Answer:
Units sold in 2016 = 12118.33
Explanation:
Given that
Net income = 154200
Fixed inputs = 572900
Selling price per unit = 155
Variable cost per unit = 95
Recall that
Net income = total revenue - total expenses
And that
Net income = (selling price - variable cost) × number of goods sold - fixed cost
Thus
154200 = (155 - 95)x - 572900
572900 + 154200 = 60x
727100 = 60x
x = 727100/60
x = 12,118.33 units
Answer:
A. Final sales price reduced by cost to complete after split-off.
Explanation:
Net realizable value (NRV) is explained here to be the value of an asset that can be realized upon the sale of the asset, less a reasonable estimate of the costs associated with the eventual sale or disposal of the asset. It is a common method used to evaluate an asset's value for inventory accounting. NRV is a valuation method used in both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Many business transactions allow for judgment or discretion when choosing an accounting method.
A conservative approach means that the accountant should use the accounting method that generates less profit and does not overstate the value of assets.
Answer:
The correct option is D. $ 20,000
Explanation:
$ 20,000 is the revenue that will recognize in the first year of the contract Because the company Mass LLP will have no more continuing involvement with the Company Sunny Dale.
All the license transfers a right of use to Sunny Dale, and all license revenue $20,000 will be recognized upon transfer of control of the software to the customer
