1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
satela [25.4K]
2 years ago
6

On May 1, 2021, Meta Computer, Inc., enters into a contract to sell 4,000 units of Comfort Office Keyboard to one of its clients

, Bionics, Inc., at a fixed price of $68,000, to be settled by a cash payment on May 1. Delivery is scheduled for June 1, 2021. As part of the contract, the seller offers a 25% discount coupon to Bionics for any purchases in the next six months. The seller will continue to offer a 5% discount on all sales during the same time period, which will be available to all customers. Based on experience, Meta Computer estimates a 50% probability that Bionics will redeem the 25% discount voucher, and that the coupon will be applied to $40,000 of purchases. The stand-alone selling price for the Comfort Office Keyboard is $19.00 per unit. Required: 1. How many performance obligations are in this contract
Business
1 answer:
Artist 52 [7]2 years ago
4 0

Answer:

this contract includes 2 performance obligations

Explanation:

the performance obligations are as follows:

  1. performance obligation 1 refers to providing 4,000 keyboards to Bionics
  2. performance obligation 2 refers to the special discount options which could be redeemed by the client resulting in a material right. If the client had not made this purchase, then it wouldn't be entitled to the special discount.

A performance obligation is created whenever a business promises a customer that it will deliver or provide a good or service.

You might be interested in
Match each type of employment with its definition (2 points)
Rainbow [258]

Each type of employment has been matched with its definition thus:

  • Frictional unemployment: Unemployment associated with workers who are  between jobs
  • Cyclical unemployment: Unemployment resulting from mismatches between  employer needs and employee skills.
  • Structural unemployment: Unemployment associated with the highs and lows of  the business cycle.

There are different causes of employment. Frictional unemployment is the timeframe between the period an individual lost his job and seeks another.

Structural unemployment is a result of inconsistencies in the labor market.

Cyclical unemployment occurs when the demand from the employee is not met with the skills of the employer.

Learn more about unemployment here:

brainly.com/question/305041

4 0
2 years ago
"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed
Sergio039 [100]

A. Money market through borrowing and saving by households and businessesB. Public sector through the mechanism of central planningC. Business sector through the mechanism of advertisingD.Private sector through the earning and spending of income

Private sector through the earning and spending of income

Answer: Option D.

<u>Explanation:</u>

A market economy is a monetary framework wherein the choices in regards to venture, creation and dissemination are guided by the value signals made by the powers of organic market.

The meaning of a market economy is one in which cost and creation is constrained by purchasers and dealers uninhibitedly leading business. A case of a market economy is the United States economy where the speculation and creation choices depend on organic market.

8 0
3 years ago
Carlos recognizes that if he visits his aunt on Saturday, he'll miss his brother's football game. The economic principle best em
mr Goodwill [35]

Answer: Opportunity cost

Explanation:

The economic principle best embodied by this story is the opportunity cost. Opportunity cost is the cost of what one forgoes when one takes an alternative decision.

In this case, the opportunity cost of him visiting his aunt will be the lost opportunity which he could have used to watch his brother play.

3 0
3 years ago
Rubbermaid allows employees to spend a percentage of their working time on special projects. Imagine that, as a manager for Rubb
MrMuchimi

Answer:

b. Hire an external consultant to pick new team members for you.

Explanation:

The most appropriate option, analyzing the scenario above, would be to hire an external consultant to choose new team members for you, due to the fact that there is difficulty in choosing the qualification of the team and the volunteers who applied for the positions, so an external consultant could take this decision based on adequate parameters and less supported by biased behaviors that could favor some more volunteer by affinity or another issue that was not purely professional. In this way, a fairer, less conflicting and appropriate contracting would occur for everyone in the organization.

8 0
3 years ago
Gardial &amp; Son has an ROA of 11%, a 2% profit margin, and a return on equity equal to 17%. What is the company's total assets
bezimeni [28]

Answer:

Total assets turnover = 5.5

Equity multiplier = 1.55

Explanation:

The return on assets (ROA = 11%) is defined as the profit margin (2%) multiplied by the total assets turnover (TAT):

0.11=0.02*TAT\\TAT = 5.5

The return on equity (ROE = 17%) is defined as the product of the return on assets (ROA = 11%) by the equity multiplier (EM):

0.17=0.11*EM\\EM=1.55

The company's total assets turnover is 5.5

The firm's equity multiplier is 1.55

4 0
3 years ago
Other questions:
  • Crigui Music produces 60000 CDs on which to record music. The CDs have the following costs: Direct Materials $13000 Direct Labor
    5·1 answer
  • Control based on the use of pricing mechanisms and economic information is referred to as:
    5·1 answer
  • During the month of January, Marcos &amp; Henesey, Inc. had total manufacturing costs of $165,000. It incurred $62,000 of direct
    7·1 answer
  • What are the roles of the control unit and the alu?
    8·1 answer
  • - Name the six business management perspectives that go beyond planning, controlling, and decision making?
    5·1 answer
  • Thunder Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balanc
    11·1 answer
  • You are a​ risk-averse investor who is considering investing in one of two economies. The expected return and volatility of all
    12·1 answer
  • Fill in the blanks to complete the passage about the economic implications of technological advances. The U.S. dairy cow industr
    10·1 answer
  • In November 2019, Yammy Fun Inc. purchased advertising for $1,000 that ran in the local November news paper. All purchases and s
    12·1 answer
  • What's the appropriate response to receiving a talk about breaking a rule?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!