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
Michigan Mattress Company is considering the purchase of land and the construction of a new plant. The land, which would be boug
swat32

Answer:

6 years

Explanation:

The Payback period calculates how much it takes the amount invested in a project to be recovered from the cumulative cash flow.

Total amount invested =  $500,000 +  $100,000 =  $-600,000

Cash inflow in year 2 =  $100,000

Amount recovered in year 2 = $-600,000 + 100,000 = $-500,000

Cash inflow in year 3 =  $100,000 × 1.1 = 110,000

Amount recovered in year 3=$-500,000 + 110,000 = $-390,000

Cash inflow in year 4= $121,000

Amount recovered in year 4 = $-390,000 + $121,000 = $-269,000

Cash inflow in year 5= $133,100

Amount recovered in year 5 = $-269,000 + $133,100 = $-135,900

Cash inflow in year 6 = $146,410

Amount recovered in year 6 = $146,410 $-135,900 = $10,510

The amount is recovered In 5.93 years

I hope my answer helps you

8 0
3 years ago
The following are some changes that may take place in the market for textbooks. For each of the following, indicate what will ha
Butoxors [25]

The demand curve will shift right.

(b.)The supply curve will shift right.

(c.)The demand curve will shift left

(d.)The supply curve will shift right.

(e.)The demand curve will shift left.

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the amount demanded over a specific time period. A common representation will have the price on the left-hand vertical axis and the amount needed on the right-hand horizontal axis. The law of demand states that, when all other factors are equal, the quantity demanded for a given good will decrease as its price rises as shown by the demand curve moving from left to right. Keep in mind that this formulation suggests that quantity is the dependent variable and price the independent variable. The independent variable often appears on the horizontal axis, or x-axis, although economics is an exception.

Learn more about demand curve here

brainly.com/question/14252371

#SPJ9

7 0
1 year ago
Rue's hunting emporium sells hunting equipment. the store advertises its equipment in a popular magazine every monday. it also p
Alla [95]
<span>The scenario in which the store advertises its equipment in a popular magazine every Monday and on a television commercial every Thursday at 5:00 p.m. for a period of three months is an example of </span>continuous media schedule. It is type of advertising that includes advertising of <span>the products throughout a planned period of time.

</span>
7 0
3 years ago
Within the context of quality control, the primary purpose of continuing professional education (CPE) and training activities is
Phantasy [73]

Answer:

The correct answer is c) The ability to fulfill assigned responsibilities and the qualifications for advancement

Explanation:

The company should select procedures to achieve consistent assurance that workers at all levels cooperate in general and industry-specific CPE and other professional activities that empower them to fulfill responsibilities assigned and the qualifications for advancement.

3 0
2 years ago
Zimmer-centerpulse is the world's largest producer of replacement hips and knees for orthopedic surgery. they are particularly i
mylen [45]

The correct answer is Demography

Zimmer-Centerpulse is the world’s largest producer of replacement hips and knees for orthopedic surgery. It is particularly interested in marketing in the southwestern United States, where a large aging population lives.

The demography most directly explains its continued growth.

8 0
3 years ago
Other questions:
  • Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate t
    14·1 answer
  • Norman Co. wants to purchase a machine for $40,000, but needs to earn an 8% return. The expected year-end net cash flows are $12
    6·1 answer
  • Consider four different stocks, all of which have a required return of 14 percent and a most recent dividend of $3.50 per share.
    5·1 answer
  • Observe any person working in a business endeavor and Identify up to five skills and qualities this person possesses.
    12·1 answer
  • What is it called where consumers react to rising prices by consuming less of a good and more of it's competitors?
    8·1 answer
  • Tiger, Inc., a calendar year S corporation, is owned equally by four shareholders: Ann, Becky, Chris, and David. Tiger owns inve
    12·1 answer
  • An example of automatic fiscal policy is Question 19 options: the unemployed automatically become eligible for unemployment bene
    8·1 answer
  • Concord Corporation manufactures a product with a unit variable cost of $100 and a unit sales price of $181. Fixed manufacturing
    10·1 answer
  • [The following information applies to the questions displayed below The following financial statements and additional informatio
    14·1 answer
  • in some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently resp
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!