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Nadya [2.5K]
3 years ago
11

Festi Corp. is evaluating if revenue may be recognized for two of their contracts. The customer in Contract A has indicated that

they are ready to accept the transfer of the products associated with the contract, but delivery has not yet occurred. The customer in Contract B has received legal title to the products, but has asked Festi to store the products for them until they open the new stores for which the product has been ordered. Festi has clearly labeled and set aside the products in the warehouse for the customer in Contract B, but delivery has not yet occurred.Should revenue be recognized for:Contract A Contract Ba Yes Nob No Yesc No Nod Yes Yes
Business
1 answer:
Tamiku [17]3 years ago
3 0

Answer:

B. No, Yes

Explanation:

There are no indicators that the customer in Contract A has obtained control of the products; therefore, revenue should not yet be recognized for Contract A. The customer in Contract B has received legal title to the product, thus, the significant risks and rewards of ownership have transferred to the customer in Contract B. Contract B appears to be a bill-and-hold sale because the customer is not able to take delivery until their new stores are ready to receive the inventory and Festi has clearly set aside the product associated with Contract B.

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The project is expected to generate the following net cash flows:
iVinArrow [24]

Answer:

Correct option is A 5.01%

Explanation:

Let irr be x%

At irr,present value of inflows=present value of outflows.

1,500,000=350,000/1.0x+475,000/1.0x^2+400,000/1.0x^3+475000/1.0x^4

Hence x=irr=5.01%(Approx).

8 0
2 years ago
If the supply of a good increased, what would be the effect on the equilibrium price and quantity?
kakasveta [241]

Answer:

An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.

5 0
3 years ago
Which of the following is measured by utility? A. The satisfaction a person gets from consumption. B. The cost of adding a singl
Svet_ta [14]

Answer:the satisfaction a person gets from consumption

Explanation:

3 0
3 years ago
FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares o
Ulleksa [173]

Answer:

18.52%

Explanation:

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Let plug in the formula

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Equity weight=.1852×100

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Therefore what would be the equity weight is 18.52%

7 0
2 years ago
One possible solution to a diminishing Social Security payroll is to decrease the Social Security benefit by 13%. How would such
Darina [25.2K]

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According to the 2022 Annual Report of the Social Security Board, the surplus of trust funds paying severance, disability, and other social security benefits will be exhausted by 2035. This is a year behind what the Board of Trustees predicted in its 2021 report.

If you are less than the full retirement age and exceed your annual income limit, your benefits may be reduced. If you haven't reached full retirement age throughout the year, you will be deducted $ 1 from your benefits for every $ 2 you earn over your annual limit. For 2022, the limit is $ 19,560.

Learn more about Social Security payroll here:brainly.com/question/1156607

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5 0
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