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3 years ago

Presented below are three revenue recognition situations.

Business

1 answer:

Veseljchak [2.6K]3 years ago

6 0

Answer:

Groupo

Transaction Price When to recognize revenue

a. $908,000 Delivery Time

b. $797,000 30 days' time

c. $462,200 18 months and 24 months' time

Explanation:

a) Data and Analysis:

a. $908,000 Delivery Time

b. $797,000 30 days' time

c. $462,200 18 months and 24 months' time

b) For the goods sold on installment sales, the payments are also deferred. Therefore, the seller does not recognize any gain until installments are received. Since installment sales encompass much longer time periods compared to credit sales, there are no discounts offered for early payments. The seller in an installment sales maintains an ownership interest in the goods sold until the buyer pays the balance due in full.

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3 years ago

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Anni [7]

Answer:

Letter a is correct. <u>To the right of the social supply curve.</u>

Explanation:

In this situation, we can say that the correct alternative is that the company's supply curve will be to the right of the social supply curve. For when there is an external cost of producing a good, it means that there is a cost committed by third parties, that is, this cost has no direct relation to the production process of the good, but it can be said that the production of the organization goes beyond ideal social level of production, which causes an externality, as there are consequences for third parties on a decision which they did not participate in.

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Answer:

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Explanation:

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4 years ago

Walt disney held the patent for technicolor for ___ years.

Aleksandr [31]

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~PutarPotato

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3 years ago

g One of the major advantages that market economies have over command economies is that a. They are more able to quickly and eff

Flura [38]

Answer: They are more able to quickly and efficiently deal with situations that require coordination among consumers and producers

Explanation:

A market economy simply refers to the economy that's being regulated through the forces of demand and supply. It should also be noted that government plays a limited role in such economy.

On the other hand, command economy is one whereby the government is in charge of the production, distribution and allocation regarding goods and services.

An advantage of the market economy over the command economy is Tlyhst they are more able to quickly and efficiently deal with situations that require coordination among consumers and producers. This is because the producers and the consumers generally control the market thereby coordination is easier.

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3 years ago