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Mamont248 [21]
3 years ago
5

For contracts that include more than one separate performance obligation: Multiple Choice Revenue is recorded over time at the f

air value of each performance obligation. Revenue is recognized in the amount of the contract price on the date the last separate performance obligation is satisfied. The contract price is allocated to each performance obligation in proportion to the obligations' stand-alone selling prices. Revenue is recognized in the amount of the contract price on the date the contract is signed.
Business
1 answer:
Talja [164]3 years ago
7 0

Answer:

The contract price is allocated to each performance obligation in proportion to the obligations' stand-alone selling prices.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Simply stated, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

In financial economics, an option can be defined as a contract availing the buyer (owner) of an option the absolute right but not an obligation, to call (buy) or put (sell) a given amount of an asset at specific price (amount of money) at a specific period of time in the future. Generally, options are bought and sold through retail brokers. When a price is stated on an option it is referred to as the strike price.

Hence, for contracts that include more than one separate performance obligation, the contract price is allocated to each performance obligation in proportion to the obligations' stand-alone selling prices.

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Precision Craft, Inc., makes tools. While using a Precision tool to replace an electrical fixture, Stan neglects to shut off the
Travka [436]

Answer:

a. ​nothing.

Explanation:

Based on the scenario being described it can be said that in a contributory negligence jurisdiction, the plaintiffs could recover nothing. This is because a contributory negligence jurisdiction focuses on the plaintiff's failure to exercise reasonable care for their safety and therefore reducing the degree of the claim, which since in this case Precision Craft is not at fault at all then Stan's heirs would recover nothing in this case since the fault was on Stan's negligence.

7 0
3 years ago
Name some results that would happen to someone without personal finance skills
asambeis [7]

Answer:

The answer would be

Explanation:

1. Not keeping a budget

2. Paying bills late

3. Not saving money

4. Buying what you want instead of what you need

5. Impulse purchases

6. Getting into debt

7. Borrowing money

8. Being too stingy

9. Not learning about money management

Those who bear the weight of financial burdens may neglect their health in an attempt to save money; they may even go so far as to completely avoid healthcare because they do not have the means to pay it.

Your health is not the only thing negatively affected by poor money management habits. Your career can also take a costly toll from stressors caused by mismanaging your finances

4 0
3 years ago
Diamond Design Company makes custom chairs for individual customers. On September 1, there was one job in process, Job 243, with
emmasim [6.3K]

Answer:

c. $30,512

Explanation:

Please see attachment

5 0
3 years ago
1. Which of the following is not characteristic of a corporation?
Oxana [17]
<span>1. Which of the following is not characteristic of a corporation?

d. Corporations are required to file federal income tax returns.

2. Characteristics of a corporation include

d. Shareholders who have limited liability

3. One of the main disadvantages of the corporate form is the

b. Double taxation of dividends


4. Under the corporate form of business organization

a. Ownership rights are easily transferred.


5. Those most responsible for the major policy decisions of a corporation are the

b. Board of directors.


6. Stockholders' equity

d. Is shown on the income statement

7. The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?

b. Investor expectations of the corporation's earning power


8. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheet?

b. Stock Dividends


9. The excess of issue price over par of common stock is termed a(n)

d. Premium


</span>
8 0
3 years ago
Read 2 more answers
Recently, much of the Western U.S. experienced drought conditions and water usage was restricted in California. Yet, even though
antoniya [11.8K]

Answer:

Price inelastic.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

Price \; elasticity \; of \; demand = \frac {Percentage \; change \; in \; price}{Percentage \; change \; in \; demand}

The demand for goods is said to be inelastic, when the quantity of goods demanded by consumers with respect to change in price is very small. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.

Generally, consumers would like to buy a product as its price falls or become inexpensive.

In this scenario, the residents of California did not use less water even when the water company raised water prices. Thus, water is price inelastic.

8 0
3 years ago
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