Answer:
a. There are two separate performance obligations in the contract. Gym membership is one performance obligation and the providing 25% discount on yoga classes is another performance obligation.
b. The standalone selling price of annual membership is $720. Therefore, F&S will allocate of 700 contract price to the discount voucher on yoga course and the remaining $672 will be allocated to membership.
C. solution is in the image attached.
Explanation:
b. F&S offers a 10% discount on yoga classes to all customers as part of promotional strategy. Therefore a 25% discount voucher provides a customer with an incremental value of 15% (25%-10%). Thus, the estimated stand alone selling price of the discount voucher provided by F&S is $30 ($500 * 15% incremental discount * 40% likelihood of the vouchers being redeemed).
Answer:
<u><em>Radical change</em></u>
Explanation:
A distinguishing feature of radical change is that it is rapid in terms of ground breaking breakthrough innovations.
Thus, In 1993 the film industry was experiencing breakthrough innovations such as the release of the blockbuster movie "Jurassic park" which introduced high-tech special effects in the film industry.
Answer:
A
Explanation:
A capital good is a good that is used to produce another good. examples of capital goods are : tools, buildings, equipment
A consumer good is a good that is directly consumed by final end users e.g. food, clothing, jewellery.
The oven used to make bread is the capital good, while, the bread is the consumer good. Bread is sold to consumers
Answer:
The journal entries are as follows:
(a) On January 1, 2021
Cash A/c Dr. $418,022
To Bonds payable $418,022
(To record the issue of bond)
(b) On June 30, 2021
Interest expense A/c [$418,022 × 7%/2] Dr. $14,630.77
To cash $14,630.77
(To record the first two semiannual interest payments)
(c) On December 31, 2021
Interest expense A/c Dr. $14,630.77
To cash $14,630.77
(To record the first two semiannual interest payments)
Answer:
I'm not really sure but you can definitely google the highest paid jobs there.