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.
Answer:
$27,450
Explanation:
Given:
Direct materials cost = $15,450
Direct labor hours worked = 360
Direct labor rate per hour = $15.00
Machine hours used = 300
Applied factory overhead rate per machine hour = $22.00
The total Direct labor cost = Direct labor hours × Direct labor rate per hour
or
The total Direct labor cost = 360 × $15.00 = $5,400
And,
The total overhead cost = overhead rate per machine hour × Machine hours
or
The total overhead cost = $22.00 × 300 = $6,600
Therefore,
the total manufacturing cost
= Direct materials cost + total Direct labor cost + total overhead cost
the total manufacturing cost = $15,450 + $5,400 + $6,600 = $27,450
Virtual Reality can be used by Dax, so that his client will be able to walk through a digital version of a house before actual building.
<h3>What is Virtual Reality?</h3>
Virtual Reality can be regarded as a computer-generated environment which looks like a real life environment with scenes and objects .
Therefore, Dax can use Virtual Reality to shows his clients about his house digitally.
Learn more about Virtual Reality at;
brainly.com/question/26705841
Answer:
Green marketing
Explanation:
Green marketing is defined as the process by which a person or company promotes products that are environmentally friendly or that gives environmental benefits.
It involves processes like promotion, packaging, product modification and so on.
In the given scenario Ikea invests in solar panels and wind turbines to to supply energy to its buildings, thereby decreasing the amount of raw materials it uses in making its products and avoiding the depletion of natural resources.
This is green marketing.
Answer:
Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.
If I am wrong please correct me.