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ki77a [65]
2 years ago
6

A company must account for a contract modification as a new contract if Group of answer choices the modification adds distinct g

oods or services at a price that reflects their stand-alone selling price. the seller has the right to receive consideration equal to the stand-alone selling price of the promised goods or services. the promised goods or services are distinct and separable from other goods or services promised in the original contract. the promised goods or services are distinct and the contract has commercial substance.
Business
1 answer:
OLEGan [10]2 years ago
7 0

Answer:  the modification adds distinct goods or services at a price that reflects their stand-alone selling price.

Explanation:

When multiple goods or services are offered in the same contract they are not usually given their standalone price but rather a contract price that is less as a form of discount for getting all the goods at the same time.

When a modification is added however, that reflects the standalone price of goods added, the contract has to account for the contract modification because there are now multiple pricing conventions and this needs to be accounted for.

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2) Economic Growth: Use the PPF from above to illustrate the effects of saving and investment upon national GDP. Use a PPF to sh
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Answer and Explanation:

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level of savings direct related to the level of investment, investment feeds on available finance from saving. If more people save, the banks will be able  to lend more to firms to support their investments.

low savings and investment implies a PPF inward shift. low savings  in economy implies that the economy is opting for short-term consumption over long-term investment, and this will lead to future undue pressure on available infrastructures ad resources.

spending  on consumer goods vs capital goods effect on the economy

In the short run, the economy must prefer using available resources to produce capital rather than consumer goods. Standards of living will be affected, as private consumption will have access to fewer resources. However, in the longer run, the raised production of capital goods will boost  the production of more consumer goods ad therefore standards of living will experience more increase than they would have witness if the economy had spent most of its income on consumer goods.

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