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Marina CMI [18]
2 years ago
9

If consideration is received before a contract is identified and the consideration is nonrefundable, revenue may be recognized i

f:
Business
1 answer:
Studentka2010 [4]2 years ago
3 0

Answer: Any of these answer choice is correct.

Explanation:

You didn't put the options to the question. The options are:

• There is no remaining obligation to transactions goods.

• The contract has been terminated.

• Goods have been delivered.

• Any of these answer choice is correct.

When consideration has been received before a contract is identified and the consideration is nonrefundable, then the revenue may be recognized when:

• There is no remaining obligation to transactions goods.

• The contract has been terminated.

• Goods have been delivered

Therefore, the correct option is any of the answer choice is correct.

You might be interested in
Suggett Corporation's net cash provided by operating activities was $34; its income taxes were $12; its capital expenditures wer
yan [13]

Answer: Option (C) is correct.

Explanation:

Given that,

Net cash provided by operating activities = $34

Income taxes = $12

Capital expenditures = $24

Cash dividends = $7

Free Cash Flow = Cash Provided by Operating Activities - Dividends - Capital Expenditure

                           = $34 - $7 - $24

                           = $3

Therefore, the company's free cash flow was $3.

3 0
3 years ago
Iota Inc. has a freewheeling culture, whereas Axiom Inc. has a culture based on structure and discipline. The merger of these tw
erik [133]

Answer:

Cultural gap

Explanation:

The merger of Iota Inc. and Axiom Inc. will be difficult due to the presence of a culture gap. An organization's culture may not always be in alignment with the needs of the external environment. The values and ways of doing things may reflect what worked in the past. The difference between desired and actual values and behaviors is called the culture gap. Culture gaps can be immense, particularly in the case of mergers.

Hope this works!!!!!

6 0
2 years ago
4. Analyze. What is wrong with this statement:
astraxan [27]

Answer:

Daadsasdjahishsbksnsbidje

3 0
2 years ago
Six equal partners own a local pizzeria. The partners have made a tremendous profit and bought many personal items such as cars,
Tanya [424]

Answer:

Money to be paid by each partner individually is $112,500

Explanation:

Let A and B are partners of a share amount Z

If A's amount is x and share of B's amount is y, then share of A is calculated as

x / (x + y) * z

Number of partners in Pizzarie is 6 with all having equal shares

Value of business is $675,000

Damage to be paid is $1.2 million

Hence, the money to be paid by each partners individually is:

= $675,000 / 6

= $112,500

Therefore, money to be paid by each partner individually is $112,500

5 0
3 years ago
A perfectly competitive market is in long run equilibrium. At present there are 100 identical firms each producing​ 5,000 units
Tema [17]

Answer: B. In the short​ run, the typical firm increases its output and makes an above normal profit.

Explanation:

I have attached a graph to explain.

Originally the Perfectly Competitive Market is in a long run Equilibrium.

This means that at 5000 units the $20 selling price was as a result of Marginal Revenue being equal to Marginal Cost.

Now a sudden change in Demand has taken the price up which then forces the Marginal Revenue Curve upwards.

This will culminate with the Marginal Revenue Curve now intersecting the Marginal Cost curve at a higher point being point F so that profit can be maximised.

This higher level will thus lead to a higher output than 5000 units at point Q as the firm will increase output.

Notice that at that point the Marginal Revenue is higher than Average Total Cost meaning that an Above normal profit is being made.

Do react or comment if you need any clarification.

7 0
3 years ago
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