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just olya [345]
2 years ago
7

Tulane Tires wrote a contract for a $104,000 sale of tires to the new Garden District Tour Company. Tulane only anticipates a sl

ightly greater than 50 percent chance that Garden will be able to pay the amounts that Tulane is entitled to receive under the contract. Upon delivery of the tires, assuming no payment has yet been made by Garden, how much revenue should Tulane recognize under U.S. IFRS
Business
1 answer:
mafiozo [28]2 years ago
3 0

Answer: $0

Explanation:

Under the United States IFRS, we should note that in this case, the contract according to the question will not be able to qualify for revenue recognition since the percentage of it occuring is more than 50% which mean that it is very likely it'll exist.

Therefore, in this case, revenue recognized will be $0.

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Business Manager HeatherGuite expects her employees to be displeased or even hostile when she announces a new work schedule that
anzhelika [568]

Answer:

explain all background information first

Explanation:

Imagine how bad the work schedule is for a manager to be worried about their employees' reaction. When you have to deal with very bad solutions and their consequences, you must do it in a proper manner so things don't get worse. By explaining the background information first, Heather will be able to explain why she is making that decision and has a better chance of her employees understanding that it is something necessary. We are not told what the changes are or shy the changes are being made, but we know that they are very serious.

Heather must deal with her employees' tolerance levels, and their is a difference between absolute and relative tolerance. Absolute tolerance refers to tolerating other people's behavior just because you are polite and you don't want to cause more trouble, and relative tolerance refers to tolerating a bad situation because you know that there is valid cause for it. Heather must rely on her employees' relative tolerance.

8 0
3 years ago
Can someone help me really quick please I really need it. I’ll give points
AleksAgata [21]
Not 100% sure but I would say the second one but don't hold me to it.  Go with your gut feeling. 
4 0
3 years ago
E-Gadgets is a chain of electronics stores that specializes in devices and gadgets incorporating cutting-edge technologies. The
viktelen [127]

Answer: Option (C)

Explanation:

Here, in this case the corporation E-Gadgets is providing its consumers with place utility. The organization E-Gadgets creates the utility for their product solely by character of its location. The organization is known to have more than 170 outlets that are located in most of the large cities. Under the place utility it is known that the attractiveness of a commodity that is sold can be further increased by changing the location.

3 0
3 years ago
In the new products process, after evaluating an idea, various views on the idea are combined together in what is often called t
kolezko [41]

Answer:

The correct answer is letter "A": full screen.

Explanation:

The full screen is a scoring model carried out to determine the feasibility of a product. In this stage, the technical and commercial aspects of that product are evaluated to find out if it is possible to be materialized or if the development of that good should stop.

5 0
3 years ago
Discount Pizza retires its 7% bonds for $68,000 before their scheduled maturity. At the time, the bonds have a face amount of $7
snow_lady [41]

Answer:

The Journal entry and their narrations for recording the bonds retirement is shown below:-

Explanation:

The Journal entry is shown below:-

Bonds payable Dr,                                 $70,000  

Loss on redemption of bonds Dr,         $3,832

($68,000 - $64,168) 

            To Bond discount amortization           $5,832

($70,000 - $64,168)

             To Cash                                               $68,000

(Being bonds retirement is recorded)

So, for recording the early retirement of the bonds we debited the bonds payable and loss on redemption of bonds and credited the bond discount amortization and cash.

6 0
3 years ago
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