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just olya [345]
3 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]3 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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One of the disadvantages of using customer value propositions is that they are complex and difficult to understand. True False
Fed [463]

It is false that using customer value propositions is that they are complex and difficult to understand.

<h3>What is customer value proposition?</h3>

Customer value proposition is a type of business statement that entails detailed information why a customer need to buy a product or use a service. The main target of customer value proposition is their potential customers rather than other groups like employees, partners or suppliers.

Therefore, It is false that using customer value propositions is that they are complex and difficult to understand.

Learn more about customer value proposition below.

brainly.com/question/14838659

8 0
2 years ago
Wikipedia's engagement of readers and the public in developing content, with an emphasis on timeliness and the breadth of conten
kotegsom [21]

Answer: Raise

Explanation:

The options for the question are:

a. Raise

b. Create

c. Reduce

d. Eliminate

Wikipedia is used by people that are involved in academics or anyone that is seeking information as it gives information regarding different topics and issues.

Wikipedia's engagement of readers and the public in developing content, with an emphasis on timeliness and the breadth of content, exemplifies this type of value innovation raise.

4 0
4 years ago
Alto Corporation sold two capital assets this year. The first sale resulted in a $13,000 capital gain, and the second sale resul
ivanzaharov [21]

Answer:

A. Tax refund $2,100

B. $18,000

Explanation:

A. Calculation for Alto's tax refund from the carryback of its current year capital loss

Based on the information given we were told that Alto has the amount of $28,000 ( 13,000-41,000) as a net capital loss that is non deductible this year which means Alto can

carry the loss back 3 years in order for Alto to deduct against net capital gain in those 3years.

Secondly Alto can as well remove the amount of $10,000 capital loss that was carryback against capital gain 3 years ago in order to have the amount of $2,100 as tax refund which is calculated as ($10,000 × 21%)

B. Computation of Alto's capital loss carryforward into next year.

Alto’s capital loss carryforward = ($28,000 − $10,000).

Alto’s capital loss carryforward =$18,000

Therefore Alto’s capital loss carryforward will be $18,000

3 0
3 years ago
A businessperson is setting up a new automatic car wash and is choosing between two fully automated machines. The first machine
Grace [21]

Answer:

i wil do it asap asap

Explanation:

asap asap

5 0
3 years ago
To be useful for decision making, information should possess the fundamental qualities of relevance and.
grigory [225]

To be useful for decision making, information must possess the fundamental qualities of relevance and reliability.

<h3 /><h3>What makes information relevant and reliable?</h3>

In a company, information is essential for decision making, significantly compromising the positioning of a business. In order to be relevant and reliable, the information must be based on organizational facts, such as accounting records, which demonstrate the real financial situation of the business, and allow decision-making more aligned with the company's needs.

Therefore, there is also an information system that assists in the processing of a large volume of data, the Decision Support Systems, which, being based on knowledge, are able to provide information based on standards and organizational objectives, being an important support to management decision making today.

Find out more about Information System here:

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6 0
2 years ago
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