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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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Sonny's Surfer Shop produces and sells custom surf boards. Assume that labor is the only input that varies for the firm. The fir
faltersainse [42]

Answer:

B) For the 11th worker, the value of the marginal product of labor is $4,000.

Explanation:

The marginal product of labor (MPL) of a company is the total change in output achieved by hiring an additional worker. To calculate the MPL we have to multiply the change in output (measured in units) times the revenue generated by every extra unit of output.

In this case, the MPL = 2 surfboards x $2,000 per surfboard = $4,000

5 0
3 years ago
A race car travels northward on a straight, level track at a constant speed travels 0.754 km in 25.0 s. The return trip over the
Vikentia [17]

Answer:

27.42 m/s

Explanation:

Data provided in the question:

Distance traveled on a straight track = 0.754 km

Time taken to cover while going = 25.0 s

Time taken for the return = 30.0 s

Now,

Total distance covered = 2 × 0.754

= 1.508 Km

= 1508 m

Total time taken = 25 + 30 = 55 s

Therefore,

The average velocity of the car = Total distance ÷ Total time

= 1508 ÷ 55

= 27.42 m/s

6 0
3 years ago
A national survey for safety identified 20% hazard comes from company a, 20% from b, and 50% from company
andreyandreev [35.5K]
The probability that he will call A is 1 out of 2 because A and B have the same percent of Hazard. The probability that he will call C is 0/3 because it is more hazardous than the rest.
6 0
3 years ago
According to the Securities Act of 1933, an individual who participates in the original distribution of securities by selling su
mamaluj [8]

Answer:

D. underwriter

Explanation:

Based on the information provided within the question it can be said that the individual being described in the question is called an underwriter. Like mentioned in the question this is an individual who guarantees sale of securities and accept the financial risk of liability arising from the guarantee on behalf of the issuer of the securities in question.

3 0
3 years ago
If Dennis can pay a police officer off so that he does not get a speeding ticket, he is most likely in what type of culture?
Ghella [55]
What are the answer choices
3 0
3 years ago
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