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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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When group investors become aware of overseas investment opportunities and are willing to diversify their portfolios internation
sammy [17]

Answer:

they benefit from an expanded opportunity set.

Explanation:

As most of the business organizations focused on grabbing the investment opportunities which leads to diversify their business in terms of expanding the business in various locations, maximize the market share etc

This can be done with the help of opportunity set i.e. to expanded through which the firm could get the benefit of it

Hence, this would be the answer

3 0
3 years ago
Sky Communications (SKY) usually sells a cell phone for $448 plus 12 months of cellular service for $672. SKY has a special, tim
jeka94

Explanation:

The Journal Entry from July 1 and July 31 is shown below:-

1. Cash Dr,                                             $560

            To Deferred revenue                                  $560

(Being cash is received)

2. Deferred revenue                             $336

            To Sales revenue                                         $336

(Being 12 months sales service is recorded)

3. Cost of goods sold                            $280

            To Inventory                                                 $280

(Being cost of goods sold is recorded)

4. Deferred revenue ($336 ÷ 12)            $28

            To Service revenue                                      $28

(Being Deferred service revenue is recorded)

Working Note:-

Cellular service revenue = offer price ÷ total cost of phone and service × cellular service

= (($560 ÷ ($448 + $672)) × $672

= $336

3 0
3 years ago
How does the Ricardian model differ from the H-O theory in explaining international trade patterns among nations.
svetlana [45]

Answer:For example, the Ricardian model of trade, which incorporates differences in technologies between countries, concludes that everyone benefits from trade, whereas the Heckscher-Ohlin model, which incorporates endowment differences, concludes that there will be winners and losers from trade.

5 0
4 years ago
g Which one of these will increase the present value of a set amount to be received sometime in the future? A) Increase in the t
alisha [4.7K]

Answer:

Decrease in the interest rate

Explanation:

Present value is the sum of discounted cash flows

let me use an example to illustrate

the present value of $100 in year 0 discounted at 6% = $100

the present value of $100 one year from now discounted at 6% = $94.33

the present value of $100 two years from now discounted at 6% = $89

We can see that present value decreases with an increase in time

2. the present value of $100 one year from now discounted at 6% = $94.33

the present value of $90 one year from now discounted at 6% = $84.91

We can see that present value decreases with a decrease in the future value.

3.  the present value of $100 one year from now discounted at 6% = $94.33

the present value of $100 one year from now discounted at 5% = $95.24

We can see that the lower the discount rate, the higher the present value

7 0
3 years ago
A public franchise A. is a corporation that is owned by stockholders. B. is an unregulated monopoly necessary for the public goo
OlgaM077 [116]

Answer:

The correct answer is D. is a government designation that a private firm is the only legal producer of a good or service.

Explanation:

The Franchise is a type of contract in which one company (the franchisor) grants to another (the franchisee) the right to market certain products or services within a given geographical area and under certain conditions, in exchange for financial compensation.

Therefore we have two main figures:

  1. The franchisor: provides marketing rights so that the franchisor can use its brand, the commercial name and the design of the franchisee's establishment. In most cases, these elements cannot be modified to maintain the same levels of quality and form of the franchisor. In addition, the know-how, business experience and technical and commercial assistance during the term of the agreement are also provided.
  2. The franchisee: the owner of the business and who makes the necessary investments for its implementation, in addition to paying a fee to the franchisor to use your brand. This fee is like a "right of entry" into the business, in addition periodic amounts may also be established in the contract according to the volume of sales and / or technical and commercial assistance. In addition, the franchisee exclusively has the franchise regime with respect to a specific geographical area and a type of products.
5 0
3 years ago
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