Business, 25.06.2019 08:10 jshehehdh

An entity enters into a contract with a customer to sell products x, y, and z in exchange for $250,000. control over the products will be transferred to the customer at different points in time. the entity determines that the delivery of each product is a distinct performance obligation. products x and y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. the standalone selling price of product z of $160,000 was estimated using the adjusted market assessment approach. the entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. what revenue will be recognized by the entity on the sale of product x?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:40

Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t

Answers: 1

Answer

Business, 22.06.2019 10:10

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Answers: 2

Answer

Business, 22.06.2019 11:30

On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8

Answers: 1

Answer

Business, 22.06.2019 13:40

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.

Answers: 1

Answer

You know the right answer?

An entity enters into a contract with a customer to sell products x, y, and z in exchange for $250,0...

Questions