On january 1, 2016, elite advertising was contracted to run a marketing campaign for pharm king's new dieting pills. in addition to getting a base fee of $150,000 for the 3-year campaign, elite also may get an additional 5% of the base fee as a bonus if a targeted sales level is reached at the end of three years. elite currently lacks sufficient information to make an estimate of the likelihood of the expected bonus, with the marketing director indicating that "if you forced me to make an estimate, i'd say we have a 50/50 chance. but don't quote me on that - it's really too early to tell." elite concludes this contract qualifies for revenue recognition over time, and estimates variable consideration using the most likely amount. how much revenue should elite recognize as of december 31, 2016? a. $50,000b. $51,250c. $52,500d. $57,500

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.