Business, 15.10.2019 17:30 ericuh

On may 1, 2018, meta computer, inc., enters into a contract to sell 5,000 units of comfort office keyboard to one of its clients, bionics, inc., at a fixed price of $95,000, to be settled by a cash payment on may 1. delivery is scheduled for june 1, 2018. as part of the contract, the seller offers a 25% discount coupon to bionics for any purchases in the next six months. the seller will continue to offer a 5% discount on all sales during the same time period, which will be available to all customers. based on experience, meta computer estimates a 50% probability that bionics will redeem the 25% discount voucher, and that the coupon will be applied to $20,000 of purchases. the stand-alone selling price for the comfort office keyboard is $19.60 per unit. required: 1. how many performance obligations are in this contract? 2.& 3. prepare the journal entry that meta would record on may 1, 2018 using the given information. then, prepare the journal entry assuming the same facts and circumstances as above, except that meta gives a 5% discount option to bionics instead of 25%.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 05:50

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

Answers: 2

Answer

Business, 22.06.2019 14:50

Ann chovies, owner of the perfect pasta pizza parlor, uses 20 pounds of pepperoni each day in preparing pizzas. order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. if she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?

Answers: 3

Answer

Business, 22.06.2019 15:40

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

Answers: 1

Answer

Business, 22.06.2019 19:00

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.

Answers: 2

Answer

You know the right answer?

On may 1, 2018, meta computer, inc., enters into a contract to sell 5,000 units of comfort office ke...

Questions