Presented below are three revenue recognition situations.

(a) grupo sells goods to mtn for $900,000, payment due at delivery.
(b) grupo sells goods on account to grifols for $720,000, payment due in 30 days.
(c) grupo sells goods to magnus for $450,000, payment due in two installments: the first installment payable in 18 months and the second payment due 6 months later. the present value of the future payments is $417,600.

indicate the transaction price for each of these transactions and when revenue will be recognized.

Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? do nothing to all. turn the company into a public enterprise. use antitrust laws to increase competition. regulate the firm's pricing behavior.

Sunglasses are just as protective as safety glasses?