Business, 29.10.2019 23:31 yoboi33

Thomas consultants provided bran construction with assistance in implementing various cost-savings initiatives. thomas’s contract specifies that it will receive a flat fee of $62,000 and an additional $32,000 if bran reaches a prespecified target amount of cost savings. thomas estimates that there is a 20% chance that bran will achieve the cost-savings target.

required: 1. assuming thomas uses the expected value as its estimate of variable consideration, calculate the transaction price.

2. assuming thomas uses the most likely value as its estimate of variable consideration, calculate the transaction price.

3. assume thomas uses the expected value as its estimate of variable consideration, but is very uncertain of that estimate due to a lack of experience with similar consulting arrangements. calculate the transaction price.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 09:30

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false

Answers: 1

Answer

Business, 22.06.2019 10:10

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

Answers: 3

Answer

Business, 22.06.2019 16:00

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)

Answers: 2

Answer

Business, 22.06.2019 20:00

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Answers: 2

Answer

You know the right answer?

Thomas consultants provided bran construction with assistance in implementing various cost-savings i...

Questions