Assume the following scenarios.
scenario 1: during 2021, ibm provides consulting servi...
Assume the following scenarios.
scenario 1: during 2021, ibm provides consulting services on its mainframe computer for $10,600 on account. the customer does not pay for those services until 2022.
scenario 2: on january 1, 2021, gold's gym sells a one-year membership for $1,248 cash. normally, this type of membership would cost $1,560, but the company is offering a 20% "new year's resolution" discount.
scenario 3: during 2021, the manitowoc company provides shipbuilding services to the u. s. navy for $390,000. the u. s. navy will pay $130,000 at the end of each year for the next three years, beginning in 2021.
scenario 4: during 2021, goodyear sells tires to customers on account for $30,600. by the end of the year, collections total $26,000. at the end of 2022, it becomes apparent that the remaining $4,600 will never be collected from customers. required: for each scenario, calculate the amount of revenue to be recognized in 2021. revenue recognized in 2021
Answers: 2
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
Business, 22.06.2019 20:10
Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.
Answers: 2
Business, 22.06.2019 21:10
Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.
Answers: 3
Business, 23.06.2019 01:00
Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate?
Answers: 3
Mathematics, 06.11.2020 03:30
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