An entity enters into a contract with a customer to sell products X, Y, and Z in exchange for $250,000. Control over the products will be transferred to the customer at different points in time. The entity determines that the delivery of each product is a distinct performance obligation. Products X and Y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. The standalone selling price of product Z of $160,000 was estimated using the adjusted market assessment approach. The entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. What revenue will be recognized by the entity on the sale of product X

Answers

Answer 1

Answer:

B. $31,250

Explanation:

The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;

Here the transaction price should be distributed to the performance obligations.

The sum of the standalone selling price is

= $40,000 + $120,000 + $160,000

= $320,000

And, the standalone selling price is $40,000

Now the revenue that should be recognized is

= $40,000 ÷ $320,000 × $250,000

= $31,250


Related Questions

Look at the following picture and think about the organizational structure. Your task is to advise someone on how that organizational structure works. (PLEASE HELP)

Answers

Answer:

top down management

Explanation:

This organizational structure seen in the picture is a representation of top down management. In this structure, the individual at the top of the hierarchy has the most power and full command. Instructions are passed down the chain of command. For example, the CEO is in charge of the company and gives orders to the Managers (Production and Marketing). These managers follow that order and decide what orders to give the individual's under their supervision in the chain of command. These individuals are represented by the connecting lines in the diagram to the Managers. Once these individuals (Foremen and Sales Officer's) receive their orders, they create and relay their own orders down to the Workers and Salespeople.

Every six months, a local hardware store receives a cumulative quantity discount on the tools it buys from Ace Tool Manufacturing. Which of the following is likely true? (Choose every correct answer.) Multiple select question. The more tools the hardware store buys, the more the discount will increase. The store will offer special bargains to its customers two times a year. The store has a sales goal or quota for each six-month sales period. The store cannot offer special prices to its customers except at the end of the discount period.

Answers

Answer: the store is likely to offer special bargains for its customers 2 times a year

2. the discount will increase with each tool that the hardware store sells

3. the store probably has a sales goal or qouta for each 6 month sales period

Explanation:

The following are true concerning the local hardware store receiving a cumulative quantity discount on the tools it buys from Ace Tool Manufacturing;

1) The store is likely to offer special bargains for its customers 2 times a year; this would help to boost their sales and attract more business

2. the discount will increase with each tool that the hardware store sells

3. the store probably has a sales goal or qouta for each 6 month sales period

ତିନୋଟି ମୁଖ୍ୟ ପ୍ରକାରର କ’ଣ?
[tex] \: \: \: [/tex]

Answers

Answer: ମୁଁ ଇଂରାଜୀ କହୁଛି କିନ୍ତୁ ତୁମର ପ୍ରଶ୍ନ କ’ଣ? ମୋର ଓଡିଆ ଖରାପ |

Explanation:

The expectation of a future devaluation of a fixed exchange rate will lead to Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a a sharp rise in reserves and a rise in the domestic interest rate above the world interest rate. b a sharp fall in reserves and an unchanged domestic interest rate. c a sharp fall in reserves and a rise in the domestic interest rate above the world interest rate. d a sharp rise in reserves and a fall in the domestic interest rate below the world interest rate.

Answers

Answer:

c a sharp fall in reserves and a rise in the domestic interest rate above the world interest rate.

Explanation:

A devaluation of fixed foreign exchange rate of a country will make the local currency cheaper compared to other currencies.

This implies that other countries will benefit more from buying the countries goods which are now cheaper (exports).

Imports will be more expensive as foreign currencies will have higher value.

Inflation results in this situation leading to increased interest rates aimed at curbing the fall of price of goods.

In order to maintain a level of stability in the economy also the reserves of the country will be used to stabilise the local currency. So reserves will fall.

May i have the answer for this im not quite sure

Answers

Answer:

styd7tiho8ts7rt8di8yoy8s8t7rs8s88tdtzt

Should copyright laws still be around and protected?

Answers

Answer: yes

Explanation: people can make money off stealing other peoples stuff for eg music etc…

Which of the following is NOT listed on a balance sheet?

Question 16 options:

Capital


Liabilities


Revenue


Assets

Answers

Answer:

the balance sheet displays the company's total assets, and how these assets are ... found line items under Current Assets, Long-Term Assets, Current Liabilities, ... This account includes the balance of all sales revenue still on credit, net of any ... Capital  

also assets =liabilites

Explanation:

Revenue is not part of the Balance sheet. Thus, Option C. is the correct choice.

What is revenue?

Revenue is the amount of income earned through the sale of goods or services related to the company's core activities.

Revenue, also known as gross sales, is often referred to as the "top line" because it stays at the top of the income statement.

Earnings, or total income, are the total income or profits of a company.

Hence, Revenue is not the part of balance sheet. Option C. is the correct answer.

To learn more about revenue, refer to the link:

https://brainly.com/question/24778422

Thomas earns ​$ per year. What retirement plan Thomas should consider under the following​ circumstances? a. He works for a large private firm. b. He works at a university. c. He owns a small firm with employees. a. He works for a large private firm. Which is the best​ selection? ​(Select the best answer​ below.) A. Thomas should consider the Simplified Employee Pension Plan​ (SEP) or the Savings Incentive Match Plan for Employees plan​ (SIMPLE). B. Thomas should consider the​ 401(k) plan. C. Thomas should consider the​ 403(b) plan. b. He works at a university. Which is the best​ selection? ​(Select the best answer​ below.) A. Thomas should consider the Simplified Employee Pension Plan​ (SEP) or the Savings Incentive Match Plan for Employees plan​ (SIMPLE). B. Thomas should consider the​ 401(k) plan. C. Thomas should consider the​ 403(b) plan. c. He owns a small firm with employees. Which is the best​ selection? ​(Select the best answer​ below.) A. Thomas should consider the​ 403(b) plan. B. Thomas should consider the Simplified Employee Pension Plan​ (SEP) or the Savings Incentive Match Plan for Employees plan​ (SIMPLE). C. Thomas should consider the​ 401(k) plan.

Answers

Answer: See explanation

Explanation:

a. He works for a large private firm.

In this case, he should consider 401(k) plan since he works for a large private​ firm.

b. He works at a university.

In this case, he should considered the 403(b) plans. The 403(b) plan, is the retirement plan for staffs of public schools and this will be suitable for him in thus scenario.

c. He owns a small firm with employees.

In thus case, the SEP and SIMPLE plans should be considered as they're both are offered by small firms​ that has few employees.

Brainliest-
Explain 3 reasons why quality is important to Toyota.​

Answers

Answer:

Quality is important because if the quality of a multiple ton metal machine speeding down the highway is poor, it could lead to lawsuits as well as recalls and hospital bills. The higher quality a product is, the more money you tend to make off of it. Toyota's ceo knows that there are families that use their vehicles for every day life. To have a good quality is to make sure little Jimmy gets to school on time every day.

I'll mark BRAINLIEST if ALL questions are answered:

1.) What are some of the challenges that you think come with being in the entertainment industry? Explain.

2.) A large part of the Communication and Information Technology career clusters probably didn’t exist 100 years ago—which parts in particular and why?

3.) The unit discusses the word ‘holistic’ in relation to childbirth. Can you think of any other areas of health and wellness that might have holistic approaches? Why might someone want to try a holistic approach?

Answers

Explanation:

What are some of the challenges that you think come with being in the entertainment industry?

6 Critical Risks Facing the Entertainment Industry

1) Reputation. In the entertainment industry, a performer's image is just as important as their genuine talent (if not more so). ...

2) Cyber. Cyber risk takes on multiple forms in the entertainment industry. ...

3) Violence. Paris. ...

4) New Business Models. ...

5) Talent Risk. ...

6) Third-Party Liability.

When an ad says “best offer”, what does that mean?
A.The owner wants money than the car is worth
B.The owner may accept less money than the asking price
C.The owner wants no less than what the car is listed for
D.The owner has B.O. and is trying to get rid of the car

Answers

Answer:

B

Explanation:

B, the seller will accept the highest price given to him which may be less than the car is worth

please help (;´༎ຶٹ༎ຶ`)

Answers

What do you need help with?

Which of the following actions can be considered good business etiquette?
A.
switching your cell phone off before you enter a meeting
B.
keeping your cell phone on low volume before you enter a meeting
C.
setting a pleasant ring tone on your cell phone before you enter a meeting
D.
setting a standard ringtone on your cell phone before you enter a meeting

Answers

The answer is A, switching your cell phone off before you enter a meeting.

The _____ is the most important factor to consider when selecting a credit card if you do not pay the balance on your credit card every month.

annual fee
over-the-limit fee
APR
late fee

Answers

Answer:

APR

Explanation:

If you dont pay off the balance each month, you are most concerned with the interest rate charged (apr)

Answer:

APR

Explanation:

The APR is the most important factor to consider when selecting a credit card if you do not pay the balance on your credit card every month.

b) José Luis trabajo 7 meses del año. ¿Qué porcentaje del año trabajo?

c) Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas. ¿Qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto?

d) El costo de una camisa es $400 y tiene un descuento del 20%. ¿Cuál es el precio de la camisa con el descuento?​

Answers

Answer:

B) 58.3%.

C) 87.5% y 12.5%.

D) $320.

Explanation:

B) Dado que José Luis trabajó 7 meses del año, para determinar qué porcentaje del año trabajó se debe realizar el siguiente cálculo:

12 = 100

7 = X

7 x 100 / 12 = X

700 / 12 = X

58.3 = X

Por lo tanto, José Luis trabajó 58.3% del año.

C) Dado que Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas, para qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto se debe realizar el siguiente cálculo:

40 = 100

35 = X

35 x 100 / 40 = X

3500 / 40 = X

87.50 = X

Por lo tanto, Lucero contesto un 87.5% de preguntas correctamente, y un 12.5% incorrectamente.

D) Dado que el costo de una camisa es $400 y tiene un descuento del 20%, para determinar cuál es el precio de la camisa con el descuento se debe realizar el siguiente cálculo:

1 - 0.2 = ​0.8

400 x 0.8 = 320

Por lo tanto, el costo de la camisa fue $320.

Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a $400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000

Answers

Answer:

A. $300

Explanation:

The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;

= Opening balance + purchase made - credit received - payment made

= $1,200 + $1,500 - $400 - $2,000

= $300

Hence, the amount will go into the schedule of accounts for Custom Motors is $300

Therefore the option a is correct

And, the same would be considered

Answer:

A 300

Explanation:

In four to six sentences, explain the savings-borrowing-Investing cycle.​

Answers

Explanation:

The saving-borrowing-investing cycle generally begins with consumer borrowing to fund their purchases and for seed capital and they then use this capital to invest in their future.

Answer:

The savings-borrowing-investing cycle starts with borrowing for most people. People borrow money to initially pay for goods and services. Next, people can start investing money for future needs and wants. Investing will usually get the person more money later on. Finally, the person can save some money and spend the rest of their income.

May i have the answer for this im not quite sure

Answers

Answer:  May I have the answer for this. I'm not quite sure.

Explanation:

Sentences must not run on.  Ask the question about getting the answer.  THEN in the next sentence and explain why to the teacher.

The____represents more than. 380,000 retail and institutional food service operation, including restaurants, suppliers, educators, and non-profits.​

Answers

National Restaurant Association

Which of the following is most likely to be a benefit of storing the information from each calling session in a database? The company can analyze the calling session data and thereby make better business decisions. The company can analyze the calling session data and thereby make better business decisions. A The company can ensure that customer information is protected from misuse. The company can ensure that customer information is protected from misuse. B The company can reduce the costs associated with data storage. The company can reduce the costs associated with data storage. C The company can reduce its need for data compression.

Answers

Answer:

The company can analyze the calling session data and thereby make better business decisions.

Explanation:

Feedback from the customer and a view of how the customer pictures a company is a very important tool used to change future decisions a business makes.

This will influence decisions that will make the company more competitive and satisfy it's customers.

In the given instance a benefit of storing the information from each calling session in a database is that information gleaned from such calls will guide management in making customer friendly policies in the future.

A vendor sets up a stall outside of a major video game exposition. He sells products (mostly t-shirts) representing various popular video game characters but has no agreement with their owners. What is he most violating?


patents
trade secrets
✓trademark
copyright

Answers

Answer:

trademark

Explanation:

The shareholders’ equity for the Fiesta Foods, Inc. on December 31, 2010 follows: 12% Preference share capital, P100 par, 20,000 shares P2,000,000 Ordinary share capital, P25 par, 200,000 shares 5,000,000 Share premium 500,000 Retained earnings 750,000 Total shareholders’ equity P8,250,000 Preference shares have a liquidation value of P110; shares are cumulative, with dividends in arrears for 3 years including the current year and fully payable in the event of liquidation. The book value of an ordinary share is Group of answer choices 26.65 25.35 28.95 22.90

Answers

Answer:

26.65

Explanation:

The computation of the book value of an ordinary share is shown below

But before that the following calculations to be done

Balance for equity shares is

= Total shareholder equity - dividend paid to preference shareholders - redemption of preference shares

= 8,250,000 - (20,000 × 100 × 12% ×3) - (20,000 × 110)

= 8,250,000 -  720,000 - 2,200,000

= 5,330,000

And, the number of shares is 200,000

So, the book value of the ordinary share is

= 5,330,000 ÷ 200,000

= 26.65

WILL GIVE BRAINLIEST!!! Jake has been distribution manager at his company for over ten years. Unfortunately, the company has experienced a decline in profit and they are fighting to stay in business. Jake has to schedule a shipment very quickly over the next couple of weeks. Would an aircraft be a good choice for jake? why or why not? if not, provide a better alternative.

Answers

Answer:

I say yes because the shipment will get their faster, and the faster the shipment gets there the faster he gets the money to save the business.

Which of the following pieces of information is NOT commonly collected on a job application?

A. Social media links
B. Contact information
C. Education history
D. Prior work experience

Answers

Answer:

The answer to this question is A

A person whose license has been cancelled or revoked, whether by voluntary action or by disciplinary action of the Board, may after ___ years from the effective date of such cancellation or revocation, petition the Board for reinstatement of the license, unless another time is provided in the cancellation or revocation order, or unless no provision was made in the order for reinstatement. This section does not apply to licensees who let their licenses lapse for non-payment of renewal fees or licensees against whom a cancellation or revocation proceeding is not pending before the Board or in any other jurisdiction.

Answers

Answer:

The appropriate fill-in-the-blank is 05 years. Thus the statement becomes

A person whose license has been cancelled or revoked, whether by voluntary action or by disciplinary action of the Board, may after 05 years from the effective date of such cancellation or revocation, petition the Board for reinstatement of the license, unless another time is provided in the cancellation or revocation order, or unless no provision was made in the order for reinstatement. This section does not apply to licensees who let their licenses lapse for non-payment of renewal fees or licensees against whom a cancellation or revocation proceeding is not pending before the Board or in any other jurisdiction.

Explanation:

According to the KRS 335.360, A person whose license has been revoked is eligible to apply for reinstatement after 05 years.

Select the correct answer for the question.1. The government-wide financial statements use thea. Economic resources measurement focus and the accrual basis of accounting.b. Current financial resources measurement focus and the accrual basis of accounting.c. Economic resources measurement focus and the modified accrual basis of accounting.d. Current financial resources measurement focus and the modified accrual basis of accounting.

Answers

Answer:

a. Economic resources measurement focus and the accrual basis of accounting.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

The government-wide financial statements use the economic resources measurement focus and the accrual basis of accounting. Financial experts or accountant uses either the cash basis or accrual basis of accounting.

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.

How taII is Hypious The best fn Competitive Player

Answers

Answer:

Hypious is 6'5

Explanation:

hes a fully tatted 6'5 millionaire

What is a government in regulatory bodies?

Answers

Answer:

A regulatory body also called regulatory agency is a public authority or a government agency which is accountable for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

Explanation:

You and your design group are competing for a multidisciplinary concept project. Your firm is the lead group in the design professional consortium formed to compete for the project. Your consortium has been selected to be the first to enter fee negotiations with the project owner. During negotiations, the amount you have to cut from your fee to be awarded the contract will require dropping one of the consortium members whose staff has special capabilities not found in the staff of the remaining consortium members. Is your consortium response in the negotiations ethical

Answers

Answer: No, not if the owner is left with the impression that the consortium is still fully qualified to perform all the required tasks

Explanation:

The purpose of a team is to work together, when the lead person is not involved the team may not be able to coordinate themselves to carry on with the task. Considering the project, dropping one of the consortium member with the best skill would be a turn off for the deal. For the team to do well, they need each other, especially the lead or most skillful, not including this in the deal is a loss already

Nicole makes $2,000 per month. Each month, she spends $400 on credit card payments, $100 on a store credit, and $350 on an auto loan. Does she have excessive debt?


Yes, because her debt-to-income ratio is 42.5 percent.

No, because her debt-to-income ratio is 25 percent.

No, because her debt-to-income ratio is 42.5 percent.

Yes, because her debt-to-income ratio is 25 percent.

Answers

Answer:

Yes, because her debt-to-income ratio is 42.5 percent.

Other Questions
How does a bill passed by Congress become law? A) It is ratified by each state. B) It is ratified by a popular vote of all citizens. C) The Supreme Court judges that it is a good law. D) The president signs it. Always swim with a _____, no matter where you areA.PartnerB.bikiniC.floatation deviceD.hair capHelp ASAP! IN SPANISH- Give 10 Familiar commands using 5 positive and 5 negative commands in spanish to a friend who wants to become a technology engineer. How is the Federal Reserve System organized? Define monetary policy. Super Clinics offers one service that has the following annual cost and utilization estimates: Variable cost per visit $ 10 Annual direct fixed costs $50,000 Allocation of overhead costs $20,000 Expected utilization 1,000 visits What price per visit must be set if the clinic wants to make an annual profit of $10,000 on the service? A. $ 70 B. $ 80 C. $ 90 D. $100 E. $110 Which of the following expressions is not equal to X^3? A. X^5 . X^-4 .X^2B. X^-2 .X^9 .x^-4C.x^0 . x^10 . x^-7D. x. x^7 . x^-4 Jamal works at the recreation center 40 hours a week during the school year. He earns $8.75 an hour for 8 hours a day. Bi-weekly, he works 80 hours. Calculate his bi-weekly taxes below. What is the term that describes waves that require a medium through which to travel? solve: 2(3) cosA= sinA I number line from -5 to 5 with the plot of -3 and so on i dont want links In addition to agricultural/farming products, what other important natural resources are found in Canadas western plains region? Please Help me with Question 14 and 15 Use the following information to answer this question. Kim decides to quit her old job that paid $1,000 a month to open a flower shop in downtown Lexington. Suppose she opens her shop in a building she owns, which she could be renting out to someone else for $1,000 a month. In addition, A to Z Rental required her to sign a one year lease on the coolers needed for her shop and the rent is $200 a month. Hiring three assistants costs her $1,800 a month. Finally, the flowers, vases and other material needed for making flower arrangements average $5,000 a month.Kims long run fixed costs are:$ __________ per month State three consequences of students accumulating tuition debt during their period of study Lupe can ride her bike at a rate of 20 mph when there is no wind. On one particular day, she rode 2 miles against the wind and noticed that it took her the same amount of time as it did to ride 3 miles with the wind. How fast was the wind blowing that day?4 mph7 mph10 mph12 mph Please answer correctly !!!! Will mark Brianliest !!!!!!!!!!!!!! Alguien tiene el libro de mi Esposa Pecadora by Sixteen Child? Alguien me lo pase, por favor. Gracias de antemano. Puede ser por correo o como deseen Please help, i will mark you brainliest! Suppose that you are running a business, and you need some extra space for one year. Your bank offers you a loan of $200,000 at 0% interest. You consider borrowing this amount to buy the building, use it for one year, and then sell the building to pay back the loan. Unfortunately, the economy in which you are operating is experiencing deflation at the rate of 10% per year. After one year, you should be able to sell the building for____. Suppose that owning the building for a year would earn you $12,000. To decide whether you will be better off by owning it for one year and then selling it, you seek advice from three different people: (1) Your brother says that you should not buy the building because in one year it will cost you $200,000. (2) Your accountant says that you should definitely buy the building because you can borrow $200,000 at zero interest while the building will generate $12,000 in extra income. Then when you sell it, you will be $12,000 richer. (3) Your bookkeeper says that if you sell the building in a year, you will have to come up with more money to pay off the loan than you will make in extra income.Keeping in mind that the economy experiences deflation at the rate of 10%, who is right? A. Your bookkeeper is right, because the extra income you will earn will be less than the cost of owning the building for the year. B. Your brother is correct, because when the nominal interest rate is zero, the cost of a building is its full purchase price. C. Your accountant is right, because when the nominal interest rate is zero, you do not incur any cost when you take out a loan. Now, suppose you inherited $200,000 in cash from your uncle who had kept it hidden in his mattress. Assuming the nominal interest rate is -1%, which of the following options will maximize the amount of cash that you have in one year? A. Holding onto your $200,000 in cash.B. Buying the building, because you can earn an additional $12,000 in income if you own the building for one year and then sell it.C. Depositing the cash in the bank, because the 10% rate of deflation makes the value of your dollars fall even more rapidly than 1% per year.A high real interest rate will keep firms from borrowing to finance investment in capital, but it will not keep firms with cash from investing in capital. A. False B. True Entitlement ( OWN Definition)