Croissants Corporation and Donuts Company transfer their assets to Edibles Inc., which manages the assets and distributes the profits to Croissants and Donuts. This arrangement is a. none of the choices. b. a joint venture. c. a syndicate. d. a business trust.

Answers

Answer 1

Answer:

Edibles Inc.

This arrangement whereby Croissants Corporation and Donuts Company transfer their assets to Edibles Inc. is called:

d. a business trust.

Explanation:

Edibles Inc., as a trustee, carries out business transactions on behalf of Croissants Corporation and Donuts Company, who are regarded as the trust's members (or beneficiaries).  It is a formal structure that safeguards an entity's assets against creditors and ensures that the business is professionally run in line with accepted practices.


Related Questions

Adjust the percentages of Chris investments to make his portfolio one with potential high growth

Answers

Answer:

Savings account:10%

Stock:58%

Mutual fund :10%

22% bond

Explanation: I hope this helps :), I also got it right! ;)

A portfolio with high growth can be made by the Chris by allocating the given percentages in respect of those investments which provide higher returns. The allocations would be an investment in stock is 50%, in a mutual fund is 35%, in bonds is 10% and saving accounts is 5%.

What is an investment?

Investment is a situation where a company or an individual acquires stocks, bonds, etc., or any other asset which provides them returns in the future.

While making a high-growth investment portfolio, Chris should focus on those investments which provide him with larger returns. But in order to get the returns, he should be ready to bear the risk also. The provided investments in relation to stock and mutual funds are risky investments but provide higher returns whereas the bonds and saving accounts are less risky and provide lesser returns.

Therefore, Chris has to invest in stocks and mutual funds where he gets maximum returns with a higher risk in a high-growth investment portfolio.

Learn more about the investment  in the related link:

https://brainly.com/question/14725780

#SPJ2

An actuary is a person who assesses various forms of risk. Based on past data, the holder of an automobile insurance policy pays an insurance premium of $1200 and has a 5% chance of an accident causing $1000 of damage, a 2% chance of $5000 damage and a 1% chance of totaling the car worth $25,000. The probability of the insurance holder making through the year without any accidents is 92%. Find the expected value and interpret it. Is the insurance company likely to make or lose money with this type of policy in the long run

Answers

Answer:

With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.

Explanation:

According to the given values in the question,

The expected value will be:

⇒ [tex]E(value) = Sum \ of \ (x\times P(x))[/tex]

By putting all the given values, we get

⇒                 [tex]=1000\times 0.05+5000\times 0.02+25000\times 0.01+0\times 0.92[/tex]

⇒                 [tex]=50+100+250+0[/tex]

⇒                 [tex]=400[/tex] ($)

As we can see that,

[tex]E(value)<premium[/tex]

[tex]400<1000[/tex]

Thus the above is the correct answer.

Journalize the entry for Hot Rod Service using the following data from the payroll register: Regular earnings $16,370 Overtime earnings 903 Federal income tax withheld 2,268 Social Security tax withheld 827 Medicare tax withheld 194 Pension contribution from employees 711 Health insurance premiums 807 If an amount box does not require an entry, leave it blank.

Answers

Answer: Check explanation

Explanation:

Based on the information given, the journal entry will be:

Debit Wages and Salaries $17273

Credit Employee Income Tax Payable $2268

Credit Social security tax payable $827

Credit Medicare tax payable $194

Credit Pension plan deduction payable $711

Credit Health Insurance premium payable $807

Credit Cash $12466

Note:

Wages and salaries expense is the addition of Regular Earnings and the Overtime Earnings which is:

= 16,370 + 903

= 17,273

Use solver to answer the following question: A corrupt shipping concern wishes to maximize the revenue they make from an analytics-bereft manufacturing concern, which has 4 factories and 3 warehouses. Factory 1 supplies 1000 units per week and is charged $5, $3, and $4 to ship each unit to Warehouses 1, 2, and 3 respectively. Factory 2 supplies 1200 units each week and is charged $4, $3, and $3 to ship to Warehouses 1, 2, and 3. Factory 3 supplies 1500 units and is charged $6, $2, and $5 to ship to the three warehouses. Factory 4 supplies 1800 units and is charged $6, $2, and $4. If Warehouse 1 requires 3000 units per week, Warehouse 2 demands 1000, and Warehouse 3 demands 1500, what is the maximum it would cost them in shipping to fulfill each warehouse's demand?

Answers

4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 11 11 10 10 9 9 8 8 7 7 6 6 5 5 4 4. Now read it backwards

When a company is operating at capacity and they lose revenue from regular customers by accepting a special order, the loss of revenue is an example of: An unavoidable cost A revenue cost An opportunity cost A sunk cost

Answers

Answer:

An opportunity cost

Explanation:

The opportunity cost is the cost where the loss occurs from the benefit could have been enjoyed in the case when the best alternative choice was selected Since in the question it is mentioned that the company operating at a capacity and than lose revenue from the regular customers so it is an opportunity cost

Project ____ includes identifying project tasks and estimating completion time and costs. Group of answer choices Planning. Scheduling. Monitoring and controlling. Reporting.

Answers

Answer:

Project _Planning___ includes identifying project tasks and estimating completion time and costs.

Explanation:

Project Planning is one of the five stages of project management, which starts with project initiation, planning, execution, performance monitoring, and project close.  Project scheduling is an activity carried out within project planning.  After a project is executed, its performance needs to be monitored, controlled, and finally reported to the project owners to bring it to a successful close.

A middleman is Multiple Choice a person or firm whose sole responsibility is bringing a buyer to the last link in the distribution chain. a person or firm whose sole responsibility is to find distributors for a manufacturer's products. any intermediary between a manufacturer and end-user markets. a person or firm that takes possession of a product and in some way alters it before passing it on to ultimate consumers. an intermediary that sells to ultimate consumers.

Answers

Answer:

would you still like me to help you with this question

Doug Stamper just received an insurance settlement offer related to an accident he had several years ago. The offer gives Stamper a choice of one of the following three offers (payments are at the end of the period):

Option A: $2,000 per month for 84 months
Option B: $1,100 per month for 15 years
Option C: $125,000 lump sum today

Stamper can earn 6 percent on his investments. He does not care if he personally receives the funds or if they are paid to his heirs should he die within the settlement period. Which one of the following statements is CORRECT given this information?

a. Option B is the best choice because you will receive the most payments.
b. Option A is the best choice because it has the largest present value.
c. Option A is the best choice as it provides the largest monthly payment.
d. Option C is the best choice because it has the largest present value.
e. Option B is the best choice because it pays the largest total amount.

Answers

Answer:

Doug Stamper

The CORRECT statement is:

b. Option A is the best choice because it has the largest present value.

Explanation:

a) Data and Calculations:

Option A: $2,000 per month for 84 months is worth PV = $136,906.08:

N (# of periods)  84

I/Y (Interest per year)  6

PMT (Periodic Payment)  2000

FV (Future Value)  0

 

Results

PV = $136,906.08

Sum of all periodic payments $168,000.00

Total Interest $31,093.92

Option B: $1,100 per month for 15 years is worth PV = $130,353.87:

N (# of periods)  180

I/Y (Interest per year)  6

PMT (Periodic Payment)  1100

FV (Future Value)  0

Results

PV = $130,353.87

Sum of all periodic payments $198,000.00

Total Interest $67,646.13

Option C: $125,000 lump sum today is equal to PV.

Successfulness of the competition policy in South Africa​

Answers

Answer:

Five examples that support successfulness of the competition policy of South Africa are: 1) The product choices along with its competitive prices were provided to the consumers. 2) Practices such as horizontal collusion and resale price maintenance was declared unlawful in 1984.

Explanation:

Sheridan Company used high-low data from June and July to determine its variable cost of $12 per unit. Additional information follows: Month Units produced Total costs June 2300 $37600 July 600 17200 If Sheridan’s produces 2900 units in August, how much is its total cost expected to be?

Answers

Answer:

See below

Explanation:

June 37,600 - 2,300 = 35,300

July 17,200 - 600 = 16,600

under FINRA rules, numbered accounts are: A prohibited B permitted with the prior approval of FINRA C permitted if the firm maintains a written statement of the customer attesting to ownership D permitted without any additional supporting documentation

Answers

Answer:

C permitted if the firm maintains a written statement of the customer attesting to ownership

Explanation:

FINRA can be regarded as body which carry out regulation of trading in corporate bonds, as well in equities, and securities futures. All firms that deals with securities are

usually member of FINRA.One of FINRA requirements is that

maintaining an accounts should be in

customer name a numbered account can be maintained in case the firm leave a written statement by the customer in a file which attest to ownership.It should be noted that under FINRA rules, numbered accounts are permitted if the firm maintains a written statement of the customer attesting to ownership.

If a loan is made at an interest rate higher than that allowed by state law, the lender is guilty of _______, which is defined as charging interest higher than the law permits.

Answers

Answer:

Usury.

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

However, if a loan is given to a borrower at an interest rate higher than that allowed by an established state law, the lender is said to be guilty of usury, which typically involves the act of charging interest higher than the law permits.

Kelso Electric is debating between a leveraged and an unleveraged capital structure. The all equity capital structure would consist of 40,000 shares of stock. The levered capital structure would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. What is the break-even level of earnings before interest and taxes between these two options

Answers

Answer:

$52,267

Explanation:

Calculation to determine the break-even level of earnings before interest and taxes between these two options

EBIT/40,000 = [EBIT- ($280,000 ×0.07)]/25,000

EBIT/40,000 = [EBIT - ($19,600)]/25,000

Cross multiply

25,000EBIT=40,000(EBIT-19,600)

25,000EBIT=40,000EBIT-784,000,000

EBIT = $52,267

Therefore the break-even level of earnings before interest and taxes between these two options is $52,267

If the cost of the beginning work in process inventory is $70,400, costs of goods manufactured is $955,000, direct materials cost is $343,000, direct labor cost is $223,000, and overhead cost is $328,000, calculate the ending work in process inventory.

Answers

Answer:

Ending WIP= $9,400

Explanation:

Giving the following information:

beginning work in process inventory is $70,400

Costs of goods manufactured are $955,000

Direct materials cost is $343,000

Direct labor cost is $223,000

Overhead cost is $328,000

To calculate the ending work in process, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

955,000= 70,400 + 343,000 + 223,000 + 328,000 - Ending WIP

Ending WIP= $9,400

Hide or show questions Progress:10/40 items Roman Industries' plant operates five days per week with a daily payroll of $6,000. Employees are paid every Saturday for the workweek just completed (Monday through Friday). The last day of the month is Wednesday, March 31. What is the amount of Wages Expense recorded on the next payday, Saturday, April 3

Answers

Answer:

$12,000

Explanation:

Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3

Wages Expense =$6,000*2days

Wages Expense = $12,000

Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 will be $12,000

Identify supply chain of your school?​

Answers

Answer:Within the supply chain discipline itself, students need to learn the foundational concepts of management science and cover topics such as sourcing, selling, logistics, inventory control, quality management, and product management.

Explanation:

The sales tax in Massachusetts is 5%. Joanne bought a wood stove with a sales tax of $15. What was the cost of the wood stove before tax

Answers

Answer:

$315

Explanation:

The before-tax cost of the wood stove would comprise of 100% sales price plus 5% sales tax as hinted.

If 5%=$15=sales tax

before-tax sales price=100% sales price+5% sales tax

before-tax sales price=105%

sales tax of 5%=$15

1%=$15/5

1%=$3

105%=$3*105

105%(before tax sales price)=$315

The treasurer for Rahm Corp. was preparing a bank reconciliation as of September 30, 2017. The following items were identified: Rahm's book balance $32,800 Deposits in transit 4,300 Outstanding checks 2,200 Interest earned on checking account 100 Customer's NSF check returned by the bank 400 Rahm Corp.'s adjusted cash balance at September 30, 2017 is

Answers

Answer:

$32,500

Explanation:

The items that appear on the Bank Statement and not on the Cash Book are used to update the Cash Book Balance.

Rahm Corp

Cash Book

Debit :

Balance before adjustment             $32,800

Interest earned                                       $100

Total                                                  $32,900

Credit :

Dishonored check                                $400

Balance (adjusted)                          $32,500

Total                                                 $32,900

Therefore,

Rahm Corp.'s adjusted cash balance at September 30, 2017 is $32,500

Given the following values of economic aggregates as a percentage of GNP in the U.S. Find the current account balance and the financial (capital) account balance assuming that statistical discrepancy is zero.

Unilateral Transfers = - 1.5%
Exports = 2.2%
Imports = 4.3%
Investment = 16%
Taxes = 12%
Government Exp. =. 17%
Private Saving. = 12%

Answers

hiiiiiiiiiiiiiiiiiii

Cost-volume-profit [CVP] analysis is a widely-used, basic business model. Discuss the underlying assumptions made in the application of the model and whether or not these limit the usefulness of the model. Would you rely on the model

Answers

Answer:

Cost-volume-profit [CVP] Analysis

The cost-volume-profit analysis model assumes that the total fixed cost, the variable cost per unit, and the selling price per unit remain constant within the relevant range.

It is very difficult for a company to remain in the relevant range, where the assumptions will be obtained.  Market forces, including the dynamics of competition change the underlying assumptions.  For example, a company may become more efficient in its operations, thereby reducing its variable cost per unit.  The total fixed cost may also change when the company increases its activity levels.

However, these limitations do not make the model less useful.  It can be relied on to make short-run profit and pricing decisions.

Explanation:

The management of a business finds the CVP model useful in making important management decisions, especially decisions that relate to budgeting of production and sales, cost control, and profit planning.  Management uses the CVP model to determine the break-even point in both units and sales dollars.  Overall, management relies on the model to select its competitive products.

The annual financial statements of a publicly held company has been auditied, and its interim financial statements have been reviewed. Which of the following is true about the applicaiton of professional standards to thie reiview?

a. Statements on Standards for Accounting and Review Services apply.
b. Both PCAOB standards and SSARS apply.
c. None of the above.
d. PCAOB standards apply

Answers

Answer: D. PCAOB standards apply

Explanation:

Based on the information given in the question, the statement that is true about the applicaiton of professional standards to thie review is that PCAOB standards apply.

The United States Public Company Accounting Oversight Board (PCAOB) simply refers to a a private sector, non-profit corporation, which was created by Sarbanes-Oxley Act of 2002, in order to oversee auditors in public companies so that the interests of investors can be protected and there can be a fair and informative audit reports.

Newhard Company assigns overhead cost to jobs on the basis of 118% of direct labor cost. The job cost sheet for Job 313 includes $17,870 in direct materials cost and $11,000 in direct labor cost. A total of 1,550 units were produced in Job 313.

Required:
What is the total manufacturing cost assigned to Job 313? What is the unit product cost for Job 313?

Answers

Answer:

A. Manufacturing costs =$41,850

B. Unitary cost = $27

Explanation:

Given the following information,

Newhard company assigns overhead costs to jobs based on 118% of direct labor cost

The Job cost sheet for job 313 includes $17,870 in direct materials cost and $11,000 in direct labor cost

A. Manufacturing costs = Direct materials + Direct labor + Manufacturing overhead

= $17,870 + $11,000 + ($11,000 × 1.18%))

= $17,870 + $11,000 + $12,980

= $41,850

B. Unitary cost = $41,850 / 1,550

Unitary cost = $27

Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 318000 $494000 Purchases 1240000 1720000 Freight-in 23000 — Employee discounts — 8500 Net markups — 66000 Net markdowns — 86000 Sales revenue — 1620000 If the ending inventory is to be valued at approximately lower of average cost or market, the calculation of the cost ratio should be based on cost and retail of

Answers

Answer:

Sunland Co.

The calculation of the cost ratio should be based on cost and retail of $1,581,000 and $2,288,500 respectively.

Explanation:

a) Data and Calculations:

                                                 Cost            Retail      Cost to Retail Ratio

Beginning inventory           $ 318,000      $494,000

Purchases                           1,240,000      1,720,000

Freight-in                                23,000             —

Employee discounts                     —               8,500

Net markups                                 —             66,000

Goods available for sale $1,581,000    $2,288,500      69.08%

Less:

Net markdowns                           —              86,000

Sales revenue                              —         1,620,000

Estimated ending Inventory at retail      $582,500

Estimated ending Inventory

at cost                              $402,391 ($582,500 * 69.08%)

Calculation of the cost ratio = $1,581,000/$2,288,500 * 100 = 69.08%

ABC Company sales last year were 454, 000 , and its yearend total assets were 798000. The average in the industry has a total assets tumover ratio of 7 ABCCompany's new CFO believes the has excess assets that can be sold so as to bring the down total assets turnover ratio to the industry average without affecting sales By how much must the assets be reduced to bring the total assets tumover ratio to the industry average holding sales constant? Note: In writing your answer, using the comma In separating the digits, and round your answer to the nearest dollar. Answer?

Answers

Answer:

ABC Company

The assets must be reduced by $733,000 to bring the total assets turnover ratio to the industry average, while holding sales constant.

Explanation:

a) Data and Calculations:

Last year's sales = $454,000

Year end total assets = $798,000

Industry average total assets turnover ratio = 7

ABC's total assets are supposed to be $65,000 ($454,000/7)

The assets must be reduced by $733,000 ($798,000 - $65,000)

b) With the reduction of assets to $65,000, the assets turnover ratio of ABC Company will be equal to 7 ($454,000/$65,000).

Consider the following case:
Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000, and total current liabilities of $25,550. The company reported annual cost of goods sold of $100,000 in the most recent annual report.
Over the past year, how often did Polk Software Inc. sell and replace its inventory?
a. 2.86 x.
b. 4.57 x.
c. 5.03 x.
d. 8.01 x.
The inventory turnover ratio across companies in the software industry is 3.89x. Based on this information, which of the following statements is true for Polk Software Inc.?
A. Polk Software Inc. is holding more inventory per dollar of sales compared to the industry average.
B. Polk Software Inc. is holding less inventory per dollar of sales compared to the industry average.
You are analyzing two companies that manufacture electronic toys-Like Games Inc. and Our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, both companies have an equal market share with sales of $100,000 each. You've collected company data to compare Like Games and Our Play. Last year, the average sales for all industry competitors was $255,000. As an analyst, you want to make comments on the expected performance of these two companies in the coming year. You've collected data from the companies' financial statements. This information is listed as follows:
Data Collected (in dollars)
Like Games Our Play Industry Average
Accounts receivable 2,700 3,900 3,850
Net fixed assets 55,000 80,000 216,750
Total assets 95,000 125,000 234,600
Using this information, complete the following statements to include in your analysis.
1. Our Play has__days of sales tied up in receivables, which is much___ than the industry average. It takes Our Play___time to collect cash from its customers than it takes Like Games.
2. Like Games's fixed assets turnover ratio is___than that of Our Play. This is because Like Games was formed eight years ago, so the acquisition cost of its fixed assets is recorded at historic values when the company bought its assets and has been depreciated since then. Assuming that fixed assets prices (not book values) rose over the past six years due to inflation, Our Play paid a___amount for its fixed assets.
3. The average total assets turnover in the electronic toys industry is 1.09x, which means that $1.09 of sales is being generated with every dollar of investment in assets. A___total assets turnover ratio indicates greater efficiency. Both companies' total assets turnover ratios are___than the industry average.

Answers

Answer:

Polk Software Inc.

Over the past year, Polk Software Inc. sold and replaced its inventory?

b. 4.57 x.

Based on this information, the true statement about Polk Software Inc. is:

B. Polk Software Inc. is holding less inventory per dollar of sales compared to the industry average.

Like Games Inc. and Our Play Inc. Like Games:

1. Our Play has_14_days of sales tied up in receivables, which is much_8__ than the industry average. It takes Our Play_1.4__times to collect cash from its customers than it takes Like Games.

2.Like Games's fixed assets turnover ratio is_0.57__than that of Our Play. This is because Like Games was formed eight years ago, so the acquisition cost of its fixed assets is recorded at historic values when the company bought its assets and has been depreciated since then. Assuming that fixed assets prices (not book values) rose over the past six years due to inflation, Our Play paid a_less__amount for its fixed assets.

3. The average total assets turnover in the electronic toys industry is 1.09x, which means that $1.09 of sales is being generated with every dollar of investment in assets. A_more__total assets turnover ratio indicates greater efficiency. Both companies' total assets turnover ratios are_more__than the industry average.

Explanation:

a) Data and Calculations:

Quick ratio = 2.00x

Cash = $32,850

Accounts receivable = $18,250

Current assets = $73,000

Inventory = $21,900 ($73,000 - $32,850 + $18,250)

Current liabilities = $25,550

Cost of goods sold = $100,000

How often Polk Software Inc. sold and replaced its inventory =  (Cost of goods sold/Average Inventory)

= 4.57 x ($100,000/$21,900)

Industry turnover ratio = 3.89x

Like Games Inc. and Our Play Inc. Like Games:

Sales for each firm last year = $100,000

Average sales for all industry competitors = $255,000

Information from the companies' financial statements:

Data Collected (in dollars)

                               Like Games   Our Play    Industry Average

Accounts receivable  2,700           3,900             3,850

Net fixed assets      55,000         80,000         216,750

Total assets             95,000       125,000        234,600

Days sales in inventory = Average accounts receivable/Sales * 365

For Our Play = $3,900/$100,000 * 365

= 14.235 days

Like Games = $2,700/$100,000 * 365

= 9.855 days

For the Industry = $3,850/$255,000 * 365

= 5.51 days

Fixed assets turnover:

                               Like Games   Our Play    Industry Average

Sales                        $100,000     $100,000      $255,000

Net fixed assets         55,000         80,000          216,750

= Sales/Net fixed assets 1.82             1.25               1.18

=              $100,000/55,000  $100,000/$80,000   $255,000/$216,750

                         

Waterway Industries is preparing its direct labor budget for May. Projections for the month are that 30600 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $18, what is the total budgeted direct labor cost for May?

Answers

Answer:

$1,652,400

Explanation:

Given that;

Projections for the month = 30,600 units

Direct labor time = 3 hours per unit

Labor cost per hour = $18

Then, Total budgeted direct labor cost for May would be;

= Projections for the month × Direct labor time × labor cost per hour

= 30,600 × 3 × $18

= $1,652,400

John and Lisa form a partnership to operate a restaurant. Lisa signs a two-year lease on a space for the restaurant without consulting John. Under the legal concept of ________, John and the partnership are responsible for this lease, although it was only signed by Lisa. ANSWER Unselected unlimited liability Unselected mutual agency Unselected limited life Unselected capital accounting Unselected I DON'T KNOW YET submit

Answers

Answer:

John and Lisa form a partnership to operate a restaurant. Lisa signs a two-year lease on a space for the restaurant without consulting John. Under the legal concept of ________, John and the partnership are responsible for this lease, although it was only signed by Lisa.

unlimited liability

Explanation:

The concept of unlimited liability means that business owners are held personally liable for any debt their business might incur.  This concept suggests that all involved business partners and the partnership itself are accountable for the full settlement of the debt, including the use of their personal assets when the assets of the partnership are not sufficient.

There will be a lower equilibrium price and quantity if
O demand increases and supply increases
o demand increases and supply decreases
O demand decreases and supply stays the same
O none of the above

Answers

Answer: demand decreases and supply stays the same

Explanation:

The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.

On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.

It should be noted that there will be a lower equilibrium price and quantity if

In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.

Holt Industries received a $2,000 prepayment from the Ramirez Company for the sale of new office furniture. Holt will bill Ramirez an additional $3,000 upon delivery of the furniture to Ramirez. Upon receipt of the $2,000 prepayment, how much should Holt recognize for a contract asset, a contract liability, and accounts receivable?

Answers

Answer and Explanation:

The computation of the contract asset, a contract liability, and accounts receivable is shown below:

The contract asset is zero as it is not satisfied with the performance obligation

The current liability is $2,000 as it denotes the deferred revenue of $2,000 so this represent the contract liability

And, the account receivable is zero as it does not have the account receivable till the delivery of the furniture

in this way it should be recorded

Outline a research design using observation for each of the following situations:

a. A bank wishes to collect data on the number of customer services and the frequency of customer use of these services.
b. A state government wishes to determine the driving public's use of seat belts.
c. A researcher wishes to know how many women have been featured on Time covers over the years.
d. A human resource manager wants to know what salaries their key competitors are offering for some common positions.
e. A fast-food restaurant manger wishes to determine if they serve their customers as quickly as their competitors.
f. A magazine publisher wishes to determine exactly what people look at and what they pass over while reading one of its magazines.
g. An overnight package delivery service wishes to observe delivery workers beginning at the moment when they stop the truck, continuing through the delivery of the package, and ending when they return to the truck.

Answers

Explanation:

a) A bank wishes to collect data on the number of customer services and the frequency of customer use of these services.

Explanation:

a. A bank wishes to collect data on the number of customer services and the frequency of customer use of these services

Other Questions
8(2n - 5) = 3(6n - 2) what is 5+5 please tell me Why were Northerners upset about the Dred Scott decision? It upheld the Missouri Compromise. It said that slavery could become legal everywhere. It stated that only Congress could ban slavery. It reinforced the Fugitive Slave Act. Evaluate 3x^2 if x = 6What is the answer And the last part Xxxxxxx (8 pts.) Air in an Otto cycle engine is compressed to a temperature and pressure of 450 C and 2.5 MPa. After the power stroke, the conditions are 600 C and 0.45 MPa. Find the peak cycle temperature (C), heat addition (kJ/kg), and efficiency In what way did Africans protest colonial rule in the years after world war 1 Find the values of x and y in the picture. Express answers in simplest radical form. (square root form) Joy is making hand-painted ornaments for her family this year. Yesterday, she made 2 ornaments in 6 hours. This weekend, she plans to spend a total of 15 hours making ornaments.If Joy works at the same rate, how many ornaments will she make this weekend? your best childhood memory A shirt requires 3/4 of a yard of material. How many shirts can be made from 18 yards of material? if the author added more to the end of this passage, it would MOSTLIKELYteach readers about more portrait conventions.describe how color affects the mood of painting.convince readers to take portrait painting classes.USATEST PREP Convert the following angle from degrees to radians. Express your answer in simplest form. 120 What are the first words Scout says to Arthur Radley when she sees him in the house? to kill a mockingbird The diameter of Jacob's circular tabletop is 6 feet. What is the area, in square feet, of Jacob's tabletop? A 6 B. 9 . 12 D 36 how do the biosphere and geosphere interact? give an example plwjahajsjwjjee helppppp!! Read the excerpt from "Mami and Papi."Termites! she gasped.I was covered with them. They swarmed inside my shirt and panties, into my hair, under my arms. Until Mami saw them, I hadnt felt them sting. But they bit ridges into my skin that itched and hurt at the same time. Mami ran me to the washtub and dunked me among my fathers soaking shirts.Pablo! she called, Oh, my God! Look at her. Shes being eaten alive!I screamed, imagining my skin disappearing in chunks into the invisible mouths of hundreds of tiny black specks creeping into parts of my body I couldnt even reach. Mami pulled off my clothes and threw them on the ground. The soap in the washtub burned my skin, and Mami scrubbed me so hard her fingernails dug angry furrows into my arms and legs. She turned me around to wash my back, and I almost fell out of the tub.Which type of conflict is demonstrated in this excerpt?individual vs. individualindividual vs. natureindividual vs. societyindividual vs. self The variables x, y, and z vary jointly.1. If x = 4, y = 3, and z = 24, what is the constant of variation, k?2. Now find z when x = -3 and y = 4.k=When x = -3 and y = 4, z = Guys, A little help here pls? lolBasically uhhh Im not really sure what unit rate is yet and its kinda a new lesson we're learning-