Gold Corp. sells office furniture. In 2020, it sold 200 desks for $500 each. For each desk sold, Gold Corp. distributed a 50% discount coupon for purchase of an office chair valid for two months. Based on historical experience, Gold Corp. expects that approximately 20% of the coupons will be utilized. The chairs purchased with the coupons are priced at $150 and normally discounted 10%. What would be the stand-alone sales price used by Gold Corp. for the coupon when allocating the $500 transaction price to the performance obligations

Answers

Answer 1

Answer:

Gold Corp.

The stand-alone sales price is $135

Explanation:

a) Data and Calculations:

Selling price of desks = $500 per unit

Selling price of chairs = $150 per unit

Combined price of desks and chairs = $650

50% discount coupon on chairs = $75 (50% * $150)

Normal discount price of chairs = $135 ($150 * 90%)

Combined price of desks and discounted chair = $575 ($500 + $75)

Allocation of transaction price:

Desk = $575 * $500/$635 = $452.76

Chair = $575 * $135/$635 =  $122.24

Total                                     = $575


Related Questions

Business forms that have unlimited personal liability include

Answers

Answer:

sole proprietorship and partnership

Explanation:

They both have unlimited personal liability

The cloud runs application software true or false

Answers

Answer:The answer is FALSE

Explanation:

Because the Cloud stores information and data it doesn't run anything

False because it is

When can setting a savings goal help you?

Answers

Answer: it can really help you at anytime because it will help you get to your goal faster like lets say you get 10 dollars a day but you need to buy food instead of yusing all your money on food you can set aside 5 dollars into your savings to get closer to your goal

Explanation: hi

Hershberger's Farms plans to mix two types of food to make a mix of low cost feed for the animals in his farm. A bag of food costs $10 and contains 40 units of protein, 20 units of minerals and 10 units of vitamins. A bag of food B costs $12 and contains 30 units of proteins, 20 units of minerals and 30 units of vitamins. Daily minimum requirements consist of 150 units of proteins, 90 units of minerals and 60 units of vitamins.
a. Based on the lowest possible cost, how many bags of food A and food B should be consumed by the animals each day?
b. What is the overall cost? $46.50
c. Was there any unused resources?

Answers

Answer:

Following are the  responses to the given choices:

Explanation:

For point a:

It is possible to say that as the material unit in either bag are same, the minimum bag number is 90 /20 = 4.5

rounded off=Minimum 5 bags

They will try to use all of these bags as the cost of bag A is poor.

When we have five bags of protein A, therefore the vitamin requirements were n’t fulfilled.

Currently, using 4 bags of A and 1 B bag, protein, vitamin and mineral obligations are fulfilled. They all are met.

Therefore, 4 food bags A and 1 food bag B need to be consumed due to the lowest cost.

For point b:

Cost total:

\(=( 4 \times 10 ) + ( 1 \times 12)\\\\=40 +12\\\\= \$52\)

For point c:

The following are unused resources:

\(\text{Protein = Bag A + Bag B - Consumption}\\\\= 160 + 30 - 150\\\\=190-150\\\\= 40\\\\Minerals = 10 \\\\vitamins = 10\)


Linda has a credit card with a balance of $600.00. The APR on her credit card is 18%. Her minimum payment is
$20.00. If Linda stops using her credit card, how long will it take (in months) to pay off the $600.00 if she makes
only the minimum payment?

Answers

It would take her 41 months if she chooses to make minimum payments with an added interest of $203.08.

50 POINTS!
I need help with putting my two weeks in….
Need to sound professional!
I am currently an intern at a construction office job. I want to say that I have decided to go to esthetician school but appreciate being able to work here as a intern and learn a lot of things these last 6 months.
Thank you!!

Answers

Here's an example of how you could write a professional resignation letter:

Dear [Manager's Name],

I am writing to formally submit my resignation from my position as an intern at [Construction Office Job] effective [Two Weeks from Today's Date]. I have decided to pursue my passion for esthetics and will be enrolling in an esthetician school to further my education and career.

I want to express my sincere appreciation for the opportunity to work with and learn from such a dedicated team of professionals at [Construction Office Job]. During my six months here, I have gained invaluable experience in [list some specific skills or projects you worked on]. I will carry these lessons with me as I continue to grow in my professional development.

Please let me know if there is anything I can do to ensure a smooth transition during the next two weeks. I am committed to making sure my responsibilities are handed over in a timely and efficient manner.

Thank you again for the support, guidance, and encouragement you have provided me during my time at [Construction Office Job].

Sincerely,

[Your Name]

____ is the production of goods or services within an economy and can include anything from farming, to furniture making, to healthcare services.

Answers

Answer:

I believe it's a market economy.

Explanation:

The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.

Answers

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?

Answers

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \(\frac{p-c}{p-v}\) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\(\sqrt{n}\) = 400

A preparation outline is used to help organize the speaker's thoughts, ideas, and information. What is the purpose of a presentation outline? Question 14 options:

a. A presentation outline is used to provide copies of the speech to each member of the audience.

b. A presentation outline is used to present only the key points of a speech.



c. A presentation outline helps the speaker remember what to say during his or her speech.



d. A presentation outline is used to explore different patterns of organization.

Answers

The purpose of a presentation outline is to help the speaker organize and structure their speech in a clear and logical manner.The outline can also be used to help the speaker remember what they want to say during the presentation, allowing them to focus on delivering the content effectively without worrying about forgetting important details. The correct option is c.

The outline provides a framework for the content that will be presented, ensuring that all important points are covered and that the content is loaded with relevant information.  Additionally, a presentation outline can be helpful for the audience as well, providing them with a clear roadmap of what to expect during the presentation and allowing them to follow along with ease.

While it may not be necessary to provide copies of the outline to each member of the audience, having a clear and organized presentation can make a big difference in how well the content is received and understood. Overall, a well-prepared presentation outline is an important tool for any speaker looking to deliver a successful and engaging presentation. The correct option is c.

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a _____ attempts to gain access to a system for malicious purposes without the owner's consent.

Answers

Answer:

A black hat hacker

Answer: Black hat hacker

Explanation:

How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?

Answers

It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.

CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.

As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.

It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.

This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.

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an employer must verify a prospective worker's identity and eligibility for employment in the united states and abroad.

Answers

True. An employer must verify a prospective worker's identity and eligibility for employment in the United States and abroad.

This is typically done through the completion of Form I-9, Employment Eligibility Verification. This form requires employers to verify the identity and employment eligibility of individuals hired for employment in the United States.

In addition to completing Form I-9, employers may also need to verify the identity and employment eligibility of foreign nationals who will be working in the United States, either through the completion of additional forms or through the use of an electronic verification system.

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Bosworth et al. (2007) state that high quality strategic workforce planning can reduce staff wastage, as well as having other important benefits. Drawing on Mintzberg’s theory of strategic planning process, discuss the validity of this statement.

Answers

The statement that high-quality strategic workforce planning can reduce staff wastage and bring other important benefits is valid.

How does Mintzberg's theory of strategic planning process support the validity of this statement?

According to Mintzberg, strategic planning should not be a rigid, top-down process but rather a flexible and dynamic approach that involves continuous learning and adaptation.

Strategic workforce planning when aligned with Mintzberg's theory, enables organizations to identify and anticipate their future staffing needs, align workforce capabilities with organizational goals, and foster employee development and engagement.

By considering the evolving external and internal factors, strategic workforce planning can help organizations avoid unnecessary layoffs and ensure the right talent is available when needed.

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two ways in which best bank can adapt to the challenges of the macro environment​

Answers

Answer:

Mergers or Information Management

Explanation:

Mergers-In order to respond to certain challenges, businesses may choose to merge with another business. The new business will have a larger market share than either of the original businesses did.

Information management -All changes lead to new information that needs to be distributed to all the relevant parties.

Information must be managed efficiently and a system must be in place so that the relevant staff can easily access it.

Information must be protected and kept secure to protect the company's intellectual property.

What is the decision and reasoning of the Michael J French v. American Airlines- 2009 US dist. LEXIS 48654 (US district court Utah central division)

Answers

The court ruled in favor of American Airlines in the Michael J. French v. American Airlines case, finding that the airline had not broken the Americans with Disabilities Act by mandating that the passenger's service animal remain in a kennel throughout the flight.

An airline passenger's request for a reasonable accommodation under the Americans with Disabilities Act (ADA) was the subject of the Michael J. French v. American Airlines lawsuit in 2009. A disabled traveler named Michael J. French asked American Airlines to give him a special seat for his Golden Retriever service dog on a flight from Utah to Pennsylvania. American Airlines turned down the demand.

The case was handled in Utah's Central Division of the US District Court.

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Which measure of prices includes all of the final goods and services in a nation's
output?

Answers

The GDP deflator measure of prices includes all of the final goods and services in a nation's output.

The implicit price deflator and GDP price deflator are other names for the GDP deflator. It will make it easier to gauge how much the pricing of various commodities and services produced inside an economy have changed. This is also used by economists to compare the real level of economic activity in one economy from one year to the next.

The quantity of goods created in an economy with the use of labor, equipment, and raw materials that are available for sale in the market to customers and contribute to the creation of profit is known as output.

The main quantitative indicator of economic activity is the gross domestic product. It is a measurement of the total market value of all finished goods and services produced within a nation's borders in a given year.

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*economics*
How do changes in the discount rate affect economic behavior?
A. Raising the discount rate makes individuals less likely to borrow
money
B. Lowering the discount rate encourages banks to keep more money
in reserve.
C. Raising the discount rate prevents investors from buying treasury
securities
D. Lowering the discount rate makes businesses less likely to hire
new employees

*economics*How do changes in the discount rate affect economic behavior?A. Raising the discount rate

Answers

The changes in the discount rate affect economic behavior is Raising the discount rate makes individuals less likely to borrow money.

A reduction in the discount rate makes it cheaper for commercial banks to borrow money, which can an increase in available credit and lending work throughout the economy.

The discount rate is simply known as the interest rate charged to commercial banks and other financial institutions for short-term loans.

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows.

Conclusively, The discount rate serves as an main point of the condition of credit in an economy.

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Answer: A. Raising the discount rate makes individuals less likely to borrow money

describe the goal of organization

Answers

Answer:

They provide day-to-day operational tasks needed to run a business and that help drive scalability and business growth.

Explanation:

Hope this helps, even though I'm a little slow

Frank decides that a social media campaign is the best way for him to attract new business to Slice of Life Pizza. After Frank identifies his trategies and goals, the next step in the campaign is Multiple Choice o to identify the target audience
o to monitor and change o to experiment and engage

Answers

Frank identifies his trategies and goals, the next step in the campaign is  identify your target audience.

How do you identify strategic & goals?A company's strategic goals are the precise financial and non-financial objectives and outcomes it wants to attain over a given time frame, often the next three to five years.The fundamental strategic factors that should be taken into account when you develop a future strategy are products, services, clients, markets, money, personnel, technology, and production capacity.A strategic plan should have the following 7 fundamental components: a vision, mission, SWOT analysis, list of core values, goals, objectives, and action plans.Ranging from three to five. People don't feel overburdened with too much to accomplish when they concentrate on tasks that are between three and five. It conveys a loud and unambiguous message about what must be done right away.

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In a private enterprise economic system, the interaction of supply an demand primarily determines

Answers

it determines product prices

What are the common barriers to communication?

Answers

(The answer is )(you’re welcome)
What are the common barriers to communication?

12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.​

Answers

1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.

Debit: Accounts Payable - Office Station Co.$1,200

Credit: Cash $1,200

2. Provided services on account, $4,200.

Debit: Accounts Receivable $4,200

Credit: Service Revenue  $4,200

To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.

The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.

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The complete question is probably

Write journal entries

12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.​

12. Regarding business cycles, a boom refers to:
a) A period during which aggregate output declines.
b) The period in the business cycle from a trough up to a peak during which output, and
employment grow.
c) The period in the business cycle from a peak down to a trough during which unemployment
and inflation fall.
d) A prolonged increase in the output level.
For questions 13 and 14, consider the following labour market data for a hypothetical economy:
+16 age population at working age: 100
Number of people in the labour force: 50
Number of unemployed people: 5
Number of people informally employed: 2
13. What is the labour force participation rate?
a) 50% b) 10% c) 40% d) 60%
14. What is the rate of unemployment?
a) 50% b) 10% c) 40% d) 60%
15. Ahmet is a cashier at a supermarket. As the economy moves towards Industry 4.0, the
supermarket starts to use automated tellers. Ahmet loses his job and is now unemployed. This is
an example of:
a) cyclical unemployment b) frictional unemployment
c) structural unemployment d) non-institutional population

12. Regarding business cycles, a boom refers to:a) A period during which aggregate output declines.b)

Answers

Answer: A business cycle or boom-bust cycle refers to the alternating periods of recession and recovery. Changes in production and trade in a market economy cause these alternating periods. We often use the term together with the economic bubble.

12. The period in the business cycle from a trough up to a peak during which output, and employment grow. B

13. The labour force participation rate is 10 percent

14. The rate of unemployment is 40 percent

15. Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn. Unemployment typically rises during recessions and declines during economic expansions. Moderating cyclical unemployment during recessions is a major motivation behind the study of economics and the goal of the various policy tools that governments employ to stimulate the economy. True

Frictional unemployment: the unemployment which exists in any economy due to people being in the process of moving from one job to another. False

Structural unemployment: unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand. False

Non-institutional: False

Explanation: Hope the explanation  above was helpful

Jahar is very friendly and loves interacting with customers. He has a lot of knowledge about loans and the risks associated with them. In which Finance career does Jahar work? Business Finance Management Financial Investment Planning Insurance Services Banking and Related Services

Answers

Answer:

C

Explanation: I took the Unit Test and got it right!

Answer: C : Insurance Services

Explanation: this is on Edgenutiy unit test

Your company makes leather recliners. The leather is prepared in Mexico by a branch of your company then shipped to the US for construction. The recliners sell for $300 each. You lawyers have advised you that the leather can be valued anywhere between $80 and $120. The costs in Mexico are $60, the additional costs in the US are $100. The Mexican tax rate you face is 25%, the US rate is 35%.
a. Assuming your company has excess tax credits, what price would you set for the leather to minimize taxes? What if you have no excess tax credits? b. Now assume the US charges a 15% tariff on the leather. What price do you now want to charge? c. Would you be better off if you had a subsidiary rather than a branch in Mexico? Discuss

Answers

A tax break lessens how much personal expense and public protection commitments you owe. There is a "contribution component" and a "tax component" in tax credits. The reduction in national insurance contributions is the contribution component. The income tax cut is the tax component.

a) Because we have tax credits, the cost of the leather ought to be kept to a minimum. We will therefore maintain the $80 price. I'll raise the price of the leather to $100 if I don't get tax credits, as it currently costs $300 in the US.

b) 15% tax on cowhide sends out from mexico. Because of the increase in tariff, it has been decided that the leather will cost $115. So 115$-15%of$115=$97.75.

c) Having a subsidiary company in the United States will help me avoid paying taxes, and anything I produce in Mexico can be brought directly into my subsidiary company, thereby increasing my profits per sale.

d) The most important incentive is a large profit, which can only be achieved by selling at a maximum price of $120. Even leather priced at $120 is within reach of US consumers.

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People's incomes are limited because

Answers

individual human capital is limited.

A public franchise is a right granted Group of answer choices to one firm by another firm; for example, McDonald's Corporation grants restaurant owners a franchise to make its hamburgers. to a firm by government that prevents other firms from producing the same product or service. to a cooperative of buyers that allows the group to purchase goods at wholesale prices. by government that enables a person to engage in arbitrage.

Answers

Answer: to a firm by government that prevents other firms from producing the same product or service

Explanation:

A public franchise is a right granted to a firm by government that prevents other firms from producing the same product or service.

This is done by the government in a situation whereby the government doesn't want a competition for the firm or doesn't want other firms to sell that particular good.

For example, if a particular firm comes up with a drug that can cure HIV/AIDS, the government may grant such firm a public franchise.

Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.

Answers

If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B.  both Dale and Terrence are made better off by trade.

In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.

Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.

In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.

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Which is a benefit of being an employee paid commission?
A. You receive more paid time off than other types of pay
B. Excellent job performance is rewarded with high pay
C. The work schedule is typically weekdays 9:00am to 5:00pm
D. Commission is typically paid monthly making budgeting easier

Answers

Your commissioned employees are compensated for their contributions to the business; if they aren't generating revenue, you save on payroll expenses. This lowers the cost of training new hires or of keeping on board employees who are simply below par. Another excellent motivator is commission pay.

What is revenue?Revenue is the entire amount of money made through the sale of products or services related to a business's core operations. Revenue, also known as gross sales, is commonly referred to as the "top line" since it lies at the top of the income statement. A company's overall revenue or profit is known as income, or net income. Both revenue and profit are positive indicators for your company, but the terms shouldn't be used interchangeably. Both provide an essential means of comprehending your company. Profit is the net money left over after deducting costs from earnings, whereas revenue is the income created by business operations.In the world of business, revenue is a company's top line (total income from goods and services), whereas income is its bottom line (revenue minus the costs of doing business).

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A project plan must be designed so that the ______________ meet the criteria used to justify its selection.a. project outcomesb. project tasksc. timetablesd. warranties If the error term is homoskedastic, the F-statistic can be written in terms of the improvement in the fit of the regression. How can we measure this improvement in fit? (Check all that apply.) A. The improvement in the fit of the regression can be measured by the increase in sum of squared residuals (SSR). B. The improvement in the fit of the regression can be measured by the decrease in the regression R? C. The improvement in the fit of the regression can be measured by the increase in the regression R2 D. The improvement in the fit of the regression can be measured by the decrease in sum of squared residuals (SSR) the primary goal of the texas equal suffrage association was to:______. Drag each label to the correct location.Identify the types of clouds shown in the image.altocumulusCirrusstratushighcloudsmiddle cloudslow clouds middleclouds Please help me it's due soon:Graph the line that goes through 3x-4y=12.Please include explanation, I tried and got it wrong (-_-) Thank you! One might think that being female in a conservative religion would be oppressive. Which theoretical perspective has shown that it is possible to refashion the meaning of religious proclamations about gender in ways that benefit religious womens sense of value and personal power?. What is the value of s? Please help asap! Tyy What countries on the map were excluded from the treaty of versailles signing. Fill in the missing part of each product in order to make the equation into an identity. Think of a specific user group and an HR process, not discussed in class, that could benefit from an HRIS system. Refer back to some of the articles shared in class. 1. List the main activities, including the people/area, involved to support the process today, without technology 2. List the data point(s) involved in the process 3. Explain how an HRIS would benefit the organization UTMI Editor The Pueblo Pope led the Pueblopeople against the Spanish in what is today Which of the isoelectronic pairs you determined above has the same electron configuration?. Was Hitler's world conquest doomed from the start? Use detail and examples in your answer. help pleasee ill give brainly! Which of the following is an exact measurement A.12 apples B.1.2 kg applesC.1.255 kg applesD.1.25 kg apples The monopolist's level of output is not at the minimum point of ______, meaning it will not be productively efficient. The use of ________ to treat drinking water, which began in 1913, reduces the incidence of waterborne diseases. What are the values of x, y, and z ? NEED HELP LAST DAY TO SUMMIT