if an entity receives payment prior to satisfying its performance obligation under a contract, the discrepancy between when the payment is received and when the obligation is satisfied is considered:
Answers
If an entity receives payment prior to satisfying its performance obligation under a contract, the discrepancy between when the payment is received and when the obligation is satisfied is considered an unearned revenue.
The obligation to the customer under a contract is typically fulfilled over time, and as the entity fulfills its obligations, it recognizes a portion of the revenue earned until it has fulfilled its obligations completely.In order to accurately report the revenue recognized, the revenue must be deferred or held in unearned revenue until the entity completes its obligation. When the entity satisfies the obligation, it recognizes the revenue by removing the amount of revenue from the unearned revenue account and placing it in the revenue account.
The amount of unearned revenue is usually reported on the balance sheet, where it is classified as a liability. This is because the entity has received payment from the customer but has yet to fulfill its obligations under the contract. The amount of unearned revenue is usually recognized as revenue over time or as the entity satisfies its performance obligations under the contract.
In conclusion, the discrepancy between when the payment is received and when the obligation is satisfied is considered unearned revenue, which is recognized as revenue over time or as the entity satisfies its obligations under the contract.
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Related Questions
Why is Feeney called a hero/saint?
Answers
Answer:
In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "
Explanation:
Click this link to view O*NET’s Education section for Stationary Engineers. According to O*NET, what is the most common level of education that Stationary Engineers have?
high school diploma or equivalent
some college, no degree
associate degree
bachelor’s degree
Answers
According to O*NET, it should be noted that the most common level of education that Stationary Engineers have is a high school diploma or equivalent.
Stationary engineers are the people who control and maintain boilers. They also make use of their equipment to repair the ventilation systems.It should be noted that stationary engineers usually have a high school diploma or equivalent. They usually go through apprenticeship programs which usually run for four years.In conclusion, the correct option is A.
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Answer:
- high school diploma or equivalent
Explanation:
he most common level of education that Stationary Engineers have
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mathadvanced mathadvanced math questions and answersif annual demand = 2500, order cost = $50, annual holding cost rate = 15%, and the purchase price = $120 for orders of less than 10,000 units, or $105 for orders of 10,000 units or more, should youtake the discount? also, what is the minimum total cost? ?a. no--$116,280b. yes--$208.477c. no--$341,263 d.
Question: If Annual Demand = 2500, Order Cost = $50, Annual Holding Cost Rate = 15%, And The Purchase Price = $120 For Orders Of Less Than 10,000 Units, Or $105 For Orders Of 10,000 Units Or More, Should Youtake The Discount? Also, What Is The Minimum Total Cost? ?A. No--$116,280b. Yes--$208.477c. No--$341,263 D.
If annual demand = 2500, order cost = $50, annual holding cost rate = 15%, and the purchase price = $120 for orders of less than 10,000 units, or $105 for orders of 10,000 units or more, should you
take the discount? Also, what is the minimum total cost? ?
a. No--$116,280
b. Yes--$208.477
c. No--$341,263
d. Yes--$302,120
Answers
The annual demand is given as 2500 units. To determine whether you should take the discount or not, we need to compare the total cost of ordering with and without the discount.
If the purchase price is $120 for orders of less than 10,000 units, and the order quantity is 2500 units, the total cost without the discount can be calculated as follows: Order cost = $50 Holding cost = (Annual demand / Order quantity) * Purchase price * Annual holding cost rate = (2500 / 2500) * $120 * 0.15 = $18 Total cost without discount = Order cost + Holding cost = $50 + $18 = $68 If the purchase price is $105 for orders of 10,000 units or more, and the order quantity is 2500 units.
The total cost with the discount can be calculated as follows: Order cost = $50 Holding cost = (Annual demand / Order quantity) * Purchase price * Annual holding cost rate = (2500 / 2500) * $105 * 0.15 = $15.75 Total cost with discount = Order cost + Holding cost = $50 + $15.75 = $65.75 Comparing the total costs, we see that the total cost with the discount ($65.75) is lower than the total cost without the discount ($68). Therefore, you should take the discount.
Now, let's find the minimum total cost. Since the total cost with the discount is lower, the minimum total cost is $65.75. In conclusion, you should take the discount, and the minimum total cost is $65.75.
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Using the 2017 data, how much more would a college graduate with bachelor's degree expect to earn per year than a high school graduate?
Answers
Answer:
The estimated median lifetime earnings (in 2017 dollars) for a bachelor's degree recipient at age 64 was more than $1.2 million. High school graduates earned far less — just over $800,000, according to the College Board's research.
Explanation:
Discuss the different approaches of ‘on the job’ used by a business
Answers
Answer:
Explanation:
There are several approaches to on-the-job training that businesses can use to train their employees. Here are some of the most common ones:
Job rotation: This training method involves moving the trainee from one job to another to gain knowledge and experience from different job assignments.
Coaching: Under this method, the trainee is placed under a particular supervisor who functions as a coach in training and provides feedback to the trainee.
Job instructions: This method involves providing step-by-step instructions on how to perform a particular task.
Committee assignments: This method involves assigning the trainee to a committee or task force where they can learn from other employees.
Internship training: This method involves hiring interns who work for a short period of time and receive on-the-job training .
In addition to these methods, businesses can also use job enrichment, job enlargement, job simplification, and job rotation as approaches to design or redesign a job .
I hope this helps!
In which year the first school in the whole world was opened?
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What are the opportunities that XDel Singapore should tap upon both domestically and overseas as it embarks on its expansion plan in the post-Covid-19 environment.
Answers
XDel Singapore should tap upon opportunities in e-commerce logistics domestically and overseas as it expands in the post-Covid-19 environment.
The Covid-19 pandemic has accelerated the growth of e-commerce globally, creating a significant opportunity for logistics companies like XDel Singapore. Domestically, XDel can capitalize on the increasing demand for last-mile delivery services as more consumers turn to online shopping. By leveraging its existing infrastructure and expertise, XDel can strengthen its partnerships with e-commerce platforms and retailers, offering efficient and reliable logistics solutions.
XDel Singapore has the opportunity to tap into the growing e-commerce logistics market both domestically and overseas in the post-Covid-19 environment. By focusing on providing reliable and efficient services, building strategic partnerships, and leveraging its expertise, XDel can position itself for success in the evolving e-commerce landscape.
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Mr.Crimpson is an economist. During the course of each day, he studied how to meet limited wants with limited resources.
True or False?
Answers
Answer:
True
Explanation:
Economic analysis is an analysis about how to fulfill infinite, overlapping needs with minimal capital. It's the method of determining how to "do the best from the least"—to have the most fulfillment with both the least amount of money and resources.
a project is expected to generate annual revenues of $133,700, with variable costs of $80,800, and fixed costs of $21,300. the annual depreciation is $4,850 and the tax rate is 21 percent. what is the annual operating cash flow?
Answers
The annual operating cash flow for the project is $26,750.70.
Annual operating cash flow refers to the amount of cash generated or used by a business operation in a given year from its core operations, before taking into account any capital expenditures or financing activities.
To calculate the annual operating cash flow, we need to subtract the annual variable costs, fixed costs, and depreciation from the annual revenues and then multiply the result by (1 - tax rate).
So, the annual operating cash flow can be calculated as follows
Annual operating cash flow = (Annual revenues - Annual variable costs - Fixed costs - Annual depreciation) x (1 - Tax rate)
= ($133,700 - $80,800 - $21,300 - $4,850) x (1 - 0.21)
= $26,750.70
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A customer defaults on his account of R500 and the owner decides to write off the debt
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If a customer defaults on his account of R500, the owner has several options for dealing with the debt. One option is to write off the debt, which means that the owner chooses to forgive the debt and not pursue legal action to collect it.
Writing off a debt can be a good option if the owner believes that it is unlikely that they will be able to collect the full amount from the customer or if they believe that it is not worth the time and expense to pursue the debt. However, it is important to note that writing off a debt can have tax implications, and the owner may need to report the forgiven amount as income on their tax return.
If the owner decides to write off the debt, they should document the transaction in writing, including the amount of the debt, the reason for writing off the debt, and any other relevant details. They should also notify the customer in writing that the debt has been written off and that they no longer owe the amount.
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La Quinta Inns has a competitive edge over its rivals because it:
A) uses regression analysis to determine which variables most influence profitability.
B) has better television advertisements.
C) picks larger locations than its rivals.
D) builds only along interstate highways.
E) consistently receives four-star ratings for its inns.
Answers
Among the given options, the most likely answer is D) builds only along interstate highways.
La Quinta Inns having a competitive edge over its rivals by building only along interstate highways suggests a strategic advantage. By focusing on locations near major highways, La Quinta Inns can benefit from increased visibility, accessibility, and convenience for travelers. This strategic positioning can attract more customers and contribute to higher occupancy rates compared to competitors located in less convenient areas.
Options A, B, C, and E are less likely to be the primary factors giving La Quinta Inns a competitive edge. While regression analysis (option A) can be a useful tool for determining influential variables, it alone may not provide a significant competitive advantage. Television advertisements (option B) can help with brand visibility, but their impact may vary, and it's unlikely to be the sole reason for a competitive edge.
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(1.04) This is an itemized summary of probable income and expenses for a given period.
oBank Account
oInterest bearing account
o Budget
o Lottery
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In the organizational structure, it is responsible for managing of income and expenses of a company.
Answers
Financial Controller is responsible for managing of income and expenses of a company.
Who is Financial Controller?Vital controllers additionally influence direction, anticipating, and planning at the organization level, in view of bookkeeping information.
The FC is a senior forerunner in the money group. Consequently, it's generally expected that employment forms show huge involvement with bookkeeping and assessment issues, in addition to the capacity to direct others and take responsibility for organization's books.
This requires more than just a gift for numbers. Controllers should be coordinated self-administrators, with the abilities to urge the more extensive organization to follow strategies and techniques.
Therefore it is the Financial controller who basically helps in managing the overall income.
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government can intervene in the market through a. price floors b. price ceilings c. taxes d. all of the above
Answers
To address any inefficiencies and indescrepencies that can develop in the market over time, the government intervenes in the market. Taxes, subsidies, price floors, ceilings, and other forms of government interference are all possible. Option (d) is correct.
What is government intervention in the market?The term "government intervention" refers to a government's declaration that it must actively engage in transaction disputes between market participants as a rule maker or market regulator.
Governments can impose tariffs, which add taxes to imported goods, or subsidies, which raise prices and improve the appeal of indigenous goods by taxing the public and transferring the money to industry. Businesses or entire industries might be stymied by increased taxes, levies, and regulations.
Therefore, Option (d) is correct.
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Macmillan Learning
The overall population for Region A is 103 million people. The labor force contains 50 million people, 26 million people are
employed, and 24 million are unemployed. What is the unemployment rate? Round your answer to two decimals.
%
Answers
The unemployment rate is 0.48. Unemployment Rate = Unemployed Force / Total Labor Force, which is 24÷50= 0.48.
What is the unemployment rate?The unemployment rate can be understood as the percentage of the labour force without a job. It generally rises or falls in the wake of changing economic conditions, rather than anticipating them which shows it is a lagging indicator This rate can be expected to rise when the economy is in poor shape and jobs are scarce. If the economy grows at a healthy rate and jobs are relatively many, it can be expected to fall.
The unemployment rate refers to the percentage of unemployed individuals in an economy among individuals currently in the labour force.
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PLEASEEEE HELPPPPP.!!!!What is the term applied to an integrated approach to managing a company's
interaction with its customers?
A. Innovation
B. Customer relationship management
C. Big data
D. Customer support
SUBMIT
Answers
Answer:
the answer is B
Explanation:
I have did that before just trust me
The term applied to an integrated approach to managing a company's interaction with its customers is Customer relationship management. Thus, the correct answer is option B.
What is Customer relationship management?Customer relationship management (CRM) is the process by which a company or other organization manages its interactions with customers, typically by analyzing large amounts of data.
CRM systems collect information from a variety of communication channels, such as a company's website, phone, email, marketing materials, and, more recently, social media. They enable businesses to learn more about their target audiences and how to best meet their needs, resulting in customer retention and sales growth.
Therefore, Customer relationship management is an integrated approach to managing a company's interaction with its customers.
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Assume a two-country, two-good, and two inputs model. Let the two countries in this model be the United States and the Rest of the World and the two goods being produced by each of the countries be steel and wheat. The two factors of production used in producing the goods in each country are capital and land. If the United States is capital-abundant and steel production is capital-intensive, the Heckscher-Ohlin model would predict that the Rest of the World would: Group of answer choices export both the goods to the United States. export wheat and import steel. export steel and import wheat. import both the goods from the United States.
Answers
Answer: export steel and import wheat
Explanation:
According to the Heckscher-Ohlin model, a country should export the foods and services that it can produce in abundance and also produce efficiently while it imports the one that is less efficiently produced of the two goods being compared.
In this scenario, the two countries in this model are the United States and the Rest of the World; the two goods being produced by each of the countries are steel and wheat; the two factors of production used in producing the goods in each country are capital and land.
Since the United States is capital-abundant and steel production is capital-intensive, this mean that the United States can produce steel more efficiently and in abundance. Therefore, U.S should produce steel and export to other countries while it buys wheat from the rest of the world.
to optimize a client's campaign to get the most out of her mobile advertising, you can
Answers
To optimize a client's campaign to get the most out of her digital advertising, you can set a mobile bid adjustment for the campaign based on insights from estimated cross-device conversion and total estimated conversion data.
Marketing via online channels like streaming content and websites is known as digital advertising. Computerized advertisements range media designs, including text, picture, sound, and video. They can assist you in achieving a variety of business objectives throughout the marketing funnel, including increasing customer engagement and brand awareness, introducing new products, and increasing repeat business.
Digital advertisements are an essential component of any business's marketing strategy for numerous reasons. The fact that consumers are spending more and more time connected to the Internet via computers, smartphones, and smart home devices may be the most significant one. The typical American approaches in excess of 10 associated gadgets in their household.1 Advanced showcasing permits you to meet crowds where they are.
Individuals come to conclusions about the labor and products they purchase consistently of the day, during a wide range of exercises. With advanced promotions, you can contact crowds when they are perusing on the web for items to purchase. Alternately, you might get in touch with them while they're watching TV online, on a favorite website, or on social media. Reaching them in these various contexts can help them remember your brand when they're ready to buy, even if they don't decide to make a purchase from you right then.
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Which of the following is not a reason for redesigning a product or service?
A) to reduce labor or material cost
B) to increase the level of customer satisfaction
C) to increase quality
D) to increase the level of employee satisfaction
E) to attract and increase customer demand
Answers
Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
Answers
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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By identifying and defining a problem, we have O taken the final step in the decision making process. O proposed all viable alternatives. O considered multiple criteria.O taken the first step of decision making.
Answers
By identifying and defining a problem, we have taken ''the first step of decision making.''
The first step of decision making is an important step because it sets the stage for the rest of the decision making process. By clearly defining the problem, we can better understand what needs to be addressed and can develop a plan for finding a solution.
Without a clear understanding of the problem, it is difficult to come up with effective solutions or to make informed decisions.
In conclusion, the correct alternative is ''the first step of decision making.''
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Determine the impact that the following shocks will have on the relative price (RP), relative demand (RD), and relative supply (RS) in the Standard Trade Model for the following cases. For each case, state whether there is an increase, a decrease, or no change in the RP, the RD, and the RS.
(a) The only world supplier of personal computers, located in Home, decides to increase supply. What happens to the RP, the RD, and the RS of personal computers from the perspective of Home?
(b) In a world of 5 countries, Home is twice as large as the combined size of the other 4 countries. Home’s preference for imports rises. What happens to the RP, the RD, and the RS of Home’s exports relative to its imports (Qe/Qm)?
Answers
(a) Increasing supply of personal computers by the world supplier in Home decreases relative price (RP) while increasing relative demand (RD) and relative supply (RS).
(b) Home's larger size and higher preference for imports result in unchanged relative price (RP), decreased relative demand (RD) for its exports relative to imports (Qe/Qm), and increased relative supply (RS).
(a) When the world supplier located in Home decides to increase the supply of personal computers, it leads to a decrease in the relative price (RP) of personal computers. This occurs because the increased supply creates downward pressure on prices.
At the same time, the lower price stimulates an increase in the relative demand (RD) for personal computers, as consumers are more willing to purchase at the lower cost. Simultaneously, the relative supply (RS) of personal computers from Home increases due to the expansion of production.
(b) Home, being twice as large as the other four countries combined, experiences a rise in its preference for imports. This change does not have an impact on the relative price (RP) of goods. However, it causes a decrease in the relative demand (RD) for Home's exports relative to its imports (Qe/Qm).
This decrease in demand occurs because Home now has a higher preference for imported goods, resulting in reduced demand for its own exports. Conversely, the relative supply (RS) of Home's exports relative to imports increases as Home shifts focus towards importing goods.
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What is your major(potential) in college?
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If the government increases expenditures on goods and services.
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Answer:
I don't understand
please make your question clear
Clayton Industrles has the following occount balances: The company wishes to raise $33,000 in cash and is considering two financing options: Clayton can sell $33,000 of bonds payable, or It cah issue additional common stock for $33,000. To help in the decision process, Clayton's management wants to determine the effects of each alternative on its current ratio and debt-to-assets ratio. Required a-1. Compute the current ratio for Clayton's management. Note: Round your answers to 2 decimal places. a-2. Compute the debt-to-assets ratio for Clayton's mandgement. Note: Round your answers to 1 decimal plece. a-2. Compute the debt-to-assets ratio for Claytor's management. Note: Round your answers to 1 decimal place. b. Assume that after the funds are invested, EBIT omounts to $15,300. Also assume the company pays $5,000 in dividends or $5,000 In interest depending on which source of finaneing is used. Based on a 40 percent tax rate, determine the amount of the increase in retained earnings that would result under each financing option.
Answers
The amount of the increase in retained earnings would be $4,180 under each financing option.
a-1. To compute the current ratio, we divide current assets by current liabilities. The current assets given are $95,000 and the current liabilities are $40,000. Therefore, the current ratio is:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $95,000 / $40,000
Current Ratio = 2.375
a-2. To compute the debt-to-assets ratio, we divide total debt by total assets. The total debt given is $50,000 and the total assets are $150,000. Therefore, the debt-to-assets ratio is:
Debt-to-Assets Ratio = Total Debt / Total Assets
Debt-to-Assets Ratio = $50,000 / $150,000
Debt-to-Assets Ratio = 0.3333
b. To determine the increase in retained earnings, we need to calculate the net income after taxes. We are given the EBIT (earnings before interest and taxes) of $15,300 and the tax rate of 40%. Therefore, the net income is:
Net Income = EBIT - (EBIT * Tax Rate)
Net Income = $15,300 - ($15,300 * 0.4)
Net Income = $9,180
If the company pays $5,000 in dividends, the increase in retained earnings would be:
Increase in Retained Earnings = Net Income - Dividends
Increase in Retained Earnings = $9,180 - $5,000
Increase in Retained Earnings = $4,180
If the company pays $5,000 in interest, the increase in retained earnings would be:
Increase in Retained Earnings = Net Income - Interest
Increase in Retained Earnings = $9,180 - $5,000
Increase in Retained Earnings = $4,180
Therefore, the amount of the increase in retained earnings would be $4,180 under each financing option.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answers
hope this helps
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
NEED HELP ASAP, WILL GIVE BRAINLIEST
The chart below shows a production possibility schedule for a pastry shop that makes $0.50 profit per donut and $0.75 profit per bagel. Choice __ yields the largest profit.
Answers
Answer:
its B
Explanation:
if you take how much he makes per donut and per bagel and multiply it by the quantity of each it will give you a total and you just add both the donut total and the bagel total it will give you the final profit and you do that to all of them and see which one has the most money
If equity is $400,000 and liabilities are $199,000, then assets equal: Multiple Choice $199,000. $201,000. $999,000. $599,000. $400,000.
Answers
Answer:
$599,000
Explanation:
Hope this helps have a blessed day
400,000 + 199,000 = 599,000
trading (debt) securities are: multiple choice recorded at cost and then reported at cost over the life of the investment. reported at historical cost and then adjusted for the amortized amount of any difference between cost and maturity value. recorded at cost and then reported at fair value on the balance sheet. intended to be held to maturity. always classified as long-term investments.
Answers
Trading (debt) securities are recorded at cost and reported at cost over the investment's life. reported at historical cost, after which the amortized amount of any cost-to-maturity value discrepancy is subtracted. recorded at cost, then the balance is reported at fair value Sheet
Trading securities are bought with a short-term goal in mind. Under Current Assets, they are displayed as short-term investments. The original value is documented at the historical cost of acquisition. The fair value of the securities is determined at the conclusion of the fiscal year, and an entry is made to report at fair value in accordance. The unrealized gain or loss is recorded as a component of stockholders' equity and other comprehensive income (loss).
Trading (debt) securities are recorded at cost and reported at cost over the investment's life. reported at historical cost, after which the amortized amount of any cost-to-maturity value discrepancy is subtracted. The balance sheet then shows the item at fair value after being recorded at cost.
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John completes a life insurance application on Bill and collects the initial premium. A conditional receipt is provided to the applicant. If underwriting approves the application without requiring a medical exam, when will coverage become effective?
Answers
Answer:
The date on the receipt
Explanation:
Life insurance is a form of insurance where the insurer or the insurance firm guarantees that death benefit will be paid to the beneficiaries of the life insurance policy holder on his death , while the policy holders pays a stipulated premium in his life time.
At the point of policy delivery , the policy holder is expected to sign a statement of continued good health to ensure that the risks of the insurer is minimized , a duty expected to be enforced by the underwriter. However , if the underwriting approves before requiring for a medical exam , the coverage becomes effective on the date on the receipt.