The transaction price for Loud Company's smartphone and service plan can be allocated based on standalone prices. The initial journal entry recognizes the unearned revenue liability, and monthly entries recognize revenue and reduce the liability.
The transaction price for the smartphone and the unlimited talk and 5 GB data wireless plan can be calculated as follows, assuming that Loud allocates consideration based on standalone prices:
Standalone price of the smartphone = $649
Standalone price of the monthly service plan = $65/month x 24 months = $1,560
Total standalone price = $2,209
The customer paid $299 for the smartphone and will pay $65/month for 24 months for the service plan, which results in a total consideration of $1,859 ($299 + $65/month x 24 months). Therefore, the total allocation of consideration for the smartphone and service plan would be as follows:
Percentage of consideration allocated to the smartphone = $299 / $1,859 = 16.07%
Percentage of consideration allocated to the service plan = $1,560 / $1,859 = 83.93%
Based on this allocation, the transaction price for the smartphone and unlimited talk and 5 GB data wireless plan would be as follows:
Transaction price of the smartphone = 16.07% x $2,209 = $355.28
Transaction price of the monthly service plan = 83.93% x $2,209 = $1,853.72
Total transaction price = $355.28 + $1,853.72 = $2,209
The initial journal entry for Loud Company’s sale of a 2-year contract on January 1, 2017, would be:
Dr. Accounts Receivable $2,209
Cr. Unearned Revenue $2,209
This journal entry recognizes the contract liability for the unearned revenue of $2,209, which is the amount received in advance from the customer.
The monthly journal entry for the recognition of revenue and reduction of the contract liability for the first month would be:
Dr. Unearned Revenue $65
Cr. Service Revenue $65
This entry recognizes the revenue of $65 for the service plan for the first month of the contract and reduces the unearned revenue balance by the same amount. This entry would be repeated for the remaining 23 months of the contract until the unearned revenue balance is fully recognized as revenue.
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Explain how apple corporation helped the world to get better by its contribution in different fields of life
Explanation:
Apple is one of the largest companies in the world, and has contributed positively to the world in different fields of life. It can be said that the company has the highest standards of environmental management that contributes to the reduction of impacts caused by the company to the environment, as well as to the preservation and investments in environmental programs.
It is also correct to say that the company has revolutionized the way people communicate, with the creation of its technological devices that provided greater interaction between people, greater speed with which communication is exercised, helping in business, in the way of living, to buy and interact with the world.
The six-step process for green sourcing includes which of the following? (Select one)A. Provide a press release to local (and perhaps national) media.B. Include members of environmental groups in the decision.C. Notify the state and federal environmental agencies of your plans.D. Perform an environmental impact study.E. Develop the sourcing strategy.
Answer:
E. Develop the sourcing strategy.
Explanation:
who benefits form medicare taxes?
Answer: The Medicare tax rate is 1.45% of an employee's gross income. The Medicare tax, which is a charge on both employers and employees, is paid by both.
Why do you only pay tax on a certain amount of income
Answer:
because it means that the more you earn, the more you pay. If your income equals or exceeds these amounts, you will need to file taxes. and that's why you have to pay certain amounts of taxes.
Explanation:
(sorry if you get it wrong)
You are a Quality Assurance Manager and you are responsible to set up a Halal Quality Assurance in your organization, Plan and develope the Halal Quality Assurance by identifying the pre-requisite and the requirement Halal certification.
As a Quality Assurance Manager, my primary responsibility is to ensure that our organization is meeting the highest standards for products and services delivery while adhering to regulatory requirements and industry best practices.
In setting up a Halal Quality Assurance program, I would follow these steps:
Understand Halal Certification Requirements: The first step in developing a Halal Quality Assurance program is to understand the requirements for Halal certification. This might include reviewing relevant regulations, industry guidelines, and best practices for Halal production.
Identify Pre-requisites: Next, I would identify all the pre-requisites required for our organization to become Halal certified. This might include ensuring our facilities meet specific standards for cleanliness and hygiene, sourcing ingredients from approved suppliers, and implementing appropriate controls for food handling and processing.
Develop Procedures: Once pre-requisites have been identified, we would develop procedures for monitoring and documenting compliance with Halal requirements. This would include creating an internal audit system to ensure ongoing compliance and regular training programs for employees so that they are aware of the importance of Halal certification.
Select a Halal Certification Body: We would select a Halal certification body that is recognized as an authority in the region or industry in which we operate. This will involve conducting appropriate research and due diligence to ensure that the selected body has the necessary expertise and credibility to provide the certification we need.
Implement the Program: Finally, we would implement the Halal Quality Assurance program, including incorporating Halal requirements into our existing quality management system. We would regularly monitor and review the program's effectiveness using performance data and feedback from stakeholders to continuously improve and refine our processes.
In summary, the key to developing an effective Halal Quality Assurance program involves thorough planning, careful implementation, and continuous improvement. By adhering to established guidelines and best practices, we can ensure that our products and services meet the highest standards for Halal certification and provide our customers with the assurance they need to trust our organization.
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What are the additional costs you pay each year in order to borrow money in loans? This includes both interest and fees.
A: Annual Percentage rate (ARP)
B: Variable Interest
C: Origination Fees
d: Fixed interest
The annual percentage rate is the additional cost that you pay monthly in order to borrow money in loans.
What is the annual percentage rate?This rate is also expressed as the interest rate. It is the amount that one is charged for the money that they borrowed.
This amount is the actual cost of the loan that they got which is expressed in percentages.
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What savings account generally pays the least amount of interest of all savings options?
account
Answer:
Regular savings accounts
Explanation:
Regular savings accounts are also called deposit savings accounts. They are the easiest way to save money in a bank or credit union and receive interest. These types of accounts require a small deposit to open, and the minimum balance is also low. One can avoid monthly charges by maintaining the minimum balance at all times.
The deposit/regular savings accounts are very liquid. Most banks will not have restrictions on the number of deposits and withdrawals per period, say a month. Due to this feature, these accounts earn the lowest interest compared to the other savings accounts. Deposit/ regular accounts are also referred to as transactional savings accounts.
The other types of savings accounts include Money market accounts and Certificates of deposit accounts.
in illinois, real property escheats to the a. county in which its owner resides. b. state of illinois. c. county in which the land is located d. owner's legal heirs.
When a person dies without any living heirs, the real estate owned by the deceased is known as the escheat estate. The estate escheats to the state of Illinois since the person died without leaving any legal heirs.
An escheat estate is a real estate property that transfers to the government when a person dies without legal heirs or will. The escheat doctrine dates back to feudal England when the king was seen as the owner of all lands within the kingdom. In Illinois, when a property owner dies, and the land is deemed an escheat estate, the ownership of the property is transferred to the state of Illinois.Benefits of Escheat Estate to the State of Illinois Escheat estates benefit the state of Illinois in a variety of ways.
When the state of Illinois takes over ownership of escheat estates, it can create more revenue for the government. The state can use the escheat estate to develop new infrastructure like roads and buildings, sell it to raise funds, or lease it to companies. Since the land is now owned by the state of Illinois, the state can also earn money through taxes.When an escheat estate is transferred to the state of Illinois, it can also be used to benefit the local community. The state can use the land to create public parks, conservation areas, or green spaces.
The land can also be used to provide affordable housing to low-income residents who can’t afford to purchase their homes .In conclusion, the escheat estate is a legal concept where the government takes ownership of real estate that has no legal heirs or will. In Illinois, the state of Illinois takes over ownership of escheat estates, and this benefits the government and the local community.
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List 5 motives for the construction of various media.
Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
Price discrimination results in _____________ than would be observed under a single-price monopoly.
Price discrimination results in Concentrated markets than would be observed under a single-price monopoly.
Price discrimination is a selling strategy that costs customers distinct expenses for the equal service or product based on what the vendor thinks they are able to get the patron to conform to. In natural fee discrimination, the vendor expenses each purchaser the most charge they may pay.
Price discrimination refers to charging unique clients distinct costs for the same exact or provider. The Sherman Antitrust Act, Clayton Antitrust Act, and Robinson-Patman Act outlaw charge discrimination when the rationale of that discrimination is to damage competition.
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suppose the mayor of combopolis introduces a legal minimum wage of $6 per hour. this type of price control is called a
This type of price control is called a price floor. The floor price is the minimum price set by the government below which the price of certain goods or services cannot fall. In this case, the mayor of Combopolis has introduced an official minimum wage of $6 per hour, which serves as the floor price for labor. This type of price control is called a price floor.
The floor price is the minimum price set by the government for goods or services. This is intended to keep prices from falling below a certain level, usually to protect consumers or producers. When the floor price is set above the market equilibrium price, there may be a surplus or overproduction of goods or services, and the government may need to intervene in the market to enforce the floor price. Examples of floor prices include minimum wage legislation, rent controls, and farm price support.
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A furniture making company makes tables and chairs.
It has two machines; M1 and M2.
To make a table requires 7 mins in machine M1 and 5 mins in M2. To make a chair requires 4 mins in M1 and 5 mins in M2.
A table can be sold for €25 profit, a chair for €15 profit.
Over the next month, machine M1 can run for 5 hours, and machine M2 for 6 hours.
1. What are the Decision Variables?
2. Which is the Objective Function?
3. Determine the optimal mix of products in terms of contributions to profits for this month.
1. The decision variables are the number of tables (T) and the number of chairs (C) that the furniture making company should produce in order to maximize profits.
2. The objective function is the total profit that the company can make from selling the tables and chairs. It can be represented as:
Profit = 25T + 15C
3. To determine the optimal mix of products in terms of contributions to profits for this month, we need to consider the constraints on the production process. These constraints are the available time on machines M1 and M2.
The constraint for machine M1 is:
7T + 4C ≤ 300 (since M1 can run for 5 hours or 300 minutes)
The constraint for machine M2 is:
5T + 5C ≤ 360 (since M2 can run for 6 hours or 360 minutes)
Using the simplex method, we can find the optimal solution for this problem. The optimal solution is T = 36 and C = 12.
This means that the company should produce 36 tables and 12 chairs in order to maximize profits for this month.
The maximum profit that the company can make is:
Profit = 25T + 15C = 25(36) + 15(12) = €1080
Therefore, the optimal mix of products in terms of contributions to profits for this month is 36 tables and 12 chairs, with a total profit of €1080.
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Automation has improved the quality and efficiency of repetitive tasks. True or False
Answer:True
Explanation:
Which of the following is NOT one of the components of the marketing information system?
A) internal reports
B) marketing intelligence
C) marketing decision support
D) consumer information support system
E) marketing research system
Option - D : consumer information support system is NOT one of the components of the marketing information system.
Although though it is unquestionably crucial for marketing, customer or consumer information is typically not regarded as a discrete part of the marketing information system. Instead, additional system elements like marketing research, marketing intelligence, or internal reporting may be used to collect and evaluate client information. Generally speaking, the four primary parts of a conventional marketing information system are:
data and information produced internally, such as inventory records, financial accounts, and sales reports.
rigorous and impartial data collection and analysis on a particular marketing opportunity or challenge.
Constant observation and analysis of pertinent market trends and developments, including those affecting consumers, rivals, and other external variables
using instruments and methods including data mining, modelling, and simulation.
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2.
What is selling? How can you apply this in your real life as a student?
The opportunity cost of watching a movie will be equal to;
А) The time lost while watching the show
B)The pleasure that could have been enjoyed watching TV instead
С )The pleasure enjoyed by watching the show
D) The amount paid to buy the tickets
Answer:
А) The time lost while watching the show
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up.
A and D seems correct, but the wording on D makes A the better answer.
For a customer of Lush, how will their MVV translate to your experience?
For an employee of Lush, for example a shop worker – how might the companies MVV affect your working life, your daily experience and your perspective of the business?
Which technologies have made global communication instant and more effective? Choose three answers.
social media
wireless devices
smart phones
automobiles
printed newspapers
The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.
The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.
Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.
Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.
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Answer: a b c
Explanation:
just took the unit
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
communication skills
customer service skills
computer skills
knowledge of sales strategies
an outgoing attitude
a background in finance
Answer:
The correct answers are (A) (C) (F)
Explanation:
Hope this helps ya'll :)
A communication skills, C computer skills, F a background in finance
Explanation:
true or false in evaluating the sustainability of income, it is necessary to separate the results of continuing operations from those of discontinued operations
True. When evaluating the sustainability of income, it is important to separate the results of continuing operations from those of discontinued operations. Continuing operations refer to the ongoing activities of a business that are expected to continue into the future, while discontinued operations refer to activities that have been or will be discontinued.
By separating the results of continuing operations from those of discontinued operations, analysts can gain a clearer picture of the company's ongoing profitability and financial health. Discontinued operations may involve one-time gains or losses that are not reflective of the company's ongoing operations. As a result, including them in the analysis may skew the results and make it more difficult to assess the company's long-term sustainability.
In addition, separating the results of continuing operations from those of discontinued operations can help analysts identify any underlying issues that may be impacting the company's financial performance. By focusing on continuing operations, analysts can better evaluate the company's ongoing ability to generate profits and cash flow, which are critical components of long-term sustainability.
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can i doit without pay
Answer:
what?
Explanation:
With regard to business definition, railroads may have lost business because they:
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
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describes employees who are allowed to work remotely.
Networked staff
Overtime employees
Telecommuting employees
Salaried employees
Answer:
Telecommuting employees.
Explanation:
There are numerous mediums or ways of working in the corporate world. telecommunication is one such way in which the employees are allowed to work from a remote place and do not necessarily need to come to the employer's office to do work.
Telecommunication is also known as work from home, remote work, flexible work, mobile work, etc. among others. This allows the employee to work in his/ her own space, comfort zone and also need not make them go through the hassle of traveling to and back from the office. This, in return, makes it good for the company to reduce costs be it in travel allowances, office space, and other amenities, etc.
Answer:
telecommuting employees
Explanation:
got it right on my quiz
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
They make financial decisions that are not based on their emotions.
They become victims of fraud by those looking to take advantage of the wealthy.
They think over their financial decisions too thoroughly.
The weigh their long- and short-term financial goals before making any decisions.
Answer:
They become victims of fraud by those looking to take advantage of the wealthy.
Explanation:
The most likely reason that lottery winners often end up with serious financial problems is: “They become victims of fraud by those looking to take advantage of the wealthy.” Hence, Option B is correct.
What does financial problems mean?Financial difficulty is the inability to make either short-term or long-term debt payments. Debt makes managing money more difficult and reduces one's purchasing power.
Up until all obligations are paid, financial issues become a source of worry. It is necessary to find a solution so that debts can be paid back. Students frequently struggle to pay their bills and afford their education, and many of them have poor incomes, limited financial literacy, and many more.
Families are vulnerable to the destructive effects of economic hardship and financial turmoil. Many families lose their houses, automobiles, retirement accounts, valuables, money, health insurance, and other things during hard economic times.
Therefore, Option B is correct.
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which performance appraisal method involves distinguishing between the worst and best employees based on a trait or traits? select one: a. constant sum rating scale b. alternation ranking c. graphic rating scale d. forced distribution
Option b) alternation ranking method. Alternating between picking the highest and lowest employees for each attribute results in a ranking of all employees from best to worst.
Several characteristics are listed along with a range of performance for each on a graphic rating system. The employee is then scored by determining the number that most accurately reflects how well they performed on each trait.
Simply put, this is a ranking of staff traits from best to worst (s). Employees are evaluated on a specific trait or traits, going from greatest to lowest. You do this by making a list of every employee you want to rate according to the trait you've chosen. The employee with the best trait is then chosen and put at the top, followed by the employee with the worst trait, who is placed at the bottom. Following that, until all employees have been ranked, the best and worst workers alternate.
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A real estate broker pays $50 to a life insurance broker for each referral that goes to closing. This arrangement is:
Answer:
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Explanation:
A real estate broker pays $50 to a life insurance broker for each referral that goes to closing. This arrangement is illegal.
What is a broker?A broker is referred to as a middleman or agent who helps real estate property to sell in good amounts and helps to establish a deal between a property owner and the buyer.
This real estate broker will receive a commission on behalf of closing the deal, this commission will be received by the end of the deal when the exchange of property is took place between both the parties in terms of the agreement.
This arrangement between the two is illegal as they are misrepresenting things by helping each other when the real estate broker and insurance broker pay each other in closing the deal amount of $ 50 to each other.
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The incomplete question is
A real estate broker pays $50 to an insurance broker for every referral that goes to closing. The insurance broker pays $50 to the real estate broker for every referral that buys insurance. This arrangement between the two is:________
Suppose you have the following bond:
Par Value: $1,000.00
Coupon: 3.775%/period
YTM: 2.9105%/period
Maturity: 12 periods
How much above or below par value will this bond be priced?
a. $86.51 above par value.
b. Equals par value.
c. $377.78 above par value.
d. $622.22 below par value.
e. $86.51 below par value.
The present value of the bond is $86.51, the bond will be priced $86.51 below par value.
To determine how much above or below the par value the bond will be priced, we need to calculate the bond's present value.
The formula to calculate the present value of a bond is:
PV = C × (1 - (1 + r)^(-n)) / r + M / (1 + r)^n
Where:
PV = Present Value
C = Coupon payment per period
r = Yield to Maturity (YTM) per period
n = Number of periods
M = Par value
In this case:
C = $1,000.00 × 3.775% = $37.75
r = 2.9105% / 100 = 0.029105
n = 12 periods
M = $1,000.00
Using the formula, we can calculate the present value:
PV = $37.75 × (1 - (1 + 0.029105)^(-12)) / 0.029105 + $1,000.00 / (1 + 0.029105)^12
PV ≈ $86.51
Therefore, the correct answer is e. $86.51 below par value.
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Thomas's project team, which is tasked with selecting a new software package for their company, has narrowed the options to thee most promising alternatives. In order to further research these alternatives, Thomas asks each contender to demonstrate their solution in a computing environment with a workload that matches the load the company expects to support. Thomas has just
Thomas's project team is responsible for selecting a new software package for their company. They have narrowed down the options to three promising alternatives. To further evaluate these options, Thomas asks each contender to demonstrate their solution in a computing environment that matches the company's expected workload.
Thomas's project team is in the process of selecting a new software package for their company. They have narrowed down their options to three promising alternatives and in order to further research these options, Thomas has asked each contender to demonstrate their solution in a computing environment with a workload that matches the load the company expects to support.
This is a great way to assess the capabilities of each software package and ensure that the selected option will meet the company's needs.
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what is a project charter? discuss the inputs that can aid the development of a project charter.
A project charter is a formal document that outlines the objectives, scope, and stakeholders of a project. It serves as a guiding tool, providing clarity and direction throughout the project lifecycle. Inputs that can aid the development of a project charter include project requirements, stakeholder expectations, constraints, and available resources. These inputs help to define the project's purpose, establish clear goals, and set boundaries, ensuring a successful and well-managed project.
A project charter is a document that serves as a guide for project management. It outlines the project's goals, objectives, scope, timelines, and key stakeholders. The charter is a critical document for ensuring that the project is successful and meets its intended objectives.
Inputs that can aid the development of a project charter include several key factors. These include the project's scope, objectives, timeline, budget, and key stakeholders. Other inputs that can aid in developing a project charter include any existing project plans, team member expertise, and project requirements. Additionally, it is helpful to have a clear understanding of any constraints or limitations that may impact the project's success.
By utilizing these inputs, project managers can ensure that the project charter is comprehensive, realistic, and achievable. This document serves as a roadmap for the project, helping to keep team members aligned and on track towards meeting project goals and objectives.
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Natalie and shay are both employees at righttool, inc. the marketing manager often meets with shay, the production manager, to solve specific mutual problems. this is an example of:
This is an example of Direct marketing as Natalie and shay are both employees in righttool, inc. Shay, the production manager, and the marketing manager frequently meet to solve specific mutual problems.
What is direct marketing?Direct marketing is the direct communication or the distribution to the customers, individuals or to the shopkeeper without involving the third party.
Direct marketing is so-called because it generally eradicates the middleman, such as adverts, it exclude Mail, email, social media, and texting campaigns.
Thus, it is called Direct marketing.
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