Answer:
Explanation:
The transaction price in each case would be shown below:
(A) Transaction price - $900,000 and the revenue is recognized at the point of sale or on the date when the sale is made
(B) Transaction price - $720,000 and the revenue is recognized at the point of sale or on the date when the sale is made
(C) Transaction price - Present value should be transaction price i.e $417,600 and the remaining amount $32,400 ($450,000 - $417,600) would be recognized over the 24 months i.e 18 months + 6 months
Answer:
Balance in Allowance for Doubtful accounts = $228,000
Explanation:
Outstanding Accounts Receivable $3,000,000
(x) Percentage uncollectible <u> 8% </u>
(=) Allowance for Doubtful accounts <u> $240,000</u>
(-) Debit balance <u> $12,000</u>
(=) Balance in Allowance for Doubtful accounts $228,000
Hope this helps!
Answer:$1,735.24
half is 1.5
40 regular hours * $33.37 = $1334.8
8 overtime hours * (1.5 * $33.37) = $400.44
$1334.8 + $400.44 = $1735.24
Answer:
The correct answer is the option A: failure to complete a business plan and failure to get funding.
Explanation:
To begin with, if an entrepreneur failures to complete a business plan and to get funding then the most probable thing to happen is that his business will be untenable from the beginning due to the fact that if the person do not possesses money and a plan to put his ideas in action he will never achieve his primary goals, that is, obtaining profits at long term. Therefore that if there is no business plan in which the company must focus and there is no money to carry out that strategy then the business model is doomed.
