Answer:
False.
Explanation:
The answer is false because in the current competitive environment of business, customers are looking for high quality and good value at competitive prices
Answer:
Seller's proceeds = $66,300
Explanation:
Given:
Seller's costs = $14,700
Commission = $3,150
Excise tax = $650
Escrow fees = $250
Loan payoff = $126,000
Purchase price receive = $210,000
Refund on property taxes paid in advance = $1,050
Computation of seller's proceeds:
Seller's proceeds = (Purchase price receive + Refund on property taxes paid in advance) - (Seller's costs + Commission + Excise tax + Escrow fees + Loan payoff)
Seller's proceeds = ($210,000 + $1,050) - ($14,700 + $3,150 + $650 + $250 + $126,000)
Seller's proceeds = ($211,050) - ($144,750)
Seller's proceeds = $66,300
B
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Answer:
The amount recognized as revenue in the first year is $14000
Explanation:
The reason is that Maas LLP has no post sales services agreement to Sunny Dale which means he owes him nothing in benefits so the amount received as a whole is license fee only which gives Sunny Dale the right to use the software. So the amount received must be recognized as revenue for the year.
