An entity enters into a contract with a customer to sell products x, y, and z in exchange for $250,000. control over the products will be transferred to the customer at different points in time. the entity determines that the delivery of each product is a distinct performance obligation. products x and y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. the standalone selling price of product z of $160,000 was estimated using the adjusted market assessment approach. the entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. what revenue will be recognized by the entity on the sale of product x?
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Business, 23.06.2019 11:00, SillyEve
If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u. s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.
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Business, 23.06.2019 11:40, Trucofer8159
Tony is a wheat farmer, but he also spends part of his day teaching guitar lessons, due to the popularity of his local country western band, farmer tony has more students requesting lessons than he has time for if he is to also maintain his farming business. farmer tony charges $25 an hour for his guitar lessons. one spring day, he spends 10 hours in his fields planting $130 with of seeds on his farm. he expects that the seeds he planted will yield $300 worth of wheat a. 130 b. 260 c. 170 d. $-80
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An entity enters into a contract with a customer to sell products x, y, and z in exchange for $250,0...
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