subject
Business, 01.11.2019 02:31 bella51032

Gil is a baxley co. salesman desperate to make quota by the end of 2018. on the afternoon of december 31, 2018, he convinces a longtime customer with excellent credit to sign a contract to accept delivery of baxley co.'s widgetron deluxe. gil promises the customer a deep discount off the list price that they can 'hash out later' if the customer is 100 % happy with the product. gil does not tell the customer that the company's policy in such cases is to offer the maximum discount of 30%. the customer states he will have to consult an astrologer and a groundhog to determine if he is happy with the product. gil oversees the delivery that evening of the widgetron deluxe. should the revenue from this sale be recognized in 2018? why or why not? a. the revenue should be recognized because the product shipped and the customer has excellent credit. b. the revenue should not be recognized because the seller lacks sufficient information to estimate returns, so the constraint on recognition of variable consideration applies. c. the revenue should be recognized because there is a binding contract to accept delivery of the goods. d. the revenue should not be recognized because revenue should be recognized over time.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 17:00
Amarket is said to be equilibrium when quantity demanded is equal to quantity supplied. critically analyse the above statement by giving different types of market
Answers: 2
question
Business, 21.06.2019 20:30
Elizabeth believes her company has discriminated against her because her minority coworkers, who are less qualified, have been promoted ahead of her. which agency should elizabeth contact? - national alliance of business- affirmative action council- equal employment opportunity commission- federal trade commission- fair employment practices agency
Answers: 2
question
Business, 21.06.2019 23:30
Actual usage for the year by the marketing department was 70,000 copies and by the operations department was 330,000 copies. if a dual-rate cost-allocation method is used, what amount of copying facility costs will be budgeted for the operations department?
Answers: 2
question
Business, 22.06.2019 01:20
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.
Answers: 3
You know the right answer?
Gil is a baxley co. salesman desperate to make quota by the end of 2018. on the afternoon of decembe...
Questions
question
Mathematics, 16.12.2021 02:00
question
Mathematics, 16.12.2021 02:00
question
Arts, 16.12.2021 02:00
question
English, 16.12.2021 02:00
question
Mathematics, 16.12.2021 02:00
question
Mathematics, 16.12.2021 02:00
Questions on the website: 13722362