According to the IFRS 15 Revenue from Contracts with Customers Standard, this transaction is considered as a "sale."
This is because the standard establishes the principles that companies must apply when reporting information on the nature, amount, timing, and uncertainty of revenue and cash flows arising from a contract with a customer.IFRS 15 outlines a five-step model that entities should follow in accounting for revenue recognition from customer contracts.
It lays out the requirements for when an entity recognizes revenue from a customer contract and establishes how much revenue is recognized.The five-step model is as follows:Identify the contract with a customerIdentify the separate performance obligations in the contractDetermine the transaction priceAllocate the transaction price to the separate performance obligationsRecognize revenue as the entity satisfies the separate performance obligations.
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State 3 ways in which you may develop your knowledge of the product/service.
Explanation:
Offer hands-on experience. ...
Encourage conventional and creative information sources. ...
Provide opportunities to practice. ...
Use microlearning. ...
Focus on customer needs. ...
Provide consistent training. ...
Offer incentives. ...
Hold out-of-office training
Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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If compensation for senior management is based on short-term performance of the firm, in the short run the firm is likely to:
a. overstate its earnings
b. understate its earnings
If compensation for senior management is based on the short-term performance of the firm, in the short run, the firm is likely to overstate its earnings. Hence, the correct option is (A).
In such a scenario, the senior management focuses more on short-term benefits that can be achieved by manipulating the company's financial results. This can lead to a distortion of the financial statements of the firm. Overstating earnings can increase the value of the company's stock and result in higher compensation for senior management. However, this practice is not sustainable in the long term, as it may result in negative long-term effects for the company, such as a decrease in shareholder value, loss of investor confidence, and potential legal repercussions. Thus, it is important for companies to focus on long-term growth and stability rather than short-term gains.
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which type of leadership style should be used when the group has a strong sense of teamwork and a familiar routine?
When the group has a strong sense of teamwork and a familiar routine, a delegative or participative leadership style is often most effective.
In a delegative leadership style, the leader gives the group a high degree of autonomy, delegating decision-making responsibility to the team members. In a participative leadership style, the leader actively involves team members in the decision-making process, creating a sense of shared responsibility for the outcome. Both styles allow the team to take ownership of the work, build trust and cooperation, and leverage the team's strengths and experience. This type of leadership style also creates a legislation environment where team members feel valued and empowered, which can lead to higher levels of job satisfaction and motivation. so, a delegative or participative leadership style is often most effective.
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higgins enterprises is accepting notes receivable from four customers for $18,000 each. which customer will end up paying the least in interest, assuming all individuals pay in full on the maturity date?
Answer:
328.5
Explanation:
18000*annual interest rate*days/360
18000*7.3%*90/360 = 328.5
Based on the amount accepted as notes receivables and the interest rates, the individual that will pay the least interest is Individual 3.
Individual 1: Individual 2:
= Amount x Interest x Period / year = 18,000 x 5.98% x 1 year
= 18,000 x 6.75% x 4/12 months = $1,076.40
= $405
Individual 3: Individual 4:
= 18,000 x 7.3% x 90/365 days = 18,000 x 7.15% x 8/12 months
= $324 = $858
In conclusion, Individual 3 will pay the least interest.
The customers in question are:
A. Individual 1 has an annual interest rate of 6.75% and a maturity date of four months.
B Individual 2 has an annual interest rate of 5.98% and a maturity date of one year.
C Individual 3 has an annual interest rate of 7.3% and a maturity date of 90 days.
D. Individual 4 has an annual interest rate of 7.15% and a maturity date of eight months.
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a parent loans $90,000 to its subsidiary on may 1 of the current year, at an annual interest rate of 2%. interest payments are due semiannually on october 31 and april 30 of each year. the accounting year ends december 31. the consolidation eliminating entries at year-end include a debit to loan payable in the amount of: select one: a. $91,800 b. $91,200 c. $90,300 d. $90,000
The answer is option c. $90,300, the consolidation eliminating entries at year-end include a debit to loan payable in the amount of 90,300$.
The short definition of a loanWhen money is provided to someone else with the understanding that it would be returned along with interest, this is referred to as a loan. Before evaluating whether or not to extend credit to a potential borrower, lenders will take into account their income, credit history, and level of debt.
What does the finance dictionary mean by loan?A loan is a financial product that enables a user to access a specific amount of money at the beginning of the transaction on the understanding that this amount, plus the agreed-upon interest, would be paid back within a predetermined time frame. Regular installments are made towards repaying the loan.
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Which of the following is an engagement metric?
Product stickiness, client engagement score, and client churn charge are the 3 important engagement metrics.
This client engagement metric measures what number of pages of your internet site a person clicks thru to inside an unmarried visit an excessive web page-per-consultation charge is typically an illustration that site visitors locate your content material helpful, authoritative, and engaging.
Pageviews, sessions, and users are the maximum not unusual place metrics used to suggest visitors in your internet site. Pageviews are the maximum simple of all person engagement metrics, measuring an example of a person touring a selected web page in your internet site.
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in an examination 56% examines failed in Science and 54% failed in Nepali 25 students fail in both the subject if none of the examines passed in both the subject find the number of examines who passed in Science only find the number of examines who passed in Nepali only
Answer:
a) 115 students
b) 110 students
Explanation:
Let x represent the total number of students.
56% examines failed in Science, hence 0.56 examines failed in Science. 54% examines failed in Nepali hence 0.54x examines failed in Nepali. 25 students fail in both the subject and none passed in both subjects, hence:
(0.54x - 25) + (0.56x - 25) + 25 = x
0.54x + 0.56x -x = 25 + 25 - 25
0.1x = 25
x = 250 students
a) The number of examines who failed in Science only = 0.56x - 25 = (0.56 * 250) - 25 = 115
b) The number of examines who failed in Nepali only = 0.54x - 25 = (0.54 * 250) - 25 = 110
this is for you so i dont feel bad
Why Strategic Planning is an Important Life Skill?
Answer:
Explanation:
Because if you're able to plan things, its a useful skill for jobs, family planning etc. Its a useful skill to have.
Why would an employer ask you to provide proof of your identity when filling out an i-9 form?
The employee must also provide their employer with valid identification and employment authorization paperwork.
Briefing:-The employer is required to review these documents to see if they appear to be legitimate and pertain to the employee, and then record the document information on the employee's record. Form I-9.
What does identification mean in the I-9 context?a driver's license or identification card issued by a state or US territory, provided it has a photo and includes information such the holder's name, address, gender, height, and eye color.
When may an employer request I-9 paperwork?On their first day of employment—the time when an employee officially starts working for pay or another type of compensation and is referred to as the date of hire under Department of Homeland Security regulations—you can ask your employees to submit Form I-9; or. If they accepted your job, before their first day of work.
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Accessible versions of the 1040 tax form are available for those who need them.
True
False
Answer:false
Explanation:
value:
35.00 points
Problem 18-8 Completing a Ten-Column Work Sheet
The Trial Balance for River's Edge Canoe & Kayak, as of August 31, is listed below.
1. Prepare a ten-column work sheet for River's Edge Canoe & Kayak for the year ended August 31. The
totals will be automatically calculated.
(a) The cost of the ending merchandise inventory is $45,669.
(b) The cost of the supplies on hand on August 31 is $619.
(c) The one-year insurance premium of $1,680 was paid on April 1.
(d) The total federal income taxes owed for the year are $2,635.
River's Edge Canoe & Kay
Work Sheet
For the Year Ended August 3
It is to be noted that the following question below is about a Trial Balance. This is a type of reconciliation book in Financial Accounting.
What is a Trial Balance?
Please, note that the original worksheet is not attached, hence the general answer.
This, in financial accounting, refers to the statements or records of all credits and debits in a double-entry accounting book which includes all errors or disagreements between figures and accounts.
Usually, all debit and credit columns sums must and should be equal to show that the account has been balanced.
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Because attempting to define a particular market can be difficult and controversial the Federal Trade Commission has begun to look less at market share and more at the data on actual ______________________________. competition in the overall economy selective anti-competitive industry practices competition between businesses market definition
Answer:
competition between businesses
Explanation:
The Federal Trade Commission can be regarded as independent agency that is been set up by United States government to enforce antitrust law as well as carry out of the promotion of consumer protection. Since to define a market can seems difficult, they tends to use competition between businesses when carrying out their operation. Business competition can be regarded as a process whereby different companies as well as individuals compete in the same industry, this could be in the type of product and services been offered, with compitition, the consumers can have different options when seeking for product not services to consume.
Do you think every place of our country is accessible to all kind of information obtaining sources why give reasons
Freedom of information is freedom of a person or people to publish and consume information.
What is meant by Freedom of Information ?
The right of a citizen to access information that the government holds is referred to as information freedom. This freedom is recognized as a constitutional right in several nations.
The Freedom of Material Act in the United States permits the revelation of official records and previously undisclosed information that is under the authority of the American government. The Electronic Freedom of Information Act, which mandates that certain types of government records be made electronically accessible to the public, was added to this law in 1996 as an amendment. This is intended to increase access to public information.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUWhy is Netflix's stocks going down?
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
An investment in a machine costs $815,000 and net cash inflows of $X are expected for the next 7 years. The applicable discount rate is 8%. If the project is accepted, what is the minimum that X can be?
A) $141,822
B) $133,190
C) $144,524
D) $130,465
E) $156,539
The present value of an annuity of X that is minimum can be $133,190. The correct option is B).
To find the minimum value of X, we need to use the net present value (NPV) formula and set it equal to the cost of the investment, which is $815,000.
The formula for NPV is:
NPV = ∑(net cash inflow / (1 + discount rate)^t) - initial investment
Where: ∑ = sum over all the years (from year 1 to year 7), t = the year (1 for the first year, 2 for the second year, and so on)
We know that the initial investment is $815,000 and the discount rate is 8%. So, the NPV formula becomes:
$815,000 = ∑(X / (1 + 0.08)^t) - $815,000
Simplifying the formula, we get:
$1,630,000 = ∑(X / 1.08^t)
Now, we need to solve for X by finding the value that satisfies the equation. We can do this by using a financial calculator or a spreadsheet program like Excel.
Using Excel, we can use the following formula to calculate the sum of the present values of the cash inflows:
=PV(0.08,7,-X)
This formula calculates the present value of an annuity of X dollars per year for 7 years at a discount rate of 8%. We use a negative sign for X because it represents cash outflows (i.e., the investment).
Solving for X, we get:
X = -$133,190.10
Note that the negative sign indicates that the cash flows are inflows, not outflows.
Therefore, the minimum value of X that would make the project worthwhile is $133,190.10, which is option B).
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Suppose you would like to pay for a course to improve your job skills, a new computer,
and a new TV. You do not have enough cash, so you consider taking out a loan to buy
at least one of them. Which one would be the best use of credit? Why? Which would
be the least use of it? Why?
Answer:
idek
Explanation:
Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs
Market failure associated with the free-rider problem is a result of.
Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
What is market failure?Market failure refers to a situation when there's an inefficient distribution of resources in the market.
Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.
Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
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A 5 customer retention increase can result in a profit increase of how much?
A) 25-100%
B) 5-15%
C)3-5%
D)10-20%
Answer:
A 25-100%
Hope this helps
Answer: A). 25-100 %
Explanation:
Got it right!
A debit in the T-Account for 'Cash' may be balanced by a credit in which of the following?
A. Equipment
B. Inventory
C. Accounts Payable
D. All of the Above
Answer:
B
Explanation:
Which statement best describes the difference between an epidemic and a pandemic?
A pandemic lasts for a long time, and an epidemic lasts only a short period of time.
A pandemic involves many deaths, and an epidemic only involves sickness.
An epidemic is contained to a region, and a pandemic is global
An epidemic involves an illness where a pandemic involves an injury.
acupuncture, herbal medicine, and meditat
the Hippocratic Oath, the humoral theory, and meditation
bloodletting, plasters, and herbal medicine
Answer:
a pandemic involves many deaths , and an epidemic only involves sickness
Answer:
An epidemic is contained to a region and a pandemic is global.
A refrigerator of width w and height h rests on a rough incline as in Figure P8. 25 (page 268). Find an expression for the maximum value theta can have before the refrigerator tips over. Note, the contact point between the refrigerator and incline shifts as theta increases and treat the refrigerator as a uniform box
By comparing the torque caused by the weight to the torque caused by the frictional force, the maximum angle at which a refrigerator will topple over on an inclined surface may be calculated.
The forces operating on the refrigerator must be taken into consideration to calculate the maximum angle theta at which a refrigerator will topple over on an inclined surface. As the angle of inclination rises, the weight of the refrigerator will produce a torque near the point of contact with the slope.
The frictional force acting on the refrigerator, which opposes the weight torque, must balance this torque. The maximum value of theta may be calculated by equating these two torques. This equation will depend on the refrigerator's weight, coefficients of friction, and size.
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Which of the following is not the characteristic of exchange traded funds (ETFs). A) They are formed when a basket of securities is purchased. B) They are formed when a stock is created based on a basket of securities. C) They are traded on an exchange, just like a stock. D) They often track an underlying index or an industry or a strategy. E) They represent a specified number of shares in a foreign company's stock.
E) They represent a specified number of shares in a foreign company's stock.
Exchange-traded funds (ETFs) are investment vehicles that provide investors with the ability to invest in a diversified portfolio of securities while trading them throughout the day on an exchange. Unlike mutual funds, ETFs are traded like stocks and can be bought and sold at any time during market hours. ETFs are usually formed by purchasing a basket of securities or by creating a new stock based on a basket of securities that follows a specific index, industry or strategy. This enables investors to gain exposure to a particular market or sector without having to buy individual stocks. ETFs have gained popularity among investors due to their low costs, tax efficiency, and transparency, making them an attractive option for those seeking to diversify their portfolio.
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lead-tracking processes occur during the ________ phase the customer life cycle.
The Customer lifecycle describes the different phases that a consumer goes through during trade. Lead- tracking process occurs during the acquisition phase.
The customer lifecycle is the process by which implicit guests learn about the product, make a purchase from the brand, and ideally come long- term guests of the company. The process consists of five phases:
expanse, accession, conversion, retention and fidelitye-commerce acquisition phase is truly important. Reaching implicit guests doesn't count if you can't find actionable content or news.
judging your brand, the products you offer, and the type of person who will buy them will help you source. Direct contact with them through showed dispatch increases the chances of future conversion.
The client Lifecycle can help your business maximize the earning eventuality of every customer who makes a purchase from your website. still, the upsell implicit increases accordingly, If the customer becomes a brand partner.
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What are 3 possible benefits gained by a country that trades?.
The 3 possible benefits gained by a country that trades are :
More Job Opportunities. Expanding Target MarketsBetter relation between countriesWhat are the advantages of international trade?International trade allows countries to expand their markets and gain access to goods and services that were previously unavailable domestically. International trade has made the market more competitive. This ultimately leads to more competitive pricing and consumers get cheaper products.
What are the five meanings of trade?Simply put, more trade means more jobs, more income, better products, less inflation, and cooperation rather than conflict. The tide for economic development and peace among nations will intensify.
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What is a mechanism used to put a plan into action
There are four steps in solving one's personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. assessing needs and wants
Which of these is the correct order of these steps?
a) 2, 3, 1, 4
b) 1, 2, 3, 4
c) 4, 1, 2, 3
d) 3.1, 4, 2
Explanation:
Answer is C
4123
4. assessing needs and wants
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals