E6-15 Allocating Transaction Price to Performance Obligations [LO 6-5] A company separately sells home security equipment and 12 months of system monitoring service for $280 and $560, respectively. The company sells an equipment/monitoring bundle on January 1 for a total price of $990. The monitoring service begins immediately after the equipment is delivered and installed on January 1. Required: Determine the dollars of revenue that should be allocated to the equipment for each bundled sale. Determine the dollars of revenue that should be allocated to the service for each bundled sale. Determine the dollars of Sales Revenue and Service Revenue from the January 1 bundled sale that should be reported in the income statement for the period January 1–31.

A highly competitive market for cable companies would likely result in reduced deadweight loss, more diverse and flexible cable package options, the potential for long-term profits, improved customer satisfaction, and tailored cable offerings to cater to individual preferences.

If cable companies were in a highly competitive market, we would expect:

Deadweight loss in the market.

In a highly competitive market, the presence of deadweight loss is less likely. Increased competition promotes efficiency and reduces market inefficiencies, leading to a more optimal allocation of resources and minimizing deadweight loss.

A company to be willing to sell specific channels as well as packaged options.

In a competitive market, cable companies would be motivated to cater to customer preferences and offer more flexible options. This could include selling specific channels or creating customized packages to meet individual needs, as companies strive to differentiate themselves and attract customers.

Cable companies to make profits in the long run.

While competitive markets may result in reduced profit margins due to pricing pressures, efficient and well-managed cable companies can still generate profits in the long run. However, the profit levels might be lower compared to those in monopolistic or less competitive markets.

Customers to have more diverse cable package options.

In a highly competitive market, cable companies would strive to meet customer demands and offer a wider range of package options. This would allow customers to have greater flexibility in choosing cable packages that align with their preferences and budget, leading to higher customer satisfaction.

Cable companies to offer more flexible and tailored cable options.

Competition would encourage cable companies to provide more flexibility in their offerings, avoiding the need for customers to choose between excessive cable packages or no cable at all. Instead, companies would focus on meeting varying customer demands by offering options that match different consumption patterns, providing a better overall experience for customers.

In summary, a highly competitive market for cable companies would likely result in reduced deadweight loss, more diverse and flexible cable package options, the potential for long-term profits, improved customer satisfaction, and tailored cable offerings to cater to individual preferences.

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According to the 1st problem answer is D. Certify that they have disclosed the significant deficiencies to the audit committee and the external auditors.

The CEO and CFO must take all the steps mentioned in options A, B, and C, which involve disclosing the existence of significant deficiencies in internal controls to the external auditors, audit committee, and in their report on the effectiveness of internal controls. Therefore, the step they would not take is certifying that they have disclosed the significant deficiencies, as it is not mentioned as a required step.

an issuer is required to prepare an accounting restatement due to the material noncompliance, as a result of misconduct, with any financial reporting requirement, the CEO and CFO of the issuer shall reimburse the issuer for: B. Any bonus or other incentive-based or equity-based compensation received during the 12-month period following the issuance of the misstated statements

Under the Sarbanes-Oxley Act (SOX), if an issuer is required to prepare an accounting restatement due to material noncompliance resulting from misconduct with any financial reporting requirement, the CEO and CFO are required to reimburse the issuer. However, the reimbursement does not cover all fines and penalties, all legal fees, or their shares of legal judgments against the issuer. The reimbursement specifically pertains to any bonus or other incentive-based or equity-based compensation received during the 12-month period following the issuance of the misstated statements.

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As COVID-19 infection rates decline, the Ministry of Education is considering changing class delivery methods. My preferred class delivery method would be a hybrid approach, combining both in-person and online learning.

This method offers the best of both worlds, allowing students to benefit from face-to-face interaction with teachers and peers while also leveraging technology for flexibility and accessibility.

In-person classes provide valuable opportunities for hands-on learning, group discussions, and immediate feedback. They help students develop important social skills and foster a sense of community among classmates.

Online learning, on the other hand, allows for greater convenience, enabling students to work at their own pace and review course materials as needed. This is particularly beneficial for those with busy schedules or who live far from school.

By integrating these two methods, the hybrid approach can accommodate diverse learning styles and needs, ensuring that students receive a well-rounded education in a safe and adaptable environment.

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The true statement about a company's organizational culture is: D. It refers to the characteristic of publicly committing to the highest professional standards and sticking to that commitment.

Organizational culture refers to the shared values, beliefs, customs, behaviors, and social practices that characterize a company or organization. It is the set of shared values and practices that shape the organization's decisions and actions, as well as the behavior of its employees and managers.

It refers to the characteristic of publicly committing to the highest professional standards and sticking to that commitment. The organizational culture of a company is built on a foundation of shared values, beliefs, and practices that inform its decisions and actions.

It involves adopting the highest professional standards and maintaining a commitment to them publicly. It is crucial to establish and promote a culture of excellence and integrity in an organization.

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Answer:

Explanation:

B. Income Statement

Identifying customers is a business process handled by the human resources function. This statement was false. Thus, option (b) is correct.

Typically, the marketing department of a business is in charge of identifying clients. In a company, the marketing function is normally in charge of consumer identification.

In order to build strategies through the creation of products, advertising, pricing, and distribution to suit the needs of clients, the marketing function must first identify and understand their needs and wants.

As a result, the significance of the customers is a business process handled by the human resources function are the aforementioned. Therefore, option (b) is correct.

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Answer:

they have a timer function that can help your presentation stay on pace.

Answer:

a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers

Explanation:

Answer:

The present value is $537.78

Explanation:

Given

\(Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%\)

Required

The Present Value(I)

To calculate the present value, we simply apply the formula for future value;

\(FV = I *(1 + R)^T\)

Substitute 20,000 for FV; 50 for T and 7.5% for R;

This gives

\(20,000 = I *(1 + 7.5\%)^{50}\)

Convert percent to decimal

\(20,000 = I *(1 + 0.075)^{50}\)

\(20,000 = I *(1.075)^{50}\)

\(20,000 = I *37.19\)

Divide both sides by 37.19

\(\frac{20,000}{37.19} = \frac{I *37.19}{37.19}\)

\(\frac{20,000}{37.19} = I\)

\(537.778 = I\)

\(I = 547.78\ (Approximated)\)

Hence, the present value is $537.78

Answer:

Gain sharing

Explanation:

Gain sharing pay plan is a system of management gives higher share of financial gain to employees that have higher performance.

The aim of this strategy is to seek improved performance through more involvement and participation of its people.

So in this scenario a person improves productivity by developing a new work process and receives a portion of the productivity savings as a monetary reward.

This is a gain sharing pay plan

Answer:

b. $1,811.70

Explanation:

Efficacy means the ability to produce the desired output.

It is definitely important to get feedback from employees and customers.

The raw material cost should be reduced subject to not reducing the quality of the raw material. If the raw material quality is affected then it would affect the sales.

To maximize the shareholder profit the sales should be increased and the cost should be reduced. And strategies should be taken to increase sales.

Achieving the goals and objectives would in turn increase the shareholder's return.

To achieve the goals and objectives strategic planning should be undertaken by the company.

The firms use financial performance to measure the effectiveness of management in utilizing the assets that are available.

This is a term that is a measure of how well a firm is able to make use of its assets that are generated from its businesses and revenue generation.

It also is a measure of the financial health of a business over a period of time.

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Answer:

the letter C

Explanation:

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Your personal credit reflects income versus debt. Option D is an appropriate response.

The capacity to access products or services or borrow money with the idea that you'll pay for them later is known as credit.

Building personal credit involves being reliable when it comes to making on-time, complete payments on all of your debts, including credit card bills, vehicle loans, and mortgages. Your credit score rises as a result. It's crucial to keep in mind that your personal and corporate credit should not be combined.

That which a person possesses personally and which is based on the perceptions held of his moral integrity and professional position.

Your personal credit reflects income versus debt.

Hence, Option D is an appropriate response.

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Answer:

$6,825.00

Explanation:

50x$130=$6,500.00

$6,500 × 5% = $325.00

$325.+$6,500=6,825.00

Steve Jobs, the co-founder of Apple Inc., exhibited remarkable leadership qualities that contributed to his success and the transformation of Apple into one of the world's most valuable companies.

Firstly, Jobs demonstrated a visionary leadership style. He had a clear and compelling vision of creating innovative products that would revolutionize industries. For instance, his vision of a user-friendly personal computer led to the development of the Macintosh.Secondly, Jobs possessed strong passion and charisma. He had a relentless drive to pursue excellence and inspire others to share his vision. His charisma and persuasive communication skills motivated employees and stakeholders His leadership embodied several key elements.

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There's always an end date  even the most successful events reach the decline stage.

Having attainable, measurable, and quantifiable goals is the first step in creating a realistic budget. In this approach, both the forecast and the budget are transformed into useful tools for achieving success.

Budgeting entails creating a properly thought-out strategy for how much money you can spend on a certain activity in any industry. Yet, one of the reasons it's so important for event planning is that it enables planners to establish a goal profit and determine the amount they must earn to break even.

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Answer: d. lowered

Explanation:

Inflation refers to the general increase in the prices of goods and services in a country. Inflation erodes the value of money making it regressively weaker as time goes on.

Real wages have been adjusted for the influence of inflation so that a better comparison can be made over the years and what has been seen is that inflation has lowered the wages of most workers in the U.S. compared to their peers several years ago.

Answer:

Explanation:

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The journal entries for Sanad Ltd. issuing 100000 shares of BD 100 each at a premium of BD 10 per share are as follows:

1. On application:
Debit: Bank (11148 x BD 50) = BD 557400
Credit: Share Capital (11148 x BD 40) = BD 445920
Credit: Share Premium (11148 x BD 10) = BD 111480
2. On allotment:
Debit: Bank (11148 x BD 40) = BD 445920
Credit: Share Capital (11148 x BD 40) = BD 445920
3. On call:
Debit: Bank (11148 x BD 20) = BD 222960
Credit: Share Capital (11148 x BD 20) = BD 222960
The journal entries show the amounts received from the public for the application, allotment, and call of the shares. The share capital account is credited with the amount received for the shares, while the share premium account is credited with the amount received for the premium. The bank account is debited with the total amount received from the public.

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Answer:

Because you're not "old enough" to work, it's like you're still seen as a kid but its different for other countries and states.

Explanation:

DUE TO UNFORTUNATE REASONS YOU CAN NOT bcuz of an age limit. Lifes cruel young blood. The world doesnt want you to advance in life, to strive and prosper. keep living homie :(

The definition of a qualifying child applies to the Earned Income Tax Credit (option b) specifically, as it determines eligibility for this tax benefit.

A qualifying child is a key factor in determining eligibility for the Earned Income Tax Credit (EITC). The EITC is a tax benefit for low-to-moderate-income individuals and families that is designed to provide financial assistance and reduce the overall tax burden. To claim the EITC, you must meet certain criteria, including having a qualifying child.

A qualifying child must meet specific requirements related to age, relationship, residency, and dependency.

These requirements ensure that the child is a legitimate dependent and that the taxpayer is eligible for the tax credit. Meeting the definition of a qualifying child allows taxpayers to claim the EITC, which can provide significant financial support and potentially result in a tax refund.

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Answer:

Policy (SFIP), actually touches and damages NFIP-insured property. A loss caused

by a flood in progress at the time an SFIP comes into effect may be subject to the

flood-in-progress exclusion. If the SFIP was effective prior to the date the flood in

progress began, coverage will be effective. A flood is in progress on the earlier of

either the date the community in which the NFIP-insured property is located first

experiences a flood as defined in the SFIP, or on the date of an event initiating a

flood that directly or indirectly affects areas downstream or in a floodway.

70. Is damage caused by a flood in progress covered?

If a policy is in effect on the date the flood in progress begins, damage caused

by the flood in progress is covered, subject to the terms of the SFIP. If a policy

is effective after the date the flood is in progress, damage caused by the flood in

progress most likely will not be covered. However, each NFIP claim is adjusted

individually and the cause of any loss, and any applicable limitations or exclusion

in the SFIP, is determined during the claims adjustment process.

Explanation:

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The statement that All things being equal, taxpayers, should prefer to recognize deductions during high tax-rate years is True.

The taxpayers are individuals or organization that is been given responsibility by the government to pay their tax.

However, taxpayers, should prefer to recognize deductions in the period of income during low-tax rate years.

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One of the concurrent mechanisms that should deter employee theft is implementing strong internal controls.

Internal controls are procedures and policies put in place by management to safeguard company assets and prevent fraudulent activity.

These controls can include segregation of duties, regular audits, and monitoring employee behavior.

By having a system of checks and balances, employees are less likely to attempt theft as the risk of getting caught is high. Additionally, management can use incentives and promotions to reward employees who exhibit ethical behavior and report suspicious activity.

This can create a culture of honesty and integrity within the organization, further deterring employee theft.

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The statement "Once someone is promoted to facility manager, the job becomes easier because the person has subordinates who can help them. Therefore, they do not need to spend as many hours at the facility" is false because the promotion to the position of facility manager often means that more responsibilities are entrusted to the person holding that position and the job becomes more challenging.

Facility management involves a wide range of responsibilities and duties that are essential for the smooth operation and maintenance of a facility.

Once someone is promoted to the position of facility manager, they become responsible for supervising the daily operations of the facility, coordinating with various teams, overseeing facility maintenance and repairs, ensuring compliance with safety and health standards, and managing the facility's budget and resources.

As such, the job of a facility manager can become more demanding after their promotion. Although subordinates may provide support, they do not take away the facility manager's responsibility for ensuring that all aspects of the facility's operation are running smoothly.

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