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Cass Company enters into a contract with Dearborn Inc. to sell it $50,000 of goods with delivery on May 10, 2017. Cass manufactured the goods at a cost of $33,000. The contract is signed on April 15, 2017, at which time Dearborn pays Cass $25,000. Cass delivers the goods on May 10, 2017, and Cass pays the final $25,000 on that date. Required: 1. On what date does a contract exist between Cass and Dearborn? 2. What are Cass’s performance obligations in the contract? 3. What is the transaction price? 4. Does this transaction price need to be allocated? 5. Prepare Cass’s journal entries related to the contract with Dearborn
You are advising the stakeholders of a small firm that is one of a handful of manufacturers of disposable contact lenses, wetting solution, and other products related to eye care. What would you say to these stakeholders?
Streets in Bellevue are maintained by Public Works Division; "Street Maintenance".Public Works administrators are planning the workforce of this division for next year. Labor hour requirements for the next year are 8,000, 14,000, 29,000, and 18,000, ..
assume you are the manager of your learning team and need to develop a plan that will address the characteristics of
A virus is rapidly becoming a pandemic. You are in charge of the CDC and have been given the authority to distribute a rare, but effective, cure. The problem is that it takes a considerable amount of time to produce the medication. Currently, there a..
Metropolis Health System (MHS) uses a basic work week of 40 hours throughout the sys- tem. Thus, one full-time employee works 40 hours per week. MHS also uses a standard 24-hour scheduling system of three 8-hour shifts. Compute the number of FTEs req..
"Strategic Management" Please respond to the following: Based on what you have learned in this course, select two (2) companies from any industry of your choice, and compare their business models. Analyze the manner in which the set of strategies..
What factors are most significant to you in determining the research design? Why do some researchers change their hypotheses after selecting the theoretical framework?
Discuss the concepts of Global Mix, Global Offer, Global Message and Global Change, by citing any examples you can think of that you have observed, or adding value by contributing to the examples already stated in the reading.
Managing information systems is all about creating a systematic process to handle the incredible amount of information we are bombarded with on a daily basis. What basic functions must any CIS perform for its users?
According to Shockley-Zalabak (2015), effective organizational communication techniques seek to do all of the following EXCEPT: promote sound decision making. Increase environmental uncertainty. bring order out of chaos. Enhance shared meaning among ..
If there are no costs of financial distress to worry about or transactions costs incurred in the process of issuing debt and buying back shares, what should be the price per share of the remaining shares once you are done with the buyback?
Compliance A. While investigating the shares offered to you by your potential boss, you discover that the company you are considering working for is not registered as required under the Securities Act of 1933. what federal and shareholder requirement..
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