Business, 25.06.2019 14:10 caroline5993

On january 1, revis consulting entered into a contract to complete a cost reduction program for green financial over a six-month period. revis will receive $46,400 from green at the end of each month. if total cost savings reach a specific target, revis will receive an additional $23,200 from green at the end of the contract, but if total cost savings fall short, revis will refund $23,200 to green. revis estimates an 80% chance that cost savings will reach the target and calculates the contract price based on the expected value of future payments to be received. prepare the following journal entries for revis: (a) prepare the journal entry on january 31 to record the collection of cash and recognition of the first month’s revenue. (b) assuming total cost savings exceed target, record the entry on june 30 for receipt of the bonus.(c) assuming total cost savings fall short of target and record the entry on june 30 for payment of the penalty.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 10:30

Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst

Answers: 1

Answer

Business, 22.06.2019 17:30

Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months.fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.

Answers: 1

Answer

Business, 22.06.2019 21:50

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.

Answers: 3

Answer

Business, 22.06.2019 23:30

The upper-level managers of synergy technology are meeting for the week to look at the long-term company goals and overall direction of the organization. the ceo has expressed her concern over the economy and has told her managers to look closely at the environment outside the organization before making decisions and to be future oriented. in this meeting, top managers of synergy are

Answers: 2

Answer

You know the right answer?

On january 1, revis consulting entered into a contract to complete a cost reduction program for gree...

Questions