On january 1, 2019, quenneville corporation sold equipment to wirtz, inc., for $500,000. the equipment had cost $300,000 to manufacture. the contract with wirtz requires quenneville to provide complete maintenance and repair services on the equipment for 5 years. quenneville's cost to provide the services are $10,000 per year.

1. Total revenue recognized in 2019 is $428,000.

2. Earnings before tax in 2019 is $118,000.

Explanation:

The missing question are as follows

"Quenneville sells the 5-year maintenance and repair services contracts separately for $90,000. Quenneville uses the residual approach to allocate the $500,000 transaction price between the two performance obligations: delivery of the equipment and the maintenance and repair services.

1. What amount of revenue does Quenneville report in 2019

2. What amount of earning before tax does Quenneville report in 2019"

Solution

1. Calculation of the total revenue recognized in 2019

       Particulars                                                Amount

Standalone selling price for equipment        $410,000

($500,000 - $90,000)

Add: Standalone selling price of 5 years       $18,000

maintenance and repair contract

($90,000 / 5 years)

Total revenue recognized in 2019                $428,000

2.  Calculation of earnings before tax in 2019

     Particular                                           Amount

Total revenue recognized in 2019        $428,000

Less: Total expenses                              $310,000

($300,000 + $10,000)

Earning before tax in 2019                    $118,000

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; management is about coping complexity and leadership is about coping with change; i believe this is correct; ///good luck                                          

(b) management: leadership