Sanjeev enters into a contract offering variable consideration. The contract pays him $1,400/month for six months of continuous consulting services. In addition, there is a 60% chance the contract will pay an additional $2,400 and a 40% chance the contract will pay an additional $3,400, depending on the outcome of the consulting contract. Sanjeev concludes that this contract qualifies for revenue recognition over time. Assume that Sanjeev estimates variable consideration as the most likely amount. After Sanjeev has recognized revenue for two months of the contract, he changes his assessment of the chance the contract will pay him $3,400 to 70%. What adjustment to revenue should Sanjeev recognize to account for that change in estimate
Answers: 2
Business, 22.06.2019 11:00
%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket
Answers: 1
Business, 22.06.2019 21:50
Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)
Answers: 3
Business, 23.06.2019 08:30
In the supply-and-demand schedule shown above, the equilibrium price for cell phones is $25 $100 $200
Answers: 2
Business, 24.06.2019 00:30
How can you avoid saying this "year im going to start a buisness" for years
Answers: 1
Sanjeev enters into a contract offering variable consideration. The contract pays him $1,400/month f...
English, 06.12.2021 20:40
Mathematics, 06.12.2021 20:40
Mathematics, 06.12.2021 20:40
Mathematics, 06.12.2021 20:40
Mathematics, 06.12.2021 20:40
Mathematics, 06.12.2021 20:40
Arts, 06.12.2021 20:40