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 $63,200 from green at the end of each month. if total cost savings reach a specific target, revis will receive an additional $31,600 from green at the end of the contract, but if total cost savings fall short, revis will refund $31,600 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. required: prepare the following journal entries for revis: 1. to 3. prepare the journal entry on january 31 to record the collection of cash and recognition of the first month’s revenue. also record the entry on june 30 for receipt of the bonus assuming total cost savings exceed target. and record the entry on june 30 for payment of the penalty assuming total cost savings fall short of target
Answers: 2
Business, 22.06.2019 13:30, lorip7799ov3qr0
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
Business, 23.06.2019 00:30, Nerdylearner8639
Kim davis is in the 40 percent personal tax bracket. she is considering investing in hca(taxable) bonds that carry a 12 percent interest rate. what is her after- tax yield(interest rate) on the bonds?
Answers: 1
Business, 23.06.2019 06:00, acontrevas1010
If a society decides to produce consumer goods from its available resources, it is answering the economic question
Answers: 1
On january 1, revis consulting entered into a contract to complete a cost reduction program for gree...
English, 22.06.2019 02:00
Physics, 22.06.2019 02:00
Geography, 22.06.2019 02:00