On November 1, 20X1, Gerakos Corporation sold software and a six-month technical support contract to a customer for $80,000. Gerakos sells technical support for $30,000. It does not sell the software separately. Gerakos uses the residual method to allocate the transaction price.

Answers

Answer 1

The revenue that Gerakos will recognize in 2019 and 2020 based on the residual method is as follow:

                                       2019          2020

Software                     $50,000         $0

Technical support      $10,000       $20,000 ($30,000 x 4/6)

Total revenue           $60,000       $20,000

What is the residual method of revenue recognition?

Under the residual method, the price of the technical support of $30,000 is apportioned between 2019 and 2020.  Since the contract for technical support is for a six-month period, $10,000 ($30,000 x 2/6) will be recognized in 2019 while $20,000 ($30,000 x 4/6) is deferred to 2020.  However, the revenue for the sale of the software is recognized only in 2019.

Question Requirement:

What amount of revenue does Gerakos recognize in 2019 and in 2020?

Thus, in 2019, Gerakos will recognize a revenue of $60,000 and $20,000 in 2020.

Learn more about the residual method of revenue recognition at https://brainly.com/question/22985922


Related Questions

John can eat a sixth of a pizza in two minutes. It takes 3 minutes for Billy to eat one quarter of the same pizza. If John and Billy start eating one pizza each, who will finish first?

Answers

Answer:

They both will finish at the same time.

Step-by-step explanation:

John can finish [tex]\frac{1}{6}[/tex] of the pizza in 2 minutes.

2 minutes ---> [tex]\frac{1}{6}[/tex]

1 minutes ---> 0.833

Billy can finish [tex]\frac{1}{4}[/tex] of the pizza in 3 minutes.

3 minutes ---> 0.25

1 minutes ---> 0.0833

Therefore, they both shall finish at the same time.

Answer:

It takes John and Billy 12 minutes, and they will finish at the same time.

Step-by-step explanation:

In one pizza, there are 6 sixths and John will take .

2 × 6 = 12 minutes to finish one pizza

In one pizza, there are 4 quarters and Billy will take .

3 × 4 = 12 minutes to finish one pizza.

It takes each one of them 12 minutes and they will finish at the same time.

Answered by: ms115

convert 9.6 hectometets to dekameters

Answers

To change from hectometer to decameter multiply by 10

9.6 x 10 = 96


answer: 96 decameters

Answer:

96 dac.

Step-by-step explanation:

Multiply 9.6 with 10

After driving for 2 hours, Juan is 110 miles from his home. After driving 5 hours, he is 275 miles from his home. What is his average rate of change? (Do not include units in your answer. For example, if your answer is 100 miles per hour, only write 100.)

Answers

Answer:

55

Step-by-step explanation:

Step 1: Divide each mile he drove by the hours:

110 ÷ 2

[tex]\frac{110}{2}[/tex]

= 55

275 ÷ 5

[tex]\frac{275}{5}[/tex]

= 55

Note - the next step is not necessary in this case even though it asked for the average because if both results are the same, then that is the answer.

Step 2: Find the average of the two results:

[tex]\frac{55+55}{2}[/tex]

[tex]\frac{110}{2}[/tex]

= 55

Therefore, the average rate of change is 55 miles per hour.

Help ASAP please math real answers

Answers

Answer:

y = 4x+2

Step-by-step explanation:

For the lines to be parallel, they need to have the same slope. The line given has a slope of 4 (m=4). We now use this in the point intersect formula

[tex]y - y_0 = m(x-x_0)[/tex] with the point given (-1,-2). Hence, we get[tex]y-(-2)= 4(x-(-1))[/tex]

[tex]y+2=4(x+1)[/tex]

[tex]y=4x+2[/tex].

To check, you can plug in the point we used and make sure you get the same number on both sides.


how would i solve this does anyone know?

Answers

You need to use pythagorean’s theorem. so a^2+b^2=c^2.

in this case it would be 6^2+8^2=c2

36+64=100

the square root of 100 is 10

x=10

PLEASS HELP ME WITH THIS QUESTION ASAP!!!!

Answers

Answer:

Part A: 1083.5 ft

Part B: 1921.37 ft

Part C: 66.93°

Step-by-step explanation:

Simplify the following expression. X^2/9 . X^-4/9 x^2/9 . X^-4/9

Answers

Answer:

a

Step-by-step explanation:

i hope it is b if its not im sorry

What is 43 x 2452?
Also
(I am trading khaki icicle earrings in animal jam play wild, willing to take offers!) (sorry for being off topic I’m just desperate :-:)

Answers

[tex]43*2452=105436[/tex]

Step-by-step explanation:

Hope it will help you.

Answer:

105,436

Step-by-step explanation:

2,452
x   43

======

   7,356

+98,080

========

105,436

Determine the domain and range of the following

[(-3,9),(2,4),(-1,1),(0,0),(1,1)]

Domain:
Range:​

Answers

domain: [-3, 2] or {-3, -1, 0, 1, 2}
range: [0, 9] or {0, 1, 4, 9}

What is the volume of this prism?
Enter your answer in the box.

Answers

Short Answer: 560 cm squared

Long Answer:

You can get the volume of a rectangular prism by multiplying the height, width, and length together.

Help help math math math

Answers

Answer:

3

Step-by-step explanation:

Get rid of fractions:

Multiply the whole equation, i.e. all terms both sides of the equals sign, by the denominator or the lowest common multiple of all denominators if there are multiple fractions in the equation;

In this case, only one term is a fraction and therefore has a denominator (i.e. 7), so it is this number we multiply the equation by to get:

7(y) = 7(-³/₇.x) + 7(3)

7y = -3x + 21

3x + 7y = 21

Answer:

3 sir

Step-by-step explanation:

HELLO CAN ANYONE ANSWER THIS PLEASE I WILL MARK YOU THE BRAINLIEST !!!

Answers

25 degrees is the answer. CBE is supplementary to ABC. That means those two angles add up to 180 degrees.

Answer:

ANGLE CBE=25°

EXPLANATION:

LET ANGLE CBE BE X.

ANGLE CBE = ANGLE ABD

CBE=ABD=X

X+X+155°+155°=360°

2X+310°=360°

X=360-310/2

X=50/2

X=25°

:)

A pet store employee counts 23 heads and 68 feet on the animals in the store. The store currently only has kittens and parakeets left in the store. How many of each are there?

Answers

Answer:

11 kittens and 12 parakeets

Step-by-step explanation:

each kitten has 4 feet while each parakeet has 2

11 x 4 = 44 (kittens)

12 x 2 = 24 (parakeets)

11 + 12 is 23 which is your 23 heads.

44 + 24 is 68 which would be your feet

plssss help meeee!!!!!!!​

Answers

Answer:

Both ran the same area

Step-by-step explanation:

Find the 12th term of the arithmetic sequence 2x + 8,6x + 5, 10x + 2, ...

Answers

Answer: The 12th term is 46x -25

Step-by-step explanation:

It is increasing by 4x and decreasing by 3 through each term, this represents the d. a1 has already been identified as 2x +8, so you just have to write down the formula and the solve form there by plugging in the 12 in (n-1) to find the answer.

Explain how you can find whether 5/6 or 5/8 is greater.​

Answers

Answer:

5/6

Step-by-step explanation:

5/6 is greater than 5/8 because if you draw out a rectangle and put six equal squares and shade it 5 times the same as the 5/8. 5/6 is greater.

Answer:

5/6

Step-by-step explanation:

you have to get a common denominator aka the bottom number so

8. 6

16. 12

24. 18

32. 24

40. 30

See how they both have a 24 so 5/6 you have to multiply it by 4 and 5/8 you have to multiply by 3 so now me have 20/6 and 15/24 as you can see 20 is bigger than 15 so 5/6 is bigger btw this is how you will have to do it in middle school so try to get used to it and also its kinda simple

Where to put this on the number line? ​

Answers

Answer:

Step-by-step explanation:

add 9 to both sides.
then divide by 1.5

so p > 8

number your number line: 2,4,6,8,10

draw a circle at 8 and the line to the right since p>8

Answer:

p > 8

label your number line from, say, 7 to 11

put an open dot on 7 and shade to the right

Step-by-step explanation:

1.5p - 9 > 3

add 9 to each side to get:

1.5p > 12

divide each side by 1.5

p > 12/1.5

p > 8

label your number line from, say, 7 to 11

put an open dot on 7 and shade to the right

solution is all values greater than 7

To continue our talks of unit conversions I found this 160 square meter townhouse in Italy that is being sold for 157,000 Euros. Given 1 Euro =$1.18 U.S.
the size of the townhouse in square feet
the cost of the townhouse in U.S. dollars
the price per square foot.

Answers

Answers:
1.)529.934 sq feet
2.) $185,260
3.)(usd) $349.59 per square foot
Explanation:
1.) 1 meter is 3ft and 3.37 inches. All you have to do is multiply that by 160
2.)one euro is worth 1.18 usd, so all you have to do is multiply the amount of euros (157,000) by 1.18
3.) this uses a combination of what we have gotten. You have to divide the total price in usd (185,260) by the amount of square feet there are (529.934)

The size of the townhouse is: 1,722.23 square feet, the cost of the townhouse is: $185,260.00, and the price per square foot is: $107.69.

How to apply unit conversions?

1. To convert the size of the townhouse from square meters to square feet, we'll use the conversion factor: 1 square meter = 10.7639 square feet.

Size of the townhouse in square feet:

Size in square feet = 160 square meters × 10.7639 square feet per square meter

Size in square feet = 1,722.23 square feet (rounded to two decimal places)

2. Cost of the townhouse in U.S. dollars:

Cost in U.S. dollars = 157,000 Euros × $1.18 U.S. dollars per Euro

= $185,260.00

3. Price per square foot:

Price per square foot = Cost in U.S. dollars / Size in square feet

= 185,260.00 / 1,722.23

≈ $107.69 (rounded to two decimal places)

Learn more about unit conversions on:

https://brainly.com/question/30850837

#SPJ3

What is the distance between -6 and 15?
(HELP)

Answers

Answer:

21

Step-by-step explanation:

15-(-6)=21

Answer:

21

Step-by-step explanation:

Since (-6) is a negative number, we will have to cancel it out with positive 6 to get to 0. Then you add 6 and 15 to get 21.

Please view image & please help.. thank you appreciate it:)

Answers

is it -12 cause, I've not done these in a long time but if you do 6 - (-12) you get 18 and 18 is bigger that 16. I hope it's right but I'm unsure.

help me plz!!!!!!!!!!!!!!!!

Answers

Answer:

Graph A

Step-by-step explanation:

-y=-2-3x

y=3x+2

Slope:3

y-intercept:2

Are the following triangles similar? Justify your reasoning using mathematics.

Answers

Answer:

the two triangles are similar as the angles in the first triangle are equal to the corresponding angles in the second triangle.

Least to greatest foot yard inch meter centimeter and mile

Answers

Answer:

centimeter, inch, foot, yard, meter, mile

Step-by-step explanation:

:)

How do I graph this inequality

Answers

Answer:

-5 < x ≤ 1

Step-by-step explanation:

Please help, I need to do this assignment now!

A given data set has a symmetrical shape.
Which statement is true about the data set?

(There are no attachments to this question.)

Answers

Answer: The mean is equal to the median.

Step-by-step explanation:

Median is the middle value of a given data set. In asymmetric distribution, the data on the left side of the median is equal to the data on the right side of the median. Therefore, the mean of that data is equal to the median of the symmetric distribution.

Davita can jog 2,000 feet in 4 minutes. If she jogs at the same rate, how many feet can she jog in 8 minutes?

Answers

4,000

Step-by-step explanation:

because if she does 2,000 in 4 min then in 8 she wpuld do 4,000

It takes Joan 2 times longer than Jane to file the reports. ​Together, they can file the reports in 8 minutes. How long would it take each woman to file the reports by​ herself?

It takes Jane _ minutes to complete the job.

It takes Joan _ minutes to complete the job.

Answers

Answer:

It takes Jane 2 2/3 minutes

It takes Joan 5 1/3 minutes

Step-by-step explanation:

let j = time it takes Jane

let 2j = time it take Joan

j + 2j = 8

3j = 8

j = 8/3 or 2/23

2j = 16/3 or 5 1/3

A goalie saves 14 and goals scored against 6 what percent of shots did goalie save

Answers

The goalie saves 14% out pf the 6

mABD = (6x+4) and mDBC = (8x-4)​

Answers

Answer:

factor( 6x+4)

=6x+4

=2(3x+2)

Step-by-step explanation:

factor (8x_4)

8x_4=4(2x_1)

The cupboard is 5,2 ft long.Will the cupboard fit along the wall that is 2,1 m long? Show calculation

Answers

Answer:

It will

Step-by-step explanation:

A meter is about 3,3 feet so 2,1 meters is 6,8 feet meaning that yes it will fit.

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