Ask Question
BusinessBusiness
6 September, 06:05

The transaction price excludes discounts, volume rebates, coupons and free products, or services.

+4
Answers (1)
  1. 6 September, 09:51
    0
    d. is the amount of consideration that a company expects to receive from a customer.

    Explanation:

    The price of the transaction is the expected amount that the customer receives to transfer the goods and services. This transaction price depends on the project being completed.

    The transaction price plays a major role in recognizing the revenue as it specifies the contract with the customer, performance obligations, after which only the transaction price is evaluated, then the allocation is done and finally revenue is recognized
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The transaction price excludes discounts, volume rebates, coupons and free products, or services. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Except in rare circumstances, project teams should not attempt to decompose work packages into project activities because work packages provide sufficient detail to develop a project schedule. a. True b. False
Answers (1)
When there is an opportunity to increase profits by compromising the vision of the organization, ceo zach communicates clearly to employees and other stakeholders that the organization will not compromise its values?
Answers (1)
Identical products, as well as a large number of buyers and sellers, are characteristics of a monopolistic market. in such markets, sellers of goods cannot influence the prevailing market price, giving them the role of price in the market.
Answers (1)
Murray Products sells 2,100 kayaks per year at a price of $470 per unit. Murray sells in a highly competitive market and uses target pricing. The company has $990,000 of assets and the shareholders wish to make a profit of 16% on assets.
Answers (1)
Crude oil presently sells for $2 a barrel, and you know that next week it will sell for either $1 or $4 a barrel-with these two possibilities being equally likely.
Answers (1)
New Questions in Business
Which of the following types of advertisements is particularly expensive 1: Internet Ads 2: Newspaper Ads 3: TV infomercials 4: Radio ads
Answers (2)
Used to access a list of sales and expense transactions A customer in the Sample Company A vendor in the Sample Company Matching a banking transaction with a QBO transaction Bank deposits not yet recognized Bank charges not yet recognized Exist for
Answers (1)
A company expects the following sales for the coming year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units 50,000 40,000 70,000 90,000 Average selling price $6 $6 $6 $8 Budgeted sales revenue for the year is: a.$1,050,000. b.
Answers (1)
Tangshan China Company's stock is currently selling for $80.00 per share. The expected dividend one year from now is $4.00 and the required return is 13 percent.
Answers (1)
18. What was a major factor in the failure of (mostly) command economies? A. Lack of voting rights B. Lack of the profit motive C. Not enough military spending D. Abundant basic goods
Answers (2)
Home » Business » The transaction price excludes discounts, volume rebates, coupons and free products, or services.
Sign Up Forgot Password?