Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On July 15, 2016, Ortiz & Co. signed a contract to provide Ever Fresh Bakery with an ingredient-weighing system for a price of $90,000. The system included finely tuned scales that fit into Ever Fresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in Ever Fresh's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. (Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's systems.) If Ortiz was to provide these goods and services separately, it would charge $60,000 for the scales, $10,000 for the software, and $30,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2016, and the calibration service commenced on that date.
Assume that the scales, software and calibration service are viewed as one performance obligation. How much revenue will Ortiz recognize in 2016 for this contract?
$37,500
$90,000
$63,000
A company's Cash account shows a balance of $3,420 at the end of the month
Suppose that the annual interest rate this year is 5%, and financial market participants expect the annual interest rate to increase to 5.5%next year to 6% two years from now and to 6.5% three years from now. determine the yield to maturity on each o..
Determine the best regression equation possible given the data in Table 1 and the fact that overhead is to be the dependent variable.
Which of the following income items is treated as earnings from self-employment?
Chipper Division of Acme Corp. sells 80,000 units of part Z-25 to the outside market. Part Z-25 sells for $40, has a variable cost of $22, and a fixed cost per unit of $10. Chipper has a capacity to produce 100,000 units per period. Jones Division cu..
Prepare journal entry to reimburse it on January 8. Create a journal entries to both reimburse the fund and increase it to $240 on January 8, assuming no entry
The statement of financial position is another name for the income statement. The income statement only statement dated as of a point in time. Assets and liabilities come into existence at different times and are not affected the same way by inflatio..
Identify and explain the deficiencies in the statement prepared by the company's accountant. Include in your answer items that require additional disclosure, either on the face of the statement or in a note.
The property managers transfer cash to O'Conner monthly and prepare their own bank reconciliations. The manager in Lansing has been stealing from the company. To cover the theft, he understates the amount of the outstanding checks on the monthly bank..
Provide a brief comment on each of these to help the bank manager review the accounts.
Pay $420 per month for 9 months and an additional $11,500 at the end of 9 months. The dealer is charging 24 percent per annum. When you buy the car, pay cash equal to the present value of the payments in option (a). Determine how much cash the dealer..
Which of the following is not correct in regards to normal balances?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd