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 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 $56,000 from Green at the end of each month. If total cost savings reach a specific target, Revis will receive an additional $28,000 from Green at the end of the contract, but if total cost savings fall short, Revis will refund $28,000 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, assuming total cost savings exceed target, record the entry on June 30 for receipt of the bonus and assuming total cost savings fall short of target and record the entry on June 30 for payment of the penalty. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.)
Determine the markup percentage (rounded to two decimal places) for mobile phones. Determine selling price of mobile phones. Round to the nearest dollar.
Forda Lumber Company owns a 15,190-acre tract of timber purchased in 2007 at a cost of $2,821 per acre. At the time of purchase, the land was estimated to have a value of $651 per acre without the timber. Forda Lumber Company has not logged this trac..
Elucidate the amoutn of revenue if any that should be recognised in the financial statement of ABC's for the year end 31st december 2011???
Spencer Wilkes is the marketing manager at Darby Company. Last year, Spencer recommended the company approve a capital investment project for the addition of a new product line. Spencer’s recommendation included predicted cash inflows for five years ..
What is the current market value of the firm? What will the firm's market value be after the announcement of the new debt issue? (Note that total market value of debt will be D0 + D1 and the interest costs that must be subtracted from EBIT when ca..
Determine Henkel's corporate beta, relever the average industry beta using Henkel's year-end debt-to-equity ratio. Repeat this process for each of Henkel's divisions.
The Accounting Equation is used to develop the organization's financial reports. (1) Describe what liabilities value would be if Assets are $50,000 and Owners' Equity is $25,000 by showing the Accounting Equation (10 points) and (2) provide an exampl..
Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,000 per year. Jane employs a maintenance person at an annual salary of $32,000 and a cleaning person at an annual salary of $24,000...
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler and discuss the standards that are inherent in Global Reporting Initiative (GRI).
Prepare an income statement through gross profit for June 2010 assuming net sales are$87,100 Aikman Corporation
by how many days would the cash conversion cycle be changed?cash conversion cyclecyree inc. has annual sales of
Prepare an annual depreciation schedule for the fixed assets of Bison Industries as of December - Bison Industries is in its first year of operations
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