User Account

All Pages

Discuss the effect on company financial statements

Assignment Help Accounting Basics
Reference no: EM132034152

Question - Abe Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast. The sales manager is elated because she closed a $300,000, 3-year maintenance contract on December 29, 2016, two days before the company's year-end. "Now we will hit this year's net income target for sure," she crowed. The customer is required to pay $100,000 on December 29 (the day the deal was closed). Two more payments of $100,000 each are also required on December 29, 2017 and 2018. Discuss the effect that this event will have on the company's financial statements.

Reference no: EM132034152

Questions Cloud

Increase in cash flows per year from installing machinery : What will be the net increase in cash flows per year from installing the machinery?
Critical component of an individual life-span development : Gender identity-identifying oneself as male or female-is a critical component of an individual's life-span development. Misconceptions and stereotypes abound.
Determine if this is a short-run or long-run cost function : 1. Suppose that each firm in a perfectly competitive market has a cost of TC = 75 + 500Q - 5Q2 + 0.5Q3
What is the most likely wind direction at point d : What is the most likely wind direction (North, South, East, West) at Point D? At Point D, is the pressure rising or falling?
Discuss the effect on company financial statements : Two more payments of $100,000 each are also required on December 29, 2017 and 2018. Discuss effect that this event will have on company's financial statements
Evaluate the purchase of proposed spectrometer : You must evaluate the purchase of a proposed spectrometer for the R&D department. You must evaluate the purchase of a proposed spectrometer for the R&D departme
What other factors might influence steven decision : Potency and efficacy are two of the most misunderstood concepts in the area of drug use. Many overdoses occur because the potency of the newly purchased drug.
What journal entry required to record uncollectible account : If Charmed ages Accounts Receivable & determines estimated uncollectible accounts to be $2,850, what journal entry required to record uncollectible accounts
What steps could you take to reduce your carbon footprint : A person's carbon footprint refers to the amount of carbon dioxide produced by an individual over a given period of time.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd