User Account

All Pages

Discuss the effect that this event will have on the company

Assignment Help Accounting Basics
Reference no: EM131145432

1. Data 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 three-year maintenance contract on December 29, 2011, 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, 2012 and 2013. Discuss the effect that this event will have on the company's financial statements. 

Reference no: EM131145432

Questions Cloud

Which economic systems would be most suitable for a country : Which economic systems would be most suitable for a country: centrally planned, mixed economy, or market economy? Since Canada is the #1 trading partner with the USA, focus specifically on Canada.
Explain in terms of the environmental kuznets curve : Explain in terms of the environmental Kuznets curve.
What effective control systems does health care organization : What effective control systems does a health care organization have in place to ensure that different people with varying professional commitments and approaches are consistent with the organization's mission in a patient-centered environment?
What is the best allocation of workers between the two plant : The marginal product of labor at plant 2 is MP2 = 2000 - L2 where L2 is the number of workers employed in plant 2. Given that you have 1,000 workers, what is the best allocation of workers between the two plants?
Discuss the effect that this event will have on the company : Data Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast.
How would you set about analysing the situation : You are faced with a situation you feel may be unethical. How would you set about analysing the situation? Think carefully about the ethical analysis process, not the potential ethical dilemma.
Why might defenders argue that such tariffs are legal : Compare this situation to the argument over carbon tariffs. Why might defenders argue that such tariffs are legal? What objections can you think of?
How many different ways can those 5 numbers be selected : In South Carolina Palmetto Cash 5 lottery game, winning the jackpot requires that you select the correct 5 numbers between 1 and 38. How many different ways can those 5 numbers be selected?
Analyze complexities of one of production strategies issues : Next, consider operational issues in the U.S. market and analyze the complexities of one of these following issues: Production strategies and Accessing physical resources and managing inventory.

Reviews

Write a Review

Accounting Basics Questions & Answers

  In a period of rising prices for a specific product does

in a period of rising prices for a specific product does the fifo or lifo inventory costing method yield the higher

  What is the weakness of the direct write off method

What amount of bad debts expense will Hermesch Company report if it uses the direct writeoff method of accounting for bad debts?

  Determine the total bond interest expense

Determine the total bond interest expense to be recognized over the bonds' life.

  Consider two types of assets by weyerhaeuser company

consider two types of assets by weyerhaeuser company timber-growing land purchased in 1910 when the company was known

  In performing a test of controls for sales order approvals

in performing a test of controls for sales order approvals the cpas stipulate a tolerable deviation rate of 8 percent

  Bonds to react to the announcement

RJR Nabisco also had $10 billion in bonds outstanding at the time of the dividend increase in Problem 1. How would you expect the bonds to react to the announcement? Why?

  Compute the product cost a unframed print base cost of

nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspunfr

  Suppan company manufactures a variety of tools and

suppan company manufactures a variety of tools and industrial equipment. the company operates through three divisions.

  Speedy delivery systems can buy a piece of equipment that

speedy delivery systems can buy a piece of equipment that is anticipated to provide an 8 percent return and can be

  Donner corporation had net income of 400000 and paid

donner corporation had net income of 400000 and paid dividends to common stockholders of 40000 in 2012. the weighted

  According to the double entry system of book keeping the

1. a business event which can be measured in terms of money and must be recorded in books of accounts is calleda.

  Investment gains and losses

Discuss how we account for investment gains and losses. Is there any controversy here? What is it and why?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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