User Account

All Pages

Discuss the machines will be delivered at a rate

Assignment Help Accounting Basics
Reference no: EM131753312

On January 1, 2017, Fryer Company enters into a contract to supply 600 pastry frying machines to aregional donut retailer. The machines will be delivered at a rate of 25 machines per month over 2years at a transaction price of $1,000 per machine. The salesperson received a $36,000 salescommission on the date the contract was signed. The journal entry to record the transaction onJanuary 1 will include a
a.debit Prepaid Sales Commissions for $36,000.b.debit Sales Commission Expense for $36,000.c.credit Sales Revenue $600,000.d.credit Sales Revenue $564,000.

Reference no: EM131753312

Questions Cloud

Explain evolving nature of clinical psychology : Discuss the history and evolving nature of clinical psychology. Explain the role of research and statistics in clinical psychology.
Discuss the predetermined overhead rate : Actual indirect costs are $600,000 and actual labour hours are 504,000. The predetermined overhead rate.
What can employee do to stop fraud other than whistleblowing : Is there a downside to encouraging whistleblowers? If so, what? What can an employee do to stop fraud other than whistleblowing?
Define brake-pad widths of cars in for inspection : Is there any evidence to suggest that the variance in brake-pad widths of cars in for inspection is greater at private garages than at dealerships?
Discuss the machines will be delivered at a rate : The machines will be delivered at a rate of 25 machines per month over 2years at a transaction price
She expects to earn a 8 percent before-tax rate of return : She expects to earn a 8 percent before-tax rate of return. what is Nina's after-tax accumulation from her 2015 contributions to her 401(k) account
Write a research report based on a hypothetical research : Write a research report based on a hypothetical research study. The results section is where the raw uninterpreted data is presented.
Determine that the distribution of weight is normal : Is there any evidence to suggest that the mean amount of corrosive material carried by trucks in North Carolina is different from the mean amount of corrosive.
Higher in inner cities than in suburbs : Discuss why you believe the heroin use is higher in inner cities than in suburbs.

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