Find what the revenue reported from the transaction

Assignment Help Managerial Accounting
Reference no: EM132717789

Problem 1: ABC Company collected $3,600 in May of 2013 for 6 months of service which would take place from September of 2013 through February of 2014. The revenue reported from this transaction during 2013 would be:

Option 1: $1,800
Option 2: $2,400
Option 3: $0
Option 4: $3,600

Reference no: EM132717789

Questions Cloud

Create the proper year-end adjustment on dec : XYZ Corporation purchased a one-year insurance policy, If the company neglects to make the proper year-end adjustment on Dec 31, 2013 for the expired insurance.
Compute the service allocation rate for each of CCS services : COMM has 2,500 employees, of whom 20% are office employees. Compute the service allocation rate for each of CCS's services for August
What adjustment to record bad debts for the period : What the adjustment to record bad debts for the period will require a, If Allowance for Doubtful Accounts has a $2,000 credit balance.
What is the probability all members of the committee : What is the probability that at least one member is not tenured and Determine the probability distribution for the number of Hondas in a sample of three cars
Find what the revenue reported from the transaction : Which would take place from September of 2013 through February of 2014. The revenue reported from this transaction during 2013 would be
Discuss potential liability : Discuss potential liability a principle may have to third parties based on the actions of an agent. What factors may limit this liability?
Which division is the most profitable per dollar invested : The operating income and the amount of invested assets in each division of Conley Industries are as follows: Which division is the most profitable per dollar
What non-financial or qualitative information be considered : List the 5 types of incremental analysis situations, What non-financial or qualitative information should be considered with each of the 5 situations?
Calculate the book value of the machine : Wildhorse Co. bought a machine on January 1, 2017. The machine cost $120000 and had an expected salvage value of $28000. The life of the machine was estimated.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine whether more people prefer coke or pepsi

Determine whether more people prefer Coke or Pepsi. Assume that roughly half the population prefers Coke and half prefers Pepsi. How large a sample do you need to take to ensure that you can estimate, with 95% confidence, the proportion of people ..

  Should lakeside outsource part of the conversion process

The make or buy decision In addition to the product cost information for Lakeside, Inc., in Mini Exercise 16.1, product engineering has determined that a certain part of the product conversion process could be outsourced.

  Compute the fixed or variable elements of each cost

Compute the fixed and/or variable elements of each cost. A company has collected the information regarding costs at various levels

  What values should the company use for the four variables

What values should the company use for the four variables given here when it performs its best-case scenario analysis? What about the worst-case scenario

  What is the size of the banks actual reserve

If a bank has access reserves of $8000 and checkable deposits of $150000. If the reserve ratio is 20% what is the size of the banks actual reserve?

  Describe steps used to implement activity-based costing

Briefly describe the five (5) steps used to implement activity-based costing (ABC). What are the advantages of using ABC? State some disadvantages.

  Mathgames produces two electronic handheld educational game

MathGames produces two electronic, handheld educational games: Fun with Fractions and Count Calculus. Data on these products follow.

  Prepare a cash budget for months of october and november

Prepare a cash budget for the months of October, November and December 2015. Write a report on the cash position over this period, and in particular on ways in which you think it could be improved.

  Determine the cost to be allocated to Product L

Determine the cost to be allocated to Product L for this period's $660 of joint costs if the value basis is used. (Do not round your intermediate calculations.)

  How many defective units were produced

How many defective units were produced? Compute manufacturing cycle efficiency (MCE). Compute process productivity. Compute process quality yield.

  Find how many photo-prints did the division have to sell

How many photo-prints did the division have to sell to break even? Oslo Co.'s industrial photo-finishing division incurred the following expenses last year

  Find what is the company plantwide overhead rate

What is the company's plantwide overhead rate if direct labor hours are the allocation base? (Round your answer to two decimal places.)

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!

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