How many performances of obligations are there in sale

Assignment Help Financial Accounting
Reference no: EM13827179

Aria Perfume, Inc., sold 3,210 boxes of white musk soap during January of 2016 at the price of $90 per box. The company offers a full refund for any product returned with 30 days from the dated of purchase. Based on historical experience, Aria expects that 3% of sales will be returned. How many performances of obligations are there in each sale of a box of soap? How much revenue should Aria recognize in January?

Reference no: EM13827179

Questions Cloud

Useful life using the double-declining-balance method : Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the accumulated depreciation at the end of the second year of its useful life using the doub..
The long-term financing of investment plans : Both domestic and international capital markets are vital to the long-term financing of investment plans and projects for governments, businesses and individuals.  Moreover, capital markets offer abundant opportunities for investing, borrowing, specu..
Recall was attributable to a design flaw in manufacturer : After a decade of consistent income growth, the Cranor Corp. sustained a before tax loss of $8.4 million in 2011. The loss was primarily due to $10 million in expenses related to a product recall. Cranor manufactures medical equipment, including x-Ra..
Management maturity model and why benefits organizations. : Describe the project management maturity model and why it benefits organizations.
How many performances of obligations are there in sale : Aria Perfume, Inc., sold 3,210 boxes of white musk soap during January of 2016 at the price of $90 per box. The company offers a full refund for any product returned with 30 days from the dated of purchase. Based on historical experience, Aria expect..
Discuss several reasons why the project management institute : Discuss several reasons why the Project Management Institute (PMI) developed the Organizational Project Management Maturity Model (OPM3
Two kinds of plastic bins-regular and large : There are two kinds of plastic bins; regular and large. The machinery can only run for 3500 hours per period. 9 large bins per hour and 17 regular bins per hour can be produced in the same amount of time. Fixed costs are $130,000 per period. The sale..
Primary weaknesses in bioglass promotion policy : Based on the case study, Changing a Promotion System, at the end of Ch. 10, determine what you believe are the three (3) primary weaknesses in BioGlass Inc.'s promotion policy. Next, describe two (2) solutions to address the identified weaknesses. Th..
Expected increase in variable manufacturing costs : Peters Company makes a product that regularly sells for $11.00. The product has variable manufacturing costs of $11.50 per unit and fixed manufacturing costs of $1.60 per unit (based on $180,00 total fixed costs at current production of 120,000 units..

Reviews

Write a Review

Financial Accounting Questions & Answers

  When will your money equal the cost of the laptop

The cost of laptop computers is decreasing at a rate of 12% per year. You can earn 7.4% annual interest from a "junk Bond" fund. If the laptop you want currently costs $1500 and you have $800 to invest, when will your money equal the cost of the ..

  Describe the advantages of a sole proprietorship

A sole proprietorship - A limited liability corporation-Do you recommend that this client choose an LLC or not? Explain your rationale.

  What is divisions residual income if the asset is purchased

Ocean Division currently earns $780,000 and has divisional assets of $3.9 million. The division manager is considering the acquisition of a new asset that will add to profit. The investment has a cost of $675,000 and will have a yearly cash flow of $..

  Calculation of free cash flow for cade

Calculation of free cash flow for Cade. and How much cash did Cade pay to vendors for inventory during the period and How much cash did Cade pay in income taxes?

  Compute the payback period for the machine

Brewer Company is considering purchasing a machine that would cost $626,820 and have a useful life of 9 years. The machine would reduce cash operating costs by $101,100 per year. The machine would have a salvage value of $107,300 at the end of the pr..

  Cyndi corporation reported net accounts receivable on its

cyndi corporation reported net accounts receivable on its september 30 2008 balance sheet of 54320 this amount is net

  The question is about ratio analysis finding out liquidity

the question is about ratio analysis finding out liquidity and solvency of the company.comparative financial statement

  What controls are present in stage of handling cash receipts

What controls are present in this stage of handling cash receipts? What steps could be taken regularly by the manager or other supervisor to provide maximum effectiveness to these controls?

  Accounting basics about closing process in accounting cycle

The question is on accounting basics about closing process in accounting cycle. Show which of the following accounts will be closed to Income Summary at year-end.

  Summarize selling-collection activities for reporting period

For each of the three independent situations below, prepare journal entries that summarize the selling and collection activities for the reporting period in order to determine the amount of cash received from customers and to explain the change in ea..

  Find the initial project cash flow

Which of these should be included in the initial project cash flow related to net working capital and What amount should be used as the initial cash flow for this building project

  Prepare a seven - year forecast of net operating income

Prepare a seven - year forecast of net operating income for the Sated Satyr Apartments

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