User Account

All Pages

How much deferred revenue would Hodge recognize

Assignment Help Accounting Basics
Reference no: EM132489268

Question - On January 1, 2021, Hodge Beanery received $8,000 from the Kennedy Company in exchange for a coffee roaster that it will deliver to Kennedy on December 31, 2021. Assuming that Hodge views the time value of money to be a significant component of this transaction, and that a 9% interest rate is applicable. How much deferred revenue would Hodge recognize on January 1, 2021?

Reference no: EM132489268

Questions Cloud

Accept the offer on behalf of barry : Andy made an offer to Barry to buy his boat. Barry died before he could respond to the offer. can Barrys estate accept the offer on behalf of barry?
Explain the term fiduciary duty : Explain the term "fiduciary duty". Does your accountant and your hairdresser have the same fiduciary duty towards you and the information that you share with th
What is retail pricing and repricing of merchandise : The decision was made to take a POS markdown to $99.99 and you sold 55 pieces. Calculate the WOS, ST %, build, and markdown to the customer
Outline the steps that an emerging professional : Outline the steps that an emerging professional must take in order to establish a recognized professional status.
How much deferred revenue would Hodge recognize : Hodge Beanery received $8,000 from the Kennedy Company in exchange for a coffee roaster. How much deferred revenue would Hodge recognize
Discuss alans responsibility to bob : Alan is a trained and licensed plumber. he carelessly installed a steam heater in bobs restaurant, and, as a result, bob was seriously burned
Calculate goodwill and non-controlling interest : Prepare the amortization schedule of the acquisition differential, and calculate the consolidated net income and NCI for Year 5.
What would be the monthly payment : You see that there is a 15-year loan available with an annual interest rate of 3.0%. What would be the monthly payment on this loan
How much in dividends did heaton pay : The company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020?

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