User Account

All Pages

How much revenue would be recognized

Assignment Help Accounting Basics
Reference no: EM132158550

Question - Appliance sells ovens (and the related installation and maintenance) to customers at the following prices:

Oven only: $800

Installation only: 125

Maintenance only: 175

Oven with Installation and Maintenance: 1000

The Maintenance services provide for any necessary servicing and repairs for two years.

A. A sale of an oven with installation and maintenance is made. Allocate the $1000 sale price among the three components.

B. Assume a sale of an oven with installation and maintenance was made on July 1, 2017. How much revenue would be recognized for the year ended December 31, 2017?

Reference no: EM132158550

Questions Cloud

Journalize the entries on january and december : Lambert Company issues $700,000 of 10%, 10-year bonds on January 1, 2017 at 102. Journalize the entries on January and December
Understand presentation with adjusted pictures : In powerpoint, what are some key importance to understand presentation with adjusted pictures, animated content, and slide timings?
What insights about affective and social development did you : What insights about affective and social development did you gain during the interviews? Did anything surprise you? If so, what, and why?
Likelihood or severity of a cyber attack : Nobody can predict the likelihood or severity of a cyber attack. Thus, it is almost impossible for an insurance company to set the level of premiums
How much revenue would be recognized : Assume a sale of an oven with installation and maintenance was made on July 1, 2017. How much revenue would be recognized for the year ended
Compute and display the total cost : After the input loop, compute the tax amount based on an 8.8% sales tax. Then, compute and display the total cost.
Do you think that emerging adulthood is a distinct phase : Do you think that emerging adulthood is a distinct phase, or is it merely an extension of adolescence or early adulthood? Why?
Calculate his distributive share of ordinary income : The XYZ Partnership reports the following operating results for the current year: Calculate his distributive share of ordinary income
Company claims that would be adverse selection : The insurance company claims that would be adverse selection. Social media companies are more risky than banks with respect to cyber risk.

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