Review case of the mishima technologies company

Assignment Help Accounting Basics
Reference no: EM131705219

Question: Mishima Technologies Company introduced Product X to the market on December 1. The new product carries a one-year warranty. In its first month on the market, Mishima sold 1,000 units of the new product for a total of $1,000,000. Customers have an unconditional right of return for 90 days if they are not completely satisfied with the product. During the month of December, customers returned 200 units of the new product that they had purchased for $200,000.

Required: Determine when it would be appropriate for Mishima Technologies Company to recognize revenue from the December sales of the new product.

Reference no: EM131705219

Questions Cloud

Find the spring constant of spring 2 : The magnitude of the maximum velocity is the same in each case. Find the spring constant of spring 2.
Brands are the five strategic driving forces of CSR : Affluence, sustainability, globalization, communications, and brands are the five strategic driving forces of CSR?
Body diagram for both parts of question : Draw a free body diagram for both parts of this question, also include the formulas Fnet=ma and Fnet = F1 + F1, and any other formulas used:
Sliding friction and air resistance : If sliding friction and air resistance (drag) is 99.5 N, find the acceleration of the sled. In addition, how much force does the football player.
Review case of the mishima technologies company : Mishima Technologies Company introduced Product X to the market on December 1. The new product carries a one-year warranty. In its first month on the market.
How both contribute to organization competitive advantage : Discuss what the necessary connections between structure and culture are and how both contribute to an organization’s competitive advantage.
How much is the cost per equivalent unit for direct material : How much is the cost per equivalent unit for direct materials - Ranger Glass Company manufactures glass for French doors
Discuss kinds of graphic depictions of medical procedures : Explain what you believe is the purpose of these kinds of graphic depictions of medical procedures
Identify the year the trash was deposited : Identify the year the trash was deposited and the evidence for seasonal activities based on the artifacts in the space below.

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.

  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!

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