Should the company record sales when orders are placed

Assignment Help Managerial Accounting
Reference no: EM13935101

Consider a large manufacturing company like Boeing that rewards its sales force with bonuses based on sales. For this purpose, should the company record sales when orders are placed or, to be consistent with GAAP, wait until orders are delivered? 

Reference no: EM13935101

Questions Cloud

Existence of just four large cpa firms-service virtually : The existence of just four large CPA firms that service virtually all of the major industrial and financial companies and thus dominate the accounting profession has led to criticism through the years. What dangers do you see from the dominance of a ..
What is the return on debt : Marten Corp has a 14% WACC with a 19% expected return on equity and a 60% debt-to-asset ratio. If Marten pays no income tax, what is the return on debt? If the debt-to-asset ratio increases to 80%, now what is Marten’s WACC?
Substantial dividend or repurchase shares of stock : Residential Inc. produced substantial profits in the previous year. Assume that Residential pays 35% corporate income tax. If investors are taxed at 25% on ordinary income, and have 0% capital gains tax, would Residential’s common stock investors pre..
The obvious algorithm makes 2n - 2 comparisons : Given an array s =(s[1], s[2], . . . , s[n]), and n = 2^d for some d ≥ 1. We want to find the minimum and maximum values in s. We do this by comparing elements of s. (a) The "obvious" algorithm makes 2n - 2 comparisons. Explain.
Should the company record sales when orders are placed : should the company record sales when orders are placed or, to be consistent with GAAP, wait until orders are delivered?
Fix the calculation part in form1 : Format the calculated values as currency which includes trailing zeros; clearing the control used to display the calculated values when the Add menu Item is clicked.
What is the big-o performance estimate : What is the big-O performance estimate of the following function? int f (n) {int sum = 0;
Explain the focus of managerial accounting : Assume the role of Summer and explain the focus of managerial accounting and some of the ways it differs from financial accounting.
Is the er the organelle that synthesizes new membrane : What are the three chief components of eukaryotic cell membranes? Where does each originate? What organelle synthesizes new membrane? What accounts for the stability of phospholipid bilayers in acqueos systems?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Operating activities section of the statement of cash flows

Pella Company presents its statement of cash flows using the indirect method.

  Calculate the variances for the year

Calculate the variances for the year ended December 31,2011, identify the person/department to get additional information from regarding the variances and lastly suggest one plausible explanation for each variance.

  Calculate and interpret standard cost variances

Critically evaluate the role that standard costing plays in planning and control and be able to Calculate and interpret standard cost variances.

  Journal entries

what are the journal entries for this problem?

  Process solutions provides a computer-based document

process solutions provides a computer-based document processing service. the accountant has produced the following

  What is the cost per unit and the price

Using cost-plus pricing, what is the cost per unit and the price? What are advantages and disadvantages of cost-plus pricing?

  Which company is more efficient in generating net sales

1. Compute total asset turnover for the most recent two years for Polaris and Arctic Cat using the data shown.

  Income statement-balance sheet of purchases

Make an income statement for Packer, Inc. for 2013, and the balance sheet as of December 31, 2013. Case study is given below:

  After evaluating null company manufacturing process

After evaluating Null Company's manufacturing process, management decides to establish standards of 3 hours of direct labor per unit of product and $ 15 per hour for the labor rate.

  The necessary jcumal dittoes to correct the errors

The necessary jcumal Dittoes to correct the errors and suspense Account duty balanced

  Determine the best way for sleet plc to invest

Determine the best way for Sleet plc to invest the available capital investment funds and prepare an optimum investment schedule for the company.

  The following information is from the materials requisitions

The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats.

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