User Account

All Pages

What amount of sales revenue would Millipede recognize

Assignment Help Accounting Basics
Reference no: EM132709687

Question - On April 19, 2021, Millipede Machinery sold a tractor to Thomas Hartwood, accepting a note promising payment of $120,000 in five years. The applicable effective interest rate is 7%.

Required - What amount of sales revenue would Millipede recognize on April 19, 2021, for the Hartwood transaction?

Reference no: EM132709687

Questions Cloud

What accounts are affected and how : From that money, $3,000 payment was used to pay off Accounts Payable and deposited the rest. What accounts are affected and how
About the future of the conflict : Hypothesize on what reasons exist for feeling hopeful about the future of the conflict. If there is no reason to feel hopeful, explain why.
Prepare the journal entry to record the amortization expense : MicroSystems Inc. acquired a patent for $182,400. Prepare the journal entry to record the amortization expense related to the patent
Arrange to attend public meeting : Arrange to attend a public meeting or other event to observe a public leader
What amount of sales revenue would Millipede recognize : The applicable effective interest rate is 7%. What amount of sales revenue would Millipede recognize on April 19, 2021, for the Hartwood transaction
Structure of municipal government : The mayor-council form of city government is a structure of municipal government in which the voters elect a mayor as the chief executive officer of the city
Discuss short and long term treatment options for the child : Discuss short and long term treatment options for this child, inhaled beta2-adrenergic agonists. Include rationale for your recommendations.
Estimate cash receipts for each month of the first quarter : Estimate cash receipts for each month of the first quarter of 2018. The company expects to collect 84 percent of a month's sales in the month
Explain what external stressors are associated with issue : Describe the contemporary issue and explain what external stressors are associated with this issue. Outline assessment strategies to screen for this issue.

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