A car dealership sells a 3 year warranty to its customers

Assignment Help Accounting Basics

Reference no: EM13595599

A car dealership sells a 3 year warranty to its customers for a one time fee paid at the time of enrollment. The dealership recognizes revenues when the customer pays for the membership fee. Does the dealership account for the revenues correctly? Support reason.

Reference no: EM13595599

Questions Cloud

How do primary debt and equity market transactions benefit : how do primary debt and equity market transactions benefit corporations? why do secondary market transactions for

A car dealer sold a car on december 31 2010 the dealer : a car dealer sold a car on december 31 2010. the dealer agreed to let the customer pay cash in january 2011. does the

A mixture of ideal gases having a total mass of 141 g is : a mixture of ideal gases having a total mass of 14.1 g is placed in a 13 l vessel at 251.0 k. the equilibrium pressure

Write the chemical mechanism that explains the formation of : write the chemical mechanism that explains the formation of products from the dehydration of 2-methylcyclohexanol under

A car dealership sells a 3 year warranty to its customers : a car dealership sells a 3 year warranty to its customers for a one time fee paid at the time of enrollment. the

Aluminum has a face-centered cubic lattice with all atoms : aluminum has a face-centered cubic lattice with all atoms at lattice points and a unit-cell edge length of 405.0 pm.

The concentration of fe3 ion at the beginning of an : ironiii chloride is reduced by tinii chloride.2 fecl3aq sncl2aq ---gt 2 fecl2aq sncl4aqthe concentration of fe3 ion

If an ideal gas initially at 12 bar and 15 l is compressed : question if an ideal gas initially at 1.2 bar and 1.5 l is compressed at constant temperature to a volume of 0.6 l what

On january 1 2009 a company acquired equipment for 120000 : on january 1 2009 a company acquired equipment for 120000. the estimated life of the equipment is 5 years or 20000

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages