Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On July 15, 2016, Ortiz & Co. signed a contract to provide Ever Fresh Bakery with an ingredient-weighing system for a price of $99,600. The system included finely tuned scales that fit into Ever Fresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in Ever Fresh's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. (Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's systems.) If Ortiz was to provide these goods and services separately, it would charge $68,000 for the scales, $10,000 for the software, and $22,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2016, and the calibration service commenced on that date.
Assume that the scales, software and calibration service are all separate performance obligations. How much revenue will Ortiz recognize in 2016 for this contract?
$77,688
$0
$86,818
$99,600
Finally, determine why there is a change in WACC and explain the impact of the components of capital structure on a company’s cost of capital.
Purpose the bank reconciliation at 30 th September, 2012. Purpose the adjusting entries at September 30, consider the NSF check was from a customer on account, and no interest had been accrued on the note.
Prepare the appropriate bad debt expense adjusting entry for the year 2011 and Show how the various accounts related to accounts receivable should be shown on the December 31, 2011 balance sheet.
Program Office has access to a database of the costs of adding similar equipment to 15 other types of aircraft. What is the most appropriate cost estimating method for this situation?
Compute the gross margin ratio (both with and without services revenues) and net profit margin ratio and compare the current ratio and acid-test ratio.
questionfive college seniors with main in accounting are discussing alter - native career plans. the first senior plans
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected
What is the activity rate for Production Setup and $2,500 per setup b. $833 per setup c. $625 per setup d. $400 per setup
What is the main difference between IFRS 9 and IAS 39? Should fair value accounting / mark to market accounting be suspended? Should it be a concern?
The accounting records of Dolphin Company revealed the following information: Dolphin's cost of goods sold is:
Internal Growth Rate Last year, Al's Painting, Inc., reported an ROE of 30 percent. The firm's debt-to-equity was 2.50 times, sales were $20 million, the capital intensity was 1.5 times, and dividends paid to common stockholders were $500,000. The fi..
The Taxpayer Compliance Measurement Program has been controversial. Illustrate what public service do you think it provides? Should it be discontinued or changed in any way? If yes, in what ways and why? If not, why not?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd