User Account

All Pages

Compute how much total revenue gamesa record on contract

Assignment Help Financial Accounting
Reference no: EM132743203

Suppose that Gamesa sells a wind turbine combined with a service contract for 100 on December 31, 2010. The wind turbine itself normally sells for 80 and the service contract, which runs for two years sells for 20, and takes effect on January 1, 2011.

Problem a. How much total revenue should Gamesa record on the contract in 2010?

Problem b. How much total revenue should Gamesa record on the contract in 2011?

Reference no: EM132743203

Questions Cloud

Create a new package for cox bazar : You are a manager of Bengal Tours, a popular travel agency in Bangladesh, which has been operating tours in Bangladesh and abroad.
Yielded additional valuable information : What approaches could have yielded additional valuable information?
Record all journal entries to dissolve the partnership : The partners were able to collect $2 500 of the accounts receivable and sell the equipment for $72 000. Record all journal entries to dissolve the partnership
Travel agency business in sylhet : Now, choose the form of business, design your own organizational structure, name thed ifferent functions that will be required to operate the business
Compute how much total revenue gamesa record on contract : Find How much total revenue should Gamesa record on the contract in 2011? How much total revenue should Gamesa record on the contract in 2010?
Compute the price of the preferred stock : Molen Inc. has an outstanding issue of preferred stock with a QUARTERLY dividend of $0.5 per share. Compute the price of the preferred stock
Evaluate lenscrafters operations strategy : Evaluate LensCrafters' operations strategy and explain how the organization seeks to gain a competitive advantage in terms of sustainability.
Research design to see the effect of exports : Based on the description above, make a research design to see the effect of exports, tax revenues and the exchange rate on economic growth in Indonesia!
Do should recognize liability for the warrantees outstanding : Suppose that Gamesa also issues warranties on the wind turbines they sell. Do you think they should recognize a liability for the warrantees outstanding?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Analysis of its csr reporting and practice motivation

Describe and discuss how the components of corporate social responsibility (i.e, social reporting and environmental reporting) are practiced in your chosen

  Determine the gain or loss on the sale of the equipment

Equipment was acquired at the beginning of the year at a cost of $522,285. The equipment was depreciated using the straight-line method based on an estimated useful life of 18 years and an estimated residual value of $49,785. What was the depreciatio..

  Compute the cash payback period for each project

Compute the cash payback period for each project. Compute the net present value for each project. Compute the annual rate of return for each project.

  What the transaction to record deprecation would affect

Lomax Enterprises should recognize depreciation expense in Year 2 in the amount of $5,000. The transaction to record deprecation would affect

  Describe the shape for the distribution of number of items

Describe the shape for the distribution of number of items per order as negatively skewed, symmetric or positively skewed? Briefly explain.

  Prepare the journal entry to record kisses rich investment

KISSES RICH INC, purchased as a log-term investment $80 million of 8% bonds dated January 1, on January 1, 2011. Management has the positive intent and ability to hold the bonds until maturity.

  Direct materials price and usage variances

Wheeler Corporation produces and sells special eyeglass straps for sporting enthusiasts. For the year, the company budgeted for production and sales of 1,200 straps. However, the company produced and sold just 1,100 straps.

  Report the current federal debt in trillions of dollars

Report the current Federal debt in trillions of dollars. Report the outlays for the bottom line of the current (last) budget approved by Congress (surplus)

  Find the controlling interest share of the consolidated

Plover Corporation acquired 80% of Sink Inc. Make a schedule to determine the controlling interest share of the consolidated net income for 2013, 2014, and 2015

  Present value issues using the present value tables

Present Value Issues Using the present value tables, solve the following: (Click here to access the time value of money tables to use with this problem.) Round your answers to two decimal places. Required: What is the present value today of $30,000 d..

  Statement of cash flows - prepare the spreadsheet

Prepare the spreadsheet for the 2012 statement of cash flows. Format cash flows from operating activities by the indirect method.

  What are the basic elements of auditor report

What are the basic elements of auditor's report? Explain briefly. Our responsibility is to express an opinion on these ?nancial statements based on our audit.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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