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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?
Describe and discuss how the components of corporate social responsibility (i.e, social reporting and environmental reporting) are practiced in your chosen
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 net present value for each project. Compute the annual rate of return for each project.
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 per order as negatively skewed, symmetric or positively skewed? Briefly explain.
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.
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 outlays for the bottom line of the current (last) budget approved by Congress (surplus)
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, 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..
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's report? Explain briefly. Our responsibility is to express an opinion on these ?nancial statements based on our audit.
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