Determine total revenue including sales allowance

Assignment Help Accounting Basics
Reference no: EM131801669

If I want to record my recognized revenue for year 2018 for this scenario, should I still put $525,000 instead of (52500-17500) $35,000?

Scenario:

"During 2018, The Company provides services to the U.S. Navy for $525,000. The U.S. Navy will pay $175,000 at the end of each year for the next three years, beginning in 2018."

How many more items should be subtracted from total revenue including sales allowance, sales discount and returns?

Reference no: EM131801669

Questions Cloud

Determining the given production function : Production suppose that the production function for a company is given by Q = 80K1/4L3/4.
Product or service surviving with competition : How is your chosen product or service surviving with this competition? Compare strengths and weaknesses of the competitive product or service compared.
Identify the key conclusions the video comes to and presents : Identify the key conclusions the video comes to and presents? Provide your analysis/answer in five or more sentences.
Could criminal charges be brought against pestinikas : Under the criminal code of the state of Wisconsin, could criminal charges be brought against Pestinikas?
Determine total revenue including sales allowance : How many more items should be subtracted from total revenue including sales allowance, sales discount and returns
Share a current event article with the class : Share a current event article with the class that relates to the concepts covered in this week's reading.
What is the significance of the commerce clause : What is the significance of the Commerce Clause? Discuss what it is, what it covers, and why it is important in business today.
What is the significance of the commerce clause : What is the significance of the Commerce Clause? Discuss what it is, what it covers, and why it is important in business today.
Picture right leads to better decisions image theory : Getting the Picture Right Leads to Better Decisions Image theory (1996) was regarded as a definitive work by Lee Roy Beach

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.

  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!

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