Discuss manual company sells goods to nolan company

Assignment Help Accounting Basics
Reference no: EM131755673

Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If total sales to Nolan are 10,000 units, it will grant a rebate of 2%. If it sells up to 20,000 units, it will grant a rebate of 4%. If it sells up to 30,000 units, it will grant a rebate of 6%. In the first quarter of the year, Manual sells 11,000 units to Nolan at a sales price of $110,000. Manual, based on past experience, has sold over 40,000 units to Nolan, and these sales normally take place in the third quarter of the year.

Reference no: EM131755673

Questions Cloud

Using triangle of corporate strategy model : Write in a paragraph or two a strategic analysis comparing Alibabas with Ebay and VIPS (Vipshop the Chinese company) using triangle of corporate strategy model.
Managerial accounting helps manger to improve performance : how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps manger to improve operational
How should southwestern report each of these three assets : How should Southwestern report each of these three assets on its current balance sheet. Does the company have a gain because the value of the vilsek
Identify the impact of lifo versus fifo : Explain why this amount is referred to as phantom profit. The company uses the periodic method. Identify the impact of LIFO versus FIFO.
Discuss manual company sells goods to nolan company : Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan
What constraints on exercise of management power : What power will the manager be subject to control by either of the parties? What constraints on exercise of management power?
Prepare a schedule for bebe : Bebe Jackson is a successful, 30-year old attorney, social security no. 255-10-0000. She has a law office on Smith Court, but also has an office in her home.
Evaluate two major differences between gaap and ifrs : Evaluate two (2) major differences between GAAP and IFRS with respect to the statement of cash flows
Which method should be used-POQ or EOQ : Wicomico 3DeLight makes 3D printers for entrepreneurs. Which method should be used: POQ or EOQ, and please show work.

Reviews

Write a Review

Accounting Basics Questions & Answers

  On january 1 2014 jay company had 10000 shares of 1 par

on january 1 2014 jay company had 10000 shares of 1 par common stock outstanding and 4000 shares of 100 par value 7

  How much cash will each of the partners receive

Sand, Mell, and Rand are partners who share incomes and losses in a 1:4:5 ratio. After lengthy disagreements among the partners and several unprofitable periods

  What are the strengths and opportunities of adopting IFRS 15

Concerns identified - Re-engineering the finance function, the objectives are: What are the strengths and opportunities of adopting IFRS 15 (about 100 words)

  Nominal gdp and real gdp

Assuming that inflation has occurred over time, what is the relationship between nominal GDP and real GDP in each of the following situations?

  What is the present value of this annuity

If you start making $60 monthly contributions today and continue them for five years, What is the present value of this annuity

  Using the consolidated income statement and consolidated

Using the consolidated income statement and consolidated statement of financial position, identify items that may result in adjusting entries for deferrals.

  Treat deferred tax liabilities

Analysts should treat deferred tax liabilities that are expected to reverse as: A. equity.

  Calculate and record decembers income tax expense

Calculate and record December's income tax expense adjustment -  Record the impairment adjustment - estimates total uncollectible accounts

  Prepare mccormicks journal entries

McCormick Corporation issued a 4-year, $40,000, 5% note to Greenbush Company on January 1, 2011, and received a computer that normally sells for $31,495.

  Suppose taxable income was 980000 in 2011 make the income

the following information is available for remmers corporation for 2010. a. depreciation reported on the tax return

  A deposit of 1434984 representing cash receipts of april 30

the following information is available for prime company as of april 30 2011a. cash on the books as of april 30

  Document flow chart for caesar ltd

1. Using the information in the case study, draw a document flow chart for Caesar Ltd 2. Using the information in the case study, draw a level 0 DFD and a context diagram for Caesar Ltd

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