Solution-Equipment for companies throughout the northeast

Equipment for companies throughout the northeast

Assignment Help Accounting Basics

Reference no: EM13532843

Data Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast. The sales manager is elated because she closed a $300,000 three-year maintenance contract on December 29, 2011, two days before the company"s year-end. "Now we will hit this year"s net income target for sure," she crowed. The customer is required to pay $100,000 on December 29 (the day the deal was closed). Two more payments of $100,000 each are also required on December 29, 2012 and 2013.

Discuss the effect that this event will have on the company's financial statements.

Reference no: EM13532843

Questions Cloud

What complications might arise in trying to compare results : Allman Corporation and Bryant Corporation operate in the same industry. Allman uses the straight-line method to account for depreciation, whereas Bryant uses an accelerated method. Explain what complications might arise in trying to compare the r..

Species in the extinct genus of lystrosaurus : There are at least a dozen known species in the extinct genus of Lystrosaurus . If each species was suited to quitedifferent environments, then this relatively large number ofspecies is likely due to

Explain what would happen to the transmittance value : What would happen to the % Transmittance value if the wavelegth is changed from 447nm to 520 nm

Find what is the tension in the connecting string : Consider a 20.00kg mass and a 50.0 kg mass are connected by way of a rope and this rope is placed over a pulley so that the 2 blocks are hanging over a side. What is the tension in the connecting string

Equipment for companies throughout the northeast : Discuss the effect that this event will have on the company's financial statements - Data Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast.

Calculate the current density of these protons : Near Earth, the density of protons in the solar wind (a stream of particles from the Sun) is 8.30 cm-3 and their speed is about 460 km/s. Find the current density of these protons

Find compounds containing metals : Rank the bonds of CaBr2, CH4, and Na3N, in order of decreasing ionic character. Where do we always find compounds containing metals, in this ranking order?

What is the maximum weight that the wire can support : A 4.0-m-long steel wire has a cross-sectional area of 0.050cm^{2}. Its proportional limit has a value of 0.0016 times its Young's modulus. What is the maximum weight that the wire can support

Define methane and oxygen react to form carbon dioxide : Methane and oxygen react to form carbon dioxide and water. What mass of water is formed if 3.2 g of methane reacts with 12.8 g of oxygen to produce 8.8 g of carbon dioxide

User Account

All Pages

Equipment for companies throughout the northeast

Reference no: EM13532843

Reference no: EM13532843

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT