Find what the revenue reported from the transaction

Assignment Help Managerial Accounting
Reference no: EM132717789

Problem 1: ABC Company collected $3,600 in May of 2013 for 6 months of service which would take place from September of 2013 through February of 2014. The revenue reported from this transaction during 2013 would be:

Option 1: $1,800
Option 2: $2,400
Option 3: $0
Option 4: $3,600

Reference no: EM132717789

Questions Cloud

Create the proper year-end adjustment on dec : XYZ Corporation purchased a one-year insurance policy, If the company neglects to make the proper year-end adjustment on Dec 31, 2013 for the expired insurance.
Compute the service allocation rate for each of CCS services : COMM has 2,500 employees, of whom 20% are office employees. Compute the service allocation rate for each of CCS's services for August
What adjustment to record bad debts for the period : What the adjustment to record bad debts for the period will require a, If Allowance for Doubtful Accounts has a $2,000 credit balance.
What is the probability all members of the committee : What is the probability that at least one member is not tenured and Determine the probability distribution for the number of Hondas in a sample of three cars
Find what the revenue reported from the transaction : Which would take place from September of 2013 through February of 2014. The revenue reported from this transaction during 2013 would be
Discuss potential liability : Discuss potential liability a principle may have to third parties based on the actions of an agent. What factors may limit this liability?
Which division is the most profitable per dollar invested : The operating income and the amount of invested assets in each division of Conley Industries are as follows: Which division is the most profitable per dollar
What non-financial or qualitative information be considered : List the 5 types of incremental analysis situations, What non-financial or qualitative information should be considered with each of the 5 situations?
Calculate the book value of the machine : Wildhorse Co. bought a machine on January 1, 2017. The machine cost $120000 and had an expected salvage value of $28000. The life of the machine was estimated.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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