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

  What benefits and drawbacks are there for a business

What benefits and drawbacks are there for a business that uses a Standard/Traditional Costing model and What benefits and drawback are there for a business

  Determine the mix of chocolates and cards

CDC can decide to accept any quantity of the chocolate card order. Determine the mix of chocolates and cards that it should produce.

  Find will the division manager be inclined to request funds

Clipper Corporation is considering an investment of $70,000 in a project, will the division manager be inclined to request funds to make this investment?

  Jessica porter works in both the jewelry, hosiery department

Jessica Porter works in both the jewelry department and the hosiery department of a retail store.

  What dollar sales is required to attain a target profit

By using a new supplier, If the company decides use the new supplier, what dollar sales is required to attain a target profit of $261,000?

  Calculate the expected cash disbursements for merchandise

Deacon Company is a merchandising company, Calculate the expected cash disbursements for merchandise purchases for April, May, and June.

  What are the budgeted sales for february

If 68,300 pounds of direct materials are needed for production in March, how many pounds of direct materials should be purchased in February?

  How do determine the beta of the new portfolio

How do Determine the beta of the new portfolio? The whole proceeds were used to purchase another stock that has a beta equal to 1.

  What are the actual numbers in the expected annual mileage

What are the actual numbers in the expected annual mileage formula that equals 156,000? In the Over land trucking Freight case

  Compute what amount of direct materials charged to job

Sheffield Corp., What was the amount of direct materials charged to Job 250 assuming the balance in Work in Process inventory is \

  Identify and describe in notes to the financial statement

Identify and describe in the notes to the financial statements the accounting principles and methods used to prepare the financial statements.

  What will be best information to provide in a brief summary

What will be the best information to provide in a brief summary on how to compare of each of the following company's performance for Measuring

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