User Account

All Pages

How much are the balances of installment accounts

Assignment Help Financial Accounting
Reference no: EM132797179

Question - Bell Co. uses the "installment sales method." In 20x1, Bell Co. sells an inventory costing 450,000 for an installment sale price of 600,000. Bell makes the following collections:

20x1 400,000

20x2 150,000

20x3 50,000

Required -

How much are the realized gross profits in 20x1, 20x2 and 20x3, respectively?

How much are the balances of installment accounts receivable at the end of 20x1, 20x2 and 20x3, respectively?

How much is the deferred gross profit at the end of 20x1, 20x2 and 20x3, respectively?

Reference no: EM132797179

Questions Cloud

What amount would ralston allocate to job using the company : What amount would Ralston allocate to job 345 using the company current, traditional system? What amount of manufacturing overhead will be allocated to Job 345
Comment on the company efficiency in the use of its assets : A company had net sales of $230,000 for 2010 and $288,000 for 2011. Comment on the company's efficiency in the use of its assets
Describe what happens at a branch point : When analyzing a phylogenetic tree, branch points are important elements that give the tree structure.
Understanding of the timeline of evolutionary history : Why is this site so important to the understanding of the timeline of evolutionary history, and to fossils and fossil preservation?
How much are the balances of installment accounts : How much are the balances of installment accounts receivable at the end of 20x1, 20x2 and 20x3, respectively
Explain at least benefits of segmenting and targeting market : List and Explain at least benefits of segmenting and targeting markets. Define the concept of market segmentation and explain importance for new small business.
The science of evolution : Watch the video, The Science of Evolution, and address the following: Describe two things that you learned about DNA from the video.
What makes some people healthy and others unhealthy : What makes some people healthy and others unhealthy? How can we form a society where individuals have a chance to live long healthy lives?
What evidence supports the theory of evolution : How does artificial selection result in the evolution of domesticated species?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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