How much in the april income statement

Assignment Help Finance Basics

Reference no: EM13267979

In the Month of March, Baldwin received orders of 175 units at a price of $15.00 for their product Bill, and in April receives an order for 44 units of their product Bill at $15.00. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 0 units in March, 175 units in April and 44 units in May. They received payment for 175 units in April, and payment for 44 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)

Select

0, $2,625
$3,281 , 0
$1,094 , $1,094
$2,625 , $656

Reference no: EM13267979

Questions Cloud

How would you make your decision : Suppose that you could invest in the following projects but have only $30,400 to invest. How would you make your decision and which projects would you invest in, using Profitability index?

Explain the thermal events-moderate and humid environment : Explain the thermal events that occur during exercise in both a cool/moderate and hot/humid environmentExplain the thermal events that occur during exercise in both a cool/moderate and hot/humid environment

Calculate the angle of the first diffraction minimum : The distance between the first and fifth minima of a single-slit diffraction pattern is 0.40 mm with the screen 50 cm away from the slit, Calculate the angle of the first diffraction minimum

Rate the importance of technology : Rate the importance of technology's role in the process and support your rating.

How much in the april income statement : They received payment for 175 units in April, and payment for 44 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement?

Cost of quality : Cost of Quality

Viruses-malicious software-web server security strategies : Describe new approaches for the detection, control, and prevention of viruses and other malicious software. Detail necessary changes to the websites, browser settings, and remote access.

Determine to the nearest percent the irr projects : Determine to the nearest percent the IRR of the following projects: a. An initial outlay of $10,000 resulting in a free cash flow of $2.000 at the end of year 1, $5,000 at the end of year 2, and $8,000 at the end of year 3.

Describe what happens when listen is invoked for tcp socket : List three standard socket calls that you would expect every connection-oriented server to invoke that would not normally be invoked by any client. Briefly indicate why a typical client would not need to invoke these calls.

User Account

All Pages