How much of the transaction price would the company allocate

Assignment Help Accounting Basics
Reference no: EM133024079

Question - AAA Company signed a contract charging a customer P600,000 to change the windows of a customer's house. The contract includes costs for materials and labor. The Company would charge P250,000 for materials if sold separately and P500,000 for labor if the customer will purchase the needed materials.

How much of the transaction price would the company allocate to its performance obligation to provide the needed services to the customer? Present solutions in good accounting form.

Reference no: EM133024079

Questions Cloud

Ripper password cracking tool : Research the John the Ripper password cracking tool used in Linux. How might this tool be used to bypass single factor security methodologies?
Determine the withholding percentage tax : Determine the withholding percentage tax and the expanded withholding taxes against the receipts of the job order contractors
Understanding the complexities of data transmission : Understanding the complexities of data transmission and how it relates to the information technology field is a key foundation to understanding the digital worl
Does self-insurance really mean no insurance : Question - Does self-insurance really mean NO insurance? Let's discuss the concept of self-insurance here in more depth
How much of the transaction price would the company allocate : How much of the transaction price would the company allocate to its performance obligation to provide the needed services to the customer
Multidimensional events generated by adaptive human agents : Given multivariate, multidimensional events generated by adaptive human agents, perhaps it would not be too far a stretch to claim
What is the dividend yield for year one : You expect a share of stock to pay dividends of $1.80, $2.05, and $2.20 in each of the next 3 years. What is the dividend yield for year one
Deliver risk ratings for organization : Faced with the need to deliver risk ratings for your organization, you will have to substitute the organization's risk preferences for your own
Support the development of effective partnerships : 1. What strategies can you employ to support the development of effective partnerships between staff, Aboriginal and Torres Strait Islander people and their com

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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