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Question - BMW agrees to sell Joe Customer a new BMW 650i for $85,000 on December 4, 2012 through one of its company-owned dealerships. The cost to BMW to produce the car is $60,000. Because of the highly specified nature of the options requested by this customer, BMW must build the car from scratch, a process that will take 8 weeks. BMW anticipates delivering the vehicle on February 1, 2013. Under current GAAP, how much revenue should BMW recognize in 2012 and 2013?
betty derose inc. manufactures a single product. the company is in the process of preparing its 2006 master budget and
libby company purchased equipment by paying 5000 cash on the purchase date and agreeing to pay 5000 every six months
What is the amount and character of Rex's recognized gain
Determine the appropriate cash flow statement treatment for (1) classification (e.g., operating, investing, financing)
widner company understated its inventory by 10000 at december 31 2010. it did not correct the error in 2010 or 2011. as
Read "A Strategy of Scarcity" on page 525 of your text. Can you think of any other products that are similar in that the turnover is very slow.
Refer to the information in QS 6-1 and assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned.
Examine two benefits of using sensitivity analysis in evaluating the projects for your selected company. Suggest how this approach can provide a competitive advantage for the company.
describe other enhancing qualities of useful financial information
Variable selling and administrative costs 129,000. Calculate the operating income for May under absorption costing
cash -- 280000raw materials inventory -- 32000goods in process inventory -- 31000 2800 of direct materials 5000 of
Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities
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