User Account

All Pages

How much revenue should the company recognize for the month

Assignment Help Financial Accounting
Reference no: EM132482890

Point 1: Blossom Manufacturing Ltd. sold $407,900 of merchandise on credit to customers in the month of September. During September, the company collected $213,700 cash from its customers. The company estimates that about 2% of the sales will be returned by customers. All sales have terms of n/30.

Question 1: How much revenue should the company recognize for the month of September assuming Blossom uses the contract-based approach to revenue recognition?

Reference no: EM132482890

Questions Cloud

Prepare journal entry to record shipment of goods to pina : Prepare the journal entry to record the shipment of goods to Pina. The goods cost Blossom $19,570 and Blossom uses a perpetual inventory system.
Make Flints December adjusting entry : Flint Corporation issued $540,000 of 7% bonds on November 1, 2017, for $580,171. Make Flint's December 31, 2017, adjusting entry
Implement a neural network and search : Implement a neural network and search its hyperparameters for handwritten digits classification and Add your code in the following blocks, and do not change
Compute Sheridan net cash provided : Depreciation of plant assets $1202000 and Amortization of intangibles 240000. Compute Sheridan's net cash provided by operating activities for 2018
How much revenue should the company recognize for the month : How much revenue should the company recognize for the month of September assuming Blossom uses the contract-based approach to revenue recognition?
Find the adjusted cost of goods sold : Materials-all direct $70,000 Work-in-process 41,000 Finished goods 26,000. Find the adjusted cost of goods sold, after under or overapplied overhead
Terms of the distribution of income : How do you explain: gross domestic product, real GDP, standard of living, recession in a question like : "What limitations does GDP per capita as a measurement
Decrease demand deficient unemployment : Using a diagram, explain how fiscal policy might be used to decrease demand deficient unemployment.
Make Concord January journal entries : On January 1, 2017, it leased to Althaus Company a replicator that had cost $102,700 to manufacture. Make Concord's January 1, 2017, journal entries

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