User Account

All Pages

How much sales revenue is recognized for discalced barefoote

Assignment Help Accounting Basics
Reference no: EM132805964

Problem 1: DISCALCED BAREFOOTED NAKASAKASAKA Supermarket, Inc. awards customers loyalty points for their purchases. A customer is entitled to one point for every ?400 purchase. The points accumulated may be redeemed for awards in the form of appliances, electronics, groceries and other household items. DISCALCED estimates the stand-alone selling price of each point at ?4.00. During the period, DISCALCED made total sales of ?40M to cardholders. How much sales revenue is recognized?

Option 1: 400,000

Option 2: 40,000,000

Option 3: 39,600,000

Option 4: 0

Reference no: EM132805964

Questions Cloud

How much is the profit for the year : Interest expense is 5% of sales.- Income tax rate is 30%. There were no temporary differences during the year. How much is the profit for the year?
How much is the total current liabilities : The ledger of INFIRM SICK Co., INFIRM failed to pay the 3rd and 4th quarterly interests on the note during 20x1. How much is the total current liabilities?
What amount of revenue should acme recognize : 25% due on first delivery, and the remaining 25% due on second delivery. What amount of revenue should Acme recognize from this sale during 20x3?
What is total variance in the actual cost and static budget : The framing division worked 7,500 direct labor hours during the year at a total cost of $93,750. What is total variance in the actual cost and static budget
How much sales revenue is recognized for discalced barefoote : How much sales revenue is recognized? DISCALCED estimates the stand-alone selling price of each point at ?4.00. During the period, DISCALCED made total sales
What amount should rill report as royalty revenue : June 1, 20x3 - November 30, 20x3 325,000 December 1, 20x3 - December 31, 20x3 70,000 What amount should Rill report as royalty revenue for 20x3?
MOD004453 Leadership and Change Assignment : MOD004453 Leadership and Change Assignment Help and Solution, Anglia Ruskin University - Assessment Writing Service
How much sales revenue is recognized : How much sales revenue is recognized? DISCALCED BAREFOOTED NAKASAKASAKA Supermarket, Inc. awards customers loyalty points for their purchases.
What revenue otakamiro should recognize in financial year : 50% when tendering for support contracts. Under PFRS 15, the revenue Otakamiro should recognize in its financial year ended 31 December 20X7 is

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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