User Account

All Pages

How much should Ford record as Sales

Assignment Help Accounting Basics
Reference no: EM132978107

Question - Ford Corporation, an equipment distributor, sells a piece of machinery with a list price of P800,000 to Territory Company. Per agreement, Territory will pay P850,000 in one year evidenced by a note. Ford normally sells at cash price equivalent to 90% of list price. The note has a market rate of 12%. How much should Ford record as Sales? (The PV of 1 at 12% for 1 year is 0.89)

a. P756,500

b. P850,000

c. P720,000

d. P800,000

Reference no: EM132978107

Questions Cloud

How are resource providers rewarded at the gap inc : How are resource providers rewarded at The Gap Inc?
Human and financial resources for the gap inc : What are the land, equipment, human and financial resources for the Gap Inc.?
Explain the treatment of other changes in the equity : Explain the treatment of "other changes in the equity of the investee" that have not been recognized in profit or loss
What is the corrected net income : Revenue received in advance in 2014 of P300,000 was credited to a revenue account when received. What is the corrected net income for 2015
How much should Ford record as Sales : Ford normally sells at cash price equivalent to 90% of list price. The note has a market rate of 12%. How much should Ford record as Sales
Maslows hierarchy of needs theory : Choose three theories then write a research paper about those theories - Operant conditioning (Skinner)
What kind of organizational structure does organization use : Think of a company or organization with which you are familiar, perhaps one you have worked for, or even a place of worship or school.
What rio tinto contribution is to sdgs : Look into annual report/ sustainability report and comment on what Rio Tinto contribution is to SDG's - What are some of the facts and figures surrounding this
What is the strategy or tactic nike company : What is the strategy or tactic Nike company should select to take maximum advantage of its strength?

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