How much should wynn company report as revenue

Assignment Help Accounting Basics
Reference no: EM133123066

Question - Wynn Company reported revenue of P6,000,000 under the cash basis for the year ended 2020. Additional information was made available; Accounts receivable, December 31, 2019 P1,250,000; Accounts receivable, December 31, 2020, P1,375,000. Under the accrual basis, how much should Wynn Company report as revenue for 2020?

Reference no: EM133123066

Questions Cloud

Total value of the payments : Winners of the Dream a Dream Lotto draw receive the winning amount divided equally over 20 years, payable at the beginning of each year. The payment amount is d
What is your understanding of the who definition : What is your understanding of the WHO definition of health? What current lifestyle practices do you employ to ensure your own physical wellbeing
Calculate the 2-year par yield : Calculate the 2-year par yield.
What are the best-case and worst-case npvs : Suppose you feel that the values are accurate to within only ±10 percent. What are the best-case and worst-case NPVs? (Hint: The price and variable costs for th
How much should wynn company report as revenue : Accounts receivable, December 31, 2020, P1,375,000. Under the accrual basis, how much should Wynn Company report as revenue for 2020
Compute the 60 monthly log returns : Go to assignment2 sheet in the Chapter 3 Excel file. Compute the 60 monthly log returns of S&P 500 using its 61 monthly indices from August 2015 to August 2020,
Effective annual rate of interest on the loan : If the credit card requires monthly payments, what is the effective annual rate of interest on the loan? ( Round answer to 2 decimal places, e.g., 12.25.)
What is the effective annual rate on loan : You want to buy a piece of farm equipment for $70,000 and the finance office has quoted you a loan with an APR of 12% compounded monthly for 60 months to make t
Price of the investment : An investment promises a return of $400 per year for 10 years, with the first payment occurring a year from now. If the required return is 10% a year, what shou

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