Reference no: EM131208426
Alfa Romeo incurs direct cash costs of $30,000 in manufacturing a red convertible automobile during 2009. Assume that it incurs all of these costs in cash. Alfa Romeo sells this automobile to you on January 1, 2010, for $50,000. You pay $5,000 immediately and agree to make Three annual equal payments on December 31, 2010, 2011 and 2012.The note receivable bears interest rate at 5% and the interest rate won't change over next three years.
Assume that Alfa Romeo accounts for this note throughout the three years using its initial present value and the historical interest rate (Approach 1). Indicate the effects of the following events on the balance sheet and income statement.
1) Manufacture of the automobile during 2009. If no records are needed, simply write "No Records Needed"
2) Sale of the automobile on January 1, 2010. If no records are needed, simply write "No Records Needed"
3) Cash received and interest revenue recognized on December 31, 2010.
4) Cash received and interest revenue recognized on December 31, 2011.
5) Cash received and interest revenue recognized on December 31, 2012.
|
What combination of poles on the two machines could convert
: If the two machines have different numbers of poles but exactly the same shaft speed, then the electrical frequency of the two machines will be different due to Equation (3-34). What combination of poles on the two machines could convert 60 Hz pow..
|
|
Explain summary of green initiatives for a city in your area
: Explain a summary of green initiatives for a city in your area. Recommendations to your local government for creating a greener, more sustainable and livable community.
|
|
Does the literature present a balanced view
: The abstract should provide a very concise overview or summary of the research - what was done and why, the methods used, and the key results and recommendations - Does the literature present a balanced view?
|
|
Write about the american culture and the holidays
: write 5 sentences about the my culture (american), and the holidays you celebrate. - This can be in english or spanish.
|
|
Initial present value and the historical interest rate
: Alfa Romeo incurs direct cash costs of $30,000 in manufacturing a red convertible automobile during 2009. Assume that it incurs all of these costs in cash. Alfa Romeo sells this automobile to you on January 1, 2010, for $50,000. Assume that Alfa Rome..
|
|
Define how issues of gender and diversity might be reflected
: Compare the characteristics of those who are bullies to the victims of bullying. Describe a scenario that could result in a bullying incident when children with these characteristics come into contact with each other.
|
|
Explain safety and health training requirements specified
: Explain safety and health training requirements specified by standard setting organizations. First, review the case about Carter's Material Handling Equipment Manufacturing Company.
|
|
How many poles should each of the two machines have
: It is decided to generate the power by means of a motor-generator set consisting of a synchronous motor driving a synchronous generator. How many poles should each of the two machines have in order to convert 50-Hz power to 60-Hz power?
|
|
Outline political and societal concerns related to pie issue
: Outline the political and societal concerns that are related to this issue. - The sources and impacts of these pharmaceutical residuals (chemical substances) being discharged into streams.
|