User Account

All Pages

Is there an accounting rule against this practice

Assignment Help Accounting Basics
Reference no: EM132639856

Question - The Company you work for uses FOB shipping point for all their sales. Inventory is usually shipped one week after the item was ordered. It is late December, and your company has had a great year with profits already beating expectations. Your manager tells you to delay shipment until January on any new orders, so that the revenue will be reflected on next year's financial statements.

Do you agree or disagree with the manager's decision of when to ship goods to customers and record the revenue? Explain your reasoning. Is there an accounting rule against this practice?

Reference no: EM132639856

Questions Cloud

What is the marginal propensity to consume : Answer the following questions about marginal propensity to consume and the multiplier. First provide the correct equation
What annual rate of return have you earned : You have an investment account that started with $3,000 10 years ago and which now has grown to $9,000. What annual rate of return have you earned
Calculate profit as a percent of sales revenue for product : Using the plantwide approach, calculate the profit for each product. Also calculate profit as a percent of sales revenue for each product
Describe gdp and activities or purchases : Describe GDP and list 2 activities or purchases that will not count toward GDP in 2019 and explain why they will not count.
Is there an accounting rule against this practice : Do you agree or disagree with the manager's decision of when to ship goods to customers and record the revenue? Is there accounting rule against this practice
Determine the reimbursement from the centers for medicare : Using the most common office visit, CPT code 99214, determine the reimbursement from the Centers for Medicare and Medicaid Services.
BN303 Wireless Networks and Security Assignment : BN303 Wireless Networks and Security Assignment Help and Solution, Melbourne Institute of Technology - Assessment Writing Service
Explain the key characteristics of nonprofit hospitals : The board of directors of your for-profit hospital has been approached by a nonprofit hospital to consider a joint venture to take over their business resulting
Analyse the economic challenges zambia : Imagine you are a permanent secretary at the Ministry of Finance in Zambia. Analyse the economic challenges Zambia is experiencing.

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