Revenue is recognized on the march income statement

Assignment Help Financial Management
Reference no: EM131546952

In the Month of March, Digby Corporation received orders of 162 units at a price of $15.00 for their product Daft. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 108 units in March and the balance of 54 units in April. They received payment for 54 units in March, 54 units in April, and 54 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement?

Reference no: EM131546952

Questions Cloud

Specializes in buying deep discount bonds : Lance Whittingham IV specializes in buying deep discount bonds. By what percent will the price of the bonds increase between now and maturity?
What is the percent yield of the reaction : A mass of 4.00 g of H2(g) reacts with 2.00 g of O2(g). If 1.94 g of H2O(l) is collected, what is the percent yield of the reaction?
Did the source make you rethink your position in any way : Did you find any strong arguments in the source that you had not thought of? Did the source make you rethink your position in any way?
Bronsted-lowry acid-bronsted-lowry base : Define the following terms: Bronsted-Lowry acid, Bronsted-Lowry base, Lewis acid, Lewis base.
Revenue is recognized on the march income statement : How much revenue is recognized on the March income statement from this order?
Explain the key concepts in economics : Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course.
Describe how the chemical characteristics : Describe how the chemical characteristics, production methods, uses, and associated unique hazards of sulfur can affect the safety of an environmental health.
Examples for negative health behavior : Write a four , single spaced, paper applying a Health Behavior Theory to one of your negative health behaviors
Calculate the debroglie wavelength of an electron : Calculate the DeBroglie wavelength of an electron traveling 22.5% the speed of light. Report answer in meters to 3 significant digits.

Reviews

Write a Review

Financial Management Questions & Answers

  Find the risk-free rate and the market risk premium

CAPM Equation. Stock A has a beta of .5, and investors expect it to return 10%. Stock B has a beta of 1.5, and investors expect it to return 16%. Use the CAPM to find the risk-free rate and the market risk premium.

  Purchase of the new sprinkler system economically attractive

RealTurf is considering purchasing an automatic sprinkler system for its sod farm by borrowing the entire $20,000 purchase price. The loan would be repaid with four equal annual payments at an interest rate of 12%/year.

  What is the value of the company equity

What is the value of the company's equity? What is the debt-to-value ratio?

  What level of sales would swann have to obtain to generate

What level of sales would Swann have to obtain to generate $2,000,000 in net income?

  Compute the aftertax cost of preferred stock

The treasurer of Riley Coal Co. is asked to compute the cost of fixed income securities for her corporation. Even before making the calculations, she assumes the aftertax cost of debt is at least 1 percent less than that for preferred stock. Compute ..

  About how much should be in the account when you close it

You deposit $1,000 in an account. You expect the account to earn 0.75% annual interest for the first six years. Then you expect the account to earn 1.03% annual interest until you close the account after 15 years. About how much should be in the acco..

  Part of business selling modems for network connection

Part of your business is selling modems for network connection. Demand for modems in your store is about 8,000 units per year. Ordering a shipment of modems costs about $500 in processing. A modem costs you $150 and holding a modem in inventory costs..

  Which will pay an interest rate

Which will pay an interest rate of 8% the first year, 5% the second year, and 3% the third year Which CD should you choose?

  The net present value is a measure of profits expressed

The net present value is a measure of profits expressed in today's dollars. The net present value is positive when the required return exceeds the internal rate of return. If the initial cost of a project is increased, the net present value of that p..

  Cost of preferred stock remains constant from year to year

The cost of preferred stock is unaffected by the issuer's tax rate. The cost of preferred stock remains constant from year to year.

  What is trustworthy collateral from the lenders perspective

What is trustworthy collateral from the lenders’ perspective?  Explain whether accounts receivable and inventory are trustworthy collateral

  Determine the minimum rental per square foot

Determine the minimum rental per square foot that the company must charge to meet this investment criterion.

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