User Account

All Pages

What amount of revenue should safe skies travel record

Assignment Help Financial Accounting
Reference no: EM132491025

Point 1: Safe Skies Travel sells airplane tickets for Global Airways, Inc. Safe Skies collects the full airfare from the client and remits this amount, less a commission, to Global Airways, Inc. Safe Skies receives a commission of 6% of the total price. During June, 2012, Safe Skies sold tickets worth €640,000 and remits €601,600 to Global Airways, Inc.

Question 1: For June 2012, what amount of revenue should Safe Skies Travel record?

Option a. €640,000

Option b. €601,600

Option c. €38,400

Option d. €36,096

Reference no: EM132491025

Questions Cloud

Incident on a pair of polarizers : A beam of light that is polarized along the vertical axis is incident on a pair of polarizers so that the beam passes through the ?rst polarzier and then the se
How fast do observers on earth see the projectile : If the spaceship moves away from Earth and fires the projectile directly towards Earth, how fast is the projectile moving relative to Earth? Is it approaching E
Record the amounts of revenue and expense : Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column
Small black strip on the battery : The long grey side is the negative (-) end. What end of the battery do the blue electrons "move out" from?
What amount of revenue should safe skies travel record : For June 2012, what amount of revenue should Safe Skies Travel record? Safe Skies Travel sells airplane tickets for Global Airways, Inc. Safe
Find the speed of the sound wave relative to you : Sound waves travel at a speed of 340m/s relative to air. You pursue a wave of sound at a speed that is 99% of the speed of sound relative to air.
What amount of net sales revenue will multnomah record : Multnomah Publishing Co., Under IFRS, what amount of net sales revenue will Multnomah record for the September 2012 sales?
Acceleration of constant magnitude : At t = 4.00 s, a point on the rim of a 0.300 m radius wheel has a tangential speed of 60.0 m/s as the wheel slows down with a tangential acceleration of constan
Determining the overall displacement : You drive your car along a straight road for 8.4 km at 70 km/h, and then it runs out of petrol and stops. You then walk along the road for 2.0 km in 30 min to r

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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