What amount of revenue will be reflected

Assignment Help Financial Accounting
Reference no: EM132965272

Question - Tesla Motors has a car rental program that charges users $22,000 per year for full rights to use the Tesla Model X, the program includes battery maintenance, tire maintenance, vehicle cleaning, and other ancillary repairs. Tesla operates with a fiscal year ending September 30. The rental fee is automatically collected from each renter on October 1 of each year and covers the upcoming period October 1-September 30. There are 400 participants in the rental program as of September 30, Year 5, what amount of Year 6 revenue will be reflected on the interim Year 6 income statement through December 31?

A. $6,600,000

B. $2,200,000

C. $8,800,000

D. $73,333

Reference no: EM132965272

Questions Cloud

How much will be in the account at the end of thirty years : Suppose you deposit $2,767 into an account, If the account earns 14.3% (assume annual compounding), how much will be in the account at the end of 30 years?
How much would cost to take over the business for company : Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, How much would it cost to take over this business assuming you pay its enterprise value?
What is the market-to-book ratio : A profit margin of 4.8 percent, a price-earnings ratio of 6.2, and a book value per share of $5.80. What is the market-to-book ratio
Explain a lender decreasing the interest rate for a borrower : Which of the reasons is most likely to explain a lender decreasing the interest rate for a borrower? The expected inflation rate is expected to be high.
What amount of revenue will be reflected : There are 400 participants in the rental program as of September 30, Year 5, what amount of Year 6 revenue will be reflected on the interim Year 6
How much should he save each month to be able to buy : If this account pays interest every month then how much should he save each month to be able to buy the motorcycle in four years' time?
What is the fair value of the bond : Consider a $1000 face value bond with a coupon rate of 12% and maturity period of 15 years. What is the fair value of the bond
What is the value of a share of antiair today : Four years from now Antiair will pay dividends that are 75% of its earnings. If its equity cost of capital is 10%, what is the value of a share of Antiair today
What is the myr price in malaysia for the japanese car : A Japanese sports car is selling for JPY900,000. What is the MYR price in Malaysia for the Japanese car if the exchange rate is JPY23.88/MYR

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd