Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
IBM sold a mainframe computer to its customer for 60 monthly payments of $92,082.61, which totals $5,524,956.60. iBM also agreed to provide installation and training for the customer for no additional charges. According to the agreement the customer is not required to use IBM for installation and training. IBM estimated that the standalone installation and training sales prices are $50,000 and $68,000, respectively. IBM used a 4% annual interest rate in determining the 60 monthly payments. The customer decided to have IBM install and train its employees and IBM delivered the computer on July 1 and completed installation on October 31. Training will take place over the next 12 months. IBM's year end is December 31 and the customer payments start at the end of the month of delivery.
Question A. What date may IBM recognize revenue from this transaction
Question B. What are the revenue amounts IBM may recognize on the date speci?ed in answer A? [You must show your work for credit.]
Question C. How much interest revenue will IBM recognize on its December 31 regular income statement from this transaction? [You must show your work for
Apex Company's Copy Department, which does all of the photocopying for the Sales Department, Calculate the Copy Department costs allocated to Sales
rad technologies inc. is considering a new just-in-time product cell. the present manufacturing approach produces a
Discuss the purpose of the accounting information system and why it's important for an accounting major to understand it.
What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2011
If Colgate's equity cost of capital is 7.1 per year and its dividend payout ratio remains constant, what price does the dividend-discount model predict Colgate stock should sell for?
Lab Kennels, Inc. and Wolman Developers have agreed to exchange two parcels of land and each will assume the other's mortgage on the parcel acquired. Lab owns 500 acres within city limits that has a value of $750,000 and a basis of $300,000.
Determine the amounts to be reported for each of the five items shown above from the 2009 and 2010 financial statements when those amounts are reported again in the 2009-2011 comparative financial statements.
At March 31 Streuling Enterprises, a merchandising firm, had an inventory of 38,000 units, and it had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months:
a cost center is a unit of a business that incurs costs but does not directly generate revenues. which of the following
XYZ stock is currently trading at $100. What common derivative is the combination of investments (put+share+ borrowing) equivalent to
What unrealized gross profit existed as of December 31, 2015? What amounts make up the $101,835 equity earnings of Brey account balance for 2015?
Calculate the amount of accumulated depreciation relating to the equipment that would appear on Plato Company's December 31, 2023 balance sheet
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd