User Account

All Pages

What is amount of revenue recognized by paradise beverages

Assignment Help Financial Accounting
Reference no: EM132904060

Paradise Beverages sold 200 cartons of beer on account at $50 per carton on 15th January 2021 and the cost of one carton of beer is $40. The company policy is that customers may receive a full refund for any unused products returned within 15 days of sale. Paradise Beverages estimates a return of 3 cartons of beer during January. The cost of recovering the products will be immaterial and returned products can be resold at a profit.

Problem 1: What is the amount of revenue recognized by Paradise Beverages for January 2021?

A. 8,000
B. 9,850
C. 10,000
D. 9,900

Reference no: EM132904060

Questions Cloud

Find what amount is allocated to the hotel room in case : During normal times this deal is not breakfast inclusive, the room is charged at $240. What amount is allocated to the Hotel room in this case?
Discuss what is sentiment analysis : Define and discuss what is sentiment analysis. Discuss at least three applicable applications for sentiment analysis.
Show the balance sheet and an income statement : Based on the projected revenue growth of 15 per cent, show the balance sheet and an income statement for the 2021-22 financial year.
Effects of an increase in the minimum wage : What effect will this wage increase have on those who live in Louisville specifically and what effect will this have on those who live in Indiana
What is amount of revenue recognized by paradise beverages : What is the amount of revenue recognized by Paradise Beverages for January 2021? Paradise Beverages sold 200 cartons of beer on account at $50 per carton.
How many performance obligations can identify : How many performance obligations can identify and what is the transaction price? Due to COVID-19, the hotel industry prices are slashed to almost half.
Create string that stores DNA sequence in your code : Write a program that transcribes DNA to RNA. Create a string that stores a DNA sequence in your code, and then replace all the T's with U's.
Identifying and analyzing existing and needed knowledge : Identifying and analyzing existing and needed knowledge, as well as preparing and controlling efforts to improve knowledge assets in order
What amount is allocated to the hotel room in the case : What amount is allocated to the Hotel room in the case? Shangri-la Resort recently advertised a package deal for $250 per night for couple (breakfast included).

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