User Account

All Pages

What is the amount of gross profit realized in year

Assignment Help Accounting Basics
Reference no: EM131796356

Question - On April 1 2009 joy ltd sold a land for $100,000. The note will be collected as follows: $20,000 in 2009, $30,000 in 2010 and $50,000 in 2011. The property had cost $20,000 when it was purchased in 1998. Under installment-sale method, what is the amount of gross profit realized in year 2011?

Reference no: EM131796356

Questions Cloud

Blocks of bernoulli trials : In n +m independent Bernoulli (p) trials, let Sn be the number of successes in the first n trials, Tm the number of successes in the last m trials.
Compute the required sales : Compute the required sales needed to achieve management's target net income of $97,080. (Use the contribution margin approach.)
Regulatory environment is ever changing in healthcare : The regulatory environment is ever changing in healthcare. The collection of data to support quality improvement efforts is core function of healthcare leaders
What is the distribution of n : a) What is the distribution of N? b) What is the distribution of Ni + Nj? c) What is the joint distribution of Ni, and n - Ni -Nj?
What is the amount of gross profit realized in year : The property had cost $20,000 when it was purchased in 1998. Under installment-sale method, what is the amount of gross profit realized in year 2011
How do objectives align with achievement of goals : It is essential that leaders are able to evaluate the outcomes of programs and projects. How do objectives align with achievement of goals?
Determine dividend per share paid on the stock : If the company maintains a constant 4.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
At what price will the stock sell tomorrow : Good Values Inc. is all-equity-financed. The total market value of the firm currently is $200,000, and there are 5,000 shares outstanding.
Exponential approximation to find a formula : Assuming n is large, use an exponential approximation to find a formula for k in terms of n such that P(X > k) is approximately 1/2.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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