User Account

All Pages

What was the reported profit for the year ended june

Assignment Help Financial Accounting
Reference no: EM132475728

Holidays Ltd manufactures caravans. Transactions for the year ended 30 June 2019 were as follows:

Point i. 600 caravans were manufactured at a cost of $15 000 each.

Point ii. 500 caravans were sold for $20 000 each.

Point iii. Cash was collected on 475 of the caravans sold.

Question 1: What was the reported profit for the year ended 30 June 2019 if revenue was recognised when cash was received?

Reference no: EM132475728

Questions Cloud

Prepare an additional memorandum : Create a memo to the partner of Barnes and Fischer supporting a decision as to whether to accept Ocean Manufacturing, Inc. as an audit client
Milgram electric shock or zimbardo mock prison : Which social experiment, Milgram's electric shock or Zimbardo's mock prison, do you consider to be more unethical of a study, and why?
Identifying a specific type of health care system : After identifying a specific type of health care system, identify criteria that would be used to select a vendor for implementing the system
Sociological perspectives in specifically democratic : Why is it particularly important to apply sociological perspectives in specifically democratic societies like the United States?
What was the reported profit for the year ended june : Holidays Ltd manufactures caravans, What was the reported profit for the year ended 30 June 2019 if revenue was recognised when cash was received?
Gender roles becoming more traditionally masculine : Are American gender roles becoming more traditionally masculine? Why or why not?
Identify objective from the meaningful use legislation : Identify 1 objective from meaningful use legislation, and then identify 1 type of information system that could be implemented to adhere to meaningful objective
Important to measure a client goal : Do you think it is important to measure a client's goal?
7081CEM Simulation Assignment : 7081CEM Simulation Assignment Help and Solution, Coventry University - Assessment Writing Service - Demonstrate the foundational principles and techniques

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