User Account

All Pages

When should revenue be recorded by the company

Assignment Help Financial Accounting
Reference no: EM133007055

Problem 1: On december 15, 2019 a company receives an order from a customer for services to be performed on december 28,2019. Due to a backlog of orders, the company does not perform the services until January 3, 2020. The customer pays for the services on January 6, 2020. When should revenue be recorded by the company?

Reference no: EM133007055

Questions Cloud

Guidelines for safe children clothing : Imagine that you have a one-year-old child, and part of the way that you make your morning easier is that you set aside the clothes that they will wear for the
Customer service and customer satisfaction : Specify the relationship between customer service and customer satisfaction.
Develop a synopsis of outcomes for acquiring : Develop a synopsis of your outcomes for acquiring, developing, training, and leveraging on human capital within your organization. Examine the pros and cons to
What type of audit opinion would you provide : -Assume that management do not agree with any recommendations that you make as the auditor. What type of audit opinion would you provide
When should revenue be recorded by the company : When should revenue be recorded by the company? On december 15, 2019 a company receives an order from a customer for services to be performed
Which a bank will look for : When considering making a loan to a company, a bank will look for? a high debt ratio and a low current ratio./ a high debt ratio and a high current ratio
Main duties and responsibilities of the job : Think of a work-related situation that you found enjoyable. Think of the job and identify the features that made it more enjoyable than other jobs you have held
Challenges associated with legislating ethics : What are at least 2 challenges associated with legislating ethics? Provide an examples legislation that was developed/implemented based on ethics.
What can do to begin addressing the financial needs : As a new administrator of a nonprofit community health center, what can you do to begin addressing the financial needs of the center

Reviews

Write a Review

Financial Accounting Questions & Answers

  Was the present value of lump sum used in problem

Was the present value of a lump sum or an annuity used in the problem and why? What is the profitability index for the investment?

  Activities that are outside of the relevant range

The income statement that classifies costs by their behavior is called the: Activities that are outside of the relevant range:

  Model business corporation act

Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation and An individual who joins an existing partnership has no liability for partnership debts that arose prior to his joining the partnership.

  What amount be reported as segment profit for swift company

What amount be reported as segment profit for Swift Company? Swift Company, a publicly owned entity, assess performance and makes operating decisions

  Evaluate the overall creditworthiness of the company

Can you evaluate any other company-specific information that may assist in evaluating the overall creditworthiness of the company.

  Renovate the existing line

The alternative to investing in the new production line is to overhaul the existing line, which currently has both a book value and a salvage value of $0. It would cost $ 250,000 to overhaul the existing line, but this expenditure would extend its us..

  Recommend four formal planning process and techniques

Recommend four formal planning process and techniques that will be used to determine whether ABC's long term investments are worth the funding of cash

  Which is a good explanation of the corporate valuation model

Which is a good explanation of the corporate valuation model? It discounts future company dividends at a current dividend growth rate

  What is the total of budgeted cash collections for December

Sales are budgeted at $260,000 for December and $230,000 for January, terms 1/eom, n/60. What is the total of budgeted cash collections for December

  How the pre-tax operating cash flow break-even point

Describe how the pre-tax operating cash flow break-even point is related to a break-even point that makes the NPV of a project equal to zero

  Review of the expenses for the year

Prepare an income statement for the year ended 30 June 2012, and a statement of financial position as at that date, for Mr Chips's business.

  How to hedge the currency risk via money market conract

What is the future dollar cost of meeting this euro obligation using a money market contract? How to hedge the currency risk via money market conract?

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