Business, 19.12.2019 03:31 abrown8483

Shaw company sells goods that cost $300,000 to ricard company for $410,000 on january 2, 2017. the sales price includes an installation fee, which has a standalone selling price of $40,000. the standalone selling price of the goods is $370,000. the installation is considered a separate performance obligation and is expected to take 6 months to complete.

a. (a) prepare the journal entry (if any) to record the sale on january 2, 2017. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)

b. shaw prepares an income statement for the first quarter of 2017, ending on march 31, 2017 (installation was completed on june 18, 2017). how much revenue should shaw recognize related to its sale to ricard?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:30

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?

Answers: 3

Answer

Business, 22.06.2019 10:40

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?

Answers: 1

Answer

Business, 22.06.2019 18:10

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?

Answers: 1

Answer

Business, 22.06.2019 20:00

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

Answers: 2

Answer

You know the right answer?

Shaw company sells goods that cost $300,000 to ricard company for $410,000 on january 2, 2017. the s...

Questions