Business, 06.10.2019 04:00 jessiejohnsonjr123

The following independent situations require professional judgment for determining when to recognize revenue from the transactions. identity when revenue should be recognized in each of the situations. southwest airlines sells you an advance purchase airline ticket in september for your flight home in december. ultimate electronics sells you a home theater on a "no money down and full payment in three months' promotional deal. the toronto blue lays sell season tickets online to games in the skydome. fans can purchase the tickets at any time, although the season doesn't officially begin until april. the major league baseball season runs from april through october. you borrow money in august from rbc financial group. the loan and the interest are repayable in full in november. in august, you order a sweater from seats using its online catalog. the sweater arrives in september, which you charged to your sears credit card. you receive and pay the sears bill in october.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:30, davidleew24

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?

Answers: 3

continue

Business, 22.06.2019 13:40, madisonrparks

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

Answers: 2

continue

Business, 22.06.2019 14:00, tamariarodrigiez

How many months does the federal budget usually take to prepare

Answers: 1

continue

Business, 22.06.2019 17:40, rave35

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)

Answers: 3

continue

You know the right answer?

The following independent situations require professional judgment for determining when to recognize...