Mathematics, 20.11.2020 19:00 Naysa150724
On October 1, 2018, the Marshall Company sold a large piece of machinery to the Hammond Construction Company for $80,000. The cost of the machine was $40,000. Hammond made a down payment of $10,000 and agreed to pay the remaining balance in seven equal monthly installments of $10,000, plus interest at 12% on the unpaid balance, beginning November 1.
Required:
Identify three alternative methods for recognizing revenue and costs for the situation described and compute the amount of gross profit that would be recognized in 2018 using each method.
Discuss the circumstances under which each of the three methods would be used.
Answers: 2
Mathematics, 21.06.2019 17:30, neverfnmind
James adds two numbers a + b. sally adds the same two numbers but reverse the order b + a what property of addition assures us that james and sally will get the same sum
Answers: 2
Mathematics, 21.06.2019 19:50, JAXKBOII55951
If the scale factor between two circles is 2x/5y what is the ratio of their areas?
Answers: 3
Mathematics, 21.06.2019 22:30, hala201490
Avery’s piggy bank has 300 nickels, 450 pennies, and 150 dimes. she randomly picks three coins. each time she picks a coin, she makes a note of it and puts it back into the piggy bank before picking the next coin.
Answers: 1
On October 1, 2018, the Marshall Company sold a large piece of machinery to the Hammond Construction...
Social Studies, 28.01.2020 14:45
Business, 28.01.2020 14:45
Spanish, 28.01.2020 14:45
Mathematics, 28.01.2020 14:45
English, 28.01.2020 14:45
English, 28.01.2020 14:45
Mathematics, 28.01.2020 14:45