All categories

3 years ago

Sarjit Systems sold software to a customer for $80,000.

Business

1 answer:

Ipatiy [6.2K]3 years ago

8 0

Answer:

If the products are sold seperately they would sell for $100,000:

Software $70,000 = 70%

Technical Support $30,000 = 30%

Sarjit Systems sold the software for $80,000

Software 70% of 80,000 = $56,000

Technical Support 30% of 80,000 = $24,000

We will record technical support as deferred revenue since the customer pays for the support upfront before receiving the service.

The journal entry would be:

Account Title Debit Credit

Cash 80,000

Sales Revenue 56,000

Deferred Revenue 24,000

You might be interested in

g decided to issue three-year bonds denominated in 5 million Russian rubles at par. The bonds have a coupon rate of 17 percent.

Inessa [10]

Answer:

Assuming that the bonds are sold at par (no discount or premium), the annual coupon payments should be:

year 1 = 850,000 rubles, equal to $27,200

year 2 = 850,000 rubles, equal to $28,900

year 3 = 850,000 rubles, equal to $29,750

plus the face value of 5,000,000 rubles equal to $175,000

The company received 5,000,000 rubles today equal to $150,000

using an excel spreadsheet:

-150,000

27,200

28,900

204,750

and the IRR function, the cost of financing is 23.39%

8 0

3 years ago

Cost-volume-profit analysis requires management to classify all costs as either fixed or variable with respect to production or

Anuta_ua [19.1K]

Answer: True

Explanation:

Cost-volume-profit analysis is refered to as the predictive tool that can be used for the determination of the profit consequences of the price changes, future cost changes, price and the volume of the activity changes.

It requires the management to classify all the costs as either fixed cost or variable cost with respect to production or sales volume within the relevant range of operations.

3 0

3 years ago

A report’s "skimmability" means ________. that the information provided is not important that you should skip a certain portion

k0ka [10]

Answer: Helping make the report accessible by using a readable font, headings, lists, and white space.

Explanation:

For a report to be skimmable, it means that the report is capable of being read through quickly. The is very important in the business world because most executives barely have time but have to keep up to date witu reports and so prefer skimmable reports.

For a report to be skimmable though it needs to be very clear and concise. The reader must be able to grasp the important information quickly. This is why the report must be accessible by using a readable font, headings, lists, and white space. They will ensure that the reader gets the information needed simply by reading through.

6 0

3 years ago

Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus. The n

goldfiish [28.3K]

Answer:

The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to International Balance of Statement Differences

Explanation:

Gold standard is a monetary stem that links the value of paper money to gold.This system were used to balance income differences between countries. Countries with a balance of payments surplus would receive gold inflows, while countries in deficit would experience an outflow of gold

Here, Gold is the standard for International balance of payments differences.

Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus.

The nation with a trade surplus has a swell in the money supply, which leads to price increases. At the same time, the nation with a reduction in the money supply will cause prices to fall.

The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to International Balance of Statement Differences.

6 0

3 years ago

At the end of the week, Jason received a paycheck for $534.59. He recorded all of these transactions in his check register.

padilas [110]

Answer:

Jason did a good job; everything is correct. (we can assume that he rounded the balance to whole dollars).

Explanation:

Since this is not organized and no picture is included, you cannot tell how Jason organized the accounts.

I used an excel spreadsheet to organize the check register because there is not enough room here.

Download pdf

4 0

3 years ago