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777dan777 [17]
3 years ago
12

In the Month of March, Baldwin Corporation received orders of 147 units at a price of $15.00 for their product Bill. Baldwin use

s the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 98 units in March and the balance of 49 units in April. They received payment for 49 units in March, 49 units in April, and 49 units in May. How much revenue is recognized on the March income statement from this order
Business
1 answer:
Alex3 years ago
6 0

Answer: $1,470

Explanation:

The Accrual method of Accounting means that revenue is to be recognized in the period the product was delivered to the customers.

In March, Baldwin delivered 98 units so the revenue recognized in March is;

= 98 * 15

= $1,470

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Automakers began rewarding dealers with financial incentives long before dealership customers started getting them, too. Recipie
frozen [14]

Answer:

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3 years ago
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Answer: See attachment and explanation.

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b. The journal entry to record the pension expense and the company’s funding of the pension plan in 2017 has been attached.

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7 0
3 years ago
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blondinia [14]

Answer:

$30,000

Explanation:

Opportunity costs refers to the incomes or benefits a person, business or investor loses or forgone when one alternative is chosen over another.

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8 0
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Which of the following is a correct formula when markup is based on selling price
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<span>perhaps u want the formula for the percentage of markup, giving the cost and selling price.
..(selling price) = (cost) + (Markup)
..(selling price) - (cost) = (markup)
so,
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.. =(1 -(cost)/(selling price))*100%

</span>
5 0
3 years ago
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