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skad [1K]
3 years ago
14

Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2020. The sales price includes an insta

llation 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) Prepare the journal entries (if any) to record the sale on January 2, 2020.
Business
1 answer:
Mrrafil [7]3 years ago
4 0

Answer:

January 2, 2020

Dr Accounts receivable 410,000

    Cr Sales revenue 370,000

    Cr Unearned revenue 40,000

Dr Cost of goods sold 300,000

    Cr Merchandise inventory 300,000

Accrual accounting states that revenues must be recognized during the periods that they actually occur (i.e. the earning process is completed). Since the installation process lasts 6 months, the unearned revenue will be recognized as the process is being completed.

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The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation.
tia_tia [17]

Answer:

Explanation:

See below

5 0
3 years ago
Which audience analysis anticipates resistance if something is going to cost money?
Katena32 [7]

The audience analysis that anticipates resistance if something is going to cost money is a situational analysis. This is further explained below.

<h3>What is situational analysis?</h3>

Generally, An organizational situation may be better understood by doing a situational analysis, which is a set of techniques for evaluating both the internal and external variables of a company.

In conclusion, A situational analysis is the kind of audience analysis that determines whether or not there will be opposition to anything if it will cost money.

Read more about situational analysis.

brainly.com/question/23563467

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6 0
2 years ago
Janice and Shunil are both senior software analysts. They have worked together on projects OF Six years and get along great. Jan
Natali [406]

Answer:

The appropriate response is Option D (Job sharing).

Explanation:

  • Only by seeking less time can Janice as well as Shunil partake throughout the sharing of jobs, which further enables conventional forty-hour-a-week employment to have been shared between multiple individuals.
  • The remaining structural solutions were indeed obligations still forty hours each week.

Additional options are not connected with the situation. Thus the answer above is correct.

7 0
3 years ago
Calculate the present value of the following: a-1. Annual payment of $800 for 10 years at 5% interest. (Do not round intermediat
kipiarov [429]

Answer:

a-1 Present value = 6,177.39

a2- Present Value =6,227.79

a3- Choose the payment stream with the highest present value = a2

b1- Present Value=3,353.98

b2-Present Value=2,805.28

b3-Choose the payment stream with the highest present value = b1

Explanation:

a-1 describes an ordinary annuity whose present value is calculated as follows:

Present value =PMT*\frac{[1-(1+i)^-^n]}{i}

where PMT=$800; i= 5%, n= 10

Present value =800*\frac{[1-(1+0.05)^-^1^0]}{0.05} = 6,177.39

a2- Present value =600*\frac{[1-(1+0.05)^-^1^5]}{0.05} = 6,227.79

a3- If I were receiving these payments annually, I would prefer the payment stream with the highest present value ie a2 -Annual payment of $600 for 15 years at 5% interest.

b1- Present value =800*\frac{[1-(1+0.20)^-^1^0]}{0.20} = 3,353.98

b2-Present value =600*\frac{[1-(1+0.20)^-^1^5]}{0.20} =2,805.28

b3- f I were receiving these payments annually, I would prefer the payment stream with the highest present value ie b1- Annual payment of $800 for 10 years at 20% interest.

3 0
3 years ago
2. What are two measures of inflation?
ddd [48]

Answer:

CPI and WPI

Explanation: Consumer Price Index measures the percentage change in the price of a basket of goods and services consumed by households. Wholesale Price Index is the price of representative of basket of wholesale goods.

8 0
3 years ago
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