On day 1, Clothes Co., sells clothing to Link Corp. for $40,000. Clothes ships the clothing on day 1 and Link is obligated to pay Clothes within six months. Links is given 12 months to return any of the clothing for a refund if they experience low demand. Link is also given 18 months to exchange any clothing due to low demand. At the time of sale, Clothes cannot reasonably estimate returns, but estimates $5,000 in exchanged goods. Clothes should recognize revenue for the aforementioned transaction
a. on the day of the sale
b. six months after the date of sale
c. 12 months after the date of sale
d. 18 months after the date of sale
Answers: 1
Business, 22.06.2019 11:20, andrea1704
Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?
Answers: 3
Business, 22.06.2019 15:30, emilylizbeth12334
For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.
Answers: 1
On day 1, Clothes Co., sells clothing to Link Corp. for $40,000. Clothes ships the clothing on day 1...
Biology, 27.05.2021 18:50
Mathematics, 27.05.2021 18:50
Mathematics, 27.05.2021 18:50
Mathematics, 27.05.2021 18:50
Mathematics, 27.05.2021 18:50
Mathematics, 27.05.2021 18:50
Mathematics, 27.05.2021 18:50
Mathematics, 27.05.2021 18:50