In the Month of March, Digby Corporation received orders of 204 units at a price of $15.00 for their product Dixie. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 136 units in March and the balance of 68 units in April. They received payment for 68 units in March, 68 units in April, and 68 units in May.
a) How much revenue is recognized on the March income statement from this order?
b) How much in the April Income statement? (Answer in thousands)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In the Month of March, Digby Corporation received orders of 204 units at a price of $15.00 for their product Dixie. Digby uses the accrual ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
what is the general term for all types of cards containing a computer chip with additional information on it
Answers (1)
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences of the country that it supplies to.
Answers (1)
What organization mandates icd10cm
Answers (1)
Ralph Waters owns forested land. The Department of the Interior has declared that a small fruitfly on his property is an endangered species and prevented the harvesting of trees there. Ralph: a. cannot harvest trees. b.
Answers (1)
Are now the largest single component of the supply side of gdp, representing over half of gdp.
Answers (2)
New Questions in Business
Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,000 Costs incurred in 20X0 $1,750,000 Estimated costs to complete $1,750,000 Progress billings $900,000 Collections on
Answers (1)
Bob contributed a building with an adjusted basis to Bob of $50,000 and a fair market value of $150,000 subject to a mortgage of $120,000 in exchange for a 30 percent interest in the Alpha Partnership. Alpha will assume the mortgage on the building.
Answers (1)
Nareen is single, 68 years old, and reports the following in 2018: a. $12,000 alimony received (divorced in 2010) b. $82,520 Schedule C profit c. $3,500 SEP (self-employed pension) plan contribution d. $7,150 qualified dividends e.
Answers (1)
Sun Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2007. What is the annual dividend on the preferred stock? a. $60 per shareb. $30,000 in totalc.
Answers (1)
a risk averse investor, which of the following four otherwise identical investment would you prefer? A. Security W, which exhibits a standard deviation of 2% and offers an average return of 12%. B.
Answers (1)