In the month of March, the Baldwin Corporation received and delivered orders of 170,000 units at a price of $15.00 each for revenue of $2.550 million for their product.
Baldwin uses the accrual method of accounting and offers 30 day credit terms.
By the end of May, Baldwin had collected payments of $2.550 million for the March deliveries.
Required:
How much of the collected $2.550 million should Baldwin show on the March 31st income statement and how much on the May 31st income statement?
a) $2.550 million in March; $0 in May.
b) $842 million in March; $1.708 million in May.
c) $0 in March; $2.550 million in May.
d) $1.275 million in March; $1.275 million in May.

Answers

Answer 1

The amount of the collected $2.550 million Baldwin should show on the March 31st income statement and on the May 31st income statement is $2.550 million in March; $0 in May. Therefore, the correct option is A.

Baldwin Corporation uses the accrual method of accounting. This means they recognize revenue when it is earned, regardless of when the cash is collected. In March, they received and delivered orders of 170,000 units at a price of $15.00 each, which results in revenue of $2.550 million.

Since the accrual method is used, Baldwin should recognize the entire $2.550 million in revenue on the March 31st income statement, even though they offer 30-day credit terms and collected payments by the end of May. On the May 31st income statement, Baldwin should show $0 in revenue for the March deliveries because the revenue was already recognized in the March income statement.

By following the accrual method of accounting and recognizing revenue when it is earned, Baldwin Corporation properly reports $2.550 million in revenue in March and $0 in May which corresponds to option A.

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Related Questions

1. Abler Corporation has corporate bonds trading in the market at $820. These bonds have $1000 face (or maturity) value and pay an 8% stated (or coupon) rate annually ($40 every six months). These bonds have 12 years to maturity. What is the pretax cost of Abler Corporation's debt?

Answers

Answer:

10.70%

Explanation:

NPER = 12*2 = 24

PMT = 40

PV = -820

FV = 1000

Pretax Cost of Debt = Rate (NPER, PMT, -PV, FV) * 2

Pretax Cost of Debt = Rate(24, 40, -820, 1000) * 2

Pretax Cost of Debt = 0.0535 * 2

Pretax Cost of Debt = 5.35% * 2

Pretax Cost of Debt = 10.70%

What conditions would affect how much people would use your business?

The business is and Ice Cream Shop.

Answers

Answer:

restaurant

like pandemic all small restaurant is closed the business is bankcrap

According to Archbishop John Foley, what three standards does the church set forth for marketers?

Answers

Answer:

One is truth: Always tell the truth. The second one is the dignity of the person, so don't exploit people. And the third principle is the common good  that advertising should serve the common good.

Explanation:

:)

a rectangular swimming pool has dimensions 45 metre by 20 metre concrete path of 3.5 m width is laid around it .Find the cost of laying the path at a rate ₹25 per m2​

Answers

Answer:

Rs. 5993.75

Explanation:

The computation of the cost of laying the path is given below:

= {area of(pool +path)- area of pool }

= ((45 + 3.5) × (20 + 3.5)) - (45 × 20)

= (48.5×23.5) - (45 × 20)

= 1139.75 - 900

= 239.75 square meters

Now the cost is

= 239.75 × 25

= Rs. 5993.75

Sue says that customers are "expecting a whole lot more for their dollars so the level of customer service has to be that much better and the level of our offerings has to match their expectations". Sue decides to send an email survey to current customers to discover what additional services Camp Bow Wow might offer. Based on the results, Sue intends to implement new services. This is an example of: A. Applied research B. Basic research C. Fact finding D. Development and implementation

Answers

Answer:

A. Applied research

Explanation:

Applied research is defined as a study that is aimed at finding answers to specific practical problems. The information.gained from applied research is usually applied to business activity to improve a product, service, or process.

In the given scenario Sue sends an email survey to current customers to discover what additional services Camp Bow Wow might offer. Based on the results, Sue intends to implement new services.

She is using applied research to gain information that will improve customer service in the organisation

How will taxation influence the circular flow model

Answers

Answer:

TMS

Explanation:

Taxes (T) imposed by the government reduced the flow of income.

Money paid to foreign companies for imports (M) also constitutes a leakage.

Savings (S) by businesses that would have been put to use are a decrease in the circular flow of an economy's income.

Jose wants to find out how many men wear bright colored ties. Which
marketing research tool should he use?

A. Survey
B. Business records
C. Focus group
D. Census data

Answers

Answer:

survey

Explanation:

According to the scenario, a survey is the marketing research tool they used. Thus, option 'A' is the correct option.

What is a survey?

A survey is a set of questions used in human subject research with the goal of gathering specific information from a certain population. Surveys can be carried out via the phone, by mail, online, at street corners, and even in shopping centers. Surveys are used to collect data or learn more in areas like demography and social research. Survey research is frequently used to evaluate ideas, beliefs, and emotions.

Surveys might have narrow, focused objectives or they can have broad, more general objectives. In addition to being utilized to satisfy the more practical requirements of the media, such as evaluating political candidates, public health authorities, professional organizations, and advertising and marketing directors, surveys are frequently employed by psychologists and sociologists to evaluate behavior.

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Workplace diversity describes differences among workers in any of the following areas:
salary
office space
religion
Orace
select all that apply.

Answers

Answer= religion and race.

Office space and salary are not an example of diversity.

I hope this helps.

HELP ASAP...Just tap the photo to read the problem

Answers

Answer:

Red Dear

Explanation:

Red Dear tell the location of Human Resources

Which of the following list of factors of production would be considered land?

O Factories, assembly lines, buildings

O Farms, tractors, pesticides

O Iron ore, natural gas, water

O Dams, bridges, oil wells

Answers

Most likely answer is option 1

On January 1, Salter Corporation determined that its direct materials inventory needs to contain 6,000 pounds of materials by March 31. To achieve this goal, Salter will have to use four pounds of direct materials for every pound that it purchases during the upcoming quarter. On the basis of the company's budgeted sales volume, management estimates that 5,000 pounds of direct materials need to be purchased by March 31. Determine the number of pounds in Salter's beginning direct materials inventory on January 1.

Answers

Answer: 21000

Explanation:

Direct materials inventory desired = 6,000

Purchase of direct materials budgeted = 5000

Pounds needed for production = 5000 × 4 = 20000

The number of pounds in Salter's beginning direct materials inventory on January 1 will be:

= Direct materials inventory desired + Pounds needed for production -

Purchase of direct materials budgeted

= 6000 + 20000 - 5000

= 21000 pounds

Productivity is an important goal for Clearwater Electronics. Like most productive organizations, Clearwater recognizes the contributions human resource management (HRM) can make to improve productivity through people. How can HRM best ensure that the work environment at Clearwater is one in which employees are productive and add value?

Answers

Answer:

HR managers can contribute by providing work organization and design that allow for an increase of output as well as quality

Explanation:

Workplace diversity describes differences among workers in any of the following areas:
salary
office space
religion
race
Select all that apply.

Answers

Answer:salary

All

Explanation:

Why is being a flight attendant a good job

Answers

Answer:

cuz ur parents will call u a failure

Explanation:

Answer:

You are able to fly around the world and meet new cultures

Explanation:

Helpppp !!!

Usually done before you introduce a new product to be successful :

A) Test marketing
B) Marketing research
C) Marketing concept
D) Marketing mix

Answers

B) Marketing Research

If OSHA's regulations are not obeyed, what can OSHA do
to the people who are responsible? (Select two answers.)
Make them move to a different state.
Fire them.
Fine them.
Take them to court for committing a crime.
Make them create a Web site.

Answers

Answer:

Make them move to a different state.

Fire them.

Answer:

3  & 4

Explanation:

i got it right

1.2.
State which environment unions are found in.​

Answers

United state maybe cause you said which state ;-;

Pizza Hut is an American restaurant chain that offers different styles of pizzas and many other fast food options. There are more than 5,600 store locations in 94 countries around the world, which are owned and operated by the local population of those countries by giving access to patents, trademarks, etc. (a) Which form of international business is adopted by Pizza Hut? Explain. (b) Explain any two advantages and any two disadvantages of this form of international business.

Answers

Answer:

(a) Which form of international business is adopted by Pizza Hut? Explain.

Pizza Hut operates through franchises. Basically Yum (which owns Pizza Hut) is the franchisor that allows the franchisee to invest in a restaurant, operate it and it must pay the franchisor certain fees.

(b) Explain any two advantages and any two disadvantages of this form of international business.

Advantages:

higher rate of success for new businessesprior experience is not required since the franchisor provides training, counseling and a business model.

Disadvantages:

Franchisees must follow the business model and cannot innovatethe risk of poor service offered by some franchisees always exist

HELP PLEASE ILL GIVE CROWN!!!!
the percentage you will need to pay in interest on a loan will NOT depend on what factor?
A. your history of paying back loans in the past.
B. your volunteer activities and proof that you are a good person.
C. your overall credit score.
D. the financial choices you have previously made.

Answers

Answer:

B

Explanation:

This has nothing to do with your financial history, while every other option does.

ordinary kriging method assume that​

Answers

Ordinary kriging, for which the assumption of stationarity (that the mean and variance of the values is constant across the spatial field) must be assumed.

Mel suddenly finds an opportunity to sell boxed dinners. The new opportunity would require the use of the 30 percent unused capacity. The contribution margin from the dinners would amount to $3,000 annually. Required: a. If Mel decides to sell dinners, what are the total costs for both making and buying the cookies?

Answers

Answer:

$900

Explanation:

The computation of the total cost for both making and buying the cookies is given below:

But before that the variable cost per unit is

= (Cost of goods sold - fixed cost) ÷ (sales units)

= ($13,500 - $4,500) ÷ ($180,000 ÷ 6)

= $3

now the total cost is

= 300 × $3

= $900

someone please help !!

i need to fill the blanks in w descriptions from the bank on the right, based of an article. some descriptions also need to be inferred. (dark grey boxes are not to be answered)

https ://www.allbus ines s .com/advantages-and-dis advantages -of-sole-proprietors hips -3-875-1.html

Answers

Answer:

aph development continues with an expression of the rationale or the explanation that the writer gives for how the reader should interpret the information presented in the idea statement or topic sentence of the paragraph. The writer explains his/her thinking about the main topic, idea, or focus of the paragrap

Explanation:

According to Uniform Commercial Code (UCC) Section 3-312, a certified check or a cashier's check is fully recoverable if the check is _____.

Answers

Answer:

lost or stolen

Explanation:

The Uniform Commercial Code is one of the primary sources of the contract law in the United States of America together with the Common law. The Uniform Commercial Law is commonly known as the UCC and it is one of the "uniform law" or the "modern laws" in the United States.

Under the section 3-312 of the UCC if a check is a certified check or a cashier check and if the check is lost or stolen, then the claimant of the check can fully get the refund of the amount by submitting a declaration to the bank and have to wait for 30-90 days to get a replacement check or the refund of the money. The claimant may have to present a indemnity bond to the bank.

Base on Uniform Commercial Code (UCC) Section 3-312, There is every tendency that certified check or a cashier's check can be recovered in case of loss or theft.

Uniform Commercial Code (UCC) Section 3-312 can be regarded as code that overseas the recovery of any teller's check or certified check Incase of theft or loss.

This means that so far the check is a certified one no panic incase of loss.

Therefore, loss or stolen is correct.

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what are vital events?

Answers

Answer:

efers to the live birth, death, foetal death, marriage, divorce, adoption, legitimation, recognition of parenthood, annulment of marriage, or legal separation.

Explanation:


Description
Vital statistics is accumulated data gathered on live births, deaths, migration, fetal deaths, marriages and divorces. The most common way of collecting information on these events is through civil registration, an administrative system used by governments to record vital events which occur in their populations

At the end of a long day, Sabrina, a cashier for a supermarket is counting the paper money. One of the bills falls from the cash register into the bottom of Sabrina's purse. What elements of embezzlement are present in this situation? Should Sabrina be convicted of embezzlement? Why or why not?

Answers

Answer:

It is an act of theft and conversion of property that is not her own. However it is not intentional

She should not be convicted

Explanation:

Embezzlement is defined as the intentional managemnet of.funda that are put in the care of a person. This is done in order to have a personal gain from the management.

It is when an individual engages in theft of entrusted funds.

In the given scenario although the cash fell into her bag, she did not intentionally take the money for personal gain.

As this is the main concept of embezzlement, she can't be held guilty of embezzlement

Which of the following would be included in the U.S. gross domestic product
(GDP) measure?

Answers

Answer:
B) The value of Toyota cars made in California

Explanation:
The question asks for something that would be included in the U.S.’s GDP. This answer is the only one that is located in the United States. The other answers are from different countries.

Gross domestic product (GDP) is a standardized measure of the value-added generated by a country's production of goods and services over a specific time period.

What is the significance of GDP?

GDP is essential since it offers information about an economy's value and performance. The rate of increase in real GDP is widely cited as an indicator of the economy's overall health.

In general, an increase in real GDP is regarded as proof that the economy is doing well.

Thus, Option B is included in US GDP.

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The blank is the the minimum amount of your bill you must pay each month.

Answers

minimum payment

the least amount of money that must be paid at the end of a month

1. Describe ways in which individuals you know have developed differently from others .

Answers

Answer:

Key takeaway: Our perceptions are influenced by our individual differences and preconceived notions.

Explanation:

Physical characteristics influence how we perceive and respond to information. You may be asked to design a sign that says, “Watch your head,” which will be placed next to a six foot six inch overhang that is above floor level. While a few very tall people will have to worry about hitting their heads on the overhang, most people in the world are not that tall. Tall and short individuals will perceive this sign differently.

Your psychological state can also influence what you read and listen to, and why you do so. The emergency procedures binder on the wall next to the first aid kit doesn’t mean much to you until a coworker falls and suffers some bad cuts and bruises. If you were asked to design the binder and its contents, could you anticipate a psychological state of anxiety that would likely be present when someone needed the information? If so, then you might use clear bullet lists, concise, declarative sentences, and diagrams to communicate clearly.

Your cultural background plays a significant role in what and how you perceive your world. You may be from a culture that values community. For example, the message across the advertisement reads: Stand out from the crowd. Given your cultural background, it may not be a very effective slogan to get your attention.

Our perceptual set involves our attitudes, beliefs, and values about the world. Perhaps you’ve heard the phrase, “Looking at the world through rose-colored glasses” and can even think of someone as an example. We experience the world through mediated images and mass communication. We also come to know one another interpersonally in groups. All these experiences help form our mental expectations of what is happening and what will happen.

Think about your brand preferences, your choice of transportation, your self-expression through your clothing, haircut, and jewelry—all these external symbols represent in some way how you view yourself within your community and the world. We can extend this perspective in many ways, both positive and negative, and see that understanding the perspective of the audience takes on new levels of importance.

As the price of Pufs increased, the demand for Huks has decreased. Based on this information, what type of good is a Huk?

Answers

More than likely a superior good.

what is human resources in south Africa​

Answers

Explanation:

Human resources refer to a country's population, their skills and abilities

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you are the driver in the photo. you intent to turn right at the next intersection. what is the best lane position to use? Use the Integral Test to determine whether the series is convergent or divergent given 1n5from n=1 to infinity? Develop a model to illustrate the role of photosynthesis and cellular respiration in the cycling of carbon among the biosphere, atmosphere, hydrosphere, and geosphere. calculate the overall speedup of a system that spends 65 percent of its time on io with a disk upgrade that provides for 50 percent greater throughput 3 pt Select True or False for the following statements about action of light on a diffraction grating. o If the distance between the screen and the grating is halved, then distance between the bright fringes doubles. 14. AO True BO False o If the wavelength of the light is increased, then the dis- tance between the bright fringes increases. 15. AO True BO False b If the line density of the grating is halved, then the distance between the bright fringes also halves 10. AO True BO False Printed from LON-CAPAOMSU Licensed under GNU General Public License since all components are 0, we conclude that curl(f) = 0 and, therefore, f is conservative. thus, a potential function f(x, y, z) exists for which fx(x, y, z) = which item returns the parties to their original position? select one: a. novation b. subordination c. discharge d. rescission _____ studies are the most time efficient method, whereas _____ studies provide the most in-depth information per participant. you invest $8,000 in stock a with a beta of 1.4 and $12,000 in stock b with a beta of 0.8. the beta of this combined portfolio is equal to hat is the process to determine the density (in gcm3) of a cube of metal with an edge length of 22.5 mm and a mass of 14.09 g? data sheet and periodic table equation equation equation equation A thin 100 g disk with a diameter of 8 cm rotates about an axis through its center with 0.15 j of kinetic energy. What is the speed of a point on the rim? select the answer that best completes the given statement. if b^m=b^n, then what is an estate planning strategy for married couples to minimize taxes over two deaths? group of answer choices a. bequeath the entire estate to a trust, giving the surviving spouse a general power of appointment b. bequeath the exemption amount to a qualified terminable interest property trust (qtip) and the balance to the surviving spouse c. bequeath as much as practical to a bypass trust to take advantage of the exemption amount at the first death d. bequeath an amount to a bypass trust at the first death to equalize the taxable estates What is observed when a beam of light is exposed into a dark room at 80 degrees celsius some health professionals want mdma (ecstasy) to be made available for the treatment of psychiatric disorders. T/F (Refer to fig. 15) IN the TAF from KOKC, the clear sky becomesA. overcast at 2,000 during the forecast between 2200Z and 2400Z B. overcast at 200 with a 40% prob. of becoming overcast at 600 during the forecast between 2200Z and 2400Z C. overcast at 200 with the prob. of becoming overcast at 400 during the forecast between 2200Z and 2400Z a 5.70 kgkg watermelon is dropped from rest from the roof of a 17.5 mm-tall building and feels no appreciable air resistance. Calculate the work done by gravity on the watermelon during its displacement from the roof to the ground Express your answer with the appropriate units. the marginal revenue a seller receives can be expressed as mr= . A. Write the equation of the line with the given slope and y-intercept.1. slope = 4 and y-intercept = -22. slope = 0 and y-intercept = 103. slope = -3 and y-intercept = 64. slope = 5 and y-intercept = 05. slope = 2/3 and y-intercept = 9 29-year-old g3p2 presents to the office for her obstetrical visit. she is currently 16 weeks gestation by ultrasound. her pregnancy has had no complications to date. she is a non-smoker and takes her prenatal vitamin. what routine obstetric lab should be offered at this visit?