subject
Business, 15.10.2019 18:30 behemoth42

Data recovery services (drs) specializes in data recovery from crashed hard drives. the price charged varies based on the extent of damage and the amount of data being recovered. drs offers a 10% discount to students and faculty at educational institutions. consider the following transactions during the month of june. june 10 rashid’s hard drive crashes and he sends it to drs. june 12 after initial evaluation, drs e-mails rashid to let him know that full data recovery will cost $3,000.june 13 rashid informs drs that he would like them to recover the data and that he is a student at ucla, qualifying him for a 10% educational discount and reducing the cost by $300 ( = $3,000 × 10%).june 16 drs performs the work and claims to be successful in recovering all data. drs asks rashid to pay within 30 days of today’s date, offering a 2% discount for payment within 10 days. june 19 when rashid receives the hard drive, he notices that drs did not successfully recover all data. approximately 30% of the data has not been recovered and he informs drs. june 20 drs reduces the amount rashid owes by 30%.june 30 rashid pays the amount owed.1. record the necessary transaction(s) for data recovery services on each date. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) 2. show how net revenues would be presented in the income statement. 3. calculate net revenues if rashid had paid his bill on june 25.(round your answer to 2 decimal places.)

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:30
True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.
Answers: 3
question
Business, 22.06.2019 02:00
On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)
Answers: 3
question
Business, 22.06.2019 07:10
1. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount of unearned interest. 2. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount necessary to pay off the loan. ! i entered 967.82 for question 1 and 5,455.78 for question 2 and it said it was
Answers: 3
question
Business, 22.06.2019 12:00
Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
Answers: 1
You know the right answer?
Data recovery services (drs) specializes in data recovery from crashed hard drives. the price charge...
Questions
question
History, 07.04.2020 22:35
question
Mathematics, 07.04.2020 22:35
Questions on the website: 13722367