Business, 22.10.2019 22:50 xxbriannahollandxx

Geraths windows manufactures and sells custom storm windows for three-season porches. geraths also provides installation service for the windows. the installation process does not involve changes in the windows, so this service can be performed by other vendors. geraths enters into the following contract on july 1, 2014, with a local homeowner. the customer purchases windows for a price of $2,400 and chooses geraths to do the installation. geraths charges the same price for the windows irrespective of whether it does the installation or not. the customer pays geraths $2,000 (which equals the fair value of the windows, which have a cost of $1,100) upon delivery and the remaining balance upon installation of the windows. the windows are delivered on september 1, 2014, geraths completes installation on october 15, 2014, and the customer pays the balance due. prepare the journal entries for geraths in 2014, assuming geraths estimates the standalone value of the installation based on an estimated cost of $400 plus a margin of 20% on cost. prepare the journal entries for geraths in 2014, assuming, given uncertainty of finding skilled labor, geraths is unable to develop a reliable estimate for the fair value of the installation.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 17:00

The risk-free rate is 7% and the expected rate of return on the market portfolio is 11%. a. calculate the required rate of return on a security with a beta of 1.92. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. if the security is expected to return 15%, is it overpriced or underpriced?

Answers: 2

Answer

Business, 21.06.2019 19:20

What impact did the economic opportunities in pennsylvania and new york have on virginia? a. virginia planters started to migrate to new york. b. new yorkers began buying up cheap virginia real estate. c. virginians found themselves resorting increasingly to slavery. d. virginians loosened their slave laws to attract more migrants.

Answers: 2

Answer

Business, 22.06.2019 16:00

Which plan offers a tax-free education?

Answers: 1

Answer

Business, 22.06.2019 17:30

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Answers: 3

Answer

You know the right answer?

Geraths windows manufactures and sells custom storm windows for three-season porches. geraths also p...

Questions