ZARA University contract:Contract Price:UnitsPriceContract PriceStep 1:Step 2:Step 3:Delivery dateJanuaryFebruaryMarchLater905655592,775Step 4:Contract existsOnly 1 performance obligationDetermine the transaction price - variable considerationBonus Consideration Probability4%3%2%0%It is 55% likely that the revenue will be reversed, so it is constrained.Transaction Price (constrained)Transaction Price per scooterEstimated Bonus per scooter616,486610,558604,631592,775610,558674.6519.6545%40%10%5%100%Only 1 performance obligation, so no allocation277,419244,22360,46329,639611,744 Please list all of the journal entries for 2022 the ZARAUNIVERSITY Contract. Your company name is PP. See belowinformation:On December 1, PP signed a contract with ZARA University toprovide them with 905 scooters, at a price of $655 each. ZARAUniversity chose not to purchase the additional maintenanceservice. Because PP had a great sales year, they did not have anyscooters in stock on December 1.ZARA University offered a bonus plan for early delivery.They will pay a 4% bonus if all scooters are delivered by the endof January, 3% if all scooters are delivered by the end of February,and 2% if all scooters are delivered by the end of March.It believes that it is 45% likely that it can deliver the remainingscooters in January, 40% likely that it will deliver them inFebruary, 10% likely that it will deliver them in March, and 5%likely it will deliver them in April.PP delivered and was paid for 195 scooters during the month ofDecember.Hint: Consider using the "Estimated Bonus" account.The analysis of the first four steps in the revenue recognitionprocess are below:

Rules for EntriesPersonal Account: Related to Person or Firm.Receiver will be debited and Giver will…

ZARA University contract: Contract Price: Units Price Contract Price Step 1: Step 2: Step 3: Delivery date January February March Later 905 655 592,775 Contract exists Only 1 performance obligation Determine the transaction price - variable consideration Bonus Consideration Probability 4% 3% 2% 0% 616,486 610,558 604,631 592,775 It is 55% likely that the revenue will be reversed, so it is constrained. Transaction Price (constrained) Transaction Price per scooter Estimated Bonus per scooter Step 4: 610,558 674.65 19.65 45% 40% 10% 5% 100% Only 1 performance obligation, so no allocation 277,41 244,22 60,46 29.63 611,74

ZARA University contract: Contract Price: Units Price Contract Price Step 1: Step 2: Step 3: Delivery date January February March Later 905 655 592,775 Contract exists Only 1 performance obligation Determine the transaction price - variable consideration Bonus Consideration Probability 4% 3% 2% 0% 616,486 610,558 604,631 592,775 It is 55% likely that the revenue will be reversed, so it is constrained. Transaction Price (constrained) Transaction Price per scooter Estimated Bonus per scooter Step 4: 610,558 674.65 19.65 45% 40% 10% 5% 100% Only 1 performance obligation, so no allocation 277,41 244,22 60,46 29.63 611,74

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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whion for Coofer EuterPrises is gven below! Dee B1, 20 24 Plan assets (at fair valve) Projected bonegil obligation Acemulated other comprehensivedess $ 1,600,000 1,200,000 503,700 The everage remahing benvicekife of euluye is loyeurs. The amortizahion of Accumulofed other CompPorc hesaive lass for tor 2022, usingthe corridor methad, 1B .... ? cs Scanned with GamScanner
On October 1, 2024, Wildhorse Corporation ordered some equipment from a supplier for 322,000 euros. Delivery and payment are to occur on November 15, 2024. The spot rates on October 1 and November 15, 2024, are $1.20 and $1.30, respectively. (a) - Your answer is partially correct. Assume that Wildhorse entered into a forward contract on October 1, 2024, to hedge the firm commitment. The forward rates for euros for November 15 delivery were October 1 November 15 $1.23 $1.30 Furthermore, assume the equipment was purchased and paid for on November 15. Prepare all journal entries needed to record and settle the hedge and to record the purchase of the equipment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)
Novell, Inc., has the following mutually exclusive projects. Year Project A Project B 0 $27,000 $30,000 1 15,500 2 12,000 3 3,600 16,500 10,500 12,000 a-1. Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Project A Project B 1.958 years 2.250 years a-2. If the company's payback period is two years, which, if either, of these projects should be chosen? Project A Project B
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Based on the following table. Bid Ask EURUSD 1M FWD 7.05 7.34 EURUSD 2M FWD 14.99 15.15 EURUSD 3M FWD 22.57 23.05 EURUSD 4M FWD 30.25 30.55 EURUSD 5M FWD 38.03 38.43 EURUSD 6M FWD 45.91 47.2 EUR/USD Spot 1.1320 1.1328 What is the average annualized forward premium/discount for the EUR if you use the 4M forward contract (Format for answer: X.XX% or –X.XX%)
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See below information from exercise 12-9
Aa 27.
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