Question

This fact pattern provides information needed to answer Q4 10 through 2016 On August 1 Year 1, Hoppy Company agreed to provid
now @ SETTINGS Software Update Will Be Auto Installed iOS 13.7 is available and will be installed later tonight. Also in Year
year. We sees were presente (paid) Hoppy $30,000 when the contract was signed on November 1, Year 1. In Year 2, both clients
Q10
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Consulting revenue from large client in Year 1 = $480,000 x 5/24 = $100,000

Consulting revenue from small client in Year 1 = $24,000 x 2 = $48,000

Total consulting revenues in Year 1 = $100,000 + $48,000 = $148,000

Answer: 148000

Add a comment
Know the answer?
Add Answer to:
Q10 This fact pattern provides information needed to answer Q4 10 through 2016 On August 1...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 13 This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year...

    13 This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year 1, Hoppy Company agreed to provide consulting service to a large client over a 24-month period. It was agreed that these services would be provided in equal monthly amounts starting on August 1, Year 1. These services were provided as agreed. The aggregate value of all services under this contract was $480,000. In Year 1, Hoppy received $110,000 from this large client. Also in...

  • 16 This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year...

    16 This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year 1, Hoppy Company agreed to provide consulting service to a large client over a 24-month period. It was agreed that these services would be provided in equal monthly amounts starting on August 1, Year 1. These services were provided as agreed. The aggregate value of all services under this contract was $480,000. In Year 1, Hoppy received $110,000 from this large client. Also in...

  • 11 This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year...

    11 This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year 1, Hoppy Company agreed to provide consulting service to a large client over a 24-month period. It was agreed that these services would be provided in equal monthly amounts starting on August 1, Year 1. These services were provided as agreed. The aggregate value of all services under this contract was $480,000. In Year 1, Hoppy received $110,000 from this large client. Also in...

  • 10 use first two photos to answer #10 please my bad. calculate consulting revenues in year...

    10 use first two photos to answer #10 please my bad. calculate consulting revenues in year 1 please. thank you This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year 1, Hoppy Company agreed to provide consulting service to a large client over a 24-month period. It was agreed that these services would be provided in equal monthly amounts starting on August 1, Year 1. These services were provided as agreed. The aggregate value of...

  • #15 use first two photos to answer #15 in photo 3 please This fact pattern provides...

    #15 use first two photos to answer #15 in photo 3 please This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year 1, Hoppy Company agreed to provide consulting service to a large client over a 24-month period. It was agreed that these services would be provided in equal monthly amounts starting on August 1, Year 1. These services were provided as agreed. The aggregate value of all services under this contract was $480,000. In...

  • 15 all th info needed is in the pictures sent use first two photos to answer...

    15 all th info needed is in the pictures sent use first two photos to answer #15 please. thank you use first 2 photos to answer #15 please This fact pattern provides information needed to answer Q#10 through Q#16. On August 1, Year 1, Hoppy Company agreed to provide consulting service to a large client over a 24-month period. It was agreed that these services would be provided in equal monthly amounts starting on August 1, Year 1. These services...

  • Company Z was engaged by a large client in May Year 1. The parties contracted for...

    Company Z was engaged by a large client in May Year 1. The parties contracted for monthly consulting services valued at $20,000 starting on September 1, Year 1. [This contract provides for monthly services through December 31, Year 2.] In Year 1, the client had paid for 80% of the services it had received from Company Z in that year. $_________ Consulting Revenue in Year 1 $_________ Consulting AR at Dec.31, Year 1 [if any] …If none, so state $_________...

  • 8 QUES ON This fact pattern provides information for eight questions, Q#1-Q#8. Consultant Salaries: Kinsey Company...

    8 QUES ON This fact pattern provides information for eight questions, Q#1-Q#8. Consultant Salaries: Kinsey Company hired seven consultants on April 10, Year 1. All consultants began working on that same date. The monthly salary amount for these consultants was $4,200 each. Monthly paydays occur on the 20th for the period then ended. By mutual agreement, the first payday on April 20 was for 1/3 of a month. All paydays involved the proper amounts and were paid on the appropriate...

  • 7 QUES ON This fact pattern provides information for eight questions, Q#1-Q#8. Consultant Salaries: Kinsey Company...

    7 QUES ON This fact pattern provides information for eight questions, Q#1-Q#8. Consultant Salaries: Kinsey Company hired seven consultants on April 10, Year 1. All consultants began working on that same date. The monthly salary amount for these consultants was $4,200 each. Monthly paydays occur on the 20th for the period then ended. By mutual agreement, the first payday on April 20 was for 1/3 of a month. All paydays involved the proper amounts and were paid on the appropriate...

  • #5 QUESTION 1 3 poir This fact pattern provides information for eight questions, Q#1-Q#8. Consultant Salaries:...

    #5 QUESTION 1 3 poir This fact pattern provides information for eight questions, Q#1-Q#8. Consultant Salaries: Kinsey Company hired seven consultants on April 10, Year 1. All consultants began working on that same date. The monthly salary amount for these consultants was $4,200 each. Monthly paydays occur on the 20th for the period then ended. By mutual agreement, the first payday on April 20 was for 1/3 of a month. All paydays involved the proper amounts and were paid on...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT