Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $72,000. Ayayai normally sells its riding mowers for $14,400 and its push lawn mowers for $960. The contract required the City of Halifax to pay Ayayai once all of the merchandise has been delivered to the city's public works yard. Ayayai's management does not expect any returns or any issues with payment. Ayayai delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered on May 5. Ayayai received payment from the city on May 18. Ayayai's cost for each riding mower is $9,960, while the push mowers cost the company $620 each. (a) Determine the amount of revenue that Ayayai would be able to recognize in April. Revenue Recognized Riding mowers $4 Push lawnmowers

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Determine the amount of revenue that Ayayai would be able to recognize in April.
Revenue Recognized
Riding mowers
Push lawnmowers
Total
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Transcribed Image Text:le Edit View History Bookmarks Profiles Tab Window Help M 100% O glas College WP Ch 05 Homework Assignment X WP NWP Assessment Player UI Ap X education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=73f9082f-68e7-46db-a4b3-509e5b6e0e6d#/question/0 omework Assignment Question 1 of 2 <> -/5 Determine the amount of revenue that Ayayai would be able to recognize in April. Revenue Recognized Riding mowers Push lawnmowers Total eTextbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later %24 %24
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as College
WP Ch 05 Homework Assignment X
wP NWP Assessment Player UI Ap X
ducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld=73f9082f-68e7-46db-a4b3-509e5b6e0e6d#/question/0
mework Assignment
Question 1 of 2
- / 5
Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $72,00O.
Ayayai normally sells its riding mowers for $14,400 and its push lawn mowers for $960. The contract required the City of Halifax to
pay Ayayai once all of the merchandise has been delivered to the city's public works yard. Ayayai's management does not expect any
returns or any issues with payment.
Ayayai delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered
on May 5. Ayayai received payment from the city on May 18. Ayayai's cost for each riding mower is $9,960, while the push mowers
cost the company $620 each.
(a)
Determine the amount of revenue that Ayayai would be able to recognize in April.
Revenue Recognized
Riding mowers
Push lawnmowers
713
JAN
30
%24
Transcribed Image Text:Edit View History Bookmarks Profiles Tab Window Help M 100% M Sun 11:24 AM as College WP Ch 05 Homework Assignment X wP NWP Assessment Player UI Ap X ducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld=73f9082f-68e7-46db-a4b3-509e5b6e0e6d#/question/0 mework Assignment Question 1 of 2 - / 5 Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $72,00O. Ayayai normally sells its riding mowers for $14,400 and its push lawn mowers for $960. The contract required the City of Halifax to pay Ayayai once all of the merchandise has been delivered to the city's public works yard. Ayayai's management does not expect any returns or any issues with payment. Ayayai delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered on May 5. Ayayai received payment from the city on May 18. Ayayai's cost for each riding mower is $9,960, while the push mowers cost the company $620 each. (a) Determine the amount of revenue that Ayayai would be able to recognize in April. Revenue Recognized Riding mowers Push lawnmowers 713 JAN 30 %24
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