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1.AuctionCo.com sells used products collected from different suppliers. Assume a customer ordered a used bicycle through AuctionCo.com for $30. The cost of this bicycle is $20 to AuctionCo.com. The bicycle will be shipped to the customer by the original bicycle owner.
Required:1. Assume AuctionCo.com takes control of this used bicycle before sale. Under this assumption, how much revenue would the company recognize?2. Assume AuctionCo.com never takes control of this used bicycle before sale. Under this assumption, how much revenue would the company recognize?3. Which assumption do you think is more appropriate for the AuctionCo.com case? Explain.
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Every month you put $100 into a savings account which pays 5% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your “house fund”. How much is in this account after 5 years?
question capital projects fund homework problemaccuracy matters.tiger township entered into the subsequent transactions
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