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Question 1: When a balance sheet is showing revenues and in italics, it says "Dollars and shares in millions, except per share data" how many zeros do you add to the number it gives you? For example, the total revenues for Mcdonald's in 2020 is shown as $19,208. What is the correct way to interpret that?
Expense Recognition: Applying U.S GAAP indicate the amount of expenses the firm recognizes during the months of june, july and august in each of the following hypothetical transactions. Pays $180,000 on July 1 for the one year’s rent on a warehouse b..
Which of the following is most associated with managerial accounting? a) must follow GAAP b)may rely on estimates and forecast c) is prepared for users outside the organization d) always reports to the entire entity
Mr. Hatim hold a diversified portfolio consisting of Pakistan State Oil, What would be the new portfolio beta that Mr. Hatim holds?
Include in your discussion an analysis of how NPV would be affected if the price of gold were to rise significantly. What should Strik-it-Rich management?
Providence Corporation makes an equity-method investment in Southampton Inc. at a purchase price of $3.4 million cash, representing 30% (at book value. of Southampton Inc. During the year, Southampton reports net income of $985,000 and Providence rec..
Bowman, Inc., has only variable costs and fixed costs. A review of the company's records disclosed that when 200,000 units were produced, fixed manufacturing costs amounted to $1,000,000 and the cost per unit manufactured totaled $19. On the basis of..
Charlie borrowed $170000 today. To repay the loan, Charlie makes yearly payments of R dollars (in the end of year) from year 3 to year 14. What is R?
Mega Concerns Inc., Evaluate factors that should be considered to determine whether the functional currency of VCL is the Canadian dollar or the Mexican peso.
If we have inpatient admissions of 3,250, what is number of adjusted admissions? Assume our hospital has inpatient charges of $20 million and outpatient charges
If the company you are discussing does not have readily available information for research, then you will need to choose another organization.
Wildhorse Company has a tax rate of 20% and income taxes payable. What is the amount of the deferred tax liability at the end of 2021?
What is the external financing needed? Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are project
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