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Question 1: David purchased a TV from his employer. The regular price on the TV is $1,000 and the profit margin on the TV would be 25%. David paid $700 on the TV. David also purchased 2 years warranty on the TV. The regular price for the warranty to the customer is $150. As an employee, David only paid $100. How much income does David have to recognize?
Prepare the journal entries to record sales, collections, bad debts expense, and write-offs of bad debts for the year ending 30 June 2021.
Derrick buys a CD, but after listening to it, decides he doesn’t like the music. May he legally sell the CD to someone else? If he thinks his cousin would enjoy the music, may he legally copy the CD for her (at no cost)?
If Kodak just paid a dividend of one dollar this year what is the current price of a share of Kodak stock based on the dividend growth model
Smithson Products sells shoes and accessories to retail stores. Gross sales in 2013 were $1,407,250 (Smithson's list price) on terms 2/10, n/30. Customers paid for $925,500 (Smithson's list price) of the merchandise within the discount period and the..
How much is the additional premium that XYZ, Inc. shareholders require to be compensated for financial risk? Show your work.
Ramirez’s adjusted basis in a passive activity is $45,000 at the beginning of the year. His loss from the activity for the current year is $14,200. Ramirez has wages of $65,000 and dividend income of $300. Adjusted basis in the passive activity
The ratio of debt to equity is 1 to 1. The cost of equity is 13%, the pre-tax cost of debt is 9%, and the tax rate is 34%. What is the NPV of the project
Journal entry and accounting equation on 30 June 2016. Commissions to sales personnel for the five day working week ending 2 July 2016
Calculate the outstanding amounts to be paid by SESB to the Inland Revenue Board and determine the due date to pay the outstanding balance
Which the most likely use of an income statement prepared by a business enterprise is for investors and creditors to? predict the company's future performance.
Prepare an unadjusted trial balance for First-Class Designs as of June 30, 2014 - determine the excess of revenues over expenses for June.
A firm has sales of $1,360, net income of $163, net fixed assets of $507, and current assets of $308. The firm has $101 in inventory. What is the common-size statement value of inventory?
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