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Day three: the same student goes into the Coffee House bringing in his coffee mug and orders a large coffee and a croissant. Standalone selling prices are $5 for the coffee and $2 for the croissant. The cashier tells the student they are out of croissants. The cashier then offers the student the large coffee and a coupon for two croissants (its typical business practice) for $7. The student pays the $7 to the cashier. The cashier gives the student a coupon for two croissants. The barista pours the coffee into the coffee mug and hands it to the student. The student then takes the coffee and the coupon and heads to the dorm to study for the upcoming accounting exam. The Coffee House sells a coupon for two croissants for $3.50. To increase visits, these coupons can be redeemed any date after the date of purchase. The Coffee House has limited experience with these coupons but, so far, these coupons have always been redeemed.
Problem 1: Describe how the revenue model applies to this transaction. For any step that is not applicable, simply indicate it is not applicable.
Problem 2: Draw a conclusion as to whether the requirements for that step were complied with.
Problem 3: Determine the amount of revenue that should be recognized with detailed calculations and provide the journal entry to record the transaction.
Describe and interpret the ratios that you calculated. Discuss potential liquidity issues based on your calculations of the current and quick ratios.
During 2010, Bike reported net income of $500,000. For 2011, Bike reported net income of $800,000. Dividends of $300,000 were paid in each of these two years. Explain how much income did Harley report from Bike for 2011?
Accounting for share issues and options Sunny Ltd is looking to expand its operations, and in order to do this, the company needs to increase equity. On 1 January 2016, Sunny Ltd offered 4,000,000 ordinary shares to the public at an issue price of $3..
How might establish a forward contract to mitigate your transaction exposure in this instance. What will be your expected future cash flow in pounds?
Precious, Inc. is a merchandiser of a single line of golden rings. At the beginning of the? day, the shop had 10 rings in its inventory. During the? day, 4 new rings were delivered to the shop. By close of? business, only 8 rings remained in inventor..
Following is selected financial information for Netflix, for 2018 and 2017. Compute and interpret Altman Z-scores for the company for both years
Prepare the pro-forma financial statements under the two assumptions and calculate external financing required. Then, determine the sustainable
If the appropriate discount rate is 15 percent, what is the NPV of this investment? Round to two decimal places.
In Ned's journal entry, How he debited $9,200 for and and entered a credit of $9,200 for? illustrate the damaging effects of uncollectible accounts
Would you rather receive 6.25% compounded annually or 6.11% compounded semiannually? 6.25% annually because it gives a higher return than 6.11%
Define the financial planning process. Identify and discuss the three most important personal factors and the three most important economic factors
What are the strategic capabilities at the organization where you work? Based on this list of capabilities, what are the key strategic positions?
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