Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Fabulous Athletics offers a monthly subscription box for $40 where a new pair of leggings is automatically sent to subscribers on the first day of the month. If a customer does not like their leggings, they can send the leggings back before the last day of the month free of charge in exchange for a store credit. Historically, 30% of customers send back their leggings each month. A member's credit card is automatically billed on the first day of the month; if there are any concerns regarding the credit card, the subscription box is not shipped, and the member's account is put on hold. Shipping terms are f.o.b. shipping point. During the month of September 2020, the company had 5,000 members. The cost of each subscription box to Fabulous Athletics is $15. The company reports under ASPE.
Required - Start this question on a new page. Show all calculations and analysis to get full marks.
a) Prepare the journal entries that Fabulous Athletics will need to record in September 2020 for both the sale of subscription boxes and the related cost of goods sold.
b) Would your answer in Part A be different if the company used IFRS? Show how the journal entries would be different, if applicable.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd