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Question - A clothing store maintains a loyalty program for its customers, and follows IFRS. For every purchase, members receive points that do not expire. In fiscal 2019, the store made sales of $1 million and awarded 60,000 points that have a fair value of $60,000. The company estimates that approximately 75% of these points will be redeemed by members. Members redeemed 10,000 points in fiscal 2020. Provide the necessary journal entries for fiscal 2019 and 2020.
If you require a return of 15 ?percent, should you purchase the? stock? What is your expected rate of? return? Alyward? & Bram common stock currently sell
Compute What is the bonds current yield? The bond has a face value of 1000 and a yield to maturity of 10.5883%. The bond pays coupons semiannually.
Portis, Inc. reported sales of $8,000,000 for the month and incurred variable expenses totaling $5,600,000 and fixed expenses totaling $1,440,000. The company has no beginning or ending inventories. A total of 80,000 units were produced and sold last..
Provide a summary of the grant opportunity and how that grant could be beneficial to an Emergency Preparedness Manager. Include the grant identification number
Which estimated recovery of unsecured creditors without priority is equal? to their claims multiplied by the estimated recovery percentage
An asset purchased on January 1, 2015 for $63,000 that has an estimated life of 10 years will have a book value on December 31, 2018 of
Prepare the journal entries to record the purchase by Thomas on November 17 and payment on November 26, 2011, using the gross method of accounting for purchase discounts.
Amount owing to another entity for services rendered during December 2020 300,000. What amount should be recognized as provision on December
Give an example of how each of the following control activities is applied to internal control over sales and cash at East-West Sports Shop:
Assume you are a credit manager in charge of approving commercial loans to business firms.
Find the dollar sales that would be required to generate the same net income as contained in the budgeted income statement for next year.
Edenton Boat Company manufactures small pleasure boats on an assembly-line basis. The units are started in the Department A. On July 1 of this year, the Work-in-Process inventory of the department A consisted of 200 units 100% complete as to material..
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