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!
Question - Dealer Dave Inc. (DDI) assists its clients in obtaining new and used vehicles with desired features at the lowest possible price or with good financing terms. Clients fill out a standard form at DDI that lists their preferred type of vehicle and desired features. DDI then researches the client preferences at various new and used car dealerships and presents the best deals to the client. If the client decides to accept a deal, DDI will sign the purchase contract with the client and accept payment or arrange financing on behalf of the dealership. DDI will also arrange delivery of the vehicle to the client. All warranty and any issues after delivery are solely the responsibility of the dealership. DDI charges the client a flat fee of $300. No fees are charged to the dealerships.
a) Provide two factors that suggest DDI is acting as an agent.
b) Provide one factor that suggests DDI is acting as a principal.
c) Conclude whether DDI is acting as a principal or an agent, and discuss how DDI should record revenue if a client accepts a deal.
The project requires an initial investment of $177,000 in assets, which will be depreciated, What is the operating cash flow for the project in year 2?
Earnings are expected to grow by 15% each year for the next 5 years and 3% thereafter. What is your estimate to the Terminal Value
Relevance is identified as a fundamental qualitative characteristic in the IASB framework. However, the framework is criticised for not identifying mechanism
Supplies costing $800 were used to repair a police car, and the Motor Vehicle Repair Fund billed to the General Fund at a markup of 20 percent on cost.
In every corporate liquidation, which type of credits shall always be fully settled? Unsecured claims without priority. / Partially secured claims
What will be the resulting percentage change in EBIT if they expect units sold to changes by 8.9 percent? (Should calculate the degree of operating leverage)
What The rate at which banks charge each other for loans in interbank market is called?The difference between equities and debt securities is
Calculate the amount Peter can deduct from employment income. Peter's employer requires him to use his own vehicle for work and pay all of the vehicle's
martha and jones have capital balances on january 1 of 50000 and 40000 respectively. the partnership income-sharing
Parleon Company, What is the standard deviation of the returns over the 5-year period? What is the average return over the 5-year period?
Prepare contribution format income statements for April. (Round the "Total percent" answers to one decimal place. Input all amounts as positive values except losses which should be indicated by minus sign. Omit the "$" and "%" signs in your respon..
What would a pension worksheet, in good format, showing the results of all the transactions stated above in the question look like?
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