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Regal Department Store sells gift certificates, redeemable for store merchandise, that expire one year after their issuance. Regal has the following information pertaining to its gift certificates sales and redemptions:
Unredeemed at 12/31/Y1 $ 75,000 Year 2 sales 250,000 Year 2 redemptions of prior year sales 25,000 Year 2 redemptions of current year sales 175,000 Regal's experience indicates that 10% of gift certificates sold will not be redeemed. In its December 31, year 2 balance sheet, what amount should Regal report as unearned revenue?
Depict the regression line on your graph. Use your graph to calculate the regression line using the criteria of economic plausibility, goodness of fit as well as significance of the independent variable.
Illustrate what is the company's projected benefit obligation at the end of 2011? If no estimates are changed in the meantime, what will be the company's projected benefit obligation at the end of 2014 (three years later)?
All costs can be categorized as fixed and variable, as illustrated by the Cost Estimating Equation, TC = FC + V (X), where V is the linear variable cost per unit of activity, X.
Review debt activity for a few days before and after year-end to determine whether transactions are included in the proper period. Determine due dates on notes and bonds for proper classification between current and long term debt.
Evaluation of Goods available for sale, inventory and evaluate the Goods available for sale, Ending inventory and Cost of goods sold.
Do you believe this firms quality initiatives have been successful and be sure to justify your opinion with specific information from the quality report.
Prepare a schedule of lease receits for cherry ltd and the journals entries for the year ended 30 june 2011 and do the same for hazel ltd
Ranger Company purchases 17,280 units of Product Beta each year in lots of 864 units per order. The cost of placing one order is $10, and the cost of carrying one unit of product in inventory for a year is $6. How many orders for Beta will Ranger pla..
Will the event be profitable for the sorority? Show computations and how many people must attend for the sorority to break even?
Why did the controller compute depreciation expense on the financial statements as he or she did? What are the possible consequences of the controller's decision on the amount of depreciation expense?
Compare revenue recognition criteria of U.S. GAAP and IFRS. Be prepared to give examples from real-life experiences, research, and/or readings
Gross margin is expressed as…
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