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Cash versus accrual basis of accounting. Thompson Hardware Store commences operations on January 1, 2008, when Jacob Thompson invests $30,000 for all of the common stock of the firm. The firm rents a building on January 1 and pays two months' rent in advance in the amount of $2,000. On January 1 it also pays the $1,200 premium for property and liability insurance coverage for the year ending December 31, 2008. The firm purchases $28,000 of merchandise inventory on account on January 2 and pays $10,000 of this amount on January 25. On January 31 the cost of unsold merchandise is $15,000. During January the firm makes cash sales to customers totaling $20,000 and sales on account totaling $9,000. The firm collects $2,000 from these credit sales by the end of January. The firm pays other costs during January as follows: utilities, $400; salaries, $650; and taxes, $350. What are Thompson Hardware Store's revenues, expenses, and income for January, assuming (1) the accrual basis of accounting, and (2) the cash basis of accounting?
a stock is expected to pay a dividend of 1 at the end of the year. the required rate of return is rs 11 and the
Are the officers and directors responsible to shareholders and the stock market to use debt wisely? How can you relate this to risk and return topics?
Assume large-company stocks earned 11.4 percent over a period of years. Over that same period, the risk-free rate was 3.6 percent and the inflation rate was 3.2 percent. What was the risk premium on large- company stocks during this time period?
You will need 10 million Australian dollars in one year. Today, you purchase a one-year forward contract in Australian dollars. How many U.S. dollars will you need in one year to fulfill your forward contract?
The company plans to make five annual deposits of $30,000 at 9% each January 1 beginning in 2004. What will be the balance in the fund, within $10, on January 1, 2009 ( one year after the last deposit)? The following 9% Interest factors may be use..
develop a three- to four-page analysis excluding the title and reference pages on the projected return on investment
There is both Price and Non-Price competition in the marketplace. Choose a product (goods or services) which use Non-Price tactics to market their product.
Clearly and concisely describe what is meant by the time value of money and what the terms future value and present value represent. Explain.
imagine you are a representative of management at mcdonalds and you must make a capital budgeting decision.nbsp the
Find out the future value one year from now of $7,000 investment at a 3 percent annual compound interest rate. Also calculate the future value if the investment is made for two years.
what types of securities must be issued by a firm which is on the growing stage in order to meet the financial
cape may storages ending inventory was 484000 which was approximately the average inventory level for the year cost of
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