Reference no: EM131527370
Question: 1. At the end of the current year, $11,310 of fees have been earned but have not been billed to clients.
a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.
b. If the cash basis rather than the accrual basis had been used, would an adjustment have been necessary? Explain.
2. Barnes & Noble Inc. reported Property, Plant, and Equipment of $1,677,836,000 and Accumulated Depreciation of $991,187,000 at January 31, 2004.
a. What was the book value of the fixed assets at January 31, 2004?
b. Would the book values of Barnes & Noble's fixed assets normally approximate their fair market values?
|
Calculate the asset beta for your firm
: Calculate the asset beta for your firm. What is the value of Division 1? What is the value of Division 2?
|
|
Explain tax consequences for pooling of assets
: Explain tax consequences for following term: Pooling of Assets, Low - value pool assets, Software development pool, Small business concessions.
|
|
Construct your own individual market schedule
: Construct your own individual market schedule. List five prices and the quantity you would supply at each price
|
|
Display the results of simulation run
: Display the results of your simulation run from part a in the various forms that you think would be helpful to management in analyzing this issue.
|
|
What is the adjustment to record the accrued fees
: At the end of the current year, $11,310 of fees have been earned but have not been billed to clients.
|
|
Regarding the effectiveness of online learning
: Which of the following is not true regarding the effectiveness of online learning?
|
|
What are the adjustments to adjust the unearned fees account
: The balance in the unearned fees account, before adjustment at the end of the year, is $67,250. Of these fees, $18,000 have been earned.
|
|
Conduct inductive and deductive research
: The purpose of this two-step exercise is for you to conduct inductive and deductive research using qualitative methods.
|
|
What was the amount of the adjustment for unearned revenue
: Time Warner Inc. reported short-term deferred revenue of $1,497 million and $1,731 million as of December 31, 2004 and 2003, respectively.
|