What is the companys revenue recognition policy

Assignment Help Financial Management

Reference no: EM132027553

Hinding Financial Information LO 3-2, 3-4, 3-6 Refer to the financial statements of Urban outfitters in Appendix Cat the end of the book.

Required:

1. What is the company's revenue recognition policy? (Hint: Look in the notes to the financial statements.)

2. Assuming that $50 million of cost of sales was due to noninventory purchase expenses (distribution and occupancy costs), how much inventory did the company buy during the year?

(Hint: Use a T-account of inventory to infer how much was purchased.) INVENTORY (in thousands) inventory purchased during the year

Reference no: EM132027553

Questions Cloud

How much are you willing to pay for this stock today : The stock just paid a dividend of $0.8. How much are you willing to pay for this stock today if you expect the dividends to grow at a constant annual rate of 2%

Determine the most reasonable price for this bond : The current financial situation of the company, however, is considered quite risky. So, you want to have 15% return on your investment.

How much value will be created or destroyed : If you are required to earn 10% rate of return on this purchase, will you create value or destroy value by buying this warehouse for $800,000 today?

What do you think of the advantage a large firm : What do you think of the advantage a large firm (for example Wal-Mart) has over a small firm in terms of both working capital management .

What is the companys revenue recognition policy : How much inventory did the company buy during the year?What is the companys revenue recognition policy?

Should elon musk invest in the project : If the required rate of return is 10% in the Mexican currency, should Elon Musk invest in the project?

Determine what is their yield to maturity : The price of the bonds is $1,153. The bonds are callable in 6 years at a call price of $1150. What is their yield to maturity?

How has portfolio theory failed during this time period : Provide examples where markets have not performed properly. Emphasize anomalies that may have been encountered.

Calculate thelma and louies net income for the year : Thelma and Louie, Inc., started the year with a balance of retained earnings of $552 million and ended the year with retained earnings of $604 million.

User Account

All Pages