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Question - Assume you manage an Art store with various unique paintings. You successfully sale an art piece that you have been trying to sale for $20,000, but your customer only agreed to the purchase because you offered a 50% now and 50% in 3 months. It is November and just a few days before Thanksgiving, and your customer assures you that you will receive 50% in three months and gives you an American Express Card for the 1st 50% payment. With this sale you will exceed your sales goals for the year, and you are definitely thankful for the sale.
Scenario One: Your Company operates using Cash Accounting.
Scenario Two: Your Company operates using Accrual Accounting.
Question: What will the impact be to Net income at the end of the current year for each scenario?
Investment in working capital needed to service the project is treated in the net present value method as:
If he can earn 7.5 percent on any investment that he makes, what is the future value of his investment cash flows at the end of three years
Beemer's sales are $400,000, variable costs are 75% of sales, and operating income is $50,000. What is the operating leverage
Biovail Corporation, a major Canadian pharmaceutical company listed on the New York Stock Exchange, announces that it will miss its quarterly earnings target by $25 to $45 million, blaming $10 to $15 million of the shortfall on a truck accident in..
a. what is the present value of 200000 to be paid at the end of 10 years assuming an 8 interest rate?b. what is the
Explain why setting up a budget is so important for this new start-up division - explain how you plan to gather budget information. Do you plan on including other department heads in the budget process? Why or why not?
Prepare the January 1 and December 31 general journal entries for XYZ Company - How much should the XYZ Company report on the balance sheet for the investment in Rayco at the end of 2014?
You will be asked to select a company that is publically traded. You must research and secure the SEC 10-K Annual Report for the most recent year
For this assignment, you should create a plan to hire an employee for a position within your organization to support a recent change. In this plan, you should include the following: If this should be a person-task fit or a person-organization fit
An individual taxpayer who is not a dealer in real estate plans to subdivide a parcel of land into four lots and sell them at a substantial gain
Compute the loom operator's compensation for the week. Calculate the employee's total overtime premium for the week
Explain the product and the production process. Describe how you would find out the quantity of spoiled units that are normal versus abnormal. Explain how you would determine the cost of good units, normal spoilage and abnormal spoilage.
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