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Question: In scenario B, we forecasted the financial statements under the assumption that GLC uses the trade discount of 2%. We added back a trade discount "profit" of $44,000 [(Forecasted purchases 2014 - Purchases first quarter 2014)*2%] to income before taxes leading us to a final net income of $53,000. Even though the net income in Scenario B is higher than the year before, the profitability decreases from 1.63% in 2013 to 1.39% in 2014 due to higher interest expenses from larger debt. We do not agree with Mr. Lumber's estimate of the company's loan requirements. We calculated the required loan Mr. Gilbert would need to finance his expansion plans. If Mr. Gilbert continues operations like the previous years without using the trade discount (Scenario A) he would need a loan of $474,000, which is slightly higher than the expected loan of $465,000. If he reduces his DPO and takes advantage of the trade discount (Scenario B) it would be necessary a loan of $712,000, which shows that besides the cost savings from the discount, this approach would require even more financing.
charles austin of the controllers office of thompson corporation was given the assignment of determining the basic and
If the market's price elasticity for this product is -2.6, should the product manager go ahead with the 25 percent price decrease? Justify your answer
These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of
FTC company has been growing at a rate of 20% per year in recent years. The same growth is expected to last for another 2 years. The current dividend (ie: just paid is 1.60 the required rate of return is 10% and the growth after 2 years is expecte..
shapiro inc was incorporated in 2010 to operate as a computer software service firm with an accounting fiscal year
Question - Determine the percent change in the price of an item that was selling for $240.00 last year, and is being sold for $216.00 this year
Luther Vandross is investing $12,961 at the end of each year in a fund that earns 10% interest. In how many years will the fund be at $100,000?
Which of the following methods will allow Freer to claim the greatest amount of depreciation in the first year
arlandria inc. has bought a new server and is having to decide what to do with the old one. the cost of the old server
Compute the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.
Prepare the long-term liabilities section of Isanti's December 31, 2019, balance sheet, including all disclosures applicable to each obligation
Adelphi Company expects to use the patent for 8 years after which time it will be worthless. How much is the annual amortization expense for 2019
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