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Would you use the percentage of sales method or the percentage of accounts receivable method and why?
How much revenue should be reported for 2004? Show your computation.
Assume that Jacks uses the percentage-of-completion method for revenue recognition.
What is the firm’s quick ratio at December 31, 2007, expected to be?
What other potential source of financing are available to the company?
Prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2005, 2006, and 2007.
In 2007, The company began work on a contract it had received which provided for a contract price of $15,000,000.
Make the journal entry to record the revenue and gross profit for 2008.
What is the rate of gross profit on the installment sales made by Steele Corporation during 2008?
What entry (is) is necessary to adjust the accounting records for the change in accounting principle.
During 2011, Indiana incurred $32 million of costs and estimates an additional $87 million of costs to complete the project.
What are the implications of these scenarios for revenue? What assertions are likely misstated? What accounts are likely over or under stated?
Question: Should the sales forecast come solely from the sales/marketing groups? Why or why not?
Find Eagle’s required external funds if it maintains a dividend payout ratio of 70 percent and plans a growth rate of 15 percent in 2004.
a. What were the total sales for May and June? b. What are the expected cash collections for each month of the third quarter.
Question: How would you determine the difference between high sales and high demand?
a. Calculate regression equation b. Forecast sale for the year 2000 and 2001
The production facility of the firm can produce any number of widgets and slingers required.
(Testing Controls) Following is a list of controls typically implemented in the processing of sales transactions.
Use the Additional Funds Needed equation to determine Upton’s projected external capital requirements.
Determine for 2006 the total fixed costs and the total variable costs.
The average college student deposit in Home Town Bank is $300 regular customers have average deposits of $1,000 college students write an average of 100 checks
Required: What is the annual effective interest rate in the market when the bonds were issued?
Assuming that Phatty Phun Corporation has a target income of $50,000 for next year, which alternative is more attractive?
What was your profit and rate of return, if after one year, GAP paid $.25 per share in dividends