Rotelco is one of the largest digital wireless service providers in the United States. In a recent year, it had approximately 100 direct subscribers (accounts) that generated revenue of $28,400. Costs and expenses for the year were as follows: Cost of revenue $13,900 Selling, general, and administrative expenses 9,400 Depreciation 3,100 Assume that 75% of the cost of revenue and 20% of the selling, general, and administrative expenses are variable to the number of direct subscribers (accounts). a. What is Rotelco's break-even number of accounts, using the data and assumptions above? Round to the nearest whole number. accounts b. How much revenue per account would be sufficient for Rotelco to break even if the number of accounts remained constant? Round to the nearest dollar. $ per account

Table 1

Company A collected layaway payments from customers and reported revenue as the customers made each payment (as cash was received). Company B recorded no revenue until the full purchase price had been paid and the customer took possession of the merchandise. Assume both companies had $50,000 owed by customers for layaways, which was payable in equal monthly payments over a 8 month period from September of Year 1 through April of Year 2 at a total of $6,250 per month.

Determine the amount that will be reported for each of the financial statement items listed below under the two layaway revenue recognition policies for Year 1 and Year 2:

a) Revenue

b) Cash flow from operations

c) Total liabilities

Your company is considering the purchase of a new production system with an installed cost of $1,250,000. The cost will be depreciated on a straight-line basis to zero over the five-year life of the project, and the system can be sold at the end of the project for $225,000. It will provide additional revenue of $685,000 in the first year, and the additional revenue is expected to grow 5% per year thereafter. The associated cost of goods sold is estimated to be 30% of revenue, and other operating expenses are estimated to be 23% of revenue. The project will also require an initial working capital investment of $180,000, which will be recovered at the end of the project. If the tax rate is 21% and the required rate of return is 10%, what is the NPV of this project?

Please use excel, this is how I need to answer it and it's confusing to me

Ralph’s Bookstores have indicated that the annual gross revenue for their stores has a standard deviation of σ=$50,000.   You have sampled the annual gross revenue of 64 of Ralph’s Bookstores and found that the sample mean annual gross revenue is $270,000,   Conduct a hypothesis test to show that the population mean annual gross revenue is greater than $250,000. Test at a level of significance of 0.05.

State the hypotheses for the test by filling in the blanks. Do not give commas or units as part of your answers. Do not use symbols; rather, use the words of "less than," "greater than" or "not equals" as determined is appropriate for the problem.

H₀ : μ = _____________(blank #1) vs. H_a : μ ____________(blank #2) 250000

1) If there is a completeness problem with cash receipts, are accounts receivable overstated or understated? Explain

2) How might the risk of material misstatement in the revenue process differ for a manufacturer of oil and gas field machinery equipment and a retail?

grocer?

3) Identify one or two financial ratios that you believe would be useful in identifying revenue recognition problems. Explain your reasoning.?

4)Explain a sound control over revenue recognition in the process of making credit sales for a manufacturing company.?

5) Identify a risk of fraudulent financial reporting in the revenue process. Describe a sound internal control that would detect and correct the misstatement on a timely basis.?

6) Explain an effective substantive test related to the cutoff of sales at year-end.?

What is the management fee (1) on a per available room basis and (2) as a percentage of total revenue for a 255-room hotel located in California that had an occupancy level of 62%, ADR of $84.53, a room revenue to total revenue % of 56.4%, and a gross operating profit % of 24.8%? The management fee agreement stipulated that the company would receive 3% of gross revenue, and 10% of gross operating profit.

1. lease use the information from Question 10 to calculate the Total mgmt fee.

               Total mgmt fee (round to whole number) $ ___

2. Please use the information from Question 10 to calculate the Mgmt fee on PAR basis.

            Mgmt fee on PAR basis (round to two decimal places) $ ___ PAR/yea