1. Define the difference periodic and perpetual inventory systems
2. Transaction about returning merchandise
3. Revenue account that is being impacted that is being effected
4. Transaction and have to select the accounts that are impacted by it
5. Perpetual inventory

We record sale revenue and cost of good sold during the time of the sale

6. Periodic inventory

We do not record the cost of good sold because we wont know that until we do inventory at the end of the year

7. Sales return and how do you handle it on a financial statement
8. Transaction about making a cash discount
9. Definition of post profit
10. Calculation of gross profit (steps)

Answer as many as you can please

what is the difference between value of marginal product and marginal revenue product? under what conditions are they the same? under what market conditions are these who not the same in value?

Your company, Dominant Retailer, Inc., is considering a project whose data are shown below. Revenue and cash operating expenses are expected to be constant over the project's 5 year expected operating life; annual sales revenue is $99,000.00 and cash operating expenses are $49,750.00. The new equipment's cost and depreciable basis is $155,000.00 and it will be depreciated by MACRS as 5 year property. The new equipment replaces older equipment that is fully depreciated but can be sold for $7,000. In addition, the new equipment requires an additional $5,000 of net operating working capital, which can be fully recovered at the end of the project. The new equipment is expected to be sold for $10,750 at the end of the project in year 5. The marginal tax rate is 20.00%.  

what is the NPV of the Project if Dominant Retailer’s WACC is 16.75%?

Your company, Dominant Retailer, Inc., is considering a project whose data are shown below. Revenue and cash operating expenses are expected to be constant over the project's 5 year expected operating life; annual sales revenue is $99,000.00 and cash operating expenses are $49,750.00. The new equipment's cost and depreciable basis is $155,000.00 and it will be depreciated by MACRS as 5 year property. The new equipment replaces older equipment that is fully depreciated but can be sold for $7,000. In addition, the new equipment requires an additional $5,000 of net operating working capital, which can be fully recovered at the end of the project. The new equipment is expected to be sold for $10,750 at the end of the project in year 5. The marginal tax rate is 20.00%. , what is the Terminal Year Non–Operating Cash Flow at the end of Year 5? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

The Internal Revenue Code (IRS) uses the Modified Cost Recovery System (MACRS) to compute depreciation for tax purposes. Depreciation under MACRS is similar to that computed under the double-declining-balance method.

Initial Post

• Begin by reading the prompt
• Answer the following questions:
  1. How might the MACRS system be beneficial for tax purposes for individuals and/or businesses?
  2. Why would businesses utilize straight-line depreciation for their financial statements and MACRS for their tax accounting?

Orion Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $23 Variable costs per unit: Direct material $4 Direct manufacturing labor $1.70 Manufacturing overhead $0.40 Selling costs $2 Annual fixed costs $100,000 The company sells 12,000 units at the end of the year. If direct labor and direct material costs increase by $1 each, contribution margin ________.

Question 4 options:

Supplies, unearned revenue, and the financial statements model
Hart, Attorney at Law, experienced the following transactions in 2016, the first year of operations:
1. Accepted $36,000 on April 1, 2016, as a retainer for services to be performed evenly over the next 12 months.
2. Performed legal services for cash of $54,000.
3. Purchased $2,800 of office supplies on account.
4. Paid $2,400 of the amount due on accounts payable.
5. Paid cash dividend to the stockholders of $5,000.
6. Paid cash for operating expenses of $31,000.
7. Determined that at the end of the accounting period $200 of office supplies remained on hand.
8. On December 31, 2016, recognized the revenue that had been earned for services performed in accordance with Transaction 1.
Required
Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Use NA to indicate accounts not affected by the event.

The following information relates to Lindisfarne Travel Pty Ltd as at 30 June 2020: Unearned Revenue 3,200 Accumulated Depreciation - Furniture & Fittings 76,500 Travel Expense 182,000 Salary Payable 500 Cash at Bank 45,500 Loan (paid in two years) 35,000 Sales Revenue 1,272,000 Prepaid Rent 8,000 Accounts Payable 26,500 Accounts Receivable 79,500 Furniture & Fittings 176,500 Capital ??? Depreciation Expense- Furniture & Fittings 24,500 Required: Prepare a classified Narrative Balance Sheet. Marks will be deducted for including items that do not belong. You will need to calculate the Capital amount.

AnimalChin! is a well-established company. Because of its market share and a fairly stable revenue stream, 5 years ago they successfully issued 20-year maturity 5% bonds, paying semiannually. Today, these bonds are selling for 93% of their face value. The total face value of these bonds is $5 billion. The company also issued 6% convertible bonds, paying semiannually, trading at 107% of their face value, maturing in 5 years. The total face value of these bonds is $3.5 billion. Finally, they just received a $3 billion term loan from a bank, the bank is currently charging a 4% interest on the loan. AnimalChin is publicly-traded. Today, its common stock trades for $40 per share. There are .2 billion shares outstanding. Its preferred stock is trading at $20 and just paid a dividend of $2. There are .1 billion preferred shares outstanding. The five financial analysts currently covering the company expect AnimalChin to grow at a similar pace as the whole skateboarding sector: about 2%. The last dividend paid on common stock was $3 per share. The company’s most recent estimated beta is 0.76. The risk-free rate is 3% and the expected market risk premium 6%. For the Veloce project the company’s CFO has decided to apply an adjustment factor of 1.8% to the compa-ny’s WACC to account for additional risk.

1. Calculate Animal Chin’s cost of all debt and the after-tax cost of debt.

2. Calculate Animal Chin’s average cost of equity.

3.Calculate Animal Chin’s cost of preferred.

4. Calculate the market value of debt, equity, preferred, and the company’s total market value.

5.Calculate the WACC.

6. Use the appropriate discount rate (subjective approach) and calculate the project NPV, IRR, and payback period (this is based on your CFFAs from Part 1

**These are CFFA's from part 1 of project

7. Elephant Skateboards just approached your company and is willing to pay $250,000,000.00 today to have the right to produce and sell The Veloce as its own. Should Animal Chin! accept the offer? Explain why in light of your capital budgeting findings.