Conceptually, how you would forecast the revenue for Turtle Beach Corp. The net revenue increased 93% to $287.4 (2019) million from $149.1 million (2018). You may have to walk through a DCF. Please consider how competition and their recent acquisition can affect their revenues.

Forecasting

A) Dexter Company reported the following 2018 income statement

Forecast Dexter’s income statement assuming a 5% increase in sales, a 17% effective tax rate, and a continuation of the 2018 percentage relation to net sales for expenses except for interest where the company projects no change.

B) Snap-On Corp 2018 financial statements include the following:

Forecast accounts receivable, inventory, and accounts payable for 2019 given that sales are expected to grow by 8% in 2019.

"Revenue Recognition"

The revised revenue recognition accounting standard employs a five-step process to achieve the core principle to recognize income upon the transfer of promised goods or services. Use the Internet or Strayer Library to research a company that bundles a product and a service. Examine income recognition of the bundled product and service for the company by addressing each step in the five-step process for revenue recognition. Give your opinion on the most critical step for accurately reporting revenue in the five-step process. Provide support for your response

1.The revenue recognition standard, Revenue from Contracts with Customers, states a specific approach should be used by companies to recognize revenue. The standard:

a.Requires an asset-liability approach because an asset or a liability may stem from the terms of the contract and measuring the change in the asset or liability over the life of the contract results in a disciplined approach to measuring and recognizing revenue.

b.Requires an earned-realized approach because the contract will result in revenue being earned and the collection of payment from the customer will result in the realization of the earned revenue.

c.Requires companies to recognize revenue by using a liability-equity approach because a contract results in a company’s promise to perform a service and the company reports that promise as a liability until the service is completed. Further, a company’s equity is increased because net income is closed to retained earnings.

d.Requires companies to recognize revenue by using an asset-equity approach because revenue typically results in an increase in assets through the collection of cash or recognition of accounts receivable and an increase in equity through the closing of net income to retained earnings.

2. Which type of transaction generally results in revenue being recognized with the passage of time?

3. Mars Corporation uses the percentage-of-completion method. At the end of the first year of a $9,000,000 contract, the following information is available:

In the first year, Mars should recognize gross profit of

4. Mars Corporation uses the completed-contract method. At the end of the first year of a $9,000,000 contract, the following information is available:

In the first year, Mars should recognize gross profit of

5. At the end of the first year of a $9,000,000 contract, Mars Corporation provides the following information:

In the first year, Mars should recognize gross profit (loss) of

Complete Table 1 by computing the Total Revenue, Marginal Revenue, Total Cost, and Profit columns, each rounded to two decimal places. The cost of duplicating a video on a DVD and mailing the DVD, the Marginal Cost, is $5.56. (1 point)

The President wants the GSTCG to provide videos to generate the most possible donations (Total Revenue). What price is the President of the GSTCG favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. (1 point)

c. The Education Outreach Committee wants the GSTCG to provide videos to the most possible number of people. What price is the Educational Outreach Committee favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. (1 point)

d. The Treasurer of the GSTCG wants the DVD program to be as efficient as possible so that the marginal revenue equals marginal cost. What price is the Treasurer favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. (1 point)

e. The Fundraising Committee wants the DVD program to generate as much profit in donations as possible. What price is the Fundraising Committee favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. (1 point)

Question 2: Preparation and Presentation of the Income Statement Flexible and Confused Limited has just employed you as the new finance director. The first task you have been assigned to complete is to prepare the income statement for the 12-month period ended March 31, 2018. On your desk on your first day, the previous finance director left valuable information to complete the task. 1. During the year Flexible and Confused Limited – a company that sells dishwashers – sold a total of 13,187,000 units at an average sales price of $41.25. 2. The old finance director also indicated that direct labour, direct material and applied overhead were equal to 20%, 12% and 25% of total sales revenue. 3. Following is a list of other expenses incurred by the company. Expense Account Total Incurred Advertising and Marketing Costs $5,512,000.00 Sales Entertainment $2,561,000.00 Selling Insurance $690,000.00 Office Repairs and Maintenance $1,590,000.00 Office Depreciation $14,457,000.00 Wages of General Operations Staff $12,801,000.00 Salaries Sales Staff $11,036,000.00 Administrative Travel Costs $1,260,000.00 4. On January 1, 2018, the company sold a piece of equipment held for investment and recognized a loss on the sale of $4,221,000. 5. The company also enjoyed revenue from other sources noted as: Other Income totalling $9,050,000 and Interest Revenue totalling $8,661,000. 6. On April 1, 2017, the company sold land that resulted in a loss of $4,891,000. 7. If the company reports a profit during the year, the effective corporate tax rate is 25%. If a loss is reported the effective tax rate is zero. 8. The company incurred finance interest charges during the accounting period of $22,890,000. 9. The company is involved in joint venture operations. As a result of goof financial conditions, the company recorded a net gain of $6,079,000 from its share of the joint venture operations. 10. From the operations of its associate firms, the company expects to record a net gain of $42,287,000 for the financial period ended March 31, 2019. Required: Using the information supplied, prepare an income statement for Flexible and Confused Limited for the accounting period that conforms with IFRS IAS 1 recommendation and course requirements. (Hint: Expenses should be classified by function (e.g., cost of goods sold) not nature.

explain and justify all your answer clearly with steps thanks

The following data is provided for the S&P 500 Index:

Refer to the information above. Calculate the 20-year arithmetic average annual rate of return on the S&P 500 Index.

Question 22 options:

Question 1 Sales for the Forever Young Cosmetics Company (in $ millions) are as follows:

(a) Develop a three-year moving average.

(b) Develop a four-year moving average.

(c) Develop a five-year moving average.

(d) Develop a seven-year rmoving average.

Sales for the Forever Young Cosmetics Company (in $ millions) are as follows:

(a) Develop a three-year moving average.

(b) Develop a four-year moving average.

(c) Develop a five-year moving average.

(d) Develop a seven-year rmoving average.

According to the WHO MONICA Project the mean blood pressure for people in China is 128 mmHg with a standard deviation of 23 mmHg (Kuulasmaa, Hense & Tolonen, 1998). Assume that blood pressure is normally distributed.

1. State the random variable.
2. Find the probability that a person in China has blood pressure of 135 mmHg or more.
3. Find the probability that a person in China has blood pressure of 141 mmHg or less.
4. Find the probability that a person in China has blood pressure between 120 and 125 mmHg.
5. Is it unusual for a person in China to have a blood pressure of 135 mmHg? Why or why not?
6. What blood pressure do 90% of all people in China have less than?