Consider the following “today’s dollar” cash flows.
|
C |
$(130.00) |
$(200.00) |
|||
|
Rev |
$ 350.00 |
$ 350.00 |
$350.00 |
||
|
Op. C |
$ (50.00) |
$ (50.00) |
$ (50.00) |
||
|
Year |
0 |
1 |
2 |
3 |
4 |
In: Accounting
Please go to the library link and locate an article by Douglas R. Carmichael titled "Hocus-Pocus Accounting." Please read the article and then identify and discuss the issues related to revenue recognition. In your responses, give thought to what you have read in your e-book, lesson, and Becker material. Also, what types of tests would the auditor design to uncover some of these issues?
In: Accounting
derive the regression line,y’= a+bX for the data below.After you have calculated the regression equation,explain to me how you could use it.
X(Independent Variable) Y(Dependent variable)
Month Advertising Expenditure (in Millions of $) Sales Revenue (in Millions of $)
July 1 3
August 2 7
September 3 5
October 4 11
November 5 14
In: Statistics and Probability
DustyBins (DB) owns 19% of Markolin (M). DB is a major customer of M. DB has 6 members on M's board with another 14 from other organizations.
By the end of the year, M incurred a loss of 370300 and paid dividends of 126500. DB has recorded a dividend revenue of 9775.
Under ASPE, is this the correct recording for the cost model or equity model? If not, how should it be done?
In: Accounting
On January 1, 2018, you deposited $5,200 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 7 years? 2. What is the total interest for the 7 years? 3. How much interest revenue did the fund earn in 2018 and in 2019?
In: Accounting
Write a short essay on the composition of both Federal Revenues and Federal Spending. As part of your answer make sure that you discuss the Federal government's key sources of revenue and also the key components of both mandatory and discretionary expenditures. In this context make sure that you also discuss to what extent the government is able to alter its revenues and expenditures in any given fiscal year.
In: Economics
A cement manufacturer has supplied the following data:
| Tons of cement produced and sold | 275,000 | |
| Sales revenue | $ | 979,000 |
| Variable manufacturing expense | $ | 232,000 |
| Fixed manufacturing expense | $ | 313,000 |
| Variable selling and administrative expense | $ | 110,650 |
| Fixed selling and administrative expense | $ | 93,000 |
| Net operating income | $ | 230,350 |
The company's contribution margin ratio is closest to:
Multiple Choice
44.3%
65.0%
68.0%
23.5%
In: Accounting
Presented below is information for Sheridan Company for the
month of January 2017.
| Cost of goods sold | $204,300 | Rent expense | $32,300 | |||
| Freight-out | 6,100 | Sales discounts | 8,900 | |||
| Insurance expense | 13,800 | Sales returns and allowances | 17,500 | |||
| Salaries and wages expense | 62,000 | Sales revenue | 397,500 | |||
| Income tax expense | 5,500 | Other comprehensive income (net of $400 tax) | 2,000 |
In: Accounting
1. The ultimate purpose of indifference curve analysis is to illustrate that:
2. The price of a bus ride decrease, but the total revenue of the bus company does not change. This means the demand for the bus rides must be approximately
3. If, when the price of a product rises from $1.50 to $2, the quantity demanded of the product decreases from 1,000 to 900, the price elasticity of demand coefficient, using the midpoint formula, is
In: Economics
8.
a. What are the three types of firms? b. Explain the advantage and disadvantage of each type of firm.
c. Which type of firm produces the most revenue?
9.
a. What are implicit costs?
b. Do implicit cost contribute to the opportunity cost of production? Explain
c. Should an implicit cost be counted as cost in determining profit? Explain
d. Give two examples of implicit costs
In: Economics