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The accrual basis of accounting calls for expenses to be recorded in the period when they are incurred rather than when the cash is paid. The "Matching Principle" indicates that expenses be recorded in the period in which the related revenue is earned. This is why a hair salon owner records a debit to Pre-paid Rent (asset account) for $12,000 and a credit to Cash (another asset) when her landlord asks her to pre-pay an entire year's worth of rent at the beginning of the year. You learned in this chapter that the salon owner would then make an adjusting entry each month during the year to record a $1,000 credit to reduce Pre-paid Rent and a debit to Rent Expense. Describe what you think the impact or consequences might be on the Salon's monthly financial statements if the salon owner instead decided to record the entire $12,000 as Rent Expense in January in order to avoid having to make monthly adjusting entries. Would this pose any problems for the banker (at the bank where the salon borrows money) who reviews the salon's quarterly financial statements?
The risk free rate is 7%, the return in the market is 10%, and the beta is 1.30. What return must you receive to be satisfied that you are being fairly compensated for the risk of the firm?
Analyse the capital structure of I Icy. lot-Packard using both the debt ratio and interest-bearing debt ratio.
Ranyard's beta is 1.13, and the last dividend per share paid was $4.21. The market risk premium is estimated to be 7.56%, and the real rate of interest is 2.04%. The liquidity risk premium is 0.7%. Analysts expect the company to grow at a rate of 3.5..
Discuss the positive and negative implications of permitting choice in the preparation of accounting information
The Brownstone Corporation's bonds have 4 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 8%. What is the yield to maturity at a current market price of $827?
For a municipal bond paying 3.4 percent for a taxpayer in the 25 percent tax bracket, what is the equivalent taxable yield?
Explain the nature of groups and group behavior within organisations you identified and discuss factors that may promote or inhibit the development of effective teamwork in organisations you identified.
Banks everywhere are offering a rate of 5%. You have just won the $1,000,000 lottery and they are offering you four options to receive your winnings:
cost of capital equal to the expected return on the market which is 12%. project Used books 0.85 Beta 12% expected return. if the projects are mutually exclusive, which one would be accept.
Scott Investors, Inc. is considering the purchase of a $360,000 computer with an economic life of five years. The computer will be fully depreciated over five years using the straight-line method. The market value of the computer will be $60,000 in f..
calculate the NPV of each Well and recommend whether or not the company should undertake the investment and what is the value of the growth opportunities that the new line offers?
Explain this organisations benchmarking efforts (or lack thereof). If benchmarking is employed, identify how the currently used benchmarks align with or address international standards.
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