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1. What are sales allowances? How do sales allowances differ from sales discounts?
2. What are trade discounts and quantity discounts? From an accounting viewpoint, how does the effect of trade and quantity discounts on selling (or invoice) price differ from the effect of sales discounts?
3. What documents must be present to trigger the recording of a sale (and associated receivable) in the accounting records?
Suppose a firm makes purchases of $3.6 million per year under terms of 2/10, net 30, and takes discounts.
toadies inc. has identified an investment project with the following cash flows. year cash flow 1 1575 2 1695 3
What is the expected value of each project's annual after tax cash flow? Justify your answers and identify any conflicts between the IRR and the NPV and explain why these conflicts may occur.
Assuming that the calculated growth rate is expected to continue, you can add the dividend yield to the expected growth rate to obtain the expected total rate of return. What is this stock's expected total rate of return? Round your answer to two ..
the demand forecast for the next four periods is 80 110 120 and 145 units respectively. the plant has a regular
allen corporation was organized on july 15 2012. it was authorized to issue 150000 shares of 25 par value common
andrew davis is the bookkeeper for cheyenne company. andrew has been trying to get the balance sheet of cheyenne
Kay owns XYZ Corporation stock with a basis of $20,000. She exchanges this for $24,000 of ABC stock and $8,000 of ABC securities as part of a tax-free reorganization. What is Kay's realized gain?
A(n) eight-year bond has a yield of 10% and a duration of 7.208 years. If the bond's yield changes by 50 basis points, what is the percentage change in the bond's price?
1. What is the proper balance between individual and organizational responsibility for employees' careers?
Whichever machine is purchased will be replaced at the end of its useful life. Which machine should Bruno's purchase and why?
Describe what would be reported on the asset side of a cash flow based balance sheet versus the asset side of an accrual accounting balance sheet.
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