Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Dealer Dave Inc. (DDI) assists its clients in obtaining new and used vehicles with desired features at the lowest possible price or with good financing terms. Clients fill out a standard form at DDI that lists their preferred type of vehicle and desired features. DDI then researches the client preferences at various new and used car dealerships and presents the best deals to the client. If the client decides to accept a deal, DDI will sign the purchase contract with the client and accept payment or arrange financing on behalf of the dealership. DDI will also arrange delivery of the vehicle to the client. All warranty and any issues after delivery are solely the responsibility of the dealership. DDI charges the client a flat fee of $300. No fees are charged to the dealerships.
Required -
a) Provide two factors that suggest DDI is acting as an agent.
b) Provide one factor that suggests DDI is acting as a principal.
c) Conclude whether DDI is acting as a principal or an agent, and discuss how DDI should record revenue if a client accepts a deal.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd