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Question
Presented below are five different situations. Provide an answer to each of these questions.
1. The Kawaski Jeep dealership sells both new and used Jeeps. Some of the Jeeps are used for demonstration purposes; after 6 months, these Jeeps are then sold as used vehicles. Should Kawaski Jeep record these sales of used Jeeps as revenue or as a gain?
2. One of the main indicators of whether control has passed to the customer is whether revenue has been earned. Is this statement correct?
3. One of the five steps in determining whether revenue should be recognized is whether the sale has been realized. Do you agree?
4. One of the criteria that contracts must meet to apply the revenue standard is that collectibility of the sales price must be reasonably possible. Is this correct?
5. Many believe the distinction between revenue and gains is important in the financial statements. Given that both revenues and gains increase net income, why is the distinction important?
What will be the value of this balancing item?
Returns for the Dayton Company over the last 3 years are shown below. What's the standard deviation of the firm's returns?
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Evaluate the project using the IRR method and a MARR of 8.5%.
An investment project costs $10,000 and has annual cash flows of $2,990 for six years. What is the discounted payback period if the discount rate is zero percent? Discounted payback period years What is the discounted payback period if the discount r..
Explain the actions the financial industry can take to reduce the impact of FINTECH disruptions affecting the financial industry.
Loan Amortization Problem Type your full name in the following order First Middle Last Number of letters in full name = Now assume that your annual salary = number of letters in your full name x $45,000 and that the bank you want to borrow from, has ..
Use Excel to draw the security market line based on a market rate equivalent to the S&P 500 2014 return (google it) and a risk free rate equivalent to the current 10 year Treasury rate. Be sure to label your axis and cite your sources.
You are a broker and have been instructed to place an order for a client to purchase 100 shares of every IPO that comes to market. The next two IPOs are each priced at $30 a share and will begin trading on the same day. At the end of the first day of..
You have mutually exclusive projects and want to decide based on IRR If you require 14%, which one you need to choose with given information and why?
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next eight years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $15.25 per share 9 years..
Calculate the firm's weighted average cost of capital using the following data :
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