Sou SOLUTIONS TO EXERCISES EXERCISE 18-1 (15-20 minutes) (a) Huish could recognize revenue at the point of sale based upon the time of shipment because the books are sold f.o.b. shipping point. Because of the return policy one might argue in favor of the cash collection basis. Because the returns can be estimated‚ one could argue for shipping point less estimated returns. (b) Based on the available information and lack of any information indicating that any of the criteria in FASB Statement
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121‚920 cr Accumulated OCI‚ Jan. 1‚ 2012 -0- Balance‚ Dec. 31‚ 2012 103‚000 dr 135‚720 cr 759‚200 cr 623‚480 dr E20-7 Continued Pension Expense 83‚920 OCI (PSC) 103‚000 Cash 65‚000 Pension Asset/Liability 121‚920 E20-10 Webb Corp. Memo Record Items Annual Pension Expense Cash OCI—Prior Service Cost OCI--- Gain/Loss Pension Asset/Liability Projected Benefit Obligation Plan Assets Balance‚ Jan. 1‚ 2012 120‚000 cr 600‚000
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( Answers to Mini-Case Questions BioCom Inc. This mini-case provides a review of the methodology and rationale associated with the various capital budgeting evaluation methods such as payback period‚ discounted payback period‚ NPV‚ IRR‚ MIRR‚ and PI. 1. Compute the payback period for each project. |Time of Cash Flow |Nano Test Tubes |Microsurgery Kit | |Investment |−$11‚000.00 |−$11‚000.00
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Case: Car Financing in China 1. Suggest reasons for a company to enter the Chinese market for auto financing. • Statistically proven‚ the Chinese market has exploded in the past couple days. • It may be inferred that since Chinese market is used to deal with other huge companies that they also will be knowledgeable/experienced of how to get the auto financing running. • It would be easy to integrate because they already have numerous network partners to leverage‚ such as Isuzu‚ Suzuki
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exercise price. In this case‚ option B’s premium price is lower. The trade off is between a lower exercise price‚ higher premium price‚ option A‚ that better hedges against the yen if it were to appreciate in value (exercising the option) and a higher exercise price‚ lower priced premium that reduces cost if the hedge does not appreciate in value (the option is not exercised). 2.Should Blades allow its yen position to be unhedged? Describe the tradeoff. The case stated that “the futures
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"When I came to this country‚ I had no luggage. Today what have I got?" His daughter replies. "You got a chip shop dad." And this is exactly how East Of East stereotypes its leading characters and then slowly twists them on their head. Its opening scene depicts a family of diversity and broken down stereotypes. A Christian parade is filing along the streets of Salford‚ Manchester and the Khan children join the throng of participants to the pride of their mother‚ but upon hearing their father is observing
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Q: Introduction: Larissa has been talking with the company’s directors about the future of East Coast Yachts. To this point‚ the company has used outside suppliers for various key components of the company’s yachts‚ including engines. Larissa has decided that East Coast Yachts should consider the purchase of an engine manufacturer to allow East Coast Yachts to better integrate its supply chain and get more control over engine features. After investigating several possible companies‚ Larissa feels
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Solution A homogeneous mixture of two or more substances with each substance retaining its own chemical identity. Solute – substance being dissolved. Solvent – liquid water. General Properties of a Solution 1. Contains 2 or more components. 2. Has variable composition. 3. Properties change as the ratio of solute to solvent is changed. 4. Dissolved solutes are present as individual particles. 5. Solutes remain uniformly distributed and will not settle out with time. 6. Solute
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Executive Review Porsche is a company that prides itself in quality and customer satisfaction. Because of this customers are always considered to be first priority for the company. The only issue with this business method is that the shareholders do not feel valued. Porsche operates more like a family-owned firm instead of focusing mainly on shareholder value. While operating like a family-owned firm may be admired by some‚ it also has a downside. The company has been somewhat infamous for occasional
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The Limestone Coast region is located in the south-eastern part of South Australia‚ midway between Melbourne and Adelaide. There are seven local councils in the region including; City of Mount Gambier‚ District Council of Grant‚ Naracoorte Lucindale Council‚ District of Robe‚ District Council of Kingston and Tatiara District Council. In 2011‚ the population of the Limestone Coast region was 63‚075‚ with 70.9% of the population residing in the lower portion of the region‚ 40% in the City of Mount
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