Break-even Analysis PROCEED: Financial Analysis for Salesoft Number of prospects = 20 (given) Expected number of final buyers = (1/4) of 20 = .25*20=5 No of users per final buyer = (200 + 600) / 2 = 400 Sales Revenue per user (400 users per buyer) = $ 2,400 (given) Sales Revenue (expected) = 2,400 * 400 * 5 = $ 4.8 million Development cost for remaining modules = $ 1 million (given) Profit = $ 3.8 million Trojan horse: Financial Analysis for Salesoft Expenses R&D cost = $ 200
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1. The unrealized profit in ending inventory before tax = 48000*0.35*0.6=10080 The unrealized profit in ending inventory after tax=48000*0.35*0.6*(1-0.4) =6048 2. The unrealized profit in ending inventory before tax=[40000/(1-0.3)]*0.3*0.3=5143 The unrealized profit in ending inventory after tax=[40000/(1-0.3)]*0.3*0.3*0.6=3086 3. Assume X is the cost of this merchandise Then x+0.4x=80000, x=57143 The unrealized profit in ending inventory before tax=57143*0.5*0.6=17143 The unrealized
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CHAPTER 8 Accounting for Receivables ASSIGNMENT CLASSIFICATION TABLE | | | | |Brief | | | |Learning | |Questions | |Exercises | |Do It! | |Objectives | | | |
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Case 13-1: Refer-a-Friend Program Runway Discount is an online retailer that sells discounted high-end fashion. The company decided to create the Refer-a-Friend Program where a current customer can refer a friend to the website. Once the new customer purchases merchandise, the existing customer will receive a $25 credit towards their next purchase. The $25 credit represents the fair value of the cost Runway would pay to earn a new customer from an unrelated third party or marketing firm. Runway
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Over the last 500 years, the double-entry system of accounting has provided the accounting profession with a reliable and accurate way of tracking the economic events of companies. However, with the implementation of computer-based accounting systems over the last few decades, event based accounting has gained popularity. The theory behind event based accounting is that each business transaction can be broken down into one, or a combination of three types of events: economic, business, and information
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Bonnie Smith HCMT 320-40: Health Finance & Economics Assignment 1-1 (Revenue, Expenses, and Cost Classification Due: August 6, 2015 1. List and describe contractual allowances and other deductions from revenue. How do they impact an organization's bottom line? Contractual allowances are the difference between the full-established rates an organization charges for the services it renders, and the agreed-upon contractual rate that has been negotiated between them and the payer of those
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Accrued Expense “Accrued expenses are expenses that have occurred but are not yet recorded through the normal processing of transactions. Since these expenses are not yet in the accountant's general ledger, they will not appear on the financial statements unless an adjusting entry is entered prior to the preparation of the financial statements.” (What are accrued expenses, n.d. pg.1) If an adjusting entry is made it should be journalized in the period in which it occurred and not the period which
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Accounting 110 Midterm Click Link Below To Buy: http://hwaid.com/shop/accounting-110-midterm/ • Question 1 Generally accepted accounting principles (GAAP) are the procedures and guidelines to be followed in the process of preparing financial statements. • Question 2 The Financial Accounting Standards Board (FASB) is a non-governmental agency that creates the GAAP rules for accounting. • Question 3 Stockholders own which type of business? • Question 4 If owner's
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Ch. 9: Standard Costing: A Functional-Based Control Approach Performance Reports - Budget to Actual Variances: Favorable Occurs When: Actual production is greater than budget. Actual revenue is greater than budget. Actual costs are less than budget. Unfavorable occurs for the opposite: Actual production is less than budget. Actual revenue is less than budget. Actual costs are greater than budget. Static vs. Flexible Budgeting: Static is for a designated level of activity. Flexible budgeting
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1. Question 1: * Proficient: * Describe the steps in recording and posting the effects of a business transaction and provide some examples of source documents used in these steps. Some examples of accounting source documents include: Bank statements, cash register tape, credit card receipts and supplier invoices. When recording and posting the effects of a business transaction the following steps apply: 1. Identifying and analyzing business transactions to determine the
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