Dunn Trading Stamp Company records stamp service revenue and provides for the cost of redemptions in the year the stamps are sold to licensees. Dunn's past experience indicates that only 75% of the stamps sold to licensees will be redeemed. Dunn's liability for stamp redemptions was $6,000,000 at December 31, Year 3. Additional information for Year 4 is as follows: Stamp service revenue from stamps sold to licensees $4,000,000 Cost of redemptions (stamps sold prior to 1/1/Year 4) $2,750,000 If all the stamps sold in Year 4 were presented for redemption in Year 5, the redemption cost would be: $2,250,000 Required: What amount should Dunn report as a liability for stamp redemptions at December 31, Year 4.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

Abus pass costs $5 per week. which of the following equations shows the total cost in dollars, t, of the bus pass for a certain number of weeks, w? t = 5w w = 5t t = 5 + w w = 5 + t