Assume the following data for Oshkosh Company before its year-end adjustments: Unadjusted Balances Debit Credit Sales $51,600,000 Cost of Merchandise Sold $31,750,000 Estimated Returns Inventory 28,100 Customer Refunds Payable 115,400 Estimated cost of merchandise that will be returned in the next year $400,000 Estimated percent of refunds for current year sales 1.2% Journalize the adjusting entries for the following: (a) Estimated customer refunds and allowances\.\* (b) Estimated customer returns\.\* Refer to the Chart of Accounts for exact wording of account titles\.\*
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Business, 21.06.2019 16:20, ghlin96
Kinkead inc. forecasts that its free cash flow in the coming year, i. e., at t = 1, will be −$10 million, but its fcf at t = 2 will be $20 million. after year 2, fcf is expected to grow at a constant rate of 4% forever. if the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
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Business, 21.06.2019 21:30, Brandonjr12
In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security
Answers: 2
Business, 22.06.2019 12:10, destinycasillas
Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2
Answers: 1
Assume the following data for Oshkosh Company before its year-end adjustments: Unadjusted Balances D...
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