Sutton Inc.’s underlying economic reality is a perfectly stable business that began in Year 0 (see excel Drill 5 Accruals. xlsx). Every year, they generate $500,000 in sales, half of which are in cash, the other half are credit sales that are collected the following year. All other items of revenue and expense (including tax expense) are identical each year (see Years 1 and 2 in excel). However, you noticed that they accelerated some revenue into Year 3 (remember: they can't accelerate cash collection). Forecast Year 4’s: Earnings per share (rounded to the nearest penny) Return on assets (rounded to 2 decimal places. For example, enter .28176 as 28.18). (Guidance: it might be helpful to prepare the statement of cash flows and remember to adjust assets as necessary)

Amathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth. thus, if mexico's real gdp per person is growing at 7 percent per year, it will take about 10 years(=70/7) to double. apply the rule of 70 to solve the following problem. real gdp per person in mexico in 2005 was about $11,000 per person, while it was about $44,000 per person in the u.s. if real gdp per person in mexico grows at the rate of 5 percent per year: how long will it take mexico's real gdp per person to reach the level that the united states was at in 2005? (hint: how many times would mexico's 2005 real gdp per person have to double to reach the u.s.'s 2005 real gdp per person?

Witch is an example of a non durable good?

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?