051M2.solutions

051M2.solutions - 051M2 solution Spring 2005 Midterm 2...

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051M2 solution 051M2.a 051M2.b 051M2.c 051M2.d Spring 2005 Midterm 2 Solution Franchisor Rev. Recognition Yr 1 Rev. 168,000 187,500 169,500 206,500 Yr 2 Rev. 102,667 76,500 93,333 94,500 Long-term Construction Projects Yr 2 Rev 2,073 1,927 1,780 1,813 Yr 2 Exp 1,600 1,600 1,600 1,600 Yr 2 CIP Balance 6,175 6,200 6,226 6,483 CA/CL CA 1,175 CA 1,200 CA 1,226 CA 1,483 Uncollectible Acct. Receivable Yr 2 AR (% of Sales) 750 730 740 730 Yr 3 AUA (% of Sales) 165 199 191 225 Yr 3 AUA (Aging) 140 125 125 210 Requirement A: Yr 1 Debit AP 70,000 AR 70,000 NA NA Requirement A: Yr 2 Debit Purch. 70,000 Sales 70,000 NA NA Requirement B: Yr 1 Debit NA AP 80,000 AR 60,000 AP 100,000 Requirement B: Yr 2 Debit NA Purch. 80,000 Sales 60,000 Purch. 100,000 Requirement C: Yr 1 Debit AR 80,000 NA AP 90,000 AR 110,000 Requirement C: Yr 2 Debit Sales 80,000 NA Purch. 90,000 Sales 110,000 Requirement A: Inv. Adj. NA NA NA NA Requirement B: Inv. Adj. NA NA NA NA Requirement C: Inv. Adj.
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This note was uploaded on 01/26/2009 for the course BUAD 250A taught by Professor 10:00-10:50 during the Fall '06 term at USC.

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051M2.solutions - 051M2 solution Spring 2005 Midterm 2...

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