Accounting Questions and Answers October 07, 2019

On 11/30/15 Cougar Corp. exchanged an old truck for a piece of equipment and cash.The truck was purchased on 11/1/10 for $20,000 and was depreciated using the straight-line depreciation method based on the following assumptions: a) residual value of $5,600, b) the useful life of 6 years. As compensation for the truck, Cougar Corp received a piece

The threephase power and lineline ratings of the electric power system shown in Figure 1 are given in the table below. BE Figure 1 Oneline diagram for question 1 (a) Draw an impedance diagram showing all impedances in per unit on a 100MVA base. Choose 20 kV as the voltage base for generator. (b) Determine the actual value of the current supplied

Discuss recommendations you would make to chief financial officers (CFOs) of retailers, service providers, and other businesses that lease several locations or have substantial leases of real estate or other assets. Indicate the pros and cons of each approach.

Discuss the issues the lease agreement raises from an ethical and financial reporting point of view.

During Year 1, Long Beach Corporation completed the treasury stock transactions described below: Jan. 2 Reacquired 1,000 shares at $10 per share Feb. 2 Sold 400 shares at $12 per share Prepare the appropriate journal entry to record the sale of the treasury stock on February 2. (If no entry is required for a transaction/event, select "No journal

For each of the bonds listed below, record the three requested journal entries. 1. The Dorchester Company invested $100,000 of face amount of 5-year bonds. The bonds were purchased at 103 and bear interest at a stated rate of 8% per annum, payable semiannually. (a) Prepare the journal entry to record the initial investment. (b) Prepare the journal

For each of the following, determine the expected cash flows. (Round answers to 0 decimal places, e.g. 5,845. Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Expected Cash Flow Cash Flow Probability Estimate Assessment (a) 5,160 30 6,340 50 7,590 20 Total Expected Value (b) 5,550 20 7,480 50 8,480 30 Total Expected Value (c) (1,210) 10 3,340 70 5,210 20 Total Expected Value 24 24 24

From the standpoint of environmental impact, do you think its more important for GE to reduce its carbon footprint or to develop products that fit their Ecomagination strategy of being energy efficient?

Greystoke, Inc. acquires the assets of Blackstone, Ltd. for its voting convertible preferred stock and assumes liabilities of $60,000. The assets have a basis of $250,000 and a value of $380,000. One of the shareholders in Blackstone trades her old shares with a basis of $3,000 for stock in Greystoke worth $3,200. (a.) What kind of reorganization

Hi team, I am looking for Financial accounting and report solutions (14th edition). Where can I find them ? Many thanks

Organic Growers Provide organic oranges for restaurants in the local area. The income for last year follows (based on sales of 40,000 cases): Revenue" $400,000, Costs: Wages for pickers and packers $200,000, Packing materials $40,000, Lease of land and growing costs $50,000, Admin and selling $95,000, Inspection wages $10,000, Pretax income

Nightingale Co issued common stock in exchange for both $20,000,000 cash and a building with a market value of $14,000,000. In the same year, it received $12,000,000 from the issuance of bonds, paid dividends of $2,000,000, and it invested $2,000,000 in another companys bonds. What is the company's net change in cash from financing activities?

Owl Corp. had a net loss of $500,000. During the same year it had depreciation and amortization expense of $200,000, accounts receivable increased $50,000, inventory decreased $70,000 and accounts payable increased $40,000. It bought investments for $150,000 and issued common stock for $650,000. What is the companys total net change in cash for

Miller Companys total sales are $340,000. The companys total direct labor cost is $25,000, which represents 20% of its total current manufacturing costs and is 50% of its total direct materials cost. Beginning work in process inventory was $20,000 and ending work in process inventory was $50,000. Calculate the Cost of Goods Manufactured for Miller

On January 1, 2019, a company reported assets of $1900000 and liabilities of $600000. During 2019, assets decreased by $100,000 and Stockholder's Equity decreased $200,000. What is the amount of liabilities at December 31, 2019? Enter your answer to the nearest whole number.

On January 1, 2024, Ciely Corporation bought a 3-D printer for $87,000. Ciely plans to use the printer for 4 years or to print 1,000 objects, and estimates that it will be worth $8,000 at the end of its useful life. Ciely paid $2,500 to have the printer installed. Required: Calculate the annual depreciation expense and book value at the end of

The expenditure behaviour of a typical student in 2005 and 2010 is summarized in the tables below. Product DVD Pizza Pen Assuming the base year is 2005, the CPI for the year 2010 is Expenditure Behaviour in 2005 Price 28 per DVD 15 per pizza 2 per pen Expenditure Behaviour in 2010 Price 13 per DVD Product DVD Pizza Pen (Round your response to one

The table below shows some actual data concerning exchange rates and the prices of SuperDuper Burgers in the summer of 2020 Actual Exchange Rate Location Toronto Switzerland Singapore Hong Kong SuperDuper Burgers 5.3 6.3 4.5 15.35 Switzerland Singapore Hong kong Swiss francs. Singapore. Hong kong Canadian dollars Swiss francs Singapore dollars

With the following data for a 60 capacity, prepare a budget for production at 80 and 100 activity. Production at 60 activity 600 units materials Rs. 100 per unit (100 variable) Materials Rs. 40 per unit (100 variable) Labours Rs. 40 per unit (100 variable) Direct Expenses Rs. 10 per unit (Rs. 6 per unit fixed) Factory expenses Rs. 40,000 (40

The Fortune Company reported the following income for Year 2: Sales $143,000 Cost of goods sold 86,500 Gross margin $56,500 Selling and administrative expense 28,000 Operating income $28,500 Interest expense 6,300 Income before taxes $22,200 Income tax expense 6,660 Net income $15,540 What is the company's number of times interest is earned ratio?

Beauty Inc., manufactures nail polish. Each nail polish is sold at RM2.50. The variable costs per unit and total fixed costs are as follows Variable Costs Acrylic basis Colouring Other materials Bottle for packaging Sales commission Total Fixed Costs (Annual) Manufacturing overhead Selling and administrative Last year, Beauty Inc. sold 25,000

On December 31 the bank statement of Johns company reports a balance of 98.654, whereas the cash ledger account of the company shows a balance of 94.247 The company provides you with the following information The bank statement shows bank service fees of 80 charged directly on the companys account. Also, some clients paid their invoices for 7.865

Aji Fatou owns a rental space in New York and is thinking of opening a restaurant in that space. The total cost of operating the restaurant is C(Q) 20Q, where Q is the number of customers at the restaurant in a day. The market demand for restaurants is Q 100 p. Aji Fatou has the option of leasing out this space instead of opening a restaurant.

How do I find the weighted average or do I just use the common shares outstanding without the average?

BUHARHASSAN 2835 8 9 10 11 Cash Marketable Securities 13 Accounts Receivable (net) Inventories 14 12 15 16 20 17 Property, Plant, Equipment 18. Investments 21 22 19 LongTerm Receivables Goodwill and Patents 23 24 25 26 (000s omitted) 28 31 Prepaid Expenses Total Current Assets 33 34 ........... Other Assets Total Assets 27 Accounts Payable

Below are the statements of financial position of H Ltd and S Ltd as at 31 December 2010 H Ltd S Ltd Noncurrent assets 000 5000 Property, plant and equipment 100 140 Investments in S at cost 180 280 140 Current assets Inventory Trade receivables Cash Total assets Equity and liabilities Equity Share capital Share premium Retained earnings

Sophia is a single mom with a 17 year old daughter claimed as a dependent on her tax return. For 2021, Sophia's AGI was $35000, and her tax liability was $1,663. She has no other nonrefundable credits. What is the amount of her child tax credit/credit for other dependents in tax year 2021?

Suppose the government wants to reduce carbon emissions and therefore increases the tax on gasoline. (Lets assume that there is no tax on gasoline at first, then there is a tax of t lira per liter). However, lets assume that because government does not want consumers purchasing power to decrease, at the end of each month, the government make tax

Knoell Company paid its sales employees 15,000 in sales commissions. What impact will this transaction have on the firms working capital A B C D No impact Decrease it Increase it Not enough information is provided to answer the question.

Aria and Logan Johnson have 2 children: Sara, age two, and Mia, age four. Logan is an engineer and Aria is a homemaker. The Johnsons paid $8,800 for Sara and Mia to attend day care during the year. Logan received dependent care benefits from his employer of $2,000. Their AGI was $65,000 and their tax liability was $4,393 for 2021. How much of

Panda Company has a customer that signs a noninterest-bearing note, promising to pay the company $119,101 in three years. The payment amount is based on an annual interest rate of 6%, which the company believes is appropriate, resulting in the present value of the note of $119,101 0.83962 = $100,000. The present value of an annuity due is

Quokka recently won the lottery and has the opportunity to receive $200,000 per year at the end of the year for the next 20 years. Assuming an annual interest rate of 5% is appropriate, the future value is 2.65330 $200,000 = $530,660, the present value of an ordinary annuity is 12.46221 $200,000 = $2,492,442, and the present value of an annuity

1. The sketch below represents a schematic diagram of the layers of the Earth. Identify labels A, B, C and D. B (1) (ii) Briefly describe label C. (iii) State what the main layers of the Earth A, B, C D are made up of. (iv) Describe in your own words how the Earths layers were formed.

1. Imagine the following scenario You are working on the Sunday crossword puzzle with a friend when suddenly you come upon the following clue 9 Across anesthesiologists first number Looking at the puzzle that you have partially completed, you can see that the clue is five letters long. Right now, it is filled in as the following hr. You are

4. Identify the parts of the trumpet creeper flower shown at the right. A. B. C. D. E. E D C (0.84x) (1x) And M,5. Examine the photo of the Trillium flower pictured at the right. (a) Is Trillium a monocotyledon or dicotyledon (b) Justify your answer. 6. Based on your observation of the stigma of the daylily flower in the photo at the right, how

ANALYSIS 1. How many decimeters are there in a meter 2. How many centimeters are there in a meter 3. How many millimeters are there in a meter 4. How many grams are there in a kilogram 5. How many milligrams are there in a kilogram Hint You may find it helpful to first consider how many milligrams are in a gram and then how many grams are in a

Suppose you run the administration of a Hospital, and you are informed that according to an audit carried out, the information, confidentiality and decisionmaking rights of patients are being violated. Prepare 3 plans to protect the rights of patients in those areas that have been reported to you.

Yak Company reports the following information related to its ending inventory: goods out on consignment, $100,000; goods from another company held for consignment, $150,000; goods purchased and in transit (FOB) shipping point, $30,000; goods purchased and in transit (FOB) destination, $40,000; goods sold and in transit (FOB) shipping point,

Q1 Analysis of a large amount of data to find information such as hidden patterns is not as big data analytics, explain the government effort in the public sector to use big data analytics. Q2 Big data analytics is the action of spotting pattern direction trends and core relations in huge quantities of unprocessed data in order to spot datadriven

2. The Talmud, an ancient book of Jewish civil and religious laws, states that, if a woman bears two sons who die of bleeding after circumcision (removal of the foreskin from the penis), any additional sons that she has should not be circumcised. Furthermore, the Talmud states that the sons of her sisters must not be circumcised, whereas the sons

1) Examine a diagram showing the life cycle of a fern. Does the fern have alternation of generations? Explain. What stage of the life cycle is the typical, spore-producing, mature fern plant? Which stage of the life cycle is dominant in the ferns? 2) Does the fern have true roots, stems, and leaves? Explain. What makes these structures true? 3)

6. Spores are formed. using meiosis. They are released from the sporangium. Meiosis M Early fronds, called fiddleheads (See picture below) Sporangium V Mature sporophyte 5. On the underside of fern leaves, sori are formed. They are clumps of sporangia holding reproductive spores See below for a picture of ferm spores) 1. The released spores grow

Complete a closing trial balance, recording the following activities and transactions within the trial balance provided which has the beginning trial balance for the company. Cash 500,000 Accounts Receivable 2,500,000 Inventory 3,700,000 Property, Plant, Equipment (net) 10,000,000 Accounts Payable (4,500,000) Interest Payable Current Portion of LT

If you have 40 acres of land to build a chemical plant on, and the shape is to be a rectangle, what would the dimensions (in meters) of the 40 acres of land? For the rectangle, how many meters wide by how many meters long would the rectangle be? The plant layout cannot be a square, it must be a rectangle. Approx 60% of the total length for one

SECURITY CAR PARK WAREHOUSE MAIN ENTRANCE TECHNICAL SUPPORT OFFICES (). LABORATORY AND AMENITIES WORKSHOP CONTROL ROOM PREVAILING WINDS need dimensions For 40 acres 120 m FIRE STATION LOADING STATION OXYLENE STORAGE MAN STORAGE PHTHALIC ANHYDRIDE STORAGE OIII REACTION AREA O000 RECOVERY AREA CONDENSER SHED PURIFICATION STRUCTURE PLANT BOUNDARY

Explain the following Data Flow Diagram. 1. Identify the external entities, processes and data stores. 2. Explain the data flow and its functions Patient Changes to patient information Patient nama Process Description 1 patient information to update New patient information Find patient Patient information, to print patient information to delete

OA. signing in OB. managing patient records OC. collecting copayments D. checking in patients,dr rezic appreciates the efforts of Lane, her medical assistant because he managed to keep her on schedule every day. as part of his daily duties Lane organizes the patient charts according to appointment time of repairs a chart information according to

use the calculated financial ratio below compare the performance of Omega Company between 2020 and 2021 Current ratio Acid ratio Inventory turnover Accounts receivable turnover Profit margin Return on assets Return on equity 2021 2020 2.5 1.5 1.4 4 4 1 1.1 0.8 0.6 2 2 0.60 1.5 0.90 Industry Average 2 1.25 1.6 2.5 5.2 1.1 2.6 Q3 Evaluate the

On January 1, 2020, Ivanhoe Inc. entered into an agreement to lease equipment from Tamarisk Corporation. The lease agreement requires five annual rental payments of 88,000 beginning December 31, 2020. The present value of the rental payments is 334,514. Prepare the entry to record the lease agreement on the books of Ivanhoe Inc. on January 1,

Assumes cars depreciate at $40/week. What is the weekly cost of depreciation? What is the weekly total cost of depreciation andrepair?

Customers ShortTerm T 0.5 week R 200 carweek P 200 week 1 100 car LongTerm T 2 week R 100 Carweek P 120 week 1 200 car 100 300 carsweek Cleaning Repair T 1 week Cost 50 car R 300 carweek 1

Critically discuss this statement A firms WACC reflects the return required by contributors of capital and hence will always be a good benchmark discount rate for assessing new projects being considered by a firm. Note A critical discussion requires you to discuss the statement with a critical eye that is identify the valid and invalid parts of

Why is the realized niche considered to be a subset of the fundamental niche 61

Table 3 Vector Equations Equation c a b c a b x component O Cx ax bx 6 Cx axbx 6 ycomponent Cyay by 7 calculated Magnitude of c Direction of c 0c 9.2 Cyayby7 9.2 cab cx (ax bx) 6 Cy(ayby) 7 9.2 Calculated 90 49.4 130.6 1. Show your calculations for each calculation of c, using the equations in Table 3 and compare your results with

Determine the numerical values of the x and ycomponents of each vector. Bx Ax Ay A 45 4m X Cx Cy By Part 3 What are the components of CAB y 9m B X

Individuals and firms pay out a significant portion of their income as taxes, so taxes are important in both personal and corporate decisions. Our tax system is progressive. Individual Individuals pay taxes on wages, on investment income, and on the profits of proprietorships and partnerships. Taxable income is defined as gross income less a set

Plant is purchased on 0101X1 at a cost of 100 000. Depreciation at 20 straight line, nil residual value. Fair value at 3112X2 is 90 000. What is the amount of the revaluation surplus

Search for relevant materials from, including but not limited to, FASB, SEC, and PCAOB's website, major business press, corporate website. Search an article or articles that relate to real-world happenings, recent standard/regulation changes, or knowledge published in journals. You are encouraged to be creative with your presentation Choose peer

On January 1, 2026, Shay Enterprises purchases a building with a cash payment of $ 190,000 and a 30- year mortgage payable in the amount of $ 760,000. Expected principle payments on the mortgage through December 31, 2026 are $ 6,095. Approach this problem by drawing out the accounting equation. Then fill in the blanks with $x increase or decrease

If the surplus on income ratio is only 15, and the surplus on fund employed is only 26. Is this two percentage hight or low

What would happen if a company over allocates their labor and overhead to an item? What is the impact on the financial statements?

Required: 1Journal entry 2.General ledger

various personal equipment for all persons from different walks of life. Listed below are the February 1, 2022 account balances of Love Language Trading Co. 110 120 130 140 Cash Accounts Receivable Merchandise Inventory Supplies 150 Prepaid Insurance 160 170 175 Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation

Sun Sdn Bhd. has budgeted direct materials purchases of RM400,000 in March and RM500,000 in April. Past experience indicates that the company pays for 60% of its purchases in the month of purchase and the remaining 40% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted: Wages

Calculate for 2020: inventory turnover accruals debt ratio common stock net fixed assets turnover cash flow from operating activities cash flow from financing cash flow from investing activities net operating working capital

Practice Set At the end of 2018, the Zedo Company has 100,000 in accumulated depreciation and 120,000 in retained earnings. Sales Notes Payable Tax Rate Gross Fixed Assets Total Current Liabilities Interest Expense Cash ATTACHMENT A Financial Statements Accounts Payable Total Current Assets Total Liabilities Net Income Accounts Receivable

At December 31, 2021, interest expense of $960 is owed on a two-year bank note that will not be paid until July 2022, what is the appropriate accrual at the end of 2021? a. Interest Expense .................. 960 Cash ............................ 960 b. Interest Payable .................. 960 Interest Expense ................. 960 c. Cash

Sandra's Styling Salon, a Sole Proprietorship, pays weekly salaries of $5,000 each Friday for a five-day week ending on that day. If $4,000 is accrued as Salaries Payable in the current fiscal period, the payment of salaries on the first Friday of the next fiscal period will include how much?

Pace's Hardware, a Corporation, pays its employees each Friday for a five-day total workweek. The payroll is $12,000 per week. If the end of the accounting period occurs on a Wednesday, the adjusting entry to record Salaries Payable would include how much ?

Rental Services, Inc. earned $2,000 of Rental Revenue in December 2021, but does not expect payment until January 2022. What is the appropriate accrual entry at December 31, 2021?

Using the current year, perform an online search for the following terms largest multinational corporations 20XX Select ONE multinational corporation (MNC) from the list you located. Perform a second online search and locate a recent article (within the past 18 months) that describes an actual international finance application or a realworld

Joe Taxpayer has the following items of income I nheritance of apple stock, fair market value at death, 6,000 Gift of 42,000 from his mother Gambling winnings of 5,000, gambling losses of 3,000 Prize from a radio station call in, 100 What is Joes federal taxable amounts

3. (15 points) A company makes 5 different products utilizing 5 departments (denoted as A, B, C, D, E). Each products weekly production and process sequence are given in the table below. Using this information, a unit load size of 10, and Cij 10 for all i and j, construct a. the fromto matrix b. the flowbetween matrix, and FB, c. the rewards

If the total of a fixed cost is $15,000 at a level of 9,000 machine hours and the relevant range of the cost is 5000-10,000 machine hours, when the activity level decreases to 6,000 machine hours, what is the total fixed cost? (round to the nearest cent as needed) If the total of a fixed cost is $15,000 at a level of 9,000 machine hours and the

Please prepare the income statement from trial balance below and also a balance sheet (please ignore that is does not balance).

244 501 Acc. No. Account 201 Accounts Payable 102 Accounts receivable 159 Accum. Depreciation Motor Vehicle 156 Accum. Depreciation Office Furniture 610 Advertising Expense 251 Bank Loan 301 Capital 101 Cash 601 Computer Expense 604 Consulting Expense Consulting Fees Payable Cost of Good Sold 605 Insurance Expense 240 Interest Due 603 Interest

Quickly think of a brand you used to buy or a store where you used to shop that no longer exists. Do any of these names ring a bell Blockbuster, Radio Shack, Wachovia Bank, Circuit City Businesses like these fade from memory soon after they close as the business environment replaces them with bigger, better, or newer products, goods, or services.

Patti and John Loving, both age 65, have been married for 40 years, are both in good health, and they are citizens and residents of Pennsylvania. They owned Fur Friends Corp., a successful luxury dog and cat boarding kennel organized as an S-Corp. Their basis in Fur Friends is $750,000. They have the following children and grandchildren: Children

Let T P2 P1 and S P2 P2 be defined by 2 2 T(p) p and S(p) ax bx where p ax bx c Determine (a) (ToS) (p) (b) (SoT) (p) (c) (ToT) (p) (d) (SOS) (p)

Reardon Pharmaceuticals issued a $2.7 million note payable to Nagel Chemicals in exchange for chemical products. Similar notes have an interest rate of 8 percent. Nagel Chemicals plans to pay Reardon in chemicals equally over the five years, thus equaling five annual payments of $540,000. What should Nagel record as their Discount on Notes Payable

It is March 1st, 2023, and you CPA who work for the firm of Richards Stern LLO has been asked to review the audit working papers and draft audited financial statements of Bestyear Tires (BT), a private company, for the year-end December 31, 2022, and the recommended auditor's report (an unqualified opinion) dated February 28, 2023. BT has several

Sales Net income Inventory Total Assets Total Liabilities 50,000,000 500,000 10,000,000 60,000,000 40,000,000

Prepare Income statement and balance sheet

PART 2 (50) QUESTION 6 (25) Rustic decor company presents at the end of the exercise 2.022 the following trial balance. You need to calculate the companys Balance Sheet and Income Statement. Please include a working capital calculation and analysis. Furniture Buildings Other financial income Accounts payable Bank Bankinter Truck Fixed assets

The accounting equation is the foundation on which businesses categorize their accounts. Individuals, including you, can also use the accounting equation to categorize accounts. For example, a person purchases a car on credit. The purchase of the car has impacts on both the asset side and the liabilities side of the accounting equation. On the

On January 1, 2025, Sandhill Animation sold a truck to Wildhorse Finance for 38,000 and immediately leased it back. The truck was carried on Sandhills books at 33,000. The term of the lease is 5 years, there is no bargain purchase option, and title does not transfer to Sandhill at leaseend. The lease requires five equal rental payments of 9,021 at

Phantom acquired 70% of the $100,000 equity share capital of Ghost, its only subsidiary, for $200,000 on 1 January 20X9 when the retained earnings of Ghost were $156,000. At 31 December 20X9 retained earnings are as follows. Phantom Ghost $ 275,000 177,000 Phantom considers that goodwill on acquisition is impaired by 50%. Non- controlling interest

1- Ms. Jane Green invested $10,000 cash in opening her Interior Design Co. 2- Bought a copy machine on account $ 3,000. 3- Bought Office Furniture $ 5,000 on account. 4- Bought a Printer in cash $ 150. 5- Got a loan from TD Bank $ 20,000 cash. 6- Bought additional office furniture $ 2,000 on account. 7- Returned the printer bought on transaction 4

Assume you are a business consultant, reporting to the Board of Directors of Rio Tinto, the world's secondlargest metals and mining corporation. Rio Tinto Group is a dual-listed company traded on the London Stock Exchange (trading as Rio Tinto Plc) and the Australian Securities Exchange (trading as Rio Tinto Ltd). You have been contracted to

Prepare the following journal entries

Bought office equipment on account from Howell Company, 3,100. Paid rent for the month, 3,000. Bought supplies for cash, 550. Received cash for providing storage services, 2,100. Received and paid the monthly utility bill, 172. Paid for a oneyear liability insurance policy, 945. Billed customers for storage services provided on account, 3,140.

Blue Violet is a Rock band planning a tour around the US for the 2024-2025 season. Their option in New Jersey is to make two presentations at the Prudential Center in Newark. Prudential Center is offering the band a compensation of $300,000 per show. Blue Violet estimates that Prudential will be selling the tickets for an average price of $200 and

The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Account Title Number 101 106 153 154 183 201 209 233 307 318 319 401 611 622 640 Cash Accounts receivable Trucks Accumulated depreciationTrucks Land Accounts payable Salaries payable Unearned revenue Common stock Retained earnings Dividends Plumbing revenue

1. Martha Rodriguez invested 80,000 cash to open her Law Firm. 2. Bought office furniture on account $ 2,000. 3. Charged legal fees to a client $ 5,000, the client paid $ 3,000 cash and the due balance in a month. 4. Paid the rent $ 2,000. 5. Bought a computer in cash $ 500. 6. Paid Advertisement to the Discovery Channel $ 2,000 cash. 7. Got a

On January 1, 2020 - A government passes a budget for the General fund with the following: Estimated Property tax $18,000,000; estimated grant revenue of 1,000,000. The GENERAL FUND estimates it will pay salaries of $8,000,000; and estimates it will pay Public Safety Expenses of $6,000,000. The GENERAL FUND budget allowed for a $100,000 worth of

1. Mr. Charles Combs invested $20,000 cash in opening his Interior Design Company. 2. Bought a computer on account $ 400. 3. Paid cleaning $ 150 cash 4. Charged a fee to a customer $ 8,000 for an apartment decoration, the customer paid 50% in cash and the remaining amount when the job is completed. 5. Bought a Copy Machine $ 3,000 on account. 6.

Frequently, you will have data that, instead of being numerical, is text based. The data could be names of people, businesses, or longer form text you would like to mine for information. While Excel is primarily designed to deal with and manipulate numbers, it also has a set of tools that help you work with text information efficiently and easily.

Units produced and sold: 10,000 Total Per Unit Revenue: $8,000,000 $800.00 Less: Costs Advertising (all fixed) 1,000,000 $100.00 Administrative office salaries 720,000 $72.00 Commission paid to sales representatives 400,000 $40.00 Depreciation on factory machines 100,000 $10.00 Factory supervisor salary 130,000 $13.00 Labor of factory machine

In January 1, 2013, Cooper Inc. bought 400,000 shares, representing 40% of the outstanding stock, in Riverdell Inc. for $28 per share. Riverdells net income for 2013 was $3,250,000. Riverdell declared and paid cash dividends of $1.50 per share in 2013. The dividend was declared on November 2, 2013, and paid on November 20, 2013. Riverdell stock

Nina buys a piece of lot for P30,000 down payment and 8 deferred semi-annual payments of P 5,000 each, starting 3 years from now. What is the future value of the investment if the rate of interest is 12% compounded semi annually?

Barbie Doll Co. has budgeted sales of its dolls over the next 4 months as follows July Aug Sept Oct Sales in Units 30,000 45,000 60,000 50,000 End of month inventories are budgeted at 10 of next month budgeted sales. Prepare a production budget for each month in the 3rd quarter.

Comparative financial statement data of Lanfield, Inc. follow (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) 2024 2023 Requirement 1. Compute the debt to equity ratios for 2024 and 2023. Begin by selecting the formula to compute the debt to equity ratio. Debt to equity ratio Total fabilities Total equity

The following data relates to Super Computer Shop as at 30 June 2008: Accounts Payable 12,000 Accounts Receivable 3,000 Accumulated depreciation - Buildings 14,000 Accumulated depreciation - Equipment 17,000 Buildings 100,000 Capital ??? Cash 12,450 Cost of Goods Sold 57,500 Depreciation Expense 5,000 Drawings 26,500 Electricity Expense 1,260

Gannon Auto issued a 180,000, fiveyear note payable to Starkey Vehicles in exchange for cash. The note was issued at 12, but notes with similar risk have an interest rate of 9 percent. Gannon is expected to make five annual interest payments of 21,600 with one lumpsum payment for the principal at the end of Year 5. How much cash will Gannon

f the budgeted amount for capital expenditures (capex) is known and material, firms are required to provide it in their MD&A. Most firms do provide this information. Increases in capex (for example, compared to prior years' actual capex, from the cash flow statement) is usually considered a "bullish" signal. Source 10-K for year ended 1/28/22,

Existing store investments Strategic initiatives New stores, new corporate facilities and international 2022 70 20 10

Ruffin Dog Supplies issued a $60,000, four-year note payable to Dozier Resources in exchange for cash. The note was issued at 8%, but notes with similar risk have an interest rate of 6 percent. Ruffin is expected to make four annual interest payments of $4,800 with one lump-sum payment for the principal at the end of Year 4. How much cash will

Use the three equations below to find the demand function Qp a bPcY 110 a 50b 20c 115 a 50b 30c 95 a 60b 30c (1) (2) (3) If Qs 3P 100 determine the equilibrium function. And find the equilibrium P and Q when Y 20. Clue use your idea of algebra to solve the question U

Kara Morris founded her dream business, called Kara's Kiteboarding Adventures The following transactions occurred during June 2017 her first month of operations. a Kara invested $15.000 cash into the business on June 1 b. Kara's Kiteboarding paid $400 to cover insurance for the month of June June 3, Kara's Kiteboarding purchased $12.000 worth of

Determine the cash budget for the first quarter of 2023:

1. 55 of sales are cash 2. 45 of sales are on credit cards the company can collect cash right away less a 2 transaction fee. 3. Purchases of direct materials are on account by the end of the year, the company has paid for all purchases except 20. 4. Labour is paid in full by the end of the year. 5. Manufacturing overhead costs are projected to be

2. Abby W. is considering investing in one of the following investment projects. A C D 100.00 200,00 330.00 150.00 185.00 184.55 123.62 137.52 93.00 First Cost Annual Income Annual Cost 130.00 130.78 92.00 Each alternative has a fiveyear useful life. If Abby requires at least an 8 return on her investments, which alternative should she select (50