Accounting Questions and Answers December 03, 2020

Two cars A and B having average speeds of 55 km/h and 65km/h respectively are 240 km apart. They start moving toward each other at 1.00. At what time will they meet?

The probability of a workers being fired from or quitting a particular job in any unit of time is represented by Q = a bT cT 2 where Q is the probability of leaving a job and T is the length of time the worker has held that job. Explain what this says and why it occurs.

1. Cash solvency refers to the ability of the government to generate enough cash in the short term to meet its current liabilities. Calculate the current ratio for the governmental activities and total primary government. Explain what these ratios suggest about the condition of Ponderosas cash solvency. Most of the citys cash is invested in

Solve for xx exactly. 3[4x+5(34x)]=30x+4(4x5x)3[4x+5-(3-4x)]=30x+4(4x-5x) x=

Western Oceanography Institute It was already 72 degrees when Astrid Young pulled into the parking lot at the Western Oceanography Institute (WOI). The radio announcer was reminding listeners to leave out extra water for their pets because the temperature was going to be in the high 90s for the third straight day. Young made a mental note to call

Brody Company makes Industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in 10gallon drums. Brody provided the following information for last year Raw materials purchases Direct labor Depreciation on factory equipment Depreciation on factory building Depreciation on headquarters building Factory

The preceding excerise involved the claim that post 1983 pennies have weights with a standard deviation less than 0 0230 g Date set 21 in appendix includes the weights of a simple random sample of 35 pre 1983 pennies and that sample has a standard deviation of 0 03910 g

16. A coupon bond which pays interest of 40 annually, has a par value of 1,000, matures in 5 years, and is selling today at a 159.71 discount from par value. The actual yield to maturity on this bond is (in APR). 1) 5 2) 6 3) 7 4) 8

Expand on your classification of costs and describe costs that are variable fixed and mixed costs? What are some variable costs that are period costs product costs? What are some fixed costs that are period costs products costs? What are some mixed costs that are period costs product costs?

Just like in any type of business organization, ethics in partnership is important because of the difficulties that two or more people have in arriving at a common decision. Partners are under constant pressure to protect their investment. After reading the EC 12 Ethics Case in your text, discuss the following: Who are the stakeholders in this

2. Imagine an island a short distance off the east coast of a country. This island is called Onus, and it has a population of about 500 residents. Their only way to the mainland is by the ONE ferry boat that runs between Onus and the mainland (the ferry operates as a monopoly). Similarly, a short distance off the west coast of the same country is

Blossom Company had the following selected transactions. 1. Kim Leppard invested 6,337 cash in the business in exchange for common stock. 2. Paid office rent of 1,204. 3. Performed consulting services and billed a client 5,957. 4. Declared and paid a 760 cash dividend. (a) Indicate the effect each transaction has on the accounting equation (Assets

A delivery company would like to capitalise on its recent success and expand into a new geographic area after having a very successful two years. The company does not have enough cash to fund this expansion and is seeking external finance. One of the directors has been advised to think about issuing some preference shares since she will be able to

You have observed the following returns over time Year Stock X Stock Y Market 2006 14 13 12 2007 19 7 10 2008 16 5 12 2009 1 1 2010 20 11 15 Assume that the riskfree rate is 6 and the market risk premium is 5. a. What are the betas of Stocks X and Y b. What are the required rates of return on Stocks X and Y c. What is the required rate of return

Consider the following data for two variables, x and y. xi 4 5 7 8 10 12 12 22 yi 12 14 16 15 18 20 24 19 Enter negative values as negative numbers. Compute the standardized residuals for these data (to 2 decimals). Observation 1 -1.00 Observation 2 -0.40 Observation 3. 0.01 Observation 4. -0.48 Observation 5. 0.25 Observation 6. 0.65 Observation

12a. Given the following SEL351 circuit and the following description, provide settings for the relay The breaker should trip if the current rises above 5.7 amps secondary if the breaker is closed and has local control. () () SEL351 52 a IN101 43LR L IN102 43LR R 94X 2 A1 2 A2 TC 1 SEL351 OUT101 12b. Give some examples of what could be used to

All of the following statements about contingency and management reserves are true EXCEPT: multiple choice The management reserve covers unforeseen risks. If a risk does not materialize, funds pertaining to that risk are removed from the contingency reserve. Contingency reserves are established to cover identified risks. The management reserve

A wildlife management organization is interested in estimating the number of moose in a particular region. Organization employees divide the region into 10 sections and randomly select four sections to survey the number of moose present. What sampling method is being used a. Cluster sampling b. Stratified random sampling c. Judgment sampling d.

The Martin-Beck Company operates a plant in St. Louis with an annual capacity of 30,000 units. Product is shipped to regional distribution centers located in Boston, Atlanta, and Houston. Because of an anticipated increase in demand, Martin-Beck plans to increase capacity by constructing a new plant in one or more of the following cities: Detroit,

The MartinBeck Company operates a plant in St. Louis with an annual capacity of 30,000 units. Product is shipped to regional distribution centers located in Boston, Atlanta, and Houston. Because of an anticipated increase in demand, Martin Beck plans to increase capacity by constructing a new plant in one or more of the following cities Detroit,

On January 1, 2014, Bonanza Wholesalers Inc. adopted the dollar-value LIFO inventory method for income tax and external financial reporting purposes. However, Bonanza continued to use the FIFO inventory method for internal accounting and management purposes. In applying the LIFO method, Bonanza uses internal conversion price indexes and the

You must report on the unprofitable customer and makeneed to tell the CEO that we should let the customer go or raise the rates to the customer However the customer is a relative of the CFO

The following information for Cooper Enterprises is given below: December 31, 2021 Assets and obligations Plan assets (at fair value) $600,000 Accumulated benefit obligation 1,110,000 Projected benefit obligation 1,200,000 Other Items Pension asset / liability, January 1, 2021 30,000 Contributions 360,000 Accumulated other comprehensive loss

Perry Company manufactures wood file cabinets. The following information is available for June of the current year. Beginning Ending Raw Material Inventory $ 6,000 $ 7,500 Work in Process Inventory 17,300 11,700 Finished Goods Inventory 21,000 16,300rn The direct labor rate is $9.60 per hour and overhead for the month was $9,600. Refer to Perry

In Milestone One, you completed the first part of your course project to demonstrate your ability to accurately record financial data. In Milestone Two, you will use your journal entries from Milestone One to continue working through the next stages of the accounting cycle in preparation for creating financial statements in Module Seven. Scenario

Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Interest Expense Insurance Expense

Question 9 What statement is not a mechanism of resistance used by microorganisms to avoid being killed by antibiotics Decreased influx of the antibiotics O Amplification of the target Increased efflux of the antibiotics Disruption of the cell membrane 1 pts Inactivation of the antibiotics

At the beginning of the period, there were 3,000 tons in process, 30% complete with respect to materials. There were 12,000 tons transferred into the process, of which 1,000 tons were remaining in work in process at the end of the period. The ending work in process was 60% compete Materials were introduced at the beginning of the process and had a

The point A on the red budget line (FG) as depicted on the graph below shows the equilibrium consumption point of a consumer for some income M. Assume that the price of good Y represented on the vertical axis is Py30. GoodY 20 10 0 H G B A F 40 Good X How many units of good X does the consumer purchase at point A Explain what change will cause the

A Bite in the Night: The Case of Bed Bugs at the Mountain Peak Inn CASE STUDY Abstract This case study provides a scenario of service failure and recovery efforts in a hotel operation. A hotel guest encounters bed bugs in his hotel room during a stay at the Mountain Peak Inn, a mid-scale hotel property located off of the interstate. Upon reporting

El Rady Investments holds a US 10,000,000 portfolio of Hilton Bonds that pay a coupon of 3.5 Current interest rates are 7.0. What is the market price of El Rady's bond portfolio?

omputing the Issue Price of Bonds See the Present and Future Value Tables from the Appendix for help in solving this item Compute the issue price of each of the following bonds Round your answers to the nearest dollar a 10 000 000 face value zero coupon bonds due in 20 years priced on the market to yield 8 compounded semiannually

Jared Inc. produces leather handbags. The sales budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.5 square meters of leather. Jared Inc.'s finished goods inventory policy is 10% of next month's sales needs. Jared Inc.'s leather inventory policy is 30% of next month's

In 2004, Toys RUs sued Amazon.com for violating terms of the agreement between the companies specifically, Toys RUs objected to Amazon.coms permitting Amazon Market place retailers to sell toys. (Note When the lawsuit was filed, Amazon Marketplace was called zShops.) Amazon.com responded by filing a countersuit. After more than two years of

Future Value on Cost of Extended Warranty. Allison Jones of Flagstaff, Arizona, is considering paying $160 a year for an extended warranty on several of her major appliances. If the appliances are expected to last for five years and she can earn 4 percent on her savings, what would be the future value of the amount she will pay for the extended

Big Sports Company has been using the FIFO method for the past three years. This period, the company has decided to switch to the LIFO method. Keeping the scenario in mind, discuss the reasons why a company might decide to make this change. Analyze the effect that the change may have on the financial statements. Discuss whether a company should

Kelley Co. has $2,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest on January 31 and July 31. On July 31, 2014, the holders of $500,000 bonds exercised the conversion privilege. On that date the market price of the bonds was 105 and the market price of

Rule 201 of the AICPA Professional Code of Conduct provides four general standards of professional behavior Which of these four principles is illustrated by an accountant refusing to accept an engagement because he she did not feel qualified to fulfill the engagement

What is inertia? Discuss which object among the following sets has more inertia and why a. A more massive object or a less massive object. b. A fast moving object or a slow moving object.

You have been recently employed by an audit firm You are to understudy and assist one of the experienced partners in the audit firm to conduct an audit of a client with whom they have recently signed a letter of engagement with Your team leader one of the partners wanted to test your level of knowledge on revenue risk factors and asked What are

1.Assume that your cousin opens a new Tattoo Studio. He called and asked you to take the whole responsibility for the Digital Marketing activities of his startup. Hence he spent so much money for the restaurant, he has unfortunately a very small budget for the digital marketing avtivities. Please make a business plan from A to Z for the Digital

what is the degree of unsaturation of C5H10O. Show all Mathematica process and interpretation.

Identify the following surface and sketch its zztrace x 10x y 6y 4z 16z 33 0 A body moves from point (2,0) to (0,4) following a elliptical path. Find the direction of motion of the body at point (2, 22). Also find equation of tangent line at (2,22).

4. The crane shown below has mass of 4,000 kg and a base of 3.4 m. The arm of the crane is 22 m and attaches to the center of the crane. If the arm is placed at an angle of 30, what is the largest mass that the crane can hold off the ground without tipping Cranes center of gravity 0000 30 1.7 m A. 400 kg B. 440 kg C. 4,000 kg D. 40,000 kg E

The U.S. Census Bureau tracks the median price for new home sales by month The median prices for April for the years 1990 to 2011 follow (U.S. Census Bureau site, April 16, 2012). a. Construct a time series plot. Comment on any pattern you observe. Discuss some of the factors that may have resulted in this time series plot. b. Given the time

Year Price (1000s) Year Price (1000s) ana 175.2 1990 1991 1992 1993 1994 2001 2002 2003 2004 2005 2006 2007 2008 130.0 121.0 187.1 189.5 120.0 127.0 129.0 222.3 236.3 134.0 140.0 257.0 242.5 1995 1996 246.4 1997 1998 150.0 148.0 2009 219.2 2010 208.3 1999 2000 159.9 162.6 2011 224.7

I have a financial derivatives project where I'm given 1 million dollars for trading on interactive brokers website, I didn't buy any stock yet, what trading strategy should I use and what stocks should I buy to start trading please tell me what to do in details so I can get an A on the project.

Go to the KPMG Institute link under your week 6 eReadings and go to KPMG Financial Reporting Network link and under the Financial Reporting Network Latest News and Insights select the FASB Meeting February 4 2015 and respond to the following questions

a. A County will build an aqueduct to bring water in from the upper part of the state. It can be built at a reduced size now for 100 million and be enlarged 10 years hence for an additional 50 million. An alternative is to construct the fullsized aqueduct now for 50 million. Both alternatives would provide the needed capacity for the 20year

Ross, Attorney at Law, experienced the following transactions in 2014, the first year of operations 1. Purchased 1,500 of office supplies on account. 2. Accepted 36,000 on February 1, 2014, as a retainer for services to be performed evenly over the next 12 months. 3. Performed legal services for cash of 84,000. 4. Paid cash for salaries expense of

One afternoon Gina Lowell received a call at work from her credit card company. The woman on the other end of the phone asked some questions. We are calling you because our fraud detection system has flagged your account for possible identity theft. We need to ask you only a few brief questions to protect your account. Okay, said Gina. We first

Prepare a research paper on one aspect of body language presented in this chapter Your paper should have a minimum of five authoritative references elements how a specific body language mannerism manifests how to interpret that mannerism and how it might be useful in a forensic investigation?

Prepare and submit a Statement of Work (SOW) for that project, including a brief description of the work to be performed, expected project outcomes, and any concerns you feel you might encounter along the way. Choose one of the following potential areas of conflict and identify which of the types of conflict applies to this situation. Choose the

Zinger Corporation manufactures industrial type sewing machines. Zinger Corp. received a very large order from a few European countries. In order to be able to supply these countries with its products, Zinger will have to expand its facilities. Of the required expansion, Zinger feels it can raise $85 million internally, through retained earnings.

Describe the conditions and situation of American industrial workers during the Gilded Age? What were some causes of their poor pay and work conditions and what were some of the reasons for laborers' relative weakness in organizing unions and using strikes to successfully address their problems?

1. Describe the contributions, motivations, and achievements of the Chinese workers in the building of the first transcontinental Railroad. 2. What were the advantages and results of the central pacific railroad companies employing this workforce to build the transcontinental railroad?

Southworth Company uses a job-order costing system and applies to manufacture overhead costs to jobs on the basis of the cost of direct materials used in production. Its predetermined overhead rate was based on a cost formula that estimated $241,600 of manufacturing overhead for an estimated allocation base of $151,000 direct material dollar

1. What is Alexander's net gain or loss on the liquidation of his 100 percent interest in an S corporation if the corporation distributes the following three assets to him in exchange for his stock: Asset FMV Adj. Basis Inventory $20,000 $13,000 7,000 Machines $50,000 $60,000 (10,000) Building $100,000 $75,000 25,000170,000 148,000 22,000 Prior to

On April 1, 2006, US Ultracom issued 7, 10year bonds payable with maturity value of 400,000. The bonds pay interest on March 31 and September 30, and US Ultracom amortizes premium and discount by the straightline method. continued , .. LongTerm Liabilities 765 ,Requirements 2. If the market interest rate is 8 when US Ultracom issues its bonds,

The balance sheet data of Brown Company at the end of 2015 and 2014 follow: 2015 2014 Cash $30,000 $35,000 Accounts receivable (net) 55,000 45,000 Inventory 65,000 45,000 Prepaid expenses 15,000 25,000 Equipment 90,000 75,000 Accumulated depreciation equipment (18,000) (8,000) Land 70,000 40,000 $307,000 $257,000 Accounts payable $65,000 $52,000

3. How many Hot Cocoa Cake units can Zingermans Bakehouse produce every day? 4. How frequent are Zingermans huddle meetings, in which managers gather together to discuss better ways to reduce costs and increase profitability? 5. Zingerman experiences a significant seasonality effect on its business, particularly during the year-end holidays.

The video demonstrates how a deli in Ann Arbor, Michigan makes sound business decisions based on its understanding of cost behavior in each of its seven different, food related businesses. The companys vision includes a proactive, positive approach. Its success and wise business management is contributed to its understanding of cost behavior. bake

How does the concept of profitability in Islamic banks compare to a conventional bank? Review of the literature.

2. (25pts) The cylindrical tank AB has a 200 mm inner diameter and an 8 mm wall thickness shown in Fig. 2. Knowing that the pressure inside the tank is 4 MPa, determine the maximum normal stress and the maximum shearing stress at point K. 375 mm 250 mm D 40 kN Fig. 2

Jansen, Inc., is a defense contractor that uses job costing. Because the firm uses a perpetual inventory system, the three supporting schedules to the income statement (the schedule of raw materials placed in production, the schedule of cost of goods manufactured, and the schedule of cost of goods sold) are not necessary. Inventory account

Choose a recent merger / acquisition to write about for this topic paper. Use the material to analyze the reasons for and against the merger, and to assess the performance of the consolidated company since its completion. If you are unable to come up with a choice of your own, then you may choose the merger of Hewlett Packard and Compaq Computers

If Grant Corporation has 120,000 shares of common stock authorized, 75,000 shares of common stock issued, and holds 3,000 shares of common stock as treasury stock, the total number of outstanding shares of Grant Corporation amounts to a). 117,000. b). 54,000. c). 48,000. d). 72,000.

Ex-Act Corporation pays dividends at the end of each year. The dividends that it paid for 2012, 2013, and 2014 were $160,000, $120,000, and $360,000, respectively. 1. Calculate the total amount of dividends Ex-Act paid in each of these years to its common and preferred stockholders under the following capital structure: 40,000 shares of $100 par,

Various tools of communication are used by the marketers to promote their products. (i) Why do companies use all tools at the same time (ii) Name and explain the most commonly used nonpersonal tool of promotion which is paid for by the marketer. (iii) Which tool of promotion will primarily be used for the following (a) To promote or protect a

Grassi Company produces high definition television sets. The following information is available for this product: Fixed cost per unit $250 Variable cost per unit 750 Markup per unit 300 Grassi Company's markup percentage would be A). 30%. B). 120%. C). 60%. D). 40%.

Being a country with a large population, one of the great advantages of Bangladesh is that there is large domestic consumption. It is a blessing for those who meet this consumption desire. At present, our growth in the entire export sector, including garments, has been good. Overall, we are in a positive position. PostCovid, investors have begun

How would you describe the impact of the war on its stakeholders or Ukraine, Russia, Ukrainian allies, and the rest of the world? Since the start of the war, several MNCs have pulled out altogether or scaled back operations in Russia in response to its war on Ukraine. Is Apple, Inc. on the list of companies that have pulled out of Russia? If so,

HighLife Bank has an obligation of $1,500,000 at the end of the second year and $1,750,000 at the end of the four years. It also has $3,000,000 to invest and can choose between a zero-coupon bond or a coupon bond. The coupon bond matures in four years, pays an annual coupon of $120,000 and has a balloon payment of $3,000,000. The zero-coupon bond

Gary borrows $50,000 from the bank and he plans to make quarterly repayments of $2,500 starting one year after the borrowing date. The interest rate is 4% p.a. compounded quarterly. Calculate the number of full $2,500 repayments Gary needs to make to repay the loan.

Assume Apex Printing's financial data shows the following data. Based on these data, what is their WACC? Round your answer to the nearest whole percentage with no decimal places. % Equity = $8,000 Debt = $2,000 Cost of equity = 12.5% Cost of debt = 6% Tax rate = 30%

please give me answer fast ...its accounts ratio question

1 Interest Revenue Other Revenues Total revenues 3 . . D 1 2 B 4 S 6 7 0 1 R 5 Revenue T Sales Revenue M Rent Revenue Operating expenses Cost of Goods cold Wages expense Salary expense FOR THE YEAR ENDED DECEMBER 31, 2022 CANADIAN DOLLARS (illions of dollars) Benefit expense Research and development expense ARROW ITO. INCOME STATEMENT

Andrew sells a stock short for 800. At the end of one year, Andrew purchases the stock for 760. During the year, Andrew's stock paid a dividend of 50. Amanda sold a different stock short 1000. At the end of the year, Amanda purchases the stock she sold short for X. Amanda's stock paid a dividend of 25 during the year. The margin requirement for

5. Consider the following variable cash flow series (20 points) t i 0 100 2 1 0 2 2 1000 5 3 400 5 b. What is the Present worth of this cash flow 4 300 4 5 0 4 6 100 a. Draw the corresponding Cash Flow Diagram. Note that the interest rate applies between the period its assigned to, and the next one.

You are considering to issue 50 million longterm bonds to meet its funding requirements among the following two bonds available for possible change in future interest rate. Bond I 3year zerocoupon bonds yielding 6 Bond II 5year 6 annual coupon bonds yielding 6 4. Calculate Macaulay duration of each bond. 5. Calculate duration gap when each bond is

Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.5 and 3.5 years, respectively. Time 1 2 3 Cash flow 4,600 1,160 2,360 1,560 1,560 5

A firm has a $50,000,000 loan with an interest rate of 4%, a $54,100,000 bond issue with a yield to maturity of 3%, and 10,000,000 shares of stock selling at $3.47 a share. The stock's required return is 14.8%. Find the firm's cost of capital. Risk-free rate 0.016 Market rate 0.136 Tax rate 0.30

Selling Price per unit = $900 Variable Cost per unit = $450 Fixed costs = $180,000 Answer these questions: 1. What is the break-even in units? ______________ 2. What is the break-even in dollars? _______________ 3. How many units would the company have to sell to earn a profit of $1,000,000? _______________ 4. What is the margin of safety in

Ravenna Company is a seller that uses the indirect method to prepare the operating activities section of its cash flow statement.This year's balance sheet is as follows: Ending Balance Starting Balance Cash and cash equivalents 113,600 USD 136,600 USD Receivables 89,800 96,800 Stock 120.600 110.000 Total current assets 324,000 343,400 Property,

Papst Company is preparing its cash budget for the month of May. The following information is available regarding your accounts receivable (based on sales made to customers on open account): March Actual Credit Sales ps 185.000 April Actual Credit Sales ps 237,000 Estimated credit sales for May ps 342,000 Estimated collections in the month of sale

Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following. fixed budget Sales (16,000 units) ps 3,264,000 cost of goods sold Direct materials ps 384.000 Direct labour 672,000 production supplies 448,000 plant manager salary 184.000 1,688,000 Gross profit 1,576,000 selling

After providing the credit department with your analyses. The chief officer provides you with the industry averages. How does this impact your internal finance sources Show all relevant calculations. INDUSTRY AVERAGES LIQUIDITY RATIOS CURRENT RATIO QUICK RATIO ACTIVITY RATIOS INVENTORY TURNOVER AVG COLLECTION PERIOD (Days) AVG PAYMENT PERIOD

SuperReb Company, LLC has two production departments and three service departments. The following budgeted data belong to these five departments: Support Departments Production Departments Care Buy employee Meeting Table Holds too high 650.000 $ 550.000 $ 450.000 $ 150.000 $ 125.000 $ Square Image 1250 750 2500 5500 7500 # of employees 75 15 10 15

What is the term for an examination of a company's financial records by someone that is not an employee of the company? Internal Audit External Audit Auditor Financial Statements

Vicky and Victor Valle filed a joint return in 2019 and have a dependent child. They reported $26,000 of itemized deductions and $1,200 for the qualified business income deduction. The 2019 standard deduction amount for MFJ is $24,400. What is the total amount of AGI deductions you can claim on your 2019 tax return?

Consider the rates of the following: Year r abc as a % r xyz as a % 1 20 30 2 12 12 3 14 18 4 3 0 5 1 -10 Calculate the Arithmetic average return on these stocks over the sample period. If you were equally likely to earn a return of 20%, 12%, 14%, 3%, or 1% in each year (these are the five annual returns for stock ABC), what would be your expected

1. Spotfutures parity Fo So(1rfd)T So spot price at time 0, Fo futures price at time T rf riskfree rate of return, d dividend yield Note if the asset does not pay dividends, d in the above equation is 0. 3. Arithmetic Average HPRavg HPR avg BAO 3403 Investment and Portfolio Management Formula Sheet T1 Fface value Rinterest rate T time n number

Bob is an accountant with ABC Gas. Over the last 6 months, Bob has made intentional errors in his financial reporting in order to earn more money for himself. Who evaluates and will punish Bob's indiscretion? GAAP ASPCA FASB PCOB

Provide what constitutes inventoriable costs in the study of management accounting.

AN ASSET MANAGER WISHES TO ENTER INTO A TWO-YEAR EQUITY SWAP IN WHICH HE WILL RECEIVE THE RATE OF RETURN ON THE FTSE/JSE ALL SHARE INDEX (ALSI) IN EXCHANGE FOR PAYING A FIXED INTEREST RATE (SWAP RATE). THE ALSI IS AT 50526 AT THE BEGINNING OF THE SWAP. THE SWAP CALLS FOR SEMI-ANNUAL PAYMENTS. THE TERM STRUCTURE AT THE BEGINNING OF THE SWAP AND

Explain how cost accounting information is used to control a business organization.

Explain one way in which the characteristics of financial and management accounting information differ.

Fanning Concrete Company pours concrete slabs for single-family homes. The Lancing Construction Company, which operates outside of Fanning's normal sales territory, asks Fanning to pour 55 slabs for the new Lancing housing development. Fanning has the capacity to build 320 slabs and is currently working on 110 of them. Lancing is willing to pay

What is the maximum price you would pay for a bond if its minimum acceptable rate of return (MARR) is 7%, the face value of the bond is $25,000, and the coupon rate is 3% paid semi-annually and the bond will mature ? in 20 years.

As of early 2021, Crane Company had retained earnings of $390,000. During the year, Crane reported net income of $90,000, sold treasury stock at a gain of $35,000, declared a cash dividend of $58,000, and declared and issued a small stock dividend of 2,800 shares ($10 par value) when the fair value of the stock was $18 per share. The amount of

Baby and Co. sell personalized teddy bears. The teddy bears sell for 50 and feature a recording device where parents can record their voices inside the teddy bear. A typical months results are as follows,Sales revenue Variable expenses Contribution margin Fixed expenses Operating income 950,000 620,000 330,000 100,000 230,000,Required (Present the

On November 15, 2019, Mary believes that the share market will suffer a correction (fall) of 20% in late February. It is November 15, 2019 and the ASX 200 index stands at 6780. If Mary commonly speculates using 5 SPI 200 contracts; i) Outline the position she should take to profit from her expectations. ii) Calculate her profit or loss on February

Category Interest Rate Markets 90 Day Bank Bills (IR) Futures Prices are DELAYED by a minimum of 20 minutes. Expiry Bid Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 99.0400 99.1800 99.2200 99.2500 99.2200 99.2300 99.2200 99.1900 99.1500 99.1300 99.1100 99.0800 99.0400

What are some of the key differences between financial and managerial accounting? How do these differences impact the type of information that must be gathered and reported? What are the different types of decisions that users of financial accounting information must make? What are the different types of decisions that users of managerial

Calculate the estimated tax for a Schedule C business using the following information o Revenue 50,000 I o Expenses 30,000 o Federal tax rate of 22, State tax rate of 6, SelfEmployment (SE) tax rate from the IRS reading. o To keep it simple, there are no other deductions to consider. Calculate the net income for this business including taxes.

Determine the maximum contribution that can be made to a Keogh plan in each of the following cases. In all cases, the individual is self-employed and the self-employment tax abatement has already been taken. Self-employment income of $51,000. Self-employment income of $51,000 and wage income of $32,500. Self-employment income of $130,000.

After an upfront research and development cost of 1,500,000, Gillette is proposing a new three-blade razor (MACH-3) that they hope will be a success in the competitive razor market. The project requires an initial investment of 75,000,000 to build new factories and to buy equipment. This investment will be depreciated straight-line over five years