Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On December 31, 2013, Jet Co. received a $10,000 note receivable from Maxx, Inc. in exchange for services rendered. Interest is calculated on the outstanding balance at the interest rate of 3% compounded annually and payable at maturity. The note from Maxx, Inc. is due in five years. The market interest rate for similar notes on December 31, 2013, was 8%. The compound interest factors are as follows:
Future value of $1 due in nine months at 3% 1.0225
Future value of $1 due in five years at 3% 1.1593
Present value of $1 due in nine months at 8% 0.944
Present value of $1 due in five years at 8% 0.680
Required - At what amounts should this note receivable be reported in Jet's December 31 balance sheet?
The share paid a dividend of $1.50 during the year. What was the share's rate of return income during the year? (Round your answer to the nearest per cent.)
Critically evaluate short term liquidity using three relevant ratios - Critically evaluate the profitability using three relevant ratios:
Apple reported net income of 1,000,000. In 2014, Apple had 10,000 shares of $100 par 6% non-convertible, non cumulative preferred stock outstanding throughout 2014.
Sales forecast: January: 1,100 units; February: 1,500 units; March: 2,300 units; April: 2,500 units. The unit sales price is $38. All sales are on credit and collections are 30% in the month of sale and 70% the following month. Based on the informati..
The variable costs per unit are $18 when a company produces 24,000 units of product. What are the variable costs per unit when 26,000 units are produced? The fixed costs per unit are $20 when a company produces 20,000 units of product. What are the f..
Red back Networks Inc. a subsidiary of Ericsson, provides networking services and related systems for 75 percent of the world's largest telephone companies. Assume that it is developing a networking system for smaller, private telephone companies. wh..
Suppose that Marg Watson's salary was $68,000 and that total salaries paid in the company were $25 million. What would Marg's profit share be?
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
On January 1, 2020, What amount is debited to Common Stock under the treasury stock method and under a direct stock retirement?
Suppose you were starting a graphics printing business. It will cost you $2000 for a computer and commercial ink jet printer. What is your breakeven? You want to consider a color laser printer instead of an ink jet. The fixed costs would be $4000 and..
Jingie owns two parcels of business land (§ 1231 assets). One parcel can be sold at a loss of $60,000, and the other parcel can be sold at a gain of $70,000. Jingie has no nonrecaptured § 1231 losses from prior years.
The company declares and pay 1:5 bonus issue out of the company’s revaluation surplus. The company’s share capital is $500,000 and the value of the revaluation surplus is $200,000. Indicate whether this action lead to an increase, decreases or have n..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd