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Question 1: Media bias issued bonds 10 years ago at $1000 per bond. bonds had a 40 year life when issued and the annual interest was 12%. compute new price of bond.
hree pounds of materials are required for each unit produced. Each pound of material costs $20. Inventory levels for material equal 30percent of the needs for the next month. Materials inventory on Jan 1 was 5,000 pounds. Prepare a production budget ..
When a corporation declares a property dividend, the corporation should: Divide the property equally among all stockholders. Record the dividend by debiting retained earnings for an amount equal to the fair value of the property to be distributed.
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. Sept. 6 Purchased calculators from Dragoo Co. at a total c..
Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use J1 as the posting reference.)
Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference as ..
Fighting Irish Incorporated pays it employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2018, and employees are paid $5,600. The next two-week pay period ends on January 11, 2019, and employees are paid $..
Flexible Budgeting At the beginning of the period, the Grinding Department budgeted direct labor of $81,000 and property tax of $46,000 for 4,500 hours of production. The department actually completed 5,800 hours of production. Determine the budget f..
Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 4%, preferred stock of $25 par, and 38,000 shares of $75 par common. During its first four years of operations, the following amounts were d..
Blue Air Inc., has net sales of $767,000 and accounts receivables of $162,000. What are the firm's accounts receivables turnover?
Used at the planning, substantive testing, and final stages of the audit. Probability that client's internal controls system will fail to prevent or detect a material misstatement.
Morrison Corporation borrowed? $45,000 from Commercial Bank on June 1 of the current year. The bank required? 9% interest. Interest will be paid every three months until the? 9-month note is paid. What is the total Interest Expense and the Interest P..
On July 1, year 1, Lila Perl paid $90,000 for 450 shares of Janis Corporation common stock. Lila received a nontaxable stock dividend of 50 new common shares in November of year 4. On December 20, year 5, Lila sold the 50 new shares for $11,000. What..
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