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Problem a) Discuss at least 5 advantages provided by computer packages in the field of accounting. Give examples wherever applicable.
Problem b) Given the benefits provided by computerized systems, critique whether it is still necessary to learn manual double-entry accounting systems. State reasons to support your answer.
Problem c) Define cloud accounting and list its benefits to businesses. Why is cloud accounting safe? Discuss
Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010. Preparation of a pension worksheet is not required. Benefits paid in 2010 were $35,000.
You buy a bond issued by Terlingua Oil & Gas Exploration Corp. The coupon rate is 10%, and coupons are paid semi-annually. Par of your bond is $10,000. The bond matures in 10 years. Your price today on the bond is $9,000. In six months, the YTM on th..
In spring 2014, Eva Engineering Company signed a contract with the city of Springfield, to construct a new city hall. Eva expects to construct the building within two years and incur expenses of $120 million, which means the company earns a $40 milli..
Ordinary Shares, P20 par; 500,000 shares authorized, After the treasury stock purchase, by how much did the firm's assets increase of decrease, if any?
Which project has the better payback period? Project A requires a $25,000 investment and provides $5,000 per year for 6 years; Project B requires an $8,000 project and provides $4,000 per year for 2 years. (Show your calculations.) Explain the streng..
Should you purchase the bond if the yield to maturity on a? comparable-risk bond is 8 ?percent? What is the yield to maturity on bond?
Shows the effect of the transaction on the accounting equation? Sampson Corporation pays dividends of $9,000 to shareholders.
Explain how external stakeholders use financial information such as company income statements and balance sheets to make decisions about the company in such cases as advancing credit or offering leasing vehicles.
Calculate the full price, accrued interest and flat price if the bond is traded for settlement on 12 October 2019 at a yield to maturity of 5.5%
Evaluate total fixed manufacturing overhead Evaluate variable manufacturing overhead per direct labor-hour Determine total direct labor-hours to be worked Net actual manufacturing overhead costs incurred
Jim Heston has been working on Austin Paints' cash budget for the coming year. Based on his projections for March, the beginning cash balance will be $50,000; cash collections will be $700,000; and cash disbursements will be $710,300. How much will A..
What is the effective or net cost of the large press and If this is the only way Zarin can obtain the large press, should the firm go ahead with the merger
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