Explain mixed accounting, Explain Mixed Accounting and

Explain mixed accounting

Assignment Help Marketing Management

Reference no: EM1336103

Explain Mixed Accounting

1. On September 30, 2009, Webster Co.'s treasurer signed a note promising to pay $520,000 on December 31, 2009. Proceeds of the note were $501,800.

(a.) Calculate the discount rate used by the lender.

(b.) Calculate the effective interest rate on the loan.

(c.) How much interest expense would be recorded for the month of October?

2. The Defiance College sells season tickets for four home football games at a price of $15. For the 2009 season, 5,000 season tickets were sold.

(a.) Explain how should Defiance account for the initial sale of the season tickets?

(b.) Explain what journal entry or affect on the horizontal model would be nescessary to show the effect of hosting a home football game.

3. On April 15, 2009, Melissa purchased $30,000 of Verbecke Co.'s 12%, 20-year bonds at face amount. Verbecke Co. has paid interest due on the bonds regularly. On April 15, 2013, market interest rates had risen to 14% and Melissa is considering selling the bonds.

a. Using the present value tables in Chapter 6 of the textbook, calculate the market value of Melissa's bonds on April 15, 2013.

b. How would any premium or discount be accounted for over the remaining term of the bonds?

Reference no: EM1336103

Questions Cloud

Define your usage of the mailing list : plan an E-R Diagram showing each entity, its attributes, and it relationships to the other entities. State any assumptions you make. Also Describe your usage of the mailing list, including the dates and subjects of the postings.

Main reasons for it project failure : What are the main reasons for IT project failure? What is the most important thing that management can do to increase the likelihood of IT project success?

Assume the effects on salaries and employment : Assume the effects on salaries and employment of such agreements. Also, indicate some of the reasons why they may be difficult to enforce.

Find a commercial or shareware product : Find a commercial or shareware product, explain how it works, and discuss its security.

Explain mixed accounting : Explain Mixed Accounting and Explain how should Defiance account for the initial sale of the season tickets

Make a database in ms access : create a database in MS Access and a set of reports to support a business . The following business rules should be addressed.

Impact of your organizations reward system : How does your organization motivates and rewards employees, and assess the impact of your organizations reward system on organizational performance.

Discussion of terrorist as victim : Discuss in detail how terrorism creates "indirect" victims. Include a discussion of the terrorist as victim. Please include references and two articles on terrorism.

Explain how have these policies affected the employment : Explain how have these policies affected the employment rates for the housing industry.

User Account

All Pages