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Force Company issued $2,000,000 of 3%, 10-year bonds at 98 1/4. Interest is paid annually and the straight-line method is used for amortization.
a. What amount was received for the bonds?
b. What is the amount of discount amortized each year?
c. How much interest is expensed each year?
d. How much interest is paid each year?
e. What is the carrying value of the bonds after the first interest payment?
Can you think of an instance when a capital project projection might satisfy the hurdle-rate requirements, but the project would be rejected anyway? What other criteria impact the decision?
The marketing manager has recommended that the selling price be increased by 25%, with an expected decrease of only 8% in unit sales. What would be the company's net operating income if the marketing manager's recommendation is adopted?
Better Food Company recently acquired an olive oil processing company that has an annual capacity of 2,000,000 liters and that processed and sold 1,400,000 liters last year at a market price of $4 per liter.
Prepare adjusting journal entries for the following and note the year-end balance in the allowance account. The allowance for uncollectible accounts has a $740 credit balance prior to adjustment.
If Dizbert Company concluded that an investment originally classified as available for sale would now more appropriately be classified as held to maturity, Dizbert would:
An entity that is a franchiser in the quick-service restaurant business also operates company-owned restaurants that are unprofitable in a certain region and, as a result, the entity decides to exit both the quick-service business as well as the c..
Projected sales for December, January, and February are $60,000, $85,000 and $95,000, respectively. The February expected cash receipts from all current and prior credit sales is:
most of the companys sales are from has been a standard in the industry for several years the market for this product
Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods.
Sidney purchased land in 2004 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America for use as a site for a summer camp. The market value of the land at the date of contribution is $40,000. ..
Would a regular quarterly announcement of earnings-per-share which is "good" be an example of signaling? What about early adoption of a new accounting standard that would reduce income?
A primary characteristic that distinguishes governmental entities from business entities is:
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