Reference no: EM132158540
Questions -
1) On September 1, 2018, Daylight Donuts signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2019. Daylight Donuts should report interest expense at December 31, 2018, for:
A) $0.
B) $1,500.
C) $3,000.
D) $4,500.
2) On December 1, 2018, Old World Deli signed a $300,000, 5%, six-month note payable with the amount borrowed plus accrued interest due six months later on June 1, 2019. Old World Deli records the appropriate adjusting entry for the note on December 31, 2018. What amount of cash will be needed to pay back the note payable plus interest on June 1, 2019?
A) $300,000.
B) $301,250.
C) $306,250.
D) $307,500.
3) Camp Elim obtains a $125,000, 6%, five-year loan for a new camp bus on January 1, 2018. If the monthly payment is $2,416.60, by how much will the carrying value decrease when the first payment is made on January 31, 2018?
A) $1,791.60
B) $625.00
C) $2,416.60
D) $1,000.60
4) Some Company purchased a piece of equipment by paying $5,000 cash. They also incurred a shipping cost of $400 to get the equipment to its factory. The fair value of this equipment is $7,000. For what amount should Bad Brads BBQ record the equipment?
A) $5,000.
B) $5,400.
C) $7,000.
D) $7,400.
|
Explains basic concept and process of revenue recognition
: Explains the basic concept and process of revenue recognition under the new IFRS standard. How to account for subscription-based revenue
|
|
Hardware of another company to store
: A company relies upon the hardware of another company to store its sensitive data. It asked an insurance company to cover the cost of a cyber attack
|
|
Explain what CSR is
: What aspects of corporate social responsibility would you recommend they incorporate into its strategic plan? Support your rationale from your research
|
|
Viable risk management tool
: Some observers believe we can never predict the likelihood of a cyber attack. Thus, insurance is not a viable risk management tool to transfer cyber risk.
|
|
How much will the carrying value decrease
: If the monthly payment is $2,416.60, by how much will the carrying value decrease when the first payment is made on January 31, 2018
|
|
What are some advantages to a company
: First, spend a couple of sentences summarizing the Concepts in Action video you watched this week. Then, answer the following. In the Concepts in Action video.
|
|
What is the probability that a car will get
: The miles-per-gallon obtained by the 1995 model Q cars is normally distributed with a mean of 22 miles-per-gallon, What is the probability that a car will get
|
|
Best place to go for cyber insurance coverage
: Some people think Lloyd's of London is the best place to go for cyber insurance coverage. Do you agree?
|
|
Prepare a presentation for john and michael
: With the assessment process almost over, you feel like it is time to inform, John and Michael, of common problems associated with supply chain management.
|