Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Lola Pérez, sole proprietor of a hardware business, decides to form a partnership with Petra Hammer. Lola's accounts are as follows:
Book Value
Market Value
Cash
$40,000
Accounts Receivable (net)
70,000
65,000
Inventory
150,000
135,000
Land
100,000
120,000
Building (net)
500,000
540,000
Accounts Payable
40,000
Mortgage Payable
145,000
Petra agrees to contribute $150,000 for a 30% interest on the new business.
Required - Journalize the entries to record (a) Lola's investment and (b) Petra' investment in a General Journal form.
Calculate the quarterly compounding interest rate charged on the loan if $32,701.50 was repaid at the beginning of every 6 months and the loan was paid
Calculate Willys expected return and standard deviation. Business is booming at Willys pot farm we expect that his annual return will be either 25%
The equipment's fair value at December 31, 2018, is $5.98 million. Prepare the journal entry, if any, to record the increase in fair value.
Prepare a schedule with the following four column (account) headings: Land, Land Improvements, Building, and Equipment. Place each of the above expenditures in the appropriate column.
Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit account titles are automatically indented)
Norley Co. is contemplating adding debt to its capital structure. Up to now, the firm's $800,000. Should Norley undertake the bond issue? Explain.
Leia is opening an elite, What are the breakeven number of pets that Leia has to groom in a month and what would be the total monthly sales?
For the transactions not recorded in the General Journal, indicate the correct journal of original entry. Record the appropriate transactions in the General.
Invested at 4.2% per year compound monthly, what monthly payment will you receive from an ordinary annuity if your life expectancy is to age 95?
Find what is the amount of ending inventory that should be reported on the company's balance sheet? Under the lower of cost or net realizable value method
If the corporate tax rate is 35%, what is the value of the firm? What will the value be if Haji Real Estate borrows Br. 15,000 and uses proceeds to repurchase
The reciprocal account in the separate income statement, What is the total goods available for sale recorded in the branch's books at the end of 2016?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd