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!
E1-2The ledger of Salizer Company at the end of the current year shows Accounts Receivable 110,000 , Sales 840,000, and sales Returns and Allowances 40,000.Instructions :A) If Allowances for Doubtful Accounts has a credit balance of 2,500 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1% of net sales, and (2) 10% of accounts receivable.B) If Allowance for Doubtful Accounts has a debit balance of 500.00 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 0.75% of net sales, and (2) 6% of accounts receivable.
E1-5Presented below are two independent situations.A) On March 3, Lisa Ceja Appliances sells $700,000 of its receivables to Horatio Factors Inc. Horatio Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Lisa Ceja Appliances' books to record the sale of the receivables.B) On May 10,Worthy Company sold merchandise for $4,000 and accepted the customer's Firstar Bank Mastercard. At the end of the day, the Firstar Bank Mastercard receipts were deposited in the company's bank account. Firstar Bank charges a 4% service charge for credit card sales. Prepare the entry on Worthy Company's books to record the sale of merchandise.
Discuss the differences between a direct-financing and a sales-type lease for a lessor? Why would a lessor provide direct-financing to a lessee?
Assume you're to receive a stream of annual payments (also called an "annuity") of $193,723 every year for three years starting this year. The interest rate is 4%. What is the present value of these three payments?
Divido Corp. Is an all-equity financed firm with the total market value of $100 million. The company holds $10 million is cash equivalents and has $90 million in other assets.
The capital asset pricing model (CAPM) relates the risk return trade-off of individual assets to market returns-Describe in detail the components of CAPM.
The market consists of the following stocks. Their prices and number of shares are as follows:
Essex Biochemical Co. has a $1,000 par value bond outstanding that pays 10% annual interest. The current yield to maturity on such bonds in the market is 7%.
Trentham product currently has $2,000,000 in account receivalbe and its days sales utstanding is thirty-three days. if accounts receivable comprises half of company's current assets and Trentham has $6,000,000 in net fixed assets
The Harley Health Club has asked you to review aspects of its financial condition, specifically its break even point and its use of leverage.
A resident of the US has a base income of $23,000 after adjustments for deductions. New legislation by Congress would tax this income at a rate of 11%.
Eleanor Spryzak has endowed her alma mater with a scholarship that is designed to pay out a sum of money to a worthy student every year forever.
Financial Analysis Toolbox (Portfolio Project) - This toolbox consists of a listing and representative examples of techniques used in the course to make meaningful financial decisions.
Explain how the Initial Public Offering (IPO) process works and its positive and negative aspects. Who benefits? How effective is the transfer of capital from savers to users (how much lost in the process)?
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