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Preparing general journal adjusting entries:
1. The interest accrued at 12/31 of this year on the note payable (current) of $65,000 at 12% needs to be accrued. You will need to calculate only one month's interest (previous months' interest have already been recorded). Interest will be paid next year.
2. A warehouse lease payment of $32,150 was made on Sept. 1 of this year for rental through Feb. 28th of next year. The amount was booked to prepaid rent on Sept 1. Adjust for the used up portion of prepaid rent for Sept to Dec of this eyar. Roudn to the nearest $1.
3. $4,120 is owed for utilities used through the edn of the eyar. The A/P balance goes to Naboo Utilities Co.
Blue lake inc has a $1000 par value, a 15 year bond outstanding with an annual coupon rate of 6.6% per year, paid semi annually. Market interest rates on similar bonds are 8.6%. Calculate the bonds price today
The Ski Pro Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis.
Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12.00 million. This investment will consist of $2.00 million for land and $10.00 million for trucks..
Discuss primary financial statements published by a corporation, the various classifications used in a balance sheet-What is the purpose of a Balance Sheet? What information does it provide?
During recent years your company has made considerable use of debt ?nancing, to the extent that it is generally agreed that the percent debt in the ?rm's capital structure is too high.
Suppose 1-year T-bills currently yield 7.00% and the future inflation rate is expected to be constant at 4.50% per year. What is the real risk-free rate of return, r*? Disregard any cross-product terms, i.e., if averaging is required, use the arithme..
Explain why the expansion of Sears, Roebuck & Co. into the financial services industry fails. Explain how the acquisition of NCR by AT&T is value-destructing.
The operating cost of a new machine is $500 for the first year. Starting the second year, the operating cost increases by $200 per year for the next 10 years. Calculate the equivalent annual operating cost of the machine. What will be the present and..
Describe the effect of the errors on the income statement and balance sheet and is this company profitable? How do you determine whether or not this is the case
a movie studio sells the latest movie on dvd to blockbuster at 10 per dvd. the marginal production cost for the movie
The risk-free rate is 3.6% and the required return on the market portfolio is 11.8%. A company that has just paid $1.80 per share in annual dividends has a beta of 0.9 and long-term growth rate of 5.2%. The dollar value of this stock is
The Christie Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash flow cycle. Christie’s sales last year (all on credit) were $150,000, and it earned a net profit of 6%, or $9,000...
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