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Problem 1: A company has a petty cash fund amount of $400. When replenished, it has petty cash tickets of $32 for gas expense, $31 for postage expense, $10 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for? ________.
a. $85b. $73c. $63d. $75
The current share price of the company is £8.00. What will be the theoretical value of the rights attached to each original share?
Determine the after-tax cash flows and the net present value of the cash outflows under each alternative with clear explanation
Find the net cash used for investing activities for the year ended 30 June 20X1. Accumulated depreciation for equipment that was sold: $310,000
Legend Service Center just purchased an automobile hoist for $32,500. The hoist has an 8-year life and an estimated salvage value of $3,470. Installation costs and freight charges were $3,580 and $840, respectively. Compute the cash payback period fo..
A company has retained earnings of $94,000 as of December 31, 2014. What will the projected retained earnings account be as of December 31, 2015?
On January 1, 2004, Jeff decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2004?
A company issues a 10 year 7.5% $1 million dollar bond which pays interest semi-annually. The issue price is $966,024.18 Using the effective interest method, how much of the discount is amortized in the first year on the bonds term?
Further assume the market value of equity is $200 million and the market value of debt is $100 million. What is the firm's weighted average cost of capital
Determine the earnings per share on common stock, assuming income before bond interest and income tax is $2,000,000 and enter answers in dollars and cents, rounding to the nearest whole cent.
Most Company has an opportunity to invest in one of two new projects. Project Y requires a $350,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $350,000 investment for new machinery with a three-year ..
Carolina Furniture World is required by law to collect and remit sales taxes to the state. If Furniture World has $78,000 of cash sales that are subject to a 6% sales tax and a gross margin percentage of 40%, what are the journal entries to record th..
Calculates and summarizes the expense AND ending liability associated with the SARs for 2008 and 2009. Prepare the entry to record compensation expense for 2009
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