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Please show me how to work these problems Laptop Inc obtained their first loan for $250,000 with an 8% interest rate. Laptop Inc. estimates that they will have net income of $165,000. As a not for profit, they do not pay income taxes. The company has total stockholders’ equity of $425,000.
1. What is Laptop, Inc.’s times interest earned ratio?
2. What is Laptop Inc debt to equity ratio?
The calendar year partnership started business in September 2011. Describe how all these initial expenses are treated by the partnership.
If the machine was used to produce and sell 120,000 units in 2008, what would the depreciation expense be under the units of production method?
Marco Corporation purchased equipment costing $300,000 on September 1, 2014. The equipment has an estimated useful life of nine (9) years with an estimated salvage of $10,000. Marco has a December 31 year-end. Calculate the following, showing all of ..
Evaluate the profitability of each product after allocating joint costs.
capital structure decisions1.nbspthe cost of capital for a project depends primarily on thea. firms overall source of
Prepare an ending trial balance at December 31, 2005, prepare an income statement for Lloyd Christmas for 2005 and prepare a statement of owners' equity for the year ended December 31, 2005.
The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $10,000 in advertising costs. What is contribution margin per ticket?
1. prepare entries to record the following transactionsa a 5000 cash investment made by the owner of a business.b 1700
The best capital budgeting method for ranking investment projects of different dollar amounts is the:
What is some tax consequences related to a qualified pension plan? Employer contributions are deductible when made. Earnings on the contributions are taxable to the employee. Employees are not taxed until distributions are received from the plan.
Do you think the company's poor disclosure prior to 1983 made it vulnerable to the attack by Barron's? Would market reaction to Barron's article have been different if the company had a better disclosure policy?
On June 30, 2012, prepare the adjusting entry to record any necessary fair value adjustment to its portfolio of trading securities.
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