User Account

All Pages

What is the adjusting entry on december for swifty cruises

Assignment Help Financial Accounting
Reference no: EM133010441

Problem 1: Swifty Cruises purchased a five-year insurance policy for its ships on April 1, 2020 for $51200. Assuming that April 1 is the effective date of the policy, the adjusting entry on December 31, 2020 is?

Reference no: EM133010441

Questions Cloud

Draw on relevant concepts developed : Draw on relevant concepts developed in the first seven weeks of the unit including personal agency, professional responsibility, corporate integrity
Which is consistent with this trade credit : Which is consistent with this trade credit? Don Baker, Inc., is a precision tool manufacturer. The company recently began selling its tools to customers outside
Which is not true regarding bonds : When calculating free cash flows, which of the statements is NOT true regarding the depreciation? Which is NOT true regarding bonds?
Compute what is the average inventory held during the year : What is the average inventory held during the year including safety stock if the store insists on a 6 days safety stock (assume 365 days a year)?
What is the adjusting entry on december for swifty cruises : Swifty Cruises purchased a five-year insurance policy. Assuming that April 1 is the effective date of the policy, the adjusting entry on December 31, 2020 is?
Why do you think bank of america''s and mbna''s cultures : Why do you think Bank of America's and MBNA's cultures appeared to mesh, rather than clash - Do you think culture is important to the success of a merger
How much willing to pay for share of stock for kensey inc : Kensey, Inc. will pay an annual dividend of 1.85 next year. How much are you willing to pay for one share of this stock if you require a 14 percent return?
What would be the intrinsic value of the stock : The industry average P/E ratio is 15.87. What would be the intrinsic value of the stock and is the stock overpriced or underpriced in the market right now
What is project free cash flows for years zero through five : What is this project's Free Cash Flows (FCF) for years 0 through 5? Automaton, Incorporated (Automaton) is a small, U.S. publicly-traded software company.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute what must the interest rate be

At the end of 8 years. Today, you deposit $10,000. You make an additional 5 yearly deposits growing at 5 percent. What must the interest rate be?

  Calculate firms after-tax weighted average cost of capital

Calculate the firms after-tax Weighted Average Cost of Capital - Compare the firm's capital structure with at least one other firm operating within a similar

  Discuss how to avoid making suboptimal decisions

describe how to avoid making suboptimal decisions. Your discussion should be supported by research and real world examples.

  Discuss the translation process that will occur

Discuss the translation process that will occur so that these subsidiaries can be included in the consolidated financial statements of Wesfarmers Ltd.

  What is total amount of revenue cure all ltd can recognise

The contracts totalled $1,000,000 of revenue,What is the total amount of revenue Cure All Ltd can recognise at the end of the first SIX months of the contract?

  Prepare appropriate entries for mid-south urologists group

Rand Medical manufactures lithotripters. Lithotripsy uses shock waves instead of surgery to eliminate kidney stones. Physicians' Leasing purchased a lithotripter from Rand for $1,940,000 and leased it to Mid-South Urologists Group, Inc., on January 1..

  How managerial accounting help managers to improve operation

How either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational

  What would the spending variance be for the total

$125,000 for 11,000 lounge chairs produced, what would the spending (flexible budget) variance be for the total manufacturing overhead?

  What the appropriate adjusting entry for the policy will be

On December 31, 2020 the appropriate adjusting entry for this policy (assuming no other entries have been made for the policy since October 1) will be

  Aviance produces two products

Aviance produces two products: hammers and screw drivers. Demand for both products is almost equal; however, the company has only 50 hours of machine time remaining in the month before the machine must be shut down for maintenance.

  What is the basis of each asset

Martin Company bought land with an FMV of $20,000, a building with an FMV of $70,000, and equipment with FMV of $10,000 at an estate auction for a lump sum payment of $60,000. What is the basis of each asset.

  Separate loan that she used to construct the repair shop

Jie owns a lawn mower repair business. Her repair shop is in a building she con- structed on the lot on which her personal residence is located. How should Jie account for each of the following? Interest paid on her home mortgage, $9,200. Interest of..

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd