Reference no: EM133182828
Questions -
Q1) On November 1, 2021, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is for a six-month term and both principal and interest are payable at maturity. What is the balance of interest expense for the loan as of December 31, 2022?
Q2) Tummy Foods purchased a two-year fire and extended coverage insurance policy on August 31, 2021, and charged the $4,200 premium to Prepaid insurance. At its December 31, 2021, year-end, Tummy Foods would record which of the following adjusting entries?
Q3) Eve's Apples opened its business on January 1, 2021, and paid for two insurance policies effective that date. The policy for equipment damage was $36,000 for 18 months, and the crop damage policy was $12,000 for a two-year term. What is the balance in Eve's insurance expense as of December 31, 2021?
Q4) Willow rentals purchased office supplies for cash. the general journal entry made by willow rentals will include a: debit to accounts receivable. credit to willow, capital. debit to accounts payable. credit to cash credit to supplies.
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Record the payroll for May
: Stella Company payroll records for the month ended May 31, 2022 show the following details: Federal income taxes withheld 78,000. Record the payroll for May
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State main stages involved in preparing zero-based budgets
: State the main stages involved in preparing zero-based budgets. Explain the terms 'incremental budgeting' and 'zero-based budgeting'
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Journalize the first annual note payment
: On the first day of the fiscal year, a company issues $39,000, 10%, Journalize the first annual note payment
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Find the current stock price
: Grow-Now currently has a book value of equity of $100/share. Find the current stock price if the company keeps a constant payout policy of 40%
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What is the balance of interest expense for the loan
: The note is for a six-month term and both principal and interest are payable at maturity. What is the balance of interest expense for the loan as of December
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How many units will have to be sold in june
: Crane reported the following results from the sale of 5000 units in May: sales $370000, variable costs $250000, How many units will have to be sold in June
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What the anticipated cash inflow for the month of april
: The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, What the anticipated cash inflow for the month
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What is the projected dividend for the coming year
: The required return on this stock is 10%, and the stock currently sells for $76 per share. What is the projected dividend for the coming year
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What must be the new total net income of the firm
: Assume the price-earnings ratio remains constant. What must be the new total net income of the firm if the market price per share is to remain at $46
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