Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Calculation of discount rate of the lender and passing journal entries.
Notes payable - discount basis. On August 1, 2009, Colombo Co's treasurer signed a note promising to pay $240,000 on December, 2009. The proceeds of the note were $232,000.
Calculate the discount rate used by the lender? Answer is 3.45% APR.
Write the journal entry to show the effects of (a) signing the note and the receipt of the cash proceeds on Aug 1, 2009. (b) Recording the interest expense for the month of September. (c) Repaying the note on December 31, 2009.
With regard to the resources dedicated to the acquisition of fixed assets that will be used in general government activities, which of the following is true?
Definition of Return on Investment and Cash Flow and identification of their role in finance
Determine the firm's cost of retained earnings and the cost of new common equity. and If Dempere's after-tax cost of debt is 8%, what is the WACC with retained earnings? With new common equity?
Evaluate the most profitable combination of products to be produced next year. Purpose an income statement using the contribution margin format for the product volume computed in 1.
The increase in volume will be large enough to require increases in fixed selling expenses and in general administrative overhead, but not in fixed manufacturing overhead.
What variable overhead cost could have been incurred to fill the orders for the 120,000 items? How much does this differ from the actual variable overhead cost?
Prepare the year-end entries for any amounts that could be recorded as a result of each of the above contingencies.
Organize journal entries to record the transactions. Purpose adjusting entries on December 31 to record accrued interest (daily interest is evaluated utilizing the 360 day method).
Since it was shipped as of 31 st December, does this represent a sale for the year ended on that date? What additional audit steps would be taken to evaluate that the sale is valid?
Describe why the cost of the pollution-control equipment was not expensed in 2007. What conditions would have allowed Merton to expense the equipment? If Merton has a choice, would it prefer to expense or capitalize the equipment?
Multiple choice questions on intangible assets, net income and ratios - classification errors by an accountant and would have an effect on net income of the current year?
Calculate the Earnings per share (EPS) for each level of sales, the expected EPS, the standard deviation of the EPS, and the coefficient of variation of EPS, assuming that there are $10,000 shares of common stock outstanding,
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd