She paid $500/cow. She paid $10,000 down and took out a 5 year loan with interest calculated using add-on interest for the rest of the cost of the land. Assume annual payments and 4% interest rate. What is the amount of total interest paid over the life of the loan? Answer: she paid $8000 over the life of the loan.
Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 • $7,500,000. • $5,500,000. • $3,500,000. • $9,500,000. Final Exam Answers just a click away ACC 291 Final Exam Multiple Choice
Week One Assignment Danielle Brown ACC 206: Principles of Accounting II (BAH1422B) Instructor: Jacob Burdick June 2, 2014 ACC 206 Week Assignment Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions, such as the exchange of common stock for a building for example, included on a statement of cash flows?
Asset / debit balance 2. Basic journal entries The following transactions pertain to the Jennifer Royall Company: May 1 | Jennifer Royall invested cash of $25,000 and land valued at $15,000 into the business. | 5 | Provided $1,000 of services to Jason Ratchford, a client, on account. | 9 | Paid $1,250 of salaries to an employee. | 14 | Acquired a new computer for $4,200, on account.
d. None of these. 7. The translation adjustment that results from translating the financial statements of a foreign subsidiary using the current rate method should be: a. included as a separate item in the stockholders' equity section of the balance sheet. b. included in the determination of net
Answer AR= 20x20000=400,000 3-2 Debt Ratio Vigo Vacations has an equity multiplier of 2.5. The company’s assets are financed with some combination of long-term debt and common equity. What is the company’s debt ratio? Answer Equity multiplier Asset /equity = 2.5/1 A=L+E 2.5=1.5=+1 Debt/asset = 1.5/2.5 = .6 3-3 Market/Book Ratio Winston Washers’s stock price is $75 per share. Winston has $10 billion in total as- sets.
A bond has a par value of $100,000 and pays interest revenues of $5,000 per year. This bond has a five-year life and a current market price of $98,000. Calculate the yield-to-maturity of this bond. (Points : 10) .3. An investor purchased call options for $2 per option.
King Corporation owns 80 percent of Lee Corporation's common stock. During October, Lee sold merchandise to King for $100,000. At December 31, 50 percent of this merchandise remains in King's inventory. Gross profit percentages were 30 percent for King and 40 percent for Lee. The amount of unrealized intercompany profit in ending inventory at December 31 that should be eliminated in the consolidation process is a.
27 Sold 1,200 shares of Black and Decker at $49.25 less a $735 commission. June 2 Purchased 2,500 shares of Merck stock at $72.50 per share plus a $3,890 brokerage fee. 14 Purchased 900 shares of Wal-Mart at $50.25 per share plus a $1,082 commission. 2004 Transactions in Trading Securities Jan. 28 Purchased 2,500 shares of Dell Co. stock at $39.50 per share plus a $2,356 commission. 31 Sold 2,500 shares of Merck at $71.25 per share less a brokerage commission of $2,356.
The computer system cost $12,000 and is normally sold by Shabbona for $15,200. Shabbona uses a perpetual inventory system. 4. Truck #4 has a list price of $14,000. It is acquired in exchange for 1,000 shares of common stock in Shabbona Corporation.