D. 13/12, or 1 1/12. 18. If you divide an inheritance of $45,600.00 among 22 heirs, each heir will receive A. $2,027.27. B.
5. (TCO B) In its first four years of operations ending December 31, Year 4, Alder, Inc.'s depreciation for income tax purposes exceeded its depreciation for financial statement purposes. This temporary difference was expected to reverse in Year 5, Year 6, and Year 7. Alder had no other temporary difference. Under U.S. GAAP, Alder's Year 4 balance sheet should
DSO = Receivables / Ave. sales per day Receivables= DSO * Ave. sales per day = 20 * 20,000 Receivables= $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? Debt ratio = 1 – (1 / Equity multiplier) Debt ratio = 1 – (1/2.5) = 1 - .40 = .60 Debt ratio = 60% (3-3) Market/Book Ratio: Winston Washers’s stock price is $75 per share. Winston has $10 billion in total assets.
A. 50,000 units B. 120,000 units C. 60,000 units D. 100,000 units 46. Data concerning Reynolds Corporation's single product appear below: [pic] The company is currently selling 6,000 units per month. Fixed expenses are $424,000 per month.
Round 689,652 to the nearest thousands a. 69,000 b. 700,000 c. 689,000 d. 690,000 3. Find the sum of 356, 481, 294, and 117. a. 1,248 b.
What was Brady Brothers cash basis income? Cash basis income: $6,000 (cash received) - $5,000 (cash paid) = Answer: $1,000 Question 3: What was Brady Brothers accrual basis income? Accrual basis income: $12,000 (revenue earned) - $8,000 (expenses incurred) = Answer: $4,000 Question 4: Anderson Company’s balance sheet at the end of the year revealed the following information: Clients owe Anderson Company $35,300 for completed projects. Anderson Company owns office equipment totaling $95,500. Anderson Company owns $5,000 of material used on various client projects.
Question: : (TCO D) A company issues $5,000,000, 7.8/%, 20-year bonds to yield 8% on January 1, 2010. Interest is paid on December 31. The proceeds from the bonds are $4,901,036. Using effective-interest amortization, how much interest expense will be recognized in 2010? 15.
Assets=Liabilities + Stockholder’s Equity (b) The total assets of Haldeman Company are $170,000 and its stockholder’s equity is $90,000. What is the amount of its total liabilities: $80,000 (c) The total assets of Dain Co. are $800,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Dain Co.’s stockholder’s equity? $600,000 BE1-9 At the beginning of the year, Fuqua Company had total assets of $800,000 and total liabilities of $500.000. (a) If total assets increased of $150,000 during the year and total liabilities decreased $80,000, what is the amount of stockholder’s equity at the end of the year?
2. Pablo purchased a lathe on January 1, 2009, at a cost of $45,000. At the time of purchase, the lathe was expected to have a five-year economic life and a residual value of $3,000. Pablo uses straight-line depreciation. At the beginning of 2011, Pablo estimated the
The net cash inflow and cash outflow are calculated using sales and production figures for the next 8 years. The unit cost from the first year is £0.89 which is the cost per mashing without depreciation and divided by 13,000 bottles. From this information provided, the cost will increase by 3.5% and also the selling price will increase by 4% every year (reference 4). These figures are based on the current rate inflation of 4% which is shown in appendix 9 The capital allowances are worked out on cased of 20% (Reference 5) and the annual investment allowance is £100,000 is available (Reference 6) in the first year which is restricted to £87,359. This figure is substrated from the acquisition giving a result of £332,641 which is the written down value.