Cullumber Company issued $445,000, 15-year, 8% bonds at 96. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 enter an account title to record the sale of these bonds on January 1, 2017enter an account title to record the sale of these bonds on January 1, 2017 enter a debit amountenter a debit amount enter a credit amountenter a credit amount enter an account title to record the sale of these bonds on January 1, 2017enter an account title to record the sale of these bonds on January 1, 2017

Answers

Answer 1

Answer:

Dr Cash $427,200

Dr Discount on Bonds payable $17,800

Cr Bondss payable $445,000

Explanation:

Preparation of the journal entry to record the sale of these bonds on January 1, 2022

Dr Cash $427,200

($445,000 × 0.96)

Dr Discount on Bonds payable $17,800

($445,000-$427,200)

Cr Bonds payable $445,000

(Being to record the sale of the bond )


Related Questions

The failure rate for each component of a 2-component series system is assumed to be one failure per 1,000 hours of operation, and the switch reliability of replacing a failed component with a spare one is 1.0. Given that there is a spare component, a. Calculate the reliability of the system for a period of 1,000 hours assuming no other failure is possible. b. Determine the approximate MTBF of the system. c. What is the system MTBF without the spare component

Answers

Answer:

a. The reliability of the system for a period of 1,000 hours, assuming no other failure is possible is:

= 99.9%.

b. The approximate MTBF (Mean Time Between Failures) without the spare component is:

1,000 hours.

Explanation:

a) Data and Calculations;

Failure rate of each component of a 2-component series system = 1/1,000 = 0.001

Therefore, the reliability rate = 1 - 0.001 = 0.999 = 99.9%

The switch reliability of replacing a failed component with a spare one = 1.0

The system's reliability = Mean Time Between Failure (MTBF) minus the Mean Time to Repair (MTTR)

= 1,000 - 1.0 = 999 hours out of 1,000

b)The equipment's Mean time between failures (MTBF) is the average time it takes the equipment or system to suffer a breakdown.  Engineers, vendors, and system analysts use the MTBF metric to measure an equipment's performance, safety, and design reliability.

Question 1: Ron Knuckle set up a business selling keep fit equipment, trading under the name of Buy Your Biceps Shop. He put $7.000 of his own money into a business bank account (transaction A) and in his first period of trading, the following transactions occurred. Transactions:
B: Paid rent of shop for the period: $3.500.
C: Purchased equipment (inventories) on credit: $5.000.
D: Raised loan from bank: $1.000.
E: Purchase of shop fittings (for cash): $2.000.
F: Sales of equipment cash: $10.000.
G: Sales of equipment, on credit: $2.500.
H: Payments for trade accounts payable: $5.000.
I: Payments from trade accounts receivable: $2.500.
J: Interest on loan (paid): $100.

Required: Identify the debit, the credit entries and the amount in the above transactions

Answers

Answer:

Explanation: YOU WOULD GET 300,000

Last year Rennie Industries had sales of $270,000, assets of $175,000 (which equals total invested capital), a profit margin of 5.3%, and an equity multiplier of 1.2. The CFO believes that the company could reduce its assets by $51,000 without affecting either sales or costs. The firm finances using only debt and common equity. Had it reduced its assets by this amount, and had the debt/total invested capital ratio, sales, and costs remained constant, how much would the ROE have changed? Do not round your intermediate calculations. a. 3.03% b. 3.07% c. 4.04% d. 4.52% e. 4.08%

Answers

Answer:

c. 4.04%

Explanation:

Calculation to determine how much would the ROE have changed

First step is to Calculate last year Last year profit

Last year profit = $270,000 × 5.3%

Last year profit = $14,310.00

Second step is to calculate Last year equity

$175,000/Last year equity = 1.2

Last year equity = $175,000/1.2

Last year equity= $145,833.33

Third step is to calculate Last year ROE

Last year ROE = $14,310.00/$145,833.33

Last year ROE= 0.0981*100

Last year ROE= 9.81%

Fourth step is to Calculate New asset value

New asset value = $175,000 - $51,000

New asset value = $124,000

Fifth step is to calculate Equity after asset reduction

Equity after asset reduction = $124,000/1.2

Equity after asset reduction = $103,333.33

Sixth step is to calculate ROE after asset reduction

ROE after asset reduction = $14,310.00/$103,333.33

ROE after asset reduction =0.1385*100

ROE after asset reduction =13.85%

Now let calculate amount of change in ROE

Using this formula

Change in ROE = ROE after asset reduction - Last year ROE

Let plug in the formula

Change in ROE = 13.85% - 9.81%

Change in ROE = 4.04%

Therefore how much would the ROE have changed is 4.04%

Juan works for you in the Customer Service Department. He hates answering incoming customer calls and prefers to respond to customer emails. Juan is scheduled to answer the phones today and insists that you let him switch with Shawna, who is assigned to e-mail duty. Although you have refused to allow Juan to switch schedules in the past, you agree to do so today. What is your style for handling this conflict

Answers

Answer:

Accommodating Style

Explanation:

It is correct to say that the style of accommodation was chosen to deal with the conflict exposed in the question above. This style understands that a party agrees to meet a person's needs for the sake of the relationship.

Accommodation in conflict resolution can be effective when the final result will not be as impacted by what you want to accept, as in the case of the question, since the change in the roles of Juan and Shawna will not affect the final result.

Cora purchased a hotel building on May 17, 2020, for $3,000,000. Determine the cost recovery deduction for 2021. a.$76,920 b.$69,000 c.$48,150 d.$59,520

Answers

Answer: $76920

Explanation:

Firstly, we should note that the hotel building is simply non residential and then qualifies to be part of 39 year property.

Then, the cost of recovery will be:

= 1/39 × Cost of the hotel

= 1/39 × $3,000,000

= $76,920

Therefore, the cost recovery deduction for 2021 is $76,920

Rankine Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various age groups of the accounts. Rankine calculated a total of $9,600 in possible credit losses as of December 31. Accounts Receivable has a balance of $307,200, and the Allowance for Doubtful Accounts has a credit balance of $1,200 before adjustment at December 31

Required:
What is the net amount of accounts receivable that should be included in current assets?

Answers

Answer:

Date  Account titles and Explanation    Debit      Credit

         Bad Debt Expense                         $8,400

                  Allowance for doubtful account            $8,400

                  ($9,600 credit required - $1,200 already existing)

         (To record bad debt expenses)

Particulars                                               Amount

Account receivables                               $307,200

Less: Allowance for doubtful account   $9,600

Net amount of accounts receivable     $297,600

Assign each of the following to the correct category: A full-time college studentmultiple choice 1 Employed Unemployed Not in the labor force An accountant working full timemultiple choice 2 Employed Unemployed Not in the labor force A web developer working 20 hours/weekmultiple choice 3 Employed Unemployed Not in the labor force A recently laid-off factory worker looking for a jobmultiple choice 4 Employed Unemployed Not in the labor force A stay-at-home parentmultiple choice 5 Employed Unemployed Not in the labor force A recent college graduate looking for a jobmultiple choice 6 Employed Unemployed Not in the labor force

Answers

Answer:

Assignment to the correct category:

1. A full-time college student  Not in the labor force

2. An accountant working full time  Employed

3. A web developer working 20 hours/week   Employed

4. A recently laid-off factory worker looking for a job  Unemployed

5. A stay-at-home parent  Not in the labor force

6. A recent college graduate looking for a job  Unemployed

Explanation:

An employed person is one who is actively engaged in a paid job.  Some unemployed persons are those who are actively seeking for jobs.  This implies that a person, who is not actively engaged in a paid job or actively seeking for a job, is not in the labor force.

Use T-accounts to record the transactions below, which occur on March 12, 2020, close the T-accounts, and construct a balance sheet to answer the question. 1. Purchase equipment for $50,000 in cash 2. Borrow $67,000 from a bank 3. Issue $80,000 in stock 4. Buy $16,000 worth of manufacturing supplies on credit 5. Pay $7,000 owed to a supplier What is the final amount in Total Equity?

Answers

Answer:

Stock Issue $80,000

Less : Purchase of equipment $50,000

Add: Borrowing from bank $67,000

Less: Manufacturing Supplies $16,000

Less: Payment to Supplier $7,000

Ending Balance $83,000

Explanation:

Total equity is the part of a business which is the main financing source. Liabilities are deducted from assets to derive equity of a business. Equity is the main source of financing for any business. Equity can be raised from various means, borrowing, stock issues, cash investments and other similar transactions.

During 2018, TRC Corporation has the following inventory transactions.
Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 48 $40 $1,920
Apr. 7 Purchase 128 42 5,376
Jul. 16 Purchase 198 45 8,910
Oct. 6 Purchase 108 46 4,968
For the entire year, the company sells 427 units of inventory for $58 each.
Required:
1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Jan. 1 Beginning inventory 48 $40 $1,920

Apr. 7 Purchase 128 42 5,376

Jul. 16 Purchase 198 45 8,910

Oct. 6 Purchase 108 46 4,968

For the entire year, the company sells 427 units of inventory for $58 each.

Ending inventory units= 482 - 427= 55

1)

Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units remaining in inventory.

Ending inventory= 55*46= $2,530

COGS= 48*40 + 128*42 + 198*45 + 53*46= $18,644

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,644= $6,122

2)

Under the LIFO (last-in, first-out) method, the ending inventory is calculated using the cost of the firsts units remaining in inventory.

Ending inventory= 48*40 + 7*42= $2,214

COGS= 108*46 + 198*45 + 121*42= $18,960

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,960= $5,806

3)

First, we need to calculate the weighted-average cost:

weighted-average cost= (40 + 42 + 45 + 46) / 4= $43.25

Ending inventory= 55*43.25= $2,378.75

COGS= 427*43.25= $18,467.75

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,467.75= $6,298.25

Emilio works in Finance. He collaborates with Real Estate Agents and title companies to help people qualify for home loans. In which career does Emilio work?

Mortgage Brokering

Insurance Sales

Tax Preparation

Financial Management

Answers

Answer:

Mortgage Brokering

Answer:

Mortgage Brokering

Explanation:

Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) check all that apply Ownership rights cannot be easily transferred. Owners have unlimited liability for corporate debts. Capital is more easily accumulated than with most other forms of organization. Corporate income that is distributed to shareholders is usually taxed twice. It is a separate legal entity. It has a limited life. Owners are not agents of the corporation.

Answers

Answer:

Following are the responses to the given question:

Explanation:

In point a, it is false because the ownership of a stock owned by shareholders is directly adaptable by sale.In point b, it is false because the corporate bosses have no responsibility. A corporate company is an organizationIn point c, it is true because This company is going on a broad-based business. Its necessary capital is enormous but is obtained from three sources.In point d, it is true because the company money is calculated twice in normal conditions, except for where tax-deductible is declared for both the dividends in shareholders' hands.In point e, it is true because Its company's legality is distinct from those of its owners. That both companies, as well as the owner, are separate legal entities. Firms have a common seal as well as their titles.In point f, it is false because UNLIMITED was its life of corporates and the foundation of the 'Moving Concern' idea.In point g, it is true because the actual owner isn't a business agent. They're only the owner that gives money.

Assume the following: The standard labor rate per hour is $17.00. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 44,000 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance

Answers

Answer: $17,000

Explanation:

Labour efficiency variance = Standard rate * (Standard hours - Actual hours )

Standard hours:

= Standard labor-hours allowed per unit * Number of units produced in period

= 3 * 15,000

= 45,000 hours

Labor efficiency variance = 17 * (45,000 - 44,000)

= $17,000 Favorable

Favorable because the standard amount is higher than the actual amount.

This company purchased a truck at a cost of $12,000. The truck has an estimated residual value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2019, and was used 27,000 hours in 2019 and 26,000 hours in 2020. Refer to Flower Power. If the company uses the double-declining-balance depreciation method, what amount is the depreciation expense for 2020

Answers

Answer:

Annual depreaciation 2020= $2,400

Explanation:

Giving the following information:

Purchase price= $12,000

Salvage value= $2,000

Useful life= 5 years

To calculate the depreciation expense under the double-declining balance, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2019:

Annual depreaciation= 2*[(12,000 - 2,000) / 5]

Annual depreaciation= 4,000

2020:

Annual depreaciation= 2*[(10,000 - 4,000) / 5]

Annual depreaciation= $2,400

Given the information below, answer the following two questions. Firm A Firm B Q 1000 1000 P 1 1 V 0.7 0.2 FC 200 700 A given change in Q will result in a larger change in EBIT for Firm ___ A. A B. B C. More information is needed to answer this question

Answers

Answer:

Firm A and Firm B

C. More information is needed to answer this question

Explanation:

a) Data and Calculations:

          Firm A      Firm B

Q           1000        1000

P               1              1

V             0.7           0.2

Contr      0.3           0.8

FC         200         700

EBIT       100          100

b) More information is certainly required to answer this question.  Specifically, the direction of the given change in Q is not indicated.  The answer will become clearer with this information.  The question to ask is this: is the given change in Q an increase or a decrease?

Von Bora Corporation is expected pay a dividend of $1.40 per share at the end of this year and a $1.50 per share at the end of the second year. You expect Von Bora's stock price to be $25.00 at the end of two years. Von Bora's equity cost of capital is 10%. The price you would be willing to pay today for a share of Von Bora stock, if you plan to hold the stock for two years is closest to:

Answers

Answer:

Price of share today = $23.17

Explanation:

The value of a stock using the dividend valuation model, is the present value of the expected cash inflows discounted at the required rate of return. The required rate of return is the cost of equity.

The cost of equity is 10% in this scenario

The price of the share will be determined as follows:

                                                                                  $

Present value of Dividend in yr 1 = 1.40× 1.1^(-1)=    1.27

Present value of Dividend  in yr 2 = 1.50 × 1.1^(-2)=1.24

Present value of share in yr 2 = 25× 1.1^(-2) =       20.66

Present value of total  cash inflow                         23.17

Price of share today = $23.17

Stocks are considered as a financial instruments that represents a firm's ownership stake. Stocks are tool for investors to grow their money and surpass inflation over time.

 

The computation of the capital gain for the first year is shown below;

Current value = Future dividend and value × Present value of discounting factor(rate%, time period)

= $1.4 ÷ 1.1  + $1.5 ÷ 1.1^2 + $25 ÷ 1.1^2

= $23.15

Hence, the capital gain for the first year is $23.15

To know more about stock, refer to the link:

https://brainly.com/question/24086308

Dellarocco Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead $ 355,740 Budgeted hours 49,000 labor-hours Actual fixed manufacturing overhead $ 372,740 Actual hours 45,600 labor-hours The fixed overhead budget variance is:

Answers

Answer:

the fixed overhead budget variance is $17,000 unfavorable

Explanation:

The computation of the fixed overhead budgeted variance is shown below:

= Budgeted overhead - actual overhead

= $355,740 - $372,740

= $17,000 unfavorable

Since the budgeted overhead is less than the actual overhead so it is an unfavorable variance

Hence, the fixed overhead budget variance is $17,000 unfavorable

Performance management includes standards for measuring how well
individual performance supports the company's goals, practices for
measuring performance against those standards, and .

O A. procedures for giving feedback to employees

0 B. preparation for moving into managementjobs

O C. hands-on learning methods

0 D. presentations by a trainer

Answers

the answers A, procedures for give feedback to employees.

Performance management includes standards for measuring how well individual performance supports the company's goals, practices for measuring performance against those standards, and procedures for giving feedback to employees.

What is an employee?

A worker or manager who works for a business, group, or community is referred to as an employee. The organization's personnel consists of these people. There are various types of employees, but in general, any individual engaged by an employer to do a specific task in exchange for remuneration is considered an employee.

An employee benefit plan known as a pension is one that offers retirement income or postpones income until the end of covered employment or beyond. It may be developed or managed by an employer, an employee group (such as a union), or both.

The process of ensuring that a set of actions and outputs achieves the objectives of an organization effectively and efficiently is known as performance management. Performance management can be used to evaluate an employee, a department, a whole business, or the systems in place to handle certain tasks.

Therefore, Thus option (A) is correct

Learn more about employees here:

https://brainly.com/question/10369837

#SPJ2

People most commonly buy the services of a tattoo artist on the weekends. To encourage people to use their services on weekdays, many tattoo artists adjust prices to influence demand. In other words, they use differing prices to lessen the problems related to the _____ of services.

Answers

Answer:

C) perishability

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION BELOW

A) intangibility

B) inseparability

C) perishability

D) variability

E) responsiveness

From the question we are informed about some People who most commonly buy the services of a tattoo artist on the weekends. To encourage people to use their services on weekdays, many tattoo artists adjust prices to influence demand. In this case, they use differing prices to lessen the problems related to the perishability of services. Perishability of service can be regarded as marketing terms that give description about service that is not capable of been saved, resold or even returned immediately it has been uaed,. Whenever the service is been rendered to a particular customer , it cannot be delivered again to another customer.

you have just purchased a new car! you made a down payment of $5,000 and financed the balance. According to the purchasing agreement, you must pay $600/month for four years, beginning one month from today. the credit agreement is based on an annual interest rate of 12%. what was the cost of the car

Answers

Answer:

Cost of car=$27,784

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.  

The monthly equal installment is calculated as follows:  

Monthly equal installment= Loan amount/Monthly annuity factor  

Loan amount =Balance payment= ?

Monthly annuity factor =  

=( 1-(1+r)^(-n))/r  

r- Monthly interest rate (r)  

= 12/12= 1%  

n- Number of months ( n) = 12× 4 = 48  

Annuity factor  

= ( 1- (1.01)^(-48)/0.01= 37.97

Total payments= 600 × 37.973

= $22,784.37

Cost of car = Down payment and the present value of balance

= 5,000+ 22,784.3=$27,784

Which of the following is/are true about kanban? A. The purpose of the kanban system is to ensure that parts are produced JIT to support subsequent processes. B. Some companies control the movement of the containers by using two types of kanban cards, production cards and withdrawal cards. C. Kanban cards take the place of shop paperwork used in traditional repetitive mass production. D. a and b are true

Answers

Answer:

c

Explanation:

¿?????????????????????????!!!!???????

Macmillan Toys Inc. is located in the nation of Ruffino near the nation of East Fenwick. Macmillan Toys is considering expanding into Rusalka. Both countries have similar consumer incomes and knowledge bases and share a common language. Also, the transportation networks between the countries are strong. Even so, the two nations have a long-standing dispute concerning the control of an area of land along their common border. Currently, Ruffino rules this land.

What would most likely prevent Macmillan Toys from expanding into Rusalka?

Answers

Answer: Political Distance

Explanation:

Political distance refers to a difference in opinion and policies as well as relations that countries have amongst themselves. In this scenario, this is the most likely bone of contention that would prevent Macmillan Toys from expanding into Rusalka.

This is because land disputes fall under political distance and can get very serious. So serious in fact that nations have gone to war over such disputes with the latest being Azerbaijan and Armenia. Macmillan Toys may therefore find it difficult to expand into the country due to this land dispute.

TaeHwan Company accrues bad debt expense during the year at an amount equal to 3% of credit sales. At the end of the year, a journal entry adjusts the allowance for uncollectible accounts to a desired amount based on an aging of accounts receivable. At the beginning of 2018, the allowance account had a credit balance of $18,000. During 2018, credit sales totaled $480,000 and receivables of $14,000 were written off. The year-end aging indicated that a $21,000 allowance for uncollectible accounts was required. TaeHwan's bad debt expense for 2018 would be:

Answers

Answer: $17000

Explanation:

TaeHwan's bad debt expense for 2018 would be calculated as the difference between the desired year end balance and the beginning balance written off. This will be:

= $21000 - ($18000 - $14000)

= $21000 - $4000

= $17000

Therefore, TaeHwan's bad debt expense for 2018 would be $17000.

Motorcycle Manufacturers, Inc. projected sales of 51,100 machines for the year. The estimated January 1 inventory is 6,460 units, and the desired December 31 inventory is 7,130 units. What is the budgeted production (in units) for the year

Answers

Answer:

51,770 units

Explanation:

With regards to the above, the budgeted production (in unit) for the year is computed as;

= Sales - Beginning inventory + Ending inventory

Given that ;

Sales = 51,100

Beginning inventory = 6,460

Ending inventory = 7,130

Budgeted production in units for the year = 51,100 - 6,460 + 7,130 = 51,770 units

Thermopolis, Inc. reported retained earnings of $490,953 on December 31, 2017. During the year, Thermopolis recorded net income of $135,075 and paid dividends of $57,762. The company had no other transactions that affected retained earnings. What must retained earnings have been on December 31, 2016

Answers

Answer:

the Opening retained earning balance is $413,640

Explanation:

The computation of the retained earnings have been on December 31, 2016 is shown below:

As we know that

Ending retained earning balance = Opening retained earning balance + net income - dividend paid

$490,953 = Opening retained earning balance + $135,075 - $57,762

$490,953 = Opening retained earning balance + $77,313

So, the Opening retained earning balance is $413,640

All details related to an employee's earnings deductions and net pay throughout the year would be found in

Answers

Answer:

All details related to an employee's earnings deductions and net pay throughout the year would be found in the individual earnings record.

Explanation:

A random Quizlet had the answer when I searched the question up lol

Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by changes in other product lines. 30% of the fixed costs are direct, and the other 70% are allocated. Results of June follow:

Sour Cream Ice Cream Yogurt Butter Total
Units sold 2,000 500 499 200 3,100
Revenue 10,000 20,000 10,000 20,000 60,000
Variable departmental costs 6,000 13,000 4,200 4,800 28,000
Fixed costs 7,000 2,000 3,000 7,000 19,000
Net income (loss) (3,000) 5,000 2,800 8,200 13,000
Required:
Prepare an incremental analysis of the effect of dropping the sour cream product line.

Answers

Answer:

Dropping Sour would lead to a net loss of $(1,900)

Explanation:

To determine whether or not it will be profitable to drop a loss making product, we compare the savings in fixed cost to the lost contribution from dropping it.

It is noteworthy that only the fixed cost attributed to the product would be saved should it be discontinued.

The incremental analysis is done as follows:

Direct fixed cost of Sour = 30%× 7,000 = 2,100

Lost contribution = sales value - variable cost = 10,000-6,000= 4,000

                                                                 $

Lost contribution                                      (4,000)

Savings in fixed cost                               2,100

Net loss in contribution                           (1,900)

Dropping Sour would lead to a net loss of $(1,900)

The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow:
Fees earned $975,760
Office expense 224,425
Miscellaneous expense 19,515
Wages expense 468,365
Accounts payable 24,395
Accounts receivable 68,300
Cash 256,740
Common stock 135,000
Land 312,000
Supplies 11,710
Cash dividends of $37,100 were paid during the year. Retained earnings as of June 1, 20Y5, were $263,000.
Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity.

Answers

Answer:

Paradise Travel Service

Balance Sheet as at May 31, 20Y6.

ASSETS

Non - Current Assets

Land                                                                      312,000

Total Non - Current Assets                                  312000

Current Assets

Supplies                                                                    11,710

Accounts receivable                                             68,300

Cash                                                                     256,740

Total Current Assets                                            336750

TOTAL ASSETS

EQUITY AND LIABILITIES

EQUITY

TOTAL EQUITY

LIABILITIES

Non - Current Liabilities

Total Non - Current Liabilities

Current Liabilities

Accounts payable                                                   24,395

Total Current Liabilities

TOTAL LIABILITIES

EQUITY

Common stock                                                     135,000

Retained Earnings                                               468,365

TOTAL EQUITY                                                     603365

TOTAL EQUITY AND LIABILITIES

Explanation:

Profit = Sales - Expenses

          = $975,760 - (224,425 + 19,515 + 468,365)

          = $263,455

Retained Earnings Calculation

Opening Balance                   $263,000

Add Profit for the Year          $263,455

Less Dividends                        ($37,100)

Ending Balance                      $489,355

1. Imagine yourself as a manager of a struggling local suburban regional shopping mall. What do you think the mall should do to improve its performance

Answers

Explanation:

There are several possibilities that can help a local suburban shopping mall in difficulty to improve its performance. Some options could be the hiring of surveys with the local community to identify consumption trends and preferences, as well as the search for the implementation of more anchor stores that are consistent with the financial situation and preferences of the target audience.

A shopping center also needs to have a lure for the public, something that differentiates it from competing stores, so another option for attracting customers would be to attract unique stores in the region to the mall, which are directly aligned with the values ​​and preferences of the community. An interesting option is also to hold regional fairs, small artist shows, thematic space for children, etc.

Zoom Enterprises expects that one year from now it will pay a total dividend of million and repurchase million worth of shares. It plans to spend million on dividends and repurchases every year after that​ forever, although it may not always be an even split between dividends and repurchases. If​ Zoom's equity cost of capital is and it has million shares​ outstanding, what is its share price​ today?

Answers

Answer:

The share price is $15.67 per share

Explanation:

The above mentioned question is missing few components. I have added them to explain on how the question would be solved if all the variables were provided. Please note the additions in bold text below. The answer of which is given afterwards.

Zoom Enterprises expects that one year from now it will pay a total dividend of $4.7 million and repurchase $4.7 million worth of shares. It plans to spend $9.4 million on dividends and repurchases every year after that​ forever, although it may not always be an even split between dividends and repurchases. If​ Zoom's equity cost of capital is 12.5% and it has $4.8 million shares​ outstanding, what is its share price​ today?

Solution mentioned below:

First we calculate the value of the enterprise by dividing the amount planned to be spent on dividends from cost of capital.

= $9.4 million / 0.125

= $75.2 million

Now to calculate price per share we divide the Enterprise value from the share outstanding.

= $75.2 million / $4.8 million

= $15.67 per share

The taxpayer is a Ph.D. student in accounting at City University. The student is paid $1,500 per month for teaching two classes. The total amount received for the year is $13,500. a.The $13,500 is considered a scholarship and, therefore, is excluded. b.The $13,500 is excluded because the total amount received for the year is less than her standard deduction and personal exemption. c.The $13,500 is taxable compensation. d.The $13,500 is excludible if the money is used to pay for tuition and books.

Answers

Answer: c. The $13,500 is taxable compensation.

Explanation:

The $13,500 received is to be considered a taxable compensation because amounts paid for teaching or research, even to students, should be included in the gross income calculation which makes it a taxable compensation.

There are some exceptions to this however such as income from the National Health Service Corps Scholarship Program, the Armed Forces Health Professions Scholarship and Financial Assistance Program but this does not apply here.

Other Questions
A spinner has the numbers 11-20 on it. What is the probability that it will land on a multiple of 3? H E L P- worth 85 points- will give brainliest-3. What are some values that are important to the people who live and work in the new nation? List at least three values and illustrate their importance with evidence from at least three readings. You should have at least one complete paragraph explaining each example. Discuss each example in its own complete paragraph. explain how inbreeding dogs for good or perfect trait also produces bad or disease traits as well Hey taylorwoods346 How you doing Fact Pattern: Mr. Bonet, a one-third partner, had a $12,000 basis in his partnership interest. Mr. Bonet withdrew from the ABC Partnership on January 1 of the current year when the partnership had the following balance sheet: Assets Basis FMV Cash $12,000 $12,000 Accounts receivable 0 30,000 Land 24,000 27,000 $36,000 $69,000 Equities Accounts payable $ 9,000 $ 9,000 Abbot, capital 9,000 20,000 Bonet, capital 9,000 20,000 Costell, capital 9,000 20,000 $36,000 $69,000 If Mr. Bonet received $20,000 cash in a liquidating distribution, what will he report as his gain or loss Read the thesis statement from a historical essay. Determine which type of claim the author is making (claim of fact, definition, policy, value, or cause and effect) and why the claim fits this designation. Finally, provide an example of the type of evidence the author should use to best support the claim. (4 points)Washington, D.C., should not become the 51st state, because making our nation's capital a state provides no economic benefits, nor did the Founding Fathers intend for it to ever become a state. Why do some liberals think the ACA did not go far enough?What do liberal critics of the ACA want to happen in the future?What do conservatives think of the ACA?What do conservative critics of the ACA want to happen in the future? Based on the text, which is true of the Statue of Liberty? HELP PLEASEI cant post the story cuz its too long soo just kinda guess A four-sided backyard is in the shape of a parallelogram and has two adjacent sides both with lengths of 30 feet. Which of the following must be true about the shape of the backyard? The concentration of A before the reaction below occurs is 0.069 M. If the concentration of A at equilibrium is 0.0276 M, what is the equilibrium constant? 2A (g) 2B (g) + C (g) Solve the given initial-value problem for yo > 0. dy = Vy, y(x) = Yo dx y(x) = (1 xo 2. 2 + Yo ) Find the largest interval I on which the solution is defined. both pictures go together What is the greatest common factor of12x3 + 6xy + 18x? Please help me! use the following set of data: 20, 28, 30, 6, 15,18, 21, 22, 25, 29, 24, and 26. What are the third and first quartiles of the data? What's the bond between two atoms of hydrogen? ANSWER QUICK PLZThe photo shows several Volvox, one of the simplest multicellular living things. Volvox have no tissues. What other three things do Volvox also likely lack? VoltaCar is a newly established company having technical collaboration with a leading German Electric Car company. They now are launching plans to enter the electric vehicles segment with a manufacturing unit in India. As a MIS consultant, apply the Porter's 5 forces model and indicate your recommendations. Select all that apply. Which of the following statement(s) is(are) true about the set container?a. It is an associative container.b. All the elements in a set must be unique.c. A set container is virtually the same as a size container.d. The elements in a set are automatically sorted in ascending order. Which of these terms would be more of an economic reference than a geographical reference?Deep SouthSouthern colonySunbeltNorthern hemisphere When disclosing a security vulnerability in a system or software, the manufacturer should avoid: