HW 2 Finance

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Colorado State University, Fort Collins *

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Finance

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Apr 3, 2024

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HW 2 JYﬂE_BQ@ut (?){http://www.acns.colostate.edulsingle-sign-on-using-shibboleth/#1471272725675-5603b487 -ebab) Due Oct 30 at 11:59pm Points 25 Questions 19 Available after Oct 23 at 8am Time Limit None Attempt History Attempt Time Score LATEST Attempt 1 66 minutes 24 out of 25 () Correct answers will be available on Oct 31 at 8am. Score for this quiz: 24 out of 25 Submitted Oct 30 at 3:53pm This attempt took 66 minutes. Question 1 1/1 pts You observe the following IBM annual returns over the last 3 years: 10%, -5%, 2%. What is the best description of this formula? .10—.05+-.02 3 T — r-bar is the arithmetic mean r-bar is the geometric mean r-bar is the variance r-bar is the standard deviation

Question 2 171 pts You observe the following IBM annual returns over the last 3 years: 10%, -5%, 2%. What is the best description of the formula shown below? .10—.05+.02 3 when answering this question. Assume 1 = (10 — 7)* (=05 — 7)*+(:02—7)" _ . = This is the sample variance This is the population variance This is the standard deviation This is the geometric mean Question 3 1/1 pts You observe the following IBM annual returns over the last 3 years: 10%, -5%, 2%. What is the best description of this formula? (1 +.10) (1 —.05) (1 +.02)](5) —1 This is the geometric return This is the arithmetic return This is the cumulative return over 3 years This is the additive return over 3 years

Question 4 171 pts Assume that your portfolio has an expected return of 22% and a standard deviation of returns of 41.6%. What is the 5% Value-at-Risk (VaR)? -46.22% —_— 0.22 - 1.64*0.416 = - 46.22% -23.15% 23.15% 46.31% Question 5 1.5/1.5 pts A stock has an expected return of 16% with a standard deviation of 0.20. Assume you can borrow and lend risk-free at 5%. Assume your portfolio can include this one risky asset and/or the risk-free investment. What is the expected return and standard deviation of a portfolio for an investor with 50% of her wealth in the risky asset and 50% in the risk-free investment? E[r] = 10.5%, sigma=10% ' E[r] = .5*.16 + .5*.05 = 10.5% E[r] = 10.5%, sigma=20% E[r] = 16%, sigma=10%

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E[r] = 16%, sigma=20% Question 6 1.5/1.5 pts A stock has an expected return of 16% with a standard deviation of 0.20. Assume you can borrow and lend risk-free at 5%. Assume your portfolio can include this one risky asset and/or the risk-free investment. What is the expected return and standard deviation of a portfolio for an investor with 150% of her wealth in the risky asset and the rest in the risk-free investment? E[r] = 21.5%, sigma=30% ' E[r] = 1.5*.16 + -.5*.05=21.5% - sigma = 1.5%/20 = 30% E[r] = 21.5%, sigma=9% E[r] = 16%, sigma=20% E[r] = 16%, sigma=30% Question 7 1.5/1.5 pts Assume the price of a Schwab Small-Cap index fund is $45 per share, the annual expected return is 16%, and the annual standard deviation is 0.25. Assume you have $10,000 of investment equity and that you want to buy the Schwab Small-Cap fund using your money and some of the broker's money such that your total expected annual return on your portfolio is 22%. Assume you can borrow at 7% annually. What is the portfolio weight in the Small-Cap index fund such that the expected return on your portfolio is 22%7

1.66 22 = w(.16) + (1-w)(.07) w = 1.6666 — -.666 Question 8 1.5/ 1.5 pts Assume that you have $10,000 of your own money in your account. Assume you use these funds and some margin to create a portfolio with investment weights of 1.4 in a risky asset and -.4 in a risk-free asset. How much money do you need to borrow? $4,000 410,000 = 4,000 The negative sign on the .4 indicates that you are borrowing J $7,143 $10,000 $14,000 Question 9 2/ 2 pts

A stock has an expected return of 20% with a standard deviation of 0.15. Assume you can borrow and lend risk-free at 5%. Assume you are considering investing in this one risky asset and/or the risk-free investment and considering different investment weights. The table below reports the expected return and the standard deviation of 4 portfolios given different investment weights. All 4 of these portfolios are created by including the same stock and the risk free assets in the portfolio but with different investment weights. e What is the y-intercept for the CAL traced out by these portfolios? 5% e What is the Sharpe ratio for the CAL traced out by these portfolios? 1 Weight in (Weight in |Expected |Standard risky risk-free |returnto |deviation asset asset portfolio |of portfolio 0 1 .05 0 5 5 125 075 1 0 20 15 1.5 -.5 275 225 Answer 1: 5% Answer 2: | slope = rise/run = (E[r_risky asset] - risk free rate)/(sigma for risky asset) Question 10 1.5/1.5 pts

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Assume you have a portfolio with 1.25 investment weight in a risky asset and -.25 investment weight in a risk-free asset. If your account has $10,000 of your own money. How many dollars are invested in the risky asset? $12,500 —_— \ 1.25*10000 = 12,500 $10,000 $7,500 $2,500 Question 11 2 /2 pts A friend asks your advice about her investments. She holds in her brokerage account $20,000 worth of a Blackrock mutual fund and $5,000 in risk-free bonds. She asks you whether she should re-allocate her assets. You are analyzing the returns of the Blackrock fund and you compare them with the Vanguard index fund. You expect the Blackrock fund to have an expected return of 13% and a standard deviation of 30%. The Vanguard fund has an expected return of 10% and a standard deviation of 20%. Risk-free bonds currently yield 2%. Assume that borrowing and lending rates differ. In particular, the borrowing rate equals 8% and the lending rate equals 2%. o What is the expected return and standard deviation of your friend's current portfolio? E[r] = .108, sigma = .24 e Can you find a new portfolio investing in the Vanguard fund and the risk- free bond (but not the Blackrock fund) that has higher expected return and same standard deviation as your friend’s current portfolio? It is not possible to create a portfolio using Vanguard and the risk free asset that has a higher expected return and the same risk as the current portfolio. Answer 1:

E[r] = .108, sigma = .24 ElF] = (20125)(.13) + (5/25)"(.02)= 108 ' sigma = (20/25)(.3) = .24 Answer 2: It is not possible to create a portfolio using Vanguard and the risk free asset that has a higher expected return and the same risk as the current portfolio. 1. Total risk of current portfolio: (20/25)*.30=0.24 2. Weight needed in Vanguard fund to attain this same level of risk: solve 0.24=w*.20. This implies w=1.2 3. The weight needed in Vanguard is greater than 1.0. This implies that to attain a portfolio standard deviation of 0.24 using Vanguard, you will have to borrow at 8%. The expected return of this portfolio using Vanguard is 1.2*.10+(-.2)*.08=10.4%. This is less than the current portfolio expected return (10.4<10.8). Question 12 1.5/1.5 pts Assume the price of the Schwab Small-Cap index fund is $50 per share, the annual expected return is 18%, and the annual standard deviation is 0.24. Assume you have $10,000 of investment equity and you want to buy the Schwab Small-Cap fund on margin such that your total portfolio standard deviation is 0.30. Assume you can borrow at 8% annually. What is the portfolio weight in the Small-Cap index fund such that the standard deviation of your portfolio is 0.307 1.25 —————\ ‘ w(.24)=0.30 implies w=1.25 § 1S -.25

Question 13 1/1 pts True/False: The capital allocation line (CAL) can be thought of as a plot of the set of expected risk-return outcomes that are available to an investor by investing in a risky asset and in a risk-free asset. The various positions on the line are created by varying the investment weights that the investor uses for the 2 assets. True False Question 14 1/1 pts During the lecture | showed you a spreadsheet with historical returns. As part of that discussion we talked about several different Excel functions. Using the rows and columns of data shown below, identify which formula would calculate each of the summary statistics. The screenshot shown below shows stock prices in column B and daily returns in column C. The stock prices appear in rows 2 through 1259.

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Stock (P1 - Po)/Po Returns -0.0094 0.0007 0.0079 -0.0030 Date Price 8/6/2018 49.95 8/7/2018 49.48 8/8/2018 49.52 8/9/2018 49.91 8/10/2018 | 49.76 (PEYd 8/2/2023 192.58 (P&Ys] 8/3/2023 191.17 Z&ye] 8/4/2023 181.99 arithmetic average daily price sample standard deviation of daily returns population variance of daily returns -0.0155 -0.0073 -0.0480 =average(B2:B1259) v =stdev.s(C3:C1259) v =var.p(C3:C1259) v Question 15 1/1 pts True/False: The expected shortfall return will be less than the 5%VaR return. True False

Question 16 1.5/1.5 pts Assume you think a stock will give you a 25% return if the economy is good this year and a 10% loss if there is a recession. You think there is an 80% chance of a good economy and a 20% chance of a recession. What is your expected return on this stock? 25% because this is the most likely outcome 18% | Elf] = .80*25+.20%(-~10)=0.18 \ J -10% Question 17 1.5/1.5 pts The expected return on a Vanguard fund is 12% and the standard deviation is 0.16. The risk-free rate is 7%. Assume you can borrow and lend at the risk-free rate and that you have $1,000 investment equity. How much money would you need to invest in Vanguard to create a portfolio with an expected return of 17%? $2,000 J Start with formula targeting expected return: E[r,] = .17 = w(.12) + (1-w) - (.07) « W =2 which means that (1-w)= -1 e 200% in Vanguard and -100% of investment equity in risk free $1,000 Not enough information provided to answer this questions

Question 18 1/1 pts True/False: If you are using standard deviation as your measure of risk then some stocks that have experienced strong price appreciation over recent years will appear to be risky investments. neerrest - Question 19 0/1pts True/False: Variance is a measure of total risk in finance. True False Quiz Score: 24 out of 25

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NOWV2 | Online teachin x + EAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator%=&inprogress=false eBook Show Me How July 31 Not 1-30 31-60 61-90 Over 90 Past Days Days Days Days Customer Balance Due Past Due Past Due Past Due Past Due Subtotals 1,050,000 600,000 220,000 115,000 ৪5,000 30,000 Boyd Industries 36,000 36,000 Hodges Company 11,500 11,500 Kent Creek Inc. 6,600 6,600 Lockwood Company 7,400 7,400 Van Epps Company 13,000 13,000 Totals 1,124,500 607,400 233,000 121,600 96,500 66,000 Percentage uncollectible 1% 3% 12% 30% 75% Allowance for Doubtful Accounts 106,106 6,074 6,990 14,592 28,950 49,500 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $8,240 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. If an amount box does not requre an entry, leave it blank. 88 July 31 Next Check My Work Email Instructor Save and Exit Submit Assignment for Gradin

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Quiz 4: Module 4- Requires Respondus L Started: Nov 16 at 6:41am Quiz Instructions Quiz 4 covers the content from Module 4. The quiz has a 45-minute timer t question at a time but you can go back and change your answers if you nee Quiz answers can be viewed for 72 hours after the final due date, Be sure to Question 17 An anecdote is a type of analogy | metaphor Sumile comparison example Previous

Fri Nov 6 10:24:50 AM * CengageNOWv2 | Online teach x Men's Long Sleeve Box NSE Te X Irn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false DS M ACC-2013-06-20... A Main - msstate.edu Banner - msstate.... еBook Calculator Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 195,000 lbs. at $5.00 193,100 Ibs. at $4.80 Direct labor 19,500 hrs. at $18.00 19,950 hrs. at $18.40 Factory overhead. Rates per direct labor hr., based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $3.80 $73,360 variable cost Fixed cost, $6.00 $122,100 fixed cost Each unit requires 0.25 hour of direct labor. Required: a. Determine the direct materials price variance,…

Bookmarks People Tab Window Help 192.168.1.229 60 83% Wed 12:20 PM Chapter 10 Homework (Applice X CengageNOWv2 | Online teach x lim/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ☆ 青N Login Common A... A Common Black Co... *No Fear Shakespe... b Hamlet, Prince of... E 12th Grade PVA H.. O Paraphrasing Tool.. eBook Labor Variances. Verde Company produces wheels for bicycles. During the year, 656,000 wheels were produced. The actual labor used was 364,000 hours at $9.20 per hour. Verde has the following labor standards: 1) $10.40 per hour; 2) 0.48 hour per wheel. Required: 1. Compute the labor rate variance. 2. Compute the labor efficiency variance. Previous Next Check My Work

A Final Exam - MATH 1330 - Math b Details | bartleby E New tab A https://www.webassign.net/web/Student/Assignment-Responses/submit?dep=254878928tags=autosave#question4023958_1 Sign in 12. DETAILS HARMATHAP12 6.2.009. MYΝΟΤΕS What are the future value and the interest earned if $4000 is invested for 3 years at 8% compounded quarterly? (Round your answers to the nearest cent.) future value 24 interest earned %24

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Chap 11

O Question 27 - Wk 5 - Apply: Hon X ttps//ezto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Fvle.phoenix.edu%252Fwebapps%252Fpartner-cloud. Homework [due Day 7] 6 Saved Help Sa Compute the MIRR statistic for Project X and note whether the firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of is 10 percent Time: 1 3 4 Cash flow: -175 75 100 75 50 Multiple Choice 13.89 percent, accept 15.73 percent, accept 13.26 percent, accept 13.26 percent, reject

ccounting | Spring 2023 uiz Course Home - kar X K Chapter 9 Quiz OA. $18,200 OB. $18,800 OC. $17,500 O D. $20,300 mylab.pearson.com Question 5 of 10 X G At year-end, Snow 0 4 kara harper 04/09/23 10:36 AM This quiz: 10 point(s) possible This question: 1 point(s) possible ? Submit quiz Buddy Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $800. During the year Buddy wrote off uncollectible receivables of $2,100. Buddy recorded Bad Debts Expense of $2,800. Buddy's year-end balance in Allowance for Bad Debts is $1,500. Buddy's ending balance of Accounts Receivable is $20,300. Compute the net realizable value of Accounts Receivable at year-end.

F myCampus Portal Login - for Stu X B 09 Operational and Legal Consid x E (24,513 unread) - sharmarohit81 b My Questions | bartleby A fleming.desire2learn.com/d21/le/content/130754/viewContent/1518900/View?ou=130754 Table of Contents > Week 9: Operational and legal Considerations > Lecture Notes > 09 Operational and Legal Considerations 09 Operational and Legal Considerations - > Calculating Capacity • How many machines do you need? • You expect your sales to be 3,000,000 granola bars (20g each) • How large is your plant? per month • How many workers do you need? The machine: • How much is the investment? Capacity: 100 kgs per hour • What are the operating costs? Requires 2 people to operate it Takes 8 ft x 40 ft space • Cost per machine $15,000 Energy and maintenance: $5 per hour • Cost of material and packaging: $0.12 per bar I Group Project.xlsx Show all 12:35 AM O Type here to search A O 4) ENG 2020-12-09

Content O Question 11 - Wk 5- Apply: Hon x Answered You are given $50000 x https://ezto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Fvle.phoenix.edu%252Fwebapps%252Fpartner-cloud... c Homework [due Day 7] 6 Saved Help Save & Exit Subr Your company is considering a new project that will require $2,000,000 of new equipment at the start of the project. The equipment will have a depreciable life of 10 years and will be depreciated to a book value of $250,000 using straight-line depreciation. The cost of capital is 12 percent, and the firm's tax rate is 21 percent Estimate the present value of the tax benefits from depreciation. Multiple Choice $68,250 $207,646 $175,000 S988.789

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O NWP Assessment Player UI x A NWP Assessment Player UI A Player x M Take bartleby with you. - bk x b My Questions Leducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld=6elb1590-b291-458b-913e-bc6d938b2870#/question/0 ork DUE Saturday, February 13th @ 11:59 pm (EST) Question 1 of 13 -/1 E Current Attempt in Progress Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in alltases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, eg. 5,275.) Case A Case B Direct materials used 2$ (a) $86,500 Direct labor 56,000 142,700 Manufacturing overhead applied 42,000 (d) Total manufacturing costs 149,750 (e) Work in process 1/1/20 (b) 25,200 Total cost of work in process 207,500 (f) Work in process 12/31/20 (c) 13,800 Cost of goods manufactured…

Chrome File Edit View History Bookmarks 3 J 4 X с Week 4 Hom X P Short Exercis X G Dalton Hair S X C For each acc X plus.pearson.com/products/658729f2-cb81-45ee-babb-bf032e847a35/pages/urn:pearso... Profiles Tab Window Help End of Chapter: Completing the Accounting Cycle 5 6 32 Total 33 Net (b) 34 Total 35 balance as the Retained Earnings account? 3. Which type of income statement account has the opposite type of balance as the Retained Earnings account? S-F:4-7. Determining net income using a worksheet (Learning Objective 2) A 4. What do we call the difference between total debits and total credits on the income statement section of the worksheet? A partial worksheet for Ramey Law Firm is presented below. Solve for the missing information. Income Statement Debit (a) 8,375 (d) K 23 C For each aces Credit $ 24,850 $24,850 L Debit $ 211,325 Balance Sheet (e) X + M tv O Credit $ 202,950 (c) (f) O AA- S-F:4-8. Determining net loss using a worksheet (Learning Objective 2) A partial…

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8:26 PM Mon Nov 22 O 1 73% 32 Zoom v •.. Leave Unmute Start Video Share Content Participants More 02:57:50 W AutoSave Document1 - Word P Search (Alt+Q) Mahrukh Chaudhary MC ff File Home Insert Draw Design Layout References Mailings Review View Help P Comments S Share P Find Calibri (Body) - A A Aa - As 三、三、i。处T v 11 Normal No Spacing Heading 1 & Replace Paste В I U v ab x, x A 三。 Dictate Editor A Select - Undo Clipboard Font Paragraph Styles Editing Voice Editor RENEW YOUR SUBSCRIPTION To keep using your Office applications without interruption, please renew by December 5, 2021. Buy Remind Me Later Practice Question 2 Consider the following transactions for the company of Powell Corporation, a small company located in the Northern Vancouver 1)After all the posting is up to date the statement shows the cash balance (book balance) of $32760 and the bank statement (bank) shows the balance of the $77040. 2) Check 5523 for 9620 and 6547 for $10000 are outstanding. 3) Check 5386 for $2,000…

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* CengageNOWv2 | Online teachin X b Home | bartleby C What Is The Orbital Period (in S) X A v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail O YouTube Maps Blackboard HW #10 - Chpt 22 еBook Show Me How E Print Item Personal Budget At the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $7,540 Purchase season football tickets in September 100 Additional entertainment for each month 260 Pay fall semester tuition in September 4,100 Pay rent at the beginning of each month 360 Pay for food each month 200 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month…

Edit View History Bookmarks Profiles Tab Window Help M 100% M Sun 11:24 AM as College WP Ch 05 Homework Assignment X wP NWP Assessment Player UI Ap X ducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld=73f9082f-68e7-46db-a4b3-509e5b6e0e6d#/question/0 mework Assignment Question 1 of 2 - / 5 Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $72,00O. Ayayai normally sells its riding mowers for $14,400 and its push lawn mowers for $960. The contract required the City of Halifax to pay Ayayai once all of the merchandise has been delivered to the city's public works yard. Ayayai's management does not expect any returns or any issues with payment. Ayayai delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered on May 5. Ayayai received payment from the city on May 18. Ayayai's cost for each riding mower is $9,960, while the push mowers cost…

Google Calendar - Tuesday, April X M ACC-650 TOPIC 5 Assignment X WP Question 9 of 11 - ACC-650 TOP X ui/v2/assessment-player/index.html?launchld=78f9d393-a0ac-40c8-aeb3-468fb86f3881#/question/8 : BILL'S APPTS ELSA'S APPTS AMBER'S APPT'S : LENTON'S APPT'S : CHUCK'S APPT'S : GABBY'S APPT'S MAKE PAYMENTS ShareFile Question 9 of 11 × Your answer is incorrect. 3.75/9 : Return to the original data. Monk Builders has just signed a contract with the state government to replace the windows in low- income housing units throughout the state. Monk needs 80,000 windows to complete the job and has offered to buy them from Wilson at a price of $120.00 per window. Monk will pick up the windows at Wilson's plant, so Wilson will not incur the $2 per window shipping charge. In addition, Wilson will not need to pay a distributor's commission, since the windows will not be sold through a distributor. Calculate the contribution from special order, contribution lost from regular sales and the net…

Connect ezto.mheducation.com/ext/map/index.html?_con3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/.. ☆ er 8 homework G Saved Help Save & Exit Submit Check my work Samuelson and Messenger (SAM) began 2021 with 200 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 100 units were purchased on January 8 for $28 each and another 200 units were purchased on January 19 for $30 each. Sales of 125 units and 100 units were made on January 10 and January 25, respectively. There were 275 units on hand at the end of the month. SAM uses a perpetual inventory system. Required: 1. Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. 2. Complete the below table to calculate ending inventory and cost of goods sold for January using average cost. ok Complete this question by entering your answers in the tabs below. nt…

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AutoSave Acct12_Ch09_WP_templates - Compatibility Mode Search invoker robinson File Home Design References Mailings Review View Help A Share P Comments Insert Layout E9-24 Journalize all required entries. Make sure to determine the missing maturity date. Solution: Date Accounts and Explanation Debit Credit D Focus Page 16 of 17 12 of 876 words 100% 8:10 PM O Type here to search a W 10/22/2020 O

File Edit View History Bookmarks Tools Window Help Appendix 3B: Work Sheet as a TX nework Problems Chapter 3 i 7 59 ints eBook C Print n References Mc Graw Hill 1 08 F1 Question 7 Homework Problems CIX - On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F April 2 Nozomi invested $36,000 cash and computer equipment worth $35,000 in the company in exchange for its common stock. 167 Computer Equipment 168 Accumulated Depreciation-Computer Equipment. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends @ April 3 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. April 4 The company purchased $1,800 of office supplies for cash. 2 April 10 The company paid $2,880 cash for a 12-month insurance policy. Coverage begins on April 11.…

Chrome File Edit View History Bookmarks People Window Help 52% !), Wed 3:48 PM d : The Charge Flas Sigma Chi-Initi My Questions l l (7) YouTube | Bb] Syllabus-ROST G where to find sc X x Х Χ Chapter 1 Home ← → C https://newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb%2Findex.html%.··d-☆ . Chapter 1 Homework - Graded Saved Help Save & Exit Submit Check my work 4 Required: Use only the appropriate accounts to prepare an income statement. 7 points COWBOY LAW FIRM Income Statement For the Period Ended December 31 eBook etained earnings Hint ervice revenue Ask Expenses Salaries expense Print References Total expenses Mc Graw Hill KPrev4 of 11 Next>

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