Don't answer if you already answered this. If i see the same solutions, i'll downvote you. Follow the instructions. Typewritten for upvote. No upvote for handwritten. Thank you
Q: 2. The Electric Company is considering the purchase of a hillside ranch for possible use as a…
A: The concept of the time value of money states that the same amount of money has more value today…
Q: olcano Inc. received $1,000 cash in advance for work to be performed. How will this transaction…
A: Solution:- When an income is received in advance, it is treated as liability because service to be…
Q: A simple "EE US Treasury Savings Bond" pays the holder $1000 in 30 years. Given that the applicable…
A: To calculate the bond cost we will use the below formula Bond cost today = FV/[1+(r/m)]n*m Where…
Q: The Deluxe Register Company sells 1,000 register books annually at a price of $35 each. If the…
A: Markup of selling price means the amount (Profit) which is added to the cost of item to determine…
Q: A company considering water flooding plan for one its small oil field, the chances of success is as…
A: Here, Initial Cost = 15 MM Available venture capital funds = 10 MM Risk = 10% To Find: Net present…
Q: Stock A has expected return of 15% and standard deviation (s.d.) 20%. Stock B has expected…
A: The Capital Asset Pricing Model establishes a relationship between systematic risk and expected…
Q: Your company is considering a project which will require the purchase of $635,000 in new equipment.…
A: Given: Particulars Amount Cost of asset $635,000 End value 25% Sales $224,000 Working…
Q: Machinery costing P820,000 on 1 January and P940,000 on 31 December were reported at net of…
A: Depreciation: A depreciation is a non-cash expenses for the company. The depreciation expenses is…
Q: Question Robinson plc have decided that in order to make better investment appraisal decisions they…
A: Cost of a source of finance ( Cost of Capital ) : The cost of capital is the minimum rate of return…
Q: QUESTION 1 For the below Cash Flow, find the total PW value using 10% interest rate years cost $…
A: As you have posted multiple questions, we will answer the first question for you. To get answers for…
Q: You buy a stock for $47 per share and sell it for $58 after holding it for slightly over a year and…
A:
Q: Explain why do financial institutions exist? And why at functions do they perform? Give proper…
A: A financial institution is a company that provides services related to financial transactions. The…
Q: # 1 Interest Amount Present Value $16,775.00 Interest Rate Time 0.5% per month 6 months Future Value
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
Q: The following is a simplified balance sheet of a large commercial bank. Based on this information,…
A: Given: All figs. in billions of GBP Working Note #1 Computation of Total Assets: Cash &…
Q: An investment that cost ₱300,000 was placed in a bank and the bank gave you a 4% compound interest…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: Determine the present value of an annuity of $600 paid monthly for a period of 15 years at 4.50% APR…
A: To calculate the present value we will use the below formula Present value = P*[1-(1+r)-n]/r Where…
Q: Your company will pay a dividend of $4.00 next year and then have it grow annually at 16.00% for the…
A: Dividend at the end of year = $4.00 Growth rate in following 3 years = 16.00% Growth rate thereafter…
Q: Stock A has expected return of 15% and standard deviation (s.d.) 20%. Stock B has expected return…
A: Expected Return: the expected return of an investor is the total amount of money they expect to gain…
Q: All but one of the following represent a similarity between T-Bills and T-Bonds: Both are coupon…
A: The main difference between the T bills and T bonds maturity period. T bills are issued for less…
Q: Consider two 30-year bonds with the same purchase price. Each has an annual coupon rate of 5% paid…
A: Here, Time To Maturity of both Bonds is 30 years Coupon Rate of Both Bonds is 5% Par Value of Both…
Q: nce are estimated at $4,000, $9,750 and 2000, respectively on. The value of the land is estimated to…
A: The cost technique calculates value by multiplying the land value by the replacement cost cost of a…
Q: Stock Name Quarterly Dividend Price, 12/31/2022 B Burrfoot Enterprises 20.50 $ $ 23.75 4 Majere…
A: Formula to be used: Dividend Yield = Dividend per shareMarket value per share Capital Gains Yield=…
Q: Rebecca signed a $6,000, 120-day, 14% exact simple interest note on May 6. She made partial payments…
A: We know that Interest can be calculated using the below mention formula using Simple interest…
Q: Michey Lawson is considering investing some money that he inherited. The following payoff table…
A: Here, To Find: What kind of decision-making environment is this =?
Q: Suppose that the new equipment has a cost basis of $12,000 and a salvage value of $3,0 of 6 years.…
A: The cash flow that is produced by the equipment consider the tax benefits of the depreciation so…
Q: A portfolio manager has positions that include a £100,000 investment in A Corp and a £75,000…
A: Portfolio standard deviation In a two asset portfolio, the standard deviation of the portfolio is…
Q: You have been given the following information: Rate of Return If State Occurs State of…
A: The expected rate of return is the average amount of interest that investing in stock provides while…
Q: If the interest received was $4790, how much was loaned at 11%?
A: Interest: It refers to the monetary charge on the credit or loan amount and is expressed as APR…
Q: A P1,000, 6% bonds pay dividend semi-annually and will be redeemed at 110% on July 1, 1975. It is…
A: The question is based on the concept of the valuation of bonds. The value of a bond can be…
Q: a. How much money will be saved? b. How much will be owed after 2 years?
A: Time value of money (TVM) refers to the method used to measure the amount of money at different…
Q: American General offers a 16-year annuity with a guaranteed rate of 4.84 % compounded annually. How…
A: Interest rate = 0.0484 Annuity period = 16 years Annual payment = $900 Present value or amount…
Q: rs, Mark was able to save 350,000Php in his savings account. He invested 40% of it in a catering…
A: The interest on the deposit depend on the amount of deposit and period of deposit and interest rate…
Q: Order the expected values from smallest to largest.
A: Expected Value: It is estimated by adding all the outcomes which are weighted by their…
Q: Economic Condition (probability) Stock A (40% of portfolio) Stock B (60% of portfolio) Recession…
A: The expected rate of return is the average amount of interest that a company gives regardless of the…
Q: With an initial deposit of $10 000, Moe opened an RRSP on July 1st, 2018. He added $1500 on February…
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
Q: Briefly describe what an equity carveout is, and what is the typical stock price reaction for…
A: Equity carve out is method of used by the parent company which wants to exist from present business…
Q: What is the present worth for the investment represented by the given cash flow? Interest is 12%.
A: Present Worthbis the sum of present value of cash flows discounted at the required rate of return.
Q: yons, CEO of Lyons Solar Technologies, is concerned about his firm’s level of debt financing. The…
A: The value of company can be found as the present value of future cash considering unlevered cost of…
Q: You manage three funds: a Stock Fund (r 15%, sigma 32%), a Bond Fund (r 9%, sigma 23%) and a T-Bill…
A: The volatility of a portfolio is used to measure the risk of the portfolio, i.e., how much variation…
Q: Q2- Calculate the future worth and draw cash flow diagram as shown - P=3232 - F=? - 1=8% - Y=3
A: We will use the concept of time value of money here. As per the concept of time value of money the…
Q: Your investment club has only two stocks in its portfolio. $20,000 is invested in a stock with a…
A: The beta of the stock refers to the risk factor which then gets multiplied by the market risk…
Q: Which of the following about Treasuy inflation protected securities is NOT true:
A: A treasury inflation protected security is one which protects the investor from rising inflation.…
Q: Consider the following investment project. Calculate the net future worth of this investment at 11%…
A: Solution:- Net future worth means the net future value of a project after adjusting initial…
Q: Alternatives A, B associated with a project have data as in the following figure, MARR=12% /year,…
A: Here, To Find: Alternative to select =?
Q: 2. Suppose that three stocks (A, B, and C) and two common systematic risk factors (1 and 2) have the…
A: Expected Return on stock :The expected return is the profit or loss that an investor expects or…
Q: An effective method to recover water used for regeneration of ion exchange resins is to use a…
A: Answer - Putting in Equation, −(920+360)(A/P,10%,5) – 1.28x,3 )– 3.10x = −3850(A/P,10%,5) –…
Q: Which statement is false? a) If you expect interest rates to rise, you would prefer a fixed-rate…
A: The answer is option d. The premium on CMHC mortgage loan insurance is maxed at 4.5% for traditional…
Q: A payment of $23,000 is due today. What three equal payments, one in 2 years, one in 4 years, and…
A: 2. Calculation of the size of three equal payments: Amount Due = [P/(1+ i /n)^n*2] + [P / (1+…
Q: Assume the $11,700 Treasury bill, 6% for 10 weeks. Calculate the effective rate of interest. (Use…
A: The effective rate is interest rate considering the impact of compounding on the interest rate and…
Q: 4. Gran's Cleaning Service would like to purchase an ultrasound machine for cleaning window blinds.…
A: To Find: IRR Net present Value
Don't answer if you already answered this. If i see the same solutions, i'll downvote you. Follow the instructions. Typewritten for upvote. No upvote for handwritten. Thank you
Step by step
Solved in 2 steps
- E3-21 Journalizing adjusting entries Learning Objective 3 Consider the following situations: Business receives $3,200 on January 1 for 10-month service contract for the period January 1 through October 31. Total salaries for all employees is $3,600 per month. Employees are paid on the 1st and 15th of the month. Work performed but not yet billed to customers for the month is $1,600. The company pays interest on its $16,000, 4% note payable of $53 on the first day of each month. Assume the company records adjusting entries monthly. Journalize the adjusting entries needed as of January 31.S3-9. (Learning Objective 3: Adjust the accounts for interest expense) Trent Restaurantborrowed $110,000 on October 1 by signing a note payable to Hometown Bank. The interestexpense for each month is $825. The loan agreement requires Trent to pay interest on January 2for October, November, and December.1. Make Trent’s adjusting entry to accrue monthly interest expense at October 31, atNovember 30, and at December 31. Date each entry and include its explanation.2. Post all three entries to the Interest Payable account. You do not need to calculate thebalance of the account at the end of each month.3. Record the payment of three months’ interest on January 2.P3-59A. (Learning Objective 3: Adjust the accounts) Journalize the adjusting entry neededon December 31, the end of the current accounting period, for each of the following independent cases affecting Castaway Corporation. Include an explanation for each entry.a. The details of Prepaid Insurance are as follows:Prepaid Insurance2,9004,000JanMar 311 BalCastaway prepays insurance on March 31 each year. At December 31, $1,700 is still prepaid.b. Castaway pays employees each Friday. The amount of the weekly payroll is $6,100 fora five-day work week. The current accounting period ends on a Wednesday.c. Castaway has a note receivable. During the current year, Castaway has earned accruedinterest revenue of $700 that it will collect next year.d. The beginning balance of supplies was $3,000. During the year, Castaway purchasedsupplies costing $6,200, and at December 31 supplies on hand total $2,200.e. Castaway is providing services for Blue Whale Investments, and the owner of BlueWhale paid…
- S3-12. (Learning Objective 3: Adjust the accounts for prepaid rent) Due to the terms ofits lease, Hawke Services, Inc., pays the rent for its new office space in one annual payment of$26,800 on August 1, 2018. The lease covers the period of August 1, 2018, through July 31,2019. Hawke Services has a year-end of December 31. Assume that Hawke Services had noother prepaid rent transactions, nor did it have a Prepaid Rent beginning balance in 2018. Givethe journal entries that Hawke Services would make for (a) the annual rent payment of $26,800on August 1 and (b) the adjusting entry for rent expense on December 31, 2018. What is thebalance of Prepaid Rent at December 31, 2018?Quiz for Chapter 3 P3-67A (Learning Objective 3: Adjust the accounts) Journalize the adjusting entry needed on December 31, end of the current accounting period, for each of the following independent cases affecting Green Corp. Include an explanation for each entry. a. Details of Prepaid Insurance are shown in the account: Prepaid Insurance Jan 1 Bal 1,050 Mar 31 4,800 Green prepays insurance on March 31 each year. At December 31, $1,200 is still prepaid. b. Green pays employees each Friday. The amount of the weekly payroll is $5,800 for a five-day work week. The current accounting period ends on Tuesday. c. Green has a note receivable. During the current year, Green has earned accrued interest revenue of $600 that it will collect next year. d. The beginning balance of supplies was $2,300. During the year, Green purchased supplies costing $6,100, and at December 31 supplies on hand total $2,100. e. Green is providing services for Manatee Investments, and the owner of Manatee paid Green…. (Learning Objective 5: Make closing entries and calculate net income) The adjustedtrial balance of Amana Corporation at December 31 shows that sales revenue for the year was$513,000 and other revenue was $37,000. Cost of goods sold for that same period was $256,000,while other expenses totaled $185,000. The corporation declared and paid dividends of $12,000during the year. The balance of retained earnings before closing entries was $457,000.1. Prepare the closing entries for revenues, expenses, and dividends for the year.2. What was net income for the year?3. What is the ending balance of retained earnings after the closing entries are posted?
- The first project for the semester will involve the following items to turn in: 1) Journal entries for financial transactions I will provide you. 2) An adjusted trial balance. 3) An Income statement. 1) On December 1 of 2019 Harold Hammer deposited $ 15,100 in a bank account in the name of Huaning Corporation in exchange for shares of common stock in the corporation. 2) On December 1 of 2019 Huaning Corporation purchased supplies on account for $ 226 . 3) On December 4 of 2019 Huaning Corporation received cash of $ 384 for product sold to the customer. 4) On December 5 of 2019 Huaning Corporation paid the vendor for the December 1st purchase of supplies. 5) On December 6 of 2019 Huaning Corporation purchases supplies on account for $ 469 .6) On December 8 of 2019 Huaning Corporation sells product for $ 445 on account to a customer.7) On December 9 of 2019 Huaning Corporation sells product for $ 462 on account to a customer. 8) On December 10 of 2019 Huaning Corporation paid, in…After the adjusted trial balance is prepared, you tell Sophia that HHEC’s financial statements for Year 1 can now be prepared. HHEC Adjusted Trial Balance December 31, Year 1 Cash $ 7,215 Accounts Receivable $ 2,700 Supplies $ 2,400 Preapid Insurance $ 2,300 Building $ 10,000 Accumulated Depreciation - Building $ 1,980 Office Equipment $ 1,800 Accumulated Depreciation - Office Equipment $ 50 Accounts Payable $ 1,850 Wages Payable $ 250 Unearned Revenue $ 360 Sisters, Capital $ 15,000 Sisters, Withdrawals $ 4,000 Cleaning Revenues $ 19,160 Depreciation Expense - Office Equipment $ 50 Depreciation Expense - Building $ 1,980 Insurance Expense $ 100 Supplies Expense $ 400 Wages Expense $ 4,525 Utilities Expense $ 985 Miscellaneous Expense $…E3-22A. (Learning Objectives 3, 4: Adjust the accounts for prepaid expenses; construct thefinancial statements) Dizzy Toys prepaid three years’ rent ($36,000) on January 1, 2018. AtDecember 31, 2018, Dizzy prepared a trial balance and then made the necessary adjusting entryat the end of the year. Dizzy adjusts its accounts once each year—on December 31.What amount appears for Prepaid Rent ona. Dizzy’s unadjusted trial balance at December 31, 2018?b. Dizzy’s adjusted trial balance at December 31, 2018?What amount appears for Rent Expense onc. Dizzy’s unadjusted trial balance at December 31, 2018?d. Dizzy’s adjusted trial balance at December 31, 2018?
- Closing Entries (Net Income) The work sheet for Major Advising for the month ended January 31, 20-- is shown. Major AdvisingWork Sheet (Partial)For Month Ended January 31, 20-- Income Statement Balance Sheet ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Cash 1,339.00 Accounts Receivable 935.00 Supplies 346.00 Prepaid Insurance 800.00 Office Equipment 3,500.00 Accum. Depr.—Office Equipment 200.00 Accounts Payable 1,000.00 Wages Payable 300.00 Ed Major, Capital 4,100.00 Ed Major, Drawing 900.00 Advising Fees 4,140.00 Wages Expense 700.00 Advertising Expense 90.00 Rent Expense 500.00 Supplies Expense 150.00 Phone Expense 67.00 Electricity Expense 48.00 Insurance Expense 89.00 Gas and Oil Expense 53.00 Depr. Expense—Office Equipment 200.00 Miscellaneous Expense 23.00 1,920.00 4,140.00 7,820.00 5,600.00 Net Income…S3-5. (Learning Objective 2: Apply the revenue and expense recognition principles)Identify the accounting concept or principle that gives the most direction on how to account foreach of the following situations:a. A utility bill is received on December 27 and will be paid next year. When should thecompany record utility expense?b. A physician performs a surgical operation and bills the patient’s insurance company. Itmay take three months to collect from the insurance company. Should the physicianrecord revenue now or wait until cash is collected?c. March has been a particularly slow month, and the business will have a net loss for thesecond quarter of the year. Management is considering not following its customarypractice of reporting quarterly earnings to the public.d. Salary expense of $48,000 is accrued at the end of the period to measure incomeproperly.e. A construction company is building a highway system, which will take four years.When should the company record the revenue it…lorato’s trial balance as at 31st December 2020 Dr Cr Pula Pula Sales 800,000 Sales Returns 17,000 Purchases 400,000 Purchases Returns 21,000 Land and Buildings 320,000 Machinery 275,000 Motor vehicle 130,000 Furniture 65,000 Opening inventory 50,000 Accounts receivable 220,000 Accounts payable 276,000 Capital 650,000 Cash at Bank 30,000 DIPLOMA Sessional Structured Timed Assignment January - June BPA612 Principles of Accounting ©BOU 2023 Page 5 of 11 Cash in hand 3,000 Telephone 12,000 Electricity 15,000 Salaries and wages 170,000 Discounts receivable 3,500 Discounts Allowed 2,000 Interest receivable 9,000 Interest payable 12,000 General expenses 28,000 Insurance 6,000 Bad debts 1,000 Provision for bad and doubtful debts 4,500 Carriage outwards 3,000 Carriage inwards 5,000 1,764,000.0 1,764,000 Additional information a. Closing inventory P40,000 b. Motor vehicles purchased P10, 000 was included in Purchases by mistake. c. Electricity P1, 000 was owing at the end of the financial year.…