How many year and how many days
Q: Jan5, 2018 business bought $2250 of inventory from penny inc money will be paid in future
A: The journal entries are prepared to record the transactions in debit and credit form. If one account…
Q: Alejandro Kirk
A: The main advantage of using the ABC method is its impact on profitability, it helps in improving…
Q: Problem 2 - Prepare Adjusting Entries, Post to the Ledger, and Prepare an Adjusted Trial Balance…
A: Adjusting Entries - Adjustment entries are the entries made at the end of the year to correct any…
Q: XYZ Corporation has a lower and an upper limit for its savings account at P40,000 and P70,000…
A: Additional funds refers to the concept where the business or person looks to expand the operations…
Q: value of the taxable car benefit for the year ended 31 December 2020?
A: The value of the taxable car benefit for the year ended 31 December 2020 is to be calculated by…
Q: The following information is available from the current period financial statements Net income…
A: Cash from operating activities includes activities which are related to the day to day operations of…
Q: On January 6, Year 1, Mount Jackson Corporation purchased a tract of land for a factory site for…
A: Land and Building are fixed assets however the treatment of both with regard to depreciation is…
Q: Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on…
A: Depreciation is a non cash expense which is charged for the part which has been considered to be…
Q: On January 1, 2020, ABC enters into a contract with a customer to transfer a license for a fixed fee…
A:
Q: Treasury stock that had been purchased for $3,908 last month was reissued this month for $5,262. The…
A: Introduction: A journal entry is a record of a business deal in the accounting system of the…
Q: Statement 1: Upon issue of share rights, the issuing corporation records the transaction by…
A: The term "preference shares" refers to shares of a company's stock that have dividends that are paid…
Q: CASE : PRIORITY RULES AT TRYTECH LIMITED Brillian Carkenea , managing partner at a Trytech…
A: Here discuss about the details of the calculation of total income and the calculation of late fee…
Q: For the following question, reconcile the bank statement and check register. Would they need to make…
A: Lets understand the basics. Bank reconciliation is need to prepare to calculate the difference and…
Q: Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total…
A: As per the information given in the question a single plant wide factory overhead rate based on…
Q: Thomas Martin receives an hourly wage rate of $18, with time and a half for all hours worked in…
A: Introduction: The sum of an employee's paycheck that is left over after payroll deductions such as…
Q: REQUIRED: For the year ended 31 December 2019 show the following: 1. The Statement of…
A: As per the IFRS 'Borrowing Cost', Borrowing costs incurred to acquire the Qualifying Asset shall be…
Q: How much is the retirement benefit expense taken to profit or loss for the year ended December 31,…
A: Employee benefit coat will be recognised as incurred for the year as per IAS 19.
Q: In December Year 1, Lucas Corporation sold merchandise for $10,000 cash. Lucas estimated that the…
A: Cash payment of warranty claim: There will be no effect on the income statement when actual payments…
Q: Kemiah has the following insurance information from her employer: Premium: $200/month Deductible:…
A: Insurance deductible is the amount that you are responsible for payment towards medical expense out…
Q: hat way can the use of ROI as a performance measure for investment centers lead to bad decisions?…
A: ROI is the return on investment in which the there is consideration for the current year profit only…
Q: Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from…
A: Variances shows the amount of difference between the costs estimated that is standard cost and the…
Q: Two weeks ago, Universal Holdings Inc. and Marston Manufacturing Company agreed to a merger in which…
A: Earnings per share Businesses all across the world are there to make money and increase shareholder…
Q: Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,300…
A: Introduction: The total number of labor hours necessary to manufacture the units specified in the…
Q: On December 1, 20x4, ABC Co enters into a contract to deliver 10 cars to XYZ company which is to be…
A: As per the provision of PFRS 115 Revenue from contracts with customer. Revenue can be recognize as…
Q: Earnings per share a. must be reported by public company b. all of the answers are correct c. is the…
A: Earnings per share is the net income after deducting all the expenses and dividends. It is the…
Q: Purchases during Q4: Purchase, 10/22; 650 units @ $55 Purchase, 11/5; 700 units @$58 Purchase, 11/2;…
A: First in first out (FIFO) = It implies to an inventory valuation method in which the inventory…
Q: Create a spreadsheet with an output section that: (a) determines the overhead application rate per…
A: There are various overheads costs incurred by the Business entity to Complete the Manufacturing of…
Q: The payroll register of Sara Company indicates $5,850 of social security tax withheld and $1,600 of…
A: Introduction: Payroll tax expense account is indeed the holding account used to keep track of the…
Q: 2. Record employer payroll taxes.
A: Payroll Tax :— It is the tax that is levied on payroll of the employers.
Q: Harvey Company provides its employees with vacation benefits and a defined benefit pension plan.…
A: Vacation Pay: Vacation pay is a perk that businesses normally provide to full-time employees as a…
Q: Required What is the standard direct material amount per garden spade? What is the standard cost…
A: Variance analysis is a quantitative analysis of the difference between actual and budgeted plan. By…
Q: Required: 1. to 3. Prepare the journal entries to record the purchase of the bonds by Saxton-Bose on…
A: Company will issue bond at discount i..e market rate is more than the quoted rate in the bond.
Q: Assign costs to the departments output-specifically, to the units transferred out and to the units…
A: Eoq represents equivalent production i.e no of units produced in particular period. Both the…
Q: Integrity Company leased equipment to a lessee on July 1, 2021. The lease is for 8 years. The first…
A: After accounting for the amount due and the rate in effect, the interest revenue is recognized on a…
Q: Southwestern Industries has the following selected data ($ in millions): Balance sheet data Total…
A: Debt to Equity Ratio: Debit and Equity both are used to provide funds to the business. The debt to…
Q: Which one of the lease conditions below is not met?
A: A lease is an agreement, where one party transfers the right to use the asset to another person, in…
Q: When market value of an asset is higher than book value, depreciation is not charged. A) True B)…
A: Meaning of depression. Depreciation is a reduction in the value of asset due to wear and tear,…
Q: In 20x1, ABC Co. enters into a contract to construct a building for a customer. ABC identifies its…
A: The profits recognised in the year can be estimated on the basis of percentage of the work completed…
Q: PROBLEM I - UPSTREAM AND DOWNSTREAM SALES OF INVENTORY AND FIXED ASSETS On January 1, 2014, P…
A: In consolidation of financial statements, inter company inventory transfered at above the cost of…
Q: Big Light Company's entire factory overhead for the year is planned at $807,500. Big Light makes two…
A: Introduction: Factory overhead refers to the expenditures incurred throughout the manufacturing…
Q: What are the alternatives for Smash Company? Should Smash accept the special order? By how much will…
A: Special order :— It is the additional order over & above from current production units received…
Q: Prepare a cash budget for March for Gado Company.
A: Cash Budget defines the estimation of cash inflows and outflow for a period that the entity…
Q: In 20x1, ABC Co. enters into a contract to construct a building for a customer. ABC identifies its…
A: The profit for contract is calculated as revenue recognized during the year and costs incurred…
Q: [S1] When there is substantive modification of terms in an insurance contract, the original…
A: The insurance contract mean the contract in which the one party bears the risk of the other party.…
Q: What is the sound value of this building?
A: Sound value is the replacement cost of property, less accrued depreciation. The replacement cost is…
Q: ind the value of the annuity at the end of the indicated number of years. Assume that the interest…
A: Value of Annuity at the end of the 6 Year is 8123.06
Q: The Statement of Financial Position of Syscoin Bhd as at 31 December are as follows: 2021 RM…
A:
Q: One company issued 2000 shares of 5%, $100 par cumlative preferred stock as of 12/31/2019. No other…
A: Dividend is the profit distributed by the company to its shareholders. When a company have surplus…
Q: Problem 1 - Adjusting Entries Required: The following data are taken from an…
A: Adjusting entries are made under accrual basis of accounting. In accrual basis of accounting…
Q: On January 1, Mitzu Company pays a lump-sum amount of $2,600,000 for land, Building 1, Building 2,…
A: The fixed assets if the business include land, building, etc. The costs incurred such as demolish of…
Calculate the time necessary to achieve an investment goal. Use 365 day year.
$1000 @ 9% simple interest. Deposit $650
How many year and how many days
Step by step
Solved in 2 steps
- If you invest $15,000 today, how much will you have in (for further instructions on future value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%If you invest $12,000 today, how much will you have in (for further Instructions on future value in Excel, see Appendix C): A. 10 years at 9% B. 8 years at 12% C. 14 years at l5% D. 19 years at 18%How much would you invest today in order to receive $30,000 in each of the following (for further Instructions on present value In Excel, see Appendix C): A. 10 years at 9% B. 8 years at 12% C. 14 years at 15% D. 19 years at 18%
- How much would you invest today in order to receive $30,000 in each of the following (for further instructions on present value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityUse the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?
- Conestoga Plumbing plans to invest in a new pump that is anticipated to provide annual savings for 10 years of $50,000. The pump can be sold at the end of the period for $100,000. What is the present value of the investment in the pump at a 9% interest rate given that savings are realized at year end?An investment of 1,000 produces a net cash inflow of 500 in the first year and 750 in the second year. What is the payback period? a. 1.67 years b. 0.50 year c. 2.00 years d. 1.20 years e. Cannot be determined
