t on the account is 10% compounded semi-annually, for how long does Laura have to deposit the money? a.)7.5 Years b.)9.8 Years

Q: Prepare the necessary journals for the given transactions 1. Cash paid to Sara BD 600 2. Sold Furnit...

A: The first step in accounting is a journal entry, which is used to record a business transaction in a...

Q: Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of...

A: No. of Shares after Stock Split = No. of Shares before Stock Split x Stock Split Ratio

Q: The following trial balance was taken from the books of Dumbo Trading at 31 December 2021. Dumbo Tra...

A: Comprehensive Income statement is a income statement which contains income and expenses that have no...

Q: Kassim Baba Company's inventory records show the following data for the month of September: Units Un...

A: Solution...     Units available  = 100 + 450 + 350  = 900  Units in hands = 200. Units sold  = Units...

Q: ed in the computation and a minimum attractive rate of return is set at 20%. Chapter 4: Products Our...

A: The payback period of investment is calculated as,

Q: When we get a line of credit from the bank Check All That Apply a)Assets increase b)Expenses Increa...

A: The assets are the accounts owned by the business.  The liabilities are the amount due to be paid to...

Q: Depreciation and Rate of Return Burrell Company purchased a machine for $34,000 on January 2, 2019. ...

A: 1)Depreciation: Depreciation is a method of accounting by which the value of the assets is allocated...

Q: On January 1, 2020,  Zen Company acquired trading securities with the following market value on Dece...

A: The trading securities are recorded on the fair value in the balance sheet. But the gain on such fai...

Q: Burrell Company purchased a machine for $21,000 on January 2, 2019. The machine has an estimated ser...

A: Straight line method: Straight line basis is a method of calculating depreciation and amortization, ...

Q: Monty Corp. reported net sales $610,000, cost of goods sold S366,000, operating expenses $151,000, a...

A: Formula: Gross profit rate = ( Gross profit / Net sales ) x 100

Q: Percent of capacity 90% 100% 110% Direct labor hours 3,600 4,000 4,400 Units of output 720 800 880  ...

A: A flexible budget is prepared on the basis of the budgeted rate and on the basis of different activi...

Q: Question 7 On July1, 2021, Bell Company made a lump sum purchase of an office building, including th...

A: Straight line method: Straight line basis is a method of calculating depreciation and amortization, ...

Q: Enterprise X manufactures pianos in Malaysia. Enterprise Y distributes these from Hong Kong. Both X ...

A: 1.  Explain meaning of associated enterprises? According to Sec 92A  of Income Tax Act, an associate...

Q: ABC reported the following data for its first year of operations: Net sales $2,800 Cost of goods ...

A: The gross profit ratio indicates the level of profit earned by the company on the net sales. It can ...

Q: Roses and Thorns Inc. involved in selling chocolate bar. During 2016, 100,000 bars were sold for a u...

A: Degree of operating leverage = Contribution margin / Earnings before interest and taxes  where, Cont...

Q: Morganton Company makes one product and it provided the following information to help prepare the ma...

A: Answer) Calculation of Budgeted Direct Labor Cost for July Units Budgeted to be sold in July  ...

Q: Acme Inc. has the following information available: Actual price paid for material $0.90 Standard pr...

A: Material Price Variance (MPV) MPV = (SP - AP) x Actual Quantity. Where,  SP = Standard Price = $1 AP...

Q: E17.23 (LO 4) (Impairment) Elaina Ce investment as of December 31, 2022: Investment in debt securiti...

A: I am answering the sub-part (d) of the question as specified by the student. Journal is the book of ...

Q: Requirement: 1. Compute the Economic Order Quantity. 2. Prepare the table which the entity can procu...

A: EOQ : Economic Order Quantity is one of the popular methods of Inventory Management. At this level o...

Q: Which of the following is not a part of budgeting?A. planningB. finding bottlenecksC. providing perf...

A: Budgeting is an important process in management accounting. Budgets means estimates or forecasts mad...

Q: If MARR is 12%, what is the ERR? Is this project acceptable?

A: Economic rate of return (ERR) refers to the rate which shows the economic benefits of a company as c...

Q: Using the following balance sheet and income statement data, what is the debt to assets rati Current...

A: Formula: Debt to Assets ratio = Total liabilities / Total Assets

Q: Other Operating Sales Revenue Cost of Goods Sold Gross Profit Net Income Expenses Firm $125,000 $ 60...

A: Formula: Gross profit = Sales revenue - Cost of goods sold

Q: SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $151,200, and ...

A: Formula: Contribution margin per unit = Sales price per unit - variable cost per unit

Q: Last month when Holiday Creations, Incorporated, sold 41.000 units, total sales were $164,000, total...

A: Formula: Contribution margin ratio =  ( Contribution margin / Total sales ) x 100

Q: Abioye Co. produces and distributes semiconductors for use by computer manufacturers. Abioye Co. iss...

A: Bond is issued by the company for raising finance for the business working. It is considered a cheap...

Q: The owner invests N$150 000 cash in the entity. Service rendered for cash N$5 000. Salaries and elec...

A: Here in this question, we are required to calculate current worth of owner's investment. For calcula...

Q: Boriales Company provided the following transactions relating to its raw materials inventory during ...

A:

Q: Suppose that P 4500 is deposited each year into a bank account that pays 8% interest compounded quar...

A: Cash flow diagrams are visual representations of revenue and expenses over a period of time. A horiz...

Q: The Golden Mushroom has two classes of stock authorized: 8%, $10 par preferred, and $1 par value com...

A: The assets left in a company after all liabilities have been paid are referred to as stockholders' e...

Q: Coronado's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metro...

A: Standard cost accounting seems to be a very useful technique for managers trying to build a more rea...

Q: Isla Esme, Inc., sells tea products to various customers. In recent years, profits have been declini...

A: Total cost is determined astThe sum total of all the amount spent on the production of any product.

Q: American Importers reports net in profit rate was 60%, what was the

A: The cost of goods manufactured (COGM) is the sum of the cost of direct labor used, the cost of direc...

Q: PROBLEM SOLVING: The following balances were taken from the book of TIWALA-LANG Partnership as of Ju...

A: Solution Liquidation is the process by which an entity converts its assets to cash or other assets a...

Q: Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of...

A: Shares is an important source of capital for the business. Stock split means when one share of the c...

Q: Standard requires every stock corporation to disclose the amount of unrestricted retained earnings e...

A: treasury stock has another name treasury shares are required shared means previously outstanding sto...

Q: (a) What are long-term liabilities? Give three examples. (b) What is a bond?

A: Liability seems to be a debt owing by one firm to an individual or company who is not the owner of t...

Q: During production, to what are the costs in job order costing applied?A. manufacturing overheadB. co...

A: Job order costing system is generally used by the entities involved in the production of goods which...

Q: yeal is place)

A: Predetermined overhead rate = Total budgeted factory overhead / Total direct labor costs Total manuf...

Q: Mrs. Agustin is wholesale trader; following transactions are record in Accounting Equation? 1. Comme...

A: Accounting equation is one of the important concept used in accounting. There are three elements of ...

Q: ABC Company sells 75 units on June 3. The inventory data on that date are: Lot Date Acquired Units C...

A: Introduction: LIFO: LIFO stands for Last in First out. Which means Last received inventory to be sol...

Q: A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500...

A: Formula: Total purchases = Number of shares x Each share Purchase price

Q: Robert is the CEO of a closely held business, and he would like to provide life insurance to all of ...

A: Cash Value Life insurance : It is the cash amount offered to the policy holder by issuing the life c...

Q: Why is the power to tax is something called something the power destroy

A: The Government run  but it is the people who pay the Taxes and who elect the government to run the c...

Q: ABC has the following current assets: cash, $102 million; receivables, $94 million; inventory, $1...

A: The acid test ratio is a part of the liquidity ratio that indicates the firm's ability to payout its...

Q: A musical group plans to sell T-shirts bearing their logo at an upcoming concert. They find a suppli...

A: Formula: Logo charges = ( Number of T shirts ordered x Per T shirt charge ) + Set up charge

Q: Which inventory costing method is almost always done on a perpetual basis?A. specific identification...

A: There are two type of inventory systems that are being used. One is perpetual inventory system and o...

Q: Depreciation for Partial Penods Chambers Delivery Company purchased a new delivery truck for $62,500...

A:

Q: Condensed financial data of Crane Inc. follow. CRANE INC. Comparative Balance Sheets December 31 A...

A: A cash flow statement indicates cash inflow and cash outflow information of a particular time period...

Q: Magic Reaim, Incorporated, has developed a new fantasy board game. The company sold 60,000 games las...

A: Introduction: Income statement: All revenues and expenses are shown in income statement. It tells th...

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.