Taylor deposits $1500 in an account earning 4.7% interest compounded annually. How much will Taylor have in Sophia deposits $1500 in an account earning 4.7% interest compounded monthly. How much will Sophia have in the account in 8 years? Round answer to the nearest cent. How much more does Sophia make than Taylor? Round answer to the nearest cent.

Q: Arnina established a service business to be known as Arnina Photography on July 1, 2021. During the ...

A: The procedure of entering business transactions for the first time in the books of accounts is known...

Q: The below information is the same as the previous question. On January 1, 20X1, a company financed t...

A: Calculation of amount of sale reported are as follows.

Q: Jona Company received P 5,300,000 for a P 5,000,000 face amount 12% bond, a price that yields 10%. T...

A: Calculations of Interest expenses for 2020. Interest expenses = Face Amount *Bond rate              ...

Q: Gail , Inc. has a bonus plan covering all employees. The total bonus is equal to 10% of Gail 's prel...

A: Bonus = Income before bonus and tax x bonus rate

Q: . A ceramics manufacturer sold cups last year for P7.50 each. Variable costs of manufacturing were P...

A: Solution The problem relates to breakeven analysis and the cost volume profit analysis Mathematicall...

Q: A company just began business and made the following four inventory purchases in June: $ 990 1,344 1...

A: Under average cost method using periodic inventory system, value of ending inventory and cost of goo...

Q: In the course of your examination of the accounts of Toledo, Inc. you obtain the following informati...

A: Unamortized bond premium is the difference between the bond value (less of interest) and the carryin...

Q: What does it mean when we say that individuals as a group are net suppliers of funds for financial i...

A: The question requires the power of individuals to spent . Also where does they spent the remaining (...

Q: 0.15 0.05 001 -0.03 -0.01 0.09 the expected returns of the two stocks? the standard deviations of th...

A: The term expected return of stock refers to the profit or loss amount which investor anticipates on ...

Q: Adjustment for Accrued Revenues At the end of the current year, $17,810 of fees have been earned but...

A: In adjusting entry for accrued revenue we should debit account receivable and credit accrued fees ac...

Q: The selling price of the Appliances Company's units is P 80,000 each. The buyers are provided with a...

A: The warranty Expense is the expense estimated based on past year experience depending on sales incur...

Q: Depletion: Calculating and Journalizing Mineral Works Co. acquired a salt mine at a cost of $1,700,0...

A: Depletion refers to the depreciation of natural resources/wasting assets. Example: Coal, oil, metals...

Q: Toys Co. started a new promotional program. For every 10 box tops returned, customers receive a bask...

A: The correct answer calculation is given in the following steps for your reference. 

Q: Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,110 birdhou...

A: Break Even Units = Fixed Costs / Contribution Per Unit Break Even Sales = Break Even Units x Sale Pr...

Q: On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. A...

A: Inventory valuation method includes: First In, First Out (FIFO) Method Last In, First Out (LIFO) Me...

Q: Problem 2-5 Preparing the Statement of Comprehensive Income - Multi-Step (Function of Expense Method...

A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...

Q: Bond Issued at Par ABC company’s accounting year ends on December 31. On 2010 December 31, ABC issu...

A: Solution Bond issued at par means Issue price          =face value If bond is issued at par it means...

Q: Journal Journalize the two entries required to close the accounts. Refer to the chart of accounts fo...

A: Closing entries are those entry of a company that are recorded at the end of each accounting period ...

Q: Power Development Incorporation is expecting earnings before interest and taxes of P2 million for th...

A: Here details related with the calculation of project and its arrangement of fund for both debt and e...

Q: 3. The following data were taken from the statement of realization and liquidation of AAA Corp. for ...

A: First of all we find out opening capital. Opening capital = closing capital  + dawings - additional ...

Q: A company roll out its capital budget for the coming year at P20,000,000. The optimal capital struct...

A: Interest = Debt x Interest Rate A Stock Split is a corporate action which increase the no. of shares...

Q: n a period of rising prices, which method would yield the lowest ending inventory, highest net incom...

A: Inventory valuation refers to the methods used by the company to determine the value of its inventor...

Q: The entity has a long -term line of credit Matthew Co. includes one coupon in each bag of dog food i...

A: The correct answer is given in the following steps for your reference 

Q: The Kingdom Company uses a sales journal and a cash receipts journal to record transactions with its...

A:   Date  Account Debited  Invoice No.  Ref. Sales revenue Cr. Inventory (Dr.) 2 Oct  Ahmad Sabre...

Q: 1. NSF check from customer is returned on September 25 but not yet recorded by this company. Deducti...

A: Sometimes due to certain reasons the balance of the cash book and the bank statement doesn't matches...

Q: ulation of earnings available for common stockholders divided by common stock equity?

A: Shareholder Equity is the sum of Share capital and Shareholder funds ( Reserves and Surplus) . So it...

Q: Classify the following items that may cause discrepancy between accounting profit and taxable income...

A: 1. Collections of rental in excess of rent revenue reported during the period is a Taxable temporary...

Q: One of examples of contingent liability is an: * a. Obligations related to product warranties b. Po...

A: As per IFRS 37 provisions, contingent liabilities and Contingent assets. A provision is an present o...

Q: A.comply with the buyer's request.   B.advise the seller to accept the offer for $140,000.   C.tell ...

A: Broker obtains 120 days listing for $ 150000 on property.  Broker acting as sub agent for seller Bro...

Q: Beta industries produced an product, has provided its contribution format income statement for April...

A: Break even volume in units: = Fixed costs / Unit contribution margin Number of units sold=1600 units...

Q: Rooney Company incurred $280,000 of research and development cost in its laboratory to develop a pat...

A: A patent is the granting of a proprietary interest to an inventor by a sovereign authority. In retur...

Q: International Cargo Inc. which is subjected to 20% tax rate employs residual dividend policy to its ...

A: Introduction Residual dividend policy : Under this company uses earnings to pay capital expenditures...

Q: Company XY Sales are 6 800 000 € and fixed costs are 2 400 000 €. Variable costs are 4 284 000 €. Ca...

A: Contribution margin  = Sales - Variabl costs Contribution margin  % = Contribution margin  / Sales

Q: On Jan. 1, 2014, a company placed into service a machine that had an acquisition cost of $60,000, a ...

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets ...

Q: Sweet Tooth Candy Company has computed the net present value for capital expenditure at two location...

A: The question is based on the concept of Financial Management.

Q: During 2011, Vien Co. introduced a new line of machines that carry a three-year warranty against man...

A: Warranty liability = Total expense recognized - Actual warranty expenditure The question requires ca...

Q: Content * CengageNOWv2 On x Forms By Mail |USCIS X + Home USCIS 53'F ment/takeAssignmentMain.do?invo...

A: Internal Control: Internal controls are the components, rules, and systems executed by an organizati...

Q: When is it acceptable to use the uncollectible accounts? O when the expected bad debts are significa...

A: Solution: Direct write method is the method of recorded bad debts expense when actual bad debts expe...

Q: Emerson and Dakota formed a partnership dividing income as follows: 1. Annual salary allowance to Em...

A: In partnership, the net income should be distributed to partners in the profit sharing ratio. In the...

Q: In an activity-based costing approach, a factor that causes costs is known as a а. cost activator O ...

A: Cost driver is the main root cause for the occurrence of cost. It has a higher impact on the total c...

Q: lampett, Incorporated, converted to an S corporation on January 1, 2020. At that time, Clampett, Inc...

A: The capital gains tax is a tax applied on the profit gained on a sale of an investment. When you sel...

Q: Jane wants to buy a new car but has decided that by the time she saves $33000 to buy the new car she...

A: Option 1- Loan from Bank: Annual Interest Rate  8.50% Years 4 Payment per year 1 Amount 330...

Q: following three theories of corporate social responsibility: (i) shareholder value theory, (ii) stak...

A: These are three management theories 1) Shareholders value theory: shareholders value theory says tha...

Q: I need the answer as soon as possible

A: It is a multiple-choice question, In which we have to find out which option is correct.

Q: The assets and liabilities of Smith Company are as follows: Cash $28,650, Supplies, $840; Equipment,...

A: The accounting equation states that assets equals to sum of liabilities and shareholders equity. 

Q: Company H started its operations in 2021 and made the following asset purchases:   asset   purch...

A: GIVEN   Company H started its operations in 2021 and made the following asset purchases:   ...

Q: Requlred Informatlon Use the following information for the Exercises below. [The following informati...

A: 1. Depreciation- Depreciation is calculated to capture the wear and tear of the assets for the purpo...

Q: Current assets: P465,000 Cost of Goods Sold: P1,230,000 Inventories: P270,000 Average Inventory turn...

A: The ratio analysis helps to analyse the financial statements of the business.   

Q: The president of Christmas Corporation donated a building to Tuesday Corporation. The building had a...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: Balance sheet preparation Use the appropriate items from the following list to prepare in good form​...

A: Solution Working note Calculation of net income Sales Revenue 3564 Less cost of goods sold...