What is the approximate yield to maturity for a $1,000 par value bond selling for $1,120 that matures in 6 years and pays 12 percent interest semiannually?

Q: The following data were included in a recent Mango, Inc. annual report ($ in millions):   In milli...

A: The fixed assets turnover ratio is calculated as net sales divided by average fixed assets. Fixed as...

Q: Fanning is a retail company specializing in men's hats. Its budget director prepared the list of exp...

A: Selling and Administrative Expenses Selling and administrative expenses which is considered to be im...

Q: Fox Corporation had the fölloWing Preferred Stock, 5%, $40 par, 30,000 shares authorized, 10,000 sha...

A: Journal Entries    S. No. Particulars Ref Debit  Credit 1 Cash A/C                             ...

Q: When adjusting entries were made at the end of the year, the accountant for Parker Companydid not ma...

A: Adjusting entries refer to the the journal entries which are passed at the end of accounting period ...

Q: The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 20...

A: Inventory cost by the average cost method=Ending Inventory Units×Total Cost Goods Available for Sale...

Q: Which of the following statements is true regarding CVP analysis? Select one: A. CVP is only useful ...

A: Fixed Cost: The fixed cost is a a type of cost that remains constant whether the activity level of p...

Q: On 30 June 2020, James Ltd acquired a machine for $200 500 cash, with an expected useful life of ten...

A: Fair Value Valuation of Non Current Assets While adopting the fair value valuation it can't measure ...

Q: 1. Under a negotiated contract of Php 178M, a contractor actually spends Php 152M upon completion of...

A: Profit In accounting, profits refer to the actual money left out in the business after accounting fo...

Q: What mechanisms operate the chain of building relationship equity?

A: The answer is stated below:

Q: On July 1, 2016, Rotan Corporation paid $72,000 cash for a three year insurance premium. What adjust...

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

Q: Instructions Fees earned $1,470,000 Office expense 309,000 Miscellaneous expense 26,000 Wages expens...

A: Closing Journal Entries No. Account Titles and Explanation Debit Credit 1 Fees Earne...

Q: following account balances: Sales - P120,000; Cost of goods sold - P60,00O; Salary expense P10,000; ...

A: The income before tax is calculated as income before deduction of any income tax on the income.

Q: Dexter company manufaturing costd were as follows: Direct material and Direct Labor P 100,000 Depr...

A: Lets understand the meaning of prime cost. Prime cost is a cost incurred to manufacture the product ...

Q: How do you differ a public corporation from a private corporation? give examples-names, purpose or o...

A: Corporation- A corporation is a legal entity with the identity of a legal person that was formed by ...

Q: f the utility stock purchased their shares through an online brokerage, whereas Tony and the owner o...

A: From this clue, we can say that Anita is not the owner of the utility stock and Tony is not the owne...

Q: Which of the following is not a correct definition of the breakeven point? A.the point where total ...

A: At Breakeven Point, Total Profits are equal to zero, Contribution Margin equal to Total Fixed Expens...

Q: ase r

A: In this question, we have to solve different parts according to the question.  

Q: Identify false statement(s) about estimating ending inventory using the retail inventory method.  1...

A: As per FIFO method, it is assumed that inventory purchased first is sold out first and ending invent...

Q: 10. An increase in an expense is always recorded as a debit. True O False 11. An account balance is ...

A: 10. An increase in expense is always recorded as a debit. 11. An account balance is the difference b...

Q: eston Products manufactures an industrial cleaning compound that goes through three process- ing dep...

A: Process costing is a costing method which is mainly used where similar goods are produced in a mass ...

Q: Required: Compute the following variances in terms of contribution margin: 1. Compute the total sale...

A: Furniluxe manufactures two types of study desks -  one for the residential market other for the scho...

Q: 1: Cyrell Company issued 200,000 shares of P5 par value at P10 per share. On January 1, 2019, the re...

A: Introduction Retained earnings are the earnings that is left after dividend distribution to sharehol...

Q: The following cost have been estimated based on sales of 30,000 units Direct materias P300,000 (100...

A: Variable overhead = P250,000 x 50% = P125,000 Variable S&A = P150,000 x 30% = P45,000

Q: Given the dual effects of accountable events, an decrease in an asset cannot possibly be accompanied...

A: Assets = Liabilities + Stockholders equity Every transaction has dual effect .  The question is rela...

Q: Exercise 10-30 Reconstructing Standard-Cost Information from Partial Data (LO 10-1, 10-3) Part of yo...

A: Direct materials quantity variance is calculated as difference between standard quantity and actual ...

Q: A mortgage loan should be fully repaid in 48 monthly installment of Rp5 million. If the loas is Rp20...

A: The formula of loan amortization: Loan amortization = Total installment - outstanding balances * ( r...

Q: What is the cost of the new building?

A: Cost of construction is the building is the cost which has been associated with the construction of ...

Q: Schylar Pharmaceuticals, Inc., plans to sell 120,000 units of antibiotic at an average price of $18 ...

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get...

Q: Adjusting Entries for Prepaid and Accrued Taxes A-Z Construction Company was organized on May 1 of t...

A: Adjusting entries are prepared after preparation of adjusted trail balance. 

Q: Using the following data, apply the high-low method of cost analysis to the three cost data groups: ...

A: In this question, we have to find out the pattern behavior of each group.

Q: 3. Daniel Corp.'s trial balance reflected the following account balances at December 31, 2021: Accou...

A: Current Assets Total = Accounts Receivable + Trading Securities + Cash + Inventory + Prepaid Expense...

Q: The following questions are based on the material in Chapter 15: 19. Ledger Account balances (prior ...

A: Balance day adjustment reflects the adjustment in certain accounts for unrecorded revenue and expens...

Q: 3. NASA is considering two materials for use in a space vehicle. The costs are shown beloW. Which sh...

A: Present Worth=-Intial cost-Annual cost×(P/A,i,n)+Salvage value×(P/F,i,n)

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A: The variable cost are effected with changes in number of units produced.  The fixed cost remains con...

Q: Anne Corp. issued $600,000, 5% bonds.Required:Prepare the necessary journal entries to record the is...

A: Sno Account Titles and Explanation  Debit   Credit  A Cash  $ 600,000     5% Bonds Payable    $ ...

Q: An invoice of OMR 15000 with the terms 6/10, 3/15, n/30 is dated on June 15. The goods are received ...

A: Given: OMR 15000 invoice terms 6/10, 3/15, n/30 dated 15 June. June 23, such goods were received. B...

Q: A corporation creates a sinking fund in order to have $640,000 to replace some machinery in 10 years...

A: Future Value- Future value is the price of an asset at a particular date. It measures the supposed f...

Q: Case Analysis Case 1 Maria has extra money, and she is planning to buy certain income earning assets...

A: Maria wants an investment option where she gets money in parts or full, whenever she wants.  The bes...

Q: McKenzie purchased qualifying equipment for his business that cost $212,000 in 2021. The taxable inc...

A: Deduction- A deduction is an outflow that can be deducted from a taxpayer's gross income in order to...

Q: The Statement of Financial Position of Oliver Ltd as at 30 June 2021 showed the following assets and...

A: Deferred tax: Deferred tax is the effect of timing or temporary differences. The difference between ...

Q: how may resources in the general fund can be assigned to a specific purpose (if that is the intent o...

A: The gap between assets as well as liabilities throughout the government expenditures balance sheet i...

Q: Vibo Corporation had 90,000 shares outstanding in Jan 2020. The corporation distributed 15% share di...

A: Share Dividend: It is the dividend paid to shareholders by providing  additional shares of  company....

Q: Actual Costing Production Cost, Unit Cost, Net Income and Inventories 2. CABADBARAN CORP., produces ...

A: Using throughput costing method, the direct materials cost is treated a variable cost and other manu...

Q: The following cost have been estimated based on sales of 30,000 units Direct materias P300,000 (100...

A: Introduction:- Calculation of variable cost per unit as follows under:- Calculation of Variable cost...

Q: ABC Company has sales of $500,000, COGS of $250,000, operating expenses of $200,000, net income of $...

A: Formula: Times interest ratio = Operating income / interest expense

Q: roblem 3. Hach Company has accounts receivable of $95,100 at March 31, 2018. An analysis of the acco...

A: A bad debt seems to be a cost incurred by a firm when the repayment of previously granted credit to ...

Q: ance corporation has the following shareholders equity accounts reference share 10%, par 50 issued a...

A: Cumulative prefrence share : These are the shares on which dividend is payable for all the year for ...

Q: The following information relates to manufacturing business Direct materials 5 kgs x $8 per kg Direc...

A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor effi...

Q: Branson Electric prepared the following condensed income statements for two successive years.     ...

A: Lets understand the basics. For calculating corrected net income, we will need to use below formula....

Q: A customer of Mutare paid for merchandise originally purchased on account with a check thathas been ...

A: Adjusting journal entry: At year-end when the company finalizes its accounts then any unrecognized i...