What is the effective annual rate of interest if $1000.00 grows to $1400.00 in two years compounded quarterly The effective annual rate of interest of a percent in %

Q: A company with excess capacity must decide between scrapping or reworking units that do not pass…

A: Incremental income is the amount of extra money earned by putting an extra effort on products or…

Q: Green Company has beginning inventory of 20 units at a cost of $12.00 each on May 1. On May 5, it…

A: FIFO: FIFO stands for First-In, First-Out.  In this method inventory purchased first will be sell…

Q: Discuss FOUR (4) strategies that Phoenix Textile can consider to improve its profitability.

A: Every business wants to make the business profitable but why the profitability will be achieved is…

Q: On January 1, 2015 P company acquired 80% interest in S Company for P2,000,000 cash. The…

A: Lets understand the basics. When acquisition made by one company to another company then non…

Q: Required information [The following information applies to the questions displayed below.] A company…

A: calculation of internal rate of return are as follows.

Q: On January 1, 2019, Brazeau Transport purchased a $165,000 truck for hauling cattle across the…

A: Amortization expense is the one which is recorded to report the regular usage of the asset in the…

Q: rate of 12%, find whether it is worth replacing the present machine with the new machine.

A: When we have to evaluate two or more alternatives financially, we compare their cost of acquisition,…

Q: to production for the month of June 20X22 for Process 2. Work-in-process, beginning inventory: -0-…

A: Conversion costs refer to the compiled cost of labor and factory overhead costs, basically the…

Q: B. PROPERTY, PLANT AND EQUIPMENT Gabaldon Company's property, plant and equipment and accumulated…

A: Depreciation expense is the amount used to depreciate a company's assets for a certain period of…

Q: On January 1, 2021, Wilke Corp, had 480,000 shares of common stock outstanding. During 2021, it had…

A: Company's profitability can be identified by earnings per share as it shows earnings per share and…

Q: 11. What is the process by which the cost of a fixed asset over its estimated useful life is…

A: Depreciation is the decline in the usefulness, functionality, and/or value of the asset and the…

Q: DITO Corp. a telecommunications operator, entered into a one-year contract with Kim on March 1,…

A: Here their are two performance obligations  1.Apple I-phone handset 2. Network service  As per IFRS…

Q: Phoenix Management helps rental property owners find renters and charges the owners one-half of the…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: 9. The adjusting entries made at the end of an accounting period may be classified into four…

A: The adjusting entries are the entries that are prepared at the end of the accounting period to…

Q: Which of the following is true regarding Management's Discussion and Analysis (MD&A)? MD&A should…

A:

Q: Chapter 8 Quiz i 1 Mike Smith is a college football coach making a base salary of $960,000 a year…

A: INTRODUCTION: Taxes are mandatory obligations collected by governments. The Internal Revenue Service…

Q: Spiderman offered, in writing, to sell Black Widow a piece of land for $200 Spiderman signed the…

A: to ask if somebody would like something or to give somebody the chance to have something. When one…

Q: Required information [The following information applies to the questions displayed below.] Lionel is…

A: Calculation of above requirement are as follows:

Q: 1) Calculate a business's inventory turnover rate if the opening inventory is valued at $1,800 and…

A: As both question are different ,as per the guidelines i can provide the answer for one question (i.e…

Q: Problem 8-12 Modified Accelerated Cost Recovery System (MACRS), Listed Property, Limitation on…

A: The solution is based on the MACRS general depreciation system (GDS), and all assets are non-farm…

Q: Oaktree Company purchased new equipment and made the following expenditures: Purchase price Sales…

A: Introduction: Accounting journal entries are used for physical payment transactions in the…

Q: The following information applies to the questions displayed below.]   Simon Company’s year-end…

A: Solution: Days sales uncollected is computed as = Average accounts receivables * Nos of days in year…

Q: Giga company had the following account balances at the end of its fiscal year. What is its net…

A: Net income of the business can be computed with the help of total sales or receipts where it was…

Q: PPE B. Show the lapsing schedule as of December 31, 202

A: Lapsing scheduled of Fixed Assets :  It  is a spreadsheet that lists the purchase date,…

Q: McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two…

A: Assets turnover ratio = Net Sales/ Average Total Assets

Q: Carmel Corporation is considering the purchase of a machine costing $54,000 with a 7-year useful…

A: Lets understand the basics. Accounting rate of return is a net profit generated using average…

Q: Siegel Company spent $14,000 on direct supplies and $19,000 on compensation for manufacturing…

A: Related to sales revenue for such units sold, manufacturing costs for the units sold, and overall…

Q: Taxpayer, age 63 and si

A: Tax is a liability of every citizen that is to be paid to the government of the country. Tax is the…

Q: Richard had a computer crash and lost most of his personal data including the private keys to his…

A: Introduction: When Crypto can no longer be spent, it is deemed destroyed. Secret keys are used to…

Q: A machine costs $600,000 and is expected to yield an after-tax net income of $23,000 each year.…

A:

Q: The Owner's Capital has a beginning balance of P500,545. The owner gave P300,000 additional…

A: The fund invested by the owner in the business is known as Owner's Equity. Ending Owners' capital =…

Q: pper, a single taxpayer, has nvestment partnership. Wha 21,621 21,700 23,049 22,047

A: Self-employment tax refers to the type of tax an individual has to pay over the income gained…

Q: Determine the amount of revenue recognized for each of the following items and whether the revenue…

A: Here discuss about the details of the restricted net assets fund for both donor restriction and…

Q: . The following information relates to a retail company for the year ending 31 December Budgeted…

A: Margin of safety=Budgeted sales revenue-Breakeven sales revenue

Q: Bold Stapler Sales Company (BSS) began 2021 with cash of $80,000, inventory of $7,200 (400 staplers…

A:

Q: lowing details relate to production for the month of June 20X22 for Process 2. Work-in-process,…

A: Abnormal spoilage refers to the form of an expense item which is considered as controllable to an…

Q: The trial balance of Windsor Fashion Center contained the following accounts at November 30, the end…

A: Closing entries are the entries recorded in the books at the end of the period to close the…

Q: Marvel Parts, Incorporated, manufactures auto accessories. One of the company’s products is a set of…

A: Variance means the difference between the standard and actual costs. In other words, the variation…

Q: Mist, Inc. provides free meals in an employee cafeteria for its employees. The employee cafeteria…

A: An operating department oversees the production process from start to finish. The goals and…

Q: Journalize the following, assuming a 360-day year is used for interest computations: Apr. 30 Aug. 30…

A: The accounts payable is reduced with issuance of note payable to creditors. The accounts payable…

Q: McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two…

A: Return on Asset is a type of Ratio which comes under Profitability Ratio Category.It gives how much…

Q: Nosh Company maintains a petty cash fund for small expenditures. These transactions occurred during…

A: Day to day expenses of an company was managed by keeping effective petty cash fund in which all the…

Q: The data given below relate to Frempomaa Ltd. for the year ended 31/12/2000: Fixed factory overhead…

A: The income statement is prepared to record the revenue and expenses for the current period. The…

Q: A company is planning to purchase a machine that will cost $42,000 with a six-year life and no…

A: Payback Period The acceptability of a project is determined by a variety of factors, one of which is…

Q: SafeLife Incorporated has been producing candles with an added ingredient that was advertised to rid…

A: In management accounting, the phrase "relevant cost" refers to avoidable expenses that are only…

Q: C. RECEIVABLES The Vigan Company included the following in its notes receivable as of December 31,…

A: A Financial Asset shall be measured at its Fair Value upon Initial Recognition at Amortized Cost.…

Q: Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book…

A: Assumptions Cost savings from new alternatives also calculated for next five years because no…

Q: The acquisition of a used machine with a purchase price of $44,994, requiring an overhaul costing…

A: Debit to the asset account implies that the business possesses more (for example builds the…

Q: Which of the following statements are true? 1. A cost driver is a factor, such as machine-hours,…

A: Direct costs are those costs which are directly involved in converting raw material into finished…

Q: Harris Company manufact A partially completed schedule of the company's total and per unit costs…

A: Answer -    Part 1 -  Units Produced and Sold    53000 73000 93000  Total Costs:…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.