Questions And Answers Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans ountry Jeans Co. has an annual plant capacity of 66,800 units, and current production is 45,100 units. Monthly fixed costs are $39,600, and variable costs are $25 per unit. The present selling price is $33 per unit. On February 2, 2014, the company received an offer from Miller Company for 14,700 units of the product at $26 each 601 viewsDarshita asked June 22, 2017 0 Votes 1 Ans Beyer Company is considering the purchase of an asset for $280,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Year 4 Year 5 Year 1 Year 2 Year 3 Total Net cash flows $68,000 $40,000 $74,000 $140,000 $21,000 $343,000 Compute the payback period for this investment 1.03K viewsDarshita asked June 22, 2017 0 Votes 1 Ans A company is considering investing in a new machine that requires a cash payment of $60,949 today The machine will generate annual cash flows of $26,376 for the next three years. Assume the company uses an 8% discount rate. Compute the net present value of this investment. 1.09K viewsDarshita asked June 22, 2017 0 Votes 1 Ans Save & Santa Fe Retailing purchased merchandise “as is” (with no returns) from Mesa Wholesalers with credit terms of 2/10, n/60 and an invoice of The merchandise had cost Mesa $19.505. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. 1.21K viewsDarshita asked June 22, 2017 0 Votes 1 Ans Abbott Company purchased a computer that cost $10,000. It had an estimated useful life of 5 years and no residual value. The computer was depreciated by the straight-line method and was sold at the end of the fourth year of use for $3,000 cash. What is the journal entry to record the sale of the computer? 1.24K viewsAnonymous deleted answer June 20, 2017 0 Votes 1 Ans Accounting for Fiduciary Activities Agency and Trust Fund. 345 8-18 Tax Agency Fund. The county collector of Suncoast county is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. To reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1.5 percent from the collections for the town, the school district, and the other town. 1.50K viewsAnonymous deleted answer June 20, 2017 0 Votes 1 Ans following information was summarized from the adjusted balance of Reliance Yacht The Repair, as of Accounts 30, end trial year Accounts Payable of company’s the Receivable $1,500 Accumulated Depreciation-Equipment Common Stock 6,000 698 viewsDarshita asked June 20, 2017 0 Votes 1 Ans Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2017. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. 1.40K viewsDarshita asked June 20, 2017 0 Votes 1 Ans Brislin Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $213,000 and the following divisional results. 1.55K viewsDarshita asked June 20, 2017 0 Votes 1 Ans you are planning to save for retirement over the next 30years.To save for retirement ,you will invest $900a month in a stock account in real dollars and $450a month in a bond account in real dollars, the effective annual return of the stock account is expected to be 11percent,and the bond will earn 7percent. when you retire ,you will combine your money into an account with a 9percent effective return. the inflation rate over this period is expected to be 4percent. how much can you withdraw each month from your account in real terms assuming a 25-year withdrawal period? what is the nominal dollar amount of your last withdrawal? 842 viewsDarshita asked June 20, 2017 0 Votes 1 Ans When using the allowance method, after a company has previously written off an account, ________ 962 viewsDarshita asked June 20, 2017 0 Votes 1 Ans Cane Company manufactures two products called Alpha and Beta that sell for $190 and $155, respectively. Each product uses only one type of raw material that costs $8 per pound. T 1.36K viewsDarshita asked June 19, 2017 0 Votes 1 Ans following information was summarized from the adjusted balance of Reliance Yacht The Repair, as of Accounts 30, end trial year Accounts Payable of company’s the Receivable $1,500 Accumulated Depreciation-Equipment Common Stock 6,000 874 viewsDarshita asked June 19, 2017 0 Votes 1 Ans Solstice Corporation issued a 5% bond four years ago at par value. The market interest rate on comparable bonds today is 4%. A) This bond sells at a premium and the coupon rate is lower than the yield. B) This bond sells at a premium and the coupon rate is higher than the yield. C) This bond sells at a discount and the coupon rate is higher than the yield. D) This bond sells at a discount and the coupon rate is lower than the yield. 618 viewsDarshita asked June 17, 2017 0 Votes 1 Ans The Limberger Corporation declared a quarterly dividend of $0.10 per share. The ex-dividend date was July 15, the date of record was July 18, and the payment date was July 28. 916 viewsDarshita asked June 17, 2017 0 Votes 1 Ans Rob owns 300 shares of Blackwood common stock valued at $9 a share. Blackwood has declared a 3-for-1 stock split effective tomorrow. After the split, Rob will own A) 900 shares valued at about $3 a share. B) 900 shares valued at about $27 a share. C) 100 shares valued at about $27 a share. D) 100 shares valued at about $3 a share. 834 viewsDarshita asked June 17, 2017 0 Votes 1 Ans Mike bought 200 shares of EG stock two years ago at $16 per share. The stock has traded in a range of $21 to $44 a share over the past year. EG is now selling for $43.60 a share. EG announces its earnings today and Mike feels the stock could go to $60 on good news or fall to $30 on bad 887 viewsDarshita asked June 17, 2017 0 Votes 1 Ans On October 12, Kevin placed a day order to purchase 100 shares of ABC stock at $21 a share. During the day, the stock sold at prices ranging from $21.01 to $22.49. Over the following month the stock sold in a range of $21.60 to $23.05. On December 2, the market declined radically and the price of ABC stock dropped to $19.94 1.10K viewsDarshita asked June 17, 2017 0 Votes 0 Ans Ryan places a good-’til-canceled limit order to sell 300 shares of KM at $18 a share. When his order reaches the trading floor, KM is trading at $18.20. Which of the following statements is true concerning Roy’s order? 701 viewsDarshita asked June 17, 2017 0 Votes 1 Ans 12) McDonald’s stock is now selling for $92 per share. Kim wants to buy 100 shares but only if she can do so at $90 or less. She should place a(n) A) odd-lot order. B) stop order. C) limit order. D) market order. 922 viewsDarshita asked June 17, 2017 « Previous 1 2 … 36 37 38 39 40 … 128 129 Next »
