ACC 401 Exam 2 Fall 2023 Solution

B ch01 (Fall 2021 w https://education.wiley. B Present Value Tables (1. Final Exam (Fall 2020) - Final Exam (Fall 2020) -/6 Question 24 of 50 View Policies Current Attempt in Progress Sheridan Manufacturing Company expects the following sales in January, February, and March: Cash Credit Sales Sales $50900 $250500 January February $45900 $240500 March $85000 $325000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March? O $352150 O $364675 O $410000 O $279675 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air esc 888 FT F2 F3 F4 F5 F6 F7 F8 @ # 2$ 4 & * 6. 7 8. Q W

Spring 2021 Final Exam(2) Saved to this PC - Sareh ferences Mailings Review View Help AaBbCcD AaBbCcDc AaBbC AaBbCcC AaB I Normal T No Spac. Heading 1 Heading 2 Title Paragraph Styles 9-EZ Way has a market value equal to its book value. Currently, the firm has excess cash of $9000, other assets of $30,000 and equity of $15,000. The firm has 1,200 shares outstanding and net income of $1000.EZ Way has decided to spend one-third of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? 10-What is the approximate yield to maturity for the following bonds? Assume these are bonds issued in the United States. a.5 years to maturity, 6 percent coupon rate, current price is $950. b.10 years to maturity, 0 percent coupon rate, current price is $339. c. 15 years to maturity, 8 percent coupon rate, current price is $1030. 11- A firm has only $10,000 to invest and must choose between two projects. Project A returns $12,400…

L Download Onfo DO Exam Three Practice Exercises (Blank).pptx Page of 6 ZOOM + Pretax financial income $480,000 Estimated litigation expense 189,000 Installment sales (160,000) Taxable income $509,000 The estimated litigation expense of $189,000 will be deductible in 2021 when it is expected to be paid. The profit from the installment sales will be realized in the amount of $80,000 in each of the next two years, estimated Iliability for litigation is classified as noncurrent and the installment accounts receivable are classified as $80,000 current and $80,000 noncurrent. The income tax rate is 30% for all years. Income tax expense 46°F Mostly clear ENG INTL ovo

The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac 2020: Particulars RM 63,030 1,620 800 Capital Carriage in Cariage out Purchases Office equipment Motor vehicle Sales Wages and salaries Rent and rates 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,30 9,600 3,180 28,400 16,440 Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle Office equipment Provision for doubtful debts Drawings Cash at bank Cash in hand Stock as at 1 April 2019 Return inwards Return outwards 4,250 4,000 500 13,570 6.200 300 8,000 3,800 2.900 Additional information as at 31 Mac 2020 Stock on hand was valued at RM8.800 Rent and rates prepaid RM1.200 POCO SHOT ON POCO F2 PRO

ing 2021 Final Exam(2) - Saved to this PC - ences Mailings Review View Help 三三|ALT AaBbCcD AaBbCcDc AABBCC AaBbCcC AaB I Normal I No Spac. Heading 1 Heading 2 Title Paragraph Styles 4- The Robinson Company has the following current assets and current liabilities for these two years: 2016 2017 $50,000 350,000 500,000 $900,000 $250,000 $150,000 $200,000 $600,000 Cash and marketable securities Accounts receivable Inventories $50,000 300,000 350,000 $700,000 $200,000 Total current assets Accounts payable Bank loan Accruals Total current liabilities $150,000 $350,000 a. Compare the current ratios between the two years. b. Compare the acid test ratios between 2016 and 2017. Comment on your findings. ABC stock on July 15th. On July 5- You purchased 200 shares 100 shares and then on July 22st you purchased your final 200 shares of ABC stock. The company declared a dividend of $1.10 a share on July 5th to holders of record on Friday, July 23rd. The dividend is payable on July 31st. How much…

Start $1.00 23456 89 10 TV Key Assumptions Construction cost ($) Loan ($) 1,000,000 500,000 Loan interest rate Loan term (yrs.) Hangar space (sq.ft.) Rent ($/sq.ft. per month) 4.8% 22,000 1.30 Rent inflator 2.0% Operating Costs ($/yr.) 140.000 Cost inflator 2.0% Tax rate 21.0% Discount rate 6.5% Depreciation/year ($) 20,000 Cash Flows Rent Income Rent Income = Square Footage x S1/sq.ft x 12 months minus: Operating Costs minus: Interest minus: Depreciation = Taxable Income minus: Taxes = Net Income minus: Principal = Net Operating Cash Flow minus: Cash Outlay at Start plus: Depreciation Total Cash Flows NPV IRR Note: Tax shields are the tax gains from expensing interest and depreciation. The formula is interest or depreciation expense times the tax rate

5 ! Part 5 of 15 0.4 points eBook Print References Required information [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,400,000 680,000 720,000 440,000 $ 280,000 $875,000 At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales $ 480,000 Contribution margin ratio Fixed expenses 80 % of sales $ 336,000 The company's minimum required rate of return is 15%. 5. What is the turnover related to this year's investment opportunity? Note: Round your answer to 1 decimal place. Turnover

Question Content Area Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank in the amount of $640,000. The terms of the loan are 3.1% annual interest rate and payable in 8 months. Interest is due in equal payments each month. Question Content Area A. Compute the interest expense due each month. If required, round final answer to two decimal places. $fill in the blank a1966f06806a02f_1   Question Content Area B. Show the journal entry to recognize the interest payment on October 20, and the entry for payment of the short-term note and final interest payment on May 20. If required, round final answers to two decimal places. If an amount box does not require an entry, leave it blank. Oct. 20   - Select - - Select -     - Select - - Select - May 20   - Select - - Select -     - Select - - Select -     - Select - - Select -

Th/r olqj8ar9 Tutorial 9 Submission date: 18 January 2021 before 12.00pm 1. At 31 January 2020 the following trial balance was extracted from the books of Yusiti. Particulars Debit Credit RM RM Capital 1 February 2019 Vehicles at cost 101,430 Equipment at cost Purchases and sales 35,000 80,000 284,680 503,520 Provision for depreciation at 1 February 2019: Vehicles 21,000 35,000 650 Equipment Return inward and return outwards Finance expenses Stock at 1 February 2019 Vehicles expenses Rent, rates and insurance Office expenses Drawings Petty cash Wages and salaries Bad debts Debtors and creditors Cash at bank 1,340 1,220 25,570 4,930 7,420 21,940 23,550 200 95,370 1,240 83,210 14,880 680.550 680.550 18,950 TOTAL Additional information as at 31 January 2020. No. Particulars i. Stock valued at i. Insurance prepaid iii, Goods taken from stock for own use iv. Wages due v. Provision for doubtful debt required vi. Provision for depreciation is to be provided as follows: RM 29,750 340 420 2,400…

Show the solution in good accounting form How much continuing franchise revenue be recognized on December 31, 2020 assuming the sales of P 4,987,500 was generated for the first year of operations? A. Zero B. P 190,000.00 C. P 49, 875.00 D. P417, 591.50

Question 5 (Marks: 30)Consider the info provided below as well as the financial statements and answer the questionsthat follow. Pearson & Litt is a manufacturing company in the Eastern Cape. Their factory manufactures glasswine bottles for the Blue Valley Beer Co. 2019 2020Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 00018; 19; 20 2020© The Independent Institute of Education (Pty) Ltd 2020Page 11 of 12Q.5.1Q.5.1.1 Calculate the break‐even point for Pearson & Litt for 2019 and 2020. (7)Q.5.1.2 Compare the results of the 2019 and 2020 break‐even point and explainwhy there might be a difference.(3)Q.5.2 The current ratio reflects the relationship between the value of the current assetsand the extent of the current liabilities of a business.…

9 The number of employees working for Sprockets R Us in 2000 was 23,306, with an expected decrease of 3.5 % per year. At the percent of decrease given, what was the expected number of employees working at Sprockets R Us in 2001? Round your answer to the nearest whole number. Answer How to enter your answer (opens in new window) 40°F Cloudy 1 4x Q A Tutor © 2023 Hawkes Learning Z 2 W S F2 alt X # 3 JA F3 E D DII $ 4 F4 R F % 5 ‒‒ - FS T JOU G Q Search 200 6 F6 B Y 34 H & 7 N U 包。 J 8 I M ( 9 K prt sc O (CELL) . alt F10 L JU O home P : ctri Skip Try Similar + 21 ? insert 1 " } 1 delete backspace Keypad Keyboard Shortcuts Submit Answer 1 0 pg num enter lock shift 7 > CE 4 1 5:5 2/10, 8 1

Воx Statement creditors buildings furniture borrower 50000 150000 125000 75000 100000 first term 75000 125000 150000 100000 125000 last period 40 Note that withdrawals are 15,000, while additions are 40,000 1/, 1 Required / As the financial accountant of the company, determine the result of the activity from profit or loss for the year 2020 according to the single-entry method.

Score released: REIN300 Assess x E BFIN300 Assessment 2 m/forms/d/e/1FAlpQLSc5SjbreWzC0 VZPB352KWagrUU-yugkfRTKBEPK laptive Math | Ad. O New Tab X 1. Sarah now has $2,000. How much would she have after 2 years if she leaves it invested at 2% with annual compounding?* O a) $2,081 Ob) $2,800 O c) $2,900 O d) $245 e) None of the above Correct answer O a) $2,081

P DOSS 10 2UZOZ7 TINAL DAIVIINATION BOSS T04 SPRING 21 / FINAL EXAMINATION SPRING 2020-2 Some selected financial statement items belonging to Mirbat Company are given in the table below. According to this information, which of the following is Receivables Turnover ratio? Average Receivables 15,000 Sales 77,000 Gross Profit 30,000 Non-current Assets 80,000 Sales returns 2,000 Shareholders' Equity 65,000 Select one: O a. 0.20 O b. 5 O c 3.33 O d. 5.13

Question 5 -/1 View Policies Current Attempt in Progress Marigold Corp.reported the following items for 2019: $50000 Income tax expense Contribution margin 120000 Controllable fixed costs 80000 Interest expense 62000 Total operating assets 28000 How much is controllable margin? O $50000 O $30000 O $40000 O $120000

.ull Airtel TZ 3G 10:08 @ 12% I 4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: Particulars Debit Credit RM RM 377,000 432,000 102,000 625,000 950,000 Purchases and Sales Plant and machinery Vehicles Land and building Accumulated depreciation: Plant and machinery Vehicles Discount allowed and discount received Returns inwards and returns outwards Carriage inwards Carriage outwards Custom duties Drawings Provision for doubttul debts Salaries and wages Electricity and water Rent and rates Insurance Mortgage on land and building Repairs and maintenance Commission earned Accounts receivables Account payable Inventory-1 April 2019 Cash at bank Capital 175,000 39,000 760 12.200 1,500 44,000 4,700 5,500 15,400 3,600 2,000 300,000 65,000 4,000 55,000 450,000 6,300 95,000 187,000 166,500 51,000 41,100 429,640 2,320,100 2,320,100 TOTAL The following additional information is to be taken into consideration: i. Increase in provision for doubtful…

AHEAD | Login FA_21BUS101A-END-SEM ASSIGI X https://aheadonline.amrita.edu/courses/34/assignments/2033?module_item_id=9674 Discussions 1. From the following Trial balance , you are require to prepare the final accounts for the year ended 31st December 2020. Grades Particulars Amount (Dr) Amount(Cr) 4,80,000 Сapital Drawings Land & Building People 1,35,000 4,50,000 Pages Account Creditors 3,15,000 Files Plant& Machinery 1,20,000 Purchase returns 7,950 Syllabus Bills receivable 18,000 Dashboard Sales 6,54,000 Quizzes Opening stock 1,20,000 1,53,000 78,000 1,500 3,000 1,14,000 10,200 79,800 1,35,000 3,600 6,000 18,000 11,850 Courses Modules Purchase Wages Carriage outwards Carriage inwards Salaries Calendar Discount Inbox Bank balance Debtors Bad debts Sales returns Furniture Advertisements Total 14,56,950 14,56,950 Adjustments: Stock on 31st December,2020 is Rs. 1,05,000 Machinery & Furniture to be depreciated @ 10%. Wages outstanding is Rs. 4,50O Prepaid Advertisement is Rs.1,500 A…

< + .. + Sheet1 FINA310 IP TEMPLATE FOR STUDENTS Student name: Date: ACTUAL FORECAST Current Year Next Year Total Revenue 71,879 Cost of Revenue (51,125) Gross Profit 20,754 Operating Expenses: Selling, General, and Administrative (14,248) Research and Development Special Income/Other Charges S (2,194) Total Operating Expenses (16,442) Operating Income S 4,312 Net Interest Income (666) edite Pre-Tax Income 3,646 Provision for Income Tax (19.5%) (711) Net Income 2,935

R Choose the correct answer below More Info Investment cost $120 $170 $270 $420 $540 $720 (thousands) Annual revenue minus expense (thousands) $17 $44.5 $57 $89 5 Si11.5 $145.5 IRR on total 14.2% 26 2% 21.1% 21.3% 20.6% 20.2% investment Print Done Check Answer.

Final Exam (Fall 2020) -/6 > Question 22 of 50 View Policies Current Attempt in Progress Sheridan Corporation's Perfume division has a segment margin is $92000 for the current reporting period. Total assets at the beginning of the period were $807000 and $907o00 at the end of the period. What is the division's ROI? O 9.42% 10.74% O 11.40% O 5.37% Attempts: 0 of 1 used Submit Answer Save for Later MacBook Air esc 80 F3 888 F1 F4 44 トII F6 - 19 F8 @ #3 24 % & * 6. 7 8 9. W T Y. A D F H K く○

1-What will be the net income? a. 72000 b. 56000 c. 16000 d. 338000 Clear my choice Question 43 Not yet answered Marked out of 1.00 Flag question Question text What will be the Gross Profit at the end of the year December 2019 a. OMR 56000 b. OMR 16000 c. OMR 338,000 d. OMR 336,000 2-What is the Gross Margin in terms of Percentage? a. 16.66 b. 16.56 c. Cannot be determined d. 20.66 3-What will be the total operating expense? a. 21500 b. 53200 c. 41200 d. 19700 4-What will be the total Selling and distribution expense? a. 41200 b. 19700 c. 14800 d. 17200

104-Principles of Management Acco y courses/ BUSS 104-2-20202 / TEST 2 SCHEDULED FOR 12TH APRIL 2021 IN CL The BCD Company had the following income statement on 31.12.2020 Deprecation 10000 Net income 190000 OMR The following accounts decreased during 2020: Accounts receivable 22000 inventory 15000 OMR. Rent payable 19000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 13000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: O a. 245000 OMR O b. NONE OF THESE Oc. 217000 OMR O d. 249000 OMR Next page page s unit 4 Jump to.. nned in se Moor Rakhit Almaschani na uth

10:01 ull LTE 4 Davida practice question- financia... Question I Below is the trial balance extracted from the books of Election Petition Ghana Enterprise at the end of the year 2020. DR CR GH¢ GHe 195,000 445,000 Capital Revenue Purchases 255,560 Inventory at 31/12/2019 Land and Building 86,700 35,200 7,480 50,000 16,350 20,420 2,850 Distribution Trucks Deep Freezers and Bicycles 20% Long term Loan 1000 Interest on loan 150 Carriage inwards 100 Purchases returns 8,520 40,600 36,760 Cash and Bank Trade Receivables 65,000 2,180 Trade Payables Provision for doubtful debts Vehicle running expenses Utilities 19,990 32,650 19,250 22,900 39,750 50,860 Fuel Sales promotion and advertising Selling expenses Salaries Insurance 21,410 Transportation expenses 11,950 Rent income received 450 Income from the sale of empty bags and scraps 390 Discounts Allowed 90 Discounts Received 120 744,340 744,340 The following information is also provided: a) Inventory in trade were valued at GH¢51,700 at the…

hapter 15, 16, and 17 Saved education.com%252F#/activity/q Help Save & E Isaac Incorporated began operations in January 2024. For some property sales, Isaac recognizes income in the period of sale for financial payments. reporting purposes. However, for income tax purposes, Isaac recognizes income when it collects cash from the buyer's installment In 2024, Isaac had $712 million in sales of this type. Scheduled collections for these sales are as follows: 2024 $ 68 million 2025 148 million 233.53 2026 147 million 2027 170 million pped 179 million eBook eferences 2028 $ 712 million Assume that Isaac has a 25% income tax rate and that there were no other differences in income for financial statement and tax purposes. Ignoring operating expenses, what deferred tax liability would Isaac report in its year-end 2024 balance sheet? Note: Round your answer to the nearest whole million. MC Graw Type here to search Multiple Choice # 2 3 W E R 4. S Z Alt C 85 00 9:25 PM High winds soon ^ la 4»)…

ye тин 6 Note Solve all insurance QNO! operation total P₂ Solve full 13 -A project capatalized for in depredade invested earn PSoroso assets will annual in 10 years 90009 Cost the income first esch Componey expects to earn is year, will cost The and mes maintenance faxes and full accurate a uniform of p19, 249 costs of 4% of the year. If the its capital Justify you 12% before income taxes. investment worthwhile? Answer

37-On 1st July 2020 Bashir purchase a machine for RO 15,000. The terms of purchase was 20% cash and the balance to be paid in monthly instalments of RO 500. What amount of the loan will be disclosed under current liabilities in the balance sheet on 31 Dec 2020? a. RO 7,000 b. RO 6,000 c. RO 5,000 d. RO 3,000

HRM ASSIGNMENT- MBA II SEM POF Entrepreneurship_MBA II Sem.pd x PDE Financial Management - MBA II X O File | C:/Users/ANIKET%20PATWA/Downloads/Financial%20Management%20-%20MBA%2011%20Sem%20.pdf (D Page view A Read aloud V Draw E Highlight 1 of 2 ++ Erase Profit Rs.10,000 Variable Cost 70% 4. The comparative statement of two companies, namely Radha Co. Ltd and Mohan Co. Ltd. given below: Particulars Radha Co. Mohan Co. Sales 400000 400000 Variable Cost 200000 200000 Contribution Calculate? Calculate? Fixed Cost 100000 EBIT Calculate? Calculate? Interest 1000 EBT Calculate? Calculate? You are required to calculate different leverages, and comment which company is better in financial terms, assuming the rate of taxes is 30% and number of shares is 6000. 5. N O 15:58 O Type here to search a 4)) ENG 25 03-05-2021 +

Tutorial 12 Submission date: 1 February 2021 before 12.00pm 1. The statement of financial position of Fateh Enterprise, a sole trader, for two successive years are shown below, Statement of Financial Position as 31 December 2019 2020 RM RM RM RM Non Current Asset Land and premises (cost RM52,000) Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 19,600 59,600 58,250 Current Asset Inventory Trade account receivable Bank 6,600 17,800 6,300 12,600 7,100 24.400 82,650 26.000 85,600 FINANCED BY : Capital account: Balance at 1 January Add: Net Profit for the year 42,000 18,000 47,000 22,000 60,000 (13,000) 47,000 69,000 (15,000) 54,000 Less:Drawing Current Liabilities Trade account payable Bank overdraft 22,000 13,650 11,600 35,650 11,600 Non Current Liabilities Loan(repayable December 2022) 20.000 85,600 82,650 Rep Required: Prepare statement of cash flow for Fateh Enterprise for the year ended 31 December 2020.

e 2018 Cash Co X+ com/quiz/28465383 press Lazada a Agoda.com e Quiz | Edmodo Department of Edu. e Classes | Ec Question 1 5 points You are a financial Manager of Chevron Corp. You need to assess the effectiveness of working capital management of the company for 2018 using the following data. What is t 2018 Receivable turnover? 2017 Account Receivable = 15 3o00 2018 Account Receivable = 15.050,00 2017 Inventory =5585.000 2018 Inventory = 5.704.000 2017 ACcounts Payable = 14.565:.000 2018 Accounts Payable = 10 952 0 2017 Sales = 134,674,000 2018 Sales = 158 902.000 2017 Cost of Saies = 95, 114 CUD 2018 Cost of Sales = 110 997 000 2017 PUtchases = 96 114000 2018 Purchases 123 435 000 10 17 f8 f6

part C D  QUESTION 1. You are a financial analyst reviewing the draft financial statements of Speedy Coaches Ltd with a view to purchasing the company and have been given the following information.   Income statements for the year ended 30 June         2021 2020     £'000 £'000 Revenue 32,800 29,459 Cost of sales (17,855) (15,840) Gross profit 14,945 13,619 Operating expenses (11,680) (10,477) Depreciation (1,198) (1,063) Operating profit 2,067 2,079 Interest (74) (94) Profit before taxation 1,993 1,985 Taxation (634) (601) Profit for the year 1,359 1,384               Statements of financial position as at 30 June       2021 2020     £'000 £'000 ASSETS     Non-current assets       Property, plant and equipment 10,300 8,720 Current assets       Inventories 750 701   Trade receivables 597 436   Cash 407 279     1,754…

revious 05 Activity 1 Instructions Instructions Set up a timeline to illustrate a Php 200,000 in a 3-year certificate of deposit that pays a guaranteed 4% annually. + Prepare answer Assignment Type: Dronhox.

Back to Assignment Attempts 0 Keep the Highest 0/1 18. Problem 12-02 (Projected Operating Assets) eBook Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales $1,000 Balance Sheet: Assets Cash $ 150 Short-term investments $ 95 Accounts receivable $ 200 Inventories $ 300 Total current assets $ 745 Net fixed assets Total assets $ 500 $1,245 Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar. Grade it Now Save & Continue Continue without saving