ACC 401 Exam 2 Fall 2023 Solution

2022 SP CSR342 Week 6 Assignment Assignment 1. A. John will purchase Equinox EV ($35,000). John's credit score (FICO® Score) is 750. Based on the credit score, John can get 60 months auto-loan from WL Land Bank with 4.0% APR. John will pay the down payment as much as $5,000. B. Smith will purchase Equinox EV ($35,000). Smith's credit score (FICO Score) is 625. Based on the credit score, Smith can get 60 months auto-loan from WL Land Bank with 6.5% APR. Smith will pay the down payment as much as $5,000. [1] Explain who will pay more and how much pay more [no word limit] Correct answer existed but close answer will be considered as good; file on Brightspace (Excel WorkSheet 6.8). To compare John and Smith's cases, utilize the exc Even if it is named as mortgage amortization table, the auto payment (amortization plan) is totally same. Your answer should be like "John will pay less/more than Smith $-- per a month."

Spring 2021 Final Exam(2) Saved to this PC - егences Mailings Review View Help AaBbCcD AaBbCcDc AaBbC AaBbCcC A aB 三。 I Normal T No Spac. Heading 1 Неading 2 Title Paragraph Styles 6-Dyson Manufacturing Company had the following financial statement results for last year. Net sales were $1.2 million with net income of $90,000. Total assets at year-end amounted to $900,000. a. Calculate Dyson's asset turnover ratio and its profit margin. b. What is Dyson's rate of return on assets. 7-Marriot Corporation has two bond issues outstanding, each with a par value of $1,000. Information about each is listed below. Suppose market interest rates rise 2 percentage point across the yield curve. What will be the change in price for each of the bonds? Does this tell us anything about the relationship between coupon rate and interest rate risk? Bond A: 10 years to maturity, 0 percent coupon, market interest rate is 10 percent. Bond B: 10 years to maturity, 10 percent coupon, market interest rate is 10…

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question O C. Work in Progress Finished Product 48 Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000 What will be the average debtors? ut of O a. OMR 15000 uestion O b. OMR 7500 O c. OMR 30000 O d. OMR 10000 pe here to search Pa lenovo

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…

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Help Save & Exit Submit Martinez Corporation reported net sales of $769,000, net income of $138,000, and total assets of $7,674,336. The profit margin is: Multiple Choice 557.0%. 5.57%. 82.05%. 6:35 PM 3/28/2022 Insert Prt Sc F12 Del F8 F9 F10 F7 ock

View Policies Current Attempt in Progress Culver Company purchases $4400 worth of new furniture (plus 5% GST and 7% PST). The amount debited to the Furniture account would be O $4620 O $4928 O $4708 O $4400 eTextbook and Media Save for Later ļ Attempts: 0 of 1 used Submit Answer

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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…

gageNOWv2 | Online teachin x zakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3&inprogress3false Equipment with an estimated market value of $29,889 is offered for sale at $48,377. The equipment is acquired for $14,472 in cash and a note payable of $21,295 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is Oa. $35,767 Ob. $44,361 Oc. $29,889 Od. $14,472 Next Previous 3:37 AM 5/9/2022

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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

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…

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Business Studies / Business Math / Semester 2, 2020/2021 / BUSINESS MATH M Cost of an item is OMR 335, If the markup is 28% on the cost, find the selling price; ed O a. OMR 93.8 rked out of 1.00 O b. OMR 126 O. OMR 241.2 Next page 2g question O d. OMR 429 Course Orientation Business Math Jump to... TOSHIBA

HW - Ch 20-2   Prepare journal entries to record the effects on Shannon’s accounting records at December 31, 2021, for each of the items described above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars not in thousands of dollars.) (1)  Record the gain on sale of investment with an original cost of $186,000 for $232,000 (2)  Record the adjustment of equity securities for the investment of $232,000 as on the date of sale. (3)  Record the fair value adjustment. (4)  Record the loss-lawsuit. (5)  Record correction of inventory error. (6) Record correct assets that were incorrectly expensed. (7)  Record the 2021 adjusting entry for depreciation. (8) Record the income tax expense.

Jesse Ltd SoFP at 31/12/2024 £'000 Buildings £'000 1,800 Equipment 2,100 £1NV Shares 975 Inventory 450 Reserves Cash & Receivables 150 10% Loan Stock 600 400 Assets 1,075 Payables 3,775 Equity & Liabilities 3,775 Assume Jesse could purchase new plant at the start of the year (01/01/2024) on the following terms:- a) b) Required: 1) Buy new plant from a 2:9 rights issue made at a premium of 50p per share. Plant value is £600,000 with a life of 6 years. Or, instead, lease the new plant over 6 years with interest at 20% & annual repayments of £180,000 paid in arrears. Prepare amended balance sheets at 31/12/2024 for each option at a) and b) above. Calculate (for the original SoFP):- Current ratio 2) i) ii) Acid test ratio

Fast pls solve this question correctly in 5 min pls I will give u like for sure Svtrik Create the combined common-size, common-base year statement for 2022. What is the value for machines?

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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.

CASE NO #01 Mr. Hussein is a trade supplier who has been approached by Al Shinas Trading LLC which is requesting credit terms for the first time. Their managing director has provided Mr. Hussein with the following extracts from the final accounts for the past two years and Mr. Hussein has approached you for advice. 2020 (OMR) 2019 (OMR) 75,000 Details Accounts payables 65,000 Sales revenue 620,000 910,000 22,000 Equipment Cost of Goods sold 30,000 400,000 350,000 Machinery Inventory Operating costs Non-operating expenses Common share capital 3,150,000 3,128,000 50,000 80,000 192,000 170,000 25,000 15,000 550,000 550,000 Bonds 95,000 90,000 Retained earnings 70,000 (25,000) 90,000 | Bank u re 65,000 Accounts Receivables 50,000 85,000 Long-term loan Shareholders' fund 100,000 70,000 770,000 800,000 Cash 100,000 75,000 Prepaid expenses 500 200 A) Being a student of financial management course, evaluate and compare the Profitability and Liquidity performance of Al Shinas Trading LLC using…

ווח M Question 11 - Week 11 - Homework #7 (100 points) - Connect Week 11 - Homework #7 (100 points) i 11 ezto.mheducation.com b) Success Confirmation of Question Submission | bartleby Saved Help Save & Exit Submit 00 8 points A company pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 26, 2024, and employees are paid $5,600. The next two-week pay period ends on January 9, 2025, and employees will be paid $5,600. Record the adjusting entry on December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) eBook Print References Mc Graw Hill View transaction list Journal entry worksheet 1 Record the adjusting entry on December 31, 2024. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Check my work 10 0 C

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…

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…

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11:/13 Problem 2-2U S) William Company operates a customer loyalty program. T entity grants loyalty points for goods purchased. The loyalty points can be used by the customers in exchane for goods of the entity. The pointa have no expiry date. During 2020, the entity issued 100,000 award credits and expects that 80% of these award credits shall be redeemed The total stand-alone selling price of the award credita granted is reliably measured at P2,000,000. In 2020, the entity sold goods to customers for a total consideration of P8,000,000 based on stand-alone selling price. The award credits redeemed and the total award credits expected to be redeemed each year are as follows: Redeemed Expected to be redeemed 2020 2021 30,000 15,000 80% 90% 1. What is the revenue from points for 2020? 1,600,000 b. a. 1.500,000 600,000 d. 480,000 2. What is the revenue from points for 2021? a. 240,000 b. 200,000 120,000 04.29