Question 32Not yet answeredPoints out of 2.50P Flag questionPlant assets purchased on long-term credit contracts should be accounted for atSelect one:O a. the total value of the future payments.O b. the future amount of the future payments.O c. the present value of the future payments.O d. none of these answers are correct. Question 31Not yet answeredPoints out of 2.50F Flag questionKorte Company reported the following information for the current year:Sales revenue$2,500,000Cost of goods sold1,750,000Operating expenses275,000Unrealized holding gain on available-for-sale debt securities 85,000Gain on disposal of land10,000Ignoring tax, Korte would report comprehensive income ofSelect one:O a. $570,000.O b. $485,000.O c. $475,000.O d. $560,000.

Long-term credit contract:- It is a contract in which credit is allowed for a long-term period and…

Question 32 Not yet answered Points out of 2.50 P Flag question Plant assets purchased on long-term credit contracts should be accounted for at Select one: O a. the total value of the future payments. O b. the future amount of the future payments. O c. the present value of the future payments. O d. none of these answers are correct.

Question 32 Not yet answered Points out of 2.50 P Flag question Plant assets purchased on long-term credit contracts should be accounted for at Select one: O a. the total value of the future payments. O b. the future amount of the future payments. O c. the present value of the future payments. O d. none of these answers are correct.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Exercise 11.18 BUILDING COSTS ** Chua Ltd has acquired a new building. Which of the following items should be included in the cost of the building? (a) Stamp duty (b) Real estate agent's fees (c) Architect's fees for drawings for internal adjustments to the building to be made before use (d) Interest on the bank loan to acquire the building, and an application fee to the bank to get the loan, which is secured on the building (e) Cost of changing the name on the building (f) Cost of changing the parking bays (g) Cost of refurbishing the lobby to the building to attract customers and make it more user friendly
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Question 9 of 20 View Policies Current Attempt in Progress When lessors account for residual values related to leased assets, they - / 1 O include the unguaranteed residual value in sales revenue. O reduce the residual value by the executory costs. O recognize more gross profit on a sales-type lease with a guaranteed residual value than on a sales-type lease with an unguaranteed residual value. O include the residual value in the receivable measurement because it is assumed the residual value will be realized. !!!
3 Skipped Problem 8-5 Calculating IRR [LO 3] A firm evaluates all of its projects by applying the IRR rule. Cash Flow eBook Print References Year 0 -$ 41,000 1 20,000 23,000 14,000 2 3 a. What is the project's IRR? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. If the required return is 14 percent, should the firm accept the project? a. Internal rate of return b. Project acceptance %
Question Four Two plants (A) and (B) are suggested to be constructed. Plant (A) with an investment of 105,000$, and Plant (B) with an investment of 25,000 $. End of year 0 1234 Plant (A) (103) Plant (B) (103) 105 25 35 10 35 10 35 10 35 10 35 10 5 a. The net present value at rate of 20 % (2 marks) b. The discounted cash flow rate of return (initial guess 20%). c. Which project you will select and justify your selection.
QUESTION 19 1. If market pricing of commercial real estate is above replacement cost, ignoring risk, to ensure a favorable cost basis an investor would: a. Renovate existing properties IF Yr. 1 entry cap rates based upon post-renovation NOI were less than market cap rates at that time b. Renovate existing properties IF Yr. 1 entry cap rates based upon post-renovation NOI were greater than market cap rates at that time c. None of the answer choices d. Purchase existing properties
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ces W [The following information applies to the questions displayed below.] Nick's Novelties, Incorporated, is considering the purchase of new electronic games to place in its amusement houses. The games would cost a total of $310,000, have a fifteen-year useful life, and have a total salvage value of $31,000. The company estimates that annual revenues and expenses associated with the games would be as follows: Revenues Less operating expenses: Commissions to amusement houses Insurance Depreciation Maintenance Net operating income Exercise 12-8 Part 1 (Algo) Complete this question by entering your answers in the tabs below. Req 1A $ 90,000 58,000 18,600 70,000 Required: 1a. Compute the payback period associated with the new electronic games. 1b. Assume that Nick's Novelties, Incorporated, will not purchase new games unless they provide a payback period of five years or less. Would the company purchase the new games? Req 1B.
Question number 11
Ll4 just need the wrong answer fixed