FIN & MANAGERIAL ACCT VOL 2 W/CONNECT
7th Edition
ISBN: 9781308675527
Author: Wild
Publisher: MCG/CREATE
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Chapter 14, Problem 4PSB
Problem 14-4B Ending inventory computation and evaluation C4
Racer’s Edge makes specialty skates for the ice skating circuit. On December 31,2016, the company had (a) 1,500 skates in finished goods inventory and (b) 2,500 blades at cost of $20 each in raw materials inventory. During 2017. Racer’s purchased 45.000 additional blades at $20 each and manufactured 20.750 pairs of skates.
Required
- Determine the unit and dollar amounts of raw materials inventory in blades at December 31, 2017.
Check (1) Ending (blade) inventory 6,000 units, $120.000
Analysis component
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You've collected the following information about Fender, Incorporated:
Sales
Net income
Dividends
Total debt
Total equity
$ 170,000
$ 12,800
$ 8,400
$ 68,000
$ 56,000
a. What is the sustainable growth rate for the company?
Note: Do not round intermediate calculations and enter your answer as a
percent rounded to 2 decimal places, e.g., 32.16.
b. If it does grow at this rate, how much new borrowing will take place in the
coming year, assuming a constant debt-equity ratio?
Note: Do not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.
c. What growth rate could be supported with no outside financing at all?
Note: Do not round intermediate calculations and enter your answer as a
percent rounded to 2 decimal places, e.g., 32.16.
× Answer is complete but not entirely correct.
a. Sustainable growth rate
b.…
On December 31, 2018, Blackpink Company, a financing institution lent ₱15,000,000 to YG Corp. due 3 years after. The loan is supported by an 12% note receivable. Based on the company’s initial estimates the present value of the 12 months expected credit loss (ECL) discounted at 10% is at 2,000,000. The probability of default (PD) is at 7%.
Blackpink Company was able to collect interest as it became due at the end of 2019. There was no evidence of significant increase in credit risk by the end 2019 and that the receivable is determined to have “low credit risk”. There were no changes in its initial estimate of the 12 months expected credit loss either.
By the end of 2020, Blackpink Company was able to collect interest as it became due. Based on available forward-looking information (determinable without undue cost or effort), however, there is evidence that there was a significant increase in credit risk by the end of 2020. Blackpink Company therefore had to change its basis…
Chapter 14 Solutions
FIN & MANAGERIAL ACCT VOL 2 W/CONNECT
Ch. 14 - Prob. 1MCQCh. 14 - What is Ella Company’s current ratio? a.0.69...Ch. 14 - What is Ella Company’s acid-test ratio? a.2.39...Ch. 14 - What is Ella Company’s debt ratio? a. 25.78% b....Ch. 14 - What is Ella Company’s equity ratio? a.25.78%...Ch. 14 - Describe the managerial accountant’s role in...Ch. 14 - Distinguish between managerial and financial...Ch. 14 - Prob. 3DQCh. 14 - Prob. 4DQCh. 14 - Distinguish between (a) factory overhead and (b)...
Ch. 14 - Prob. 6DQCh. 14 - What product cost is both a prime cost and a...Ch. 14 - APPLE Assume that we tour Apple’s factory where it...Ch. 14 - Prob. 9DQCh. 14 - Prob. 10DQCh. 14 - Prob. 11DQCh. 14 - Prob. 12DQCh. 14 - Prob. 13DQCh. 14 - Prob. 14DQCh. 14 - Prob. 15DQCh. 14 - Prob. 16DQCh. 14 - Prob. 17DQCh. 14 - What are the three categories of manufacturing...Ch. 14 - List several examples of factory overhead.Ch. 14 - Prob. 20DQCh. 14 - GOOGLE Prepare a proper title for the annual...Ch. 14 - Prob. 22DQCh. 14 - Prob. 23DQCh. 14 - Prob. 24DQCh. 14 - Prob. 25DQCh. 14 - Prob. 1QSCh. 14 - Prob. 2QSCh. 14 - Fixed and variable costs C2 Listed below are...Ch. 14 - QS 14-4 Direct and indirect costs C2
Diez Company...Ch. 14 - Classifying product costs C2 Identify each of the...Ch. 14 - QS 14-6 Product and period costs C3
Identify each...Ch. 14 - Prob. 7QSCh. 14 - Prob. 8QSCh. 14 - Prob. 9QSCh. 14 - Prob. 10QSCh. 14 - Prob. 11QSCh. 14 - Prob. 12QSCh. 14 - Prob. 13QSCh. 14 - Prob. 14QSCh. 14 - Prob. 15QSCh. 14 - Prob. 16QSCh. 14 - Raw materials inventory management A1 Nestlé...Ch. 14 - Exercise 14-1 Sources of accounting information C1...Ch. 14 - Prob. 2ECh. 14 - Exercise 14-3 Cost classifications for a service...Ch. 14 - Exercise 14-4 Cost classifications for a service...Ch. 14 - Prob. 5ECh. 14 - Prob. 6ECh. 14 - Prob. 7ECh. 14 - Prob. 8ECh. 14 - Exercise 14-9 Preparing financial statements for a...Ch. 14 - Prob. 10ECh. 14 - Prob. 11ECh. 14 - Prob. 12ECh. 14 - Prob. 13ECh. 14 - Prob. 14ECh. 14 - Prob. 15ECh. 14 - Prob. 16ECh. 14 - Exercise 14-17 Lean business practice C6 Many...Ch. 14 - Prob. 18ECh. 14 - Prob. 19ECh. 14 - Prob. 1PSACh. 14 - Prob. 2PSACh. 14 - Prob. 3PSACh. 14 - Prob. 4PSACh. 14 - Prob. 5PSACh. 14 - Prob. 1PSBCh. 14 - Prob. 2PSBCh. 14 - Problem 14-3B Schedule of cost of goods...Ch. 14 - Problem 14-4B Ending inventory computation and...Ch. 14 - Prob. 5PSBCh. 14 - Prob. 14SPCh. 14 - Prob. 1BTNCh. 14 - Prob. 2BTNCh. 14 - Prob. 3BTNCh. 14 - Prob. 4BTNCh. 14 - Prob. 5BTNCh. 14 - Prob. 6BTNCh. 14 - Prob. 7BTNCh. 14 - Prob. 8BTNCh. 14 - Prob. 9BTN
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- On December 31, 2018, Blackpink Company, a financing institution lent ₱15,000,000 to YG Corp. due 3 years after. The loan is supported by an 12% note receivable. Based on the company’s initial estimates the present value of the 12 months expected credit loss (ECL) discounted at 10% is at 2,000,000. The probability of default (PD) is at 7%. Blackpink Company was able to collect interest as it became due at the end of 2019. There was no evidence of significant increase in credit risk by the end 2019 and that the receivable is determined to have “low credit risk”. There were no changes in its initial estimate of the 12 months expected credit loss either. By the end of 2020, Blackpink Company was able to collect interest as it became due. Based on available forward-looking information (determinable without undue cost or effort), however, there is evidence that there was a significant increase in credit risk by the end of 2020. Blackpink Company therefore had to change its basis…arrow_forwardNeed correct answer general accounting questionarrow_forwardCalculate Federal Income Tax Withholding Using the Percentage Method (Pre-2020 Form W-4) Publication 15-T. round to two decimal places at each calculationarrow_forward
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