Chapter 2, Problem 1DYS

Ans

given answer General accounting

Can you please help calculate the accounts receivable balance on these financial accounting question?

What was his capital gains yield?

On January 1, Trump Financial Services lends a corporate client $180,000 at an 8% interest rate. The amount of interest revenue that should be recorded for the quarter ending March 31 equals:

At the beginning of the current fiscal year, the balance sheet of Wilson Corp. showed liabilities of $250,000. During the year, liabilities decreased by $40,000, assets increased by $90,000, and paid-in capital increased by $15,000 to $210,000. Dividends declared and paid during the year were $75,000. At the end of the year, owners' equity totaled $415,000. Calculate net income or loss for the year.

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For its inspection cost pool, Henderson Precision Tools expected an overhead cost of $180,000 and an estimated 3,600 inspections. The actual overhead cost for that cost pool was $210,000 for 4,200 actual inspections. The activity-based overhead rate (ABOR) used to assign the costs of the inspecting cost pool to products is: A. $45 per inspection B. $50 per inspection C. $55 per inspection D. $60 per inspection

Financial accounting