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3 years ago

The following are several of the accounts from a recent balance sheet.

Business

1 answer:

Burka [1]3 years ago

6 0

Answer:

Account Name Balance Sheet Classification DR or CR Balance

1. Accounts Receivable CA Debit

2. Prepaid Expense CA Debit

3. Inventories CA Debit

4. Long-Term Debt NCL Credit

5. Cash and Cash Equivalent CA Debit

6. Accounts Payable CL Credit

7. Income Tax Payable CL Credit

8. Contributed Capital SE Credit

9. Property Plant and Equipment NCA Debit

10. Retained Earning SE Credit

11. Short-Term Borrowing CL Credit

12. Accrued Liabilities CL Credit

13. Goodwill (an Intangible Asset) NCA Debit

Explanation:

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Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, h

Mila [183]

Answer:

the bonds' current market value = PV of face value + PV of coupon payments

a. The bond has a 6 percent coupon rate.

PV of face value = $1,000 / (1 + 5%)²⁴ = $310.07

PV of coupon payments = 30 x 13.799 (PV annuity factor, 5%, 24 periods) = $413.97

bond's market value = $724.04

b. The bond has a 8 percent coupon rate.

PV of face value = $1,000 / (1 + 5%)²⁴ = $310.07

PV of coupon payments = 40 x 13.799 (PV annuity factor, 5%, 24 periods) = $551.96

bond's market value = $862.03

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3 years ago

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2 years ago

At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet?

34kurt

The correct answer to your questions is letter A. Assets will be decreased.

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4 years ago

Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missin

PilotLPTM [1.2K]

Answer:

Income Statements

2013 2014 2015

Sales revenue $294,170 $360,920 $414,180

Sales returns and allowances 11,200 13,470 20,740

Net sales 282,970 347,350 393,440

Beginning inventory 21,590 33,560 42,010

Purchases 245,240 263,090 298,600

Purchase returns and allowances (5,180) (8,330) (10,440)

Freight-in 8,140 9,480 12,440

Total cost of goods available 269,790 297,800 342,610

Ending inventory 33,560 42,010 47,870

Cost of goods sold 236,230 255,790 294,740

Gross profit on sales 46,740 91,560 98,700

Explanation:

a) Data and Calculations:

2013 2014 2015

Sales revenue $294,170 $ $414,180

Sales returns and allowances 11,200 13,470

Net sales 347,350

Beginning inventory 21,590 33,560

Ending inventory

Purchases 263,090 298,600

Purchase returns and allowances 5,180 8,330 10,440

Freight-in 8,140 9,480 12,440

Cost of goods sold 236,230 294,740

Gross profit on sales 46,740 91,560 98,700

Beginning inventory 21,590 33,560 42,010

Purchases 245,240 263,090 298,600

Purchase returns and allowances (5,180) (8,330) (10,440)

Freight-in 8,140 9,480 12,440

Total cost of goods available 269,790 297,800 342,610

Ending inventory 33,560 42,010 47,870

Cost of goods sold 236,230 255,790 294,740

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3 years ago

A certain brand of coffee come in two size. An 11.5 ounce package costs 4.24. 27.8 ounce package costs 9.98

Vladimir79 [104]

Answer

the second choice is the better deal

Explanation:

8 0

3 years ago