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AnnZ [28]
3 years ago
10

1. To limit records displayed to those that match your criteria you apply a

Business
1 answer:
Sav [38]3 years ago
6 0

Answer:

Filter

Explanation:

The filter allows to select special criteria from a database in order to generate a new database in which the elements met the selected criteria.

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Ivanhoe Company issued $1520000 of 6%, 5-year bonds at 95, which pay interest annually. Assuming straight-line amortization, wha
Mashutka [201]

Answer:

the journal entry to record bond issuance:

Dr Cash 1,444,000

Dr Discount on bonds payable 76,000

    Cr Bonds payable 1,520,000

amortization of discount on bonds payable = $76,000 / 5 = $15,000

coupon payment = $91,200

total interest expense per year = $106,200

total interest expense for the 5 year period = $106,200 x 5 years = <u>$531,000</u>

<u />

6 0
2 years ago
QUESTION 13 of 20: You own a dance studio. You have assets of $512,667 and equity of $268,964. What is your liabilities total?
VLD [36.1K]

Answer:

243,703

Explanation:

5 0
3 years ago
Marian is itemizing deductions on her federal income tax return and had
Keith_Richards [23]

Answer:

B, 580

Explanation:

5 0
3 years ago
Read 2 more answers
Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow.
nadezda [96]

Answer:

a. We have:

June's total cash collections = $605,760

July's total cash collections = $715,580

b. We have:

June's Loan Balance End of Month = $1,324,163

July's Loan Balance End of Month = $2,226,541

Explanation:

a. Prepare a schedule that shows the computation of cash collections of its credit sales (accounts receivable) in each of the months of June and July.

Note: See part a of the attached excel file for the schedule that shows the computation of cash collections for June and July.

In the part a of the attached excel file, we have:

June's total cash collections = $605,760

July's total cash collections = $715,580

b. Prepare a cash budget for June and July, including any loan activity and interest expense. Compute the loan balance at the end of each month.

Note: See part b of the attached excel file for cash budget for June and July.

In the cash budget in the attached excel file, the following calculations is made:

June additional loan = Minimum required cash balance - June Preliminary cash balance = $110,000 - (-$1,169,663) = $110,000 + $1,169,663 = $1,279,663

July additional loan = Minimum required cash balance - July Preliminary cash balance = $110,000 - (-$792,378) = $110,000 + $792,378 = $902,378

From the cash budget, we have:

June's Loan Balance End of Month = $1,324,163

July's Loan Balance End of Month = $2,226,541

Download xlsx
7 0
2 years ago
Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manu
Dovator [93]

Answer:

Crain Company's total taxes would decrease by $64,740

Explanation:

the income statement for the parent company:

total revenue $2,490,000

- COGS          ($1,490,000)

<u>- S&A costs     ($390,000)</u>

EBIT                   $610,000

<u>- taxes              ($201,300)</u>

net income       $408,700

the income statement for the subsidiary:

total revenue $3,490,000

- COGS          ($2,490,000)

<u>- S&A costs      ($199,000)</u>

EBIT                   $801,000

<u>- taxes              ($368,460)</u>

net income       $432,540

total taxes paid = $201,300 + $368,460 = $569,760

if the parent company increases the selling price by 20%

the income statement for the parent company:

total revenue $2,988,000

- COGS          ($1,490,000)

<u>- S&A costs     ($390,000)</u>

EBIT                 $1,108,000

<u>- taxes              ($365,640)</u>

net income       $742,360

the income statement for the subsidiary:

total revenue $3,490,000

- COGS          ($2,988,000)

<u>- S&A costs       ($199,000)</u>

EBIT                   $303,000

<u>- taxes               ($139,380)</u>

net income        $163,620

total taxes paid = $365,640 + $139,380 = $505,020

the parent company's total taxes would decrease by = $569,760 - 505,020 = $64,740

5 0
3 years ago
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