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2 years ago

The following selected account balances are taken from the records of Cooper Corporation for the past two years.

Business

1 answer:

kumpel [21]2 years ago

3 0

Answer:

Cooper Corporation

1. Cash received from the sale of equipment:

= d. 70

2. Decrease in cash from investing activities:

= b. (522)

3. Increase in cash from financing activities:

= c. 30

Explanation:

a) Data and Calculations:

December 31

2018 2017 Change

Equipment $750 $400 +$350

Accumulated depreciation (160) (225) +65

Land 92 50 +42

Bonds payable 30 50 -20

Common stock 120 100 +20

Additional paid in capital 400 320 +80

Retained earnings 825 675 +150

Net income for the year = $200

Depreciation expense = $70

Less Gain from sale of equipment $5

Equipment

Account Titles Debt Credit

Beginning balance $400

Cash purchase 550

Sale of equipment $200

Ending balance 750

Sale of equipment

Equipment $200

Accumulated depreciation $135

Cash 70

Gain from sale 5

Retained earnings:

Beginning balance $675

Net income 200

Dividends 50

Ending balance 825

Statement of Cash Flows (partial):

Investing activities:

Sale of equipment $70

Purchase of equipment -550

Purchase of land -42

Decrease in cash $522

Financing activities:

Bonds payable -20

Common stock +20

Additional paid in capital +80

Dividends paid -50

Increase in cash $30

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kodGreya [7K]

The compound interest formula is: $A= P(1+ \frac{r}{n} ) ^{nt}$
Where:
A is the amount you will have.
P is the money you are investing.
r: is the interest rate (in decimals)
n: number of times the interest is compounded per year
t: time (in years)

The first thing is converting the rate from percentage to decimal:
$\frac{5.9}{100} = 0.059$

Since the interest is compounded every month and a year has 12 months n=12.

Now we can replace the values in our formula:
$A=100000(1+ \frac{0.059}{12} ) ^{(12)(18)}$

We can simplify the exponents to get:
$A=100000(1+ \frac{0.059}{12} ) ^{216}$

Finally, we can use our calculator to get 288463.33

After 18 your balance in your bank account will be $288463.33

4 0

3 years ago

can produce two types of light fixtures, the indoors model and the outdoors model. if the total sales are expected to be 21,050

mars1129 [50]

Answer:

$1,000,000

Explanation:

The computation is shown below:

Particulars Indoors Model Outdoors Model Total

No of Units

(21,050 in ratio 2:3) 8,420 12,630 21,050

Sales 1,263,000 2,778,600 4,041,600

Less: Variable costs 168,400 505,200 673,600

Contribution margin 1,094,600 2,273,400 3,368,000

Less: Fixed costs

(2,160,000 + 208,000) 2,368,000

Operating Income 1,000,000

7 0

2 years ago

A. It is the study of morality and standards of conduct B. It is the victim of subjectivity as it yields to the will of cultural

Shalnov [3]

Answer:

The correct answer is D. It is not related to the area of corporate social responsibility.

Explanation:

Ethics is a branch of philosophy that is responsible for studying morality, that is, what is considered as part of good customs and good living in society in order to generate a friendly and balanced coexistence between people.

Likewise, ethics is a virtue that leads to responsibility, honesty, commitment, to be good citizens and to avoid negatively affecting those around us with harmful actions, especially if it is to obtain a benefit in particular.

Ethics is instilled from an early age through examples that explain and exemplify the importance of our actions and their consequences. Ethics must have the goal of achieving individual happiness and of society in general, hence its object of study is morality, its importance and application.

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3 years ago

Lions Incorporation produces two different products (Product A and Product X) using two different activities: Machining, which u

iren2701 [21]

Answer:

Lions Incorporation

The amount of Machining cost assigned to Product X is:

= $663,000.

Explanation:

a) Data and Calculations:

Product A Product X Total

Activities used Machining Inspection

Activity driver Machine hours Number of batches

Activity rate $170/ mh $510/ batch

Usage of activity drivers:

Machine hours 1,900 3,900 5,800

Number of batches 45 22 67

The amount of Machining cost assigned to Product X:

= 3,900 * $170 = $663,000

6 0

2 years ago

On January 1, 2016, Sheldon Unlimited issues 12%, 15-year bonds payable with a face value of $250, 000. The bonds are issued at

vova2212 [387]

Answer:

1. Date Account Title and Explanation Debit Credit

January 1 Cash $265,000

2016 Premium on bonds payable $15,000

Bonds payable $250,000

(To record Issuance of bonds )

2 . Date Account Title and Explanation Debit Credit

June 30 Bond interest expense $14,500

2016 Premium on bonds payable $500

Cash $15,000

(Interest on bond paid and Premium amortized)

3 . Date Account Title and Explanation Debit Credit

Dec 31 Bond interest expense $14,500

2016 Premium on bonds payable $500

Cash $15,000

(Interest on bond paid and Premium amortized)

4. Date Account Title and Explanation Debit Credit

Dec 31 2030 Bonds payable $250,000

Cash $250,000

(Bond redeemed)

Working

Bond issue price (250000 / 100*106) $265,000

Face value $250,000

Premium on bonds payable $15,000

Number of Interest payments (15 years x 2) 30 period

Discount/ premium to be amortized per Half year $500.00

Interest on bond $15,000.00

Interest expense to be recorded $14,500

(15000-500)

8 0

3 years ago