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Assume the equipment originally cost $20, had a carrying amount of $4 at the date of disposal and was sold for $12.
Prepare a journal entry to account for the change in the Machinery balance sheet account. What is the cash effect of this entry?
Cash at January 1, 2017 was $1,000; change in cash during the year, $37,900 m. There was no change in income taxes owing.
Prepare the journal entry to record the amortization of leasehold improvements. What is the cash effect of this entry?
Assume the following balance sheet information at December 31, 2018.
Explain what the statement of cash flows tells you about Sovereign Corporation.
Analyze the gross profit and net profit ratios using the given data.
Explain and calculate the price-earnings and dividend yield ratios. On the basis of only the foregoing information, which company represents .
Assume current assets consist of cash, short-term investments, accounts receivable, inventory, and prepaid expenses, and that ending balances .
Indicate the effect on current ratio assuming each transaction is independent of the others.
Inventories were $20,000 and were equal to property, plant and equipment at carrying amount, and also equal to bonds payable.
During 2018, $5 per-share cash dividends were declared and paid to the common shareholders, in addition to the preferred share dividends.
Total shareholders' equity is equal to the working capital, and common shares are 150% of the dollar amount of the retained earnings.
prepare a vertical analysis of the income statement, showing the above items as well as gross profit, income from operations .
Is it becoming easier than in previous years for the company to take advantage of cash discounts offered by suppliers?
What does it communicate to the reader of financial statements?
What are the three levels of regulatory taxes faced by FIs when making loans? How does securitization reduce the levels of taxation?
How do FIs use securitization to manage their interest rate, credit, and liquidity risks?
The bank is willing to sell this loan with recourse at an 8.5 percent discount rate. What should it receive for this loan?
What should it expect to receive from the sale of this loan if the current market rate on loans is 12 percent?
Assuming it uses the cash to purchase the loan, should it purchase the loan if its duration is seven years?
What is the minimum capital required if there are no reserve requirements?
Assume an FI originates a pool of short-term real estate loans worth $20 million with maturities of five years and paying interest rates of 9 percent.
There is a lump sum payment at the maturity of the GNMA pass-through that equals 50 percent of the mortgage pool's face value.
The maturity is 30 years with a monthly mortgage payment of 10 percent per year.