• Q : Effects of the declaration of a cash dividend....
    Accounting Basics :

    Indicate the respective effects of the declaration of a cash dividend on the following balance sheet sections:

  • Q : Assets to produce sales....
    Accounting Basics :

    Which ratios should be used to help answer the following questions? (1) How efficient is a company in using its assets to produce sales? (2) How near to sale is the inventory on hand?

  • Q : Preparing the entry-capital stock transactions....
    Accounting Basics :

    On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions.

  • Q : Journalizing the treasury stock transactions....
    Accounting Basics :

    (a) Journalize the treasury stock transactions. (b) Restate the entry for September 1, assuming the treasury shares were sold at $11 per share.

  • Q : Necessary journal entries for roscoe cosmetics....
    Accounting Basics :

    Prepare all the necessary journal entries for 2002 for (a) Roscoe Cosmetics and (b) Juan, Inc.

  • Q : Report the securities at fair value....
    Accounting Basics :

    (1) Prepare the adjusting entry at December 31, 2002, to report the securities at fair value. (2) Show the balance sheet and income statement presentation at December 31, 2002, after adjustment to fai

  • Q : Prepare a consolidated balance sheet....
    Accounting Basics :

    (1) Prepare the entry for Terry Duffy’s acquisition of Henning Plastics, Inc. stock. (2) Prepare a consolidated work sheet at December 31, 2002. (3) Prepare a consolidated balance sheet at Decem

  • Q : Date of a cash dividend declaration....
    Accounting Basics :

    Which of the following statements regarding the date of a cash dividend declaration is not accurate?

  • Q : Accounting terminology....
    Accounting Basics :

    Designate the terminology that best represents the definition or statement given below by placing the identifying letter(s) in the space provided. No letter should be used more than once.

  • Q : Selling price and gross profit in dollars....
    Accounting Basics :

    The gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars?

  • Q : Plant for maximum profit....
    Accounting Basics :

    The farmer had a total of 70 acres available for these crops. He has $140 he can invest and 80 man days of labor available. How many acres of each crop should he plant for maximum profit?

  • Q : Discounted at a simple interest rate....
    Accounting Basics :

    Thirty days after borrowing the money, B. Good settled the debt by having it discounted at a simple interest rate of 7%. How much did G. Whiz recieve?

  • Q : Pay cash for the merchandise....
    Accounting Basics :

    What should be the face value of the note to give them the exact amount they need to pay cash for the merchandise?

  • Q : Converting monthly to yearly rate....
    Accounting Basics :

    Question: Find the rate of interest if money is worth 18% compounded monthly?

  • Q : What are the proceeds....
    Accounting Basics :

    A non interest bearing note of $2000 is discounted at 12% compounded quarterly for 5 years and 8 months. What are the proceeds?

  • Q : Compounding interest....
    Accounting Basics :

    Question: Determine how long it takes for $150.00 to become $2,000.00 if invested at 4% interest compounded quarterly.

  • Q : Total interests from the investment....
    Accounting Basics :

    Invest a total of $4000 in 2 stocks that paid 5% and 7% annual interests. At the end of the year total interests from these investments is $230. How much was invested at each rate?

  • Q : Cost of foregoing the cash discount....
    Accounting Basics :

    Syntech is offered credit terms of 2/10, net 40, but decides to forego taking the cash discount and pays on the 45th day. What is Syntech's cost of foregoing the cash discount?

  • Q : Determine the cost of equity capital for the firm....
    Accounting Basics :

    Problem: The Allegheny Valley Power Company common stock has a beta of 0.80. If the current risk-free rate is 6.5%(Krf)and the expected return on the common stock as a whole is 16%(Km), determine th

  • Q : Asset exchanged at a gain....
    Accounting Basics :

    Asset originally purchased on 1/1/90 is exchanged for a similar asset on 1/1/93.  Cash of $10,000 is also paid and the old asset has fair market value of $8,000 on the date of exchange.

  • Q : Maximum purchase price acceptable....
    Accounting Basics :

    What would be the maximum purchase price acceptable to the Minnetonka Corporation for the bindings? Support your answer with an appropriate explanation.

  • Q : Procedure for revising probabilities....
    Accounting Basics :

    Question 1: _________ is a procedure for revising probabilities based upon additional information.

  • Q : Common stock value-zero growth....
    Accounting Basics :

    The company's class A stock has paid a dividened of $5.00 per share for the last 15 years. Management expects to continue to pay at that rate for the forseeable future . Sally Talbout purchased 100

  • Q : In what form should i take my winnings....
    Accounting Basics :

    Problem: As a sweepstakes ( or lotto ) winner I have 5 choices to choose from. Which should I accept?

  • Q : Current investment approach....
    Accounting Basics :

    1. Explain some disadvantages of Cliff's current investment approach. 2. Construct a portfolio for Cliff, limiting your selections to mutual funds (assume that he sells his current stock and bond ho

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