Prepare the closing entries
The ledger of Rios Company contains the following balances: Owners Capital $30,000; Owner's drawings $2,000; Service revenue $50,000; salaries and wages expense $27,000 and supplies expense $7,000. Prepare the closing entries at December 31.
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Wall Street ( and unsuspecting financial planners) has been very successful in selling main street the story that higher risk = higher reward, while the smart money knows this and is able to effectively arbitrage excess returns from low risk stock
Penguin Pucks, Inc., has current assets of $5,200, net fixed assets of $25,200, current liabilities of $4,250, and long-term debt of $9,400. What is the value of the shareholders' equity account for this firm?
The company's stock has a beta equal to 1.95, the risk-free rate is 5 percent, and the market risk premium is 5 percent. What is your estimate is the stock's current price? Round your answer to the nearest cent.
You are given the following information for Calvani Pizza Co.: sales = $48,000; costs = $21,200; addition to retained earnings = $6,500; dividends paid = $1,300; interest expense = $5,200; tax rate = 35 percent. Calculate the depreciation expense.
Intercontinental Baseball Manufacturers (IBM) has an outstanding bond with a $1,000 face value that matures in 10 years. The bond, which pays $25 interest every six months ($50 per year), is currently selling for $598.55. What is the bonds
On july1, 2013 avery services issued a 4% long term note payable for $10,000. it is payable over a 5 year term in $2,000 principal installment on july 1, of each year.
The bond, which has a $1,000 face value and a coupon rate equal to 10%, matures in six years. Interest is paid every six months; the next interest payment is scheduled for six months from today. If the yield on similar risk investments is 14%, wha
A few days ago, Advanced paid common stockholders a $5 dividend. If the required rate of return on the company's stock is 12%, what is the value of the stock today?
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