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  • On January 1, 2010, Novotna Company purchased $400,000, 8% bonds of Aguirre Co. for $369,114....

    how do I prepare the amortization schedule for the bonds?

  • macroeconomic

    economic is a study of what

  • 84

    The equilibrium exchange rateA)is determined monthly by the International Monetary Fund.B)is determined by the relative amounts of gold contained in each country's currency.C)makes investors indifferent between holding domestic and foreign assets.D)in the short run reflects the relative purchasing power of each country's currency.

  • Accounting

    The following selected account balances were taken from BuckeyeCompany's general ledger at Jan. 1st, 2005 and Dec. 31st 2005:Jan.1st,2005Dec. 31st, 2005Accountsreceivable:51,00070,000Inventory:39,00028,000Accountspayable45,00051,000Salariespayable7,0003,000Investments46,00059,000Commonstock110,000130,000Retainedearnings25,00041,000The following selected information was taken from Buckeye Company's2005 statement of cash flows:Cash collected from customers: 385,000Cash paid to purchase inventory: 199,000Cash paid to employees: 85,000Cash paid to purchase investments: 40,000Cash received from sale of investments: 35,000Cash paid for dividends: 30,000Calculate the amount of the gain on sale ofinvestments reported in Buckeye Company's 2005 incomestatement.

  • working capital

    Working capital: Laurel Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,235,455,accounts payables worth $4,159,357, inventory of $7,121,599, accounts receivables of $3,488,121, short-term notes payable worth $1,151,663, and other current assets of$121,455. Suppose marking-to-market reveals that the market value of the firm’s inventory is 61 percent below its book value and its receivables are 71 percent belowits book value. The market value of its current liabilities is identical to the book value.What is the firm's net working capital using market values?What is the percent difference in net working capital?

  • ISBN:0078025397 Fundamentals of Advanced Accounting 5e Chp10 Pg.489 Prob.28

    Hough, Luck, and Cummings operate a local accounting firm as a partnership. After working together for several years, they have decided to liquidate the partnership’sproperty. The partners have prepared the following balance sheet:Cash $ 31,000 Liabilities $ 38,000Hough, loan 19,000 Luck, loan 24,000Noncash assets 184,000 Hough, capital (50%) 123,000Luck, capital (40%) 23,000Cummings, capital (10%) 26,000Total assets $234,000 Total liabilities and capital $234,000The firm sells the noncash assets for $91,000; it will use $32,000 of this amount to pay liquidation expenses. All three of these partners are personally insolvent.(Leave no cells blank - be certain to enter "0" wherever required. Negative amounts and amounts to be deducted should be indicated with a minus sign.)Hough,Loan andCapital Luck,Loan andCapital Cummings,CapitalBeginning balances $ $ $Loss on disposalLiquidation expensesCapital balancesAllocation of Luck's deficitFinal distribution $ $ $


    A simple correlation analysis of the table of Worksheet #2 of the A.1 steak sauce indicates an extremely high correlation between the "average number of retailfacings" and "market share", whether measured in revenue or product volume. Given this, critically explore an A.1 proposal to spend $2,000,000 to increase theaverage number of shelf facings from 14 to 15. Use a 1-year time horizon in your evaluation. Carefully state the assumptions that you need to make. Include afinancial analysis.

  • labor output

    Labor OutputVariableCostFixedCostTotalCost0 0 121 10 52 18 223 24 15 e4 28 20 32Consider the table above. What is the average fixed cost at 24 units of output?A) $.50B) $9C) $12D) $27

  • market price

    Grand Adventure Properties offers a 7 percent coupon bond with annual payments. The yield to maturity is 5.85 percent and the maturity date is 8 years from today. Whatis the market price of this bond if the face value is $1,000?

  • describe how unexpected high inflation rate helps or hurts the following:

    a. the government

  • Easy Life Saver 4

    True or False.1) Shutting down a firms operation is equivalent to exitingthe industry.2) An increased tax on profit leaves the optimal rate ofoutput unchanged in the short run.3) Market supply is the horizontal sum of the individual MCcurves abovethe AVC in a perfectly competitive market.

  • Cashflow Diagram

    Cashflow Diagram $75000 monthly pymts 10000 for three years

  • Accounting HW!!!

    The Lakeshore Hotel's guest-days of occupancy and custodial supplies expense over the last seven months were:MonthGuest-Days ofOccupancyCustodial SuppliesExpenseMarch5,400$10,510April7,900$12,435May9,400$15,110June11,900$17,655July13,400$19,710August10,400$15,760September8,900$14,335Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as threeguest-days.Requirement 1:Using the high-low method, estimate a cost formula for custodial supplies expense where X is the number of guest-days.(Round the variable cost per guest-day to 1 decimal place. Omit the "$" sign in your response.)Y =$+$XRequirement 2:Using the cost formula you derived above, what amount of custodial supplies expense would you expect to be incurred at an occupancy level of 12,500guest-days?(Omit the "$" sign in your response.)Variable cost$Fixed costTotal cost$

  • Please help me understand this Accouting problem

    Can someone please help me with this problem? Please explain how you got the answer.ThanksSCOLL DOWN TO THE BOTTOM. FOR SOME REASON THE POSTING IS SEPERATEDAND CONTINUES AT THE BOTTOM.Delmont Corp, has provided the following data for the month ofAugust.There were no beginning inventories, consequently, thedirect materials, direct labor, andmanufacturing overhead appliedlisted below are all for the current month.WIPfinished goodsCOGStotaldirect materials2990105604096054510direct labor4720171606656088440manufacturing overhead applied329089303478047000Total1100036650142300189950Manufacturing overhead for the month was underapplied by$3000.The company allocates any underapplied or overapplied overheadamoung work in process, finished goods, and cost of goods sold atthe end of the month on the basis ofthe overhead applied duringthe month in those accounts.The journal entry to record the allocation of any underappliedor overapplied overhead for August would include thefollowing.a.debit to cost of goods sold of $142,300b. credit to cost of goods sold of $2200c. credit to cost of goods sold of $142, 300d. debit to cost of goods sold of $2200

  • Prepare a monthly cash budget and supporting schedule.... Please only answer if you know how to...

    The Controller of Santa Fe Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budgetinformation:March April MaySales 70,000 84,000 92,000Manufacturing cost 32,000 39,000 42,500Selling and administrative expenses 12,000 18,000 21,000Capital expenditures 0 0 20,000The company expects to sell about 10% of its merchandise for cash. Of sales on account, 70% are expected to be collected in full in the month following the sale andthe remainder the following month. Depreciation, insurance, and property tax expense represent $3,000 of the estimated monthly manufacturing costs. The annualinsurance premium is paid in July, and the annual property taxes are paid in November. Of the remainder of the manufacturing costs, 80% are expected to be paid in themonth in which they are incurred and the balance in the following month. Current assets as of March 1 include cash of $10,000, marketable securities of $40,000, andaccounts receivable of $75,600 ($60,000 from February sales and $15,600 from January sales).Sales on account for January and February were $52,000 and $60,000,respectively.Current liabilities as of March 1 include a $12,000, 15%, 90-day note payable due May 20 and $4,000 of accounts payable incurred in February for manufacturing costs.All selling and administrative expenses are paid in cash in the period they are incurred. It is expected that $1,800 in dividends will be received in March. Anestimated income tax payment of $16,000 will be made in April. Santa Fe's regular quarterly dividend of $3,000 is expected to be declared in April and paid in May.Management desires to maintain a minimum cash balance of $30,000.Instructions:1. Prepare a monthly cash budget and supporting schedules for March, April, and May. On the basis of the cash budget, what recommendation should be made to thecontroller?

  • Advanced Analysis Chpt. 5 Economics 19th Ed. McConnell

    Assume the following values for Figures 5.4a and 5.4b. Q1=20 bags. Q2=15 bags. Q3=27 bags. The market equilibrium price is $45 per beg. The price at a is $85 per bag.The price at c is $5 a bag. The price at f is $59 per bag. The price at g is $31 per bag. Apply the formula for the area of a triangle (Area=1/2 XBase X Height toanswer the following question.what is the value of the dead weight loss when output level Q2 is being produced? what is the total surplus when output level Q2 is being produced?

  • E4

    An extreme case of oligopoly in which firms collude to raise joint profits is known as a:Choose one answer.a. price war.b. dominant producer.c. duopoly.d. cartel.


    4. Smith Co. has average fixed costs of $165 when it is making two units. It has marginal costs of $15 for the first unit, $10 for the second unit and $5 for the thirdunit. What is its average total cost for three units?(a)$65(b)$195(c)$110(d)$120

  • Finance HW 2

    Cool Comfort currently sells 300 Class A spas, 450 Class C spas, and 200 deluxe model spas each year. The firm is considering adding a mid-class spa and expects thatif it does it can sell 375 of them. However, if the new spa is added, Class A sales are expected to decline to 225 units while the Class C sales are expected todecline to 200. The sales of the deluxe model will not be affected. Class A spas sell for an average of $12,000 each. Class C spas are priced at $6,000 and the deluxemodel sells for $17,000 each. The new mid-range spa will sell for $8,000. What is the value of the erosion?A. $600,000B. $1,200,000C. $1,800,000D. $2,400,000E. $3,900,000

  • tax

    Computation of Tax, Standard Deduction, and Kiddie Tax. Anthony and Latrisha aremarried and have two sons, James, age 25, and Jonas, age 13. Both sons are properlyclaimed as dependents. Anthony and Latrisha’s taxable income is $130,000 in 2010 andthey file a joint return. Both James and Jonas had part-time jobs as well as some unearnedincome. Below is a summary of their total income.James JoanWages $2,800 $ 400Taxable interest 1,800 2,000Compute the taxable income and tax liability for James and Jonas.