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1. A company that uses the perpetual inventory system and

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Question 1.     A company that uses the perpetual inventory system and the gross method of accounting for purchases purchased $8,500 of merchandise on March 25 with credit terms of 2/10, n/30. The invoice was paid in full on April 4. Prepare the journal entries to record the transactions on March 25 and April 4.2.A company made the following merchandise purchases and sales during the month of May:  May 1 Purchased 380 units at $15 each May 5 Purchased 270 units at $17 each May 10 Sold 400 units at $50 each May 20 Purchased 300 units at $22 each May 25 Sold 400 units at $50 each  There was no beginning inventory.A.   If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory? B.    If the company uses the LIFO periodic inventory method, what would be the cost of the ending inventory?

Isueed $ 200000(Face valu) 8% bonds for 218040, including accrued

Question Isueed $ 200000(Face valu) 8% bonds for 218040, including accrued interest. Interest is payable semi- annually on Dec1 and june 1 with the bonds matuaring 10 years from the previous december 1. the bond are callable at 102

A stable dividend policy would most commonly imply:a.a high price/earnings

Question A stable dividend policy would most commonly imply:a.a high price/earnings ratio.b.increasing dividends per share.c.a stable dividend yield.d.stable dividend payments per share.e.stable earnings per share.Which of the following should NOT be considered as part of “cash and cash equivalents”?a.Cash restricted for retirement of bondsb.Highly liquid investmentsc.Cash on handd.Certificates of deposite.Investments in short-term securities (maturity = 3 months or less)

(a) RMP plc has a paid-up ordinary share capital of

Question (a) RMP plc has a paid-up ordinary share capital of £4,500,000 represented by 6 million shares of £0.75 each. It has no loan capital. Earnings after tax in the most recent year were £3,600,000. The price-earnings ratio of the shares is 15 times.   The company is planning a major expansion which will cost £10,500,000 and is considering financing the expansion through a rights issue at £8.00 per share.   Required  (i) Calculate the current market price of the company’s ordinary shares.     (ii) Calculate the theoretical ex-rights price, and state what factors in practice might invalidate your calculation.        (b) An alternative to the rights issue would be to raise the £10,500,000 through convertible loan notes issued at par with a 6% coupon rate. The loan notes would be redeemable at par in seven years’ time. Before redemption, the loan notes could be converted at a rate of 11 ordinary shares for each £100 loan note.   Requirement  (i) Explain the term “conversion premium” and calculate the conversion premium for the loan notes under consideration by RMP plc.      (ii) Discuss the advantages to RMP plc of issuing convertible notes compared to the rights issue for raising the required finance.      (iii) Discuss the advantages to a potential investor of purchasing convertible loan notes compared to a direct equity investment.  

Maza Company current year results: Year-over-year the company had a

Question Maza Company current year results: Year-over-year the company had a stable gross profit margin and an increase in its operating income margin. Which of the following reasons best explains why this happened.a.Decreased earnings per shareb.Increased cost of salesc.Decreased preferred dividendsd.Increased salese.Decreased operating expenses: S,G

How to answer to the question “Calculate to 4 decimal

Question How to answer to the question “Calculate to 4 decimal places the new exchange rate after a 2% increase in the value of the dollar given a current exchange rate of EURUSD 1.1” ?

Construction of BuildingA building was constructed on land that was

Question Construction of BuildingA building was constructed on land that was purchased January 1 at a cost of $150,000. Construction began on February 1 and was completed November 1. The payments to the contractor were as follows:Date PaymentFeb. 1 $120,000June 1 360,000Sept. 1 480,000Nov. 1 100,000To finance construction of the building, a $600,000, 12% construction loan was taken out on February 1. At the beginning of the project, Hayes invested the portion of the construction loan that was not yet expended and earned investment income of $4,600. The loan was repaid on November 1 when the construction was completed. The firm had $200,000 of other outstanding debt during the year at a borrowing rate of 8% and a $350,000 loan payable outstanding at a borrowing rate of 6%.a. Record the acquisition of this asset, assuming that Hayes prepares financial statements in accordance with IFRS.

The following financial information refers to MM plc: alt=”20190807223231.png” />

Question The following financial information refers to MM plc:  alt=”20190807223231.png” /> MM has just paid a dividend of £0.66 per share and has a cost of equity of 12%. The dividends of the company have grown in recent years by an average rate of 3% per year. The ordinary shares of the company have a par value of £0.50 per share and an ex div market value of £8·30 per share.  The long-term borrowings of MM consist of 7% bonds that are redeemable in six years’ time at their par value of £100 per bond. The current ex interest market price of the bonds is £103·50.  The preference shares of MM have a nominal value of £0.50 per share and pay an annual dividend of 8%. The ex div market value of the preference shares is £0.67 per share. MM pay tax at an annual rate of 25% per year  Requirement  (a) Calculate the equity value of MM using the following business valuation methods:   (i) the dividend growth model; (ii) net asset value.        (b) Calculate the after-tax cost of debt of MM.       (c) Calculate the weighted average after-tax cost of capital for MM.         (d) Discuss the assumptions implicit in the use of the weighted average cost of capital for investment appraisal.  ATTACHMENT PREVIEW Download attachment 20190807223231.png The following financial information refers to MM pic: Current statement of financial position £m £m Assets Non-current assets Current assets Inventory 11 Trade receivables 21 Cash 10 Total assets Equity and liabilities Ordinary share capital Preference share capital Retained earnings Total equity Non-current liabilities Long-term borrowings 20 Current liabilities Trade payables Other payables INB Total current liabilities 29 Total liabilities Total equity and liabilities £m 101 42 143 50 25 19 94 49 143

How do I get my solution to this? ATTACHMENT PREVIEW

Question How do I get my solution to this? ATTACHMENT PREVIEW Download attachment 67738437_2371036242979686_8239962772478099456_n.jpg The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry $12,200 12% Quarterly Elaine 15,200 10 Semiannually George 22,200 h 6 Annually OK Kramer 18,200 8 Annually ices Required: 1-a. Calculate the future value for three years. (FV of $1, PV of $1, EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Future Value Jerry Elaine George Kramer 1-b. Who has the greatest investment accumulation? Prev 1 of 5% Next

The Income Summary account is:

Question The Income Summary account is:

A classified balance sheet:Measures a company’s ability to pay its

Question A classified balance sheet:Measures a company’s ability to pay its bills on time.Organizes assets and liabilities into important subgroups.Presents revenues, expenses and net income.Shows operating, investing, and financing activities.Shows the effect of net income and withdrawals on owner’s capital.

This question was created from Test 3 https://www.coursehero.com/file/22057783/Test-3/ the last

Question This question was created from Test 3 https://www..com/file/22057783/Test-3/ the last bit selected is part of the 3rd question, please answer them all, thank you! ATTACHMENT PREVIEW Download attachment 22057783-334067.jpeg

1. Match the following definitions and terms by placing the

Question 1.     Match the following definitions and terms by placing the letter for the terms A through J in the blank space next to the best definition. A. Trade discount                                          F. Acid-test ratioB. General and administrative expenses        G. Merchandise inventoryC. FOB shipping point                                   H. Selling expensesD. Single-step income statement                  I. Multiple-step income statementE. FOB destination                                        J. Inventory shrinkage  _____ 1. A measure of a company’s ability to pay its current liabilities that excludes less liquid current assets such as inventory and prepaid expenses. _____ 2. A widely used income statement format that lists cost of goods sold as another expense and shows only one subtotal for total expenses. _____ 3. The point of transfer from seller to buyer that takes place when the goods arrive at the buyer’s place of business. _____ 4. Products a company owns and intends to sell. _____ 5. The expenses that support a company’s overall operations and include costs related to accounting, human resource management and financial management. _____ 6. The point of transfer from seller to buyer that takes place when goods depart the seller’s place of business. _____ 7. Inventory losses that can occur as a result of theft or deterioration and require an adjusting entry to account for those losses. _____ 8. An income statement format that shows detailed computations of net sales and other costs and expenses, and reports subtotals for various classes of items. _____ 9. A given percent deducted from a list price often granted to customers purchasing large quantities of merchandise. _____ 10. The expenses of promoting sales by displaying and advertising merchandise, making sales, and delivering goods to customers.

2. Determining Gross ProfitDuring the current year, merchandise is sold

Question 2. Determining Gross ProfitDuring the current year, merchandise is sold for $11,750,000. The cost of the goods sold is $7,050,000.a. What is the amount of the gross profit?$?b. Compute the gross profit percentage (gross profit divided by sales). Round to the nearest whole number.  %?3.Determining Cost of Goods SoldFor a recent year, TechMart reported sales of $31,044 million. Its gross profit was $7,761 million.What was the amount of TechMart’s cost of goods sold? (Enter answer in millions.)$ million?

A firm plans to buy a machine costing $600,000. It

Question A firm plans to buy a machine costing $600,000. It has a residual value of $25,000 and an expected useful life of six years. The firm’s management estimates total income generated from the machine to be $300,000. Calculate the average rate of return of the machine.

Where is the solution for this question?

Question Where is the solution for this question?

Please answer the above ATTACHMENT PREVIEW Download attachment 7.PNG

Question Please answer the above ATTACHMENT PREVIEW Download attachment 7.PNG

GEM Associates is reeling from a decline in profits because

Question GEM Associates is reeling from a decline in profits because of competition.  For its most recent year end, its controller has prepared following variance analysis and concluded that the company has done very well controlling its costs:                                                               Budgeted                           Actual                                  VarianceVariable costs:Professional Labour                       $1,000,000                          $ 940,000                            $ 60,000          FTravel                                                     50,000                                40,000                                  10,000           FSupplies                                               100,000                               90,000                                  10,000           FFixed Costs:Professional Labour                        400,000                               405,000                                 (5,000)          UFacilities Cost                                     250,000                               265,000                                (15,000)         UInsurance                                             80,000                                78,000                                   2,000            FTotals                                                   $1,880,000                          $1,818,000                          $ 62,000          F For the year GEM Associates projected that it would generate $2,000,000 of revenues; it actually generated $1,800,000. The company has consulted with you for help in understanding what is happening. You decide to address the following items.a)     What are the major weaknesses in the report above?b)     Recast the report (using a flexible budget instead of the static one presented) to enable a more meaningful way to enable cost control evaluation.  c)      GEM Associates uses a management by exception philosophy. Use the report you prepared in (b) above and explain which costs are likely to receive additional investigation.

United company produces one product that sells for $1,200. Variable

Question United company produces one product that sells for $1,200. Variable costs are $840 per unit. Fixed costs are $720,000. Tax rate is 40%. Compute the breakeven point in sales revenue. How many units would United have to sell to earn a profit before taxes of $90,000? How much would the sales revenue($) have to be for United to have a profit after taxes of $1,080,000?

Upriver Parts manufactures two products, V-1 and V-2, at its

Question Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data for an average month for the two products follow.  V-1V-2Units produced 10,000  1,000 Direct materials cost per unit$2 $4 Machine hours per unit 1  2 Production runs per month 80  40  Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant follow.   Machine depreciation$96,000 Setup labor 42,000 Material handling 19,200 Total$157,200 Exercise 9-38 (Algo) Activity-Based Costing and Cost Driver Rates (LO 9-4)Required:a. Upriver currently applies overhead on the basis of machine hours. What is the predetermined overhead rate for the month? (Round your answer to 2 decimal places.)b. Upriver is thinking of adopting an ABC system. They have tentatively chosen the following cost drivers: machine hours for machine depreciation, production runs for setup labor, and direct material dollars for material handling. Compute the cost driver rates for the proposed system at Upriver. (Round “Machine depreciation” answer to 2 decimal places.)

How long will it take to save $1,540.00 by making

Question How long will it take to save $1,540.00 by making deposits of $110.00 at the end of every year into an account earning interest at 12% compounded annually? State your answer in years and months (from 0 to 11 months).

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