Entries by mary WAMBUGU

Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity

August 30, 2019 in /by

 Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 175 $11.00 5/5 Purchase 200 $12.50 5/10 Sales 300 $25 5/15 Purchase 200 $13.00 5/20 Sales 250 $28 5/25 Purchase 150 $12.50 Using the LIFO method, […]

 

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On June 1, 2019 Adelphi Corporation issued $390,000 of 6%, 5-year bonds. The bonds which were issued at 97, pay interest on January 1 and June 1.

August 30, 2019 in /by

Question On June 1, 2019 Adelphi Corporation issued $390,000 of 6%, 5-year bonds.  The bonds which were issued at 97, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. If this is discount amortization enter as a positive number. If this is […]

 

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For the FY 2018, Frederick Company had net sales of $1,000,000 and net income of $95,000, paid income taxes of $27,500, and had before tax interest expense of $20,000.

August 30, 2019 in /by

For the FY 2018, Frederick Company had net sales of $1,000,000 and net income of $95,000, paid income taxes of $27,500, and had before tax interest expense of $20,000. Use this information to determine the Times Interest Earned Ratio. (Round your answers to one decimal place)   Looking for a Similar Assignment? Order now and Get 10% […]

 

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On June 1, 2019 Adelphi Corporation issued $400,000 of 6%, 5-year bonds. The bonds which were issued at 99, pay interest on January 1 and June 1.

August 30, 2019 in /by

1.On June 1, 2019 Adelphi Corporation issued $400,000 of 6%, 5-year bonds.  The bonds which were issued at 99, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. If this is discount amortization enter as a positive number. If this is premium […]

 

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