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Which of the following statements is true about the disposal

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Question Which of the following statements is true about the disposal of factory overhead balance?a.An ending positive balance in the factory overhead account is disposed of by increasing Cost of Goods Sold and decreasing Factory Overhead.b.An ending positive balance in the factory overhead account is disposed of by increasing Factory Overhead and decreasing estimated activity base.c.An ending negative balance in the factory overhead account is disposed of by increasing Cost of Goods Sold and increasing estimated activity base.d.An ending negative balance in the factory overhead account is disposed of by increasing Cost of Goods Sold and decreasing Factory Overhead.

I’m still a little confused with question 2. Which rate

Question I’m still a little confused with question 2. Which rate should I use, 3.7% or 10 %? src=”/qa/attachment/9537854/” alt=”Screen Shot 2019-08-27 at 9.06.47 PM.png” />For refernce, here is question 1 with the answer.Here’s what I did on question 2, if it’s wrong, can somebody tell me what’s wrong with it? thanks Attachment 1 Attachment 2 Attachment 3 Attachment 4 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-27 at 9.06.18 PM.png ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-27 at 9.06.34 PM.png 2. Liz is required to take out approximately 3.7% of the balance in the IRA in the first year and the percent increases each year. The IRA will essentially be all used by age 100. She may take out more than the minimum each year if she chooses. If Liz expects the IRA to earn 10% each year, will her IRA balance grow in the first 4 months years if she takes out an amount equal to the annuity payment? Calculate the earnings on an annual basis and use the total of 12 months of the annuity for the amount she will take out. ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-27 at 9.06.47 PM.png 2. Liz is required to take out approximately 3.7% of the balance in the IRA in the first year and the percent increases each year. The IRA will essentially be all used by age 100. She may take out more than the minimum each year if she chooses. If Liz expects the IRA to earn 10% each year, will her IRA balance grow in the first 4 months years if she takes out an amount equal to the annuity payment? Calculate the earnings on an annual basis and use the total of 12 months of the annuity for the amount she will take out. 3. If Liz expects to earn 3% on the IRA, and she takes out an amount equal to the annuity payment, the IRA should end at zero in 17.5 years. Should Liz take the annuity or move the money to the IRA? What factors would influence her decision? ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-27 at 9.13.42 PM.png

b. Assume that the seller owes $96,000 on a loan

Question b. Assume that the seller owes $96,000 on a loan for the land. After receiving the $663,000 cash in (a), the seller pays the $96,000 owed. What is the effect of the payment on the total amount of the seller’s (1) assets, (2) liabilities, and (3) stockholders’ equity? If there is no change, select ‘No change’ from the dropdown and then enter a ‘0’ in the amount box. Consider only the payoff of the loan, without considering the sale of the land.  Effect Amount1.Total Assets   2.Total Liabilities   3.Stockholders’ Equity 

ch5.1Delsing Canning Company is considering an expansion of its facilities.

Question ch5.1Delsing Canning Company is considering an expansion of its facilities. Its current income statement is as follows:      Sales $ 6,200,000 Variable costs (50% of sales)   3,100,000 Fixed costs   1,920,000 Earnings before interest and taxes (EBIT) $ 1,180,000 Interest (10% cost)   440,000 Earnings before taxes (EBT) $ 740,000 Tax (30%)   222,000 Earnings after taxes (EAT) $ 518,000 Shares of common stock   320,000 Earnings per share $ 1.62  The company is currently financed with 50 percent debt and 50 percent equity (common stock, par value of $10). In order to expand the facilities, Mr. Delsing estimates a need for $3.2 million in additional financing. His investment banker has laid out three plans for him to consider: Sell $3.2 million of debt at 14 percent.Sell $3.2 million of common stock at $20 per share.Sell $1.60 million of debt at 13 percent and $1.60 million of common stock at $25 per share.   Variable costs are expected to stay at 50 percent of sales, while fixed expenses will increase to $2,420,000 per year. Delsing is not sure how much this expansion will add to sales, but he estimates that sales will rise by $1 million per year for the next five years. Delsing is interested in a thorough analysis of his expansion plans and methods of financing.He would like you to analyze the following:a. The break-even point for operating expenses before and after expansion (in sales dollars). (Enter your answers in dollars not in millions, i.e, $1,234,567.) ATTACHMENT PREVIEW Download attachment ch5.1Capture.PNG

BE1.6 style=”color:rgb(0,0,0);”> (LO 4) Presented below are three business transactions.

Question BE1.6 style=”color:rgb(0,0,0);”> (LO 4) Presented below are three business transactions. On a sheet of paper, list the letters (a), (b), and (c) with columns for assets, liabilities, and stockholders’ equity. For each column, indicate whether the transactions increased ( ), decreased (−), or had no effect (NE) on assets, liabilities, and stockholders’ equity.

On the income statement, I added depreciation expense based on

Question On the income statement, I added depreciation expense based on accumulated depreciation from balance sheet. My new net loss calculation obviously changed equity section, but now my balance sheet isn’t balancing. Where else do I have to make an adjustment?

During its first month of business, Purses, Inc., purchased 5

Question During its first month of business, Purses, Inc., purchased 5 purse(s) at $40 each and sold 3 purses for $80 each. Purses’ Inventory balance on the balance sheet at the end of the month equals $______

My question is as follows:I’m trying to get a better

Question My question is as follows:I’m trying to get a better understanding of this question. I’ve changed the numbers to ensure that there is no violation here. Please advise on the order in which a company should pursue these projects (i.e., which project should they attempt to do first, second, and last) and please provide justification for the prioritization of each answer. Project 1 Project 2 Project 3 Purchase Price $75,000 $170,000 $21,700 Required Rate of Return 4% 6% 10% Time Period 3 years 5 years 2 years Cash Flows – Year 1 $48,000 $85,000 $13,000 Cash Flows – Year 2 $36,000 $74,000 $13,000 Cash Flows – Year 3 $22,000 $38,000 N/A Cash Flows – Year 4 N/A $26,800 N/A Cash Flows – Year 5 N/A $19,000 N/A

This question was created from chapter 4 pdf https://www.coursehero.com/file/12381576/chapter-4-pdf/ 1.)

Question This question was created from chapter 4 pdf https://www..com/file/12381576/chapter-4-pdf/ 1.) calculate the total revenue after adjusting the entries 2.)calculate total expenses after adjusting entries are made 3) what is the total net income after adjustments can I see this detailed answers (I need to see the calculations) ATTACHMENT PREVIEW Download attachment 12381576-337979.jpeg making any month-end adjusting entries. The following data are provided regarding adjusting entries. (A.) Portion of insurance expiring in May, $2,520. (B.) A customer has used the facilities for two weeks in May; the fee of $4,200 has not yet been billed. (C.) Amount owed for salaries accrued in the last week of May, $1,650. (D.) Depreciation on equipment for May $1,290. (E.) Supplies used in May, $13,125. (F.) Fees collected in advance which have been earned during May, $23,400. Complete the schedule to determine the net income of Ocean View Inc. for May after these adjustments have been recorded. Begin your schedule with income before adjusting entries and then show the effect of each adjustment to arrive at net income after adjustment. Income before adjusting entries. Adjustments………. Net income after adjustments…..

hi, how do you use CAPM to compute the require

Question hi, how do you use CAPM to compute the require rate of return on common equality capital.

I have the most detailed financial statements for Amazon and

Question I have the most detailed financial statements for Amazon and i”m trying to calculate the below cash conversion cycle ratios. Which statements, values, formulas do I need in order to calculate them? This would be greatly appreciated.

hi,can i have any project for bachelor of business accounting

Question hi,can i have any project for bachelor of business accounting which includes below criteria. style=”color:rgb(49,112,143);background-color:rgb(217,237,247);”>Tip: Include projects, major works or stand-out assignments you undertook that relate to your professional discipline. It is important to consider the following when drafting this area of your CV:

Hi,Can i have a project for bachelor of business accounting

Question Hi,Can i have a project for bachelor of business accounting which includes below criteria. I need this for put in my CV.Tip: Include projects, major works or stand-out assignments you undertook that relate to your professional discipline. It is important to consider the following when drafting this area of your CV:

(Ignore income taxes in this problem.) Chee Company has gathered

Question (Ignore income taxes in this problem.) Chee Company has gathered the following data on a proposed investment project:Investment required in equipment $240,000Annual cash inflows $50,000Salvage value $-0-Life of the investment 8 yearsRequired rate of returnThe simple rate of return on the investment is closes to:a. 12.5%b. 10.0%c. 20.8%d. 17%

Which of the following costs is a direct materials cost

Question Which of the following costs is a direct materials cost for a guitar manufacturing company?a.The cost of the guitar stringsb.The cost of gluec.The cost of the oil used to lubricate the machineryd.The cost of the wood used in producing each guitar

Which of the following statements is true about the finished

Question Which of the following statements is true about the finished goods inventory?a.It consists of completed jobs that have already been sold.b.It consists of completed jobs that have not been sold.c.It consists of indirect materials costs and factory overhead costs that have entered the manufacturing process but are associated with products that have not been completed.d.It consists of direct materials costs and factory overhead costs that have entered the manufacturing process but are associated with products that have not been completed.

Costs are often classified by their relationship to a segment

Question Costs are often classified by their relationship to a segment of operations, called a(n)_____.a.opportunity costb.cost objectc.cost sheetd.sunk cost

Which of the following is an advantage of using job

Question Which of the following is an advantage of using job order cost accounting system?a.A job order cost accounting system helps in avoiding service cost distortions.b.A job order cost accounting system uses cost of activities to determine product costs.c.A job order cost accounting system can be used by managers for cost evaluation, decision making, and performance analysis.d.A job order cost accounting system is the most effective method of allocating factory overhead.

The balanced scorecard is an effective way of communicating the

Question The balanced scorecard is an effective way of communicating the company goals and strategies to employees. Using the balanced scorecard employees can understand the direction and focus of the company.Is this statement true or false? Why? Explain, Example

Information about the cost of a product is given below.Direct

Question Information about the cost of a product is given below.Direct materials = $1,000Direct labor = $400Factory overhead = $200Selling expenses = $100Administrative expenses = $50What is the cost of the manufactured product?a.$1,750b.$750c.$150d.$1,600

Which of the following statements is true about a direct

Question Which of the following statements is true about a direct materials cost?a.A direct materials cost is the cost of any material that is not traceable to the finished product.b.A direct materials cost is included in factory overhead.c.A direct materials cost is the cost of any material purchased for administrative purposes.d.A direct materials cost is the cost of any material that is an integral part of the finished product

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