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5802 FNCE370v8 Assignment 5-11 You own 1,000 shares of stock in ABC Corporation. You will receive a 60 cent per share dividen $8
5801 FNCE370v8 Assignment 5-10 Positive NPV projects enhance shareholder wealth. However, in some cases the payment of divide $3
5800 FNCE 370v8 Assignment 5-12.Suppose we have two equally risky firms, Firm A and B. Firm B’s shares are currently worth $1 $5
5799 FNCE 370v8 Assignment 5-9. Explain homemade leverage and why it matters.   9. Explain homemade leverage and why i $3
5798 FNCE 370v8 Assignment 5-8. STU’s Disco Factory Inc. is financed solely by equity and it is considering issuing debt and $8
5797 FNCE 370v8 Assignment 5-7. VWX Corporation has an EBIT of $166,666.67, a corporate tax rate of 40%,   7. VWX Corp $7
5796 FNCE 370v8 Assignment 5-4. WXYZ Co. has concluded that additional equity financing will be needed to expand operations, $3
5795 FNCE 370v8 Assignment 5 - 3. TUV Guy Inc. is proposing a rights offering. There are currently 240,000 shares outstanding $6
5794 FNCE 370v8 Assignment5 -1 Describe the role that the “winner’s curse” may play in the underpricing of IPOs.   1. $3
5781 FNCE 370v8 Assignment4 6.The expected returns, return variances, and the correlation between the returns of $15
5780 FNCE 370v8 Assignment4 5a. Suppose we have two assets, A and B. What correlation levels between the two ass $3
5779 FNCE 370v8 Assignment 4 4. The returns on XYZ Corp. over the last four years are 10%, 12%, 3%, and -9%. (5 mark $4
5778 FNCE 370 v 8 Assignment 4   7. Use the following information to answer the questions below. (10 marks) $7
5777 FNCE 370 v 8 Assignment 4 8. Consider the following information on three stocks. (10 marks) Rate of Retu $6
5776 FNCE 370 v 8 Assignment 4 9. Briefly discuss the advantages and disadvantages of using the dividend growth model to est $3
5775 FNCE 370 v 8 Assignment 4   10.Mustard Patch Doll Company needs to purchase new plastic moulding machines to meet $5
5774 FNCE 370 v 8 Assignment 4 11. Photosynthesis, Inc. is considering a project that will result in initial after-tax cash $5
5773 FNCE 370 v 8 Assignment 4 12.ABC Co. has the following dividend payment history: (10 marks) Year Dividend $5
5718 P15-1 Operating lease; scheduled rent increases   P15-1 On January 1, 2011, Sweetwater Furniture Company leased o $3
5716 The purchase price of a home is $466000, the down payment is 10%, the interest rate is 5% and the purchase is financed f $4
5715 Sprint Nextel is one of the largest digital wireless service providers in the United States. In a recent year, it had ap $6
5714 Pro forma balance sheet Peabody & Peabody has 2006 sales of $10 million. It wishes to analyze expected performance a $6
5713 Mega Oil Company transports crude oil to its refinery where it is processed into main products gasoline, kerosene, and d $6
5712 1. Joe won a lottery jackpot that will pay him $12,000 each year for the next ten years. If the market interest rates ar $7
5711 E5-48 Cycle time efficiency and JIT Walker Brother Company is considering installing a JIT manufacturing system in the h $4
5710 6-1 In the following table, there appear income statements for four hypothetical companies. Each income statement is mis $7
5709 E1-13 Mary Close is the bookkeeper for Mendez Company. Mary has been trying to get the balance sheet of Mendez Company t $3
5708 In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1.At re $7
5707 Axis Corp, is considering investment in the best of two mutually exclusive projects Project Kelvin involves an overhaul $5
5706 Herky Foods is considering acquisitions of a new wrapping machine. The initial investment is estimated at $1.25 million, $4
5705 Exercise 5-48 Cycle time efficiency and JIT Walker Brother Company is considering installing a JIT manufacturing system $5
5704 In September, Smith Company had the following financial statement amounts related to producing 1,000 units:    $3
5703 The product-mix decision. XYZ Company produces Product A, Product B, and Product C. All three products require processin $6
5702 Springsteen Music Company earned $820 million last year and paid out 20 percent of earnings in dividends.   a. By $5
5701 PDQ bonds have a face value of $1,000. The bonds pay $40 in interest every six months and will mature in 10 years. &nbs $6
5700 Meg salon established a savings account for her son's college education by making annual deposits of $8,000 at the begin $5
5699 Kyle Corporation is comparing two different capital structures, an all equity plan (plan1) and a levered plan (2) under $6
5698 P10-5A At December 31, 2008, Jimenez Company reported the following as plant assets.   XACC 280 P10-5A At Decembe $10
5697 In comparing and contrasting FIFO vs LIFO inventory procedures, the following listing was developed. You are to complete $9
5696 12-59 Decision guidelines - Dallas Cleaning   Chapter 12 Decision guidelinesDallas CleaningCost allocations from $7
5695 2-65 CVP-Analysis - Phonetronix   Chapter 2 Decision Guideline Phonetronix Cost-volume-profit (CVP) Analysis 07- $5
5694 The president of Real Time Inc. has asked you to evaluate the proposed acquisition of a new computer. The computer’s pri $6
5693 Springfield Manufacturing produces electronic storage devices, and uses the following three-part classification for its $6
5692 The following information is budgeted for McCracken Plumbing Supply Company for next quarter: April      $4
5691 A comparative balance sheet for Lyon Company appears belowLYON COMPANYComparative Balance SheetDec. 31, 2008  Dec, $5
5690 Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of $3
5689 Jim Green has owned and operated Greens Data Services since its beginning ten years ago. From all appearances, the busin $7
5688 Contingent Liabilities. Below are three independent situations.   1. In August, 2007 a worker was injured in the $5
5687 COLO COMPANY - Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the acco $20
5686 The president of castle enterprises ltd Nichole Castle is considering the impact that certain transactions have on its r $5
5685 Sports Car Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appe $5
5684 Paula’s Puppy Parlor creates popular puppy hair-dos for all kinds of dogs. The typical cut and style costs $200. Paula’s $5
5683 B20. (Constant Growth Model) Medtrans is a profitable firm that is not paying a dividend on its common stock B20  $5
5682 In a monopolized industry a.  State the monopolists’ profit maximizing condition b.  Use a graph to show a p $7
5681 ACC300 P1-30A O'Shea Enterprises started the 2002 accounting period with $30,000 of assets   ACC300 PROBLEM 1-30A $7
5680 The PQ partnership has the following plan for the distribution of partnership net income (loss): P   &nb $6
5679 Spencer Supplies stock is currently selling for $60 a share. The firm is expected to earn $5.40 per share this year and $4
5678 Paula Company produces a part that is used in the manufacture of one of its products. The costs associated with the pr $5
5677 Meacham Company has traditionally made a part for its major product.  Annual production of 20,000 parts resulted in $6
5675 In 2008, Masset sold 3,000 units at $500 each. Variable expenses were $350 per unit, and fixed expenses were $200,000. W $2
5674 ACC226 Q13-2, 13-4, 13-5, E13-3, E13-7 on pp.528, 529 and 530.   Check Point: Stock Issuances, Dividends, and Spl $13
5673 The Petunia Corporation grows and consigns flowering plants to retailers. The consignee receives a sales commission of 2 $4
5672 Spencer Inc. has the following information for the current year   Net Income      & $3
5671 P1-4 Ethics in Business [LO4]   P1-4Paul Sarver is the controller of a corporation whose stock is not listed on a $3
5670 Mcmurtry Corporation sells a product for $170 per unit. The product's current sales are 10,000 units and its break-even $3
5669 Kroncke target structure is 30% debt, 20% preferred, and 50% common equity. The after-tax cost of debt is 8%, the cost o $4
5668 In 2005 Joe Dokes Inc had net income (book) of $168,000. taxable income was $110,000. The difference of $58,000., was du $3
5667 ACC 421 Week 2 E2-2 (Qualitative Characteristics) The qualitative characteristics that make   ACC 421 W2 Tutoria $5
5666 The petty cash fund of the Brooks agency is established at $85. At the end of the current period, the fund contained $14 $2
5665 The following comparative income statement (in thousands of dollars) for the fiscal years 2003 and 2004 was adapted from $6
5664 Patton Paints Corporation has a target capital structure of 40 percent debt and 60 percent common equity, with no prefer $6
5663 McKinsee Inc. is developing a plan to finance its asset base.  The firm has $5,000,000 in current assets, of which $6
5662 The following information is available for the Koufax Company for the year ending Dec. 31, 2007:    &nbs $6
5661 In 2004, TimeNow Corporation had current assets of $260 and current liabilities of $180. In 2003, current assets were $2 $3
5660 13-B3 Consider the following information pertaining to a year’s operations of Youngstown Manufacturing  13-B3 Comp $6
5659 The per-unit standards for direct labor are 1.5 direct labor hours at $12 per hour. If in producing 2,400 units, the act $3
5658 Speckman Enterprises, Inc., produces and sells a single product whose selling price is $200.00 per unit and whose variab $5
5657 E23-11 LO 6 (SCF--Indirect Method)   E23-11 Condensed financial data of Pat Metheny Company for 2008 and 2007 ar $7
5656 In its budget for next month, McGwire Company has revenues of $500,000, variable costs of $350,000 and fixed costs of $1 $7
5655 A comparative balance sheet for Lyon Company appears below   LYON COMPANY Comparative Balance Sheet   Dec $6
5654 P11-3A Kohler Clothiers manufactures women’s business suits. The company uses a standard cost accounting system. In Marc $9
5653 Jill Norris is presently leasing a small computer from Stark Office Equipment Company. The lease requires 10 annual paym $4
5652 In 1 year, a stock is expected to pay a $2.11 dividend and be priced at $50 per share. What is the stock's price today i $1.5
5651 13-48 Study Appendix 13. Consider the following data for the Rivera Company   Overhead Variances   ACC 561 $8
5650 The following information relates to Linda Stanley Co. for the year 2008.Retained earnings, January 1, 2008 $ 48,000 Adv $5
5649 The partnership of Jenson, Smith and Hart share profits and losses in the ratio of 5:3:2, respectively. The partners vot $6
5648 E17-5 Spearkerboxx Music, Inc. produces a hip-hop CD that is sold for $15. The contribution margin ratio is 30%. Fixed e $6
5647 Part S51 is used in one of Haberkorn Corporation's products. The company makes 12,000 units of this part each year. The $4
5646 McGuire Corporation began operations in 2006. The company purchases computer equipment from manufacturers and then sells $4
5645 On September 30, 2007(the end of its fiscal year), the Lufkin corporation reported accounts receivable of $ 331,750 an $6
5644 5-42 KLM Royal Dutch Airlines transports approximately 12 million passengers and more than 460 million tons of freight a $3
5643 Jilk Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly $2
5642 On January 1, 2002, Lio Corporation has assets equal to four times the amount of its liabilities. Total liabilities on J $6
5641 13-49  Variances Study Appendix 13. Consider the following data regarding factory overhead: Variable  &n $7
5640 The Nunnally Company has equal amounts of low-risk, average-risk, and high-risk projects.  Nunnally estimates that $3
5639 ACC 561 QUESTION 13-45 Chan Manufacturing Company for 20X7 follow Introduction to Management Accounting: Horngren, $7
5637 Souza Inc, which produces and sells a single product, has provided its contribution format income statement for October. $5
5636 Part I  You are advising company X on its merger and acquisition case. The buyer company offers X two options. Opti $8
5635 McGriff requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $76,000. $5
5634 On September 30, 2007(the end of its fiscal year), the Lufkin corporation reported accounts receivable of $ 331,750 and $6
5633 On May 15 kiwi’s outback clothes borrowed some money on a 4 month note to provide cash during the slow season of the yea $5
5632 Jesus and Carlos have capital balances of $100,000 and $300,000 respectively. Jesus devotes full time and Carlos one-hal $7
5631 Ignace Timekeepers, Inc. manufactures and sells wrist watches. Ignace has the capacity to manufacture and sell 20,000 wa $3
5630 13-45 Chan Manufacturing Company for 20X7 follow   ACC 561 QUESTION 13-45 Chan Manufacturing Company for 20X7 fol $6
5629 The number of labor hours worked for the first five months of 2009 were: January 180, February 200, March 250, April 225 $4
5628 Southwest Airlines offers four flights per weekday from Cleveland, Ohio, to Tucson, Arizona.  Adding a fifth flight $3
5627 Parr Paper's stock has a beta of 1.40, and its required return is 13.00%. Clover Dairy's stock has a beta of 0.80. If th $4
5626 Mcfarlain Corporation is presently making part U98 that is used in one of its products. A total of 7,000 units of this p $6
5625 Suppose Lucent Technologies has an equity cost of capital of 10%, market capitalization of $ 10.8 billion, and an enterp $3
5624 The following data for Kitchen Tile Company related to the production of 18,000 tiles during the past month. The company $5
5623 Jerrel Corporation sells a product for $230 per unit. The product's current sales are 24,000 units and its break-even sa $5
5622 If you take out an $8,000 loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment? $3
5621 13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead: Question 13-49, Variances, $6
5620 The New York Yankees offer Alex Rodriguez $20million per year for 10 years.-The New York Mets offer Alex Rodriguez $20mi $7
5619 Southern Bell has issued 4 3/8 percent bonds that mature on August 1 2011. Assume that interest is paid and compounded a $4
5618 Business is going well for Park'N Fly, the company that operates remote parking lots near major airports. The board of d $7
5617 Mcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below: $3
5616 LSU Corp. purchased Canadian dollar call options for specula­tive purposes.   Speculating with Currency Call $3
5615 Kirk Company issues 10 year, 10% bonds with a face value (par) of $1,000,000 for $887,000 to yield 12% annually. Interes $8
5614 P23-8 - Jensen Company - Prepare a statement of cash flows using the indirect method. LO 6,7,8 (SCF-Direct and Indirect $6
5613 If you invest $9,000 today, how much will you have a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In $6
5612 3-38, Mixed Cost, Choosing Cost Drivers, and High-Low and Visual-Fit Methods Cedar Rapids Implements Company produces f $9
5611 Interest-rate risk - The New York Stock Exchange trades many  Oregon Timber bonds.   With identical coupo $10
5610 Southeast Airlines purchased a 747 aircraft on January 1, 2007, at a cost of $35,000,000. The estimated useful life of t $7
5609 Parker Inc. purchased a $30,000 asset with a salvage value of $1,200 and an estimated useful life of three years. What i $6
5608 The following information is budgeted for McCracken Plumbing Supply Company for next quarter:   April May June $4
5607 Lowry Company uses a sales journal, a cash receipts journal, and a general journal to record transactions with its custo $6
5606 Kingston Company needs 10,000 units of a certain part to be used in its production cycle. The following information is a $3
5605 On December 31, 2006 Jeltz Corporation sold some of its product to Beaty Company, accepting a 3%, four-year promissory n $8
5604 If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years $3
5603 Question 3-38, Mixed Cost, Choosing Cost Drivers, and High-Low and Visual-Fit Methods   Acc 561 3-38 cedar rapids $7
5602 The most current dividend paid by the Colorado Company was $1.00.  The company’s growth rate is expected to be a co $3
5601 PR 27-2A Soundwave Audio Company manufactures electronic stereo equipment. The manufacturing process includes printed ci $4
5600 Ryngaert Medical Enterprises is considering a project that has the following cash flow and WACC data.  What is the $4
5599 10.6 On September 1,2002, Park Rapids Lumber Company issued $80 million in 20-year,10% debenture bonds. Interest is paya $6
5598 The February contribution format income statement of Mcabier Corporation appears below:   a. Degree of operating $1.5
5597 The MB Corporation has a bond outstanding with a $90 annual interest with semi-annual payment, a market price of $820, a $5
5596 Tanzy Company's ending inventory includes the following items. Compute the lower of cost or market for ending inventory $5
5595 On January 1, 2007, the Kings Corporation issued 10% bonds with a face value of $100,000. The bonds are sold for $96,000 $4
5594 What is the current value of the future payments if Jean will receive $8,500 per year for the next 15 years from her tru $2
5593 If you can purchase a 15-year, semiannual bond for $1,324.23, with an annual of 8 percent, how much interest does this b $3.5
5592 2-61 CVP in a Modern Manufacturing Environment A division of Hewlett-Packard Company changed its production operations f $10
5591 BONDS HAVE A PAR VALUE OF $1,000. One is 5%, 15 year bond priced to yield 8%. The other is a 7%, 20 year bond priced to $6
5590 What would be the value of this bond if interest rates fall to 5% the day after it is purchased? If interest rates fell $6
5589 Given the capital asset pricing model, a security with a beta of 1.5 should return ___if the risk-free rate is 6% and th $2
5588 Andre has asked you to evaluate his business, Andre’s Hair Styling. Andre has five barbers working for him. (Andre is no $7
5579 Edison Company budgeted $7,200,000 of manufacturing overhead for the current year, and 50,000 hours of direct labor (cos $6
5578 P21-14 The comparative balance sheets for 2011 and 2010 are given below for Surmise Company. Net income for 2011 was $50 $6
5577 P21-14 The comparative balance sheets for 2011 and 2010 are given below for Surmise Company. Net income for 2011 was $50 $6
5576 AB217 - Unit 6 distinguished scholar project worksheet.   Using data from our fictitious Company, AB 217 ( $9
5575 Exercise 13-3 Make or Buy a Company - Han Products manufactures 30,000 units of part S-6 each year for use on its produc $6
5574 Find the duration of a 15% coupon bond making annual coupon payments if it has three years until maturity and a yield to $6
5573 Rocky Mount Metals Company manufactures an assortment of wood burning stoves. The average selling price for the various $5
5572 P13-2  Flotation cost and issue size - Your firm needs to raise $10million. Assuming that flotation costs are expec $3
5571 You have developed the following income statement for the Hugo Boss Corporation. It represents the most recent years ope $5
5570 Companies U and L are identical in every respect except U is unlevered while L has $10 milliom of 5% bonds outstanding. $7
5569 The expected return for Stock P is 30 percent. If we know the following information about Stock P, then what return will $3
5568 You have invested 40 percent of your portfolio in an investment with an expected return of 12 percent and 60 percent of $3
5567 The expected return for the asset shown in the following table is 18.75 percent. If the return distribution for the asse $3
5566 Sweet Tooth Bakery bakes and sells pies. Sweet Tooth has an annual fixed costs of$880,000 and a variable cost per pie of $2
5565 D. Butler Inc. needs to raise 14 million. Assuming that the market price of the firm's stock is $95, and flotation cost $5
5564 If variable cost is $10 per unit, fixed cost is 300,000, and expected unit sales are 50,000, the unit cost is.A) %10B) $ $2
5563 Unit 8-AB 217 Electronics is a midsized electronics manufacturer located in Melbourne, Florida. The company president is $10
5562 P 14-16 Cupola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2011.   P 14-16 Debt $6
5561 MT 217 can manufacture the new PDA for $200 each in variable costs. Fixed costs for the operation are estimated to run $ $9
5560 P 14-15 The long-term liability section of Twin Digital Corporation's balance sheet as of December 31   P 14-15 E $4
5559 6-7: Suppose rRF = 9%m rM = 14%, and bi = 1.3. a. What is ri, the required rate of return on Stock i? b. Now suppose r $6
5558 P 14-14 Three years ago American Insulation Corporation issued 10 percent, $800,000, 10-year bonds for $770,000. Debt is $3
5556 QUANTITATIVE TECHNIQUES 1-16 Questions   1. Future Value. What is the future value of Answers a. $572 invested f $40
5555 P 14-13 Note and installment note with unrealistic interest rate - Braxton Technologies, Inc., constructed a conveyor fo $8
5554 Project B - Clark Paints - The production department has been investigating possible ways to trim total production costs $10
5553 Sincere Stationery Corporation needs to raise $500,000 to improve its manufacturing plant. It has decided to issue a $1, $6
5552 P 14-13 Technologies, Inc., constructed a conveyor for A&G Warehousers that was completed and ready for use on Janua $7
5551 XYZ Manufacturing produces car parts. The company has a variable cost per unit of $100 and fixed costs of $100,000. The $3
5550 Two business men are considering purchasing a restaurant, called the "Lax Luster", that will require an investment of $1 $5
5549 Using data from our fictitious Company, MT 217 (from Unit 3), We will calculate the expect value of its stock using the $7
5548 P 14-12 At the beginning of 2011, VHF Industries acquired a machine with a fair   P 14-12 Noninterest-bearing in $6
5547 The company expects to sell $950,000 of the new product in the first year and $1,500,000 each year thereafter.  Dir $10
5546 P 14-11 Note with unrealistic interest rate - January 1, 2011, Brant Cargo acquired equipment by issuing a five-year P $5
5545 A project has the following estimated data -  price = $65 per unit; variable costs = $33 per unit; fixed costs = $4 $7
5544 A firm is considering the purchase of equipment which will cost $3 million. This equipment will last for 10 years, at th $8
5543 A project requires an initial investment of $10,000, straight-line depreciable to zero over four years. The discount rat $10
5542 Describe how the inclusion of a strategic option can affect setting a bid price. $3
5541 You are evaluating a project for Ultimate Inc. The project produces chew-resistant doghouses. You estimate the sales pri $7
5540 A firm is considering bidding on a project to produce eight widgets per year for the next four years. In order to comple $6
5539 Given the following cash flows for two mutually exclusive projects (A and B), which project should be chosen?   A $5
5538 a. Why is it important to consider additions to net working capital in developing cash flows? b. What is the effect of $5
5537 Canadian Classics manufactures parts for classic automobiles. The CFO is considering the purchase of a two-ton press, wh $8
5536 Consider the following information for projects A and B, which are mutually exclusive. (7 marks) Year Projec $6
5535 Consider the following cash flow [-100, + 230, -132]. We want to decide under what range of discount rate this is an adv $12
5534 If the expected return on the market portfolio is 14%, if the risk-free rate is 4.5% and if the beta of Homton, Inc. sto $2
5533 Consider the following projects, for a firm using a discount rate of 10%: Project NPV IRR PI A $200,000 12.2% 1.04 B $20 $5
5532 Define mutually exclusive investment decisions, and give an example of this type of decision. $2
5531 John buys a house for $135,000 and takes out a five year adjustable rate mortgage with a beginning rate of 5%. He makes $8
5530 The Mori Egg Noodle Company has the following equity accounts on its balance sheet: Common stock ($10 par, 300,000 share $3
5526 FNCE 370v8 Assignment 3   1. Define mutually exclusive investment decisions, and give an example of this type $50
5525 P 14-10 Notes exchanged for assets; unknown effective rate - At the beginning of the year, Lambert Motors issued the thr $6
5524 Wolverine Corporation plans to pay a $3 dividend per share on each of its 300,000 shares next year. Wolverine anticipate $3
5523 P 14-9 Zero-coupon bonds - On January 1, 2011, Darnell Window and Pane issued $18 million of 10-year, zero-coupon bonds $4
5522 Albatross Airline’s fixed operating costs are $5.8 million, and its variable cost ratio is 0.20. The firm has $2 million $5
5521 McGee Corporation has fixed operating costs of $10 million and a variable cost ratio of 0.65. The firm has a $20 million $4
5520 P 14-8 The fiscal year ends December 31 for Lake Hamilton Development.   P 14-8 Bonds; effective interest; partia $6
5519 Blums, Inc., expects its operating income over the coming year to equal $1.5 million, with a standard deviation of $300, $4
5518 Scherr Corporation’s current EPS is $5.00 at a sales level of $10,000,000. At this sales level, EBIT is $2,000,000. Sche $2
5517 P 14-7 McWherter Instruments sold $400 million of 8% bonds, dated January 1, on January 1, 2011.   P 14-7 Issuer $6
5516 Piedmont Instruments Corporation has estimated the following costs of debt and equity capital for various fractions of d $6
5515 The Mori Egg Noodle Company has the following equity accounts on its balance sheet: Common stock ($10 par, 300,000 share $3
5514 Jersey Computer Company has estimated the costs of debt and equity capital (with bankruptcy and agency costs) for variou $5
5513 P 14-6 Issuer and investor; straight-line method; adjusting entries - 6 On April 1, 2011, Western Communications, Inc., $10
5512 Two firms, No Leverage, Inc., and High Leverage, Inc., have equal levels of operating risk and differ only in their capi $5
5511 P 14-5 On February 1, 2011, Cromley Motor Products issued 9% bonds, dated February 1, with a face amount of $80 million. $10
5510 P 14-5 On February 1, 2011, Cromley Motor Products issued 9% bonds, dated February 1, with a face amount of $80 million. $10
5509 11-11 The Seminole Production Company is analyzing the investment in a new line of business machines. The initial outlay $4
5508 P 14-4 On January 1, 2011, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June $5
5507 PR 4-6B For the past several years, Kareem Ismail has operated a part-time consulting business from his home. As of Octo $20
5506 P 14-3 Straight-line and effective interest compared - On January 1, 2011, Bradley Recreational Products issued $100,000 $8
5505 MUSIC DEPOT - The unadjusted trail balance of Music Depot as of july 31, 2010, along with the adjustment data for the tw $20
5504 Kelly pitney began her consulting business, Kelly Consulting, on April 1, 2010.   Kelly Consulting - Comprehensi $20
5503 11-4 Two projects have the following expected net present values and standard deviations of net present values: $3.5
5502 PR4-5B The unadjusted trial balance of Fix-It Co. at February 28, 2010, the end of the current year, is shown below. $15
5501 P 14-1 On January 1, 2011, Instaform, Inc., issued 10% bonds with a face amount of $50 million, dated January 1. The b $6
5500 11-10 Apple Jacks, Inc., produces wine. The firm is considering expanding into the snack food business. Th is expansion $5
5499 Ryff Corporation's balance sheet at December 31, 2002, showed the following:         $6
5498 Pappa Don's makes frozen pizzas. All direct materials are introduced at the start of the process. Conversion costs are i $5
5497 BE 14-7 On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4% $4
5496 11-5 American Steel Corporation is considering two investments. One is the purchase of a new continuous caster costing $ $2
5495 MB and share price  Calculate the price of a share of the company's common stock by using this information - stockh $3
5494 Prepare journal entries for Lott Co. for - Accounts receivable assigned - (a)  Accounts receivable in the amount of $3
5493 On July 5,2006, a fire destroyed the entire inventory of Kinard Music Mart. The following information is available from $3
5492 11-4 Two projects have the following expected net present values and standard deviations of net present values $4
5491 Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and th $2.5
5490 On July 1, 2004 Jax, Inc. purchased a subsidiary at a cost of $8,200,000. The subsidiary's balance sheet reported assets $3
5489 10-11 Imperial Systems has $1 million available for capital investments during the current year. A list of possible inve $6
5488 If you buy a factory for $250,000 and the terms are 20 percent down, the balance to be paid off over 30 years at a 12 pe $3
5487 2-61 CVP in a Modern Manufacturing Environment   2-61 A division of Hewlett-Packard Company changed its producti $15
5486 BE 14-6 On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4%. $4
5485 10-7 Two mutually exclusive investment projects have the following forecasted cash flows   Year A B $5
5484 Parker Plumbing has received a special one-time order for 1,500 faucets (units) at $5 per unit. Parker currently produce $3
5483 A company is considering the purchase of new equipment for $45,000. The projected after-tax net income is $3,000 after d $3
5482 The following information relating to a company's overhead costs is available Budgeted fixed overhead rate per mach $4
5481 10-4 Jefferson Products, Inc., is considering purchasing a new automatic press brake, which costs $300,000 including ins $5
5480 BE 14-5 On January 1, a company issued 7%, 15-year bonds with a face amount of $90 million for $82,218,585 to yield 8%. $1
5479 Lifefit Products sells running shoes and shorts. The following is selected per-unit information for these two products: $8
5478 P10-2  A firm wishes to bid on a contract that is expected to yield the following aft er-tax net cash flows at the $5
5477 BE 14-4 A company issued 5%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar r $2
5476 Caladonia Products Integrative Problem YEAR PROJECT A PROJECT B 0 − $100,000 − $100,000 1 32,000 0 2 32, $4
5475 P9-10 Nguyen, Inc., is considering the purchase of a new computer system (ICX) for $130,000. Th e system will require an $4
5474 BE 14-3 - A company issued 6%, 15-year bonds with a face amount of $75 million. The market yield for bonds of similar ri $2
5473 The Morrissey Company's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. T $12.5
5472 E2-4 (Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints used in $5
5471 Soundwave Audio Company manufactures electronic stereo equipment. The manufacturing process includes printed circuit(PC) $4
5470 A company issued 5%, 20-year bonds with a face amount of $80 million.   BE 14-2 Determining the price of bonds & $2
5469 9-7 The Taylor Mountain Uranium Company currently has annual cash revenues of $1.2 million and annual cash expenses of $ $2
5468 The following information is available for Ryder Corporation for the year ended December 31, 2008:Corrected overstatemen $4
5467 Pally Division reported residual income of $34,000.  The division had $2,400,000 of invested capital and net income $3
5466 Holiday Brands issued $30 million of 6%, 30-year bonds for $27.5 million   BE 14-1 Bond interest   BE 14-1 $1
5465 Maziarz Corporation produces and sells a single product. Data concerning that product appear below:   & $5
5464 As the manager of Losen division of McCarthy Corporation, you are interested in determining the division's return on inv $3
5463 Quattro Incorporated has an investment in accounts receivable of $3,500,000. Daily credit sales are $120,000. If 20% of $3
5462 9-3 The Cooper Electronics Company has developed the following schedule of potential investment projects that may be und $3
5461 The Morrissey Company's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. T $1.5
5460 The following misstatements are sometimes found in the sales and collection cycle’s account balances:1. Several accounts $7
5459 Pally Division reported residual income of $34,000.  The division had $2,400,000 of invested capital and net income $3
5458 Mayvile Company, a sole proprietorship, reports the following information pertaining to its 2002 operating activities $6
5457 Lorch Company prepares monthly cash budgets. Relevant data from operating budgets for 2006 are:   P 9-4A Lorch Co $6
5456 The Cardinal Company produces T-shirts promoting Otterbein University to various retailers. The costs of producing and s $5
5455 Kids ’n Caboodle a children’s clothing store, had the following cash receipts and disbursements for its first year of op $5
5454 Management of Jarva Corporation has asked your help as an intern in preparing some key reports for May. The company star $5
5453 If variable costs are $20 per unit, revenues are $40 per unit, and fixed costs are $10,000, what is the break-even point $2.5
5452 E2-2 (Qualitative Characteristics) The qualitative characteristics that make accounting information useful for decision- $4
5450 ABE7-9 The following data are taken from the balance sheet of Ortiz, Inc. The data are arranged in alphabetical order (i $4.5
5449 Problem 3-27A Two Complete Accounting Cycles L.O. 3–7   P3-27A Pacific Machining experienced the following events $15
5448 E7-10 - Palpatine Inc. - The following information, presented in alphabetical order, is taken from the financial stateme $3
5447 P 9-13 You have been hired as the new controller for the Ralston Company. Shortly after joining the company in 2011 &nb $6
5446 Mayberry Co. has an EBIT of $60,000 and interest charges of $20,000. Their degree of operating leverage is 1.75. What is $3
5445 Precise Machinery is analyzing a proposed project. The company expects to sell 2,140 units, give or take 5 percent. The $2
5444 E1-3 The Long Run Golf & Country Club details the following accounts in its financial statements.  a) Classify $5
5443 P16-3 Waxman Corporation issued bonds twice during 20x2.  A summary of the transactions involving the bonds follows $5
5442 P16-7 Khan Corporation has $20,000,000 of 10.5 percent, 20 year bonds dated June 1, with interest payment dates of May 3 $6
5441 P 9-12 Rockwell Corporation uses a periodic inventory system and has used the FIFO cost method since inception of the co $5
5440 Over the years, Janjigian Corporation's stockholders have provided $15,250 of capital, part when they purchased new issu $3
5439 E14-6 The three accounts shown below appear in the general ledger of Cesar Corp. during 2008. Equipment &nbs $4
5438 If there is a 20% chance we will get a 16% return, a 30% chance of getting a 14% return, a 40% chance of getting a 12% r $5
5437 E2-2 (Qualitative Characteristics) The qualitative characteristics that make accounting information useful for decision- $4
5436 P 9-11 On January 1, 2011, Pet Friendly Stores adopted the retail inventory method.   Retail inventory method; v $9
5435 The following amounts appeared on the Charles Company’s adjusted trial balance as at October 31, 2010, the end of its fi $6
5434 Tangshan Mining Company is considering investing in a new mining project. The firm's cost of capital is 12 percent and t $6
5433 Beijing Bearings is considering purchasing a small firm in the same line of business. The purchase would be financed by $6
5432 Bamboo manufacturing sells its finished product for an average of $35 per unit with a variable cost per unit of $21. The $6
5431 A firm is evaluating two mutually exclusive projects that have unequal lives. The firm must evaluate the projects using $5
5430 Determine the IRR on the following projects a. Initial outlay of $35,000 with an after-tax cash flow at the end of $5
5429 What is the payback period for a $20,000 project that is expected to return $6,000 for the first two years and $3,000 fo $3
5428 What is the NPV of a $45,000 project that is expected to have an after-tax cash flow of $14,000 for the first two years, $4
5427 Compute the payback period for a project with the following cash    flows, if the company's discount rate $2.5
5426 Carter Paving plans to purchase a new grader. The one under consideration costs $250,000 and has a depreciable life of f $3
5425 Part A --  Why is it that for a given firm, the required rate of return on equity is always greater than the requir $6
5424 Long Beach Pharmaceutical Company has two divisions, which reported the following results for the most recent year. &nb $6
5423 P 9-10 Raleigh Department Store converted from the conventional retail method to the LIFO retail method on January 1, 20 $7
5422 You were hired as a consultant to Keys Company, and you were provided with the following data:  Target capital stru $3
5421 If the stated rate of interest is 12% and it is compounded monthly, what is the effective annual interest rate? $2
5420 Jane makes production plans for next month but she does not know what the output’s price will be next month.  She b $6
5419 ACC 363 P14-7A, P14-8A. The financial statements of Ernest Banks Company appear below. indirect method.ACC 363 P14-8A Da $6
5418 HGC Camera Store - On January 1, 2011, HGC Camera Store adopted the dollar-value LIFO retail inventory method.   $7
5417 Steiner recliner purchased a delivery truck at the beginning of 2008. The truck cost $17,500 and is expected to last 5 y $6
5416 Jane borrows Y for 5 years at a nominal rate of interest of 12% convertible semi-annually. If she pays the principal and $5
5415 26 Finance Questions -  If the one-year spot rate is 5% (R1) (APR) and Two-year spot rate is 5.5% (R2) (APR) calcul $20
5414 S. Strigel Chemical Company - ACC 363 P11-7A On July 1, 2006, S. Strigel Chemical Company issued $5,000,000 face value, $8
5413 Ryder Corporation  - The following information is available for Ryder Corporation for the year ended December 31, 2 $4
5412 AE9-6 Pacer, Inc., is preparing its direct labor budget for 2005 from the following production budget based on a calenda $5
5411 P14-5A Grania Company's income statement contained the condensed information below.   GRANIA COMPANY Income Stat $3.5
5410 Mayberry Co. has an EBIT of $60,000 and interest charges of $20,000. Their degree of operating leverage is 1.75. What is $3
5409 Lone Star Co. has $1000 par value bonds outstanding at 9% interest. The bonds will mature in 20 years. Computer the cur $4
5408 Key Co. uses a specialized electrical switch in the manufacture of one of its products. Each unit of product requires th $6
5407 P 9-7 Retail method—average cost and LCM. Smith-Kline Company maintains inventory records at selling prices as well as a $5
5406 The following assets and liabilities at the beginning and end of the current year are for James’ Stores   &nb $3
5405 If targeted sales volume in units is 62,300, total fixed costs are $31,200 and the contribution margin per unit is $1.20 $3
5404 P10-3A On January 1, 2006, Solomon Company purchased the following two machines for use in its production process. Mach $7
5403 On June 30, 2003, Wyatt Inc, sold 600,000 (face value) of bonds. The bonds are dated June 30, 2003, pay interest semiann $6
5402 Nealon Inc - Complete the Mini Case on Nealon Inc. from the end of Chapter 9 and submit to instructor. In Parts a and b, $10
5396 P 9-6 Grand Department Store, Inc., uses the retail inventory method to estimate ending inventory for its monthly financ $6
5395 The Mori Egg Noodle Company has the following equity accounts on its balance sheet: Common stock ($10 par, 300,000 share $3
5394 The Sosa Company produces baseball gloves. The company's income statement Sosa Company Income Statement For the Year $4
5393 The balance sheet that follows indicates the capital structure for Nealon. Inc.   Comprehensive problem Nealon. I $10
5392 On April 15, 2011, fire damaged the office and warehouse of Stanislaw Corporation.   P 9-5 (gross profit method) $6
5391 During the latest year Ruth Corp. had sales of $300,000 and a net income of $20,000, and its year-end assets were $200,0 $4
5390 P24-2A (a-d) - Fultz Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the $7
5389 Maxwell Electronics had net income of $15 million last year, and had 3 million common shares outstanding. They declared $3
5388 Alquist Company uses the retail method to estimate its ending inventory. Selected information about its year 2011 operat $6
5387 Logsdon Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fi $2
5386 Hayslett Corporation was organized on January 1, 2006. It is authorized to   ACC 363 P 12-1A Hayslett Corporation $8
5385 During 2005, Kerry Company reported net income of $145,000, including a gain on the sale of equipment of $5,000. The equ $2
5384 A12 Required return for a preferred stock - James River $3.38 preferred is selling for $45.25. The preferred dividend is $3
5383 If Mr. Hobbit deposits $2,000 at the end of each year for the next 10 years at an interest rate of 12% per year, how muc $5
5382 P 9-4 Retail inventory method; various cost methods. Sparrow Company uses the retail inventory method to estimate ending $7
5381 You have been asked by the president of your company to evaluate the proposed acquisition of a new spectrometer for the $6
5380 Wuttke corp. has no debt but can borrow at 7%. The firm’s wacc is currently 10% and there is no corporate tax.   $4
5379 The Mennen Corporation is interested in examining its cash conversion cycle. Suppose a Mennen manager has assembled the $6
5378 Solar light Inc is considering a project with the following cash flows YEAR Cash Flow 1 $800 2 $700 3 $600 4 $500 Calcul $3
5377 Rushenberg Corporation's operating leverage is 10.8. If the company's sales increase by 14%, its net operating income sh $1.5
5376 Rushenberg Corporation's operating leverage is 10.8. If the company's sales increase by 14%, its net operating income sh $1.5
5375 P14-12 Notes receivable On January 1, 2010, the Somerville Corporation sold a used truck to the Cornelius Company and ac $6
5374 E7-7 Maxwell Company manufactures and sells a single product. The following costs were incurred during company's first y $6
5373 Logan Distributing Company of Atlanta sells fans and heaters to retail outlets through out the Southeast. Joe Logan, the $7
5372 You were hired as a consultant to Locke Company, and you were provided with the following data: Target capital structure $3
5371 Keomuangtai Corporation produces and sells a single product. The company has provided its contribution format income sta $5
5370 The sales projections for James Henry’s Audit Emporium are as follows for the last three months of 2009: October 100,000 $2
5369 If Mark sells clock radios for $49.50 and his markup is 83%, what is his cost? $2
5368 P 12-1A Hayslett Corporation was organized on January 1, 2006. It is authorized to   ACC 363 P 12-1A Hayslett Cor $6
5367 The management of Woznick Corporation has been concerned for some time with the financial performance of its product V86 $5
5366 Ngata Corp. issued 15-year bonds 2 years ago at a coupon rate of 9.8 percent. The bonds make semiannual payments. If the $4
5365 The Maxwell Company manufactures and sells a single product. Budgeted data follow: (CPA, adapted) Forecasted annual sa $5
5364 Smithtone Company uses 8,000 units of a certain part in production each year. Presently, this part is purchased from an $5
5363 Rudolf Corp.’s stock price is $20 per share, and its expected year-end dividend is $2 a share (D1 = $2.00).  The st $5
5362 P14-9 On January 1, 2010, the London Corporation issued $500,000 of 11.5%   P14-9 Bonds with Detachable Warrants $5
5361 FINANCE QUESTIONS - 1. Maximization of shareholder wealth is a concept in which a. Virtually all earnings are paid as di $15
5360 Livermore Laboratories - Investments in bonds; accrued interest; sale   The following transactions relate to bond $7
5359 KentuckyMotors has manufactured compressor parts at its plant in Pitcairn, Indiana , for the past 18 years . An outside $5
5358 James Equipment Company sells computers for $1,500 each and also gives each customer a 2 year warranty that requires the $5
5357 If I was to retire at age 65 and I am 43 now, what would my retirement plan look like. I would like to have 350,000 $3
5356 Branson Electronics Company is a small, publicly traded company preparing its first quarter interim   P 5-15 Inte $3
5355 Smith Technologies is expected to generate $140 million in free cash flow next year, and FCF is expected to grow at a co $3
5354 Problem 13-7 Heartland Inc. is a medium-size company that has been in business for 20 years.   Problem 13-7 Comp $8
5353 Rose Hill Trading Company just reported EPS of $8.00. The expected ROE is 18.0%. An appropriate required return on the s $5
5352 Presented below is information related to Smith Company     Retaining earning, December 31, 2005 &nbs $4
5351 Rose Company had no short-term investments prior to year 2008.  It had the following transactions involving short-t $8
5350 P 5-14 Presented below are condensed financial statements adapted from those of two actual companies   P 5-14Comp $7
5349 In early 2012, Sosa Enterprises purchased a new machine for $10,000 to make cork stoppers for wine bottles. The machine $3
5348 Assume that you wish to purchase a 20-year bond that has a maturity value of $1,000 and makes semiannual interest paymen $2.5
5347 4.5 the following comparative balance sheets and income statement are available for Little Bit inc. Prepare a statement $5
5346 Installment sales method and cost recovery Kenny Corp; a capital goods manufacturing business that started on January&nb $2.5
5345 Superior Markets, Inc., operates three stores in a large metropolitan area. A segmented income statement for the company $6
5344  P12-3A The stockholders' equity accounts of Jajoo Corporation on January 1, 2006, were as follows.   P12-3A $7
5343 If fixed costs are $500,000 and the unit contribution margin is $40, what is the break-even point if fixed costs are: a $4
5342 E12-2 Garza Co. had the following transactions during the current period.ACC 363 E12-2 Garza CoAxia College of Universit $4
5341 Cadux Candy Company's income statement for the year ended December 31, 2011, reported interest   P 5-13 Creating $7
5340 Watson Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For $3
5339 Smith Co. produces 15,000 pounds of Product A and 30,000 pounds of Product B each week by incurring a joint cost of $400 $5
5338 P14-3 Premium Amortization Schedule with Retirement Before Maturity The Dorset   P14-3 Premium Amortization Sched $7
5337 E9-6 The production department of Rordan Corporation has submitted the following forecast of units to be produced by qua $5
5336 P 5-12 Johnson and Johnson (J&J) - Presented below are condensed financial statements adapted from those of t $8
5335 Max Industrial is evaluating three of its divisions – retail pet foods (foods), commercial feed (feed) and food containe $8
5334 Describe three features of a good balance scoreboard. Instructor’s Question – Good answers, specifically, how does a go $5
5333 1. The Matador Company manufactures two products, Product X and Product Y.  These require machining and assembly wo $10
5332 How is activity based costing useful for pricing decisions? $3
5331 The following cash-basis income statement has been prepared for the first year of business.   Smart Mail, Inc. $3
5330 Rolling Railroads common stock is currently priced at $40, and its 8 percent convertible debentures (issued at par, or $ $4
5329 Financial statements for Askew Industries for 2011 are shown below   P 5-11 Askew Industries    P 5-1 $4
5328 FIN BUS401 P13-2 (Flotation cost and issue size) Your firm needs to raise $10million. Assuming that flotation costs are $3
5327 Listed below are nine technical accounting terms introduced or emphasized in this week’s reading assignment:Product cost $4
5326 Bread, Inc., has an odd dividend policy. The company has just paid a dividend of $8 per share and has announced that it $5
5325 List and describe the four financial statements most frequently provided to external users. $3
5324 The most recent monthly income statement for Kennaman Stores is given below:     Total $5
5323 Olive Branch Restaurant Corporation sells franchises throughout the western states. On January 30, 2011,   P 5-10 $7
5322 The following data is available for Jacobs Company: Direct materials $5; Direct labor $7; Variable overhead $4; Fixed ov $3
5321 Suppose you have the choice of investing in (1) a municipal bond that costs $1,000 today, pays $67 in interest semiannua $5
5320 If fixed costs are $250,000 the unit selling price is $105, and the unit variable costs are $65, what is the break-even $2.5
5319 ACC 363 E10-6 Presented below are selected transactions at Thomas Company for 2006.   E10-6 Thomas Company Axia $6
5318 Citation Builders, Inc., builds office buildings and single-family homes. The office buildings are   P 5-9Long-te $8
5317 The management of Woznick Corporation has been concerned for some time with the financial performance of its product V86 $5
5316 Kent Company had 800 units of product in its work in process inventory at the beginning of the period. During the period $3
5315 Curtiss Construction Company, Inc., entered into a fixed-price contract with Axelrod Associates on July   P 5-8 C $6
5314 6-45 The Marriott Corporation operates many hotels throughout the world. Suppose one of its Chicago hotels is facing dif $3
5313 The following cash-basis income statement has been prepared for the first year of business.   Smart Mail, Inc. $3
5312 Rolle Corp has $500,000 of assets, and it uses no debt-- it is financed only with common equity. The new CFO wants to em $3
5311 P12-B2 Antonio Cleaning, Inc. What is the total costs the Commercial department using the direct method? In answering th $7
5310 The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2010 and 2009, is shown as follows:.   $6
5309 P5-5 P5-6 In 2011, the Westgate Construction Company entered into a contract to construct a road for Santa Clara   $12
5308 Adjusted trial balance for Lisa's Services.  You are to prepare, in proper format, each of the closing entries.&nbs $6
5307 P2-2A Ken Gilmour opened a translation business on January 2, 2005. During the first month of operation, the business co $10
5306 P 5-6  This is a variation of Problem 5-5 modified to focus on the completed contract method.   P 5-6 Comple $7
5305 Jacobs Company estimates the following pre-tax cash flows for a project costing $156,000 in which it is considering inve $3
5304 If demand is 10,000 units, cost of carry is $2 per unit, and cost of placing an order is $100, what is the EOQ? $3.5
5303 E2-7 Accounting Principles—Comprehensive Presented below are a Intermediate Accounting: Weygandt, Kieso, Kimmel   $8
5300 ROI analysis using DuPont model RETURN ON INVESTMENT = Net income / Sales X Sales / Average total assets ROI analysis $6
5299 In 2011, the Marion Company purchased land containing a mineral mine for $1,600,000. Additional costs of $600,000 were i $8
5298 P 5-5 In 2011, the Westgate Construction Company entered into a contract to construct a road for Santa Clara   P $9
5297 P12-4A  Galactica Corporation - Prepare dividend entries and stockholders' equity section.   P12-4A  Ga $7
5296 Maui Blends, Inc. produces and sells organically grown coffee. On July 1, 2010, Maui Blends, Inc. issued $3,000,000 of 1 $6
5295 P 5-3 On August 31, 2011, the Silva Company sold merchandise to the Bendix Corporation for $500,000.   p. 285 P 5 $7
5294 Link, Corp., has contacted Aspen with an offer to sell 10,000 of the chips for $22.00 per chip.  If Aspen accepts t $2
5293 Kelp Company produces three joint products from seaweed. At the split-off point, three basic products emerge: Sea Tea, S $6
5292 The following data is available for Jacobs Company: Direct materials $5; Direct labor $7; Variable overhead $4; Fixed ov $2
5291 If an enterprise had sales of $4,000,000, fixed costs of $1,200.000 and a contribution margin ratio of 40%, what wa $4
5290 ACC 349 E2-4 (Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints $5
5289 P 5-2 Ajax Company appropriately accounts for certain sales using the installment sales method. The perpetual   P $7
5288 Information about Indiana Industrial’s utility cost for the last six months of 2010 follows. The high-low method will be $5
5287 The market price is $900 for a 10-year bond ($1,000 par value) that pays 8 percent interest (4 percent semiannually). Wh $3
5286 Small Corporation is considering an investment that will require an initial cash outlay of $200,000 to purchase non-depr $4
5285 Reagan Corporation computed income from continuing operations before income taxes of $4,200,000 for   P 5-1 Incom $5
5284 The financial statements of Lioi Steel Fabricators are shown below – both the actual results for 2010 and the projection $8
5283 Rogers Manufacturing Corporation uses a job order costing system with normal costing, applying overhead to production at $7
5282 In 2011, the Marion Company purchased land containing a mineral mine for $1,600,000. Additional costs of $600,000 were i $8
5281 On December 31, 2006, Matt Morgan completed the first year of operations for his new computer retail store. The followin $6
5280 Lily Company had the following assets and liabilities on the dates indicated. December 31 Total Assets $4
5279 A condensed balance sheet for Kellwood Company and a partially completed vertical analysis is presented below.   $3.5
5278 P 4-11 Presented below are the 2011 income statement and comparative balance sheets for Santana Industries.   p. $5
5277 You own 200 shares of Jackson, Inc.’ preferred stock, which currently sells for $40 per share and pays annual dividends $1.5
5276 Suppose you have the choice of investing in (1) a municipal bond that costs $1,000 today, pays $67 in interest semiannua $6
5275 If a firm's beginning inventory is $70,000, goods purchased during the period cost $260,000, and the cost of goods sold $2.5
5274 ACC 300 mcqs - 1. A Journal does all of the following except a. Summarizes all of the transactions that effect one accou $7
5273 Would each of the following increase, decrease, or have an in determinant effect on a firm’s breakeven point (unit sales $3
5272 P 4-10 The chief accountant for Grandview Corporation provides you with the company's 2011 statement of cash   p. $7
5271 The Majors Compay has gathered the following information for the year ended December 31,19X1.   Sales & $6
5270 Mallard Inc. manufactures cycling equipment. Recently the vice president of operations of the company has requested cons $3
5269 Record the following transactions in Sloan’s Seats’ general journal.   a. Incurred and paid web site expenses $35 $7
5268 P 4-9 The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for th $5
5267 SK Inc. manufactures motors and generators. All sales revenues are from long-term construction contracts. Below are the $4
5266 Rodney Rodgers plans to open a wholesale dairy products firm which will be completely financed with equity. He expects f $3
5265 Clark Paints - The production department has been investigating possible ways to trim total production costs. One possib $9
5264 Rockmont Recreation Inc. is considering a project that has the following cash flow data. What is the project's IRR? &n $2
5263 P11-3A Kohler Clothiers manufactures women’s business suits. The company uses a standard cost accounting system. In Ma $8
5262 P 4-8 Duke Company's records show the following account balances at December 31, 2011   P 4-8 Multiple-step state $5
5261 Grand Adventure Properties offers a 8 percent coupon bond with annual payments. The yield to maturity is 6.85 percent an $3
5260 Mathews financial Services - Use the following unadjusted trail balance to prepare adjusting entries, given the additi $4
5259 Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws.   Inventory control Mode $5
5258 P 4-7 The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing   P 4 $6
5257 BUS 5200 - Week 3, please complete the following for Joe’s Fly-By-Night Oil Company, whose latest income statement and b $10
5256 P 4-6 Rembrandt Paint Company had the following income statement items for the year ended December 31, 2011 ($ in 000s): $5
5255 If 10-year T-bonds have a yield of 6.2%, 10-year corporate bonds yield 8.5%, the maturity risk premium on all 10-year bo $5
5254 P15-1 Comparative statement data for Douglas Company and Maulder Company, two competitors, appear below.   All b $6
5253 P 4-4 The preliminary 2011 income statement of Alexian Systems, Inc., is presented below   P 4-4  Income sta $5
5252 Lightning, Inc., retired $178,000 face value, 12.5% bonds on June 30, 2007, at 98. The carrying value of the bonds at th $3
5251 3-39 Kellogg Company's major productl line is ready-to-eat breakfast cereals.  Examine the following condensed bala $8
5250 Match each ratio or percentage with its formula by entering the appropriate letter for each numbered item. 1. Net profi $3
5249 Life Company has had the following experience over the past five quarters: Units produced     &nbs $5
5248 P 4-3 For the year ending December 31, 2011, Micron Corporation had income from continuing operations   p. 221 P $4
5247 E10-2 Jack’s Custom manufacturing Company is considering three new projects, each requiring an equipment investment of $ $8
5246 Classifying cash flows - Identify the type of cash flow activity for each of the following events (operating investing, $3
5245 ACC 280 P5-7A At the beginning of the current season, the ledger of Village Tennis Shop Principles of Accounting: Weyg $8
5244 P 4-2 The following condensed income statements of the Jackson Holding Company are presented for the two   P 4-2 $6
5243 World of Cakes Ltd, a cake retailer, is considering leasing a machine from a leasing company to make cakes that have pho $9
5242 On November 1, 2007, The Majors Company entered into a consulting contract with a customer. The company collected paymen $3
5241 A 5-year Treasury bond has a 5.2% yield. A 10-year Treasury bond yields 6.4%, and a 10-year corporate bond yields 8.4%. $6
5240 SK Inc. manufactures motors and generators. All sales revenues are from long-term construction contracts. Below are the $5
5239 P 4-1 Selected information about income statement accounts for the Reed Company are presented below (the   p. 220 $7
5238 Rochester Instruments, Inc., operates in the highly competitive electronics industry.    P2-6 Profit Maximiz $5
5237 What is the year 10 termination cash flow from the expected future sale of the Dodger properties? $2
5236 Mane Company - Prepare current liability entries, adjusting entries, and current liabilities section. P11-1A On Januar $6
5235 Receivables - bad debts - At January 1 2007 the credit balance in the Allowance for Doubtful accounts of the master $2
5234 LEVEL A BASIC A1-A17 - A1. (Bond valuation) A $1,000 face value bond has a remaining maturity of 10 years   A1. $15
5233 Roehler Industrial has - Direct Materials Purchases Budget [LO 2]   Roehler Industrial has estimated that product $5
5232 Keenan Industries has a bond outstanding with 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par $3
5231 Jack Sawyer is presently leasing a copier from John Office Equipment Company. The lease requires 11 annual payments of $ $3
5230 Iden Company makes two products from a common input. Joint processing costs up to the split-off point total $64,800 a ye $5
5229 P4-1A Thomas Magnum began operations as a private investigator on January 1, 2010. The trial balance columns of the work $10
5228 The bookkeeper for Wooster Company asks you to prepare the following accrued adjusting entries at December 31. &nbs $6
5227 P4-3A The completed financial statement columns of the worksheet for Woods Company, Inc.   ACC 280 P4-3A Woods Co $9
5226 The Mahoney Company has two producing departments: assembly and finishing.   Using Department-wide Rates - The Ma $6
5225 Six years ago the Micron Company issued 20-year bonds with a 14 percent annual coupon rate at their $1000 par value.&nbs $2.5
5224 P10-1 Robin Bradley received a payback from her employer in the amount of $776.35. the pay check     $2
5223 P10-12 Spencer Supplies stock is currently selling for $60 a share. The firm is expected to earn $5.40 per share this ye $4
5204 P 2-12 Zambrano Wholesale Corporation maintains its records on a cash basis. At the end of each year the company's acc $7
5203 P4-2 Write journal entries for the following transactions that occurred at Woodside Company during May and explain how e $6
5202 The ledger of Hixson Company at the end of the current year shows accounts receivable 120,000, sales 840,000 and sales r $5
5201 Data concerning Sinisi Corporation's single product appear below: Selling price per unit...................... $200.00 $4
5200 P10–4 Murdock Paints is in the process of evaluating two mutually exclusive additions to its Basic Sensitivity Analysis $4
5199 Roberson Company makes two types of backpacks. Data for the company’s activity during a typical month are presented belo $6
5198 P 2-11 Selected balance sheet information for the Wolf Company at November 30, and December 31, 2011, is presented below $7
5197 Oxford Engineering manufactures small engines. The engines are sold to manufacturers who install them in such products a $4
5196 Mason Co. uses a job order cost accounting system. At year-end the Work-in-Process Inventory controlling account showed $4
5195 P 5-9 Citation Builders, Inc., builds office buildings and single-family homes. The office buildings are   P 5-9L $10
5194 Lenberg Lens Company believes in the “dividends as a residual” philosophy of dividend policy. This year’s earnings are e $3
5193 P 2-10 McGuire Corporation began operations in 2011. The company purchases computer equipment from manufacturers and the $9
5192 The post-closing trial balance of the Kazak Import Company at March 31 is as follows.   Debit Cre dit Cash$321,0 $6
5191 JACK BEGGS PLANS TO INVEST $30,000 AT 10% COMPOUNDED SEMIANNUALLY FOR 5 YEARS. WHAT IS THE FUTURE VALUE OF THE INVESTMEN $2
5190 P 2-9 The unadjusted trial balance as of December 31, 2011, for the Bagley Consulting Company appears below. December 31 $10
5189 ID 5 different cost components of the I phone. How will your cost components effect the Income Statement and Balance She $3
5188 ACC 280 P4-1A Thomas Magnum began operations as a private investigator on January 1, 2010. The trial balance columns of $10
5187 P 2-8 Adjusting entries - Excalibur Corporation manufactures and sells video games for personal computers   P 2-8 $4
5186 The following transactions were incurred by Wood Inc. Transactions and General Journal Entries      $6
5185 The ledger of Garcia Company at the end of the current year shows Accounts Receivable $96,000; Credit Sales $780,000; an $3
5184 Six years ago, the Singleton Company issued 20-year bonds with a 14 percent annual coupon rate at their $1,000 par value $5
5183 P 2-7 The information necessary for preparing the 2011 year-end adjusting entries for Vito's Pizza Parlor appears belo $6
5182 20-4 Road Master Shocks has 20,000 of a defective product on had that cost $123,500 to manufacture. The company can eith $5
5181 P 2-5 Adjusting entries   P 2-5 Howarth Company's fiscal year-end is December 31. Below are the unadjusted and ad $3
5180 10 Finance questions   1.   Since financial information is communicated in accounting terms, accounting $7
5179 P10-3A On January 1, 208, Pele Company purchased the following two machines for use in its production process.   $7
5178 Oxford Engineering manufactures small engines. The engines are sold to manufacturers who install them in such products a $4
5177 E3-9 Explain the production cost report. - Mary Mahr has recently been promoted to production manager   E3-9 Mary $4
5176 P 2-4 Accounting cycle; adjusting entries through post-closing trial balance   Refer to Problem 2–3 and complete $9
5175 Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market i $3
5174 E 5-12 On February 1, 2011, Arrow Construction Company entered into a three-year construction contract to   p. 27 $6
5173 E14-1 - Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that $5
5172 ACC 280 E15-11 Scully Corporation’s comparative balance sheets are presented below. Principles of Accounting: Weygandt, $5
5171 2-5B Measuring cash flows - Calculate the free cash flows for the J.B. Chavez Corporation for the year ended Decemb $6
5170 Wolverine Corporation plans to pay a $3 dividend per share on each of its 300,000 shares next year. Wolverine anticipate $3
5169 P 10-3 Acquisition costs. The plant asset and accumulated depreciation accounts of Pell Corporation had the following ba $7
5168 The ledger of Elburn Company at the end of the current year shows Accounts Receivable $110,000, Sales $840,000, and Sa $7
5167 Sims Inc. earned $1.50 per share in 2000.  Six years later, in 2006, it earned $4.25.  What was the growth rat $7
5166 P7-10 Connecticut Inc. had the following long-term receivable account balances at December 31, 2006.   P7-10 Conn $7
5165 Owego Storage and Housing, Inc., is considering building a new warehouse in Endicott, New York. Owego Storage has 2 mill $3
5164 Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight yea $3
5163 P2-3 Pastina Company manufactures and sells various types of pasta to grocery chains as private label brands. The compan $5
5162 E18-7 Leftwich Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are exp $6
5161 7.15 Calculating the variance and standard deviation   7.15 Kate recently invested in real estate with the inten $5
5160 ACC 280 Exercise 15-9 The income statement for Christensen, Inc., appears below Principles of Accounting: Weygandt, J. $4
5159 P 7-11 Discounting a note receivable. Descriptors are provided below for six situations involving notes receivable being $8
5158 I have the option of receiving $30,000 each year for the next 10 years, OR I can opt to take a lump sum payment of $200, $3
5157 2-5B (Measuring cash flows) Calculate the free cash flows for the J.B. Chavez Corporation for the year ended December 31 $6
5156 Exercise 9-2 Manufacturing Overhead Budget   E9-2 The direct labor budget of Yuvwell Corporation for the upcoming $5
5155 Wolf Co. manufactures three sizes of dog carriers: small, medium, and large. Potential sales include 100 units of small, $5
5154 P 2-2 Accounting cycle through unadjusted trial balance   P 2-2 The following is the post-closing trial balance f $8
5153 Simpkins Corporation is expanding rapidly, and it currently needs to retain all of its earnings; hence it does not pay a $6
5152 P7-4A Select accounts from the chart of accounts of Boyden Company are shown below Accounting Principles: Weygandt, Kies $8
5151 P 20-17 Integrating problem; error; depreciation; deferred taxes   George Young Industries (GYI) acquired indust $6
5150 Overhead Doors, Inc - Computing labor variances   Overhead Doors, Inc., manufactures garage doors for homes. The $6
5149 NuWay, Inc., manufactures - High-Low Method; Cost of Goods Manufactured   NuWay, Inc., manufactures a single prod $8
5148 E4-14 The adjusted trial balance for Karr Bowling Alley at December 31, 2008, contains the following accounts.   $8
5147 P 4-6 Rembrandt Paint Company had the following income statement items for the year ended December 31, 2011 ($ in 000s): $5
5146 Mary Coleman opened Mary’s Maids Cleaning Service Inc. on July 1, 2006. During July, the following transactions were com $12
5145 P 20-16 Integrating problem; errors; deferred taxes; contingency; change in tax rates   P 20-16 You are internal $7
5144 Week 5 - Alternative Financing Plans Chapter 6 Lear Inc. Current Assets $785,000 Permanent Current Assets $350,000 Fix $7
5143 Data concerning Kardas Corporation's single product appear below: Per Unit Selling price....................... &nbs $3
5142 ACC 280 E15-7 Bennis Company has the following comparative balance sheet data.   Principles of Accounting: Weyga $3
5141 BYP9-6. Robert Buey became Chief Executive Officer of Phelps Manufacturing two years ago. At the time, the company was r $3
5140 Lear, Inc., has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the $8
5139 The following data pertains to the household of Mary and John at the end of the year Assets Liabilities House $250,0 $5
5138 9-5A Lewis Manufacturing Company has four operating divisions. During the first quarter of 2005, the company reported ag $9
5137 P11-5A Prepare installment payments schedule and journal entries for a mortgage note payable. (SO 7)   Otto Ele $6
5136 Bond valuation - Nungesser Corporation’s outstanding bonds have a $1,000 par value, a 9 percent semiannual coupon, 8 yea $3
5135 20-4 Road Master Shocks has 20,000 of a defective product on had that cost $123,500 to manufacture. The company can eith $4
5134 At January 1, 1993, the credit balance in the Allowance for Doubtful Accounts of Kap Shin Co. was $400,000.  For 19 $3
5133 P 20-16 Integrating problem; errors; deferred taxes; contingency; change in tax rates   P 20-16 You are internal $8
5132 Wishnell Toys can make 1,000 toy robots with the following costs: Direct Materials $70,000 Direct Labor 26,000 Variable $2
5131 The ledger of AISExperts Inc. showed the following balances after adjustment, but before closing, on December 31, 2007, $10
5130 On January 1, 2007, Simon, Inc., issued $500,000 of 9%, 10-year bonds at 101. Interest is payable every June 30 and Dece $2
5129 CC 280 Exercise 15-3 The comparative condensed balance sheet of Conard Corporation are   ACC 280 E15-3 Conard Co $6
5128 Layt Clock Company has developed the following flexible budget for its overhead costs. Manufacturing overhead at Layt is $5
5127 E 7-13 Noninterest-bearing note receivable. On June 30, 2011, the Esquire Company sold some merchandise to a customer fo $5
5126 Mary and Joe would like to save up $10,000 by the end of three years from now to buy new furniture for their home. They $4
5125 P16-7 Khan Corporation has $20,000,000 of 10.5 percent, 20 year bonds dated June 1, with interest payment dates of May 3 $7
5124 Ostler Company's net operating income last year was $10,000 and its contribution margin was $50,000. Using the operating $2
5123 Ottawa Company manufactures window glass in two sequential departments.  The following cost data pertain to October $3
5122 E8-3 Raney Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing $5
5121 18-5 Payback, Net Present Value, and Internal Rate of Return Methods   18-5 Nucore Company is thinking of purchas $6
5120 13-48 - Overhead Variances -  Rivera Company   Study Appendix 13. Consider the following data for the Rivera $6
5119 Compute the specified ratio using Kale Company’s balance sheet at December 31, 2004.   Assets Cash  &n $7
5118 E 7-13 Noninterest-bearing note receivable. On June 30, 2011, the Esquire Company sold some merchandise to a customer fo $5
5117 The last dividend paid by a company was $2.20. Klein's growth rate is expected to be 10 percent for one year, after whic $3
5116 E8-3 Raney Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing $3
5115 Simon Software Co. is trying to estimate its optimal capital structure. Right now, Simon has a capital structure that co $5
5114 ACC 280 E15-2 Operating data for Gallup Corporation are presented below.   ACC 280 E15-2 Gallup Corporation &nbs $4
5113 Layne Cedar manufactures cedar chests.  The estimated number of chests for the first three      $2
5112 Quiz Chapter 16 On January 1, 2007, Yarrow Corporation had 1,000,000 shares of common stock outstanding. On March 1, th $5
5111 P 7-8 Factoring of accounts receivable; without recourse. Samson Wholesale Beverage Company regularly factors its accoun $1
5110 Maruska Corporation has provided the following data concerning its only product:   Selling price......... $5
5109 Problem 6-2A Determine cost of goods sold and ending inventory using FIFO, LIFO, and average cost with analysis.   $8
5108 The following data is available for Osman Corp. for the current year:   Beginning inventory of goods in process & $3
5107 P 11-7 In 2011, the Marion Company purchased land containing a mineral mine for $1,600,000. Additional costs of $600,000 $7
5106 3. Calculating NPV and IRR - To find out the indifference point at which the project is accepted or rejected, calculate $5
5105 Exercise 15-6 Ripple Company bottles and distributes Ripple Fizz, a flavored wine beverage. The beverage is sold for $1 $6
5104 Market book Ratio - Winston Washers’ stock price is $75 per share. Winston has $10 billion in total assets. Its bal $3
5103 E 4-22 Presented below is the 2011 income statement and comparative balance sheet information for Tiger Enterprises. &n $5
5102 The Kennedy Company sold land for $60,000 in cash.  The land was originally purchased for $40,000, and at the time $2
5101 E 2-6 From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.   $6
5100 E15-1 Financial information for Blevins Inc. is presented below   ACC 280 E15-1Blevins Inc. Principles of Accou $5
5099 On March 1, 2007, you decide to start a lawn service business. You invest $10,000 of your savings and borrow $6000 at 7% $3
5098 P 10-9, P 10-10  Interest capitalization; specific interest methodLO7. On January 1, 2011, the Mason Manufactu $12
5097 Quikcook Microwave Company currently manufactures the doors that it uses for its microwave ovens. The annual costs to ma $3
5096 Martin, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calc $3
5095 FIN 419 P5–3 Risk preferences Sharon Smith, the financial manager for Barnett Corporation, wishes to   Principles $3
5094 P 9-10 Retail inventory method; various applications. Raleigh Department Store converted from the conventional retail me $8
5093 O'Shea Enterprises started the 2002 accounting period with $30,000 of assets (all cash), $18,000 of liabilities, and $4, $7
5092 NPV and Discount Rates -   An investment has an installed cost of $724,860.  The cash flows over the four-ye $6
5091 Riordan Corporation is interested in purchasing a state-of-the-art widget machine for its manufacturing plant. The new m $6
5090 P 4-6 Rembrandt Paint Company had the following income statement items for the year ended December 31, 2011 ($ in 000s): $5
5089 The following are selected transactions of Winsky Company.   Winsky prepares financial statements quarterly. Jan $7
5088 The Kellogg Company manufacturers cold cereal products, such as Frosted Flakes and Special K. Assume that the Inventory $6
5087 3-36. CVP Analysis and Price Changes - Argentina Partners is concerned about the possible effects of inflation on its op $7
5086 Exercise 2-6   From the following data, prepare a classified balance sheet for Simon Company at December 31, 2 $6
5085 ACC 280 E15-1 Financial information for Blevins Inc. is presented below   ACC 280 E15-1Blevins Inc. Principles $6
5084 P 4-1 Selected information about income statement accounts for the Reed Company are presented below (the   p. 220 $7
5083 13-49 Variances Study Appendix 13. Consider the following data regarding factory overheadIntroduction to Management Acco $6
5082 Laurel's Lawn Care, Ltd., has a new mower line that can generate revenues of $120,000 per year. Operating Cash Flows. $3
5081 ACC 561 Question 13-49 Variances Study Appendix 13. Consider the following data regarding factory overheadIntroduction t $6
5080 Martin Corporation is financed with 40% debt and 60% common equity. The after tax cost of debt is 10% and the cost of co $3
5079 P5–2 Return calculations  For each of the investments shown in the following table, calculate the rate of return ea $3
5078 E 9-21 Dollar-value LIFO retail - Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO   E 9-21 D $6
5077 Orville Knitters manufactures sweaters and uses an operation-costing system.  All sweaters are processed through De $5
5076 Novi Company was formed on December 1, 2006. The following information is available form Novi’s inventories record for p $6
5075 E 4-16 The following summary transactions occurred during 2011 for Bluebonnet Bakers:   p. 215 E 4-16 Statement o $5
5074 E 4-16 The following summary transactions occurred during 2011 for Bluebonnet Bakers   p. 215 E 4-16 Statement of $5
5073 Novelty Gifts, Inc. is experiencing some inventory control problems.  The manager, Wanda LaRue, currently orders 5, $6
5072 RIO GRANDE MEDICAL CENTER   Cost Allocation Concepts   CASE 3 QUESTIONS     RIO GRANDE MEDICAL $12
5071 Windom Co. as lessee records a capital lease of machinery on January 1,2008. The seven annual lease payments of $350,000 $3
5070 The Jung Corporation’s production budget calls for the following number of Units to be produced each quarter for the nex $2
5069 P 7-11 Discounting a note receivable. Descriptors are provided below for six situations involving notes receivable being $8
5068 The net income of Simon and Hobbs, a department store, decreased sharply during 2000. Carol Simon, owner of the store, a $4
5067 E10-2 Trudy Company incurred the following costs Principles of Accounting: Weygandt, J. J., Kimmel, P. D., & Kieso, $3
5066 ACC 280 E10-2 Trudy Company incurred the following costs.   E10-2 Trudy Company incurred the following costs Pri $3
5065 Lassen Corporation issued ten-year term bonds on January 1, 20x7, with a face value of $800,000. The face interest rate $3
5064 2-33 - FV for uneven cash flow - You want to buy a house within 3 years, and you are currently saving for the down $3
5063 P 4-7 The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing   P 4 $7
5062 Bonds having a face value of $5,000,000 are being offered for sale by Markham, Inc. The market rate of interest for bond $3
5061 P5–1 Rate of return Douglas Keel, a financial analyst for Orange Industries, wishes to estimate P5–1 Douglas Keel, a fi $3
5060 Manufacturing Cost Flows - After a dispute concerning wages, Orville Arson tossed an incendiary device into the Sparkle $8
5059 P 7-11 Discounting a note receivable. Descriptors are provided below for six situations involving notes receivable being $9
5058 Payback - Northern Specialties just purchased inventory-management computer software at a cost of $1,705,329. Cost savin $4
5057 P 7-12. Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2011, year-end balance she $9
5056 Rice Corporation currently operates two divisions which had operating results last year as follows:    & $3
5055 Winder Corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capa $3
5054 P 7-14 Bank reconciliation and adjusting entries. El Gato Painting Company maintains a checking account at American Bank $8
5053 The June Company budgeted the following data for the first financial quarter of 20X9.July  August  SeptemberCr $6
5052 Simmons Maintenance - Company Ratio computation   Computing ratios using just the attached balance sheet and inco $7
5051 E 9-9 Gross profit method On November 21, 2011, a fire at Hodge Company's warehouse caused   Chapter 9 Inventorie $3
5050 The following are Silver Company's unit costs of making and selling an item at a volume of 8,000 units per month (which $3
5049 ACC 280 Exercise 8-5 Listed below are five procedures followed by The Beat Company. ACC 280 E8-5 The Beat Company &nbs $2
5048 E 9-1 Lower of cost or market Herman Company has three products in its ending inventory. Specific per   E 9-1 Lo $3
5047 LARRY’S LAWN CARE Chart of Accounts   ASSETS 100      Cash 110    &nbs $15
5046 E 9-9 Gross profit method On November 21, 2011, a fire at Hodge Company's warehouse caused   Chapter 9 Inventorie $3
5045 QS13-12 Fiona Company expects to pay a $2.10 per share cash dividend this year on its common stock.   QS 13-2 Cha $3
5044 P1-3A On June 1 Eckersley Service Co. was started with an initial in ANSWER KEY   P1-3A On June 1 Eckersley Servi $7
5043 Show, using an example, that the present value of an annuity is the difference between the present value of two perpetui $6
5042 CASE 11-30 Selling Expense Flexible Budget[LO2] - Mark Fletcher president of SoftGro Inc., was looking forward   $10
5041 E 9-19 Dollar-value LIFO retail. On January 1, 2011, the Brunswick Hat Company adopted the dollar-value LIFO retail meth $6
5040 ACC 440 WK 4 P4-18 – Incomplete Data with Purchase Differential   P4-18 Incomplete Data with Purchase Differentia $7
5039 P 9-15 Integrating problem; Chapters 8 and 9; inventory errors. The internal audit department discovered the following i $6
5038 P4-18 Kasper Corporation acquired controlling interest over Timmin Company on January 1, 20X7, and a consolidated balanc $7
5037 On July, 2006, Orlow Co. pays $ 12000 to Pizner Insurance Co. for a 3-year insurance contract.  Both companies have $2
5036 Equity Return and Leverage - The common stock and debt of Northern Sludge are valued at $70 million and $30 million $1.5
5035 Balance sheet Effects -  Reynolds Construction needs a piece of equipment that $200. Reynolds either can lease the $4
5034 Wind River Motel adjusts and closes its accounts once a year on December 31. Most guests of the motel pay at the time th $4
5033 The J. Harris Corporation is considering selling one of its old assembly machines. The machine, purchased for $30,000 fi $6
5032 Income statements for Shirley Company for 2005 and 2006 follow:            $6
5031 ACC 280 BE8-5 Mingenback Company has the following internal control procedures XACC 280 Brief Exercise 8-5 Mingenback Co $2
5030 The inventory at May 1 and the costs charged to Work in Process-Department B during May for Star Company are as follows: $7
5029 Shi Importers' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total commo $3
5028 ACC 280 E6-12 Staley Watch Company reported the following income statement data for a 2- XACC 280 Exercise 6-12 Staley $6
5027 P9-5A - Journalize entries to record transactions related to bad debts.  (SO 3)   At December 31, 2006, th $6
5026 The condensed balance sheet and income statement for Marjoram Company are presented below.   Marjoram Company Ba $6
5025 The following balances were taken from the books of Maria Conchita Alonzo Corp. on December 31, 2007.   (Multiple $6
5024 QS 13-2 Prepare the journal entry to record each separate transaction. (a) On March 1, DVD Co. issues 44,500 shares of $ $4
5023 P4-2 Woodside Company - Financial Accounting   Problem 4-2. Write journal entries for the following transactions $7
5022 Problem 8-24A Purchase and Use of Tangible Asset: Three Accounting Cycles, Double- Declining-Balance Depreciation L.O. 2 $10
5021 North Pole Cruise Lines issued preferred stock many years ago. It carries a fixed dividend of $6 per share. With the pas $3
5020 Accrual Accounting concept - Answer the following questions (Show your work). 1. Revenues of $60,000 was earned, but o $5
5019 P 20-14 Errors; change in estimate; change in principle; restatement of previous financial statements   P 20-14 W $7
5018 Wilson Company prepared the following preliminary budget assuming no advertising expenditures: Selling price.......... $3
5017 The information in the table is from the statement of cash flows for a company at four different points in time ABCD.&nb $3
5016 EXERCISE 5-2 - Errors in Financial Statements - Sherwood Real Estate Company   Sherwood Real Estate Company &nbs $5
5015 Catlet Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units were $5
5014 E6-5 Catlet Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units $5
5013 ACC 280 - E6-5 Catlet Co. uses a periodic inventory system. Its records show the following for the month of May, in whic $5
5012 P9-5A Journalize entries to record transactions related to bad debts. (SO 3)   Larry Falcetto Company  &nbs $7
5011 Manufacturers Bank is evaluating Aluminum industries, Inc., which has requested a $3 million loan, to assess the firm’s $5
5010 QS 13-13 Compute Fox Company’s price-earnings ratio if its common stock has a market value of $30.75 per share and its E $2
5009 XACC 280 Week 3 P3-1A MASASI COMPANY, INC. Trial Balance June 30, 2008 Account Number Debit Credit 101   P3-1A MA $10
5008 Chapter 6 -  Cost-Volume-Profit Relationships True/False   1. One way to compute the total contribution mar $10
5007 Norris Corporation was organized on January 1, 2007. It is authorized to issue 20000 shares of 6%, $50 par value preferr $8
5006 Reveen Products sells camping equipment. One of the company’s products, a camp lantern, sells for $90 per unit. Break-E $8
5005 P 20-12 Accounting changes and error correction; eight situations; tax effects ignored   Williams-Santana, Inc., $9
5004 Wilson Company is considering an investment in a machine costing $300,000.  The machine has an estimated useful lif $7
5003 The House cost 159,000. Down payment is 31,800 - Calculate the amount you will need to save each month if you want to bu $4
5002 Sheldon Optics produces medical lasers for use in hospitals. The accounts and their balances appear $4
5001 XACC E5-16 This information relates to Martinez Co. 1. On April 5 purchased merchandise from D. Norlan Company for $20, $5
5000 Essay Problem 5 - The following data (in thousands of dollars) have been taken from the accounting records of Larop $6
4999 At the financial statement date of December 31, 2006, the liabilities outstanding of Manning Corporation included the fo $3
4998 QS 13-11 The stockholders’ equity section of Axel Company’s balance sheet follows. The preferred stock’s call price is $ $2
4997 XACC 280 - P2-2A APPENDIX C - Jane Kent is a licensed CPA. During the first month of operations of her business, Jane Ke $10
4996 P2-2A Jane Kent is a licensed CPA - Appendix C. During the first month of operations of her business, Jane Kent, Inc., t $10
4995 One company's accounting records for the year ended Dec 31 a-         Sales re $2
4994 Norgaard Corporation makes 8,000 units of part G25 each year. This part is used in one of the company's products. The co $5
4993 4-14 - Return on equity Midwest packaging’s ROE last year was only 3%, but its management has developed a new operating $6
4992 P 20-11 The Collins Corporation purchased office equipment at the beginning of 2009 and capitalized a cost of $2,000,000 $7
4991 Wilson Company is considering an investment in a machine costing $300,000.  The machine has an estimated useful lif $6
4990 The Horizon Company will invest $60,000 in a temporary project that will generate cash inflows of $15,000 in year 1, $25 $4
4989 Shelby's Shoes budgeted to sell 40,000 pairs of shoes in the first quarter of 2009 at an average price of $200 per pair. $3
4988 E4-9 The adjusted trial balance for Apachi Company is presented in E4-8.   Instructions (a) Prepare an income st $6
4987 XACC 280 E4-9 The adjusted trial balance for Apachi Company is presented in E4-8. E4-9 The adjusted trial balance for A $6
4986 MINI CASE - Clark Manufacturing Company buys crypton for $.80 a gallon.  At the end of processing in Deptartment 1, $7
4985 Manilow Company issued $600,000, 9%, 20-year bonds on January 1, 2006, at 103. Interest is payable semiannually on July $6
4984 Issuing stock for assets other than cash - On November 10, Craddock’s Corporation, a wholesaler of hydraulic lifts, $1
4983 What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 7% of $3
4982 Return on equity and quick ration:  A company has sales of $200,000, a net income of $15,000 and the following bala $5
4981 xacc280 appendix - P2-2A Jane Kent is a licensed CPA. During the first month of operations of her business, Jane Kent, I $8
4980 P 20-10 Inventory errors - You have been hired as the new controller for the  Ralston Company. Shortly after j $5
4979 Wills market contracts with J.E. Clemmons & Company to deliver groceries to their customers. Clemmons fee is &n $3
4978 The Hokie Corporation is considering two mutually exclusive projects - (Risk-adjusted NPV)   The Hokie Corporatio $7
4977 Production estimates for Shelby’s Shoes are as follows for the first five months of the year: Jan 9,000 pairs; Feb 12,00 $1.5
4976 XACC 280 Ethics Case BYP 9-6 The controller of Ruiz Co. believes that the yearly allowance for doubtful   ACC 2 $4
4975 The Landis Corporation had 2008 sales of $100 million. The balance sheet items that vary directly with sales and the pro $7
4974 Manhattan Med Group (MMG) has a current stock price of $47, and its last dividend  (D0) was $2.90. In view of MMG’s $6
4973 Moore Services Company - On May 1, 2006, the amount of capital stock in Moore Services Company was $71,000 and retained $5
4972 The following is Noble Company's contribution format income statement last month: Sales (12,000 units)........... $600,0 $3
4971 Retread Company manufactures running shoes. The selling price per pair of shoes (one unit) averages $80 and variable cos $6
4970 Problem 13-7B. The annual income statements for Peña, Inc., as reported when they were initially published in 2003, 2004 $7
4969 P 20-9 Accounting changes; identify type and reporting approach   At the beginning of 2011, Wagner Implements und $6
4968 Williams Sonoma, Inc - Cash flows from operating activitiesSelected data derived from the income statement and balance s $4
4967 P13-25 Sell or process further - The Heather honey company purchases honeycombs from beekeepers for $2.40 a pound. &nbs $7
4966 Shelby Shoes manufactures high-quality leather shoes for premier retail stores that sell for $100 per pair. Estimated sa $3
4965 BE 15-10 McLaren Corporation has net income of $11.44 million and net revenue of $80 million in 2008. Its assets are $14 $3
4964 ACC 280 Brief Exercise 15-10 McLaren Corporation has net income of 11.44 million and net revenue   XACC 280 Brie $3
4963 Lamar Kline and Kevin Lambert decide to form a partnership by combining the assets of their separate businesses. Kline c $3
4962 E10-6 Mane Event is considering opening a new hair salon in Pompador, California. The cost of building a new salon is $3 $6
4961 On March 1, 2005 Lancer Corporation issued $4,000,000 of 9.2%, ten-year bonds dated March 1, 2005 with interest payable $7
4960 P14-1A Prepare the operating activities section—indirect method. (SO 3) P14-1A - The income statement $4
4959 P15-129 -Stock dividends - The stockholders’ equity section of Reston Corporation’s balance sheet as of December 31 $7
4958 P11-5 The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2009. The accounting de $8
4957 On March 1, 2005 Lancer Corporation issued $4,000,000 of 9.2%, ten-year bonds dated March 1, 2005 with interest payable $6
4956 P-12 Nilani Company purchased 100 Arpaho company bonds on April 1, 2007. The bonds were to pay interest semi-annually on $6
4955 Research the historical price of   1) a car   2) a house.   Find the price of the item $8
4954 Williams Company has been producing and selling 100,000 units per year. They have excess capacity. The following budget $6
4953 The Hayes Company manufactures and sells several products, one of which is called a slip differential. The company norma $5
4952 The Shawshank Manufacturing Co. uses a job order cost system of accounting.   The following information was taken $7
4951 PDQ bonds have a face value of $1,000. The bonds pay $40 in interest every six months and will mature in 10 years. &nbs $6
4950 ACC 230  4-5. The following comparative balance sheets and income statement are available for Little Bit Inc Littl $8
4949 P 20-8 Accounting changes; six situations - Described below are six independent and unrelated situations involving $8
4948 Lakia Corporation reported the following current-year purchases and sales data for its only product:   Jan. 1 Beg $10
4947 Mandy Arnold opened a law office.  Mandy Arnold, Attorney at Law, on July 1, 2005.  On July 31, the balance sh $8
4946 QS 13-10 On January 1, Brazil Company had 150,000 shares of common stock outstanding. On April 1, it purchased 12,000 tr $3
4945 P 9-5 (gross profit method) On April 15, 2011, fire damaged the office and warehouse of Stanislaw Corporation. &nbs $6
4944 Problem 6-4 - On march 31, the Maple Shop had no alarm clocks on hand. During the next four months. If first purchased 5 $5
4943 Nike, Inc Cost of Capital   1. What is WACC and why is it important to calculate a firm's cost of capital? 2. Do $8
4942 Using the code letters below, indicate in the space provided how each of the following costs should be classified in the $5
4941 William industries are attempting to choose better of two mutually exclusive projects for expanding the firm's productio $8
4940 The general ledger of Vance Corp. as of December 31, 2007, includes the following account   Copyrights &nbs $3
4939 Distributor Company purchases Supplier Company for $800,000 Cash on January 1, 2007.    The book value of $3
4938 E8-6  As sales manager, Shawn Keyser was given the following static budget repot for selling expenses in the Clothi $5
4937 Paula’s Puppy Parlor creates popular puppy hair-dos for all kinds of dogs. The typical cut and style costs $200. Paula’s $3
4930 ACC 226 wk 3 E 11-1 E 11-7 CheckPoint -  Classifying Liabilities and Preparing Payroll Entries   Resource: F $7
4929 The trial balance of Lakewood Inc. included the following accounts as of December 31, 2006.     &nb $5
4928 QS 13-9 On January 1, Vendetta Company had 100,000 shares of common stock outstanding. On February 1, it issued 20,000 a $2.5
4927 3-41 High-Low Method -  Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April $6
4926 Chapter 12-11. Calculating WACC. Find the WACC of William Tell Computers. The total book value of the firm’s equity is $ $4
4925 The Garraty Company has two bonds issues outstanding.  Both bonds pay $100 annual interest plus $1,000 at maturity. $9
4924 Shaun Wilcox, an architect, opened an office on April 1, 2006. During the month, he completed the following transactions $12
4923 P 5-5 A Poole Corporation has collected the following information after its first year of sales. Net sales were $1,600,0 $10
4922 Required rate of return - Assume that the risk-free rate is 6 percent and the expected return on the market is 13 percen $2
4921 4-39 Allocation and proration of manufacturing overhead.(SMA, heavily adapted) Nicole Limited is a commercial produces m $10
4920 On June 30, 2005, Scizzory Corporation’s common stock is priced at $31 per share before any stock dividend or split, and $6
4919 ACC 226 Q13-2Check Point - DVD Co.-  Stock Issuances, Dividends, and Splits   QS 13-2 Prepare the journal en $4
4918 Lakeview Sales and Service  - Problem 7-26A Comprehensive accounting cycle problem (uses percent of revenue allowan $10
4917 QS 13-8 Barnes Company earned a net income of $450,000 this year.   QS 13-8 Chapter 13 Accounting for Corporation $1
4916 Management is considering purchasing an asset for $20,000 that would have a useful life of 10 years and no salvage value $6
4915 Why would a company choose to form as a corporation? What are the steps that are required to become a corporation? What $9
4914 The G.Wolf Corporation is examining two capital-budgeting projects with five year lives - (Risk-adjusted discount rates $5
4913 Sharp Company produces 8,000 parts each year, which are used in the production of one of its products. The unit product $3
4912 Pollard Medical Equipment uses a flexible budget for its indirect manufacturing costs. For 19X1, the company anticipated $6
4911 Top Corporation - Reproduced below are selected financial data at the end of Year 5 and forecasts for the end of Year 6 $6
4910 Representatives of the various departments of Go Cycles have assembled the following data. As the business manager, you $7
4909 The following information pertains to Nicole Corp., a construction company that has contracts with three different custo $8
4908 on january 2, 2004 a corporation issued 200,000, 10% 10-year bonds for 160,000. The bonds pay interest each december 31 $4
4907 ACC 226 Q13-2Check Point: Stock Issuances, Dividends, and Splits   QS 13-2 Prepare the journal entry to record ea $4
4906 Lakeside Company's budget for the coming year includes $8,000,000 for manufacturing overhead, 100,000 hours of direct la $3
4905 QS 13-8 Barnes Company earned a net income of $450,000 this year.   QS 13-8 Chapter 13 Accounting for Corporation $1.5
4904 BE7-2  Maltz Company estimates that  unit sales will be 10,000 in quarter 1; 12,000 in quarter 2; 14,000 in qu $3
4903 Why can the distinction between fixed costs and variable costs be made in the short run?  "There are no fixed cos $9
4902 Hilton Paneling, Inc- Relationship among pension elements   The funded status of Hilton Paneling, Inc.’s defined $7
4901 Information related to Steffens Co. is presented below. On April 5, purchased merchandise from Bryant Company for $25, $5
4898 Whitaker Company’s relevant range is between 8,000 units and 16,000 units. If 10,000 units are produced, variable costs $5
4897 The Fraley Company, a merchandising firm, has planned the following sales for the next four months:   Total budge $6
4896 The following unadjusted and adjusted trial balances were taken from the current year's accounting system for Conference $5
4895 Sharon Smith will receive $1 million in 50 years. The discount rate is 14%. As an alternative, she can receive $2,000 to $4.5
4894 Polite Supply uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a ge $5
4893 Renfro Rentals has issued bonds that have a 10%coupon rate, payable semiannually. The bonds mature in 8 years, have a fa $3
4892 ACC350 Final Part 1, - Nicholals Company manufactures TVs. Nicholals Company manufactures TVs.   Some of the $8
4891 Yarrow Corporation  - On January 1, 2007, Yarrow Corporation had 1,000,000 shares of common stock outstanding. On M $5
4890 Lakatos Corporation uses an activity-based costing system with three activity cost pools. The company  has provided $3
4889 QS 13-6 On May 3, Lassman Corporation purchased 3,000 shares of its own stock for $27,000 cash.   QS 13-6 Chapter $3
4888 The normal capacity of the Malloy Company is 20,000 direct labor hours and 10,000 units per month. A finished unit requi $5
4887 Which one of the following stocks is correctly priced if the risk-free rate of return is 3.2 percent and the market risk $5
4886 Mangerial Accounting - The following sales budget has been prepared   Month\      & $5
4885 Shannon Valley Meat Company produces one of the best sausage products in Pennsylvania. The company's controller compiled $6
4884 In 2011, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million sh $3
4883 Renewal Company - E5-59 Preparing a cost of quality report. The following information shows last year's quality-related $10
4882 Nicholals Company manufactures TVs.   Some of the company's data was misplaced.  Use the following inform $7
4881 On January 1, 2007, Stavlund Corporation issued $1,400,000 face value, 12% 10 –year bonds at $1,572,048 This price resul $8
4880 P5-1A  Lair Company specializes in manufacturing motorcycle helmets. The company has enough orders to keep the fact $4
4879 QS 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows   QS 13-5 Chap $4
4878 Malibu, Inc., is a U.S. company that exports goods to UK.  It plans to use put options to hedge receivables of 100, $3
4877 Which type of control is considered a mitigating control?   a.      segregation of& $3
4876 The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 $3
4875 Set up the following in T-account form and determine the ending balances insofar as these accounts are concerned. (Not a $7
4874 2-34 - Amortization schedule- Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at t $6
4873 Planet Accessories Company reported the following balance sheet and income statement at year – end 2007. In addition, di $10
4872 Information related to Steffens Co. is presented below.   On April 5, purchased merchandise from Bryant Company $5
4871 XACC 280 P3-4A A review of the ledger of Remington Company at December 31, 2008, produces the following   XACC 28 $3
4870 Newsys Inc. will generate $30,000 per year for the next five years from a new database system. The system requires an in $4
4869 P10-10B - On January 1, 2007, Stavlund Corporation issued $1,400,000 face value, 12% 10 –year bonds at $1,572,048 This p $8
4868 Problem 5-22A Allocating Product Costs Between Cost of Goods Sold and Ending Inventory: Intermittent Purchases and Sales $6
4867 Prepare journal entries to record the following transactions for Skylar Corporation:   QS 13-4 Chapter 13 Account $2
4866 P 10-4B January 2 20X4 Makinthosh speed Co. purchased a used trailer at a cost of $63,000. before placing the trailer in $9
4865 Which security has a higher effective annual interest rate? a. A 3-month T-bill selling at $97,645 with par value $100, $3.5
4864 1 of 40 FINACE QUESTIONS - The following information is from the manufacturing budget and budgeted financial statement $20
4863 4-31 Service industry, job costing and law firm - Viash and Associates is a law firm specializing in labor relations and $6
4862 E9-2 - Manufacturing Overhead Budget - The direct labor budget of Yuvwell Corporation for the upcoming fiscal year conta $5
4861 The Following data is for a production company - Beginning inventory 1,000 units, three-fourths completed Finished and t $7
4860 SERIAL PROBLEM Success Systems - was initially organized as a proprietorship. Assume that on April 1   13. Acco $5
4859 Paula Company produces a part that is used in the manufacture of one of its products. The costs associated with the prod $7
4858 Majid Corporation sells a product for $240 per unit. The product's current sales are 41,300 units and its break-even sal $3
4857 QS 13-3 Hilton Company’s stockholders’ equity includes 75,000 shares of $5 par value, 8% cumulative preferred stock and $3
4856 On Feb 1 2006 Company A issued 10% bonds dated Feb 1, 2006, with a face amount of $200,000. The bonds sold for #239, 588 $3
4855 Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $28,000 and vari $3
4854 Regal Company produces - P19-33B Regal Company produces hospital uniforms.  The company allocates manufacturing ove $5
4853 YSL Marketing research is a small firm located in Seattle. On behalf of its clients, the firm conducts focus group meeti $6
4852 PART I - Multiple Choice (2 points each - answer all questions; 60 points total)      Complete th $15
4851 Kitchen Tile Company - The following data for Kitchen Tile Company related to the production of 18,000 tiles during the $5
4850 The following data relate to a company that produces and sells a travel guide that is updated monthly: Fixed costs: $8
4849 Paul Sarver is the controller of a corporation whose stock is not listed on a national stock exchange. The company has j $5
4848 Mahogany Products, Inc  - As part of the analytical procedures of Mahogany Products, Inc., you perform calculations $8
4847 Constant-Growth Model. Here are data on two stocks, both of which have discount rates of 15 percent   Q-20 Consta $8
4846 Jeltz Corporation sold - On December 31, 2006 Jeltz Corporation sold some of its product to Beaty Company, accepting a 3 $7
4845 Newbirth Coatings Co. purchased waterproofing equipment on Jan 2, 2009, for $380,000. The equipment was expected to have $6
4843 Redwood - The following information is for Redwood Inc., for the year ended December 31, 2006.   Redwood had a c $5
4842 You are going to receive $100,000 in 50 years. What is the difference in present value between using a discount rate of $5
4841 Your aunt offers you a choice of $60,000 in 40 years or $850 today. If money is discounted at 11 percent, which should y $4
4840 Which of the following would be classified as an internal failure cost on a quality cost report?    A.  $2
4839 The following information is available for the Koufax Company for the year ending Dec. 31, 2007:    &nbs $6
4838 The accounts of the Capitan Company are shown below:             $5
4837 The following are the year-end balances of Salter Corporation for 2006 and 2007:       &n $5
4836 Sellograph Corporation reports sales of $10M for Year 2, with a gross profit margin of 40%.  20% of Sellograph’s sa $6
4835 Patton Paints Corporation has a target capital structure of 40 percent debt and 60 percent common equity, with no prefer $5
4834 E21-7 - Personnel Utilization in a Service Organization - Magily Company is a mathematical model consulting firm. Magily $3
4833 Q8-3 Southwest Airlines offers four flights per weekday from Cleveland, Ohio, to Tucson, Arizona.  Adding a fifth f $3
4832 On average, a firm sells $2,500,000 in merchandise a month. Its cost of goods sold equals 80 percent of sales, and it ke $3.5
4831 Problem 10-1 - Robin Bradley received a payback from her employer in the amount of $776.35. the pay check  &nb $3
4830 Red Sauce Canning Company Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. $7
4829 Annuity Consideration - Your younger sister, Jennifer, will start college in five years. She has just informed your pare $8
4828 Which of the following credit terms has the highest effective annual rate (cost) of discounts missed?  Show calcula $7
4827 E15 - 8 Cost Classifications - The following are costs associated with manufacturing firms, merchandising firms, or serv $8
4826 Select Mfg. Co. - The following information has been taken from the perpetual inventory system of Select Mfg. Co. for th $7
4825 E23-11 LO 6 (SCF--Indirect Method)  Condensed financial data of Pat Metheny Company for 2008 and 2007 are presented $7
4824 Magic Carpet - Regular dividends - The balance sheet for Magic Carpet is shown below in market value terms there are 20, $3
4823 Q2-33 - FV for uneven cash flow - You want to buy a house within 3 years, and you are currently saving for the down paym $3.5
4822 On August 3, Waterways Corporation issued for cash 45,000 shares of no-par common stock (with a stated value of $100) at $2
4821 New Jersey Company’s $1,000 bonds pay 8 percent interest annually and have 25 years until maturity. You can purchase the $3
4820 Current Liabilities and Payroll – Review Unit 5   Unit 5   1. The interest charged by the bank, at the r $9
4819 Red Court, Inc., has $900,000 in current assets, $350,000 of which are considered permanent current assets. In addition, $10
4818 For each of the following situations, the present value concept should be applied   a) Your wealthy aunt has just $10
4817 Which document triggers update of the inventory subsidiary ledger? A.      bill of lading $3
4816 The financial statement columns of the work sheet for Acme Company at December 31, 2007, are as follows:  &nbs $6
4815 Longer Problem  - Security A has an expected return of 12.4 percent with a standard deviation of 15 percent, and a $6
4814 PART V NORMAL BALANCES - Indicate the normal balance of each of the following accounts.  Place a (DR) for debit and $3
4813 Magee Company's stock has a beta of 1.20, the risk-free rate is 4.50%, and the market risk premium is 5.00%. What is Mag $1.5
4812 Q2-19 - Future value of an annuity -  Your client is 40 years old and she wants to begin saving for retirement with $6
4811 On 1/1/07 we issue 8% bonds dated 1/1/07, with a par value of $100,000.  Interest is paid semiannually on 7/1 and 1 $10
4810 You are considering two independent projects, project A and project B. The initial cash outlay associated with project A $7
4809 Consider the following costs incurred in a recent period Direct materials = 33000 Depreciation on factory equipment $2
4808 Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should y $3.5
4807 Where Q is quantity demanded per month in thousands, P is product price, I is an index of consumer income, and A is adve $6
4806 The Engine shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and $3
4805 10.2 The following are selected items from the accounting records of Seattle Chocolates for the year ended December 31, $6
4804 Part U16 is used by Mcvean Corporation to make one of its products. A total of 13,000 units of this part are produced an $3
4803 End of Chapter Exercise 4-10 - Cash receipts versus revenues. During the month of April, Macon Co. had cash receipts fro $3
4802 On 2/15/07, we buy a 10% interest in SubCo for $1,500,000.  On 7/15/07, we receive  dividends of $50,000. $3
4801 On 1/1/07 we buy IBM bonds at par value for $1,000,000 cash.  The bonds pay interest of 6% annually on December 31s $3
4800 On 1/1/07 we issue 8% bonds dated 1/1/07, with a par value of $100,000.  Interest is paid semiannually on 7/1 and 1 $7
4799 P3-2A Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before $15
4798 Rebelo Corporation is presently making part E07 that is used in one of its products. A total of 17,000 units of this par $3.5
4797 Q 9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals  to maintain the $4
4796 Your uncle is interested in buying a certain stock, which he says is undervalued and should be worth $35 per share. He h $2.5
4795 When other factors are constant, what is the effect on profits of an increase in fixed costs? Of a decrease in variable $3
4794 The earnings, dividends, and stock price of Shelby Inc. are expected to grow at 7% per year in the future. Shelby’s comm $6
4793 Scott's Investment has just sold a bond issue with 20 warrants attached.  The bonds have a 20-year maturity, an ann $7
4792 Part S51 is used in one of Haberkorn Corporation's products. The company makes 12,000 units of this part each year. The $3.5
4791 Dividends on preferred and common stock - Olympic Theatre Inc. owns and operates movie theaters throughout Texas and & $6
4790 The following information for Nelsen Company is available on June 30, 2005, the end of a monthly accounting period. You $6
4789 8-20 Realized rates of return Stocks A and B have the following historical returns   Year     $8
4788 Weltin Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's $10
4787 You purchased 1,000 shares of Oliver Inc. common stock one year ago for $50 per share. You decided to take your profit t $2.5
4786 P4 Ned Flanders owns the Leftorium Store and uses the periodic inventory method. He had the following inventor; informat $8
4785 Ray Black opened a law office, Ray Black, Attorney at Law, on July 1, 2008.   During July the following transact $12
4784 What are the three basic elements of manufacturing costs? $3
4783 Your supplier offers terms of 1/10, net 45. What is the effective annual cost of trade credit if you choose to forgo the $2
4782 1. When cash is paid to a creditor, the firm's liabilities decrease. True False 2. A business transaction is a fin $5
4781 The earnings of X Company are expected to grow at an annual rate of 14% over the next 5 years and then slow to a constan $6
4780 Scott Perkins started Perkins Company on Jan 1, 2005.  The company experienced the following events during its firs $6
4779 PART III MATCHING - Match the following terms with the definitions or statements listed below.  Indicate your answe $7
4778 On July 31, 2008 the balances of the accounts appearing in the ledger of Odell Company are as follows: Cash    $10
4777 The balance sheet that follows indicates the capital structure for Nealon. Inc.   Comprehensive problem Nealon. I $10
4776 The ledger of R. Rental Agency Inc. on March 31 of the current year includes the following selected accounts before adju $3
4775 4-25 Ratio analysis the Corrigan Corporation’s 2004 and 2005 financial statements follow, along with some industry avera $15
4774 Prepare a classified balance sheet for Smith Company as of December 31, 2010.     Debits Credi $6
4773 Your sister turned 30 today, and she is planning to save $3,000 per year for retirement, with the first deposit to be ma $3
4772 Allowance for doubtful accounts. - When a company has a policy of making sales for which credit is extended, it is reaso $5
4771 The Draper Company is considering dropping its Doombug toy due to continuing losses. Revenue and cost data on the toy fo $8
4770 Scott Corporation, a furniture store, was formed on January 1, 20X8, when Scott issued its no-par common stock for $300, $8
4769 Part II:  What is the definition of internal rate of return (IRR)?  If you expect the annual interest rates ar $4
4768 Observe the following three stocks and related information Fill in the blanks and show how you got the answers. $3
4767 Oakland Company had the following cash flows and other activities for the quarter ended March 31, 2002.   Deprec $5
4766 9-16, 9-17  Variable and absorption costing, explaining operating-Income differences. - Nascar Motors assembles and $15
4765 Ratio Analysis - a. Calculate the indicated ratios for the company (see the last table) b. Construct the extended $12
4764 Redman Company manufactures customized desks. The following pertains to Job No. 978:direct material used $9,450direct la $1.5
4763 Alternative present values - Your rich godfather has offered you a choice of one of the three following alternatives: $1 $5
4762 Question: 13-6   Wheeler Company wants buy a numerically controlled (NC) machine to be used in producing speciall $4
4761 The digital system Company was organized two years ago to take advantage of an Internet opportunity. Investors paid $12 $4
4760 Scorpio Company’s activity for the first five months of 2006 is as follows:     Machine Hours $2
4759 Part I  You are advising company X on its merger and acquisition case. The buyer company offers X two options. Opti $10
4758 Oakdale Furniture, Inc. has a beta coefficient of 0.7 and a required rate of return of 15 percent. The market risk premi $2
4757 On February 1,2007, Nance Contractors agreed to construct a building at a contract price of $6,000,000. Nance estimated $7
4756 Rangoon Corp's sales last year were $400,000, and its year-end total assets were $300,000. The average firm in the indus $3
4755 Oakwood Plowing Company purchased two new plows for the upcoming winter. In 210 days, Oakwood must make a single payment $3
4754 Your parents will retire in 18 years.  They currently have $250,000, and they think they will need $1,000,000 at re $2
4753 What’s the future value of $2,000 after 3 years if the appropriate interest rate is 8%, compounded monthly? (Points : 4) $2.5
4752 The Denver University Student Store prepared the following budget information for the month of May: ·    $4
4751 Savadyne, Inc. produces flash drives. The selling price is $8 per drive. The variable cost of production is $2.40 per un $6
4750 Parr Paper's stock has a beta of 1.40, and its required return is 13.00%. Clover Dairy's stock has a beta of 0.80. If th $4
4749 O’Shea started the 2002 accounting period with $30,000 of assets (all cash), $18,000 of liabilities, and $4,000 of commo $9
4748 Name accounts affected and how (increase/decrease) for each of the following items.  Omit explanations. a. Unrecor $6
4747 Random Enterprises signed a discounted note on Jan 1, 2010 promising to pay the lender $10 million in 2 years, and will $2
4746 Messier Inc. manufactures cycling equipment. Recently the vice president of operations of the company has requested cons $4
4745 Financing-Debt vs. Equity. Your firm is planning to finance a $300,000 expansion with either straight debt or issuing ne $12
4744 What would your yield (I R R) be if you invest $75,000 into an account that paid you a $12,000 income each year for the $6
4743 The debits to Work in Process- Cooking Department for Euphrates Company for Jan, 2006, together with information concern $7
4742 Sauer Milk, Inc. wants to determine the minimum cost of capital point for the firm. Assume it is considering the followi $8
4741 Business is going well for Park'N Fly, the company that operates remote parking lots near major airports. The board of d $9
4740 P 1–30A Week 3 - Interrelationships among Financial Statements? - O’Shea started the 2002 accounting period with $3 $8
4739 Naismith Company manufactures basketball backboards. The following information pertains to the company’s normal operatio $4
4738 Randazzo's cost accountant recently completed a study that associated cost and revenue data with each product listed in $7
4737 meg salon established a savings account for her son's college education by making annual deposits of $8,000 at the begin $5
4736 Your firm has an opportunity to make an investment of $50,000. Its cost of capital is 12 percent.  It expects after $6
4735 What would be the future value of a loan of $1000 for 2 years if the bank offered a 10% interest rate compounded semiann $3
4734 The County Historical Society and Museum is considering holding a picnic as a fundraiser.  They plan to charge $15 $4
4733 Saturn Inc. expects to have net income of $20,000,000 during the next year. Saturn's target capital structure is 35 perc $5
4732 Parker Inc. purchased a $30,000 asset with a salvage value of $1,200 and an estimated useful life of three years. What i $5
4731 Part One - The balance sheet of O’Malley Woolen Company disclosed the following stockholder’s equity as of December 31, $15
4730 On July 1, 2006, N Company purchased for 1,300,000 snow making equipments have an estimate useful life of 5 years with a $9
4729 P12-11A The comparative balance sheets for Ramirez Company as of December 31 are presented below. RAMIREZ COMPANY Compar $7
4728 Martin Corporation is financed with 40% debt and 60% common equity. The after tax cost of debt is 10% and the cost of co $4.5
4727 Your father is about to retire, and he wants to buy an annuity that will provide him with $50,000 of income per year for $3
4726 What will be the nominal rate of return on a preferred stock with a $100 par value, a stated dividend of 8% of par, and $4.5
4725 The cost of merchandise sold during the year was $50,000. Merchandise inventories were $12,500 and $10,500 at the beginn $3
4724 Sargent.Com plans to sell 2,000 purple lawn chairs during May, 1,900 in June, and 2,000 during July. The company keeps 1 $2
4723 10.6 On September 1,2002, Park Rapids Lumber Company issued $80 million in 20-year,10% debenture bonds. Interest is paya $7
4722 Radon Homes' current EPS is $6.50. It was $4.42 5 years ago. The company pays out 40% of its earnings as dividends, and $4.5
4721 P7-1 The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000.  The bond Finding the Pric $4.5
4720 Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and th $2.5
4719 P 20-7 Depletion; change in estimate - In 2011, the Marion Company purchased land containing a mineral mine for $1, $10
4718 Your corporation has the following stockholders equity.   Common Stock at par       $3
4717 a. What is the present value of nine annual cash payments of $4,000 to be paid at the end of each year using an interest $8
4716 Wk#4, Additional DQ4 The cost of capital is 15%, the before-tax-cost of debt is 9% and the marginal income tax rate is 4 $3
4715 Sardi Inc. is considering whether to continue to make a component or to buy it from an outside supplier. The company use $2.5
4714 P 20-6 Change in principle; change in depreciation methods - During 2009 and 2010, Faulkner Manufacturing used the sum-o $7
4713 Your company, Beta Corporation, is considering a new project which you must analyze. Based on the following data, what i $3
4712 What is the yield to maturity for a 5-year, 7.5% coupon, $1,000 par value bond priced currently at $940.65? $2
4711 The Converting Department of Rhino Napkin Company had 1800 units in work in process at the beginning of the period, whic $5
4710 The following partial income statement and balance sheet information (in $ millions) comes from the Annual Report o $7
4709 Pappa Don's makes frozen pizzas. All direct materials are introduced at the start of the process. Conversion costs are i $6
4708 Next year, Rad Shirt Company expects to sell 32,000 shirts. Rad is budgeting the following operating results for next ye $8
4707 P7-1 The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000.  The bond Finding the Pric $4
4706 Gulick Company developed the following data for the current yearbeginning work in process inventory $120,000direct mater $2
4705 P 20-4 Change in inventory methods   The Rockwell Corporation uses a periodic inventory system and has used the F $6
4704 Your company is considering a project with the following cash flows: Initial outlay = $1,748.80 Cash flows Years 1-6 = $3
4703 What is the value of a common stock that recently paid a $2.00 dividend per share, and has a constant growth rate of 4% $3
4702 Practice 16-14 Break-Even Units - The company sells shovels for $27.75 each. The variable cost per shovel is $14.25. The $2
4701 Pally Division reported residual income of $34,000.  The division had $2,400,000 of invested capital and net income $3
4700 The ledger of R. Rental Agency Inc. on March 31 of the current year includes the following selected accounts before adju $4
4699 P9-24. The Aldridge Co. is expected to grow at 6% into the indefinite future.  Its latest annual dividend was $2.50 $3
4698 Fishing designs has arrange to borrow $15,000 today at 12% interest. The loan is to be repaid with end of year payments $5
4697 P 20-3 Change in inventory costing methods; comparative income statements -  Shown below are net income amounts as $6
4696 Your Company has just taken out a 1-year instalment loan for $72,500. The nominal rate is 12.0%, but with equal end-of-m $5
4695 What is the total stockholders' equity based on the following account balances?Common Stock $550,000Paid-in Capital in E $2
4694 Practice 16-13 The C-V-P Equation - The company sells lawnmowers for $895 each. The variable cost per lawnmower is $520. $3
4693 Sapphire Company has the following date Month\Budgeted Sales January\$108,000 February\132,000 March\144,000 April\ $5
4692 Problem 3-27A Two Complete Accounting Cycles L.O. 3–7 - Pacific Machining experienced the following events during 2 $20
4691 R Company requires four units of R2 for every unit of D2 that it produces. Currently R2 is made by "R" Company, with the $5
4690 P 9-23 Seattle Software Inc. recently paid an annual dividend of $1.95 per share and is expected to grow at a 15% rate i $5
4689 During 2010, Durham Manufacturing expected Job No. 51 to cost $300,000 of overhead, $500,000 of materials, and $200,000 $3
4688 P 20-2 Change in principle; change in method of accounting for long-term construction   P 20-2 The Pyramid Constr $8
4687 Your Company has just taken out a 1-year installment loan for $72,500. The nominal rate is 12.0%, but with equal end-of- $4
4686 12 finance questions - 1. What is the price today of a 20-year zero coupon bond if the required rate of return is 12%? T $15
4685 Practice 16-17 Break-Even Sales Revenue The company has a variable cost ratio of 65% and monthly fixed costs of $91,000. $3
4684 Change in Accounting Estimate  On January 3, 2007, Sandy's Fashions purchased a large number of personal computers. $6
4683 AE9-6 Pacer, Inc., is preparing its direct labor budget for 2005 from the following production budget based on a calenda $6
4682 Robles Co. sells $1,000 of inventory to Salas Co. for cash. Robles paid $650 for the merchandise. Under a perpetual inve $3
4681 P 20-1 Change in inventory costing methods; comparative income statements. The Cecil-Booker Vending Company changed its $6
4680 8-7. Tyler Inc.'s most recent annual dividend was $3.55 a share.  The firm has been growing at a consistent 4% rate $6
4679 Davie Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variab $3
4678 Your aunt offers you a choice of $60,000 in 40 years or $850 today. If money is discounted at 11 percent, which should y $4
4677 The Cologne Company uses a standard-cost system.  The month's data regarding its lone product follow:   &nbs $5
4676 What is the price today of a 2-year 9% coupon bond that has a par value of $1,000 and a required rate of return of 9%? $2.5
4675             Suppose a company’s most recent free cash flow (i.e., $5
4674 P24-2A (a-d) - Fultz Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the $8
4673 P 20-13 Accounting changes and error correction; eight situations; tax effects considered   (Note: This problem i $10
4672 8-6. The Pancake Corporation recently paid a $3 dividend, and is expected to grow at 5% forever.  Investors general $3
4671 You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.38 and th $5
4670 Quiz Chapter 16 - On January 1, 2007, Yarrow Corporation had 1,000,000 shares of common stock outstanding. On March 1, t $4
4669 Real Cash Flows - "You are planning to save for retirement over the next 30 years. To save for the retirement, you will $5
4668 BYP 6-3 The Coca-cola Company hardly needs an introduction. A line taken from the cover of a recent annual report says i $5
4667 What is the present value of: a. $8,000 in 10 years at l percent? b. $16,000 in 5 years at 12 percent? c. $25,000 in $4
4666 Suppose a firm currently has an unleveraged required return of 10% and perpetual unleveraged after-tax income of $140,30 $5
4665 P14-12 Notes receivable On January 1, 2010, the Somerville Corporation sold a used truck to the Cornelius Company and ac $7
4664 Exercise 14-18C General Motors advertised three alternatives for a 25-month lease on a new Blazer: (1) zero dollars down $3
4663 Based on the following information, prepare a statement of cash flows for Year 2. Use the indirect method. The CFS Corp $5
4662 What is the present value of 10 annual payments of $500 at a discount rate of 12%?  $2
4661 DQ2’s-WACC Suppose a firm estimates its WACC to 10 percent.  Should the WACC be used to evaluate all of its potenti $3
4660 P14-9 Bonds with Detachable Warrants On January 1, 2010, the London Corporation issued $500,000 of 11.5% bonds due Janua $6
4659 Exercise 14-15 An unsecured creditor of Telnet Co. is monitoring Telnet’s financing activities. Two years ago, Telnet’s $4
4658 bates co. has machinary that cost $90,000. It is to be leased for 15 years with rent received at the beginning of each y $3
4657 Quikcook Microwave Company currently manufactures the doors that it uses for its microwave ovens. The annual costs to ma $3
4656 13-B3 Comparison of Variable Costing and Absorption Costing - Consider the following information pertaining to a year’s $6
4655 Q4. (12-4) The Campbell Company is evaluating the proposed acquisition of a new milling machine. The machine's base pric $10
4654 Cost of trade credit What is the nominal and effective cost of trade credit under the credit terms of 3/15, net 30? $5
4653 Suppose ABC has non-maturing (perpetual) preferred stock outstanding that pays $2.20 per quarter and has a required retu $2.5
4652 P14-3 Premium Amortization Schedule with Retirement Before Maturity The Dorset Corporation issued $600,000 of 13% bonds $7
4651 Exercise 14-13  14-14 - 14-13 On January 1, 2005, Randa borrows $25,000 cash by signing a four-year, 7% Exer $8
4650 3-36. CVP Analysis and Price Changes - Argentina Partners is concerned about the possible effects of inflation on its op $9
4649 ACC 561 Question 13-49 Variances Study Appendix 13. Consider the following data regarding factory overheadIntroduction t $7
4648 ACC 561 Question 13-B3 Consider the following information pertaining to a year’s operations of Youngstown Manufacturing: $6
4647 P4-9 Corrections to Balance Sheet  The Brandt Company presents the following December 31, 2007 balance sheet; &nbs $8
4646 What is the net present value of a project that contributes $10,000 at the end of the first year and $5,000 at the end o $3
4645 Suppose that the annual expected rates of inflation over each of the next five years are 5 percent, 6 percent, 9 percent $1.5
4644 Problem 12-B2 Antonio Cleaning, Inc. What is the total costs the Commercial department using the direct method? In answe $8
4643 E14-11 On January 1, 2005, Perez borrows $25,000 cash by signing a four-year, 7% installment note that requires annual p $3.5
4642 P9-1A Pro Sports Inc. manufactures basketballs for the National Basketball Association (NBA). For the first 6 months of $5
4641 Q2-33 FV for uneven cash flow You want to buy a house within 3 years, and you are currently saving for the down payment. $3
4640 Younger Corporation has the following stockholders' equity accounts on January 1, 2003:        $6
4639 P3-9A The bookkeeper for Shirley temple’s dance studio made the following errors in journalizing and posting.   $5
4638 What is the major advantage of using C-V-P graphs? $3
4637 Suppose that you are considering investing in one of two companies, each in the same industry. The most recent income st $7
4636 FIN BUS401 P13-2 (Flotation cost and issue size) Your firm needs to raise $10million. Assuming that flotation costs are $3
4635 E14-10 Simon issues four-year bonds with a $50,000 par value on June 1, 2004, at a price of $47,974. The annual contract $7
4634 P8-1A Malone Company estimates that 360,000 direct labor hours will be worked during the coming year, 2008, in the Packa $8
4633 Q2-19 Future value of an annuity. Your client is 40 years old and she wants to begin saving for retirement with the firs $7
4632 Younes Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air $9
4631 Determining cash payments to stockholders - The board of directors declared cash, dividends totaling $80,000 during $2.5
4630 What is the journal entry for the following transactions. Purchases   Materials - growing  & $1.5
4629 Suppose that you bought the Intel stock at $21.50 per share, and that you paid $2 to buy its put option with the strike $2.5
4628 Clark Paints-Revised. The production department has been investigating possible ways to trim total production costs $10
4627 P12-4A Prepare dividend entries and stockholders' equity section. On January 1, 2006, Galactica Corporation had the foll $9
4626 Exercise 14-9 On May 1, 2005, Kidman Enterprises issues bonds dated January 1, 2005, that have a $1,700,000 par value, m $4
4625 P7-1A Danner Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for p $10
4624 QS13-12 Fiona Company expects to pay a $2.10 per share cash dividend this year on its common stock. The current market v $2.5
4623 You work for Alpha Inc., and you must estimate the Year 1 operating net cash flow for a proposed project with the follow $2.5
4622 The Blue Dolphin Restaurant provides private banquets. Blue Dolphin requires that customers pay the full amount before t $4.5
4621 What is the issue price of a zero coupon bond with 15 years to maturity if it is sold to yield 7.55% a) $362.31 b) $33 $3
4620 Suppose the annual risk-free rate in the U.S. is 3%.  The annual risk-free rate in Pounds Sterling is 5%.  The $3
4619 P11-7 In 2011, the Marion Company purchased land containing a mineral mine for $1,600,000. Additional costs of $600,000 $9
4618 E14-8 On January 1, 2004, Steadman issues $350,000 of 10%, 15-year bonds at a price of 973⁄4. Six years later, on $6
4617 P4-3A On July 31, 2010, Fenton Company had a cash balance per books of $6,140. The statement from Jackson State Bank o $5
4616 QS 13-2 Prepare the journal entry to record each separate transaction. (a) On March 1, DVD Co. issues 44,500 shares of $ $3.5
4615 You will receive $5,000 three years from now. The discount rate is 8 percent.a. What is the value of your investment two $7
4613 Unit 7 Finance 7 Questions 1.  You were hired as a consultant to Keys Company, and you were provided with the foll $10
4612 The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent $7
4611 What is the future value of the following cash flows at the end of year 3 if the interest rate is 7.25 percent $5
4610 Suppose the rate of return on a 10 year T-bond is currently 5.00% and that on a 10- year Treasury Protected Security (TI $4
4609 P11-3A Kohler Clothiers manufactures women’s business suits. The company uses a standard cost accounting system. In Marc $7
4608 Exercise 14-7 Metro, Inc., issues bonds with a par value of $75,000 on their stated issue date. The bonds mature in five $5
4607 P3-1A On April 1 Flint Hills Travel Agency Inc. was established. These transactions were completed during the month. 1. $7
4606 QS 13-13 Compute Fox Company’s price-earnings ratio if its common stock has a market value of $30.75 per share and its E $2.5
4605 You want to establish a scholarship fund that can pay out $125,000 per year forever. Assuming that you can find an inves $1.5
4604 The Big Apple, Inc., has compiled the following information on its 2008 income statement: sales = $961,800; costs = $32 $7
4603 20 Finance questions 1) what is the future value of $10,000 after 15 years when interest rate is 15%?   2) What i $15
4602 Suppose the real risk-free rate is 3.50%, the average future inflation rate is 2.25%, and a maturity premium of 0.10% pe $2.5
4601 P11-1A Prepare current liability entries, adjusting entries, and current liabilities section. P11-1A On January 1, 2008, $6
4600 p. 487 E 9-30 Purchase commitments. On October 6, 2011, the Elgin Corporation signed a purchase commitment to purchase i $2.5
4599 P2-4A Comparative financial statement data for Bedene Corporation and Groneman Corporation appear below.  All balan $6
4598 QS 13-11 The stockholders’ equity section of Axel Company’s balance sheet follows. The preferred stock’s call price is $ $2
4597 You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will $1.5
4596 The Betsy Dough Company wants to prepare a bank reconciliation for the month of June. When the bank statement for the mo $6
4595 11. Finance Questions   1.      What is the Future Value at the end of 17 years of depos $20
4594 Suppose the real risk-free rate is 5.05%, the average future inflation rate is 2.00%, a maturity premium of 0.08% per ye $2.5
4593 P10-12 Spencer Supplies stock is currently selling for $60 a share. The firm is expected to earn $5.40 per share this ye $3.5
4592 E 9-27 Inventory error. In 2011, the internal auditors of Development Technologies, Inc. discovered that a $4 million & $4
4591 P2-4A Comparative financial statement data for Bedene Corporation and Groneman Corporation appear below.  All balan $5
4590 QS 13-10 On January 1, Brazil Company had 150,000 shares of common stock outstanding   QS 13-2 Chapter 13 Account $3
4589 You want to buy a car, but you can make an initial payment of only $2,000 and can afford monthly payments of at most $40 $5
4588 The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual divid $6
4587 What is the future value on Dec 31 2019 of 10 cash flows of 20000 with the first cash payment made on Dec 31, 2010 and i $6
4586 A14. (Stock valuation) Suppose Toyota has nonmaturing (perpetual) preferred stock outstanding that pays a $1.00 quarterl $1.5
4585 P10–4 Murdock Paints is in the process of evaluating two mutually exclusive additions to its Basic Sensitivity Analysis $5
4584 E 9-26 Inventory errors. For each of the following inventory errors occurring in 2011, determine the effect of the error $3
4583 P1-3A On June 1 Eckersley Service Co. was started with an initial in ANSWER KEY   P1-3A On June 1 Eckersley Servi $7
4582 QS 13-9 On January 1, Vendetta Company had 100,000 shares of common stock outstanding   QS 13-9 Chapter 13 Accoun $2.5
4581 9.3 You purchased a stock one year ago at $42. Per share.  The stock just paid a dividend of $2.40 per share.  $3
4580 1) The balance in the prepaid rent account before adjustment at the end of the year is $ 15,000, which represents three $8
4579 What is the future value on Dec 31 2014 of deposit of 35000 made on Dec 31 2010 assuming interest of 10% compounded annu $6
4578 Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal instalments at the end of each of the next 4 y $3
4577 P10-3A On January 1, 208, Pele Company purchased the following two machines for use in its production process.   $10
4576 QS 13-8 Barnes Company earned a net income of $450,000 this year.   QS 13-8 Chapter 13 Accounting for Corporation $2
4575 E10-5 Summer Company is considering three capital expenditure projects   E10-5 Summer Company is considering thre $8
4574 E 9-25 During 2011, WMC Corporation discovered that its ending inventories reported in its financial statements were mis $8
4573 You purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate was 6% and its par value was $ $7
4572 The Auto Doctor Body Shop uses a job order cost system to determine the cost of performing automotive body and repair wo $4.5
4571 What is the fair value of the stock for which no dividend will be paid for next four years, but $2.00 dividend per share $4
4570 10.2 Suppose you have invested only in two stocks, A & B.  The returns on the two stocks depend on the followin $8
4569 P7-10 Comprehensive Receivables Problem - Connecticut Inc. had the following long-term receivable account balances at De $10
4568 QS 13-7 Answer the following questions related to a company’s activities for the current year: 1. A review of the notes $2.5
4567 E9-11 Twyla Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good $4
4566 E 9-24 Change in inventory costing methods. Goddard Company has used the FIFO method of inventory valuation since it beg $3
4564 You purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate was 6% and its par value was $ $6
4563 The ARC Radio Company is trying to decide whether to introduce a new product, a wrist “radiowatch” designed for shortwav $5
4562 QS 13-6 On May 3, Lassman Corporation purchased 3,000 shares of its own stock for $27,000 cash. On November 4, Lassm $3
4561 What is the expected inflation rate in the U.S. and Japan if the real rate of interest in the U.S. is 5% and in Japan 2% $3.5
4560 Suppose you hold a diversified portfolio consisting of $10,000 invested equally in each of 10 different common stocks. T $1.5
4559 P7-4A Select accounts from the chart of accounts of Boyden Company are shown below Accounting Principles: Weygandt, Kies $10
4558 E9-4 SY Telc has recently started the manufacture of RecRobo, a three-wheeled   E9-4 SY Telc has recently starte $6
4557 E 9-23 Change in inventory costing methods. In 2011, CPS Company changed its method of valuing inventory from the FIFO $4
4556 You purchased a $1,000 five percent coupon bond that matures in 10 years. How much would your bond be worth if interest $5
4555 BYP8-6 You are the assistant controller in charge of general ledger accounting at Riverside Bottling Company. Your compa $4
4554 E4-3 The following control procedures are used in Falk Company for over-the-counter cash receipts. 1. Cashiers are expe $5
4553 What is the economic order quantity for an automobile dealer selling 2,000 cars per year, at a cost of $750 per order, a $1.5
4552 Suppose you inherited $130,000 and invested it at 7% per year.  How much could you withdraw at the end of each of t $1.5
4551 P7 Khan Corporation has $20,000,000 of 10.5 percent, 20 year bonds dated June 1, with interest payment dates of May 31 a $7
4550 The Amber Magick Shoppe has forecast its sales revenues and purchases for the last 5 months of 2006 to be as follows: $5
4549 QS 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows   QS 13-5 Chap $4
4548 You purchase a bond with an invoice price pf $1030. The bond has a coupon rate of 6.6 percent and there are 5 months to $2.5
4547 15-9 You own 1,000 shares of Jennings Corp. stock, which is currently selling for $88.00.  Calculate the number of $4
4546 E3-14 The bookkeeper for Biggio Corporation made these errors in journalizing   E3-14 The bookkeeper for Biggio $3
4545 What is the capital asset pricing model (CAPM)? What are the assumptions that underlie the model? $7
4544 Suppose you inherited $200,000 and invested it at 6% per year. How much could you withdraw at the end of each of the nex $1.5
4543 P6–2A Determine cost of goods sold and ending inventory using FIFO, LIFO, and average cost with analysis.   P6-2 $8
4542 QS 13-4 Prepare journal entries to record the following transactions for Skylar Corporation:   QS 13-4 Chapter 13 $1.5
4541 You plan to invest in securities that pay 9.0%, compounded annually. If you invest $5,000 today, how many years will it $1.5
4540 15-6The Montauk Company has a dividend reinvestment plan in which shareholders owning 25% of its common stock participat $2.5
4539 E1-3 The Long Run Golf & Country Club details the following accounts  ANSWER KEY   E1-3 The Long Run Gol $3.5
4538 What is the annual yield to maturity of a 10 percent, semi-annual coupon bond with 8 years left to maturity? Its current $2.5
4537 Suppose you just obtained a lease on a privately owned tropical island. You are contemplating two possible strategies fo $8
4536 FINANCE 419 P5–3 Risk preferences Sharon Smith, the financial manager for Barnett Corporation, wishes to   Princi $4
4535 The Aldridge is expected to grow 6% into the indefinite future. Its latest annual dividend was $2.50. Treasury bills cur $3.5
4534 QS 13-3 Hilton Company’s stockholders’ equity includes 75,000 shares of $5 par value, 8% cumulative preferred stock an $3
4533 You own an oil well that will pay you $25,000 per year for 8 years, with the first payment being made today. If you thin $3.5
4532 15-5 The Holderall Rope and Yarn Co. has 2 million common shares outstanding.  Its capital structure is two-thirds $2.5
4531 BYP9-6. Robert Buey became Chief Executive Officer of Phelps Manufacturing   BYP9-6. Robert Buey became Chief Ex $4
4530 What is the accounting treatment or disclosure that should be accorded a declared but unpaid cash dividend? $3
4529 Suppose you take out a $10,000 loan at a 6% nominal annual rate. The terms of the loan require you to make 12 equal end- $3
4528 P5–2 Return calculations  For each of the investments shown in the following table, calculate the rate of return $3
4527 The accounts in the ledger are listed below. All accounts have normal balances. Prepare a trial balance and provide the $3
4526 Constant-Growth Model. Here are data on two stocks, both of which have discount rates of 15 percent   Q-20 Consta $6
4525 9.  Payments required. You need $28,974 at the end of 10 years, and your only investment outlet is an 8 percent lon $4
4524 15-4 Biltmore Industries has grown at an average of 6% per year over its long history.  Its stock price is currentl $3
4523 BYP8-6 National products corporation participates in a highly competitive industry       BYP $4
4522 1.What is NPV of a project that requires initial investment of $76,000 and produces net cash flows of $22,000 pr yr for $6
4521 The Sutcliff Manufacturing Company manufactures a product called Zyklon. Each unit of Zyklon requires two pounds of Zins $2.5
4520 P5–1 Rate of return. Douglas Keel, a financial analyst for Orange Industries, wishes to estimate the rate of return for $3
4519 Listed below are nine technical accounting terms introduced or emphasized in this week’s reading assignment: Product co $5
4518 Q8-3 Southwest Airlines offers four flights per weekday from Cleveland, Ohio, to Tucson, Arizona.  Adding a fifth f $3
4517 p12-7 New project analysis. You must evaluate a proposal to buy a new milling machine. The base price  is $108,000, $7
4516 15-2 Richard Ingram just bought 1,000 shares of Sisson Electronics at $40 per share.  He plans to   15-2. Ri $6
4515 BYP7-2 Bedner & Flott Inc. manufactures ergonomic devices for computer users.  Some of their more popular produ $5
4514 What is free cash flow? Why is it important? What are the five uses of FCF? $3
4513 20.2 (Incremental Analysis: Accepting a Special Order) Sutherland manufactures and sells 110,000 laser printers each mo $6
4512 P4-18 Kasper Corporation acquired controlling interest over Timmin Company on January 1, 20X7, and a consolidated balanc $7
4511 P3-1 Journal Entries, posting and Trail Balance The account balances of the Anil Company on November 1,2007 are as follo $6
4510 Q 9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals  to maintain the $3
4509 You just won the state lottery.  The state gives you the choice of $900,000 today or a 25-year annuity of $92,000, $3
4508 15. 3 Randal Flapjack is a retired short-order cook living on a fixed income in the state of Utopia   Tailoring t $5
4507 BYP3-1 The financial statements of Tootsie roll in Appendix A at the back   BYP3-1 Tootsie roll in Appendix A &n $5
4506 What is an auditor’s opinion? $1
4505 Swagg Jewelry Corporation manufactures custom jewelry. In the past, Swagg has been using a traditional overhead allocati $6
4504 ACC 440 WEEK4 P4-18 – Incomplete Data with Purchase Differential. Kasper Corporation   P4-18 Incomplete Data with $6
4503 Time Warner Inc. was carrying $9,678 million in debt on its books at the end of 1992, largely as a consequence of Warn $8
4502 On January 1, 2008, Muske Trucking Company leased a semitractor and trailer for five years. Problem 10- 5 Financial Sta $8
4501 Cost of Capital Assume that the risk-free rate increases.  What impact would this have on the cost of debt?  W $3
4500 For the coming year, Swain Company estimates fixed costs at $50,000 and variable costs at 60% of sales.  The sellin $5
4499 Problem 4-2. Write journal entries for the following transactions that occurred at Woodside Company during May and expla $7
4498 15- 7Segwick Petroleum Ltd. has a dividend reinvestment plan in which new stock is issued to participating investors.&nb $1
4497 BYP2-9 A May 20, 2002, Business Weekly story by Stanley Holmes and Mike ANSWER KEY   BYP2-9 Business Weekly story $5
4496 You just graduated, and you plan to work for 10 years and then to leave for the Australian “Outback” bush country. You f $3.5
4495 Plantwide rates  The ABC Company assigns overhead using a plantwide rate.  Total overhead for the plant is est $10
4494 7.27     In order to fund her retirement, Glenda requires a portfolio with an expected return of 12 $5
4493 .20   Portfolios with more than one asset: Given the returns and probabilities for the three possible states l $7
4492 7.15     Calculating the variance and standard deviation: Kate recently invested in real estate with $5
4491 7.3       Expected returns: You have chosen biology as your college major because you woul $5
4490 Session V Homework 7.3, 7.15, 7.20, 7.20, 7.27   7.3       Expected returns: You h $10
4489 What document is not prepared by sales department? A.      packing slip B.  &n $4
4488 Swannee Resorts is considering a new project whose data are shown below. The equipment that would be used has a 3-year t $5
4487 P3-1A MASASI COMPANY, INC. Trial Balance June 30, 2008 Account Number Debit Credit 101 Cash $ 7,150 112 Accounts Recei $12
4486 11. Referring to the Cranberry Company of the previous problem   Practical Financial Management  By William $4
4485 BYP1-7 Diane Wynne is the bookkeeper for Bates Company, Inc.  Diane has been trying to get the company's balance sh $6
4484 BYP1-7 Diane Wynne is the bookkeeper for Bates Company, Inc.  Diane has been trying to get the company's balance sh $4.5
4483 You just deposited $2,500 in a bank account that pays a 12% nominal interest rate, compounded quarterly.  If you al $4
4482 You just deposited $2,500 in a bank account that pays a 12% nominal interest rate, compounded quarterly.  If you al $4
4481 Thatcher Corporation’s bonds will mature in 10 years.  The bonds have a face value of $1,000 and an 8% coupon rate, $3.5
4480 SESSION IV Homework 5.1, 5.30,  6.18, 6.22,  Future value: Chuck Tomkovick is planning to invest $25 $10
4479 MULTIPLE CHOICE.  Choose the one alternative that best completes the statement or answers the question.   1) $15
4478 What are the two principal components of stockholders equity? $3
4477 Swimm Company allocates materials handling cost to the company’s two products using the below data:   & $2
4476 P2-2A Jane Kent, Inc Appendix C Journalizing, Posting, and Preparing a Trial Balance Journalizing the Transactions U $10
4475 5.1 The Argo Pamphlet Company’s dividend payout ratio is 35%.  It is currently paying an annual dividend of $1.30. $4
4474 9-5A Lewis Manufacturing Company has four operating divisions. During ANSWER KEY   9-5A Lewis Manufacturing Compa $8
4473 You invest a single amount of $12,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds   8 $3
4472 Thames Inc.'s most recent dividend was $2.40 per share (i.e., D0 = $2.40). The dividend is expected to grow at a rate of $2
4471 Session 3 Homework 4.2, 4.6, 4.8, 4.16.  Liquidity ratios: Flying Penguins Corp. has total current assets of $ $10
4470 What are the limiting assumptions of C-V-P analysis? $5
4469 Swinnerton Clothing Company's balance sheet showed total current assets of $2,250, all of which were required in operati $2
4468 P13-7B  The annual income statements for Peña, Inc., as reported when they were initially published in 2003, 2004, $8
4467 You invest $ 2,500 a year for three years at 8 percent.   Foundations of Financial Management (Book: 12 edition b $3.5
4466 Problem 2–30A Events for Two Complete Accounting Cycles L.O. 2, 5, 6, 8 P2–30A Texas Drilling Company was formed on Ja $15
4465 P4-3A On July 31, 2010, Fenton Company had a cash balance per books of $6,140. The statement from Jackson State Bank on $6
4464 What are the four basic financial statements? $2
4463 Swish Watch Corporation manufactures, sells, and services expensive, ugly watches. The company has been in business for $8
4462 P11-5 The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2009. The accounting de $9
4461 You hold a diversified portfolio consisting of a $5,000 investment in each of 20 different common stocks. The portfolio $8
4460 ACC 225 QS 6-1 Tevin Trader starts a merchandising business on December 1 and enters into three inventory   ACC 2 $6
4459 P3-1A On April 1 Flint Hills Travel Agency Inc. was established. These transactions were completed during the month. &n $9
4458 Exercise 13-6 Sell or Process Further. Wexpro, Inc., produces several products from processing 1 ton of clypton, a $3.5
4457 E9-4  SY Telc has recently started the manufacture of RecRobo, a thee-wheeled robot that can scan a home for fires $6
4456 P 9-5 (gross profit method) On April 15, 2011, fire damaged the office and warehouse of Stanislaw Corporation.   $7
4455 You hold a $1.3 million portfolio made of the following stocks. Stock A Market Value .2 million and Beta 1.5, Stock B Ma $3
4454 Teton Equipment Company had credit sales of $6 million during 20X7. Most customers paid promptly (within 30 days). &nb $7
4453 E1-3 The Long Run Golf & Country Club details the following accounts in its financial statements.  a) Classify $5
4452 Westminster Company has had the following experience over the past five quarters:   Units produced  &nb $5
4451 Modified internal rate of return (MIRR): Sycamore Home Furnishings is looking to acquire a new machine that can create c $3
4450 Uyeno Electronic Company manufactures a variety of electronic components. In May 2006, the company received an invitatio $6
4449 You have some money in savings which pays a nominal rate of 8.0944% with interestcompounded daily (365 days).  You $2
4448 P 14-1. The following amortization and interest schedule reflects the issuance of 10-year bonds by Terrel Brandon Corpor $6
4447 P1-3A On June 1 Eckersley Service Co. was started with an initial investment in the company of $26,200 cash.  Here $9
4446 The accounts from the stockholders’ equity section of the balance sheet of Western Company showed the following at Decem $6
4445 10 B5. (Cash flows and NPV for a new project) Syracuse Roadbuilding Company is considering the purchase of a new tandem $7
4444 Practice Exercise 21-1 Inventory Turnover Using the following annual information, calculate inventory turnover for (1) $4
4443 You have recently been hired to improve the performance of Multiplex Corporation which has been experiencing a severe ca $3
4442 Terminator Bug Company bonds have a 14% coupon rate. Interest is paid semi-annually. The bonds have a par value $1,000 a $3
4441 E4-3 The following control procedures are used in Falk Company for over-the-counter cash receipts. 1. Cashiers are expe $6
4440 Westcost Air Co. leases a single jet aircraft and operates between San Francisco and the Fiji. Flights leave San Francis $10
4439 E8-19 (FIFo and LIFO Effect) You are vice president of finance of Sandy Alomar Corporation, a retail Company that prepar $6
4438 Using the code letters below, indicate in the space provided how each of the following costs should be classified in the $6
4437 You have invested in a bond that pays semiannual coupon payments of $40 and has a par value of $1,000. The bond matures $1.5
4436 Teledine makes and sells portable televisions.  Each television regularly sells for $210.  The following cost $2.5
4435 E3-14 The bookkeeper for Biggio Corporation made these errors in journalizing and posting. 1. A credit posting of $400 $3.5
4434 Wells Fargo & Company headquartered in San Francisco is one of the nations largest financial institutions. It report $3.5
4433 Sandersen Inc. During the past year the company’s sales were $3 million.  The cost of its merchandise sold came to $3
4432 PART II  Using the below balance sheets, prepare a complete analysis of this firm's financial position for the fi $15
4431 You have been following two firms in the health care industry. You expect the dividend payment of both firms to grow at $2
4430 Technology Plus manufactures private label small electronic products, such as alarm clocks, calculators and stopwatches, $7
4429 E5-16 An analysis of the accounts of Chamberlin Manufacturing reveals the following manufacturing cost data for An analy $5
4428 The following information was gathered for Wellington Company:         Budgeted direct- $4
4427 On December 10 of the current year, Sanchez Corporation determined that equipment has been impaired so that the book val $2
4426 E6-5 (Computation of Present Value) Using the appropriate interest table, compute the present values of the following pe $4
4425 P14-1You have been asked to prepare a brief presentation on the nature and purpose of the auditors opinion for your inve $12
4424 Taylor, Inc. produces only two products, Acdom and Belnom. These account for 60% and 40% of the total sales dollars of T $6
4423 BYP4-9 As noted in the chapter, banks charge fees of up to $30 for "bounced" checks - that is, checks that exceed the ba $6
4422 P12-7A Presented below are the financial statements of Weller Company Weller Company Comparative Balance Sheet Decemb $7
4421  Problem 18-5ALetter Co. produces and sells two products, T and O.  It manufactures these products in separate $10
4420  P18-4A Jetson Company. Jetson Company sold 20,000 units of its only product and incurred a $50,000 loss (ignoring $10
4419 Sanchez Company reported the following operating results for two consecutive years.   2004     $4
4418 UOP FIN 571 5-A5, B19, 6-A1, 7-A5   Chapter 5 *A5. (Yield to maturity) New Jersey Lighting has a 7% coupon bond m $7
4417 You have been asked to assist your friends with some personal financial planning.  Following their current budget t $3
4416 Capital Structure Weights: Taylor Inc. has the following abridged balance sheet: Current Assets = $3,600 Fixed Assets $3
4415 BYP3-1 The financial statements of Tootsie roll in Appendix A at the back of this book contain the following selected ac $6
4414 Weldon Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store’s $7
4413 During the year, Samson Company earned revenues of $228,000 and incurred $196,000 for various operating expenses. There $3
4412 Examine the following book-value balance sheet for University Products, Inc. What is the capital structure of the firm o $6
4411 You have $2,500 that you want to use to open a savings account. You have found five different accounts that are acceptab $7
4410 Tapley Inc. recently hired you as a consultant to estimate the company’s WACC.  You have obtained the following inf $2.5
4409 BYP2-9 A May 20, 2002, Business Weekly story by Stanley Holmes and Mike France entitled "Boeing's Secret" discusses issu $6
4408 What are the characteristics of accounting information? $5
4407 The following are the year-end balances of Salter Corporation for 2006 and 2007:       &n $5
4406 University Books Company provided the following data:  Target capital structure:  50% debt, 0% preferred, $2
4405 You expect your newly born child to attend college in 18 years. You have $12,000 to set aside for that purpose. You also $1
4404 Tapley Inc. currently has assets of $5 million, zero debt, is in the 40% federal-plus-state tax bracket, has a net incom $6
4402 BYP1-7 Diane Wynne is the bookkeeper for Bates Company, Inc.  Diane has been trying to get the company's balance sh $10
4401 You expect a stock to pay a dividend of $1.59 and be priced at $38 in 1 year. a. What is the stock's price today, as $2
4400 Tapley Dental Associates is considering a project that has the following cash flow data. What is the project's payback? $3
4399 When the market rate of interest was 11%, Welch Corporation issued $100,000, 8%, 10-year bonds that pay interest semiann $2
4398 Salisbury, Inc. paid a $3.75 dividend last year. At a growth rate of 6 percent, what is the value of the common stock if $2
4397 Unit 9 5And 6[1] Tapley Inc. currently has assets of $5 million, zero debt, is in the 40% federal-plus-state tax bracket $6
4396 P2-4A Comparative financial statement data for Bedene Corporation and Groneman Corporation appear below.  All balan $7
4395 You can sign a contract which pays you 2.5m the first year and annual increases of 2.5m for the next three years.  $6
4394 Tanzy Company's ending inventory includes the following items. Compute the lower of cost or market for ending inventor $4
4393 16 Welch Company prepares monthly financial statements. Below are listed some selected accounts and their balances in th $3
4392 UNIT 8 Finance Quiz. 10 finance questions   1.  Blanchford Enterprises is considering a project that has the $15
4391 23 Salinas Corporation has a degree of operating leverage of 8. This means that a 1% change in sales dollars at Salinas $1.5
4390 You buy a very risky bond that promises a 12% coupon and return of the $1000 principle in 5 years. You pay only $500 for $5
4389 20-8 Lease analysis as part of its overall plant modernization and cost reduction program, the management of Tanner-Wood $10
4388 P03-04 The following is a December 31, 2009, post-closing trail balance for the Weismuller Publishing Company.   $8
4387 UNIT 7 Wagner Inc estimates that its average-risk projects have a WACC of 10%, its below-average risk projects have a WA $2
4386 Managerial Accounting: The following sales budget has been prepared: Month\Cash Sales\Credit Sales September\$100,000 $3
4385 You buy a new piece of equipment for $11,778, and you receive a cash inflow of $2,000 per year for 10 years. What is the $2
4384 Tanner Co. is a highly successful supplier of leather to manufacturers of leather goods.  Tanner is considering exp $5
4383 Weisman Electronics just paid a $1,00 dividend, the market yield is yielding 10%, the risk free rate is 4% and Weisman b $3.5
4382 UNIT 7 University Books Company provided the following data:  Target capital structure:  50% debt, 0% pre $2
4381 Data concerning three of the activity cost pools of Salcido LLC, a legal firm have been provided below: Activit $2
4380 You bought 100 shares of stock at $20 each. At the end of the year, you received a total of $400 in dividends, and your $1.5
4379 Exercise 5-43  Make or buy Tanner Appliance Company manufacturers 12,000 units of part M-4 annually. The part is us $6
4378 Exercise 3-5: Computing equivalent units of production—Weighted average L.O. C2, P4During April, the production departme $5
4377 Exercise 3-5: Computing equivalent units of production—Weighted average L.O. C2, P4During April, the production departme $5
4376 UNIT 7 The Nunnally Company has equal amounts of low-risk, average-risk, and high-risk projects.  Nunnally estimate $3
4375 Chapter 12 PR 12-4B Accountings for partnerships and limited liability companies   Sadhil Rao and Lauren sails ha $6
4374 You borrowed $10,000 today and $10,000 one year from today at a 10% annual interest rate. Yu have promised to repay the $5
4373 Tango Company manufactures staplers and currently is operating at 70% of its capacity of 100,000 units.  It has rec $3.5
4372 A firm’s current balance sheet is as follows: Assets $100 Debt $10 Equity $90 a. What is the firm’s weighted-avera $7
4371 UNIT 7 Tapley Inc. recently hired you as a consultant to estimate the company’s WACC.  You have obtained the follow $3
4370 CHAPTER 12  S CORPORATIONS. MULTIPLE CHOICE   1.         During 2006 $12
4369 UNIT 7 Patton Paints Corporation has a target capital structure of 40 percent debt and 60 percent common equity, with no $4
4368 UNIT 7 Patton Paints Corporation has a target capital structure of 40 percent debt and 60 percent common equity, with no $4
4367 You borrow $149,000 to buy a house. The mortgage rate is 7.5% and the loan period is 30 years. Payments are made monthly $4
4366 P11-2A Journalize and post note transactions; show balance sheet presentation. (SO 2)   The following are selec $9
4365 Weighted Average Cost of Capital. The treasurer at Purler, Inc. is estimating the company's weighted average cost of cap $6
4364 Vulcan College School of Business is divided into three departments, accounting marketing, and management. Relevant info $8
4363 UNIT 7 MT 217 Corporation provided the following data:  Target capital structure:  30% debt, 20% prefer $2.5
4362 You are trying to price two bonds that have the same maturity and par value but different coupon rates and different req $4
4361 Taguchi Manufacturing Co. uses the process cost system. The following information for the month of December was obtained $10
4360 P/E Ratios. Web Cites Research projects a rate of return of 20 percent on new projects. Management plans to plow back 30 $5
4359 Chapter 13-6.  Voting for Directors. If there are 10 directors to be elected and a shareholder owns 100 shares, ind $2
4358 UNIT 7 Keys Company. Finance quiz unit 7 Unit 7 Finance   Finance 300   You were hired as a consultant $3
4357 You are the CEO of Value-Added Industries, Inc. (VAI). Your firm has 10,000 shares of common stock outstanding, and the $7
4356 T Company has NOPAT (Net Operating Profit After Tax) of $750,000. the company's cost of capital is 18% and its invested $1.5
4355 We are to prepare a classified balance sheet from a listing of accounts provided.  In the listing there is a "bonds $3
4354 E7-1  Vosser Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculato $3
4353 Finance 300  Finance quiz unit 7   Fundamentals of Financial Management   UNIT 7 Haverford Compan $2
4352 You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for rece $4
4351 The following T accounts summarize the flow of manufacturing costs during the current year Materials Inventory Through t $7
4350 Waxman Corporation the following bond issue during 2002.   Issued $6,000,000 of 9.9 percent, ten-year bonds dated $7
4349 Vigo Vacations has an equity multiplier of 2.5. The company’s assets are financed with some combination of long-term deb $2
4348 UNIT 7 Finance assignment. 10 finance questions   1.  You were hired as a consultant to Keys Company, and yo $15
4347 You are responsible for keeping track of the going concern values for your firm's securities.  You have accumulated $10
4346 X-treme Vitamin Company is considering two investments, both of which cost $10,000. The cash flows are as follows: &nbs $9
4345 Waxman Corporation issued bonds twice during 20x2.  A summary of the transactions involving the bonds follows. &nb $6
4344 Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of $2
4343 Unit 6 Assignment 10 Finance questions   Magee Company's stock has a beta of 1.20, the risk-free rate is 4.50%, a $15
4342 You are managing a portfolio of $1 million. Your target duration is 10 years, and you can choose urn two bonds: a zero-c $5
4341 Accounts officers at Xerox corporation discovered that significant errors have been made in the valuation of inventory a $5
4340 Water Park, Inc., a midstate Texas recreation facility, is L = 27% debt financed. It pays corporate taxes at the rate of $5
4339 Case 7-25 (Appendix 7A) Comprehensive Activity-Based Costing Case. Victorian window is a small company that builds speci $20
4338 Unit 4: Fixed Assets and Intangible Assets – Review   1.         Which of $10
4337 You are interested in determining the cost of capital for Hewlett-Packard Company. The company is financed with $96 bill $5
4336 Net revenues, net income, and common stockholders’ equity for xCel Corporation, a manufacturer of contact lenses, for a $6
4335 Given the following data, prepare an income statement and balance sheet for calendar 2007 in as much detail as possible $8
4334 On June 30, 2006, Victor Co’s total current assets were $160,000 and its current liabilities were $100,000.  On Jul $5
4333 Unit 3 analyzing Financial statements quiz. 10 questions  . Unit 3 Finance   1. Superior Medical System's $15
4332 You are interested in investing in a new mixing console. It costs $120,000. The bank will finance 80% of the purchase at $3
4331 XACC 280 Briscoe Company   Preparing a Financial Statement Worksheet   Complete the 10-column worksh $5
4330 Warr Corporation just paid a dividend of $1.60 a share. The dividend is expected to grow 6% a year for the next 3 years $3
4329 Vernon Company had a beginning work-in-process inventory of 20,000 units on June 1. These units contained $60,000 of dir $7
4328 Q8 (a) The common stock of Veritas Ltd. is currently trading at $ 48 on the TSX.   You also know the following in $3
4327 Unit  5: Current Liabilities and Payroll – Review   1. The interest charged by the bank, at the rate of 6%, $9
4326 5-24B. present value of an uneven stream of payments. You are given three investment alternatives to analyze. The cash f $4
4325 XACC 280 Appendix G Julie's Maid Cleaning Service, Inc.   Comprehensive Problem   Journalize Transactions $15
4324 Prepare a balance sheet and income statement for the Warner Company from the following scrambled list of items.   $7
4323 VCI's investment into the project would be 150,000. They estimate the total market for the film to be  100,000 unit $3
4322 Union Company share are currently selling for $25 each. You bought 200 shares one year ago at $24 and received divi $2
4321 You are examining three bonds with a par value of $1,000. All three bonds have a 10 percent annual coupon rate, with int $6
4320 xacc 280 Appendix D Masasi Company, Inc.   Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance & $3
4319 Wall Company incurred $30,000 of fixed cost and $40,000 of variable cost when 2,000 units of product were made and sold. $1.5
4318 On December 31 of last year, the balance sheet of Vaslor Company had Accounts Receivable of $298,000 and a credit balanc $10
4317 Unearned rent at 1/1 06 was 5300 and at 12/31/06 was 6000. The record indicates cash receipt from rental sources during $5
4316 Capital Budgeting. You are evaluating the purchase of new radiology equipment. The base price of this essential equipmen $7
4315 Xacc 280 Appendix E Thomas Magnum P.I., Inc.   Complete the 10-column worksheet for Thomas Magnum P.I., Inc.&nb $7
4314 Wall Company incurred $30,000 of fixed cost and $40,000 of variable cost when 2,000 units of product were made and sold. $2
4313 Varilux manufactures a single product and sells it for $10 per unit.   At the beginning of the year there were $6
4312 You are considering an investment in a project with a life of eight years, an initial outlay $120,000, and annual after- $6
4311 XACC 280 Exercise 5-16 This information relates to Martinez Co.   Exercise 5-16 This information relates to Marti $3.5
4310 Waldron Company manufactures a single product that it sells for $20.00. The variable costs to manufacture one unit are a $6
4309 Unadjusted balances for selected accounts at year end were as follows: Account Debit Credit Accounts $4
4308 Valuation Using Free Cash Flow. The following free cash flows (in $ Million) are projected for the next five years. The $2
4307 YIELD TO CALL-YTC Company ZZZ has bonds that currently sell for $1,150 – with a par value of $1,000. They pay an annual $3
4306 E4-2 E4-3 E4-4 The adjusted trial balance columns of the worksheet for Goode Company are as follows.   GOODE COMP $10
4305 If demand is 10,000 units, cost of carry is $2 per unit, and cost of placing an order is $100, what is the EOQ? $5
4304 During June, Bezold Corporation produced 12,000 units and sold them for $20 per unit. Total fixed costs for the period w $3
4303 Goliath Company had the following account balances: Sales Revenue, $150,000; Sales Returns and Allowances, $3,000; Sales $3.5
4302 During the year, Samson Company earned revenues of $228,000 and incurred $196,000 for various operating expenses. There $2.5
4301 If a firm's beginning inventory is $70,000, goods purchased during the period cost $260,000, and the cost of goods sold $2
4300 During 2005, the Latrex Corporation had cash and credit sales of $47,000 and $45,500 respectively. The company also coll $1.5
4299 Wagner Inc. had a beginning cash balance of $14,000 on January 1, 2005. During January, the company recorded debits of $ $1
4298 E5-5 (Preparation of a Corrected Balance Sheet) Uhura Company has decided to expand its operations. The bookkeeper recen $8
4297 9-6 Prepare journal entries to record the transactions. The shareholder's equity section of Valade Corp's balance sheet $9
4296 9-6 Prepare journal entries to record the transactions. The shareholder's equity section of Valade Corp's balance sheet $10
4295 9-6 Prepare journal entries to record the transactions. The shareholder's equity section of Valade Corp's balance sheet $10
4294 E2−9 Prepare a cost of goods manufactured schedule and partial financial statements. (SO 2, 5)   At May 3 $6
4293 C Company has fixed costs of $689,698. Selling price per unit is $156 and variable cost per unit is $22.   &n $6
4292 T Company has NOPAT (Net Operating Profit After Tax) of $750,000. the company's cost of capital is 18% and its invested $2
4291 R Company requires four units of R2 for every unit of D2 that it produces. Currently R2 is made by "R" Company, with the $4
4290 "X" Company started in production operations on July 1. During July, the silk-screening department completed 15,600 unit $6
4289 Wagner Inc estimates that its average-risk projects have a WACC of 10%, its below-average risk projects have a WACC of 8 $2
4288 P2-11 Given the following financial statements, historical ratios, and industry averages, calculate the UG Company’s fin $12
4287 P19-31B Vacation Homes manujfactures prefabricated chalets in Utah.  The company uses a job order costing system in $10
4286 You are considering the purchase of a bond with a semiannual coupon of $40, Ten years to maturity, a face value of $4
4285 You are considering the purchase of an investment that would pay you $10,000 per year for Years 1-5, $6,000 per yea $4
4284 You are considering buying a new car. The sticker price is $15,000 and you have $2,000 to put toward a down payment. If $2.5
4283 You are considering an investment in a project with a life of eight years, an initial outlay $120,000, and annual after- $6
4282 You are considering adding a new product to your firm's existing product line. It should cause a 15 percent increase in $4
4281 You are buying your first house for $230,000, and are paying $30,000 as a down payment.  You have arranged to finan $3
4280 You are buying your first house for $220,000, and are paying $30,000 as a down payment. You have arranged to finance the $3
4279 You are an investor in common stock and currently hold a well-diversified portfolio which has an expected return of 12 p $1.5
4278 You are a member of the capital investment review committee where you work. Here is a summary of the cash flows for a pr $8
4277 15.12A You are a hard working analyst in the office of financial operations for a manufacturing firm that produces a sin $6
4276 You are 30 years old and want to retire at 55. However, you do not want to start withdrawing your retirement accounts an $6
4275 Case 18-2 Cost and Qualitative Factors in Capital Investment Decisions Yoshika Landscaping is contemplating purchasing $8
4274 Zion Corporation manufactures water skis through two processes: Molding and Packaging. In the Molding Department fibergl $7
4273 A zero coupon bond outstanding that sells for $242.60 and has 15 years to maturity. What is the yield to maturity on the $2.5
4272 Zanetti Corporation produces and sells a single product. Data concerning that product appear below: Selling price per $4
4271 Zachary's Bike Shop sells two products. Sales and contribution margin ratios for the two products follow: Product A $1 $2.5
4270 Your aunt offers you a choice of $60,000 in 40 years or $850 today. If money is discounted at 11 percent, which should y $3
4269 See this $10
4268 Refer to Problem 2–3 and complete the following steps:         1. Enter the unadju $12
4267 Pastina Company manufactures and sells various types of pasta to grocery chains as private label brands. The company's f $5
4266 The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2010. The $10
4265 You are spending the summer working for a local wholesale furniture company, Samson Furniture, Inc. The company is consi $6
4264 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexin $5
4263 El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of each $12
4262 The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2011, balance of $14, $9
4261 Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2011, year-end balance sheet:   $8
4260 Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, t $10
4259 Evergreen Company sells lawn and garden products to wholesalers. The company's fiscal year-end is December 31. During 20 $12
4258 Samson Wholesale Beverage Company regularly factors its accounts receivable with the Milpitas Finance Company. On April $3
4257 Lonergan Company occasionally uses its accounts receivable to obtain immediate cash. At the end of June 2011, the compan $7
4256 Cypress Oil Company's December 31, 2011, balance sheet listed $645,000 of notes receivable and $16,000 of interest recei $5
4255 Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is $12
4254 Amdahl Corporation manufactures large-scale, high performance computer systems. In a recent annual report, the balance s $6
4253 Swathmore Clothing Corporation grants its customers 30 days' credit. The company uses the allowance method for its unc $9
4252 Determine the response that best completes the following statements or questions.   1. The primary objective of $5
4251 Listed below are the basic assumptions, broad accounting principles, and constraints discussed in this chapter.   $3
4250 For each of the following situations, state whether you agree or disagree with the financial reporting practice employed $3
4249 For each of the following situations, indicate whether you agree or disagree with the financial reporting practice emplo $2.5
4248 Identify the basic assumption or broad accounting principle that was violated in each of the following situations. &nb $3
4247 Listed below are several statements that relate to financial accounting and reporting. Identify the basic assumption, br $3
4246 Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constrain $4
4245 Listed below are several terms and phrases associated with the FASB's conceptual framework. Pair each item from List A ( $8
4244 For each of the items listed below, identify the appropriate financial statement element or elements.   1. Obliga $3
4243 Three groups that participate in the process of establishing GAAP are users, preparers, and auditors. These groups are r $1.5
4242 Listed below are several transactions that took place during the second two years of operations for RPG Consulting. &nb $4
4241 Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, $5
4240 Research Case 1-4 Accessing IASB information through the Internet. The purpose of this case is to introduce you to the i $4
4239 Research Case 1-3 Accessing FASB information through the Internet. The purpose of this case is to introduce you to the i $4
4238 Real World Case 1-15 Elements; disclosures; The GAP. Selected financial statements from a recent annual report of The GA $6
4237 Judgment Case 1-14 Capitalize or expense?. When a company makes an expenditure that is neither a payment to a creditor n $3
4236 Judgment Case 1-12 The realization principle. A new client, the Wolf Company, asks your advice concerning the point in t $3
4235 Judgment Case 1-11 Cost effectiveness. Phase A of the joint FASB and IASB conceptual framework project includes a discus $2.5
4234 Judgment Case 1-10 GAAP, comparability, and the role of the auditor.  Mary McQuire is trying to decide how to inves $3
4233 Judgment Case 1-9 Qualitative characteristics. Generally accepted accounting principles do not require companies to disc $2.5
4232 Judgment Case 1-1 The development of accounting standards. In 1934, Congress created the Securities and Exchange Commiss $5
4231 Ethics Case 1-8 The auditors' responsibility. It is the responsibility of management to apply accounting standards when $7
4230 Ethics Case 1-8 The auditors' responsibility. It is the responsibility of management to apply accounting standards when $7
4229 Analysis Case 7-8 Financial institutions have developed a wide variety of methods for companies to use their receivables $7
4228 BE 12-3 S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2011, S&a $5
4227 S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December $4
4226 Management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 4% $3
4225 Real World Case - 12-7, Merck's Investments, and answer the following: Corporations frequently invest in securities &n $7
4224 On January 1, 2011, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $150,000. The Cortland bonds $9
4223 P 12-14    Classifying investments. Indicate (by letter) the way each of the investments listed below mos $5
4222 On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company's 6 million outstanding co $7
4221 Northwest Paperboard Company, a paper and allied products manufacturer, was seeking to gain a foothold in Canada. Toward $9
4220 P 12-11    Fair value option; equity method investments .  Companies can choose the fair valu $12
4219 [This problem is a variation of Problem 12-9 focusing on the fair value option.]   On January 4, 2011, Runyan Ba $5
4218 On January 4, 2011, Runyan Bakery paid $324 million for 10 million shares of Lavery Labeling Company common stock. The $8
4217 At December 31, 2011, the investments in securities available-for-sale of Beale Developments were reported at $78 millio $7
4216 P 12-7 Amalgamated General Corporation is a consulting firm that also offers financial services through its credit div $10
4215 American Surety and Fidelity buys and sells securities expecting to earn profits on short-term differences in price. F $10
4214 The following selected transactions relate to investment activities of Ornamental Insulation Corporation. The company $10
4213 [This problem is a variation of Problem 12-3, modified to cause the investment to be accounted for under the fair value $7
4212 (Note: This problem is a variation of Problem 12-1, modified to categorize the investment as securities available-for- $7
4211 [This problem is a variation of Problem 12-1, modified to categorize the investment as trading securities.]   Fuz $6
4210 Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on Janu $6
4209 Weltin Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's $10
4208 The following information is available on Company A: Sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ $4
4207 The management of Sharrar Corporation would like to investigate the possibility of basing its predetermined overhead rat $6
4206 Nordstrand Company’s net income last year was $36,000. Changes in selected balance sheet accounts for the year appear be $4
4205 Jatry Corporation’s budgeted sales are $300,000, its budgeted variable expenses are $210,000, and its budgeted fixed exp $2
4203 The following inventory transactions took place near December 31, 2011, the end of the Rasul Company's fiscal year-end: $5
4202 James Company began the month of October with inventory of $15,000. The following inventory transactions occurred duri $10
4201 In November 2011, the Brunswick Company signed two purchase commitments. The first commitment requires Brunswick to pu $7
4200 P 9-15 Integrating problem; Chapters 8 and 9; inventory errors. The internal audit department discovered the following i $7
4199 The December 31, 2011, inventory of Tog Company, based on a physical count, was determined to be $450,000. Included in $6
4198 You have been hired as the new controller for the Ralston Company. Shortly after joining the company in 2011, you disc $7
4197 Rockwell Corporation uses a periodic inventory system and has used the FIFO cost method since inception of the company $6
4196 On January 1, 2011, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and r $12
4195 Raleigh Department Store converted from the conventional retail method to the LIFO retail method on January 1, 2009, and $9
4194 On January 1, 2011, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at bo $9
4193 Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2011, the records indicate the $6
4192 Early in its fiscal year ending December 31, 2011, San Antonio Outfitters finalized plans to expand operations. The fi $10
4191 In 2011, Starsearch Corporation began work on three research and development projects. One of the projects was complet $6
4190 This is a variation of the previous problem, modified to focus on the weighted-average interest method.] Refer to the $8
4189 On January 1, 2011, the Mason Manufacturing Company began construction of a building to be used as its office headquar $8
4188 Case A. Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $12,000 (original $10
4187 On September 3, 2011, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as $4
4186 Southern Company owns a building that it leases. The building's fair value is $1,400,000 and its book value is $800,00 $5
4185 P 10-5 Acquisition costs; journal entries. Consider each of the transactions below. All of the expenditures were made $9
4184 The Horstmeyer Corporation commenced operations early in 2011. A number of expenditures were made during 2011 that were $6
4183 The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 31 $9
4182 On January 1, 2011, the Blackstone Corporation purchased a tract of land (site number 11) with a building for $600,000. $7
4181 Tristar Production Company began operations on September 1, 2011. Listed below are a number of transactions that occurr $10
4180 Listed below are several statements that relate to financial accounting and reporting. Identify the basic assumption, $3
4179 Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constra $5
4178 Listed below are several terms and phrases associated with the FASB's conceptual framework. Pair each item from List A $6
4177 For each of the items listed below, identify the appropriate financial statement element or elements. 1. Oblig $3
4176 Three groups that participate in the process of establishing GAAP are users, preparers, and auditors. These groups $3
4175 Listed below are several transactions that took place during the second two years of operations for RPG Consulting. $5
4174 Listed below are several transactions that took place during the first two years of operations for the law firm of Pet $6
4173 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, index $7
4172 El Gato Painting Company maintains a checking account at American Bank. Bank statements are prepared at the end of eac $9
4171 The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2011, balance of $1 $9
4170 Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2011, year-end balance sheet: $10
4169 Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In Descript $10
4168 Evergreen Company sells lawn and garden products to wholesalers. The company's fiscal year-end is December 31. During $10
4167 Samson Wholesale Beverage Company regularly factors its accounts receivable with the Milpitas Finance Company. On Apri $3
4166 Lonergan Company occasionally uses its accounts receivable to obtain immediate cash. At the end of June 2011, the comp $7
4165 Cypress Oil Company's December 31, 2011, balance sheet listed $645,000 of notes receivable and $16,000 of interest rec $7
4164 Cypress Oil Company's December 31, 2011, balance sheet listed $645,000 of notes receivable and $16,000 of interest rec $7
4163 Cypress Oil Company's December 31, 2011, balance sheet listed $645,000 of notes receivable and $16,000 of interest rec $7
4162 Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense i $12
4161 Swathmore Clothing Corporation grants its customers 30 days' credit. The company uses the allowance method for its unc $9
4160 Amdahl Corporation manufactures large-scale, high performance computer systems. In a recent annual report, the balance $7
4159 Ethics Case 7-4 You have recently been hired as the assistant controller for Stanton Industries, a large, publicly $8
4158 Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement alon $6
4157 Jansen Company's general ledger showed a checking account balance of $23,820 at the end of May 2011. The May 31 cash r $4
4156 Petty cash. The petty cash fund of Ricco's Automotive contained the following items at the end of September 2011: $1.5
4155 The current asset section of the Moorcroft Outboard Motor Company's balance sheet reported the following amounts:   $3
4154 The current asset section of the Moorcroft Outboard Motor Company's balance sheet reported the following amounts: $3
4153 Microsoft Corporation reported the following information in its financial statements for three successive quarters duri $4
4152 Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that $10
4151 Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables t $10
4150 Listed below are several terms and phrases associated with cash and receivables. Pair each item from List A (by le $5
4149 Selkirk Company obtained a $15,000 note receivable from a customer on January 1, 2011. The note, along with interest a $7
4148 [This is a variation of Exercise 7-17 modified to focus on factoring with recourse under IFRS.] Mountain High Ice C $2
4147 [This is a variation of Exercise 7-16 modified to focus on factoring with recourse.] Mountain High Ice Cream C $1.5
4146 Mountain High Ice Cream Company transferred $60,000 of accounts receivable to the Prudential Bank. The transfer was ma $1.5
4145 On June 30, 2011, the High Five Surfboard Company had outstanding accounts receivable of $600,000. On July 1, 2011, $2
4144 On January 1, 2011, the Apex Company exchanged some shares of common stock it had been holding as an investment for a $5
4143 E 7-13 Esquire Company [This is a variation of Exercise 7-12 modified to focus on a noninterest-bearing note.] O $5
4142 Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had $3
4141 Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2011, accounts receivable totaled $6 $6
4140 Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery a $4
4139 [This is a variation of Exercise 7-5 modified to focus on the net method of accounting for cash discounts.] Harwell $5
4138  Harwell Company manufactures automobile tires. On July 15, 2011, the company sold 1,000 tires to the Nixon Car C $4
4137 Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2011. The unit $7
4136 Delta Automotive Corporation has the following assets listed in its 12/31/11 trial balance:    & $3
4135 The controller of the Red Wing Corporation is in the process of preparing the company's 2011 financial statements. She $5
4134 On July 1, Orcas Lab issued a $100,000, 12%, 8-month note. Interest is payable at maturity. What is the amount of inte $3
4133 Refer to the financial statements and related disclosure notes of Dell located in the company's 2009 annual report inclu $7
4132 On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was discounted at $2.5
4131 Lee Financial Services pays employees monthly. Payroll information is listed below for January 2011, the first month o $4
4130 The Commonwealth of Virginia filed suit in October 2009 against Northern Timber Corporation, seeking civil penalties and $2.5
4129 Woodmier Lawn Products introduced a new line of commercial sprinklers in 2010 that carry a one-year warranty against m $4
4128 Indicate (by letter) the way each of the items listed below should be reported in a balance sheet at December 31, 2011 $7
4127 The following selected transactions relate to contingencies of Classical Tool Makers, Inc., which began operations in Ju $6
4126 Drew-Richards iMusic is a regional music media reseller. As a promotion, it offered $5 cash rebates on specific CDs. Cus $3
4125 The Manda Panda Company uses the allowance method to account for bad debts. At the beginning of 2011, the allowance ac $6
4124 Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, cust $5
4123 E13-11 Current–noncurrent classification of debt; Sprint Corporation   Consider the information presented in E13 $2
4122 E13-10 Current–noncurrent classification of debt; Sprint Corporation. annual report of Sprint Corporation contained a ra $2
4121 E13-9 Gift Cards - CircuitTown commenced a gift card program in January 2011 and sold $10,000 of gift cards in January, $6
4120 E13-8 Various transactions involving advance collections - The following selected transactions relate to liabilities of $3
4119 E13-7 Customer deposits -  Diversified Semiconductors sells perishable electronic components. Some must be shipped $5
4118 E13-6 Customer advances; sales taxes - Bavarian Bar and Grill opened for business in November 2011.   E13-6 Bava $5
4117 E13-5 - Paid future absences - On January 1, 2011, Poplar Fabricators Corporation agreed to grant its employees two week $3
4116 E13-4 Paid future absences - JWS Transport Company’s employees earn vacation time at the rate of 1 hour per 40-hour work $3
4115 E 13-3 Short-term notes - The following selected transactions relate to liabilities of United Insulation Corporation. Un $6
4114 E 13-2 Determining accrued interest in various situations - On July 1, 2011, Ross-Livermore Industries issued nine-month $3
4113 E 13-1 Bank loan; accrued interest -  On November 1, 2011, Quantum Technology, a geothermal energy suppli $3
4112 Real World Case 13–18 - Contingencies - The following is an excerpt from USAToday.com in July 2007: Real World Financial $4
4111 Real World Case 13–13 - Lawsuit settlement; SkillSoft- SkillSoft is a leading provider of content resources and compleme $5
4110 Real World Case 13-2 - Real World Financials - Returnable containers The Zoo Doo Compost Company processes a premium org $7
4109 P13-13 Payroll-related liabilities - Alamar Petroleum Company offers its employees the option of contributing retirement $5
4108 P13-12 - Various liabilities; balance sheet classification; prepare liability section of balance sheet; write footnotes $8
4107 P 13-11 Concepts; terminology - Listed below are several terms and phrases associated with current liabilities. Pair eac $5
4106 P13-10 Subsequent events; classification of debt; loss contingency; financial statement effects - Van Rushing Hunting Go $6
4105 P 13-9 Subsequent events - Lincoln Chemicals became involved in investigations by the U.S. Environmental Protection Agen $5
4104 P 13-8 Expected cash flow approach; product recall - The Heinrich Tire Company recalled a tire in its subcompact line in $7
4103 P 13-7 Various liabilities - HolmesWatson (HW) is considering what the effect would be of reporting its liabilities unde $5
4102 P 13-6 Various contingencies - Eastern Manufacturing is involved with several situations that possibly involve contingen $8
4101 P 13-5 Bonus compensation; algebra - Sometimes compensation packages include bonuses designed to provide performance inc $7
4100 P 13-4 Various liabilities - The unadjusted trial balance of the Manufacturing Equitable at December 31, 2011, the end o $7
4099 P 13-3 Current—noncurrent classification of debt. The balance sheet at December 31, 2011, for Nevada Harvester Corporati $7
4098 P 13-2 Various transactions involving liabilities.  Camden Biotechnology began operations in September 2011. $7
4097 P 13-1 Bank loan; accrued interest.  Blanton Plastics, a household plastic product manufacturer, borrowed $14 $7
4096 BE 13-1 Bank loan; accrued interest. On October 1, Eder Fabrication borrowed $60 million and issued a nine-month, 12% pr $2