Financial Accounting

1. a project will require an initial investment of $300,000 and will return $75,

1. a project will require an initial investment of $300,000 and will return $75,000 each year for eight years. if taxes are ignored and the required rate of return is 9%, what is …

1. a)Why is the Statement of Cash Flows the most useful tool for analyzing highl

1. a)Why is the Statement of Cash Flows the most useful tool for analyzing highly leveraged companies? (b) What is the risk of heavy reliance on external financing for rapid growt…

1. a. Assume the US marginal propensity to consume is.95. How much economic grow

1. a. Assume the US marginal propensity to consume is.95. How much economic growth would a Keynesian economist expect to see after a $15 billion infrastructure spending bill passe…

1. a. Identify the following liabilities as Current (C) or Non-Current (N): a.__

1. a. Identify the following liabilities as Current (C) or Non-Current (N): a.____ Note payable due in 18 months b.____ Wages payable c.____ Legal Liability d.____ Portion of long…

1. a. Steve Hitchcock is 43 years old today and he wishes to accumulate $469,000

1. a. Steve Hitchcock is 43 years old today and he wishes to accumulate $469,000 by his 67th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumula…

1. a. T of F: Investors are an example of an external user (business stakeholder

1. a. T of F: Investors are an example of an external user (business stakeholder) of financial information. (If false, identify and correct the errors.) b. T or F: An employee of …

1. a. The Beta Corporation had 2007 revenues of $200,000,expenses of $140,000, a

1. a. The Beta Corporation had 2007 revenues of $200,000,expenses of $140,000, and an income tax rate of 30percent. Net income after taxes would be b. Atlantic Corporation reporte…

1. a. Who is primarily responsible for the content of the financial statements –

1. a. Who is primarily responsible for the content of the financial statements – the independent auditors, management, or the company’s board of directors? b. In general terms, wh…

1. a50 points Silver Company makes a product that is very popular as a Mother\'s

1. a50 points Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for th…

1. adjustment for accrued fees was omitted at march 31, the end of the current y

1. adjustment for accrued fees was omitted at march 31, the end of the current year. indicate which items will be in error, because of the omiision on (a) the income statement for…

1. at the balance sheet date, a business owes a mortgage note payable of $350,00

1. at the balance sheet date, a business owes a mortgage note payable of $350,000, the terms of which provide for monthly payments of $7,000. explain how the liability should be c…

1. can you please use your own words to tell me what is the difference between c

1. can you please use your own words to tell me what is the difference between capital budgeting screening decisions and capital budgeting preference decisions? 2. use your own wo…

1. consumption is the same type of concept as the monthly deposit. T or F 2. sup

1. consumption is the same type of concept as the monthly deposit. T or F 2. suppose Frances gets a sales bonus at her place of work that gives her an extra $400 of disposable inc…

1. currently bonds with a similar credit rating and maturity as the firm\'s outs

1. currently bonds with a similar credit rating and maturity as the firm's outstanding debt are selling to yield 7.09% while the borrowing firms corporate tax rate is 34%. The aft…

1. determine the amounts of the missing items, identity by letter. 2. prepare Vo

1. determine the amounts of the missing items, identity by letter. 2. prepare Volt company's statement of cost of goods manufactured for December. 3. prepare Volt company's income…

1. determine the manufacturing overhead rate that wold be used if elliot page in

1. determine the manufacturing overhead rate that wold be used if elliot page inc. used the standard costing method 2. Detemine the total amount of overhead allocated to each prod…

1. determine the total dividends and the per share dividends declared on each cl

1. determine the total dividends and the per share dividends declared on each class of stock for each of the six years. there was no dividends in arrears on january 1 2009, summar…

1. distinguish between vision statement and mission statement? 2.discuss the cha

1. distinguish between vision statement and mission statement? 2.discuss the characteristics of a valuable resource? 3.distinguish between concentric diversification strategy and …

1. explain what is wrong with this problem. Find csc ?, given that sin ? = 4/3 2

1. explain what is wrong with this problem. Find csc ?, given that sin ? = 4/3 2. decide whether the following is an identity: tan [ a + ?/2] = -cot A 3. decide whether the follow…

1. explain what is wrong with this problem. Find csc ?, given that sin ? = 4/3 2

1. explain what is wrong with this problem. Find csc ?, given that sin ? = 4/3 2. decide whether the following is an identity: tan [ a + ?/2] = -cot A 3. decide whether the follow…

1. go to www.sec.gov (Links to an external site.)Links to an external site. 2. H

1. go to www.sec.gov (Links to an external site.)Links to an external site. 2. Hover your cursor over "Filings" in the menu bar across the top 3. click on "company filings search"…

1. identify each transaction if its deferred revenue, deferredexpense, accrued r

1. identify each transaction if its deferred revenue, deferredexpense, accrued revenue or accrued expense 2. record adjusting entry like in the chapter for eachtransaction that sh…

1. if assets increase by $80,000 and liabilities decrease by $16,000 ? a. effect

1. if assets increase by $80,000 and liabilities decrease by $16,000 ? a. effect on owners' eguity cannot be determine b. increase must have been $64,000 c. increase must have bee…

1. if the internal rate of return is less than the required rate of return for a

1. if the internal rate of return is less than the required rate of return for a project, then the net present value of that project is positive. True or False? 2. The internal ra…

1. if the margin of safety for abc co. was 25%, fixed costs were 1,200,000 and v

1. if the margin of safety for abc co. was 25%, fixed costs were 1,200,000 and variable costs were 75% of sales, what was the amt of actual sales dollars? 2. currently the unit se…

1. if the marginal cost of seating a theatergoer is $5 an the elasticity of dema

1. if the marginal cost of seating a theatergoer is $5 an the elasticity of demand is -3, the profit maximizing price is? 2. A firm determined that its total cost of production is…

1. in July, 2015, Katie irrevocably donated $200,00 cash to be invested and held

1. in July, 2015, Katie irrevocably donated $200,00 cash to be invested and held in trust by a church. Katie stipulated that the revenue generated from this gift be paid to Katie …

1. in determining diluted earings per share, dividends on nonconvertible cumulat

1. in determining diluted earings per share, dividends on nonconvertible cumulative preferred should be a. disregarded b.added back to net income whether declared or not c. deduct…

1. income taxes to a partnership: Select one: A) are an obilation of the partner

1. income taxes to a partnership: Select one: A) are an obilation of the partnership B) are an obligation to each partner only when cash is recieved C) Are an obligation to each p…

1. journal entries 2. statement of retained earning 3. stockholders equity Alexa

1. journal entries 2. statement of retained earning 3. stockholders equity Alexander Corporation reports the following components of stockholders' equity on December 31, 2015: Com…

1. n 2017, Nina contributes 11 percent of her $126,000 annual salary to her 401(

1. n 2017, Nina contributes 11 percent of her $126,000 annual salary to her 401(k) account. She expects to earn a 10 percent before-tax rate of return. Assuming she leaves this (a…

1. note 2 What depreciation method does American Eagle use? What are the estimat

1. note 2 What depreciation method does American Eagle use? What are the estimated useful lives for buildings leasehold improvements and fixtures and equipment? 2. note 7What are …

1. of the following would be classified as an extraordinary item on the income s

1. of the following would be classified as an extraordinary item on the income statement? MULTIPLE CHOICE a. loss on disposal of a segment of business b. a sale of land c. loss on…

1. ordinary repairs, extraordinary repairs and betterments Explain the differenc

1. ordinary repairs, extraordinary repairs and betterments Explain the difference between ordinary repairs, extraordinary repairs and betterments, be sure to give an example of ea…

1. ordinary repairs, extraordinary repairs and betterments Explain the differenc

1. ordinary repairs, extraordinary repairs and betterments Explain the difference between ordinary repairs, extraordinary repairs and betterments, be sure to give an example of ea…

1. purchase of merchandise inventory 2. Return of merchandise inventory 3. Payme

1. purchase of merchandise inventory 2. Return of merchandise inventory 3. Payment for the inventory 290 PE 6-2B Purchases transactions OBJ. 2 Hoffman Company purchased merchandis…

1. receiving cash on accounts is an example of a transaction the results in chan

1. receiving cash on accounts is an example of a transaction the results in changes to two assets accounts? 2. perpaid expenses is an example of an account that may need to be adj…

1. record 2007 adjusting entry 2. recrord 2007 closing entry st. denis inc kept

1. record 2007 adjusting entry 2. recrord 2007 closing entry st. denis inc kept record without accountant, after mucheffort outside accountant prepared unadjusted trial balance as…

1. record adjusting entry like in the chapter for eachtransaction that should be

1. record adjusting entry like in the chapter for eachtransaction that should be recorded for healds at dec. 31, 2007 -------------------------------------------- Healds variety s…

1. record the entries in a general journal. record the letter in the date column

1. record the entries in a general journal. record the letter in the date column 2. record the balance in allowance for doubtful accounts (account no. 114) 3. Post the appropriate…

1. record the entry for direct materials costs and variances 2. Record the entry

1. record the entry for direct materials costs and variances 2. Record the entry for direct labor costs and variance. 3. Record the entry for variable overhead costs and variances…

1. record the entry related to the september 30 deposit, if required. 2. record

1. record the entry related to the september 30 deposit, if required. 2. record the entry related to interest earned, if required. 3. record the entry related to note the recievab…

1. record the issue of 8000 shares of $10 par value common stock for $96000 cash

1. record the issue of 8000 shares of $10 par value common stock for $96000 cash 2. Record the issue of 4000 shares of no-par common stock to its promoters in exchange for their e…

1. storm Corporation purchased new m@chine on october 31, 2014 A $2.400 down pay

1. storm Corporation purchased new m@chine on october 31, 2014 A $2.400 down payment was made and three monthly installments of $7,200 each are to be made beginning on November 30…

1. the MARR is 15%. Three alternatives are available and the associated cash flo

1. the MARR is 15%. Three alternatives are available and the associated cash flow is as follow: Answer the following in this format: 1.23 The payback period for Alternative A is T…

1. the ___ is the performance of the accord contract 2. whether a defendants bre

1. the ___ is the performance of the accord contract 2. whether a defendants breach in a breach of contract action is intentional or unintentional is irrelevant. this is the plain…

1. the corporation has the following annual data: sales: $700,000 contribution m

1. the corporation has the following annual data: sales: $700,000 contribution margin: $130,000 controllable fixed costs: $50,000 average total operating assets: $2,000,000 how mu…

1. the following data were shown in the records of victoria company at the end o

1. the following data were shown in the records of victoria company at the end of 2010: quick assets $180,000 current assets 225,000 Average net receivables 10,000 average invento…

1. value 10.00 points : O Below are departmental income statements for a guitar

1. value 10.00 points : O Below are departmental income statements for a guitar manufacturer. The manufacturer is considering dropping its electric guitar department since it has …

1. value 10.00 points The management of Kunkel Company is considering the purcha

1. value 10.00 points The management of Kunkel Company is considering the purchase of a $38,000 machine that would reduce operating costs by $8,500 per year. At the end of the mac…