Financial Accounting

A bond is issued at par value when: 1. The bond is not between interest payment

A bond is issued at par value when: 1. The bond is not between interest payment dates. 2. The bond pays no interest. 3. Straight line amortization is used by the company. 4. The m…

A bond is issued at premium when a bond\'s stated interest rate is higher than t

A bond is issued at premium when a bond's stated interest rate is higher than the market interest rate when a bond's stated interest rate is less than the effective interest rate …

A bond listed at 103 on a stock exchange is selling at 103 percentage 0 As par v

A bond listed at 103 on a stock exchange is selling at 103 percentage 0 As par value. True False Operating leases differ from capital leases in that For a capital lease the lessee…

A bond may only be issued on an interest payment date. If the market rate is gre

A bond may only be issued on an interest payment date. If the market rate is greater than the coupon rate, bonds will be sold at a discount. True no-par stock should be carried in…

A bond with 3 years remaining to maturity has an annual coupon rate of 8.5%, and

A bond with 3 years remaining to maturity has an annual coupon rate of 8.5%, and a face value of $1,000. Assume the yield to maturity is 7.00% and answer the questions below. (You…

A bond with a face value of $1,000 has annual coupon payments of $100 and was is

A bond with a face value of $1,000 has annual coupon payments of $100 and was issued 7 years ago. The bond currently sells for a premium and has 8 years left to maturity. This bon…

A bond with a face value of $100,000 was issued for $93,500 on January 1 of this

A bond with a face value of $100,000 was issued for $93,500 on January 1 of this year. The stated rate of interest was 8 percent and the market rate of interest was 10 percent whe…

A bond: Maturity: 15 years from now, face value: $1000, coupon: $0, bond price:

A bond: Maturity: 15 years from now, face value: $1000, coupon: $0, bond price: $500. A personal income tax is defined as a tax on an income flow. In contrast, a capital gains tax…

A book publisher has fixed costs of $320,000 and variable costs per book of $8.0

A book publisher has fixed costs of $320,000 and variable costs per book of $8.00. The book sells for $23.00 per copy. How many books must be sold to break even? (Roundup your ans…

A bookkeeper prepared the year-end financial statements of Giftwrap, Inc. The in

A bookkeeper prepared the year-end financial statements of Giftwrap, Inc. The income statement showed net income of $3,900, and the balance sheet showed beginning retained earning…

A borrower takes out a loan from a bank and can invest in a risky project that w

A borrower takes out a loan from a bank and can invest in a risky project that will produce revenue of $175 with probability 0.75 and revenue $120 with probability 0.25. The bank …

A bottling company uses two inputs to produced bottles of the soft drink Sludge:

A bottling company uses two inputs to produced bottles of the soft drink Sludge: bottling machines (K) and and workers (L). The isoquants have the usual smooth shape. The machines…

A bowl has 100 wrapped hard candies in it. 20 are yellow, 50 are red, and 30 are

A bowl has 100 wrapped hard candies in it. 20 are yellow, 50 are red, and 30 are blue. They are well mixed up in the bowl. Jenny pulls out a handful of 10 candies, counts the numb…

A box without a lid is constructed from a 36 inch by 36 inch piece of cardboard

A box without a lid is constructed from a 36 inch by 36 inch piece of cardboard by cutting x in. squares from each corner and folding up the sides. Determine the volume of the box…

A bridge design firm is performing an economic analysis of two mutually exclusiv

A bridge design firm is performing an economic analysis of two mutually exclusive designs for a highway overpass. The steel girder option has an initial cost of $2.08 million, and…

A bridge is to be constructed now as part of a new road. An analysis has shown t

A bridge is to be constructed now as part of a new road. An analysis has shown that traffic density on the new road will justify a two-lane bridge at the present time. Because of …

A bridge will be built which will last for an indefinitely Ion 1-6% per year. Ev

A bridge will be built which will last for an indefinitely Ion 1-6% per year. Every year maintenance costs will run 100,000. Every 10 years a major upgrade costs 2 million. A five…

A broadcasting company failed to make ayear-end accrual of $200,000 for fines du

A broadcasting company failed to make ayear-end accrual of $200,000 for fines due to a violation of FCCrules. Its tax rate is 40%. As a result of this error, net incomewas: 1) Una…

A broker wants to sell a customer an investment costing $100 with an expected pa

A broker wants to sell a customer an investment costing $100 with an expected payoff in one year of $106. the customer indicates that a 6 perent return is not very attractive. The…

A budget is passed for all ongoing activities. Revenue is anticipated to be $1,0

A budget is passed for all ongoing activities. Revenue is anticipated to be $1,029,000 with approved spending of $630,000 and operating transfers out of $324,000. A contract is si…

A budget is passed for all ongoing activities. Revenue is anticipated to be $1,0

A budget is passed for all ongoing activities. Revenue is anticipated to be $1,029,000 with approved spending of $630,000 and operating transfers out of $324,000. A contract is si…

A budget prepared for a single level of volume based on management\'s best estim

A budget prepared for a single level of volume based on management's best estimate of the level of productiom and sales for the coming period is a: a. Flexible budget. b. Static b…

A building is appraised at $1 million. This estimate is based on forecasted net

A building is appraised at $1 million. This estimate is based on forecasted net rent of $100,000 per year discounted at a 10% cost of capital [PV = 100,000/ 0.1 = 1,000,000]. The …

A building supplies distributor purchased a gasoline-powered fork-lift truck 4 y

A building supplies distributor purchased a gasoline-powered fork-lift truck 4 years ago for $8,000. At that time, the estimated useful life was 8 years with a salvage value of $8…

A building that originally cost $40,000 and which was three forths depreciatied

A building that originally cost $40,000 and which was three forths depreciatied was sold for $7,000. I dont know how to get a depreciation expense-building, amortization of discou…

A building with a cost of $270,000 has an estimated residual value of $54,000, h

A building with a cost of $270,000 has an estimated residual value of $54,000, has an estimated useful life of 18 years, and is depreciated by the straight-line method. What is th…

A business acquired equipment for $150,000 on January 1, 2015. The equipment wil

A business acquired equipment for $150,000 on January 1, 2015. The equipment will be depreciated over five years of its useful life using the straight-line depreciation method. Th…

A business acquired equipment for $150,000 on January 1, 2015. The equipment wil

A business acquired equipment for $150,000 on January 1, 2015. The equipment will be depreciated over five years of its useful life using the straight-line depreciation method. Th…

A business acquired equipment for $150,000 on January 1, 2015. The equipment wil

A business acquired equipment for $150,000 on January 1, 2015. The equipment will be depreciated over five years of its useful life using the straight-line depreciation method. Th…

A business executive is offered a management job at Generous Electrical Company.

A business executive is offered a management job at Generous Electrical Company. They offer to give him a five-year contract which calls for a salary of $62,000 per year, plus 600…

A business has a backlog of orders, and to meet its deadlines, management decide

A business has a backlog of orders, and to meet its deadlines, management decides to run the firm seven days a week, eight hours a day. One of the employees, Marjorie Tollens, ref…

A business has a backlog of orders, and to meet its deadlines, management decide

A business has a backlog of orders, and to meet its deadlines, management decides to run the firm seven days a week, eight hours a day. One of the employees, Marjorie Tollens, ref…

A business has a year-end of December 31st. The following are balances at Januar

A business has a year-end of December 31st. The following are balances at January 1, 2017 and the transactions that occurred throughout 2017. The UCC beginning-of-the-year balance…

A business has sales of $300,000, net income of 560,000, beginning inventory of

A business has sales of $300,000, net income of 560,000, beginning inventory of $15,000, purchases of $195,000, and operating of $80,000 What is the value of ending inventory for …

A business has the following transactions The business receives $22,000 cash and

A business has the following transactions The business receives $22,000 cash and issues common stock to stockholders The business purchases $800 of office supplies on account. The…

A business has the following transactions: The business is started by receiving

A business has the following transactions: The business is started by receiving $25,000 from the owner. The business purchased $700 of office supplies on account and $2,500 of fur…

A business is considering a cash outlay of $250,000 for thepurchase of land, whi

A business is considering a cash outlay of $250,000 for thepurchase of land, which it intends to lease for $40,000 per year.If alternative investments are available which yield an…

A business is considering a cash outlay of $500,000 for thepurchase of land, whi

A business is considering a cash outlay of $500,000 for thepurchase of land, which it intends to lease for $90,000 per year.If alternative investments are available which yield a …

A business is considering purchasing a machine that is projected to yield cash,

A business is considering purchasing a machine that is projected to yield cash, savings of $1.000 per year over a 10-year period. Using a 12 percent discount rate, calculate the p…

A business is for sale at $100,000. Discounting the expected cash inflows and ex

A business is for sale at $100,000. Discounting the expected cash inflows and expected cash outflows (except purchase price) at 12% yields an amount of $94,741. Based on this info…

A business is operating at 70% of capacity and is currently purchasing a part us

A business is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24 per unit. The unit cost for the business to make the par…

A business is operating at 90% of capacity and is currently purchasing a part us

A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $14.00 per unit. The unit cost for the business to make the …

A business is operating at 90% of capacity and is currently purchasing a part us

A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $15 per unit. The unit cost for the business to make the par…

A business is operating at 90% of capacity and is currently purchasing a part us

A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $13.00 per unit. The unit cost for the business to make the …

A business is planning to purchase a piece of equipment that will produce a cont

A business is planning to purchase a piece of equipment that will produce a continuous stream of income for 8 years with rate of flow f(t) = 7,000. If the continuous income stream…

A business issued a 30-day, 7% note for $67,200 to a creditor on account. The co

A business issued a 30-day, 7% note for $67,200 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issua…

A business issued a 45-day, 4% note for $265,000 to a creditor on account. Journ

A business issued a 45-day, 4% note for $265,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note on January 1 and (b) the payment of the no…

A business issued a 45-day, 4% note for $275,000 to a creditor on account. Journ

A business issued a 45-day, 4% note for $275,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturit…

A business issued a 90-day, 15% note for $91,000 to a creditor on account. Journ

A business issued a 90-day, 15% note for $91,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturit…

A business issued a 90-day, 6% note for $25,000 to a creditor on account. Illust

A business issued a 90-day, 6% note for $25,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of recording the issuance of the note and…