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Refer to this chapter's opening feature about Twitter. Assume that the owners decide to open a new Website devoted to micro blogging for accountants and those studying accounting. This new company will be called AccounTwit.Required:
1. AccounTwit obtains a $500,000 loan and the three owners contribute $250,000 in total from their own savings in exchange for common stock in the new company.a. What is the new company's total amount of liabilities plus equity?b. What is the new company's total amount of assets?
2. If the new company earns $80,250 in net income in the first year of operation, compute its return on assets (assume average assets equal $750,000). Assess its performance if competitors average a 10% return.
the following transactions relate to bondinvestments of livermore laboratories. the companys fiscal yearends on
Soldan Corporation purchased a computer on December 31,2011, paying 30,000 down and a further payment due on December 31,2014.An interest rate of 10% is implicit in the purchase price. Soldan uses the Effective method and has December the 31 as y..
1. balanced scorecard is one of those management fads that will disappear several years in the future. in addition
• Valuation of the company using two different methods. One of the valuations must entail discounting of earnings, abnormal earnings, dividends or free cash flows.
On may 1, 2010, stanton company purchased 50000 of harris company's 12% bonds at 100 plus accured interest of $2,000. On June 30,2010, Stanton received its first semiannual interest. On February 1, 2011, Stanton sold 40,000 of the bonds at 103 plu..
During the first quarter of 2010, the Payne Corporation entered into the following transactions:
A truck costs $16,000 with a residual value of $1,000. It has an estimated useful life of 5 years. If the truck was bought on July 3, what would be the book value at end of year 1?
KK Company bought the delivery truck for $62,000 on January 1, 2009. They installed the rear hydraulic lift for $8,000 and paid sales tax of the $3,000.
munch n crunch snack company is considering two possible investments a delivery truck or a bagging machine. the
having high sccounts recievable balances can definately be a risk for companies especially in todays economy. even
Calculate the company's break-even point in dollar sales. If sales are $1,800,000 above the break-even point, what will income be (i) pretax income and (ii) after-tax income?
think- what do you think caused or contributed to the recent market meltdown and what can we do to prevent it happening
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