Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On October 1, 2014, Gator Inc assigns $1,600,000 of its accounts receivable to American Bank as collateral for a $1,200,000 loan. The bank assesses a finance charge of 2% of the receivables assigned and interest on the note of 7%.
On December 31, 2014 Gator inc collects $700,000 of the assigned receivables and remits those collections and the accrued interest to the bank.
Prepare the required journal entries for Gator Inc on October 1, 2014 and December 31, 2014.
The future value of an ordinary annuity for five periods at 8% is 5.8666. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was the cost of the machine to Jenks?
ot-for-profits are required to classify assets into three categories, restricted, temporarily restricted and unrestricted. Explain why would this requirement exist for NFP organizations
Provide the journal entry that Pale recorded when it transferred the assets to Bright. Give the journal entry that Bright recorded for the receipt of assets and issuance of common stock to Pale.
On its income statement for a recent year, continental Airlines, Inc. reported a net loss of $68 million from operations. On its statement of cash flows, it reported $457 million of cash flows from operating activities.
Cash Flow Computations - From the following selected data, evaluate the cash balance at the end of the year.
Explain what accountants are generally referring to when they talk about financial reporting and explain the generally accepted accounting principles (GAAP).
You invest $4,100 for five years at 5% simple interest at Bank 1. You invest $4,100 for five years at Bank 2 where interest at 5% is compounded annually. Compute the amounts that will be accumulated. Round to the nearest dollar. Use the appropriate f..
calculation of intrinsic value and effect on earnings traceable to the hedge.north shore railroad operates between
The following data have been taken from the budget reports of Sequioia Company, a merchandising company, which purchases merchandise inventory and sells to customers. The information on the sales to customers and the purchase of the inventory is give..
Consider your student loan. What is the loan from the point of view of the bank?
When a company uses the equity method to record its proportionate share of the income and dividends of a company in which it has invested, what are the cash flow effects?
A plant asset cost $288,000 and is estimated to have a $36,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be. A truck that cost $72,0..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd