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Jossy Company Plc has a nominal capital of N70,000,000 dividedinto 6% preference sharess of 40,000,000 at N1.00 each. Thecompany issued all the ordinary shares fully paid. 15,000,0006% prefernce shares of N1.00 each at N0.95K were offered for publicsubscription on 5th May 1985 payable as follows:
50K per share on Application 30K per share on Allotment 15K per share (discount of 5K) on first andfinal call a month after allotment.
The balance at bank was N20,000,000 on 5th May 1985. All the shares were subscribed and allotted. Application and Allotment money were received on 10th and 20th May1985. Show the necessary entreis in the books of Jossy Company Plc.
The subsidiary has a net operating loss carryover of $400,000 generated four years ago. The parent acquires the net operating loss carryover.
These amounts include $30,000 of monthly depreciation plant and equipment expense. Cash payments are paid such that 60% are paid in the month incurred and 40% are paid in the following month. What are the budgeted cash payments for August?
Reid knows that the company's own R&D department is first-rate, and he is confident they can do the work well. (a) Who are the stakeholders in this situation?
1 Million shares outstanding stock worth $20.00 per share, beta is 1.2 Also have 10-year bonds outstanding with a par value of 10 million, coupon rate of 6%, YTN 7%, yield is 2 percentage points abouve the risk free rate and 4 percentage points be..
If an investor is offered an opportunity to invest $500,000 in a new restaurant and he calculates the present value of this investment to be $400,000 using his standard discount rate of 15%, the IRR on this potential investment would be:
Health care managers are charged with providing quality health care services to the community in efficient and effective ways. Managers strive to deliver quality care through their planning, organizing, and controlling efforts.
Chester Lome drills well for residential and commercial lots. In April 2008. Chester decided to scrap his well drilling truck, purchased in 1984 for $25,000 and fully depreciated. Prepare the journal entry recording the scrapping of the truck.
Julio, age 50, is a U.S. citizen who has a 28% marginal tax rate. He has operated the A&B Automotive Parts Company for a number of years as a C corporation.
April--55K May--45K June--65K Production: 65K 55K 55K Cash-related production cost are budgeted at 7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling..
During the current year merchandise is sold for $795,000.the cost of the merchandise sold is $477,000. (A) whats is the amount of gross profit?
Market demand and supply are given as Qd = 1000 - 5P and Qs = 4P - 80 respectively. If P = 100,
How many units are in ending work in process inventory in the first processing department at the end of the month?
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