Reference no: EM131129530
(Multiple Choice)
1. Reed Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on the amount of Reed Company's working capital?
Question 34 options:
a) No effect
b) $75,000 increase
c) $150,000 Increase
d) $75,000 decrease
2. On April 1, 2002, Grant Corporation issued $4,000,000, 10-year, 8% bonds, dated January 1, 2002 at 100 plus accrued interest. Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on April 1, 2002 is
Question 18 options:
a) dr. Cash 4,000,000 and cr. Bonds Payable 4,000,000
b) dr. Cash 4,080,000 and cr. Bonds Payable 4,080,000
c) dr. Interest Expense 80,000, dr. cash 4,000,000 and Cr Bonds Payable 4,080,000
d) dr. Cash 4,080,000 cr. Bonds Payable 4,000,000 and Bond Interest Payable 80,000
3. A corporation issues $300,000, 10%, 5-year bonds on January 1, 2002 for $287,400. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight- line method of amortization of bond discount, the amount of bond interest expense to be recognized on July 1, 2002 is
a) $31,260.
b) $15,000.
c) $16,260.
d) $13,740.
4. West, Inc. has a net income of $800,000 for 2002, and there are 200,000 weighted average shares of common stock outstanding. Dividends declared and paid during the year amounted to $160,000 on the preferred stock and $240,000 on the common stock. The earnings per share for 2002 is
a) $4.00.
b) $1.20.
c) $3.20.
d) $2.00
Combining the data for both lathes
: (a) Combining the data for both lathes in Exercise 112, construct a histogram. (b) How would you describe the shape of the histogram?
|
What you would recommend that the museum manager do
: Write a memo of 300-400 words explaining what you would recommend that the museum manager do. mplete next year's budgeted figures for each entity within the same Excel worksheet (yellow cells).
|
Use minitab or some other computer software
: Use MINITAB or some other computer software to construct a stem-and-leaf display for the following data representing the time to make coke (in hours) in successive runs of a coking oven.
|
Calculate expected rates of return for the market and stock
: Problem 1 Jackson Corporation's bonds will mature in 10 years. The bonds have a face value of $1000, and an 8% coupon rate, paid semi annually. The price of the bond is $1,100. The bonds are callable in 5 years at a call price of $1,080. a) What is t..
|
What effect did the borrowing transaction have on the amount
: Reed Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on the amount of Reed Company's working capital?
|
Some other computer software to construct a histogram
: Use MINITAB or some other computer software to construct a histogram of the drying-time data in Exercise 115. The following are the drying times (minutes) of 100 sheets coated with polyurethane under various ambient conditions:
|
What could affect the beta of a stock
: Is the beta of a stock static or dynamic? What could affect the beta of a stock?
|
Mark of a given class in a frequency distribution
: A plot of the points (x,f), where x represents the class mark of a given class in a frequency distribution and f represents its frequency, is called a frequency polygon. Construct a frequency polygon using the data in Exercise 116.
|
Explan who would be the ideal candidate
: In 300-500 words explan who would be the ideal candidate(s) to elicit information from during the requirements gathering and analysis phase? Explain why.
|