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On December 31, at the end of its annual accounting period, Sabaru estimated its bad debts as one-fourth of 1% of its $1,240,000 of credit sales made during the year, and made an addition to its allowance account equal to that amount. On the following February 3, management decided the$1,390 account of Colin Smith was uncollectible and wrote it off as a bad debt. Two month later, on April 2, Smith unexpectedly paid the amount previously written off. Give the journal entries required to record these events.
Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would increase by $150,000 if credit is extended to these new customers. Of the new accounts receivable generated, 5% will prove to be..
It is estimated that the annual sales of an energy saving device will be 25,000 the first year and increase by 10,000 per year until 55,000 units are sold during the fourth year. In the fifth year and each year thereafter the sales will decrease by 5..
Size-up HCM using historical ratio analysis and a discussion of its business risk and financial risk and the Q1 tab reproduces HCM's financial statements and forecasts for your convenience.
What is the interest-on-interest portion of a $1,000 par, 5-year (semi-annual payments), 7% coupon bond’s $ return if the reinvestment rate is 4.5%?
What is the minimum nominal rate of return you should accept, if you require a 10% real rate of return and the rate of inflation is expected to average 9.70% during the investment period?
You have been diligently saving to buy a boat. For the last 10 years, you have been putting $50 per month into a secret savings account paying .5% interest per year. You started with $0. You just discovered that your spouse knew about the account the..
Using the Du Pont method, evaluate the effects of the following relationships for the Butters Corporation. Butters Corporation has a profit margin of 7 percent and its return on assets (investment) is 25.2 percent. What is its assets turnover? If the..
The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.56 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. If investors require a 11 percent return on The Jackson-Timberlake War..
You manage an equity fund with an expected risk premium of 11.2% and a standard deviation of 26%. The rate on Treasury bills is 4.2%. Your client chooses to invest $70,000 of her portfolio in your equity fund and $30,000 in a T-bill money market fund..
What’s the value of a share of a firm that is promised to pay a constant dividend of $3 per share forever, starting from a year from now, assuming the required rate of return is 8%?
part i record entries and build the financial statements1. company introduction and overviewgive me quick overview of
You are considering setting up a firm to produce widgets. The cost of the project is $30 today. The demand for widgets is uncertain. It can be either high or low with equal probability. When the demand is high cash flows in t = 1 are $66 and when the..
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