Reference no: EM13299019
Question 1
On July 1, 200X you enter into a note payable of $200,000 with a 5% annual interest rate. Your interest expense for 200X will be:
$10,000.
$2,500
$2,000
$5,000
Question 2
Post Company issues a 6 year, 6%, $200,000 bond at par on July 31. The journal entry would be:
A debit to cash of $200,000 and a credit to bonds payable of $200,000.
A debit to bonds payable of $200,000 and a credit to cash of $200,000.
A debit to cash of $200,000 and a credit to bonds receivable of $200,000.
A debit to bonds receivable of $200,000 and a credit to cash of $200,000.
Question 3
Post Company issues a 6 year, 6%, $200,000 bond at par on July 31. How much interest will be paid over the life of the bond?
$4,000
$6,000
$12,000
$72,000
Question 4
A company has current assets of $500,000, net income of $10,000, current liabilities of 250,000 and equity of $250,000. What is the current ratio?
0.5
7.5
0.3
2.0
Question 5
If a company has gross salaries of $12,000 and it withholds $1,800 for income taxes and $800 for FICA taxes, the journal entry to record the employee s pay should include:
Debit to salary expense for $9,400
Debit to salary payable for $9,400
Credit to salary payable for $9,400
Credit to cash for $12,000
|
What is aei time-interest-earned ratio
: AEI Incorporated has $5 billion in assets, and its tax rate 40%. Its basic earning power (BEP) ration is 10%, and its return on assets (ROA) is 5%. What is AEI's time-interest-earned (TIE) ratio?
|
|
Explain equations describes a redox reaction
: Which one of these equations describes a redox reaction. 2Al+3H2SO4(aq)-->Al2(SO4)3(aq)+3H2(g), 2KBr(aq)+Pb(NO3)2(aq)-->2KNO3(aq)+PbBr2(s), CaBr2(aq)+H2SO4(aq)-->CaSO4(s)+2HBr(g), H+(aq)+OH-(aq)-->H2O(1), CO.-(aq)+HSO4-(aq)-->HCO3-(aq)+SO42-(aq)
|
|
How to determine the diameter of a drilled shaft pile
: Using 1630.56 kN as the ultimate capacity determine the diameter of a drilled shaft pile that would have the same ultimate capacity and depth embedment (11.5 m) using the FHWA method. Neglect shaft resistance. Use a F.S. of 2
|
|
What is the average value of the voltage induced in the coil
: A coil of wire with 80 turns and a cross-sectional area of .03m^2 lies perpendicular to a magnetic field of magnitude 1.5T. what is the average value of the voltage induced in the coil
|
|
How much interest will be paid over the life of the bond
: On July 1, 200X you enter into a note payable of $200,000 with a 5% annual interest rate. Your interest expense for 200X will
|
|
Which unit would you recommend
: If the WACC rose to 15% would this affect your recommendation ? EXplain your answer and the reason this result occurred.
|
|
Explain the percent ionization of ammonia at concentration
: What is the percent ionization of ammonia at this concentration. Express the percentage numerically to three significant figures
|
|
Cultural differences important to business managers
: Why is an understanding of cultural differences important to Business managers
|
|
Calculate manning coefficient n for the given reach
: The following data are obtained for a particular reach of the Provo river in Utah: cross sectional area A = 183 ft2, free surface width = 55 ft, average depth = 3.3 ft, Rh = 3.32 ft, V = 6.56 ft/s, length of the reach = 116 ft, and elevation drop ..
|