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!
Anita Vasquez received $130,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Anita's behalf:
Common stock was purchased at a cost of $65,000. The stock paid no dividends, but it was sold for $150,000 at the end of four years.
Preferred stock was purchased at its par value of $18,000. The stock paid a 8% dividend (based on par value) each year for four years. At the end of four years, the stock was sold for $13,500.
Bonds were purchased at a cost of $47,000. The bonds paid $2,820 in interest every six months. After four years, the bonds were sold for $53,000.
The securities were all sold at the end of four years so that Anita would have funds available to start a new business venture. The broker stated that the investments had earned more than a 22% return, and he gave Anita the following computation to support his statement:
$114,820 ÷ 4 years
Using a 22% discount rate, compute the net present value of each of the three investments.
Anita wants to use the $216,500 proceeds from sale of the securities to open a fast-food franchise under a 10-year contract. What net annual cash inflow must the store generate for Anita to earn a 14% return over the 10-year period? Assume that the project will yield same annual cash inflow each year. Anita will not receive back her original investment at the end of the contract.
Prepare the adjusting journal entry to record the bad debt provision for the year ended December 31, 2008.
a company that manufactures ultrasonic wind sensors invested 1.5 million 2 years ago to acquire part ownership in an
In the current year, Teal Corporation becomes insolvent and is declared bankrupt. During the corporation's existence, Emily was paid an annual salary of $60,000. How should she treat her losses for tax purposes?
How will your answer to Part a change if in the subsequent year the manufacturer files bankruptcy and Jerry receives $1,500 in total and final payment for his claim?
big chuck wishes to maintain a 10000 minimum cash balance at all times. additional financing is available and retired
What would be the indifferent point?
Product-cost cross-subsidization is more likely to occur when:
Benny's Repair Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year the business recorded $210,000 in revenues, $110,000 in expenses, and dividends of $20,000.
Prepare a written memo to Baku and Hanson describing the advantages and disadvantages of each organizational form. Also, from the limited information provided, recommend the organizational form you think they should use.
Deana Moran is the owner of First Delivery Service. Recently, Deana paid interest of $3,600 on a personal loan of $60,000 that she used to begin the business. Should First Delivery Service record the interest payment? Explain.
The Role of Accounting on Business and Our Society
If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?
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