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Preparing general journal adjusting entries:
1. The annual provision for bad debt is recorded as 5% of ending A/R (317,420). Use the allowance method. Round to the nearest $1.
2. The interest revenue accrued to Dec. 31 of this year on notes receivable is composed of the following:
ben Kenobi, Inc. $3,250
Yoda, Inc. 92
R2D2 Computers 91
3. Interest has accrued at 6.5% on the long-term notes payable (1,200,000) since July 1 of this year.
4.The sic month interest payment on the bonds payable (500,000) is due Jan. 3 of next year for the si-month period ended on Dec. 31 of this year. The stated (coupon) rate of interest is 10% annually. The market (yield -to-maturity) rate of interest is 12% annually. There were 10 years to maturity at June 30th of this year (the last interest payment date). The bonds are semi-annual. Record interest expense and discount amortization at Dec. 31.
How is beta affected by mergers in the airline industry? For example, is the beta of merged American Airlines/U.S. Airways higher, lower, or unchanged from their betas as stand-alone companies? Prior to their merger in December 2013, the beta of Amer..
The real risk-free rate is 3%, and inflation is expected to be 4% for the next 2 years. A 2-year Treasury security yields 8.4%. What is the maturity risk premium for the 2-year security?
You are evaluating a project that costs $840,000, has seven-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 90,000 units per year. Price per unit is $40, vari..
how the fed should respond to prevailing conditions.consider the existing economic conditions including inflation and
Fatimah and Ahmad, both 30 years old, own a house worth $120,000 and have a yearly income of $50,000, monetary assets of $15,000, two cars worth $30,000, and furniture worth $10,000. The house has a $100,000 mortgage, they have college loans of $15,0..
Owner of a call that expires in the money
Fama’s Llamas has a weighted average cost of capital of 10.3 percent. The company’s cost of equity is 12 percent, and its pre-tax cost of debt is 8.3 percent. The tax rate is 38 percent. What is the company’s target debt and equity ratio?
In your networking group, someone asks you to explain the differences between operating and financial leverage and how they can be used by the corporation. The definition of operating and financial leverage
Consider a loan for $8000 for a period of 3 years at 7% interest with payments made annually. Build the amortization schedule for this loan. How much total interest is paid on this loan? Express the total interest as a percent of the principal borrow..
garnett jackson the founder and ceo of tech tune-ups stared out the window as he finished his customary peanut butter
Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the next 2 years, respectively; after the second year, FCF is expected to grow at a constant rate of 10%. The company's weighted average cost of ..
A corporation has outstanding accounts receivable totaling $3,500 as of December 31. During the year the company had sales on credit of $24,000. There is also a debit balance of $1,200 in the allowance for doubtful accounts.
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