What is the relationship between a bond's price and its yield to maturity?
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Showing posts with label what. Show all posts
Showing posts with label what. Show all posts
Monday, April 18, 2016
Wednesday, October 14, 2015
What is a CAFR? What are its main components?
12. What is a CAFR? What are its main components?
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Click here for the solution: What is a CAFR? What are its main components?
Friday, October 9, 2015
What is the role of the Sarbanes-Oxley Act of 2002 in relation to the types of internal controls used by corporations
ACC 290 Week 5 Assignment
Answer the following summary question: What is the role of the Sarbanes-Oxley Act of 2002 in relation to the types of internal controls used by corporations such as those illustrated in Exercises 7-4, 7-5, and 7-6?
Click here for the solution: What is the role of the Sarbanes-Oxley Act of 2002 in relation to the types of internal controls used by corporations
Answer the following summary question: What is the role of the Sarbanes-Oxley Act of 2002 in relation to the types of internal controls used by corporations such as those illustrated in Exercises 7-4, 7-5, and 7-6?
Click here for the solution: What is the role of the Sarbanes-Oxley Act of 2002 in relation to the types of internal controls used by corporations
Friday, September 25, 2015
What is the process of analyzing accounts receivable and classifying by how old the due dates are?
1. What is the process of analyzing accounts receivable and classifying by how old the due dates are?
2. What is the name of the expense used to track receivable accounts estimated to be uncollectible?
3. Name one method used to estimate Bad Debts.
4. Name another method used to estimate Bad Debts.
5. Name the receivable created when customers are issued a formal, written document including specific terms of payment.
6. In what section on the Balance Sheet would Accounts Receivable be located?
7. What kind of account is Allowance for Doubtful Accounts?
8. Accounts Receivable should be collected in about how many days?
9. What is the name of the expense used to record the usage of fixed assets?
10. What is the name of the expense used to record the periodic write off of the cost of intangible assets?
11. What is the name of the expense used to record the utilization of natural resources?
12. Name the most popular depreciation method used by businesses today.
13. What kind of account is Accumulated Depreciation?
14. Is Land depreciated, yes or no?
15. Name one of the payroll taxes paid by employers.
16. Name another one of the payroll taxes paid by employers.
17. Name yet another one of the payroll taxes paid by employers.
18. What kind of account is Interest Payable?
19. Gross Wages LESS Deductions EQUAL what?
20. Do employees have contributions deducted from their paychecks for federal and state unemployment, yes or no?
KEY INFORMATION: On 3/5/07, our company, ABC Textbooks, Inc., borrows $150,000 from the First Bank & Trust. The terms of the note are 90-days at 8%.
21. What is the maturity date of the note?
22. – 23. What is the amount of total interest on this note?
24. – 25. What is the maturity value of the note?
#2: Record journal entries in the general journal below for Jax-Mart. Sample accounts include: Accounts Receivable, Allowance for Doubtful Accounts, Sales, Cash, Uncollectible Accounts Expense, and Notes Receivable. DO NOT ABBREVIATE.
1/2/07 Using the analysis of receivables method, write off Mr. Jones account of $585. His bankruptcy settlement was just completed. (3 points)
11/25/07 Mr. Jones paid his $585 balance in full. Record the journal entry to reinstate his account, and then record the cash receipt. (2 entries required)
12/31/07 Using the analysis of receivables method, record the provision for estimated uncollectible accounts at the end of the year at 10% with receivables of $175,000. Note that the balance in Allowance for Doubtful Accounts has a credit balance of $2000 before this journal entry.
12/31/07 - Now trying using a different method. Using the percent of sales method, record the provision for estimated uncollectible accounts at the end of the year, at 1% with sales of $1,500,000
#3: Instructions: Compute depreciation expense for two years using 3 different methods using the following information. Show all work for maximum points!!!:
• Machinery was acquired on the first day of the current year for $420,000
• The estimated useful life is 5 years or 40,000 hours
• The residual value is estimated at $20,000
• During year one, the machinery was used for 11,500 hours
• During year two, the machinery was used for 17,000 hours
METHOD YEAR ONE YEAR TWO
Straight Line (3 points)
Units of Production (6 points)
Double Declining Balance (6 points)
Click here for the solution: What is the process of analyzing accounts receivable and classifying by how old the due dates are?
2. What is the name of the expense used to track receivable accounts estimated to be uncollectible?
3. Name one method used to estimate Bad Debts.
4. Name another method used to estimate Bad Debts.
5. Name the receivable created when customers are issued a formal, written document including specific terms of payment.
6. In what section on the Balance Sheet would Accounts Receivable be located?
7. What kind of account is Allowance for Doubtful Accounts?
8. Accounts Receivable should be collected in about how many days?
9. What is the name of the expense used to record the usage of fixed assets?
10. What is the name of the expense used to record the periodic write off of the cost of intangible assets?
11. What is the name of the expense used to record the utilization of natural resources?
12. Name the most popular depreciation method used by businesses today.
13. What kind of account is Accumulated Depreciation?
14. Is Land depreciated, yes or no?
15. Name one of the payroll taxes paid by employers.
16. Name another one of the payroll taxes paid by employers.
17. Name yet another one of the payroll taxes paid by employers.
18. What kind of account is Interest Payable?
19. Gross Wages LESS Deductions EQUAL what?
20. Do employees have contributions deducted from their paychecks for federal and state unemployment, yes or no?
KEY INFORMATION: On 3/5/07, our company, ABC Textbooks, Inc., borrows $150,000 from the First Bank & Trust. The terms of the note are 90-days at 8%.
21. What is the maturity date of the note?
22. – 23. What is the amount of total interest on this note?
24. – 25. What is the maturity value of the note?
#2: Record journal entries in the general journal below for Jax-Mart. Sample accounts include: Accounts Receivable, Allowance for Doubtful Accounts, Sales, Cash, Uncollectible Accounts Expense, and Notes Receivable. DO NOT ABBREVIATE.
1/2/07 Using the analysis of receivables method, write off Mr. Jones account of $585. His bankruptcy settlement was just completed. (3 points)
11/25/07 Mr. Jones paid his $585 balance in full. Record the journal entry to reinstate his account, and then record the cash receipt. (2 entries required)
12/31/07 Using the analysis of receivables method, record the provision for estimated uncollectible accounts at the end of the year at 10% with receivables of $175,000. Note that the balance in Allowance for Doubtful Accounts has a credit balance of $2000 before this journal entry.
12/31/07 - Now trying using a different method. Using the percent of sales method, record the provision for estimated uncollectible accounts at the end of the year, at 1% with sales of $1,500,000
#3: Instructions: Compute depreciation expense for two years using 3 different methods using the following information. Show all work for maximum points!!!:
• Machinery was acquired on the first day of the current year for $420,000
• The estimated useful life is 5 years or 40,000 hours
• The residual value is estimated at $20,000
• During year one, the machinery was used for 11,500 hours
• During year two, the machinery was used for 17,000 hours
METHOD YEAR ONE YEAR TWO
Straight Line (3 points)
Units of Production (6 points)
Double Declining Balance (6 points)
Click here for the solution: What is the process of analyzing accounts receivable and classifying by how old the due dates are?
Wednesday, September 23, 2015
What are the major authorization principles the auditor should investigate
What are the major authorization principles the auditor should
investigate regarding both cash management and investments in marketable
securities?
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Click here for the solution: What are the major authorization principles the auditor should investigate
What are the major elements of an internal control over property, plant, and equipment?
What are the major elements of an internal control over property, plant,
and equipment? For the specific control procedures identified, indicate
their importance to the audit.
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Click here for the solution: What are the major elements of an internal control over property, plant, and equipment?
Sunday, September 20, 2015
The following is a table of activities associated with a project at Bill Figg Enterprises, their durations and what activities each must precede
Problem 3.15 The following is a table of activities associated with a project at Bill Figg Enterprises, their durations and what activities each must precede:
ACTIVITY DURATION (WEEKS) PRECEDES
A (START) 1 B,C
B 1 E
C 4 F
E 2 F
F(END) 2 -
a) Draw an AON diagram of the project, including activity durations.
c) What is the project duration (in weeks)?
d) What is the slack (in weeks) associated with any and all noncritical paths through the project?
Click here for the solution: The following is a table of activities associated with a project at Bill Figg Enterprises, their durations and what activities each must precede
ACTIVITY DURATION (WEEKS) PRECEDES
A (START) 1 B,C
B 1 E
C 4 F
E 2 F
F(END) 2 -
a) Draw an AON diagram of the project, including activity durations.
c) What is the project duration (in weeks)?
d) What is the slack (in weeks) associated with any and all noncritical paths through the project?
Click here for the solution: The following is a table of activities associated with a project at Bill Figg Enterprises, their durations and what activities each must precede
(a) What are long-term liabilities? Give two examples. (b) What is a bond?
(a) What are long-term liabilities? Give two examples.
(b) What is a bond?
Click here for the solution: (a) What are long-term liabilities? Give two examples. (b) What is a bond?
(b) What is a bond?
Click here for the solution: (a) What are long-term liabilities? Give two examples. (b) What is a bond?
Sunday, September 13, 2015
What are the advantages of budgeting?
What are the advantages of budgeting?
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What do the terms overapplied overhead and underapplied overhead mean?
9. What do the terms overapplied overhead and underapplied overhead mean?
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Click here for the solution: What do the terms overapplied overhead and underapplied overhead mean?
What are the advantages and disadvantages associated with the unadjusted rate of return method for evaluating capital investments
21. What are the advantages and disadvantages associated with the unadjusted rate of return method for evaluating capital investments?
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Click here for the solution: What are the advantages and disadvantages associated with the unadjusted rate of return method for evaluating capital investments
Friday, September 11, 2015
What do the terms liquidity and solvency mean?
2. What do the terms liquidity and solvency mean?
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Click here for the solution: What do the terms liquidity and solvency mean?
What is the major advantage of using the indirect method to present the statement of cash flows?
14. What is the major advantage of using the indirect method to present the statement of cash flows?
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Click here for the solution: What is the major advantage of using the indirect method to present the statement of cash flows?
What is the difference between preparing the statement of cash flows using the direct method and using the indirect method?
12. What is the difference between preparing the statement of cash flows using the direct method and using the indirect method?
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Click here for the solution: What is the difference between preparing the statement of cash flows using the direct method and using the indirect method?
What are noncash investing and financing activities?
3. What are noncash investing and financing activities? Provide an
example. How are such transactions shown on the statement of cash flows?
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Click here for the solution: What are noncash investing and financing activities?
What is the purpose of the statement of cash flows?
1. What is the purpose of the statement of cash flows?
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Click here for the solution: What is the purpose of the statement of cash flows?
What is apparent from a horizontal presentation of financial statement information?
3. What is apparent from a horizontal presentation of financial statement information? A vertical presentation?
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Click here for the solution: What is apparent from a horizontal presentation of financial statement information?
Sunday, September 6, 2015
Assuming a 360-day year, calculate what the average investment in inventory would be for a firm, given the following information in each case
16.13 (Ratio analysis) Assuming a 360-day year, calculate what the average investment in inventory would be for a firm, given the following information in each case.
a. The firm has sales of $600,000, a gross profit margin of 10 percent, and an inventory turnover ratio of 6.
b. The firm has a cost-of-goods-sold figure of $480,000 and an average age of inventory of 40 days.
c. The firm has a cost-of-goods-sold figure of $1.15 million and an inventory turnover rate of 5.
d. The firm has a sales figure of $25 million, a gross profit margin of 14 percent, and an average age inventory of 45 days.
Click here for the solution: Assuming a 360-day year, calculate what the average investment in inventory would be for a firm, given the following information in each case
a. The firm has sales of $600,000, a gross profit margin of 10 percent, and an inventory turnover ratio of 6.
b. The firm has a cost-of-goods-sold figure of $480,000 and an average age of inventory of 40 days.
c. The firm has a cost-of-goods-sold figure of $1.15 million and an inventory turnover rate of 5.
d. The firm has a sales figure of $25 million, a gross profit margin of 14 percent, and an average age inventory of 45 days.
Click here for the solution: Assuming a 360-day year, calculate what the average investment in inventory would be for a firm, given the following information in each case
What is the balanced scorecard?
What is the balanced scorecard? What perspectives are considered in selecting performance measures for the balanced scorecard, and why is each of these perspectives important?
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Click here for the solution: What is the balanced scorecard?
What advantages does a cash method taxpayer gain by electing to accrue foreign taxes for foreign tax credit purposes?
C:16-8 What advantages does a cash method taxpayer gain by electing to accrue foreign taxes for foreign tax credit purposes?
Click here for the solution: What advantages does a cash method taxpayer gain by electing to accrue foreign taxes for foreign tax credit purposes?
Click here for the solution: What advantages does a cash method taxpayer gain by electing to accrue foreign taxes for foreign tax credit purposes?
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