575 Answered Questions for the topic accounting

Accounting

11/11/19

see question below

A piece of equipment costing $24,000 with an accumulated depreciation of $13,000 was sold.Prepare the necessary journal entries for the following independent scenarios: a) Sold... more
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11/09/19

Excel Financtial Functions
You are considering making an investment. The initial payment for the investment is $1000. In the secondyear, you will receive $3500, in the third year you will have to pay $2000, in the fourth... more
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11/09/19

Excel Financtial Functions
The IRR (Internal Rate of Return) is another very useful function. Internal rate of return (IRR) is a metricused in capital budgeting to measure the profitability of potential investments. Internal... more
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11/09/19

Excel Financial Functions
Time to learn some new functions! Depreciation is the process by which a company spreads the expense ofan asset over its useful life. Even though a company may actually pay for the asset... more
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11/09/19

Excel Financtial Functions
Calculate the total monthly payment: You want to buy a house that costs $250,000, you have $25,000 for adown payment, loan rate interest is 3.5% a year compounded monthly and you plan to get a... more
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11/09/19

Excel Financial Functions
Assume the same data as provided in question #4. How much would you have to pay each month to pay offthe loan in 10 years?Data from question #4: Time for a new problem. You want to borrow $200,000... more
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11/09/19

Excel Financial Functions
Time for a new problem. You want to borrow $200,000 at 4% interest compounded monthly. If you canafford to make monthly payments of only $1200/month, how many months (cell J14 on the sample... more
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11/09/19

Financial Functions Excel
The casino threw in a new twist. In addition to the previous offer (options 1 and 2):1) $30,000 five years from now, or2) $25,000 todayThey are offering to pay you an annuity (option 3):3) $9,000... more
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11/08/19

What is the Estimated Cost of Goods Sold? What is the Estimated Ending Inventory?
January 1... $190,000January 1 through September 5 purchases (net)... $352,000January 1 through September 5 sales (net)...$685,000Year 2015 estimated gross profit rate...44%
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Accounting Math Finance Finite Math

11/06/19

Prepare the journal entries for December 31, 2021 and 2022.
Charger Battery issued $200,000 of 11%, 7-year bonds on January 1, 2020, for $220,132. Interest is paid annually on December 31. The market rate of interest is 9%.Prepare the journal entries for... more
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Accounting Math Finance Finite Math

11/06/19

Prepare the journal entry for December 31, 2020 and 2021.
Crafty Corporation issued $475,000 of 5%, 7-year bonds on January 1, 2020, for $448,484. Interest is paid annually on December 31. The market rate of interest is 6%.Prepare the journal entry for... more
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10/30/19

Question is in description. About writing a MATLAB code

USING MATLABWrite a program that creates a table showing the conversion from Yen too Pesos. Your program should be able to print a user specified number of lines showing the value of the Yen in one... more
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10/26/19

accounting question
On January 1st, 2018, Dr. Marcie Cousins established Health-Wise Medical, a medical practice organized as a proprietorship. The following conversation occurred the following August between Dr.... more
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10/24/19

create (A) an income statement for march (b)A statement of owner's equity for March. and (c) A balance sheet as of March 31.
On March 1, the amount of Richard Cook's capital in Richard's Catering Company was $150,000. During March, he withdrew $31,000 from the business. The amounts of the various assets, liabilities,... more
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10/24/19

accounting//statement
The assets and liabilities of Rocky's Day Spa at December 31 and its expenses for the year are listed below. The capital of the owner was $68,000 at January 1. The owner invested an additional... more
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10/22/19

Could you tell me which ones are revenues and which ones is expenses?
Accounts payable $1,200   Miscellaneous expense $490 Accounts receivable 10,340   Office expense 380 Cash 32,320   Supplies 1,670 Fees earned 75,630   Wages... more
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10/21/19

Could you tell me which ones are revenues and which ones is expenses?
Accounts payable $1,200   Miscellaneous expense $490 Accounts receivable 10,340   Office expense 380 Cash 32,320   Supplies 1,670 Fees earned 75,630   Wages... more
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Accounting Math Arithmetic

10/15/19

Arithmetic/Accounting balancing $ 100 spent-retained.
A person has 100 $.The person spends 40 $ and retains 60 $.The person spends 30 $ and retains 30 $.The person spends 18 $ and retains 12 $.The person spends 12 $ and retains 0 $.Total spent =... more
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Accounting

10/10/19

Answer for an income statement
At the end of Oates Department Store’s fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Freight-In $ 5,060 Inventory... more
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Accounting

09/30/19

In perspective, if you won a $25 million lottery, would you take the lump sum prize of $17 million immediately or the annual annuity of $1 million dollars for the next 25 years?
In perspective, if you won a $25 million lottery, would you take the lump sum prize of $17 million immediately or the annual annuity of $1 million dollars for the next 25 years?
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09/27/19

Record the adjusting entry related to the company's insurance.
I need help with filling out the journal entry for the records below. I keep getting it wrong. An analysis of the company's insurance policies provided the following facts. Policy Date of... more
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09/18/19

What will one share of S&P common stock be worth ten years from now if the applicable discount rate is 8 percent?
S&P Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. Last week, the company paid a dividend of $2.00 a share. The company adheres to a constant rate of... more
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09/18/19

What is the maximum amount you should pay to purchase a share of this stock if you require a 12 percent rate of return?
Rosita's announced that its next annual dividend will be $1.65 a share and all future dividends will increase by 2.5 percent annually. What is the maximum amount you should pay to purchase a share... more
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09/18/19

If the current market rate for this type and quality of bond is 7.5 percent, then Rosina should expect:
Rosina purchased a 15-year bond at par value when it was initially issued. The bond has a coupon rate of 7 percent and matures 13 years from now. If the current market rate for this type and... more
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09/18/19

What is the yield to maturity?
Otto Enterprises has a 15-year bond issue outstanding with a coupon of 8 percent. The bond is currently priced at $923.60 and has a par value of $1,000. Interest is paid semiannually. What is the... more
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