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248 Answered Questions for the topic Financial Accounting

Financial Accounting

12/08/19

Apple Stock Price Reflected in Financial Statements? Shareholder's Equity and Market Valuation

Is the increase in Apple's stock price reflected in Apple's own financial statements? In your response to this question, discuss whether the shareholder's equity in a public entity's financial... more
Financial Accounting Accounting Tax Accounting

11/26/19

General journal entry for Value-added tax in transaction.

Prepare general journal entry to record the below transaction. Round off all amounts to the nearest whole number.The Seed Factory (Pty) Ltd is a company that makes and distributes all types of food... more
Financial Accounting

11/22/19

Journal Entries of Long-term bonds

Mike Company issued a $5,000,000 of 8%,10-year bonds on January 1, 2014 for $4,731,582. The market or effective interest rate is 9%. Interest is paid annually on each January 1st, and the... more
Financial Accounting Corporate Finance

11/18/19

What is Miller and Modigliani theory on Dividend Policy?...

Modigliani- Miller Theory on Dividend Policy
Financial Accounting

11/18/19

Accounting question

I am being asked to record this in the general journal and im not sure how to....Sold 710 "Zips" to Joey on account for $61 each, tern 2/10, net 30Help please!
Financial Accounting Math Accounting

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
Financial Accounting Math Accounting

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
Financial Accounting Math Taxes

11/03/19

What will Joyce pay at the end of the quarter to her employees?

Joyce Meadows pays her 3 employees $625, $475, and $900 each per week. Calculate what Joyce will pay at the end of the first quarter for (A) state unemployment tax and (B) federal unemployment tax.... more
Financial Accounting

11/02/19

September sales in Unit?

Frolic Corporation has budgeted sales and production over the next quarter as follow: July August September Sales in Units 50,000 ... more
Financial Accounting

10/31/19

How long it take for long term investment that earns a 8.5% to triple?

Financial Accounting Accounting Finance

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
Financial Accounting Math

10/26/19

How much interest will I pay over the life of the balance?

I am looking to solve an equation:How much total Interest will be accrued on the whole balance of $250,000 calculated daily at 7%, knowing that $800 will be deducted every 7 days until the balance... more
Financial Accounting Accounting Finance

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
Financial Accounting Accounting Finance

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
Financial Accounting Accounting Finance

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
Financial Accounting Accounting Finance

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
Financial Accounting

10/13/19

What are the two main principles that GAAP mandates that we use in Financial Accounting of Public Companies?

A hint: Those two principles ensures that when we close the books at the end of the period that we are exact as far as posting and journaling according to accrual accounting, not cash accounting?
Financial Accounting Math Algebra 2

10/01/19

Financial Algebra Word Problem

Sam invests the earnings of $3000 from her full-time job. She invests part of the money at 5%/year, and the rest at 4%/year. After one year, these investments earn $140 simple interest. How much... more
Financial Accounting Accounting

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
Financial Accounting Accounting Finance

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
Financial Accounting Accounting Finance

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
Financial Accounting Accounting Finance

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
Financial Accounting Accounting Finance

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
Financial Accounting Accounting Finance

09/18/19

What is the market price of this stock if the market rate of return is 15 percent?

New Corp. last paid a $1.50 per share annual dividend. The company is planning on paying $1.62, $1.68, $1.75, and $1.80 a share over the next four years, respectively. After that the dividend will... more
Financial Accounting Accounting Finance

09/18/19

Which one of the following statements is correct if the market rate decreases to 7 percent?

Mason's has a 5-year, 8 percent annual coupon bond with a $1,000 par value. Dixon's has a 10-year, 8 percent annual coupon bond with a $1,000 par value. Both bonds currently have a yield to... more
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