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19 Nov
2020

# I need help answering the following question, please show me how you calculate the…

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I need help answering the following question, please show me how you calculate the answer. What is the amount of Coronado Company’s inventory?Lincoln Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.From the information above, determine the amount of Lincoln Company inventory.What is the amount of Lincoln Company’s inventory?
1. Show your work with the data below. (20 points)Data: Calculate the WACC which represents the “hurdle rate” for a
1. Show your work with the data below. (20 points)Data: Calculate the WACC which represents the “hurdle rate” for a typical project with average risk using the average rate of the range of the marginal cost of common equity using retained earnings or new earnings.-A 10-year, 10% coupon, semiannual payment non-callable bonds sell for \$1,153.72. New bonds will be privately placed with no flotation cost-A 10%, \$1,000 par value, annually dividend, perpetual preferred stock sells for \$1,111.-Both an existing common stock and a new common stock issue, which incurs no flotation cost, sells for \$100. D1 = \$4.3995 and g = 5%. B = 1.2; rRF = 7%; RM = 10%.-Bond-Yield Risk Premium = 4%.-Target capital structure: 30% debt, 10% preferred, 60% common equity. Tax rate is 40%.
Answer this questions use balance sheet Jack Plummer, a factory worker, asks you to help him find out how much
Answer this questions use balance sheet Jack Plummer, a factory worker, asks you to help him find out how much he is worth. From adiscussion with him, you find out the following facts: a. His cash on hand is \$1800.b. He owns Canada Savings Bonds worth \$1000.c. He owns a home valued at \$385 000 that has a mortgage on it of \$84 000.d. He owns an automobile that he bought for \$16 200, and still owes Ace Finance \$1800 for it.e. He owns a summer property valued at \$130 000, which he bought with money borrowed from the bank. Since the time of purchase, he has paid \$37 000 of the loan.f. He has unpaid bills amounting to \$3000.g. He owes his father, M. Plummer, the sum of \$50 000, which he borrowed interest free several years ago at the time he bought his home.h. He owns furniture valued at \$6000. Prepare a personal balance sheet for Jack Plummer dated June 1 of the current year.
Lyndon’s employer withheld \$10,100 in state income taxes from Lyndon’s wages in 2019. Lyndon obtained a refund of \$1,700 in
Lyndon’s employer withheld \$10,100 in state income taxes from Lyndon’s wages in 2019. Lyndon obtained a refund of \$1,700 in this year for overpayment of state income taxes for 2018. State income taxes were an itemized deduction on his 2018 return. His 2019 liability for state income tax is \$8,700.Indicate the amount of Lyndon’s deduction for state income taxes on his federal tax return assuming he elects to deduct state income taxes for 2019.
XYZ Company had the following information relating to its accounts receivable: Accounts receivable at 12/31/2017 10,400,000Credit sales for 2017 43,200,000Collections
Accounting Assignment Writing ServiceXYZ Company had the following information relating to its accounts receivable: Accounts receivable at 12/31/2017 10,400,000Credit sales for 2017 43,200,000Collections from customers for 2018, excluding recovery 38,000,000Accounts written off 09/30/2018 1,000,000Collection of accounts written off in prior year (customer credit was not re-established) 200,000Estimated uncollectible receivables per aging of receivables at 12/31/2018 1,320,000On December 31, 2018 the net realizable value of accounts receivable is
The data listed below were obtained from an analysis of the accounts of Mandaluyong Company as of March 31, 2016,
The data listed below were obtained from an analysis of the accounts of Mandaluyong Company as of March 31, 2016, in preparation of the annual report. Mandaluyong records current transactions in nominal accounts and does not reverse adjusting entries. What are the appropriate adjusting entries? a. Prepaid insurance has a balance of P564,000. Mandaluyong has the following policies in force: Policy Date Terms Cost Coverage X1 01/01/16 2 years P144,000 Shop equipment Y2 12/01/15 6 months 72,000 Delivery equipment Z3 07/01/15 3 years 480,000 Buildings b. Unearned Subscription Revenues has a balance of P225,000. The following subscriptions were collected in the current year. There are no other unexpired subscriptions. Effective Date Amount Term July 1, 2015 P108,000 1 year October 1, 2015 88,800 1 year January 1, 2016 115,200 1 year April 1, 2016 82,800 1 year c. Mandaluyong owes a 10%, 90-day note for P1,800,000 dated February 1, 2016. d. Supplies has a balance of P12,160. An inventory of supplies revealed a total of P7,640e. Salaries Payable has a balance of P39,000. The payroll for the 5-day workweek ended April 3, totaled P45,000.
1. What is the difference between general ledger and subsidiary ledger 2. What is audit trail and why is it
1. What is the difference between general ledger and subsidiary ledger 2. What is audit trail and why is it Important3. Name five TELOS FACTORS AND EXPLAIN EACH in regards to Accounting Information system.4. How do you define a datum in terms Of <EAV <-explain in detail5. What is the difference between Enterprise Resource Planning system (ERP) and Electronic Data Interchange (EDI) – EXPLAIN .
3: An employer in the U.S. Virgin Islands, employs two individuals, whose taxable earnings to date (prior to the current
3: An employer in the U.S. Virgin Islands, employs two individuals, whose taxable earnings to date (prior to the current pay period) are \$1,420 and \$26,100. During the current pay period, these employees earn \$3,760 and \$1,750, respectively. The applicable SUTA tax rate is 3%, and the U.S. Virgin Islands SUTA threshold is \$26,500.FUTA tax =(FUTA Tax is 3.00% in Virgin Islands)
On January 1, 2020, Dallas Enterprises acquired 1,000 shares of P5 par value ordinary shares, along with 250 shares of
On January 1, 2020, Dallas Enterprises acquired 1,000 shares of P5 par value ordinary shares, along with 250 shares of P25 par value preference shares, of Ford Company in a single transaction for P52,000. Currently, Ford Company’s ordinary shares and preference shares are trading for P35 per share and P84 per share respectively. On January 2, Dallas should allocate the cost of the investment in Ford’s ordinary and preference shares as follows: Ordinary shares Preference sharesa. P35,000 P21,000b. 32,500 19,500c. 35,000 17,000d. 23,111 28,889Please choose 1 and explain. Thank you
Porto Douro Company recently purchased merchandise during 2020 on credit for \$80,000 under the terms 3/10, n/30. PDC paid off
Porto Douro Company recently purchased merchandise during 2020 on credit for \$80,000 under the terms 3/10, n/30. PDC paid off its liability within the discount period except for \$20,000. The remainder was paid within the 30-day term. At the end of its accounting period on December 31, 2010, 90% of the merchandise had been sold and 10% remained in inventory. PDC uses a periodic inventory system.Question:Assuming the net method is used for recording inventory purchases, prepare the journal entries on the books of Porto Douro Company for the above transactions.
Bret Company sold 3,000 Holsks during 2017 at a total price of \$12,000,000, with a warranty guarantee that the product
Bret Company sold 3,000 Holsks during 2017 at a total price of \$12,000,000, with a warranty guarantee that the product was free of any defects. The cost of Holsks sold is \$7,200,000. The term of the assurance warranty is two years, with an estimated cost of \$80,000. In addition, Bret sold extended warranties related to 1,100 Holsks for 3 years beyond the 2-year period for \$110,000. Bret should recognize Unearned Warranty Revenue in 2017 of\$ 80,000\$110,000\$190,000\$ 0

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