# Question: 1On /1/2020, Sandhill Corp Issued \$600,000 6%, 5-year Bonds At Face Value The Bonds Were Dated S/1/2020, And Pay Interest Annually On 5/1 Financial Statements Are Prepared Annually On 12/31 (50 Points Total)

Get college assignment help at uniessay writers 1On /1/2020, Sandhill Corp issued \$600,000 6%, 5-year bonds at face value The bonds were dated S/1/2020, and pay interest annually on 5/1 Financial statements are prepared annually on 12/31 (50 points total)

## Question: Hillsong Inc. Manufactures Snowsuits. Hillsong Is Considering Purchasing A New Sewing Machine At A Cost Of \$2.45 Million. Its Existing Machine Was Purchased Five Years Ago At A Price Of \$1.8 Million; Six Months Ago, Hillsong Spent \$55,000 To Keep It Operational. The Existing Sewing Machine Can Be Sold Today For \$243,257. The New Sewing Machine Would …

Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of \$2.45 million. Its existing machine was purchased five years ago at a price of \$1.8 million; six months ago, Hillsong spent \$55,000 to keep it operational. The existing sewing machine can be sold today for \$243,257. The new sewing machine would require one-time, \$85,000 training cost. Operating costs would decrease by the following amounts for years 1 to 7: Year 1 \$390,900 2 399,900 3 410,400 425,200 4 432,600 6 435,300 437,700 7 The new sewing machine would be depreciated according to the declining-balance method at a rate of 20%. The salvage value equipment would require maintenance costs of \$98,400 at the end of the fifth year. The cost of capital is 9%. expected to be \$379.700. This new Click here to view PV table. Use the net present value method to determine the following: (If net present value is negative then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round present value answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Calculate the net present value. Net present value \$ Determine whether Hillsong should purchase the new machine to replace the existing machine?

## Question: EXPLAIN IN JUST ONE OR TWO SHORT SENTENCESI And In 30 Minutes 1. Company XYZ Has Posted A Negative ROE And A Positive ROCE For The Year 2012. How Can Such A Situation Be Possible? What Should Company XYZ Do? (20 Points) (Hint: ROE Net Income / Shareholders Equity And ROCE Net Income/ Capital Employed While Capital Employed Fixed Assets Working Capital). …

EXPLAIN IN JUST ONE OR TWO SHORT SENTENCESI and in 30 minutes 1. Company XYZ has posted a negative ROE and a positive ROCE for the year 2012. How can such a situation be possible? What should company XYZ do? (20 points) (Hint: ROE Net Income / Shareholders equity and ROCE Net Income/ Capital Employed while Capital Employed fixed assets working capital). mesier Mare Why are the voting rights of firms entailed to equity owners and not to debt holders? (20 points) 2. er iare

## Question: Wayne Company Is Considering A Long-term Investment Project Called ZIP. ZIP Will Require An Investment Of \$142,000. It Will Have A Useful Life Of 4 Years And No Salvage Value. Annual Cash Inflows Would Increase By \$79,800, And Annual Cash Outflows Would Increase By \$41,700. Compute The Cash Payback Period. (Round Answer To 2 Decimal Places, E.g. 10.50.) …

Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of \$142,000. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by \$79,800, and annual cash outflows would increase by \$41,700. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.50.) Cash payback period years Click if you would like to Show Work for this question Open Show Work

## Question: Ann Stolton And Susie Bright Are Partners In A Business They Started Two Years Ago. The Partnership Agree Ment States That Stolton Should Receive A Salary Allowance Of \$15.000 And That Bright Should Receive A \$20,000 Salary Allowance. Any Remaining Income Or Loss Is To Be Shared Equally. Determine Each Partner’s Share Of The Current Year’s Net Income …

Ann Stolton and Susie Bright are partners in a business they started two years ago. The partnership agree ment states that Stolton should receive a salary allowance of \$15.000 and that Bright should receive a \$20,000 salary allowance. Any remaining income or loss is to be shared equally. Determine each partner’s share of the current year’s net income of \$52.000

## Question: EBook Calculator Leno Manufacturing Company Prepared The Following Factory Overhead Cost Budget For The Press Department For October Of The Current Year, During Which It Expected To Require 18,000 Hou Productive Capacity In The Department: Variable Overhead Cost: Indirect Factory Labor \$169,200 Power And Light 6,840 Indirect Materials 55,800 Total Variable …

eBook Calculator Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 18,000 hou productive capacity in the department: Variable overhead cost: Indirect factory labor \$169,200 Power and light 6,840 Indirect materials 55,800 Total variable overhead cost \$231,840 Fixed overhead cost: Supervisory salaries \$81,140 Depreciation of plant and equipment 51,000 Insurance and property taxes 32,460 Total fixed overhead cost 164,600 Total factory overhead cost \$396,440 Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 16,000, 18,000, a 20,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers. Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 Direct labor hours Variable overhead cost Indirect factory labor 16,000 18,000 20,000 Der and he Check My Work 2 more Check My Work uses remaining Previous Ne All work saved Email Instructor Save and Exit Submit Assignment for

## Question: 20. On January 1, 2007, The Queen Corporation Issued 10 % Bonds With A Face Value Of \$100,000. The Bonds Are Sold For \$98,000, The Bonds Pay Interest Semlannually On June 30 And December 31 And The Maturity Date Is December 31, 2011. Queen Records Straight-line Amortization Of The Bond Discount. The Bond Interest Expense For The Year Ended December …

20. On January 1, 2007, the Queen Corporation Issued 10 % bonds with a face value of \$100,000. The bonds are sold for \$98,000, The bonds pay Interest semlannually on June 30 and December 31 and the maturity date is December 31, 2011. Queen records straight-line amortization of the bond discount. The bond Interest expense for the year ended December 31, 2007, is a. \$9,600 b. \$9,800 c. \$10,400 d. \$10,200 21. The budgetary unit of an organization which is led by a manager who has both the authority over and responsibilty for the unit’s performance is known as a: a. control center b. budgetary area c. responsibillity center d. managerial department 22. A formal written statement of management’s plans for the future, expressed In financial terms, is a: a. gross profit report b. responsibillty report c. budget d. performance report 23. An analysis of a proposal by the net present value method Indicated that the present value of future cash inflows exceeded the amount to be invested. Which of the following statements best describes the results of this analysis? a. The proposal is desirable and the rate of return expected from the proposal exceeds the minimum rate used for the analysis. b. The proposal is desirable and the rate of return expected from the proposal Is less than the minimum rate used for the analysis. The proposal is undesirable and the rate of return expected from the proposal Is less than the minimum rate used for the analysls. c PEED THIS DIRECTION

## Question: For Each Of The Following Scenarios: A) Prepare B) What Was The Amount Of Cash Received When The Bond Was Issued? An Amortization Schedule For 3 Years. C) What Amount Was Recorded As Bonds Payable When The Bond Was Issued? D) What Is The Amount Of Interest To Be Paid For The 2nd Year? E) What Is The Amount Of Interest Reported On The Income Statement …

For each of the following scenarios: a) Prepare b) What was the amount of cash received when the bond was issued? an amortization schedule for 3 years. c) What amount was recorded as Bonds Payable when the bond was issued? d) What is the amount of interest to be paid for the 2nd year? e) What is the amount of interest reported on the income statement for the 2nd year? f) Show how interest and bonds would be presented on the balance sheet after the 3rd year On January 1, 2016, Andy Corporation issued \$300,000, 7%, 10-year bonds at face value Interest is payable annually on January 1 1 January 1, 2016 for \$559,740 Buzz Corporation issued \$600,000, 7%, 10 year bonds on This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually premiums and discounts. 2. January 1. Buzz uses the effective-interest method to amortize bond on Slink Corporation issued \$450,000, 7%, 10-year bonds on January 1, 2016 for \$483,120 This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. Slink uses the effective-interest method to amortize bond premiums and discounts. 3.

## Question: A- Enter In The Values Into All 13 Of The Cells. B- In What Section Of The Balance Sheet Is The Pain-in Capital Account Listed? C- What Is The Only Item That Increases Retained Earnings? (a)- Dividends (b)- Net Income (c)- Expenses (d)- Common Stock

Plant Assets, Natural Resources,

## Question: Sachs Brands’ Defined Benefit Pension Plan Specifies Annual Retirement Benefits Equal To: 1.4% × Service Years × Final Year’s Salary, Payable At The End Of Each Year. Angela Davenport Was Hired By Sachs At The Beginning Of 2004 And Is Expected To Retire At The End Of 2038 After 35 Years’ Service. Her Retirement Is Expected To Span 18 Years. Davenport’s …

(For all requirements, do not round intermediate calculations. Round your final answers to nearest whole dollar.) Prior service cost 1 Prior service cost amortization 2 3 Service cost Interest cost 4 5 Pension expense

## Question: Refer To The Great Recession With Data Charts. You Should Describe How The Great Recession Affected The UK From Chart1 To 8 Use One Sentence Each Graph. Include How The Crisis Started, How It Evolved, And How Policy-makers Responded With Fiscal Or Monetary Policies. Remember To Establish Cause And Effect Connections Between The Graphs 1 To 8 By Reordering …

FRED-ie Tedency Sunves fr Keadom ring Capacty at fCpcty vlaion Bpn Commind dt for the id FRED- Tdy vy fr Cud t s ct C ite au 3 ed o Se Oai t ononc Cpon nd Devnet SOrnito tr tonomic C-ption and Develpment FRED- S Cue Pric dny t Comnd d t FRED Mday i e m Aawta 4 FRED-M he FRED- d i 4 La 140 30 30 2001 2 a 20 2000 ae 204 2 6 Soue a ngnd a Business tendency surveys (retail trade): Confidence indicators: Composite indicators: National indicator for the United Kingdom 30 20 10 -10 -20 -30 40 -50 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 fred stlouisfed.org Source: Organization for Economic Co-operation and Development Hourly Earnings: Manufacturing for the United Kingdom FRED 2006 2007 2000 2009 2011 2013 2014 2015 2016 2019 2010 2012 2017 2018 fred stlouisfed.org Source: Organization for Economic Co-operation and Development ea snowaud pouad awes agey yamous

## Question: F Its Stock Is \$17 Per Share. Element Water Sports Has 13,000 Shares Of \$2 Par Value Common Stock Outstanding. Element Distributes A Stock Dividend When The Market Value Read The Requirements. Requirement 1. Journalize Element’s Declaration Of The Stock Dividend On May 15 And Distribution On May 31. (Record Debits First, Then Credits. Select The Explanation …

f its stock is \$17 per share. Element Water Sports has 13,000 shares of \$2 par value common stock outstanding. Element distributes a stock dividend when the market value Read the requirements. Requirement 1. Journalize Element’s declaration of the stock dividend on May 15 and distribution on May 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of Requirements Acd Date May. 15 1. Journalize Element’s declaration of the stock dividend on May 15 and distribution on May 31. 2. What is the overall effect of the stock dividend on Element’s total assets? 3. What is the overall effect on total stockholders’ equity? Print Done f the s Now journalize the distribution Accoums aTma Expranauom Date Debit Creant May. 31 Choose from any list or enter any number in the input fields and then continue to the next question. This Question: 1 pt 15 of 15 (0 complete) This Test: 15 pts possible Element Water Sports has 13,000 shares of \$2 par value common stock outstanding. Element distributes a 10% stock dividend when the market value of its stock is \$17 per share. Read the requirements. Now journalize the distribution of the stock dividend on May 31. Accounts and Explanation Date Debit Credit May. 31 Requirement 2. What is the overall effect of the stock dividend on Element’s total assets? The stock dividends have on total assets Requirement 3. What the overall effect on total stockholders’ equity? on total stockholders’ equity. The stock dividends have Choose from any list or enter any number in the input fields and then continue to the next question.

## Question: . The Debits To Work In Process-Assembly Department For April, Together With Data Concerning Production, Are As Follows: April 1, Work In Process: Materials Cost, 3,000 Units \$7,500 Conversion Costs, 3,000 Units 2/3 Completed 6,000 Materials Added During April, 10,000 Units 26,000 Conversion Costs During April 31,000 Goods Finished During April, 11,500 …

. The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units \$7,500 Conversion costs, 3,000 units 2/3 completed 6,000 Materials added during April, 10,000 units 26,000 Conversion costs during April 31,000 Goods finished during April, 11,500 units April 30 work in process, 1,500 units, 1/2 completed ber of purchase ord .c00 nber of producion brders 40.000

## Question: Rowland Company Is A Small Editorial Services Company Owned And Operated By Fran Briggs. On August 31, 2018, The End Of The Current Year, Rowland Company’s Accounting Clerk Prepared The Following Unadjusted Trial Balance: Rowland Company Unadjusted Trial Balance August 31, 2018 Debit Credit Balances Balances Cash 3,580 32,500 Accounts Receivable Prepaid …

Rowland Company is a small editorial services company owned and operated by Fran Briggs. On August 31, 2018, the end of the current year, Rowland Company’s accounting clerk prepared the following unadjusted trial balance: Rowland Company Unadjusted Trial Balance August 31, 2018 Debit Credit Balances Balances Cash 3,580 32,500 Accounts Receivable Prepaid Insurance 6,060 Supplies 1,650 Land 95,570 Building 172,410 Accumulated Depreciation-Building 116,770 Equipment 114,850 Accumulated Depreciation-Equipment 83,170 Accounts Payable 10,190 Unearned Rent 5,780 80,000 Common Stock Retained Earnings 107,300 Dividends 12,670 Fees Earned 275,410 Salaries and Wages Expense 164,140 Utilities Expense 36,080 Advertising Expense 19,280 Repairs Expense 14,600 Miscellaneous Expense 5,230 678,620 678,620 The data needed to determine year-end adjustments are as follows: Unexpired insurance at August 31, \$4,060. Supplies on hand at August 31, \$500. Depreciation of building for the year, \$2,690. Depreciation of equipment for the year, \$2,330. Rent unearned at August 31, \$1,500. Accrued salaries and wages at August 31, \$2,630. Fees earned but unbilled on August 31, \$15,420.

## Question: On January 1, 2013, Piper Company Acquired An 80% Interest Respectively, Differences Between The Fair Value And The Book Value Of The Identifiable Assets Of Sand Company Were A Sand Company For \$2,369,300. At That Time The Common Stock And Retained Earnings Of Sand Company Were \$1,801,900 And \$733,200, Follows Fair Value In Excess Of Book Value Inventory …

On January 1, 2013, Piper Company acquired an 80% interest respectively, Differences between the fair value and the book value of the identifiable assets of Sand Company were a Sand Company for \$2,369,300. At that time the common stock and retained earnings of Sand Company were \$1,801,900 and \$733,200, follows Fair Value in Excess of Book Value Inventory \$44,200 Equipment (net) 50,400 accounted for on The book values of all other assets and liabilities of Sand Company were equal to their fair values on January a FIFO basis. Sand Company’s reported net income and declared dividends for 2013 through 2015 are shown here: 2013. The equipment had a remaining useful life eight years. Inventory 2013 2014 2015 Net Income \$95,500 \$146.600 \$77,200 Dividends 19.500 31.300 14,800 Prepare the eliminating/adjusting entries needed on the consolidated worksheet for the years ended 2013, 2014, and 2015. (c) Assume the use of the complete equity method. (If no entry is required, select “No Entry” for the account tit Date Account Titles and Explanation Debit Credit 2013 To eliminate intercompany dividends and income) (To iminate the imvestment account) To allocate and depreciate the difference between implied and book value) 2014 To eliminate intercompany dividends and income) To eliminate investment account and create noncontrolling interest account) To allocate and depreciate the difference between implied and book value) 2015 (To eliminate intercompany dividends and income) (To eliminate investment account and create noncontrolling interest account) (To allocate and depreciate the difference between im plied and book value)

## Question: 20. If Department K Had 2,000 Units, 45% Completed, In Process At The Beginning Of The Period, 12,000 Units Were Completed During The Period, And 1,200 Units Were 40% Completed At The End Of The Period, What Was The Number Of Equivalent Units For Conversion Of Production For The Period If The First-in, First-out Method Is Used To Cost Inventories A. …

20. If Department K had 2,000 units, 45% completed, in process at the beginning of the period, 12,000 units were completed during the period, and 1,200 units were 40% completed at the end of the period, what was the number of equivalent units for conversion of production for the period if the first-in, first-out method is used to cost inventories a. 11,580 b. 11,280 C. 13,680 900mar e d. 10,000 d1n nnn 000 ond thot

## Question: This Question: 1 Pt This Test: 15 Pts Possible 13 Of 15 (0 Complete) On January 1, 2018, Lambert Fisher Signed A \$200,000, 8-year, 12% Note. The Loan Required Lambert Fisher To Make Annual Payments On December 31 Of \$25,000 Principal Plus Interest Requirements 1. Journalize The Issuance Of The Note On January 1, 2018. 2. Journalize The First Note Payment …

This Question: 1 pt This Test: 15 pts possible 13 of 15 (0 complete) On January 1, 2018, Lambert Fisher signed a \$200,000, 8-year, 12% note. The loan required Lambert Fisher to make annual payments on December 31 of \$25,000 principal plus interest Requirements 1. Journalize the issuance of the note on January 1, 2018. 2. Journalize the first note payment on December 31, 2018. Requirement 1. Journalize the issuance of the note on January 1, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Date Accounts and Explanations Debit Credit 2018 Jan. 1 Cash Interest Expense Interest Payable Interest Revenue Requireme Notes Payable ber 31, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Date Accounts and Explanations Debit Credit 2018 Dec, 31 Choose from any list renter ann ettember in the input fields and then continue to the next question. This Question: 1 pt This Test: 15 pts possible 13 of 15 (0 complete) On January 1, 2018, Lambert-Fisher signed a \$200,000, 8-year, 12 % note . The loan required Lambert Fisher to make annual payments on December 31 of \$25,000 principal plus interest Requirements . Journalize the issuance of the note on January 1, 2018. . Journalize the first note payment on December 31, 2018. Jan. 1 Requirement 2. Journalize the first note payment on December 31, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Date Accounts and Explanations Debit Credit 2018 Dec. 31 Issued notes at discount. Issued notes at a premium. Paid principal and interest payment. Received cash in exchange for a note. Choose from any list or enter any number in the input fields and then continue to the next question.

## Question: On Janu Ay 1, 2013, Point Corporation Acquired An 80 % Interest In Sharp Company For \$1,974,000. At That Time Sharp Company Had Common Stock Of \$1.484,000 And Retained Earnings Of \$706,000. The K Woes Of Sharp Company’s Assets And Liabilities Were Equal To Their Fair Values Except For Land And Bonds Payable. The Land Had A Fair Value Of \$102.000 And …

On Janu ay 1, 2013, Point Corporation acquired an 80 % interest in Sharp Company for \$1,974,000. At that time Sharp Company had common stock of \$1.484,000 and retained earnings of \$706,000. The k woes of Sharp Company’s assets and liabilities were equal to their fair values except for land and bonds payable. The land had a fair value of \$102.000 and a book bondsee issued at par value om January 1. 2008, pay 10% annually and mature on Janaary 1. 2018. The bond principal is \$504,000 and the carrent yield rabe on similar coo. The outstanding bonds 0%. Your answwer is corect Prepare a Coemputation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper on the acquisition date. (Roundh wesnt value factor calcalations to 5 decimal places, g. 1.25136 and final amswes to 0 decimal places, eg. 5,125,) Parent Cont Share tire Valoe Shiare 1974000 2467500 Purchase Price and Implied Value 493500 Book Value of Equity Acquired 1752000 Less 438000 2190000 Difference between Implied and Book Value 55300 277500 222000 4400 22000 Land 17600 8050 32198 40248 Premium on Bonds Payable Balancer 236598 59150 295748 295748 Goodwll 59150 236598 Balance Your answor is partially correct. Try again. Prepare the workpaper entries necessary on December 31, 2013, to allocate and depreciate the difference between book value and the value implied by the purchase price. places, e.g. 5,125. If no entry is required, sefect “No Entry” for the account titles and enter o for the anounts. Credit account titles are automatically indented when the amo manually.) Account Titles and Explanation Debit Credit Land 22000 Goodwill 295748 Difference between Implied and Book Valu 277500

## Question: 21. The Collins Company Forecasts That Total Overhead For The Current Year Will Be \$12,000,000 And That Total Machine Hours Will Be 200,000 Hours. Year To Date, The Actual Overhead Is \$8,000,000 And The Actual Machine Hours Are 100,000 Hours. If The Collins Company Uses A Predetermined Overhead Rate Based On Machine Hours For Applying Overhead, What …

21. The Collins Company forecasts that total overhead for the current year will be \$12,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is \$8,000,000 and the actual machine hours are 100,000 hours. If the Collins Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate? a. \$80 per machine hour b. \$120 per machine hour c.\$40 per machine hour d. \$60 per machine hour

## Question: Cheap Quality Furniture, Inc. Completed The Following Treasury Stock Transactions In 2018: (Click The Icon View The Transactions.) Requirements 1. Journalize These Transactions. Explanations Are Not Required. 2. How Will Cheap Quality Furniture, Inc. Report Treasury Stock On Its Balance Sheet As Of December 31, 2018? Requirement 1. Journalize These …

Cheap Quality Furniture, Inc. completed the following treasury stock transactions in 2018: (Click the icon view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Cheap Quality Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) De 6 per share. More Info De Dec. 1 Purchased 1,800 shares of the company’s \$1 par value common stock as treasury stock, paying cash of \$6 per share. 15 Sold 800 shares of the treasury stock for cash of \$9 per share. 20 Sold 600 shares of the treasury stock for cash of \$1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is \$2,700.) De Print Done De enter any number in the input fields and then continue too the next question Choose from any list

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