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Using these Ratios that have been Computed from financial statements:
Current ratio = 1.75... (70,000 / 40,000)
Debt-to-equity ratio = .83... (100,000 / 120,000)
Return on sales = .10... (40,000 /...

The Problem is:
The balance sheet fot the BDare Company showed liabilities and stockholders' equity balances at the end of each year as given below:

____________________________ 2008_________ ...

1.The following transactions relate to the stockholders' equity transactions of Lindsay Corporation for its initial year of existence.

(a) Jan. 7 Articles of incorporation are filed with the...

7. On January 2, 2005, the Wilcox Studios leased six computers for use in the engineering department. The lease period is for 13 years and the estimated economic life of the leased property is 15...

Steinar loaned a friend $9,500 three years ago to buy some stock. In the current year the debt became worthless. a. How much is Steinar's deduction for the bad debt for this year? (assume he has no...

My question is I am single taxpayer, and I received $6,000 in Social Security benefits. My adjusted gross income for the year was $18,000 not including my social security benefits and I also received...

The cost (FIFO method) of locus invontory at July 31, was $32,439. The market value at July 31, of this inventory was 31,833.

How do I do an adjusting journal entry for this?

Do I dr income...

Hi
I would like to know what a principle-based system of accounting is and what would be the advantages and disadvantages of it.
Thanks
fustrated:)

I have prepared an income statement including earnings per share data, for the year ended December 31, 2008 and I would like to have someone take a look and see if I did it correctly. If it is not...

Hi
I would like someone to check to see if I did this correctly, if I did not then please help.
Thanks
The Problem is:
The following pretax amounts pertain to River Corp. for the year ended...

Hello Theonenonly
You are not alone, many of us feel some of the same feelings, It is normal to feel blue.
I think that it is possible that you are getting depressed but many of us do. The key is...

There was no finished goods inventory on July 1, 2008, for Royal Essentials. The company operated the manufacturing facility at 100% of capacity during July. The following data summarize the...

Hello
I need someone to help me figure this out. Please I have started am I doing it correctly?

The estimated total factory overhead cost and total machine hours for Department 40 for the...

Hi
could someone please let me know if this is correct?
If not please help me.
Thanks
:)
The inventory at May 1 and the costs charged to Work in Process_ Department B during May for Star...

I have been trying to work this problem out & I'm drawing a blank. Can someone check out what I have started and show me where to go from here. PLEASE

PROBLEM IS:
Prine Co. manufactures...

Hi
I would appreciate it if someone will check out my problem and see if I did it correctly, and if not help me out.
Thanks

The problem is:

Currently, the unit selling price is $30, the...

Hi everyone,

Royal Essentials, Inc. begin operations on January 1, 2008. The company produces a hand and body lotion in an eight-ounce bottle called Eternal Beauty. The lotion is sold wholesale...

I just found out that my system has a short in the wire that is to the switch and the lights, so I replaced this with new and now my system is working.
Thanks
For your answers anyway.
fustrated

Yesterday I logged on and windows came up as usual, then I tried to dial up and all the sudden my screen went black, I re booted and pushed f1 nothing, then f10 system restore. My compaq presario...

Analysis of Financial Statements - by Leopold A. Bernstein, John J. Wild - 529 pages
Financial accounting - by Gary A. Porter, Curtis L. Norton
Home Health Financial Management - by Tad McKeon,...

From the following data determine for the current year the a rate earned on total assets, b. rate earned on stockholders' equity, c. rate earned on common stockholders' equity, d. earnings per share...

Thank you, for all your help
fustrated

I am not sure. It is just on a list from the balance sheet. I will have to dig deeper and find out.

Thank so much for your help
Very much appreciated.

fustrated

Do you include accrued liabilities when figuring the liabilities for getting your quick ratio and or acid-test ratio:confused:

I know I include accounts payable, income tax payable, notes...

Thank you for your help.:)

The problem is: On the first day of the current fiscal year, 2,000,000 of 10-year, 7% bonds, with interest payable annually, were sold for $2,125,000. Present entries to record the following...