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Give the other details relating to supplies as to what is the trial balance balance.

Gross profit ratio is (gross profit / sales) x 100 and not COGS/ Sales

The denominator should be sales and not total income

Yield to maturity = 14%
After-tax cost of debt = 14% (1 - 40%)
= 8.4%

Book value of shares = 3,750,000,000
Common shares = 50,000,000
Book value per share = 3,750,000/ 50,000,000
= $75

Market/ book ratio = Market value per share/ bookvalue per share = 1.9
Market...

Book value of shares = 3,750,000,000
Common shares = 50,000,000
Book value per share = 3,750,000/ 50,000,000
= $75

Market/ book ratio = Market value per share/...

rate of return on preferred stock = preferred dividend/ Current market price of preferred stock

6% = 7.00/ price of preferred stock

Price of preferred stock = 7.00/ 6%

...

Rate of reurn on preferred stock = Preferred dividend/ Current market price of preferred stock

Debit Cash 7,000
Credit Services revenue 7,000

It is
Debit Materials
Credit Accounts payable

Statement of owners' equity and statement of changes to owners' equity are one and the same. The statement is as follows:
Beginning owners' capital xxx
Add net income ...

1)
Cost of debt K d = I (1 – t) + (f – Pi) /Nm/(SV + RV)/2
I = 8% of 1000 = 80; t = 0.34; f = 15% of 1035 = 155.25
Pi = premium on issue = 1035 – 1000 = 35
N m = Term of debt = 16 years
SV =...

Option 1: 10,000 now

Option 2: 2,000 a year for 8 years
Present value of future cash flows = 2000 * 4.968(PV factor of an annuity for 8 years @ 12%)
= $9,936

Option 3: 24,000 at the end of 8...

Db Interest receivable (current asset account)
Cr Interest income account (revenue account)

Yes you are correct.

-period expense

Cost of equity Ke = D1/P0 + g
13% = 2.5/P0 + 4%
P0 = 2.5/(13% - 4%)
Price of equity = $27.78

Pension fund

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COST OF EQUITY ke = D1/P0 + g
16% =3.75/P0 + 8%
P0 = 3.75/(16% - 8%)
Pric of equity = $ 46.88

Total market value of the firm = Market value of debt + Market value of equity

http://www.epcc.edu/Faculty/ninog/Acnt2303/Chapter8part2.doc

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14.487 is the table value for compounding factor @ 8% for 10 years.

Future value of cash flow = Cash flow * Compounding factor @ 2.5% for 12 years
Interest is compounded 4 times thus rate of interest will be 10%/4 = 2.5%
Interest is compounded 4 times in a year...

Option 1: 10,000 now

Option 2: 2,000 a year for 8 years
Present value of future cash flows = 2000 * 5.146 (PV factor of an annuity for 8 years @ 11%)
= $10,292

Option 3: 24,000 at the end of...

Cash flows* PV factor@11% Present value
2* 0.901= 1.8
2.2 *0.812= 1.79
2.4* 0.731= 1.75
30* 0.731= 21.93
Total present value of future benefits = $27.27

the correct answer is as follows:

Present value cash flows of an annuity * FV factor for an annuity @8% for 10 years = Future value
Present value cash flows of an annuity = 28,974/14. 487
=...

1)
Present value of future cash flows = Future cash flow * PV factor @8% for 10 years
= 28,974 * 0.463
= 13,415
2)
Present value cash flows of an annuity * PV...

Demonstration products, Products distributed as free samples are treated as cost incurred to promote the product therefore taken as advertisement expenses. If the amount of advertisement expense is...

Option 1: 10,000 now

Option 2: 2,000 a year for 8 years
Present value of future cash flows = 2000 * 5.146 (PV factor of an annuity for 8 years @ 11%)
= $10,292

Option 3: 24,000 at...

Cash flows PV factor@11% Present value
2 0.901 1.8
2.2 0.812 1.79
2.4 ...

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If inventory increases during the year, how is that shown on the statement of cash flow?
B. dedcution in the operating activities section

The gain on the sale of a building would be shown where...

Kp = D/SV
= 9/76
=0.12 or 12%

Yes You Have Done That Correctly.

Break even point (in sales dollars) = fixed cost/contribution margin ratio
Contribution margin ratio = 100% - variable cost ratio
= 1010% - 65%
...

Break even point (sales turnover) = fixed cost/contribution margin
= 30,000/(25 - 15)
= 30,000/10
= 3,000 units

Break even point (in units) = Fixed cost/Contribution margin
Break even point = Fixed cost/contribution margin ratio
Contribution margin ratio = contribution * 100/sales

1)
cost of preferred stock kp = D/SV
6% = 6/SV
SV = 6/6%
SV = price of preferred stock = $100
2)
14% = 6/SV
SV = 6/14%
Price of preferred stock = $42.86
3)

Send the question once again. I think there is something missing. What is the method of amortization of bond premium?

2. Standard costs are used in which of the following phases of the management process?

D. Both a and b.

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Cbdd.wsu.edu/kewlcontent/cdoutput/TOM505/page26.htm - 13k -
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Machinery for research is a capital expenditure. All research expenditure will be expensed in the year they are incurred.

Assets are broadly classified as current assets(which can be easily converted into cash in a period less than 1 year) and fixed assets & investments(which cannot be converted into cash in a period...

C-V-P equation = sales - variable cost = contribution = fixed cost - profit
Sales = 895 * 375 = 335,625
Variable cost = 520 * 375 = 195,000
Fixed cost = 84,500
Profit = contribution - fixed cost...

No. Inventory cost is the cost of raw material consumed during a period. Inventory cost = Beginning raw material + purchases of raw material - ending raw material. Cost of goods sold...

No. Patents are not current assets but fictitious assets. There is no physical asset existing in the business but the benefit out of acquring the asset is enjoyed by the business and therefore the...

Net income for the year or net loss for the year is transferred from income statement to statement of owner's equity,

Net income = service revenue –salary and utility +additional monthly revenues – additional expenses
Net income = 14300 – 3400 – 900 +2100 -5750 = 6350
20 times of net income = 20*6350 = 127000...

Adjusting entries:
(a)
Office supplies expenses(6375-5010) 1365
Office supplies 1365
(b)
Photo supplies expenses(11630-2610) ...