ompany issues 7%, 7-year bonds with a par value of $170,000 on January 1 at a price of $179,602, when ment is Multiple Choice O $11,900 $10.200 $5,100 $5.950.
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- A company's normal selling price for its product is $25 per unit. However, due to market competition, the selling price has fallen to $20 per unit. This company's current FIFO inventory consists of 150 units purchased at $21 per unit. Net realizable value has fallen to $18 per unit. Calculate the value of this company's inventory at the lower of cost or market. Multiple Choice $2.700. $2.800 $2.650 ere to search 502 PM 96% 3/1/202On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is: Multiple Choice $8.400. $0. $3,600. 9:37 PM e here to search W P 99% 2/21/2022Brownley Company has one service department and two operating (production) departments. Payroll Department costs are allocated To the two operating departments in proportion to the number of employees in each. Listed below are the operating data for the current period: Multiple Choice Department Payroll Milling Assembly The total cost of operating the Milling Department for the current period is: $19,600. Direct Expenses $ 28,000 $89,400. No. of Employees 81,000 110,800 45 105
- On July 1, 2021, Markwell Company acquired equipment. Markwell paid $167,500 in cash on July 1, 2021, and signed a $670,000 noninterest- bearing note for the remaining balance which is due on July 1, 2022. An interest rate of 5% reflects the time value of money for this type of loan agreement. (PV of $1, PVA of $1) (Use appropriate factor(s) from the tables provided.) For what amount will Markwell record the purchase of equipment? Multiple Choice $705,595 $797,977. $837.500. { Prev 15 of 15 NextMutiple Choice O $72.00 O $500 O $400Use the following to answer the question below. Reserve Requirement Ratio 25.8% Initial Deposit $1 290 How much is the total change in deposits? a. $6 000 D. $7 441.86 O b. $4 500 O C. 54 999.99 O d. $6 000 D. $7 441.86
- The balance sheet of Cattleman's Steakhouse shows assets of $104,400 and liabilities of $30,000. The fair value of the assets is $112.500 and the fair value of its liabilities is $30,000. Longhorn paid Cattleman's $140,000 to acquire all of its assets and liabilities. Longhorn-should record goodwill on this purchase of: Muitiple Choice $27,500. $41.100. $98,600.A company that was to be liquidated had the following liabilities: Income Taxes Notes Payable secured by land Accounts Payable $ 15,000 120,000 48,000 Salaries Payable ($18,000 for Employee #1 and $5,000 for Employee #2) Administrative expenses for liquidation The company had the following assets: 23,000 Current Assets Land Building Saved 25,000 Book Fair Value Value $130,000 $115,000 60,000 100,000 175,000 220,000 Total liabilities with priority are calculated to be what amount? Multiple Choice О $106,650. $38,000.|- Chapter 5 Saved Help N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1.03000 0.97087 2 1.06090 0.94260 1.0000 0.97087 1.0300 00000 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 3.0909 2.82861 3.1836 2.91347 4.1836 3.71710 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 6.41719 71.22987 0.81309 8 1.26677 0.78941 9 1.30477 0.76642 | 10.1591 7.6625 6.23028 7.8923 8.8923 7.01969 9.1591 7.23028 7.78611 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611 9.53020 11 |1.38423 0.72242 12 1.42576 0.70138 | 14.1920 13 1.46853 0.68095| 15.6178 10.63496 12.8078 9.25262 13.1920 9.95400 14.6178 10.25262 16.0863 |10.95400 17.5989 11.63496 14 4.51259 0.66112 17.0863 11.29607 15 1.55797 0.64186 19.1569 |12.29607 20.7616 12.93794 18.5989 11.93794 16 1.60471 0.62317| 20.1569 |12.56110 Today. Thomas deposited $190,000 in a 2-year, 12% CD that compounds quarterly. What is the maturity value of the CD?
- ACTIVITY 1: Solve each of the following problems: Complete the following table. Original Price Trade Discount Discount Rate Discounted Price ₱ 6,500 ₱ 1,200 ₱ 500 10% ₱ 2100 ₱ 5,600 ₱ 27,800 35 %See question in picture . Multiple choice options as follows : A. $4.00 B.$15.00 C. $18.00 D.$60.00Question: A debenture of $100 each is issued at $90 per debenture. How much is the discount? A. $0 B. full C . $10 D. $90
