On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $920 for $95,800. The bonds had a stated rate of 5% and paid interest semi-annually. What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. Jan. 1
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- CengageNOWv2 | Online teachin X = Ch. 12 Key Terms - Principles of A X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ow to Cancel Your. F Startup Opportuniti. V How brands are co... Assignment Practic.. A COVID-19 Student. . C20-128PR01-: Record the journal entries for each of the following payroll transactions. If an amount box does not require, leave it blank. Apr. 2 Paid $640 and $300 cash to a federal depository for FICA Social Security and FICA Medicare, respectively. Apr. 4 Paid accumulated employee salaries of $16,220. Apr. 11 Issued checks in the amounts of $480 for federal income tax and $300 for state income tax to an IRS-approved bank. Apr. 14 Paid cash to health insurance carrier for total outstanding health insurance liability of $800. Apr. 22 Remitted cash payments for FUTA and SUTA to federal and state unemployment agencies in the amounts of $130 and $250, respectively. Аpг. 2 Apr. 4 Apr. 11 Apг. 14 Apг. 22 78°F…engageNOWv2 | Online teachin x = Ch. 12 Key Terms - Principles of A X /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false p Cancel Your. F Startup Opportuniti.. V How brands are co... Assignment Practic.. A COVID-19 Student. Нос С20-13 Bhakti Games is a chain of board game stores. Record entries for the following transactions related to Bhakti's purchase of inventory, A. On October 5, Bhakti purchases and receives inventory from XYZ Entertainment for $5,500 with credit terms of 2/10 net 30, B. On October 7, Bhakti returns $1,600 worth of the inventory purchased from XYZ. C. Bhakti makes payment in full on its purchase from XYZ on October 14. If an amount box does not require an entry, leave it blank. А. В. 78°F CloudyngageNOWv2 | Online teachin x = Ch. 12 Key Terms - Principles of A X takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Cancel Your... F Startup Opportuniti. V How brands are co.. Assignment Practic... COVID-19 Student.. C20-128PR01-2016... O Final Exam Review Eli Inc. issued $110,000 of 10% annual, 4-year bonds for $112,800. What is the total amount of interest expense over the life of the bonds?
- geNOWv2 | Online teachin x + eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false * O cel You.. F Startup Opportuniti. V How brands are co.. Assignment Practic... A COVID-19 Student.. C20-128PRO1-2016.. Final Exam Review -. G Professional Certific. Falkland, Inc., is considering the purchase of a patent that has a cost of $51,000 and an estimated revenue producing life of 4 years. Falkland has a cost of capital of 12%. The patent is expected to generate the following amounts of annual income and cash flows: Year 1 Year 2 Year 3 Year 4 Net income $5,100 $6,500 $6,300 $3,000 Operating cash flows 17,000 18,300 18,450 15,100 (Click here to see present value and future value tables) A. What is the NPV of the investment? Round your present value factor to three decimal places and final answer to the nearest dollar. B. What happens if the required rate of return increases? If the required rate of return increases, Previous NextungageNOWv2 | Online teachin x takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false * O H. C20-128PR01-2016. O Final Exam Review -. G Professional Certific. Cancel Your. F Startup Opportuniti. V How brands are co. A Assignment Practic. A COVID-19 Student. Extreme Sports sells logo sports merchandise. The company is contemplating whether or not to continue its custom embroidery service. All of the company's direct fixed costs can be avoided if a segment is dropped. The information is available for the segments. Custom Logo Embroidery Apparel Sales $61,000 $249,000 Variable costs 31,000 110,000 Contribution margin $30,000 $139,000 Direct fixed costs 22,000 40,000 Allocated common fixed costs 13,000 50,000 Net income $(5,000) $49,000 A. What will be the impact on net income if the embroidery segment is dropped? Net income $ B. Assume that if the embroidery segment is dropped, apparel sales will increase 10%. What is the impact on the contribution…gageNOWv2 | Online teachin keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false * O ancel Your. F Startup Opportuniti. V How brands are co. Assignment Practic. A COVID-19 Student. * C20-128PRO1-2016.. O Final Exam Review -. Professional Certific. Assume Skyler Industries has debt of $4,841,000 with a cost of capital of 7.6% and equity of $5,459,.000 with a cost of capital of 10.4%. What is Skyler's weighted average cost of capital? Round your intermediate calculations and final answer to 3 decimal places, Previous Next
- IOWv2 | Online teachin X + ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Your... Startup Opportuniti. V How brands are co... A Assignment Practic... A COVID-19 Student. C20-128PR01-2016... O Final Exam Review -.. During the current year, Sokowski Manufacturing earned income of $332,760 from total sales of $5,640,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. times B. Assume sales margin is 5.9%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. %CengageNOWv2 | Online teachir + /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Cancel Your.. Startup Opportuniti. V How brands are co... A Assignment Practic. A COVID-19 Student. * C20-128PRO1-2016. A Final Exam Review -. G Professional Certific. During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of $5,200,000 and average capital assets of $12,200,000. What is the sales margin? If required, round your answer to one decimal place. Previous NextgeNOWv2 | Online teachir + eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false cel Your. F Startup Opportuniti. V How brands are co.. Assignment Practic... A COVID-19 Student. . C20-128PRO1-2016. O Final Exam Review -. G Professional Certific. Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the past year, Jefferson reported an after-tax income of $7 million. Total interest expense was $3,000,000, and the hospital tax rate was 30%. Total assets totaled $69.9 million, and non-interest-bearing current liabilities were $22,700,000. The required rate of return established by Jefferson is equal to 17% of invested capital. What is the residual income of Jefferson Memorial Hospital? Enter your answer in whole dollar. Previous Next
- NOWw2 | Online teachir + signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false F Startup Opportuniti. V How brands are co. Your.. Assignment Practic. A COVID-19 Student.. O Final Exam Review -. C20-128PR01-2016... Professional Certific. Marcotti Cupcakes bakes and sells a basic cupcake for $1.25. The cost of producing 600,000 cupcakes in the prior year was: Revenues $750,000 Direct materials 330,000 Direct labor 66,000 Manufacturing overhead (fixed) 132,000 Manufacturing overhead (variable) 84,000 At the start of the current year, Marcotti received a special order for 16,000 cupcakes to be sold for $1.10 per cupcake. To complete the order, the company must incur an additional $800 in total fixed costs to lease a special machine that will stamp the cupcakes with the customer's logo. This order will not affect any of Marcotti's other operations and it has excess capacity to fulfill the contract. Should the company accept the special order? profit will -…mageNOWv2 | Online teachin + keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ncel Your.. F Startup Opportuniti. V How brands are co.. Assignment Practic.. A COVID-19 Student. C20-128PRO1-2016. O Final Exam Review -. G Professional Certific. Assume a company is going to make an investment of $460,000 in a machine and the following are the cash flows that two different products would bring in years one through four. Option A, Option B, Product A Product B $190,000 $155,000 190,000 180,000 65,000 65,000 25,000 70,000 A. Calculate the payback period of each product. Round your answers to 2 decimal places. Option A, Product A years Option B, Product B years B. Which of the two options would you choose based on the payback method? Previous NeengageNOWv2 | Online teachin + /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Cancel Your. Startup Opportuniti. V How brands are co.. Assignment Practic. A COVID-19 Student. w C20-128PRO1-2016. O Final Exam Review -. G Professional Certific. Redbird Company is considering a project with an initial investment of $300,000 in new equipment that will yield annual net cash flows of $57,626 each year over its seven-year life. The company's minimum required rate of return is 12%. (Click here to see present value and future value tables) A. What is the internal rate of return? B. Should Redbird accept the project based on IRR? Previous Next
