Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment purchased for $52,000 on January 3, 2013, has an estimated life of 5 years and an estimated salvage value of $4,500. The firm uses the straight-line method of depreciation. Determine the adjustment for the month ended January 31, 2013.

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## Bonds are sold at a premium if the: a. market rate of interest was more than the face rate at the…

Bonds are sold at a premium if the: a. market rate of interest was more than the face rate at the time of issue. b. market rate of interest was less than the face rate at the time of issue. c. issuing company has a better reputation than other companies in the same business. I’m assuming the answer is “”a. market rate of interest was more than the face rate at the time of issuance””. but I wanted to confirm. Thanks!

## Suppose Christopher Beasley deposited a $1,000 in a bank that pays him 8% compounded quarterly. How.

Suppose Christopher Beasley deposited a $1,000 in a bank that pays him 8% compounded quarterly. How much will the bank owe him at the end of one year and then the 2^nd year? The Wendell’s son will need $17,000 in 5 years to help pay for his college education. What lump sum, deposited today at 7% compounded quarterly. How much must they deposit today to meet their education goal?

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Suppose Christopher Beasley deposited a $1,000 in a bank that pays him 8% compounded quarterly. How much will the bank owe him at the end of one year and then the 2^nd year? The Wendell’s son will need $17,000 in 5 years to help pay for his college education. What lump sum, deposited today at 7% compounded quarterly. How much must they deposit today to meet their education goal?

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## Explain Points which Describe what is Accrued mean?…

4.3 Ponits Describe what Accrued measn? IMPORTANT! Show all your work where appropriate. No credit can be given if you don’t show your logic/calculations.

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4.3 Ponits Describe what Accrued measn?

IMPORTANT! Show all your work where appropriate. No credit can be given if you don’t show your logic/calculations.

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## You are taking systematic risk and unsystematic risk if you invest in a well-diversified portfolio..

You are taking systematic risk and unsystematic risk if you invest in a well-diversified portfolio. True or False?

## Revenues generated by a new fad product are forecast as follows: $60,000 in year one, $40,000 in…

Revenues generated by a new fad product are forecast as follows: $60,000 in year one, $40,000 in year two, $30,000 in year three, $10,000 in year four and $0 in each year after. Expenses are expected to be 30% of revenues, and working capital required in each year is expected to be 10% of revenues in the following year. The product requires an immediate investment of $81,000 in plant and equipment. a) What is the initial investment in the product? Remember working capital. b) If the plant and equipment are depreciated over 4 years to a salvage value of zero using straight-line depreciation, and the firm’s tax rate is 20%, what are the project cash flows in each year? Assume the plant and equipment are worthless at the end of 4 years. c) If the opportunity cost of capital is 10%, what is the project’s NPV?

## The budget of four companies yield the following information: Fill in the blanks for each missing…

The budget of four companies yield the following information: Fill in the blanks for each missing value. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Begin by calculating the breakeven sales dollars for company Sunny. Calculate the breakeven sales dollars for company Rainy. Calculate the breakeven sales dollars for company Cloudy. Calculate the breakeven sales dollars for company Windy. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point?

## 2-6 Comprehensive project FCF The TCM Petroleum is an integrated olid company headquartered in Fort.

2-6 Comprehensive project FCF The TCM Petroleum is an integrated olid company headquartered in Fort Worth Texas Historical income statements for 2014 and 2015 are found below (dollar figure are in the millions):

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2-6 Comprehensive project FCF The TCM Petroleum is an integrated olid company headquartered in Fort Worth Texas Historical income statements for 2014 and 2015 are found below (dollar figure are in the millions):

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## Wlacek Corporation has received a request for a special order of 5,500 units of product F65 for…

Wlacek Corporation has received a request for a special order of 5,500 units of product F65 for $27.40 each. Product F65’s unit product cost is &27.15, determined as follows: Direct labor is a variable cost. The special order would have no effect on the company’s total fixed manufacturing overhead costs. The customer would like modifications made to product F65 that would increase the variable costs by $3.80 per unit and that would require as investment of $27,000 in special molds that would have no salvage value. This special order would have no effect on the company’s other sales. The company has ample spare capacity for producing the special order. If the special order is accepted the company’s overall net operating income would increase (decrease) by: $3.250 $1.375 $(82.225) $(46.525)

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Wlacek Corporation has received a request for a special order of 5,500 units of product F65 for $27.40 each. Product F65’s unit product cost is &27.15, determined as follows: Direct labor is a variable cost. The special order would have no effect on the company’s total fixed manufacturing overhead costs. The customer would like modifications made to product F65 that would increase the variable costs by $3.80 per unit and that would require as investment of $27,000 in special molds that would have no salvage value. This special order would have no effect on the company’s other sales. The company has ample spare capacity for producing the special order. If the special order is accepted the company’s overall net operating income would increase (decrease) by: $3.250 $1.375 $(82.225) $(46.525)

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## depreciation expense

Mitchell Corporation bought equipment on January 1, 2010. The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years. The depreciation expense using the straight-line method of depreciation is$17,500.$18,000.$12,500.None of the above.