QUESTION REQUIRED: Redo Alpine, Inc.âs 2012 Income Statement in the contribution format. Show both a total column and a per unit column on your statement. Income Statement for the year 2012 Particulars Per Unit $ Total $ Sales in units 40,000 Selling price 12 480000 Less Variable Expenses Direct Material 3 120,000 Direct Labour 1.64 […]
QUESTION Picard Enterprises purchased a spaceship on November 1, 2014 for $120 million. Test runs and weapon system checks costing $20 million were performed to prepare the spaceship for duty. Picard estimates that the ship will last 6 years and can be sold at a salvage value of $20 million. Picard uses the straight-line method […]
QUESTION Assignment Topic:One of the main ways in which the âveil of incorporationâ can be lifted is when directors breach their duties. This essay question is set around the duty to prevent insolvent trading. You will need to have read the chapter in your prescribed text that deals with this duty and have then researched […]
QUESTION How do i calculate the finance portion of a cash budget? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION 1.Watson Company pays approximately $30,000 in property taxes per year. The bills are received in September and are paid in December. Watson chooses to accrue property tax expense each month throughout the year. After all the bills are received at the end of September, what would be a good estimate for the balance in […]
QUESTION On January 1, 2016, Gates Corporation issued $100,000 of 5-year bonds due December 31, 2020, for $103,604.79 minus bond issue costs of $3,000. The bonds carry a stated rate of interest of 13% payable annually on December 31 and were issued to yield 12%. The company uses the effective interest method of amortization.Required:Prepare the […]
QUESTION The City Building Authority (CBA) was created by the city and organized as a separate legal entity. The CBA was created for the purpose of obtaining financing for the construction of buildings, parking lots, and recreational facilities for use solely by the city, along with acquiring the necessary sites to go with such facilities, […]
QUESTION Polk Incorporated issued $213,000 of 9% bonds on July 1, 2016, for $220,918.63. The bonds were dated January 1, 2016, pay interest on each June 30 and December 31, are due December 31, 2020, and were issued to yield 8%. Polk uses the effective interest method of amortization.Required:Prepare the journal entries to record the […]
QUESTION I have 2 assignments for you, The first is due Wednesdayâ¦To prepare: Imagine a situation in which you would like to predict an outcome. Think about why you would choose touse regression rather than correlation. Why is prediction more important than simply describing a relationship?Post by Day 3 a description of a scenario where […]
QUESTION Chowan Corporation issued $136,000 of 7% bonds dated January 1, 2016, for $131,421.73 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 8%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization.Required:Prepare the journal entries to record the issue […]
