QUESTION Given:Fair value of leased asset=600000Useful life=10 yearslease term=7yearsPayment frequency=annualPayment timing=beginning of yearresidual value(unguaranteed)=35000interest rate implicit in the lease=6%Lessee’s incremental borrowing rate=5%ASK:Determine the amount of lease payment that the lessor would require to lease the asset.I have figured out that the present value of ungauranteed residual value is 23277.I don’t understand how to get the […]
QUESTION Intercultural CommunicationsGeert Hofstede is one of the leading experts on intercultural communications. Use the website,http://www.geert-hofstede.com/hofstede_dimensions.php, to compare your home culture with anotherculture that interests you. Write a 4-6 paragraph essay describing the key differences between the twocultures and how those differences might impact your communications. Consider as many of thecomponents of the communication process […]
QUESTION A and B each contribute $100 cash to the AB partnership, which uses the cash to buy land. The landincreases in value to $300, and then A sells his PSI to D for $150. Assuming a valid section 754election is in place, what is the amount of Dâs sec. 743(b) adjustment? What would happen […]
QUESTION Bond T is a 10% coupon bond, has 11 years to maturity, makes semiannual payments, and has a yield to maturity of 7%.a) what is the bond price is the face value is $1,000?b) If interest rates suddenly rise by 2%, what will be the percentage change in the price of Bond T? […]
QUESTION On 2010 September 30, Domingo’s Construction Company issued USD 120,000 face value of 12 percent, 10-year bonds dated 2010 August 31, at 100, plus accrued interest. Interest is paid semiannually on February 28 and Aug 31. Domingo’s accounting year ends on December 31. Prepare journal entries to record the issuance of these bond, the […]
QUESTION Hi Man! Can you help me tonight? I have a lot of problems to solve. Thanks!LIFO tends to decrease taxes when_______. (Points : 1) costs are declining costs are constant costs are increasing LIFO will always yield the lowest possible taxesQuestion 2.2.Which of the following inventory costing methods requires a company to keep track […]
QUESTION Asset AccountsLiability AccountsAcct #CashBaking SuppliesPrepaid RentPrepaid InsuranceBaking EquipmentMisc. SuppliesAccounts ReceivableAccumulated DepreciationEquity AccountsAcct #101 Notes Payable102 Accounts Payable103 Wages Payable104 Interest Payable105106107108Acct #201 Common Stock202 Dividends203204301302Revenue AccountsAcct #Bakery SalesMerchandise SalesThis chart of accounts should help you identify the appropriate accounts to record to as you are analyzing andjournaling transactions for this workbook. There is nothing […]
QUESTION DQ 1Peter Lynch (a legendary investment fund manager) once said that he wouldn’t invest in a company unless he could explain its business in five minutes or less to his 12 year old son. Why is the 60 second elevator pitch so important?How might you explain a high-tech idea to someone who is not […]
QUESTION DQ 1Why should small business owners and entrepreneurs spend time planning for their business when creating the business takes so much effort?Does failing to plan mean that one plans to fail?DQ 2What is the necessary requirement to turn a business idea into a business? If you don’t have customers willing to buy your new […]
QUESTION Newton Company issued $536,000, 7%, 10-year bonds on December 31, 2013, for $493,120. Interest is payable semiannually on June 30 and December 31. Newton Company uses the straight-line method to amortize bond premium or discount.Prepare the journal entries to record the following.(Credit account titles are automatically indented when amount is entered. Do not indent […]
