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Big accounting problem   Sears Corporation prepares quarterly financial statements. The balance sheet at 12/31/11 is presented below. Balance Sheet 12/31/2011 Cash $24,300 Accounts payable $22,370 Accounts receivable 22,400 Common stock 85,000 Allowance for doubtful accounts (1,200) Retained earnings 23,130 Land 20,000 Equipment 30,000 Accumulated depreciation – equipment (20,000) Building 70,000 Accumulated depreciation – building […]

Bond Amortization Table TONG Incorporated issues 10-year bonds with a face value of $330,000 and a stated annual interest rate of 10%, paid semi-annually. The bonds sold at a price of 89 (89% of face value). The effective annual interest rate is 12%. -Prepare the bond amortization table for these bonds for the first 4 […]

help im confused Sanders Company reports the following information for 2012: cost of goods manufactured $69,500 Direct materials used $27,000 Direct labor incurred $25,000 Work in process inventory, January 1, 2012 $11,000 Factory overhead is 75% of the cost of direct laor. Work in process inventory on December 31, 2012 is: a. $22,500 b. $12,250 […]

Tighe Corporation is contemplating Tighe Corporation is contemplating purchasing equipment that would increase sales revenues by $420,000 per year and cash operating expenses by $231,000 per year. The equipment would cost $747,000 and have a 9 year life with no salvage value. The annual depreciation would be $83,000. The simple rate of return on the […]

Tony Hawk Tony Hawk’s Adventure (THA) issued callable bonds on January 1, 2012. THA’s accountant has projected the following amortization schedule from issuance until maturity: Date Cash Interest Increase in Carrying Paid Expense Carrying value value 1/1/12 $194,758 6/30/12 $7,000 $7,790 $790 195,548 12/31/12 7,000 7,822 822 196,370 6/30/13 7,000 7,855 855 197,225 12/31/13 7,000 […]

interpretation of statements 1. Calculate total prime costs and total conversion costs. 2. Calculate total inventoriable costs and period costs 3. Design costs and R&D costs are not considered product costs for financial statement purposes. When might some of these costs be regarded as product costs? 4. Suppose that both the direct materials used and […]

accounting help, thank you 🙂 Titan Corp. has identified the following information: Cost pools Material handling———$41,040 Machine maintenance——24,600 Cost drivers Number of material moves——720 Number of machine hours——82,000 1. Calculate Titan’s activity rate for each… Is this the question you were looking for? If so, place your order here to get started!

Taxable Income Assume taxable income for Maxwell Corporation is $200,000. Calculate the tax due here. + 5 pts What is the marginal tax rate?___________% What is the average tax rate, show work?___________% Is this the question you were looking for? If so, place your order here to get started!

A cord is wrapped around the rim of a solid A cord is wrapped around the rim of a solid uniform wheel 0.250 m in radius and of mass 9.20 kg. A steady horizontal pull of 40.0 N to the right is exerted on the cord, pulling it off tangentially from the wheel. The wheel […]

A cooling fan is turned off when it is running A cooling fan is turned off when it is running at 850 rev/min it turns 1500 revolutions before it comes to a stop. (a) What was the fan’s angular acceleration, assumed constant? (b) How long did it take the fan to come to a complete […]