Questions tagged 'Finance & Banking'
124 questions
Flagstad Inc. presented the following data : Net income $2,790,000 Preferred stock: 57,300 shares outstanding, $100 par, 9% cumulative,
Flagstad Inc. has provided the following financial Net Income: $2,790,000 Preferred Stock: 57,300 shares outstanding, $100 par value, 9% cumulative (non-convertible) Common stock details are as...
Cepeda Corporation has the following cost records for June 2017.
Cepeda Corporation has provided the following cost records for June 2017.
The accuracy of the percent of sales forecast method is impaired if:
How is the accuracy of the percentage-of-sales forecasting method affected? a. When economies of scale are present for assets. b. When assets must be purchased in discrete quantities. c. When asset re...
Butte sold a machine to a machine dealer for $50,000. butte bought the machine for $55,000 several years ago and has claimed $12,500
Butte sold a machine to a dealer for $50,000. Several years ago, Butte purchased the machine for $55,000 and has claimed $12,500 in depreciation expense on it. What is the amount and character of Butt...
Selected transactions for Sophie’s Dog Care are as follows during the month of March.
Selected transactions for Sophie’s Dog Care during the month of March are as follows: March 1: Paid monthly rent of $1,200. March 3: Performed services for $140 on account. March 5: Performed service...
Anything called money will be large and heavy easy to create scarce backed by gold
Is it true that anything referred to as money must be large, heavy, easy to create, scarce, and backed by gold?
On June 1, Grey Co. borrows $15,000 cash from National Bank by signing a 120-day, 10% interest-bearing note. Grey will record interest
On June 1, Grey Co. borrows $15,000 in cash from National Bank by signing a 120-day, 10% interest-bearing note. Grey will record interest during the year totaling {$blank input field}. Using a 360-day...
Samtech Manufacturing purchased land and building for $4 million. In addition to the purchase price, Samtech made the following expenditures
Samtech Manufacturing purchased land and a building for $4 million. In addition to the purchase price, Samtech incurred the following expenditures related to the acquisition of the land and building:...
Adjusted cash balances?
Leng Xiong is unable to reconcile the bank balance as of January 31. The reconciliation presented is as follows: Instructions: (a) What is the correct adjusted cash balance per bank? (b) What is the...
Can you do your taxes with last pay stub?
Can I use my last pay stub to file my taxes? If so, what details should I ensure are included, and are there any potential drawbacks to this approach?