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July 31, 2014

Search: An asset is purchased for $50,000. It has an estimated useful life of eight years and salvage value of $6,000

Number of results: 11,802

Math
An asset is purchased for$50,000.It has an estimated useful life of 12 years and a salvage value of $5,000. What is the annual depreciation of the asset using the straight-line method?
July 7, 2009 by Kara

Math
An asset is purchased for $50,000. It has an estimated useful life of eight years and salvage value of $6,000.if the asset is depreciated using the double-declining balance method,what are the depreciation expense and book value at the end of year two?
July 9, 2009 by Kara

accounting
How do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is unchanged. ...
December 3, 2009 by Peaches

business math
An asset is purchased for $50,000. It has an estimated useful life of 12 years and a salvage value of $5,00
February 8, 2012 by T.

Straight-line Depreciation
Please how do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is ...
December 3, 2009 by Peaches

Accounting
Jeff Corporation purchased a limited-life intangible asset for $120,000 on May 1, 2006. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2008? $ -0- $24,000 $32,000 $36,000
April 25, 2009 by Bigboy

Accounting
Rich Corporation purchased a limited-life intangible asset for $180,000 on May 1, 2006. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2008? $ -0- $36,000 $48,000 $54,000
April 25, 2009 by ESAPROUD

Managerial Accounting
Kim Johnson purchased an asset for $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the life of the asset, Kim will not be able to sell the asset because it will have no salvage value. Required: What is the net present ...
April 13, 2013 by Lisa

Business Maths
Please show me how to calculate this problem: During 2007, Sitter Corporation reported net sales of $2,000,000, net income of $1,200,000, and depreciation expense of $100,000. Sitter also beginning total asset of $1,000,000, ending total asset of $1,500,000, plant asset of $...
December 4, 2009 by Peaches

Math
P Inc.purchased a $30,000 asset with a salvage value of$1,200 and an estimated useful life of three years.what is the book value at the end of years one and two using the 150% declining balance method?
July 9, 2009 by Kara

math
Parker Inc. purchased a $30,000 asset with a salvage value of $1,200 and an estimated useful life of three years. What is the book value at the end of years one and two using the 150% declining balance method?
May 10, 2011 by Anonymous

Business Finance - Check/Help
Smith Manufacturing is considering the sale of two non depreciable assets, A and B. Asset A was purchased for $2000 and will be sold today for $2250. Asset B was purchased for $30,000 and will be sold today for $35000. The firm is subject to a 40% tax rate on capital gains. 1...
September 11, 2011 by Sam

accounting
1-On May 1, 2012, Pinkley Company sells office furniture for $150,000 cash. The office furniture originally cost $375,000 when purchased on January 1, 2005. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $37,500. What depreciation ...
February 25, 2013 by miley

Accounting
In 2000, purchased land for $5,600,000 that had a natural resource supply estimated at 4,000,000 tons. When the natural resources are removed, the land has an estimated value of $640,000. The required restoration cost for the property is estimated to be $800,000. Development ...
February 13, 2009 by Cindy

Accounting
Janes Company provided the following information on intangible assets: a. A patent was purchased from the lou Company for $700,000 on January 1, 2007. Janes estimated the remaining useful life of the patent to be 10 years. The patent was carried on Lou's accounting records at ...
April 6, 2011 by Bobbi Loffredo

accounting
Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. May 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life of 20 years
July 8, 2011 by stacey

Finance
Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $1,860,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is ...
March 24, 2014 by Alec

Math accounting
The following selected transactions were completed by Pilgrim Delivery Service during July: 1. Received cash from issuing capital stock, $115,000 2. received cash for providing delivery service, $58,000 3. Paid advertising expense, $2,000 4. Paid creditors on account, $4,800 5...
January 13, 2008 by MiMi

math
A company purchased a truck for $50,000 on July 1, 2009. The truck has an estimated useful life of 5 years and will have no salvage value. It is estimated that the truck can be driven for 150,000 miles. The truck was driven for 18,000 miles during 2009. If the goal is to ...
August 4, 2009 by Anonymous

accounting
A new inventory management system for ABC Company could be developed at a cost of $200,000. The estimated net operating costs and estimated net benefits over six years of operation would be: Year Estimated Net Operation Estimated NetBenefits 0 200,000 0 1 7,0000 $ $52,000 2 9,...
August 2, 2010 by YENY

accounting
A company purchased a machine on January 1 of the current year for $750,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of $75,000). During the machine's 5-year life its hourly usage...
August 25, 2012 by Dan

accounting
James, Inc. discovered that equipment purchased three years ago for $600,000 will not last as long as originally estimated. The firm was depreciating the equipment at the rate of $80,000 per year with an estimated salvage value of $40,000. New estimates indicate that the ...
June 3, 2012 by T Smith

Financial Accounting
Prepare the general journal entries for the following transactions: Jan 2, 2011 -- Purchased land with a building on it for $750,000. The land is worth $300,000. Paid $150,000 cash down and signed a mortgage payable for the balance. Dec. 31, 2011--Depreciation is computed ...
February 16, 2012 by Diane

Accounting
A truck was purchased for $25,000. It has a six-year life and a $4,000 salvage value. Using straight-line depreciation, what is the asset’s carrying value (book value) after 2 years?
May 5, 2013 by Harriett

Accounting
I am trying to figure out if I am doing this accounting problem correctly? Old van was purchased 5 years ago at 20,000. estimated life was 5years with salvage value of 5,000. van has to have repairs enging and tranny for 4000 and will extend life of van by 5years. new tires ...
April 22, 2010 by smeffy

Financial Accounting
1. Post the following transactions of a restaurant to prepare the journal ledger and trial balance. Jan - 2011 Transaction Amount 5 Started the business with cash 2,50,000 10 Deposited in the bank 50,000 15 Purchased tables and chairs 80,000 20 Purchased Freeze 30,000 ...
January 11, 2012 by Kavya Tank

accounting
Calculate the rate of depreciation for the asset with the help of given data.? Cost of the asset Rs1,20,000 Residual value Rs40,000 Expected life 5 years
December 5, 2010 by pinki

accounting
On January 1, 2006, Powell Company purchased a building and machinery that have the following useful lives, salvage value, and costs. Building, 25-year estimated useful life, $4,000,000 cost, $400,000 salvage value Machinery, 10-year estimated useful life, $500,000 cost, no ...
August 2, 2011 by Anonymous

Financial
Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $1,860,000. The fixed asset falls into the three-year MACRS class (MACRS Table). The project is estimated to generate $1,950,000 in annual sales, with costs of...
March 24, 2014 by Alec

Accounting-HELP ME!
A company purchased machinery for $660,000 on May 1,2008. It is estimated that it will have a useful life of ten years,salvage value of $45,000, production of 350,000 units, and working hours of 60,000. During 2009 the company uses the machinery 3,050 hours, and the machinery ...
September 27, 2011 by Nick

Business Math
The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining blance method. a. $63,750 b. $63,500 c. $63,250 or d. $63,000
June 14, 2013 by LaDonna

accounting
i want to know if the transactions are bought machinery for rs50,000, payment made to xyz store by rs10,000 by cheque, purchased office furniture on credit for rs15,000, rs1,000 receieved as a rent for the portion of office building rented out and paid salaries of rs40,000 by ...
October 28, 2010 by maria

Finance
Summer Tyme, Inc., is considering a new 4-year expansion project that requires an initial fixed asset investment of $1.782 million. The fixed asset will be depreciated straight-line to zero over its 4-year tax life, after which time it will be worthless. The project is ...
November 26, 2010 by Muskingum

accounting
from the following transactions state which account will be debited and which will be credited by filling up. S.No. Transactions Accounts involved Application Reason with respect to Rules of Debit and credit Sample Example Mr. X started business with cash of Rs.100,000 Cash ...
October 27, 2010 by pinki

Math
The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.
November 10, 2009 by Jason

Math
The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.
November 10, 2009 by Mindy

ashworth
The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.
August 3, 2012 by kate

college finance
37. Morage Corp. is replacing an entire baking line that was purchased for $420,000 and currently has a book value of $60,000. The new, more efficient line, will cost $940,000 installed and can be depreciated as a 7-year MACRS asset. With the increased efficiency, Morage ...
April 20, 2009 by Lisa

math net asset value
Please check my answer thanks :) The net asset value of a mutual fund having total assets of $57,000,000 and liabilites of $8,550,00 There are $15,960,000 worth of outsatnding shares my answer is the net value is $4.80 per share
November 14, 2007 by Anonymous

finance
The Wet Corp. has an investment project that will produce cash flows of $20,000 per year for three years. Assume the only expense is depreciation on the asset purchased and this will be $5,000 per year. The company's tax rate is 34%. What is the cash flow from the project in ...
December 16, 2009 by Anonymous

accounting
From the following transactions, state which account will be debited and which account will be credited by filling up the appropriate boxes. S.No. Transactions Accounts involved Application Reason with respect to Rules of Debit and Credit Sample Example Mr. X started business ...
October 27, 2010 by pinki

accounting
From the following transactions, state which account will be debited and which account will be credited by filling up the appropriate boxes. S.No. Transactions Accounts involved Application Reason with respect to Rules of Debit and Credit Sample Example Mr. X started business ...
October 31, 2010 by Anonymous

Accounting
1. A manager is considering the following investment: Initial capital investment $180,000 Estimated useful life 3 years Estimated disposal value in 3 years 0 Estimated annual savings in cash operating costs $80,000 Minimum desired rate of return 10% The net present value of ...
December 8, 2012 by Pi

Math
A truck costing $25,000 with a residual value of $5,000 was purchased by Rim Corporation. The truck’s estimated life is 10 years. At the end of Year 2, what is the book value using declining-balance method? Assume a depreciation rate of twice the straight-line method
May 1, 2014 by Anonymous

business math
A truck costing $25,000 with a residual value of $5,000 was purchased by Rim Corporation. The truck’s estimated life is 10 years. At the end of Year 2, what is the book value using declining-balance method? Assume a depreciation rate of twice the straight-line method.
September 1, 2012 by tracie

accounting
On January 2, 2006, Grant Corporation leases an asset to Pippin Corporation under the following conditions: 1. Annual lease payments of $10,000 for twenty years. 2. At the end of the lease term the asset is expected to have a value of $2,750. 3. The fair market value of the ...
July 1, 2010 by LILIANA

Accounting
I need to enter the following into Journal Enteries a) Borrowed $12,000 cash on a short-term note payable dates march 1, 2011 b) Purchased land for future buildings site, paid cash, $9,000. c) Earned $160,000 in Service Revenue for 2011, including 40,000 on credit and 120,000 ...
September 24, 2009 by Leisel

Accounting 2
Can someone help me with this problem. At least get me started so I can figure out how to do this. Your manager, Mr. Smith, has asked you to prepare a report, for a client, based on the following inquiry (see below). This report will be reviewed by Mr. Smith and used to ...
April 22, 2010 by smeffy

Accounting
On January 1, 2006, Mythical purchased some office equipment, paying $24,000. It is anticipated that the equipment will last 4 years and have a zero salvage value at the end of the four years. 1) Make the adjusting entry for depreciation at the end of year two using the ...
July 28, 2006 by Laura

RE: adjusting entry
Can someone help me prepare an adjusting entry for the following> Prepaid insurance account had 4,000 balance on December 31, 2007. An analysis of insurance policies shows that 1,200 of unexpired insurance benefits remain at December 31, 2008. Prepaid insurance is an asset...
September 19, 2006 by Amber

accounting
Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10-year 9% bond present entries to record the following selected transactions: (a.) Purchased bonds for $475,000.
February 28, 2012 by rose

financial accounting
eckman company purchased equipment for $80,000 on january 1,2011 and will use the double declining balance method of depreciation. it is estimated that the equipment will have a 5 year life and a $4,000 salvage value at the end of its useful life. the amount of depreciation ...
November 19, 2012 by daniel

Business Environment and Recording Transactions
Give an example of a business transaction that has the described effect on the accounting equation: Increase an asset and increase a liability. Increase one asset and decrease another asset. Decrease an asset and decrease owner's equity. Decrease an asset and decrease a ...
August 30, 2006 by candy

accounting
The following transactions occurred during March 2009 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 30,000 shares of common stock in exchange for $300,000 in cash. 2. Purchased equipment of a cost of $40,000. $10,000 cash was ...
January 12, 2011 by Bobbi

accounting
A recent cash budget showed estimated cash receipts of $159,000, estimated cash disbursements of $155,000, and a desired ending cash balance of $6,000, with no borrowing of funds. The beginning cash balance was:
September 19, 2013 by Leah

accounting
Cooper Construction Company had a contract starting April 2010, to construct a $9,000,000 building that is expected to be completed in September 2012, at an estimated cost of $8,250,000. At the end of 2010, the costs to date were $3,795,000 and the estimated total costs to ...
July 8, 2010 by Jamie

Construction Estimating
Given a Contract Amount o $14,000,000 and an Estimated Cost of $13,440,000 for a project of 10 months duration, establish a cost estimating sheet to obtain what percentages of estimated cost are Job Overhead & General Overhead?
September 9, 2008 by Mary

mah
A mutual fund had total asses of $ 57,000,000 and of $8,550,000. if 15,960,000 shares are oustanding,what is the net asset value of he fund?
August 28, 2012 by no name

Financial accounting 2
If a building cost $600,000, has an estimated residual value of $240,000, has an estimated life of 36 years, and is depreciated by the straight-line method: a) What is the annual depreciation? b) what is the book value at the end of the 20th year?
September 3, 2012 by MAry

programming
3. Your company needs to depreciate its assets. The accountant wants to record the purchase price, the useful life, and the estimated salvage value. Your program should be able to depreciate by the straight-line method. For example, a computer system was purchased for $25,000...
February 15, 2013 by tina

accounting
I am attempting to study for an exam for tomorrow and cannot figure out the equity method entries up to 2006 for this problem, can someone please help! Parent Corporation owns 80% of Subsidiary Corporation’s outstanding common stock that was purchased at book value and fair ...
April 5, 2010 by Bob

Corporate Finance
Your firm is looking at 3 projects, each costing $500,000: A is estimated to save $125,000 per year for 5 years; B is estimated to save $75,000 for 6 years plus generate tax savings of $20,000 per year; C is estimated to save $75,000 per year for 10 years but requires ...
April 28, 2013 by Brad

accounting
Computer equipment was acquired at the beginning of the year at a cost of $56,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year’s depreciation using straight-line depreciation
March 16, 2009 by angel

Accounting
I need some help with this question… It is confusing me… I have parts of it done but would like someone to help explain it to me. A truck was purchased on January 2 at a cost of $60,000. It’s expected to be used for five years and to have a residual value of $5,000 after 120,...
July 24, 2012 by sady

Accounting-Journal Entry
Cypress purchased a 50,000-hectare tract of timber land at Westerlund on June 7,2010, for $50 million, paying $10 million cash and signing a % mortgage payable for the balance. Principal payments of $8 million and the annual interest on the mortgage are due each December 31. ...
January 30, 2011 by Thara

Business Finance
I came up with 4.80 per share for the question. A mutual fund has total assets of $57,000,000 and liablities of $8,550,000. If $15,960,000 shares outstanding, what is the net asset value of the fund? Please check my answer.
January 20, 2012 by Terry

Intermediate Accounting
Python Company leased equipment from Hope Leasing on January 1, 2006. Hope purchased the equipment at a cost of $232,666. Other information: Lease term 3 years Annual payments $90,000 on January 1 each year Life of asset 3 years Fair value of asset $232,666 Implicit interest ...
November 29, 2008 by Frank

finance (current asset)
An item which may be converted to cash within one year or one operating cycle of the firm is classidied as a.... A. current liability B. long-term asset C. current asset D. long-term liability I like C current asset-the quest is the definition of a current asset Is this correct?
July 25, 2008 by Jason

Accounting
For each of the following items, give an example of a business transaction that has the described effect on the accounting equation: Increase an asset and increase a liability: Increase one asset and decrease another asset. Decrease an asset and decrease owner's equity. ...
October 1, 2006 by Angel

accounting
for each of the following items, give an example of a business transaction that has described effect on the accounting equation: Increase an asset and increase a liability. Increase one asset and decrease another asset. Decrease an asset and decrease owner's equity. Decrease ...
July 27, 2008 by jaime

accounting
For each of the following items give an example of a business transaction that has the described effect on the accounting equation: increase an asset and increase a liability increase one asset and decrease another asset decrease an asset and decrease owners equity decrease an...
November 9, 2008 by Tracy

accounting
For each of the following items, give an example of a business transaction that has the described effect on the accounting equation: Increase an asset and increase a liability. Increase one asset and decrease another asset. Decrease an asset and decrease owner's equity. ...
April 28, 2009 by sam

accounting
For each of the following items, give an example of a business transaction that has the described effect on the accounting equation: * Increase an asset and increase a liability. * Increase one asset and decrease another asset. * Decrease an asset and decrease owner's equity...
March 25, 2010 by Anonymous

Principles of Accoun ting
I have to figure out what basic type of account debited and credited, the specific account, whether the account is increased or decreased, and the normal balance of the specific account. This is the transaction. Purchased used car for $4,000 cash for use in business. For the ...
July 26, 2010 by Jamie

Financial Accounting
Prepare adjusting journal entries for the year ended December 31, 2011 for each of the independent situation in (a) to (f). Assume that prepaid expenses are initially recorded in asset accounts. Assume that fees collected in advance of work are initially recorded as ...
July 25, 2010 by Prateek

accounting
how would the table of analysis be set up with these transactions: started business with $25,000 paid rent $2,000 purchased equipment $6,000 only paid 40% owes difference purchased food and beverage $4,000 paid 75% in cash owes difference cash sales $4,000 utility bill was ...
March 14, 2012 by Keishante

Accounting
Janfer Book Store purchased a new automobile that cost $10,000, made a down payment of $3,000, and signed a note payable for the balance. The entry to record this transaction is: Cash 3,000.00 Note Payable7,000.00 Automobile 10,000.00 Cash 3,000.00 Automobile 3,000.00 ...
April 25, 2010 by Anonymous

Principles of Accounting
E2-2 Selected transactions for D. Reyes, Inc., an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested $10,000 cash in the business in exchange for common stock. 3 Purchased used car for $4,000 cash for use in business. 9 Purchased supplies...
January 21, 2010 by Wendy

accounting
Cypress purchased a 50,000-hectare tract of timber land at Westerlund on June 7,2010, for $50 million, paying $10 million cash and signing a % mortgage payable for the balance. Principal payments of $8 million and the annual interest on the mortgage are due each December 31. ...
January 30, 2011 by Thara

accounts
on july 01,2000, asok ltd. purchased a machine for Rs.1,08,000 and spent Rs.12000 on its installation.At the time of purchase it was estimated that the effective commercial life of the machine will be 12 years and after 12 years its salvage value will be Rs.12,000.prepare ...
October 26, 2012 by priyanka

mathematical app's
having problem with question47. Darrell owns a consulting business and has an estimated annual income of $63,000. his social security tax is 12.4%, medicare is 2.9%, and his estimated federal income tax rate is 22%. how much quarterly estimated tax must darrell send to the irs...
February 13, 2010 by Diane

Excelsior
he following transactions occurred during March 2009 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 30,000 shares of common stock in exchange for $300,000 in cash. 2. Purchased equipment of a cost of $40,000. $10,000 cash was ...
January 28, 2014 by meghan

Accounting
Give an example of the following tranactions •Increase an asset and increase a liability. •Increase one asset and decrease another asset. •Decrease an asset and decrease owner's equity. •Decrease an asset and decrease a liability. •Increase an asset and increase owner's equity.
March 27, 2009 by David

Algebra
A word processing station was purchased by a company for $10,000. After 4 years it is estimated that the value of the station will be $4000. If the value in dollars V and the time the station has been in use t are related by a linear equation, find the equation that relates V...
September 12, 2007 by Jesus T.

math
Your firm has the option of making an investment in new software that wil cost $130,000 today and is estimated to provide the savings shown in the table over5 years. year savings estimate 1 $35,000 2 50,000 3 45,000 4 25,000 5 15,000 should the firm make this investment if it ...
December 16, 2011 by Vanessa

Finance
Your firm has the option of making an investment in new software that wil cost $130,000 today and is estimated to provide the savings shown in the table over5 years. year savings estimate 1 $35,000 2 50,000 3 45,000 4 25,000 5 15,000 should the firm make this investment if it ...
December 17, 2011 by Vanessa

accounting
I need HELP in journalizing the following please: February 1 Paid $3,750 accounts payable balance due to a supplier. March 15 Received $2,500 partial payment on a $5,000 accounts receivable balance. Wrote off the rest of the account as uncollectible. April 1 April 15 Purchased...
March 29, 2012 by Jan

Accounting
Based on the following production and sales estimates for May, determine the number of units expected to be manufactured in May. Estimated inventory (units), May 1 20,000 Desired inventory (units), May 31 15,000 Expected sales volume (units): South region 20,000 West region 40...
July 14, 2013 by Anonymous

accounting
On April 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company, paying $14,000,000. The book values and fair values of Vista's assets and liabilities acquired are shown below in dollar amounts: Accounts Book Value Fair Value Accounts ...
April 9, 2013 by Lisa

Math
It is estimated that are 21 deaths for every 10 million people who use airplanes. A company that sells flight insurance provides 100,000 in case of death in a plane crash. A policy can be purchased for $1. Calculate the expected value and thereby determine how much the ...
December 5, 2013 by Josh

investing
My son informed me that a comic book I purchased for 10 cents in 1948 is worth $55 today. What has been the average annual compound rate of return on that valuable asset?
October 4, 2010 by Robert

Economics
Moore Company is considering an expansion project. It would require the acquisition of an asset that would be depreciated straight line to zero over the 4 years of the project. It expects to be able to sell the asset for $50,000 at the end of year 4. If the project is ...
December 14, 2010 by Anonymous

Accounts
The following details relates to the two machines X and Y: Machine X Machine Y Cost Estimated Life Estimated salvage value Working Capital required in the beginning Rs. 56,125 Rs.56,125 5 years 5 years Rs. 3,000 Rs. 3,000 Rs.10,000 Rs. 20,000 Annual income after tax and ...
October 16, 2010 by Neeraj

information systems security
richman is considering buying insurance for each smartphone.use the ALE to detrmine the usefulness of this safeguard.for example,they can purchase insurance for each device for $25.00 per year.The safeguard value is $25x 1,000 devices, or $25,000.it is estimated that if the ...
October 21, 2011 by mike

ashford
At the beginning of 2012, the Jeater Company had the following balances in its accounts: Cash $4,300 Inventory 9,000 Common Stock 10,000 Retained Earnings 3,300 During 2012, the economy experienced the following events: 1. Purchased inventory that cost $2,200 on account from ...
July 2, 2012 by tammy

accounting
Analyze and record, in the form of T Accounts, Mr. James' transactions: Jan 1: Amount invested in the business $10,000 Jan 7: Bought equipment for $500 Jan 9: Bought office furniture with $2,000 cash Jan 10: Bought materials with $2,000 cash Jan 17: Sold part of equipment for...
November 6, 2012 by Melissa

math
The tooal amount of interest on a loan of 6,000 for 150 days is 210.50.using the ordinary interest(360 days)method,what is the rate of interest on the loan.Round off answer to the nearest hundredth. I think it is 8.42% Darrell owns a consulting business and has an estimated ...
January 9, 2011 by jon

Statistics, Finance
If the distribution of returns for an asset has a variance of zero, then covariance of returns between that asset and the returns any other asset must equal zero. True or False
October 4, 2011 by John

accounting
I need to make a t account for accounting homework. The statements are from 2009? Earned revenues for 2009 of 55,000 including 8,000 on credit and 47,000 cash. Received a 3,000 deposit from hospital to start January 5, 2010. Purchased supplies on account for future use. 7,000
September 15, 2010 by chris

Finance
Newdex has net income of $2,500,000 and 1,000,000 shares outstanding. It needs to raise $3,610,000 in funds for a new asset. Its investment banker plans to sell an issue of common stock to the public for $40 per share, less a spread of 5%. How much must Newdex's after-tax ...
May 14, 2010 by Samantha

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