# Prepare an income statement for the year ended December 31, 2009. (Assume that

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Betsy, a recent retiree, requires \$6,000 per year in extra income. She has \$70,000 to invest and can invest in B-rated bonds paying 17% per year or in a CD paying 7% per year. How much money should be invested in each to realize exactly \$6,000 in interest
2. ## acc/220

Write a 350- to 700-word paper describing a balance sheet, an income statement, a retained earnings statement, and a statement of cash flows. How does a company use these financial statements to make future business decisions? Use and define the following
3. ## COLLEGE ALGEBRA

Sue, a recent retiree, requires \$6,000 per year in extra income. She has \$50,000 to invest and can invest in B-rated bonds paying 15% per year or in a certificate of deposit (CD) paying 7% per year. How much money should be invested in each to realize
4. ## Statistics

A random sample of customer incomes yields a mean income of \$35000 with a standard deviation of \$4500. Assume that the distribution of the incomes in normal. What income range would include 90% of the most popular incomes?

Kendra’s income put her in the top tax bracket (35%) last year. During the same year, she earned \$760 in dividends and \$490 in coupons on a corporate bond. Three years ago, she purchased a common stock for \$835. She sold the same stock last year for
6. ## trig

A city averages 14 hours of daylight in June, 10 in December, 12 in both March and September. Assume that the number of hours of daylight varies sinusoidally over a period of one year. Write an expression for n, the number of hours of daylight, as a cosine
7. ## Accounting

Please help (Revenue Classification) Clark County had the following revenue sources in 2011: General property taxes \$8,000,000 Restricted (for education) property taxes 570,000 Meals tax (restricted for economic development and tourism) 200,000 Fines and
8. ## Calculus

Sales of Version 5.0 of a computer software package start out high and decrease exponentially. At time t, in years, the sales are s(t)=20e^-t thousands of dollars per year. After 2 years, Version 6.0 of the software is released and replaces Version 5.0.
9. ## college algebra

Median family income in country x between 1990 and 1999 can be modeled by f(x)=1144.7(x-1990)+35,834 where x is the year. Determine the median income was \$42,303. I did it this way don't know if it's right f(x)=1144.7(x-1990)+35,834 42,303-35,834 = 1144.7
10. ## college algebra

Median family income in country x between 1990 and 1999 can be modeled by f(x)=1144.7(x-1990)+35,834 where x is the year. Determine the median income was \$42,303. I did it this way don't know if it's right f(x)=1144.7(x-1990)+35,834 42,303-35,834 = 1144.7
11. ## 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
12. ## Calculus

OK I understand the concept present value but I don't understand how to solve for present value in this context: Assume that you won a local contest for which you gain a continuous income stream at a rate R(t)=5000e^0.1t per year for 5 years and r=0.05.
13. ## accounting

what catergorie does accounts payable belong to? income statement or statement of changes in owner equity or balance sheet. im not sure but i think balance sheet.
14. ## accounting

capital is balance sheet i think. but if i am wrong what catergorie does it fall in. income statement or statement of changes in owner equity, or balance sheet.
15. ## accounting

what catergorie does accounts payable belong to? income statement or statement of changes in owner equity or balance sheet. im not sure but i think balance sheet.
16. ## accounting

capital is balance sheet i think. but if i am wrong what catergorie does it fall in. income statement or statement of changes in owner equity, or balance sheet.
17. ## accounting

identify assumptions and concepts and correct entries. On December 31, SGI Company's fical year end, a 12-month insurance policy for the following year was purchased. The following entry was made: DR. insurance expense \$24000 CR. cash \$24,000
18. ## Programming 1

1.Do the planning and write an algorithm to solve the following problem. Prepare test data for the example to test all possibilities and draw a trace table. Sam works at a coffee company where all the employees receive a bonus of R700, except the employees
19. ## Unisa

1.Do the planning and write an algorithm to solve the following problem. Prepare test data for the example to test all possibilities and draw a trace table. Sam works at a coffee company where all the employees receive a bonus of R700, except the employees
20. ## Math

1. For a particular year, a company has gross annual income of \$780,000, annual expenses of \$270,000, and allowed depreciation of \$60,000. The company is located in a state where the first \$200,000 corporate income is tax-free, and any income above that is
21. ## accounting

Determine the amount of interest expense that should be recorded in a year end adjusting entry under each of the following independent assumptions Interest rate 12%, Fiscal Year End December 31
22. ## accounting

How depreciation and amortization affect the income statement and the profitability of the company as well as its affect on the income taxes a company pays. Also the advantages of an accelerated method of depreciation and how that affects net income, the
23. ## English

Is this a better thesis statement? The reason Willie was taken out of such a bad environment was to protect him from the mob, but it also ended up teaching him a new way of survival.
24. ## College Math

Brandywine Homecare, a not for hire business, had revenues of \$12 million in 2011. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was \$1.5 million. All revenues were collected in cash during the yar and all
25. ## accounting

Frieden Company's contribution format income statement for the most recent month is given below: Sales (46,000 units) \$ 966,000 Variable expenses 676,200 Contribution margin 289,800 Fixed expenses 231,840 Net operating income \$ 57,960 The industry in which
26. ## Unisa

Flow chart of an if-then-else statement Sam works at a coffee company where all the employees receive a bonus of R700, except the employees in the coffee department 3, who receive a bonus of R850. Enter his gross salary and his personal department number.
27. ## Accounting

I'll start with the first part of my problem. This is a long assignment since it is a weekend one. Part 1: Incomplete Comparative Balance Sheet. The percentage of Increases/decreases are to the side. And Accumulated Depreciation is listed twice. I'm
28. ## Finance

Building an Income Statement Papa Roach Exterminators, Inc., has sales of \$586,000, costs of \$247,000, depreciation expense of \$43,000, interest expense of \$32,000, and a tax rate of 35 percent. What is the net income for this firm?
29. ## computer programming

Do the planning and write an algorithm to solve the following problem. Prepare test data for the example to test all possibilities and draw a trace table. Sam works at a coffee company where all the employees receive a bonus of R700, except the employees
30. ## Computer Programming

Compute the income tax due on taxable income entered by the user, given the data as shown in the following table. Be sure to include error checking to make sure the user does not enter a negative number. Assume all entries are integer values.
31. ## Accounting

Use the following information to answer questions 5-7. Blue Bird Bus Company is suffering declining sales of its principal product, school buses. The bank has threatened to call due a note if the company’s net income declines next year. The president,
32. ## Finance

A manufacturing company is thinking of launching a new product. The company expects to sell \$950,000 of the new product in the first year and \$1,500,000 each year thereafter. Direct costs including labor and materials will be 45% of sales. Indirect
33. ## Intermediate Accounting

During 2009 Bradley Corporation issued for \$110 per share, 5,000 share of \$100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Bradley’s \$25 par value common stock at the option of the preferred
34. ## basic programming principles

.Do the planning and write an algorithm to solve the following problem. Prepare test data for the example to test all possibilities and draw a trace table. Sam works at a coffee company where all the employees receive a bonus of R700, except the employees
35. ## MBA

Imagine that you have to make a presentation on your MBA project to a group of your professors and industry experts. Prepare the following – a) A general statement of purpose b) A specific statement of purpose c) The key idea d) A brief audience analysis
36. ## MBA

Imagine that you have to make a presentation on your MBA project to a group of your professors and industry experts. Prepare the following – a) A general statement of purpose b) A specific statement of purpose c) The key idea d) A brief audience analysis
37. ## Finance

I really really need some help on this one!!! All I need is for someone to point me in the right direction. I have filled in the blanks of the income statement and figured out what the net income is. I am very stuck. How do I get the depreciation expense
38. ## Intermediate Accounting

Burr Corporation began operations on January 1, 2007, and at December 31, 2007, Burr had the following investment portfolio of marketable equity securities: In current assets In noncurrent assets Aggregate cost \$185,000 \$275,000 Aggregate market value
39. ## home economics

Becky really likes Macaroni Grill but can only afford to eat out 4 times a year. Her boss gives small raises, so this year she receives 4% raise. She decides that a 4% raise is enough to warrant going out 1 more trip per year to Marconi girl. Calculate for
40. ## Math

A 2009 by 2009 square has its length decreased by 50 and its width increased by 50. By how much does its area change? Thank you for your help!
41. ## college math

Find the approximate (with an integral estimate) present and future values of a constant income stream of 2500 dollars per year over a period of 40 years, assume a 5 percent annual interest rate compounded continuously. Find current and future value?
42. ## accounting

Cournot Company sells 100,000 wrenches for \$12 a unit. Fixed costs are \$300,000, and net income is \$200,000. What should be reported as variable expenses in the CVP income statement? (a) \$700,000. (c) \$500,000. (b) \$900,000. (d) \$1,000,000.
43. ## precalc

Assume that this year, n = 1, the average annual salary for women in the United States is \$25,000 and that it is increasing by 5% per year, meaning that each year the salary is 1.05 times what it was the previous year. Assume that the average annual salary
44. ## managerial economic

. A doctor spent two weeks doing charity medical work in Mexico. In calculating her taxable income for the year, her accountant deducted as business expenses her round-trip airline ticket, meals, and a hotel bill for the two weeks stay. she was surprised
45. ## Math

Rick made \$33000 last year he also made \$3000 selling vases at craft shows.which part of rick income is fixed income?
46. ## algebra

A man has two investments. The first pays him 3% interest per year and the other, 4%. The total income from these two investments is \$170. If the interest rates were interchanged, the yearly income would be \$180. How much is the investment?
47. ## Financial Accounting

Use the following information to answer multiple-choice questions 5 and 6. At the end of the year, before any adjustments are made, the accounting records for Sutton Company show a balance of \$100,000 in accounts receivable. The allowance for uncollectible
48. ## Accounting

NOTE: I NEED HELP WITH THESE 10 QUESTIONS,IT IS AN EMERGENCY PLEASE! Use the following information to answer questions 1-4. The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually
49. ## Accounting

NOTE: I NEED HELP WITH THESE 10 QUESTIONS,IT IS AN EMERGENCY PLEASE! Use the following information to answer questions 1-4. The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually
50. ## Managerial finance

Larissa has also provided the following information. During the year, the company raised \$40 million in new long-term debt and retired \$22.8 million in long-term debt. The company also sold \$30 million in new stock and repurchased \$36 million. The company
51. ## Accounting

1. Compute the estimated uncollectible accounts at the end of the year using the following rates: Current 1% 1–30 days past due 3% 31–60 days past due 9% Over 60 days past due 25% 2. As of December 31, 2013, there is a credit balance of \$208.20 in
52. ## Consumer math

Cathy budgets 23% of her income for housing and 21% of her income for food. If she earns \$18,000 per year, how much must she budget monthly for housing and food? a. \$792 b. \$660 c. \$7,920 d. \$61.30
53. ## Math

John earns \$21.60/hr and 40 hours a week (full time). Income tax is 7.05%. What is John's net income for 1 year (subtracted from tax)?
54. ## Accounting Questions

NOTE: I NEED HELP WITH THESE 10 QUESTIONS,IT IS AN EMERGENCY PLEASE! Use the following information to answer questions 1-4. The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually
55. ## Accounting

Your client Anjelica Seeds wants to purchase a Burg-N-Fry franchise. The buy-in is \$500,000. Burg-N-Fry headquarters tells Anjelica that typical annual operating costs are \$160,000 (all cash) and that she can bring in “as much as” \$260,000 in cash
56. ## algebra

After 2009 2009 the sales of new cell phones without cameras began declining. The number of people y (in thousands) who bought a cell phone without a camera can be estimated by the equation y=−30x+270 y=-30x+270, where x is the number of years after
57. ## Finance

4. Mary W atson is 24 years old and single, lives in an apartment, and has no dependents. She expects to earn \$50,000 as a sales assistant. \$4,500 of her wages will be withheld for year 2014. She also expected to have interest income \$500. Estimate her
58. ## Accounting; Emergency

NOTE: I NEED HELP WITH THESE 10 QUESTIONS,IT IS AN EMERGENCY PLEASE! Use the following information to answer questions 1-4. The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually
59. ## accounting

The following are the transaction of s company will in branch for 2(two) year they follow periodic inventory system. 1. Beginning inventory balance with in birr 10000 2. S company shipped merchandise is birr costing 80000 cash 20000 3. Birr sold
60. ## Accounting

Zell Company had sales of \$1,800,000 and related cost of merchandise sold of \$1,150,000 for its first year of operations ending December 31, 2016. Zell Company provides customers a refund for any returned or damaged merchandise. At the end of the year,
61. ## AP stuff

"Come to... classroom after school (the possible dates will be announced later in April). There you will naswer 20 multiple choice questions based on the text, as well as AP style multiple choice questions. You will also answer 2 openended questions both

1. In the process of brainstorming his goals, Robert realized his Web business was more about money than creativity. His decision to include a minimum monthly income of \$5,000 as part of his mission statement is an example of A. compromising principles. B.
63. ## Capital Markets - Bonds

You are buying right now a zero-coupon bond. It has exactly 8 years to maturity, and you expect the YTM to be 6% over the bond’s life. Even though you intended to hold it to maturity, you end up selling it after 3 years. By that time, the bond’s YTM
64. ## math

Freitas Corporation was organized early in 2009. The following expenditures were made during the first few months of the year: Attorneys' fees in connection with the organization of the corporation \$12,000 State filing fees and other incorporation costs
65. ## Pre-Calculus

What is the present value of a \$1000 bond which pays \$50 a year for 10 years, starting one year from now? Assume interest rate is 6% per year, compounded annually
66. ## accounting

Uncollectible Accounts—Percentage of Sales Ryan's Express has total credit sales for the year of \$178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form,
67. ## accounting

Uncollectible Accounts—Percentage of Sales Ryan's Express has total credit sales for the year of \$178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form,
68. ## Math

The table below shows the number of deaths in the U.S. in a year due to a variety of causes. For these questions, assume these values are not changing from year to year, and that the population of the United States is 312 million people. a) What is the
69. ## Finance

Donna and Sherman Terrel are preparing a budget for 2003. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna
70. ## finance

Donna and Sherman Terrel are preparing a budget for 2003. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna
71. ## Marketing

9. The annual planning at Century Office Systems, Inc. had been arduous but produced a number of important marketing initiatives for the next year. Most notably, company executives had decided to restructure its product-marketing team into two separate
72. ## accounting

A company purchased and installed a machine on January 1 at a total cost of \$72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on July 1 of the fourth year. The
73. ## acounting

A company purchased and installed a machine on January 1 at a total cost of \$72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on July 1 of the fourth year. The
74. ## math

In 2008 (Leap year) KIT Hospital had 150 licensed beds for adults and children from January 1st through June 30th. From July 1st through December 31, licensed beds increased to 175. During the first half of the year there were 23114 inpatient service days.
75. ## economics

what are the arguments of high income, middle income, low income and corporate tax payers who are critical o the Canadian government's income tax policy.
76. ## Accounting

On April 1, 2009, the company paid an insurance company \$5,000 for a two-year fire insurance policy. The entire \$5,000 was debited to insurance expense. What is the Dec. 31, 2009 adusting journal entry? Prepaid Insurance xx Insurance expense xx I can't
77. ## Accounting

How do you calculate the 'Capital stock at the end of the year' with the following information? Revenues: \$375,000 Expenses: \$297,000 Net Income: \$78,000 Retained earnings at the beginning of the year: 0 Retained earnings at the end of the year: \$68,000
78. ## Accounting

Ultra Leather Products sells leather clothing at both wholesale and retail. The company has found that there is a higher rate of uncollectible accounts from retail credit sales than from wholesale credit sales. Ultra computes its estimated loss from
79. ## accounting

calculate taxable income for 2005: this is related informaton given for 2005: income statement: sales 41,100 cogs (23,725) GP 17375 SG&a (15,492) EBIT 1883 TAXES 25% Net income 1412 tax issues: all 2005 assets purchases were made on 9/27/05 no estimated
80. ## Finance

Your company, Martin Industries, Inc., has experienced a higher than expected demand for its new product line. The company plans to expand its operation by 25% by spending \$5,000,000 for an additional building. The firm would like to maintain its 40% debt
81. ## chemistry

I have more more problem i need some help figuring out. I really do not know how to even approach this problem; there is so much information. - A newspaper article about the danger of global warming from the accumulation of greenhouse gases such as carbon
82. ## Java Computer Science

So in math, a restriction can be set. For example 30<x<60. So I'm trying to do this in a Java else if statement. else if (x>30 && x<60) {, will that do the same thing. Because I did that in my program but I'm getting my desired output twice.
83. ## chem

How do you prepare a solution of 12 M HCl and want to prepare 500 mL of a 0.4 M solution. Assume you have a 500-mL volumetric flask
84. ## HeLP MATH !!!!

The annual sales S (in billion of dollars) of oracle corporation from 2004 through 2009 can approximated by linear equation S=2.903t-1.98, 4 < t < 9, where t represent the year,with t=4 corresponding to 2004.use the model estimate the year in which
85. ## acc 280

E3-3 Conan Industries collected \$100,000 from customers in 2008. Of the amount collected, \$25,000 was from revenue earned on account in 2007. In addition, Conan earned \$40,000 of revenue in 2008, which will not be collected until 2009. Conan Industries
86. ## math

my teacher wants me to look up in the stock market how much was the price per share for Pier 1 Imports on March 31, 2009 and November 16, 2009. Where do i go to find this information?
87. ## finance

3.The Lo Company earned \$2.60 per share and paid a dividend of \$1.30 per share in the year that just ended. Earning and dividend per share are expected to grow at a rate of 5% per year in the future. Determine the value of the stock:
88. ## Accounting

Complete the following exercise. In December 20X2, the Cardoso Company established its predetermined overhead rate for jobs produced during the year 20X3 by using the following cost predictions: Overhead costs: \$750,000 Direct labor costs: \$625,000. At
89. ## Everest

Jamie is thinking about investing in some residential income producing property that she can purchase for \$200,000. Jamie can either pay cash for the full amount of the property or put up %50,000 of her own money and borrow the remaining %150,000 at 8%

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
91. ## c programming

Write a program to read from a file called "input.txt" information about 5 workers. Each line would contain two values respectively, an employee ID and the employee's monthly salary. Assume that the data from the input file is stored in a format as shows
92. ## financial management

Part I: Compute the worth of Arcadia Hospital in 2005 using rules of thumb, adjusted book value, and discounted cash flow valuation (for this final method, use the table provided). Assume the cash flow for 2005 is the same as 2006. 1) Rules of thumb: 2)
93. ## Accounting

On September 1, 2011, Fast Track, Inc. was started with \$30,000 invested by the owners as contributed capital. On September 30, 2011, the accounting records contained the following amounts: Accounts Payable \$2,200 Dividends Declared and paid \$2,300
94. ## Healthcare finance

You are considering starting a walk-in clinic. Your financial projections for the first year of operations are as follows: Revenues (10,000 visits) \$400,000 Wages and benefits 220,000 Rent 5,000 Depreciation 30,000 Utilities 2,500 Medical Supplies 50,000
95. ## personal finance concepts

Donna and Sherman Terrel are preparing a budget for 2010. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna
96. ## Math

For each statement, write it as a conditional statement. (A) All 18- year olds in the United States can vote. (B) You'll be happy if it's not raining. (C)Today is Friday only if yesterday was Thursday.
97. ## math

Jamie Thompson is thinking about investing in some residential income-producing property that she can purchase for \$200,000. Jamie can either pay cash for the full amount of the property or put up \$50,000 of her own money and borrow the remaining \$150,000
98. ## Finance

2. Jamie Thompson is thinking about investing in some residential income-producing property that she can purchase for \$200,000. Jamie can either pay cash for the full amount of the property or put up \$50,000 of her own money and borrow the remaining
99. ## Finance

Dean and Jerry formed a partnership, agreeing to share profits and losses equally. Dean will receive a guaranteed payment of \$48,000 per year. The partnership has \$240,000 net income from operations for the year, before considering the guaranteed payment.
100. ## Consumer Math

1. Ken bought a car last year to drive back and forth to work. Last year he spent \$1,098 on gas. This year, it was \$1,562. What is the inflation rate? a. About 51% b. About 42% c. About 20% d. About 39% I believe it is b is this correct? 2.Carnie had an