Raymond Companyâs trial balance at December 31, 2014, is presented below. All 2014 transactions have been recorded except for the items described shown below.DebitCreditCash$28,000Accounts receivable36,000Notes receivable10,000Interest receivable0Inventory36,200Prepaid insurance4,400Land20,000Buildings160,000Equipment60,000Patents8,000Allowances for doubtful accounts300Accumulated depreciation-Buildings49,000Accumulated depreciation-Equipment24,000Accounts payable28,300Income taxes payable0Salaries and wages payable0Unearned rent revenue6,000Notes payable(due in 2015)11,000Interest payable0Notes payable (due after 2015)35,000Common stock50,000Retained earnings63,000Dividends12,000Sales revenue910,000Interest revenue0Rent revenue0Gain on […]
Complete Case 6.5- Avis Love, Staff Accountant from the case book. The written case analysis must be 5-7 pages in length, including APA format and include 6-7 scholarly citations/references. Prepare the case analysis using APA format. It should be complete plagiarism free other wise I will get zero and I want my money back This […]
Maximum Raw Score = 40 pts 1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%. Agree or disagree and explain your answer in a paragraph. 4pts2) A) Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a levellower than the “full […]
overhead slam tennis shoppes has a new project that will require the companyto borrow 8,700,00 overhead has made an agreement with three lenders for the needed financing. citizens bank will lend 2,000,000 and wants 8% interest on the loan visitors’ bank will lend 4,250,000 and wants 10% interest on the loan. people’s bank will lend […]
7. Accelerated depreciation methods such as MACRS increase NPV because …a. MACRS increases the total amount of depreciation which increases cash flow. b. MACRS accelerates the tax deductions for depreciation c. MACRS decreases total depreciation expenses improving NOPAT
John and Michael know that to be successful they need to properly staff their company and order the right amount of materials, and to do so, a new forecast method is needed. While they have used a simple forecast up to this point, they no longer believe that method will work for them and the […]
The three basic elements of the cost of a manufactured product are:a.indirect materials, indirect labour, and manufacturing overheadb.merchandise inventory, work in process, and finished goods inventoryc.direct materials, work in process, and finished goods inventoryd.direct materials, direct labour, and manufacturing overhead
Why was Mao Zedong successful in overcoming the more powerful Nationalist Chinese during the Civil War of 1928-49? What weaknesses of the Nationalists did he exploit? What strengths did the Chinese Communists possess? After his death, why did Deng Xiaoping find it necessary to reform Chinaâs economic system, and what did he accomplish with the […]
Determine the unadjusted rate of return based on the average cost of the investment. (Round your answer to 1 decimal place. (i.e., .234 should be entered as 23.4).)Norman Rentals can purchase a van that costs $144,000; it has an expected useful life of four years and no salvage value. Norman uses straight-line depreciation. Expected revenue […]
Please write a seven page paper on the USA Patriot Act. The requirements are as followsA. The paper will be completed in APA style.C. The paper will be typed, double-spaced and grammatically correct.D. The paper will have a cover sheet, body, and a works cited, reference or bibliography page. The paper will be at least […]
