Accounting Assignment | Buy Homework Help

Below is June 30, 2014, governmental funds statement of revenues, expenditures, and changes in fund balances for Collins County (in thousands): Revenues Property taxes…………………………………………………… $ 650,000 Fines and licenses…………………………………………………..100,000 Investment revenue………………………………………………….. 4,000 Grants………………………………………………………………230,000 Total………………………………………………………………. 984,000 Expenditures General government………………………………………………..320,000 Health and safety…………………………………………………..330,000 Education…………………………………………………………..260,000 Capital outlay………………………………………………………..70,000 Debt service: interest……………………………………………….. 10,000 Debt service: principal……………………………………………… 90,000 Total………………………………………………………………1,080,000 Excess of revenues over (under) expenditures……………………. (96,000) Other financing sources (uses) Bond … Continue reading Accounting Assignment | Buy Homework Help

Net Cash Assignment | Buy Homework Help

Big Dollars Corporation’s comparative financial statements included the following amounts for the current year: On its current year statement of cash flows, what is Big Dollars’ net cash provided by operating activities? a. $ 677,000 b. $ 714,000 c. $ 752,000 d. $ 790,000. Get Accounting Help Today James Jake Continue reading Net Cash Assignment | Buy Homework Help

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Bill See has asked you to prepare a balance sheet as of September 30, 2014, for See’s Internet Service of Halifax. Assist Bill. B. See, Capital……………………………… $24,000 Accounts Payable…………………………… 60,000 Equipment…………………………………… 40,000 Building……………………………………… 28,000 Cash…………………………………………. 16,000. Get Accounting Help Today James Jake Continue reading Accounting Assignment | Buy Homework Help

Accounting Assignment | Buy Homework Help

Bond Sold Between Interest Payment Dates, Sold at Par. Takedo Company issued $ 600,000 par value, 10- year, 5% bonds on February 1, 2016. The bonds are dated January 1, 2016, and pay interest quarterly each March 31, June 30, September 30, and December 31. The bonds are sold at par plus accrued interest because the bonds are sold between interest dates. Prepare the journal … Continue reading Accounting Assignment | Buy Homework Help

Accounting Assignment | Buy Homework Help

Boomerang Devices Inc. manufactures sport hunting equipment. The company’s operations had the following results for the year ended December 2011. Actual production volume approximated normal levels. F = favorable variance, meaning actual costs were below standard; U = unfavorable variance, meaning actual costs exceeded standard. Assume all variances are considered to be material. Item Amount Raw materials, at standard cost……………………………………………$ 210,000 Production wages, at standard … Continue reading Accounting Assignment | Buy Homework Help

Accounting Assignment | Buy Homework Help

Borchert Co. purchases various investments in trading securities at a cost of $76,000 on December 27, 2009. (This is its first and only purchase of such securities.) At December 31, 2009, these securities had a fair value of $85,000. 1. Prepare the December 31, 2009, year-end adjusting entry for the trading securities’ portfolio. 2. Explain how each account in the entry of part 1 is … Continue reading Accounting Assignment | Buy Homework Help

Accumulated Expenditures Assignment | Buy Homework Help

Brent Hill Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1.5 million on March 1, $ 1.2 million on June I, and $3 million on December 31. Calculate Brent Hill’s weighted-average accumulated expenditures that would be used for capitalization of borrowing costs. Get Accounting Help Today James Jake Continue reading Accumulated Expenditures Assignment | Buy Homework Help

Trial Balance Assignment | Buy Homework Help

Brett Tamas Enterprises had the following accounts and normal balances listed on its adjusted trial balance: Service Revenue, $21,800; Salaries Expense, $7,200; Rent Expense, $4,400; Advertising Expense, $2,600; Dividends, $6,000. Journalize the closing entries for Tamas Enterprises. Get Accounting Help Today James Jake Continue reading Trial Balance Assignment | Buy Homework Help

General Journal Entries Assignment | Buy Homework Help

Bricca Co. issued a $60,000 face value discount note to First Bank on June 1, 2016. The note had a 6 percent discount rate and a one-year term to maturity. Required Prepare general journal entries for the following transactions: a. The issuance of the note on June 1, 2016. b. The adjustment for accrued interest at the end of the year, December 31, 2016. c. … Continue reading General Journal Entries Assignment | Buy Homework Help

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Brightstone Tire and Rubber Company have the capacity to produce 170,000 tires. Brightstone presently produces and sells 130,000 tires for the North American market at a price of $175 per tire. Brightstone is evaluating a special order from a European automobile company, Euro Motors. Euro is offering to buy 20,000 tires for $116 per tire. Brightstone’s accounting system indicates that the total cost per tire … Continue reading Accounting Assignment | Buy Homework Help

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Burlingame Carpets received a cheque for $8000 on December 10 from Sorenson Flooring as a partial payment of Burlingame’s invoice. The invoice, dated November 20, was for $14,772 with terms 2/10, 1/20, n/45, EOM. a. How much should Burlingame credit Sorenson’s account? b. What is the balance still owed? Get Accounting Help Today James Jake Continue reading Accounting Assignment | Buy Homework Help

Cash Flow Assignment | Buy Homework Help

Calculate CAE’s current and quick ratios, and the amount of working capital on hand on March 31, 2012, and 2011. Using the current and quick ratios, the amount of working capital, and the information in the statements of cash flow, provide an assessment of CAE’s liquidity position. Get Accounting Help Today James Jake Continue reading Cash Flow Assignment | Buy Homework Help

Accounting Assignment | Buy Homework Help

Calculate the book value per common share for 2014 and evaluate the result against the industry average in Exhibit, explaining why it compares favorably or unfavorably (round to two decimal places). Current ratio………………………………………………….. 1.6:1Acid-test ratio …………………………………………………. 1.1:1Accounts receivable turnover ……………………………. 16 timesDays’ sales uncollected…………………………………….. 21 days merchandise turnover ……………………………………… 5 timesDays’ sales in inventory ……………………………………. 70 days total asset turnover …………………………………………. 2.3 times account payable … Continue reading Accounting Assignment | Buy Homework Help

Earnings Per Share Assignment | Buy Homework Help

Calculate the earnings per share for 2014 and evaluate the result against the industry average in Exhibit, explaining why it compares favorably or unfavorably (round to two decimal places). Current ratio………………………………………………….. 1.6:1Acid-test ratio …………………………………………………. 1.1:1Accounts receivable turnover ……………………………. 16 timesDays’ sales uncollected…………………………………….. 21 daysMerchandise turnover ……………………………………… 5 timesDays’ sales in inventory ……………………………………. 70 daysTotal asset turnover …………………………………………. 2.3 timesAccounts payable turnover……………………………….. 4 timesDebt ratio ……………………………………………………… … Continue reading Earnings Per Share Assignment | Buy Homework Help

Gross Profit Ratio Assignment | Buy Homework Help

Calculate the gross profit ratio for 2014 and evaluate the result against the industry average in Exhibit, explaining why it compares favorably or unfavorably (round to two decimal places). Current ratio………………………………………………….. 1.6:1Acid-test ratio …………………………………………………. 1.1:1Accounts receivable turnover ……………………………. 16 timesDays’ sales uncollected…………………………………….. 21 days merchandise turnover ……………………………………… 5 timesDays’ sales in inventory ……………………………………. 70 days total asset turnover …………………………………………. 2.3 times account payable turnover……………………………….. 4 … Continue reading Gross Profit Ratio Assignment | Buy Homework Help

Accounting Assignment | Buy Homework Help

Calculate the profit margin for 2014 and evaluate the result against the industry average in Exhibit, explaining why it compares favorably or unfavourably (round to two decimal places). Current ratio………………………………………………….. 1.6:1Acid-test ratio …………………………………………………. 1.1:1Accounts receivable turnover ……………………………. 16 timesDays’ sales uncollected…………………………………….. 21 daysMerchandise turnover ……………………………………… 5 timesDays’ sales in inventory ……………………………………. 70 daysTotal asset turnover …………………………………………. 2.3 timesAccounts payable turnover……………………………….. 4 timesDebt ratio ……………………………………………………… 35%Equity … Continue reading Accounting Assignment | Buy Homework Help

Accounting Assignment | Buy Homework Help

Calculate the return on total assets for 2014 and evaluate the result against the industry average in Exhibit 18.11, explaining why it compares favorably or unfavourably (round to two decimal places). Current ratio………………………………………………….. 1.6:1Acid-test ratio …………………………………………………. 1.1:1Accounts receivable turnover ……………………………. 16 timesDays’ sales uncollected…………………………………….. 21 days merchandise turnover ……………………………………… 5 timesDays’ sales in inventory ……………………………………. 70 days total asset turnover …………………………………………. 2.3 times account payable … Continue reading Accounting Assignment | Buy Homework Help

Accounting Assignment | Buy Homework Help

Canada showed the following equity on its December 31, 2014, balance sheet: Contributed capital preferred shares, $2 non-cumulative authorized: 50,000Issued and outstanding: 0…………………………………………………………………… $ -0-Common shares authorized: UnlimitedIssued and outstanding: 50,000…………………………………………………….. 6,800,000Total contributed capital………………………………………………………………….. $ 6,800,000Retained earnings …………………………………………………………………………… 3,800,000Total equity ………………………………………………………………………………………. $10,600,000The shareholders of CanaCo expressed concerns to the board of directors at the recent annual meeting that the market price of their shares has … Continue reading Accounting Assignment | Buy Homework Help

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Carson had the following itemized deductions in 2014: State income taxes…………………………… $1,500 Charitable contributions…………………….… 9,900 Mortgage interest (personal residence)……… 12,000 Medical expenses [$8,000-(10% ×$75,000)]…… 500 Miscellaneous [$2,200-(2%×$75,000)]………… 700 a. What are Carson’s itemized deductions for AMT purposes? b. What is the amount of the AMT adjustment? Get Accounting Help Today James Jake Continue reading Accounting Assignment | Buy Homework Help

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Cedar Park Senior Center has a weekly payroll of $ 10,000. December 31 falls on Thursday, and Cedar Park Senior Center will pay its employees the following Monday (January 4) for the previous full week. Assume Cedar Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $ 510,000. Requirements 1. Record the adjusting entry for accrued salaries on … Continue reading Accounting Assignment | Buy Homework Help