Multiple Choice Question 131 The interest on a $10300, 9%, 1-year note receivable is $10393. $11227....
whats the interest on a $18000, 8%, 30-day note receviable ? Multiple Choice Question 141 The interest on a $18000, 8%, 30-day note receivable is (Use 360 days for cale $720 O $120. $240. O $360. Click if you would like to Show Work for this question: Opin Show Work!
Multiple Choice Question 131 Costas Combines, Inc. has beginning and ending raw materials inventories of $64000 and $80000, respectively. If direct materials used were $310000, what was the cost of raw materials purchased? O $330000. O $326000. O $310000 O $294000 Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 131 Sheridan's sells two products, a pepper relish with a selling price of $5.65 and a variable cost per jar of $2.40 and a blackberry marmalade with a selling price of $5.65 and a variable cost per jar of $2.30. Sheridan's expected sales are 1140 jars of pepper relish and 1710 jars of blackberry marmalade. Fixed expenses are $9706. How many jars of blackberry marmalade will Sheridan's need to sell to break-even? 1055 2850 1759 880 Click...
Multiple Choice Question 105 In Bramble Company, net income is $284800. If accounts receivable increased $140300 and accounts payable decreased $40800, net cash provided by operating activities using the indirect method is O $185300 $465900 O $384300 O $103700 Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 181 Equipment costing $21600 is purchased by paying $5400 cash and signing a note payable for the remainder. The Journal entry should include a debit to Cash credit to Equipment. credit to Notes Payable. credit to Notes Receivable. Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 69 Sheridan Company purchased $1150000 of 9 bends of Scott Company on January 1, 2018 paying $1074375. The bonds mature January 1, 2028; interest is payable each July 1 and January 1 The discount of $75625 provides an effective yield of 104. Sheridan Company uses the effective interest method and plans to hold these bonds to maturity On July 1, 2018, Sheridan Company should increase its Debt Investments account for the Scott Company bonds by $1969 $3938...
Multiple Choice Question 95 Oriole Company gives you the following information pertaining to the year 2017. Net sales Cost of goods sold Current assets Current liabilities Average total assets Total liabilities Net income $805000 513000 529000 234000 1150000 560000 133000 The asset turnover ratio of Oriole Company is O 0.12. O 0.70. O 0.45. O 1.43. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 96 Oriole Company gives you the following...
Time: 02:50 PM / Remaining: 26 min. CES IFRS Multiple Choice Question 05 Specific Identification can be used for inventory valuation under GAAP IFRS 0 Yes Yes 0 No Yes Click if you would like to Show Work for this question: Open Show Work! Question Attempts INC
Multiple Choice Question 58 Use the following table, Present Value of an Annuity of 1 Period 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $350000 and is expected to generate cash inflows of $150000 at the end of each year for three years. The net present value of this project is $29650. $75000....
Multiple Choice Question 111 Bramble Corp. had net income for the year of $717000 and a weighted average number of common shares outstanding during the period of 243000 shares. The company has a convertible bond issue outstanding. The bonds were issued four years ago at par (52960000), carry interest rate, and are convertible to 49300 shares of common stock. The company has 455 tax rate Diluted earnings per share are (rounded to the nearest penny) $3.26. $2.90 $2.01 $2.76 Click...