Homework Answers
| Purchase Price | $74,000 |
| Sales tax | $2,000 |
| Painting cost of logo | $1,600 |
| Safety testing | $270 |
| Total Cost of Truck | $77,870 |
| So Option A is answer |
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ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Multiple Choice Question 66 Wildhorse Co. purchases a...
C ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 14-09 Wildhorse Company reported retained earnings...
C ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 14-09 Wildhorse Company reported retained earnings at December 31, 2019, of $318,500. Wildhorse had 198,500 shares of common stock outstanding at the beginning of 2020. The Fonowing transactions occurred during 2020 1. A cash dividend of $0.70 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was 14 per share. 3. Net income was $283,000. Compute the ending...
BACK NE CALCULATOR PRINTER VERSION FULL SCREEN Multiple Choice Question 61 At December 31, 2017 Windsor,...
BACK NE CALCULATOR PRINTER VERSION FULL SCREEN Multiple Choice Question 61 At December 31, 2017 Windsor, Inc. inventory records indicated a balance of $870000. Upon further investigation it was determined that this amount included the following: • $179000 in inventory purchases made by Windsor shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd . $125000 in goods sold by Windsor with terms FOB destination on December 27th. The goods are not expected...
Question 21 Blossom Company purchases a new delivery truck for $45000. The sales taxes are $2000....
Question 21 Blossom Company purchases a new delivery truck for $45000. The sales taxes are $2000. The logo of the company is painted on the side of the truck for $1000. The truck's annual license is $100. The truck undergoes safety testing for $210. What does Blossom record as the cost of the new truck? $48310. 48210 $47000 $46210 Click If you would like to show Work for this question: Open Show. Work
Ignment > Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEX Exercise 25-02 (Video) Crane's...
Ignment > Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEX Exercise 25-02 (Video) Crane's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22,220. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $7,070 $10,100 $13,130 2 9 ,090 10,100 12,120 3 12,120 10,100 11,110 Total $28,280 $30,300 $36,360 The equipment's salvage value is zero, and Crane uses straight-line depreciation. Crane will...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-03 Wildhorse Company is constructing a building....
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-03 Wildhorse Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,028,000 on March 1, $1,308,000 on June 1, and $3,091,450 on December 31. Wildhorse Company borrowed $1,082,890 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,243,100 note payable and an 11%, 4-year, $3,364,500...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will blue's Bookstore make to show the Apri remittance Sales Taxes Payable O No entry required. Sales Tax Expense Cash Sales Tax Expense Sales Taxes Payable Question Attempts of 1 used SAVE FOR LATER SUBMIT ANSWER
CALCULATUR FULL SCREEN PRINTER VERSION BACK NE Brief Exercise 18-04 Wildhorse Company accumulates the following data...
CALCULATUR FULL SCREEN PRINTER VERSION BACK NE Brief Exercise 18-04 Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 8,000 7,490 Total Cost $14,120 13,495 March April Miles Driven 8,550 8,195 Total Cost $14,979 14,490 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile $ Compute the fixed cost elements using the high-low method. Fixed costs...
ent BACK NE FULL SCREEN PRINTER VERSION CALCULATOR Exercise 147 The following information is available for...
ent BACK NE FULL SCREEN PRINTER VERSION CALCULATOR Exercise 147 The following information is available for Gorman Company. 1. Purchased a copyright on January 1, 2017 for $60,000. It is estimated to have a 10-year life. 2. On July 1, 2017, legal fees for successful defense of the copyright purchased on January 1, 2017, were $17,100. Your answer is correct. Prepare the journal entries to record all the events related to the copyright during 2017. (Credit account titles are automatically...
CALCULATOR FULL SCREEN PRINTER VERSION NEXT BACK Multiple Choice Question 130 Vaughn Manufacturing had checks outstanding...
CALCULATOR FULL SCREEN PRINTER VERSION NEXT BACK Multiple Choice Question 130 Vaughn Manufacturing had checks outstanding totaling $33000 on its June bank reconciliation. In July, Vaughn Manufacturing issued checks totaling $238100. The July bank statement shows that $161000 in checks cleared the bank in July, A check from one of Vaughn Manufacturing's customers in the amount of $1800 was also returned marked "NSF" The amount of outstanding checks on Vaughrn Manufacturing's July bank reconciliation should be O$44100. $77100 O$110100 $108300...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck for a new truck. The used truck cost $45,600 and has accumulated depreciation of $41,040. The new truck is worth $56,240. Oriole also made a cash payment of $54,720 Prepare Oriole's entry to record the exchange. The exchange lacks commercial substance) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for...
C ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 14-09 Wildhorse Company reported retained earnings at December 31, 2019, of $318,500. Wildhorse had 198,500 shares of common stock outstanding at the beginning of 2020. The Fonowing transactions occurred during 2020 1. A cash dividend of $0.70 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was 14 per share. 3. Net income was $283,000. Compute the ending...
BACK NE CALCULATOR PRINTER VERSION FULL SCREEN Multiple Choice Question 61 At December 31, 2017 Windsor, Inc. inventory records indicated a balance of $870000. Upon further investigation it was determined that this amount included the following: • $179000 in inventory purchases made by Windsor shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd . $125000 in goods sold by Windsor with terms FOB destination on December 27th. The goods are not expected...
Question 21 Blossom Company purchases a new delivery truck for $45000. The sales taxes are $2000. The logo of the company is painted on the side of the truck for $1000. The truck's annual license is $100. The truck undergoes safety testing for $210. What does Blossom record as the cost of the new truck? $48310. 48210 $47000 $46210 Click If you would like to show Work for this question: Open Show. Work
Ignment > Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEX Exercise 25-02 (Video) Crane's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22,220. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $7,070 $10,100 $13,130 2 9 ,090 10,100 12,120 3 12,120 10,100 11,110 Total $28,280 $30,300 $36,360 The equipment's salvage value is zero, and Crane uses straight-line depreciation. Crane will...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-03 Wildhorse Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,028,000 on March 1, $1,308,000 on June 1, and $3,091,450 on December 31. Wildhorse Company borrowed $1,082,890 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,243,100 note payable and an 11%, 4-year, $3,364,500...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will blue's Bookstore make to show the Apri remittance Sales Taxes Payable O No entry required. Sales Tax Expense Cash Sales Tax Expense Sales Taxes Payable Question Attempts of 1 used SAVE FOR LATER SUBMIT ANSWER
CALCULATUR FULL SCREEN PRINTER VERSION BACK NE Brief Exercise 18-04 Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 8,000 7,490 Total Cost $14,120 13,495 March April Miles Driven 8,550 8,195 Total Cost $14,979 14,490 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile $ Compute the fixed cost elements using the high-low method. Fixed costs...
ent BACK NE FULL SCREEN PRINTER VERSION CALCULATOR Exercise 147 The following information is available for Gorman Company. 1. Purchased a copyright on January 1, 2017 for $60,000. It is estimated to have a 10-year life. 2. On July 1, 2017, legal fees for successful defense of the copyright purchased on January 1, 2017, were $17,100. Your answer is correct. Prepare the journal entries to record all the events related to the copyright during 2017. (Credit account titles are automatically...
CALCULATOR FULL SCREEN PRINTER VERSION NEXT BACK Multiple Choice Question 130 Vaughn Manufacturing had checks outstanding totaling $33000 on its June bank reconciliation. In July, Vaughn Manufacturing issued checks totaling $238100. The July bank statement shows that $161000 in checks cleared the bank in July, A check from one of Vaughn Manufacturing's customers in the amount of $1800 was also returned marked "NSF" The amount of outstanding checks on Vaughrn Manufacturing's July bank reconciliation should be O$44100. $77100 O$110100 $108300...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck for a new truck. The used truck cost $45,600 and has accumulated depreciation of $41,040. The new truck is worth $56,240. Oriole also made a cash payment of $54,720 Prepare Oriole's entry to record the exchange. The exchange lacks commercial substance) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for...
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