Homework Answers
| No. | Transaction | Interest Coverage ratio | Debt Ratio | Debt/Equity ratio | Reason |
| Purchase of buildings financed by mortgage | D | I | I | Debt & TA increases | |
| a | Sale of common stock | N | D | D | TA & Equity increases |
| b | Repayment of long-term bank loan | I | D | D | Debt decreases |
| c | Conversion of bonds to common stock | D | D | D | debt decreases and Equity increases |
| d | Declaration and payment of cash dividend | N | I | I | TA & Equity decreases |
| e | Declaration and distribution of stock dividend | N | N | N | no change in equity & TA |
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why
should capitalized interest be added to interest expense when
computing interest coverage ratio ?
SON...
ION wVAal transactona often hive a gnhoant pait en hs w Uee Lfor Increase, 0 for...
ION wVAal transactona often hive a gnhoant pait en hs w Uee Lfor Increase, 0 for decrease, and N for no chanae he deectNon of uch an mpad 1S POINTS) No. Delti Debi Ralle Interest Coverage Ratie Transaction hato Aurchase et buildings fnanced by moitgeu a. Sale of comvnon stock Repayment of long-term bank loan Conversion of bonds to common slock C. Declaration and payment of eash dividend Declaration and distribution of stock dividend.
EXAn Fat the bej and a $5 mm urke ing rate I. Select the best answer...
EXAn Fat the bej and a $5 mm urke ing rate I. Select the best answer (60 points) The conversion of bonds is most commonly recorded by the 1 gslain the mit entries eries: C fair v a. incremental method b. proportional method. c. market value method. d. book value method If a company offers additional considerations to convertible bondholders In order to encourage 2. conversion, it is called a(an): of end mont nsid mobi a. forced conversion. b. sweetener...
You have been engaged as a consultant to design a master budget model and then to...
You have been engaged as a consultant to design a master budget model and then to assist Helping Hand Corp. in making some management decisions based on that master budget. Helping Hand is a small, rapidly growing wholesaler of consumer electronic products. The company's main product lines are small kitchen appliances and power tools. The marketing manager has recently completed a sales forecast. She believes the company's sales will increase by 2 percent each month over the previous month's sales...
Which of the following transactions should be classified as investing activities on an entity's statement of cash flows?...
Which of the following transactions should be classified as investing activities on an entity's statement of cash flows? Increase in accounts receivable. Sale of property, plant and equipment. Payment of cash dividend to the shareholders. Issuance of common stock to the shareholders. On January 1 of the current year, Wren Co. leased a building to Brill under an operating lease for ten years at $50,000 per year, payable the first day of each lease year. Wren paid $15,000 to a...
You have been engaged as a consultant to design a master budget model and then to...
You have been engaged as a consultant to design a master budget model and then to assist Helping Hand Corp. in making some management decisions based on that master budget. Helping Hand is a small, rapidly growing wholesaler of consumer electronic products. The company's main product lines are small kitchen appliances and power tools. The marketing manager has recently completed a sales forecast. She believes the company's sales will increase by 2 percent each month over the previous month's sales...
PLEASE SHOW ALL WORK!! You have been engaged as a consultant to design a master budget...
PLEASE SHOW ALL WORK!! You have been engaged as a consultant to design a master budget model and then to assist Helping Hand Corp. in making some management decisions based on that master budget. Helping Hand is a small, rapidly growing wholesaler of consumer electronic products. The company’s main product lines are small kitchen appliances and power tools. The marketing manager has recently completed a sales forecast. She believes the company’s sales will increase by 2 percent each month over...
Please show ALL work, including formulas used and equations for excel You have been engaged as...
Please show ALL work, including formulas used and equations for excel You have been engaged as a consultant to design a master budget model and then to assist Helping Hand Corp. in making some management decisions based on that master budget. Helping Hand is a small, rapidly growing wholesaler of consumer electronic products. The company’s main product lines are small kitchen appliances and power tools. The marketing manager has recently completed a sales forecast. She believes the company’s sales will...
Using the money from their recent bond issue, Terry’s management has decided to declare an additional...
Using the money from their recent bond issue, Terry’s management
has decided to declare an additional $562,500 dividend. The date of
declaration is December 30, Year 3. The date of record will be
January 15, Year 4, and the date of payment will be January 30,
Year 4.
As an additional signal to the market, Terry’s management
repurchased 205,000 shares of Terry’s common stock on December 15,
Year 3 for $8.00 a share.
Terry’s management would like to know the...
Required: Complete the adjusting entries that you determine are necessary, based on the data that you...
Required:
Complete the adjusting entries that you determine are
necessary, based on the data that you have been
given. Record then in the general ledger and on the
worksheet. Make sure that the entries entered are in
perfect form with all required data. You may use SA as
the source (for supervisor approval). Show any
computations necessary to justify the entries you make. Write the
journal entries by hand in the general journal. You can print
general journal sheets from the Excel file given...
i need help with number 4, preparing the income statement, retained earnings statement, and the balance...
i need help with number 4, preparing the income statement,
retained earnings statement, and the balance sheet. this is the
information that i have.
Accounting Cycle Project (Group) ACCT3303 Spring 2020 Assignments Required: 1) Making journal entries for each transaction in chronological order. 2) Posting to the general ledger and prepare trial balance before adjustment. 3) Making adjusting entries and prepare adjusted trial balance. 4) Prepare Income Statement, Retained Earnings Statement, and Balance Sheet 5) Making closing entries. 6) Put...
ION wVAal transactona often hive a gnhoant pait en hs w Uee Lfor Increase, 0 for decrease, and N for no chanae he deectNon of uch an mpad 1S POINTS) No. Delti Debi Ralle Interest Coverage Ratie Transaction hato Aurchase et buildings fnanced by moitgeu a. Sale of comvnon stock Repayment of long-term bank loan Conversion of bonds to common slock C. Declaration and payment of eash dividend Declaration and distribution of stock dividend.
EXAn Fat the bej and a $5 mm urke ing rate I. Select the best answer (60 points) The conversion of bonds is most commonly recorded by the 1 gslain the mit entries eries: C fair v a. incremental method b. proportional method. c. market value method. d. book value method If a company offers additional considerations to convertible bondholders In order to encourage 2. conversion, it is called a(an): of end mont nsid mobi a. forced conversion. b. sweetener...
You have been engaged as a consultant to design a master budget model and then to assist Helping Hand Corp. in making some management decisions based on that master budget. Helping Hand is a small, rapidly growing wholesaler of consumer electronic products. The company's main product lines are small kitchen appliances and power tools. The marketing manager has recently completed a sales forecast. She believes the company's sales will increase by 2 percent each month over the previous month's sales...
You have been engaged as a consultant to design a master budget model and then to assist Helping Hand Corp. in making some management decisions based on that master budget. Helping Hand is a small, rapidly growing wholesaler of consumer electronic products. The company's main product lines are small kitchen appliances and power tools. The marketing manager has recently completed a sales forecast. She believes the company's sales will increase by 2 percent each month over the previous month's sales...
Using the money from their recent bond issue, Terry’s management
has decided to declare an additional $562,500 dividend. The date of
declaration is December 30, Year 3. The date of record will be
January 15, Year 4, and the date of payment will be January 30,
Year 4.
As an additional signal to the market, Terry’s management
repurchased 205,000 shares of Terry’s common stock on December 15,
Year 3 for $8.00 a share.
Terry’s management would like to know the...
Required:
Complete the adjusting entries that you determine are
necessary, based on the data that you have been
given. Record then in the general ledger and on the
worksheet. Make sure that the entries entered are in
perfect form with all required data. You may use SA as
the source (for supervisor approval). Show any
computations necessary to justify the entries you make. Write the
journal entries by hand in the general journal. You can print
general journal sheets from the Excel file given...
i need help with number 4, preparing the income statement,
retained earnings statement, and the balance sheet. this is the
information that i have.
Accounting Cycle Project (Group) ACCT3303 Spring 2020 Assignments Required: 1) Making journal entries for each transaction in chronological order. 2) Posting to the general ledger and prepare trial balance before adjustment. 3) Making adjusting entries and prepare adjusted trial balance. 4) Prepare Income Statement, Retained Earnings Statement, and Balance Sheet 5) Making closing entries. 6) Put...
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