Could you solve clearly? Thanks a lot!!
Homework Answers
Correct answer------------(c) $1,400,000
Working
| Beginning value of Equipment | $ 2,000,000 |
| Less: Equipment sold | $ 300,000 |
| $ 1,700,000 | |
| Ending equipment value | $ 3,300,000 |
| Equipment purchased(3300000-1700000) | $ 1,600,000 |
| Less: Equipment purchased in exchange for notes | $ 200,000 |
| Equipment purchased for cash | $ 1,400,000 |
Add Answer to:
Could you solve clearly? Thanks a lot!!
G Corp. began 2010 with $2,000,000 in its equipment...
Could you solve clearly? Thanks a lot!! 15. Joliet's 2009 and 2010 financial statements included the...
Could you solve clearly?
Thanks a lot!!
15. Joliet's 2009 and 2010 financial statements included the following data: 2009 2010 Accounts Receivable $ 150,000 $ 250,000 Inventory 150,000 195,000 Total Assets 946,000 878,000 Net Sales (all on credit) 2,000,000 2,200,000 Cost of Goods Sold 1,300,000 1,500,000 Assume a 360-day year for all calculations. a. b. What is Joliet's accounts receivable turnover ratio for 2010? 8.8 10.5 11.0 13.3 14.0 d. e.
Could you solve clearly? Thanks a lot!! 1 July 1, 2010, Studemont purchased a delivery truck...
Could you solve clearly? Thanks a lot!!
1 July 1, 2010, Studemont purchased a delivery truck for $50,000. The truck has a $10,000 salvage value and a 160,000-mile estimated useful life. Studemont uses the units-of-production depreciation method. Studemont drove the truck 20.000 and 50,000 miles during 2010 and 2011, respectively. What is the balance in Studemont's Accumulated Depreciation account relative to delivery truck at December 31, 2011? a. $ 5,000 b. $12,500 $15,000 $17,500 e. $21,875
Could you solve clearly? Thanks a lot!! 10. Sami Co. had the following account balances at...
Could you solve clearly?
Thanks a lot!!
10. Sami Co. had the following account balances at the beginning and end of 2010: Jan. 1. 2010 Dec. 31. 2010 Buildings $1,300,000 $1,860,000 Accumulated Depreciation - Buildings 741,000 703,000 During 2010, Sami Co. sold a building that originally cost $200,000 for $22,000. The building had value of $25,000. What was the cost of the buildings purchased during 2010? a. $560,000 b. $585,000 c. $598,000 d. $760,000 e. none of the above 11....
Could you solve clearly? Thanks a lot!! 12. Butler Corp.'s Retained Earnings balance at the end...
Could you solve clearly?
Thanks a lot!!
12. Butler Corp.'s Retained Earnings balance at the end of 2009 and 2010 was $435,000 and $573,000, respectively. During 2010, Butler's net income was $295,000. Both cash and stock dividends were declared and settled during 2010. The total stock dividend was $28,000. During 2010, how much cash did Butler use for dividends? a. $28,000 4350oo-573000 - - 136ooot: b. $129.000 S757.000 157ooo
Could you solve clearly? Thanks a lot!! Natasha Co.'s Work in Process Inventory balance at the...
Could you solve clearly?
Thanks a lot!!
Natasha Co.'s Work in Process Inventory balance at the end of 2009 and 2010 was $200,000 and $150,000, respectively. During 2010, Natasha transferred $1,980,000 of completed products to finished goods. If $500,000 of direct labor and $300,000 overhead were added to Work in Progress Inventory during 2010, how many dollars of direct material was used in work in process? a $850,000 b. $1,130,000 c. $1,180,000 d. $1,230,000 e. Cannot be determined from the...
Could you solve clearly? Thanks a lot!! Bullwinkle's Direct Material Inventory balance at the end of...
Could you solve clearly?
Thanks a lot!!
Bullwinkle's Direct Material Inventory balance at the end of 2009 and 2010 was $200,000 and $350,000, respectively. During 2010, Bullwinkle transferred $700,00 winkle transferred $700,000 of direct materials to Work in Process Inventory. How many dollars of direct materials did Bullwinkle buy during 2010?! a. $150,000 b. $350,000 c. $550,000 d. $700,000 e. $850,000
Could you solve clearly? Thanks a lot!! Fein Corp. manufactures food processors, each containing $20 of...
Could you solve clearly? Thanks a lot!!
Fein Corp. manufactures food processors, each containing $20 of variable costs. Fein's fixed costs are $1,200,000, spread evenly throughout the year. If Fein expects to produces 20,000 food processors in May, what is Fein's total expected cost for the month? a. $ 100,000 b. $ 400,000. c. $ 500,000. d. $1,200,000. e. $1,600,000.
Could you solve clearly? Thanks a lot!! er 31, 2010, balance 16. The following asset and...
Could you solve clearly?
Thanks a lot!!
er 31, 2010, balance 16. The following asset and liability accounts are shown on Mason Store's December 31, 2010 sheet: $ 80,000 Accounts Receivable 30,000 Current Portion of Long-Term Debt Cash 35,000 6,000 Accounts Payable Allowance for Uncollectible Accounts 3,000 Equipment 28,000 Accumulated Depreciation - Equipment 6,000 Intangible Assets 20,000 Unearned Rent 10,000 Inventory 19,000 Bonds Payable (Long-Term) 20,000 و نه What is Mason's quick ratio at December 31, 2010? 1.70 2.00 2.43...
Could you solve clearly? Thanks a lot!! Brandt Corporation's office supplies account balance at the end...
Could you solve clearly?
Thanks a lot!!
Brandt Corporation's office supplies account balance at the end of 2009 and 2010 was $110,000 and $150,000, respectively. During 2010, Brandt's office supplies expense was $75,000. During 2010, how many dollars of office supplies did Brandt purchase? a $ 35,000 15o ano - 11oooo Yooouo b. $ 75,000 - 75000 c. $ 115,000 - 35.00 d. $150,000 e. $225,000 5 Joliet's 2009 and 2010 financial statements included the following data: 10
Could you solve clearly? Thanks a lot!! Glenrose Co. introduced a high-quality leather briefcase in 2010....
Could you solve clearly? Thanks a lot!!
Glenrose Co. introduced a high-quality leather briefcase in 2010. The company provides a three-year warranty on the products and estimates that 1% of the briefcases sold will need to be repaired in Year 1. 3% in Year 2, and 4% in Year 3. The average expected repair cost per briefcase is $60. During 2010. the company sold 50,000 briefcases and spent $17,500 for repairs. Related to these briefcases, Glenrose a. does not need...
Could you solve clearly?
Thanks a lot!!
15. Joliet's 2009 and 2010 financial statements included the following data: 2009 2010 Accounts Receivable $ 150,000 $ 250,000 Inventory 150,000 195,000 Total Assets 946,000 878,000 Net Sales (all on credit) 2,000,000 2,200,000 Cost of Goods Sold 1,300,000 1,500,000 Assume a 360-day year for all calculations. a. b. What is Joliet's accounts receivable turnover ratio for 2010? 8.8 10.5 11.0 13.3 14.0 d. e.
Could you solve clearly? Thanks a lot!!
1 July 1, 2010, Studemont purchased a delivery truck for $50,000. The truck has a $10,000 salvage value and a 160,000-mile estimated useful life. Studemont uses the units-of-production depreciation method. Studemont drove the truck 20.000 and 50,000 miles during 2010 and 2011, respectively. What is the balance in Studemont's Accumulated Depreciation account relative to delivery truck at December 31, 2011? a. $ 5,000 b. $12,500 $15,000 $17,500 e. $21,875
Could you solve clearly?
Thanks a lot!!
10. Sami Co. had the following account balances at the beginning and end of 2010: Jan. 1. 2010 Dec. 31. 2010 Buildings $1,300,000 $1,860,000 Accumulated Depreciation - Buildings 741,000 703,000 During 2010, Sami Co. sold a building that originally cost $200,000 for $22,000. The building had value of $25,000. What was the cost of the buildings purchased during 2010? a. $560,000 b. $585,000 c. $598,000 d. $760,000 e. none of the above 11....
Could you solve clearly?
Thanks a lot!!
12. Butler Corp.'s Retained Earnings balance at the end of 2009 and 2010 was $435,000 and $573,000, respectively. During 2010, Butler's net income was $295,000. Both cash and stock dividends were declared and settled during 2010. The total stock dividend was $28,000. During 2010, how much cash did Butler use for dividends? a. $28,000 4350oo-573000 - - 136ooot: b. $129.000 S757.000 157ooo
Could you solve clearly?
Thanks a lot!!
Natasha Co.'s Work in Process Inventory balance at the end of 2009 and 2010 was $200,000 and $150,000, respectively. During 2010, Natasha transferred $1,980,000 of completed products to finished goods. If $500,000 of direct labor and $300,000 overhead were added to Work in Progress Inventory during 2010, how many dollars of direct material was used in work in process? a $850,000 b. $1,130,000 c. $1,180,000 d. $1,230,000 e. Cannot be determined from the...
Could you solve clearly?
Thanks a lot!!
Bullwinkle's Direct Material Inventory balance at the end of 2009 and 2010 was $200,000 and $350,000, respectively. During 2010, Bullwinkle transferred $700,00 winkle transferred $700,000 of direct materials to Work in Process Inventory. How many dollars of direct materials did Bullwinkle buy during 2010?! a. $150,000 b. $350,000 c. $550,000 d. $700,000 e. $850,000
Could you solve clearly? Thanks a lot!!
Fein Corp. manufactures food processors, each containing $20 of variable costs. Fein's fixed costs are $1,200,000, spread evenly throughout the year. If Fein expects to produces 20,000 food processors in May, what is Fein's total expected cost for the month? a. $ 100,000 b. $ 400,000. c. $ 500,000. d. $1,200,000. e. $1,600,000.
Could you solve clearly?
Thanks a lot!!
er 31, 2010, balance 16. The following asset and liability accounts are shown on Mason Store's December 31, 2010 sheet: $ 80,000 Accounts Receivable 30,000 Current Portion of Long-Term Debt Cash 35,000 6,000 Accounts Payable Allowance for Uncollectible Accounts 3,000 Equipment 28,000 Accumulated Depreciation - Equipment 6,000 Intangible Assets 20,000 Unearned Rent 10,000 Inventory 19,000 Bonds Payable (Long-Term) 20,000 و نه What is Mason's quick ratio at December 31, 2010? 1.70 2.00 2.43...
Could you solve clearly?
Thanks a lot!!
Brandt Corporation's office supplies account balance at the end of 2009 and 2010 was $110,000 and $150,000, respectively. During 2010, Brandt's office supplies expense was $75,000. During 2010, how many dollars of office supplies did Brandt purchase? a $ 35,000 15o ano - 11oooo Yooouo b. $ 75,000 - 75000 c. $ 115,000 - 35.00 d. $150,000 e. $225,000 5 Joliet's 2009 and 2010 financial statements included the following data: 10
Could you solve clearly? Thanks a lot!!
Glenrose Co. introduced a high-quality leather briefcase in 2010. The company provides a three-year warranty on the products and estimates that 1% of the briefcases sold will need to be repaired in Year 1. 3% in Year 2, and 4% in Year 3. The average expected repair cost per briefcase is $60. During 2010. the company sold 50,000 briefcases and spent $17,500 for repairs. Related to these briefcases, Glenrose a. does not need...
Most questions answered within 3 hours.
-
(63
#14)
which of the following statments best describes how chamging
the concentration of the substances...
asked 3 hours ago -
In the following reaction, which element is undergoing
oxidation: Na2SO3 + N2O --> N2 + Na2SO4...
asked 4 hours ago -
Which of the following pairs of ions have the same electron
configuration?
I: Br− and Se2−...
asked 6 hours ago -
The Foremost Composite Materials Company is planning a two-day
sales conference for October 19-20. The conference...
asked 7 hours ago -
3) Illustrate the observed pattern of relatedness of organisms
versus adaptations to specific conditions. This means...
asked 7 hours ago -
In winter a lake has a 0.35 m thick ice layer over 1.10 m of
water....
asked 8 hours ago -
Assuming the following has been encrypted with a Vigenere cipher
below, use the method(s) and assumptions...
asked 8 hours ago -
How would I use switch statements to write a program that will
take an input of...
asked 8 hours ago -
Imagine a reaction in which methane gas combusts at a constant
pressure of 1 atm and...
asked 8 hours ago -
Two parallel wires (each 12 m in length) are separated by a
distance of 0.065 m...
asked 8 hours ago -
Suppose there were three masses at the corner of uniform
equilateral triangle. The masses are m1...
asked 8 hours ago -
Situation: A building that is 618 m above the ground floor. How
many times would a...
asked 8 hours ago