Homework Answers
Answer is $12,000
Insurance Premium for 2 years = $36,000
Insurance Premium for 1 month = Insurance Premium for 2 years /
24
Insurance Premium for 1 month = $36,000 / 24
Insurance Premium for 1 month = $1,500
Insurance Premium for 8 months = Insurance Premium for 1 month *
8
Insurance Premium for 8 months = $1,500 * 8
Insurance Premium for 8 months = $12,000
Insurance expense for the year ended December 31 is $12,000
Problem 5. Each space shuttle has siz 0-rings and each O-ring fails with probability ea+bt where...
Problem 5. Each space shuttle has siz 0-rings and each O-ring fails with probability ea+bt where a 5.085, b--0.1156, and t is the temperature (in degrees Fahrenheit) at the time of the launch of the space shuttle. At the time of the fatal launch of the Challenger, t 31 (a) Let X be the number of failing O-rings at launch temperature 31.F. What type of probability distribution does X have, and what are the values of its parameters? b) What...
Cash payments for income taxes during the year ended December 31, 2019 were $172,000. Income taxes...
Cash payments for income taxes during the year ended December
31, 2019 were $172,000. Income taxes payable decreased from $61,000
on January 1, 2019 to $44,000 on December 31, 2019. How much was
income tax expense for the year ended December 31, 2019?
4 Cash payments for income taxes during the year ended December 31, 2019 were $172,000. Income taxes payable decreased from $61,000 on January 1, 2019 to $44,000 on December 31, 2019. How much was income tax expense...
OO The walce of Blue S ec Begion System Data Year Ended December 31, 2018 December...
OO The walce of Blue S ec Begion System Data Year Ended December 31, 2018 December 31, 2018 Account OS 2.600 100 Bu Choose from yo u Dube System at December 31, 2018, folow balance) The adjusted balance of sume Cho then to the Read the resuirements Requirement the compare and sing othe r s Statement of ind ings R ay 1 2018 R e mings, December 31, 2018 widge Orvitendo Service Requirements. Prepare the w a y balance what...
Maple Corp. had net sales of $204,550 for the year ended December 31, 2017. Its beginning...
Maple Corp. had net sales of $204,550 for the year ended December 31, 2017. Its beginning and ending total assets were $83,200 and $116,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2017. (Round your answer to two decimal places.) O A. 2.46 times B. 2.05 times C. 0.49 times O D. 1.16 times
The following information was available for the year ended December 31, 2019
The following information was available for the year ended December 31, 2019: Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2019. b. Calculate ROE for the year ended December 31, 2019. c. Calculate the price/earnings ratio for 2019. d. Calculate the dividend payout ratio for 2019. e. Calculate the dividend yield for 2019.
Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 640,000 $ 38,000 $ 13,000 $ 380,600 $ 25,000 $ 2,900 $ 25,300 $ 124,000 $ 32,000 $ 153,700 $ 12,000 $ 54,600 $ 6,000 $ 260,000 $ 3,800 $ What is...
) Prepare the income statement for the year ended December 31. (2) Prepare the statement of...
)
Prepare the income statement for the year ended December 31. (2)
Prepare the statement of retained earnings for the year ended
December 31
The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Cred Debit $ 6,600 16,500 2,000 183,000 $ 37,698 75,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense...
Wesley Co. has provided you with the following selected data for the year ended December 31,...
Wesley Co. has provided you with the following selected data for the year ended December 31, 20x7: Sales Finished Goods Inventory, January 1, 20x7 Finished Goods Inventory, December 31, 20x7 Selling and administrative expenses Operating Income $595309 109569 148135 223610 42114 What was Wesley's cost of goods manufactured for the year? Select one: O a. $633875 Ob. $329585 O c. $368151 O d. $291019 Check
Bagwell's net income for the year ended December 31, Year 2 was $190,000. Information from Bagwell's...
Bagwell's net income for the year ended December 31, Year 2 was $190,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $505,000 $454,500 953,000 857,500 693,000 586,500 Multiple Choice $190,000 O O $105,500 O O $50.500 $95.500 O
21.The income statement for Pierre Paul Company for the year ended December 31, 2016 is as...
21.The income statement for Pierre Paul Company for the year ended December 31, 2016 is as follows: onoo sw notosane o ntne obo n T0832 idva PIERRE PAUL COMPANY Income Statement For the Year Ended December 31, 2016 Revenues m $53,000 4,000 $57,000 Sales revenue Interest revenue Total revenues Expenses 30,000 18,000 1,500 Cost of goods sold. Salaries and wages expense Interest expense. Total expenses 49,500 $ 7.500 Net income.... Prepare the entries to close the revenue and expense accounts...
Problem 5. Each space shuttle has siz 0-rings and each O-ring fails with probability ea+bt where a 5.085, b--0.1156, and t is the temperature (in degrees Fahrenheit) at the time of the launch of the space shuttle. At the time of the fatal launch of the Challenger, t 31 (a) Let X be the number of failing O-rings at launch temperature 31.F. What type of probability distribution does X have, and what are the values of its parameters? b) What...
Cash payments for income taxes during the year ended December
31, 2019 were $172,000. Income taxes payable decreased from $61,000
on January 1, 2019 to $44,000 on December 31, 2019. How much was
income tax expense for the year ended December 31, 2019?
4 Cash payments for income taxes during the year ended December 31, 2019 were $172,000. Income taxes payable decreased from $61,000 on January 1, 2019 to $44,000 on December 31, 2019. How much was income tax expense...
OO The walce of Blue S ec Begion System Data Year Ended December 31, 2018 December 31, 2018 Account OS 2.600 100 Bu Choose from yo u Dube System at December 31, 2018, folow balance) The adjusted balance of sume Cho then to the Read the resuirements Requirement the compare and sing othe r s Statement of ind ings R ay 1 2018 R e mings, December 31, 2018 widge Orvitendo Service Requirements. Prepare the w a y balance what...
Maple Corp. had net sales of $204,550 for the year ended December 31, 2017. Its beginning and ending total assets were $83,200 and $116,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2017. (Round your answer to two decimal places.) O A. 2.46 times B. 2.05 times C. 0.49 times O D. 1.16 times
The following information was available for the year ended December 31, 2019: Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2019. b. Calculate ROE for the year ended December 31, 2019. c. Calculate the price/earnings ratio for 2019. d. Calculate the dividend payout ratio for 2019. e. Calculate the dividend yield for 2019.
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 640,000 $ 38,000 $ 13,000 $ 380,600 $ 25,000 $ 2,900 $ 25,300 $ 124,000 $ 32,000 $ 153,700 $ 12,000 $ 54,600 $ 6,000 $ 260,000 $ 3,800 $ What is...
)
Prepare the income statement for the year ended December 31. (2)
Prepare the statement of retained earnings for the year ended
December 31
The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Cred Debit $ 6,600 16,500 2,000 183,000 $ 37,698 75,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense...
Wesley Co. has provided you with the following selected data for the year ended December 31, 20x7: Sales Finished Goods Inventory, January 1, 20x7 Finished Goods Inventory, December 31, 20x7 Selling and administrative expenses Operating Income $595309 109569 148135 223610 42114 What was Wesley's cost of goods manufactured for the year? Select one: O a. $633875 Ob. $329585 O c. $368151 O d. $291019 Check
Bagwell's net income for the year ended December 31, Year 2 was $190,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $505,000 $454,500 953,000 857,500 693,000 586,500 Multiple Choice $190,000 O O $105,500 O O $50.500 $95.500 O
21.The income statement for Pierre Paul Company for the year ended December 31, 2016 is as follows: onoo sw notosane o ntne obo n T0832 idva PIERRE PAUL COMPANY Income Statement For the Year Ended December 31, 2016 Revenues m $53,000 4,000 $57,000 Sales revenue Interest revenue Total revenues Expenses 30,000 18,000 1,500 Cost of goods sold. Salaries and wages expense Interest expense. Total expenses 49,500 $ 7.500 Net income.... Prepare the entries to close the revenue and expense accounts...
Most questions answered within 3 hours.
-
DP Gumby produces sleeveless sweaters. He can separate the
demand function into a domestic component: QD=...
asked 13 minutes ago -
6) Weak acids are not very soluble in water. A). TRUE B).
FALSE
The answer says...
asked 19 minutes ago -
Lab #2 Address Book Unsorted List (C++)
Using classes, design an online address book to keep...
asked 29 minutes ago -
Tucson Machinery, Inc., manufactures numerically controlled
machines, which sell for an average price of $0.5 million...
asked 44 minutes ago -
Review the referenced paper by Melse (2008). Describe the
research question being addressed. Discuss the methods...
asked 49 minutes ago -
Please do all parts. I don't want to hear your as per guidelines
stuff. Do if...
asked 59 minutes ago -
1. Why is Hardy-Weinberg Theorum important? How can we
test whether a population is in H-W...
asked 59 minutes ago -
A sample of 3 is selected from 9 cards. How many permutation is
possible? Show Work.
asked 1 hour ago -
Identify a commercial data mining software product (e.g., SAS)
and an open-source data mining product (e.g.,...
asked 1 hour ago -
Following are the capital account balances for the William,
Jennings, and Bryan partnership:
William (40% of...
asked 1 hour ago -
An investment project provides cash inflows of $770 per year for
11 years.
a. What is...
asked 1 hour ago -
About the lecture of human resource management, give me the
process and schedule of how the...
asked 1 hour ago