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LO 10-S2] 31, and a your answers to the nearest whole dollar that the 01/01/15 19.623
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31, 2017, and bond retirement 31, 2015 and 2016 486.127 19,623 4 623 LO 10-S2] 31, and a your answers to the nearest whole dollar that the 01/01/15 19.623 31, 2017, and bond retirement 31,...
On August 1, 2017, Alpha Company' retired a $10,000 bond at 102. On July 31, 2017...
On August 1, 2017, Alpha Company' retired a $10,000 bond at 102. On July 31, 2017 Alpha had accrued the interest payment for $250. At the date of retirement, the unamortized discount on the bonds was $400. Use this information to determine the dollar value of Alpha Company's: (Round all dollar values to the nearest whole dollar.) 1. Gain or Loss on Retirement of Bond: enter any loss dollar & amount inside of brackets ) 2. Cash paid to retire...
1. Straight-Line Depreciation Year Expense 2015 $ 2016 2017 2018 2019 2. Double-declining balance (Round answers...
1. Straight-Line Depreciation Year Expense 2015 $ 2016 2017 2018 2019 2. Double-declining balance (Round answers to the nearest whole number, when appropriate.) Depreciation Year Expense 2015 $ 2016 2017 2018 2019 Depreciation Methods On January 2, 2015, Roth, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. The machine cost $125,000, and its estimated useful life was four years or 1,200,000 cuttings, after which it could be...
Question 5 (6 points) On January 1, 2016, Alpha Company secured a $100,000, 6% annual rate...
Question 5 (6 points) On January 1, 2016, Alpha Company secured a $100,000, 6% annual rate mortgage note. Monthly payments are $1,500, with the first payment being due on January 31 2016, what is the unpaid balance of the note on March 1, 2016? (Round your answer to the nearest whole dollar.) Question 6 (8 points) On August 1, 2017, Alpha Company retired a $10,000 bond at 102. On July 31, 2017 Alpha had accrued the interest payment for $250....
Problem 10-231 [LO 10-S2] Bonds with a stated interest rate of 9% and a face value...
Problem 10-231 [LO 10-S2] Bonds with a stated interest rate of 9% and a face value totaling $250,000 were issued for $262,500 on January 1, 2018, when the market interest rate was 8%. The company uses effective-interest bond amortization. Required: Determine the carrying value of the bonds at December 31, 2019. (Round your answer to nearest whole dollar.) Carrying Value
- viena history are as follows: Dividend paid at Year-End Year 2015 2016 2017 2018 Beginning-of-Year...
- viena history are as follows: Dividend paid at Year-End Year 2015 2016 2017 2018 Beginning-of-Year Price $102 105 91 96 2.58 An investor buys three shares of XYZ at the beginning of 2015, buys another one shares at the beginning of 2016, sells one share at the beginning of 2017, and sells all three remaining shares at the beginning of 2018. a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round...
Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At...
Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31, 396 $ 35,274 $ 36, 744 86,579 61,730 49,982 108,856 83,219 51,639 9,816 9,634 4,248 279,995 255,524 232,287 $ 516,642 $...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 35,286...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
35,286
$
41,246
$
40,887
Accounts receivable, net
101,276
68,676
54,516
Merchandise inventory
124,839
95,381
58,060
Prepaid expenses
11,143
10,407
4,634
Plant assets, net
308,101
284,846
254,903
Total assets
$
580,645
$
500,556
$
413,000
Liabilities and
Equity
Accounts payable
$
143,135
$
86,286
$
55,606
Long-term notes payable secured
by
mortgages on plant assets
111,344
117,430
93,098
Common stock, $10 par value
162,500
162,500...
Exercise 14-11 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 On January 1, 2019,...
Exercise 14-11 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 On January 1, 2019, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January 1 2025, Shay retires these bonds by buying them on the open market for $731,500. All interest is accounted for and paid through December 31, 2024, the day before the purchase. The straight-line method is used to amortize any bond discount 1. What is the amount...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable,...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,539 $ 35,423 $ 35,115 86,127 59,584 47.289 106,144 79,53148,856 9,570 9,208 3,941 268, 299 246,150 219,499 $ 498,679 $ 429,896 $ 354,700 $ 125,413 $ 72,652 $ 46,820...
Simon Company's year-end balance sheets follow. 2017 2016 2015 $ At December 31 Assets Cash Accounts...
Simon Company's year-end balance sheets follow. 2017 2016 2015 $ At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Longtern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,5315 33,684 $ 33,705 81,039 57, 196 46, 315 180,851 78,665 50, 317 8,912 8,579 3,745 264,248 238,756 213,318 $ 483,581 $ 416,880 $ 347,400 $ 119,208 $...
On August 1, 2017, Alpha Company' retired a $10,000 bond at 102. On July 31, 2017 Alpha had accrued the interest payment for $250. At the date of retirement, the unamortized discount on the bonds was $400. Use this information to determine the dollar value of Alpha Company's: (Round all dollar values to the nearest whole dollar.) 1. Gain or Loss on Retirement of Bond: enter any loss dollar & amount inside of brackets ) 2. Cash paid to retire...
1. Straight-Line Depreciation Year Expense 2015 $ 2016 2017 2018 2019 2. Double-declining balance (Round answers to the nearest whole number, when appropriate.) Depreciation Year Expense 2015 $ 2016 2017 2018 2019 Depreciation Methods On January 2, 2015, Roth, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. The machine cost $125,000, and its estimated useful life was four years or 1,200,000 cuttings, after which it could be...
Question 5 (6 points) On January 1, 2016, Alpha Company secured a $100,000, 6% annual rate mortgage note. Monthly payments are $1,500, with the first payment being due on January 31 2016, what is the unpaid balance of the note on March 1, 2016? (Round your answer to the nearest whole dollar.) Question 6 (8 points) On August 1, 2017, Alpha Company retired a $10,000 bond at 102. On July 31, 2017 Alpha had accrued the interest payment for $250....
Problem 10-231 [LO 10-S2] Bonds with a stated interest rate of 9% and a face value totaling $250,000 were issued for $262,500 on January 1, 2018, when the market interest rate was 8%. The company uses effective-interest bond amortization. Required: Determine the carrying value of the bonds at December 31, 2019. (Round your answer to nearest whole dollar.) Carrying Value
- viena history are as follows: Dividend paid at Year-End Year 2015 2016 2017 2018 Beginning-of-Year Price $102 105 91 96 2.58 An investor buys three shares of XYZ at the beginning of 2015, buys another one shares at the beginning of 2016, sells one share at the beginning of 2017, and sells all three remaining shares at the beginning of 2018. a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round...
Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31, 396 $ 35,274 $ 36, 744 86,579 61,730 49,982 108,856 83,219 51,639 9,816 9,634 4,248 279,995 255,524 232,287 $ 516,642 $...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
35,286
$
41,246
$
40,887
Accounts receivable, net
101,276
68,676
54,516
Merchandise inventory
124,839
95,381
58,060
Prepaid expenses
11,143
10,407
4,634
Plant assets, net
308,101
284,846
254,903
Total assets
$
580,645
$
500,556
$
413,000
Liabilities and
Equity
Accounts payable
$
143,135
$
86,286
$
55,606
Long-term notes payable secured
by
mortgages on plant assets
111,344
117,430
93,098
Common stock, $10 par value
162,500
162,500...
Exercise 14-11 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 On January 1, 2019, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January 1 2025, Shay retires these bonds by buying them on the open market for $731,500. All interest is accounted for and paid through December 31, 2024, the day before the purchase. The straight-line method is used to amortize any bond discount 1. What is the amount...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,539 $ 35,423 $ 35,115 86,127 59,584 47.289 106,144 79,53148,856 9,570 9,208 3,941 268, 299 246,150 219,499 $ 498,679 $ 429,896 $ 354,700 $ 125,413 $ 72,652 $ 46,820...
Simon Company's year-end balance sheets follow. 2017 2016 2015 $ At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Longtern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,5315 33,684 $ 33,705 81,039 57, 196 46, 315 180,851 78,665 50, 317 8,912 8,579 3,745 264,248 238,756 213,318 $ 483,581 $ 416,880 $ 347,400 $ 119,208 $...
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