After several years of a difficult marriage, Donald and Marla agreed to a divorce. As part of the property settlement, Marla transferred to Donald corporate stock, a commercial building, and a personal residence. Donald transferred other property to Marla, but the fair market value of the property was $600,000 less than the fair market value of the property Marla had transferred to him. To make […]
Billabong International Ltd issued a 5-year bond 1 year ago with a coupon of 8 per cent and a face value of $1000. The bond pays interest semi-annually. If the yield to maturity on this bond is 9 per cent, what is the price of the bond? Exercise : Bond Valuation [On-line Exercise} Question 1 Calculate the price of a 5-year bond that has a […]
There are many forms of organization which may be used by individual taxpayers to operate a business. The forms for a corporation include the regular C corporation and the S corporation.What is the difference between these two forms of organization and what are the basic rules governing their corporate taxation? What tax forms do each use? (one paragraph)You can use the www.irs.gov website There are […]
Companioni Computer Corporation (CCC), a producer of office equipment, currently has assets of $15 million and a beta of 1.4. The risk-free rate is 8 percent, and the market risk premium is 5 percent. CCC would like to expand into the risky home computer market. If the expansion is undertaken, CCC would create a new division with $3.75 million in assets. The new division would […]
help please explain what to put.__________________________________________________________________________________________ S2-7 (similar to)Question HelpKendell Bryant Optical Dispensary completed the following transactions during the latter part of March:Mar. 15Purchased office supplies on account, $4,20028Paid $1,200 on account.Read the requirementsRequirement 1. Journalize the transactions of Kendell Bryant Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits.Select the explanation on the last line of the journal entry […]
Jessica Windmere BusinessBalance sheet30 June 201730 June 2016Cash$6,5003,700Receivables10,1009,800Inventory29,40036,800Prepayments3,41102,000Total current assets49,41052,300Land33,60032,600Plant and equipment21,00028,400Total non-current assets54,60061,000Total assets104,010113,300Bank overdraft9,500Accounts payable13,70015,800Accrued expenses3,9003,300Total current liabilities17,60028,600Loan23,10027,300Total liabilities40,70055,900Net assets$ 63,310$ 57,400Equity$ 63,310$ 57,400In addition, Jessica Windmere tells her accountant that she has made drawings totalling $26,300 during the reporting period.Analysing the information provided, determine the profit or loss for Jessica Windmere for the year ended 30 June 2017. Show more
On June 1, 2009, Bluhm Company and Amanar Company merged to form Davenport Inc. A total of 800,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2011, the company issued an additional 600,000 shares of stock for cash. All 1,400,000 shares were outstanding on December 31, 2011. Davenport Inc. also issued $600,000 of 20-year, 8% […]
“The minutes of the board of directors’ meeting mentions three events that occurred in 2010:the continuing construction of the warehouse, the fire damage, and the declaration of a cash dividend. How would each affect the 2009 financial statements? provide examples of recommended disclosures?Wallace Andrews, the audit manager for the Lakeside engagement, read the minutes of a board of directors’ meeting held on January 17, 2010. […]
P11A-A year ago, an investor bought 500 shares of a mutual fund at $8.65 per share. Over the past year, the fund has paid dividends of $0.85 per share and had a capital gains distribution of $0.73 per share. a. Find the investor’s holding period return, given that this no-load fund now has a net asset value of $9.19 . b. Find the holding period return, assuming […]
P12–14 Unequal lives: ANPV approach Portland Products is considering the purchase of one of three mutually exclusive projects for increasing production efficiency. The firm plans to use a 14% cost of capital to evaluate these equal-risk projects. The initial investment and annual cash inflows over the life of each project are shown in the following table. […]
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