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ABC Ltd is evaluating to invest in two projects. Project X may yield a return of £1.5m with a probability of 20%, or a return of £5m with a probability of 60%. Project Y, instead, may earn a negative return of £3m with a probability of 70% or a positive return of £7m with a probability of 30%.
1) How much is the expected return for project X and Y?
if one of your family member is working abroad and sending you money in which national income we will count it?
On January 1, 2015, Wilmer Co. began constructing a building on a land that it had previously acquired. The building is to be used by the company as its main office. The building was completed on September 1,2016. The following payments were made to the sub-contractor:
There are 13 dancers attending an event outside of their home state. Two coaches are going with them. Every 13 dancer has a different schedule to perform and length of time to stay. Some will stay 1, 2, 3, or even 4 days. The two coaches stay for 7 days. If the total stay for both coaches for the whole week including food, gas, hotel, and their time attending the practices is $6175 how should this cost be broken down so all 13 dancers pay fairly. How much should a dancer who stays 2 days pay? Thanks.
Standard supper market issued $8,000,000 of 5-year, 8% callable bonds dated July 1, 2013, at an effective rate of 10%. Interest is payable semiannually on December 31 and June 30.
Required:
Calculate the present amount of the bonds.
Prepare a journal entry to record the issuance of bonds.
Determine the total interest expense for the bonds
Prepare an amortization table using the straight-line method.
Problem C Analysis of the transactions of the Moonlight Drive-In Theater for June 2010 disclosed thefollowing:
Ticket revenue USD 180000
Equipment rent expense 50000
Film rent expense 53400
Concession revenue 29600
Advertising expense 18600
Salaries expense 60000
Utilities expense 14100
Cash dividends declared and paid 12000
Balance sheet amounts at June 30 include the following:
Cash USD 140,000
Land 148000
Accounts payable 87600
Capital stock 114000
Retained earnings as of 2010 June 1 84900
a. Prepare an income statement for June 2010.
b. Prepare a statement of retained earnings for June 2010.
c. Prepare a balance sheet as of 2010 June 30.
d. How solvent does this company appear to be?
Lakewood Personal Finance Company,
May 1Received USD 300,000 cash for shares of capital stock issued when company was organized.
1. Accounting and its use in business decisions
2 The company borrowed USD 40,000 from the bank on a note.
7 The company bought USD 182,400 of computer equipment for cash.
11 Cash received for services performed to date was USD 15,200.
14 Services performed for a customer who agreed to pay within a month were USD 10,000.
15 Employee wages were paid, USD 13,200.
19 The company paid USD 14,000 on the note to the bank.
31 Interest paid to the bank for May was USD 140. (Interest is an expense, which reduces retained earnings.)
31 The customer of May 14 paid USD 3,200 of the amount owed to the company.
31 An order was received from a customer for services to be rendered next week, which will be billed at USD
12,000.
. Determine balances after each transaction to show that the accounting equation balances.
Reliable Lawn Care Service, Inc
Apr.1 The company was organized and received USD 400,000 cash from the owners in exchange for capital
stock issued.
4 The company bought equipment for cash, USD 101,760.
9 The company bought additional mowing equipment that cost USD 9,120 and agreed to pay for it in 30 days.
15 Cash received for services performed to date was USD 3,840.
16 Amount due from a customer for services performed totaled USD 5,280.
30 Of the receivable (see April 16), USD 3,072 was collected in cash.
30 Miscellaneous operating expenses of USD 6,240 were paid during the month.
30 An order was placed for miscellaneous equipment costing USD 28,800.
a. Prepare a summary of transactions Determine balances after each
transaction to show that the basic accounting equation balances.
b. Prepare a balance sheet as of April 30.
Merck & Co., Inc. is a world leader in the discovery, development, manufacture and marketing of a
broad range of human and animal health products. The company, which has 70,000 employees, spends over USD 2
billion every year on the research and development of new drugs. As of the end of 2, its 2.2 billion shares are valued
in the stock market for a total of USD 132 billion. Given the following data for Merck, calculate the equity ratios for
2003 and 2002. Then comment on the results.
2003 2002
Stockholders' equity USD 14,832,400,000 USD 13,241,600,000
Total equities USD 39,910,400,000
Given the following facts, prepare a statement of retained earnings for Brindle Company, a tanning
salon, for August 2010:
Balance in retained earnings at end of July, USD 188,000.
Dividends paid in August, USD 63,600.
Net income for August, USD 72,000.
The column totals of a summary of transactions for Speedy Printer Repair, Inc., as of 2010 December 31, were as
follows:
Accounts payable $60,000
Accounts receivable 90,000
Capital stock 100,000
Cash 40,000
Land 80,000
Building 50,000
Equipment 30,000
Notes payable 20,000
Retained earnings ?
Prepare a balance sheet. We have purposely listed the accounts out of order.
