E6-5 (Computation of Present Value) Using the appropriate interest table‚ compute the present values of the periodic amounts‚ shown on page 344‚ due at the end of the designated periods. (a) $50‚000 receivable at the end of each period for 8 periods compounded at 12%. 50‚000* 4.9676= $248‚380 (b) $50‚000 payments to be made at the end of each period for 16 periods at 9%. 50‚000* 8.3126= $415‚630 (c) $50‚000 payable at the end of the seventh‚ eighth‚ ninth‚ and tenth periods at 12%. 50‚000*
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UNIVERSITY OF SOUTH AUSTRALIA UNISA BUSINESS SCHOOL SCHOOL OF COMMERCE at er ia ls fo rU N IS A ACCT 2005 (Study Period 2‚ 2014) Study guide FA 2 20 14 M FINANCIAL ACCOUNTING 2 Course coordinator Sue McGowan A IS N rU fo at er ia ls M 14 20 2 FA © University of South Australia 2014 IS A CONTENTS N HOW TO USE THIS STUDY GUIDE rU INTRODUCTION INTRODUCTION AND OVERVIEW OF REPORTING ENVIRONMENT TOPIC 2:
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Melissa Bedwell D01608625 Final Course Project Disclaimer: The following notes are based on a fictitious company and the numbers have no bearing on any real data. Note 1: Significant Accounting Polices The financial statements of ABC Company have been prepared in agreement with current accounting rules and regulations‚ and are compliant under GAAP. ABC Company is a parent company‚ and all reporting rules and regulations have been adhered to in the reporting of ABC Company’s subsidiaries. ABC
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You Decide: ACCT553 Federal Taxes & Management Decisions MEMORANDUM TO: Mr. John Smith & Mrs. Jane Smith FROM: Allan Steynor DATE: February 3rd‚ 2013 RE: Tax Advice for 2013 Dear Mr & Mrs Smith‚ I want to take the opportunity for choosing my CPA office to help with your annual tax needs. We hope that we can provide you with a high quality and professional service and that you are happy with the advice you receive. I have written a brief memo on the initial discussion
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During the course you will be required to develop a Course Project having to do with writing notes for a fictitious annual report. You will hand in the project at the end of Week 8.In order to assist you in writing the notes‚ you may use the notes for Proctor & Gamble‚ as shown on pages 246–277‚ or you may use those shown as examples in Chapter 24. Although you may use these as an example‚ you are not to use their actual notes‚ or the notes from any other company‚ because this would be considered
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ACCT505 Part B Capital Budgeting problem Data: Cost of new equipment Expected life of equipment in years Disposal value in 5 years Life production - number of cans Annual production or purchase needs Initial training costs Number of workers needed Annual hours to be worked per employee Earnings per hour for employees Annual health benefits per employee Other annual benefits per employee-% of wages Cost of raw materials per can Other variable production costs per can Costs to purchase cans - per can
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Intermediate Accounting 1 Exam 1 Spring 2010 1. What are the statements of financial accounting concepts (sfac) intended to establish? a. Generally accepted accounting principles in financial reporting by businesses. b. Generally accepted accounting principles for businesses‚ not for profit c. The objectives and concepts for use in developing standards of financial accounting and reporting. d. The hierarchy of sources of generally accepted accounting principles. 2. During
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2010 2009 Current Assets: Cash $ 9‚000 $ ? Accounts Receivable 14‚000 18‚000 Inventory 23‚000 20‚000 Total Current Assets 46‚000 45‚000 Fixed Assets 73‚000 66‚000 Less: Accum. Depreciation (28‚000) (26‚000) TOTAL ASSETS $ 91‚000 $ 85‚000 Current Liabilities: Accounts Payable $ 11‚000 $ 6‚000 Wages Payable 3‚000 4‚000 Income Tax Payable 5‚000 4‚500 Total Current Liabilities 19‚000 14‚500 Long Term Bonds Payable 20‚000 23‚000 TOTAL
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CH 1 | 1 CORRECT | | Managerial accounting is concerned with: | | | A) | reporting financial information to stockholders. | | | B) | reporting financial information to regulators. | | | C) | providing information for use within the organization. | | | D) | the financial consequences of past activities. | | | | | | Feedback:The correct answer is C: Managerial accounting is concerned with providing information to managers for use within the organization. | | 2
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(1) Which of the following statement (s) is/are true? [pic]A)[pic]A manufacturer of paper would ordinarily use process costing rather than job-order costing. [pic]B)[pic]If a company uses a process costing system it accumulates costs by processing department rather than by job. [pic]C)[pic]The output of a processing department must be homogeneous in order to use process costing. [pic]D)[pic]All of the above are true statements. Feedback: The correct answer is D (Learning Objective 1):
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