Question 1 0 out of 10 points On 1 July 2009‚ Canine Company signed a two-year $50 000 note payable with 8 percent interest. At due date‚ 1 July 2011‚ the principal and interest will be paid in full. Interest expense should be reported on the income statement for the year ended 31 December 2009‚ in the amount of: Answer Correct Answer: $ 2 000. Question 2 10 out of 10 points Which of the following statements is false about earnings per share? Answer
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91‚394.4 100‚493.4 Selling General & Admin Expenses‚ Total 11‚874.5 12‚186.6 12‚967.5 14‚031.7 Depreciation & Amortization‚ Total 375.0 319.3 -- -- Other Operating Expenses 526.8 527.7 911.7 1‚263.9 OTHER OPERATING EXPENSES‚ TOTAL 12‚776.3 13‚033.6 13‚879.2 15‚295.6 OPERATING INCOME 56‚729.9 74‚406.5 77‚515.2 85‚197.8 Interest Expense -- -9.1 -14.3 -9.4 Interest and Investment Income 3‚821.6 2‚752.9 1‚945.9 1‚712.8 NET INTEREST EXPENSE 3‚821.6 2‚743.8 1‚931.5 1‚703.4 Income (Loss)
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TAX FORM/RETURN PREPARATION PROBLEM C9-57 The Dapper-Dons Partnership (employer identification no. 89-3456798) was formed ten years ago as a general partnership to custom tailor men’s clothing. Dapper-Dons is located at 123 Flamingo Drive in Miami‚ Florida 33131. Bob Dapper (Social Security No. 654-32-1098) manages the business and has a 40% capital and profits interest. His address is 709 Brumby Way‚ Miami‚ Florida 33131. Jeremy Dons (Social Security No. 354-12-6531) owns the remaining 60%
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in the ------------------------------------------------- INTRODUCTION Accounting is a useful means of assessing the operations of different organizations and entities. Careers in the accounting profession are wide ranging‚ from public practice‚ to commerce and industry‚ education‚ and government. These fields require competence of an accountant. Education‚ as part of competence‚ requires acquisition of new knowledge and continuous improvement‚ to be able to cope with the growing demand for accurate
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Task 1. What is the weekly pay‚ before deductions or expenses‚ at job 1? At Job2? JOB 1 – $50310/52 = $967.50 JOB 2 – 20.50 x 30 = $615 Task 2. How much are weekly payroll deductions at job1? At job2? JOB 1 – $967.50 – 12% = 851.40 967.50 – 851.40 = $116.10 JOB 2 – $615 – 12% = 541.20 615 – 541.20 = $73.80 Task 3. What are the weekly job-related expenses at Job1? At Job2? JOB 1 – $.35 x 45miles x 5 days = 78.75 78.75 + 50 = $128.75 + 116.10 = $244
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second half of 2012? We expect the asset sales and subsidiary sales to continue and increase over the second half of 2012. We expect capital expenditures to decrease in accordance with the terms of the proposed shot-term credit agreement. Interest expense will increase as more long-term debt reaches maturity and due to the addition of this proposed short-term credit financing. What is the problem that Williams is facing? Williams is running into trouble because its subsidiaries are failing. Because
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BUSINESS PLAN For I-MAX MULTIPLEX (Cinema Complex) Submitted To: Submitted By: Mr. Shree Ranjan Wasti Prakriti Shrestha Professor Smriti Pradhan Entrepreneurship & New Business Formation BBIS (2002-2006) Kathmandu College of Management ACKNOWLEDGEMENT We would like to thank our instructor‚ Mr. Shree Ranjan Wasti‚ for his guidance in preparing this business plan. Not to forget‚ we are also grateful to our librarian for providing us with the resources needed in
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not own most of its operating assets‚ instead it pays a fixed price per unit of produce for a specified volume. However‚ it assumes full responsibility for upkeep and maintenance of these facilities Expenditures‚ repairs and renewals are charged to expense‚ while major improvements are capitalized. All equipment and lease hold are recorded at cost. This is in line with economic reality as Boston Beer bears all the risks and benefits of these assets as if it owned them‚ though it holds no title. Thus
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retailer must account for the costs associated with the products. Two key elements in factoring product cost is the cost of goods and the amount of operating expenses. What sets Trends Fashion apart from other retail locations is its unique consignor/consignee retail strategy‚ which allows them to cover the cost of obtaining the goods plus the expenses related to operating the business. The wide range of products offered by Trend requires an efficient pricing strategy in terms of pricing lines and pricing
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Subject: Recommendation of financing for Crystal Clear Window Company Recommendation We recommend that the bank extend the line of credit loan of $75‚000 at 8.5% to CCWC and institute the other aspects of Mr. Robb’s suggestions. A mandatory guarantee by the principals‚ annual account cleanup and using CCWC’s account receivable as collateral would all reduce the risk to the bank. Even if CCWC goes bankrupt‚ it does not have any other loans on its books and a current ratio at about
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