378+1024=1024 + ...

You have a very simple business with just four T-accounts. One has a credit balance of $34,888. The other three have debit balances of $23,322, $4,312, and $5,675. Are your accounts in balance? a) Yes b) No

On January 1, 2017, Culver Company issued 10-year, $2,010,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Culver common stock. Culver's net income in 2017 was $322,000, and its tax rate was 40%.

Fooling Company has a callable bond outstanding with a coupon of 12.2 percent, 25 years to maturity, call protection for the next 10 years, and a call premium of $25.

At the beginning of Year 2, a company invested $40,000 in a debt security. At that time the security was appropriately classified as an available-for-sale security. At the end of Year 2, the security had a fair value of $28,500.

Almendarez Corporation is considering the purchase of a machine that would cost $150,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $18,000.

What is mean't by a focus group

Manufacturers follow four steps to implement a manufacturing overhead allocation system. what is the first step?

The budgeted production of Capricorn, Inc. is 13 comma 000 units per month. Each unit requires 40 minutes of direct labor to complete. The direct labor rate is $ 100.00 per hour. Calculate the budgeted cost of direct labor for the month.

If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was about 3 percent. a) true b) false

Journalize the entries to record the following selected transactions: Sold $62,800 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $37,500.