Uncategorized

Accounting for a troubled debt settlement. Elton, Inc., which owes Boston Co. $900,000 in notes payable, is in financial difficulty. To eliminate the debt, Boston agrees to accept from Elton land having a fair market value of $680,000 and a recorded cost of $510,000.   Instructions (a)  Compute the amount of gain or loss to […]

1) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense?    2) Using the percentage of […]

1.  Suppose that you hold a piece of land in the City of London that you may want to sell in one year. As a U.S. resident, we are concerned with the dollar value of the land. Assume that, if the British economy booms in the future, the land will be worth £2,000 and one […]

When a constraint line bounding a feasible region has the same slope as an isoprofit line: (Points : 5) there may be more than one optimum solution. the problem involves redundancy. an error has been made in the problem formulation. a condition of infeasibility exists. none of the above. 2. Assume that we are using […]

  3. In the October 31 sheet, format cells A1:A4 with bold, italic, with font size of 14, and merge and center to column H. 4. Any student worker who works 20 hours or less will have the pay applied to his or her tuition. If a student works more than 20 hours (referenced in […]

The Willow Run Outlet Mall has two Haggar Outlet Stores, one located on Peach Street and the other on Plum Street. The two stores are laid out differently, but both store managers claim their layout maximizes the amounts customers will purchase on impulse. A sample of 10 customers at the Peach Street store revealed they […]

Jan. 1 the total market value of the Tysseland Co. was $60 million. During the first year the company plans to raise & invest $30 million in new projects. The firms present market value structure is considered to be optimal. Assume that there is no short-term debt: Debt $30 million + common equity $30 million […]

500.xlsx Problem The Savings and Loan (S&L) industry case (excel solution)   The Savings and Loan (S&L) industry had an extremely difficult time during the 1980s, as interest rate levels reached new highs.    The following problem illustrates the nature of these difficulties.          Assume an S&L’s balance sheet is as follows. While this balance […]

      A  software producer has fixed costs of $20,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below:     Q                        TVC                           […]

Buoyancy Lab  By Saturday, August 31, please complete this lab by performing the described buoyancy experiment and completing the lab report. Please see the attached Lab_Report-1 template to help you create the lab report.  You should be submitting your data table, analysis, and answers to the concluding questions.   In this experiment, you will measure […]