Business, 05.05.2020 03:40 sadieismichaeljackso
Smiley Office Supply company uses the Perpetual Inventory System and had the following transactions during the month of October:
Oct. 6 Purchased $7,600 of Merchandise Inventory with terms, 2/10, n/30
Oct. 8 Returned $500 worth of Merchandise and received full credit
Oct. 15 Paid the amount due on the invoice of Oct 6
Required: Prepare the journal entries for each of these 3 transactions
Answers: 1
Business, 22.06.2019 08:40
The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.
Answers: 1
Business, 22.06.2019 12:10
Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:
Answers: 1
Business, 22.06.2019 19:40
The martinez legal firm (mlf) recently acquired a smaller competitor, miller and associates, which specializes in issues not previously covered by mlf, such as land use and intellectual property cases. given the increase in the firm's size and complexity, it is likely that its internal transaction costs willa. decrease. b. increase. c. become external transaction costs. d. be eliminated.
Answers: 3
Smiley Office Supply company uses the Perpetual Inventory System and had the following transactions...
Mathematics, 05.06.2021 04:30
English, 05.06.2021 04:30
Mathematics, 05.06.2021 04:30
Mathematics, 05.06.2021 04:30
Mathematics, 05.06.2021 04:40
Physics, 05.06.2021 04:40
History, 05.06.2021 04:40
Mathematics, 05.06.2021 04:40
Mathematics, 05.06.2021 04:40
Mathematics, 05.06.2021 04:40
Mathematics, 05.06.2021 04:40
Chemistry, 05.06.2021 04:40
Mathematics, 05.06.2021 04:40