2024 Financial Accounting Module 09 Quiz Assignment Help

1 The ability of one partner to enter into a contract binding all other partners is termed 2023

1. The ability of one partner to enter into a contract binding all other partners is termed: 2. As a part of the initial investment, a partner contributes office equipment that had a cost of $20,000 and accumulated depreciation of $12,500. If the partners agree on a valuation of $9,000 for the equipment, what amount should be debited to the office equipment account? 3. Lee and Stills are partners who share income in the ratio of 2:1 and who have capital balances of $65,000 and $35,000 respectively. If Mor, with the consent of Stills, acquired ½ of Lee’s interest for $40,000 for what amount would Mor’s capital account be credited? 4. Chip and Dale agree to form a partnership. Chip is to contribute $50,000 in assets and to devote ½ time to the partnership. Dale is to contribute $20,000 and to devote full time to the partnership. How will Chip and Dale split the net income/loss? 5. Henry and Thomas share gains and losses in the ratio of 2:1. After selling all assets for cash and paying all liabilities, the cash account has $12,000 in it. The capital accounts were as follows: Henry $10,000; Thomas $2,000. How much of the $12,000 cash would Henry receive? 6. Which of the following is not true about a partnership? 7. On which financial statement is each partner’s capital account? 8. The partner’s Capital account is what type of account and what is the Capital account’s normal balance? 9. Which of the following is not true for a corporation? 10. In a sole proprietorship the Drawing account is similar to what account in a corporation?

2024 3 Assignment Help

Cost Volume Profit Analysis can plan many different roles in the overall management decision making process Consider the following problems 2023

Cost Volume Profit Analysis can plan many different roles in the overall management decision making process. Consider the following problems related to cost accounting and in a Word document, provide at least a 2-paragraph response to each one. Be sure to proofread your work prior to submitting to the drop box. Describe cost volume profit analysis and how management can use it in more than just financial analysis. Explain the main differences between operating income and net income overall for a business. Explain and provide the calculation for how to derive the following: contribution margin, contribution margin per unit, and contribution margin percentage. Describe what sensitivity analysis is and how it could be used by management to determine the proper course to take for decisions that need to be made for the firm. How might a company with multiple products derive its breakeven point? What are some of the challenges in determining this?

2024 The Pros and Cons of Investing in a Convertible Bond Assignment Help

1 If the bonds were not convertible what would they be worth 2 Since the 2023

1. If the bonds were not convertible, what would they be worth? 2. Since the bonds are convertible, what is their stock value? 3. If the value of the stock rose to $15, what would happen to the value of the bonds? 4. If the price of the stock declined to $5, what would happen to the value of the bonds? 5. If the money were invested in the nonconvertible bonds and the price of the stock changed, what would happen to the value of the bonds? 6. If the price of the stock rose, would the Roussels have to exchange the bonds for the stock? 7. If Mrs. Roussel changed her mind, could she get the principal back? 8. If the company were to fail, what would happen to the bonds? 9. Would buying the bonds be preferable to putting the money in the firm’s stock? 10. Would buying the bonds be preferable to putting the money in a certificate of deposit in a federally insured commercial bank? 11. What are the federal income tax implications of owning convertible bonds? Would putting the bonds in the children’s names result in any tax savings? Given the nature of Mrs. Roussel’s questions, do you believe that the money should be invested in convertible bonds? MINI CASE Many of your clients own small to medium-sized private businesses. One of your clients, Maurice Roussel, is planning to finance the education of his two children, ages 10 and 12. Currently, neither child has any assets, so Roussel is considering investing a modest amount in convertible bonds in their names with his wife, Lili, as custodian. Lili Roussel has doubts because she does not believe that it is wise to risk their hard-earned money on risky investments. Mr. Roussel believes that the money to be transferred is small enough to risk. Besides, he is fascinated with the convertible bonds issued by UT&T, a large company with a good, if not superior, credit rating.

2024 Need a good grade on assignment Assignment Help

Instructional Objectives for this activity Distinguish between computer classifications software types and generations 2023

Instructional Objectives for this activity: Distinguish between computer classifications, software types, and generations of computer languages You conclude this week’s work by considering the different classifications of computers and software types, as well as the versions, or generations, of computer languages that have directed these types. Conduct thorough research on each computer classification discussed in this chapter in order to write your paper. In addition, address the following points: Explain the computer classification of each operating system (OS). Describe the software types. Identify the generations of computer languages used. Reflect on how the software types and computer languages have evolved over time, and what this has meant for the use of these operating systems. Include a table in your paper that compares the programming languages according to criteria of your choice, as evaluated in your paper. Use this table to support the assertions in your paper. Assignment should be three to four pages in length. For citation guidelines, please refer to the table in the APA Style section of the syllabus. Save your document with a file name that includes your name, course code, section number, and title. (For example: JaneSmith ISM5026-12 Week 2.docx) If you are not using Microsoft Word, save your document with the .rtf file extension (Rich Text Format). Submit this document to the Week 2: Individual Work basket in the Dropbox.

2024 During 2017, Its First Year Of Operations As A Delivery Service, Flounder Corp. Entered Into The Following Transactions. Assignment Help

Exercise 3 3 During 2017 its first year of operations as a delivery service Flounder Corp entered into the following transactions 2023

Exercise 3-3 During 2017, its first year of operations as a delivery service, Flounder Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $137,000 in cash. 2. Borrowed $55,000 by issuing bonds. 3. Purchased delivery trucks for $63,000 cash. 4. Received $18,000 from customers for services performed. 5. Purchased supplies for $6,600 on account. 6. Paid rent of $5,900. 7. Performed services on account for $10,700. 8. Paid salaries of $26,700. 9. Paid a dividend of $11,500 to shareholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders’ Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders’ Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced, see Illustration 3-3 for example.) Assets = Liabilities + Stockholders’ Equity Cash + Accounts Receivable + Supplies + Equipment = Accounts Payable + Bonds Payable + Common Stock + Retained Earnings Revenues – Expenses – Dividends (1) $ $ $ $ $ $ $ $ $ $ (2) (3) (4) (5) (6) (7) (8) (9) $ $ $ $ = $ $ $ $ $ $