After the third year of operations, a firm has an annual NOI of $575,000 with outstanding debt of: 6.6%, 10-year loan of $3,000,000 paid quarterly 5.0%, 15-year loan of $2,500,000 paid monthly. What is this year debt coverage ratio?
Q: What is the difference between experience versus assets with an example?
A: Experience and assets are both important components of an individual or organization, but they have…
Q: Juliana purchased land three years ago for $106,300. She made a gift of the land to Tom, her…
A: In the case of capital gain or loss arising from gifted property or inheritance, the cost of the…
Q: Hi! Can you please do the 2nd one?
A: The worksheet records the unadjusted trial balance, adjustments, adjusted trial balance, Income…
Q: A business operated at 100% of capacity during its first month and incurred the following costs:…
A: Absorption Costing Method :— Under this method, total manufacturing cost or production cost is the…
Q: Del Pilar wants to know the effective interest rate of his 310,000 bank loan with interest of 11%…
A: Interest Calculation are the basic calculation which are performed in every in accounting work for…
Q: Sheffield Company is preparing its direct labor budget for 2022 from the following production budget…
A: The direct labor budget is prepared to record the direct labor cost to be incurred during the…
Q: Ann Reynolds has recently been hired as practice manager for Dr. LaRue. In reviewing the financial…
A: 1. A payment plan must be established prior to the start of any medical services. 2. Payment is…
Q: During the current year, merchandise is sold for $48000 cash and for $336000 on account. The cost of…
A: Gross profit is the amount of profit earned by the entity after deducting the cost of goods sold…
Q: During 2022, Ebenezer (single) decided to sell his long-time personal residence. He purchased the…
A: The question has asked to compute the recognized gain. Recognized gain: Recognized gain indicates…
Q: King Company estimated that it would operate its manufacturing facilities at 800,000 direct labour…
A: Variable overhead spending variance states that in total variable overhead variance, the amount of…
Q: Compute the modified duration of a 9% coupon, 3-year corporate bond with a yield to maturity of 12%.
A: Given data: Coupon rate = 9%Tenure of bond = 3 yearsYield to maturity = 12%
Q: Rodgers Company gathered the following reconciling information in preparing its May bank…
A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…
Q: A company has a process that results in 21000 pounds of Product A that can be sold for $11 per…
A: In order to take decisions regarding for the investment it is important of consider that they should…
Q: USE THE FOLLOWING INFORMATION FOR QUESTIONS 26 & 27 The Soccer Investment Center of Nike…
A: CALCULATION OF MINIMUM TRANSFER PRICE TO BE CHARGED FROM SOCCER BALLS PROFIT CENTRE IF THE SOCCER…
Q: Define the role of a finance manager and how does it differ from accountant
A: A finance manager is responsible for managing the financial activities of an organization, such as…
Q: moose inc acquired 100 900 par value 6% year bonds on their date of moose purchas them at a 101%…
A: Bond is that debt instrument which is used by the organization to finance its long term fund needs,…
Q: businesses along the coast of Florida. The company's management has identified business interruption…
A: The decision regarding the companies better performance and any changes in the decisions will only…
Q: Give 2 Components of an entity to be classified as discontinued operation: Give the three…
A: Components of an entity to be classified as discontinued operation Represents a distinct main…
Q: Exercise 11-21A (Static) Interpreting the effects of business liquidation on creditors and owners Lo…
A: Creditors are the current liability for the company. Creditors are the person to whom the company…
Q: Vanessa, a single mother, has three children, Mariah (7), Alejandro (12), and Brianna (18). Brianna…
A: Correct option is = A = $5757
Q: You are assigned to audit Ignation Inc. for the year ended June 30, 2022. Prior to any adjustments,…
A: Aging of accounts receivable: The aging of accounts receivable is the balance sheet method of…
Q: During fiscal year 2019, a municipality issued the following debt instruments: Tax anticipation…
A: All the 3 items would be shown in the Fund Financial Statement as Debt since all of them relate to…
Q: At the beginning of the year, Fairbridge, Inc. purchased an investment in Miller Milling Mills for…
A: The management and evaluation of accounts that are actively involved in investments is known as…
Q: Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June…
A: The indirect cash flow method calculates cash flow by adjusting net income with differences from…
Q: What is the total dollar amount for each of the four cash dividends?
A: Dividend is the amount of income which is distributed to the stockholder's for investing their money…
Q: 28. On January 1, 2027, a contractor started a construction project for $1,350,000; estimated…
A: Construction costing is the process of accounting followed by businesses engaged in construction. It…
Q: At the beginning of the year, Wei Company had the following standard cost for one of its products:…
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: The maturity value of a $802,000, 88 day, 10% note receivable is (two decimals):
A: Note receivable is the note which shows that a particular amount along with interest is due from a…
Q: Payments to physicians and dentists $2,290 Payment for hospital emergency room visit $3,520 $750…
A: Solution:- Calculation of medical expenses deduction if Olivas is $43,150 as follows under:-
Q: Problem 2-22 (IFRS) (20) Iskor Jamaica Company, a retailer of electrical goods, participates in a…
A: Revenue should be allocated to sale of goods & sale of points based on stand-alone price, Given,…
Q: Jerico Corporation was organized on January 1, 2021 with authorized capital of P2,000,000 consisting…
A: Subscribed stocks seem to be stocks that buyers or investors have agreed to acquire. These stocks…
Q: [The following information applies to the questions displayed below.] BMX Company has one employee.…
A: Payroll expenses refer to the amount that an employer pays to their employees in exchange for…
Q: The standard costs and actual costs for direct materials for the manufacture of 3,000 actual units…
A: The variance is the difference between the actual data and standard output of the production. The…
Q: 1. Record, in journal entry form, the following transactions, assuming the company plans on holding…
A: Investment in trading securities carries a debit balance, so debiting it further increases the…
Q: Not AMAZON.COM, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Maturities (1) 2022 2024-2044…
A: Bond issuance is an act in which bond securities are provided by the company in return for cash or…
Q: Montrose Instrumentation produces measurement equipment. One component, used in a variety of the…
A: The purchase budget is prepared to estimate the number of units to be purchased during the period.…
Q: interest for a loan of P5,000. The liability of D is increased by a. P5,000 b. P4,800 c. P5,200 d.…
A: loan is said to be the liability for the company that issue and when and investor invest in the long…
Q: Income tax expense was $326,992 for the year. Income taxes payable was $32,742 and $46,193 at the…
A: Cash payment for income tax means the amount of income tax paid by the entity during a period. It is…
Q: During 2021, Barry (who is single and has no children) earned a salary of $13,100. He is age 30. His…
A: Introduction:- Earned income includes all the taxable income and wages you get from working for…
Q: Keith bought a lakeside cottage for 30% down and monthly mortgage payments of $1224.51 at the…
A: Time value of money :— According to this concept, value of money in present day is greater than the…
Q: A comparative balance sheet for Rocker Company appears below: Assets Cash ROCKER COMPANY Comparative…
A: Cash flow statement provided information about the cash inflows and cash outflows of the company.…
Q: efined contribution plan? I. An entity shall not disclose the amount recognized as expense for a…
A: Under the define contribution plan the primary funded by the employee as the participant differs a…
Q: 57 units are in the ending inventory from the units that were purchased first. Beginning inventory:…
A: The question has asked to compute the value of ending inventory under the LIFO method. LIFO method:…
Q: The total liability of A is P150,000 of which P80,000 was paid in cash and P10,000 was issued with…
A: The liabilities are the amount to be paid to its creditors. The liabilities are classified as…
Q: The K. Wilson, Capital account balance was $179,000 at December 31 of the prior year, and there were…
A: INCOME STATEMENT Income Statement is one of the Important Financial Statement of the Company. Income…
Q: Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed…
A: Operating cash flow= Operating income+ Depreciation -Taxes+Change in working capital
Q: Selected information about income statement accounts for the Reed Company is presented below (the…
A: Comparative Income Statement: Multiple accounting periods results are shown separately in columns on…
Q: Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell…
A: ANSWER Variable product cost per unit=Direct material cost per unit+ Direct labor cost per unit+…
Q: Sales budget: Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The…
A: The selling and administrative expenses Budget is prepared to estimate the selling expenses for the…
Q: aher are living in Kabul as the humanitarian crisis looming in the country and the situation seems…
A: Journal - Journal entries are written down in a journal or book of original entry before being…
13
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?Firm B has accounts receivable of $5,000,000 and annual sales of $9,000,000. What is the firm's days sales outstanding (DSO)? Assume a 365-day year.The lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a current ratio of 1.5. current liabilities are 900, sales are 6230 , profit margin is 8.1 percent what is the amount of the firms net fixt assets ?
- Note: The rate of interest on Epona's overdraft is 10 per cent per annum. Required: a. Calculate four ratios for each company showing profitability and five showing liquidity. (Use 365 days a year. Round your trade receivable days and credit period ratio answers to 1 decimal place, and all other answers to 2 decimal places.) find profit before interest and tax, return on capital employed (before interest and tax), capital turnover and credit period ratio.ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with seven years to maturity that is quoted at 114 percent of face value. The issue makes semiannual payments and has an embedded cost of 9.8 percent annually.Landvision Inc. had net income in 2020 for $120,000. Here are some of the extra financial ratios from the annual report Profit margin 20%, Return on Assets 35%, Debt to Asset Ratio30% Please calculate the ROE ratio O A. 70% B. 60% O C. 50% O D. 25%
- A company has EBITDA of $600 million, interest payments of$60 million, lease payments of $40 million, and required principalpayments (due this year) of $30 million. What is its EBITDAcoverage ratio? (4.9)Over the last 2 years a corporations debt grew by 1615524. Calculate the average rate at which the companys debt was growing in cents per minute. Round answer to nearest hundredth.For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income % b. Return on equity %
- For the next fiscal year, you forecast net income of $49,600 and ending assets of $505,800. Your firm's payout ratio is 10.2%. Your beginning stockholders' equity is $297,500, and your beginning total liabilities are $126,800. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,200. Assume your beginning debt is $106,800. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant? The amount of debt to issue will be $ The amount of equity to issue will be $ CO (Round to the nearest dollar.) (Round to the nearest dollar.)For the next fiscal year, you forecast net income of $49,400 and ending assets of 506,900. Your firm's payout ratio is 10.6 %. Your beginning stockholders' equity is $299,600, and your beginning total liabilities are $128,200. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,500. Assume your beginning debt is $108,200. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant?Subject : Accounting On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Borrowed $117,200 for nine years. Will pay $7,100 interest at the end of each year and repay the $117,200 at the end of the 9th year. Established a plant remodeling fund of $491,650 to be available at the end of Year 10. A single sum that will grow to $491,650 will be deposited on January 1 of this year. Agreed to pay a severance package to a discharged employee. The company will pay $76,100 at the end of the first year, $113,600 at the end of the second year, and $151,100 at the end of the third year. Purchased a $175,500 machine on January 1 of this year for $35,100 cash. A five-year note is signed for the balance. The note will be paid in five equal year-end payments starting on December 31 of this year. Required: 1. In transaction (a),…