Acc305 Intermediate Accounting: Chapter 7 Cash and Receivables (10 MCQs)

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Acc305 Intermediate Accounting 

Chapter 7 Cash and Receivables

10 MCQ Quiz

1. In exercise 7-1, requirement 1, letter (a) is included in the cash and cash equivalent calculation?        

True        

False

2. In exercise 7-1, requirement 1, letter (b) is included in the cash and cash equivalent calculation?        

True        

False

3. In exercise 7-1, requirement 1, letter (c) is included in the cash and cash equivalent calculation?        

True        

False

4. In exercise 7-1, requirement 1, letter (d) is included in the cash and cash equivalent calculation?        

True        

False

5. In exercise 7-1, requirement 1, letter (e) is included in the cash and cash equivalent calculation?        

True        

False

6. In exercise 7-1, requirement 1, letter (f) for $15,000 is included in the cash and cash equivalent calculation?        

True        

False

7. In exercise 7-7, requirement 2, what is the amount of accounts receivable written off?        

$69,500        

$32,000        

$54,000        

$40,000

8. On exercise 7-24, what is the amount of deposits outstanding that you add to the balance per the bank statement in the reconciliation?        

$1,890        

$1,101        

$2,340        

$0

9. On exercise 7-24, what is the amount of checks outstanding that you deduct from the balance per the bank statement in the reconciliation?        

$2,340        

$1,890        

$0        

$38

10. On exercise 7-24, what is the amount of the corrected cash balance in the reconciliation?        

$23,338        

$23,332        

$23,820        

$23,782

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Acc280 Principles of Accounting: BE4-12 Nathan Company (Reversing Entry)

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Acc280 Principles of Accounting 


BE4-12


     At October 31, Nathan Company made an accrued expense adjusting entry of $1,400 for salaries.  Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry.  

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BUSN460 Week 3 Individual Financial Analysis Project - CanGo

BUSN460 
Week 3
Individual Financial Analysis Project - CanGo


Instructions: 


Go to the CanGo intranet found in the Report Guide tab under Course Home 
Use the financial statements from the most recent year to fill in the table below. 
You may find some formulae calling for an average, e.g., average inventory, average receivables.  Because we only have the  Balance sheet for one year, you can only use the one year number not an average. 
Assume interest expense is $0.00 
Be sure to cite your references.

Tutorial:  BUSN460 Individual Financial Analysis Project - CanGo

BUSN379 Corporate Finance Course Project Part II: AirJet Best Parts, Inc. (100% Original and Correct)

BUSN379 Corporate Finance 

Course Project Part II (with supporting calculations)

Competitor company chosen:  Raytheon (updated as of May 16, 2011)

Introduction

Part II – In Part II, you will provide the company with a recommendation for purchasing a new machine. You will base your recommendation on the Net Present Value (NPV) of the capital investment project using the cost of capital (WACC) as your discount rate.

You will assume that you still work as a financial analyst for AirJet Best Parts, Inc. The company is considering a capital investment in a new machine and you are in charge of making a recommendation on the purchase based on (1) a given rate of return of 15% (Task 4) and (2) the firm’s cost of capital (Task 5). 

Task 4. Capital Budgeting for a New Machine  

Task 5: Cost of Capital 

BUSN379 Course Project Part II:  AirJet Best Parts, Inc.

BUSN379 Corporate Finance Course Project – Part I AirJet Best Parts Inc.

BUSN379 Corporate Finance

Course Project – Part I (with supporting calculations)

Competitor company chosen:  Raytheon
Last update: January 21, 2011

Introduction

The Course Project is an opportunity for you to apply concepts learned to a real-life simulation experience. Throughout the Course Project, you will assume that you work as a financial analyst for AirJet Best Parts, Inc.

Part I – In Part I, you work with AirJet Best Parts, Inc. staff to identify the best loan options, as well as to valuate stocks and bonds.

About AirJet Best Parts, Inc.

AirJet Best Parts, Inc. is a company dedicated to the design and manufacturing of aviation and airplane technologies and parts. The company has commercial and military clients worldwide.  

Task 1:  Assessing loan options for AirJet Best Parts, Inc.

Task 2: Evaluating Competitor’s Stock 

Task 3: Bond Evaluation 

Tutorial:  BUSN379 Course Project – Part I AirJet Best Parts Inc.