Honesty Company is investing in 182-day treasury bills with a total fair market value of P2,500,000 for a purchase price of P2,475,000. What is the annualized investment rate (round off your answer to two decimal places)
Q: a. Use exhibits 26-3 and 26-4 to help compute the net present value of the proposal to sell the…
A: Net present value It is the difference between the present value of cash inflow and the present…
Q: Date Transaction May 2 The company borrowed $43,750 cash by signing a note payable to USA Bank May 5…
A: The journal entries are prepared to record the transactions of business on regular basis. The…
Q: As a cost accounting manager, how can I ascertain the cost of production of product?
A: 1. Understand the production process: The first step to accurately ascertaining the cost of…
Q: June 6, 2022 Czarina borrowed Php10,000 to Cardo Lending Company that will mature on November 8,…
A: In order to calculate the time period between the maturity of loan the date of loan taken and the…
Q: Use the following information to answer the next 2 question Standard machine hours per unit of…
A: Cost Variance - A cost variance is a difference between the cost that was actually incurred and the…
Q: On December 31, 2024, Sunland Company had 1,360,000 share 2024, stockholders' equity had the amounts…
A: Journal entry represents the initial recording the financial transactions of the company. It…
Q: In 2XX1, Pasta Corporation is suing Pas-Tah Company for trademark infringement for $2 million. Pasta…
A: A contingent asset is a possible asset that is dependent on future uncertain events which are not in…
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: Date Account Dec. 31 Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense…
A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the Process…
Q: Bramble Company manufactures two models of its banjo, the Basic and the Luxury. The Basic model…
A: Activity Based Costing is one of the technique used by the business entities for the purpose of…
Q: Using the same above information, what would it look like to complete the following? Schedule of…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Khemicool Ltd. manufactures a chemical using in the process two components: K1 and component K2. The…
A: Lets understand the basics. Material mix variance is a variance between the standard mix in which…
Q: Prepare the statement of cash flows for Bowers Corporation for the year ended December 31, 20x2.…
A: Particulars Amount $ ('000) A. Cash flows from operating Activities cash received from…
Q: When a defendant debtor in a lawsuit is said to be “judgement proof” it signifies Multiple…
A: Introduction When a court ruling demands debt payback, a person is said to be judgment proof if they…
Q: Jamille has short term debt of Php150,000.00 and going is to be amortized monthly for a year. The…
A: Amortization of loan refers to the payment of total loan amount including principal and interest…
Q: What is the concept called when a decedent has not left a will? Multiple Choice dying testator…
A: Since you have posted multiple questions, we will do the first one for you. To get the other…
Q: Georgia Huckabee has an adjusted gross income of $100,234 and itemized deductions that total $12,055…
A: Taxable income is the amount of income which is chargeable to tax or the amount which is left after…
Q: Required information [The following information applies to the questions displayed below) On October…
A: Warranty is the promise made by the seller to the buyer of the product or repair or replace the…
Q: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory,…
A: Cost of good manufactured = Beginning WIP+Total manufacturing costs incurred - Ending WIP Cost of…
Q: Jay-Zee Company makes an in-car navigation system. Next year, Jay-Zee plans to sell 19,000 units at…
A: Cost volume profit analysis is the technique used by management for decision-making. The methods…
Q: if an auditor's report does not make a statement regarding the adequacy of informative disclosure in…
A: AUDIT PURPOSE The auditor's primary goals while performing a financial statement audit are (A)…
Q: Bryan Company employs a standard cost system in which direct materials inventory is carried at…
A: Direct material price variance = (Standard price - Actual Price) * Actual Quantity, Direct material…
Q: Ben, an avid day trader, buys and sells stock based on hot tips. He recently purchased Game Stop…
A: Adjusted cost basis - Firstly cost basis is the amount paid to acquire an asset. Therefore in the…
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: The goal of operations managers in the services-providing sector is the same as in the…
A: Answer:- Operations management:- Operations management is a branch of management that deals with…
Q: Explain the difference of alimony in an agreement entered into before January 1, 2019. and after…
A: The difference between alimony in an agreement entered into before January 1, 2019, and after…
Q: Jokoy Company completed the following transactions and events involving its delivery trucks.…
A: Depreciation is defined as the reduction of the recorded cost of a fixed asset in a systematic…
Q: Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest…
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: am got a job at the Brick. He plans to save $500 every month for 3 years to buy a car. The savings…
A: In the given question, Sam puts the money of $ 500 in his savings account at the end of each month.…
Q: Apart from the internal audit and whistleblowing functions, what other mechanisms can assist…
A: There are various methods to tackle fraud. Listed below are explained as under- 1. Background…
Q: what are the possible causes of favourable Wage rate variance
A: Labor or wage Rate variance: The labor rate variance measures the difference between the actual and…
Q: Corp. open up a business with an investment of P50,300 on November 1, 2022 from his saving account…
A: The accrual method of accounting is related to recognizing revenues and expenses when these are…
Q: Wisdom Company has monthly fixed costs of $600,000. The variable cost ratio for the firm is 55%, the…
A: BEP (Break-even point) is the formula used by the management in determining desired amount and units…
Q: Cey Company has a defined benefit pension plan. Cey's policy is to fund net periodic pension cost…
A: Introduction:- A liability is a legal obligation to pay other entities as a result of past…
Q: Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The…
A: The question is related to the Capital Budgeting. The Net Present Value is calculated with the help…
Q: Allowance for doubtful accounts has a credit balance of $9000 at the end of the year, before…
A: Net sales = Sales - Sales returns and allowances Bad debts expense = Net sales*2%
Q: Please prepare a Bank Reconciliation for Jo Jo's Circus.
A: A bank reconciliation statement is a document that compares the cash balance on a company’s balance…
Q: On July 20, 2021, the XYZ Corporation received subscription for 5,000 shares of its P10 par value…
A: Share capital means the amount of share that has been issued to shareholder . Share premium means…
Q: 1. How do you determine the cost of goods available for a given period? b. Purchases plus ending…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: P11.2A (LO 2, 3, 4) Remmers Corporation, a publicly traded company, was organized on January 1,…
A: Journal entry is the procedure for initially documenting commercial transactions in the books of…
Q: The liquidation of the partnership of Kiko, Leni and Bong resulted in a deficiency in Kiko's capital…
A: Answer In case of liquidation of partnership if any partner has defficiency In his capital account…
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: Cost Flow Methods The following three identical units of Item LO3V are purchased during April:…
A: FIFO Method :— Under this method, beginning inventory and old purchases is used first for output or…
Q: At the beginning of the year, Lynch and Spectrum Repair purchased equipment at a cost of $50,000.…
A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
Q: Closing Entries The adjusted trial balance prepared as of December 31, 181 pany, Consultant,…
A: Ending balance in Retained Earning=Beginning balance of Retained Earnings+Service Fees Earned-Total…
Q: Question is incomplete.
A: Since you have posted a question with multiple sub-parts we will do the three sub-parts for you. To…
Q: Assume the following: • The variable portion of the predetermined overhead rate is $1.50 per direct…
A: Variable overhead efficiency variance :Variable overhead efficiency variance is the difference…
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: 6. To acquire Gaines Corporation stock, Palmer Co. pays $61,500 in cash. What entry should be made…
A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the…
Q: Recipients of a distributions under IRC Section 302(b)(3) are eligible for capital gain treatment…
A: IRC section 302(b)(3), applied to the corporation for redeeming the value of stock state that the…
Honesty Company is investing in 182-day treasury bills with a total fair market value of P2,500,000 for a purchase price of P2,475,000.
What is the annualized investment rate (round off your answer to two decimal places)
Step by step
Solved in 3 steps
- NewBank decides to invest $45 million in 30-day T-bills. The T-bills are currently trading at $4,986.70 (including commissions) for a $5,000 face value instrument. What does the balance sheet look like?An investor purchases a 90-day bank bill with a face value of $1 million at 4.88%. Calculate the capital gain or loss (in $) from their investment if the bill is sold 10 days later at 4.55%.An investor purchases a 90-day bank bill with a face value of$1million at4.88% . Caliculate the capital gain or loss (in $) from their investment if the bill is sold 10 days later at 4.55% .
- еВook Zane Corporation has an inventory conversion period of 90 days, an average collection period of 34 days, and a payables deferral period of 48 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. days b. If Zane's annual sales are $3,454,540 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places.An investment will pay you $4,611.9 in 3 years if you pay $1,376.68 today. What is the implied rate of return? (Convert to a percent. Round to 2 decimal places.)After a 1 year investment you receive 7.4% interest (nominal) from your bank. However, looking at how prices have changed, you soon realize that the real rate of interest was actually 3.4%. How much was inflation during that year? Enter your answer as a percentage, rounded to 2 decimals, and without the percentage sign ('%'). For example, if your answer is 0.02345, then enter 2.35
- Suppose a company invests in a $50,000 United States Treasury bill at 3.35% interest for 28 days. The bank through which the bill is purchased charges a service fee of $15. What is the cost of the Treasury bill? (whole number)Suppose you invest $1,500 in an account paying 6% interest per year. How much of this balance corresponds to interest on interest earned in the last (7th) period? (Dollar figures should be approximated to the nearest cent of a dollar, while rates should be expressed in percentage terms without using the "%" symbol and approximated to the nearest second decimal place.)Van Buren Resources Inc. is considering borrowing $90,000 for 175 days from its bank. Van Buren will pay $3,000 of interest at maturity, and it will repay the $90,000 of principal at maturity. Assume that there are 365 days per year. Calculate the loan’s annual financing cost. Round your answer to two decimal places. % Calculate the loan’s annual percentage rate. Round your answer to two decimal places. % What is the reason for the difference in your answers to Parts a and b? The does not consider compounding effects.
- Assume that at the beginning of the year, you purchase an investment for $6,500 that pays $95 annual income. Also assume the investment's value has increased to $7,050 by the end of the year. a. What is the rate of return for this investment? Note: Input the amount as a positive value. Enter your answer as a percent rounded to 2 decimal places.What is the annualized investment rate % on a Treasury bill that you purchase for 9310 that will mature in 91 days for 9533?You make an investment into a money market account at time T=0. In year T=5, the value of the money market account will be $5,000. The money market account pays an annual interest of R=6%, and interest is compounded on a quarterly basis. What is the present value of this account?