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Assume that on September 30, 2014, Rentex, Inc., paid 96 for 7% bonds of Oleander Corporation as a long-term held-to-maturity investment.
Itaska Corp. purchased 20 $1,000 4% bonds of Citigroup when the market rate of interest was 3%.
During fiscal year 2014, Creative Cupcakes reported a net income of $112.4 million. Creative Cupcakes received $1.9 million from the sale of other businesses.
Housemann Insurance Corp. purchased $2,600,000 of 10.0% bonds of Sardoan, Inc., for 114 on January 1, 2014.
In 2014, FPT, Inc., reported $200 million in sales, $15 million in net income, and average total assets of $83 million.
Show what Richardson would report for cash flows from investing activities on its statement of cash flows for 2014.
Early Risers Cafe is depreciating the building over 25 years by the straight-line method, with estimated residual value of $50,000.
Purchased store fixtures for $73,000. The fixtures are expected to remain in service for 10 years and then be sold for $14,000.
Compute Pepper's gross profit percentage and rate of inventory turnover for 2014.
Prepare Carron Communications' cash budget for 2015. Will the budgeted level of cash receipts leave Carron with the desired ending cash balance of $65 million.
Purchased equipment for $4.9 million, paying cash of $2.0 million and signing a longterm note payable for $2.9 million.
Compute Baltimore's net working capital and current ratio at December 31, 2014, and again at January 31, 2015.
To meet daily cash needs next year, FM must maintain a cash balance of at least $11 million. Prepare the organization's cash budget for 2015.
Will the budgeted level of cash receipts leave Dexter with the desired ending cash balance of $70 million, or will the company need additional financing?
Compare the journal entries for the cash purchase of a $10,000 computer by the nonprofit, to how the journal entry would look for this for-profit.
Evaluate whether or not P/E is an effective indicator of a growth stock. Suggest an alternative.
Determine whether each transaction improved or hurt Hermann's current ratio and debt ratio.
At what discount rate is the NPV just equal to zero? Sketch the NPV profile for this investment based on these three points.
How many units must be sold next year to double the company's profits?
What amounts of cash dividends per share were declared by Coca-Cola and PepsiCo in 2014?
Distinguish between material participation and active participation in rental activities. Explain the significance of this difference.
What amount of income must Dan recognize as a result of these stock acquisitions?
What is Patrick's basis in each of the 108 shares he now owns?
On March 1, 2014, Casey enters into a 36-month lease for a car valued at $36,400. Her monthly lease payment is $470, and she uses the car 75% for business.
What depreciation method and useful life are used to depreciate a home office placed in service in 2014? Explain.