Monthly Archives: October 2013

Listed here are product costs for the production of soccer balls A+

Listed here are product costs for the production of soccer balls. 1. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdown. (a) Fixed or Variable Product Cost 1. … Continue reading

Posted in Homework Help | Comments Off

2. Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page A+

Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. The company did not issue any new common or preferred stock during the year. A total of 600 thousand shares of … Continue reading

Posted in Homework Help | Comments Off

Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page A+

Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. The company did not issue any new common or preferred stock during the year. A total of 600 thousand shares of … Continue reading

Posted in Homework Help | Comments Off

You have just been hired as a loan officer at Fairfield State Bank A+

You have just been hired as a loan officer at Fairfield State Bank. Your supervisor has given you a file containing a request from Hedrick Company, a manufacturer of auto components, for a $1,000,000 five-year loan. Financial statement data on … Continue reading

Posted in Homework Help | Comments Off

Mountain Aerosport was founded by Jurgen Prinz to produce a ski he had designed for doing aerial tricks A+

Mountain Aerosport was founded by Jurgen Prinz to produce a ski he had designed for doing aerial tricks. Up to this point, Jurgen has financed the company with his own savings and with cash generated by his business. However, Jurgen … Continue reading

Posted in Homework Help | Comments Off

Presented below are the captions of Faulk Company\’s balance sheet A+

Presented below are the captions of Faulk Company\’s balance sheet. (a) Current assets (f) Current liabilities (b) Investments (g) Non-current liabilities (c) Property, plant, and equipment (h) Capital stock (d) Intangible assets (i) Additional paid-in capital (e) Other assets (j) … Continue reading

Posted in Homework Help | Comments Off

The Huang Corporation needs to raise $71 million to finance its expansion into new markets A+

The Huang Corporation needs to raise $71 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $70 per share … Continue reading

Posted in Homework Help | Comments Off

2. Rob Judson Company had the following transactions involving notes payable A+

Rob Judson Company had the following transactions involving notes payable. July 1, 2011 Borrows $50,000 from Third National Bank by signing a 9-month, 12% note. November 1,2011 Borrows $60,000 from DeKalb State Bank by signing a 3-month, 10% note. December … Continue reading

Posted in Homework Help | Comments Off

Halloway Company has issued three different bonds during 2011 A+

Halloway Company has issued three different bonds during 2011. Interest is payable semiannually on each of these bonds. 1. On January 1, 2011, 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2011, were issued at face value. 2. On July … Continue reading

Posted in Homework Help | Comments Off

Merry-Go-Round (MGR), a clothing retailer located primarily in shopping malls, was founded in 1968 A+

Merry-Go-Round (MGR), a clothing retailer located primarily in shopping malls, was founded in 1968. By the early1990s, the company had gone public and had expanded to approximately 1,500 stores, 15,000 employees, and $1billion in annual sales. The company‚Äôs locations in … Continue reading

Posted in Homework Help | Comments Off