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Moline Company - journalize the transactions
On January 1, 2012, Moline Company had Accounts Receivable
$154,000; Notes Receivable of
$12,000; and Allowance for Doubtful Accounts of $13,200. The note
receivable is f...
Alter Company - journalize the transactions
P8-6B On January 1, 2014, Alter Company had Accounts
Receivable $154,000; Notes Receivable of
$12,000; and Allowance for Doubtful Accounts of $13,200. The
note receivable is ...
Wally's Motors - inventory conversion period
Wally's Motors
generally has inventory that equals $48 million. If the inventory turnover
for
the company is 8X, what are its:
(a) Inventory conversion period; and...
Dynamo Corporation - cost of debt
The cost of debt: Dynamo Corporation has semiannual bonds
outstanding with 12 years to maturity
and are currently priced at $1,080.29. If the bonds have a
coupon rate of ...
Travis & Sons - projected net present value
Travis & Sons
has a capital structure which is based on 40 percent debt, 5 percent
preferred
stock, and 55 percent common
stock. The pre-tax cost of debt is 7.5 perc...
Digby Corporation - revenue in the income statement
In the month of
March the Digby Corporation received and delivered orders of 156,000 units at
a
price of $15.00 for revenue of $2.340mil for their product Daft. Digby use...
