12. A 25 year municipal bond has a maturity value of $20,000 and a coupon rate of 4.8%. Coupons

are paid semi-annually, at the end of each period. Find the market price of the bond if the

           current yield is 5.5% per year, compounded semi-annually. Is the bond selling at a premium

           or discount?

N =

I % =

PV =

PMT =

FV =

P/Y =

C/Y =

PMT: END BEG

CHAPTER 21 (12.)

Portions of the financial statements for Parnell Company are provided below.

Required:

1. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct method.
2. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the indirect method.

Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2017 with three assets: cash of 22,000 dinars, accounts receivable of 80,800 dinars, and land that cost 208,000 dinars when acquired on April 1, 2016. On January 1, 2017, Zugar has a 158,000 dinar notes payable, and no other liabilities. On May 1, 2017, Zugar renders services to a customer for 128,000 dinars, which was immediately paid in cash. On June 1, 2017, Zugar incurred a 108,000 dinar operating expense, which was immediately paid in cash. No other transactions occurred during the year. Currency exchange rates for 1 dinar follow:

1. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S. dollar as its reporting currency. Assume also that the dinar is the subsidiary’s functional currency. What is the translation adjustment for the subsidiary of the year 2017?
2. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S. dollar as its reporting currency. Assume also that the U.S. dollar is the subsidiary’s functional currency. What is the remeasurement gain or loss for 2017?
3. Assume that Zugar is a foreign subsidiary of a U.S. multinational company. On the December 31, 2017 balance sheet, what is the translated value of the Land account? On the December 31, 2017 balance sheet, what is the remeasured value of the land

This is all one question with several parts for my accounting homework. I've tried but I keep getting the wrong answer please help.

Your firm is considering a project to produce new whatchamacallits. The project will require new equipment at a cost of $150,000. Shipping and installation will be $25,000 and initial training required before the project starts will cost $20,000. The equipment will be depreciated on a straight- line basis to a book value of $15,000 over the project’s three year life. At the end of the project, the equipment will be sold for $10,000.

Initially, the project requires an increase in inventory of $5,000, an increase in Accounts Payable of $3,000, and an increase in Accounts Receivable of $8,000. Changes in working capital will be recouped at the end of the project.

The whatchamacallits will be sold for $10 each. The project would require variable costs of 20% of sales, annual fixed costs of $21,000, and annual recertification training at a cost of $5,000.

The tax rate is 35% and the cost of capital is 12%. Assuming that the operating cash flows will be constant over the project’s life, calculate the financial break-even level of annual sales.

Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No new loans were required to fund construction. Thornton does have the following two interest-bearing liabilities that were outstanding throughout the construction period:

Construction expenditures incurred were as follows:

The company’s fiscal year-end is December 31.

Required:
Calculate the amount of interest capitalized for 2021 and 2022.

You are requested to use your assumed business to prepare an accounting cycle project which include the 9 steps with transactions and workings

i want all steps of accounting cycles with assumed business transactions with working step 1 till step 9

Exercise 9-1 Prepare a Flexible Budget [LO9-1]

In 3-4 paragraphs, explain why it is important to study health care finance specifically, versus business finance in general. What is the difference?

Required information

[The following information applies to the questions displayed below.]

Golden Corp., a merchandiser, recently completed its 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The company’s balance sheets and income statement follow.

Additional Information on Year 2017 Transactions

1. Purchased equipment for $36,000 cash.
2. Issued 12,000 shares of common stock for $5 cash per share.
3. Declared and paid $89,000 in cash dividends.

Required:
Prepare a complete statement of cash flows; report its cash inflows and cash outflows from operating activities according to the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Answer is not complete.

Keller Company makes two models of battery-operated boats, the Sandy Beach and the Rocky River. Basic production information follows:

Keller has monthly overhead of $10,424, which is divided into the following cost pools:

The company has also compiled the following information about the chosen cost drivers:

Required:
1. Suppose Keller uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.)

2. Calculate the production cost per unit for each of Keller’s products under a traditional costing system.(Round your intermediate calculations and final answers to 2 decimal places.)

3. Calculate Keller’s gross margin per unit for each product under the traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.)

4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Keller wanted to implement an ABC system. (Round your answers to 2 decimal places.)

5. Assuming an ABC system, assign overhead costs to each product based on activity demands.(Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.)

6. Calculate the production cost per unit for each of Keller’s products with an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.)

7. Calculate Keller’s gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.)

8. Compare the gross margin per unit of each product under the traditional system and ABC. (Round your answers to 2 decimal places.)

Maintenance cost at high level of activity_________

Y =_____ +______X

Total Factory overhead cost____

The following transactions apply to Jova Company for Year 1, the first year of operation: Issued $10,000 of common stock for cash. Recognized $210,000 of service revenue earned on account. Collected $162,000 from accounts receivable. Paid operating expenses of $125,000. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 1 percent of sales on account. The following transactions apply to Jova for Year 2: Recognized $320,000 of service revenue on account. Collected $335,000 from accounts receivable. Determined that $2,150 of the accounts receivable were uncollectible and wrote them off. Collected $800 of an account that had previously been written off. Paid $205,000 cash for operating expenses. Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 0.5 percent of sales on account. Required Complete the following requirements for Year 1 and Year 2. Complete all requirements for Year 1 prior to beginning the requirements for Year 2. c. Organize the transaction data in accounts under an accounting equation for each year.

QUESTION 17

1. What is the best description of how assets and liabilities of a subsidiary are shown in consolidation, when the acquirer bought stock in steps, occurring over several years?

   	a.	They are shown based on the book values on the subsidiary’s books
   	b.	They are shown based on fair value as of the latest date stock was acquired, as long as the acquirer has significant influence, adjusted for amortization
   	c.	They are shown based on fair value as of the time the acquirer first obtained significant influence, adjusted for amortization
   	d.	They are shown based on fair value as of the time the acquirer first obtained control, adjusted for amortization

Lady Gaga is 30 and already worried about her future. She wants to make sure that she’ll be able to keep up with the life standard she got used to – at the end of the day, she was born this way and wants to die this way, too. She has couple of goals that she wants to achieve after she retires. First, she wants to be able to withdraw $150,000 each month to cover her clothing and make-up expenses for 15 years after she stops singing and retires at the age of 65. Second, she wants to be able to donate $3,000,000 to St. Jude Children’s Hospital at the age of 75. Lastly, the year she retires, she also wants to buy a house in Honolulu, HI that costs $7,500,000 today, with the price being estimated to increase by 1% each year.
a. If she can earn 15% compounded monthly on her retirement account, how much does she need to deposit into her account each month until retirement to achieve her goals?
b. What if she decides to save $40,000 each month for the first 10 years, then not to save for 15 years, and to go back to saving and investing for the last 10 years before retirement – how much would she then need to save every month for the last 10 years to achieve the same goals?