Answer……………………………………..Calculations
$__________1. Direct Materials Used ________________________________
$__________2. Total Manufacturing Costs Incurred ____________________________
$__________3. Total Manufacturing Cost__________________
$__________4. Cost of Goods Manufactured___________________________
$__________5. Cost of Goods Sold___________________________________

A 3-year bond carrying 3.5% annual coupon and $100-par is putable at par 1 year and 2 years from today. Calculate the value of the putable bond under the forward rate curve below.

1-year spot rate: 1.6%;

1-year spot rate 1 year from now: 2.8%;

1-year spot rate 2 years from now: 4.3%.

Assume annual compounding. Round your answer to 2 decimal places (nearest cent).

Problem 3.  You currently make $100,000 a year and expect your salary increase by 10% a year for 20 years.   You are considering an MBA which will cost you $120,000 for the entire education. If you take the MBA, you will have to pay the full tuition today (all upfront) and you will make zero earnings at the end of years 1 and 2.  However, after graduation you’ll have an opportunity to join a premier investment bank, which promises $130,000 a year, which will grow by 15% for 18 years after graduation.  Is the MBA a good deal? Assume a constant discount rate of 15%.  What if rates fall to 10%?  What if rates rise to 17%, how does your answer change?  Show your detailed spreadsheet calculations (Alt#2). Note: salary is paid at the end of each year.

On December 31, Year 13, Onyx Corporation accepted an 8%, 10 year, $300,000 note for consulting services performed at the end of Year 13. Interest on the note will be accrued quarterly, and the note carries an effective rate of 12%.

a. What would be the journal entry to record initial acceptance of the note?

b. What is the carrying value of the note on April 1^st, Year18, assuming 23 interest payments remain to be paid?

c. What is the total interest revenue of the note for the year-end December 31, Year 14 (round to the nearest dollar)?

The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations

During the year, The Shirt Shop sold 1,080 T-shirts for $24 each.

PART I.) Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.)

PART II.) Record the above transactions in general journal form using FIFO method

PART III.) Record the above transactions in general journal form using LIFO method. Assume all transactions are cash transactions.

PART IV.) Record the above transactions in general journal form using weighted average method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.)

PART V.) post to T-accounts using FIFO method. Assume all transactions are cash transactions.

PART VI.) Post to T-accounts using LIFO method. Assume all transactions are cash transactions.

PART VII.) Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.)

EXAMPLE 1- TAXPAYER HAS 3 PASSIVE ACTIVITIES WITH THE FOLLOWING RESULTS FOR THE CURRENT YEAR(YEAR 1): ACTIVITY A ($10,000), ACTIVITY B ($15,000), AND ACTIVITY C $6,000TAXPAYER CAN DEDUCT ONLY $6,000 OF THE PASSIVE LOSSES SINCE PASSIVE LOSSES ARE DEDUCTIBLE ONLY UP TO PASSIVE INCOME WITH THE FOLLOWING LOSS CARRYFORWARDS TO YEAR 2: $19,000 DISALLOWED LOSSES X 10/25= ($7,600) LOSS CARRIED FORWARD FROM ACITIVITY A $19,000 DISALLOWED LOSSES X 15/25= ($11,400) LOSS CARRIED FORWARD FROM ACTIVITY B

can someone explain this please

Assume Maple Corp. has just completed the third year of its existence (year 3). The table below indicates Maple’s ending book inventory for each year and the additional I.R.C. §263A costs it was required to include in its ending inventory. Maple immediately expensed these costs for book purposes. In year 2, Maple sold all of its year 1 ending inventory, and in year 3 it sold all of its year 2 ending inventory.

1. What book–tax difference associated with its inventory did Maple report in year 1? Was the difference favorable or unfavorable? Was it permanent or temporary?
2. What book–tax difference associated with its inventory did Maple report in year 2? Was the difference favorable or unfavorable? Was it permanent or temporary?
3. What book–tax difference associated with its inventory did Maple report in year 3? Was the difference favorable or unfavorable? Was it permanent or temporary?

company has the following operating data for the past 2 years:

Sales in year 1 is $70,000 less than sales in year 2.

The Company had the same capital turnover in both years.

Q.) What is the sales margin in Year 2