会计学——企业决策的基础(英文版)课后习题答案 comprehensive problem2
会计学：企业决策的基础exercises-chapter4答案
SOLUTIONS TO EXERCISESEx 4–1 a. Book valueb. Materialityc. Matching principled. Unrecorded revenuee. Adjusting entriesf. Unearned revenueg. Prepaid expensesh. None (This is an example of “depreciation expense.”)Ex. 4–2Income Statement Balance SheetAdjusting Entryab NE I D NE I Dc I NE I I NE Id NE I D NE I De NE I D D NE Df I NE I NE D IEx. 4–3 a. Rent Expense .......................................................................................... 240,000Prepaid Rent .............................................................................. 240,000 To record rent expense for May ($1,200,000 ÷ 5 months =$240,000 per month).b. Unearned Ticket Revenue ................................................................... 148,800Ticket Revenue .......................................................................... 148,800 To record earning portion of season ticket revenue relatingto May home games.Interest Payable (375)$50,000 x 9% annual rate x 1/12 = $375.(2) Accounts Receivable ...................................................................... 10,000Consulting Fees Earned .................................................... 10,000 To record ten days of unbilled consulting fees at $1,000per day.b. $2,250 ($50,000 x 9% x 6/12 = $2,250)c. $15,000 ($25,000 - $10,000 earned in December, 2002)Ex. 4–5 a. The balance of TWA’s Advance Ticket Sales account represents unearned revenue—that is, amounts collected from customers prior to rendering the relatedservices (air travel). As TWA has an obligation to render these services, theAdvanced Ticket Sales account appears among the liabilities in TWA’s balancesheet.b. TWA normally reduces the balance of this liability account by rendering services tocustomers—that is, by providing flights for which the customers have purchasedtickets. On some occasions, however, TWA reduces the balance of this liability bymaking cash refunds to customers.Interest Payable......................................................................... 1,200 To record interest accrued on bank loan during December.2. D epreciation Expense: Office Building ............................................ 1,100Accumulated Depreciation: Office Building ...................... 1,100 To record depreciation on office building ($330,000 ÷ 25years ⨯1/12 = $1,100).3. A ccounts Receivable ............................................................................ 64,000Marketing Revenue Earned .................................................... 64,000 To record accrued Marketing revenue earned in December.4. I nsurance Expense (150)Prepaid Insurance (150)To record insurance expense (1,800 ÷ 12 months = $150).5. U nearned Revenue ............................................................................... 3,500Marketing Revenue Earned .................................................... 3,500 To record portion of unearned revenue that had becomeearned in December.6. S alaries Expense .................................................................................... 2,400Salaries Payable ......................................................................... 2,400 To record accrued salaries in December.b. $62,650 ($64,000 + $3,500 - $1,200 - $1,100 - $150 - $2,400).Ex. 4–7 a. The total interest expense over the life of the note is $5,400 ($120,000 ⨯ .09 ⨯6/12 = $5,400).The monthly interest expense is $900 ($5,400 ÷ 6 = $900).b. The liability to the bank at December 31, 2002, is $121,800 (Principal, $120,000 +$1,800 accrued interest).c. 2002Oct. 31 Cash ........................................................................................ 120,000Notes Payable .......................................................... 120,000 Obtain from bank six-month loan with interest at9% a year.d. Dec. 31 Interest Expense (900)Interest Payable (900)To accrue interest expense for December on notepayable ($120,000 ⨯ 9% ⨯1/12).e. The liability to the bank at March 31, 2003, is $124,500, consisting of $120,000principal plus $4,500 accrued interest for five months.Ex. 4–8 a. May 1 Cash ........................................................................................ 300,000Notes Payable .......................................................... 300,000 Obtained a three-month loan from National Bankat 12% interest per year.May 31 Interest Expense .................................................................. 3,000Interest Payable ...................................................... 3,000 To record interest expense for May on notepayable to National Bank ($300,000 ⨯ 12% ⨯1/12 =$3,000).b. May 1 Prepaid Rent ......................................................................... 180,000Cash ............................................................................ 180,000 Paid rent for six months at $30,000 per month.May 31 Rent Expense ........................................................................ 30,000Prepaid Rent ............................................................ 30,000 To record rent expense for the month of May.c. May 2 Cash ........................................................................................ 910,000Unearned Admissions Revenue .......................... 910,000 Sold season tickets to the 70-day racing season.May 31 Unearned Admissions Revenue ....................................... 260,000Admissions Revenue .............................................. 260,000 To record admissions revenue from the 20 racingdays in May ($910,000 ⨯ 20/70 = $260,000).d. May 4 No entry required.e. May 6 Prepaid Printing .................................................................. 12,000Cash ............................................................................ 12,000 Printed racing forms for first 30 racing days.May 31 Printing Expense.................................................................. 8,000Prepaid Printing ...................................................... 8,000 To record printing expense for 20 racing days inMay.f. May 31 Concessions Receivable ..................................................... 16,500Concessions Revenue ............................................ 16,500 Earned 10% of refreshment sales of $165,000 duringMay.Something to Consider:Effects of omission of May 31 adjusting entry for rent expense on May 31 financialstatements:Revenue Not affectedExpenses Understated (by May’s rent of $30,000)Net Income Overstated (because May rent expense was not recognized)Assets Overstated (Prepaid Rent should be reduced by portion expiredin May)Liabilities Not affectedOwners’ Equity Overstated (because net income is overstated)Ex. 4–9 a. Materiality refers to the relative importance of an item. An item is material if knowledge of it might reasonably influence the decisions of users of financialstatements. If an item is immaterial,by definition it is not relevant to decisionmakers.Accountants must account for material items in the manner required by generallyaccepted accounting principles. However, immaterial items may be accounted forin the most convenient and economical manner.b. Whether a specific dollar amount is “material”depends upon the (1) size of theamount and (2) nature of the item. In evaluating the size of a dollar amount,accountants consider the amount in relation to the size of the organization.Based solely upon dollar amount, $2,500 is not material in relation to the financialstatements of a large, publicly owned corporation. For a small business however,this amount could be material.In addition to considering the size of a dollar amount, accountants must alsoconsider the nature of the item. The nature of an item may make the item“material”to users of the financial statements regardless of its dollar amount.Examples might include bribes paid to government officials, or theft of companyassets or other illegal acts committed by management.In summary, one cannot say whether $2,500 is a material amount. The answerdepends upon the related circumstances.c. Two ways in which the concept of materiality may save time and effort foraccountants are:1. Adjusting entries may be based upon estimated amounts if there is little or nopossibility that the use of an estimate will result in material error. For example,an adjusting entry to reflect the amount of supplies used may be based on anestimate of the cost of supplies remaining on hand.2. Adjusting entries need not be made to accrue immaterial amounts ofunrecorded expenses or unrecorded revenue. For example, no adjusting entriesnormally are made to record utility expense payable at year-end.Ex. 4–10 a. None (or Materiality). Accounting for immaterial items is not “wrong”or a “violation” of generally accepted accounting principles; it is merely a waste of time.The bookkeeperis failing to take advantage of the concept of materiality, which permits chargingimmaterial costs directly to expense, thus eliminating the need to recorddepreciation in later periods.b. Matching.c. Realization.Ex. 4–11 a. Accounts likely to have required an adjusting entry are:1. Investments2. Accounts Receivable3. Inventories4. Prepaid Expenses5. Deferred Income Taxes6. Buildings7. Machinery and Equipment8. Intangible Assets9. Accounts Payable10. Accrued Liabilities11. Income Taxes Payable12. Deferred Compensation and Other LiabilitiesNote to the Instructor: The adjustments required for many of the accounts listedabove are discussed in subsequent chapters. Some are beyond the scope of anintroductory course.SOLUTIONS TO PROBLEMS20 Minutes, Easy PROBLEM 4–1FLORIDA PALMS COUNTRY CLUBPROBLEM 4–1FLORIDA PALMS COUNTRY CLUB (concluded)b.1. Accruing unpaid expenses.2. Accruing uncollected revenue.3. Converting liabilities to revenue.4. Converting assets to expenses.5. Accruing unpaid expenses.6. Converting assets to expenses.7. No adjusting entry required.8. Accruing unpaid expenses.c. The clubhouse was built in 1925 and has been fully depreciated for financial accountingpurposes. The net book value of an asset reported in the balance sheet does not reflect the asset’s fair market value. Likewise, depreciation expense reported in the income statement does not reflect a decline in fair market value, physical obsolescence, or wear-and-tear.40 Minutes, Medium PROBLEM 4–2ENCHANTED FORESTPROBLEM 4–2ENCHANTED FOREST (concluded)b.1. Accruing uncollected revenue.2. Accruing unpaid expenses.3. Converting assets to expenses.4. No adjusting entry required.5. Accruing unpaid expenses.6. Accruing uncollected revenue.7. Converting liabilities to revenue.8. Accruing unpaid expenses.9. Accruing unpaid expenses.c.Income Statement Balance SheetAdjustment Revenue Expenses =NetIncome Assets = Liabilities +Owners’Equity1. I NE I I NE I2. NE I D NE I D3. NE I D D NE D4. NE NE NE NE NE NE5. NE I D NE I D6. I NE I I NE I7. I NE I NE D I8. NE I D NE I D9. NE I D NE I Dd. $340 ($12,000 x 0.85% x 4/12)e. Original cost of buildings .......................................................................................$600,000Accumulated depreciation: buildings (prior to adjusting entry 3 inpart a) ...........................................................................................................................$310,000 December depreciation expense from part a ..................................................2,000Accumulated depreciation, buildings, 12/31 ...................................................(312,000) Net book value at December 31 ..........................................................................$288,00025 Minutes, Strong PROBLEM 4–3SEA CATa. (1) Age of the catamaran in months = accumulated depreciation÷monthly depreciation.Useful life is given as 10 years, or 120 months.Cost $46,200 ÷ 120 months = $385 monthly depreciation expense.Accumulated depreciation of $9,240 ÷ $385 monthly depreciation = 24 months.(2) Tickets used in June (14)5Tickets outstanding on June 30 ($825÷ $15) (55)Tickets sold to resort hotel on June 1 (20)(3) Prepaid rent of $6,000 ÷ 5 months remaining = $1,200 monthly rentalexpense.(4) $1,400 x 12/8 = $2,100 original cost.Since 4 months of the 12-month life of the policy have expired, the $1,400 ofunexpired insurance applies to the remaining 8 months. This indicates a monthly costof $175, computed as $1,400 ÷ 8. Therefore, the 12-month policy originally cost$2,100, or 12 x $175.30 Minutes, Medium PROBLEM 4–4CAMPUS THEATERPROBLEM 4–4CAMPUS THEATER (concluded)b. (1) Eight months (bills received January through August). Utilities bills are recorded asmonthly bills are received. As of August 31, eight monthly bills should have beenreceived.(2) Seven months (January through July). Depreciation expense is recorded only inmonth-end adjusting entries. Thus, depreciation for August is not included in theAugust unadjusted trial balance.(3) Twenty months ($14,000 $700 per month).c. Corporations must pay their income taxes in several installment payments throughout theyear. The balance in the Income Taxes Expense account represents the total amount ofincome taxes expense recognized since the beginning of the year. But Income TaxesPayable represents only the portion of this expense that has not yet been paid. In theexample at hand, the $4,740 in income taxes payable probably represents only the income taxes expense accrued in July, as Pickwood should have paid taxes accrued in the first two quarters by June 15.50 Minutes, Strong PROBLEM 4–5KEN HENSLEY ENTERPRISES, INC.PROBLEM 4–5KEN HENSLEY ENTERPRISES, INC. (continued)c. Monthly rent expense for the last two months of 2002 was $2,000 ($6,000 ÷ 3 months). The$21,000 rent expense shown in the studio’s trial balance includes a $2,000 rent expense for November, which means that total rent expense for January through October was $19,000 ($21,000 - $2,000). The monthly rent expense in these months must have been $1,900($19,000 ÷ 10 months). Thus, it appears that the studio’s monthly rent increased by $100 (from $1,900 to $2,000) in November and December.15 Minutes, Medium PROBLEM 4–6KOYNE CORPORATION。
会计学企业决策的基础 课后习题 答案 chapter11
ermine the market value.We can only get the par value r value only represents the legal capital per sharefrom business operations.Although the book value is of a stock,the market value is also affected by the a profit,the interest rate and overexpectation as to this level of profitability may not be achieved.
Retained earning Total stockholders' equity
Retained Earnings,Jan,1,2009 Add:Net income earned in Dec,2009 subtotal Less:Dividends declare in Dec ,2009
ry)，85000 outstanding
1,000,000
800,000 30,000 1,830,000 120,000 1,950,000 300,000 1,650,000 ck split, the amount of shares of common stock would
unt below which cannot be reduced,except by losses ed by each share of stock,which is the historical e market value of the stock,which represents the s quit low. However the corporation can set par value indicated either that the stock initially was issued investors believe that management and product lines any's creditors.On the other hand, a market value of
会计学 企业决策的基础 财务会计分册 版 章答案
Chapter 6Merchandising Activitie s Ex. 6.41PROBLEM 6.1AClaypool earned a gross profit rate of 32%, which is significantly higher than the industry average. Claypool’s sales were above the industry average, and it earned $77,968 more gross profit than the “average” store of its size. This higher gross profit was earned even though its cost of goods sold was $18,000 to $20,000 higher than the industry average because of the additional transportation charges.To have a higher-than-average cost of goods sold and still earn a much larger-than-average amount of gross profit, Claypool must be able to charge substantially higher sales prices than most hardware stores. Presumably, the company could not charge such prices in a highly competitive environment. Thus, the remote location appears to insulate it from competition and allow it to operate more profitably than hardware stores with nearby competitors.PROBLEM 6.5Ac. Yes. Sole Mates should take advantage of 1/10, n/30 purchase discounts, even if itmust borrow money for a short period of time at an annual rate of 11%. Bytaking advantage of the discount, the company saves 1% by making payment 20 days early. At an interest rate of 11% per year, the bank charges only 0.6%interest over a 20-day period (11% X 20/365 = 0.6%). Thus, the cost of passing up the discount is greater than the cost of short-term borrowing.Chapter 7 Financial assetsChapter 8 Inventories and the cost of goods soldSupplementary ProblemChapter 91617。
会计学--企业决策的基础 第二章作业答案
B. Ex. 2.10The burglary on January 7 is an event after reporting date (期后事项，资产负债表日后事项) which occur between the reporting date and the date on which the financial statements are authorised for issue by the board of directors.).(1) The burglary on January 7 is a non-adjusting event which is indicative of conditions that arose after the reporting date and has no effect on items in the financial statements, but should be disclosed by notes if material.(2) If the burglary took place before December 31, it is an adjusting event which provides additional evidence of conditions existing at the reporting date and the amounts in the financial statements should be adjusted.b.Yes; the form of Fellingham’s organization is relevant to a lender. If the company isnot incorporated, the owner or owners are personally liable for the debts of the business organization. Thus, if the business is organized as a sole proprietorship, it is actually Small’s personal debt-paying ability that determines the collectibility of loans to the business. If the business is a partnership, all of the partners are personally liable for the company’s debts.If Fellingham is organized as a corporation, however, a lender may look only to the corporate entity for payment. However, some lenders would not make sizable loans to a small corporation unless one or more of the stockholders personally guaranteed the loan. This is accomplished by having the stockholder(s) cosign the note.。
会计学-企业决策的基础 答案教学资料
会计学-企业决策的基础答案管理会计作业（chapter16-20）Chapter 16 P757 16.5AChapter 16 P761 16.4BChapter 17 P802 17.3Aa. Department One overhead application rate based on machine-hours:Manufacturing Overhead= $420,000= $35 per machine-hourMachine-Hours 12,000Department Two overhead application rate based on direct labor hours:Manufacturing Overhead= $337,500= $22.50 per direct labor hourDirect Labor Hours 15,000Chapter 17 P805 17.8Ad. The Custom Cuts product line is very labor intensive in comparison to the BasicChunks product line. Thus, the company’s current practice of using direct laborhours to allocate overhead results in the assignment of a disproportionate amount of total overhead to the Custom Cuts product line. If pricing decisions are set as a fixed percentage above the manufacturing costs assigned to each product, the Custom Cuts product line is overpriced in the marketplace whereas the Basic Chunks product line is currently priced at an artificially low price in the marketplace. This probablyexplains why sales of Basic Chunks remain strong while sales of Custom Cuts are on the decline.e. The benefits the company would achieve by implementing an activity-based costingsystem include: (1) a better identification of its operating inefficiencies, (2) a betterunderstanding of its overhead cost structure, (3) a better understanding of theresource requirements of each product line, (4) the potential to increase the sellingprice of Basic Chunks to make it more comparable to competitive brands and possibly do so without having to sacrifice significant market share, and (5) the ability todecrease the selling price of Custom Cuts without having to sacrifice product quality.Chapter 18 P835 18.1a. job costing (each project of a construction company is unique)B. Ex.18.1b. both job and process costing (institutional clients may represent uniquejobs)c. job costing (each set of equipment is uniquely designed andmanufactured)d. process costing (the dog houses are uniformly manufactured in highvolumes)e. process costing (the vitamins and supplements are uniformlymanufactured in high volumes)Chapter 18 P841 18.3Ab4,000 EU @ $13.50 = $54,000Chapter 18 P845 18.2Ba. (1) $49 [($192,000 + $48,000 + $54,000) ÷ 6,000 units](2) $109 [($480,000 + $108,000 + $66,000) ÷ 6,000 units](3) $158 ($49 + $109)(4) $32 ($192,000 ÷ 6,000 units)(5) $18 ($108,000 ÷ 6,000 units)b. In evaluating the overall efficiency of the Engine Department, management wouldlook at the monthly per-unit cost incurred by that department, which is the cost of assembling and installing an engine ($109 in part a).Chapter 20 P918 20.1Ad. No. With a unit sales price of $94, the break-even sales volume in units is 54,000 units:Unit contribution margin = $94 - $84 variable costs = $10Break-even sales volume (in units) = $540,000$10= 54,000 unitsUnless Thermal Tent has the ability to manufacture 54,000 units (or lower fixed and/or variable costs), setting the unit sales price at $94 will not enable Thermal Tent to break even.Chapter 20 P918 20.2AChapter 20 P920 20.6ASales volume required to maintain current operating income:Sales Volume =Fixed Costs + Target Operating IncomeUnit Contribution Margin=$390,000 + $350,000= $20,000 units$37。
会计企业决策的基础(15)财务会计书后大题
会计企业决策的基础(15)财务会计书后大题3.6 Satka Fishing Expeditions ,Inc., recorded the following transactions in July…………………..Indicate the effects that each of these transactions will have upon the following six total amounts in the company’s financial statements for the month of July. Organize your answer in tabular form, using the column headings shown, and use the code letters I for increase, D for decrease, and NE for no effect.3.7 A number of transactions of Claypool Construction are described below in terms of accounts debited and credited.a. Indicate the effects of each transactions upon the elements of the income statement and the balance sheet. Use the code letters I for increase, D for decrease, and NE for no effect. Organize your answer in tabular form, using the column headings shown,b. Write a one-sentence description of each transaction.3.8 Shown below are selected transactions of the architectural firm of Baxter, Claxter, and Stone,Inc.a. Prepare journal entries to record the transactions in the firm’s accounting records.b. Identify any of the above transactions that will not result in a change in the company’s net income.3.10 Trafflet Enterprises incorporated on May 3,2009. The company engaged in the following transactions during its first month of operations:a. Prepare journal entries, including explanations, for the above transactions.b. Post each entry to the appropriate ledger accountsc. Prepare a trial balance dated May 31, 2009. Assume accounts with zero balances are notincluded in the trial balance.3.11 The McMillan Corporation incorporated on September 2, 2009. The company engaged in the following transactions during its first month of operations:a. Prepare journal entries, including explanations, for the above transactions.b. Post each entry to the appropriate ledger accountsc. Prepare a trial balance dated May 30, 2009. Assume accounts with zero balances are notincluded in the trial balance.Exercise 5.2Tutors for Rent, Inc., performs adjusting entries every month, but closes its accounts only at year-end. The comp any’s year-end adjusted trial balance dated December 31, 2009, was:TUTORS FOR RNET,INC.Adjusted Trial BalanceDecember 31, 2009Cash…………………………………………………………………………… $91,100Accounts receivable..................................................................... 4,500 Supplies (300)Equipment……………………………………………………………………… 12,000Accumulated depreciation: equipment………………………………………… $5,000 Accounts payable……………………………………………………………… 1,500 Income taxes payable…………………………………………………………..3,500 Capital stock…………………………………………………………………… 25,000 Retained earnings……………………………………………………………… 45,000 Dividends……………………………………………………………………… 2,000 Tutoring revenue earned……………………………………………………… 96,000 Salary expense………………………………………………………………… 52,000Supply expense………………………………………………………………… 1,200Advertising expense (300)Depreciation expense: equipment……………………………………………… 1,000Income taxes expense………………………………………………………….. 11,600 a. Prepare an income statement and statement of retained earnings for the year ended December31, 2009. Also prepare the company’s balance sheet dated December 31, 2009.b. Dose the company appear to be liquid? Defend your answer.c.Has the company been profitable in the past? Explain.Exercise 5.3Wilderness Guide Services, Inc., performs adjusting entries every month, but closes its accounts only at year-end. The company’s year-end adjusted trial balance dated December 31, 2009, follows: Wilderness Guide Services, Inc.Adjusted Trial BalanceDecember 31, 2009Cash…………………………………………………………………………… $12,200Accounts receivable…………………………………………………………… 31,000 Camping supplies……………………………………………………………… 7,900 Unexpired insurance policies…………………………………………………..2,400Equipment……………………………………………………………………… 70,000Accumulated depreciation: equipment………………………………………… $60,000 Notes payable(due 4/1/10)…………………………………………………….. 18,000 Accounts payable……………………………………………………………… 9,500 Capital stock…………………………………………………………………… 25,000 Retained earnin gs……………………………………………………………… 15,000 Dividends……………………………………………………………………… 1,000 Guide revenue earned………………………………………………………… 102,000 Salary expense………………………………………………………………… 87,500Camping Supply expense……………………………………………………… 1,200Insurance expense…………………………………………………………… 9,600Depreciation expense: equipment……………………………………………… 5,000Interest expense………………………………………………………………… a. Prepare an income statement and statement of retained earnings for the year ended December31, 2009. Also prepare t he company’s balance sheet dated December 31, 2009.(Hint: Unprofitable companies have no income taxes expense.)b. Dose the company appear to be liquid? Defend your answer.c. Has the company been profitable in the past? Explain.Exercise 5.10ORGON FOODSBalance SheetDecember 31, 2009AssetsCash…………………………………………………………………………… $6,800 Accounts receivable…………………………………………………………… 7,200 Office supplies………………………………………………………………… 700 Prepaid rent……………………………………………………………………. 1,700Equipment……………………………………………………………………… $ 12,000 Accumulated depreciation: equipment……………………………… ……….. $7,200 Total assets…………………………………………………………..LiabilitiesAccounts payable………………………………………………………………. $2,200 Income taxes payable…………………………………………………………… Total Liabilities…………………………………………………………………. $4,000 Stockholders’ EquityCapital stock……………………………………………………………………. $10,000 Retained earnings………………………………………………………………. Total Stockholders’ Equity…………………………………………………….. Total Liabilities and Stockhol ders’ Equity………………………………………Other information provided by the company is as follows:Total Revenue for the year ended December 31, 2009…………………………… $25,500 Total ecpense for the year ended December 31, 2009…………………………..... 20,400 Total Stockholders’ Equity, January 1, 2009……………………………………… 14,800Compute and discuss briefly the significance of the following measures as they relate to Oregon Foods:a. Net income percentage in 2009.b. Return on equity in 2009.c. Working capital on December 31, 2009.d. Current ratio on December 31, 2009.10.2 Listed below are eight events or transactions of GemStar Corporation.Indicate the effects that each of these transactions on the following financial statements categories. Organize your answer in tabular form, using the column headings. Use the following code letters to indicate the effects of each transaction on the accounting element listed in the column heading: I for increase, D for decrease, and NE for no effect.10.9 Swanson Corporation issued $8 million of 20-year, 8 percent bonds on April 1, 2009, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2029. Swanson’s fiscal year ends on December 31. Prepare the following journal entries:Ex. 10.9a. 2009Apr. 1 Cash …………………………………………….8,160,000Premium on Bonds Payable ………………… 160,000Bond Payable …………………………………8,000,000To record issuance of bonds at 102.b. 2009Sept. 30 Bond Intere st Expense ……………316,000Premium on Bonds Payable ……… 4,000Cash …………………………320,000To pay interest and amortize bond premium.Semiannual interest payment:$8,000,000 x 8% x 1/2 ……… $320,000Less premium amortized:[$160,000 / 20 yrs.] x 1/2 ……Interest expense $316,000c. 2029Mar. 31 Bond Interest Payable ……………160,000Bond Interest Expense ……………158,000Premium on Bonds Payable ………2,000Cash …………………………………320,000To record final interest payment and amortizebond premium:(1) Interest expense for 3 months in 2029 = $316,000 x 3/6 = $158,000(2) Premium amortized in 2029 = $4,000 x 3/6 = $2,000(3) Interest payable from 12/31/28 = $320,000 x 3/6 = $160,000Mar. 31 Bonds Payable ……………………… 8,000,000Cash ……………………………………8,000,000To retire bonds at maturity.d. (1) Amortization of a bond premium decreases annual interest expense and, consequently, increases annual net income.(2) Amortization of a bond premium is a noncash component of the annual interest expense computation. Thus, it has no effect upon annual net cash flow from operating activities. (Receipt of cash upon issuance of bonds and payment of cash to retire bonds at maturity are both classified as financing activities.)10.10 Mellilo Corporation issued $5 million of 20-year, 9.5 percent bonds on July 1,2009, at 98. Interest is due on June 30 and December 31 of each year, and all of the bonds in the issue mature on June 30,2009. Mellilo’s fiscal year ends on Dece mber 31. Prepare the following journal entries: Ex. 10.10a. 2009July 1 Cash ……………………… 4,900,000Discount on Bonds Payable … 100,000Bonds Payable ………………………5,000,000To record issuance of bonds at 98.b. 2009Dec. 31 Bond Inter est Expense ………………240,000Discount on Bonds Payable ……………… 2,500Cash …………………………………… 237,500To pay interest and amortize bond discount:Semiannual interest payment:$5,000,000 x 9 1/2% x 1/2 …….. $237,500Add discount amortized:[$100,000 ? 20 yrs.] x 1/2 …… 2,500Interest expense $240,000c. 2029June 30 Bond Interest Expense ……………… 240,000Discount on Bonds Payable ……………2,500Cash ………………………………………… 237,500To make final interest payment and amortize bond discount(same calculation as in part b. above).June 30 Bond Payable …………………………5,000,000Cash ………………………………………… 5,000,000To retire bonds at maturity.d. (1) Amortization of bond discount increases annual interest expense and, consequently, reduces annual net income.(2) Amortization of bond discount is a noncash component of annual interest expense and has no effect upon annual net cash flow fromoperating activities. (Receipt of cash upon issuance of bonds and payment of cash to retire bonds at maturity are both classified as financing activities.)。
会计学企业决策的基础财务会计分册英文版第十七版课程设计
Accounting for Business Decision Making - 17thEdition Course DesignCourse OverviewThis course is designed to provide a comprehensive understanding of financial accounting and its role in the decision-making processes of businesses. The course will cover the basic principles of financial accounting and how they are applied to create financial statements to determine the financial health of an organization.Learning OutcomesBy the end of this course, students will be able to:•Understand the basic principles of financial accounting and its role in business decision-making•Analyze and interpret financial statements to gn insights into a company’s financial performance and health•Understand the components of financial statements and how they are interconnected•Understand the factors that influence financial reporting and analysis•Conduct financial analyses to evaluate business performance and make informed decisionsCourse StructureThe course will be divided into the following modules:Module 1: Introduction to Financial AccountingThis module will cover the basic principles of financial accounting, including:•The accounting process•The elements of financial statements•The accounting equation•The double-entry accounting system•The concepts of accruals and deferralsModule 2: Financial StatementsThis module will focus on the components of financial statements, including:•The balance sheet•The income statement•The cash flow statement•The statement of changes in equityModule 3: Financial Statement AnalysisThis module will cover how to analyze the information presented in financial statements to assess a company’s performance, including:•Ratio analysis•Horizontal and vertical analysis•Trend analysis•Common-size financial statementsModule 4: Financial Reporting PracticesThis module will examine the factors that influence financial reporting, including:•Regulatory requirements and standards•Financial reporting ethics•Financial analysis tools and techniquesModule 5: Financial Decision MakingThis module will focus on how financial information is used to make informed business decisions, including:•Capital budgeting•Financing decisions•Investment decisions•Risk managementCourse AssessmentThe course will be assessed through a combination of:•Homework assignments•Quizzes•Mid-term exam•Final examThe final grade for the course will be determined by a weighted average of these assessments.ConclusionThis course provides a comprehensive overview of financial accounting and its role in the decision-making processes of businesses. By the end of the course, students will have a thorough understanding of financial accounting principles and how to apply them to business decision making.。
会计学-企业决策的基础 答案
管理会计作业（chapter16-20）Chapter 16 P757 16.5AChapter 16 P761 16.4BChapter 17 P802 17.3Aa.Department One overhead application ratebased on machine-hours:Manufacturing Overhead$420,000=$35 per machine-hourMachine-Hours 12,00 0Department Two overhead application rate based on direct labor hours:Manufacturing Overhead$337,500=$22.50 per direct laborhourDirect Labor Hours 15,00 0Chapter 17 P805 17.8Ad .The Custom Cuts product line is very labor intensive in comparison to theBasic Chunks product line. Thus, the company’s current practice of using direct labor hours to allocate overhead results in the assignment of a disproportionate amount of total overhead to the Custom Cuts product line. If pricing decisions are set as a fixed percentage above the manufacturing costs assigned to each product, the Custom Cuts product line is overpriced in the marketplace whereas the Basic Chunks product line is currently priced at an artificially low price in the marketplace. This probably explains why sales of Basic Chunks remain strong while sales of Custom Cuts are on the decline.e .The benefits the company would achieve by implementing an activity-basedcosting system include: (1) a better identification of its operating inefficiencies, (2) a better understanding of its overhead cost structure, (3) a better understanding of the resource requirements of each product line, (4) the potential to increase the selling price of Basic Chunks to make it more comparable to competitive brands and possibly do so without having to sacrifice significant market share, and (5) the ability to decrease the selling price of Custom Cuts without having to sacrifice product quality.Chapter 18 P835 18.1B. Ex. 18.1a.job costing (each project of a construction company is unique)b.both job and process costing (institutional clients may represent unique jobs)c.job costing (each set of equipment is uniquely designed and manufactured)d.process costing (the dog houses are uniformly manufactured in high volumes)e.process costing (the vitamins and supplements are uniformly manufactured in high volumes)Chapter 18 P841 18.3AInputs:•Beginning WIP•StartedOutputs:•Units completed•Ending WIP•Beginning WIP•Units started•Units completed•Ending WIP•Cost of beginning WIP•Cost added during the period•Cost of goods transferredtransferred•Add ending WIP$246,000b4,000 EU @ $13.50 =$54,000Chapter 18 P845 18.2Ba .(1)$49 [($192,000 + $48,000 + $54,000) ÷ 6,000 units](2)$109 [($480,000 + $108,000 + $66,000) ÷6,000 units] (3)$158 ($49 + $109)(4)$32 ($192,000 ÷ 6,000 units)(5)$18 ($108,000 ÷ 6,000 units)b .In evaluating the overall efficiency of the Engine Department, managementwould look at the monthly per-unit cost incurred by that department, which is the cost of assembling and installing an engine ($109 in part a).Chapter 20 P918 20.1Ad .No. With a unit sales price of $94, the break-even sales volume in unitsis 54,000 units:Unit contribution margin = $94 - $84 variable costs = $10Break-even sales volume (in units)$540,000$1054,000 unitsUnless Thermal Tent has the ability to manufacture 54,000 units (or lower fixed and/or variable costs), setting the unit sales price at $94 will not enable Thermal Tent to break even.Chapter 20 P918 20.2AChapter 20 P920 20.6ASales volume required to maintain current operating income:Sales VolumeFixed Costs + TargetOperating IncomeUnit Contribution Margin$390,000 + $350,000= $20,000 units $37。
会计学——企业决策的基础(英文版)课后习题答案 comprehensive problem 1(完整版)
Susquehanna Equipment Rental General Journal Account titles and explanation
Dec.1-31, 2009
Dec. 1
Dec. 1
Dec. 4
Dec. 8
Dec. 12
Dec. 15
Dec. 17
Dec. 23
(a)advanced payment used during December
(e)earned of rental fees paid in advance on Dec.8
65,000 8,400 12,000 9,600 1,000 240,000 100,000 1,700
(f)1,500 (a)4,000 (d)400 (c)2,500
(b)interest expense accrued during December on note paybale (c)mo
(f)earned six days' rental fees on backhoe rented on Dec.23 (g)to ac
Susquehanna Equipment Rental adjuesting general journal Account titles and explanation Date rent expense Dec.31 prepaid rent advanced payment used during December
Date Dec.31
Debit 43,200
to accrue salaries owed to employees but unpaid as of month-end
会计学企业决策的基础财务会计分册英文版第十七版教学设计
Financial Accounting Volume of the Fundamentals of Corporate Financial Decision-Making: Teaching Designfor the 17th EditionIntroductionThe 17th edition of the Financial Accounting Volume of the Fundamentals of Corporate Financial Decision-Making serves as a comprehensive guide to understanding the basics of financial accounting. This teaching design ms to provide a detled overview of the key concepts and principles covered in the book. The purpose of this document is to help instructors design their course and lesson plans around the book in order to facilitate effective learning outcomes for students.Course ObjectivesThe primary goal of this course is to introduce students to the fundamental concepts and techniques of financial accounting, with an emphasis on their relevance to corporate decision-making. Upon completion of this course, students should be able to: - Understand the accounting cycle and how it generates financial statements - Analyze financial statements and use accounting ratios to evalu ate a company’s performance - Understand the principles of income measurement, including revenue recognition and expense recognition - Understand the basics of inventory valuation and cost of goods sold calculation - Understand the principles of asset valuation, including depreciation and imprmentsTeaching StrategiesTo ensure students have a comprehensive understanding of the course material, the following teaching strategies can be implemented: LectureThe course instructor can use lectures to introduce topics and provide students with an overview of the course material. The instructor should use visuals such as PowerPoint slides, diagrams, and charts to illustrate key concepts. To maximize engagement and participation, the instructor can encourage students to ask questions and provide examples related to each topic.DiscussionTo facilitate deeper learning and encourage critical thinking, the instructor can use classroom discussions to explore course concepts further. Discussion topics can be based on current events or case studies related to financial accounting. Students can be assigned to research an accounting issue and present their findings to the class, followed by a class discussion on the issue.AssignmentsAssignments such as case studies, problem sets, and essays provide students with an opportunity to apply what they have learned in class. Case studies can be used to simulate real-world situations and encourage analytical thinking. Problem sets can be used to reinforce concepts learned in class and develop problem-solving skills. Essays can be used to gauge student understanding of course concepts and their ability to articulate key ideas.AssessmentTo evaluate student understanding and progress throughout the course, the following assessments can be implemented:ExamsMidterm and final exams can be used to test student understanding of course material. Exam questions should be based on the course syllabus and cover all topics learned in class, including accounting concepts, principles, and accounting ratios.QuizzesBi-weekly quizzes can be used to reinforce key concepts learned in class. Quizzes can be both multiple choice and short answer questions. These quick assessments can also help the instructor identify any areas where students may be struggling and provide additional support in those areas.ConclusionThe Financial Accounting Volume of the Fundamentals of Corporate Financial Decision-Making provides students with the essential knowledge and tools needed to understand the basics of financial accounting andits relevance to corporate decision-making. With the right teaching strategies and assessments, instructors can help students develop the critical thinking and problem-solving skills needed to excel in this field.。
会计英语第四版参考答案
会计英语第四版参考答案会计英语第四版参考答案会计英语是会计专业学生必修的一门课程，它旨在帮助学生掌握会计领域的专业术语和表达方式。
《会计英语第四版》是一本广泛使用的教材，其中包含了大量的习题和案例，供学生练习和巩固知识。
本文将为大家提供《会计英语第四版》的参考答案，希望对学习者有所帮助。
第一章：会计概述1. 会计的定义是什么？会计是一门研究经济活动并提供相关信息的学科，它通过记录、分类、汇总和报告财务信息，帮助用户做出经济决策。
2. 什么是会计要素？会计要素是构成会计信息的基本要素，包括资产、负债、所有者权益、收入和费用。
3. 会计的目标是什么？会计的目标是提供有关企业财务状况、经营成果和现金流量的信息，帮助用户做出正确的经济决策。
第二章：会计准则和规范1. 什么是会计准则？会计准则是规范会计信息记录和报告的原则和规则，它确保财务报表的准确性、可比性和可理解性。
2. 什么是国际财务报告准则（IFRS）？国际财务报告准则是由国际会计准则委员会制定的全球通用的会计准则，旨在提高财务报告的质量和可比性。
3. 什么是美国通用会计准则（US GAAP）？美国通用会计准则是美国财务会计准则委员会制定的会计准则，适用于在美国注册的公司。
第三章：资产负债表1. 什么是资产负债表？资产负债表是一份反映企业财务状况的报表，它列出了企业的资产、负债和所有者权益。
2. 资产负债表的基本公式是什么？资产负债表的基本公式是：资产=负债+所有者权益。
3. 什么是流动资产和非流动资产？流动资产是指在一年内可以变现或消耗的资产，如现金、应收账款等；非流动资产是指长期持有的资产，如固定资产和投资。
第四章：利润表1. 什么是利润表？利润表是一份反映企业经营成果的报表，它列出了企业的收入、费用和利润。
2. 利润表的基本公式是什么？利润表的基本公式是：利润=收入-费用。
3. 什么是毛利润和净利润？毛利润是指企业在销售产品或提供服务后剩余的金额，净利润是指扣除所有费用后的利润。
会计学：企业决策的基础,16e-威廉姆斯Chap002
2-4
Introduction to Financial Statements
Balance Sheet Income Statement
Statement of Cash Flows
Depicts the ways cash has changed during a designated period of time.
2-3
Introduction to Financial Statements
Balance Sheet Income Statement
Statement of Cash Flows
Depicts the revenue and expenses for a designated period of time.
Cost Principle
Stable-Dollar Assumption
Objectivity Principle
Going-Concern Assumption
2-9
Liabilities
Vagabond Travel Agency Balance Sheet December 31, 2011 Assets Liabilities & Owners' Equity Cash $ 22,500 Liabilities: Notes receivable 10,000 Notes payable $ 41,000 Accounts receivable 60,500 Accounts payable 36,000 Supplies 2,000 Salaries payable 3,000 Land 100,000 Total liabilities $ 80,000 Building 90,000 Owners' Equity: Office equipment 15,000 Capital stock 150,000 Retained earnings 70,000 Total $ 300,000 Total $ 300,000
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240,200 78,425 318,625 0 318,625
42,475 33,500 112,600 248,650 900
986,000 64,800 1,488,925
70,000 4,800 81,000 155,800 1,000,000 318,625 14,500 1,333,125 1,488,925
k.
d. Cost of goods sold 1,350 Mechandise Inventory 1,350 To adjust the perpetual invenory records to reflect the guitars missing at the end of the year
e. Office supplies expense 300 Office supplies The office supplies used during December
300
f. Insurance expense 6,600 Prepaid insurance 6,600 The expiration of the company's insurance policies during December
Guitar Universe,INC. Income Statement For the Year Ended December 31,2009 Renvenue: Sales Total revenue Expense: Cost of goods sold Bank service charges Uncollectible accounts expense Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income before income taxes Income taxes Net income Guitar Universe,INC. 1,603,200 1,603,200 959,350 225 18,900 395,000 700 13,000 3,600 53,000 1,443,775 159,425 81,000 78,425
Statement of Retained Earnings For the Year Ended December 31,2009 Retained earnings,Dec.31,2009 Add:Net income Less:Dividends Retained earnings,Dec.31,2009 Guitar Universe,INC. Balance Sheet December 31,2009 Assets Cash Marketable securities Accounts receivable 121,100 Less:Allowance for doubtful accounts 8,500 Merchandise inventory Office supplies Prepaid insurance Building and fixtures 1,791,000 Less:Accumulated depreciation 805,000 Land Total assets Liabilities & Stockholders' Equity Liabilities Accounts payable Unearned cusomer deposits Income taxes payable Total liabilities Stockholders' equity Capital stock Retained earnings Unrealized holding gain on investments Total stockholders' equity Total liabilities and stockholders' equity
Cash Marketable securities Accounts receivable Less:Allowance for doubtful Merchandise inventory Office supplies Prepaid insurance Building and fixtures Less:Accumulated depreciati Land Total assets Liabili Liabilities Accounts payable Unearned cusomer deposits Income taxes payable Total liabilities Stockholders' equity Capital stock Retained earnings Unrealized holding gain on Total stockholders' equity Total liabilities and stock
Cash Marketable securities Accounts receivable Allowance for doubtful acco Merchandise inventory Office supplies Prepaid insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned cusomer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on Sales Cost of goods sold Bank service charges Uncollectible accounts expe Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income tax expense
b. Marketable securities 8,500 Unrealized holding gain on investment 8,500 To adjust the balance sheet valuation of markeable securities from $19,000 to the Dec.31 market value of $27,500
c. Uncollectible allowance expense 3,500 Allowance for doubtful accounts 3,500 To record the portion of total accounts receivable estimated to be uncollectible
g. Depreciation expense 5,000 Accumulated depreciation The depreciation of the company's building and fixtures during December
5,000
Stat For the Retained earnings,Dec.31,20 Add:Net income Subtotal Less:Dividends Retained earnings,Dec.31,20
Guitar Universe,INC. Adjusted Trail Balance December 31,2009 Cash Marketable securities Accounts receivable Allowance for doubtful accounts Merchandise inventory Office supplies Prepaid insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned cusomer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on investments Sales Cost of goods sold Bank service charges Uncollectible accounts expense Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income tax expense 42,475 33,500 121,100 8,500 248,650 900 1,791,000 805,000 64,800 70,000 4,800 81,000 1,000,000 240,200 14,500 1,603,200 959,350 225 18,900 395,000 700 13,000 3,600 53,000 81,000 3,827,200 3,827,200