Accounting Questions On Share And Bonds Homework Help
- November 1, 2017
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- Category: Accounting QA
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1.In 2011 hardin company had 220000 shares $10 par common stock, march 1 issued 45000 shares at $22, June 1 issued 15% stack dividend, July 1 issued 10000 at $27, Aug 31 2-for-1 stock split reduce par $5, Determine the weighted average number of shares based on the transactions?
2. How to calculate Interest on Bonds on Discount?
3.Presented here are selected transactions for Norlan Inc during September of the current year. Norlan uses a perpetual inventory system. Sold merchandise costing $15,000 to Fischer limited on account for $20,000, terms 2/10, n/30, FOB shipping point. 1. Freight charges of $1000 were paid by the appropriate party on the above transaction. Purchased delivery equipment on account for $28,000, terms n/30, FOB destination. 2. Freight charges of $500 were paid by the appropriate party on the above transaction.Calculate freight charges of each transaction.
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4. How would paying out a $2 million cash dividend affect cash and net working capital?
5.An accounting firm recently stated: “The client’s mean sales per customer is estimated to be between $14.50 and $28.50. Further this estimate is based on a random sample of 100 customers and was computed using 95% confidence. Discuss the appropriateness of this statement. What is the correct interpretation of this confidence interval?
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