• Get now! ACC 206 Week’s 1-5 Assignments Link to ACC 206 Week’s 1-5 Assignments Download ACC 206 Week’s 1-5 Assignments pdf guide Acc 206 Week 5 Assignment Acc 206 Week 5 Assignment Acc 206 Week 5 Assignment Johanna Van Zuiden 1. Basic present value calculations Calculate the present value of the following cash flows, rounding to the nearest dollar: a.      A single cash inflow
  • of $12,000 in five years, discounted at a 12% rate of return. 1.762341683 $6,809.12 12000/1.7623416832 b.     An annual receipt of $16,000 over the next 12 years, discounted at a 14% rate of return. 5.660292125 $90,564.67 16000/5.660 c.      A single receipt of $15,000 at the end of Year 1 followed by a single receipt of $10,000 at the end of Year 3. The company has a 10% rate of return. PVIF 1.1 $13,636.36 PVIF 1.331 $7,513.15 $21,149.51 d.     An annual receipt of $8,000 for three years followed by a single receipt of $10,000 at the end of Year 4. The company has a 16% rate of return. PVIF 2.24589 $17,967.12 PVIF 0.552291 $5,522.91 $23,490.03 2. Cash flow calculations and net present value On January 2, 20X1, Bruce Greene invested $10,000 in the stock market and purchased 500 shares of Heartland Development, Inc. Heartland paid cash dividends of $2.60 per share in 20X1 and 20X2; the dividend was raised to $3.10 per share in 20X3. On December 31, 20X3, Greene sold his holdings and generated proceeds of $13,000. Greene uses the net-present- value method and desires a 16% return on investments. a.      Prepare a chronological list of the investment's cash flows. Note: Greene is entitled to the 20X3 dividend. Year Cfvalue 20x1 $(10,000.00) 20x1 $1,300.00 2.6 $500.00 20x2 $1,300.00 add 1300.00 20x3 $14,550.00 3.1 $500.00 $13,000.00 ACC 206 Week Assignment Please complete the following 5 ACC 206 Week Assignment Please. Show More ACC 206 Week Assignment Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions, such as the exchange of common stock for a building for example, included on a statement of cash flows? How are these noncash transactions disclosed? 2. Classification of activities Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity. a. ________ Received $80,000 from the sale of land. b. ________ Received $3,200 from cash sales. c. ________ Paid a $5,000 dividend. d. ________ Purchased $8,800 of merchandise for cash. e. ________ Received $100,000 from the issuance of common stock. f. ________ Paid $1,200 of interest on a note payable. g. ________ Acquired a new laser printer by paying $650. h. ________ Acquired a $400,000 building by signing a $400,000 mortgage note. 3. Overview of direct and indirect methods Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why. a. Both the direct and indirect methods will produce the same cash flow from operating activities. b. Depreciation expense is added back to net income when the indirect method is used. c. One of the advantages of using the direct method rather than the indirect method is that larger cash flows from financing activities will be reported. d. The cash paid to suppliers is normally disclosed on the statement of cash flows when the indirect method of statement preparation is employed. e. The dollar change in the Merchandise Inventory account appears on the statement of cash flows only when the direct method of statement preparation is used. 4. Equipment transaction and cash flow reporting Dec. 31, 20X4 Dec. 31, 20X3 Property, Plant & Equipment: Equipment 652,000 527,000 Less: Accumulated depreciation -316,000 -341,000 New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. a. Determine the cost and accumulated depreciation of the equipment sold during 20X4. b. Determine the selling price of the equipment sold. c. Show how the sale of equipment would appear on a statement of cash flows prepared by using the indirect method. 5. Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc. revealed the following activity in the company's current accounts: 20X5 20X4 Increase / Decrease) Current assets Cash $55,400 $35,200 $20,200 Accounts receivable (net) 83,800 88,000 -4,200 Inventory 243,400 233,800 9,600 Prepaid expenses 25,400 24,200 1,200 Current liabilities Accounts payable $123,600 $140,600 ($17,000) Taxes payable 43,600 49,200 -5,600 Interest payable 9,000 6,400 2,600 Accrued liabilities 38,800 60,400 -21,600 Note payable 44,000 — 44,000 The accounts payable were for the purchase of merchandise. Prepaid expenses and accrued liabilities relate to the firm's selling and administrative expenses. The company's condensed income statement follows. Interest expense 27,000 230,000 Add: gain on sale of land $160,800 Income before taxes $182,600 Income taxes 36,800 Net income $145,800 Other data: 1. Long-term investments were purchased for cash at a cost of $74,600. 2. Cash proceeds from the sale of land totaled $76,200. 3. Store equipment of $44,000 was purchased by signing a short-term note payable. Also, a $150,000 telecommunications system was acquired by issuing 3,000 shares of preferred stock. a. Prepare the operating activities section of the company's statement of cash flows, assuming use of: 1. The direct method. 2. The indirect method. b. Prepare the investing and financing activities sections of the statement of cash flows. Q: ACC 206 Week 4 Assignment ACC 206 Week 4 Assignment Please complete the following exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. The following information has been extracted from the firm's accounting records: 1. All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2 are: January, 1,500 units,- February, 1,600 units; March, 1,800 units; April, 2,000 units; May, 2,100 units. 2. Management wants to maintain the finished goods inventory at 30% of the following month's sales. 3. Watson uses four units of direct material in each finished unit. The direct material price has been stable and is expected to remain so over the next six months. Management wants to maintain the ending direct materials inventory at 60% of the following month's production needs. 4. Seventy percent of all purchases are paid in the month of purchase; the remaining 30% are paid in the subsequent month. 5. Watson's product requires 30 minutes of direct labor time. Each hour of direct labor costs $7. a. Rounding computations to the nearest dollar, prepare the following for January through March: 1) Sales budget 2) Schedule of cash collections 3) Production budget 4) Direct material purchases budget 5) Schedule of cash disbursements for material purchases Get now! ACC 206 Week’s 1-5 Assignments
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  • Get now! ACC 206 Week’s 1-5 Assignments Link to ACC 206 Week’s 1-5 Assignments Download ACC 206 Week’s 1-5 Assignments pdf guide Acc 206 Week 5 Assignment Acc 206 Week 5 Assignment Acc 206 Week 5 Assignment Johanna Van Zuiden 1. Basic present value calculations Calculate the present value of the following cash flows, rounding to the nearest dollar: a.      A single cash inflow
  • of $12,000 in five years, discounted at a 12% rate of return. 1.762341683 $6,809.12 12000/1.7623416832 b.     An annual receipt of $16,000 over the next 12 years, discounted at a 14% rate of return. 5.660292125 $90,564.67 16000/5.660 c.      A single receipt of $15,000 at the end of Year 1 followed by a single receipt of $10,000 at the end of Year 3. The company has a 10% rate of return. PVIF 1.1 $13,636.36 PVIF 1.331 $7,513.15 $21,149.51 d.     An annual receipt of $8,000 for three years followed by a single receipt of $10,000 at the end of Year 4. The company has a 16% rate of return. PVIF 2.24589 $17,967.12 PVIF 0.552291 $5,522.91 $23,490.03 2. Cash flow calculations and net present value On January 2, 20X1, Bruce Greene invested $10,000 in the stock market and purchased 500 shares of Heartland Development, Inc. Heartland paid cash dividends of $2.60 per share in 20X1 and 20X2; the dividend was raised to $3.10 per share in 20X3. On December 31, 20X3, Greene sold his holdings and generated proceeds of $13,000. Greene uses the net-present- value method and desires a 16% return on investments. a.      Prepare a chronological list of the investment's cash flows. Note: Greene is entitled to the 20X3 dividend. Year Cfvalue 20x1 $(10,000.00) 20x1 $1,300.00 2.6 $500.00 20x2 $1,300.00 add 1300.00 20x3 $14,550.00 3.1 $500.00 $13,000.00 ACC 206 Week Assignment Please complete the following 5 ACC 206 Week Assignment Please. Show More ACC 206 Week Assignment Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions, such as the exchange of common stock for a building for example, included on a statement of cash flows? How are these noncash transactions disclosed? 2. Classification of activities Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity. a. ________ Received $80,000 from the sale of land. b. ________ Received $3,200 from cash sales. c. ________ Paid a $5,000 dividend. d. ________ Purchased $8,800 of merchandise for cash. e. ________ Received $100,000 from the issuance of common stock. f. ________ Paid $1,200 of interest on a note payable. g. ________ Acquired a new laser printer by paying $650. h. ________ Acquired a $400,000 building by signing a $400,000 mortgage note. 3. Overview of direct and indirect methods Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why. a. Both the direct and indirect methods will produce the same cash flow from operating activities. b. Depreciation expense is added back to net income when the indirect method is used. c. One of the advantages of using the direct method rather than the indirect method is that larger cash flows from financing activities will be reported. d. The cash paid to suppliers is normally disclosed on the statement of cash flows when the indirect method of statement preparation is employed. e. The dollar change in the Merchandise Inventory account appears on the statement of cash flows only when the direct method of statement preparation is used. 4. Equipment transaction and cash flow reporting Dec. 31, 20X4 Dec. 31, 20X3 Property, Plant & Equipment: Equipment 652,000 527,000 Less: Accumulated depreciation -316,000 -341,000 New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. a. Determine the cost and accumulated depreciation of the equipment sold during 20X4. b. Determine the selling price of the equipment sold. c. Show how the sale of equipment would appear on a statement of cash flows prepared by using the indirect method. 5. Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc. revealed the following activity in the company's current accounts: 20X5 20X4 Increase / Decrease) Current assets Cash $55,400 $35,200 $20,200 Accounts receivable (net) 83,800 88,000 -4,200 Inventory 243,400 233,800 9,600 Prepaid expenses 25,400 24,200 1,200 Current liabilities Accounts payable $123,600 $140,600 ($17,000) Taxes payable 43,600 49,200 -5,600 Interest payable 9,000 6,400 2,600 Accrued liabilities 38,800 60,400 -21,600 Note payable 44,000 — 44,000 The accounts payable were for the purchase of merchandise. Prepaid expenses and accrued liabilities relate to the firm's selling and administrative expenses. The company's condensed income statement follows. Interest expense 27,000 230,000 Add: gain on sale of land $160,800 Income before taxes $182,600 Income taxes 36,800 Net income $145,800 Other data: 1. Long-term investments were purchased for cash at a cost of $74,600. 2. Cash proceeds from the sale of land totaled $76,200. 3. Store equipment of $44,000 was purchased by signing a short-term note payable. Also, a $150,000 telecommunications system was acquired by issuing 3,000 shares of preferred stock. a. Prepare the operating activities section of the company's statement of cash flows, assuming use of: 1. The direct method. 2. The indirect method. b. Prepare the investing and financing activities sections of the statement of cash flows. Q: ACC 206 Week 4 Assignment ACC 206 Week 4 Assignment Please complete the following exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. The following information has been extracted from the firm's accounting records: 1. All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2 are: January, 1,500 units,- February, 1,600 units; March, 1,800 units; April, 2,000 units; May, 2,100 units. 2. Management wants to maintain the finished goods inventory at 30% of the following month's sales. 3. Watson uses four units of direct material in each finished unit. The direct material price has been stable and is expected to remain so over the next six months. Management wants to maintain the ending direct materials inventory at 60% of the following month's production needs. 4. Seventy percent of all purchases are paid in the month of purchase; the remaining 30% are paid in the subsequent month. 5. Watson's product requires 30 minutes of direct labor time. Each hour of direct labor costs $7. a. Rounding computations to the nearest dollar, prepare the following for January through March: 1) Sales budget 2) Schedule of cash collections 3) Production budget 4) Direct material purchases budget 5) Schedule of cash disbursements for material purchases Get now! ACC 206 Week’s 1-5 Assignments
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