13-47
Name:
Enter appropriate account titles by selecting from the drop-down lists provided in the blue-shaded cells in columns D and E,
and enter the appropriate amounts in the blue-shaded cells in columns H and J.
The word "Wrong" will appear to the lef
15-42
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells.
The word Wrong will appear to the left of incorrect entries.
The essay answer will not be graded.
1.
Computation of lease obligation:
Amount
x
Factor
First payment
Remaining four
16-43
Name:
To enter journal entries, select the appropriate account titles from the drop-down menus provided in the
blue-shaded cells of columns D and E, and enter the appropriate amounts in the blue-shaded cells
of columns G and I. The word "Wrong" will
16-48
Name:
1. Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word Wrong will appear to the left of incorrect entries.
Computation of income tax expense - 2013:
Financial income
Nontaxable revenue
I
17-21
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells.
The word Wrong will appear to the left of incorrect entries.
Employee
Total
Weeks
Vacation
Earned
Total
Weeks
Vacation
Taken
Marci Clark
Bradford Sayer
Sorena Williams
Jonathan B
17- 40
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word "Wrong" will appear to the left of incorrect entries.
Note: No entries are made on United's books for the benefits paid to retirees.
17-20
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word "Wrong" will appear to the left of incorrect entries.
Payroll computations:
Computation of Commissions
Salesperson
Frank
Sally
Tina
Ba
17-35
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells. For the purposes of this work sheet, positive amounts are debits and negative amounts are credits.
The word Wrong will appear to the left of incorrect entries.
MASCARE COMPANY
Pe
16-50
Name:
Enter the appropriate amounts in the blue-shaded cells, or select from the drop-down list.
The word Wrong will appear to the left of incorrect entries.
1.
Supporting calculation:
Before Tax
Rate
Decrease
After Tax
Rate
Decrease
Debit
Credit
Be
16-35
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word Wrong will appear to the left of incorrect entries.
Computation of income tax expense - 2013:
Financial income
Nondeductible expenses
15-25
Name:
To enter the journal entries, select the appropriate account titles from the drop-down menus provided in the blueshaded cells in columns D and E, and enter the appropriate amounts in the blue-shaded cells in columns H and J.
The word "Wrong" w
14-30
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells or select from the drop-down list.
The word Wrong will appear to the left of incorrect entries.
1.
Interest
Payment
Interest
Received
Amortization Schedule
Interest
Revenue
Discou
14-42
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word Wrong will appear to the left of incorrect entries.
1.
Present value of expected future cash flows:
Time of
Date
Payment
Discount
Jan.
14-32
Name:
Enter appropriate amounts/formulas in the blue-shaded cells.
The word Wrong will appear to the left of incorrect entries.
1.
Security
A
B
C
Total
Cost
Fair Value
(12/31/13)
Loss to be recognized
Net income after adjustment
2.
Security
A
B
C
To
13-57
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells.
The word Wrong will appear to the left of incorrect entries.
1.
Computation of number of shares:
Shares Outstanding
Common
Preferred
Net Change
Jan. 2, 2009
Dec. 31, 2009
Jan. 2,
13-58
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down lists.
The word Wrong will appear to the left of incorrect entries.
1.
Number of shares and dollar amount of treasury stock at the beginning of 2013:
15-28
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells.
The word Wrong will appear to the left of incorrect entries.
Computation of lease obligation with bargain purchase option:
x
Amount
Factor
First payment
Remaining four payments
B
14-44
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word Wrong will appear to the left of incorrect entries.
1.
Computation of semiannual interest, Jan. 1, 2012:
x
Face Value
Rate
7% Bonds:
7
15-33
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word "Wrong" will appear to the left of incorrect entries.
1.
Computation of annual lease payment:
Let annual lease payment be R
Factor
$60
18-30
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells.
The word Wrong will appear to the left of incorrect entries.
Basic earnings per share:
Amount
# of Bonds
x
Amount
Shares
=
EPS
=
Diluted EPS
Income before extraordinary items
Ext
18-40
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
Enter the portion of a year as a fraction with an equal sign, such as "=4/12".
The word Wrong will appear to the left of incorrect entries.
Bas
18-33
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word Wrong will appear to the left of incorrect entries.
1.
Is this a simple or complex capital structure?
This is a
2.
capital structure.
21-15
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells.
Enter amounts to be deducted as negative numbers.
The word Wrong will appear to the left of incorrect entries.
Sunnyvale Corporation
Statement of Cash Flows (Indirect Method)
For
21-14
Name:
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Enter amounts to be deducted as negative numbers.
The word Wrong will appear to the left of incorrect entries.
Cash from operations under indirect method
Net income
Depreciation
23-22
Name:
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The word Wrong will appear to the left of incorrect entries.
a.
Accounts Receivable Turnover
Sales
2013
2012
Net receivables:
Beginning of year
End of year
Average receivables [(
23-25
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells, or select from the drop-down list.
The word Wrong will appear to the left of incorrect entries.
Return
on Sales
Company A:
x
Asset
Turnover
=
=
x
=
x
Company A is the
Company B i
23-23
Name:
Enter the appropriate amounts/formulas in the blue-shaded cells.
The word Wrong will appear to the left of incorrect entries. Essay answers will not be graded.
Analysis of Inventory
Gross profit percentage
Inventory turnover - average inventor
23-28
Name:
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The word Wrong will appear to the left of incorrect entries.
1.
Accounts Payable
Total Assets - Property, Plant, and Equip. = Current Assets
Current Assets /
Current Ratio
= Curr
23-26
Name:
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The word Wrong will appear to the left of incorrect entries.
1.
Return on equity:
Common stock, $1 par
Additional paid-in capital
Retained earnings
Total equity
2013
2012
2011
#
23-27
Name:
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The word Wrong will appear to the left of incorrect entries.
Financing
Alternative
d.
$600,000
$280,000
0.78
$600,000
$280,000
$690,000
$1,385,