Business Administration 2257 Study Guide - Midterm Guide: Dividend, Sensitivity And Specificity, 3
10 Dec 2018
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WIP:
记得算 utility，check Exb2. Rent 的building 要记得算 WIP，所有的 depreciation 都要算并
且计入 WIP。FOH 包括 indirect labor(supervisor, manager),factory rent, equipment
depreciation, insurance。
EB=pFOH+pDL+pRM，pFOH=proxy*total FOH
Finish good：TB=GOGAFS EB=GOGAFS/UAFS
Lease：
1.今年买的 Dr. leased-land Cr. Obligation—n=# lease year i=implied borrowing rate,
annual payment, 用n-1 去table2 找present value—annual payment*（1+present value）
2.—年末要算 interest 和depreciation interest=Net obligation*borrowed rate*n/12 Dr
interest expense Cr Interest payable
Depreciation Dr depreciation expense Cr AD
3.interest payment date Dr Lease interest payable(表), Dr Lease interest expense(Net
obligation*borrowed rate*n/12), Dr lease obligation, Cr Cash(表)
4.lease 结束 Depreciation 要记，然后 Dr AD，Cr Asset under lease
Bond：
1.issue bond i=mkt，coupon rate, n 年份，FV。Price of bond—i/2, n*2 PV of the
bond=(face value *Factor from table 1)+(coupon PMT*factor from table 2) Coupon
PMT=FV*coupon rate*0.5—Dr Cash Cr bond payable
2.付interest—Dr interest expense (bond carrying amount 上一次 payment 后的价格*mkt
interest*n/12)
Dr bond payable 或Cr bond payable, Cr Cash/Bond interest payable( FV* Coupon rate*n12)
3.retirement of bond—先记 interest（记得*#of retirement）， 再算 book value 和花多少钱
买的比较 Dr n% bonds payable Dr/Cr Loss or Gain on sale Cr cash（face value*#%*recall
rate）
4.剩下的 bond 到年末还是有 interest
Stock：
1.用share 换资产 Dr asset Cr common share
2.Cash dividend(先付 prefer)—Declaration Dr Retained Earing, Cr Cash dividend
payable(#of shares*dividend per share)——Payment Dr Cash dividend payable, Cr Cash
3.Stock dividend——Declaration # shares outstanding*%dividend*stock market value as
Declaration Dr Retained earing, Cr Stock dividend distributed(SDD)
Distributed: Dr SDD, Cr common share (都要记得 update# of shares)
4.preferred to common—preferred share(Book value)*(shares converted%)—Dr preferred
share, Cr common share
5.Stock repurchase—Dr common shares(book value*#), Cr Contributed Capital (gain), Cr
Cash(trading price*#)或者 Dr common shares, Dr contributed Capital or Retained Earnings
(loss), Cr Cash
TI bond
1.买bond 要付 interest Dr TI bond (FV*rate), Dr interest receivable=FV*coupon rate*n/12), Cr
cash
2.收回 interest Dr Cash ,Cr bond interest Revenue, Cr bond interest receivable
3.sell bond-Dr Cash, Cr bond interest revenue (face value*coupon rate*n/12*#%sold)
然后 Dr Cash(given), CrTI bond(book value *#%sale), Dr/Cr loss on sale/gain on sale
Document Summary
Wip foh indirect labor(supervisor, manager),factory rent, equipment depreciation, insurance . Obligation n=# lease year i=implied borrowing rate, annual payment, n-1 table2 present value annual payment* 1+present value . 2. interest depreciation interest=net obligation*borrowed rate*n/12 dr interest expense cr interest payable. 3. interest payment date dr lease interest payable( ), dr lease interest expense(net obligation*borrowed rate*n/12), dr lease obligation, cr cash( ) 4. lease depreciation dr ad cr asset under lease. 1. issue bond i=mkt coupon rate, n fv price of bond i/2, n*2 pv of the bond=(face value *factor from table 1)+(coupon pmt*factor from table 2) coupon. 2. interest dr interest expense (bond carrying amount payment *mkt interest*n/12) Dr bond payable cr bond payable, cr cash/bond interest payable( fv* coupon rate*n12) 3. retirement of bond interest *#of retirement book value . Dr n% bonds payable dr/cr loss or gain on sale cr cash face value*#%*recall rate . 1. share dr asset cr common share.
