ACTG 2011 Chapter Notes - Chapter 5-7: Radix, Binary Number, Extended Ascii

ACTG 2011 Chapter Notes - Chapter 5-7: Radix, Binary Number, Extended Ascii

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ITEC 1000 Chapter Notes -Radix Point, Scientific Notation, Radix

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f16 itec1000b assignment #1 - balpreet palha 1. complete the chart below as per the decimal sample provided. 2. convert the binary number 11101111 to decimal by completing the chart below. Using the digit value and binary number the from binary to decimal is done by using the binary number as 1 = yes or 0 = no . If 1 then multiply with the base number with 1, and if 0 then multiply base number with 0. then sum the results. 3. convert the binary number 101101111100110110 to the base system number indicated. Therefore the following conversions were done by grouping and evaluting from right to left. quaternary was done by grouping 2 digits octal was done by grouping 3 digits hexadecimal was done by grouping 4 digits 4. convert the binary number 0. 0011001 to base10 fraction; show your work indicating the values in play; do not convert using a calculator.

Compute the net present value of each potential investment.

Assume thecompany requires a 10% rate of return on its investments. (FV of$1, PV of $1, FVA of $1 and PVA of $1) (Use appropriatefactor(s) from the tables provided.)

A new operating system for an existing machine is expected tocost $600,000 and have a useful life of six years. The systemyields an incremental after-tax income of $235,000 each year afterdeducting its straight-line depreciation. The predicted salvagevalue of the system is $28,800.

A machine costs $460,000, has a $22,700 salvage value, isexpected to last eight years, and will generate an after-tax incomeof $88,000 per year after straight-line depreciation.

harlequinskunk237

B&L Landscapes, Inc. Mini Practice Part2

Bill Graham and Larry Miller incorporated B&L Landscapes,Inc. on July 1, 2014. The business consists of lawn care andsprinkler system installations. In addition, they also sell twotypes of fertilizer.

Bill and Larry are concerned about ensuring a steady supply ofhigh-quality PVC pipe for the sprinkler installations jobs they doand have come up with a plan to issue bonds to several of theirfamily members. These funds will enable them to acquire asignificant portion of the stock of a local PVC manufacturer.

At the end of July, 2015, the company has the following adjustedtrial balance:

B&L Landscapes, Inc.
Adjusted Trial Balance
July 31, 2015
	DEBIT	CREDIT
Cash	$ 47,750
Accounts Receivable	9,500
Allowance for Doubtful Accounts		400
Prepaid Insurance	1,700
Inventory	59,000
Land	8,000
Building	25,000
Accumulated Depreciation - Building		1,350
Equipment	42,500
Accumulated Depreciation - Equipment		7,500
Accounts Payable		11,500
Notes Payable		45,000
Preferred Stock		5,000
Common Stock		30,000
Retained Earnings		92,700
Total	$193,450	$193,450

Not included in the adjusted trial balance are the followingtransactions that occur on July 31, 2015.

B&L Landscapes, Inc. issued $20,000 worth of 5%, 10 yearbonds at face value.

B&L Landscapes, Inc. purchased 30% of the outstanding commonstock of Crestline Pipe, Inc. for $40,000

Instructions:

Using the chart of accounts provided below, and the Exceltemplate provided with this assignment, prepare journal entries, ingood form, to record the issuance of bonds and the investmenttransactions. Start with Page 3 of the GeneralJournal. Explanations are optional. Round all journalentries to two decimal places.

Post the entries to the general ledger provided. You only needto create ledgers for the accounts in Part 1. Record any existingaccount balances as beginning balances using the values from theadjusted trial balance.

Prepare a classified balance sheet for B&L Landscapes, Inc.for July 31, 2015.

On December 15, 2015, Crestline Pipe, Inc. pays a $2,000dividend. Prepare the journal entry, in good form, to recordB&Lâs receipt of their share of the dividend. Record this

on Page 4 of the General Journal. Explanationsare optional.

Crestline Pipe, Inc. reports total net income of $11,500 for theyear ending December 31, 2015.

Record the necessary adjusting journal entries for B&LLandscapes, Inc. investments and bonds on Page 5of the General Journal. Explanations are optional.

B&L Landscapes, Incorporated

Chart of Accounts

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Featured Exercise

Tyler Company uses a process-costing system. Selectedinformation about the Molding Process for December 2010follows:

Units

Beginning work in process, 60% complete as of 12/1/10

100

Transferred in

620

Normal spoilage

Abnormal spoilage

Good units completed and transferred out

550

Ending work in process, 75% complete as of 12/31/10

Conversion costs in beginning inventory

$160,000

Current period conversion costs

$960,000

Spoilage is detected when the units are inspected at the end ofthe process.

a. Using the weighted-average method:

(1) Compute equivalent units of conversioncosts.

(2) Compute conversion costs per equivalentunit.

(3) Compute the conversion costs component of normalspoilage.

(4) Compute the conversion costs component ofabnormal spoilage.

(5) Compute the total conversion costs transferredout to the next process.

(6) Compute the conversion costs component of endingwork in process.

b. Using the FIFO method, repeat part (a). (Horngren178-179)

Horngren, Charles T., Srikant Datar, Madhav Rajan. Student StudyGuide for Cost Accounting. Pearson Learning Solutions, 2015-06-01.VitalBook file.

The citation provided is a guideline. Please check each citationfor accuracy before use.

Select Chart

Present Value

Annual cashflow

Residualvalue

Net presentvalue