Questions from Accounting Principles

Q: A company is considering three alternative investment projects. Accounting rate of

A company is considering three alternative investment projects. Accounting rate of return computations are calculated using Excel and are shown below. If the company can choose only one project, which...

Q: Peng Company is considering buying a machine that will yield income of

Peng Company is considering buying a machine that will yield income of $1,950 and net cash flow of $14,950 per year for three years. The machine costs $45,000 and has an estimated $6,000 salvage value...

Q:  Key financial figures for Apple’s two most recent fiscal years follow

 Key financial figures for Apple’s two most recent fiscal years follow. Required 1. What is the total amount of assets invested in Apple in the current year? 2. Wh...

Q: Net present values for three alternative investment projects follow. (

Net present values for three alternative investment projects follow. (a) If the company accepts all positive net present value investments, which of these projects will it accept? (b) If the company c...

Q: A company is considering three alternative investment projects with different net cash

A company is considering three alternative investment projects with different net cash flows. The present value of net cash flows is calculated using Excel and the results follow. a. Compute the net p...

Q: Prepare general journal entries for the following transactions of Green Energy Company

Prepare general journal entries for the following transactions of Green Energy Company. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting R...

Q: Analyze each transaction in QS 2-9 by showing its effects

Analyze each transaction in QS 2-9 by showing its effects on the accounting equation—specifically, identify the accounts and amounts (including + or −) for each transaction.

Q: Prepare compound journal entries for each transaction. a. The

Prepare compound journal entries for each transaction. a. The owner, J. Cruz, invests $6,500 cash and $3,500 of equipment in the company. b. The company acquires $2,000 of supplies by paying $500 cash...

Q: Lawson Consulting had the following accounts and amounts on December 31.

Lawson Consulting had the following accounts and amounts on December 31. Prepare a December 31 trial balance.

Q: Use the information in QS 2-14 to prepare a December

Use the information in QS 2-14 to prepare a December income statement for Lawson Consulting. The company began operations on December 1.