2023-06-28T11:11:31+00:00

Mortgages, interest, accounts payable, and stocks

This paper concentrates on the primary theme of Mortgages, interest, accounts payable, and stocks in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 79. For more details and full access to the paper, please refer to the site.

1) Kananga Company has these obligations at December 31:

(a) A note payable for $100,000 due in 2 years,
(b) A 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments,
(c) Interest payable of $15,000 on the mortgage,
(d) Accounts payable of $60,000.
For each obligation, indicate whether it should be classified as a current liability if not why?

2) Refer to the financial statements of Tootsie Roll Industries and the Notes to Consolidated Financial Statements in Appendix A. Instructions Answer the following questions.
(a) What were Tootsie Roll`s total current liabilities at December 31, 2004? What was the increase/decrease in Tootsie Roll`s total current liabilities from the prior year?
(b) How much were the accounts payable at December 31, 2004?
(c) What were the components of total current liabilities on December 31, 2004 (other than accounts payable already discussed above)? See attachment

3) Chapter 11: Ethics Case: BYP11-10
BYP11-10 Greenwood Corporation has paid 60 consecutive quarterly cash dividends (15 years). The last 6 months have been a real cash drain on the company, however, as profit margins have been greatly narrowed by increasing competition. With a cash balance sufficient to meet only day-to-day operating needs, the president, Gil Mailor, has decided that a stock dividend instead of a cash dividend should be declared. He tells Greenwood`s financial vice-president, Vicki Lemke, to issue a press release stating that the company is extending its consecutive dividend record with the issuance of a 5% stock dividend. "Write the press release convincing the stockholders that the stock dividend is just as good as a cash dividend," he orders. "Just watch our stock rise when we announce the stock dividend; it must be a good thing if that happens."
Instructions
(a) Who are the stakeholders in this situation?
(b) Is there anything unethical about president Mailor`s intentions or actions?
(c) What is the effect of a stock dividend on a corporation`s stockholders` equity accounts?
Which would you rather receive as a stockholder?a cash dividend or a stock dividend?
Why?
4) Valentin Zukovsky says that liquidity and solvency is the same thing. Is he correct? If not, how do they differ?
5) Chapter 11: Internet Assignment 11-1 www.staples.com
Locate the company`s most current balance sheet by selecting Corporate Information. Instructions
Answer the following questions:
a. Does the company report preferred stock in its balance sheet? If so, how many shares are currently outstanding?
b. How much common stock does the company report in its most recent balance sheet? What is the par value of each?
c. Does the company report any treasury stock? Has this amount changed since the previous year?


100% Plagiarism Free & Custom Written,
Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

Order Now

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

FLAT 50% OFF ON EVERY ORDER.Use "FLAT50" as your promo code during checkout