Laserwords Inc. is a book distributor that had been operating in its
original facility since 1987. The increase in certification programs and continuing education requirements in several professions
has contributed to an annual growth rate of 15% for Laserwords since 2012. Laserwords’ original facility became obsolete by early
2017 because of the increased sales volume and the fact that Laserwords now carries CDs in addition to books.
On June 1, 2017, Laserwords contracted with Black Construction to have a new building constructed for $4,000,000 on land
owned by Laserwords. The payments made by Laserwords to Black Construction are shown in the schedule below.
Date Amount
July 30, 2017 $ 900,000
January 30, 2018 1,500,000
May 30, 2018 1,600,000
Total payments $4,000,000
Construction was completed and the building was ready for occupancy on May 27, 2018. Laserwords had no new borrowings
directly associated with the new building but had the following debt outstanding at May 31, 2018, the end of its fiscal year.
10%, 5-year note payable of $2,000,000, dated April 1, 2014, with interest payable annually on April 1.
12%, 10-year bond issue of $3,000,000 sold at par on June 30, 2010, with interest payable annually on June 30.
The new building qualifies for interest capitalization. The effect of capitalizing the interest on the new building, compared
with the effect of expensing the interest, is material.
Instructions
(a) Compute the weighted-average accumulated expenditures on Laserwords’ new building during the capitalization
period.
(b) Compute the avoidable interest on Laserwords’ new building. (Round to one decimal place.)
(c) Some interest cost of Laserwords Inc. is capitalized for the year ended May 31, 2018.
(1) Identify the items relating to interest costs that must be disclosed in Laserwords’ financial statements.
(2) Compute the amount of each of the items that must be disclosed.
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Larry Rauzer Purchased 60 000 Of Whole Life What Will The Cash Value Of His Poli 1
/in Uncategorized /by developerLarry Rauzer purchased $60,000 of whole life. What will the cash value of his policy be at the following anniversary dates?
Anniversary dateCash value10 year$53,400$534,000$5,34015 year$9,600$96$96025 year$20,400$2,040$204
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Larson Company On July 15 Sells Merchandise On Account To Stuart Co For 1 000 Te
/in Uncategorized /by developerLarson Company on July 15 sells merchandise on account to Stuart Co. for $1,000, terms 2/10, n/30. On July 20 Stuart Co. returns merchandise worth $400 to Larson Company. On July 24 payment is received from Stuart Co. for the balance due. What is the amount of cash received?
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Lasarev Phpm 524problem Set 4 Week 4 The Following Problems Are Due Next Wednesd
/in Uncategorized /by developerHi there,
I am looking for step by step instructions to verify I did this correctly. It is a Biostats question. If you can provide step by step instructions and tips on why you are doing it one way, vs another, that is what I am looking for.
I am attaching the file. It is the problem titled Normal on the last page.
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Laserlook Is Involved In Producing And Selling High End Golf Equipment The Compa
/in Uncategorized /by developerLaserLook is involved in producing and selling high-end golf equipment. The company has recently been involved in developing various types of laser guns to measure yardages on the golf course. One small laser gun, called LittleLaser, appears to have a very large potential market. Because of competition, LaserLook does not believe that it can charge more than $90 for LittleLaser. At this Price, Determine the target cost for one LittleLaser.InstructionsDetermine the target cost for one LittleLaser.
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Laserwords Inc Is A Book Distributor That Had Been Operating In Its Original Fac
/in Uncategorized /by developerLaserwords Inc. is a book distributor that had been operating in its
original facility since 1987. The increase in certification programs and continuing education requirements in several professions
has contributed to an annual growth rate of 15% for Laserwords since 2012. Laserwords’ original facility became obsolete by early
2017 because of the increased sales volume and the fact that Laserwords now carries CDs in addition to books.
On June 1, 2017, Laserwords contracted with Black Construction to have a new building constructed for $4,000,000 on land
owned by Laserwords. The payments made by Laserwords to Black Construction are shown in the schedule below.
Date Amount
July 30, 2017 $ 900,000
January 30, 2018 1,500,000
May 30, 2018 1,600,000
Total payments $4,000,000
Construction was completed and the building was ready for occupancy on May 27, 2018. Laserwords had no new borrowings
directly associated with the new building but had the following debt outstanding at May 31, 2018, the end of its fiscal year.
10%, 5-year note payable of $2,000,000, dated April 1, 2014, with interest payable annually on April 1.
12%, 10-year bond issue of $3,000,000 sold at par on June 30, 2010, with interest payable annually on June 30.
The new building qualifies for interest capitalization. The effect of capitalizing the interest on the new building, compared
with the effect of expensing the interest, is material.
Instructions
(a) Compute the weighted-average accumulated expenditures on Laserwords’ new building during the capitalization
period.
(b) Compute the avoidable interest on Laserwords’ new building. (Round to one decimal place.)
(c) Some interest cost of Laserwords Inc. is capitalized for the year ended May 31, 2018.
(1) Identify the items relating to interest costs that must be disclosed in Laserwords’ financial statements.
(2) Compute the amount of each of the items that must be disclosed.
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Last Minute Small Assignment Due Today 09 03 17 By 8 00 Est Or Sooner
/in Uncategorized /by developerEASY SMALL ASSIGNMENT AS I DO NOT HAVE VISIO INSTALLED IN MY PC.
Using Microsoft® Visio®, Design a branch office WAN solution that supports remote workers and exhibits redundancy.
Use Insert/Comment or Insert/Text Box to provide a brief explanation of each component.
Reference: 2 branch offices and the data center (full service branch) with a depiction of a remote users using VPN to go through the Internet into the ISP enables MPLS WAN.
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Last Month Central Virginia Power Company Which Had Been Having Trouble With Cos
/in Uncategorized /by developerLast month, Central Virginia Power Company which had been having trouble with cost overruns on a nuclear power plant that it had been building, announced that it was “temporarily suspending payments due to the cash flow crunch associated with its investment program.” The company’s stock price dropped from $28.50 to $25 when this announcement was made. How would you interpret this change in the stock price (that is, what would you say caused it)?
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Last Month When Holiday Creations Inc
/in Uncategorized /by developerLast month when Holiday Creations, Inc., sold 44,000 units, total sales were $282,000, total variable expenses were $236,880, and fixed expenses were $39,300 Estimate the change in the company’s net operating income if it were to increase its total sales by $1,800. (Round your final answer to the nearest whole dollar amount. Omit the “$” sign in your response.).
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Last Month Your Local Coffee Shop Charged 4 For A Cappuccino And Sold 150 Cappuc
/in Uncategorized /by developerLast month, your local coffee shop charged $4 for a cappuccino and sold 150 cappuccinos. This month, it increased the price of a cappuccino to $5 and is on track to sell 120 cappuccinos. Demand is A. elastic B. Inelastic C. Unitary Elastic
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Last Name First Name Student Id 4 In The Circuit Below Five Resistors Ri R2 R3 R
/in Uncategorized /by developerI know how to solve when the system is open but I am confused how to solve this circuit problem when the system is closed.
Last nameFirst nameStudent ID4In the circuit below, five resistors, Ri = R2 = R3 = R4 = R5 = 3 2, are connected to a battery, &=18 V. Assume that the potential at the point A is 0 V. Initially the switch is open. Calculate thefollowing quantities.a) Current IF which goes through theBR, =30point F.MWEb)Potential VF at point F.c)Equivalent resistance Reg.eCurrent Ic which goes through thepoint C.R, =30R. =30e)The total power P consumed bythis circuit.E = 18 VWW..WWWWNow the switch is closed,f) Current IF which goes through theR, =30Ry = 3 0point F.Potential VF at point F.Equivalent resistance Reg.A(OV)FCurrent Ic which goes through theDpoint C.j) The total power P consumed by this circuit.
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