Delta Market Company United Market Company American Market Company Date Return Return Date Return Return Date Return Return 7/12 -,49 -77 2/8 -.98 -1.36 10/1 .69 33 7/13 .00 .39 2/9 -1.08 -1.36 10/2 .59 .83 7/16 2.30 2.58 2/10 .59 31 10/3 1.29 1.29 7/17 -2.30 -1.98 2/11 .79 4.73 10/6 .29 -3.97 7/18 -2.28 1.18 2/12 -49 -12 10/7 -2.39 -39 7/19 -92 -63 2/15 1.29 3.90 10/8 .69 .69 7/20 -.98 -1.13 2/16 .69 .69 10/9 -.49 -.34 7/23 .80 .46 2/17 -49 -27 10/10 49 -.31 7/24 29 .01 2/18 .49 23 10/13 .00 -29 Given the above information, calculate the cumulathre ab
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- Delta, United, and American Airlines announced purchases of planes on July 18 (7/18), February 12 (2/12), and October 7 (10/7), respectively. Delta United American Market Company Date Return Return Date 7/12 -.42 -.63 2/8 Market Company Return Return -.91 -1.22 Market Company Date Return Return 10/1 .62 .40 7/13 .00 .32 2/9 -1.01 -1.22 10/2 .52 .69 7/16 1.26 1.46 2/10 .52 .32 10/3 1.22 1.22 7/17 -1.26 -1.08 2/11 .72 3.34 10/6 22 -2.58 7/18 -2.21 1.11 2/12 -.42 -.19 10/7 -2.32 -.45 7/19 -.85 -.70 2/15 1.22 2.78 10/8 .62 .62 7/20 -.91 -1.14 2/16 .62 .62 10/9 -.42 -.19 7/23 .73 .53 2/17 -.42 -.22 10/10 42 -.25 7/24 .22 .01 2/18 .42 .30 10/13 .00 -.22 Given the above information, calculate the cumulative abnormal return (CAR) for these stocks as a group. (A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Abnormal returns (R;…What is the correct amount of accounts payable? Delish Company is a wholesale distributor of automotive replacement parts. Initial amounts taken from accounting records on December 31, 2020 are as fallows: Inventory on December 31 based on physical count Accounts payable Sales 1 250 000 1 000 000 9 000 000 A. Parts held on consignment from another entity to Delish, the consignee, amounting to P165 000, were included in the physical count on December 31, 2020,and In accounts payable on December 31, 2020. B. P20 000 of parts which were purchased and paid for in December 2020, were sold in the last week of 2020 and appropriately recorded as sales of P28 000. The parts were included in the physical count on December 31, 2020 because the parts were on the loading dock waiting to be picked up by the customer, C. Parts in transit an December 31, 2020, shipped FOB shipping point on December 28, 2020, amounted to P34 000. The customers received the parts on lanuary 6, 2021. Sales of P40 00 to…The following selected transactions were completed during April between Swan Company and Bird Company:Apr. 2. Swan Company sold merchandise on account to Bird Company, $32,000, terms FOB shipping point, 2/10, n/30. Swan Company paid freight of $330, which was added to the invoice. The cost of the merchandise sold was $19,200.8. Swan Company sold merchandise on account to Bird Company, $49,500, terms FOB destination, 1/15, n/30. The cost of the merchandise sold was $29,700.8. Swan Company paid freight of $710 for delivery of merchandise sold to Bird Company on April 8.12. Bird Company paid Swan Company for purchase of April 2.18. Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise.23. Bird Company paid Swan Company for purchase of April 8.24. Swan Company sold merchandise on account to Bird Company, $67,350, terms FOB shipping point, n/45. The cost of the merchandise sold was $40,400.26. Bird…
- The following selected transactions were completed during April between Swan Company and Bird Company: Apr.2. Swan Company sold merchandise on account to Bird Company, $14,800, terms FOB shipping point, 2/10, n/30. Swan Company paid freight of $330, which was added to the invoice. The cost of the merchandise sold was $9,300. 8. Swan Company sold merchandise on account to Bird Company, $23,000, terms FOB destination, 1/15, n/30. The cost of the merchandise sold was $13,800. 8. Swan Company paid freight of $820 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 18. Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $11,800, terms FOB shipping point, n/45. The cost of the merchandise sold was…The following selected transactions were completed during April between Swan Company and Bird Company: Apr.2. Swan Company sold merchandise on account to Bird Company, $14,800, terms FOB shipping point, 2/10, n/30. Swan Company paid freight of $330, which was added to the invoice. The cost of the merchandise sold was $9,300. 8. Swan Company sold merchandise on account to Bird Company, $23,000, terms FOB destination, 1/15, n/30. The cost of the merchandise sold was $13,800. 8. Swan Company paid freight of $820 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 18. Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $11,800, terms FOB shipping point, n/45. The cost of the merchandise sold was…A VAT-registered business makes a sale of P12,000, inclusive of VAT. The VAT on the sale can be computed as* a. P12,000 x 12%b. P12,000 / 12% c. P12,000 x 12% / 112%d. P12,000 / 12% / 112%
- On December 27, 20x1, YGS Co. received a sale order for a credit sale of goods with selling price of P300,000. The goods were shipped by YGS on December 31, 20x1 and were received by the buyer on January 2, 20x2. The related shipping costs amounted to P200. YGS Co. collected the receivable on January 5, 20x2. If the term of the sale is FOB destination, freight collect, how much net cash is collected on January 5, 20x27The following data pertain to ABC Corporation on December 31, 2022Payroll account - 500,000Treasury bills, due 1/31/23 (purchased 11/2/22) - 300,000Credit memo from a vendor for a purchase return - 20,000Treasury bills, due 3/31/23 (purchased 12/1/22) - 200,000Money order - 30,000Treasury bills, due 1/30/23 (purchased 10/31/22) - 400,000Customer’s check outstanding for 18 months - 50,000Time deposit – 30 days - 200,000Certificate of deposit (due June 30, 2023 acquired December 31, 2022) - 500,000360-day Treasury bills, due 1/31/23 (purchased 11/2/22) - 600,000 Compute the total amount to be included as cash equivalents as of December 31, 2022.the sales ledger and purchase ledger junta ltd as at 31 may 2020. purchase ledger balances as 1 june 2020 $19,420sales ledger balance as 1 june 2020 $28,227purchase journal $210,416sales journal $305,824returns outwards $1,452returns inwards $3,618cheques paid to suppliers $205,751cash paid to supplier $62cheques ans cash received from customers $287,317discount allowed $4,102discount received $1,721contras against purchase ledger $640 1) Sales ledger control2)Puchase ledger control
- The following selected transactions were completed during August between Summit Company and Beartooth Co.:Aug. 1. Summit Company sold merchandise on account to Beartooth Co., $48,000, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was $28,800.2. Summit Company paid freight of $1,150 for delivery of merchandise sold to Beartooth Co. on August 1.5. Summit Company sold merchandise on account to Beartooth Co., $66,000, terms FOB shipping point, n/45. The cost of the merchandise sold was $40,000.9. Beartooth Co. paid freight of $2,300 on August 5 purchase from Summit Company.15. Summit Company sold merchandise on account to Beartooth Co., $58,700, terms FOB shipping point, 1/10, n/30. Summit Company paid freight of $1,675, which was added to the invoice. The cost of the merchandise sold was $35,000.16. Beartooth Co. paid Summit Company for purchase of August 1.20. Summit Company paid Beartooth Co. a refund of $1,800 for defective merchandise in the August 1 purchase.…On November 15 20x1,. Lemon co. ordered merchandise, on an FOB shiping point term, from a foreign entity for 200,000 marks. The merchandise was shipped and invoiced to Lemon on December 10 20x1. Lemon paid the invoice on January 10, 20x2. The spot rates are as follows: Nov. 15, 20x1 P22.4955 December 10, 20x1 P22.4875 December 31, 20x1 P22.4675 January 10, 20x2 P22.4475 Requirement: Provide the journal entries in 20x1 and 20x2The following selected transactions were completed during August between Summit Com- pany and Beartooth Co.: Aug. 1. Summit Company sold merchandise on account to Beartooth Co., $48,000, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was $28,800. 2. Summit Company paid freight of $1,150 for delivery of merchandise sold to Beartooth Co. on August 1. 5. Summit Company sold merchandise on account to Beartooth Co., $66,000, terms FOB shipping point, n/eom. The cost of the merchandise sold was $40,000. 6. Beartooth Co. returned $10,500 of merchandise purchased on account on August 1 from Summit Company. The cost of the merchandise returned was $6,300. 9. Beartooth Co. paid freight of $2,300 on August 5 purchase from Summit Company. 15. Summit Company sold merchandise on account to Beartooth Co., $58,700, terms FOB shipping point, 1/10, n/30. Summit Company paid freight of $1,675, which was added to the invoice. The…