Question;Please assist me in completing this homework.ThanksShow;computations for each of the following, and clearly show your final answer;using the answer sheet provided.;1.;During 2014, PVP Co. introduced a new product carrying a;two-year warranty against defects. The estimated warranty costs related to;dollar sales are 3% within 12 months following sale and 4% in the second 12;months following sale. Sales and actual warranty expenditures for the years;ended December 31, 2014 and 2015 are as follows;Actual;Warranty;Sales Expenditures;2014 $ 900,000 $10,000;2015 1,000,000 30,000;$1,900,000 $40,000;Show computation for;an estimated warranty liability on 12/31/2015..;2.;To;increase its sales, PVP Co. included a coupon redeemable for a prize in each;package of cereal sold beginning on July 1, 2014. Each prize costs PVP $1.00, and five coupons;must be presented to receive a prize.;PVP estimated that only 50% of the coupons issued would be;redeemed. For the six months ended;December 31, 2014 the following information is available;Packages;of cereal sold;Prizes;purchased;Coupons;redeemed;2,000,000;150,000;500,000;Show computations for the estimated;liability for prize claims outstanding on December 31, 2014.;3.;On;January 2, 2014, PVP Co. issued 6 % bonds with a face value of $400,000 when;the market interest rate was 8 %. The;bonds are due in 10 years, and interest is payable every June 30 and December;31. Use the following present value and;present value annuity tables to select applicable factors.;Present value of an ordinary annuity;of $1;At 3% 10 periods=8.5302;At 4% 20 periods=13.5903;At 6% 10 periods=7.3601;At 8% 10 periods=6.7101;Present value of $1;At 3% 10 periods=0.7441;At 4% 20 periods=0.4564;At 6% 10 periods=0.5584;At 8% 10 periods=0.4632;Show computations to calculate the selling;price of the bond (round your final answer to the nearest dollar).;4.;On January 1, 2014, PVP Corporation had 1,000,000 shares;of common stock outstanding. On March 1, the corporation issued 150,000 new;shares to raise additional capital. On July 1, the corporation declared and;issued a 2-for-1 stock split. On October 1, the corporation purchased on the;market 600,000 of its own outstanding shares and retired them. Compute the;weighted average number of shares to be used in computing earnings per share;for 2014.;5.;On;January 1, 2014, VAP Co issued at par $15,000 of its 5% bonds, convertible into;1,000 shares of VAP Co common stock. No;bonds were converted during 2014.;Throughout 2014;VAP Co had 1,500 shares of common stock outstanding. The net income for 2014 was $18, 000. VAP Co tax rate is 35%.;No;potentially dilutive securities other than the convertible bonds were;outstanding during 2014. Show;calculations to determine VAP Co diluted earnings per share for 2014.
Paper#39686 | Written in 18-Jul-2015Price : $27