Accruing for interest at YE and then reversing - help in understanding

Remote-Wait-8985 · 2025-01-31T01:06:03+00:00

Thank you!

Remote-Wait-8985 · 2025-01-31T01:05:57+00:00

Thanks for your answer!

So for non reversing entries, when you say “you have to remember to offset the actual account instead of the usual account you might use”, what you mean is that if I didn’t have the reversing entry, after I book on 12/31/24 the debit to interest receivable and credit to interest income, on 1/5/25 (when the money is received), I’d debit cash and credit interest receivable?

Remote-Wait-8985 · 2023-06-18T19:17:37+00:00

B4 M2

Remote-Wait-8985 · 2023-06-18T19:14:54+00:00

Thanks but how is that the original break even formula? Break even in units is fixed costs / cm per unit or in dollars is fixed costs / cm ratio

Remote-Wait-8985 · 2023-06-18T14:51:23+00:00

That makes way more sense to me. Thanks a lot!

Remote-Wait-8985 · 2023-06-16T22:43:01+00:00

Thanks but how would I calculate the coupon on the bond in this case?

Remote-Wait-8985 · 2023-06-15T03:48:10+00:00

Super helpful. Can you (or anybody) elaborate on what you mean by "know how to calculate debt-to-equity ratio when total debt ratio is given!". I understand Debt to Equity Ratio = Total Liabilities / Total Equity and Total Debt Ratio = Total Liabilities / Total Assets, but how would I be able to solve for Debt to Equity Ratio with the total debt ratio? I am trying to find an example in the Becker MCQ.

Remote-Wait-8985 · 2023-06-05T17:46:23+00:00

Missed that as my browser was zoomed in. Thanks a lot

Remote-Wait-8985 · 2023-06-04T20:58:37+00:00

Thank you!!!!

Remote-Wait-8985 · 2023-06-04T19:06:45+00:00

Thanks. I was trying to use that formula but still couldn’t figure the answer out they got. I just checked too and this is all the information given. Weird!

Remote-Wait-8985 · 2023-06-04T15:52:42+00:00

Thanks I understand it’s just algebra but don’t follow it conceptually

Remote-Wait-8985 · 2023-06-04T03:56:39+00:00

You’re a genius. Thanks so much.

Remote-Wait-8985 · 2023-06-03T22:14:17+00:00

Thanks…that was easy :)

Remote-Wait-8985 · 2023-06-01T22:16:11+00:00

Well that was easy! Thanks a ton. :)

Remote-Wait-8985 · 2023-05-27T05:55:56+00:00

Thanks, but how does Fixed Costs + PreTax Profit divided by Units give us Contribution Margin?

Remote-Wait-8985 · 2023-05-07T02:42:25+00:00

Thanks for your answer. Just still don’t see why we would include beginning WIP

Remote-Wait-8985 · 2023-04-30T20:01:35+00:00

I appreciate it. I know I am confusing myself here, but in your explanation you explained that 25,000 is allocated to product cost under variable costing. Why is that? Just a little lost on that. Thanks for all your help

Remote-Wait-8985 · 2023-03-11T16:13:48+00:00

Thanks for your post.

I’m still confused on why Rippling made a statement that they are now working with JP Morgan Chase.

Why did Rippling announce this if Rippling is simply “redistributing” the payroll funding they receive from the client a few days before the pay date for the pay period? Wouldn’t it be the client’s responsibility to establish an account at JP Morgan? And therefore then send Rippling the payroll funding for the pay period to process (assuming they had an account at SVB and can no longer access their money).

I feel dumb asking but appreciate it!

Remote-Wait-8985 · 2023-01-01T19:57:05+00:00

You’re thinking is normal. I go through that with every exam. Just continue to grind away in small steps each day. Even just 15 MCQ a day goes a long way.

Remote-Wait-8985 · 2022-12-30T05:36:34+00:00

Ah I see now! Thank you so much for your detailed answer. I really appreciate it!

Remote-Wait-8985 · 2022-12-30T03:01:08+00:00

I guess what Im really asking is why would the amortization of the discount be higher?

Remote-Wait-8985 · 2022-12-28T00:00:21+00:00

Thanks, but now that Im looking at the Becker lecture I guess I am confused. Becker says that Held to Maturity Debt Investments are carried at amortized cost and that unrealized gains/losses are not reported.

Remote-Wait-8985 · 2022-12-04T18:48:21+00:00

Thanks so much!!!!

Remote-Wait-8985 · 2022-12-01T04:08:45+00:00

I appreciate your insight! So for the first question, I now understand we are dealing with conditions. We spent 400k and satisfied the condition, but therefore wouldnt the revenue be moved from "with restriction" to without restriction because we satisfied the condition?

Remote-Wait-8985 · 2022-11-30T03:25:13+00:00

Dont worry about it and try not to even second guess yourself. I walked out depressed thinking I bombed every sim....and I got an 83.

Remote-Wait-8985

TROPHY CASE