Better Corp. completed the following transactions during Year 2: 1 Purchased land for $11,500 cash.
2 Acquired $38,000 cash from the issue of common stock.
3 Received $77,000 cash for providing services to customers.
4 Paid cash operating expenses of $40,700.
5 Borrowed $23,000 cash from the bank.
6 Paid a $11,500 cash dividend to the stockholders.
7 Determined that the market value of the land purchased in event 1 is $48,000.
Required:
A. Record the transactions In the approprlate general ledger accounts. Record the amounts of revenue, expense, and dividends In the Retalned Earnings column.
B. As of December 31, 2018, determine the total amount of assets, lablities, and stockholders' equity and present this Information In the form of an accounting equation.
C. what is the amount of total assets, liabilities, and stockholders' equity as of January 1, 2019?
BETTER CORPORATION
Accounting Equation for 2018
Event Assets = Liabilities + Stockholders Equity Accouns
Cash + Land Accounts = Notes + Common + Retained Title for
Payable stock Earnings Retained
Earnings
Balance
1/1/2018 22,000 + 32.000 = 13,200 + 8,200 + 32,600
Totals 22,000 + 32,000 = 13,200 + 8,200 + 32,600

The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x. xx%.)

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

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