Please guide me on this question

Use the following information to answer the next three questions. Nicholson purchased a piece of equipment on for $60,000. The equipment has an estimated useful life of eight years or 50,000 units of production and an estimated salvage value of $6,000. 26. The amount of depreciation to be recorded for year 2 using the straight-line method of calculating depreciation, is A. $ 7,500. B. $ 6,750. $15,000. $13,500. 27. The amount of depreciation to be recorded for year 1 using the double-declining balance method, is A. $13,500. B. $ 6,000. $15,000. $12,000. 28. The amount of depreciation to be recorded in year 1 using the units-of-activity method and assuming that 6,500 units are produced, is A. $4,680. B. $7,800. $5,200. $7,020. 29. Jones borrowed $960 from the bank, issuing a 12.5%, 4-month promissory note. Assuming that the note is issued and paid in the same accounting period, Jones' entry on the date of payment will include a A. Debit to Notes Payable for $960. Debit to Interest Payable for $40. Credit to Cash for $960. D. Debit to Interest Receivable for $40. 30 On June, 30, 2011, Riddle Corporation issued $500,000 of 8%, 5-year bonds at 100. Interest is payable semi-annually. The journal entry to record the semiannual interest payment on December 31, 2011 would credit Interest Expense for $20,000. Cash for $20,000 Cash for $200,000 Bonds Payable for $500,000. 31. Discount on bonds payable should be reported on the balance sheet of the issuing corporation as a(n A. Direct deduction from the face amount of the bonds payable in the long-term liability section. B. Direct deduction from retained earnings in the stockholders' equity section. Asset. Direct addition to the face amount of the bonds payable in the long-term liability section.32. Bonds with a face value of $10,000 were issued at 97. The Cash account will be debited for $970 $10,097. $10,000. $9,700. 33. The following accounts appear in the ledger of Saphire Corporation on December 31, 2011: Preferred Stock $30,000 Common Stock 60,000 Paid-in Capital in Excess of Par Value, Preferred 7.000 Paid-in Capital in Excess of Par Value, Common 18,000 Retained Earnings 40,000 Treasury Stock 5,000 A balance sheet prepared on December 31, 2011, would report total paid-in capital of $1 15,000 $ 90,000 $155,000. $160,000. 34 If Saphire Corporation has 80,000 shares of common stock authorized, 50,000 shares of common stock issued, and holds 4,000 shares of common stock as treasury stock, the total number of outstanding common shares is A. 34,000. 76,000 46,000. 30,000. 35 The Paid-in Capital in Excess of Par Value account normally is credited in a journal entry to record the issuance of stock when A. The earnings per share of the stock exceeds par value. The number of shares issued exceeds the par value. Stock is sold at an amount greater than par value. The stated value of the capital stock is greater than the par value. 36. What effect will the purchase of treasury stock have on total stockholders' equity? Increase. Decrease. No effect. Cannot determine from the information given. 37. Martinez Corporation has 30,000 shares of $10 par value common stock outstanding. On March 17, the Board of Directors declared a 10 percent stock dividend. Market value of the stock was $13 on March 17. The effect of the declaration and issuance of the stock dividend for Martinez would include a A. Decrease to Cash for $39,000. B. Decrease to Retained Earnings for $39,000. C. Decrease to Retained Earnings for $30,000. D. Increase to Common Stock for $39,000.38. The primary purpose of the statement of cash flows is to provide information A. Regarding the results of operations for a period of time. Regarding a company's financial position at the end of an accounting period. About a company's cash receipts and cash payments during an accounting period. About a company's investing and financing activities. 39. The following data are available for Allen Clapp Corporation: Net income $200,000 Depreciation expense 40,000 Dividends paid 60,000 Gain on sale of land 10,000 Decrease in accounts receivable 20,000 Decrease in accounts payable 30,000 How much is cash provided by operating activities using the indirect method for the statement of cash flows? $240,000 $280,000 $160,000 $220,000 40. The following are data concerning cash received or paid from various transactions for Orange Peels Corporation: Sale of land $100,000 Sale of equipment 50,000 Issuance of common stock 70,000 Purchase of equipment 30,000 Payment of cash dividends 60,000 How much is net cash provided by investing activities in the statement of cash flows? A. $190,000 $120,000 $130,000 $150,000 41. Ibram Corporation had 200,000 shares of $1 par value common stock outstanding. If Ibram announces a 4-for-1 stock split, the par value and number of shares outstanding after the stock split would be: $.25 par; 800,000 shares. $.25 par; 200,000 shares. $1 par; 50,000 shares $1 par; 800,000 shares.Use the following information to answer the next 4 questions. Formulas for ratio calculations are on the last page of this exam. Hasbro, Inc. is a "worldwide leader in children's and family leisure time products and services" with a wide range of toys and games, entertainment offerings, and licensed products. The following information was provided in Hasbro's most recent consolidated financial statements (amounts in thousands): For the Year Ended Dec. 26 2010 Net revenues $ 4,002,161 Cost of sales 1,712,126 Operating profit 587,859 Net earnings 397.752 At Dec. 26 and Dec. 27 2010 2009 Accounts receivable, less allowance for doubtful accounts $ 961,252 $ 1,038,802 Current assets 2,221,049 2,045,032 Total assets 4,093.226 3,896,892 Current liabilities 718,801 815,888 Total liabilities 2,477,806 2,302,120 Total shareholders' equity 1,615,420 1,594,772 42. What is Hasbro's profit margin ratio for 2010? A. 0.1% B. 9.9% C. 14.7% D. 57.2% 43. What is Hasbro's current ratio for 2010? A. $1,502,248 B. 0.3: 1 C. 1.7: 1 D. 3.1 :1 44 What is Hasbro's debt-to-total assets ratio for 2010? A. 60.5% 3. 43.0% C. 39.5% D. 32.4% 45 What is Hasbro's 2010 return on assets? A. 14.36% B. 9.96% C. 9.72% D. 0.10%The following questions test basic math reasoning skills that are used in accounting. Use the following information to answer the next three questions. Future Value of Present Value of Future Value of $1 Ordinary Annuity Present Value of Ordinary of $1 at Periods at 12 Percent of $1 at 12 Percent $1 at 12 Percent 12 Percent 1.120 1.000 0.893 0.893 1.254 2.120 0.797 1.690 1.405 3.374 0.712 2.402 46. A single deposit of $800 made at the beginning period 1 would grow to how much at the end of three years, assuming a 12 percent interest rate? A. $1,254 $ 896. $1,124. $2,699. 47. If an accumulation of $500 is desired at the end of three years, what amount must be deposited now to accomplish that goal, assuming a 12 percent interest rate? A. $148 $356 $446. $268. 48. A deposit of $200 made at the end of each year for three years would grow to how much, assuming a 12 percent rate? A. $843 $841 $675 $672. 49. A company has budgeted $328,000 to be used by both the marketing department and the finance department. The marketing department uses cash at the rate of $42,000 per month, which is three times the rate of the finance department. How many months until the budgeted amount is used up? Round all amounts to the nearest tenth. A. 7.8 months B. 5.9 months 2.6 months 6.2 months 50. At the end of a year, a company's net income increased 30%. At the end of the second year, the income decreased 25% from the previous year. What was the percentage change for the two years? A (2.5%) decrease 2.5% increase (5.0%) decrease 5.0% increase51. You just paid $35,640 for a car, including sales tax. The sales tax rate is 8%. What is the pre-tax price of the car? A. $35,640 $32,789 $33,000 $35,355 52. The Ames and Johnson partnership allocates profits and losses 80% to Ames and 20% to Johnson. Smith enters the partnership and receives a 25% share of profits and losses. What share of profits and losses does Ames now share? 80% 70% 55% 60% 53. At the beginning of last year your departmental budget was 40% of the total budget. This year it was 30% of the total budget. What percent did your budget decrease from last year? 25% 10% 12% 33% 54. Johnson Company purchased merchandise with an invoice cost of $90,000. The vendor's terms offered a 4% discount on any part of the invoice paid within 10 days. Johnson Company made a cash payment of $48,000 within the 10 days. How much did Johnson Company still owe after making the payment? A. $42,000 $40,000 $43,920 $40,080 55. In which year was Matrix Connections' highest overall revenue based on these three products? Matrix Connections Ltd Annual Revenue (Million E) 30 25 20 Internet 15 Mobile 10 Landline O 2006 2007 2008 2009 2010 2011 2012 2010 2011 2012 Cannot be determined