Updated for 2017 Contact | support@accnerd.com |


XACC 291 Week 3 - BE10-5, BE10-7, E10-7, E10-9


Need more details? Contact Us for Personal Support


XACC 291 Week 3 Answer Guide

The following ACC 291 accounting study guide is designed to help students taking accounting principles II at the undergraduate level. 

What's Included in the Study Guide?

  • Full Solutions for BE10-5, BE10-7, E10-7, E10-9
  • Responses to Textbook Questions 3, 8, and 17
  • All Work Shown
  • Textbook: Financial accounting: Tools for business decision making
    7th Edition
  • Unlimited Additional Support from ACCNerd Accounting Experts

Preview of Solutions



Cindy Neuer’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Cindy works 47 hours. Cindy’s federal income tax withholding is $95, and she has no voluntary deductions. Compute Cindy Neuer’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 8%.




Gross Earnings  = (16 x 40) + (24 x 7) = $808



Mareska Inc. is considering two alternatives to finance its construction of a new $2 million plant.

(a) Issuance of 200,000 shares of common stock at the market price of $10 per share.

(b) Issuance of $2 million, 8% bonds at par.



The following financial data were reported by 3M Company for 2007 and 2008 (dollars in millions).


Northeast Airlines is considering two alternatives for the financing of a purchase of a fleet of airplanes. These two alternatives are: 

Plus Checkpoint responses to Questions 3, 8, and 17


Get full solutions and tutoring support on the full study guide 

Need additional help? Just shoot us an email or contact us via live chat. Our expert accounting tutors are standing by to help you get better grades.