Accounting question and answers for August 03, 2023
- Q Avocado Company has an operating income of $147,150 on revenues of $1,033,000. Average invested assets are $545,000, and Avocado Company has an 8% cost of capital. What is the profit...
- Q Why does management need to evaluate variances and make adjustments?
- Q Patriot Company manufactures flags in two sizes, small and large. The company has total fixed costs of $264,000 per year. Additional data follow....
- Q Some potential e-business customers have security concerns regarding online purchases. What methods are frequently used by e-business vendors to address these concerns? How do these methods attempt to address these...
- Q I NEED ENVIRONMENTAL ANALYSIS IN UBER MARKETING PLAN THE PLACE IS CYPRUSS MAGUSA (FACULTY , MARKET) ITS PROJECT I. ENVIRONMENTAL ANALYSIS THAT CONCLUD The Marketing Environment / 1. Competitive...
- Q Carmelo Fernandez and Bobby Morett formed a partnership, investing $300,000 and $100,000, respectively. Determine their participation in the next year's net income of $250,000 under each of the following independant...
- Q the answer must be clear and need typed answer How would you undertake a sourcing exercise in order to ensure that you select the best supplier for the...
- Q Oriole Company factors $3250000 of its accounts receivables without recourse for a finance charge of 3%. The finance company retains an amount equal to 7% of the accounts receivable for...
- Q I need my journals double checked and help with T-Accounts and Trail Balance spread sheet ...
- Q Pompeii's Pizza has a delivery car that it uses for pizza deliveries. The transmission needs to be replaced and there are several other repairs that need to be done. The...
- Q Coastals balance sheet for a recent year revealed the following information: Current assets $ 700,000 Noncurrent assets 530,000 Noncurrent liabilities 390,000 Stockholders' equity 390,000 Required: Determine the amount of working...
- Q In January 2021 Vega Corporation purchased a patent at a cost of $210,000. Legal and filing fees of $67,000 were paid to acquire the patent. The company estimated a 10-year...
- Q You have been asked to assist the management of Ironwood Corporation in arriving at certain decisions. Ironwood has its home office in Michigan and leases factory buildings in Wisconsin, Minnesota,...
- Q Calculate the per-unit contribution margin of a product that has a sale price of $180 if the variable costs per unit are $45. Contribution margin $ per unit
- Q If the units profuced by the company varies year to uear which depreciat method would be the best choice
- Q Dot has received a special order for 2,400 units of its product at a special price. The product normally sells for $300 and has the following manufacturing costs: Per...
- Q An increase in net working capital represents: a. a cash inflow. b. a cash outflow. c. an increase in fixed assets. d. a decrease in fixed assets.
- Q Crawley Enterprises contributed a total of $4,000 to a qualified retirement plan for its two employees. These amounts are not taxable to the employees in the year that Crawley makes...
- Q What are the factors that shape the culture of an organization? Explain and discuss the four models of culture according to Handy?
- Q A company purchased property for $105,000. The property included a building, equipment and land. The building was appraised at $64,000, the land at $46,000, and the...
- Q Employer contributions for Canada Pension Plan equal contribution amount % of the employee O a.7% O b. 1.68x O c. 100% O d. 33%
- Q describe and critique the budgeting processes that are used for this organization. budgeting, forecasting, forecasting
- Q any asset that is classified as "Level 1" within the Fair Value reporting framework may be considered a "cash equivalent" for purpose of the statement of cash flows. True or...
- Q Types of consumer goods
- Q Cortland Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net cash flows of $100,000....
- Q At 30 June 2023, the board of directors of ABC CO. declared a final dividend of 10c per share on 60 000 ordinary shares. The dividend...
- Q Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $181,000 a year, it is estimated that these employees...
- Q Sawyer Company had the following information for the year: Direct materials used $ 197,600 Direct labor incurred (7,300 hours) $ 253,700 Actual manufacturing overhead incurred $ 275,200 Sawyer Company used...
- Q Please answer correct and detailed Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather,...
- Q Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $52,500 to her employer's qualified pension fund, all...
- Q The Stair Company sells computer parts through a retail store that it operates. The firms comparative income statement and balance sheet for the years 2019 and 2018 are shown below....
- Q Which among the following is a better investment products, bonds, stocks or investment funds? Justify your
- Q Sako Company's Audio Division produces a speaker that is used by manufacturers of...
- Q Question: Jay Patel is planning to open a pizza restraunt ne... Jay Patel is planning to open a pizza restraunt next month in Flora, Alabama. He plans to sell his...
- Q 9. Indicate and explain at least three beneficiation processes that can be implemented at a landfill site to extract value added products from the landfill site. (8 pts)
- Q Which of the following correctly describes retained earnings? Multiple Choice It is the cumulative earnings of a company. It represents the investments by stockholders in a...
- Q The Marine Division of Pacific Corp. has average invested assets of $120,000,000. Sales revenue of $50,280,000 results in an operating income of $9,958,000. The hurdle rate is 6%. 1) Calculate...
- Q 1. Describe how a bank could be harmed if a company seeking a loan did not disclose its contingent liabilities. 2. What ethical tightrope must companies walk when they report...
- Q 1. (2 points) Distinguish between Job costing and Process costing. Also identify how they are related to Product costing
- Q Burnham Industries incurs the following costs for the month: Direct materials $1,800 Direct labor 2,800 Factory depreciation expense 3,400 Factory utilities expense 850 CEO's salary 3,900 A. What...
- Q In the partnership form of business, the owners of a business are called shareholders (Canada) or stockholders (USA). True or False ?
- Q The McCumber Corporation data for the current year: With respect to current liabilities, what would a horizontal analysis report
- Q In a manufacturing business, how does an increase in production volume typically impact the variable cost per unit? Group of answer choices The variable cost per unit becomes a fixed...
- Q Demonstrative evidence is not part of the underlying event; it is created specifically for the trial. True False
- Q During the 2017 tax year, Irma incurred the following expenses: Union dues $244 Tax return preparation fee 150 Brokerage fees for the purchase of stocks 35 Uniform expenses not reimbursed...
- Q Lea Company produces hand tools. Budgeted sales for March are 10,500 units. Beginning finished goods inventory in March is budgeted to be 1,700 units, and ending finished goods inventory is...
- Q What is meant by comparability when discussing financial accounting information? 1. Information has predictive or confirmatory value. 2. ...
- Q Prepare a capital budget for a finance manager at company X. The main portion of the budget will be used on fixed assets. He needs to use these assets with...
- Q Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January 31, 2017: Debit ...
- Q Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current...
- Q Can you assist with filling in the blanks on the chart please.Dominique opened a cupcake bakery, Sweet Bites, in her hometown two years ago.
- Q Financial Statements are generated at the end of an accounting period. Explain the purpose and elements contained within the Income Statement, Balance Sheet, Statement of Owners Equity and Statement of...
- Q 3. Do you think that the course of business law is a course that should be taught in business school or not
- Q Production costs do not include: a.direct materials. b.direct labor. c.variable manufacturing overhead. d.fixed manufacturing overhead. e.All of these choices are production costs.
- Q The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year....
- Q What is an environmental pollution
- Q Donna, age 42 and a single taxpayer, has a salary of $100,000 and interest income of $20,000. What is the maximum amount Donna can contribute to a Roth IRA? In...
- Q Antecedentes: los MS-DRG se utilizan o se reembolsan en el entorno de pacientes hospitalizados como parte del sistema de pago prospectivo para pacientes hospitalizados (IPPS). Solo se puede asignar un...
- Q 21) In activity-based costing, nonmanufacturing costs as well as manufacturing costs may be assigned to products A) True B) False
- Q I need answer for W2 Assignment Week 2 Problem Sets from 978-0-07-802590-7(Fundamental Financial Accounting Concepts 9th Edition) Exercise 2-15A on page 110 Exercise 2-19A on page 111 Exercise 2-27A on...
- Q Search for a Boeing company annual reports for the three most recent years. review the reports and then Calculate the following ratios: Current Ratio, Acid Test Ratio, Accounts Receivable...
- Q ABC has 5,000 options outstanding. Each option gives the option holder the option to buy one share of stock at $8 per share. Assume the market price per share of...
- Q Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote...
- Q On January 1, 2016, Rabb Corp. purchased 80% of Sunny Corp.'s $10 par common stock for 975,000. On this date, the carrying amount of Sunny's net assets was 1,000,000. The...
- Q Serial Problem Business Solutions LO C2, C4, P2 Santana Rey, owner of Business Solutions, decides to diversity her business by also manufacturing...
- Q 1. Which fund reports its operating results in a statement of revenues, expenditures, and changes in fund balances? A. Internal service fund B. Agency fund C. Investment trust fund D....
- Q The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to...
- Q Simmons Inc. applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 250, the only job still in process at the end of...
- Q Do you think that the listed Principles of Digital Development are relevant to you or to everyone
- Q ABC Company produces and sells four products. Information about these products for 2019, the most recent year, appears below: Product A Product B Product C Product D selling...
- Q Record the journal entry to close out that MOH difference by using the direct write-off method. (Credit account titles are automatically indented when the amount...
- Q Required: Based on the following information: Prepare the closing entries for June for Betty Barnes Bakery. Betty Barnes Bakery began business on June 1st. Withdrawals...
- Q ACCRUAL METHOD OF ACCOUNTING IS USED In Year 2, Ms. Lamont, an accrual-basis, calendar-year taxpayer under contract, received a $14,000 advance payment for consulting services to be performed ratably from...
- Q THE FOLLOWING ARE THE FIANACIAL STATEMENTS OF ASAHI INDIA GLASS LTD. Asahi India Glass ...
- Q u. 11-71 Mountain View Co. buys back 3,000 shares of its $10... in View Co. buys back 3,000 shares of its $10 par value...
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