Accounting question and answers for August 06, 2023
- Q Why is the after-tax cost of debt rather than the before-tax cost used to calculate the weighted average cost of capital? A. because government impose no tax on corporate debt...
- Q Lean manufacturing philosophy reduces all of the following except a. conversion costs b. lead time c. inventory d. setup time
- Q What tool can you use to incorporate probabilities into the What-If analysis? Margin of Safety Sensitivity analysis Cost-volume-profit (CVP) graph Decision Tables Degree of operating leverage
- Q Nancy and Daniel want to beginsaving toc thet boby college educrtion Thicy ectimhte that they wil need 5127000 in 3 eventeen education? Nancy...
- Q PART 1: Erin needs to buy a used car so that she can drive to class. Sean has a used Audi that hed like to sell. The car is worthless...
- Q Hopper, Inc. Use the information from Hopper, Inc. to answer the following question. 2018 2017 Operating revenues $1,900,000 $1,600,000 Operating...
- Q i want it with formula in excel sheet You have just been hired as a new management trainee by Bahrain Company, a distributor of earrings to various...
- Q Please send send in excel this is all the information of the exercise Exercise 6: With the data given below, prepare the Statement of Financial Situation...
- Q please I need the answer ASAP . Successful Navigating the Turbulent Skies of a Large-Scale ERP Implementation - Harvard Business Case What were the challenges faced by Bombardier,...
- Q If a company pays for its employee's CPA prep course, CPA Exam, and the state filing fees, who is taxable? Is this considered a gift to the employee?
- Q At the break-even point, the margin of safety will be: Select one: a. positive. b. zero. Oo oo c. equal to fixed costs. d. negative
- Q Cul de los siguientes se informar en la subseccin del balance general denominada activo circulante? cuentas por cobrar, cuentas por pagar, ingresos no devengados seguro prepago, suministros, equipo...
- Q Problem: Module 7 Textbook Problem 1 Learning Objective: 7-1 Compute net profit or loss from a sole proprietorship Artichoke, a single individual, operates a service business...
- Q Management could determine the amounts due from customers by examining which ledger account? Accounts Payable ...
- Q Tax Question Answer the green part in a "generally speaking" type manner. Specifics aren't necessary, but try to use a some. Thank you! Assume that Clark, Eric and...
- Q A plan for timing acquisitions of buildings, equipment or other significant assets is a(n):
- Q 8. Identify and describe the management assertions relevant to: (a) inventory and (b) accounts payable. Which assertion(s) is usually the most relevant for each account
- Q year, Water The beginning balance sheet of Water Source Co. included a $300,000 investment in Andy stock (35% ownership, Water has significant influence over Andy). During the Source...
- Q HI! athi it a business had sales of $3,501,000 and a margin of safety of 20%, the break even point was Oa 56,301,200 Ob. 54,201,200 Oc....
- Q Required: Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is...
- Q A lo largo de los aos, la Comisin de Bolsa y Valores (SEC) ha delegado su autoridad legal para establecer principios de contabilidad para empresas que cotizan en bolsa en...
- Q Una empresa con 113,631 acciones autorizadas de $5 acciones ordinarias a la par emiti 47,644 acciones a $13 por accin. Posteriormente, la empresa declar un dividendo en acciones del 2%...
- Q What are some typical controls that affect multiple assertions for long-lived assets?
- Q Ethics is important in both accounting and business. 1 As future managers, why do you think ethics is important?
- Q auditors often find necessary to draw conclusions about the fairness of financial statement assertions based on examinations of samples of the records and transactions. however, a sample result...
- Q WORLDCOM, A failure of Professionalism and Integrity
- Q What is the opinion based on the Treadway Commission? (Seeparagraphs below) Please raise thoughtful questions, analyzingrelevant issues, building on ideas, synthesize across readings anddiscussions, expand the class perspective, and appropriatelychallenge...
- Q Mission Foods produces two flavors of tacos, chicken and fish,with the following characteristics: Chicken Fish Selling price pertaco $ 3.60 $ 5.40 Variable cost per taco 1.80 2.70 Expected sales(tacos)...
- Q Rhone-Metro Industries manufactures equipment that is sold orleased. On December 31, 2021, Rhone-Metro leased equipment toWestern Soya Co. for a noncancelable stated lease term of fouryears ending December 31, 2025,...
- Q Bowman Builders manufactures steel storage sheds for commercialuse. Joe Bowman, president of Bowman Builders, is contemplatingproducing sheds for home use. The activities necessary to build anexperimental model and related data...
- Q StretchInc. manufactures the elastic band that becomes the waistline in apair of yoga pants. The manufacturing costs for the elastic bandalone are presented below. Stretch Inc. receives an offer fromNamaste...
- Q StretchInc. sells both yoga pants and yoga mats. Managers for Stretch areconcerned about their operating losses. They are consideringdropping their yoga mat product line. Operating income by prouctline is shown...
- Q Flynn Industries has three activity cost pools and two products.It expects to produce 2,560 units of Product BC113 and 1,220 ofProduct AD908. Having identified its activity cost pools and thecost...
- Q What is the opinion based on the Treadway Commission? (Seeparagraphs below) Please raise thoughtful questions, analyzerelevant issues, build on ideas, synthesize across readings anddiscussions, expand the class perspective, and appropriatelychallenge...
- Q Note: This problem is for the 2018 tax year. Alfred E. Old andBeulah A. Crane, each age 42, married on September 7, 2016. Alfredand Beulah will file a joint return...
- Q Relevant Range and High-Low Method The following selected datarelate to the major cost categories experienced by Shaw Company atvarying levels of operating volumes. Assuming that all operatingvolumes are within the...
- Q Problem 18-11On July 1, 2017, Nash Construction Company Inc. contracted tobuild an office building for Gumbel Corp. for a total contractprice of $1,890,000. On July 1, Nash estimated that it...
- Q Case 4-4 A Potential Threat to Professional Judgment?Katy Carmichael was just promoted to audit manager in thetechnology sector at PwC. She started at PwC six years ago and hasworked on...
- Q QUESTION 1Below are the financial statements of Purple Panther Ltd.PURPLE PANTHER LTDStatement of Financial Positionas at 31 December 200720072006AssetsCash72,00031,200Accounts receivable43,20033,600Inventory81,60084,000Plant168,000187,200Less: Accumulated depreciation(72,000)96,000(57,600)129,600Total Assets292,800278,400Liabilities and EquityAccounts payable69,60079,200Income tax payable36,00048,000Debentures payable36,00024,000Share capital72,00060,000Retained...
- Q Maria Am Corporation uses the weighted-average method in itsprocess costing system. The Baking Department is one of theprocessing departments in its strudel manufacturing facility. InJune in the Baking Department, the...
- Q Data concerning a recent period’s activity in the AssemblyDepartment, the first processing department in a company that usesthe FIFO method in its process costing, appear below:MaterialsConversionCost of work in process...
- Q GDD are considering investing in a new manufacturing machine.The machine would cost £325,000 and have a useful life of 10 years.The residual value at the end of the 10 years...
- Q 17-16 Equivalent units, zero beginninginventory.Candid, Inc., is a manufacturer of digital cameras. It has twodepartments: assembly and testing. In January 2014, the companyincurred $800,000 on direct materials and $805,000 on...
- Q On December 31, year 0, your company bought a delivery truck for$45,000. The expected useful life is 4 years, with an expectedsalvage value of $15,000. On January 1, year 3,...
- Q Katz buys and sells securities in short-term periods. Thefollowing transactions relate to Katz activity in Dec. of 2014,which has a fiscal year end of Dec. 31. All of the followingsecurities...
- Q January 2—Paid Mass Media $4,200.00 for prepaid advertising inlocal newspapers for thenext 12 months.January 2—Paid Pierce Properties $2,750.00 for January rent. Ofthis amount, 25% is for officefacilities and 75% is...
- Q Equivalent units, zero beginning inventory.Candid, Inc., is a manufacturer of digital cameras. Ithas two departments: assembly and testing. In January 2014, thecompany incurred $800,000 on direct materials and $805,000 onconversion...
- Q Brown Company paid cash to purchase the assets of Coffee Companyon January 1, 2019. Information is as follows:Total cash paid $2,990,000Assets acquired:Land $600,000Building $600,000Machinery $500,000Patents $600,000The building is depreciated using...
- Q How are partnership ratios determined when a new partner entersa partnership for a percentage greater than what they contributed?How are the liabilities of a partnership allocated when apartnership is liquidated?
- Q What was the greek debt crisis and factors triggered thiscrisis
- Q Francine’s Fast Deliveries, Inc. (FFD) was organized in Decemberof 2011. It had limited activity in 2011. The resulting balancesheet at the beginning of 2012 is provided below:Francine’s Fast Deliveries, Inc.Balance...
- Q What is the best answer for those questions?1. What is the objective of financial statement analysis?2. Explain why and how financial statements are useful fordecision-making.3. What are some of the...
- Q Production Budget and Direct Materials Purchases BudgetsPeanut Land Inc. produces all-natural organic peanut butter. Thepeanut butter is sold in 12-ounce jars. The sales budget for thefirst four months of the...
- Q Frieda Falcon Fine Furniture produces elegant, high quality,hand-crafted wood furniture. The company is well knownfor its superior craftsmanship. The company had thefollowing results during its most recent fiscal year:Coffee TablesEnd TablesLampsTotalsUnits 1,700 2,300 2,000 6,000Sales Revenue$ 2,125,000$ 2,070,000$ 280,000$ 4,475,000Variable...
- Q In order to accurately calculate an employee's pay, it isimportant that payroll clearly understands the different types ofemployee remuneration. In your own words, list and define the fourcategories of employment...
- Q Internal control relates to an organization’s achievement ofobjectives in three major categories. Which of the following bestpairs one of the categories with a specific example?Effectiveness & efficiency of operations, fulfilling...
- Q Thefarm has a dent to quit a ratio of .5 the cost of equity is 22% andit's cost of the debt is 16% if the corporate tax rate is .40...
- Q Explain how ASU 2016-1 affect congruence between GAAPand IFRS
- Q Explain which governmental entitles are required toreport financial information
- Q Facts:A Big Company (ABC) is one of several corporations ownedentirely by XYZ corporation. XYZ is publicly traded on a stockexchange. ABC makes an over-the-counter vitamin pill that has beenvery popular...
- Q Explain the concept of inflation. How it affects thelender or borrower depending on if inflation is rising ordeclining
- Q Make-or-Buy Decision for a Service CompanyThe Theater Arts Guild of Dallas (TAG-D) employs five people inits Publication Department. These people lay out pages forpamphlets, brochures, magazines, and other publications for...
- Q Green pastures is a 400 acre farm on the outskirts ofthe Kentucky bluegrass,specializing in the boarding of broodmaresand their foals. A recent economic downturn in the thoroughbredindustry has led to...
- Q Marcelino Co.'s March 31 inventory of raw materials is $80,000.Raw materials purchases in April are $500,000, and factory payrollcost in April is $363,000. Overhead costs incurred in April are:indirect materials,...
- Q Froya Fabrikker A/S of Bergen, Norway, is a small company thatmanufactures specialty heavy equipment for use in North Sea oilfields. The company uses a job-order costing system that appliesmanufacturing overhead...
- Q Internet Case 20.4 – Using the SEC EDGARDatabase(MUST POST FIRST) Initial Post – As an employee, writean internal memo to your manager addressing thefollowing:Visit the home page of The Securities...
- Q Pittman Company is a small but growing manufacturer oftelecommunications equipment. The company has no sales force of itsown; rather, it relies completely on independent sales agents tomarket its products. These...
- Q Hello, this is a TAX question regarding deferredcompensation.What is a highly compensated person under ERISA (thequalified deferred compensation rules)? Why is that definitionsignificant and how is it applied?
- Q Farmers Technology is a software company based in New Baden. OnJanuary 1, 2017, the company granted 20,000 shares of restrictedstock to its CEO. The restricted stock had a par value...
- Q The voters of the City of Monroe approved the issuance oftax-supported bonds in the face amount of $4,000,000 for theconstruction and equipping of a new City Jail. Architects were tobe...
- Q Short-term deferrals (prepaids and unearned revenues)are classified as current assets and current liabilities. As such,they are included in working capital.Required:Some argue that deferred liabilities will not be“paid”.1) Why do accountantsinclude...
- Q Accounting: Public Sector AuditingJudge Learned Hand, in discussing "degree of care" inconnection with the standard by which a prudent person is to beheld, said this: "The degree of care demanded...
- Q John Fleming, chief administrator for Valley View Hospital, isconcerned about the costs for tests in the hospital’s lab. Chargesfor lab tests are consistently higher at Valley View than at otherhospitals...
- Q Smith and Jones start a business to build custom bicycles.Smith invests personal funds of $80,000 and Jones invests $70,000.Grandma Smith loans the company $12,000 with the provision it is tobe...
- Q Miller Toy Company manufactures a plastic swimming pool at itsWestwood Plant. The plant has been experiencing problems as shownby its June contribution format income statement below:Flexible BudgetActualSales (5,000 pools)$200,000$200,000Variable expenses:Variable...
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