Accounting question and answers for August 07, 2023
- Q On 4 March, Cole company sells offic supplies to a customer for $60000. Terms of the sale are 1/15, n/30. On 10 March the customer returns $5000 of the goods....
- Q Research a firm in the S & P 500 that uses activity-based costing. Answer the following questions: 500 words Present an overall summary of how ABC is used in...
- Q how do i get the average cost
- Q On January 1, 2020, Asher Inc. issued 90 bonds each with a $1,000 face value. The bonds pay interest annually, mature in four years, and have an annual stated rate...
- Q John Madison needs $327,000 in 10 years. How much must he invest at the end of each year, at 6% interest, to meet his needs?
- Q QUESTIONS TO SOLVE : David Hamilton had worked as the senior technician at a large electronics sales and service company for more than...
- Q Cmo se pueden inactivar varias cuentas a la vez? Agregue una columna Inactiva y coloque una X en la columna Vaya a +Nuevo y seleccione Inactivar cuentas ...
- Q ...
- Q Break-Even Sales Currently, the unit selling price of a product is $240, the unit variable cost is $200, and the total fixed costs are $420,000. A proposal is being evaluated...
- Q Zigs Industries had the following operating results for 2015: sales = $25,371; cost of goods sold = $18,091; depreciation expense = $4,115; interest expense = $2,471; dividends paid = $1,707....
- Q Information on Swifty's direct labor costs for the month of August is as follows: What was the standard rate for August? $13.60$14.40$14.04$13.96
- Q Is the Illini Tap liquid? Is the bar solvent? Has the liquidity or solvency position of the bar changed dramatically during 2019? Do any of the liquidity or...
- Q Accounts Payable Accounts Receivable Cash Cost of Goods Sold Dollars Payable to Exchange Dealer Dollars Receivable from Exchange Dealer...
- Q Use the following financial statements and additional information....
- Q On April 17, 2021, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs necessary to prepare the mine for extraction of the...
- Q Budgeting can be seen as a process of planning, monitoring and control.Explain the benefits of budgeting.( 10 marks) please paraphrase do not copy paste
- Q *** NEW ANSWER Think about the accounting courses you have taken to date. Assets, Liabilities, Stockholders Equity are sections in the balance sheet. The auditor must consider each section in...
- Q Charlotte owes Calvin $5,000. Instead of repaying with dollars, Charlotte transfers stock with a fair market value of $5,000 to Calvin in full satisfaction of the debt. Charlotte...
- Q Why did facebook annual net income decline in 2019? Please provide reasons with clear explanation.
- Q Bramble Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per Unit Price Total Balance, 1/1/20 250 $4...
- Q On October 1, Doe Hunting Supplies, a calendar-year company, sold inventory that cost $60,000 for $100,000. The customer signed a six-month, 10 percent note in payment. On December 31, Woods...
- Q Tampa Instrument Company manufactures gauges for construction machinery. The company has two production departments: Machining and Assembly. There are three service departments: Maintenance, Human Resources (HR), and Computer...
- Q Ms. St. Law was given options to buy 200 shares of her employers publicly traded stock at a price of $50 per share two years ago. At the time the...
- Q Can the owner of a small business receive unemployment compensation? Explain. What arguments could be made for raising the upper limits of the SUTA tax rates?...
- Q is there a certain reason why we take the time to write? Does written composition have a function?
- Q Nathan and Diana are husband and wife and have three married children and seven minor grandchildren. For tax year 2018, what is the maximum amount they can give to the...
- Q Chesterfield County had the following transactions. A budget is passed for all ongoing activities. Revenue is anticipated to be $888,750 with approved spending of $583,000 and operating...
- Q For the year ended December 31,2025 , Sheridan Inc. reported the following: What would Sheridan report as total stockholders' equity? $1055200$1027000$1083400$1432000
- Q 48) One-time-only special orders should only be accepted if ________. A) incremental revenues exceed incremental costs B) differential revenues exceed variable costs C) incremental revenues exceed fixed costs D) total...
- Q Which of the following statements is true regarding freight costs? The buyer dictates which party will pay the freight costs. Freight-in is reported by the buyer as an operating expense....
- Q Noogle Inc. issues Restricted Stock Units (RSUs) to the majority of their employees. On January 1, 2021 Noogle issued 2 million RSU's to employees and at the time the current...
- Q Bazley, Inc.'s semimonthly gross payroll is $100,000. Federal income tax withholdings are $23,000. Also withheld are $8,000 for 401(k) contributions. Bazley has a 50% match on its 401(k) plan, and...
- Q The pump power depends on The head pump The velocity of luid the volume of fluid The atmospheric pressure
- Q Select all that apply Which of the following statements are true? Multiple select question. Firms may reacquire their own common shares because they believe they are overvalued at...
- Q On August 1, 2011, Bonnie purchased $16,000 of Huber Co.'s 14%, 15-year bonds at face value. Huber Co. has paid the semiannual interest due on the bonds regularly. On August...
- Q Can business owner deduct meal expenses and entertainment with a new taxation rules after 01.01.2018?
- Q Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $2,660,000. Harding paid $805,000 and issued a note payable for the remainder of the cost....
- Q A subsequent event is an event that occurs after a reporting period, but before the financial statements for that period have been issued or are available to be issued. a)...
- Q Kevan, Jerry, and Dave formed Albee LLC. Jerry and Dave each contributed $245,000 in cash. Kevan contributed the following assets: \table[[,,Basis,\table[[Fair Market],[Value]]],[Kevan:],[Cash,,$15,000,$15,000
- Q What type of firm would use standard costing? What type of firm would not use standard costing?
- Q Qwik Company showed the following balances at the end of its first year: Cash $8,700 Prepaid insurance $9,400 A/R $7,000 A/P $5,800 Notes Payable $9,400...
- Q 1.Why is the budget a far more important document for both governments and notforprots than for businesses? 2.What is meant by interperiod equity, and what is its consequence for nancial...
- Q This Question: 1 pt 1 of 3 (2 complete) Early Start Bakery mass produces...
- Q On January 1, 20X5. Pirate Company acquired all of the outstanding stock of Ship Inc., a Norwegian company, at...
- Q Waller Company paid a $0.143 dividend per share in 2000, which grew to $0.303 in 2012. This growth is expected to continue. What is the value of this stock at...
- Q Pearl Company purchased, on January 1, 2017, as a held-to-maturity investment, $87,000 of the 9%, 5-year bonds of Chester Corporation for $80,569, which provides an 11% return. Prepare Pearls journal...
- Q The fixed-weightings approach to asset allocation A) requires periodic rebalancing of the portfolio to maintain the desired weights. B) is based on an allocation of an equal percentage of the...
- Q Test: Ex Course Grade possib Ironwood Bank is offering a 25-year mortgage with an APR of 6.15% based on monthly compounding. If you plan to borrow $170,000, what will be...
- Q The unqualified opinion audit report for public entities includes which of the following sections and/or paragraphs? Select one: A. auditor information and date B. basis for opinion and discussion of...
- Q Which of the following is the most likely situation that revenues or gains become taxable after they are recognized in financial income? A. subscriptions received in advance...
- Q John Fillmore
- Q An ""equity method"" investment has a beginning balance of $250,000. This investment balance represents 40% of the equity of the investee. If the investee earns $25,000 and pays dividends of...
- Q Walter company has a contribution margin per unit of 20$. If their selling price is 50$ per unit and their break even sales are 8000 units, how much are Walter...
- Q 1. Journalize the following entries using the allowance method of accounting for uncollectible receivables: a. Apr 5: Received $1,000 from the customer, Ida Payulaeder, and wrote...
- Q Ajax uses the high low method of estimating costs. Ajax had total costs of $48800 at its lowest level of activity, when 5300 units were sold. When at its highrst...
- Q I just need help with the Cash Disbursements Journal, Purchases Journal and Sales Journal. I have the Cash Receipts Journal done. GLO701 Based on Problem 7-1A Church Company LO...
- Q Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $125,000. Historical percentage of credit losses is 3%. Allowance for doubtful accounts has...
- Q Brad and Kate received $9,500 for rent from Mike and Janet, who are renting their home in Santa Ana, California. Brad and Kate did not use this property for personal...
- Q METRO TRACk COMPANY Comparative Income Statements For Years Ended December 31, 2017 and 2016 ...
- Q Respond to the following in a minimum of 175 words: What do you feel is the role of a leader within a team? Include examples of leadership you...
- Q Administration, recruitment, time and attendance, training and development, pension administration, employment equity, performance evaluation, compensation and benefit administration, organization management, health and safety, labour relations, and payroll, are A privacy...
- Q On January 1, 2015, a machine was purchased for $108,000. The machine has an estimated salvage value of $7,200 and an estimated useful life of 5 years. The machine can...
- Q Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony...
- Q Goddy Company owns 80% of the common stock of Morris, Inc. In the current year, Goddy reports sales of $10,000,000 and cost of goods sold of $7,500,000. For the same...
- Q Varias cuentas se enumeran a continuacin Obligatorio: enumere las cuentas anteriores que normalmente tendran un saldo acreedor a. Compras Devoluciones y Bonificaciones b. Descuentos de ventas ...
- Q Why does fifo have a higher earnings per share than LIFO ? And why does fifo have a higher ROA than lifo. How is debt to equity affected using fifo...
- Q On January 1,2023, Panther, Incorporated, issued securities with a total fair value of $564,000 for 100 percent of Stark Corporation's outstanding ownership shares. Stark has long supplied...
- Q Tutor, Incorporated (TI) provides instructional services to its customers. TI charges $380 per student. The company expects to serve 1,400 students during the coming year. All of the company's expenses...
- Q I have provided everything Hambelton Ltd issued $3.800,000 of 5% bonds payable on 1 September 20X9 to yield 4%. Interest on...
- Q Timing is an important factor in revenue recognition. Discuss two incentives/pressures faced by a company that might be used as an opportunity to falsify timing in order to recognize revenue...
- Q please help o SpeedCo. Manufacturing manufactures 256GB SD cards (memory cards for mobile...
- Q Analyze, Forecast, and Interpret Income Statement and Balance Sheet Following are the income statement and balance sheet of ADP Inc. DATA PROCESSING INC. Statement of Consolidated Earnings...
- Q Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates? Taxpayer Salary Muni-bond interest...
- Q 46) Qualitative factors ________. A) generally are easily measured in quantitative terms B) are generally irrelevant for decision making C) may include either financial or nonfinancial information D) include customer...
- Q Using the following information, provide the net FUTA tax. Show your calculations (use of Excel preferred but not required). Total...
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