Accounting question and answers for August 07, 2023
- Q Emils son Kaffir suffers from a rare illness. During the last six months of 2018, Emil drove Kaffir to a specialist in another state 15 times. Each trip was 314.5...
- Q A loan is being repaid with 20 payments of $ 1,000 at the end of each quarter. Given that the nominal rate of interest is 8% per year compounded quarterly,...
- Q Please draw a ladder diagram and a PLC program, for a 2 way road that has a pedestrian crossing. Factor in the request of pedestrians and after midnight operations. Could...
- Q Suppose that a government has had several years of general-fund surpluses. Is this necessarily a sign of financial strength?
- Q A credit to Cash will: Multiple Choice A.Increase assets. B. Decrease liabilities. C. Decrease assets. D. Decrease stockholders equity.
- Q Ninon Inc. is into a garment industry. One of Ninon Inc.'s sectors produces t-shirts. The standard cost per t-shirt includes direct materials of $5, direct labor of $0.5, and factory...
- Q examples of business model canvas that can be started with Kshs 250000
- Q A company has recently declared a dividend of 12 cents per share. The share price is $3.72 cumdiv and earnings for the most recent year were 60 cents per share....
- Q Minden Company is a wholesale distributor of premium European chocolates. The companys balance sheet as of April 30 is given below: ...
- Q Murdstone Co TAL... TAL... You've just been accountant the undone Controle dos Servo Motory. There...
- Q If the tax law did not allow farming businesses to deduct soil and water conservation expenditures but required capitalization of these costs, in what year or years would farmers recover...
- Q Companies make strategic investments for several reasons. Which of the following reasons is INCORRECT? 1.to become a part of a different industry 2. to eliminate competition 3. to expand operations...
- Q Provide 4 names of different companies and what competitive strategies they used using the Porter's competitive strategies.
- Q Kara Ries, Tammy Bax, and Joe Thomas invested $26,000, $42,000, and $50,000, respectively, in a partnership. During its first calendar year, the firm earned $359,700. Prepare the entry to close...
- Q What type of process is implemented by management to mitigate risks? A) External Regulations B) Internal Regulations C) Internal Controls D) External Controls
- Q In the TREND2021,2022,2023 column mark one of the following five: GOOD,BAD,UNCERTAIN, Good/Uncertain (G/U), Bad/Uncertain (B/U).
- Q "CVP analysis is subject to a number of underlying assumptions and limitations" Describe Cost Volume Profit analysis in brief and inclusive underlying assumptions.(5marks)
- Q Un fabricante de aviones con una fuerte presencia en los Estados Unidos busca expandir su mercado en el extranjero. Actualmente, la firma vende sus aviones a varias aerolneas en el...
- Q Suggest some factors that could be strengths, weaknesses, opportunities and threats for your business or an organisation that you know well. The following are typical factors for a business. ...
- Q Comparing management accounting with financial accounting, which of the following statements is true? Question 3 options: A. Both use historical costs as their primary unit of measurement. B. Both depend...
- Q On January 2,2021, Athol Company bought a machine for use in operations. The machine has an estimated useful life of eight years and an estimated residual value of...
- Q answer these questions with formulas
- Q Calculate the cost of discounting a $100,000 bankersacceptance it is due in 90 days and is sold at $97.915 ignore bank fees explain step wise
- Q Rekha limited produces 4,000 litres of paints on quarterly basis. Each litre requires 2 kg of raw material. The cost of placing one order for raw material...
- Q El 1 de julio, Shady Creek Resort tom un prstamo de $250,000 en efectivo mediante la firma de un pagar a plazos del 8% a 10 aos que requiere pagos...
- Q Una empresa est considerando comprar una parcela de tierra que originalmente fue adquirida por el vendedor por $97,000. Si bien el terreno se ofrece actualmente a la venta a $...
- Q Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The...
- Q Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market. Apply lower-of-cost-or-market to each inventory item,...
- Q PARI 1 - INTERNAL SOURCES OF FUNDING The management of Yates Motors is considering investing $950,000 to purchase i Hyundar dealership and expand operations in Barrie:...
- Q 1.1.11. Trish Durwood works for a small retail clothing store. She earned $26,000 during the year. Because of a cash flow problem in April,...
- Q Computing and using the CM Ratio [LO1 - CC2, 3) Last month, when Holiday Creations, Inc. sold 50,000 units, total sales were $200,000, variable expenses were 60% of...
- Q E12-23 Analyze, Forecast, and Interpret Both Income Statement and Balance Sheet Following are in income statement and balance sheet of Amazon.com Inc. AMAZON.COM INC. Consolidated Statements...
- Q Which of the following is true regarding business meals and entertainment? a) Business must be discussed during the entertainment b) Country club dues are deductible if the club...
- Q find coat of goods sold ending inventory and gross margin using fifo and weighted average Current Attempt in Progress Soft Touch Company sells leather furniture....
- Q Updates to a time-driven ABC system might be triggered by a. significant shifts in cost estimates b. new fiscal year c. interviews and surveys d. change in top management
- Q Financlal statement analysls can be performed by
- Q From April 1 through October 31, Will County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to...
- Q 2. 2. El estado de resultados de Ronaldo Soccer Shop reporta ventas de $100,000; costo de los bienes vendidos de $46,000, gastos de $ 34,000, gastos de intereses...
- Q Journalize the following transactions for the month of September. Assume this is an accrual company. A company recorded its check #2754 at $98. However, check #2754 was written for $89...
- Q Mo Meek, Lu Ling, and Barb Beck formed the MLB Partnership by making capital contributions of $75,600, $294,000, and $470,400, respectively. They predict annual partnership net income of $498,000 and...
- Q The following data pertain to Colgate Palmolive's liquid filling line during the first 10 months of a particular year. The standard ratio of direct-labor hours to...
- Q What is the most fundamental lesson in which the accounting profession is built off of
- Q Do you think auditors performing a forensic audit are biased towards finding something? How would you recommend auditors recognize and correct for confirmation biases, familiarity biases, or any other biases...
- Q Determine the net cash flow based on the following information: Cash flow provided by operating activities: $400,000 Cash flow used for investing activities: $60,000 Cash flow used for financing activities:...
- Q X Company purchased land from Y Company in exchange of common stocks. X issued 6000 shares of common stocks to Y. The par value per share is $13 and the...
- Q Assume a retailer has fixed costs of $10,000, a unit variable cost of $20, and a 50% retail margin. How many units must...
- Q What happen and related between accounts when compare the current year with previous year , the inventory increase 259.8%, sale return increase 159%, reserve in inventory obsolescense decrease...
- Q Required information [The following information applies to the questions displayed below.] Following is information on an investment in a manufacturing machine. The machine has...
- Q Required information The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit...
- Q 1. Expenses incurred by not-for-profit organizations should be reported as A. Decreases in one of the three categories of net assets. B. Decreases in net assets with donor restrictions. C....
- Q On July 1, 2016, Harold paid $10,000 for a ten-year bond with a stated interest rate of 5%, payable annually on July 1. On April 1, 2017, 274 days after...
- Q make sure complete all parts Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses a process cost system to record the costs...
- Q Hillside issues $1,100,000 of 9%, 15-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. The bonds are issued at...
- Q Un aumento en el nivel de actividad dentro del rango relevante resulta en un/un A. disminucin del costo fijo por unidad. B. costo fijo por unidad sin cambios. C. aumento...
- Q Chuck, a single taxpayer, earns $48,000 in taxable income and $14,500 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: ...
- Q A taxpayer placed 7-year property in service in April 2016. This equipment cost $2,300,000. The taxpayer elects to take the maximum expense allowed under Section 179. This is the only...
- Q Periodic inventory using FIFO, LIFO, and weighted average cost methods The units of an item available for sale during the year were as follows: \table[[Jan.1,Inventory,18 units at $26,$468...
- Q The Bathtub Division of Monty Plumbing Corporation has recently approached the Faucet Division with a proposal. The Bathtub Division would like to make a special "ivory" tub with...
- Q The term float refers to the allowable amount of cash short or over. amount of cash that the operator of a cash register is given to make change. difference between...
- Q 2 The centralized employee Travel Department of Duden Company has expenses of $304,500. The department has serviced a total of 10,500 travel reservations for the period. The South Division has...
- Q 1-types of taxes being applied in Oman and Saudi Arabia under study for example sales tax, municipality tax, tourism tax etc. 2-Handling the taxpayers' objections
- Q Bob Night opened The Generals Favorite Fishing Hole. The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season....
- Q Look at the financial statements excerpted from the Foundation FastTrack and answer the following questions, explaining the reasons and justification for...
- Q The following forecasted sales pertain to Rapid City: Month Sales June $160,000 July 200,000 August 120,000 September ...
- Q The following income statement and selected balance sheet account data are available for Omega, Incorporated, at December 31,2024: OMEGA, INCORPORATED INCOME STATEMENT FOR THE...
- Q Required: Indicate whether each of the following accounts would be reported on the balance sheet or income statement of Home Repair Company. Further, if the account...
- Q Journalize the following transactions for the month of September. Assume this is an accrual company. The owner had sales of $100,000 on account, and $60,000 had been paid by September...
- Q RicosRicos Moving Company specializes in hauling heavy goods over long distances. The company's revenues and expenses depend on revenue-miles, a measure that combines both weights and mileage. Summarized budget data...
- Q Find an article published within the last 18 months that discusses an ethical issue that affected a member or members of the accounting profession. Summarize the article. Include the main...
- Q Shaggy Limited purchased a new van on January 1, Year6. The van cost $20,000. It has an estimated life of five years and the estimated residual value is $5,000. Shaggy...
- Q Which of the following costs is NOT part of manufacturing overhead? (Points : 7) Depreciation for the factory equipment Electricity for the factory Salaries for production supervisors Health insurance for...
- Q Read the case below and answer the questions that follow. Rice Products, Inc. (Rice Products) is a relatively large New York corporation, hoping to be among...
- Q The message is now a picture of the question
- Q Sunland Company borrowed $1650000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-year note required annual payments of $429720 and carried an annual interest...
- Q Palermo Industries has two service departments, Accounting and Cafeteria and three production departments Mixing, Finishing and Packaging. The following table shows the costs incurred at the two service departments, as...
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