Accounting question and answers for August 11, 2023
- Q Is this correct ? \table[[DETAILS,UNADJUSTED TRIAL,BALANCE,ADUSTMENTS T,DO BE MADE,ADJUSTED TH,RIAL BALANCE],[,DEBIT $,CREDIT $,DEBIT,CREDIT,DEBIT,CREDIT],[,,,,,,],[CAPITAL,,190000,,,,190000],[MOTOR VEHICLE,140000,,,1050,138950,],[VICTORIA NATIONAL BANK,,260000,,,,260000],[SALES,,520500,,,,520500],[DEE'S FIFTH AVENUE,90500,,,,90500,],[TOM FORD,80000,,,,80000,],[COCO CHANTEL,,35200,,,,35200],[DISCOUNT RECEIVED,,4500,,,,4500],[DISCOUNT ALLOWED,6000,,,,6000,],[WATER EXPENSE,30000,,,,30000,],[COMMISION,,15000,3600,,,18600],[DISPLY CABINETS,150000,,,1125,148875,],[PURCHASES,388700,,,,388700,],[SALARIES,85000,,,6500,91500,],[DRAWINGS,18500,,,,18500,],[SECURITY EXPENSE,25000,,,2500,22500,],[ELECTRICITY EXPENSE,60000,,,,60000,],[SALES...
- Q Consolidation at Date Acquisition, Ownership <100%, FMV>BV. Assume that a parent company acquires a 70% interest in a subsidiary for a purchase price of $1,078,000. The excess of total fair...
- Q Question 5 On January 1,2023 , Sunny Company issued 1,640 of its $20 par value common shares with a fair value of $60 per share in exchange for...
- Q Sunland Company manufactures many products for use in the airline industry. Presented below is information concerning one of its products, the Orbit. \table[[Date,Transaction,Quantity,Price/Cost],[11,Beginning inventory,1,600,$31
- Q KF Services provides Cars' check up its customers. The selling price of each check up is $75 and the variable costs associated are $42,5. The monthly relevant fixed costs are...
- Q Do you feel social media boosts your self-esteem and emotional reliance? Why or why not? what if it's not
- Q A company paid $1.40 in cash dividends per share. Its earnings per share is $3.40, and its market price per share is $30.50. Its dividend yield equals:...
- Q please help me solve this 4 part question Garcia Company can invest in one of two alternative projects. Project Y requires a...
- Q Third Party Apps written for QuickBooks 1. List at least three (3) third party apps that are interesting to you or that you think might assist you in your current...
- Q Use the weighted-average inventory method to calculate the cost of the ending inventory for the inventory table below (Round to the nearest cent as needed.)
- Q eturn on AssetsThe following information was taken from recent Apple Inc. financial statements. Numbers are in millions. 2011 2010 Net Income $25,922 $14,013 Total Assets 116,371 75,183
- Q Wilton sells softball equipment. On November 14, they shipped $4100 worth of softball uniforms to Paola Middle School, terms 2/10, n/30. On November 21, they received an order from Douglas...
- Q nikola0s is an ordainded minister he moved to indanapolis and lives in the nearby furnished parsonage whish is 1,500 square feet his previous role was in washington d.c. the fair...
- Q Hong Kong Health Consultants Company provided dietary service to clients by offering consultation with specialist staff. The budgeting information for the year 2019 is as follows: ...
- Q Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Phoenix Company reports the following fixed budget. It is based...
- Q What is the gross profit mark-up percentage for the year ended 31 December 2020? (a) 253% (b) 72% (c) 170% (d) None of the above 4 Marks Use the following...
- Q Describe the reporting options when there is a material problem identified in the financial statements (i.e., they are not in conformity with GAAP). Also describe the reporting options when there...
- Q On January 1, 2020, ABC Corporation had 990,000 shares of common stock outstanding. on march 1, yhe corporation issue 150,000 new shares to raise additional capital. On May 1, the...
- Q 1 Transaction Analysis Chart for each transaction 2 Detail each transaction in the Expanded Accounting Equation. 3 Write journal entries for each transaction. 4 Post the journal entries to...
- Q The income statement of Dolan Corporation for 2020 included the following items: Interest revenue $141,000 Salaries and wages expense 210,000 Insurance expense 21,200 The following balances have been excerpted from...
- Q he top part of Ramakrishnan, Inc,s 2015 and 2014 balance sheets is listed below (in millions of dollars). 2015 ...
- Q TThe second answer is wrong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 7 0/3 Which of the following statements is not true? Auditors must obtain an understanding of a client's internal controls over financial reporting. Auditors...
- Q Differentiate between public sector and private sector as regard reporting financial statement.
- Q Acme Inc. has been a C-corporation for several years. Acme has a 12/31 tax year. On 5/1/2018, Acme decides to elect to be treated as an S-corporation. What is the...
- Q 18. The following Trial Balance has been extracted from the books of Hamza Eliwa, 18. The following Trial Balance has been extracted from the books of Hamza Eliwa
- Q 2) If you invest $499,000 and you have an annual expense of $45,000 in year one which increases by $9,900 each year there after. Annual revenues are $199,000 each year....
- Q During 2013, Tanner Manufacturing expected Job No. 26 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Tanner applied overhead based on direct labor cost. Actual production...
- Q Look for a newspaper announcements where different alternatives are offered for the same kind of product, for examples house or car sales, with different investments, identify the product or service...
- Q Brief Exercise 8-17(Algo) Calculate current ratio and acid-test ratio (LO8-6) Airline Accessories has the following current assets: cash, $103 million; receivables, $95 million; inventory, $183...
- Q Analyse at least 5 results which can be achieved in a process of Logistics Services by using Lean Six Sigma Technique. Your explanation should contain proper examples and...
- Q Data table
- Q Please calculate the projected financial information for 2019E & 2020E. The growth rate is 21%. Revenue 2017A 2018A 2019E 2020E ...
- Q The principles regarding trading securities and available-for-sale securities change as of 12/15/19. Access the "Recently Complete Projects" topic material. Search the "Recently Completed Projects" to locate the summary on the...
- Q Mahmed's company report the long rusted trace Mahmood Company Unadjusted Trial Balance December 31, 2020 Debit Credit Cash 17,500 Accounts receivable 16 000 Office supplies 9.000...
- Q Besito Company, a calendar year, cash basis taxpayer, leases lawn and garden equipment. During December, it received the following cash payments. To what extent does each payment represent...
- Q Which of the following entries would be required to establish a $625 petty cash fund
- Q Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 55 on December 31,...
- Q Tara is 26-year-old individual with an adjusted gross income of $37,000 in Year 1. Tara had the following unreimbursed medical and dental expenses in Year 1: Laser eye surgery $...
- Q ,ere June's budgeted unit sales
- Q Need help with the questions that are wrong please. and thank you Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for...
- Q Cul de los siguientes es cierto con respecto a la relacin entre la razn corriente y la razn de la prueba cida? El ndice actual siempre ser igual o...
- Q The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 365,000 units with revenues of $3,285,000. Total variable costs were budgeted...
- Q 18) If a seller makes an intra-entity sale of a depreciable asset at a price above book value, the sellers beginning Retained Earnings is reduced when preparing each subsequent consolidation....
- Q Case Study 1: Agency & bros is a general partnership business consisting of partners namely: Imran, Fatma, Ahmed, Fareed and Zayed. They have been in the field for...
- Q Can i get expert to review my research paper?
- Q Sal, a lawyer, billed Bob $1,000 for legal services. Bob paid Sal $500 cash and installed a new door for Sals office to settle the remainder of the bill. Bob...
- Q You have a credit card with an APR of 16%. You begin with a balance of $750. In the first month you make a payment of $350 and you make...
- Q Wilbur has been offered a job at a salary that would put him in the 25% marginal tax bracket. In addition to his salary, he would receive health insurance coverage....
- Q 8f. You are developing the policies and procedures in relation to credit sales. What processes would you include in relation to: preparing invoices preparing journal entries for these invoices...
- Q 2. The Post, Inc. transferred $60,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential remits 90% of the factored amount...
- Q The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school...
- Q Anna is a resident of Australia for tax purposes and Sarah is a non-resident of Australia for tax purposes. They are partners in a partnership. Their shares of the partnership...
- Q The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.60 6,300 hours at $10.20 Actual costs What is the direct...
- Q Corporation is considering the purchase of a now piece of equipment. The cost savings from the equipment would result in an annual increase in sh flow...
- Q a company issued 11%, 10 year bonds with a par value of $3,700,000. Interest is paid semiannually. The market interest rate on the issue date was 12% and the issuer...
- Q per unit. The monthly fixed costs associated with making the candies include: costs incurred to product and sell the candies
- Q please solve the whole problem. Question 4: You scan the rest of the questions in this assignment and decide it is time to get...
- Q Skull Company makes snowboards and uses the total cost method in setting product price. Its costs for producing 12,000 units follow. The company targets a 12.0% markup on total...
- Q The total amount of variable costs in the flexible budget for September was: Multiple Choice $198,100 Muliple Choice $198,100 $281,100 $290,000 $298,900 $364,100
- Q Chapter 8 problem 1 Ergo Company has one employee who is paid a salary of $3000 per month. Payroll is processed on the last day of the month...
- Q You are given the following data regarding the costs and payoffs from employer-subsidized child-care arrangements in your 159 person professional services organization. Before offering childcare, employees missed 850 days of...
- Q Capa Corporation is considering the purchase of a new machine costing $169,000. The machine would generate net cash inflows of $43,690 per year for 5 years. At the end of...
- Q 12*. Albertville Inc produces leather handbags. Albertville Inc estimates they will use 3,500 square meters of leather in production in August, and 3,750 square meters of leather in production in...
- Q Your bond has a Coupon Rate of 4.8% and pays quarterly coupons. The bond matures in 8 years. Rates just decreased to 4.3%. Remember Par Value is $1,000. What is...
- Q Pharoah Company's ledger at the end of the current year shows Accounts Receivable of $135,000. (a) If Allowance for Doubtful Accounts has a credit balance of $4,050 in...
- Q This Information Is For Campo Corporation For The Year Ended December 31, 2017. Cash Received From Lenders $20 Cash Received From Customers $65 Cash Paid For New Equipment $30 Cash...
- Q Problem 12-10A Prepare a Statement of Cash Flows; Free Cash Flow [LO12-1, LO12-2, LO12-3] Joyner Companys income statement for Year 2 follows: ...
- Q At December 31, 2017, Hawke Company reports the following results for its calendar year. Cash sales...
- Q Distinguish between basic Economic Order Quantity (EOQ) and Quantity Discount Models. Your answer should be supported with relevant examples and calculations
- Q The liabilities of Sea Corp equal one-third of the total assets, and stockholders equity is $240,000. What is the amount of the liabilities?
- Q Ashley Palmer Clothing, Inc., produces dresses for women. The firm was launched in June 2009 by Ashley Jantz and Amanda Palmer, both graduates of Boston College....
- Q Photocopied documents that substantiate a claim to EIC, CTC/ACTC, or AOTC must be: A. Submitted the tax return B. Shredded when the taxpayer receives their refund . C. Retained...
- Q Annys full retirement age is 66 years and 4 months. Her PIA at full retirement age is $1200. Whats her monthly benefit if she retires early and starts to receive...
- Q Griffin and Rhodes formed a partnership on January 1, 2009. Griffin contributed cash of $120,000 and Rhodes contributed land with a book value of $ 110,000. The partnership assumed the...
- Q A service organization records a receivable at the point of sale of merchandise on account 1. True 2. False
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