Accounting question and answers for August 17, 2023
- Q Los ingresos W-2 de Betty y su esposo Ronald fueron $43,688 y $41,539, respectivamente. Si Betty y Ronald usan un estado civil de casados que presentan una declaracin conjunta, determine...
- Q Question: Kilmatin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standar... Kilmatin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for...
- Q The result of recording a capital expenditure as a revenue expenditure is an: a. Overstatement of current year's expense b. Understatement of current year's expense c. Understatement of subsequent year's...
- Q 11. When preparing the statement of cash flow, a change in the balance of prepaid expenses would affect: * (3 Points) The investing section...
- Q PART B: Prepare income tax adjustment for the following items (4 MARKS) 1) T Limited accrued $10,000 for annual leave expense in the year ended 30...
- Q 1. Identify those accounts in the periodic system which are not included in the perpetual system. 2.The perpetual system has a cost of goods sold account.Explain why the periodic system...
- Q 37. In May 2011, Cassie acquired a "used" machine for $30,000 to use in her business. The machine is classified as 5 year property. Cassie does not expense the property...
- Q Erin Inc.'s gross income from operations was $500,000 and its operating expenses were $550,000. All its activities qualify as domestic production activities. It also received a $200,000 dividend from a...
- Q ) Briefly explain the main functions of Cost Accounting within the organization. (6 marks)
- Q Thornton Corporation sells products for $34 each that have variable costs of $10 per unit. Thornton's annual fixed cost is $549,600. Required Use the per-unit contribution...
- Q Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 144 $ 162 Accounts receivable, net 214 234 Inventory 248 206 Prepaid...
- Q Instructions: (1) Prepare an Income Statement for the year ended December 31, 2021. The following is Glamour Corporation year-end adjusted trial balance dated December 31, 2021
- Q Si una empresa entrega un bien o un servicio por el cual recibir efectivo en el mes siguiente, lo ms probable es que registre la transaccin como: A....
- Q On May 1, 2024, a company lends $130,000 to one of its main suppliers and accepts a 12 -month. 7% note. Required: Record the acceptance of...
- Q Mike's Sportswear Company, a retailer, had cost of goods sold of $420,000 last year. The beginning inventory balance was $31,000 and the ending inventory balance was $28,000. The company's average...
- Q I am sorry if its blurry I cant do much about it, to me they look decent but i can understand why some would say its blurry, if you can...
- Q n 2015, Jessica compr un nuevo camin pesado por $45,000 para utilizar el 80 % en su empresa unipersonal. El total de millas recorridas incluye 12 000 en 2015, 14...
- Q Maack Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $47,000. If the company's sales for a month are $305,000, what is the...
- Q Describe the concept of goodwill and its treatment in accounting: Explain what goodwill represents in accounting and how it arises from business acquisitions. Discuss the treatment of goodwill...
- Q Using the following data, Garcon Company Pepper Company ...
- Q A company that uses activity-based costing would likely allocate costs from: Multiple Choice A) service departments to production departments. B) service departments to products and services. C) service departments to...
- Q On January 1, 2018, Schmidt Industries purchased a new paint sprayer for $400,000. The salvage value after 5 years is estimated to be $100,000. The sprayer is depreciated by straight...
- Q 2.Assume equal allocation of all non-lumber expenses for each desk (hardware ,salary, benefit, utility, depreciation, etc)It means that for items like salaries you would divide them equally...
- Q Data table Dec 1 Dec 15 Beginning inventory 9 units @ $165 = $1,485 Purchase 5 units @ $166 = $830...
- Q The ability to move from an infromal "reaction" style of management to A formal "proactive" style is one of the primary direct results of
- Q Una empresa compr una camioneta de reparto por $21 800 con un valor de rescate de $2 800 el 1 de septiembre del ao 1. Tiene una vida til estimada...
- Q An event is remotely possible and the related liability is estimable. It will a. be recorded only b. not be recorded or disclosed c....
- Q Please answer the question 13 depreciation on Schedule C and line 18 for Trish Himple 2019 Comprehensive Problem 8-1 Trish Himple owns a retail family clothing store. Please answer the...
- Q La cuenta de inventario de materias primas es: 1. debitado por los costos de la factura y los costos de flete a cargo del comprador. 2. debitado por...
- Q The comparative financial statements for Prince Company are below: Year 2 Year 1 Income statement: ...
- Q Sunland Company has the following data for the weekly payroll ending January 31. Hours Hourly Rate Health Insurance Cumulative Earnings...
- Q Duke and his wife were legally divorced in 2021. After the divorce, duke retained physical custody of their son. Duke received the following amounts from his ex wife, on behalf...
- Q Briggs Corp. has collected the following data concerning its maintenance costs for the past 6 months. | |Units Produced |Total Cost |July |18,090 |$38,132 |August |31,960 |44,672 |September...
- Q If a corporations tax return shows taxable income of $104,000 for Year 2 and a tax rate of 40%, how much will appear on the December 31, Year 2, balance...
- Q Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation. Accounts Receivable $ 41,500...
- Q Fixed costs: Manufacturing $125,000 Marketing 23,000 Administrative 21,000 Variable costs: Manufacturing $115,000 Marketing 30,000 Administrative 43,000 During the year, the company produced 30,000 units and sold 27,000 units of product...
- Q George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2023: Littlechild invested $240,000 cash and...
- Q need help with all of this question. i have the original solved but not with the 30% decrease which makes fixed costs double. if more info is needed i...
- Q Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Incorporated, to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has...
- Q Please help with this accounting projecting. Objective: The purpose of this assignment is to let you see the complexity of budgeting and to develop your spreadsheet skills. Case: Apple...
- Q compute gross profit Complete this question by entering your answers in the tabs below. Compute gross profit assuming (a) 61,000 units are produced and...
- Q BH Wholesalers has a sales budget for December of $800,000. Cost of merchandise sold is expected to be 30% of sales. Sixty percent (60%) of all merchandise is paid for...
- Q On July 1, Year 1, Danzer Industries Inc. issued $37,400,000 of 10-year, 8% bonds at a market (effective) interest rate of 10%, receiving cash of $32,739,152. Interest on the bonds...
- Q Jasper hace un prstamo en efectivo de $81,000, 90 das, 7% a Clayborn Co. La entrada de Jasper para registrar la transaccin debe ser: Opcin multiple Notas...
- Q I need my trial balance to be corrected as I know it does not match and I need a lot of help completing steps 8-11. Record financial data...
- Q Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the Mixing Department, liquid and dry chemicals are blended to form slurry....
- Q Telfer Inc. Reported net income of $2.8 million in 2020. Depreciation for the year was $160,000, account receivable decreased $350,000, and accounts payable decreased $280,000. Compute net cash provided by...
- Q El 8 de junio, Williams Company emiti un pagar de $83,765, 8%, 120 das a nombre de Brown Industries. Suponiendo un ao de 360 das para sus clculos, cul es...
- Q Bright Smile Dental Group started 2018 with Accounts receivable of $134,000 and a credit balance of $9,000 in Allowance for uncollectible accounts. The following information relates to Bright...
- Q Which of these have a remaining balance after the closing process is completed? A. service revenue C. accumulated depreciation. B withdrawals D. depreciation expense.
- Q Fred owns a delivery truck. Which of the following costs assocaited with the truck will be capitalized and depreciated? A. change of oil filters B. normal repair of engine C....
- Q La compaa ABC tiene un precio de venta unitario de $400, costos variables por unidad de $240 y costos fijos de $180 000. Calcule el punto de equilibrio en unidades...
- Q Music is Us., is a popular source of musical instruments for professional and amateur musicians The company's accountants make necessary adjusting entries monthly, and they make all closing entries annually....
- Q There are several assumptions underlie the theories of specialization in international trade. Explain two assumptions namely static and dynamics, and mobility. What are the limitations of these two assumptions? Give...
- Q On January 1, 2020, the ledger of Bramble Company contains the following liability accounts Accounts Payable $51.000 Sales Taxes Payable 9.000 Unearned Service...
- Q Meg Ryan, the bookkeeper of Logan Co., was scheduled to leave on a three-week vacation at 5:00 on Friday. She couldnt get the companys trial balance to balance. At 4:30,...
- Q You have decided to buy a used car. The dealer has offered you two options: (FV of$1, PV of $1, FVA of $1, and PVA of $1). ( Use the...
- Q Residential Assume the lollowing divsional b Zachs, a nabonal manufacturer of lawn-mowing and snow-blowing equipment, segments its business...
- Q Required information [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its...
- Q La siguiente informacin est disponible para la empresa XYZ: Ventas (en unidades) ............... 8,000 unidades Precio de venta .................... $60 por unidad Costos variables ................... $27 por unidad Costos fijos...
- Q Harry's Inc. issued a four-year, $75,000, non-interest-bearing note to a customer on January 1, 2016. Harry also agrees to sell inventory to the customer at reduced rates over a five-year...
- Q Bowers Company purchased merchandise on account from Saunders Corp. for $28,000, terms 110,n30. Bowers returned merchandise with an invoice amount of $5,500 and received full credit. ...
- Q QUESTION TWO Scrutinize in detail the origin of the Zambia Revenue Authority's jurisdiction to impose Income Tax in Zamba
- Q Typical characteristics of pure debt include an unconditional promise to pay, a fixed and reasonable maturity date, market rate of interest and no opportunity to share in the future growth...
- Q (preceding question: Jeremy earned $100,000 in salary and $6000 in interest income during the year. Jeremy has two qualifying dependent children who live with him. He qualifies to file as...
- Q Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only...
- Q In January 2024, Basu Department Store sells a gift card for $60 and receives cash. In February 2024, the customer comes back and spends $30 of the gift card...
- Q Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on the following data: Sales commissions 6% of sales Advertising...
- Q 7. If average inventory was $80,000, sales were $560,000, and cost of goods sold were $480,000 what would be the inventory turnover? a. 6 b. 7...
- Q Differentiate between cash basis and accrual basis in terms of recognizing the following items in: revenue expenses assets liabilities 10 marks
- Q Income Attach Form (s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. If you did not get a Form W-2, see instructions. Attach Sch. B if...
- Q Blossom Co. has a taxable payroll of $1150000. The company is subject to FUTA tax of 6.2% that includes a state contribution rate of 5.4%. However, because of its low...
- Q Statement of Cash Flows 191 5.3 Morgan Bhd closes its accounts on 30 June of each year. Given below are the lists of balances for years x5...
- Q 5.State the advantages that may be derived from a sound system of cost accounting
- Q Orange Inc. issued 26,000 nonqualified stock options valued at $52,000 (in total). The options vest over two years - half in 2016 (the year of issue) and half in 2017....
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!