Accounting question and answers for August 19, 2023
- Q please be as clear and as simple as possible. I am trying to understand it. show me the steps, not only the answers. thank you in advance. ...
- Q when must a form 1099 miscellaneous be issued a anytime a business pays an individual for service b if the contractor bills the business $4,000 or more see it's a...
- Q Income from operations for Division M is $120,000, and income from operations before service department charges is $975,000. Therefore: Select one: a. total operating expenses are $855,000 b. total manufacturing...
- Q how can I store as recurring weekly in sage 50
- Q Which of the following losses would be covereo by a commerclal General Liability policy? A. A job applicant falls on a slippery floor on the insured's premises...
- Q On January 1,201, partners Art, Bru, and Chou, who share profits and losses in the ratio of 5:3:2, respectively, decide to liquidate their partnership. The partnership trial balance...
- Q The relevance of the reported asset values is linked (with some exceptions such as cash, investments held to maturity, and land) to their primary recognition such as reported expenses. The...
- Q ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of $2,500 at the end of each of the next...
- Q \ Pina Manufacturing has provided the following comparative financial statements: \table[[\table[[Pina Manufacturing],[Statement of Financial Position],[As at December 31]]],[Assets,2023,2022],[Cash,$629,000,$567,000],[Accounts receivable,74,000,94,000],[Inventory,108,000,71,000],[Prepaid operating expenses,10,000,11,000],[Long term investments,150,000,100,000],[Equipment,615,000,538,000],[Less: Accumulated depreciation,(78,000),(62,000)],[$1,508,000,$1,319,000],[Liabilities and...
- Q required 1,2,3 please ORN 1 0 AL Required information [The following information applies to the questions displayed below) Raner, Harris & Chan...
- Q Calculate ending inventory, cost of goods sold, gross profit using LIFO,FIFO, and Average-Cost. Beginning inv. 41 at $39 Purchase 138 at $42 Sale 113 at $73 Sale Return 13 at...
- Q Suppose a farm is incurring $50,000 a year in fixed costs. Its variable cost is $25,000 per year. How would you recommend whether the farm should operate the farm that...
- Q What type of accounts are closed out at the end of the accounting period? doubtful accounts temporary accounts asset accounts permanent accounts
- Q Which of the following should the audit report for the statutory annual audit of the financial statements of a public company be addressed to? Select one: a. Members of the...
- Q You have a friend that is starting a m[new business and has come to you to ask what business forms are available. What entities or business forms are available for...
- Q Entries for issuing par stock Instructions Chart of Accounts...
- Q James Corporation owns 80 percent of Carl Corporations common stock. During October, Carl sold merchandise to James for $222,500. At December 31, 60 percent of this merchandise remains in Jamess...
- Q Question 2 Regarding the Sheldon Silver. Mr. Silver was convicted and was forced to give up his Assembly seat; however, under NYS law, he gets to keep his NYS pension,...
- Q Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,500 shares have been reacquired. Common...
- Q Garcia Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes in northern New Jersey and southern New York. The company is in...
- Q what are major weakness ministry of health in fiji faced before performance based budgeting system was introduced.
- Q Is the Accounting Equation, by definition, true for any business entity? Do you envision any circumstances under which this equation would ever become imbalanced? Which element of this equation would...
- Q Question 6 2 Points A company issues a $200,000, 5%, six-year note on January 1, 2021. If the monthly payment is $3,220.99, by...
- Q Rover Company sells gourmet chicken feet at $700 each, incurs variable cost per unit of $300, and has a total fixed expense of $50,000. How many units must be sold...
- Q Lajos Company operates a chain of sandwich shops. (Click the icon to view additional information.) (Click the icon to view Present Value of $1 table.) Read the requirements....
- Q please help asap!! Jacoby Sports Medicine, Ine, oflers two types of physical exams for students: the basic physical...
- Q After the last financial crisis, a company is obligated to make additional quarterly payments to an unfunded pension fund during the next 3 years. The future value of those payments...
- Q LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model. The company began operations on January 1, 20Y1, and...
- Q what are the key features of bons? Let's also discuss some of he different types of bonds, including the following: 1. debenture bonds or collateralized bonds 2. callable bonds 3....
- Q On August 31, 2018, Gibson Floral Supply had a $175,000 debit balance in Accounts Receivable and a $7,000 credit balance in Allowance for Bad Debts. During September, Gibson...
- Q The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: 2016 July 1 Issued $39,500,000...
- Q Mark transfers all of the property of his sole proprietorship to a newly formed Baxter Corporation in exchange for all of the Baxter stock. Mark has claimed depreciation on some...
- Q William Bat became a baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, and he is thinking...
- Q Wolford Company borrowed $1,000,000 from U.S. Bank on January 1, 2013 in order to expand its mining capabilities. The five-year note required annual payments of $260,436 and carried an annual...
- Q departments - Refining and Blending. Raw materials are introduced at various points in the Refining Department. The following incomplete Work in Process account...
- Q A parent company purchasd 100% of a subsidiary on 1/1/X1 at a purchase price that was $300,000 in excess of the subsidiarys book value. Of that excess, $200,000 was assigned...
- Q Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co
- Q ou are in the market for a new internet router, thus comparing two different expensive models for your business. You will be using both devices for 10 years....
- Q n which of the following types of firms would it be appropriate to prepare contribution margin reporting and analysis? Select one: a. Boat manufacturing b. A chain of beauty salons....
- Q please show steps. no excel:) Example 1: Applying present worth when useful lives are equal Interest rate: 7% Device A
- Q Financial Ratios for Common Stockholders Henshue Corporation has only common stock outstanding. The firm reported earnings per share of $1.80 for the year. During the year, Henshue paid dividends of...
- Q use specific identification method preparing a perpetual inventory record and journal entries- specific identification method
- Q Problem 15-15 Comprehensive Ratio Analysis [LO15-2, LO15-3, LO15-4, LO15-5, LO15-6] [The following information applies to the questions displayed below.] You have just been hired as a...
- Q PLEASE DO NOT SOLICIT The financial statements of Pouchie Co. included the following information for the year ended December 31, 2010 (amounts in millions): ...
- Q Sarasota Inc. was formed on July 1, 2017. It was authorized to issue an unlimited number of common shares and 100,000 shares of cumulative...
- Q Radar Company sells bikes for $300 each. The company currently sells 3,750 bikes per year and could make as many as 5,000 bikes per year. The bikes cost $225 each...
- Q Enterprises has the following liabilities: Accounts payable $24,000, Accrued staff wages $3,100, Accrued interest $2,600, Commission payable $2,800, Tax payable $6,000, Loan $110,000 (half of which is due in the...
- Q In Worksheet 2-1, we restricted our attention to the non-operative patients and computed a confidence interval for the mean parameter Mnon-op. We obtained an interval [95.5, 98.5]. 1....
- Q Problem 4-7A (Part Level Submission) On...
- Q What are the key features of bonds? Let's also discuss some of the different types of bonds, including hte following. 1. Debenture bonds or collateralized bonds 2. Callable bonds 3....
- Q Based on the Cost of Burgers Sold = 96 x $4.50, allocated Fixed Cost for one working day of $153 and ignoring credit card charges and tips, your Net Income...
- Q Which of the following payroll items is reported on the balance sheet? Multiple Choice Health insurance expense Payroll taxes expense Federal withholding...
- Q Weston Products manufactures an industrial cleaning compound that goes through three processing departments
- Q plz answer asap pline Co has 225.000 shower par value common stock outstanding on April 2020 the compared to ded. The current market of the com...
- Q Sandhill Inc. began business on January 1, 2021. Its pretax financial income for the first 2 years was as follows: 2021 $230,000 2022...
- Q Silver Company makes a product with peak sales in May of each year. Its sales budget for the second quarter is given below: The company estimates...
- Q Weighted Average Process Costing: ...
- Q the costs of storing and delivering finished goods are allocated to the finished goods account True or False
- Q Curious on what Day/Time is best to ask accounting question in need of quick responses. ??
- Q Glen and Kelly have two children, Ben, age 14, and Cody, age 20.The medical expenses and net income for each member of the family for the current year is...
- Q The standard direct labor cost for producing one unit of product is 5.7 direct labor hours at a standard rate of pay of $20. Last month, 16,000 units were produced...
- Q Which of the following is considered a financing activity? Select from the below options: Cash payment of notes payable Cash purchase of a building Cash received from interest on loans...
- Q Blossom Ltd., which has a calendar year end, entered into an equipment lease on June 1, 2020, with GH Financing Limited. The lease term is two years and requires payments...
- Q Journal Entry Issued check # 1118 for $3,275.68 to the Payroll Bank Account in payment of net payroll.
- Q Provide full debits and credits CASH ACCRUAL ...
- Q Superior Company provided the following data for the year ended December 31(all raw materials are used in production as direct materials): ...
- Q A 6-year bond costs $9,000 and will pay a total of $2,700 interest over its lifetime. What is its annual interest rate?
- Q A) Describe the following approaches to adjusting the value of transactions for tax purposes in a transfer pricing environment: Cost plus approach Profit split approach Resale...
- Q A loan with a period of 5 years and with an interest of 5% compounded annually has to be paid an amount of P10,000 on the first year, P11,000 on...
- Q Mayflower Corporation manufactures products on a job-order basis. The job cost sheet for Job #656 shows the following for September: Direct material $5,000 Direct labor hours 100 Direct labor rate...
- Q Milar Corporation makes a product with the following standard costs: Milar Corporation makes a product with the following standard costs: In January the company produced 4,700 units...
- Q Explain the objectives of Public Sector Accounting in relation to Stewardship and Accountability
- Q ! Required information Exercise 7-3(Algo) Reconciliation of Absorption and Variable Costing Net Operating Incomes [LO7-3] [The following information applies to the questions displayed below.] ...
- Q Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $308,000 for November, $328,000...
- Q Solution to question 4 is provided above, please help me with question 6 Pembina Oil Karl Olander runs a large refinery in the Pembina oil field in Drayton Valley...
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