Accounting question and answers for December 05, 2023
- Q Marigold Company has the following equivalent units of production for July: materials 20000 and conversion costs 15000. Production cost data are: Materials ...
- Q Prepare the Statement of Comprehensive Income of Midway Traders for the year ended 28 February 2021. INFORMATION The trial balance, adjustments and additional information provided below were obtained from the...
- Q Find the inverse Fourier transform of f(w)= (Pi/2)^0.5 for -1
- Q explain in details;e. where should the consolidated worksheet adjustments be posted?? f. is there any difference between consolidated for wholly owned entities and NCI?
- Q Prepare the Statement of Changes in Equity of Camray Traders for the year ended 28 February 2021. The information given below was extracted from the accounting records of Camray Traders,...
- Q C. Nonmonetary exchange. A machine cost $300,000, has annual depreciation expense of $60,000, and has accumulated depreciation of $150,000 on December 31, 2020. On April 1, 2021, when the machine...
- Q Calculate the Charity Deduction for a Corporation given the following: What is the charitable deduction if the taxable income (before considering the charitable deduction) is $1,000,000?
- Q Snazzy Sinas Swirls Sina has just completed his first year of university (most of his classes were related to business administration) and is now in the midst of...
- Q Pell Art Studio. Inc. (PAS) was organized on December 1, Year1, by J. Pell. The corporation will provide art lessons to customers and sell prints and paintings that the business...
- Q Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $98,100. The South Division's divisional segment margin is $44,400 and the...
- Q T has a tax base of $30,000 and pays a tax of $2,500 on the first $25,000 and $750 on the next $5,000. T has an average tax rate of:...
- Q what are the three distinct target markets for drinking water?
- Q Tractor Co? Taxes Tractor Co. is a retailer of farm machinery based in Delaware and is subject to the state's gross receipts tax. Tractor Co. had $2 million...
- Q Evaluate public and nonprofit programs once you has evaluate them after reviewing what you learn apply the concepts from your reading to evaluate performance at five common challenges in public...
- Q Ritchie Manufacturing Company makes a product that it sells for $140 per unit. The company incurs variable manufacturing costs of $78 per unit. Variable selling expenses are $13 per unit,...
- Q Katima Candy CC is a confectionery that manufactures various sweets and candy from syrup. Syrup is the raw materials used in the manufacturing and is purchased in kilograms. No wastage...
- Q A building was constructed last year for Agro Co. for use as a production facility. Construction began on January 1 and was completed on December 31. The payments to...
- Q Flexible Budget for Assembly Department Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two...
- Q Thirty years ago, why did most companies rely mainly upon periodic inventory systems? Group of answer choices Tax laws required physical inventory counts. Theft was an insignificant source of loss...
- Q A refrigerator used by a wholesale warehouse has a cost of $90,000, an estimated residual value of $5,600, and an estimated useful life of 5 years. This information...
- Q James has one share of stock and one bond. The total value of the two securities is $1,222.10. The bond has a YTM of 12.71 percent, a coupon rate of...
- Q AAB and Company is auditing a large publicly traded company. The audit of internal controls over financial reporting has been properly planned and the auditors have already identified controls to...
- Q Auditors often observe the counting of their clients inventories. You are working in the area of inventory with a new assistant on the audit of Jilco Co. The assistant has...
- Q JKL Corporation Ltd reported net operating income before taxation of $1,000,000 for the 31 December 2014. The tax rate was 40%. As of January 1, 2014, 200,000 shares of common...
- Q Raymond is paid $800.00 per week and is paid weekly. This is the only compensation he receives. Please calculate his CPP contributions for his weekly pay. : 46.67 39.67 36.46...
- Q A. $86,440 B. $87,000 C. $86,860 ...
- Q what are the recommendations for an effective tax system
- Q Please help me Question 3 options: On January 1, Year 7, the Vine Company purchased 60,000 of the...
- Q A companys decesion to use fair value option
- Q QUESTION 4: (15) With reference to applicable and relevant law (common law/statutory law) of the Republic of Namibia, and or the rules of the Law society - Mention 15 (fifteen)...
- Q The following information relates to Department Z for the month of July, the sole processing department of Company ABC. 23,000 units (5,000 units from Beginning WIP and 18,000 units started...
- Q the determination of whether a transfer of receivables is a sale
- Q The Overdale plant has two categories of overhead: maintenance and inspection. Costs expected for these categories for the coming year are as follows: Maintenance $120,000 ...
- Q Assume that the external supplier reduced the selling price to $700 per unit of XT86 to the Products Division. The Components Division reduced the price for external customers to $800,...
- Q The management of London Corporation is considering the purchase of a new machine costing $750,000. The company's desired rate of return is 6%. The present value factors for $1 at...
- Q The direct materials budget shows: Desired ending direct materials 52000 pounds Total materials required 70000 pounds Direct materials purchases 65200 pounds ...
- Q The allowance for doubtful accounts is a contra asset account that equals total uncollectible accounts total accounts receivable, total short term assets
- Q Scroll down to complete all parts of this task. Based on the information given for Bistric, allocate the joint processing costs of $800,000 to each of the three product lines...
- Q Martha has a 3-year-old child and pays $10,000 a year in day care costs. Her salary is $45,000. TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES Adjusted Gross Income Applicable...
- Q A married couple received $7,000 of social security benefits. Calculate the taxable amount of those benefits if the couples provisional income is $15,000. Calculate the taxable amount of those benefits...
- Q Use the Table below: Date Particulars Units Unit Cost Selling Price July 1 ...
- Q carrie contributes land with a fmv of $479,000, a basis of $479,000, and a mortgage of $79,000, green and divot both contribute $300,000 cash each. they obtained a...
- Q Which of the following is false regarding predetermined overhead rates? Multiple Choice Predetermined overhead rates are computed in advance so that the cost of jobs can be calculated as they...
- Q 1. who were the auditors of HCA and what opinion did they gave ? 2. what was the first critical audit matter that the auditors discuss ? 3. In...
- Q Generally accepted accounting principles (GAAP) require the use of fair value accounting for all assets and liabilities. True False
- Q Which inventory method generally best follows the matching principle? Select one: a. Average cost b. LIFO c. Whichever method is used for tax purposes d. FIFO
- Q Client: RentaGeny (Pty) Ltd owns various generators which they rent out to customers across Gauteng. The companys year of assessment ends on 28 February 2023. A particular generator (the Bela-Bela...
- Q The engagement team is performing Step 1 of a goodwill impairment test. Which best describes the calculation to identify potential impairment. Comparison of thr fair value of a...
- Q Which of the following users would be considered an external user of accounting data for a company a. the management of the company b. the company's marketing manager c. the...
- Q The actual cash received during the week ended June 7 for cash sales was $19,273, and the amount indicated by the cash register total was $19,218. Required: Journalize the entry...
- Q On January 9, 2018, Ice Breaker Company paid $245,000 Cash for a computer system. In addition to the basic purchase price, the company paid a setup fee of $800,sales tax...
- Q Calculate the energy in both the time and frequency domain versions of f (x)= e^|-x| (-inf
- Q A company lends $100,000 to one of its suppliers. The note is due in 2 years. The company will record a(n) A) decrease in cash due to investing activities. B)...
- Q An analysis of a companys ability to pay its current liabilities is called a.horizontal analysis b.vertical analysis c.profitability analysis d.current position analysis
- Q Calculate Mary Wards (Landscaper) accrual-based Net Income or Net Loss from the items listed below. M. Ward, Capital $42,000 Equipment 40,000 Service revenue 285,000 M. Ward, Drawings 6,000 Landscaping supplies...
- Q The steps in the accounting cycle are different for merchandising company than for a service company. True False
- Q This year Diane intends to file a married-joint return. Diane received $181,900 of salary and paid $8,200 of interest on loans used to pay qualified tuition costs for her dependent...
- Q Apply a core concept model for any business use case of your choice
- Q Respond to the following in a minimum of 175 words: Explain the difference between job order costing and process costing. Identify the types of companies that are likely to use...
- Q QUESTION 1 1 How much does it cost us to manufacture our customized products for each of our customers? @DJ 2 Discuss how you set prices on your products...
- Q Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 90 Units in beginning inventory 0 Units produced...
- Q Question 85 pts When two or more people get together for the purpose of circumventing prescribed controls, it is called Group of answer choices ...
- Q How is the annualized income method used in layman terms?
- Q Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of...
- Q Indicate which financial reporting element the following account belongs in. Mortgage payable Owners' capital 1) revenues 2) liabilities 3) assets 4) equity 5) expenses...
- Q Cierra Markets, Inc. accepts prepaid grocery orders for home and commerical delivery. This year, the company collected $164000 in advance orders and delivered $66,000 of the advance orders. The company...
- Q 1. what is the reason why discretionary expenditures are nit determined by the organization's level of production 2. what are reasons why activity based cost can reduce cost distortion...
- Q When a statement of cash flows is prepared using the indirect method a. Net income is the starting point in determining cash flows from operations b. Dividend expense is not...
- Q Which of the following statements is correct regarding the deductibility of an individual's medical expenses? Group of answer choices A medical expense paid by credit card is deductible in the...
- Q if a company increases its sales price by $5 and its total variable costs per unit also increase $5 then?
- Q Max Company, a producer of dinnerware, has an A group inventory item that is vital to the production process. This item costs $20.67 per unit. The company uses 17680 units...
- Q On January 1, 2022, Swifty Corporation had the following stockholders' equity balances. Common Stock (412,000 shares issued) $1,648,000 Paid-in Capital...
- Q which element of financial accounting involves identifying the individuals who demand financial information
- Q # Overview ---------------------------------------------------------------- # Assignment 1: Analysis of the protest data from Crowd Love ...
- Q Use the Table below: Date Particulars Units Unit Cost Selling Price July 1 ...
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