Accounting question and answers for July 02, 2023
- Q firm k has a margin of 14%. turnover of 1.7. and sales of $2,360,000. How do you calculate average total assets
- Q Abbott Equipment leased a protein analyzer to Werner Chemical, Incorporated, on September 30,2024. Abbott purchased the machine from NutraLabs, Incorporated, at a cost of $5.2...
- Q Differentiate (with worked examples) between depreciation and capital cost allowance * its a taxation question
- Q What is the difference in reporting an exchange and a non-exchange transaction? Describe circumstances under which a government entity must report a pass-through grant as both revenue and expenditure. Examine...
- Q Define the Lower of Cost or market (LCM) method. Is it more or less applicable in 2020? Explain.
- Q Pabon Corporation makes one product. Budgeted unit sales for August and September are 11,100 and 12,600 units, respectively. The ending finished goods inventory equals 40% of the following month's sales....
- Q Suppose Hunt Equipment has receivables of $65,000, furniture totalling $205,000 and cash of $52,000. The business has a $109,000 bill payable and owes $81,000 on account. How much is Hunts...
- Q Please answer full question Arnold Industries has pretax accounting income of $176 million for the year ended December 31,2024. The tax rate is 25%. The only difference between...
- Q I want to have $2,000,000 saved by retirement. How much do I need to save each year for 40 years if the rate-of-return is 8%
- Q Eckhart Company uses the absorption costing approach to cost-plus pricing as described in the text to set prices for its products. Based on budgeted sales of 67,000 units next year,...
- Q The petty cash box contained $26 on October 31 along with receipts for $116 for cleaning, $29 for postage, and $51 for delivery expense. On November 30, the petty cash...
- Q Apple Company has annual fixed costs totaling $6,000,000 and variable costs of $900 per unit. Each unit of product is sold for $1,700. Assume a tax rate of 30 percent....
- Q Some conflict is good for a project team, whereas other types of conflict are bad. Which type of conflict causes the greatest problems in project teams? Why
- Q On December 31, 2021, coolwear Inc. had balances in accounts receivable and allowance for uncollectible accounts of $44,000 and$ 2150 , respectively. during 2020 Coolwear wrote off $875 in accounts...
- Q Exercise 3-7 (Algo) Applying Overhead; Cost of Goods Manufactured [LO3-3, LO3-4] Chang Company provided the following data for this year: The company uses...
- Q Can you calculate FCFE and FCFF of bank: Net income = 9,090,000,000.00 Short Term Money 13,241,000,000.00 Investment Securities 68,176,000,000.00 ...
- Q Exercise 5-20 (LO. 2) Valentino is a patient in a nursing home for 45 days of 2020. While in the nursing home, he incurs total costs of $13,500. Medicare pays...
- Q All forecasting methods using exponential smoothing, adaptive smoothing, and exponential smoothing including trend require starting values to get the equations going. How would you select the starting value...
- Q 1. Martin Supply Service office supplies from a supplier. Which of the following accounts increases? A.Office Supplies B. Owner's Capital C.Accounts Receivable D. Accounts Payable 2. Which of the...
- Q Breaking down a complicated system into manageable smaller steps can help keep people focused and increase conversion. How a complex web page for online order fulfillment loose customer,...
- Q If discount rate (used in DCF techniques and NPV analysis) is applied for adjusting the risk of the project, the risk of the project increases over time. a.RIGHT B.WRONG C.DON'T...
- Q What is RFID and give 3 advantages and 3 disadvantages of using RFID for a retailer
- Q When MR=MC a. marginal profit is maximized b. total profit is maximized c. total profit is zero d. marginal profit is positive
- Q A petty cash fund was established with a $ 600 balance. It currently has cash of $ 40 and petty cash tickets as shown below: Travel expense $ 100 Office...
- Q A Merchandiser
- Q Is there a rational set of criteria in deciding whether or not) to outsource
- Q Boerkian Co. started 2013 with two assets: Cash of
- Q On January 1, 2014, the Miko Company had the following accounts on its books: Accounts Receivable: $120,000 (debit) Allowance for Uncollectable Accounts: $4,200 (credit) During the year 2014, credit sales...
- Q In cell H6, enter a formula to determine any discount that should be applied. If the payment method in column F was Rewards, the customer should receive the discount shown...
- Q Some conflict is good for a project team, whereas other types of conflict are bad. Which type of conflict causes the greatest problems in project teams? Why
- Q issued common stock in exchange for $64,700 cash from investors. What would be the credit and what would be the debited?
- Q At the end of the fiscal year of 2019, Howdy Construction Co., Inc. has the following financial profile (all figures are in dollars): Total Assets: $1,550,000...
- Q Michael i
- Q 40. Discuss the importance of budgeting and identify five purposes of budgeting systems
- Q Who pays the social security taxes that are levied by the federal Insurance contributions Act?
- Q Requirement: 2 Pages, Double Spaced. Publicly traded corporations' financial statements can be accessed in a number of ways, but one certain way is to use the U.S. Securities...
- Q Franklin Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Franklin Corporation's income statement components between the two years. Note:...
- Q What is the purpose of the Age Discrimination in Employment Act (ADEA)? a. To prohibit discrimination on the basis of age in the employment practices of employer b. To provide...
- Q True or false: If you know the present value and the time that interest is accrued, you have enough information to find the future value.
- Q Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: 92 units @ $26 Oct. 1 8 15 27 Inventory Sale Purchase Sale 74...
- Q Alliance Appliance Ltd. (AAL) is an assembler and distributor of household appliances: kitchen equipment, washing machines, and driers. AAL assembles the appliances from components received mainly from Germany and some...
- Q Committing fraud because of a gambling addiction or excessive debt is an example of O perceived opportunity. O rationalization O perceived pressure. O realization
- Q 3) Cash Service Revenue...
- Q All forecasting methods using exponential smoothing, adaptive smoothing, and exponential smoothing including trend require starting values to get the equations going. How would you select the starting value...
- Q a company can also use both types of costing, with different products using a different kind of costing AND 1 product can use both costing systems. Can anyone tell me...
- Q a summary of and explanations for big variances within a company (Uber and Lyft) and among the companies (to be gleaned by reviewing the financial statement disclosures). If no apparent...
- Q Owner compensation for a sober prior is reported as
- Q A Requirements 1. Explain the characteristics and the internal control features of an imprest fund. 2. On June 30, how much cash should the petty cash fund hold...
- Q Exercise 3-10(Algo) Applying Overhead; Journal Entries; T-accounts [LO3-1, LO3-2] Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing...
- Q = Co. had the following data for units produced and maintenance costs in each of the four quarters of their prior fiscal year. QUARTER 1: 48...
- Q What is the primary purpose of the Employee Retirement Income Security Act (ERISA)? a. ERISA ensures that workers covered by state and federal government pension plans receive benefits from those...
- Q Beckett Company sold merchandise on account for $11,300, terms 1/10, n/30. Freight charges of $320 were prepaid by Beckett Company and added to the invoice. The customer returned $1,150 of...
- Q ...
- Q A company's Cash account shows an ending balance of $ 4 comma 200$4,200. Reconciling items included a bookkeeper error of $ 80$80 (a $ 550$550 check recorded as $ 630$630),...
- Q Computer Graphics (CG) is a small manufacturer of electronic products for computers with graphics capabilities. The company has succeeded by being very innovative in product design. As a spin-off of...
- Q A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie...
- Q Shown below is an income statement prepared by a poorly trained bookkeeper. Assume an income tax rate of 30% on all items. Ignore EPS. ...
- Q What steps should an organization take to prevent fraudulent shipments of merchandise? How can these steps be implemented in a timely fashion?
- Q Based on these ratings, bonds are dassified into investment-grade bonds and junk bonds. Which of the following bonds is likely to be das...
- Q Dog Days, Inc purchased a new vehicle for $40,000. If they life of the vehicle is 5 years and they use double declining balance depreciation with a salvage value of...
- Q Company A has 40% of Company B and 20% of Company C. However, the remaining shares of Company B are traded on the stock market. Company B also has 42%...
- Q On Jonusry 1, 2024, the general ledger of 3D Fomily Fireworks includes the following account bolances: During Jonuary 2024 , the following trensactions occur: January 2 Provide services...
- Q Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L...
- Q Part Two Instructions Before you prepare the nine adjusting journal entries below in an Excel...
- Q Lessee Accounting ...
- Q Step 2 to 6: a. The company pays for 55% of its direct materials purchases in the month of purchase and the remainder the...
- Q Financial Accounting meaning? puposes?
- Q Sly is a widower and wants to make annual gifts of cash to each of his four children and six grandchildren. Required: How much can Sly transfer to...
- Q ABC company paid interest of $778,000 during 2023 , and the interest payable account decreased by $120,500. What was interest expense for the year? 778,000898,500657,500537,000
- Q Refer to the following trial balance. Debit Credit Cash $ 20 comma 000 Accounts Receivable 42 comma 000 Merchandise Inventory 50 comma 000 Supplies 17 comma 000 Land 320 comma...
- Q Which of the following is not generally an internal control activity? a.Limiting access to computerized accounting records b.Reducing the cost of hiring seasonal employees c.Physically counting inventory in a perpetual...
- Q Some conflict is good for a project team, whereas other types of conflict are bad. Which type of conflict causes the greatest problems in project teams? Why
- Q Barth Company reports the following year-end account balances at December 31, 2016. Prepare the 2016 income statement and the balance sheet as of December 31, 2016. Accounts Payable-$16,000 Accounts Recievable-...
- Q LO.6, 9 At the time of his death, Garth held a life estate in the Myrtle Trust with the remainder passing to Garth's adult children. The trust was created by...
- Q write a paragraph about The impact of foreign direct investment on accounting standards. add the references please
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