Accounting question and answers for July 08, 2023
- Q U. NORIU UI MIC QUOVU IS CURTCI. 8. attempts to minimize or eliminate carrying and stockout costs. a. Just-in-time inventory b. Materials requirements planning...
- Q 19. In a sale-leaseback transaction the carrying value on the date of sale was 200,000 the selling price was 310,000 and the fair value was 250,000. What is the...
- Q Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the companys operations in March follows: Please help answer I will be sure to leave an...
- Q Mary earns an annual salary of $44,550.00 in Alberta and is paid bi-weekly basis.She receives a $75 car allowance each pay.Her owner pays 100% of the premium for it's employees...
- Q Consider the following short case as you respond to the next question: VLC Corporation sold merchandise with a cost of $200 on account for $300 to PRT Corporation; credit terms...
- Q ? Lone's Cempanies, Ine. Consolidated Balance Sthets (It mitlicen, excepl pat value) Janwary 28,2022 January 29,2021 Liabilities and shareholders' (deficitliequity...
- Q The bank portion of the bank reconciliation for Pina Colada Corp. at October 31, 2019, is shown below. Pina Colada Corp. Bank Reconciliation October 31, 2019...
- Q What do you mean by Capital Investment? Suppose you are going to start a new project; which investment appraisal method is most suitable for your project and why? Explain....
- Q Prepare end-of-January financial statements. (Balance Sheet only, items to be deducted must be indicated with a negative amount.) Required information...
- Q Accounts with credit balances cannot contain debit entries. True False
- Q Please use 2020 rates for CPP 5.25%, EI 1.58% and Federal/Provincial Tax Deduction Table given. Kyle worked for 48 hours a week and he is getting $20/hour. The pay period...
- Q Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four-year service life, the van will be worth $6,400. During the four-year period,...
- Q Using the following information, compute cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities. Also, if the beginning cash balance is $10,000, what...
- Q Julia's total Liability for 2022 is ... ( this question is from Case Study of H & R Block " Small Business certification ")
- Q C. Answer the following: (1) What is the balance of the work in process (2) What is the balance of the finished goods (3) What is the total cost...
- Q prepare direct method cashflow P5.12 L&G Inc., a retailer of garden tools that follows ASPE, had the following statements prepared as of December 31,2023: ...
- Q Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system. (Hint: It will help to identify each receivable and payable; for example,...
- Q Abc had a balance if 1000 in A/R and a balance of 17 in ADA on 1/1/2019. abc also had a balance of 1086 in A/R and a balance of...
- Q Woody Elliott, owner of a lumber yard, donated various wood products, at his own expense, to a qualified charity that provides shelters for abused children. At the charity's request, Woody...
- Q ___ enteries are posted to the general ledger in the same manner as all other entries
- Q 10. True or False: Batch level costs vary with the number of units produced 25. True or False: Managers should accept special orders provided the special order price exceeds full...
- Q Interest payment is: A. The effective interest rate times the amount of the debt outstanding during the interest period. B. The effective interest rate times the face amount...
- Q ...
- Q Which of the following expenses incurred by a U.S. corporation is not subject to special apportionment rules for foreign tax credit purposes? A) Interest B) Research and experimental C) Advertising...
- Q Edson Hospital obtained a six-month loan of $24,000 from a bank on August 1, 20X1, paying 10 percent interest in advance. The interest was debited to interest expense. Required: Assuming...
- Q Minden Co. is considering buying new computer software that will assist customers in their product choices. The cost is $50,000. The benefit will be an...
- Q Prepare the journal entries to record the assignment of (1) direct materials. (2) direct laws, and (3) marutacturing overhead conts to production. In...
- Q write an article about fonda mexican restaurant The operating model and its pros and cons Profit Sharing Structure What Profit Sharing means for the business Non-Financial Performance Indicator How...
- Q - TASK 1.2 How much would 121 received in two years be worth now? (use i=10% ) - ANSWER .... How did you get the
- Q Use the method of elimination to find the general solution and write it as a linear com- bination of two vector solutions. r =...
- Q Problem 2: (12 pocats)
- Q 1. The authors group tax reduction techniques into five Ds. Describe the five Ds. 2. Explain forgotten deductions as a tax reduction technique. 3. How can home ownership be used...
- Q Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $13,000 in student loans at an annual interest rate of 8%. If Mary repays...
- Q Shamrock Shades operates in mall kiosks throughout the southwestern U.S. Shamrock purchases sunglasses from buik discounters and sells the sunglasses in the mall kiosks...
- Q Problem 10 (want typed and briefly explained answer) What are the risks associated with conversion cycle and changes need to reduce that risks
- Q \begin{tabular}{|l|r|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|r|l|l|} \hline & & \\ \hline & & \\...
- Q I know the workforce differs from coursework, I feel I am not retaining the material I learn in my courses. I retain enough to pass exams and courses. Should I...
- Q please follow the format in the images, thank you :) please answer a, b and c. ...
- Q The following information is available for Marin Inc. for three recent fiscal years. 2017 2016 2015 Inventory $546,328 $571,700 $326,238 Net sales 1,934,372 1,695,980 1,327,594 Cost of goods sold 1,554,675...
- Q Item6 6 points Time Remaining 42 minutes 50 seconds 00:42:50 Item 6 Time Remaining 42 minutes 50 seconds 00:42:50 Prior to recording the following, Big Bang Company, had a credit...
- Q Which theory of leadership from chapter 12 resonates with you most and why? Post your answer with an explanation
- Q Acme Companys production budget for August is 19,300 units and includes the following component unit costs: direct materials, $9.00; direct labor, $11.80; variable overhead, $5.80. Budgeted fixed overhead is $50,000....
- Q Many management accountants assert that ABC is complex. It needs top management support and cross-functional involvement when implementing an ABC system. Evaluate the statement and explain how top management...
- Q Which of the following are considered active participation in a Retirement plan for purposes of determines deductible IRA contribution eligibility? (Select all that apply) a) An employee who makes voluntary...
- Q The interest charged on a $50,000 note payable, at the rate of 6%, on a 2-month note would be $3,000 O $1,500 $750 $500
- Q Which of the following describes the classification and normal balance of the fees earned account? a. liability, credit Ob. asset, credit Oc. revenue, credit d. stockholders' equity, debit
- Q A current liability is an obligation that requires the use of an existing asset or the creation of another current liability: A. Within the...
- Q Problem 19 (want typed and with in 10min otherwise skip) Department 1 completed work on 500 units and transferred them to Department 2. The cost of the units...
- Q Paper company's total annual sales in 2015 were $1.5billion. It was determined by the accountant staff that the allowance for doubtful accounts balance at year-end should be 2% of annual...
- Q The costs of quality are the costs incurred
- Q It is the TenAlpina Tools: Product line profitability case that has the exhibits Tenalpina had been using a traditional system, where manufacturing overhead was allocated to each product...
- Q Hello, Can I have assistance answering the following questions:
- Q ASSIGNMENT Q5 The reporting date of Trailer is 31 May 2020. On 1/6/18, Trailer acquired a building at a cost of $90m with a 30 year estimated useful life. On...
- Q Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $80 per unit. Variable expenses are $40.00 per unit, and fixed expenses total $180,000 per year. Its operating results...
- Q Western Company estimates warranty expense as 5% of sales. On January 1, 2016 warranties payable was $20,000, and the December 31 liability for the warranty was $22,000. During the year...
- Q The Board of Directors has asked you to explain the method used to handle uncollectible Accounts Receivables. They know that you use the Allowance Method but are not familiar with...
- Q On December 31,2020, Jen & Mink Clothing (J&M) performed the inventory count and determined the year-end ending inventory value to be $83000. It is now...
- Q Rowland Company is a small editorial services company owned and operated by Marlene Rowland. On August 31, 2016, the end of the current year, Rowland Companys accounting clerk prepared the...
- Q Exercise 13-36 (Static) Estimate Purchases and Cash Disbursements (LO 13-3, 4) Eliot Sprinkler Systems produces equipment for lawn imigation. One of the parts...
- Q Fannell Products manufactures recreational equipment. One of the company's products, a skateboard, sells for $37.50. The skateboards are manufactured in an antiquated plant that relies heavily on direct...
- Q EXERCISE 36 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO36] Primare Corporation has provided the following data concerning last months manufacturing operations. Required: 1. Prepare...
- Q Current Attempt in Progress From the following identify if the transaction results in an understatement or overstatement of net income reported on the statement of income...
- Q You discuss information that can be gleaned from the various financial statements. One I like to review is the Statement of Cash Flows. If cash is slow coming into the...
- Q Question 5 5.1 The report writing process should be divided into four steps. Discuss these four steps of report writing. (14) 5.2 The presentation should be practised beforehand, paying attention...
- Q LFO liquidation in an interim reporting period Assume that our records include the following two LIFO inventory cost pools: \table[[Units],[BOQQ,75,$20
- Q Metlock, Inc. had net credit sales of $13010000 and cost of goods sold of $10056000 for the year. The average inventory for the year amounted to $2095000. The inventory turnover...
- Q Assume that Josh earns $72.00 per hour, that he worked 40 hours this week. The Social Security rate is 6.2% and the Medicare rate is 1.45%, and his entire earnings...
- Q Break-even analysis is a fundamental tool for managing any type of business unit. Consider the management of either at a school or a business that you are familiar with. If...
- Q Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two officesone in Chicago and one in Minneapolis. The...
- Q A 21-year bond has a 3 percent annual coupon, a yield to maturity of 5 percent, and a face value of $1,000. what is the price of the bond? A....
- Q rhe balance in A/R on 1/1/2017 was 15. the balance on 12/31/2017 was 17. sales for 2017 were 175. cash collected from customers during 2017 was 168. what amount in...
- Q The first two scenarios are independent. All cash flows are after-tax cash flows. The present value tables provided in Exhibit 19B.1 and Exhibit 19B.2 must be used to...
- Q Truck #2 has a list price of $56,480 and is acquired for a down payment of $7,060 cash and a zero-interest-bearing note with a face amount of...
- Q PLS solve this problem. Thank you. [a] Prepare a memo to the partner making a recommendation as to whether Barnes and Fischer should or...
- Q 1) Sales $.4,00,000 Gross Profit 10% on Sales Stock Velocity = 4 times Closing stock was $.10,000 in excess of opening stock. What will be value of closing stock?...
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