Accounting question and answers for July 10, 2023
- Q QUESTION 2 In Derry v Peek 14 App.Cas. 337 (House of Lords, 1889) the Court held that there was not a fraudulent representation made by the tramway company. With reference...
- Q Which of the following is the best description of neural networks? Multiple Choice A ledger where individual entries are separate in time and location....
- Q Ms de la mitad de todos los nuevos negocios iniciados con un equipo de propietarios estn compuestos por socios comerciales no relacionados. Verdadero o falso
- Q List the best practices for using social media for hotels or restaurants. Explain in detail.
- Q Maria Corp. is considering the introduction of a new bicycle with the following price and cost characteristics: Sales prince . $250 per unit Variable costs .. 110 per unit Fixed...
- Q Using a case study, assess the effectiveness of non-monetary rewards on employee performance
- Q A.i In the majority of Manufacturing companies material cost constitutes the largest component of Production costs. Briefly explain the key stages that are involved in the purchasing or acquisition of...
- Q Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2023: Arrow Hospitality prepares adjustments monthly and showed the following at September...
- Q Public Law 86-272 protects a taxpayer from which of the following taxes? Texas Margin Tax (a tax with net income, gross receipts, and capital worth components). Washington Business and Occupation...
- Q can you calculate net income Profit Margin 20% Total Revenue 462,138 Total expense 53,000
- Q Swagger Corporation purchases potatoes from farmers. The potatoes are then peeled, producing two intermediate products-peels and depeeled spuds. The peels can...
- Q 11 kas=
- Q Required information Knowledge Check 01 A buyer uses a periodic inventory system, and on December 5 , it purchases $4,000 of merchandise on credit terms of 2//10, n//30. Complete the...
- Q Any explanation would be greatly appreciated. Due to erratic sales of its sole product-a high-capacity battery for laptop computersPEM, Inc., has been experiencing financial difficulty for some...
- Q Marathon Petroleum sold a specialized piece of equipment to Oil Co on 1 November 2017 for a total price of $12m, which incorporated both the sale of equipment and...
- Q PLZZ HELP Calculate ending inventory and cost of goods sold for 2024 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4...
- Q The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: ...
- Q The inventory records of Cyrus Inc. showed the following data for its merchandise inventory. Date Units Unit Cost Jan. 1 Inventory 60 $38.00 Jan. 3 Purchase 90 $40.00 Jan. 7...
- Q Which Regulations have the force and effect of law? a. Procedural Regulations b. Finalized Regulations c. Legislative Regulations d. Interpretive Regulations e. All of these
- Q A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1,074.99, and currently sell...
- Q The difference between a personal loss casualty loss any business casualty? Are casualty losses investor losses?
- Q El inventario de materias primas no es un activo hasta que se utiliza para fabricar un producto. Verdadero o falso
- Q In an equipment acquisition proposal, MKBK Enterprises has worked out a deal on the interest rate with the vendor. The equipment is being financed for 10 years with monthly payment....
- Q What are the similarities and differences between accounting for non-profit entities and accounting for state and local government entities.explain in a paragraph What are the similarities and...
- Q Where is a my answers
- Q A. $54,720 a. 531,460 . c. $54,72b. o. 5235.080
- Q The Finishing Department had 12,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 37,500 units were received...
- Q Using value chain analysis, describe three ways that MIS can help a company improve performance and/or achieve strategic goals
- Q Activity Machine setup Parts handling Quality inspections Total budgeted overhead Budgeted Activity Driver Cost $ 27,000 (20 machine setups) 21,620 (16,000 parts)...
- Q TB MC Qu, 2-43 (Static) Almaraz Corporation has two manufacturing... 356 sart sus sno
- Q Equipment purchased for $40,000, with accumulated depreciation to date of $24,000, is sold for $17,500. (A) Journalize the entry to record the sale of the asset. (B) Assuming the equipment...
- Q On May 10, 2020, Swifty Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the full contract price of...
- Q Timmer Corporation just started business in January. There were no beginning inventories. During the year, it manufactured 11,200 units of product and sold 8,300 units. The selling price of each...
- Q Audit Procedures: a. Determine if the transaction was recorded in the correct month, based on when the goods were received and the terms of the transaction. b. Review the chart...
- Q 1. A machine cost $160,000, has annual depreciation expense of $32,000, and has accumulated depreciation of $80,000 on December 31, 2014. On April 1, 2015, when the machine has a...
- Q The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: 1 Dec. 31, 20Y2 Dec. 31, 20Y1 ...
- Q If costs are declining, will the LIFO or FIFO method of inventory valuation yield the lower cost of goods sold? Why?
- Q For the risk of erroneous timing recognition of inventory purchases, what is the most likely internal control weakness? (Points : 1) Ineffective...
- Q Corp is a manufacturer and has beginning inventory of 210 finished units, expected sales of 765 units for the year, and desired ending inventory of 195 finished units. Beginning balance...
- Q How much do you have to deposit today so that beginning 11 years from now you can withdraw $15,000 a year for the next 7 years (years...
- Q Avoid plagiarism.. I want from your word please Q1 Give example of company using ABC costing and explain the process used in this company to assign costs in...
- Q The following four companies use a process cost system: Treating each case independently, find the missing amounts
- Q Alex Inc traded equipment. The old equipment had a cost of $30,000, a book value of $10,000; Alex also paid $20,000. In exchange, Alex received equipment that had a fair...
- Q Prepare adjusting entries to convert each of the items from GAAP to IFRS. These entries will be posted to the worksheet to determine the new balances...
- Q 16-21 PROBLEMS Baretta Corp. owns 100 percent of the stock 30. A cash-method corporation adopts a plan of PPK Corp, and also...
- Q Please help
- Q If accrued liabilities decrease during the year, which of the following is correct when using a spreadsheet to complete the statement of cash flows by the indirect method?
- Q 3) On January 1, 2015, WAX-D purchased equipment for $60,000 cash, expecting it to remain in service for six years. The company depreciates the equipment on a straight-line basis, with...
- Q True or false.Deadlines for remitting the federal statutory deduction are based on actual date of the payroll cheque/deposit ,not on pay period ending date.
- Q Does the concept of relevant range apply to fixed costs? Explain your answer. IN YOUR OWN WORDS.
- Q The owner contributed $ 10 comma 000$10,000 to the business and made no withdrawals. Net income (loss)
- Q nawno bo dockare sash dividends of P4.aDoingo holdkts if the pectence shares aft
- Q Option for those blanks are First blank: would/would not 2: is/is not 3.lose/gain 4. number 5. lose/gain 6. number Please enter all answers with NO commas...
- Q Amit purchased two assets during the current year. On April 16th Amit placed in service computer equipment with a basis of $5,000 and on October 5th placed in service...
- Q For the risk of duplicate recording of purchases, what is the most likely internal control weakness? (Points : 1) Inadequate segregation of duties...
- Q inge co. determined that the net value of its account receivable at Dec. 31, Year 3, based on an aging of the receivables, was $325,000. Additional info is as follows...
- Q Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. If 4,300 units used 41,300 hours at...
- Q PQ7-1 The following summary business activities were recorded in the third year of operations for Magenta Inc., a merchandising business in Ontario. Their yearend was...
- Q p6 71B (Learning Objective 2, 3: Computing inventory by three methods-perpetual system) SWAT Team Surplus began July with 66 tents that cost 23 each....
- Q Bluegill Company sells 8,900 units at $240 per unit. Fixed costs are $106,800, and operating income is $1,174,800. Determine the following: a. Variable cost per unit...
- Q Given the following information, what is the expected ROMI for this Marketing Initiative? Initiative: Facebook Pay-per-Click Ads Ads Costs: $ 1.00 / Click-thru Budget: $12,000 Average Click-thru Rate: 1.6% Discount...
- Q During the first quarter of the current year, the company sold 4,000 batteries on credit for $150 each plus state sales tax of 6%. When the company records this...
- Q At January 1, 2018, NCI Industries, Inc., was indebted to First Federal Bank under a $240,000, 10% unsecured note. The note was signed January 1, 2014, and was...
- Q Recommend and justify adjustments to the OCC and ROI estimates that reflect the economic environment of the footwear industry, the predominance of Chain Store data in the Statistics Canada survey,...
- Q g6 Differentiate the following functions (by suitable substitutions) w.r.tx V1 + x2 +1 (a) sin (b) tan 1+r? 2x (d) tan: (VT+ p2 + x) (c) cost x...
- Q As of October 3, 2021, of all the licensed Starbucks stores outside the United States, how many licensed stores were in Korea?
- Q what internal controks were missing that enabled the World Com fraud to take place ? What internal controls were missing that enabled the World Com fraud to take place ?
- Q The cost of goods sold includes $2,575,000 of fixed manufacturing overhead; the operating expenses include $270,000 of fixed marketing expenses. A special order offering to buy 50,700 units for $22.00...
- Q Case Study PROGRAMME Bachelor of Business Administration Bachelor of Commerce in Retail Management Bachelor of Commerce in Supply Chain Management Bachelor of Commerce...
- Q For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2 % on first $ 132,900 earned; Medicare: 1.45 % up to...
- Q What is the ethical confidentiality? The importance of the ethical confidentiality in an organization and when maintaining accounting records, how can ethical confidentiality protect, controls, avoid the organization or...
- Q What type of inventory does Apple hold? (raw material, work in process, finished goods). Provide examples of goods held. How does the company value its inventories?
- Q Stanley Department Stores reported net income of $720,000 for the year ended December 31, 2024. Additional Information: Common shares outstanding at January 1, 2024 80,000 ...
- Q Subtitle A of the Internal Revenue Code covers which of the following taxes? a. Income taxes b. Estate and gift taxes c. Excise taxes d. Employment taxes e. All of...
- Q For proper controls over PP&E, what should be in place for acquiring new capital assets? (Points : 1) Board authorization Capital expenditure forms...
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