Accounting question and answers for July 14, 2023
- Q Carlos danger's service shop started the year with total assets of $3400000, total liabilities of $ 250000 and total owners equity of 90000. during the year, the business recorded $630000...
- Q I need help in creating a balance sheet and statement of cash flows from the following data: Trail Balance Period: Sep 2014 ...
- Q Rohan Corporation holds assets with a fair value of $150,000 and a book value of $125,000 and liabilities with a book value and a fair value of $50,000. What balance...
- Q MC Qu. 79 Which of the following would not be considered... Which of the following would not be considered a product cost? Multiple Choice...
- Q Bell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retained earnings of $200,000 on that date. Equipment was undervalued...
- Q With regards to Operating Leverage, please explain why a company with HIGH Operating Leverage faces greater financial risk in a declining sales period compared to a company with LOW Operating...
- Q You are the managerial accountant for Behr Dcor, which manufactures four different types of paint job for their customers in one shift. The production manager comes to you seeking your...
- Q Top Disc manufactures frisbees. The following information is available for 2013, the companys first year in business when it produced 325,000 units. Revenue of $450,000 was generated by the sale...
- Q Journal entry for the following transaction: Paid $10000 on the Note Payable, plus interest accrued at 6-30.
- Q On December 31, 2015, the Bennett Company had 100,000 shares of common stock issued and outstanding. On July 1, 2016, the company sold 20,000 additional shares for cash. Bennett's net...
- Q Brownley Company has one service department and two operating (production) departments. Payroll Department costs are allocated to the two operating departments in proportion to the number of employees in...
- Q 1. What is Ethics in business? 2. How ethics violations affected the business under study? 3. How ethics violations affected the industry under study? 4. How ethics violations affected the...
- Q help please and thank you Go to yahoo finance answer this Company : Netflix What are the company's total sales? What is the company's net income
- Q one financial situation of your choice and show how these accounting information system help in that?
- Q On January 1, Year 7, Blette Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The machine was depreciated by the...
- Q why is there a conflict between our emotions and the post industrial worldplease summarize in 2-3 sentences
- Q As of Oct. 31,2019 , Landry Company has 20,000 common stock shares issued and outstanding, and retained earnings of $275,000. Landry declares a $3 per share...
- Q Suppose AIC is considering a $10M Series A investment in PAC. The proposed structure is CP with APP of $12M or 10M shares. The employees of PAC has 20M shares....
- Q The city is considering upgrading their vehicle fleet to hybrid and electric vehicles. The initial cost will be $250,000. The new vehicles would result in a...
- Q One Trick Pony (OTP) incorporated and began operations near the end of the year, resulting in the following post-closing balances at December 31: Cash Accounts Receivable Allowance for Doubtful...
- Q Please help
- Q if you could please help answer general analysis through Analysis. thank you!!! Required Information [The following information applies to the questions displayed below.] One Product...
- Q Issue Price of a Bond Tide, Inc., plans to issue $600,000 of 9% bonds that will pay interest semiannually and mature in 10 years. Assume that the effective interest is...
- Q You use a car in a majority of your sole-proprietorship engineering consulting business. This business asset cost you $80,000 new and has been depreciated according to MACRS over a 5-year...
- Q Archer Company is a retailer that uses the perpetual inventory system. August 1 Beginning inventory 110 units of Product A @ $1,600 total cost 5 Purchased 130 units of Product...
- Q Icebreaker Company (a U.S,-based company) sells parts to a forelgn customer on December 1, 2020, with payment of 32,000 dinars...
- Q Susan Beale is a single mother with two children, ages three and six. She pays a total of $7,000 each year to a neighbor to care for her children while...
- Q Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 61 units @ $23 Oct. 7 Sale Oct. 15 Oct. 24...
- Q Sunland Corporation produces snowboards. The following cost information per unit is available: direct materials $13; direct labour $8; variable manufacturing overhead $7; fixed manufacturing overhead $16;...
- Q Recent law reform saw the introduction of s 588GA into the Corporations Act 2001 (Cth). Discuss how this new Safe Harbour provision assists the company.
- Q Question 2/10 She has always used the standard mileage rate and keeps track of her mileage on a log that she keeps in her car....
- Q Year-End Physical Inventory The December 31, inventory for the Hayes Company included five products. The year end physical count revealed the following quantities on hand: Product Quantity Available A 35...
- Q Australia, Inc. had a $140,000 beginning balance in Accounts Receivable and a $5,000 credit balance in the Allowance for Doubtful Accounts. During the year, credit sales were $800,000 and customers...
- Q How is the percentage change (for horizontal analysis) for sales from 2016 to 2017 computed?
- Q Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet ...
- Q $1000 at 6% compounded quarterly for 6 years
- Q 21. On January 1, 2019, Sue Company had 3,000,000 shares of its common stock issued and outstanding. Sue issued a 10% stock dividend on July 1, 2019. On October 1,...
- Q QUESTION: Product A requires 2 machine hours per unit, has a unit contribution margin of $15, and a contribution margin ratio of 60%. Product B requires 1 machine...
- Q Which stage of the five-step process for gathering information includes identifying possible reasons for an individual's behavior? Observe. Document. Propose. Test. Discuss
- Q Birmingham Bowling Ball Company (BBBC) uses a job-order costing system to accumulate manufacturing costs. The company
- Q Cul de las siguientes empresas utiliza un mtodo de inventario peridico?
- Q Use the following financial statements and additional information
- Q Reem Company has total assets of $ 430,000, and total liabilities of $ 220,000, on 1/1/2021. During the year, the company had revenues of...
- Q Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions): sales of $2,909 in 2018, $2,751 in 2017, and $2,585 in 2016. The company also reported...
- Q goods inventory was $68,800 at January 1 and $45,700 at December 31 . Compute cost of goods manufactured. Compute cost of goods sold
- Q Errors in Inventory Counts The following information was taken from the records of Taylor Enterprises: 2013 2012 Beginning inventory $90,000 $80,000 Cost of goods purchased 450,000 430,000 Cost of goods...
- Q The expected cash value of an asset at the end of its useful life is known as A. book value B. carrying value C. market value D. residual...
- Q Please put answers in bold The Financial Statements of Harry and Belinda Johnson Suggest Budgeting Problems Harry has worked at a medium-size interior design firm for five...
- Q Opportunity costs represent costs that can be reduced by effective management of operations. True or False
- Q Alpha Company normally sells its product for $20 per unit. It just received a large order from a new customer at a selling price of $16 per unit. The current...
- Q What are the steps in the revenue cycle? Are they the same for all payers
- Q Granite Slab LLC was recently formed with the following members: What is the required taxable year-end for Granite Slab LLC
- Q La corte de California seguir la decisin de la Corte Suprema de los Estados Unidos debido a la doctrina de (stare decisis, stare opinium, prior opinium). La decisin de la...
- Q In about 100 words, explain how a value-added tax (VAT) is calculated and collected. In your answer, contrast the use of a VAT with the use of a combined system...
- Q Sisters Inc. issued a 120-day note in the amount of $180,000 on November 1, 2016 with an annual rate of 6%. What amount of interest has accrued as of December...
- Q Accepted credit cards for sales amounting to $3,200. The cost of goods sold was $1,500. The credit card company charges a 5 percent service charge. The cash has not been...
- Q QUESTION Dampare Ltd manufactures three products namely A, B and C. The information given below relates to the month of November, 2020. ...
- Q Effects of inventory error Assume that the ending inventory of a merchandising firm is overstated by $30,000. Required: a)By how much and in what direction (overstated or understated) will the...
- Q Almond, Inc. uses a balanced scorecard. One of the measures on the scorecard is the average education level of the firm's managers. Which balanced scorecard perspective would this measure most...
- Q On the first day of the fiscal year, a company issues a $2,500,000, 8%, 5-year bond that pays semiannual interest of $100,000 ($2,500,000 8% ), receiving cash of...
- Q Alpha Corporation was organized in 2017. At December 31, 2017. Alpha Corporation's balance sheet reported the following stockholders' equity: (click the...
- Q ...
- Q When a company sells a physical product, they will generally have inventory recognized as an asset on their Balance Sheet. However, a professional service company will not have such...
- Q Why is one dollar now worth more than one dollar in the future? Select one: A. The amount to be received in the future is smaller than the amount to...
- Q Explain why the net present value has increased as a result of reducing the discount rate from 14% to 10%.
- Q Devon Inc. has a profit margin of 12% and an investment turnover of 2.5. Sales revenue is $600,00. What is the operating income? A) $180,000 B) $28,800 C) $72,000 D)...
- Q Plant and Machinery A/C 2022 Jan 1 Balance B/D 240,000 2022 March 31 Disposal 60,000 2022 Jan 30 Cash 160,000 2022 Dec 31 Balance C/D 340,000 400,000 400,000 2023 Jan...
- Q Please help, even if you can't answer all just help me with this 1040 tax sheet. Practice Set Assignments- Comprehensive Tax Return Problems PROBLEM...
- Q Compare and contrast the different depreciation methods (straight line, double declining balance, and units of production). What are the benefits of each approach? Why do most companies use straight line...
- Q Cyclop Corp produces three products, with costs and selling prices as follows: Product A Product B Product C Selling price per unit $80 100% $20 100% $30 100% Variable costs...
- Q ower-of-Cost-or-Market (LCM) Method The following data refer to the Froning Company's ending inventory: Item Code Quantity Unit Cost Unit Market LXC 90 $75 $78 KWT 240 68 64 MOR 330...
- Q Payment Discounts. a. Describe what each element of the terms 2/10, n30 represent. b. Why would a seller offer these terms to a buyer?
- Q please note you will end up with 2 tabs of work when assignment complete. bivinuctions Down the the uve thirist. Submikises Oct 19.20231250nM
- Q Sweet catering completed the following selected transaction during May 2016
- Q Saalfrank Corporation is considering two alternatives that are code-named M and N. Costs associated with the alternatives are listed below: Alternative M Alternative N Supplies costs $ 74,000 $ 65,000...
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