Accounting question and answers for July 29, 2023
- Q Explain the reasons for use of the job order cost system in manufacturing industries and give examples to describe how they adopt job order system.
- Q if any one answer this question i wiuestion i will hit 10 dislikes............. ...
- Q Can you explain the concept behind Cash and Sales discount? 1) Which account is debited and which one is credited? 2) Does debit increase or decrease, does credit increase or...
- Q As activity levels decline, total semi-variable (mixed) costs also decline. True False
- Q At the beginning of the month, supplies were $ 4,500. During the month, $5,500 of supplies were purchased. At month's end, 500 of supplies are still on hand. What is...
- Q Can you explain the concept behind Cash and Sales discount? 1) Which account is debited and which one is credited? 2) Does debit increase or decrease, does credit increase or...
- Q Draw a simple T-account for Peoples Bank of China (PBOC) which has $125,000 of deposits, a required reserve ratio of 12.5%, and excess reserves of $19000. Make sure your balance...
- Q value: 5.00 points Which of the following best reflects the auditors' reporting responsibility under generally accepted auditing standards? Other Information Accompanying the Financial Statements...
- Q PRODUCTION BUDGET ...
- Q What are the benefits of using a turnaround document? Provide at least one example of a turnaround document and how it is used
- Q please help find the schedule of cost of goods sold LIFO method The following units of a rarticular zem were awailatle for sale during the calendar year
- Q the income and expenses of a corporation for federal income tax purposes are referred to as what type of income
- Q Los estados financieros de Darlington Company reportan ventas netas de $500 000 y cuentas por cobrar de $40 000 y $20 000 al principio y al final del ao, respectivamente....
- Q Regular tax depreciation was 20 000. ATM depreciation was 15000. The post 1986 amt depreciation adjustment is 5000. Depreciation per book 10 000. Which depreciation amount should i used when...
- Q Pharoah Furniture manufactures outdoor patio sets with the following unit selling price and unit costs at capacity of 5060 units: A wholesale outlet has offered to...
- Q The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. An employee's share of both FICA taxes was $5,125.50.Given that this employee did not...
- Q AutoSave OFF chapter 4 problem A.xls - Compatibility Mode a Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments X Arial 9 ~ Al...
- Q Part I How does shifting the sales mix at Ford Motor Company to more F-150 trucks affect Ford's break-even sales volume? Ford Motor Company (FORD) sales jumped 31.5 %...
- Q Which of the following processes involve the development of capital budgeting project performance reports that compare planned to actual results? A. Post-audit...
- Q Cartel, Inc. is a retailer for digital video disks. The net income for 2020 is $400,000 based on a sales volume of 200,000 video disks. Cartel has been...
- Q 7 Part 1 of 2 2 points By Vi Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Green Planet...
- Q SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity...
- Q Assume a company issues $40,000 and $55,000 of raw material for production use in its Mixing department and Packaging department, respectively. Prepare the journal entries for each department
- Q Elizabeths factory is completely destroyed in a fire. Her basis in the factory was $3 Million. Insurance paid her $5 Million. By the end of the year, she had purchased...
- Q Layta Hall is a transtator who wosks for a consulting firm in Otawa....
- Q On December 1 of the current year, Prepaid Rent was debited $10,200 for three months of rent, to cover the...
- Q The following information has been provided by a company Bad Debt expense 39.900 . Interest expense $4.900: . Rent expense for store $11.000: Loss on sale...
- Q The government-wide financial statements report capital assets: a)At estimated fair value b)At historical cost, including ancillary charges c)In the general fixed assets account group d)Only in the notes if they...
- Q Garth purchased merchandise inventory costing $24,000 with credit terms of 2/10, net 30. Eight days after the purchase, Garth paid one-half of the outstanding obligation. The remaining amount was paid...
- Q How do not-for-profits differ from governments in the way they account for business-type activities, such as dining halls, gift shops and admission fees? Also, in what significant way do not-for-profits...
- Q Martinez Manufacturing Company has a normal production capacity of 39,000 units per month. Because of an excess amount of inventory on hand, it...
- Q Chang Industries has already spent $230,000 to produce tables. Those tables can be sold as is for $442,000. Alternatively, the tables can be processed...
- Q Discuss the basic principles of APES 110 Code of Ethics for Professional Accountants. ( no more than 800 words)
- Q Required Information [The following informetion applies to the questions alsplayed below.] A payroll summary for Cortez Conaulting Compsny, awned by Conl Cortez, for the quarter...
- Q Hepworth Company has implemented a JIT system and is considering the use of backflush costing. Hepworth had the following transactions for the current fiscal year: Purchased raw materials on account...
- Q Read First Look at the Tax Cuts and Jobs Act of 2017 and write a short paper about how the changes in presidential and congressional leadership cause changes to the...
- Q Freight costs incurred by the seller on outgoing merchandise are recorded as O freight in O freight out O merchandise inventory. cost of goods...
- Q Pick one key item from any one of the following financial statements: Income statement Balance sheet Statement of owners equity Cash flow statement For example, you could pick...
- Q Use the following information to calculate cash received from dividends: Dividends revenue $ 70,000 Dividends receivable, January 1 5,550 Dividends receivable, December 31 4,400
- Q April 1 Received cash for capital stock, $14,000. 2 Received cash for providing accounting services, $9,500. 4 Purchased supplies on account, $700. 5 Received cash in advance from customer for...
- Q What was " CHARLES SCHWAB " Financial Analysis ? . Analyze the company's financial position based on profit, liquidity, activity, leverage, shareholder-return ratios, and cash flow. Make recommendations for improving...
- Q Morton Forms is a Canadian controlled private corporation specializing in designing and printing custom business forms. It is owned by Viola Morton. For the taxation year ended December 31, 2018,...
- Q Need Answere Which of the following is usually prepared before the disbursements for operating expenses budget? a b. operating expense...
- Q Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a....
- Q Sheridan Manufacturing produces towels to be sold as souvenirs at sporting events throughout the world. Assume that units produced equalled units sold in 2022. The companys variable-costing income statement and...
- Q Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: ...
- Q Brittany is a full-time college student and is 21 years of age. Her employer has the option to pay her less than the Federal minimum wage. What is the minimum...
- Q Widhorse Company uses a periodic inventocy system and reports the following for the month of June. (a) Compute the cost of the ending inventory and the...
- Q eBook Calculator Materials and Labor Variances Deporte Company produces single-colored t-shirts.Materials for the shirts are dyed in large vats. After dying...
- Q On January 1, 2019, Aronsen Company acquired 90 percent of Siedel Company's outstanding shares. Siedel had a net book value on that date of $561,000 : common stock...
- Q Bogscraft Company has outstanding 69,500 shares of $10 par value common stock and 26,900 shares of $20 par value preferred stock ( 8 percent). On February 1 ,...
- Q Exercise 13-6(Static) Stock issuance for noncash assets LO P1 Sudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and...
- Q The following data are taken from the comparative balance sheet prepared for Warren Road Company: 20X2 20X1 Cash $ 34,000 $ 25,000 Accounts receivable 43,000 40,000 Inventories 68,000 30,000 Property,...
- Q 1. If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years? ...
- Q Palm Industries had cost of goods sold of $16,000. If purcha must have been: ses were $19,000 and ending inventory was $5,000, Ace's beginning...
- Q 7. The also known as the APR, is the effective or true annual interest rate being charged for credit
- Q What do you think the SEC means by this? What factors might make a quantitatively small misstatement qualitatively material?
- Q Agency theory tells a conflict of interest between investors and managers. The agency cost increases as information asymmetry between investors and managers increases. True False
- Q Information asymmetry should be reduced to make the capital market be more efficient. However, accounting professionals are not supposed to be involved to affect the level of information asymmetry because...
- Q Describe phantom stock & SARS are and how they are used to encourage key employees to stay
- Q 1. Crystal Crockery has provided you with the following information about the transactions occurring in January. Assume Crystal Crockery uses the periodic inventory system. Jan 2 Crystal...
- Q Problem 5 - Varying Payments and Equal Principal Repaid McKenna has a loan to be repaid by 17 annual payments at an effective annual interest rate of 3%. Payments 1-11...
- Q On January 1, Blue Spruce Corp. had 63,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the...
- Q Trico bond have an annual coupon rate of 8% and par value of $1000 and will mature in 20 years
- Q During the year, Morgan makes the following donations to his church: cash of $5,500 and stock worth $50,000. Morgan had purchased the stock six years ago for $38,000...
- Q The balance sheet for Shankland Corporation follows: Required Compute the following. (Round "Ratios" to 1 decimal place.)
- Q Bonita Industries required production for June is 172000 units. To make one unit of finished product, three pounds of direct material Z are required. Actual beginning and desired...
- Q ) Assets that qualify for interest cost capitalization include companys own sed A) assets under construction for a com B) assets not currently being...
- Q A change from FIFO to LIFO in a period of rising prices will a. decrease the current ratio and increase the inventory turnover ratio. b. increase both the current ratio...
- Q For 2023, Agn-9h5 Company reported sales revenue of $428,000. At January 1, 2023, Agn-9h5 Company reported an allowance for doubtful accounts with a $19,720 credit balance. There were...
- Q The high-low method a. calculates variable costs per unit by dividing the difference in the high and low activity levels by the high and low costs. b. helps in determining...
- Q Santana Corporation has 400,000 shares of common stock outstanding throughout 2015. In addition, the corporation has 5,000, 20-year, 9% bonds issued at par in 2013. Each $1,000 bond is convertible...
- Q Replacement Analysis BTCF Using MARR 15%, Determine PW(15%) and decide if defender need to be replaced by challenger or not
- Q Required A Required B Prepare a bank reconciliation at December 31. WARREN ELECTRIC Bank Reconciliation December 31 Balance...
- Q Hi My issue is primarily with questions c) and d). So if these could be the most thorough I would really appreciate it. Thank you in advance! ...
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!