Accounting question and answers for July 29, 2023
- Q Im currently working on assignment 6 the discussion section of the Integrated Audit Practice Case and I need help. Can you help me with the following question? 5. Many differences...
- Q Case Study: The ALLTEL Pavilion Case - Strategy and CVP Analysis Overview:...
- Q if goods are sold on terms FOB shipping point the
- Q Problem 1: Journalize the following selected transactions completed during the current fiscal year: Mar. 4 The board of...
- Q how does activity-based budgeting predict a costs objective budget
- Q 3.2 explain the calculation of unit costs and make pricing decisions using relevant informatione James Smith has been reading about pricing options for his business. He has read...
- Q Crane Co. debited an asset account for $1200.00 and credited a liability account for $400.00. Which of the following would be an incorrect way to complete recording? a. debit owner's...
- Q Jensen Company has cash proceeds from sales of $8,400. This amount includes $400 of sales taxes. Give the entry to record the proceeds.
- Q select two companies ( Amazon and Walmart) look at the income statement, the shareholder's equity, the balance sheet and the statement of cash flows. Determine a examination and compute for...
- Q Costello Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials
- Q Roosevelt Company had beginning finished goods inventory of $19,300. During the period, the company produced goods that cost $81,500. If the ending balance in finished goods was $13,300, the amount...
- Q Which of the following manufactured products shoduse process to seled one bags of cement custom bed houses 767 designer orginal evening gowns
- Q The Landrum Company provides the following standard cost data per unit of product: Picture Landrum anticipated that they would produce and sell 24,000 units. During the period, the company produced...
- Q A bank reconciliation is a control with what purpose?
- Q 3. When a company earns revenues, owner's equity increases. 3. When a company earns revenues, owner's equity increases
- Q GIST of ISA 701 (8 marks) brief explain
- Q The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020...
- Q Explain briefly the meaning and importance of any three of the following method of developing ideas. Use clear examples a. Narration b. Description c. Analysis d. Argumentation e. Exemplification
- Q The manufacturing department of Closets! Closets! Closets! Inc. has current sales of $1,300,000, current operating income of $182,000 and an investment turnover of 1.5. What is Closets! Closets! Closets! Inc's...
- Q Please solve
- Q QUESTION; If the bank allowed for a TDS ratio of 28% what would be the maximum mortgage they would have qualified for? Linda and Matthew Pape are both...
- Q Problem 7-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017 ZIGBY...
- Q We're So Close to Spring Break (WSCSB) manufacturers beach towels. Their costs for the period are as follows: Hourly labor per unit: $12.00 Fixed administrative expenses: $76,000 Fixed...
- Q I-17.03 Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table. A unique feature is that the only...
- Q Sage Hill, Inc., spent $91,000 in attorney fees while developing the trade name of its new product, the Mean Bean Machine. Prepare the journal entries to record the $91,000 expenditure...
- Q is it possible to overdo the variance thing by subdividing variances too many times ?
- Q Based on the information below, Tyco was involved in accounting frauds and violated accounting principles. Discuss the following in context of Tyco: (a) Discuss 3 possible motivations behind...
- Q Which of the following dates is the date that the auditor determines that the audit documentation is assembled, final, and complete? (select the best response and then click Submit)...
- Q Show me the steps to solve \table[[ELLER EQUIPMENT COMPANY],[Balance Sheet],[As of December 31, Year 1],[Assets],[Cash,,906,000,],[Merchandise inventory,$,129,000,,],[,129,000,],[Accounts receivable,,91,000,],[Notes receivable,,15,500,],[Prepaid rent,,21,000,],[Supplies,,4,800,],[Interest receivable,,1,900,],[Total current assets,,,1,169,200],[Property, plant and equipment],[Equipment,210,700,,],[Less: Accumulated depreciation,49,000,259,700,],[Land,,78,000,],[Total...
- Q Use T-accounts to record the transactions below, which occur on March 12, 2023, close the T-accounts, and constrict a balance sheet to answer the...
- Q On March 1, Year 1, Denver Inc. purchases 40% of the outstanding shares of Gester Corporation stock for $325,000. On December 31, Year 1, Gester reports net income of $162,000....
- Q In January 2018, Vega Corporation purchased a patent at a cost of $220,000. Legal and filing fees of $59,000 were paid to acquire the patent. The company estimated a 10-year...
- Q The book value of equipment is equal to which of the following? Cost of equipment plus accumulated depreciation. Accumulated depreciation less...
- Q 2. What is the purpose of a special revenue fund? a. To account for revenues legally or externally restricted as an operating expenditure b. To account...
- Q Award: 12.00 polnts In taking a physical Inventory at the end of year 2011, Nadir Company forgot to count certain units. Indicate how this...
- Q The recession that started in 2008 produced a surprise for some manufacturers-- the number of jobs lost was actually lower than in previous recessions. Between 2000 and 2008 many factories...
- Q The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2024 ( $ in thousands):...
- Q fMinden Company is a wholesale distributor of premium European chocolates. The companys balance sheet as of April 30 is given below: Minden Company Balance...
- Q 10 Need this done asap. Please help. Thanks. Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two...
- Q Brief Exercise A-18 If Colleen Mooney invests $7,562.49 now and she will receive $19,500 at the end of 14 years, what annual rate of interest will Colleen earn...
- Q You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of...
- Q Question 5 View Policies Show Attempt History Current Attempt in Progress . Your answer is incorrect. Splish Brothers Inc. purchased a 777 aircraft on January 1, 2022 at...
- Q Profit center managers have responsibility for and authority over their unit's: Group of answer choices a. revenues and investment decisions, but not costs b. costs and revenues, but not investment...
- Q 14-25 Variance analysis, multiple products. Soda-King manufactures and sells three soft drinks: Kola, Limor, and Orlem. Budgeted and actual results for 2011 are as follows: \table[[Product,Budget...
- Q Use of the retail inventory method requires taking a physical count of inventory. True False
- Q Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 15% and the weighted average...
- Q Which of the following occurs when purchased goods are transferred to the Buyer from the Seller at the time and place of sale? a. a voidable delivery contract b. a...
- Q Breakeven point for sales: 300000 variable cost 7201 fixed cost 203015
- Q OFallon Products estimates manufacturing overhead of $400,000 for 2022 and applies overhead to units produced based on 200,000 machine hours. During 2022, OFallon generated 195,120 machine hours and incurred $409,752...
- Q Dani Trading Inc. (DTI) is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year...
- Q Alan and Zach want to set up a Corporation. Alan will be contributing a house worth $250,000 which he originally purchased for $50,000 in exchange for 50% of the stock...
- Q Al Spray recently opened Al's Bar in the University District. Because of licensing restrictions, the only liquor he can sell is beer. The average price of beer at Al's Bar...
- Q If the salvage value was decreased for Asset 1002, what affect would there be on depreciation expense? What affect on the Accumulated Depreciation Small Builders, Inc....
- Q Evan participates in an HSA carrying family coverage for himself, his spouse, and two children. In 2022, Evan has $200 per month deducted from his paycheck and contributed to the...
- Q Howard Company reported the following information for 2014: Sales $ 970,000 Average Operating Assets $ 670,000 Margin 10% The company's return on investment for 2014 was: ANSWER CHOICES: -10.00%. -14.48%....
- Q Bobby Jenks company purchased machinery for $160,000 on January 1, 2004. Straight-line depreciation has been recorded based on a $10,000 salvage value and a 5-year useful life. The machinery was...
- Q Kramer Candy Corporation desires a 11% return on investment (ROI) on all operations. The following information was available for the company in 2014: Sales $30,000 Operating Income $ 5,600 Turnover...
- Q Wayne (49) takes a $9,000 distribution from his traditional IRA to pay some of his daughter's $14,000 qualified education expenses at an eligible educational institution. His daughter paid $6,000 of...
- Q At the internal rate of return (IRR), the present value of cash inflows will be equal to: A) initial investment. B) residual value. C) average operating income. D) profit from...
- Q If sales increase by $30,000 and the VE ratio is 60%, what will be the impact on NOI
- Q NEED DONE WITHIN AN HOUR PLEASE THANK YOU The following information pertains to Wildhorse Video Company. 1. Cash balance per bank,...
- Q Instructions Montenegro Metal Company operates two factories. The company...
- Q Do fast A small scale mining investment is expected to generate $60,000 per year in profits over the next 15 years. If these profits are invested in a mutual fund...
- Q The supplies account had a beginning balance of $3,755 and was debited for $6,755 for supplies purchased during the year. Journalize the adjusting entry required at the end of the...
- Q Misty had reported a deferred tax asset of $25,000 and no valuation allowance at December 31,2023. In its December 31,2024, balance sheet, Misty Co. had income taxes payable...
- Q If a fire destroys the merchandise inventory, the gross profit method can be used to estimate the cost of merchandise destroyed. True False
- Q A company has fixed costs of $400 and marginal cost of $40 per item, if items sell at $60 each, determine the cost function, revenue function, and profit function....
- Q 2. Suppose the mean corrected data matrix is XC. Decompose it with SVD as XC=U*V'. Use (n-1)U as the coordinates for the n observations and *V'/n-1 as the coordinates for...
- Q Parent Corporation acquired 100% of Sub Corporation on January 1, 2020 for $285,000. The trial balances for the two companies on December 31, 2020, included the following amounts: ...
- Q Question 3 Part 1 is based on B124 Book 2 Chapters 1, 2 and 3. (Completing Activity 2.1 in Chapter 2 of Book 2 and the Self-assessed Question 1 (SAQ...
- Q Find the derivative of the following functions 5 i. f(x) = (5x + 3) : ii. g(x) = (x2 3x) iii. f (x) = sin(6x)...
- Q Carla Vista Company issues 6200 shares of its $10 par value common stock having a fair value of $25 per share and 9200 shares of its ...
- Q Kramer Candy Corporation desires a 11% return on investment (ROI) on all operations. The following information was available for the company in 2014: Sales $30,000 Operating Income $ 5,600 Turnover...
- Q Under GAAP, which of the following would affect the net income but would not affect operating cash flows? Select all that apply: a. Purchasing inventory on credit b. Paying next...
- Q The Electronics Division of Apex Company reports the following results for 2014: Revenues $580,000 Operating expenses $520,000 Operating income $ 60,000 Operating assets $700,000 Apex Company has set a target...
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