Accounting question and answers for November 01, 2023
- Q Please provide appropriate journal entry and the calculations as to how you came to your figures. The following events occurred during the first half of...
- Q 1. Your company sells $729,300 of goods during the year that have a cost of $528,600. Inventory was $31,083 at the beginning of the year and...
- Q Blanchard Company manufactures a single product that sells for $104 per unit and whose total variable costs are $78 per unit. The companys annual fixed costs are $369,200. Management targets...
- Q Find the effective annual interest rate r of the given annual interest rate. Round your answer to the nearest 0.01%. 9% compounded quarterly r = %________
- Q Which of the following is not a reason why companies should budget? a) To facilitate goal congruence. b) To communicate the expectation of management to employees. c)...
- Q Cutter Enterprises compr equipo por $72 000 el 1 de enero de 2024. Se espera que el equipo tenga una vida til de cinco aos y un valor residual...
- Q Cowell Corporation is considering an investment in new equipment costing $155,000. The equipment will be depreciated on a straightminusline basis over a fiveyear life and is expected to generate net...
- Q PLEASE DO ALL PARTS (part 2 to part 7) Exercise 7-21B Complete the accounting cycle using long-term asset transactions...
- Q ID: A 14. Which of the following are characteristics of managerial a. It is geared toward the management of...
- Q Discount Amortization On the first day of the fiscal year, a company issues a $7,300,000, 8%, 8-year bond that pays semiannual interest of $292,000 ($7,300,000 8% ), receiving...
- Q Present value of an annuity Determine the present value of $320,000 to be received at the end of each of 4 years, using an interest rate of...
- Q When briefing a case, the holding is usually a question the plaintiff ...
- Q Computing Revenues under Long-Term Contracts three-years combined, using the cost-to-cost method
- Q A taxpayer can invest $10,000 in a taxable 10-year bond that yields an annual pretax return of 6 percent or buy land (a capital asset) for $10,000 that is expected...
- Q Greece Corporation has the following accounts in its general ledger as at December 31, 2023. The company was authorized to issue 500,000 common shares and had actually issued 310,000. Accounts...
- Q Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Example 2.] (Round your...
- Q Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:...
- Q You are a financial analyst with the Department of Justice and you are responsible for the budget related to correctional facilities. Which of the following current-year events are you...
- Q 2: North Department Store sells gift certificates that are redeemable in merchandise. During 2014, North sold gift certificates for $88,000. Merchandise with a total price of...
- Q Yan Corp. had the following stock issued and outstanding at January 1, 2014: 1. 43,000 shares of no-par common stock. 2. 8,900 shares of $80 par, 6 percent, cumulative preferred...
- Q Which one of the costs below is NOT considered part of direct labour costs? O gross earnings of factory workers O gross earnings of the...
- Q please add the formulas only!!! Prepare a schedule of net cash provided by operating activities. XH - Prepare the Operating Activities Section of a...
- Q Olsen Company sells paper products to restaurants and stores across the country. Recently Olsen purchased a new machine for $100,000 by paying cash of $20,000 and signing a note payable...
- Q Recording purchases, returns, and discounts taken (above is 1/3). Above is...
- Q Note: For the following problems use the following rates, ceiling, and maximum taxes. Please show your work. Employee and Employer OASDI: 6.20% $147,000 $9,114.00 ...
- Q Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Example 2.] (Round your...
- Q Which of the following is the effect of impaired goodwill on liquidity and profitability metrics? Select one: a. Both profitability and liquidity will remain unaffected b. Both profitability and...
- Q Given the trial balance amounts below, compute ending retained earnings. Common stock $145,200 Accounts payable $30,250 Cash $141,140 Accounts receivable $27,000 Supplies $1,850 Office equipment $28,200 Prepaid rent $3,900...
- Q Dansko Integrated Balance Sheet As of January 24, 2022 (amounts in thousands) Cash 9,900 Accounts Payable 2,700 Accounts Receivable 4,500 Debt 3,500 Inventory...
- Q Coleman Inc., has sales of $40 million, total assets of $50 million, and total debt of $10 million. If the profit margin is 10 percent, what is net income? What...
- Q Which statement below is not correct? A. Partners may not receive cash before creditors receive cash when liquidated a limited liability partnership B. A loan receivable from a partner is...
- Q Samual Wright owned and managed a franchise of Atlanta Espresso, Incorporated. The company's balance sheet accounts had the following balances on September 1, 20X0, the beginning of a...
- Q The following details are provided by a manufacturing company: Calculate the payback period for the investment. (Round your answer to two decimal places.) A. 2.77 years B. 2.67...
- Q A client comes to your tax firm. She asks you to research a tax issue and advise her on how to reduce her exposure to an IRS audit. What resources...
- Q Under the indirect method of determining the net cash provided by operating activities on the statement of cash flows, a loss on the sale of an asset would...
- Q pls help the last one was incorrect Pharoah Company reports the following operating results for the month of August: sales $320,000 (units 5,000): variable costs...
- Q Exercise 24-18 (Algo) Net present value, unequal cash flows, and internal rate of return LO P3, P4 Phoenix Company is considering investments in projects C1 and C2. Both require an...
- Q In order to measure the carrying value of investments in bonds, which of the following time value of money concepts is used? A: the present value of an ordinary annuity...
- Q Tannor Inn rannrte the fallnwesine information. What is the unit product cost using variable co A. $132 B. $129 C. $68 D. $71
- Q Considere un activo inmobiliario MACRS a 5 aos con una base de costo instalado y "listo para su uso" de $100. (Nota: El valor de $100 utilizado aqu tiene fines...
- Q In variance analysis, Adverse and Favourable variances are subjective to the type of variance being calculated. What type of variance determines a variance favourable or adverse when the budgeted...
- Q Four Finger Appliance Company manufactures small kitchen appliances. The product line consists of blenders and toaster ovens. Four Finger Appliance presently uses the multiple production department factory overhead rate method....
- Q 34. Mignon Company reported the following in its Statement of Cash Flows: Cash Flow from Operating Activities: $28,000 Cash Flow from Investing Activities: ? Cash Flow from Financing Activities: $(37,000)...
- Q Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 33 $ 83 $ 2,739 March 28...
- Q Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis
- Q Mis the sole shareholder of N Corporation. For the past five years, N has reported little or no taxable income as a result of paying Ma...
- Q Multiple Choice How would the declaration of a 15% share dividend by a corporation affect retained earnings and total shareholders' equity? Retained earnings, decrease; total shareholders...
- Q Magnolia, Inc. manufactures bedding sets. The budgeted production is for 14,200 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 4,160 yards...
- Q Sparkman Co. filed a bankruptcy petition and liquidated its noncash assets. Sparkman was paying thirty cents on the dollar for unsecured claims. Bailey Co. held a mortgage of $120,000 on...
- Q Product cost method of product costing MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and...
- Q Aracel Engineering completed the following transactions in the month of June. Using the following transactions, record journal...
- Q 20) Crafty Creations creates sweaters using the wools of cashmere goats. The wool used in the manufacturing process is ordered by the bundle. Crafty requires 2,400 bundles of wool per...
- Q Advertising a new health beverage is an example of a product-level activity. Select one: True False
- Q Calculate the following ratios: (round to two decimal places)
- Q On June 1, Merando Company borrows $120,000 from First Bank on a 6-month, $120,000,8% note. 1) Prepare the entry on June 1. 2) Prepare the adjusting entry on...
- Q KRI 3 unplanned maintenance incidents Purpose/why- the Purpose of this indicator is this lag or leading indicator? How could this be reported or presented (ex. dashboard, alert system, regular email/updates,...
- Q Qu hace QuickBooks Online si intenta importar un cliente que ya existe en la empresa? A. Agrega un elemento duplicado. B. Ignora el nombre. C. Le solicita...
- Q Suppose you deposit $2000 into an account at the end of each year for the next 10 years and then you stop making deposits. If the account earns 12% (assume...
- Q **The following is the data relating to a company for the years 2002 and 2003: - *year 2002 :- Total revenue: 1,500,000 Consumption of capital equipment: 560,000 labour rates: 186,000...
- Q Consolidated financial statements are being prepared for Behemoth Corporation and its two wholly-owned subsidiaries that have intercompany loans of $50,000 and intercompany profits of $100,000. How much of these intercompany...
- Q 1. Find the accumlated present value of a continuous stream of income at rate R(t)=$235,000, for time T=18 years and interest rate k=7%, compounded continuously. The present value is? 2....
- Q Bluegill Company sells 13,200 units at $420 per unit. Fixed costs are $277,200, and income from operations is $1,386,000. Determine the following: Round the contribution margin ratio to two decimal...
- Q Jane contributed a building with an adjusted basis to Jane of $50,000 and a fair market value of $150,000 subject to a mortgage of $120,000 in exchange for a 30...
- Q Here are selected 2017 transactions of Novak Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine...
- Q Through ethics involves our professional relationship to clients and our society at larte eithical challenges and how we resolve them have a big impact on how we feel about ourselves,...
- Q QUESTION 10 Airlines enjoy a state action exemption from antitrust laws. O True O False
- Q Assume that you are told that the firm decides to market one of its product lines using a strategy with the following first year projections: (5 pts. show your...
- Q 2. Ratio Calculation On each data tab, use formulas to calculate the following financial indicators for each year of data: o Current ratio o Debt/equity ratio o Free cash flow...
- Q As discussed in todays meeting, Paddle-up Inc.s Board of Directors has requested pro-forma financial statements for several acquisition scenarios of Stream Company. For the past several years Paddle-Up Inc.s Executive...
- Q A primal pork shoulder costs $1.27/#. After butchering, cooking, and trim loss tests, the EP cost multiplier is determined to be 1.68. What is the EP cost per ounce for...
- Q Spice Inc.'s unit selling price is $45, unit variable costs are $40, fixed costs are $115,000, and current sales are 9,600 units. How much will operating income change if sales...
- Q On January 1, 2014, Doone Corporation acquired 70 percent of the outstanding voting stock of Rockne Company for $588,000 consideration. At the acquisition date, the fair value of the 30...
- Q Clark Dental Services' general ledger at June 30, 2024, included the following: Cash $6,290, Supplies $1,490, Equipment $64,800, Notes Payable $51,800, Accounts Payable $910, and S. Clark, Capital $19,870. During...
- Q Budgeting When governments reduce their funding to hospitals and universities, often the executives respond with a demand for an equal percentage reduction in costs by all business functions. Is this...
- Q Question 11 ou have recently seen a credit card advertisement Mates that the percentage rate is 5.0 percent. the credit card requires moments, what is the...
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