Accounting question and answers for November 01, 2023
- Q A gym owner is considering opening a location on the other side of town. The new facility will cost $1.36 million and will be depreciated on a straight-line basis over...
- Q 18. On January 1, 2018, Harsel Company issued $400,000, 10-year bonds for $450,000. The bonds pay interest on June 30 and December 31 using a coupon rate is 7%. Using...
- Q Required: 1. Calculate ending inventory using the lower of cost and net realizable value rule. 2. Based on your analysis, prepare the journal entry needed to...
- Q The process of transferring the debits and credits from the journal entries to the accounts is known as
- Q Last year, fixed manufacturing overhead costs were $30,000, variable production costs were $48,000, fixed selling and administration costs were $20,000, and variable selling and administrative expenses were $12,000. There was...
- Q Correct or Incorrect? When a company buys back its own shares, it does not result in change of the total shareholders equity. Share capital can be used to declare dividends....
- Q The bank portion of last month's bank reconciliation for Pharoah Limited at October...
- Q Partner A first contributed $20,000 of capital into an existing partnership on February 1, 2019. On June 1, 2019, the partner contributed another $20,000. On September 1, 2019, the...
- Q 950 Particulars In the solution given above, firm underwriting was allowed to be set off against the individual liability of each underwriter (by inclusion...
- Q Which activity base would be most appropriate for applying overhead to production in a labour intensive environment where more overhead is used by highly skilled and paid employees? ...
- Q He paid his Note, including interest based on a 360 day year, related to his common stock purchase in full. Payment was deposited into the operating account. What...
- Q D&D Company paid $20,500 to acquire a 100 ton press. Freight charges to deliver the equipment amounted to $1,700 and were paid by S&D. Installation costs amounted to $870, and...
- Q Which of the following accounting conventions would an accountant most likely apply in hire purchase contracts? Question 17Answer a. Materiality b. Full disclosure c. Substance over Form d....
- Q Continuous Flow versus Departmental Flow Manufacturing Bienestar Inc, has the following departmental structure for producing a well-lcnown multivitamin: A consultant designed the following cellular manufacturing stucture for...
- Q 12 of 19 The accounting records of Shamrock Electronics show the following data. Beginning inventory quad3,000 units at $5 Purchases quad7,000 units at $7 Sales quad9,400 units at $10 (a)...
- Q If you wish to accumulate $120,000 in 11 years how much must you deposit today in an account that pays an annual interest rate of 6%
- Q The table above depicts the cost and demand structure a natural monopoly faces. If regulators required the firm to oractice marginal cost priong. the quantity precture...
- Q Production workers for Stuart Manufacturing Company provided 5,300 hours of labor in January and 3,600 hours in February. The company, whose operation is labor intensive, expects to use 48,700 hours...
- Q MSI is considering outsourcing the production of the handheld control module used with some of its products. The company has...
- Q 13. If a company's bonds are callable, A. the investor or buyer of the bonds has the right to retire the bonds. B. the issuing company is likely to retire...
- Q Note: This problem is for the 2020 tax year. On February 12, 2006, Nancy Trout and Delores Lake formed Kingfisher Corporation to sell fishing tackle. Pertinent information regarding Kingfisher is...
- Q Choose the best answer. All else being equal, when the company buys back its own shares: The price-earnings ratio could decrease Earnings per share could decrease Asset turnover could decrease...
- Q For Little Annin Flagmakers, Cost of Goods Sold Budget (USD), how is the finished goods calculated? I see the result is 500. However, I would like to see the calculation....
- Q In auditing Train Company, you obtain directly from the bank Trains bank statement, canceled checks, and other memoranda which relate to the companys bank account for December 2016....
- Q The owners equity accounts for Hexagon International are shown here: Common stock ($.60 par value) $ 45,000 Capital surplus 340,000 Retained earnings 748,120 Total owners equity $ 1,133,120 a-1. If...
- Q On August 1, 2012, Al-Ali Co. received $14,000 cash from Al-Hamad Co. for services expected to be completed by December 31. Analysis reveals that Al-Ali earned $4,000 of the services...
- Q Problem 10-24(Algo)(LO 10-1,10-3,10-4) On December 18,2020, Stephanie Corporation acquired 100 percent of a Swiss company for 4.006 million Swiss francs (CHF), which is indicative of book...
- Q Good Evening, Can you answer this question for me and ensure its in editable format. Thanks Question - What will be the present value, if $5,400 is discounted back 4...
- Q The following information applies to the questions displayed below.] Linda owns a lawn maintenance company, and Susan owns a machine repair shop. For the month of July, the...
- Q Bramble Inc. finished Job B14 during 2022. The job cost sheet listed the following: Direct materials Direct labour Manufacturing overhead applied Units produced Units sold...
- Q Which one of the following types of companies would most likely use a job-order cost system? O manufacturer of duct tape of petroleum O manufacturer...
- Q Qets/ Tuomet Atelier de bure for the applicant Qets/ Tuomet Atelier de bure for the applicant
- Q Renting versus Owning The goal of this exercise is to compile all cash flows associated with each form of occupancy, and then calculate the rate of return that will be...
- Q I need answer of Question 6? Below is the unadjusted trial balance for Walton Anvils as of December 31, 2016, and the data for the adjustments. ...
- Q a) The face value of a bond is the amount of cash that the borrower receives at the start of the bond. b) When accumulated depreciation is increased during the...
- Q Subject - Business and corporate law When will the courts imply terms into a contract? (Maximum 150 words)
- Q What is Managerial Accounting? Explain the three vital activities of managerial accounting (i.e.,planning, controlling, and decision making). Research and discuss the following topics of managerial accounting: ethics, strategic management, enterprise...
- Q ACTG 3400 Tax Research Assignment #1 The primary purpose of this assignment is for you to practice navigating the Internal Revenue Code in a tax research database. Your...
- Q 10 What are the six assumptions of CVP analysis listed in this chapter and why are the assumptions of CVP analysis important
- Q Match the following accounting terms with their correct cholces: 1. Asscts: A. Resources owned by a company that provide future economic benefits. 2. Liabilities;...
- Q 3) Record the adjusting journal entries listed below (see letters *a-j') and then post those adjusting entries to T-accounts. Create new accounts, as...
- Q Economic Reality Audit Hi Everyone.... Great start here.....As we begin to wind down answering our first set of questions, let me start with another..... Can anyone explain what economic reality...
- Q On February 5 your business sold inventory worth $56000 to a customer for $42000. You shipped it FOB shipping point and the terms were 2/15,n/30. The next day, the appropriate...
- Q On January 1, 2018, Coates Company retired $750,000 of bonds by purchasing them in the open market at a price of 95. On the date of retirement, the bonds had...
- Q Calculating Weighted Average Cost of Capital and Economic Value Added (EVA) Ignacio, Inc., had after-tax operating income last year of $1,196,000. Three sources of financing were used by the...
- Q What is the advantage of performing sensitivity analysis along with breakeven analysis?
- Q @@@ This question already posted and got correct answer. dont answer this question ,i will give 10dislikes,. do not copy from chatgpt or any ai @@@...
- Q Fixed costs, variable costs, and revenues are all included in profitability analysis? Select one: True False
- Q why would a firm want to segment his target market?
- Q Based on the following data please do the following 1. Populate the Table (7 Marks) 2. Plot the Divisions on IE Matrix (10 Marks) 3. Suggest...
- Q LO S.1 Use the following excerpts from the year-end Adjusted Trial Balance to prepare the four journal entries required to clase the books: \table[[,Adjusted Trial Balance...
- Q What is the exclusionary rule and how does it impact the criminal investigator? How does an investigation/police report, and specifically the criminal investigator's writing ability, play a role in overcoming...
- Q A medium-sized food processing plant is considering re-designing one of its packaging operations. The operation is currently being performed by two labour workers. Due to the...
- Q Make reference to paperwork, templates and procedures in place, as well as where you would access and store these materials. I Make reference to paperwork,...
- Q Which of the following is the best way to handle manufacturing overhead costs in order to obtain the most timely job cost information? O The...
- Q A trust distributes 30% of its income to Mark and 20% to Nancy. The remaining 50% is accumulated. The trust's depreciation is $1,000. The trust instrument is silent regarding the...
- Q Which of the following statements are TRUE of limited liability companies? (1) Limited liability refers to the fact that the companys exposure to debts and liabilities is limited...
- Q A company's division has sales of $2,520,000, income of $730,800, and average assets of $2,100,000. Compute the division's profit margin, return on investment, and investment turnover
- Q Series EE Bond Interest. In 2016, Harry and Mary purchased Series EE bonds, and in 2020 redeemed the bonds, receiving $500 of interest and $1,500 of...
- Q what is the journal entry \begin{tabular}{|l|l|l|l|} \hline Feb 16th & \begin{tabular}{l} Paid $47,856 in salaries earned by \\ employees during the first half of \\ February. \end{tabular}...
- Q Budgets can be used to evaluate managerial performance in: I. Cost centres II. Profit centres III. Investment centres a. II only b. I, II, and III c. II and III...
- Q Hank was transferred from Phoenix to North Dakota on March 1 of the current year. He immediately put his home in Phoenix up for rent. The home was rented May...
- Q Direct Labor is considered a Fixed Cost Variable Cost Overhead ...
- Q appreciate the help Troy Engines, Ltd, manufactures a variety of engines for use in heavy equipment. The company has always produced all of...
- Q o $50 favorable. o $225 favorable. o $425 unfavorable. o $610 unfavorable. o $650 unfavorable
- Q Victor Company is considering disposing of equipment that was originally purchased for $200,000 and has $150,000 of accumulated depreciation to date. The same equipment would cost $310,000 to replace. What...
- Q What is meant by the Doctrine of Precedent? (Maximum 250 words) Subject ; Business and corporate law
- Q 5. What is the amount of dependent care credit for a couple with two children, age 10, and 14 where they spend $3,000 for dependent care for the 10 year...
- Q Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: ...
- Q Assuming a margin of 2 paise and the Inter-Bank Spot rates of GBP/USD 1.3150/3160., Spot USD/INR 77.0200/0300., Cash/Spot USD/INR at level, what would be the best rate (value today) to...
- Q The purpose of recording depreciation expense is to: Select one: A. Provide cash necessary to replace long-lived fixed assets when they are used up B. Match expenses with revenues C....
- Q Stuart Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $95,000 per concert. Required What are the...
- Q Submit Answer 6. (-/1 Points) DETAILS Compute f(a) algebraically for the given value of a. HINT (See Example 1.] (x) = mx + b;...
- Q 34) Qualitativecharacteristics are the attributesthat makeinformation provided in financial reports useful to 35) Comparability implies that the information provided in financial reports is readily...
- Q John Smith is a Revenue Manager at Harbor Inn and has 200 hotel rooms to sell this week. On Friday night, the demand is forecasted for 230 rooms, so John...
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