Accounting question and answers for November 15, 2023
- Q Cul de las siguientes afirmaciones sobre la informacin contable de gestin es falsa? El costo de proporcionar la informacin debe ser considerado a la luz de...
- Q A company purchases a 22,750-square-foot building for $750,000. The building has two separate rental units. Unit A, which has the desirable location on the corner and contains 7,000 square feet,...
- Q Tony and Suzie are ready to expand Great Adventures even further in 2025. Tony believes that many groups in the community (for example, Boys and Girls Clubs,...
- Q Warranty arising from a sample as conforming to finished product _____ ( 7 letters)
- Q Create an idea for a new product or service idea that has not been invented yet.
- Q Collumber Homes company is considering the acquisition of Pharoah, Inc early in 2025. To access the amount it might be willing to pay Collumber homes makes the...
- Q Equipment purchased for $85,000 on January 1, 2006, was sold on July 1, 2008. The company uses the straight-line method of computing depreciation with a useful life of 5 years...
- Q Suppose that a stream of equal payments of amount $25000 per year is to continue in perpetuity. At the interest rate of 10% compute: a) the present value of the...
- Q BioGreen is considering two new projects with the following net cash flows. The firm's hurdle rate is 6%. (PV of $1 = 0.944%, PVIFA of $1 = 4.212, FV of...
- Q HealthGen is analyzing two projects with the following net cash flows. The company’s required return is 7%. (PV of $1 = 0.935, PVIFA of $1 = 4.100, FV of $1...
- Q RenewalEnergy is evaluating two potential projects with the following net cash flows. The company’s discount rate is 14%. (PV of $1 = 0.877, PVIFA of $1 = 3.433, FV of...
- Q TechWave is evaluating two projects with the following net cash flows. The firm's discount rate is 13%. (PV of $1 = 0.885, PVIFA of $1 = 3.517, FV of $1...
- Q OptiNet is considering two projects with the following net cash flows. The discount rate is 10%. (PV of $1 = 0.909, PVIFA of $1 = 3.791, FV of $1 =...
- Q Innovatech has the following net cash flows for two projects. The company’s cost of capital is 11%. (PV of $1 = 0.901, PVIFA of $1 = 3.696, FV of $1...
- Q Sony Ltd is considering investing in a new gaming console project with the following forecasted details: Initial amount invested is R1,800,000 and expected residual value is R130,000.YearCashflowsDiscount factorYear 1R450,0000.909Year 2R460,0000.826Year 3R470,0000.751Year...
- Q Ayen Company has three manufacturing divisions, each of which has been determined to be reportable segment. Common cost are appropriately allocated on the basis of each division's sales in relation...
- Q EcoSolutions is analyzing two projects with the following net cash flows. The required rate of return is 9%. (PV of $1 = 0.917, PVIFA of $1 = 3.890, FV of...
- Q Sony Ltd is considering investing in a new gaming console project with the following forecasted details: Initial amount invested is R1,800,000 and expected residual value is R130,000.YearCashflowsDiscount factorYear 1R450,0000.909Year 2R460,0000.826Year 3R470,0000.751Year...
- Q Vertex Ltd. has two potential projects with the following net cash flows. The firm’s hurdle rate is 15%. (PV of $1 = 0.870, PVIFA of $1 = 2.855, FV of...
- Q Sayon Company renders repair services to its customers.During the month, the company had the following customers:Customer A was billed 25,000, VAT-exclusive, and the entire bill was paid during the month.Customer...
- Q You want to have$2.7 million when you retire in 37 years. You feel that you can save $600 per month until you retire. The APR you have to earn in...
- Q Last year Terrific copying has total revenue of $475,000 while operating at 60% of capacity the total of its variable cost is $150,000 fixed costs were $180,000 what is Terrrific...
- Q XYZ Corporation purchased a building on January 1, 2023, for $5,000,000. The building has a useful life of 40 years with no residual value. The company uses the straight-line method...
- Q An entity reports total current assets of P3,000,000, total noncurrent assets of P7,000,000, total liabilities of P4,000,000, and profit of P2,000,000 for the year ended December 31, 20x1. The entity's...
- Q Cure Pharmaceuticals is engaged in the business of selling drugs and medicines. The following data were made available for the first quarter of 2019:Revenues Php 20,000,000Cost of services 12,000,000Operating expenses...
- Q Healesville Sanctuary is a family-owned and operated wildlife park located in Melbourne. Healesville Sanctuary has more than 150 animal species, some of which are loaned from overseas animal parks. Healesville...
- Q An entity reports profit of P2,000,000 for the year ended December 31, 20x1. The entity's financial statements are authorized for issue on April 3, 20x2. The following events take place...
- Q Apple Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services. The following is Apple's (simplified) balance sheet...
- Q Two individuals, Madeline and Judy, were investigating the acquisition a business owned by Vertigo Corporation (a C corporation). As part of their discussions with the sole shareholder of the corporation,...
- Q Black, LTD. Has received an invoice for $500 subject to trade discount 10%, 20%. A cash discount with terms 4/15, n/30 is offered. If A.R. Black pays the bill within...
- Q Rich man co has 160000 shares of 1$ par value common stock outstanding. it declared a 10% stock dividend on february 1 when the market price per share was 18$....
- Q Jen went to Great electronic shop that has a big sale on computers. The accompanying table gives the number of items falling in each type of computer-sales category. ...
- Q (a) Plot and draw the time series for each stochastic equation below.(i) Yt = at -0.5at-1(ii) Yt - 1.2 Yt-1 +0.2 Yt-2= at(iii) Yt= 20-0.7t + at(b) Explain the reasons to take the...
- Q A firm, BioCom, Inc,. is weighing a proposal to manufacture and market a fiber-optic device that will continuously monitor blood pressure during cardiovascular surgery and other medical procedures in which...
- Q ABC has recently purchased an air-conditioning unit from HM Air Conditioning Ltd. The details of the purchase are given below: RsPrice List 480,000Trade Discount 12.5%Directly attributable costs:´Transport and handling costs 5,500´Estimated...
- Q You're a Graduate Accountant working for Tidy Seek Ltd. ('Tidy Seek') and management have asked for your help to develop an add-on solution.Tidy Seek is a water utility business that...
- Q Easy Company is a non-VAT registered seller of televisions.The company sold and delivered 40 units of TV during the month at 30,000 each.Out of the 40 units sold, 15 units...
- Q Beacon, Incorporated reported the following amounts at the end of the first year of operations:Common stock$ 332,000Sales revenue$ 1,328,000Total assets$ 996,000Dividends declared and paid$ 76,000Total liabilities$ 400,000What are the retained...
- Q The following data was collected on 90 car owners in Town A.Red carBlue carBlack carWhite carOther color carMen871588Women4518125What is the probability that a car owner is a woman and has...
- Q Acker Inc. was formed on 5/1/2023. During its first month of operations, it recorded the following seven transactions in its general journal and posted these transactions to the general ledger:DateAccount...
- Q For each of the items below, need necessary correcting journal entries. The current year is 2014 and the books are still open. Any errors noted, including for prior years, were...
- Q Calculate a monthly pension payment that can be withdrawn from a 10,000 investment, given 8% annual rate of return through 20 years of retirement, with the 20th year interest rate...
- Q On 5/5/2018, a CEO exercised 100 options to buy a company's stock at the $50 exercise price. The market price of the company's stock is $80 on that day. A...
- Q 1. What is the required revenue to satisfy the following conditions? Contribution margin per unit = $4, breakeven (operating income = $0), fixed cost = $18,000, average variable cost per unit =...
- Q I. Select a long-term capital investment by your own choice for your Human Resources group , e.g., an applicant the tracking system, recruitment assessment center, new training conference center, etcII....
- Q Support department cost allocationsequential method Crystal Scarves & Co. produces winter scarves. The scarves are produced in the Cutting and Sewing departments. The Maintenance and Security departments support these production...
- Q Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during...
- Q To support herself while attending school, Taylor sold refurbished cell phones. During the first year of operations, Taylor purchased the cell phones for $280,000 and sold them for $390,000 cash....
- Q Information on four investment proposals is given below: Required: 1. Compute the profitability index for each investment proposal. (Round your answers to 2 decimal places.) 2....
- Q Jill inherited 100 shares of GoTech Inc. stock when her mother died on October 21, 2018; the fair market value of the stock was $20 per share. Her mother paid...
- Q Stark Technology adjusted trial balance on December 31, 2020 appears in the worksheet as follows: No. Account Debit Credit ...
- Q For interim financial reporting, a company's income tax provision for the second quarter of 2011 should be determined using the a. statutory tax rate for 2011. b. effective tax rate...
- Q Silver Company makes a product that is very popular as a Mothers Day gift. Thus, peak sales occur in May of each year, as shown in the companys sales budget...
- Q QUESTION 1 The following trial balance has been prepared for Vale Ltd as at 31 December 2023. Except where stated, the additional information...
- 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 Employee SUTA Contributions Some states impose a contributions requirement on employees in addition to the contributions made by the employer. Computing an employee's withholding is computationally no different than an...
- Q The following information is available for Joey Company: Allowance for doubtful accounts at December 31, 2021 $ 17,000 Credit sales during 2022 2,200,000 Accounts receivable deemed worthless and written off...
- Q Lance has two adult children from a previous marriage. He has gifted them money for the past three years from his separate bank account and his wife has consented to...
- Q Calculate the number of periods for the following present value, interest rate, and future value: PV=21,500 ; r:12% ; FV= 173,439 a) 18.42 b) 8.71 c) 21.37 d) 24 .81...
- Q 1.Unikai company LLC have some surplus funds for a short period of time which they want to invest in some short-term securities. Which of the following is not an appropriate...
- Q On January 1, 2020, Cheechoo Company acquired a 70% interest in Boyle Company for a purchase price that was $240,000 over the book value of the Boyles Stockholders Equity on...
- Q Recently, you have been hired to manage all of the accounting duties for a local hardware store. This is your first job since graduating. The Harper Hardware Store is a...
- Q Liquidity refers to: A. The life cycle of the company B. None of the above C. The amount of receivables and payables the company has on the balance sheet D....
- Q Which statement is true? A)Income shifting never occurs as a result of different country's tax rules. B)Double taxation is the norm in international tax C) Worldwide tax systems are...
- Q During 2017, Linda has a $12,000 net loss from her beauty salon. Her spouse, Bart, earns $23,000 as a tennis professional. During 2017, Bart purchases $215,000 of Section 179 equipment...
- Q Wesco Incorporateds only product is a combination fertilizer/weedkiller called GrowNWeed. GrowNWeed is sold nationwide to retail nurseries and garden stores. Zwinger...
- Q Ivanhoe, Inc. produces three separate products from a common process costing $100,600. Each of the products can be sold at the split-off point or can be processed further and then...
- Q Which of the following statements is false about the test data approach when testing a computerized accounting system? a. Controls may only be tested for one moment in time. ...
- Q Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding...
- Q What is the difference between "outsourcing" and "offshoring?" Why might this difference be important to managers?
- Q Required information Schedules of Expected Cash Collections and Disbursements; Income Statement; Balance Sheet [LO8-2, LO8-4, LO8-9, LO8-10] [The following information applies to the questions displayed below.] ...
- Q Tiger Company and Bulldog Company merge on January 1, 2018. Before the merger transaction, the balance sheets of the two companies are as follows: ...
- Q Phormer Company issued ten-year, 10% term bonds with a face value of $500,000 at a yield rate of 12%. Interest is payable semiannually on 6/30 and 12/31 and the company...
- Q The following information is available for Lansing Closets for the fiscal year ending December 31, 2017. Beginning balance in Finished Goods $ 12,000 Ending balance in...
- Q Managing the risk of material misstatement in the purchasing process is critical. Identify two (2) different industries and analyze how these risks differ from one industry to the other. Also,...
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