Accounting question and answers for November 17, 2023
- Q 30. Lorraine invirti $50 000 en una anualidad diferida no calificada a la edad de 50 aos. Tres aos despus, el contrato aument a $64 000 y Lorraine retira $5...
- Q A continuacin se presenta la informacin financiera de Ivanhoe Corporation para 2020. Ganancia en la venta de inversiones 128,000 Ventas netas 36,000,000 Costo de bienes vendidos 24,800,000 Prdida en la...
- Q Lean Accounting Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost...
- Q Part IV. Problem. Shareholders' Equity (30 points) Empresa Semana Santa presents the following information as of December 31, 2021- Preferred stock, 2%, $20 par value 150,000 shares issued...
- Q What are some of the items of income and expense that are not spesifically required to be disclosed but is material for the user?
- Q The company began its operation in 20X1. At the end of 20X1, the cost of inventory was $160,000 while its NRV was $140,000. At the end of 20X2, the cost...
- Q Problem 9-9 Dollar-value LIFO retail [LO9-5] On January 1, 2013, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes...
- Q Company A purchased company B. There 3 situations below are independent. What journal entries should be made? a) company Apurchased the assets and assumed the liabilities...
- Q Anugerah Carpet Cleaning is a small business operating in Rawang, Selangor. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The...
- Q Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit and $22.00 per hour. In April, the company produced 6,900 units using 5,250 direct labor-hours. The...
- Q Bird plans to sell 4,300 units each quarter next year. During the first two quarters each unit will sell for $8.50; during the last two quarters the sales price will...
- Q Net realizable value is Group of answer choices: 1. acquisition cost plus costs to complete and sell. 2. selling price. 3. selling price plus costs to...
- Q Components of the Master Budget and Operating Cycle
- Q Problem 12-46 Cost Allocation for Travel Reimbursement (LO 12-1, 7) Your company has a travel policy that reimburses employees for the ordinary and necessary costs of business travel. Employees often...
- Q #37.) Greer Company desarroll los siguientes datos para el ao en curso: Inventario de trabajo en proceso inicial $ 102,000 Materiales directos utilizados...
- Q Orange Corporation has a deficit in accumulated E & P of $600,000 and has current E & P of $450,000. At year-end, Orange distributes $500,000 to its sole shareholder, Morris,...
- Q An advantage of job order costing is that it allows companies to compare unit product costs to a. jobs at other companies. b. process costing. ...
- Q Customer service costs at BA Inc. are as follows: Number of Customers Served Customer Service Cost March ...
- Q Prepare the two closing entries for Alert Security Services Co. For a compound transaction, if an amount box does not require an entry, leave it blank. Close...
- Q Learning Journal Instructions Why do it? Maintaining a journal serves several purposes: 1. A means of communication, conversation (e.g., between material and...
- Q The Banking Module in SAGE50, is NOT used to: a. Reconcile Bank b. Make a deposit ...
- Q Milligans Millworks pays its employees on a weekly basis. Using the Wage-Bracket tables from Appendix C to compute the federal income tax withholdings for the following employees of Milligans Millworks:...
- Q 1 Service 604110511513674450 Yes 2 Manufacturing 71431455202078839 No 3 Manufacturing 7321530191560702 No 4 Manufacturing 792867899811847696 No 5 Service 6233040215715129 Yes...
- Q Simpson Auto Body Repair compr $20,000 de maquinaria. La empresa pag $8,000 en efectivo al momento de la compra y firm un pagar para pagar el resto en cuatro cuotas...
- Q Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the departments cost records, Professor Morton has found the following total...
- Q During March, Pendergraph Corporation incurred $72,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $74,000. The journal entry to record...
- Q please answer all questions one by one coreectly and academically as a ACCT 1 College student: Answer the following questions and support your responses with detail....
- Q if a firm has prepaid the insurance premium of $1200 in May for the whole upcoming year, then in June of the same month the CASH FLOW statement should have...
- Q Los siguientes datos (en miles de dlares) han sido tomados de los registros contables de Karlana Corporation del ao recin terminado: Ventas $910 Inventario de materias primas, a partir de...
- Q The two basic incentive compensation plans are referred to as plan within a plan and: top-down plan bottom-up plan limited plan
- Q Part A Your boss has decided to purchase you a phone. Create a new workbook named YourLastName-Assignmentxlsx. Create a worksheet that compares the cost of the listed items for...
- Q Sheridan Water Co. is a leading producer of greenhouse irrigation systems. Currently, the company manufactures the timer unit used...
- Q Sandhill Wig Shoppe carries a number of wigs that are made specifically for people who require them while undergoing medical treatment. They use a perpetual inventory system and the FIFO...
- Q ms noble had a taxable income of $147000 in 2023. how much will she pay in taxes ?
- Q Goodwill is considered the most intangible of intangible assets. Going back to the definition of Goodwill in this context, if our business is doing really well and customers get...
- Q A taxpayer is placing a computer terminal into service during the tax year. This computer does not pass a greater use than 50% for business purposes. Which of...
- Q Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 2% stock, $20 par, and 31,000 shares of $50 par common. During its first...
- Q Strayer has a break-even point of 90,000 units. If the firm's sole product sells for $40 and fixed costs total $540,000, the variable cost per unit must be:
- Q PhysiciansRUs is a physician practice in Metropolis. They have 20% of the market in Metropolis and 50% of their patients are insured by UAA. These 10,000 patients average 2.2 visits...
- Q he journal entry to record the direct labor costs for the month would include a debit to Work in Process. Wages Expense. Wages Payable. Factory Overhead.
- Q Craylon Manufacturing produces a single product that sells for $100. Variable costs per unit equal $25. The company expects total fixed costs to be $60,000 for the next month at...
- Q This is a question for someone who has auditing experience: Ch 2 Q 1 1. Discuss the Responsibilities principle. Be sure to include its major elements.
- Q Sunny wanted to know if it is a good idea to start the business of opening the agency, taking into account all the data attached. Base the answer on detailed...
- Q During the current year, Tachnic, Inc., made cash sales of $285,000 and credit sales of $460,000.During the year, accounts receivable decreased by $32,000
- Q Journal Entries under Standard Costing (Appendix), Posting Journal Entries for Variances (Appendix)(LO 10-6,10-9) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit...
- Q Planning an audit of a financial report requires that an auditor plan their audit to reduce audit risk to an acceptable low level. Audit risk can be defined as: A...
- Q 3. Un horticultor gasta $110 000 para plantar arbustos de granada. Los arbustos tardarn cuatro aos en proporcionar una cosecha utilizable. l estima que recibir una cosecha por valor de...
- Q Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both models are assembled in the same plant and require...
- Q Download Financial Statements and Ratios for 2019-2020 for VIZIO. Calculate ROE for 2019 and 2020 by decomposing ROE into three components Profit Margin, Asset Turnover and Financial Leverage
- Q Ringmeup, Inc., had net income of $132,800 for the year ended December 31, 2016. At the beginning of the year, 41,000 shares of common stock were outstanding. On May 1,...
- Q Computation for the present value of annuity due for $30,000 amount of annuity, with 20% interest rate and 5 years deposit period
- Q S98 Tolco Importers Inc. had the following balances at the end of the year, before the year-end adjustments: The aging of accounts receivable yields these data: The table is as...
- Q On September 5, 2016, Palm tree Corp. issued 4,000 shares of $20 par preferred stock and for $25 each. They also issued 25,000 shares of $5 par common stock at...
- Q The following data are available for product no. CK74, manufactured and sold by Ruby Corporation: Maximum capacity with present facilities R 4...
- Q The following data are available for two divisions of Solomons Company: North Division South Division Division operating profit $ 7,000,000 $ 39,000,000 Division investment 28,000,000 260,000,000 The cost of capital...
- Q Please let me know two concepts you have learned so far and why these concepts have helped you. Also, please provide a concept that you would like some more information...
- Q Background: You are the audit manager of JDM, an accounting firm with offices in the Sydney metropolitan area. JDM is a middle tier auditing firm specialising in the audit of...
- Q Los estados financieros de Allendale Company son los siguientes: ALLENDALE COMPANY Balances generales Al 31 de diciembre Ao 4 Ao 3Activos Activos corrientes Efectivo$40,000 $36,000 Valores negociables 20,000...
- Q Describe and illustrate how the market price, negotiated price, and cost price approaches to transfer pricing may be used by decentralized segments of a business.
- Q A company purchased a delivery van for $22,800 with a salvage value of $2,400 on September 1, Year 1. It has an estimateduseful life of 6 years. Using the straight-line...
- Q In which U.S. city was the first organized police department formed? Group of answer choices New York City Boston ...
- Q QUESTION 2 (18 marks) Thandabantu (Pty) Limited makes and sell a single product. The following information is available: 1. The budgeted sales values are as follows: Month R March........................................................................... 800...
- Q Fred Burgess Diesel Service, Inc. repairs commercial diesel generators used to power heavy equipment and locomotive motors for the BNSF Railway. The following budgeted cost data is available for 2021:...
- Q 1. Choose the right statement. The sequence of tasks of a manager can be as follows: a) Setting goals, measuring variances, assigning tasks, preparing performance performance reports, decision making b)...
- Q At May 1, 2020, Waterway Company had beginning inventory consisting of 190 units with a unit cost of $ 7.00. During May, the company purchased inventory as follows: 810 units...
- Q Plastic Molding, Inc.'s costing system utilizes two cost categories; direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added...
- Q TB MC Qu. 7-217 (Static) Bertie Corporation has two... Bertie Corporation has two divisions: Retail Division and Wholesale Division. The following data are for the most recent operating...
- Q Discuss the difference in the tax treatment of deductions for and deductions from AGI. Give examples of each. Why is it important to determine whether a taxpayer is an employee...
- Q Smithson, Inc. produces two types of gas grills: a family model and a deluxe model. Smithsons controller has decided to use a plantwide overhead rate based on direct labor costs....
- Q Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in...
- Q SHOW ALL WORK!!!!!! Nano, Inc. is preparing its budget for the second quarter. The following sales data have been forecasted: unit sales..... April =640 May = 720 June= 780 July=...
- Q For each of the following manufacturing situations indicate whether job order or process costing is more appropriate and why
- Q Top-Quality Stores, Inc., owns a nationwide chain of supermarkets. The company is going to open another store soon, and a suitable building site has been...
- Q An institutional investor is comparing management fees for two competing real estate investment funds. Both funds expect to begin operations and are accepting capital commitments. When the funds begin acquiring...
- Q Under IFRS, a liability that is refinanced after the balance sheet date but before the financial statements are issued would typically be classified as a current liability. ...
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