Accounting question and answers for November 18, 2023
- Q Please show all work and formulas for credit Part 2 contains 3 Decision making recommendations that are independent of each other. Covers material in Module 17...
- Q x
- Q Develop a threejs scene that uses at least two materials, at least three geometries as well as the following instances: at least three lights (one point, one ambient, one spotlight)...
- Q Tobias owns a bowling alley which was completely destroyed this year by a tornado. The fair market value of the bowling alley was $230,000 before the tornado and its adjusted...
- Q year is 27,500. system is beliow calculate predetermined overhead rate
- Q cumulative problem Echo System
- Q Beginning in 2027, the Saver's Credit will be replaced with a new savings program included in SECURE Act 2.0. This program is called the: Refundable Saver's Credit. Free...
- Q A company activated a machine on 1st of July 2021. The acquisition cost of the asset: 12.000.000 HUF and the residual value is 2.000.000 HUF. The expected useful life 5...
- Q Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities...
- Q On a previous sale of $3,000, Ryan Co. accepts a return of $1,000 from its customer. The original cost of the goods returned was $450. The entry to record this...
- Q With reference to s.18 of the Australian Consumer Law, outline and describe what is misleading or deceptive conduct? Support your answer with reference to a case.
- Q Alex Hardaway borrowed $90,000 on March 1, 2008. This amount plusaccrued interest at 12% compounded semiannually is to be repaidMarch 1, 2018. To retire this debt, Alex plans to contribute...
- Q Health Savings Accounts may not be used as pre-tax deductions for which type of costs? Multiple Choice Long-term medical care expenses Prescription expenses ...
- Q DO IT! 13.2a (LO 2), AP PK Photography reported net income of $100,000 for 2022. Included in the income statement were depreciation expense of $6,300, patent amortization expense of $4,000,...
- Q Cost of goods sold
- Q Danzig Inc. factors $10,000,000 of its accounts receivables without recourse for a finance charge of 6%.The finance company retains an amount equal to 10% of the accounts receivable for possible...
- Q Please answer with reason for all why the option is correct and why the other options are incorrect.. Which of the following conditions have to be met to receive calls-in-advance?...
- Q Bill and Herbit are to share profits in the ratio of 3:2. Net profit is $85,000 and interest on drawings is $5,000. No salary or interest on drawings is to...
- Q (A) Sunny Company is investigating four different opportunities. Information on the four projects under study is as follows: Project 1234 ...
- Q the depreciation method which uses a depreciation rate that is a multiple of the straight line rate is called
- Q DO IT! 12.2 (LO 2), AN Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $120,000. It will have a useful life of...
- Q What is the Return on Equity for Tesla and Ford in 2021? What is the Price-Earning Ratio for Tesla and Ford in 2021? What is the debt to equity for...
- Q On January 1, 2018 John and Jane decide to admit a new partner, Tom, for a 1/6 interest in the firm for $175,000. The bonus method is used to record...
- Q Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $286,000, total variable expenses were $234,520, and fixed expenses were $38,000. Required: 1. What is the companys contribution...
- Q Identify the normal balance debit or credit for each of the following accounts a factory B rideshare revenue see haircutting revenue B account payable E land F office supplies...
- Q The Atgar Corporation records all purchases and thecorresponding liabilities net of cash discounts. Whenever it paysafter the discount period, it credits cash for the full amount ofthe invoice, and debits...
- Q 1. What type of property is best for investment?( 3 answers needed) 2. What are the pros and cons of investing in property? (...
- Q Suppose a technician who assembles Honda cars earns $16 per hour. The technican works 46 hours during a week instead of the scheduled time of 40 hours. The overtime pay...
- Q information used by mangerial accounting is
- Q cuando comienza, puede esperar que las ventas estn muy por debajo de las 1,000 tazas diarias. Cul es su flujo de efectivo neto proyectado si solo vende 300 tazas medianas...
- Q ackson & Company has no-par value common stock outstanding that is selling at $30 per share. The companys CEO believes that the stock price is undervalued and decides to buy...
- Q Total contribution margin in dollars divided by pretax income is the: Select one: a. Degree of operating leverage. b. Contribution margin ratio. c. Margin of safety. d. Sales mix. e....
- Q From the following information for Alfred industries, computethe overhead spending variance and the volume variance. Standard manufacturing overhead based on normal Monthlyvolume: Fixed ($300,000 / 20,000units).$15.00 Variable ($100,000...
- Q Utilice la siguiente informacin para calcular el efectivo pagado por sueldos y salarios: Gastos de sueldos $ 174 000 Salarios por pagar, 1 de enero 7 000 Salarios por pagar,...
- Q Wells Technical Institute (WTI) provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially...
- Q Prepare a table to show the total revenue Nashville Sports Connection earned from membership fees for a fiscal period. Fees were collected by type of membership: single, $25; double, $40;...
- Q Assume that you are auditing the financial statements of Wexler Incorporated Wexlers financial statements include a number of significant estimates. Required: a. Describe the desired internal controls over...
- Q Unico Pty Ltd presently makes 20,000 units of a certain part to use in production. The cost to make the part is $20 per unit including $15 in variable costs...
- Q Critically evaluate the Auditor's opinion on the remuneration report of different committees. (200 words, approximately) Sydney Airport
- Q The clearance in the engine cylinder has no effect on the steam consumption. aTrue bFalse
- Q Net income of ABC Ltd for the year ended 31/3/2022 2,750,000 Additional Information: Depreciation provided for 1,150,000 Increase in Debtors 1,500,000 Increase in Inventory 800,000 Decrease in Creditors 1,240,000...
- Q Q2- Suppose that a bond has a face value of $1000, a coupon rate of 8% and a maturity of 2 years. The bond makes semiannual coupon payments and the...
- Q The term regulation refers to how rule are to be applid..
- Q 71. Garner Vs. Murray rule is applicable when- A. All partners are insolvent B. All partners are solvent c.Some partners are insolvent D.None of the above
- Q Continuous Problem 07-01 7C. Part 1. Private Purpose Trust Fund Transactions The City of Monroe Scholarship Foundation private-purpose trust fund had the...
- Q depreciation of the finished goods warehouse forklifts are what type of cost?
- Q Explain how you tell the difference between a joint product and a byproduct. What is an example of a joint product situation? List the different products produced
- Q Schultz Company expects to manufacture and sell 30,000 basketsin 20X4 for $6 each. There are 3,000 baskets in beginning finishedgoods inventory with target ending inventory of 4,000 baskets. Thecompany keeps...
- Q x
- Q Canadas senate should be elected or not. Explain both sides (250 word each)
- Q x
- Q Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the yearJob...
- Q Ron and Willies home was damaged by a flood this year that is part of a federally-declared disaster area. The fair market value of the home before the flood was...
- Q Companies use a predetermined overhead rate rather than an actual overhead rate because
- Q You have decided to purchase a car. You have found aclean used car that will cost you 8,500. You can finance yourpurchase through the dealer at an annual rate of...
- Q Some commentators have questioned the contribution which non-executive directors (NED's) may make to the work of the board. Discuss the criticisms which have been made concerning the effectiveness of NED's...
- Q Sadie Cuono started her own consulting firm, Cuono Consulting, on May 1, 2020. The trial balance at May 31 is as follows. Cuono Consulting Trial...
- Q Under what circumstances is it better to issue equity stock or long-term bonds over the alternative? Discuss the positive and negative ramifications by choosing one over the other.
- Q Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities...
- Q Madaline is a government employee who is provided a car for commuting and other work-related purposes only. In the last calendar year, her commute is 24 miles each...
- Q Micro and Macro environment factors affecting the ice cream business
- Q Depreciation helps in determining ________. (a) Increases the value of the asset (b) Revenue generation ...
- Q Cules de los siguientes elementos son elementos de conciliacin en el lado del banco de la conciliacin? a. cheques pendientes y correccin de errores contables b.depsito en trnsito...
- Q Part (B) Accounting Cycle Comprehensive Problem Best solutions, Inc. completed the following transactions during January 2019: Shareholders invested in the business $60,000 cash and a...
- Q What are some things that could indicate there might be an issue with a balance sheet presented by a small business client?
- Q What should we write in the units produced section?
- Q Bledel Company had accounts receivable of $100,000 on January 1,2010. The only transactions that affected accounts receivableduring 2010 were net credit sales of $1,000,000; cash collectionsof $900,000 and accounts written...
- Q the definition of a liability forms an important element of IABS's frame work for preparation of financial statements which in turn forms the basis of IAS 37 provisions, contingent liabilities...
- Q 2.Newland Company reported retained earnings at December 31, 2018, of $350,000. The following transactions occurred during 2019. An error was discovered. In 2017, depreciation expense was recorded at $45,000, but...
- Q On January 1, Charlie Corporation issued $3,000,000, 14%, 5-year bonds with interest payable on January 1 and July 1. The bonds sold for $3,216,288. The market rate of interest for...
- Q Is it ethical for a Wall Street insider to analyze financial data of an unrelated company in order to identify corpo- rate wrongdoing, report it to the appropriate...
- Q Banquisse Who+A4:G49lesalers has asked you to prepare certain parts of a budget for the 3rd quarter of the year. They have provided you with the following data to help you...
- Q An $5 increase in total assets and a $5 increase in total liabilities causes the accounting equation to balance.
- Q When strong internal control procedures are in place, which of the following responsibilities can be performed by an accounts receivable clerk?
- Q What is the charge out rate for engineers if direct labour is $30 per hour and the overhead is calculated at 60 per cent of direct labour, assuming there is...
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