Accounting question and answers for November 18, 2023
- Q Mary got divorced in June 2023. Sad. She asks for your help. She had $50,000 in wages; on Christmas Day she borrowed $15,000 to buy a car...
- Q The amount of income earned per share of outstanding common stock is known as
- Q On August 1, 2023, Entity G borrowed $60,000 on a one-year, 9% note, interest and principal due at maturity. What is the maturity value of the note?
- Q x
- Q When using a contribution margin format for internal reporting purposes, the major distinction between segment manager performance and segment performance is: A direct variable cost of selling the product. B...
- Q Host Co as a lessor records a sales type lease of machinery on 1/1/19. The 7 annual lease payments of $210,000 are received at the end of each year. The...
- Q I have to fill in an Excel sheet with given information. I am not sure of some of the calculations. Please help
- Q You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across...
- Q 9. Which accounts would be debited and credited in the entry to record accrued interest on a note payable? Debit Credit A. Interest Expense Interest Receivable B....
- Q Income Statement [LO6-4] Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution...
- Q What is the current ratio in the following : Current Asset $20000. , Current Liability $20000
- Q During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $15,000 & ending finished goods inventory of $24,500. Beginning work-in-process was $18,000 and ending work-in-process was 19,500. Factory...
- Q Which of the following types of interest expense is deductible as an itemized deduction? Group of answer choices Interest expense on past due state income taxes. ...
- Q Compute sales taxes payable. Bramble supply does not segregate sales and sales taxes at the same time of sale. The register total for March 16 is $10,088. All sales are...
- Q The current level of government borrowing has become a topical issue for discussion causing observers to wonder whether borrowing is good or bad. In light of this, you are required...
- Q Kimble, Sykes, and Gerard open an accounting practice on January 1,2022, in Chicago, Illinois, to be operated as a partnership. Kimble and Sykes will serve as the senior...
- Q La cuenta Inventario de productos en proceso: A) Consiste en bienes terminados que an no han sido vendidos. B) Consiste en bienes en proceso de fabricacin que estn incompletos. C)...
- Q 1) Using the same information in the previous problem, now assume that, in addition to the previously described inventory errors, depreciation expense was understated by 15,000 in 2015 and overstated...
- Q in what case would NPV be decreased by more than just the tax rate, keeping everything constant
- Q Given the Fed bond buying program, investor is concerned about value of the US dollar and thinks inflation might go up, given that gold is a good inflation hedge, he...
- Q Exercise 6-4 (Algo) Basic Segmented Income Statement [LO6-4] Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the...
- Q Ellis Company issues 9.0%, five-year bonds dated January 1, 2020, with a $410,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a...
- Q A $1,000 bond has a coupon of 6 percent and matures after 10years. a. What would be the bond's price if comparable debt yields 8percent? b. What would be the...
- Q How has technology changed our lives? overall do you think that these changes have been positive or negative? And, why do you think so?
- Q There is a drastic decrease in the value of Other Equity from Rs. 35,773.20 to Rs. 18,358.40. Write the probable financial decision behind it.
- Q Henry lost his job on September 3rd 2022 here we say 13,000 of Unemployment Commission during the last few months of the year his 2022 AGI does not exceed 150,000...
- Q The companies prefer long term debt because of its tax advantage, as it increases the company value. Debt are very direct repayments and are repaid over the regular and...
- Q Cul de los siguientes no es uno de los cuatro pasos en la contabilizacin de la actividad de produccin y la asignacin de costos durante un perodo bajo un sistema...
- Q Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses...
- Q A letter from MasterCard telling a card holder that to encourage business recovery from Covid lockdowns the card holder's credit limit is now increased by $3,000 would be an example...
- Q At the beginning of the period, the Fabricating Department budgeted direct labor of $76,800 and equipment depreciation of $16,500 for 2,400 hours of production. The department actually completed 2,200 hours...
- Q A new soft drink company is planning to launch its operation in Pakistan. Keeping existing market of Pepsi and Coke, perform all the steps of target costing in detail on...
- Q Pre-tax retirement fund contributions are usually subject to __________ tax. Multiple Choice State withholding Local withholding FICA Federal withholding ...
- Q You purchase 10 bonds with a coupon rate of 9% and a current market price of 101.125. The commission charge is $5 per bond. The date of the transaction is...
- Q A firm has the following total revenue and total costschedules: TR= $2Q TC= $4000+$1.5Q a. What is the break-even level of output? What is the level ofprofits at sales of...
- Q How is "fair value" determined? What is the usual basus for fair value? Please explain in detail
- Q 1. Why can the separation of ownership and management be viewed as both an advantage and a weakness? 2. If you owned shares, would you rather have a cash...
- Q Currently, the unit selling price of a product is $300, the unitvariable cost is $225, and the total fixed costs are $720,000. Aproposal is being evaluated to increase the unit...
- Q On January 1, 2010, Wetzel Company sold property for $200,000. The note will be collected as follows: $101,800 in 2010, $61,800 in 2011, and $36,400 in 2012. The property had...
- Q the payment of liability causes an increase in owners equity
- Q El problema integral 1 del captulo 4 debe hacerse debe hacerse, hoja de clculo de fin de perodo y balance de prueba ajustado
- Q 4. On November 1, 2021, Marcus Company paid $2,400 for a one-year insurance policy. On December 31, 2021, the adjusting entry would include A. a debit to Insurance Expense, $1,200....
- Q Alpha Company would like to examine the sales margin and assetturnover components of return on investment for three of itsdivisions and has accordingly prepared the following; Division Investment Division OperatingIncome...
- Q Which of the following is true about 403(b) retirement plans? Multiple Choice All 403(b) plans are cafeteria plans. 403(b) plans are not subject to...
- Q On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2010. The December...
- Q The amount of increase or decreasein cost that is expected from a particular course of action ascompared with an alternative is termed: a. period cost b. product cost c. differentialcost...
- Q CBAs trial balance reflected the following account balances at December 31, 2005: Accounts receivable (net) P1,600,000 Short-term investments 500,000 Accumulated depreciation on equipment and furniture 1,500,000 ...
- Q Which of the following expenses is NOT a deduction FOR adjusted gross income? Group of answer choices Charitable contributions Interest on student loans, subject to certain...
- Q x
- Q Pitman Chemical Company manufactures and sells Goody, a productthat sells for 10 per pound. The manufacturing process alsoyields 1 pound of a waste product, called Baddy, in the productionof every...
- Q if your goal was to earn $80 in interest on your 2,500 investment, what interst rate would you need to find
- Q Great Coast Construction (GCC) exchanged a three-year-old excavator for a new excavator that had a price of $315,000, which was its fair value. The old excavator originally cost $425,000 and...
- Q The performance of the three divisions of a company is detailed below: Division W $000 Division X $000 Division Y $000 Total $000 Sales 700 840 300 1840 Variable costs...
- Q x
- Q Purchase a vehicle of R150 000 through vehicle financing for the company to perform site inspections.
- Q Dorothy Taylor received a graduation present of $4,000 that she is planning on investing in a mutual fund that earns 17.50 percent each year. How much money will she have...
- Q Given the following information: Annual sales inunits 30,000 Cost of placing anorder $60.00 Per-unit carryingcosts $ 1.50 Existing units of safetystock 300 a. What is the EOQ? b. What is...
- Q A company has 60,000 shares of common stock issued and outstanding on January 1, 2014. On April 1, the company issues an additional 10,000 shares. On Oct 1 the company...
- Q Operations managers are focused on creating value. Since value is based on a relationship between perceived benefits and related costs, it behooves management to focus on establishing a culture of...
- Q A truck acquired at a cost of $140,000 has an estimated residual value of $10,000, has an estimated useful life of 50,000 miles, and was driven 3,500 miles during the...
- Q Question: Which method allocates overhead costs based on machine hours? a) Activity-based costing b) Job order costing c) Direct costing d) Traditional costing
- Q Which of the following is true of"I' messages? a) They should be less than ten words. b)They should avoid judgment. c)They should not reveal your feelings. d) They should...
- Q 1. Breve resumen de un derivado extranjero 2. Tratamiento contable a travs de los mtodos de flujo de efectivo y valor razonable
- Q a. What is the EOQ for a firm that sells 5,000 units when the costof placing an order is $5 and the carrying costs are $3.50 per unit? b. How...
- Q Sprue in casting refers to....... A.Gate B.Runner C.Riser D.Vertical passage
- Q Delta Ray Brands Corp. acaba de completar su ltimo ao fiscal. La empresa tuvo ventas de $16,205,100. La depreciacin y amortizacin fue de $885,200, el gasto por intereses para el...
- Q Explain the process (you may use a numerical example) acquiring another companys stock and arriving at the amount to record as goodwill if the purchase price merits that recognition.
- Q An issue facing accountants is a level of competence assumed with respect to the financial statement user. This quality is called what
- Q Matt owns 10 percent of the 5,000 shares of Green Corporation. On July 1, 2020, Green Corporation declares a 5% stock dividend to all shareholders. The FMV of Green stock...
- Q Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year, the company had net operating income of $440,000 on sales of...
- Q (i) How are smart grids and distributed generation changing the way we generate, transmit, and distribute electricity?
- Q ABC Company made a $1,000 credit sale to a customer on credit terms of 2/10 n/30. Assume the customer pays in eight days. How much cash will ABC receive? A....
- Q A Government of Canada bond will pay $70 at the end of every six months for the next 15 years, and an additional $5000 lump payment at the end of...
- Q 3. Which of the following best describes the matching principle a. Current assets are matched with current liabilities b. Net income is matched with current assets created in the accounting...
- Q An investment center of Campbell Corporation shows an operating income of $8,750 on total operating assets of $70,000. Required Compute the return on investment. Note: Round your percentage answer to...
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