Accounting question and answers for November 18, 2023
- Q the balance sheet of oriole company at december 31, 2024 includes the following. Prepare all the journal entries necessary to reflect the transactions above
- Q Prepare the journal entries on the books of Phillips to record the acquisition of Solina Company's net assets
- Q If a firm has sales of $25,689,000 a year, and the averagecollection period for the industry is 45 days, what should this firm's accounts receivable beif the firm is comparable...
- Q Bramble, Inc., has 5300 shares of 5%, $100 par value, cumulative preferred stock and 42400 shares of $1 par value common stock outstanding from December 31, 2018 through Dec. 31,...
- Q The guns per share 72 inc a developer of radiology equipment has stock outstanding as follows 80000 shares of cumulative preferred 3% stock $20 park and 405000 shares of $25...
- Q The 12 month period that ends when of companies sales activities are in their lowest level is called the
- Q job 31 has direct materials cost of 230
- 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 An individual wishes to borrow $10,000 for a year and is offeredthe following alternatives: a. a 10 percent loan discounted in advance b. an 11 percent straight loan (i.e., interest...
- Q 10. If adequate maintenance expenditure is incurred, there is no need of charging depreciation. a. True b. False
- Q Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first...
- Q The clearance in the engine cylinder has no effect on the steam consumption. aTrue bFalse
- Q a 45- year-old woman decides to put funds into a retirement plan.she can save $2000 a year and earn 9 percent on this savings. howmuch will she have accumulated if...
- Q x
- Q Susan is the beneficiary of a $50,000 insurance policy on the life of her mother, Kayla. To date, Kayla has paid premiums of $16,000 on the policy. Kayla elects to...
- Q How do you modify the organization of a pivottabale?
- Q Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is still very active. Ken...
- Q when adding direct labor to work in progress do you debit from an account?
- Q Let's open a snoball stand
- Q For next year, Galliart, Inc., has budgeted sales of 60,000units, target ending finished goods inventory of 3,000 units, andbeginning finished goods inventory of 1,800 units. All otherinventories are zero. How...
- Q Exercise 7.1 For a whole life insurance issued to (40), you are given: (i) The death benefit, which is payable at the end of the year of death, is...
- Q In a corporation what are equivalent to withdrawals
- Q Kaizen costing is a method that many Japanese companies havefound effective in reducing costs. From a behavioral point ofview, aswer these questions: Discuss the similarities anddifferences in the process by...
- Q Using a present value table, your calculator, or a computer program present value function, verify that the present value of $100,000 to be received in five years at an intrest...
- Q The rates for calculatinv cpp are changed by
- Q Consider an asset with upfront cost of $10,358. The cost associated with it during the first year of operation is $7,008. The cost associated with it during the second...
- Q x
- Q Owner's withdrawalsa. increase expensesb. decrease expensesc. decrease owner's equityd. increase cash
- 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 Which of the following risks is essentially under the control of the auditor? Please select the right answer. Inherent Control ...
- Q Test - Tax Specialist Validation Assessment 3- Harken Case Study Based Question 1 of 10. What is the amount of each person's share of the...
- Q Bridgeport company reported a net income of $485000 for the year ended 12/31/25. Included in the computation of net income were the following depreciation expense of $60700; amortization of a...
- Q A company has the choice of either selling 600 defective units as scrap or rebuilding them. The company could sell the defective units as they are for $2.00 per unit....
- Q What is the importance of internal control? PLEASE PROVIDE EXAMPLES
- Q Five different levels of activity, Unit-Level, Batch-Level, Product-Level, Customer-Level, or Organization-Sustaining Activities in Banking
- Q Company X sells 2 products A and B. Price of A is USD200/ item. Price of B is USD150/item. Product A accounts for 30% of the total revenue of company...
- Q Discuss actions and consequences that should be taken in response to a violation of the AICPA Code of Professional Conduct principles of responsibilities and public interest. Use the following questions...
- Q When can you finalize your general ledger and get ready for a new year?
- Q Janice's Juices, LLC is a single-member LLC that was created and began business on January 1, 2022. Due to an oversight, no S election (or other entity classification election) was...
- Q Why do you think present value is important when evaluating capital investments? Give an example of how you could use present value to make a decision in your current job....
- Q If the expected sales volume for the currentperiod is 7,000 units, the desired ending inventory is 200 units,and the beginning inventory is 300 units, the number of units setforth in...
- Q Which governmental fund includes resources that are legally restricted so that the governmental entity must maintain the principal and can use only the earnings from the fund's resources to benefit...
- Q 67. Earnings that are not paid as dividends to stockholders and have cumulative amount are classified as A. non-paid earnings B. common earnings C. retained earnings D. preferred earnings
- Q Big Oil Inc. has a preferred stock outstanding that pays a $9annual dividend. If investors' required rate of return is 13 percent, what is the market value ofthe shares? If...
- Q how can an analyz determine if a company good ratio
- Q Please organize these under the correct topics listed below. THANK YOU!
- Q El saldo de la cuenta de Inventario de mercancas al final de un perodo es igual a la cantidad del inventario inicial de mercancas para el prximo perodo. Verdadero o...
- Q he cash register tape for Marin Industries reported sales of $8,795.50. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register...
- Q A cafeteria plan allows employees to choose fringe benefits from a menu of options. True or False
- Q 63. In a statement of cash flows, a company investing in short-term financial investments and in fixed assets results in A. increased cash B. decreased cash C. increased liabilities D....
- Q An objectif of the payroll function is
- Q 6. Situation in which company replaces existing assets with new assets is classified as A. replacement projects B. new projects C. existing projects D. internal projects
- Q A firm with sales of $500,000 has average inventory of $200,000.The industry average for inventory turnover is four times a year. What would be thereduction in inventory if this firm...
- Q 3. Which of the following statements regarding liquidity and profitability is not true? a. If a business is unable to pay its debts as they come due, it is operating...
- Q Or corporation issued for cash 25000 shares of no par common stock at $20 on February 14th more issued at par value 4000 shares of preferred 4% stock $75 part...
- Q Western Company is preparing a cash budget for June. The company has $10,000 in cash at the beginning of June and anticipates $32,000 in cash receipts and $38,500...
- Q Given Advanced Companys data, and the knowledge that the product is sold for $50 per unit and operating expenses are $200,000, compute the net income under absorption costing. ...
- Q Williams Company's direct labor cost is 25% of its conversion cost. If the manufacturing overhead for the last period was $45,000and direct materials cost was $25,000, the direct labor cost...
- Q I need the solution for Chapter 5 problem 5-12 managerial accounting 13th edition by garrison, noreen
- Q Which RM Tactic is not recommended under the Uncertainty of The Products Value in Different Market Segment? Select one: a. Use price balancing b. Use segment pricing c. Forecast at...
- Q Has Maryland adopted the Geoffrey approach to the taxation of income from intangibles?
- Q Melody Audio Company manufactures two models of speakers, DL &XL. Based on the following production and sales data for September2007. Prepare... (a) a Sales Budget (b) a Production Budget ...
- Q Zentein Nutrition Bars Contribution Analysis and Projected Profitability
- Q Wilgers Company has budgeted sales volume of 30,000 units andbudgeted production of 27,000 units, while 5,000 units are inbeginning finished goods inventory. How many units are targeted forending finished goods...
- Q En igualdad de condiciones, qu sucede con el margen de contribucin unitario y la relacin del margen de contribucin si aumenta el precio de venta por unidad?
- Q One aspect of facilities layout for Mcdonalds is that whencustomers come into the building, they can line up in one ofseveral lines and wait to be served. In contrast, customersat...
- Q 4. The percentage by which operating income would have increased had the entire R&D expenditure been recorded as an intangible asset instead of being charged to expense. All i need...
- Q Suzy Ltd receives a loan from Lex Ltd on 1 July 2018 and enters into a contractual obligation to repay $300,000 in 3 years time. Suzy currently has an AA...
- Q The following information pertains to Stark Corporation: Beginning inventory 0 units Ending inventory 5,000 units Direct labor per unit $20 Direct materials per unit 16 Variable overhead per unit 4...
- Q On January 1, 2019, Frederick Corporation had 200,000 shares of common stock outstanding with a par value of $5 per share. On March 31, Frederick Corporation authorized a 10% stock...
- Q Manley operates a law practice on the accrual method and calendar year. At the beginning of the year, Manley's firm had an allowance for doubtful accounts with a balance of...
- Q Harrison Forklift determined its pension expense to be $14 million in 2017. Required: Prepare the appropriate journal entries to record Harrisons pension expense and funding in each of...
- Q Asses the following transaction and complete the table provided
- Q Determine the divisional income from operations from operations forthe East and West Division. EastDivision West Division Sales $800,000 $1,000,000 COGS 400,000 550,000 Sellingexpenses 350,000 475,000 Selling department charges Purchasing $100,000...
- Q The rates for calculatinv cpp are changed by federal government through regulations
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