Accounting question and answers for November 19, 2023
- Q Shana has a stock portfolio with a fair market value (FMV) of $35,000, which she has decided to sell to her friend for $15,000, the same amount as Shana's ACB...
- Q The Parry Company's breakeven point in units is 20,000. Assuming that variable costs are 30% and fixed costs are $100,000, what is the company's projected operating income if sales are...
- Q A, identify and describe the ways of categorizing interest groups, illustrating each category with example B, discuss the arguments for and against the view that interest groups are s positive...
- Q Assignment: Think about a company you have worked for, are currently working for, one that you would like to start, or just make up a fictitious company and create a...
- Q Anthony Inc., a medical marijuana company purchased a roller machine for $10,000 on 7.1.19. The machine had a 10-year life, a $500 salvage value and was depreciated using the straight-line...
- Q Beckner Inc. is a job-order manufacturer. The company uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct...
- Q Review Case 5.42 in your textbook. Using the questions provided as a guide, memo to Mayfield from Duvall that addresses the issues [from Duvall's perspective]. General Requirements: You...
- Q The cost of equity and the cost of debt. your chief operating officer argues the following: a. "our stock price is currently $60, and our dividend per share is...
- Q Do you think that there is a danger that forcing managers to work towards predetermined targets will stifle their skill, flair and enthusiasm
- Q Assume the CP Rail - Kansas City Southern transaction which was announced on March 21, 2021, details of the transaction can be found on the CP Rail website, was completed...
- Q This is the trial balance of Blossom Company on September 30. BLOSSOM COMPANY Trial Balance September 30, 2022 Debit Credit ...
- Q Incremental costs and avoidable costs are the same and are both relevant costs. Explain to what extent you agree with this statement.
- Q David Company, a manufacturer of riding lawn mowers, has a projected income for the coming year as follows Sales46,000,000 Operating expenses: Variable expenses32,200,000 Fixed expenses7,500,000 Total expenses39,700,000 Operating income6,300,000 Targeted...
- Q I had the same assignment, but I am stuck on how to prepare the PowerPoint. What kind of information should I include in my PowerPoint besides the recommended questions?
- Q When performing a cost benefit analysis what is the best approach to successfully navigating financial records of the company?
- Q Write ..an opinion on this article post. https://www.forbes.com/sites/forbes-global-properties/2022/09/23/steady-second-home-market-extends-hawaiis-real-estate-boom/?sh=27f67e7142ab
- Q is there a specific law regarding allowing owners to his or her franchisee limited and controlled use of his intellectual property and rights? (philippines)
- Q based on that how do you fill this part out Financial Goal Savings Progress Savings Overall Savings Amount Remaining to Save Month 1 0 Month 2 0 Month 3 0
- Q Find two examples of fallacies (any fallacies)from current events from any media: newspapers, magazines, TV, Tweets, or radio, etc.
- Q A closed box with a square base is to contain 252 cubic feet. The bottom costs RM5 per square foot, the top costs RM2 per square foot, and the sides...
- Q Crown company holds an investment of 30% in the ordinary shares of royal company, an associate that has a net assets of 4,000,000 for the year ended december 31, 2014...
- Q Cost of Trade Credit A large retailer obtains merchandise under the credit terms of 3/20, net 35, but routinely takes 65 days to pay its bills. (Because the retailer is...
- Q How does a recipient not-for-profit entity record the receipt of a gift that will be transferred without restriction to another charitable entity?What if the donor retains the right to revoke...
- Q Regarding Track and Trace requirements, which statements) is/are correct? I. Pharmacies are always exempt from providing others they distribute to with product tracing information Il. Trading partners must be notified...
- Q In order to apply the matching concept, inventory costing methods, once selected, cannot be changed to an alternative method. Group startsTrue or Fals
- Q Cindy, Lana, and David all work for different companies. Cindy has noticed that her Manufacturing Overhead has a debit balance, while Lana has noticed the opposite, as her balance has...
- Q Please help me with this problem. This subject is Intermediate Accounting. Thankyou During 2019, KUYA WIL CORP. issued 10,000 shares of P100 par value convertible preference share for P110 per...
- Q 5. Your friend, Mike Anderson, is the owner of a local advertising business. While talking with Mike about the awesome auditing class that you recently completed, he started asking you...
- Q The selling price of a bond is the sum of the present values of the principal and the periodic interest payments. The present values are determined by discounting using the...
- Q minimum of 175 words: Summarize common internal controls over cash receipts and cash disbursements. Assess the purpose of a bank confirmation and why bank confirmations are an important...
- Q Lifecycle costing technique Question options: Customers and suppliers share detailed cost information about their inhouse activities, pertinent to the supply of goods and services which links them. Currently very limited,...
- Q Freeflight Airlines is presently operating at 70 percent of capacity. Management of the airline is considering dropping Freeflight's routes between Europe and the United States. If these routes are dropped,...
- Q 1- The excess of current assets over current liabilities is called: A. Current ratio. B. Working capital. C. Debt ratio. D. Quick ratio. 2- If a retail store has...
- Q Using the Information below, calculate net income, explain why the information that you included in your calculation is necessary and why the information you did not include is not necessary....
- Q Describe the role of accounting concepts and principles in the context of financial management for Agostini's Limited.
- Q 26. Inventory at the end of the current year is overstated by $20,000. What effect will this error have on the following year's net income? (1 Point) 4 A) Net...
- Q Audit procedure, key finding/ Analysis and work performed for lease account both asset and liabilities
- Q Windy Saloons purchased a year 3 insurance policy on 1st October 2017 The entire premium of $5000 was recorded by debiting prepaid insurance
- Q An automobile company recently advertised its car for a down payment of Rs. 1,50,000. Alternatively, the car can be taken home by customers without making any payment, but they have...
- Q 1:It is only necessary to understand how to use the technological tools to perform calculations. 2: It is important to understand the calculations for FV and PV of monetary...
- Q (a) What is a financial measure? What is a non-financial measure? (b) Explain what each of the four perspectives of the balanced scorecard mean. (c) Recommend two measures for each...
- Q Identify how are each of the five classes of security (Trading; AFS; HTM; Significant Influence; and, Controlling Interest) are reported on the balance sheet (current or long-term asset and...
- Q Identify areas of concern expressed by the SEC with respect to companies' computation of their valuation allowance, and explain why the SEC is concerned about the computation of the valuation...
- Q Personal Finance Congratulations your life of a highschool student is finally over. Your job is an electrical engineer, making an average salary of $62,360. All elements in this project...
- Q Asalanka Homes has a beta of 1.1. The market risk premium is 6% and the risk-free rate of return is 2.5%. By what percentage will the cost of equity increase...
- Q How to know which account is a debit or credit in Income Summary
- Q Topic: Apple Case What two Balance Sheet accounts were affected because Apple had to defer Revenue and defer Cost? Please ignore short and long term accounts and taxes. Give the...
- Q What is the main difference between managerial and financial accounting?
- Q A ten-year bond was issued in 2019 at a discount with a call provision to retire the bonds. When the bond issuer exercised the call provision on an interest date...
- Q When are assets most vulnerable to fraud? a. Before they are entered into the accounting system. b. Before they are...
- Q Zahid started business from 5000, purchased furniture with cash 10000, purchased merchandise from zia worth 10000 on account, sold merchandise 8000 on cash, costing 7500, zahid owner took merchandise worth...
- Q Oriole Company can produce 100 units of a component part with the following costs: Direct Materials$17000 Direct Labor8500 Variable Overhead15000 Fixed Overhead11000 If Oriole Company can purchase the component part...
- Q Leather World buys raw Nguni cow hides from a farmer in Limpopo. The hides weigh 5kg each and Leather World pays R1000 per hide. Before the hides can be used...
- Q Determine the amount of lease payment that the lessor would require to lease the asset.Compute the lessor's net investment in the lease at initial recognition.: Fair value of asset: $100,000...
- Q List four ways in which a medical receptionist could help reduce the number of people not attending for appointments.
- Q Compare and contrast the benefits of the flexible budget vs the static budget. Identify which of the two types of budget works best for a manufacturing entity? What works best...
- Q Cash Dividends in Period$33,702.44. Can someone please tell me where that number is coming from
- Q A. Technological Answer the following questions: B. Trend: Source: Product Ideas related to this trend: C. Best Idea: D. Product Market/Industry Definition of Best New Product Idea....
- Q Is drug testing an unwarranted invasion of employees privacy ? Which is more important getting drugs out of the workplace or protecting the privacy of the employee? I...
- Q You are the owner of a parasailing company that is expanding operations to a new beachfront location, and you need to prepare a 3-year analysis for the bank that may...
- Q An individual has the possibility of borrowing 100,000 or $170,000. Transactions costs are zero. a) Calculate the profit that the investor could earn over a six-month period. Explain your...
- Q Before you analyze data, it is helpful to develop an expectation of what you think you might see. Review ASC 606 Recognizing Revenue from Contracts with Customers. Which industries listed...
- Q Which of the following procedures relating to the audit of accounts payable would the auditors be most likely to delegate entirely to the client's employees? Multiple Choice Test...
- Q A company's inventory records indicate the following data for the month of January: Jan. 1 Beginning 180 units at $9 each Jan. 5 Purchased 170 units at $10...
- Q Timing Technology, Inc. manufactures timing devices. During 20x1, 2,000,000 units were completed and transferred to finished-goods inventory. On December 31, 20x1, there were 370,000 units in work in process. These...
- Q Early in the year Jhon Raymond founded Raymond enineering Co. for the purpose of manufacturing a special flow control valve that he had designed. shortly after year ended the company's...
- Q Fringe Benefits What are fringe benefits? What are some common components of fringe benefits? Should fringe benefits be used in the computation of economic damages in a wrongful discharge...
- Q Jon Guy, Director, Financial Operations Foodservice, General Mills Inc. Jane Saly University of St. Thomas Abstract: Marketing costs are coming under increased scrutiny, and activity-based costing (ABC) is often the...
- Q Comment se calcule le PBR dans une socit de personnes?
- Q Knowing the internal environment of the business plays another major role in strategic planning, as an accountant and future business owner, how important to be aware of what is happening...
- Q A common tactic to manage earnings is to "stuff the channels"that is, to ship products prematurely to dealers and customers, thereby inflating sales for the period. Give reasons why managers...
- Q Balance Sheet 2002 2001 Accounts Payable 165 95 Accumulated Deprecation ...
- Q For reports and forms that use data from multiple tables and/or queries, you should create a query to serve as the record source? Group of answer choices True False
- Q Explain 3 key resources of Malindo Airline. The key resources refer to the important assets of Malindo airlines to generate income. Example of key resource: Supply chain management, human resources,...
- Q A company makes table lamps, for which the following standards have been developed: Standard Inputs Expected for Each Unit of Output Standard Price Expected per...
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