Accounting question and answers for November 19, 2023
- Q The Functional Principle aggregates assets and liabilities based on the business operations to which they belong. In corporate valuation, you use the functional principle because it is particularly useful to...
- Q Question 4 Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance...
- Q Explain the potential advantages and disadvantages that the inclusion of management commentary may have to the users of the company's financial statements.
- Q Cul de los siguientes est asociado con un clima competitivo? Los atletas reciben un refuerzo positivo cuando trabajan duro. (Athletes receive positive reinforcement when they work hard.) Los atletas de...
- Q 1Which of the following is part of managing and improving business processes? a Directing b Lean production c Motivating d Planning 2Which is the...
- Q Transportation managers often consider the trade-offs between the cost of providing transportation for the company's products and the quality of that service. What are some of the potential trade-offs between...
- Q Pre-Assessment for Manager Budget & Business Planning 16th May, 2023 Case Study: XYZ Construction Company XYZ Communication Nigeria Company is a Techco company specializes in providing Technology platform for...
- Q Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January....
- Q Will the above patients be entitled to a medicare rebate if they do not get a referral from their GP or specialist? Please explain. How long is each of the...
- Q El uso de diversos procedimientos de relajacin o control de la excitacin para reducir la ansiedad se denomina comnmente _________________. Control atencional. (Attentional control.) Control del estrs. (Stress control.) Manejo...
- Q Hi. Hi. Choose the best answer. State your explanation. 11) Bonus plans should be tied to variable cost income, which...
- Q The Bixby Co. had the following transactions involving the purchase of merchandise. Prepare the necessary general journal entries. Any applicable freight costs are prepaid by the seller. The perpetual inventory...
- Q Lenders typically set limits on revolving lines of credit (revolvers). Even though these limits are set by lenders, we allow financial models to borrow more than these limits. A model...
- Q BSBFIN601 - What is the purpose of an audit trail? Word limit: 50 to 100 words
- Q ...
- Q A company uses Microsoft Dynamics 365 Finance. An accounts receivable clerk settles a payment against an incorrect invoice number. You must correct the payment. Which two actions should you perform?...
- Q A medium-sized organization's information security practices are being audited. The auditor is assessing the organization's use of an Acceptable Use Policy (AUP). What crucial aspect of the AUP should the...
- Q On June 15, 2014, a second-hand machine was purchased for $77,000. Before being put into service, the equipment was overhauled at a cost of $5,200, and additional costs of $400...
- Q Hi. TRUE OR FALSE. State your explanation. 1.The ethical principle of justice asserts that the benefits of the decision should be distributed fairly to those who...
- Q The following information is available for Wildhorse Co. and Pina Colada Corp.: (in millions) Wildhorse Co. Pina Colada Corp. 2022 2021 2022 2021 Preferred dividends 23 12 0 28 Net...
- Q Describe the reporting options when there is a material problem identified in the financial statements (i.e., they are not in conformity with GAAP). Also describe the reporting options when there...
- Q First, make an outline that summarizes the communication plan for a significant organizational change or event. Consider the following examples: the restructuring of a team, department or business unit; the...
- Q Accounting diversity can create an additional cost for companies interested in Multiple choice question. selling goods to customers in a foreign country. having stock listed on the stock exchange of...
- Q Under the gross profit method of estimating inventory, the ending inventory is determined by subtracting the estimated cost of goods sold from the cost of goods available for sale. Group...
- Q ToyWorks Ltd. is a company that manufactures and sells a single product, which they call a Toodle. For planning and control purposes they utilize a monthly master budget, which is...
- Q Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Activity Cost Pool Estimated Overhead...
- Q State the objectives of public sector accounting reporting B. Discuss the qualitative characteristics of public lic sector accounting information
- Q Narrowly defining public stock companies in terms of financial performance can lead to Blank______. Multiple choice question. improved public relations more accurate accounting black swan events more efficient production
- Q What is the most relevant type of cost one should consider in eliminating products? Total cost, fixed, variable, avoidable or budgeted cost
- Q Minnie Ltd purchase all the issued share of Mouse Ltd for $500000 the balance sheet with a goodwill of $7000 how does r cording of goodwill affect $5000
- Q Describe the transactions recorded in a special sales journal. Multiple choice question. Sales of inventory on credit Sales of merchandise for cash Payments for credit purchases Sales of used company...
- Q Calculate the annual January 1 lease payment that will allow Dallas to earn a 5% return on the lease
- Q During 2017, Oriole Company entered into the following transactions. 1.Purchased equipment for $308,520 cash.2.Issued common stock to investors for $138,170 cash.3.Purchased inventory of $66,840 on account. ...
- Q The director of marketing for Marbud Hardware is responsible for among other things, identifying new geographical regions for the company to enter. As part of the company's zero based budgeting...
- Q The International Accounting Standards Committee (IASC), which developed International Accounting Standards (IASs) from 1973 until 2001, was heavily criticized for Multiple choice question. allowing two or more methods to be...
- Q The informational source of power is considered the most important power in negotiation.Explain why negotiators prefer information over any other form of power in the negotiation process.Provide an example of...
- Q https://youtu.be/cQ6WVcS-rgk?si=1m_16R83bO0yMYtD What are the key lessons learned during the lecture? How do those key lessons connect with the readings in this module? What are some key business opportunities in Africa
- Q Refer to the below case study, write a report for Craving that outlines the benefits, costs and limitations of Activity- based costing. Case Study: Cravings...
- Q Cul de las siguientes afirmaciones describe una implicacin de marketing que resulta de la intangibilidad de los servicios? Los servicios no pueden ser inventariados No hay ningn conocimiento seguro de...
- Q Variable Costing Marley Company has the following information for March: Sales$912,000 Variable cost of goods sold 474,000 Fixed manufacturing costs 82,000 Variable selling and administrative expenses 238,100 Fixed selling and...
- Q Linda knows that total shipping cost is a mixed cost for her company and is in the process of using the high-low method to determine the cost formula for that...
- Q 1.Gold Company's comparative balance sheet and income statement for last year appear below: Statement of Financial Position Ending Beginning ...
- Q Which of the following people experienced the largest capital gains? Select answer from the options below Samantha, whose assets had a high basis and a high sale price. Tyrone, whose...
- Q Mayberry Textiles Inc. is considering the purchase of a new machine which has an initial cost of $400,000. Annual operating cash inflows are expected to be $100,000 each year for...
- Q Labor is a factor of production that firms purchase to use in the production of goods and services. The demand for labor helps determine your wage. Let's look into the...
- Q Cox Manufacturing Company prepared the following static budget income statement : Sales Revenue $125,000 Variable Costs (75,000) Contribution Margin 50,000 Fixed...
- Q You are the president of XYZ Manufacturing company. You have recently learned about the following issue: A month ago, the company's general manager (GM) told one of the line managers...
- Q Question No. 02. Good-Fit Garment Industry was established on July 01, 2018 who is manufacturing and marketing designer garments. After expiry of its first six months operations, the chief executive...
- Q Analyzing financial statements helps healthcare leaders determine the opportunities and problems the organization faces financially. At its core, the financial statement is a pulse of the organization's financial health, defining...
- Q MacGiver Brass is a brass plating firm with sales of $8 million and profits before taxes of $625,000. MacGiver has a loan outstanding at its local bank for working capital...
- Q Dolby Ltd has 2 divisions, Division A and Division B. Division A manufactures a specialised electronic component which is supplied to both Division B and to external customers. The variable...
- Q Classify each sentence as simple, compound, complex, or compound-complex. 1. Since the introduction of cellphones in the market, people have become attached to mobile devices. 2. After finishing their...
- Q Kesterson Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$7.15Direct labor$4.20Variable manufacturing overhead$1.55Fixed manufacturing overhead$18,900Sales commissions$2.10Variable administrative expense$0.40Fixed selling and administrative expense$4,900 If 7,000 units...
- Q Accounting diversity can create a problem for companies that wish to have stock listed on a stock exchange in a foreign country because the foreign stock exchange might require the...
- Q Lancer Company's summary of it's budget cash flows is given below: 1stQuarter2ndQuarter3rdQuarter4thQuarter Totalreceipts$180,000$340,000$230,000$260,000 Total cash disbursement$240,000$270,000$200,000$250,000 Beginning cash balance for upcoming fiscal year, $16,000 Minimum cash balance required, $15,000 Interest...
- Q Bundy Car Mechanic Inc.uses a job-order costing system. The company applies all of its overhead costs to jobs using a predetermined overhead ratebased on direct labor-hours. At the beginning of...
- Q The most common bonds are surety bonds, cash bail and recognizance release. In your discussion post: Explain the differences between surety bonds, cash bail and recognizance release. What factors influence...
- Q A project has estimated annual net cash flows of $6,800 for five years and is estimated to cost $23,125. Assume a minimum acceptable rate of return of 12%. Determine (1)...
- Q Assume the price per unit equals $70, fixed costs total $ 35000, and variable costs are $35 per unit. a.Find the breakeven point in both units and dollars....
- Q _______________ detail the planned expenditures for facilities, equipment, new products, and other long-term investments a. Strategic plans b....
- Q Using the Tax Payable method, the journal to recognise the expense and liability for income tax is: Select one: a. Debit Provision for Income Tax Expense (Balance Sheet); Credit Current...
- Q I have a question on Excel spreadsheet functions Given C2=85 and a If function = IF (C2<75,100,IF(C2>100,80,90)) Based on the logic of this condition, in English,...
- Q Au farm ltd leases a tractor from agrimachine ltd that cost agrimachine ltd $80000 to manufacture. The lease agreement started on 1 July 2022 for 8 years. The life of...
- Q Tax evasion is one of the most common unethical practices. how would your assessment / organizational tactics play out for success? As always, share supportive examples where appropriate.
- Q Mahmood company gathered the following information on maintenance costs and factory machine usage for the last six months: Month Maintenance Cost Factory Machine Hours January Rs.24,400 13,900 ...
- Q During the month of June, The Seasons Company produced only one product Selling price per unit, $42; Unit variable expenses, $14, Total fixed expenses, $42,000; Actual sales for the month...
- Q List four of the assertion work products that may be required in an audit
- Q Are any time lags in recording economic events typically experienced in payroll systems? If so, what are they? Discuss the accounting profession's view on this matter as it pertains to...
- Q Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each....
- Q Joan Roland believe revenue from credit sale may be earn before collected explained
- Q The Soaring Kites Parasailing Company The Soaring Kites Parasailing Company offers adventurous people the opportunity to experience the sea, sand, and sun in a visually and exhilarating way.Parasailing gives...
- Q Required: 1. Prepare an analysis to determine whether Sarbec Ltd should: (a) purchase the required slit steel directly from Jensteel Ltd (b) purchase the 48-centimetre sheet steel from Jensteel and...
- Q Week 1 Homework Put the following data into an income statement and balance sheet, and use the resulting statements to calculate all of the ratios discussed...
- Q Division N has asked Division M of the same company to supply it with 10,000 units of part P728 this year to use in one of its products. Division N...
- Q Intheintroductionofitsnewpurses,ChicDivaincursthefollowingexpenses:$3,000for direct materials, $1,700 for office supplies, $10,000 for sales salaries, $8,100 for production wages, $1,200 for office depreciation, and $1,700 for production facility utilities. How much does the company...
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