Accounting question and answers for November 20, 2023
- Q Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items:
- Q The following data relate to the coating department of Ronald Plastics Ltd for July. Unit data Work in process, 1 July (in units) Units started during July Total units to...
- Q A finance manager, told his boss, "Jake, just like last month, I have determined appropriate revenue recognition for each of the 55 projects this month, based upon company policy and...
- Q How is a correction made to an electronic health record? Multiple Choice No change is made since care may have already been given based on the incorrect information. A second...
- Q Hickory Company manufactures two products13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing...
- Q Consider the followingactivity: The installation of seats by an airplane manufacturer in a commercial airplane. What is an appropriate cost driver for the labor resources used for thisactivity?
- Q A letter written by the CPA and constitutes the CPA's understanding of the work to be done in an MAS engagement is a a. Representation letter b. Management...
- Q The Interest Expense and Notes Payable accounts have balances at the end of the year. In what financial statement will these balances appear? Both will appear on the balance sheet...
- Q Job number A9028 requires $300 of direct materials and $400 of direct labour which is paid at the rate of $8 per hour. Production overheads are applied at a rate...
- Q Differences in financial reporting across countries creates a problem for international investors in Multiple choice question. translating the financial statements of companies located in different countries into a common currency....
- Q In its first set of IFRS financial statements, an entity must provide a reconciliation from previous GAAP to IFRS for Multiple choice question. stockholders' equity at the end of the...
- Q You have recently been appointed manager of the newly created internal audit department at Canadian Wood Toys Inc. (CWTI). You have found out that the company does not have an...
- Q Tip Top Corp. produces a product that requires 3 standard hours per unit at a standard hourly rate of $18 per hour. If 5,600 units required 16,100 hours at an...
- Q The determination of the firm's long-term direction is principally the responsibility of the company's board of directors. Question 1 options: 1) True 2) False
- Q You are the manager of a department store in Tokyo. Sales are subject to month-to-month variations, depending on the individual salesclerk's efforts and other factors. A new salary-plus-bonus plan has...
- Q Discuss the conceptual analysis of the income required before tax or to reach a targeted after-tax net income, relative to the income tax component effect the CVP Graph.
- Q from the perspective of ease of correction how would you rate the ambulance owner was found guilty of submitting false claims to Medicare for ambulance services that were not medically...
- Q The use of IFRS worldwide might not lead to complete comparability of financial statements across countries because Multiple select question. some English-language terms used in IFRS are difficult to translate...
- Q Dvorak Company produces a product that requires three standard hours per unit at a standard hourly rate of $17 per hour. If 1,000 units required 2,800 hours at an hourly...
- Q Having representation from all stakeholders on a governing body is important for an organization to achieve a. Accountability, transparency but not legitimacy b. Legitimacy, accountability and transparency c. Transparency and...
- Q Transaction/event 5: lease asset (8 marks) On 1 July 2022, Surf Ltd leases a semi-trailer truck from Superior Ltd. The truck will be used to move spare parts between Surf's...
- Q To assist in the preparation of consolidated financial statements, it is important for U.S. CPAs to have a working knowledge of IFRS because Multiple select question. some foreign subsidiaries of...
- Q Marketing plan to increase sales of a company please provide explanation with 1-2 references
- Q Explain what "Stress Testing" is within the context of Risk Management.
- Q Research has found that accountants in France and Germany are likely to estimate warranty expense at a higher amount than accountants in the United Kingdom. This difference is thought to...
- Q From the following figures ascertain the break-even sales. Sales 2,000,000, Fixed Costs 500,000, Variables Costs 1,200,000 and Price per unit $200. Calculate the profit and do CVP Analysis
- Q Sheridan, Ltd.manufacturesshirts,which itsells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. StandardPrice StandardQuantity StandardCost ...
- Q What was Japan's justification for its ambitious moves in East Asia during the 1930s?
- Q Tom is having problems breathing due to a problem with his septum. what procedure will Tom have done? will any of Tom's treatment be covered by a medicare rebate? Please...
- Q What are examples of three "high contact" service operations and three "low contact" service operations and do the concepts of "intangibility" and "unstorability" have different implications of low and high...
- Q Chen's Salons Inc. (Chen) net income for 2020 was $79,500. Chen's return on assets (ROA) for the year was 11.20% and its debt-to-equity ratio was 0.7:1.0. What was Chen's return...
- Q What makes inventory different from other assets? Be specific in your explanation and use examples of different inventory types
- Q Complete Problems 2-37 and 3-47 in the textbook. Complete Problem 2-37 in a Word document and Problem 3-47 in Excel. Please note, you must show your work in Excel, which...
- Q When manufacturing 200 picture frames, Take A Picture spends the following on materials:$1,000forwood,$10forglue,$400forglass,$500forbacking,and$40for screws. Which of the materials used would be considered direct materials? Answer: _____________, _____________, _______________
- Q The owner of a small manufacturing company has patented a new device for washing dishes and cleaning dirty kitchen sinks. Before trying to market the device and adding to her...
- Q Hannah Company purchased an intangible asset for $450,000 on January 1 of Year 1. The asset is assumed to have a 15-year useful life with zero salvage value. Amortization expense...
- Q When must a mutual fund representative review the client account in order to fulfil the know-your-client (KYC) responsibility? When accepting an unsolicited order for a fund. When recommending the purchase...
- Q Verified Inc., produces memory enhancement kits for fax machines.Sales have been volatile, with some months showing a profit and some months showing a loss. The company's contribution format income statement...
- Q Assignment Question Choose any non-profit organization/profit organization of your choice in Samoa and write a report on their performance measurement system and reward system. Report Format Your report must contain...
- Q During September 2022, Sheridan Diner's total liabilities decreased by $69000 and its stockholders' equity increased by $17000. The company's total assets must change by what amount and in what direction...
- Q A common metric that is used to evaluate whether the amount of time and financial support given to a campaign has accomplished its goals is referred to as ______. Group...
- Q is known as operating income. A Current assets minus accounts payable and accruals B Taxes paid divided by taxable income C Earnings before interest, taxes, depreciation, and amortization D Earnings...
- Q What does the term "relevant range" mean? this is for managerial accounting
- Q Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,500 helmets, using...
- Q McDonald's Books Stores exchanged land and cash of $5,000 for similar land. The book value and the fair value of the land were $90,000 and $100,000, respectively. Assuming that the...
- Q Compare the 10Y government bond yields of two countries (https://tradingeconomics.com/bonds). Look at how the yield has changed over time (last 5 years). Have the yields of the two countries moved...
- Q 1. Convince your partner of the possibilities in your own backyard by applying three decision rules, including Net Present Value (NPV) analysis, the Payback Rule, Average Accounting Return (AAR), Internal...
- Q Mumias Milling Company purchased a grinder at a cost of Sh.5.5 million. The grinder has expected life of 6 years.It is being depreciated at 12% per year on cost. The...
- Q Financial Communications (FynCom) was established in September 2019 in Irvine California, won admission into Evonexus, the Orange County's premier incubator, and acquired its first patent in the first six months...
- Q Primary value chain activities that involve effective warehousing processes to receive and storage inventory (inbound logistics) and efficient customer delivery scheduling (outbound logistics) characterize what generic strategy? a.Cost leadership...
- Q Luddington, Inc., reported a $100,000 loss on the sale of equipment on its income statement. Which of the following is the correct treatment within the operating activities section of the...
- Q Does work breakdown structure encompass the whole project life cycle-- even the closing or monitoring phase? Or does it end in the implementation phase?
- Q Considering the following case: THE PROCTER & GAMBLE COMPANY: CREST WHITESTRIPS ADVANCED SEAL, Could you explain to me how to use Excel sheets to answer the following questions? ...
- Q Describe 3 major forms of business organizations and 3 specialized forms of business organizations. Describe what you consider to be the top 2 advantages and disadvantages of 1 major...
- Q Jugar en la "Zona" implica Separacin de la mente del cuerpo. (Separation of mind from body.) Vigilancia estrecha de los movimientos corporales. (Close monitoring of body movements.) Procesamiento controlado de...
- Q TRUE or FALSE: Forecasted results are generally less accurate than the actual results and the most accurate forecasting is done by combining both implicit and explicit techniques.
- Q Generally, the cedula paid is not reflective of the correct amount to be paid, what do you think should the local government do? Cite 1 action to be done and...
- Q Describe the differences between process costing and job-order costing. How would process costing for services differ from process costing for manufactured goods? How does a just-in-time approach to manufacturing...
- Q Based on City of San Antonio, Texas, comprehensive annual financial report. An annual budgetary comparison schedule for a governmental fund is shown in Illustration 3-5, (a) Should this schedule be...
- Q Spahr Company produces a part that is used in the manufacture of one of its products. The unit manufacturing costs of this part, assuming a production level of 5,000 units,...
- Q sales price 782 per unit Beginning inventory 0 units produced 18,000 units sold 15,000 units end inventory of 3,000 Variable cost per unit direct materials $140 direct labor $430...
- Q An author writes a book titled 'How I paid off my home loan in 5 years'. The book contains some practical tips for keeping household expenses under control by tracking...
- Q Why are stated dollar values on a firms financial reports of limited use when comparing two companies financial positions?
- Q LIFO liquidations can occur frequently when using a specific-goods LIFO approach. True False
- Q An hourly worker in a large manufacturing company has run the same machine for 15 years and has become bored with the activity. The company should consider all of the...
- Q Case Study 3 Scenario: Your agency staff are purchasing office resources by using the agency accountbut without monitoring expenditure. You review the policies and procedures and identifythat there is no...
- Q The Company has a plant capacity of 200,000 units, Variable Cost are $ 20 per unit, Selling Price is $ 35 per unit, Fixed Cost are 2,000,000 per year. Calculate...
- Q 22. A purpose of standard costing is to: eliminate the need for actual costing for external reporting purposes simplify costing procedures replace budgets and budgeting punish employees who do not...
- Q Calculate the selling price per unit allowing for a profit of 15% of the- selling price. The following data are given: Budgeted output for the year...
- Q El objetivo de esta actividad es que los estudiantes investiguen y comprendan el anlisis de depreciacin en el contexto de la ingeniera econmica, as como su relacin con los impuestos....
- Q The role of Compliance Officer can vary based on organizational needs and individual experiences and backgrounds. Susan is a Compliance Officer for a large hospital that operates as a trauma...
- Q BSBFIN601 - When a business purchases inventory for cash, such as, the purchase of dough by a bakery, what documents should be retained by the business to provide an audit...
- Q I witnessed a moral hazard when a coworker did a risky sales move with a client that was not sure if he wants it to do it and in the...
- Q Inversionistas Aporte de Capital de la empresa Porsentaje de Participacin Margen de ganacia esperada Costo de capital Juan Perez -S/ 250,000.00- 35% Larco Benavides -S/ 345,000.00- 45% Juan Ulloa -S/...
- Q Which of the following is not a type of maintenance task in QuickBooks Online? Question 8Answer a. View and change information in an existing record b. Customize a report c....
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