Accounting question and answers for November 20, 2023
- Q Knight Corp., , , 31 2022 . : $ 56 000 $ 23 000 103 63 ...
- Q E-Flix rents DVDs that are mailed out to customers upon demand. E-Flix has identified three activities involved in getting the videos to its customers. Information on those activities for the...
- Q How is 351% calculated in this scenario? If Heather works 24 hrs weekly and her night differential is $1.50/hr 24X52x1.5-it seems that the annual differential would be $1872 ...
- Q Suppose you are analysing the Inventory turnover (COGS/Inventory) of a company and you find that it has improved, even though the price of inventory has increased in the past year....
- Q 1.(i) Design a performance measurement reward system that would encapsulate a rather "more balanced" approach in awarding of bonuses. (ii) Briefly explain how the reward system you design in...
- Q The Farm Equipment Ltd, a manufacturer of components used for heavy farm equipment, is organised along decentralised product lines with each manufacturing division operating as a separate profit centre. Each...
- Q At the end of the year, Bertha Enterprises estimates the uncollectible accounts expense to be 0.7 percent of net sales of $15,150,000. The current credit balance of Allowance for Uncollectible...
- Q Raw Materials Inventory has a balance of $540,000 and Work-in-Process Inventory has a balance of $20,000. If $300,000 of materials is requisitioned for Job 310, what is the balance in...
- Q JJ Asian Cuisine had a positive net cash flow for the year, but its income statement has reported a loss for the same year. Explain three (3) possible reasons for...
- Q What are the keys stages of building a CSR plan? 2. Why is a CSR assessment important? 3. List 6 stakeholders to consider when developing a CSR strategy. 4. What...
- Q Volunteer Income Tax Assistance Refresh your knowledge of Volunteer Standards of Conduct using Publication 4961.Then address the following in the. https://www.irs.gov/pub/irs-pdf/p4961.pdf Explain VITA volunteer standards of conduct....
- Q where did the 52,000 come from here? 10,400 x 4 = 52,400? 1.If 61,000 pounds of raw materials are needed to meet production in August, how...
- Q Is there a test preparation for a FIN-650 final exam? I do not like story problems but I want to do my best on the exam. Are there any tips...
- Q Which of the following is the correct format and capitalization for a paper title? Group of answer choices How to Capitalize a Paper Title How to capitalize a paper title...
- Q Ivanhoe Company's records show the following for the month of January: Total retained earnings at January 1 $561600 Total retained earnings at January 31 585000 Total revenues 2808000 Total dividends...
- Q What is a common barrier to leisure participation, especially for older women, rural elders, and low-income minorities? Group of answer choices High cost of leisure activities Lack of interest in...
- Q Group project 9:Issuing stock (E, p357, #8-3) Sahara Unlimited Inc. began operations on January 2, 20Y4, with the issuance of 250,000 shares of $8 par common stock. The sole stockholders...
- Q Select all that apply Which of the following statements are true? Multiple select question. A project with a positive net present value can have negative residual income in some years....
- Q Each organization's costing method will have unique features but costing methods of firms in the same line of business will less likely have common aspects
- Q Which of the following would be found on the balance sheet of a manufacturer and not on the balance sheet of a service business? cost of goods manufactured ...
- Q Which of the following is provided in the production cost report? Profit levels The amount of spoilage The cost per equivalent units of production Inventory totals
- Q The following data is provided for Garcon Company and Pepper Company Beginning finished goods inventory 13,800$17,800 Beginning work in process inventory 14,80021,300 Beginning raw materials inventory...
- Q Compute for the accuracy of percentage rental computation based on the information below: Ginger company entered into an agreement with Snow Company, with the terms of Php35,000 rental per month...
- Q McGill recieved a huge donation from a famous hockey player for the new gym, and so they decide to retire the bond early. On December 31st, Year 2, McGill records...
- Q A taxpayer takes out a loan secured by property used in their business and they use the proceeds in two ways. They part of the loan in their business to...
- Q If investment is $300 000, credit sales are $800 000 and cash sales are $300 000, the investment turnover ratio is: If the profit margin is 12.5% and investment...
- Q Investments in common stocks best fulfill a(n) _____________________objective. growth income liquidity safety of principal
- Q Who could be the audience for a business report? Ans: What factors should you consider with your audience when planning a Business...
- Q which of the following statements about overhead allocation is most accurate? organizations allocate overhead to distinguish whether costs are fixed or variable. overhead costs are indirect costs that cannot be...
- Q Underground Builders, Inc. has consistently used the percentage-of-completion method of accounting for construction-type contracts. In Year 1, Underground Builders started work on a P9,000,000 fixed price construction contract that was...
- Q I need help with part 2b The Edwards Lake Community Hospital balance sheet as of December 31, 2019, follows. EDWARDS LAKE COMMUNITY HOSPITAL Balance Sheet As of...
- Q NIIT Future Tech, a large educational center, provides courses to various organizations. For 2019 NIIT Future Tech has budgeted to supply 48759 hours of trainings. Its variable costs are $88...
- Q The difference between the adjusted losses incurred reported in a property-casualty insurer's NAIC Annual Statement and the amount reported in its federal income tax return is due to which one...
- Q AN explanation of the use of bench mark and key performance indicator to respond to financial problems
- Q A product is sold at a price of $120 per unit and its Variable cost is $80 per unit. The Fixed Expenses of the business are $8,000 per year. Find...
- Q Mark's Consulting experienced the following transactions for 2018, its first year of operations, and 2019.Assume that all transactions involve the receipt or payment of cash. Prepare a...
- Q A cost accounting system includes which of the following? Multiple choice question. It accumulates production costs and assigns them to products and services. It is used to record costs of...
- Q What is the yield to maturity on an9-year,8-percent bond that pays interest semi-annually, which is now priced at $982? Use a financial calculator. 4.14percent 8percent 8.02percent 8.29percent
- Q Explain two aims of standard costing and variance analysis.
- Q Discuss whether AKE may have manipulated earnings over the past five years. Use any two measures of earnings management to examine this issue.
- Q Coronado Industrieshad sales of $680000, variable costs of $295000, and direct fixed costs totaling $100000. The company's operating assets total $980000, and its required return is10%. How much is the...
- Q Company wishes to borrow in 90 days but wishes to lock in the cost of borrowing. Identify the best strategy to hedge and to raise the funds. Select one: a.Company...
- Q "No matter which method of share issuance a company chooses, the final outcome is the same. However, companies will always prefer a full share issue, while shareholders will always prefer...
- Q Lorenzo has his investments at a CDIC-member financial institution. He has $33,000 in a chequing/savings account, $62,000 in a non-registered, investment account ($40,000 in a money market fund and $22,000...
- Q 1. Sarah Michaels wants to evaluate her operation's efficiency by calculating the number of labor minutes per meal. Data from the previous week indicate that she served 7,500 meals. Her...
- Q S/L Rate 20% Cost of machine = $65,000 Useful life = 5 yrs Salvage = 5000 DDB Rate 40% ...
- Q What are the two ways that income is recognized in the fair-value method? Multiple choice question. Upon sale of equity and upon declaration of dividends From changes in fair value...
- Q Barstow Manufacturing Company has two service departments product design and engineering support, and two production departments assembly and finishing. The distribution of each service department's efforts...
- Q Discussion: Activity-Based Costing (ABC) and Master Budgeting Read at least 2 academically reviewed articles. One on ABC and one on Master Budgeting and complete the following: A. Write an annotated...
- Q The product sells for $10 and has unit costs of $8. If you can enter only one market, and the cost of entering the market (regardless of which market you...
- Q Rent on the factory is $60,000 and rent on the office is $20,000. The company produced 30,000 units this year and sold 36,000 units. Net income using the Variable Costing...
- Q In July 2023, the company capitalised $750 000 incurred in designing improved hearing aids. Expenditure on research and development is deductible in full for tax purposes when paid but amortised...
- Q Operation costing: Multiple Choice tends to parallel job-order costing with respect to the treatment of conversion cost. tends to parallel process costing with respect to the treatment of conversion cost....
- Q https://drive.google.com/file/d/1NsslzM5fUiwFteybxenxc39b8i5RGZeu/view?usp=sharing https://drive.google.com/file/d/1NsslzM5fUiwFteybxenxc39b8i5RGZeu/view?usp=drivesdk
- Q table {mso-displayed-decimal-separator:"\."; mso-displayed-thousand-separator:"\,";} tr {mso-height-source:auto;} col {mso-width-source:auto;} td {padding-top:1px; padding-right:1px; padding-left:1px; mso-ignore:padding; color:black; font-size:10.0pt; font-weight:400; font-style:normal; text-decoration:none; font-family:Calibri, sans-serif; mso-font-charset:0; text-align:general; vertical-align:bottom; border:none; white-space:nowrap; mso-rotate:0;} .xl18 {font-weight:700;} .xl19 {border-top:.5pt solid...
- Q Susie Ques Inc, a company that produces and sells a single product, has provided its contribution format income statement for October: Sales (6,200 units) $136,400 Variable expenses 80,600 Contribution margin...
- Q Run chart: a. is a chart that displays frequency distribution of an attribute's measures. b. shows trends in variation in product or service over time. c. same as...
- Q RAW MATERIALS INVENTORY WORK IN PROCESS INVENTORY January 1st 59,400 January 1st 25,500 ...
- Q Cost Allocation Issues. Assume you rent a house with two friends. The total monthly rent is $1,500. Your bedroom is the smallest of the three bedrooms, and each of the...
- Q ETHICS PROBLEM The Securities Exchange Act of 1934 limits, but does not pro-hibit, corporate insiders from trading in their own firm's shares. What ethical issues might arise when a corporate...
- Q Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January-March). The Accrued Expenses Payable balance on...
- Q Sunspot Beverages , Limited , of uses the weighted -average method in its process costing system . makes blended tropical fruit drinks in two stages Fruit juices are extracted from...
- Q Income Statement (with the cost of goods sold adjustment). Required: Show using an income statement for the year ended December 31. Rambler Company had the following activity for the year...
- Q A company produces and sells only one product. Shown below is information about the company and the product. Variable cost ratio ................................. 60% Contribution margin per unit ............. $80 Fixed...
- Q I am filling a bursery application I need to answer Please explain what circumstances have made it necessary for you to apply for a bursary and/or if you have a...
- Q You work in Walt Disney Company's corporate finance and treasury department and have just been assigned to the team estimating Disney's WACC. You must estimate this WACC in preparation for...
- Q Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost...
- Q Bazar Company purchased 5% of the equity securities of another company for $160,000. At the end of the year, the fair value of the securities was $165,000. How should the...
- Q El costo de material es de $10 por unidad, el costo de mantener inventario es de $2 por unidad por mes, el costo de desabasto es de $15 por unidad...
- Q What is a real-life example of how managerial accounting helps managers to improve operational and financial performance?
- Q Record journal entries for the following transactions for Captain Harry Outfitters using the perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)...
- Q Therrell Corporation has two divisions: Bulb Division and Seed Division. The following report is for the most recent operating period: Bulb Division Seed Division ...
- Q In November, Tom, Jerry and Paula determine that they should open a second location. Tom asks his mother Mary for $25,000 in cash. On November 1, Mary agrees, but asks...
- Q Serfass Corporation's contribution format income statement for July appears below: Sales$255,000Variable expenses114,750Contribution margin140,250Fixed expenses44,880Net operating income$95,370 The degree of operating leverage is closest to: a. 0.68...
- Q CARAVAN COMPANY BERLIN Managerial accounting deals with methods for recording, consolidating, evaluating and reporting costs. Look at the operations of Caravan Company Berlin and tell what cost information would be...
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