Accounting question and answers for November 23, 2023
- Q The total revenue curve of a firm is R(q) = 400 - 12q2 and its average cost A(q) = 1/30q2- 12.859 +20 + 400/4, where q is the firm's...
- Q 25. In which situation is an auditor unauthorized to release client confidential information, according to Rule 301 of the AICPA Code of Professional Conduct? (Points :...
- Q At the beginning of the year, Monty Ltd. had 900 units with a cost of $6 per unit in its beginning inventory. The following...
- Q In October, you sign a note for $50,000 in order to buy new equipment. The note is due in five years, at 8% annual interest. Semiannual interest payments are due...
- Q Last year Traction, Inc had positive net cash flow, yet its cash on the balance sheet decreased. What could explain these Events? A. Traction Issued long -term debt B....
- Q Review the provisions of the Sarbanes-Oxley Act of 2002 to address the accounting scandals in the late 1990s and early 2000s (Enron, WorldCom, etc.). Identify the provisions that you believe...
- Q Prepare journal entries to record the following transactions, assuming perpetual inventory updating, and last-in, first-out (LIFO) cost allocation. Assume no beginning inventory. (5 pts)
- Q Chapter 8, Q5 thanks! The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: ...
- Q Why does budgeting creates serious ethical issues for mane people and give an example?
- Q Annie is self-employed and has $47,600 in income from her business. She also has investments that generated dividends of $3,200 and interest of $2,300. What is Annies self-employment tax for...
- Q "On October 1, 2012, ABC Company collected $10,000 for consulting services to be performed from October 1, 2012 to April 31, 2013. The Company credited the revenue account when paid."...
- Q governance power. (2 marks) 4) Who is a sound chairman? (5 marks) cribe which came directors play to in
- Q Gill Co. prepared an aging of its accounts receivable at December 31, 20x5, and determined that the net realizable value of the receivables was $256,263. Additional information is available as...
- Q How is the sales tax rate usually determined? Does the company get to keep the sales tax as earned revenue?
- Q please ans in full and format given below This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an...
- Q 2. (75 points) Download the file "trans.txt" and implement a streaming algorithm for mining the top- k most frequent patterns. In the data file "trans.txt", every line is a...
- Q help? Altira Corporation provides the following information related to its inventory during the month of August 2024 : August 1 Inventory on hand 3,500 units; cost...
- Q Jasper Company has 62% of its sales on credit and 38% for cash. All credit sales are collected in full in the first month following the sale. The company...
- Q C. Calculate earnings per share for the year (2 decimal place) Pronghorn Limited reported profit of $425,925 for its November 30. 2024, year end. Cash dividends of $74,700 on...
- Q Which of the following statement is not applicable to financial statements? a. The balance sheet typically does not reflect current market values. b. On the income statement, operated department income...
- Q Based on the following information, compute cash flows from investing activities
- Q Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials quantity variance is? Direct materals standard (7kg....
- Q Hillyord Compony, on office supplies specialty store, prepsres its moster budget on a quarterly bosis. The following doto hove been ossembled to sssist in preparing the master budget for...
- Q please solve this problem ASAP 4. Two gasoline stations are situated across the street from each other and are in fierce competition. They face market demand of p=100.05Q,...
- Q Compute the OTP. Dreamland Company, a closely held corporation, has an authorized capital of P1,000,000 with par value of 10 per share. As of December 31, 2017, outstanding shares amounted...
- Q Nights Watch Security Inc. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary...
- Q Given the following: Number purchased 45 Cost per unit $3 January 1 inventory April 1 June 1 November 1 55 Total $ 135 390 385 480 $ 1,390 60...
- Q Demonstrate with support from literature - how the performance of companies can improve in terms of planning, control and decision making 300 words Critically evaluate the contributions which management...
- Q What is the total amount of current liabilities? A. $44,400 B. $39,900 C. $36,700 D. $41,900 What is the total amount of current liabilities? A. $44,400 B....
- Q At December 31, 2019, Gerald Company had accounts receivable of $1,500,000 and an allowance for doubtful accounts of $8,250. On January 1, 2020, Gerald Company wrote off a $1,500 bad...
- Q Either based on personal experience in your role or through a conversation with your employer, how the budget is used as a communication tool. What is its effectiveness? Who is...
- Q Earl Grey $4,000,000 in the lottery. He can take a lump sum today or take $160,000 each year for the next twenty five years. Assuming he could invest the money...
- Q In what way has the development of auditing and accounting in Japan been different from the development in other countries?
- Q p;ease answer b,c,d The following are partial financial statements for an Indus Company that you are required to analyze and value. All amounts are in millions of...
- Q Marston has the following information: Sales $120,000 Cost of goods sold 80,000 Tax expense 5,000 Operating expenses 20,000 Total assets 500,000 Accounts receivable 25,000 What is Marston's profit margin
- Q Fadel Ghanem has the following sources of income and deductions: Employment income 34,000 Property income 6,000 Business loss 54,000 Taxable capital gain 4,000 Allowable capital...
- Q Dinoco Petroleum faces three potential contingency situations, described below. Dinoco's fiscal year ends December 31,2024, and it issues its 2024 financial statements on March 15,2025. ...
- Q [The following information applies to the questions displayed below.] Iguana, Incorporated, manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo, which...
- Q Carla Vista Inc., in its first year of operations, has the following differences between the book basis and tax basis of its assets and liabilities at the end of...
- Q The Wine Supply Company is a national company that manufactures commercial winery equipment and supplies. The company operates under a decentralized organization structure, with two strategic business units (divisions) in...
- Q Kansas Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Percent Complete with Respect...
- Q posting for sec times Really don't want an incomplete answer I'll rate Maria Young is the sole stockholder of Purl of Great Price Company (POGP Company), which produces high-end...
- Q In the banking industry, marketing strategy plays an important role in keeping the business on-going and generating profit from it. Therefore, a bank should always be innovative and creative in...
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- Q Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $200 two years ago and has an expected life of six years....
- Q SECTION D: NUMERICAL ANALYSIS QUESTION Q1. From the following information provided below, you are required to (A) Horizontal analysis of the balance sheets (B) Vertical analysis of the balance...
- Q Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security Federal Income Tax withholding (FIT) may be incorrect. Larren is paid a salary...
- Q Which of the following medical conditions do not qualify under the Americans with Disabilities Act of 1990? Please briefly explain your answer for each item. c. An employee has pneumonia...
- Q On the direct materials budget, the total quantity of direct materials needed is computed as a. quantity needed for production + desired end inventory of DM - beginning inventory of...
- Q JavaPro Systems is a start-up company that makes connectors for high-speed Internet connections. JavaPro has budgeted three hours of direct labor per connector, at a standard cost of $14 per...
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