Accounting question and answers for November 26, 2023
- Q Distinguish among a cost center, a profit center, and an investment center. Provide an example of each for a multi-hospital corporation. What are some of the uses that management...
- Q The answer are 63000000 and 77000000 respectively. Could you please show the calculation Entity A started a three-year contract to build a new office building on 1 April 2020. The...
- Q Pistol Corporation purchased 100 percent ownership of Scope Products on January 1,20X6, for $56,000, at which time Scope Products reported retained earnings of $10,000 and capital stock outstanding...
- Q Legislation, regulation and industry codes are applicable to financial management. What is their purpose?
- Q 5-30 Job costing with single direct-cost category, single indirect-cost pool, law firm. Bradley Associates is a recently formed law partnership. Emmit Harrington, the managing partner of Bradley Associates, has just...
- Q Kristen Lu purchased a used automobile for $29,900 at the beginning of last year and incurred the following operating costs: Depreciation ($29,900 5 years) $ 5,980 Insurance $ 3,100...
- Q Harrison Company makes two products and uses a conventional costing system in which a single plant-wide predetermined overhead rate is computed based on direct labor-hours. Data for the two products...
- Q Muscat Company produces calculators which it normally sells to retailers for R.O. 7 each. The cost of manufacturing 20,000 calculators is: Materials R.O. 0.5 per unit Labor 1.5 per unit...
- Q 1. On December 24, 2015, Partridge Corps (an accrual basis calendar year taxpayer) board of directors authorized a cash charitable contribution of $10,000 to the American Cancer Association. The contribution...
- Q Donnelly Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $8.00 each, and the variable cost to manufacture them was $2.50 per...
- Q Capital Investment Decisions Entertainment World is considering purchasing an amusement park in Blue Ridge Mountain, North Carolina, for $ 1,850,000. The new facility will generate annual net cash inflows of...
- Q Fuqua Companys sales budget projects unit sales of part 198Z of 10,200 units in January, 12,600 units in February, and 13,800 units in March. Each unit of part 198Z requires...
- Q Jones corp has a target profit of $106,000 The break even point is $106,000 and the varaiable expenses are 80% of sales. What is the amount of jones corps...
- Q Rachel, an employee of the BBB CPA firm, spent $3,000 for business expenses (none of which are subject to the 50 percent limitation). She was reimbursed $4,000 for these expenses....
- Q Based on your study and analysis of the financial reporting requirements for companies listed on a public stock exchange as outlined in the Sarbanes-Oxley Act (see Student Guide to...
- Q PLEASE HELP WITH STEP 1 THROUGH 6 On August 1, 2022, the following were the account balances of B&B Services. During August, the following summary transactions were completed. 1 Paid...
- Q Question Content Area/Ledger Process Costing Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Jabari Steel...
- Q A company purchased a truck on January 1, 2019 for $160,000. It is estimated that the equipment will have a $20,000 salvage value at the end of its 10-year useful...
- Q Pippin Ltd is planning to prepare its monthly financial statements, so it asked the store keeper to find out the closing stock for one of its products....
- Q Cash Payback Period A project has estimated annual net cash flows of $51,000. It is estimated to cost $204,000. Determine the cash payback period. If required, round your answer to...
- Q explain the effect of the write-off of bad debts and allowance for bad debts for company's performance. please give some example
- Q Workpapers and financial statements in year of acquisition Pal Corporation acquired 100 percent of the outstanding voting stock of Sal Corporation for $91,000 cash on January 1,...
- Q On-site granular ferric hydroxide (GFH) systems can be used to remove arsenic from water when daily flow rates are relatively low. If the operating cost is $600,000 per year, what...
- Q Considere los siguientes dos eventos separados para una empresa durante el ao: 1. Prdida en venta de inversiones = $30. 2. Ganancia no realizada sobre la inversin del aumento...
- Q What financial statements are required by FASB? Expand 3-4 paragraphs
- Q Gross Profit During the current year, merchandise is sold for $154,400 cash and $598,300 on account. The cost of merchandise sold is $504,300. What is the amount of the gross...
- Q In June 2015, a public university bills and collects $45 million in tuition for the summer semester that runs from June 1 through July 15. In addition, in May and...
- Q Discuss in actual situations the considerations of unethical/illegal photocopying.
- Q Zoro Ltd has determined that its China division is a cash-generating unit. The carrying amounts of the assets at 30 June 2020 are as follows: factory $210 000, land $150...
- Q Problem 7 Hillcrest Tech, Inc....
- Q There is a community program that is evaluating whether wealth in the area has increased over several years. Only one of the following will be useful for you to determine...
- Q please answer question c Review Cullumber's bank statement and identify any items on it that are not included in either the company's cash receipts summary or cheque...
- Q Which of the following is a bad strategy for learning
- Q During its first year of operations, Rosa Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 27,650 shares for cash at $5 per share. July 1 Issued...
- Q In 2019, Ava, an employee, who files single, has AGI of $42,000 and incurred the following miscellaneous itemized deductions this year: Union dues and work uniforms: $900 Home office...
- Q Exercise 10-13 Utilization of a Constrained Resource [LO5, LO6] Banner Company produces three products: A, B, and C. The selling price, variable costs, and contribution margin...
- Q Case information Beginning of the year: January 1, 2022 StylPen, Inc. recently hired you on a special project to manage the cost accounting function for its pen division. StylPen's pen...
- Q Acct 2220 Zeigler: Chp 7 Intro & Bee Gee Budget Case Study Assignments: Read Chapter 7, review the PPT slides and walk-through the self-review problem (pg 272-274)...
- Q Using information from these web sites, along with other resources, prepare a report that addresses the following issues for your selected country: (1) compare and contrast the corporate governance principles...
- Q LIAS Inc. bonds have a face value of $1,000, mature in 14 years, pay interest semiannually, and have a coupon rate of 5.75 percent. The next interest payment will be...
- Q Mason, a licensed pharmacist, has always lived and worked in Boston. When he retires from a national drugstore chain, he conducts an extensive job search for any kind of employment...
- Q Pretend you are a manager of your favorite manufacturing company (Apple). Discuss how you would use the balanced scorecard to evaluate your company. Be specific.
- Q During the year ended 30 June 2018, Acer Ltd sold inventory to its wholly owned subsidiary Carlon Ltd for $50 000 cash. The items previously cost Acer Ltd $35 000....
- Q Question Content Area Copy equipment was acquired at the beginning of the year at a cost of $20,940 that has an estimated residual value of $1,900 and an estimated useful...
- Q Beside cultural aspects, there are multiple reasons why the mortgage market has not flourished in Bangladesh. You need to point out these reasons and how the government can implement strategies...
- Q Activity-based cost systems create Question 28 options: A) one large cost pool. B) homogeneous activity-related cost pools. C) activity-cost pools with a broad focus. D) activity-cost pools containing many direct...
- Q Hair Product Services Corp. bought supplies in the amount of $1,500 on 11/28. What account is debited and what account is credited in the journal entry required on...
- Q what is bitcoin 1000words on it
- Q 5 How many MB of data are generated per plant per week at Nature Fresh Farms? 12 120 1200 12000
- Q 3. A 20-year maturity coupon bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 20%. When the bond sells at 1500, the YTM...
- Q Explain the "routine use" exception in the Privacy Act and give one example.
- Q Explain how a company should respond to changes related to domestic and global economies to remain in business and competitive.
- Q Get Away, a travel magazine, collected $500,000 in subscription revenue in May. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with...
- Q History of the country of Naurru and Obesity?
- Q Henry contributes cash of $100,000 and Juanita contributes property with an adjusted basis of $75,000 and a fair market value of $100,000. Henry and Juanita are equal partners. They split...
- Q corporate accounting - issue of shares at premium Q1: Havana Ltd. issued 100000 shares of 100$ each at a premium of 10$ per share, payable as: On application. $50...
- Q Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world....
- Q Aiello, Inc. had the following inventory in fiscal 2016. The company uses the FIFO method of accounting for inventory. Beginning Inventory, January 1, 2016: 130 units @ $15.00 Purchase 200...
- Q The board of directors of Swifty Corporation declared a cash dividend of $1.80 per share on 43000 shares of common stock on July 15, 2020. The dividend is to be...
- Q When a company receives a cash dividend from equity securities with insignificant influence, the journal entry is: A. debit to Investment in Equity Securities and credit Cash. B. debit to...
- Q On May 3, 2014, Eisler Company consigned 104 freezers, costing $670 each, to Remmers Company. The cost of shipping the freezers amounted to $870 and was paid by Eisler Company....
- Q 47. value: 6.00 points The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year:...
- Q On January 1, 2016, the Marjlee Company began construction of an office building to be used as its corporate headquarters. The building was completed early in 2017. Construction expenditures for...
- Q PROBLEM 2 On January 1, James Corporation issued $400,000, 4%, 5-year bonds at 103. Interest is payable semiannually on July 1 and January 1. Straight-line amortization method is used. Prepare...
- Q This companys accounting policies require it to debit expense accounts when expenses are paid in advance, and to credit revenue accounts when customers pay for services in advance. Record entries...
- Q Los siguientes datos se relacionan con las operaciones de Shilow Company, un distribuidor mayorista de bienes de consumo: Activo circulante...
- Q Prudies number.
- Q Peerless Corporation (a U.S.-based company) made a sale to a foreign customer on September 15, for 121,000 crowns. It received payment on October 15. The following exchange rates for 1...
- Q The following balances were taken from the records of Blossom Company: Common stock (1/1/2021 and 12/31/2021) $723,900 Retained earnings 1/1/2021 $164,100...
- Q Question Five: The professional associations are issuing many accounting standards related to disclosures, but many corporations disclose more information than required, explain? What are the types of disclosures according to...
- Q On the first day of the fiscal year, a company issues a $3,400,000, 11%, 8-year bond that pays semiannual interest of $187,000 ($3,400,000 11% ), receiving cash of...
- Q Creative accounting is defined as using the flexibility in accounting within the regulatory framework to manage the management and presentation of accounts so that they give primacy to the interest...
- Q Compute the 2020 standard deduction for the following taxpayers. a.) Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their...
- Q State construction company is owed equally by Andy, Bill, and Charlie. Andy works in the corporation full-time, and Bill and Charlie work elsewhere. Andy's employment contract with State specifies a...
- Q (1 point) (Exercise 3.12) Payments of $200 per quarter are made from June 7, Z through December 7, Z + 11, inclusive. If the nominal rate of interest convertible quarterly...
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