Accounting question and answers for September 04, 2023
- Q Compute the missing amounts in the contribution income statement shown below: Note: Round "Per Unit" answers to 2 decimal places
- Q How can the cash needs of a project be reduced?
- Q Liza needs P67,500 on June 14, 2019. She plans to repay the loan on September 12,2019. How much should she request from a lender whose discount rate is 9%. a....
- Q Martinez Co. borrowed $56,012 on March 1 of the current year by signing a 60-day, 11%, interest-bearing note. Assuming a 360-day year, when the note is paid on April 30,...
- Q Do you think this, "adequate segregation of duties." always works to prevent misdeed? Explain Please answer in your own words. Do not use outside resources.
- Q 6 2 points Which of the following statements is correct for amortizing debt issued at par? Interest expense is greater than interest payable each period. O Interest payable...
- Q XXXX LTD is a diversified corporation and has developed the following information about its five segments: A B C D E Total sales $180,000 $ 625,000...
- Q Goal seek analysis uses the to find the actual input; actual output desired output; required input actual output: actual input desired input; required output
- Q Make or Buy Decision: Ashley Bicycle Parts makes sets of pedals for 10-speed bikes. The company has the following costs per unit for each of the set of pedals: Direct...
- Q whats option should i chose ?
- Q The favorable variances have credit balances. They are contra-expenses and therefore decrease the expense Cost of Goods Sold. True or false?
- Q Culver Company is considering investing in new equipment that will cost $1.428,000 with a 10 -year useful life. The new equipment is expected to produce annual...
- Q BALLS AND BATS INC. PURCHASE EQUIPMENT ON JANUARY 1 2005 AT A COST OF 100,000. THE ESTAIMATED USEFUL LIFE IS 4 YRS WITH SALVAGE VALUE OF 10,000. 1. PREPARE TWO...
- Q At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,920 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage...
- Q The following beginning and ending balances were drawn from the records of Grimes Company: If Grimes Company sold equipment that had an onginal cost of $2,500...
- Q For the current fiscal year, Purchases were $300,000, Purchase Returns and Allowances were $4,500 and Freight In was $24,000. If the beginning merchandise inventory was $185,000 and the ending merchandise...
- Q on Ju ly 5, Brenner company recorded sales of merchandise inventory on account 65,000. The sales were subject to sales tax of 3%. on August 15, Brenner company paid 1,500...
- Q Transaction 01. Description of transaction June 1: Byte of Accounting, Inc. issued 2,650 shares of its common stock to...
- Q how is Macra deduction calculated in the year of disposition for an asset that has been deoreciated using the half year convention? what is the total drpreciation allowed for the...
- Q In response to which of the following events would an auditor issue a report that refers to consistency? I. A change in the useful life used to calculate the provision...
- Q Hunter has a $55,000 loss from an investment in a partnership in which he does not participate. His basis in the interest is $44,000. a. How much of the loss...
- Q Vargas Company uses the perpetual inventory system and the FIFO cost flow method. During the current year, Vargas purchased 500 units of inventory that cost $6 each. At a later...
- Q What is the present value of equal payments of $36,000 due at the end of each of 8 periods, Answer discounted at 5%?
- Q Perpetual and Periodic Systems-Recording Inventory-Related Entries using the Net Method The following transactions all relate to Sharper Inc.'s purchase of merchandise inventory on December 10....
- Q (Ignore income taxes in this problem.) The Poteran Company is considering a machine that will save $3,000 a year in cash operating costs each year for the next six years....
- Q Why should a company prepare a bank reconciliation for each account every period? What types of issues are avoided by doing this? please do not copy from internet.
- Q Alex emiti un pagar a favor de Ben por P5000. Ben perdi la nota. Cris encontr la nota y se la present a Alex. Alex pag a Cris. Es vlido...
- Q Exercise 23-14 Your answer is partially correct. Try again. Windsor Inc., a greeting card company, had the following statements prepared as of December 31, 2017. WINDSOR INC. COMPARATIVE...
- Q Si un bono con un valor nominal de $1,000, una tasa de cupn y un rendimiento al vencimiento del 8 % y un ndice de conversin de 20,...
- Q Sibble Corporation is considering the purchase of a machine that would cost $280,000 and would last for 5 years. At the end of 5 years, the machine would have a...
- Q Paula Boothe, president of the Sarasota Corporation, has mandated a minimum 6% return on investment for any project undertaken by the company. Given the company's decentralization, Paula leaves...
- Q Required informationSouth Atlantic Chemical Company manufactures industrial chemicals in Rio de Janeiro, Brazil. The company plans to introduce a new chemical solution and needs to develop a...
- Q Describe the purpose and the financial reporting requirements for the General and Special Revenue Funds. Include the way the modified basis of accounting is used to account for revenues and...
- Q i need help with this question.show work please n addition, you learn that there were no anticipated bad debts on receivables, and the rent payment was for a...
- Q Workflow Systems specializes in servers for work group o-commerce, and Thus, budgets only overhead costs...
- Q I have an accounting task and i need help filling out the general journal . The exel sheet is how we need to answer the question ( it has a...
- Q Joyce, age 40, and Sam, age 42, who have been married for seven years, are both active participants in qualified retirement plans. Their total AGI for 2013 is $120,000. Each...
- Q the trade desk: Opportunity and Risk Assessment: Describe competing and existing initiatives, regulatory trends, and other factors influencing the opportunity to solve the problem and collect data. What resources are...
- Q D) if their market value has increased enormously in the recent past Question 20 20) Which of the following accounting methods is usually used...
- Q On January 2, 2021, Concord Corporation issued at par $2060000 of 5% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock. No bonds were converted during...
- Q #10 Novak Corp. issues $1.50 million, 10-year, 8% bonds at 97, with interest payable each January 1. a. Prepare the journal entry to record the sale of these bonds on...
- Q Steve Pratt, who is single, purchased a home in Riverside, California, for $540,000. He moved into the home on February 1 of year 1. He lived in the home as...
- Q Derive the NPW equation formula by hand.
- Q Course Reflection To begin, reread the Course Learning Outcomes we have covered in class which are as follows: 1. Implement the proper accounting procedures for liabilities....
- Q Accrued revenues: Multiple Choice At the end of one accounting period result in cash receipts in a future period. At the end of one...
- Q A company had been selling its product for $58 per unit, but recently lowered the selling price to $34 per unit. The company's current inventory consists of 295 units purchased...
- Q John has been conducting a great business with a pie and pastie factory. He is now making $300,000 in profits each year but has a big income tax bill....
- Q An investor has a long-term investment in stocks. Regular cash dividends received by the investor are recorded as Fair Value Method Equity Method A reduction of the investment Income Income...
- Q Hunter has a $55,000 loss from an investment in a partnership in which he does not participate. His basis in the interest is $44,000. a. How much of the loss...
- Q Shocker Corporation's sales budget shows quarterly sales for the next year as follow unit sales. quarter 1: 10,000 units quarter 2: 8,000units quarter 3: 12,000 units and quarter 4 14,000...
- Q explain load application in staad pro and etabs
- Q Big-Co, which uses the periodic method and records purchases at net, has beginning inventory of $200,000. Big-Cos data for 20X1 includes the following: Purchases $150,000 Freight-in 8,000 Purchase discounts lost...
- Q Perry, Incorporated desires to maintain the ending inventory of raw materials at 40 percent of the next quarter's raw material needs. What is the cost of raw materials to be...
- Q During 2021 equipment was sold for $75,000. This equipment cost $120,000 and had a book value of $80,000. Accumulated depreciation for equipment was $325,000 at 12/31/20 and $310,000 at 12/31/21....
- Q can someone help me answer this IKIBAN INCORPORATED IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Cost of goods sold Gross...
- Q Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements....
- Q "Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Required: 2. Determine the cost...
- Q If Integrity Co. acquires all of the common stock of Accountability, Inc. Where will the entries necessary to arrive at consolidated balances appear? If Integrity Co. acquires all of the...
- Q Please show formula used to answer question. sThe standard costs and actual costs manufacture of 2568 units of actualroductioa or...
- Q Hagerman Corporation's most recent income statement appears below: Sales (all on account) $445,000 Cost of goods sold 267,000 Gross margin 178,000 Selling and administrative expense 89,000 Net operating income 89,000...
- Q which report displays the business's profit and loss in picture form
- Q Perez Bike Company makes the frames used to build its bicycles. During Year 2, Perez made 24,000 frames; the costs incurred follow. Unit-level materials costs (24,000 units $55) $...
- Q Variable costs within the relevant range for a firm are assumed: Not to vary per unit. ...
- Q QUESTION 7 Which of the following best describes the tax consequences associated with revocable trusts? I. All assets are included in the beneficiarys gross estate. II. The Grantor...
- Q On the statement of cash flows; when a company purchases a security it considers a cash equivalent, the cash outflow is: A)Reported as an operating activity. B)Reported as an investing...
- Q Hi there, Please answer the incorrect parts of this question. I found a question with the same numbers and same question but that one was incorrect. Please give the right...
- Q Primary Co. issed a bond with a face value of $100,000 at 98 . Was the bond issued at a premium or a discount?...
- Q manaterumk? manaterumk
- Q Please help me with adjusting entries, adjusted trial balance, financial statements and calculating ratios. Overview: You just began a position as a financial accountant at Peyton Approved. In this...
- Q 3 points Primary Co. declared a cash dividend of $20,000 of February 12,2021 . Journalize the required entry
- Q Hi! I am having such a hard time with this assignment and I am so confused. I have a concussion and it is making it so difficult for me to...
- Q Snap Company issues 12%, five-year bonds, on January 1 of this year, with a par value of $170,000 and semiannual interest payments. Semiannual Period-End Unamortized Discount Carrying Value (0) January...
- Q Financial statement impact of a lease On January 1, 2017, Kiger Manufacturing company leased a factory machine for six years. Annual payments of $21,980 are to be...
- Q College Coasters is a San Diego-based...
- Q Calculate the AGI, Taxable Income and Tax Liability for 2021 for Samantha age 63 and Bob age 64 who are married filing jointly and have the following income and...
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