Accounting question and answers for September 07, 2023
- Q Blossom Company signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $11,400 is made....
- Q what type of long-term classification is Investment in Duffa bonds: $165,500 cost; $178,000 fair value. This investment is not readily marketable and is not classified as held-to-maturity or trading? ...
- Q On October 31, the stockholders equity section of Heins Company consists of common stock $290,000 and retained earnings $888,000. Heins is considering the following two courses of action: (1) declaring...
- Q Question 26 3 pts [Note] This question and the next question (or the previous question) are based on the same data! Units Work in process, October 1 (60%...
- Q On January 1, 2017, Eddy Corporation had retained earnings of $548,000. During the year, Eddy had the following selected transactions. 1. Declared cash dividends $128,000. 2. Corrected overstatement of 2016...
- Q Question 10 please? . > Data View(Data) > #Question 1 > age summary (age) Min. 1st Qu. Median Mean 3rd Qu. Max. 15.00 30.00 40.00 39.06...
- Q (b) The auditor shall obtain an understanding of control activities relevant to the audit, which the auditor considers necessary to assess the risks of material misstatement Explain in...
- Q 1. Please compare and contrast the following: A. the normal sale of inventory transaction with the sale of inventory and collection of sales tax. B. the working capital and current...
- Q 7) True or False: The debt ratio is the ratio of total debt provided by the total equity. 8) The relationship between total liabilities and total assets is...
- Q Alamo's customer service department follows up on customer complaints by telephone inquiry. During a recent period, the department initiated 15,700 calls and incurred costs of $329,700. If 3,150 of these...
- Q Use the following data to prepare a flexible budget for possible sales/production levels of 5,000, 5,500, and 6,000 units. Make sure to show the contribution margin at each activity level....
- Q In the basic EOQ model, if D = 96 per month, Co = $11, and Cc = $15 per unit per month, what is the total inventory cost? Group...
- Q different divisions differing lines of business use different costs of capital because their cost of equity is different and also because the_ could be different. (a) optimal asset mix (b)...
- Q In the current income tax year Eddie has a phone business and sells $500,000 (excluding GST) of mobile phones, and also receives a non-redeemable and non-transferable holiday from Ericson, a...
- Q 3. Research any bonds issued by a local government body in your community / state. (preferably massachusetts or new hampshire) a) Identify the bond issuer, the purpose of the bond,...
- Q 4-30 please solve Computations Involving Interest Chap. 134 4-27. What uniform annual investment is required in 4-28. Problem 4-20 to achieve the account balance as results in...
- Q Assume that on September 30,2020 . Flyair, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 45,000,000 ( is the...
- Q Review the existing literature to critically examine the relative information content of the income statement and the statement of cash flows. Why do investors find both income statement and statement...
- Q Parkins Company produces and sells a single product. The company's income statement for the most recent month is given below: ...
- Q Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifaxs sales are for...
- Q 01. June 1: Hudson Bloom invested $158,112.00 cash and computer equipment with a fair market value of $36,000.00 in his new business, Byte of Accounting. ...
- Q Which of the following is/are true? I. Asset management ratio indicates how effectively a firm generates profits on sales, assets and stockholders equity. II. Liquidity ratios indicate the firms capacity...
- Q write a three paragraph composition about a person whom you made the interview with. Be sure to include a main idea, three supporting ideas, details, and a conclusion. (word limit...
- Q JDS Shipyard's projected benefit obligation, accumulated benefit obligation, and plan assets were $40 million, $30 million, and $25 million, respectively, at the end of the year....
- Q Zen Arcade pag la nmina semanal el 2 de enero mediante el cargo de Gastos de sueldos y salarios por $47,000. El contador que prepar el asiento de nmina pas...
- Q Use the following information to answer the next 3 questions. A company with a DB pension plan had a beginning PBO of $699,000 and beginning Plan Assets of...
- Q True or False: Purely Pizza Company sells pizzas in two different sizesmedium and large. The number of medium pizzas sold is twice the number of large pizzas sold. The contribution...
- Q how do companies determine if goodwill has been impaired? What valuation methods are available - is this ever discussed by management in the financials? How might management minimize the impairment...
- Q The following data have been recorded for recently completed Job 674 on its job cost sheet. Direct materials cost was $2,639. A total of 38 direct labor-hours and 181 machine-hours...
- Q A diversified food company is considering the closing of its condiment division. What qualitative factors should be considered before discontinuing a division or product line?
- Q Answered
- Q 1. Cul de las siguientes proporciones utiliza ingresos netos desapalancados? (marque todo lo que corresponda) Rendimiento de los activos Rendimiento de las ventas Apalancamiento financiero...
- Q Accounting taxation question Explain Value added Tax (VAT), using an illustrative numerical example of your own.
- Q Maria donated $80,000 cash to a public charity. What is Maria's 2020 charitable contribution deduction (after application of the limitation) if Maria's 2020 AGI is $100,000?
- Q Determine each of the following: a. If your current ratio is 2 and your current assets are $600,000 what is the amount of your current liabilities? b. If...
- Q Many of us apply the time value of money in our personal lives; for example, when we invest dollars in a young childs bank account earmarked for his or her...
- Q A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, it purchased 10 units at $22 each. On November 6 it...
- Q A company started the year with owners' equity of $85,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and paid dividends of $20,000. What was the...
- Q Dividends Per Share Windborn Company has 20,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:...
- Q Janno Enterprises prepaid four months of office rent totaling? $9,000 on October? 1, 2019. The rent period begins on October 1. Assuming Janno records deferred expenses using the alternative? treatment,...
- Q Discuss why the EOQ formula may give poor results for determining planned order releases
- Q I'm required to calculate the financial ratios of these two companies using these two financial...
- Q Reading Margin of Safety Document and Using Jean's Jeans instructions and documents, complete the analysis of whether to make or buy your jeans: use your own words, i will upvote!!!!...
- Q The following changes took place last year in Pavolik Companys balance sheet accounts: Asset and Contra-Asset Accounts ...
- Q Ten month of data and the forecasts for those same periods are in the table belowe Use these data for the remaining questions in this assignment \table[[Month,Actual,Forecast],[lanuary,42,47],[February,58,50],[March,58,58],[April,77,82],[May,91,84],[June,102,108],[July,124,113],[August,148,160],[September,171,155],[October,177,174]] ...
- Q The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a...
- Q At December 31, 2018, the balance sheet of Goode Corporation included 80 million common shares. On October 1, 2019, Goode retired 4 million shares...
- Q Consider the 2019 Annual Report of Blackmores Group. Briefly explain how Blackmores governance is organized. Do you notice any strategies in place to align manager and shareholder interests at Blackmores...
- Q Explain the major advantages and disadvantages of a business owner with minimal accounting experience maintaining the companys book.
- Q Dave's Duds reported cost of goods sold of $2,500,000 this year. The inventory account increased by $190,000 during the year to an ending balance of $485,000. What was the cost...
- Q Open Kellogg's Annual Reports and find paragraph entitled property under ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS, and explain what the term impairment means....
- Q 1. Comma splices can be fixed with a semicolon by simply placing the semicolon between the two independent clauses.? True or False. The following sentence is an example...
- Q please write in your own words. explain the auditor's appointment, remuneration, duties (in Oman).
- Q #4. When the sale of finished goods is recorded, the balance in which of the following accounts will decrease? (select one option) None of the listed choices are correct Factory...
- Q help
- Q please write in your own words. choose a company and write the concepts, tools and techniques to review the structure, process and effectiveness of the governance of the chosen organization...
- Q Discuss the connection between accounting standards and the Corporations Act Discuss the role of the ASIC and AASB in connection with the regulation of companies in Australia.
- Q The company estimates, based upon its experience from prior years, the total warranty costs for the standard warranty to average $100 per screen, being $60 for parts...
- Q Tyreek contributed land to a new partnership with a fair market value of $300,000 and a tax basis of $69,000. The equipment was subject to nonrecourse debt of $70,000. In...
- Q Case 7-11 Use of the Balance Sheet The balance sheet is one of the major financial statements prepared by corporations. Required: How does the information in the balance sheet help...
- Q Which of the following accounts are part of Inventory for manufacturing firms? ( check all the following that would apply) cost of goods sold raw materials finished goods work in...
- Q The financial statements of Wellman Employment Services, (Cick the i on to view the urt informaton.) Inc, reported the following accounts (adapted, with doilar...
- Q I need really examples 1. What is Scope creep? Give at least one example from your experience and/or from a article that you...
- Q Deleston Boat Wash's cost formula for its cleaning equipment and supplies is $2,150 per month plus $21 per boat. For the month of September, the company planned for activity of...
- Q Discuss why the EOQ formula may give poor results for determining planned order releases
- Q Equipment, Salary Payable and Office Furniture have normal balances of: A. debit, credit, and debit, respectively. B. credit, debit, and debit, respectively. C. credit, credit,...
- Q Units Produced Utility Expense Low 1,500 $70,000 High 2,600 $92,000 Using the high-low method, estimate the variable cost...
- Q Within ASC 105 in the Codification, which paragraph describes the applicability of SEC sections of the Codification? Locate this guidance and summarize it
- Q 6) Lenders may require a cash flow analysis to a. determine the profitability of the farm operation b. collect data to complete the net worth statement 4 c. determine...
- Q Alameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile installation, which might also increase the demand for its products....
- Q Emotions early preferences a. Decrease b. Reduce c. Harness d. Establish e. Delete
- Q Which of the following should not be reported as other financing sources (uses) in a Capital Projects Fund? Face value of general obligation bonds issued to finance a general...
- Q Carow Corporation purchased on January 1, 2017 , as a held-to-maturity investment, $60,000 of the 8%, 5-year bonds of Harrison Co. for $65,118, which provides 6% return. The bonds pay...
- Q Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common...
- Q Stella, single, owned a personal-use van that she bought for $20,000. The van was damaged in a fire (a federally-declared disaster) in 2020. The FMV of the van before the...
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