Accounting question and answers for September 11, 2023
- Q Una empresa pidi prestados $28 000 mediante la firma de un pagar a 180 das al 6%. El inters total adeudado en la fecha de vencimiento es: (Usar los 360...
- Q Shockglass Company had a beginning inventory of $17,500. During the year, the company recorded inventory purchases of $70,000 and cost of goods sold of $55,000. The ending inventory must equal:
- Q 18-7 An Opinion Based on Agreed-Upon Procedures Management often calls for an independent auditors assistance. For example, an audit clients management might request that...
- Q AH= Actual Hours SH= Standard Hours AR= Actual Rate SR= Standard Rate & 2. Compute the direct labor rate variance...
- Q Which of the following statements regarding GST instalments is incorrect? A)GST instalment payments are due on Mar 15, June 15, September 15 and December 15 B)An annual filer will have...
- Q What characteristics about the non-profit homeless shelter suggest the hybrid cost system is what should be used
- Q The following information is from the 2015 records of Armand Camera Shop: Accounts Receivable, December 31, 2015 $40,000 (debit) Allowance for Bad Debts, December 31, 2015 prior to adjustment 1,500...
- Q Understand the link between strategy and staffing decisions
- Q To postpone casualty gain, the end of the replacement period is the last day of the tax year that is: Three years after the date of the disaster. ...
- Q McLeod Corporation is a merchandising company. The year began with inventory of $16,000, Purchases for the year were $41,000, and the Ending Inventory was $3,000. What is the Cost of...
- Q Please help me out with this question! Thank you!! Windman Sales, Inc.'s comparative income statements and balance sheets show the following selected information for 2019 and 2020: (Click...
- Q 5- As a cost accountant, given the following performance report of County Hospital, a- State in which stage does the cost accountant prepare the report? a- Give your opinion on...
- Q Problem 8-70 (LO 8-4) (Algo) Skip to question [The following information applies to the questions displayed below.] Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey...
- Q 4 Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $42,000 and...
- Q How would I set up a master budget
- Q According to Teslas 10-K, how many Model S cars did the company deliver in 2013? 23,000 22,477 35,164 23,477
- Q Applying the benchmarking process to a function or an activity
- Q Creative Computing sells a tablet computer called the Protab. The $780 sales price of a Protab Package includes the following: . One Protab computer. .A 6-month limited warranty....
- Q The following are the current month's balances for Toys Galore: Accounts Payable $8,000 Revenue 10,000 Cash 5,000 Expenses 1,750 Furniture 12,000 Accounts Receivable 14,000 Jones, Capital 8,250 Notes Payable 6,500...
- Q You are the manager at a United Staten company who is overseeing the expansion of a new telecommunications division into the Ukraine. The fom has taced...
- Q (a)
- Q When companies are unable to choose a transfer-pricing method which meets the requirements of the divisions concerned, they may use : 1. dual pricing. 2. cost pricing. 3. market pricing....
- Q Once the estimated depreciation expense for an asset is calculated: a. it cannot be changed based on historical cost principle b. it may be revised based on new information c....
- Q Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125...
- Q For accounting purposes, the method used to account for investments in common stock is determined by the amount paid for the stock by the Investor
- Q The comparative balance sheet of Del Ray Enterprises Inc. at December 31, 2016 and 2015, is as follows: 1 Dec....
- Q Review the video to help you answer the following question Assume Smart Touch Learning estimates that 35% of their sales are for cash and 65% of...
- Q Provide the missing data in the following table for a distributor of martial arts products: (Round "Turnover" and "ROI" answers to 1 decimal place.) ...
- Q The following data relate to direct labor costs for the current period: Standard Costs 6,800 hours at $11.60 Actual Costs 6,000 hours at $10.50 What is the direct labor...
- Q In march gross earnings if monty company totaled 270,000 .All earnings are subject to 7.65% FICA taxes ,5.4% state unemployment taxes and 0.6 federal unemployment taxes. Compute the employers payroll...
- Q Which of the following types of cost is shown in the cost data below? Cost per Number of Units $6,000 1 3,000 2 2,000 3 1,500 4 a....
- Q Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 14% of any income, before deducting bonus and income taxes, above $100,000. Income before bonus and income...
- Q The Jennings Want to Know: How Much Is Enough? Darrell and Lena Jennings are a two-income couple in their early 30s. They have two children, ages 6 and 3. Darrell's...
- Q Smoky Mountain Corporation makes two types of hiking bootsthe Xtreme and the Pathfinder. Data concerning these two product lines appear below: Xtreme...
- Q On January 1, 2018, a machine is purchased for $110,000. It is expected to have a useful life of 8 years, during which time...
- Q Apply the Concepts: Physical Flow, Equivalent Units, and Unit Costs Scenario 1: All inputs are added uniformly. Craig Laboratories had the following data for its CBC test for...
- Q 3 information applies to the questions displayed below) Part 3 of 15 Cane Company manufactures two products called Alpha and Beta that sell for...
- Q When the total fixed costs decreases, the contribution margin per unit ________. a. increases b. decreases c. increases proportionately d. remains the same
- Q If this landfill is judged to be a governmental fund, what liability will be reported at the end of the second year on fund financial statements? 1. S-0-...
- Q A Prepare the bank reconciliation for Judd Company for the...
- Q complete statement Current Attempt in Progress The adjusted trial balance of Bramble Corp, for the year ended Decer Prenare a multinla-efen inmme etatement 31,2022...
- Q Explain two ways how the requirements in IAS 138/AASB 138 may influence management R&D decisions, assuming management compensation is based on profits. For each issue, briefly discuss the potential short-...
- Q What is a provision? Briefly discuss its types with examples.
- Q Write about how amortization of intangibles is done for different types of intangibles.
- Q 10. Sabiendo que existen diferentes mtodos para calcular la depreciacin de un activo, cul cree usted que es mejor para deducciones gravables y pagar menos impuestos y por qu? Cul...
- Q What is goodwill? How is it treated in accounting?
- Q Co.C , through no fault of its own, lost an entire plant due to an earthquake on May 1, 2021. In preparing its insurance claim on the inventory loss,...
- Q on may 1, 2020 Ms. A receives a 210000 loan from her employer in order toassist her in purchasig a new home. the loan requiers no payment of interst but...
- Q Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $174,000. Shipping costs were $5,000. The trade-in (salvage value) is $19,000. Prepare...
- Q The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is as follows: 1 Dec. 31, 2016...
- Q A. John Jamail says that he doesn't understand why companies have labor price (rate) variances because most union contracts or other binding agreements set wage rates that do not normally...
- Q Spice Inc.'s unit selling price is $53, unit variable costs are $39, fixed costs are $102,000, and current sales are 9,900 units. How much will operating income change if sales...
- Q Which of the following results is generally considered favourable? A decrease in the operating cash flow ratio A decrease in the inventory turnover ratio An increase in sales along with...
- Q PA8. LO 11.3Referring to Exercise 11.7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the purchase of the printer impacts...
- Q 4. I am assuming you are familiar with Verizon. Write a short paragraph describing what new information the gross profit computations are providing you about Verizons business model and operations
- Q A company produces and sells 2,000 units of finished goods and incurs $60,000 of fixed costs annually. The contribution margin is $60 per unit, and variable cost is $40 per...
- Q How does IAS 2 define inventories? And Valuation of stock (inventory) is based on the lower of cost and net realizable value. In the case of Boohoo plc, when might...
- Q Pattys Pots (PP) manufactures large plastic pots for nurseries to grow large tropical plants for hotels and offices. Demand for the pots is fairly even throughout the year. ...
- Q Presented here or long-term liability items for Splish Brothers Inc. at December 31, 2017. Bonds payable do 2021 $670,000 notes payable do 2019 $79,000 discount on bonds payable $31,000 repair...
- Q 4 Make the case for and against an independent Federal Reserve. (10.05)
- Q Ethics for professionals.
- Q What would be the amount of loss (profit)per unit if Garner sells to cheap at $600 per unit?
- Q Preparing a Cash Budget La Famiglia Pizzeria provided the following information for the month of October: Sales are budgeted to be $152,000. About 85% of...
- Q What are the factors that influences pricing decisions. Discuss, stating the various approaches used in setting prices.
- Q Please respond to the following questions using a word document. Questions: 1. What is the difference between cash and accrual accounting? 2. What are some advantages and disadvantages of accrual...
- Q Problem 9-5A Calculating depreciationpartial periods LO2,3 West Coast Tours runs boat tours along the west coast of British Columbia. On March 5,2023, it purchased, with...
- Q Insure Your Life! Providing for our loved ones in the event of our death is a serious concern for most of us. The problem is that planning for such an...
- Q A company receives a $800 utility bill for the current month but does not plan to pay the bill until early next month. Record the receipt of...
- Q Johnson's Plumbing wishes to pay off a debt of $21,000 in 6 years. What amortization payment would they need to make every three months, at 6% interest compounded quarterly?
- Q These are calculations for SOLVENCY , apart from doing the math, we are supposed to explain them
- Q The con arguments for a universal set of accounting standards?
- Q the following information has been obtained from the Massena Corp. 100,000 shares of common stock were outstanding on January 1, 2015. 30,000 shares of comon stock were issued on March...
- Q 1- What is the par value of each common share?4 Calculated based on net income attributable to shareowners of The Coca-Cola Company. Refer to Notes to...
- Q The following information is provided for the sales of merchandise item PQ for the first week of December 2020: December 1st, Bought 1,200 units @ $11 December 2nd, Bought 1,800...
- Q This year, Leron and Sheena sold their home for $750,000 after all selling costs. Under the following scenarios, how much taxable gain does the home sale generate for Leron...
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