Accounting question and answers for September 17, 2023
- Q Explain the cash conversion cycle (CCC). Describe the CCC for your employer or company in an industry in which you're interested. What are some specific things that your company could...
- Q The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th...
- Q Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2020: Picture of the transactions
- Q Nasir Manufacturing produces two products in its Sharjah plant: Crystal and Glass. Since inception, Nasir has used only one manufacturing overhead pool to accumulate costs. Manufacturing overhead has been allocated...
- Q Critically evaluate Brewer's (2020) article by discussing if the Zero-Based-Budgeting approach is the best way for companies to increase profits. 300-500 words please
- Q Calculator In most business organizations, the chief accountant is called the treasurer. True False All work saved
- 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 direct materials cost was $30,000. Direct labor cost was $99,000. Actual overhead was $200,000. The average direct labor rate was $30/DL Hour, and manufacturing overhead was applied at a rate...
- 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 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;...
- 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...
- 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...
- 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 Accounts Receivable Analysis Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from...
- 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 A. Black Properties has just received a new dishwasher. The invoice (dated November 1, 2014) is as follows: Terms 2/10, n/30 Cost of dishwasher $25,000 Maintenance Three year contract...
- 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 x Company prepares monthly financial statements. The following transactions occurred during January: 1. On January 1, a one-year store rental lease was signed for...
- 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 Hassock Corp. produces woven wall hangings. It takes 2 hours of direct labor to produce a single wall hanging. Bartels' standard labor cost is $12 per hour. During August, Bartels...
- 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 At the beginning of the year, Monty Ltd. had 900 units with a cost of $6 per unit in its beginning inventory. The...
- Q The textbook describes Social Security as a fully funded pension plan. federally insured private pension plan. government sponsored private pension plan. "pay-as-you-go" system
- 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 C:14-42 Tax Treatment of Capital Losses. A simple trust had a long-term capital loss of $10,000 for 2014 and a long-term capital gain of $15,000 for 2015. Its net accounting...
- 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 Accounting for a controlling financial interest An acquiring company issues 5,000 shares of $2 par value common stock to acquire 100% of the voting common stock of an...
- 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 Donnas Beauty Salon had the following transactions for July: July 9: Purchased 625 units of inventory at $6 per unit. The seller offered a cash discount of 2/10, n/30. July...
- Q 1. Since firms do not produce inventory, they should primarly focus on variable costs why is that and why doesn't absorption costing include selling expenses. I taught it did in...
- 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...
- Q Explain when should both basic and diluted EPS be disclosed. In your response, discuss the potential impact (if any) on the stockholders.
- Q Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:
- 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 Thank you, I will leave a like! I will leave a like thanks! I will leave...
- 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 Q.No.3 a) As of 31st March 2019, the paid-up share capital of Sitara Ltd is Rs 10,000,000/- divided into 1000,000/- equity shares of Rs 10 each. Of this H ltd...
- 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 1. Shutterbee sells a number of custom photo products. Customers order and pay up front through the company's website. During the month, Shutterbee received $5,000 worth of orders. Of those...
- Q Determine the retirement savings contributions credit in each of the following cases: A married couple filing jointly with modified AGI of $37,500 and an IRA contribution of $1,600. A married...
- 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 You have the following information on a potential investment. Capital investment- 600,000 Estimated useful life- 5 years Estimated salvage value- zero Estimated annual net income- 30,000 Required rate...
- 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 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...
- Q All of the following liabilities are likely to be satisfied with cash except a. accounts payable. b. income taxes payable. c. wages payable. d. deferred revenue.
- Q Answer the following question(s) using the information below. A manufacturing firm is able to produce 1,000 pairs of shoes per hour, at maximum efficiency. There are three eight-hour shifts each...
- 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 governance power. (2 marks) 4) Who is a sound chairman? (5 marks) cribe which came directors play to in
- 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...
- 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 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 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 An inventory item of XYZ Manufacturing has an average daily demand of 10 units with a maximum daily demand of 12 units. The economic order quantity is 200 units. Without...
- 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 Smith Company purchases land, a building and equipment for $200,000. The fair values of the assets are as follows: Land: $50,000 Building: $150,000 Equipment: $50,000 Prepare the entry for the...
- Q Based on the following information, compute cash flows from investing activities
- 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...
- Q your answer. 8. When you are trying to find a lawyer to help you, what are some sources of lawyers' names
- Q Fraser Ltd issued 10 million shares at a price of $3 on 1 July 2012. The subscribers are required to pay $1 on application, $1 on allotment and the balance...
- Q Required: Display the flow of inventory. Convert the physical units into equivalent units. Compute the cost per equivalent unit. Assign the total costs for the period. Discuss...
- Q Thirty years ago, Mrs. Cash purchased an insurance policy on her own life. Mrs. Cash died this year, and the policy paid the $300,000 death benefit...
- Q A resident company that has a corporate tax rate for imputation purposes of 30% pays a $8500 dividend with $4500 of franking credits allocated to it to each of its...
- Q Which of the common deductions are allowed for both regular tax purposes and for AMT purposes? (Points : 2) The standard deduction Personal...
- Q 2. Groove Music Company produces compact discs of background music for restaurants and other retail shops. Its disc recording machines are capable of producing 50 discs per hour....
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- 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 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...
- Q Why does budgeting creates serious ethical issues for mane people and give an example?
- Q ework Saved Help Save & Exit Check my Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size perc decimal...
- Q compare tesco anf woolworths operating cash flow statements and discuess which method( the direct versus the indirect method) has been used by each 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...
- 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 Benson Inc.'s accounting records reflect the following inventories: Dec.31, 2012 Dec.31, 2013 Raw materials inventory $ 80,000 $ 64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000...
- Q please give me suggested solution
- Q A company reported the following: Sales Revenue $355,000 Sales discounts 3,400 Sales returns & allowances 2,900 Inventory 15,000 General, selling & administrative expenses 66,000 Net Income 13,000 Income tax...
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