Accounting question and answers for September 22, 2023
- Q Atlas Enterprises Inc. manufactures elliptical exercise machinesand treadmills. The products are produced in its Fabrication andAssembly production departments. In addition to productionactivities, several other activities are required to produce thetwo...
- Q Your company is considering purchasing a new bottling machinefor the line that manufactures juice products. This Swill Fill 2000is forecast to last for five years and will cost $42,000 topurchase....
- Q QUESTION ONE:Comprehensive Standard Cost VariancesClarissa McWhirter, vice-president of Cyprus Company, waspleased to see a small variance on the income statement after thetrouble the company had been having in controlling manufacturingcosts....
- Q The St. Lucia Blood Bank, a private charity partly supported bygovernment grants, is located on the Caribbean island of St. Lucia.The blood bank has just finished its operations for September,which...
- Q The following information was available to reconcile MontroseCompany’s book balance of Cash with its bank statement balance asof October 31, 2017:a.After all posting was completed on October 31, the company’sCash...
- Q List the following information of Camping World Inc.CEO:President:CFO:Are any of the above names famous? If so who and what are theyknown? What were some reasons for the stock price to...
- Q Explain the difference between Limited and Reasonable Assurance,also give one example of each.Need Examples and evaluated answer.
- Q Exercise 14-20 Installment note; amortization schedule[LO14-3]American Food Services, Inc., acquired a packaging machine fromBarton and Barton Corporation. Barton and Barton completedconstruction of the machine on January 1, 2018. In payment...
- Q CompanyProfit MarginReturn on EquityCurrent RationRegions Financial31.79%10.2%0.04%Bank of America31.74%10.57%0.41%Wells Fargo26.44%11.29%0.25%Build a table showing the three companies and the three ratiosand conduct an analysis of comparison.Based on your interpretation of the ratios,...
- Q To prepare for this discussion review the chapter readingassignments. While doing the reading think about your responses tothe identified questions, AND respond to your colleagues’ postingsin one or more of...
- Q Rachel is an engineer who practices as a sole proprietor. Thisyear, Rachel had net business income of $500,000 from her business.Assume that Rachel pays $20,000 wages to her employees, she...
- Q Problem 16-1A Indirect: Statement of cash flows LO A1, P1, P2,P3Forten Company, a merchandiser, recently completed itscalendar-year 2013 operations. For the year, (1) all sales arecredit sales, (2) all credits...
- Q Little TownLittle TownPizza bought a used Ford delivery van onJanuary? 2,20182018?, for$ 21 comma 800$21,800. The van wasexpected to remain in service for four years left parenthesis 48750(48,750 miles). At...
- Q What is a related party transaction? Provide examples oftransactions that would be considered related-party transactionsand then locate an example of a related party transaction that hasbeen questioned in a company...
- Q for non corporate taxpayer other than farmers,fishermen, certain household employer and certain high incometaxpayers, business owners expecting to owe at least $1000 afterwithholding and definable credit, should make estimated taxpayments...
- Q Mr. Wharton, the owner of the store, is unhappy with theoperating results. an analysis of other operating costs revealsthat it includes $45,000 variable costs, which vary with salesvolume, and $20,000...
- Q 144) Calculate the cash proceeds from the following issuances ofbonds. All situations are independent of each other and all thebond issuances pay interest annually.Note: present value tables required.a) $100,000, five-year,...
- Q Please give me some idea about this blog question:It is important to understand and analyze a country’spolitical system before entering that market. Is it more importantfor a political system to...
- Q But when it comes to the non-profit versus for-profit businesshow do they compare? Your assignment is to analyze this using acomparison format. Let’s see which side you are on. In...
- Q Dividends Per Share Seventy-Two Inc., a developer of radiologyequipment, has stock outstanding as follows: 80,600 shares ofcumulative preferred 3% stock, $15 par, and 398,300 shares of $23par common. During its...
- Q Post to T accountsThe following transactions for The Reds Co. in 2000:2/1 deposited in the bank $50,000 as Capital4/1 furniture bought to use in store for $6,500 paid bycheque.10/1 bought...
- Q The following schedule of information relates to Lumos, Inc. forthe year ended December 31, 2017:Nonoperating cash receipts:For sale of common stock$ 65,280From sale of land (original cost $111,600)94,800From sale of...
- Q On November 1, 2018, Kris Lehman established an interiordecorating business, Modern Designs. During the month, Kriscompleted the following transactions related to the business:Nov.1Kris transferred cash from a personal bank account...
- Q **Please fill out the chart post at the bottom and please do notcopy and paste a previous answer that has been used on CHegg.Lehighton Chalk Company manufactures sidewalk chalk, which...
- Q 48. LO.3 During the year (not a leap year), Anna rented hervacation home for 30 days, used it personally for 20 days, and leftit vacant for 315 days. She had...
- Q EXAMPLE:G.A. Courtney & Sons build homes. Each home isconsidered a job; costs are accumulated by job to determine thefinal cost of a home. The company builds two types of homes.Standard models...
- Q The Williams Company, a U.S.-based company, owns 100% of aEuropean Subsidiary (ES). The investment in ES totals $10 million(euros 13.5 million) as of the end of Year 1. This represents...
- Q Problem 11-48 StepMethod with Three Service Depagrtments (LO 11-3)Model, Inc., producesmodel automobiles made from metal. It operates two productiondepartments, Molding and Painting, and has three servicedepartments, Administration, Accounting, and Maintenance....
- Q The Companies Act 2016 repealed the Companies Act 1965 andchanged the landscape of company law in Malaysia. The Companies Act2016 reformed almost all aspects of company law in Malaysia.Required:By referring...
- Q Build a pivot table which calculates the average andmaximum sales by departmentYou will have to combine the data using VLOOKUP or MATCH/INDEX.Note any observations you see regarding trends in the...
- Q What is forward contract?(please write everything about forward contract invery simple language that anybody can understandit) 200 words please
- Q Assuming Target’s industry had an average current ratio of 1.0and an average debt to equity ratio of 2.5, comment on Target’sliquidity and long-term solvency.
- Q 22. Determine the amount of money in a savings account at theend of 3 years, given an initial deposit of $4,000 and an annualinterest rate of 4 percent when interest...
- Q LG sold 800 G7 phones in October for LG Electronics. As thedemand was so high, LG can just deliver the G7 phones in Novemberand it allowed LG Electronics for paying...
- Q New Age Electronics manufactures surround sound systems andallocates overhead costs using direct-labor hours. They pay theirassembly line workers $15 per hour. Unadjusted Cost of Goods Soldfor the year was $598,500....
- Q Slick Corporation is a small producer of synthetic motor oil.During May, the company produced 5,000 cases of lubricant. Eachcase contains 12 quarts of synthetic oil. To achieve this level ofproduction,...
- Q Vittoria Ltd requires a Statement of Cash Flows to be preparedfor the year ended31 March 2018, the following information has been collected forthis purpose.Vittoria Ltd Balance Sheets as at 31March20172018Cash$176...
- Q In a recent Wall Street Journal article (“The Price You Pay forWater at the Airport,” Scott McCartney, April 22, 2015), the costof a bottle at various airports was compared to...
- Q On June 1, 2019, Kris Storey established an interior decoratingbusiness, Eco-Centric Designs. During the month, Kris completed thefollowing transactions related to the business:June1Kris transferred cash from a personal bank account...
- Q You have “volunteered” as an unpaid intern to keep the books formy company that sells hotdogs at the beach. I established thebusiness on September 1 and officially started selling hotdogs...
- Q On June 1, Haimes Company spent $200,000 to purchase 250,000 coffeemugs to sell at its retail store. During the year, Haimes Companyrecorded the following sales of coffee mugs: ...
- Q The following information relates to R-U Ready Company, apublicly traded company:R. U. Ready acquired Machine B on 1/1/13 by signing a 9%installment note to be paid in 5 equal installments...
- Q James River Enterprises issued a bond on January 1, 1996, with aface (maturity) value of $1,000 and a coupon rate of 8% per year.The bond paid interest semiannually, and matured...
- Q Ikerd Company applies manufacturing overhead to jobs on thebasis of machine hours used. Overhead costs are estimated to total$283,725 for the year, and machine usage is estimated at 126,100hours.For the...
- Q On June 1, AlexanderCorporation sold goods to a foreign customer at a price of1,110,000 pesos and will receive payment in three months onSeptember 1. On June 1, Alexander acquired an...
- Q SOLVE THE FOLLOWING 2 LINEAR PROGRAMMING PROBLEMS USINGEXCEL AND THE SOLVER ADD-IN. PLEASE SHOW ME ALL THE EXCELSTEPS.PROBLEM #1: Maximize Z = $60X +$90Y Subject to: 60X + 30Y >= 1,500 ...
- Q calculate percent of total assets. Please show excelcalculations.Common Size Balance Sheets12 Months EndedConsolidated Balance Sheets - USD ($) $ inThousandsDec. 31, 2018%of Total assetsDec. 31, 2017%of Total assetsCurrent assetsCashand cash...
- Q You have just been hired as a financial analyst for LydexCompany, a manufacturer of safety helmets. Your boss has asked youto perform a comprehensive analysis of the company’s financialstatements, including...
- Q Presented here is the income statement for Fairchild Co. forMarch: Sales $ 84,000 Cost of goods sold 40,500 Gross profit $43,500 Operating expenses 30,500 Operating income $ 13,000 Based onan...
- Q Exercise 2A-7Crane Corporation incurred the following transactions.1.Purchased raw materials on account $47,000.2.Raw Materials of $44,200 were requisitioned to the factory. Ananalysis of the materials requisition slips indicated that $7,300was classified...
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