Accounting question and answers for September 22, 2023
- Q Universal Fitness Background You are an Analyst for the professional service firm, BUSI 1043 LLP. Your firm specializes in providing a wide variety of internal business solutions for different clients....
- Q What is the difference between trade deficits and balance of trade
- Q On September 17 Company A acquires from supplier S 500 meters of cloth at an agreed price of 5,95 $ per meter. Cloth arrives next day to company A warehouse....
- Q 1). Net Income was $14,000 2). Dividends declared and paid were $3,000 3). Depreciation Expense was $7,000 4). As of Jan 1,2023,4,000 shares...
- Q Mr Ali, a fresh...
- Q Juanita's Delivery Service Trial Balance September 30, 20 -- ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE Cash 5,000 Accounts Receivable 3,000 Supplies 800 Prepaid Insurance 600 Delivery Equipment 8,000 Accounts Payable...
- Q On December 31,2021, Swifty, Inc. has 3700 shares of 5%$100 par value cumulative preferred stock and 60500 shares of $10 par value common stock outstanding. On December 31,2021,...
- Q 5. Explain the terms trading securities, Available for sale (AFS) and Held to maturity (HTM) as they relate to accounting for investments and explain their broad implications for maesurement and...
- Q In a report, 2-3 pages single-spaced, describe the purpose of the teammate audit software and describe its capabilities. Provide at least two examples of how companies have used the software...
- Q Corporation has total current assets of \$450,000, total current liabilities of \$350,000, total stockholdersequity of $1,050,000, total net plant and ulpment of $1,000,000, total assets of $1,450,000, and total liabilities...
- Q Shazam Corporation had book income in 2017 of $100,000. At the end of 2017, Shazam distributes two separate properties it owned to its sole owner, Sheldon. Property number 1 had...
- Q On January 10, 2017, B Corporation purchased 321 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2027, and pay interest annually...
- Q Chapter *23: Standard Costs and Balanced Scorecard A variance is favorable if actual costs are: a. O . less than standard costs. o d. greater than standard costs
- Q Assume you are tutoring a beginning accounting student who tells you that the members of the FASB must have a great deal of power because they have the authority to...
- Q Cantor Products sells a product for $94. Variable costs per unit are $49, and monthly fixed costs are...
- Q Given the following transactions, what is the balance in the cash account? 1. The owner started the company by investing $9,000 cash. 2. The company paid $3,000 for equipment. 3....
- Q Kirland realiz un trabajo de reparacin en garanta para un cliente que cost $800. El asiento de diario para registrar el trabajo debe ser un dbito de $800...
- Q a.discuss the criteria for recognizing deferred tax assets and deferred tax liabilities under the provisions of fasb asc 740 b. compare and contrast the asset-liability method and the deferred method
- Q What is the Gross Profit % for the year if the Gross Profits are $200,000 and the Net Sales are $800,000? 40% 4% 25% 20%
- Q On January 2, Yorkshire Company acquired 42% of the outstanding stock of Fain Company for $552,500. For the year ended December 31, Fain earned income of $135,100 and paid dividends...
- Q Caspian Company produjo 20 000 unidades y vendi 18 000 unidades durante el ao en curso. Bajo costos de absorcin, la utilidad neta fue de $25,000. Los gastos generales fijos...
- Q 4. For which of the following situations would it be appropriate for the auditors to issue an adverse opinion? a. Auditor is not independent to the audited organization. b. Scope...
- Q brief exercise 261 the adjusted trial balance of wild box corporation at December 31st 2017 includes the following account returned earnings 12600 dividends 5007 revenue 30,000 salaries and wages expense...
- Q Your goal is to be able to withdraw $10,700 for each of the next eight years beginning one year from today and also to withdraw $57,000 ten years from today....
- Q Which of the following has primary responsibility for the fairness of the representations made in financial statements? Clients management. Independent auditor. Audit committee. AICPA.
- Q Evaluate the iterated integral. 1 17" V 4 + el dw dv Jo Jo
- Q If there were a large debit or credit balance in the over/underabsorbed overhead account at the end of a period, what could be some possible explanations?
- Q Companies that cannot afford powerful computers can still use sophisticated software and large databases through the use of.... Multiple Choice outsourcing. human resource information system (HRIS). cloud computing....
- Q Break-Even in Units, After-Tax Target Income, CVP Assumptions Campbell Company manufactures and sells adjustable canopies that attach to motor homes and trailers. The...
- Q How do you define your personal brand, imagine what people might say about you when you leave the room. If you put yourself in that scenario, what are three (3)...
- Q AAM3691/2022 ASSIGNMENT QUESTIONS ASSIGNMENT 1 QUESTION 1 (30 MARKS) ABC Company ("ABC") is a company that manufactures billboards which is based in Ondangwa. The...
- Q Which of the following would be considered a discretionary fixed cost? Multiple Choice Rent on the building. Insurance on the building. Depreciation on the...
- Q A Observation, in-depth interview, and focus group are examples of exploratory research design. Having given the two (2) proposals below, evaluate the appropriate type of exploratory design that you will...
- Q BSU Inc. wants to purchase a new machine for $44,300, excluding $1,500 of installation costs. The old machine was bought five years ago and had an expected economic...
- Q myCam Model DC In My XVM AC3 XYZ way to the Now SD 360 Yarcho C 5700 5400 www.now and then
- Q Current Attempt in Progress Blossom is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools. Calculate the...
- Q Create pro forma projected financial statements for TJ MAXX and Pier one imports to compare the two companies, project for two years and please show calculations. Liabilities...
- Q costos del producto a. son los costos de fabricacion. b. incluyen materiales directos, mano de obra directa y gastos generales. C. Son costos que se incluyen en...
- Q The rate of return on the extra investment is interpreted as the percentage return on the amount invested in year for the larger-initial investment alternative. True False
- Q Identify the journal in which each of the following transactions is recorded
- Q ______________________________ ______________________________ Required information The following information applies to...
- Q According to the CAPM, the expected return that an investor receives for bearing the risk of an individual security depends upon the: amount of total risk assumed and the market...
- Q Which of the following correct about the statement of cashow 1 Me Choice O Apuchate comartie chute sa con now to her Gwww scho...
- Q The prepaid insurance account had a beginning balance of $6,530 and was debited for $2,610 of premiums paid during the year. Journalize the adjusting entry required at the end of...
- Q 3 Compute fixed and variable costs using the HI LO method 15 points Case # 1 Electricity Costs Kilowat hours Hi LO 42,000 4,000 25,000 1,500
- Q ACCOUNTING Identify the impact of the balance sheet.
- Q Gomez is considering a $200,000 investment with the following net cash flows. Gomez requires a 12% return on its investments. (PV of $1, FV of $1, PVA of $1, and...
- Q Aaron Servicing showed the following partial unadjusted results at October 31, 2023, its year-end: Part 1 Required: a. Assuming Aaron estimates bad debts to be 1.5% of sales,...
- Q Business Situation: A vendor supplies materials on a just-in-time basis to your manufacturing facility. The material is sent with a bill of lading to the warehouse loading...
- Q
- Q Preparing Accounting Adjustments Selected accounts of Portage Properties, a real estate management firm, are shown below as of January 31, before any accounts...
- Q true or false: Managerial accounting is designed to satisfy needs of external users including creditors, investors, and governmental agencies.
- Q what are three reasons for health care inequities and how can they be avoided or reduced in order to achieving equitable health care
- Q Calculate Payroll For hourly employees, overtime is paid for hours worked in excess of 40 hours per week
- Q need the answer to all 3 (a1), (a2), and (b) to know how to do the work on this
- Q 1. Many times companies use accelerated depreciation on equipment for tax purposes and the straight line method for financial reporting. In such instances how, in the first year of the...
- Q Exercise 8-11 Direct materials and direct labor variances LO P2 Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures....
- Q Piedmont Company segments its business into two regionsNorth and South. The company prepared the contribution format segmented income statement as shown: South Sales Variable expenses Contribution margin Traceable...
- Q Lavender Company es una empresa de logstica y recientemente implement el sistema ABC. Usando basado en actividades informacin, decide reducir el volumen de los paquetes entregados, reduciendo as...
- Q On July 1, Year 1, Cobb Company issued 9% bonds in the face amount of $1,000,000 which mature in ten years. The bonds were...
- Q Blah Inc. is a retail clothing store operating in a state with a 7% retail sales tax. the retailer may keep 2% of the sales tax collected. Blah Inc. records...
- Q Risk refers to the possibility that sacrifices may exceed benefits. True False
- Q for the month of march, a restaurant reported a beginning food inventory (BI) of 18,662, ending food inventory (EI) of 16,882 and food purchases (P) for resale was 197,900 what...
- Q View Pollcles Current Attempt in Progress Marigold Corp. reported net income of $192,120 for 2022. Marigold Corp. also reported depreciation expense of $35,680 and a loss of $5,290...
- Q Tanto la razn corriente de una empresa como la razn de prueba cida son mayores que 1. El pago de una cuenta por pagar: A. aumentar la relacin de...
- Q Briefly explain the primary advantages of having a codification of generally accepted accounting principles. Also, recommend two (2) areas where the FASB can improve codification.
- Q Explain the difference between prescribed mandatory codes and non-prescribed voluntary codes
- Q Which of the following documents would be the most appropriate to obtain to evaluate a loan request for the purchase of new equipment? A) historical tax returns B) aging of...
- Q Frankin Corporation's net cash provided by operating activities was $155; its capital expenditures were $74; and its cash dividends were $33. The company's free cash flow was:
- Q Marvin Gaye Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed a long-term noncancelable purchase commitment with its largest supplier of this...
- Q The Statement of Cash Flows separates Cash Flows of a period between three activities: Operating, Investing, and Financing. Provide in-detail examples of each type of activity. A minimum of 400...
- Q Cuando se admite a un socio mediante la compra de una participacin de uno o ms socios actuales, los activos, pasivos y el patrimonio total de la sociedad no se...
- Q Instructions: Analyse the Balanced Scorecard. In your own words please answer the following short answer questions. Do you think that all the perspectives of the Balanced Scorecard are essential? Are...
- Q Shareholders' Equity on January 1, 2023 was $135. Shareholders' Equity on December 31, 2023 was $150. No dividends were paid and no stock was issued. What was Net Income for...
- Q As the dollar appreciates against the yen, U.S. exports to Japan _____ and U.S. imports from Japan ----- rise; fall fall; fall fall; rise rise; rise none of...
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