Accounting question and answers for September 23, 2023
- Q show the fixed cost are fixed in total but is variable on a per unit basis and that variable in total but is fixed on a per unit basis
- Q TRUE or FALSE 1. In process costing, the units to account for must equal costs accounted for. 2. Different amounts of selling & administrative period costs will be charged to...
- Q GLO202 - (No Analysis Tab) - Based on Exercise 2-9 Prepare Journal entries for each transaction and identify the...
- Q A friend of yours just invested in an outstanding bond with a 5% annual coupon and a remaining maturity of 10 years. The bond has a par value of RM1,000...
- Q A profitable company making earthmoving equipment is considering a research investment of $100K on equipment that will have a 5 year useful and $20K salvage value. If the money is...
- Q Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always...
- Q What evidence of underperformance do you see in your analysis of the financial statements and ratios for Bobs? Is this suggestive that the management team is doing poorly? (Hint: start...
- Q Good evening hope you are ok. The assignment for tonight: 1. What are the differences between federal taxes and state taxes? 2, What the state...
- Q 3. Costs that vary per unit, but remain the same in total, such as a supervisors salary are known as: A. Mixed costs B. Apportioned costs C. Variable...
- Q ackpot Mining Company operates a copper mine in central Montana. The company paid $1,550,000 in 2018 for the mining site and spent an additional $710,000 to prepare the mine for...
- Q At the end of the year, inventory has a cost of $200,000 and a net realizable value of $195,000 due to normal business circumstances. Prepare the year-end adjusting entry, if...
- Q PLEASE USE CELL REFERENCES TO COMPLETE QUESTIONS Non-Financial Performance Measures (Efficiencv)
- Q Fatimah came to see you and show to you her cash book and bank statement. The bank columns in the cash book for March 2021 and the bank statement for...
- Q Bulluck Corporation makes a product with the following standard costs: The company reported the following results concerning this product in July. The company applies variable overhead on the...
- Q Madrid Corporation has 15,000 shares of $70 par common stock outstanding. On June 8, Madrid Corporation declared a 3% stock dividend to be issued August 12 to stockholders of record...
- Q Draw up a a budget for wise accounting services for January to March 2020
- Q Exercise 10A-3 Applying Overhead in a Standard Costing System [LO10-4] Exercise 10A-3 Applying Overhead in a Standard Costing System LO10-4] Privack Corporation has a standard cost system in...
- Q You are a U.S. MNC with a 40 percent U.S. tax rate; you have an Irish affiliate organized as a branch. The corporate income tax in Ireland is 12 percent....
- Q Which of the following statements is/are true? I. If a $130,000 face value bond is issued at 120, the cash received will be $158,000. II. If a public company issued...
- Q multi part please answer all 1. 2. ...
- Q Pierre has operated his market garden business in Queensland for the last the last 25 years. During recent flooding his total crop was destroyed along with most of his buildings,...
- Q How might you use target costing to decide whether to add a new product?
- Q undefined
- Q Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is...
- Q Total manufacturing costs or full costs are far more widely used in practice than the contribution margin approach. Why?
- Q Please select which of the following items as Assets in a bank balance sheet. Select 3 correct answer(s) Discount loan from the Fed Excess...
- Q 10. If an unprofitable segment is eliminated: A) Net income will always increase. B) Variable expenses of the eliminated segment will have to be absorbed by other segments. C) Fixed...
- Q Hello! I am needing a master budget created of the following question! The last 4 pictures are the answers I will be needing! Need done asap!!! Thank you ...
- Q A friend of yours owns a kitchen manufacturing business in Limerick City called Blurred Kitchens Limited. The business employs twenty-six people and these comprise fully qualified carpenters, trainee carpenters, sales...
- Q Consider the opening inventory below: a) Compute the Equivalent units according to the Weighted Average Method
- Q Alice owns a toys factory. Since trading over the past few year has been successful, he feels it is time to request an increase in the overdraft...
- Q The auditors objective was to verify that all inventory was reflected in the ending inventory balance. Which of the following would provide the most reliable evidence in support...
- Q An actor invested some money at 6% simple interest, and $35 comma 000 more than three times the amount at 9 %. The total annual interest earned from the investment...
- Q On January 1, Swifty Corporation issues $3500000, 5-year, 12% bonds at 95 with interest payable on January 1. The entry on December 31 to record accrued bond interest and the...
- Q List and explain at least 2 impacts that merchandise inventory has on the financial statement.
- Q Problem 4-18 Contrasting Activity-Based Costing and Conventional Product Costing [LO4-2, LO4-3, LO4-4] Skip to question [The following information applies to the questions displayed below.] ...
- Q Precision Manufacturing Inc. (PMI) makes two types of industrial component partsthe EX300 and the TX500. It annually produces 62,000 units of EX300 and 12,700 units of TX500. The...
- Q If no entry please write what number is no entry Branson paid $576,200 cash for all of the outstanding common stock of Wolfpack, Inc., on January 1, 2020. On...
- Q El saldo en la cuenta de renta pagada por anticipado antes del ajuste al final del ao es de $13,584, lo que representa 12 meses de renta pagada el 1...
- Q Knickknack, Inc., manufactures two products: odds and ends. The firm uses a single, plantwide overhead rate based on direct-labor hours. Production and product-costing data are as...
- Q Problem 4-5A a, b1-b2 (Video) Lewis and Stark is a public accounting firm that offers two primary services, auditing and tax-return preparation. A controversy has developed between the partners of...
- Q The City of Smithville administers a tax agency fund that bills and collects property taxes levied by the governing bodies of the Smithville Consolidated School District (CSD), Smith County, and...
- Q Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales $9,300,000 $23,000,000 Net operating...
- Q ! Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume...
- Q Please show your work Chapter 19 Corporate Organization Exercise Kathy and Carl formed a corporation by each contributing an asset with a FMV of $50,000 for half...
- Q Required information Skip to question [The following information applies to the questions displayed below.] FreshPak Corporation manufactures two types of cardboard boxes used in shipping canned food,...
- Q Define fraud and distinguish between fraudulent financial reporting and misappropriation of assets.
- Q Sarbanes-Oxley applies only to companies whose stock is publicly traded on a stock exchange. What are the penalties for financial statement fraud of a private company?
- Q the Difference between Direct and Indirect cost with examples and the Difference between Common cost and a Particular cost
- Q In periods when costs are rising, LIFO liquidations: A. Cant occur. B. Are used to reduce tax liabilities. C. Are a source of off-balance-sheet financing. D. Distort the net income.
- Q Bramble Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant...
- Q Which of the following does not create a liability? Issuing long-term debt. Obtaining a short-term loan. ...
- Q Compute the ending balance in the Accounts Receivable account. $803,000 $2,958,400 $2,155,400 zero
- Q Clearsound uses Alpha Electronics and La Paz Company to buy two electronic components used in the manufacture of its cell phones: Component 125X and Component 30Y. Consider two activities: testing...
- Q Prior to liquidating their partnership, Callie and Haines had capital accounts of $15,000 and $55,000, respectively. The partnership assets were sold for $26,000. The partnership had no liabilities. Callie and...
- Q Cedric Company recently traded in an older model computer for a new model. The old models book value was $360,000 (original cost of $780,000 less $420,000 in accumulated depreciation) and...
- Q Landau Company In early August, Terry Silver, the new marketing vice president of Landau Company, was studying the July income statement. Silver found the statement puzzling:...
- Q Define Control, significant influence, and NCI.
- Q Net income was $530,000 in 2017, $519,400 in 2018, and $555,758 in 2019. What is the percentage of change from (a) 2017 to 2018, and (b) from 2018 to 2019?...
- Q Question 3 20 pts Question III: Activity-Based Costing [20 marks] Hi Kitty Company manufactures two products, Product C and Product D. The company estimated it would incur $99,590...
- Q From the movie The Smartest Guys in the Room, what are some violations of the AICPA Code of Conduct? Are there any sections of the Sarbanes-Oxley Act that lead to...
- Q On August 1, Batson Company issued a 60-day note with a face amount of $81,600 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.)...
- Q ________________________________________ 1. Dental Associates is currently operating at less than capacity. The company thinks it could cut costs by outsourcing dental cleaning to an independent dental hygienist for $50 per...
- Q Your job as assistant to the registrar of your college is to write a letter to new students giving them information about the following: a. Food services on or near...
- Q 18. A 90 day note receivable dated April 30, 2013, would mature on: A) August 1, 2013 B) July 30, 2013 July 31, 2013 July 29, 2013
- Q the cash balance at the end of the period for the current month is
- Q whether standard costing is reconcilable with the kaizen ideal of continous improvement?
- Q In a casual study of the effect of packaging color on excitement about a brand of lipstick, which is the dependent variable? The packaging...
- Q A manufacturing company makes two types of water skis, a trick ski and a slalom manufacturing data are given in the table. ski. The relevant Labor-Hours per Ski Department...
- Q In reference to this textbook: Arens, Ward, and Borsum. (2018). Computerized accounting using QuickBooks Pro 2018. (5th ed.). Okemos, Michigan: Armond Dalton Publishing. ISBN-13: 978-0-912503-71-4 Kindly assist in solving: ...
- Q 41. Which one of the following is not a benefit of activity-based costing? a. More accurate product costing b. Fewer cost pools used to assign overhead costs to products...
- Q A man earned wages of $ 37,500, received $2100 in interest from...
- Q Saturn Ltd. received a $400,000, three-year, 9% promissory note from Pluto Ltd. on February 1 20X1. Interest on the note is paid semi-annually on July 31 and January...
- Q Silver Company makes a product that is very popular as a Mothers Day gift. Thus, peak sales occur in May of each year, as shown in the companys sales budget...
- Q What are the factors that Pilgrim's officials should evaluate when making this decision?
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