Accounting question and answers for August 22, 2023
- Q Accounts receivable increased by 3,000 Inventory decreased by 13,000 Supplies increased by 26,000 Accounts payable increased by 36,000 Unearned revenue decreased by 48,000 The company purchased land using cash for...
- Q Ourboard Marina exchanged a boat with a cost of $20,000 (now 75% depreciated) for a similar boat with a current fair value of $7,000. No boot was paid...
- Q On January 1,2027, Hogan Enterprises issued 8%,20-year bonds with a face amount of $3,000,000 at 101 . Interest is payable annually on January...
- Q Gaston owns equipment that cost $34,000 with accumulated depreciation of $17,000. Gaston asks $16,800 for the equipment but sells the equipment for $15,300. Which of the following would not be...
- Q Una empresa de publicidad quiere comenzar a usar IA para clasificar listas de clientes, verificar informacin de contacto y segmentar nombres por demografa objetivo. Los lderes de la...
- Q II I just need help with the statement of retained earnings. Thanks in advance! TRIAL DALANCE DECEMBER 31, 2020 Debit Credit Cash $29,500 Accounts Receivable 55,200 Allowance for Doubtful...
- Q Which of the following entries would record correctly the requisition of Direct Materials by the production department within a manufacturing company? A. ...
- Q During the current year, Young Company made several expenditures. 1. On March 1, Young Company paid $155,000 to acquire Spice Company. The fair market value of...
- Q what are the journal entries to the T account?
- Q Entries for Issuing Stock On January 22, Zentric Corporation issued for cash 180,000 shares of no-par common stock at $4. On February 14, Zentric Corporation issued at par value 44,000...
- Q Under the Land Agents Regulations 2010 (a): Can the following real estate staff member receive trust money? (b): What must the Registered Land Agent have in place for employees who...
- Q Martel sold 4 coins at a loss on november 14 2021 and bought the same type on December 5, 2021 when market fell further choose response that correctly describes why...
- Q Assume the following information
- Q What is the possible treatment for tax purposes of a net operating loss? What is the proper treatment of a net operating loss for financial reporting purposes? Explain please
- Q On August 1, Roddick borrowed $30,000 from a local bank on a 15-year mortgage. The annual interest rate is 8%. What would...
- Q Department A had 1,000 units in Work in Process that were 60% completed at the beginning of the period at a cost of $7,000. During the period, 4,000 units of...
- Q High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed...
- Q Public enterprises are required to present earnings per share data on the income statement. Consider the effect of dilutive and antidilutive convertible securities. Discuss this information from the perspective of...
- Q The Greensboro Performing Arts Center (GPAC) has a total capacity of 9,100 seats: 2,500 center seats, 3,000 side seats, and 3,600 balcony seats. The budgeted and actual tickets...
- Q Use the following information for the Problems below. (Algo) Skip to question [The following information applies to the questions displayed below.] Hillside issues $1,500,000 of 6%, 15-year...
- Q SP 3 Serial Problem Buisness Solutions (Algo) LO P1,P2,P3,P4,P5 ...
- Q same question, required multiple pictures Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of...
- Q The substitution effect is which of the following? The change in the price of a good. The change in the consumption of a good. The consumer...
- Q How do you find the contribution margin?
- Q Linear Programing Problem 3-A Maximize profit Z= 10X1 + 25X2 Subject to: 2X1 +
- Q A seller (or provider) of goods or services to a business organization is known as a: Multiple Choice A Vendor. B Payee. C Vendee. D Creditor. E Debtor.
- Q I submitted this table to the economics section and they were unable to solve it, I desperately need help because I don't understand the equations its asking for. Please help...
- Q Fill in the missing amount
- Q Use the following balances from adjusted Trial Balance of ABC Consulting: Cash $24,100; Accounts Payable $2,000; B Conway, Capital $13,000; B Conway, Withdrawal $600; Fees Revenue $18,000; Rent Expense $3,000;...
- Q Problem 8-19A (Algo) Analyzing not-for-profit entity variances LO 8-1, 8-2, 8-3 The Campbell Management Association held its annual public relations luncheon in April Year 2. Based on the...
- Q 4. In 2023, Ms. Dalvi receives several gifts from her employer: - As is the case for all of her employer's senior staff, she receives a $400 gift...
- Q Brooklyn sells a single product to wholesalers. The company's budget for the upcoming year revealed anticipated unit sales of 31,600, a selling price of $20, variable cost per unit of...
- Q You are working in a retail motor trader's business and have been asked to prepare the working papers
- Q Check my work Exercise 10-9A (Algo) Determining the internal rate of return LO 10-3 oints Gibson Manufacturing Company has an opportunity to purchase some technologically advanced equipment that...
- Q show how to get the numbers for each account Required information On January 1, 2024, the general ledger of Big Blast Fireworks includes the...
- Q X Your answer is incorrect. Sheffield Inc. presented the following data. Net income Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,800,000 ...
- Q A $500,000 bond issue on which there is an unamortized discount of $34,000 is redeemed for $471,000. Journalize the redemption of the bonds. If an amount box does...
- Q Required information [The following information applies to the questions displayed below.] Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and...
- Q On January 1, 2016, Crammer Inc. issues five-year bonds with a total face amount of $1,000,000 and a stated rate of 10%. The bonds were issued at 96 on January...
- Q Francis Company, Inc. December 31, 2017 Unadjusted Trial balance 45,000 Cash Accounts Receivable Allowance for Doubtful Accounts Short...
- Q Required information The following information applies to the questions displayed below. Onslow Co. purchases a used machine for $192,000 cash on January 2 and readies it...
- Q Hailey, Inc., has sales of $406,300, COGS (Cost of Goods Sold) of $218,900, other costs of $38,600, depreciation expense of $23,800, interest expense of $21,200, and taxes of $34,100. What...
- Q The following accounts are from last years books at Sharp Manufacturing: Raw Materials Bal 0 (b) 157,000 (a) 171,500 ...
- Q Question 9 profit 7) Changing sales price: Marketing research indicates that TrueBeat Company can sell...
- Q 15) Transactions for the month of June were: As: LIFO basis
- Q The following cost data relate to the manufacturing activities of Black Company during the just completed year. $ Manufacturing overhead costs: Property taxes, factory Utilities, factory...
- Q Zen Inc., has an average age of accounts receivable is 36 days, the average age of accounts payable is 40 days, and the average age of inventory is...
- Q When a plant asset is retired, the difference between the plant asset's cost and the accumulated depreciation of the same plant asset is debited to the Sale of Plant...
- Q You are asked to design (on paper) a 60 Hz, 5 KVA, 480V/120V power transformer. With the following specifications: 1. The transformer core is made of laminated steel...
- Q TOR (Similar to) of 77 completo) The income statement and additional data of Noel Travel...
- Q which one is section 1245 property? a. an office buikding depreciated using the regular MACRS method b. machinery used in a business and held for 2 years...
- Q Compule Pieject As eccounting rate ef retam
- Q Accounts receivable increased by 10,000 Inventory decreased by 16,000 Supplies increased by 21,000 Accounts payable increased by 35,000 Unearned revenue decreased by 47,000 The company purchased land using cash for...
- Q On the first day of the fiscal year, a company issues a $758,000, 12%, 10-year bond that pays semiannual interest of $45,480 ($758,000 x 12% x 1/2), receiving cash of...
- Q You want to get approval for a capital expense to bring the copy service back in house. An investment of $24,000.00 for a dedicated computer and a new copy machine...
- Q What is a budget Prepare examples of Revenue, production, direct materials, labor budget What is a cash budget Why are budgets important for organizations
- Q Hartley Company is considering an investment opportunity with the following expected net cash inflows: Year 1, $250,000; Year 2, $170,000; Year 3, $105,000. The company uses a discount...
- Q i need help asap, ill rate the answer. i need the fifo and lifo, already have the average cost. Altira Corporation provides the following information related to...
- Q Henderson co. Has a fixed cost of $36000 and a contribution margin ratio of 24%. If the expected sales are $200,000 what is the margin of safety as a percent...
- Q Jiffy Corporation signed a one-year promissory note on August 1, 2016 in exchange for $135,000. The annual interest rate on the note is eight percent. All interest will be paid...
- Q If the nominal rate of interest is 12.21% and the real rate of interest is 7.9%, what is the expected rate of inflation? The expected rate of inflation is ____%....
- Q Epsilon Co. can produce a unit of product for the following: Direct material $8 Direct labor 24 Overhead 40 Total costs per unit $72 An outside supplier offers to...
- Q Who is involved in the standard-setting process? Why does the process require joint efforts?
- Q 12. (Ignore income taxes in this problem.) Jason Corporation has invested in a machine that cost $51,000, that has a useful life of fifteen years, and that has no salvage...
- Q When using a control chart, what are some patterns that would indicate that the process is out of control? Additionally explain what might cause a process to be out of...
- Q Accounts receivable increased by 9,000 Inventory decreased by 20,000 Supplies increased by 28,000 Accounts payable increased by 34,000 Unearned revenue decreased by 44,000 The company purchased land using cash for...
- Q Prepare the December 31, 2015, closing entries for Cruz Company. Assume the account number for Income Summary is 901
- Q 3. Describe briefly what is included in the three categories found in the statement of cash flows. 4. Describe briefly how horizontal and vertical analysis is used in analyzing financial...
- Q 8. Tawstir Corporation has 500 obsolete personal computers that are carried in inventory at a total cost of $720,000. If these computers are upgraded at a total cost of $140,000,...
- Q Grace Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 20 percent of total sales each month. Historically, sales on account...
- Q Problem 8-5(Algo) Various inventory costing methods [LO8-1,8-4] Answer is complete but not entirely correct. Skip to question [The following information applies to the questions...
- Q p4 B2B Company is considering the purchase of equipment that would allow the company to add a new product to its line. The...
- Q A national revenue commission performs audits on public companies to find and fine tax defaulters. To perform an audit, a tax inspector visits a company and spends a number...
- Q Streetsboro Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the planters. The standard quantity of clay...
- Q Exercise 6-8(Algo) Compute the Margin of Safety [LO6-7] Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget...
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