Accounting question and answers for December 12, 2023
- Q A stock has annual returns of 5 percent, 21 percent, -12 percent, 7 percent, and -6 percent for the past five years. The arithmetic average of these returns is _____...
- Q Manju Furniture Co. was established in the Kingdom of Bahrain and has been operating for several years. The showroom located in Manama displays a variety of home furniture and accessories...
- Q We know that the double-entry system of accounting means that every transaction has at least two effects on the accounting equation. Can you give one example of each of the...
- Q Locate an article on an accounting scandal from the past 20 years. Summarize the article for the class and either add the article to your post or include a link...
- Q A delivery car had a first cost of $38,000, an annual operating cost of $17,000, and an estimated $5000 salvage value after its 6-year life. Due to an economic slowdown,...
- Q Compare and contrast at least two (2) operating systems that are available today for use on personal computers and / or mobile devices. If you were considering the purchase of...
- Q Four Guys company has in its inventory 5,200 damaged televisions that cost 51,000. the televisions can be sold in their present condition for 37,000 or repaired at a cost of...
- Q Goods purchased but which have not yet entered into the production process are known as: a. merchandise inventory b. raw materials inventory c. work-in-process inventory d. finished goods inventory
- Q Search for the white paper, The Risk Intelligent IT Internal Auditor on the Deloitte United States website (www.deloitte.com). Download and read the white paper. a. What characterizes a Type 1:...
- Q Which of the following describes a bond that is issued without security? A. Serial B. Debenture C. Callable D. Convertible
- Q Facility-level activities are activities that cannot be traced to individual products or batches but support the organization as a whole. True False
- Q Explain incremental profits and losses. Provide a business example for each of these terms, and provide an example of a business decision which would be made for each of the...
- Q Which of these acronyms is generally not applicable to some form of inventory management? A. RFID. B. JIT. C. EOQ. D. POP. E. None of these.
- Q 5,000 units are given as input of material into a process at a cost of OMR 25,000. Labour and overhead cost totalled OMR 10,000. At the end of a period...
- Q An investment will give you monthly payments of $1,699 for 19 years. If your required return is 9.73%, what is it worth today?
- Q Who are some of the key people on the fraud response team, and what are their roles?
- Q . Which of the following is not a criterion pertaining to the revenue realization principle? A. The goods or services have been delivered. B. The selling price is fixed and...
- Q On July 1, 2016, Alpha Company purchased for $76,000, equipment having a service life of eight years and an estimated residual value of $4,000. Alpha has recorded depreciation of the...
- Q ...this course wont help you pick the best mutual fund for your 401k account. What is the rationale behind this claim? ...this course will not...
- Q Exercise 5: Aircraft Performance For this weeks assignment you will revisit your data from previous exercises, therefore please make sure to review your results from the last modules...
- Q Johnny owned a gas station with adjusted basis of $300000 . After it was destroyed in a fire , he received $560000 from the insurance company .Within the next year,...
- Q What are three internal factors that enhance the probability of fraud, theft, and embezzlement?
- Q The net income for Uzma Ltd was R400 000 in 2003 and R160 000 in 2004. What percentage increase in net income must achieve in 2005 to offset the decline...
- Q Write a one-page summary to your co-workers explaining the differences between a defined contribution plan and a defined benefits pension plan and the difference, advantages and disadvantages of a regular...
- Q Hello I need help creating a orizontal statement model for the below. I keep getting stuck on #8. Can you please add working notes so I can understand where the...
- Q Given the following information for Mako Company please answer the following questions: Sales $500,000 Turnover 3 Margin 0.15 Desired...
- Q 3. ranklin Company produces two products. Budgeted annual income statements for the two products are provided here: Power Lite ...
- Q What are the assumptions and principles of financial reporting? What are the characteristics of useful information (pg 49) and the constraints in accounting (pg 51)?
- Q Bob deposits $11000 at the beginning of each year for six years in a fund earning an effective annual rate of 6.7%. The interest from this fund can only be...
- Q ***6 points***Suppose that investors expected a stock to pay the following dividends over the next 8 quarters. And its stock price 8 quarters from now is expected to equal...
- Q Failed to record the declaration (only) of a $3M cash dividend during fiscal year 2020. No related entry(ies) were recorded before the financial statements were distributed. The effect on retained...
- Q Jackson Company gathered the following data to prepare its 20X7 statement of cash flows: Profit $40,000 Depreciation expense 5,000 Trade receivables decrease 3,000 Wages payable increase 4,000 Amortization of patent...
- Q A factory provides you information about overheads for given period. Budgeted output 25,000 units, budgeted hours 4,000, budgeted fixed overhead OMR 10,000 and budgeted variable overhead OMR 6,000. Actual output...
- Q A process yields 60% of input as main product and 30% as by-product. 10,000 units were given as input at a cost of OMR 18,000. Other charges incurred are OMR...
- Q Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several of Mergaronites accounts have been omitted. Credit balances are indicated by parentheses. Dividends were...
- Q Baci is a well-known lollipops maker in Western Australia and produces lollipops in two size, i.e., regular and large. The company sells their products to convenience stores, fairs, schools for...
- Q On January 1, 2017, Flounder Corporation granted 1,900 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is $63 per share...
- Q Company sells a product for 2,250 per unit. The variable expenses are 1,350 per unit, and the fixed expenses total 25,000 per period. If sales are expected to increase by...
- Q An account balance is: Multiple Choice The total of the debit side of the account. Used to identify source documents. The total of the credit side of the account. The...
- Q Cul de las siguientes entradas satisface el requisito de que el anuncio muestre que el corredor est en el negocio de corretaje de bienes races? a) Bienes...
- Q The contribution income statement specifically identifies the contribution margin within the income statement. How does forecasting at three levels assist in determining whether the organization's contribution margin on future services...
- Q Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only one type of raw material that costs $5 per pound....
- Q A machine is purchased on January 1, 2011, for $90,000. It is expected to have a useful life of five years and a residual value of $5,000. The company closes...
- Q Which one of the following can be computed with the use of only a balance sheet? A. Price-earnings ratio B. Equity Multiplier C. Receivables turnover D. Times interest earned E....
- Q Please help: Unit 5 DB: Allowance for Doubtful Accounts Unit 5 DB: Allowance for Doubtful Accounts Explain why the allowance for doubtful accounts is a high risk audit area. Why...
- Q Please prepare a research project for the topic The Influence of the Principal Dimensions of Accounting Information on the Capital Gains Yield. The research of the topic must be minimum...
- Q The CAE has completed a risk assessment, identified the areas with the highest risks, and assigned an engagement priority to each. Which of the following conclusions most logically follow(s) from...
- Q The correct journal entry to record the transfer of $120,000 of raw materials into production is: a. Direct Materials Expense 120,000 Work-In-Process Inventory 120,000 b. Work-In-Process Inventory 120,000 Accounts Payable...
- Q 21/Asteroid Industries accumulated the following cost information for the year: Direct materials $ 15,100...
- Q If services for the month total $3,300 in cash and $700 on account, the cash account increases $700
- Q Benjamin Sports Camp Inc. provides the following data: 2015 2014 Cash $40,000 $25,000 Accounts Receivable, Net 98,000 62,000 Merchandise Inventory 70,000 50,000 Property, Plant, and Equipment, Net 180,000 120,000 Total...
- Q When a corporation that is not a financial institution holds bonds of another company that were issued at a discount, interest is recognized ________. Choose the correct answer. ...
- Q An investor buys shares in a mutual fund for $23.50 per share. At the end of the year the fund distributes a dividend of $0.60, and after the distribution the...
- Q Explique el impacto de proporcionar una cuenta a un cliente en el registro y contabilizacin de saldos en el libro mayor.
- Q Why is it important for an objective and its constraints to be linear?
- Q In Apr 2020, Intelligent consolidated group went into liquidation. Discuss the 5 main tasks relating to accounting for liquidation. What are the three main accounts used in accounting for...
- Q 10. How about the use of the consolidation method? Which of the following equity investments should it be used for? a. Investments of 50% and more b. Investments of less...
- Q Mercer Asbestos Removal Company removes potentially toxic asbestos insulation and related products from buildings. There has been a long-simmering dispute between the companys estimator and the work supervisors. The on-site...
- Q Using Walmart 10 k filling: 2.Walmart Bonds. Does the firm issue bonds? If so, what are the characteristics of these bonds and do you feel that they borrow too much,...
- Q A production cost report provides inventory and cost of goods sold data that are needed for the balance sheet. True False
- Q What is the difference between the hedonistic conception of happiness and the Aristotelian virtue ethics idea of happiness? explain your answers. (Note: This is Ethics Subject)
- Q A factory provides you information about overheads for given period. Budgeted output 25,000 units, budgeted hours 4,000, budgeted fixed overhead OMR 10,000 and budgeted variable overhead OMR 6,000. Actual output...
- Q Q. Explain the importance of conceptual framework for accounting
- Q The three key elements of a bond include all of the following except: A. Maturity date. B. Stated interest rate. C. Face value. D. Bond holder.
- Q Which of the following expenses is recorded on an operating lease? A. Depreciation expense B. Interest expense C. Rent expense D. Other expense
- Q The narrow application of management accounting that deals with costing products is known as:
- Q A division manager was considering a project that required a significant initial investment. If accepted, the project could have a negative impact on certain financial ratios that the firm was...
- Q 1. Collect any two maintenance related reports generated in your organization. What inferences you get from this data.
- Q Ruby Company produces a chair that requires a standard 5 yards of material per unit. The standard price of one yard of material is $7.60. During the month, 8,500 chairs...
- Q . When an investor appropriately applies the equity method, how should it account for any investee Other Comprehensive Income (OCI)? A) Under the equity method, the investor only recognizes its...
- Q 2. Franklin Company produces two products. Budgeted annual income statements for the two products are provided here: Power Lite...
- Q Morgan Company acquired land containing coal. Morgan will restore the land to a condition suitable for recreational use after it has extracted the coal. Geological surveys estimate that the recoverable...
- Q Brief Exercise 16-6 In Mordica Company, total material costs are $34,500, and total conversion costs are $56,000. Equivalent units of production are materials 10,000 and conversion costs 12,000. Your answer...
- Q Suppose your answer for question #1 was $10.89 in total variable costs per two sub deal. All other costs that are fixed costs are the same as in the table...
- Q Sheridan Company took a physical inventory on December 31 and determined that goods costing $222,000 were on hand. Not included in the physical count were $35,000 of goods purchased from...
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