Accounting question and answers for July 17, 2023
- Q An individual had employment income in 2022 of $50,000. They had loss carry forward balances as follows: net capital losses (NCL) ($20,000); non-capital losses (NonCL) ($22,000); and farm losses from...
- Q An individual taxpayer's income for 2022 was $73,000, all of which was employment income. During 2022 the following expenses were incurred: Spousal support payments 9,600 ; Life insurance premiums 1,200...
- Q If sales are $307,000, variable costs are 75% of sales, and operating income is $47,800, what is the operating leverage? a. 1.6 b. 4.8 c. 1.2 d. 0.0
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- Q The amount of money that a firm pays to buy variable inputs is called Select one: a. Variable cost b. Marginal cost. c. Total cost. d. Fixed cost.
- Q Which of the following would be considered an element of concern in working capital management? Group of answer choices Property, plant and equipment Patents Long-term investment Merchandise inventory
- Q Myriad Solutions, Inc. issued 12% bonds, dated January 1, with a face amount of $490 million on January 1, 2021, for $438,089,694. The bonds mature on December 31, 2030 (10...
- Q You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After...
- Q 5.Data from the duplicating department of Fastcopy Ltd for the 5 months are as follow: Month #Copies Dept Costs January 14,800 $12,830 February 16,000 13,930 March 20,000 17,300 April 23,600...
- Q A company has an outstanding bond on the market with 9 years to maturity, a 7% coupon, and sells for 91.25% of par. If the company wants to issue some...
- Q due to a number of machine breakdowns, a reductiin in the number of machine hours available has occured. to maximize their profit during this time, they shoula produce? a) the...
- Q Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs Bistro predicts that 52,000 units will be produced with the following total costs: Direct materials ? ...
- Q Explain why state and local governments genrally record the estimated amounts of purchase orders and contracts in the accounts of budgeted government fuds, whereas business entities generally do not prepare...
- Q ABC Health purchases a new machine that cost $750,000.00, has a useful life of 7 years and a salvage value of $50,000.00
- Q Entrance to industry is very difficult in monopoly market. Select one: a. True b. False
- Q When a buyer purchases inventory, the buyer never pays the freight when the shipping terms are FOB destination. buyer always pays the freight. seller never pays the freight. seller...
- Q Boise Corp had a margin of safety of $390,000 last month, with sales revenue of $1,010,000 and fixed costs of $248,000. a. What are break-even sales? b. What is the...
- Q Based solely on a relevant cost analysis, which of the three products should be processed by Split beyond the split-off point? Multiple Choice Only X Only Y Only...
- Q Outback Outfitters sells recreational equipment. One of the company's products, a small camp stove, sells for $150 per unit. Variable expenses are $105 per stove, and...
- Q Select one: .a 0 .O b ...
- Q Find and report the equivalent uniform amount over 5 periods applying an interest rate of 5.0% of 10,000 at period 0.
- Q El 1 de enero de 2016, Grover Inc. comenz el ao con un saldo acreedor de $22,000 en su cuenta de utilidades retenidas. Durante 2016, la empresa obtuvo una utilidad...
- Q What is the equivalent uniform amount over 11 periods using 5.00% interest of a single amount at the end of the series of 2800?
- Q Laser World's income statement reported total revenues of $850,000 and total expenses (including $40,000 depreciation) of $720,000. The balance sheet reported the following: Accounts Receivablebeginning balance, $50,000 and ending balance,...
- Q Sam Johnson, a calendar-year taxpayer, applied for and received an extension for filing his Year 1 tax return. Mr. Johnson filed his tax return on June 2 of Year 2...
- Q Paid the invoice of April 14 after the discount period had passed.
- Q please show step by step instructions and formulas i dont know the VLook up function the excel spreadsheet was...
- Q For better understanding of the data, compute the average service months and the average number of incidents for the cross-products of every category in types and operation periods. The averages...
- Q If conversion cost is $90 and overhead is $80, direct materials are? a. $10 b. $0 c. Unable by data given
- Q Scribners Corporation produces fine papers in three production departmentsPulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated...
- Q Consolidated Balance Sheets - USD ($) $ in Millions Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2015 Change ...
- Q Mary (44) tiene ingresos de salarios, una propiedad de alquiler y trabajo por cuenta propia. Qu formularios probablemente necesitar presentar? A) Anejo C, Anejo E y Anejo SE. ...
- Q Lucy lived in a five-unit apartment building that she purchased in 1995 for $60,000. Lucy rented out the other four apartments in the building. Lucy had taken depreciation of $24,000...
- Q Cayman Corporation inicia operaciones el 1 de marzo con la emisin de 100.000 acciones ordinarias de valor nominal de $1 por efectivo a $12 por accin. En 15 de marzo,...
- Q On January 1, 2019, Zoom corporation issued a $600,000 par value, 5%, 10-year bond. Interest will be paid every December 31. a) prepare journal entries for: 1) issuance,...
- Q Una empresa compr un terreno para sus recursos naturales a un costo de $1,950,800. Se espera extraer 2.160.000 toneladas de mineral de este terreno. Se espera que el valor...
- Q Lorge Corporation has collected the following information after its first year of sales. Sales were $2,500,000 on 100,000 units; selling expenses $250,000 (40% variable and 60% fixed); direct materials $1,370,600;...
- Q Briefly outlines the functional budgets that may be prepared as part of the budgeting process.
- Q How much oil is in the U.S Strategic Petroleum Reserve? For how much time could the reserve supply the oil we're importing from other countries?
- Q Q1.Strategic management and decision-making are fundamental elements in the effective operation of an organization. Discuss this statement considering the process of strategic management and decision-making.Provide an example of one...
- Q On December 31,2023, Clarkson Company had 100,000 shares of common stock outstanding and 30,000 shares of 7%, $50 par, cumulative preferred stock outstanding. On February 28,2024,...
- Q Payback; ARR Portsmouth Port Services creates and maintains shipping channels at various ports around the world. The company is considering the purchase of a...
- Q 2) Under the equity method, cash dividends received on common stock is a source of revenue. (True/False)
- Q Factory Closing Decision The Dough Knot Corporation bakes breads, pastries, cookies and every other baked good imaginable. The company has a number of factories around the world, including...
- Q MC Qu. 101 The following data relates to Black-Out... The following data relates to Black-Out Company's estimated amounts for next year Estimated Manufacturing overhead...
- Q Which of the following is an accurate depiction of the accounting equation? Multiple Choice A. Assets = Liabilities + Common Stock + Dividends ...
- Q salaries in July was $210,580. The spending variance for wages and salaries in July would be closest to: Multiple Choice $696U $1,478F $696F $1,478U
- Q When constructing a portfolio of individual securities, a __________ covariance between securities decreases the variance of the portfolio. A ___________ covariance between securities increases the variance of the portfolio. D....
- Q On June 30, 2017, Sharper Corporation's common stock is priced at $33.50 per share before any stock dividend or split, and the stockholders' equity...
- Q Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment...
- Q i need the project of module 12 SAM excel
- Q Los siguientes son saldos de cuentas seleccionados de Penske Company y Stanza Corporation al 31 de diciembre de 2018: Penske ...
- Q The carotenoid-rich "eyespot" of Chlamydomonas mediates movement towards a light source, or , whereas auxin gradients in a plant on a windowsill mediate growth towards a light source,...
- Q Job order costing has normally been used by manufacturing companies, however, it is being utilized more frequently by professional service businesses . Please describe how a job order cost...
- Q Barber y Atkins son socios de una empresa de contabilidad y comparten los ingresos y prdidas netos por igual. El saldo de capital inicial de la sociedad de Barber para...
- Q Required Information The following information applies to the questions displayed below.) Morganton Company makes...
- Q If company X produced 200 units of output and the average total cost of production for each unit of output produced was OR 50. The average variable cost is...
- Q Alternatives of First Solar Company. The answer should be 300 words
- Q 2. Hoosier Company issued $20,000,000 par value 10% bonds at 98. Each 10,000 bond was issued with one detachable stock warrant that entitled the...
- Q i need the answer quickly 5 If net present value is-2 negative, then interpolation is needed in order to make a proposed investment *.acceptable True O False O
- Q 1. Who can contribute to a traditional IRA, and how much? Nick, age 53, is single and has AGI of $67,000. He contributes $5,000 to his IRA in 2018. How...
- Q The Barnett Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Barnett Company has heard about a method of...
- Q New York state income tax is based on taxable income, which is part of a person's total income. The tax owed to the state is calculated using the...
- Q Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 1st. For each transaction that follows the transaction on the 1st, calculate the balance in...
- Q What is financing cycle and how many step ?
- Q During the current month, a company that uses job order costing incurred a monthly factory payroll of $180,000. Of this amount, $40,000 is classified as indirect labor and the remainder...
- Q 34.what type of entities use cost behavior analysis? a.only retailers b. wholesalers and retailers c.only manufacturers d. all entities
- Q A young executive deposits $400 at the end of each month for 2 years and then increases the deposits. If the account earns 6%, compounded monthly, how much (to the...
- Q Suponga que el ingreso neto del costo de absorcin es de $ 101 000, el inventario final consta de 510 unidades, la tasa de costos indirectos variables es de $...
- Q Following data are taken from the financial statements of H. Hogan Company. The average number of shares of common outstanding for the year was 10,000. The following data are in...
- Q Salud Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 490,000 Accounts receivable increase $ 48,800 Depreciation expense 84,000 Prepaid expenses...
- Q Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for operating expenses using Net sales as the base. Year 2...
- Q True or False: Job shops have three types of inventory accounts: Direct Materials, Work-in-Process, and Finished Goods. True or False: Normal costing uses the actual allocation base activity to apply...
- Q 2 points On Jan 1, 2011, Roadrunner Supply placed into service as track that had a capitalized acquisition cost of $8.000, estimated use of 12 years,...
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