Accounting question and answers for November 11, 2023
- Q In 2019, selected automobiles had an average cost of $17,000. The average cost of those same automobiles is now $20,400. What was the rate of increase for these...
- Q How much of the $80,000 awarded is include in Ethan's gross income because of a liable lawsuit against Acme Publishing including $20,000 damage to his reputation, $10,000 emotional distress, and...
- Q The difference between direct legal act and indirect legal acts and the auditors responsibility toward them What professional skepticism is The difference between occurrence and completeness assertions The difference...
- Q Con respecto a la contabilidad de una empresa de comercializacin frente a una empresa de servicios, cul de las siguientes es cierta? Los minoristas y mayoristas pueden ser empresas...
- Q La International Boot Company tiene ingresos de operaciones de $80 000, activos invertidos de $500 000 y ventas de $1 525 000. Cul es la rotacin de la inversin?
- Q 9. A machine costing $450,000 with a four-year life and an estimated $30,000 salvage value is installed by Lux Company on January 1. The factory estimates the machine will produce...
- Q Joirnalozs a purchase of sale of the common stock on August 1 and Motor Inc buys about 1000 shares of asthma, stock for $35,000 cash on December 1 and Motor...
- Q What is the difference between financial accounting and management accounting?...... @@@@@@##
- Q Fiscal Year ends inDecCADinMillionsexcept per share data YoY %Chg 23-Dec 23-Sep 23-Jun 23-Mar 22-Dec Total Assets 8.21%875,574835,874851,311862,122833,689 Total Investments 112.70%803,300764,779720,431784,928757,292 Fixed...
- Q Arbitrary Inc has a fixed asset threshold of $2,500 per item. They purchase 5 computers for $10,000. How should that purchase be treated? * Add 5 computers to...
- Q What is the accounting equation, and how does it relate to the balance sheet?....... @@@
- Q Diversified Products, Incorporated, has recently acquired a small publishing company that offers three books for salea cookbook, a travel guide, and a handy speller. Each book sells for $10. The...
- Q Here is a interesting article on prescription drug prices. How do patents effect this? http://www.cbsnews.com/news/whats-behind-the-sharp-rise-in-prescription-drug-prices/
- Q a non marital trust is
- Q 8) Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sales for the year are $775,000 and cost of goods...
- Q Treasury stock has a: A. debit balance, the opposite of other stockholders' equity accounts. B. debit balance, the same as other stockholders' equity accounts. C. credit balance, the same as...
- Q 3. John wants to earn money this summer by maintaining gardens and lawns. He would have variable costs for each job of 25$ for supplies. To be competitive, he can...
- Q Book value of an asset and fair value of an asset is $3, 225,000,and $3,100,000 respectively. The tax rate is expected to be 30%. Compute net impairment loss, if any
- Q The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An...
- Q Cmo ha cambiado el propsito o rol del Colegio Electoral desde su origen hasta la actualidad? Proporcione al menos 1 ejemplo especfico para respaldar su posicin.
- Q An FI has $900 million of assets with a duration of ten years and $765 million of liabilities with a duration of three years. The FI wants to hedge its...
- Q Tomorrow, Ltd. sells its product at a price of $72 per unit and has $33 in per unit variable costs. The company's total fixed costs are $209,400. What is the...
- Q 2) Zhang Industries sells a product for $725. Unit sales for May were 900 and each month's sales are expected to exceed the prior month's results by 4%....
- Q Eggers Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 153 $6 $ 918 12 Purchases 471 8 3,768 23...
- Q which of the following life insurance trusts does the grantor generally remain liable to pay the annual insurance premiums; funded, irrevocable, revocable, unfunded trust
- Q Sandy and John Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2023, Sandy worked as a computer technician at a local university...
- Q On 1, Manufacturing paid $58,000 for a patent. Although it gives legal protection for 20 years, the patent is expected to provide a competitive advantage for only five years. Assuming...
- Q Use the following information to compute the CURRENT RATIO (current assets I current liabilities). Accounts Payable Paid-in Capital Cash Sales Accrued Wages Payable Inventory E] 3.26 E] 4.63 E] 4.00...
- Q 3. Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?
- Q James Company sells equipment on July 1, 1995, for $9,000. The equipment originally cost $57,500 and as of January 1, 1995, had accumulated depreciation of $40,000. Depreciation for the first...
- Q On July 6, Clayton Corporation issued 3,000 shares of its $1.50 par per value common stock. The market price of stock on that day was $18 per share. Journalize the...
- Q The City of Pfeiffer starts the year of 2020 with the general fund and an enterprise fund. The general fund has two activities: education and parks/recreation. For convenience, assume that...
- Q On January 1,20X1, Diaz Corp. acquired all of the outstanding stock of Guled, Inc. for $6,000,000. Guled, Inc. will continue to operate as a separate legal...
- Q 3. Accounting How does depreciation impact financial statements, and what are the different methods of depreciation?
- Q In its first month of operations, Bridgeport Company made three purchases of merchandise in the following sequence: (1) 185 units at $4, (2) 300 units at $5, and (3) 380...
- Q 7. KitKlean, Inc. uses a process costing system and has two departments: Mixing and Canning. The following information available for the period for the Mixing department, the first of the...
- Q Choose a company you are familiar with and diagram its supply chain. For each entity in the supply chain, identify one or two specific decisions that might affect other members...
- Q Una empresa tiene tres lneas de productos, una de las cuales refleja los siguientes resultados: Ventas $170,000 Gastos variables $100,000 Margen de contribucin $70,000 Gastos fijos...
- Q Explain the value of the frequency with which the organizations balanced scorecard should be presented.
- Q Company A. purchased equipment for 100,000 on 1/1/2022. What is the book value of the equipment on 1/1/2022, the date of purchase? A. 100,000 B. 95,000 C. 90,000 D. 80,000...
- Q what are internal controls for hotel business?
- Q Question 7 Oiseau Inc. reported the following for 2019: Net Sales Revenues ..................................................................... $ 1,470,000 Cost of Goods Sold ....................................................................... 850,000 Selling and Admin expenses ......................................................... 210,000 Loss on disposal...
- Q prepare an income statement in good form for the X company. assume that there are 350,000 at year-end 75,000 shares were issued in April and 100,000 were issued on sept...
- Q Julia borrows $10 000. The loan is to be repaid with equal payments at the end of each month for the next 5 years. Determine the size of these payments...
- Q Funnybone Corporations recent comparative balance sheet and income statement follow. Balance Sheet, December 31 2020 2021 Assets Cash and cash equivalents $ 95,200 $ 93,800 Accounts receivable (net) 33,600 47,600...
- Q Berman Company reported the following financial information: 12/31/12 12/31/11 Accounts receivable $ 320,000 $ 360,000 Net credit sales 2,550,000 2,420,000 ...
- Q the united states office of management and budget publishes uniform guidance, which provides streamlined guidelines for grant accounting and reporting. t or f
- Q Clarissa McWhirter, vice-president of Cyprus Company, was pleased to see a small variance on the income statement after the trouble the company had been having in controlling manufacturing costs. She...
- Q If the combined value of Nicks tax on taxable income and medicare levy both exceeded the value of his available tax credits and offsets, what would his final tax position...
- Q Cul de las siguientes no es una razn por la cual los gerentes necesitan comprender los costos de los productos de su empresa? a Para identificar formas de...
- Q Department A had 4,800 units in Work in Process that were 69% completed at the beginning of the period at a cost of $6,700. During the period, 28,900 units of...
- Q 4) Zhang Industries sells a product for $780. Unit sales for May were 600 and each month's sales are expected to exceed the prior month's results by 4%. Compute the...
- Q Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model....
- Q list and describe the seven steps organizations change process.
- Q Sabrina Company manufactures large leisure boats. The following schedule shows total fixed costs at various levels of boat production: Units Produced Total Fixed Costs 0100 $150,000 101400 250,000 401900 400,000...
- Q QUESTION 3 3. A firm that engages in overcapacity M&As can benefit from maximizing capacity utilization and gaining additional market share. True False
- Q Internal control over sales transactions is very important to the effectiveness of an organization. a. For effective control over credit sales, describe four major functions that should be segregated. b....
- Q What is the accounting equation, and how does it relate to the balance sheet?....... @@@
- Q if the combined errors and fraud in the financial statements would likely have changed or influence the decision of a reasonable person using the financial statement it would be deemed...
- Q Which of the following codes from your Chart of Accounts is not an Expense or Overhead code? Legal expenses GST Entertainment Subscriptions
- Q Jason, age 50, and Angel, age 47, are married. Jason received a W-2 and Angel operated a business. Jasons W-2 showed $59,000 and he was laid off at the end...
- Q Actual quantity of direct labor 5,000 hours Actual direct labor rate $10 per hour Total direct labor variance $8,600 Unfavorable . Direct labor rate variance $4,000 Unfavorable ....
- Q Jack, 62 years old, a resident of South Africa, disposed of a few items in 2022. He was unsure on how to calculate the capital gains on...
- Q whenever product includes a physical good. place requires logistics decisions
- Q Many financial managers and corporate officers are often criticized for (a) poor decisions, (b) lack of ethical behavior, (c) large salaries, (d) lucrative severance packages worth millions...
- Q Evaluate the three basic functions of administrative agencies on rulemaking, enforcement, and adjudication.
- Q Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 300 $5.00...
- Q Hattori-san is a financial accountant living in Osaka. He shall conclude that the collection of a JPY 1,000,000 Accounts Receivable_____ a. increases an asset JPY 1,000,000; decreases a liability JPY...
- Q Department A had 5,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period. 34,000 units of direct materials were...
- Q Mr. and Mrs. Chaulk have three dependent children, ages 3, 6, and 9. Assume the taxable year is 2018. Compute their child credit if AGI on their joint return...
- Q what are direct and indirect costs for Indian oil corporation or any oil refinery in general?
- Q The Income Summary account has a credit balance of $ 26 comma 000 after the revenue and expense accounts have been closed. Which of the following is credited to close...
- Q how to addd the following chart of accounts: 1010 Bank Chequing 1020 Petty Cash 1030 Accounts Receivable ...
- Q The following cost data pertains to Great Grains Inc. for December 31, 2022: Ending raw materials inventory: $160,000 Beginning work-in-process: $40,000 Ending work-in-process: $20,000 Direct materials used: $100,000 Direct costs...
- Q Research a recent case within the last two years of a court overturning an administrative agencys decision. Explain the facts of the case and the courts reasoning for...
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