Accounting question and answers for November 12, 2023
- Q There are two components of accounting, comparability and consistency. Comparability is when different companies report the same thing but use different methods to do so. Consistency is when...
- Q For a particular period, Kevins opening and closing work in process balances were $20 000 and $8 000 respectively. Direct materials used was $200 000 and overhead applied was $130...
- Q Mr. and Mrs. Marcum live in southern California in an area devastated by wildfires that the President designated a federally declared disaster. Because of fire damage, the Marcums had to...
- Q A discussion to elaborate the possible areas, processes or activities that are most likely to have benefits with Environmental Management Accounting implementation in the area of management accounting.
- Q "I thought lean production was supposed to make us more efficient" commented Ben Carrick, manufacturing vice president of Vorelli Industries. "But just look at Junes manufacturing variances...
- Q 1_ABC company issuing its financial reports on an annual basis.is an example of which basic assumption of accounting? Select one: A. None of the answers are correct B. Economic...
- Q Las acciones en circulacin de Cherry Corporation son 100 acciones de $100 a la par, 11% de acciones preferentes acumulativas y 2,000 acciones de $12 a la par de acciones...
- Q One of the criteria for recognizing revenue is that it must be earned. In other words, a company must fulfill all obligations to the customers. If MicroStrategy received cash...
- Q 94. Cul de las siguientes declaraciones describe mejor el impacto de recibir el arranque en una transaccin de la seccin 351? R. El arranque recibido no tiene impacto en...
- Q Indicate the missing amount for each letter (a-l) Direct materials used (1) $9,920 (2) $ (g) Direct labor (1) 5,270 (2) 8,640 Manufacturing overhead (1) 9,020 (2) 5,000 Total manufacturing...
- Q X Corp. Is planning to sell 200K units of product Z at $20 per unit. This product has a 25% CM ratio. Assume the company expects to break even at...
- Q cheville corporation obtained its chart from state in january that in that authorized 500,000 shares of common stock , $1 per value. During the first year, the company earned $59,000...
- Q If compounded monthly, find the nominal interest rate that will make a $43,000 single payment at the end of 4 years equivalent to a $2,000 quarterly payment over 4 years.A....
- Q How is Lenox Hill General Hospital in New York reimbursed for services rendered
- Q Y Corp. Sells products for $60 per unit. Variable costs are $40 per unit and fixed costs are $200K. Compute the sales revenue needed [in both units and dollars] to...
- Q Segn las NIIF, cul es la prueba apropiada para el deterioro de una unidad generadora de efectivo (UGE) con crdito mercantil? El fondo de comercio a nivel de la...
- Q Blockchain is the technology behind cryptocurrencies (such as bitcoin). How are organizations using blockchain such as for cybersecurity or to enhance the supply chain? What are the implications for public...
- Q A company wants to produce two kinds of multivitamin supplements, VitaPlus, and VitaMaXX. There are two industrial blends available to produce both supplements. Each vitaplus pot needs 2 units of...
- Q a company issued 400 shares of its own common stock for $20 per share. The company had acquired these shares two months before for $15 per share. The reassurance of...
- Q 8- Linkbases are-__Components which define ..........-Between elements and link them to external resources a- schema , relationships b- taxonomy, relationships c- taxonomy , schema d- XML,...
- Q We have covered several ratios in this unit that users of financial statements can work with to evaluate a companys performance. However, not all ratios are important for or applicable...
- Q Tyler wants to calculate his grade in his accounting class. His test grades are a 77%, 62% 85%, 80%. What is his average in the class
- Q Use la siguiente informacin para completar los clculos a continuacin. Costo de ventas $195,640 Inventario: Inicial 20,500 Final 18,628 a. Calcular la rotacin de inventario. b. Calcule el costo diario...
- Q 5. La perspectiva ________ del Balanced Scorecard pregunta: "Cmo miden el xito nuestros accionistas?" a) aprendizaje y crecimiento B) cliente C) financiera D) accionista 6. Las tasas de defectos de...
- Q Rose Apothecary is "a general store, but it's also a very specific store. It's also not just a store, it's a place where people can come and...
- Q Cuando se trata de reclamaciones sobre los activos de la empresa a. todas las opciones son posibles, depende de la situacin. b. los propietarios tienen prioridad sobre los...
- Q delete
- Q Cul de los siguientes se utiliza para calcular los pagos en efectivo de mercancas utilizando el mtodo directo? un aumento en las cuentas por pagar lngresos netos...
- Q Elige la respuesta que complete correctamente la siguiente oracin. La deduccin por gastos relacionados con inversiones, como honorarios de asesora de inversiones, honorarios de abogados y montos pagados por publicaciones...
- Q Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400....
- Q James purchased a new business asset (three-year personalty) on July 23, 2023, at a cost of $40,000. James takes additional first-year depreciation but does not elect Section 179 expense on...
- Q An auditor's primary consideration regarding an entity's internal controls is whether they: Multiple Choice O reflect management's philosophy and operating style. relate to the control environment. affect the financial statement...
- Q Most businesses can be classified into one or more of these three categories: manufacturing, merchandising, or service. Some companies combine aspects of two or all three of these categories within...
- Q a. Calculate the leverage-adjusted duration gap of an FI that has assets of $1 million invested in 30-year, 10 percent semiannual coupon Treasury bonds selling at par and whose duration...
- Q Red Design owns 45% of Blue Design. At the start of the year, Red Design accounts for the investment using the equity method for $800,000. Blue Design has a net...
- Q AAA Hardware uses the LIFO method to report its inventory. Inventory at the beginning of the year consisted of 23,000 units of the companys one product. These units cost $14...
- Q DON Corp. is contemplating the purchase of a machine that will produce cash savings of $31,000 per year for five years. At the end of five years, the machine can...
- Q Spartan Leasing Company is preparing a contract to lease a machine to Cougar Corporation for a period of 30 years. Spartan has an investment cost of $250,000 in the machine,...
- Q Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in...
- Q A company provided the following direct materials cost information. Compute the direct materials quantity variance. Standard costs assigned: Direct materials standard cost (405,000 units @ $4.00/unit) $ 1,620,000 Actual costs:...
- Q Cul de las siguientes razones no aumentar cuando aumente la utilidad neta? A. Rentabilidad sobre el capital B. Margen de utilidad neta. C. Rendimiento de los activos....
- Q How can Excel be useful in Business Intelligence?
- Q Which of the following industries most closely approximates the perfectly competitive model? (a) Automobile, (b) cigarette, (c) newspaper, or (d) wheat farming.
- Q Jerseys Ice Cream Co. had sales of $375,000 and a profit of $33,750. Fixed costs are $60,000. What sales does Jerseys Ice Cream Co. need to breakeven?
- Q On January 1, 2017, MOOSE inc issues a 5 year 8,000,000 par value 8% coupon rate, compounded semi annually. The market initially prices these bonds at 6% effective rate. Record...
- Q Displaying data in charts and graphs, such as histograms, pie charts, and bar charts, can make the data easier for your audience to interpret. How would you display your data,...
- Q In the last two years, what was Google's holding period return? (Annual) (HPR)
- Q When would an auditor prefer to conduct a black-box audit? What about a white-box audit?
- Q On July 1, 2020, Smalls Baseball Company borrowed $100,000,000 to build a new baseball stadium. This loan requires annual interest payments and repayment of the principal plus the final years...
- Q As output increases, fixed costs per unit decrease stay constant increase become variable
- Q Access the Huaweiweb page at:Huawei Annual Report - Huawei then download the annual report 2020 in PDF Form. Use the annual report to answer the following questions. Go...
- Q During 2017, Victory Inc. had beginning accounts receivable of $42,000 and ending accounts receivable of $48,000. Its net sales of $450,000 are composed of 20% cash sales and 80% credit...
- Q Tax Drill - Self-Employment Tax In 2019, Miranda records net earnings from self-employment of $146,000. She has no other income. Determine the amount of Miranda's self-employment tax and her for...
- Q Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Debit Credit Balance 1/121,000 Credits ?question mark ...
- Q Henery invested 500000 cash in business
- Q Saad had an investment opportunity to obtain an amount of 406.20 Bahraini Dinars after 6 hours from now, and it was The prevailing discount rate in the market is 5%....
- Q The ability for a company to meet its liability obligations is important when assessing financial stability. Consider what high liability balances might indicate about a company and explain the pros...
- Q Which of the following is considered nonpassive income? 1)Ordinary income a limited partner receives from a partnership they only invested in and do NOT participate in. 2)Rental income...
- Q Returning to our running case for Shannons Brewery introduced in the market share exercise, assume that Shannons is considering the introduction of a new craft beer called...
- Q Capital and Capital Maintenance -Conduct research on Capital Maintenance and determination of profit. -please Paraphrase, and enter reference links. Links
- Q On July 31, 2020, Stewart Security was awarded a contract for $102,300 to provide 3,100 hours of overnight security services to the city of Kaysville for the next 2 years....
- Q 3.Mueller Enterprises reported cash flow from operations of $265,000. The company made capital expenditures of $100,000 and paid dividends of $30,000. Instructions Compute free cash flow
- Q What is the difference between a confirmed Letter of Credit and an advised Letter of Credit?
- Q a liability cannot be divided between current snd noncurrent liabilities true or false
- Q Stosch Company's balance sheet reported assets of $57,000, liabilities of $18,000 and common stock of $15,000 as of December 31, Year 1. If Retained Earnings on the balance...
- Q Return on Stockholders' Equity Rogers Inc. had 600,000 shares of $3 par common stock outstanding at the end of both 2016 and 2017. Retained earnings at the end of 2016...
- Q Which of the following best describes conformance to specifications? a. the degree to which a good or service meets customer quality demands b. the level of compliance costs...
- Q Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear $ 30.00 Total fixed costs per month 1,460.00 Variable cost per bear 10.00 She...
- Q Alpha Company's fixed costs for the year amounted to $450,000 and its unit contribution margin was $30 per unit. Beta Company's fixed costs for the year also amounted to $450,000...
- Q In the real world are stock prices log-normally distributed? Give evidence for your answer.
- Q . a. What is a Treasury Regulation? (Please cite to the IRC and refer to the specific IRS form that should be used for a particular purpose. You will also...
- Q XYZ Company has the following items: common stock, $750,000; treasury stock, $150,000; deferred income taxes, $125,000; investment in preferred stock, $130,000; and retained earnings, $384,000. What amount should XYZ Company...
- Q JIT purchasing has many benefits but also some risks do you agree? Explain
- Q Est planeando comprar un terreno de 200 metros cuadrados por 40.000 rupias. Tendr que pagar veinte cuotas anuales iguales de Rs 8.213. Qu tasa de inters compuesto pagar?
- Q Following 123
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