Accounting question and answers for October 25, 2023
- Q (a) Identify the three types of substantive procedures and discuss the effectiveness of each. (b) Bath & Bed manufactures bathroom and bedroom products and sells them on consignment or directly...
- Q please answer for both part a and part b!
- Q 1. what was the static planning budget amount for direct materials? 2. what was the static planning budget amount for direct labor? 3. what...
- Q Depreciation Methods On January 1, 2023, Loeffler Company acquired a machine at a cost of $420,000. Loeffler estimates that it will use the machine for 4 years or 10,000 machine...
- Q ABC Company is preparing its master budget for the month of its calendar year. Use the following information to prepare the July cash budget for ABC Company and answer questions...
- Q Match each item to a bank statement adjustment, a company books adjustment, or either: Outstanding checks, NSF check, Deposit in transit, Bank charges, Note collected by the bank, Interest revenue,...
- Q The excel is the original Journal Entries, for Part 2 create an excel and input the RECORD ADJUSTING ENTRIES and for Part 3 create and excel spead sheet with...
- Q If a gain of $6,546 is realized in selling (for cash) office equipment having a book value of $52,692, find the total amount reported in the cash flows from investing...
- Q Which of the following statements are true? I. In a traditional format income statement, the gross margin is sales minus cost of goods sold....
- Q 17-3 17-01 Vertical Analysis of Income Statement Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current...
- Q Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: While gelato is sold...
- Q The following costs were incurred in May: Direct materials $41,000 Direct labor $13,000 Manufacturing overhead $46,000 Selling expenses $18,000 ...
- Q Many businesses borrow money during periods of increased business activity to finance inventory and accounts receivable. For example, Mattel builds up its inventory to meet the needs of retailers...
- Q Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,250 at the...
- Q Is an auditor allowed to own stock in his audit client, why or why not? What is meant by auditor independence?
- Q Given the following information, calculate the closing statement for buyer and seller: Closing date: September 15, 2016 Sale price: $123,000 New mortgage: $90,000, 7% interest rate, 30 years Old mortgage...
- Q help 3. What are the basic sections of the auditor's report? 4. Who is the usual addressee of the audit report? 15. What are the reporting implications...
- Q Part 1. New Firm uses an ABC system. The system includes 4 cost pools: mixing, machining finishing and packing. Mixing is allocated on the basis of DM cost; machining is...
- Q posting for 3rd time, olease dont give a wrong answer if you dont know it Calculating Weighted Average Cost of Capital and Economic Value...
- Q eBook Print Item Professional labor cost budget for a service company Lundquist & Fretwell, CPAs, offer three types of services to clients: auditing, tax, and small business accounting....
- Q You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country....
- Q Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available Selling price...
- Q Jinx Company budgets its March sales at $70,000 and April sales at $80,000. It estimates that 60% of sales are made in cash and 40% are on credit....
- Q Evergreen Timber is a corporation in the business of producing timber and lumber. Two years ago, a clear-cut area was reforested by Evergreen, planting nursery-grown seedlings. In the current year,...
- Q Shaw Incorporated began this period with a budget for 1,170 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total actual overhead was $110,700,...
- Q What type of policy is made up of fiscal and monetary policy? a. Trade b. Employment c. Stabilization d. Tax e. Foreign
- Q The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows: Standard Costs Fixed overhead (based...
- Q What type of sampling/testing is the best option when the EDPR is 0%? Discovery No sampling/testing is necessary. Attributes Substantive
- Q Exeter Compary has a materials standard of 1 pound per unit of output Each pound has a standard price of $26 per pound. During duly. Freter...
- Q On January 1, 2014, Ballard Company spent $20,000 on an asset to improve its quality. The asset had been purchased on January 1, 2009 for $54,000. The asset...
- Q Required information Problem 7-5B Determine depreciation under three methods (L07-4) [The following Information applies to the questions displayed below.) Cheetah Copy purchased a new copy machine....
- Q a When the company has a challenge to evaluate the results of targeting a particular customer segment, which efterla of successful segmentation they have a problem...
- Q According to structural realism, states cater best for their self-defense by creating alliances and maintaining a balance of power. How adequate is that strategy for dealing with the problem of...
- Q Nicole has been financing Nicoles Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 no-par preferred shares and 200,000 $2 par common shares. Outstanding shares include 51,000 preferred...
- Q Common stock$20 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $1,100,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 430,000 Total stockholders' equity $1,600,000...
- Q Youngblood interpres plaittoise $550,000 foce value bonds with a stated interest rate of 10%. They will mature in years. It will be paid seady Artedate on...
- Q 18. What is the effect on retained earnings and total equity of the company when a stock split is declared? Retained Earnings Total Equity to. Decrease...
- Q Question 4 Substantive Tests - 20 Marks (a) Explain two differences between tests of controls and substantive tests. (5 marks) (b) During the year, your client Plush &...
- Q Your client owns a 4-unit industrial building with the following leases Unit 1 Unit 2 Unit 3 Unit 4 Square feet 10,000 15,000 15,000 10,000 $10 $12 $6...
- Q List three types of decisions that can be made via Variable Costing?
- Q Refer to Simon Company's balance sheets in Exercise 17-6. (1) Compute the current ratio for each of the three years. Did the current ratio improve or worsen over the...
- Q On March 20, Blue Spruce's petty cash fund of $114 is replenished when the fund contains $12 in cash and receipts for postage $47, supplies $17, and travel expense...
- Q Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 2,300 ounces in beginning work in process inventory (60% complete). During the period, 38,000 ounces were completed....
- Q Brief Exercise 10-6 works 47 hours. Betsy's federal Income tax withholding is $93, and she has no voluntary deductions. Assume that the the payment...
- Q Please Don't use chatgpt or other ai tool. I have posted 8 times this question and every time the answer was using AI. I will give you dislike as many...
- Q Nash's Trading Post, LLC's trial balance reported the following balances at the end of its first year: Cash $10360 Prepaid insurance 520 Accounts receivable 2590 Accounts payable 2070 Notes payable...
- Q Multiple Choice Question 79 Novak Corp, has the following inventory data: July 1 Beginning inventory 56 units at $20 $1120 7 Purchases 196 units at $21...
- Q e Secure https/'s1.lite msu.edu/res/msu/jacobs/HomeworkProblems/specialordesp12 rkproblems special 12 problem?sy uploaded de 2fm su%2f8q 173957425505965m 11%2fdefault%2esequence eo, 140 msu%ac ason Louselle Gantos [Student -section: 001)...
- Q On the basis of the data shown below: \table[[Item,\table[[Inventory],[Quantity]],\table[[Cost per],[Unit]],\table[[Market Value per Unit],[(Net Realizable Value)]]],[MX62,130,$29,$25
- Q Burton and Kay are married, file a joint return with an AGI of $118,000, and have one dependent child, Tyler, who is a full-time student in a Master...
- Q income and expense items for the year: View the data. Read the requirements. Data Requirement a. What is the taxable income of Decker Corporation from the illegal business...
- Q Top management can control only noncontrollable costs. some noncontrollable costs and all controllable costs. only controllable costs. all costs
- Q Andi purchased an annuity for $144,000 that will pay her $1,500 per month for twenty years. What amount should Andi include in her income each year? A) $0 B) $8,400...
- Q please answer before 10:59 Pm !! The common shares of Twitter, Incorporated (TWTR) recently traded on the NYSE for $97 per share. You have...
- Q Piedmont Company segments its business into two regionsNorth and South. The company prepared the contribution format segmented income statement as shown: Total Company North...
- Q Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $70. Budgeted unit...
- Q 4. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calculations. Round your final...
- Q Selected stock transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at...
- Q advance financial accounting help please On December 31, 2016, Prime Ltd. purchased 60% of the shares of Solar Ltd. for Tk. 14,28,000. On that...
- Q Zeller Company estimates that 2014 unit sales will be 17,500 in quarter 1, 23,100 in quarter 2, and 30,800 in quarter 3, at a unit selling price of $22. Management...
- Q Walcker Transportation Companys general manager reports quarterly to the company president on the firms operating performance. The company uses a budget based on detailed expectations for the forthcoming quarter. The...
- Q Evaluate the view that the main goal of firms will always be cost minimization
- Q Fields Ltd. provided Jala with a motor vehicle for the entire year, and the company also paid for all operating costs for the vehicle, with $5,450 paid...
- Q Choices Accounts payable, purchases Accounts receivable Cash Commissions Common shares Depreciation Dividends payable Fixed assets, net of depreciation Inventory Other expenses Prepaid insurance Rent Retained earnings Utilities ...
- Q On September 1, Home Store sells a mower (that costs $230) for $530 cash with a one-year warranty that covers parts....
- Q 1. (TCO 4) Assumptions underlying cost-volume-profit analysis include all of the following, except: A) all costs can be divided into fixed and variable elements. B) total costs are directly proportional...
- Q Information on four investment proposals is given below: Required: 1. Compute the profitability index for each investment proposal, (Round your answers to 2 decimal places.) 2....
- Q (Answer A with exactly what amounts get divided by what please) Whispering's Market United (WMU) is an umbrella organization for all individuals who are go-getters in home-grown produce,...
- Q that it will cost $68,250 to do this at the end of the depot's useful life. Sheffield follows ASPE. Click here to view the factor table....
- Q Define and explain tax credits and tax deductions and give at least 4 examples of for each.
- Q Decker Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Unit Selling Price Product . B MUDU Quantity 1,100 900 800...
- Q Kim's Asphalt does driveway and parking lot resurfacing work for large commercial clients as well as small residential clients. An inventory of materials and equipment is on hand at all...
- Q What are the governments around the world and the corporate world trying to achieve for sustainability reporting linked to the TCFD (Taskforce on Climate-Related Financial Disclosure). What...
- Q Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finns house. At the end of the current period, Emma looks over her inventory and finds that she...
- Q Sales have never been good in Department C of Simran's Department Stores, For this reason, management is considering the elimination of the department. A summarized income statement for the store,...
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