Accounting question and answers for October 31, 2023
- Q Now that all adjusting entries have been posted to the general ledger, you are asked to prepare the schedule of accounts receivable and the schedule of accounts payable...
- Q Problem 5-29 Changes in Cost Structure; Break-Even Analysis; Operating Leverage; Margin of Safety [LO5-4, LO5-5, LO5-7, LO5-8] Morton Company's contribution format income statement for last month is given...
- Q Keesha Co. borrows $250,000 cash on November 1, 2015, by signing a 150-day, 8% note with a face value of $250,000. The note matures on March 29, 2016 1. What...
- Q Cost of Goods Sold Budget The controller of MingWare Ceramics Inc. wishes to prepare...
- Q A company's division has sales of $2,470,000, income of $592,800, and average assets of $2,375,000. Compute the division's profit margin, retum on investment, and investment turnover
- Q Encik Tarmizi (45 years old) has been working as an internal auditor with TNBS Bhd since 1 May 2017. On 30 November...
- Q E 16-4 p. 777 Featherstone Inc. reported the following data: Net income $296,000 Depreciation expense 113,100 Gain on disposal of equipment...
- Q Naglaa has invested her money in Widget Inc.s common stock. She estimates that the stock has a beta of 1.30 and the expected return on the market is 10 percent....
- Q MSN Company owns an old machine that cost 560 000 has annual depreciation expense of $12,000, and has accumulated depreciation of $30,000 on December 31, 2020....
- Q Item 5 Company A is a manufacturer with sales of $3,400,000 and a 60% contribution margin. Its fixed costs equal $1,600,000. Company B is a consulting firm with...
- Q Len y Marilyn se divorciaron. Marilyn tiene $150,000 en un 401(k), todas contribuciones antes de impuestos, y el tribunal emiti una QRDO indicando que la mitad de ese saldo se...
- Q E17-20 Allocating and adjusting manufacturing overhead Young Foundry uses a predetermined owerhead allocation rate to allocate overhead to individual jobs, based on the...
- Q Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 15...
- Q The information that follows relates to equipment owned by Pearl Limited at December 31, 2020: Cost $9,810,000 Accumulated depreciation to date ...
- Q A quarterly report filed with the Securities and Exchange Commission is called a Form 10- K.
- Q What does failing total utility for imply marginal utility? Give an arthimetical example to illustrate your
- Q Vanguard Corporation issued 25,000 shares of $1 par common stock for $30 per share during 2014. The company paid dividends of $40,000 and issued long-term notes payable of $300,000 during...
- Q Week 2 a) What is a social contract and how does it relate to organisational legitimacy? b) Explain two ways organisations can use corporate disclosure policy to maintain...
- Q Assume the following information: $70,000 $47,000 $11,000 25,000 $36,000 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable...
- Q What does failing total utility for imply marginal utility? Give an arthimetical example to illustrate your
- Q What is the difference between detachable stock warrants and convertible bonds?
- Q Calculating the Cost Benefit of Training Helpful Information In your text, you will find the explanations for each of the items in the equation and some of the information...
- Q Kyla Co. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was $580,000. Additional information for calendar 2020...
- Q XYZ Co. Purchased a delivery van on January 1, 2016 for $100,000. At the time of purchased it was estimated that the van would be used for 7 years with...
- Q Paul believes the restaurant could greatly improve its profitability by reducing the complexity and selling price of its entrees to increase the number...
- Q The following are the typical classifications used in a balance sheet. a. Current assets b. Investments c. Property, plant, and equipment d....
- Q The pre-tax income statements for ZYX Corporation for two years (summarized) were as follows: 20132014 Revenues $840,000 $900,000 Expenses 640,000685,000...
- Q Use vertical analysis to compute the common size percentage for accounts payable for year 2. Round to the nearest tenth of a percent. Do not include the...
- Q What will be the effect of covid19 pandemic to globalization
- Q What is the journal entry for a stock split in the form of a stock dividend?
- Q Job order costing method is suitable to be applied in a tailoring business. Assess the above statement.
- Q Based on this information, the overhead applied to Job ABC using multiple predetermined overhead rates is $ to two decimal places.)
- Q On January 1 a company issues a $75,000 bond that pays interest semi-annually. The first interest payment of $1,875 is paid on July 1. What is the stated annual interest...
- Q Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $56,900;...
- Q PBL's accounting information system, reported routine equipment maintenance costs totalling $75000 in a recent accounting period. These costs are in example of which type of quality cost? a. internal activity...
- Q What is the rationale for a stock split?
- Q On January 1, 2023, the accounting records of XYZ Inc. show the following about a machine: Purchase date: 1/1/2020 for $35,000 Accumulated depreciation at January 1, 2023: $26,400 On July...
- Q Question 1 of 6 - 71 III View Policies Current Attempt in Progress The following are the components in determining cost of goods sold. Determine the...
- Q (3) Pinto Company has the following data: 40% of gale is collected during the month, 50% the following month, and 10% lost. The cost of sales is 60%,...
- Q Aj has a piece of test equipment that it is considering replacing. The instrument has a current salvage value of $50,000. The existing test equipment is expected to have a...
- Q etermine the net price for the following problem, using Table 8-1. Round dollar amounts to the nearest cent. List Price Series Discount Net Price ...
- Q Account Debit Credit Cash 7.000 22,000 Accounts receivable 35,000 Inventory Prepaid rent 3,000 Land 16,000 Machinery & equip. 120,000 Accum. depr.-mach. & equip....
- Q Im going to pay someone to work for my business $10.00 an hour for 8 weeks. They will work 40 hours a week. This is only a temporary...
- Q bed J ok nt int ences Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Hudson Company...
- Q An adjusting entry to a prepaid expense is required to recognize expired expenses. true or false
- Q What happens when a central bank like the Federal Reserve expands its assets? Is there any upper limit to a central banks assets? Why?
- Q Help me to solve this Budget case Background: Pristine Cleaning Services (PCS) is a local business in the Tri-cities area. It provides cleaning services to residential households and commercial...
- Q Alan Hitchcock is 40 years old today and he wishes to accumulate $541,000 by his 64th birthday so he can retire to his summer place on Lake Hopatcong. He wishes...
- Q How is IFRS accounting for bonds different from GAAPin what two specific ways?
- Q A socially responsible company would interact with the physical and social environment in which it operates in a way that left the environment no worse off and preferably better...
- Q George street barber shop pays $40 per month for water for the first 9,000 gallons and $2.75 per thousand gallons above 9,000 gallons. Calculate the total water cost when the...
- Q On January 1, 2020,Vidal Company issued 30,000 shares of $2 palet common stock for $150,000. On March 1, 2020, the company purchased 6,000 shares of its...
- Q Exercise 6-25 Estimating Cost Behavior, High-Low Method (LO 6-1, 6-2, 6-5) Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to produce and...
- Q Create a post relating a concept or theory from a business course to an event, activity, or incident in your place of tax preparation during the previous week. For example,...
- Q China Inn and Midwest Chicken exchanged assets. Midwest Chicken received restaurant equipment and gave divery equipment. The fair value and book value of the delivery equipment given were...
- Q Hello. I need help with 11-12 and 11-13. Please do both problems. Thank you! Appendix 1 EX 11-12 Present value of bonds...
- Q A financial covenant would stipulate all of the following except: Multiple Choice financial statements must be prepared in accordance with GAAP. specific levels of performance to be met....
- Q Neptune Incorporated uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHs)...
- Q a prepaid expense occurs when a company pays in advance for a service or goods for which
- Q On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition-date fair value of...
- Q A company's flexible budget for 22,000 units of production showed sales, $105,600; variable costs, $33,000; and fixed costs, $28,000. The contribution margin expected if the company...
- Q The executive education (EE) unit at the Business School of Central State University offers both open-enrollment (anyone can sign up) and custom (designed for a specific client) executive education programs....
- Q On April!, 2004, a business purchased a machine costing $224 000. The machine has a life expectancy of approximately 40 months. At the end of that time the machine is...
- Q Outsourcing (Make or Buy / Offshoring) Decision Are the incremental costs of making the product more or less than the incremental costs of outsourcing? DM DL The Flat World...
- Q Pinkney Corporation has provided the following data concerning its direct labor costs for November: Standard wage rate $12.20 per DLH Standard hours 5.3 DLHs per unit Actual wage rate $11.20...
- Q Appendix A, The Home Depot, Inc. Annual Report in Fundamentals of Financial Accounting Does management
- Q For many years, Thomson Company manufactured a...
- Q Walberg Associates, antique dealers, purchased the contents of an estate for $38,000. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates's...
- Q 10 points ABC Inc. makes two products, A and B. The company is currently assigning the $1,200,000 of overhead costs to its products based on machine...
- Q Aunt Dorothy Snacks produces different styles of sweet potato chips (ruffled, flat, thick-cut, gourmet) for different corporate customers. View additional information and data. packages. Begin by...
- Q What is the journal entry to sell treasury stock below cost?
- Q Raw material = Rp. 150.000 Labor cost = Rp. 60.000 Overhead variable cost = Rp 90.000 Fixed S&A cost = Rp. 15.000.000/year Variable S&A cost= Rp.30.000/unit Fixed manufacture overhead: Rp....
- Q Why do you think FASB created multiple methods for merchandise accounting for A/R & A/P
- Q what are some of the strongest and weakest areas from financial exercises?
- Q Sunland Company purchases sails and produces sailboats. It currently produces 1.280 sailboats per year, operating at normal capacity, which is about 80% of...
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