Accounting question and answers for October 31, 2023
- Q This question will be sent to your instructor for grading. 12 Phillip incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return...
- Q Rios Co. is a regional insurance company that began operations on January 1, 20Y2. The following selected transactions relate to investments acquired by Rios Co., which has a fiscal year...
- Q The principal of a bond is ________. the person who sold the bond for the company the person who bought the bond the interest rate printed on the...
- Q 2. Discuss various functions of Business Law
- Q Variable costs Group of answer choices remain constant as the level of activity changes. move inversely to activity changes. move in direct proportion to changes in activity levels. increase exponentially...
- Q Bullder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion....
- Q Which of the following funds provides goods and services only to other departments or agencies of the government on a cost-reimbursement basis? Group of answer choices a.) Internal...
- Q Andrettl Company has a single product called a Dak. The company normally produces and sells 84,000 Daks each year at selling price of $62 per unit. The company's...
- Q SoundSmart manufactures headphone cases. During September 2018, the company produced and sold 106,000 cases and recorded the...
- Q Commonwealth Devices makes three wearable fitness devices at its Lake Plant: CFit-1, CFit-2, and CFit-Xtra. The company has for many years allocated overhead to products using machine-hours. Last...
- Q Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines,...
- Q 26. An FI manager purchases a zero-coupon bond that has two years to maturity. The manager paid $800 per $1,000 for the bond. The current yield on a one-year bond...
- Q . Please define and differentiate between a spin-off, split-off, and split-up.
- Q Foote Company was granted a purchase discount of $200 on merchandise the company had purchased a few days ago. Foote uses the perpetual inventory system. Which...
- Q Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return...
- Q 1. Equity Market. (10 points) You are considering investing in a stock that has an expected return of 14.3%. If the risk-free rate is 10 percent and the market risk...
- Q Q6: An ordinary share generally refers to a share that has three fundamental rights: the right to vote at the annual meeting of shareholders, the right to participate in...
- Q Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $16.00 per hour. The following information pertains to Job A-500:...
- Q g Company (CC) s a C corporation. For the year, CC reported taxable income of $564,000 At the end of the yeat, CC distributed...
- Q Snyder Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $25,000; Year 2, $28,000; and Year 3, $36,500. Snyder requires a minimum rate of...
- Q Whenever feasible, cash handling activities and cash record-keeping activities should be assigned to different employees, according to the internal control activity called ____________________.
- Q The Adidas store has 370 square feet of selling space. Last month's sales totaled $47,360 What were their sales per square foot? Write your answer as a whole number,...
- Q CALCULATOR Problem 13-02A a-c (Part Level Submission) Novak Corporation had the following stockholders' equity accounts on January 1, 2020:...
- Q Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1, 20Y7 (unless otherwise indicated), are as...
- Q Ben has owned all 100 outstanding shares of N and M Corporations stock for the past 10 years. Bens basis for the stock is $50,000. N and M have earnings...
- Q A company provided the following information: Sales: 25 Variable Costs: 18 Net Income: 2.5 What is the company's break-even point in sales dollars?
- Q Peak Incorporated is deciding whether to undertake a new project. The firm estimates that the present value of the net cash flows from this project would be about $877,500. If...
- Q The payroll register for D. Salah Company for the week ended May 18 indicated the following: If an amount box does not require an...
- Q Informacin requerida Saltar a la pregunta [La siguiente informacin se aplica a las preguntas que se muestran a continuacin.] Santana Rey cre Business Solutions el 1 de...
- Q X Company's accountant uses the high-low method to determine the parameters of the company's monthly overhead cost function, with units produced as the independent variable. She has the...
- Q Johnston Distributing Inc. files quarterly GST returns (GST 5%). The purchases on which it paid the GST and the sales on which it collected the GST for the last four...
- Q On January 3, 2020, Bramble Limited purchased 3,900 (39%) of the common shares of Sonja Corp. for $557,530. The...
- Q a corporate bond has an annual coupon rate of 8% payablr semiannually and a maturity of 24 years. determine the bonds yeild to maturity if its current yield is 6%
- Q Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized...
- Q Requirement 1: Classify each of the following business costs into one of the six value chain elements: a. Costs associated with warranties and recalls b. Cost of shipping finished goods...
- Q A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 3,000 calls were made. Calculate the...
- Q BALANCE SHEET From the partial work sheet below, prepare a balance sheet. (Total assets $6390.00) Work Sheet (Partial) For Month Ended January 31, 20 - -...
- Q Pregunta de seleccin mltiple. Por cul de las siguientes razones los gerentes utilizan una tasa de gastos generales predeterminada? (Marque todo lo que corresponda.) Los costos...
- Q IKS submits the following data from the post-closing trial balance for fiscal year 2021. Insurance payable 15 000 Accumulated depreciation - plant 34 200 Inventory of goods 32 000 Prepaid...
- Q compute the debt ratio for each of the three companies. ( round your answer to 2 decimal places.)
- Q This risk arises when the company does not have the regulatory authority to engage in a transaction: A. Operational Risk B. Financial Risk C. Reputation Risk D. Legal Risk
- Q Choose the best answer. The accumulated building depreciation account has a positive change of $5,000. The beginning balance of accumulated building depreciation was $3,000. There were no capital asset disposals...
- Q The cost of goods manufactured is: Multiple Choice O the amount transferred from Raw Materials to Finished Goods. the amount transferred from Raw Materials to Work...
- Q You work in a chartered accounting firm and your partner, Sally Smith, has asked you to do some research and write a report to update her about the potential liability...
- Q Use horizontal analysis to compute the % change in cash from year 1 to year 2. Round to the nearest tenth of a percent. Do not include the % sign....
- Q Unquiet Hands, Inc. borrowed $30,000 on October 1, 2019 at 6% interest with both principal and interest due on September 30, 2020. How much should be in Unquiet Hands, Inc.s...
- Q $15,343.45 $13,985.90 $13,600.10 $16.150.00 $11,504.25
- Q Determining Cost of Merchandise Sold For a recent year, TechMart...
- Q Most Income Statement models include anywhere from historical years and projected years. 1-3; 3-10 3-5; 2-8 1-3; 1-10 24;310
- Q Birchfields management is looking at longer term solutions to improve net income. One of the options they have reviewed will increase fixed expenses by $27,500 while reducing variable expenses by...
- Q Exercise 12-4 Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year...
- Q El Informe Anual 2025 de Cullumber International contiene la siguiente informacin: (en millones) 29 de junio de 2025 27 de junio de 2024 Activos totales $1,419 $1,539 Pasivos totales 1,037...
- Q 1. Does this scatterplot appear to be linear? 2. Does the overall pattern appear to be positive, negative, or zero? Scat terplot of Cholesterol vs Age Age
- Q A company that issues ordinary shares without nominal value will have to record, at issue, a Premium on common shares. True False...
- Q When it comes to investments, a government is no different than a business organization. Governments typically finance its project(s) via bonds. Once a bond is issued, it might be prudent...
- Q 10-1: Explain why a budget-based compensation scheme may encourage a manager to shift income from the current period to a future period if expected performance is quite high (e.g., greater...
- Q (Question 1) In 2002 the financial scandals have shaken the world and pressures on the urgency of structured and strong system which should control and keep a balance between the...
- Q Monty loaned his friend Ned $14,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remaining balance was $12,600, Ned filed for...
- Q 400 words Please use an example to discuss the Fundamental Accounting Equation
- Q The following information appears on the Statement of Cost of Goods Manufactured for the Coleman Company at the end of the year. Raw materials used $50,000 Manufacturing overhead $60,000 Total...
- Q Which of the following statements is correct? 1- financial accounting provides information for decision makers inside the entity, such as business mangers. 2- managerial accounting provides information for decision makers...
- Q Compute the debt to equity ratio for year 2. Round to the nearest tenth. Do not include the % sign.
- Q Based upon the following data, what is the cost of the land? Land purchase price $192,411 Broker's commission 15,502 Payment for the demolition...
- Q Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year,...
- Q Annual depreciation on equipment vehicles is calculated at 15% p.a. The carrying value of vehicles at the end of the year is: A. R13 500 B. R76 500...
- Q On January 1, 2024, Bonita Industries issued eight-year bonds with a face value of $5550000 and a stated interest rate of 4%, payable semiannually on June 30 and December 31....
- Q Audit risk is a function of inherent risk, control risk and detection risk. Explain Audit risk. Describe the relationships between all risks and their components?
- Q Illiad Inc. has decided to raise additional capital by issuing $170,000 face value of bonds with a coupon rate of 10%. In discussions with investment bankers, it was determined that...
- Q Describe a type of company that has some elements of all three types of companies. It should be partially a Service Company, partially a Manufacturer, and partially a Merchandiser. Give...
- Q Write note on a) Socio-psychological barrier b)unclarified assumptions c)slective perception And what does they lead to ? They are subparts answer all correctly or I will down vote.
- Q Reflecting on the information presented in this unit, if you were the owner of a jewelry store, what type of internal controls would you implement? Why? Your journal entry must...
- Q Aurum Investments speciakres in low-risk government bonds. Requirement 1. Identify each of Auirum's transactions as operating (O), investing (1). financing (F), noccash irwesting and fnancing (NiF)...
- Q ...
- Q Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 appears to be driven in part by the Madoff Ponzi scheme. Indeed, af ter the SECs...
- Q Annual depreciation on equipment vehicles is calculated at 15% p.a. The carrying value of vehicles at the end of the year is: A. R13 500 B. R76 500...
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