Accounting question and answers for September 13, 2023
- Q 1.What are three ways that the Margin of Safety can be expressed, and what are their formulas? 2. How does the Margin of Safety help managers? 3. What is the...
- Q Prior to liquidating their partnership, Porter and Robert had capital accounts of $160,000 and $100,000 respectively. Prior to liquidation, the partnership had no cash assets other than what was realized...
- Q Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. The company did not issue any new common or preferred stock...
- Q Under the perpetual inventory system, a company purchases merchandise on terms 210,n30. The entry to journalize the purchase will include a debit to Cash and a credit to...
- Q How much is the equal annual payment of 170,000 and interest of 8% due at the end of each year for four years? Round your answer to the nearest $1.
- Q List the main advantages of direct (variable) costing
- Q Com X Ch 1 X Not X th1 x C Alice X C Alice...
- Q You are auditing the financial report of Antique Autos Pty Ltd for the yearended 30 June 2018. Antique Autos purchases antique vehicles at auction, restoresand repairs them, then sells them...
- Q Looking for answers for Section 4 and 5: LOOKING FOR SOLUTION TO SECTION 4 and 5 must put following info below in soreadsheet ; use spreadsheet below to calculate answers:...
- Q balance sheet, income statement, statement of retatined earnings, cash flow statements. please show corresponding number for johrnal entry. questions Instructions Snowmen Siblings S-Corp...
- Q Assignat CLO4 Pee Company acquired 80% in See Company for $800,000 on Jan 1, 2019, when See had $700,000 capital stock and $200,000 retained earnings....
- Q Jasmine Lee owns a catering company that serves food and beverages at exclusive parties and business functions. Lee
- Q chapter 17 question 10 Check my work 10 Exercise...
- Q The following information has been provided for the City of Elizabeth for its fiscal year ended June 30 . The Information provided relates to financlal Information reported on...
- Q Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor,...
- Q All investors should avoid investing in junk bonds. Support or oppose this statement.
- Q Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 20% of monthly sales are to cash customers, while the...
- Q You are assisting you clients, Steven and Martha, with their estate planning so they can coordinate their insurance and investment needs. Steven and Martha are married and have two...
- Q The following information pertains to activities for the construction of an office building (the project hereafter) in capital project fund (CPF) of SB city during the fiscal year 2017 ending...
- Q Measuring the diameter of a small spherical Main Scale Number of Vernier scale Measured reading, V-Nx diameter, M+V S. No.reading, M coinciding vernier (cm/mm)division,...
- Q please i just need the formulars to this questios ...
- Q Which of the following costs should not be recorded as an expense? Multiple Choice Sales commissions Insurance on factory building Product shipping costs ...
- Q You've been asked to identify potential data analytical test by examining your clients master file record layouts. Which of the following would you most likely analyze based on the information...
- Q Discuss tax options to solve at least 3 issues for Target Corporation. Make sure that at least 1 of these issues is related to a tax issue pertaining to being...
- Q On June 30, 2017, Wisconsin, Inc., issued $279,150 in debt and 19,200 new shares of its $10 par value stock to Badger Company owners in exchange for all of the...
- Q 8. 391kac b. 515,271 C. 537,834 d. 5BR,2Tk
- Q All of the following statements are true except: Under U.S. GAAP, a contingent item should be recorded as a liability if the loss or outflow is probable and can be...
- Q The following information was drawn from the inventory records of Alpha Company as of December 31, Year 2. Which of the following is the gross margin assuming Alpha uses a...
- Q Line Item Description 20Y2 20Y1 Increase/ (Decrease) Amount Increase/ (Decrease) Percent Sales $873,582 $722,000 $Sales Sales% Cost of goods sold (653,200) (460,000) Cost of goods sold Cost of goods sold%...
- Q Adjusting Entries: Prepaid rent at 1/1/1X was $50,000. During 201X rent payments of $110,000 were made and charged to "rent expense." The 201X income statement shows as a general expense...
- Q Select all answers that apply: A.=INDEx($C$5:$C$9,MATCH($C$11,$B$5:$B$9)) B.Asset turnover ratio,MATCH($C$11,$B$4:$B$9,0),FALSE) C.=HLOO KUP($C$11,$B$4:$C$9,MATCH($C$11,$B$4:$C$9,0),FALSE) D.=VLOO KUP($C$11,$B$5:$C$9,2,FALSE)
- Q Robin offered to sell her 10-speed touring bicycle to Felicia for $200 on her return from a two-week bicycle trip to a distant city. At the end of...
- Q In 2020, Marcus, single, received municipal bond interest of $10,000, unemployment compensation of $5,000, ordinary dividends of $15,000 and social security benefits of $10,000. Marcus has no adjustments. What amount...
- Q Changes in Current Operating Assets and LiabilitiesIndirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable...
- Q Prepare a classified balance sheet as of January 31, 2021. Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at...
- Q Mr. Leon filed his 2015 Form 1040 by the April 15, 2016, filing date. In 2018, the IRS issued a notice of deficiency to Mr. Leon, in which it assessed...
- Q QUESTION 3 The most widely use tax depreciation method is know by its initials
- Q Explain the difference between a product cost and a period cost? Provide 2 examples of each for a computer manufacturer
- Q 1. A cost-allocation base: a. links indirect costs to cost objects. b. traces the direct costs and pools them....
- Q Raul's Furrier marks up mink coats $3,000. This represents a 50% markup on cost. What is the cost of the coats? Multiple Choice None of these ...
- Q need help, will give thumbs up! Hocher Company income $200.000 ot terperin e Bordito yield 10% on January 2011 The bonds...
- Q 25. A building is offered / listed for sale at $500,000 but, is currently assessed by the town at $400,000. The purchaser of the building believes the building is worth...
- Q Given the following inventory cost flow data, what are the transfers out? Numeric Response
- Q assume that partners a and b each report a Capital Account of $600,000 CLICK HERE TO REVIEW LEARNING ORJECTIVES Change of partners...
- Q Using these transactions, create financial statements for HHL for 2019. Included are transactions sheets for financial statements and new financials template which are labeled to distinguish which is which ...
- Q Tim's Temple Tools sells small eyeglass repair tools for $1.25 each. Tim's marketing department prepared the following first-quarter sales forecast (in units): Required: Prepare Tim's sales budget for each month...
- Q A bond will sell at a discount when the market rate of interest is greater than the coupon rate of interest. True False
- Q Differentiate between investing activities, financing activities, and operating activities and site specific examples. Additionally, what are the major sources of cash (inflows) in a statement of cash flows? What are...
- Q The following amounts and costs of platters were available for sale by San Antonio Ceramics during the year: Beginning inventory................. 10 units at $41 ...
- Q On January 1, 2015, Gridley Corporation had 250,000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold an additional 500,000 shares on the open market...
- Q Share Transactions, Statement of changes in equity, dividend distribution Q1: Williams Manufacturing Inc., was legally incorporated on January 2nd,2020. Its articles of incorporation hranyed it the right...
- Q Is it wise for banks to take on risks by holding on to longer securities? Please explain your answer.
- Q In a press release on April 23, 2014 the Board of Directors of Apple, Inc. announced a Seven-for-One Stock Split. Each Apple shareholder of record at the close of business...
- Q Required information [The following information applies to the questions displayed below.) Aztec Industries produces bread which goes through two operations, mixing and baking, before it is...
- Q On January 1,2024, the general ledger of 3D Family Fireworks includes the following account balances: \table[[Accounts,Debit],[Cash,$26,700
- Q On September 15, 2017, the company entered into a forward contract with the Bank of Vancouver by locking the price of 600,000 kg of aluminum at $1.50/kg. Aluminum is used...
- Q Whispering Corporations weekly payroll of $16,000 included FICA taxes withheld of $1,224, federal taxes withheld of $2,980, state taxes withheld of $830, and insurance premiums withheld of $240. Prepare the...
- Q QUESTION 5 The two major divisions of business property are and
- Q Wildhorse Company reported retained earnings at December 31,2021 , of $318,500. Wildhorse had 198,500 shares of common stock outstanding at the beginning of 2022 The following...
- Q I dont understand what to place in ghe chart and how to calculate it. Data table MusicPalace specializes in sound equipment. Company records...
- Q Why it is important for analysis purposes to consider the time value of money when making decisions. Please provide an example of where an analysis project can run into problems...
- Q Tim's Temple Tools sells small eyeglass repair tools for $1.25 each. Tim's marketing department prepared the following first-quarter sales forecast (in units): Required: Prepare Tim's sales budget for each month...
- Q Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 38,000 Rets per year. Costs associated with this level of...
- Q The ledger of Carla Vista Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared. Prepaid Insurance Supplies...
- Q Question 21 What are the responsibilities of the Management Committee (MC) or the professional property manager employed by the Owners' Corporation (OC) in keeping the accounts of an...
- Q First, prepare general journal entries for the following transactions of Mater Consulting. Second, prepare T-Accounts (ledger) for the same transactions. Third, prepare a trail balance based on the same transactions....
- Q A $1,550,000 bond issue on which there is an unamortized premium of $73,900 is redeemed for $1,599,400. Journalize the redemption of the bonds. Refer to the Chart of Accounts for...
- Q Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $102,131,000 and sales revenue of $2,877,400,000 during 2014. Cash spent on plant asset additions during the year...
- Q On June 5, Staley Electronics purchases 240 units of inventory on account for $24 each. After closer examination, Staley determines 30 units are defective and returns them to...
- Q 29. If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of...
- Q - March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. - March 1: Owner paid $250 to the county for a business...
- Q The market value of Glenwood's debt and equity capital totals $180 million, 80% of which is equity related. An analysis conducted by the company's finance department revealed a 7% after-tax...
- Q Please Answer asap Given the information below, what is the gross profic? Muliple Croice 580000 559,000 5100000 556,000
- Q what are the advantages of using a single planwide overhead rate. Give an example.
- Q On July 9, Elijah Company sells goods on credit to Miley Company for $8,000, terms 2/10, n/60. Elijah receives payment on July 18. How much is the payment?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!