Accounting question and answers for November 04, 2024
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- Q Which of the following statements is false concerning forms of business organization? a. A limited partnership must have at least one general partner. b. It is easier for a...
- Q (Please show work, thank you!) Natcher Corporation's accounts receivable at the end of Year 2 was $126,000 and its accounts receivable at the end of Year 1 was $130,000. The...
- Q Which of the following requirements about internal controls were enacted under the Sarbanes Oxley Act:
- Q In September direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $75,000 and the direct materials cost was $27,200, the direct labor cost was:...
- Q Comprehensive Course Project Case Scenario Scenario Grizzly Bear Winery (GBW) is a small winery in Portland, OR. Kerry Smith is the CEO and President of the Board of Directors, which...
- Q Question 14 (1 point) Saved Which one of the following is a common Business Plan flaw? Existence of an exit strategy Conducting risk analysis of the venture...
- Q Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10....
- Q SSG Cycles manufactures and distributes motorcycle parts and supplies. Employees are offered a variety of share-based compensation plans. Under its nonqualified stock option plan, SSG granted options to...
- Q The following table contains information about four projects in which Jefferis Corporation has the opportunity to invest. This information is based on estimates that different managers have prepared...
- Q Megan purchasd an interest-bearing promissory note for $4,000.00 at 6.00% p.a., due in 60 days. If she sold the note in 24 days by discounting it at 7.00%...
- Q On 1 January 2021 the net assets of Fatimas business amounted to 74,000. During the year ended 31 December 2021, her business recorded a profit of 33,000, Fatima withdrew 26,000...
- Q Which of the following methods is used when production is driven by downstream workstations? Question 15 options: a just-in-time system a product-need system an activity-based systems safety system a station-priority...
- Q Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labour standards for one unit of Zoom follow: The budgeted fixed overhead cost...
- Q Product A Product B Product C Product D Product E Product F Product G Price 7.00 12.00 16.00 9.00 13.00 20.00 6.00 ...
- Q I ONLY NEED HELP WITH THE ADJUSTING JOURNAL ENTRIES AT THE BOTTOM THERE SHOULD BE ONLY 5. THANK YOU. Event The company pays its monthly rent (Check...
- Q The management of an amusement park is considering purchasing a new ride for $87,000 that would have a useful life of 10...
- Q a) i What are responsibility centers? Give examples of each type. ii) What is the difference between RI and ROI as performance measurement tools. Explain with a numerical example. (8)...
- Q 1. A parent company sold goods to its wholly-owned subsidiary for 3,750 representing cost plus 25% mark-up. At the end of the year, one-third of the goods were still in...
- Q research companies who have potential (1) pollution problems, (2) environmental-disposal problems, or (3) demolition issues (specifically big-box stores). Next, analyze the current requirements of GAAP for your chosen issue and...
- Q Root Company sells a product for $35. Budgeted sales for the first few months of 2020 are as follows: January $600,000 February 300,000 March 900,000 April 735,000 The company typically...
- Q Estimate the implied repo rate of 8.5% of 2/15/20 with a settlement on 7/14/01, delivery on 9/30/01, conversion factor of 1.2748, a futures price of 91, and a quoted bond...
- Q Katy Corp. purchased an item of equipment on 1 July 2020 and leased this equipment to Perry Ltd on the same day. The equipment is to be depreciated on...
- Q a. Bravo Company had a beginning Accounts Receivable account balance of $380. During the period Bravo' sold goods on account for $1,400. Ending Accounts Receivable had a $630 balance. How...
- Q Provide the missing data in the following table for a distributor of martial arts products: Note: Enter "Turnover" and "ROI" answers to 1 decimal place
- Q how did you find direct materials used in production on the Cost of Goods Manufactured Report?
- Q The total equity of Kava Ltd at 31 December 2020 amounted to 7,690,000. During the financial year ended 31 December 2021, the company: Successfully issued 100,000 new ordinary shares...
- Q WA EUP a. \table[[Beginning WIP Inventory (40$s complete),20,000],[Units started in production,700,000],[Units transferred out,688,000],[Ending WIP Inventory (70% complete),32,000],[EU of production,]] b. \table[[Beginning WIP Inventory (30%...
- Q What are the major purposes of obtaining representation letters (Letter of Representation) from audit clients? Please remember that a minimum of 250 words is required, and please be sure to...
- Q Thomas Martin receives an hourly wage rate of $23, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the...
- Q A company, with no inter-segment revenue, reports total revenue for an accounting period of 15m. The company's total assets are 43m. The total profit or all profitable segments for the...
- Q Profit Planning with Taxes Rebounder Company produces a rebounding net that can be used for soccer, baseball and lacrosse. The net sells for $40...
- Q Danny Liu is 20 years old and is considered a dependent of his parents for tax purposes. Assume the taxable year is 2019. Compute Dannys taxable income if Dannys only...
- Q if you can help explain how to do these questions so I can understand how to do them, it would be appreciated ...
- Q Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below: Wheeling Company Balance Sheet September 30 Assets Cash Accounts receivable Inventory...
- Q On 1...
- Q REQUESTED CLOSING ENTRIES from the presented adjusted trial balance Rockford Corporation
- Q Assume that Sandra Rice owns a HO-3 policy for his home. The limits set in his policy are provided below: Type Coverage A ...
- Q As the owner of your small company, you must decide on taking or not taking on a new project. The project requires an RM90,000 investment and is expected to provide...
- Q AT&T LTE 4:17 PM Xjustified-wages.pdf Case 17-8 Justified Wages Justified Wages Inc. (the "Company) is a privately held provider of cloud-based...
- Q S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2016, S&L purchased Coca-Cola common shares for $700,000 and sold the shares on January 3, 2017,...
- Q c q PART 3 Objective The objective of Part 3 is to reinforce your understanding of the preparation of Operating...
- Q Question: Think about a product or a service that would solve a problem in our Palestinian Society.
- Q 6.John owns a retail business and has claimed a deduction under s 25-35 ITAA97 for a $20,000 bad debt that he has written off in the current income year. What...
- Q Consider the following business activities that occur at a Colorado ski area. Classify each of the ifems by type of business activity: operating, investing, or financingt
- Q Which account should be credited to record a gift of cash which is from an outside party to an animal rescue agency and is used for expenses to care for...
- Q During 2017, Cullumber Company disposed of Pine Division, a major component of its business. Cullumber realized a gain of $2980000, net of taxes, on the sale of Pine's assets. Pine's...
- Q Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the...
- Q Franklin Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. Required a. Prepare a schedule of...
- Q OQ1. What tables and fields could address the question of the profit margin (sales price less cost) on each product (SKU) available for sale?
- Q In 2018 , Amber Corporation reported $300 million in sales, $24 million in net income, and average total assets of $160 million. What is Amber's return on assets...
- Q The element...
- Q Sarbanes Oxley applies to:
- Q The Logan Company issued 140 shares of its $12 par value stock for $14 per share. The entry to record the receipt of cash and issuance of the stock would...
- Q Q1: In the short run, when room supply is held constant... A. changes in room demand will not affect the selling prices...
- Q What has been your experience in this class using Excel to solve math problems?
- Q Sales-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers: ...
- Q Question 3 Journal Entries and Shareholders Equity (15 marks) Talize Inc. has the following balances at December 31,2014, its year end: ...
- Q On January 1,2019, Conroe Corporation sold $500,000 of 13% bends at 107 . Each $1,000 bond carried 20 warrants, and each warrant...
- Q On January...
- Q Question 1 Hari S. runs a successful consulting business. His taxable trading income for the year is 193,900. In addition, he received the following: 1. During 2020/21, Hari's accounts were...
- Q Estimated machine hours used to set the predetermined overhead rate were 68,000, while actual hours were 64,000 for the period. Estimated (budgeted) overhead was $142,800. Assuming the company used a...
- Q J. Morgan of SparkPlug Incorporated has been approached to take over a production facility from B.R. Machine Company. The acquisition will cost $1,900,000, and the after-tax net cash inflows will...
- Q Using the following table and the equations underlying each of the four basic financial statements
- Q Who are the board members who are standing for election at Ford? How does Ford determine director independence?
- Q Russell and Shannon are married and file a joint return. Their MAGI is $79,000. Russell has losses of $ 18,000 from a rental activities in which he actively participates. Shannon...
- Q John Waterman runs his own business and his accounting year ends on 31 December. The businesss books showed an accrual in connection with electricity of 770 as at 31 December...
- Q Please take a look at the balance sheets of Bank of America and Central Bank of Boone County. What is the size (measured as total assets) of Bank of America...
- Q Peavey Enterprises purchased a depreciable asset for $29,500 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's...
- Q MPI Incorporated...
- Q a) compute the EOY noncontrolling interest equity balance b) prepare the consolidation journal entries 4-On January 1, 2020, Wondersome Company acquired a 70%...
- Q Use either the gross method or net method to record the following transactions 10/1 Purchased $5,000 of tables on account the terms of payment are 1/15n30 10/5 Returned $1,000 of...
- Q Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The...
- Q Jordon and Heidi share income equally. For the current year, the partnership net income is $40,000. Jordon made withdrawals of $14,000, and Heidi made withdrawals of $15,000. At the beginning...
- Q This week we discuss quality costs such as prevention costs, detection costs, internal failure costs and external failure costs. Of these, which do you think is most important to focus...
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