Accounting question and answers for September 05, 2023
- Q Answer with solution and explanation Ordinary share capital, P100 par, 50,000 shares Share Premium Retained Eamings P5,000,000 500,000 2,500,000 Case 1....
- Q transactions during July: (Click the icon to view the transactions.) Read the requirements. July 2: Sold $30,000 of merchandise to Odom Jewels on account. Requirements More info 1....
- Q I choose to write about Nike shoe brand? right one paragraph considering the advertisement rhetorical by answering these questions. how does the advertisement logically (logos) sell the product to the...
- Q Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to...
- Q At the end of the current year, the accounts receivable account has a debit balance of $1,221,000 and net sales for the year total $13,840,000. The allowance account before adjustment...
- Q Datn table Datn table
- Q A. A project has cash flows of $15,000, $10,000, and $5,000 in 1, 2, and 3 years, respectively. If the prevailing interest rate is 15%, would you buy the project...
- Q Which of the following topics does Rule 502 of Regulation D cover? a. integration, information, and accreditation b. information, accreditation, and resale c. resale, information, and accreditation...
- Q Pottery Corporation sells many of its pottery overseas. The following transaction took place On April 13, Pottery sold pottery planters to a company in Spain for 40,000 with payment due...
- Q You are a management committee member responsible for corporate affairs and communications at Rocco (Pty) Ltd, a company that specialises in the manufacturing of All Star sneakers. The company...
- Q Explain how depreciation expense is reported in the Statement of Cash Flows using the indirect method. Why is it reported this way?
- Q calculate the break even point for a transportation company if you know that the total fixed costs are $ 140,000 and that the selling price is $26/unit and variable costs...
- Q A phone manufacturer finds that the cost in Omani Rials of making phones per day is given...
- Q A bond with 16 years to maturity and a semiannual coupon rate of 4.93 percent has a current yield of 5.29 percent. The bond's par value is $2,000. What is...
- Q Oivision A manufactures electronic circuit boards. The boards can be sold either to Division B of the same company or to outside...
- Q A company reported net income of 5.6 million. At the beginning of the year, 3.4 million shares of common stock were outstanding and at the end of the year, 3.6...
- Q When the federal tax deposit is made, the employees and employers share of FICA taxes are paid along with the employees' FIT taxes withheld. True or False?
- Q Land, originally purchased for $25,399, is sold for $77,274 in cash. What is the effect of the sale on the accounting equation? a . assets increase by $51,875 stockholders '...
- Q Mauro Products distributes a single product, a woven basket whose selling price is $27 per unit and whose variable expense is $23 per unit. The company's...
- Q Brief Exercise 11-7 Stellar Company purchased a computer for $8,560 on January 1, 2016. Straight-line depreciation is used, based on a 5-year life and a $1,070 salvage value. In 2018,...
- Q A trust is entitled to a depreciation deduction of $5,000. The trust is required to distribute all of its accounting income at least annually to Janet. The trust has accounting...
- Q Sunburst sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Sunburst...
- Q Greenfield Consultants conducts analyses of public policy issues. The company has two units: Government (with various U. S. government agencies as the only clients) and Corporate (with several corporations as...
- Q Distinguir entre contabilidad gerencial y financiera en cuanto a a. Usuarios principales de informes b. Tipos y frecuencia de los informes, y C. Finalidad de los informes
- Q Anlisis de rentabilidad A principios de 2013, Pepsi report ingresos de $65,640 millones con ganancias disponibles para los accionistas comunes de $6,120 millones. Los activos totales de Pepsi en ese...
- Q logictech computers purchased 10 computers for $ 100000 by paying cash. What would be impact of this transaction on accounting equation
- Q Do any of the following need to maintain inventories Explain? a) Fuel held in storage by Brite Brick, Inc. which is used to fire the bricks during their manufacture? b)...
- Q During 2020, Nova Company earned net income of 384,000 which included depreciation expense of 78,000. In addition, the company experienced the following changes in the account balances: Increase in accounts...
- Q Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below: ...
- Q w ...
- Q Compute free cash flow. 5630 at End of Compute free cash flow....
- Q Review the background material and do some research to find a real-world example where cost-volume-profit analysis was applied or could be applied. Information can be found in the news, research...
- Q Question 2 (Adapted from Jul Sem 2017 Question 3) Use the indirect method to prepare the cash from or used in operating activities section only of the statement...
- Q Construct a situation where a company would prefer to use the MACRS alternative SL method instead of the specified percentages method. Assume the asset would be owned and operated for...
- Q The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the...
- Q Would an important limitation of activity-based costing be the cost that would be incurred (by accountants, managers, etc) to maintain the system?
- Q Gretchen is a full-time student at the local state university and works part-time (2017 wages equal $4,752). Gretchen began her senior year in the Fall semester of 2017. Phil and...
- Q There are international ethical standards for accounting in addition to those provided by the American Institute of Certified Public Accountants (AICPA) and the Public Company Accounting Oversight Board (PCAOB). Review...
- Q Current Attempt in Progress Skysong, Inc.'s accounting records show the following for the year ending on December 31, 2017 Purchase Discounts Freight-in Purchases Beginning Inventory Ending...
- Q The Munchkin Theater is a nonprofit organization devoted...
- Q Project A requires an original investment of $65,000. The project will yeild cash flows of $15,000 per year for seven years. Project B has a calculated net present value of...
- Q QUESTION 26 12.5 points Save Answer Tanner exchanged a piece of land held for investment with a basis of $20,000 and a fair market value of $80,000 for...
- Q Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM of 5.01 percent and...
- Q Transactions Birdy Consulting Services has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; B. J. Faust, Capital; B. J. Faust, Drawing;...
- Q Journalize the following: JC Toys buys $ 175,800 worth of toys on account with credit terms of 2 divided by 10 comma n divided by 60.
- Q A: It is March 1. A U.S. company expects to recaive 50 million Japanese yen at the end of July. The September futures price for the...
- Q The city of Charleston had the following sales of water for the selected months of 2017: Month Sales ...
- Q Prat Corp. started the Yer 2 accounting period with $31,000 of assets (all cash), $12,500 of liabilities, and $16,000 of common stock. During the year, the Retained Earnings...
- Q 25 Required information Problem 22-72(LO 22-5)(Algo) [The following information applies to the questions displayed below.] Part 4 of 4 3.44 Carolina Corporation,...
- Q If a division's net operating income, after deducting both traceable and common fixed expenses, is negative, it is a valid reason for eliminating the division. True or false...
- Q 2. What is the potential impact of an escalating trade war on Australia?
- Q Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzerias owner has determined...
- Q The manager of Keebee, Inc. is considering a new project that would require an initial investment of $1,197,810. The cost of capital or the required rate of return of this...
- Q Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit...
- Q y 4 999 990 ## al 14% _ 16:40 CMA611S...NE 2018 Question 4 (25 marks) Namaqua-Pumps Ltd is a pump-manufacturing company based in Rundu, Kavango West....
- Q Carla Vista Co. had these transactions during the current period. June 12 Issued 78,500 shares of $1 par value common stock for cash of $294. ...
- Q Break-Even Sales Currently, the unit selling price of a product is $230, the unit variable cost is $190, and the total fixed costs are $448,000. A proposal is being evaluated...
- Q Q4. From the Given information: Calculate the Book Value and pass Basic Elimination entry: (1 mark) PQR Ltd owns 100% of STV Ltd. STV Ltd s net income for...
- Q 5. From the following information prepare a cost sheet showing (i) Prime cost, (ii) Works cost, (iii) Cost of production, (iv) Cost of sales...
- Q Is it possible to post into an asset account and a revenue account? Give two examples with debiting and crediting an asset account.
- Q Terms of transaction: JC toys buys $175,800 worth of toys on accoutn w/credit terms of 2/10, n/60 Return amount: $17500 Journalize: Jul. 14?: KC Toys paid the amount? due, less...
- Q The Arthur Andersen/Enron case The Arthur Andersen/Enron case came to light when Enron suffered a collapse in the third quarter of 2001 that resulted in the largest Bankruptcy to...
- Q Within the Manufacturing Overhead Control account, if no manufacturing overhead has been applied, the posted entries for "actual manufacturing overhead" will generate a "debit balance." "debit...
- Q Use the following bank statement and T-account to prepare the May 31 bank reconciliation
- Q please select one interesting GASB accounting standard that is different than normal accrual accounting used for private enterprises and discuss why you feel the GASB accounting treatment is better or...
- Q Oak Realty's net revenue and net income for a 5 year periodusing 2012 as the base year is as follows: 2016 2015 2014 2013 2012 NET REVENUE $1,310,000. $1,187,000....
- Q On January 1 of Year 1, Jacobs Company sells land in return for a $40,000 note, issued by Andress Company. The note is a $40,000, 8%, annual interest-bearing note. Andress...
- Q SkylarSkylar Corporation has suffered losses for several years, and its debts total $485,000; SkylarSkylar's assets are valued at only $360,000. SkylarSkylar's creditors agree to reduce SkylarSkylar's debts by one-half in...
- Q DEBATE THIS: A financing statement that does not have the debtors exact name should still be effective because creditors should always be protected when debtors default.
- Q Rcord the issuance of 1000 shares with a $1 par value for a price of $50 per share
- Q Hunter & Sons sells a single model of meat smoker for use in the home. The smokers have the following price and cost characteristics Sales price Variable costs...
- Q Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from...
- Q Dennisport Corporation has an acid-test ratio of 1.7. It has current liabilities of $56,000 and noncurrent assets of $87,000. The corporation's current assets consist of cash, marketable securities, accounts receivable,...
- Q AB Builders, Inc., has 24-year bonds outstanding with a par value of $2,000 and a quoted price of 97.842. The bonds pay interest semiannually and have a yield to maturity...
- Q special orders question.
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