Accounting question and answers for July 23, 2023
- Q When equipment that is to be used by the Enterprise Fund is received, how should it be recorded Expenditures Encumbrances Equipment Appropriations
- Q Chang Industries has 2,800 defective units of product that already cost $30 each to produce. A salvage company will purchase the defective units as is for $13 each....
- Q Discrete Mathematics Proof Suppose that every student in a discrete mathematics class of 25 students is a freshman, a sophomore, a junior, or a senior. Prove that the...
- Q What is the benefit-cost ratio (profitability ratio) for an investment with the following cash flows at a 13.2% required return? (Round to two decimal places) Year Cash Flow 0 $...
- Q Meadows Manufacturing has $10,000 in payroll for its factory workers that must be added the cost of its product. How would Meadows record the direct labor cost? A : a...
- Q Compute the contribution margin ratio
- Q how was the cash calculated on the statement of fiduciary net position?
- Q Buckler Company manufactures desks with vinyl tops. In 2004, a 1,000 desk production run cost for the vinyl used per Model S desk is $27.00 based on 12 square feet...
- Q Hess Co. manufactures a product that sells for $12 per unit. Total fixed costs are $96,000 and variable costs are $7 per unit. Hess can buy a newer production machine...
- Q What happens to each company's net income if sales increase by 40% ? (Round your answers to nearest whole percent.)
- Q A co-worker and you attend a workshop that required all-day travel. The company policy allows workers a certain expense for lunch, with no receipt required. However, you and the co-worker...
- Q sir solve it asap plz Q no.4) Discuss the differences between solicited and unsolicited cover letters and explain how to draft each
- Q Required information The following information applies to the questions displayed below.) The following events apply to Gulf Seafood for the Year 1 fiscal year: 1. The...
- Q Sand Company's inventory balances for May are given below: Sand Company reported the following account balances for May: Calculate Sand Company's inventory balance at May 31
- Q 15 15
- Q How would accounting reports help entrepreneurs obtain finance?
- Q (TCO I) Peter Paulson purchased a residence on February 19, 2011 for $180,000. On September 7, 2017, a tornado completely destroyed his home. The home was insured for its replacement...
- Q Question 1: True or False : Separate reports on internal control over financial reporting must be issued by auditors of public and private company. Question 2: The Qualified audit report:...
- Q I need help with this question please. Thank you!! Two alternatives, code-named X and Y, are under consideration at a company. Costs associated with...
- Q You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the...
- Q the answer is not correct : the system not accepted , ss you see i put the same answer you gave me and is not correct:...
- Q A-Rod Fishing Supplies had sales of $2,440,000 and cost of goods sold of $1,750,000. Selling and administrative expenses represented 8 percent of sales. Depreciation was 4 percent of the total...
- Q Rented office space and paid cash for the month's rent of $7,200 what is the journal entry
- Q Comparative information taken from the Calla Company financial statements is shown below: Year 2 Year 1 a. Accounts receivable P175,000 P140,000 b. Retained earnings 30,000 (40,000) c. Sales 855,000 750,000...
- Q Beake Company has 15 days sales in work in process inventory based on the current years cost of goods sold of $11,315. What is Beakes work in process...
- Q Jadon has $120,000 in vested plan benefits. His employer's qualified retirement plan allows for loans. He borrowed $10,000 on June 20th, 2021 to help pay for his son's college tuition....
- Q Question 3 a. Define the terms "depreciation","depreciable amount', "useful-life", "residual value" and "net book value". 10 Marks
- Q An insurance company advertised an invitation to the public to subscribe for shares. Grant applied for 100 shares through the mail. the shares were duly allotted to him , and...
- Q JKL Company will issue $2,000,000 in 12%, 10-year bonds when the market rate of interest is 10%. Interest is paid semiannually. Required: Determine how much cash JKL Company should realize...
- Q 2) Very Bouys Inc. had cash sales of $650,000 during the month of December and collected the 8% sales tax on these sales required by the province in which Very...
- Q you have decided to start a business. whatbwill you sell? Identify the three forms of business organization you could choose and describe their characteristics. which form of business is best...
- Q Which of the following is true about corporate capital losses? Group of answer choices You can deduct up to $3,000 and carryover the rest Any excess losses get carried forward...
- Q TB Problem 4-85 (Algo) As of May 31, the bank statement of Flore Company showed... As of May 31, the bank statement of Flore Company showed an ending...
- Q discounts earned liability
- Q Presented below is information related to Whispering Manufacturing Corporation. Prepare the entry to record the sale of asset D for cash of $5,400. It was used for 6...
- Q A Plant was purchased on April 21st, 2018 for $ 250,000 with a residual value of $50,000 and useful life of 15 years. Depreciation is charged on straight-line basis. The...
- Q Cane Company manufactures two products called Alpha and Beta that sell for $225 and $175, respectively. Each product uses only...
- Q Current Attempt in Progress The Deluxe Division, a profit center of Blossom Manufacturing Company Prepare a responsibility report for the manager of the Deluxe Division
- Q Find the financial statements of a publicly traded company and review its statement of cash flows. Of the companys cash flows from operating activities, investing activities, and financing activities, which...
- Q Come-Clean Corporation produces a variety of cleaning compounds and solutions for both industrial and household use. While most of its products are processed independently, a few...
- Q Mfiuthents and addeboul informabion devinehing belance Rtwo. Mfiuthents and addeboul informabion devinehing belance Rtwo
- Q Net sales revenue, net income, and common stockholders' equily for Eyesight Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. :: (Click the icon to...
- Q The owner of a small factory thinks that he will need $28,900 for new equipment in 10 years. He decides that he will put aside the money now so that...
- Q I need assistance finishing please. The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2016: Employee Hours...
- Q Could I get help with the following? Please display where the information is coming from as well. Thanks! Summarize how Spotify compares to the overall market.
- Q At which value are current assets reported in the balance sheet? Historical value Combination of historical value and net realizable value Fair value Net realizable value
- Q Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firms worksheet for the year ended December 31, 2019. ...
- Q Thank you! I will definitely rate! On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2...
- Q Uno de los principales problemas en un sistema informtico es que el mismo individuo puede realizar funciones incompatibles. Identifique de las siguientes opciones el control que compensa la separacin inadecuada...
- Q A productivity index of 110% means that a companys labor costs would have been 10% higher if it had not made production improvements. Assume that Digby had a productivity index...
- Q Liz Bley died on September 23, 2017. At the time of her death, she owned the assets listed in the table below Cost S 20,000 $170,000 S 36,000...
- Q Juliana purchased land three years ago for $111,700. She gave the land to Tom, her brother, in the current year, when the fair market value was $156,380. No gift tax...
- Q Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales...
- Q Unlike businesses, governments should not capitalize interest on general capital assets that they construct themselves. True or false. Explain.
- Q By marking up the product 60% on cost of $10, what would be the percent gross margin on selling price? ...
- Q Halestorm, Inc. will pay $3 for its next dividend payment. Dividends are anticipated to growth constantly at 4% forever. If the stock currently sells for $40 per share, what is...
- Q 12 12
- Q 9) The adjusting entry for unearned revenues results in a) an increase to a liability account and a decrease to a revenue account b) a decrease to a...
- Q On 1 July 2021, Herd Ltd. acquired a machine for $50,000 and decided to depreciate it for 16 years with no residual amount. The tax rate is 20%. Assume that...
- Q Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Hoffman anticipates selling...
- Q All of the following are important reasons to keep good records of a shareholder's basis in an S Corporation except: a. Limits the amount of S...
- Q Coreys Campus Store has $3,500 of inventory on hand at the beginning of the month. During the month, the company buys $36,000 of merchandise and sells merchandise that had cost...
- Q How much will you have in a savings account in ten years, if you deposit $1000 in the account at the end of each year and the account...
- Q Overview You are hired as a new cost accountant to Ciccetti Corporation. The company manager, David, is having a meeting with you in his office. He brought you this budgeted...
- Q Use the following information to prepare adjusting entries for Gilbert Holdings: On April 1, 2019, Gilbert Holdings signed a 4.30% bank loan due...
- Q State two examples of business segments and explain why these would be feasible business segments. You can use examples from your work or pick a publicly held company and describe...
- Q 12. A customer has requested that Coolidge Corporation fill a special order for 2,000 units for $35.00 a unit. While the product would be modified slightly...
- Q Bird Wing Bedding can lease an asset for 4 years with payments of $29,000 due at the beginning of the year. The firm can borrow at a 5% rate and...
- Q "If input data are entered into the system completely and accurately, then the information process control goals of ensuring update completeness and ensuring update accuracy will be automatically achieved. Do...
- Q uick assets formula for balance sheet
- Q MC Qu. 39 LO 20-04 B Company switched from... B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2013. The change affects machinery...
- Q To what extent do market pressures encourage unethical behaviour? Can the demis of Andersen be blamed on the fact that the market began rewarding consulting services of the kind Andersen...
- Q Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firms worksheet for the year ended...
- Q The following selected transactions were completed by Niles Co. during March of the current year: Mar. 1 Purchased merchandise from Haas Co., $43,250, terms FOB shipping point,...
- Q Wainut Company has forecast sales for the next three months as follows: July 4,500 units, August 6,700 units, and September 7,600 units. Walnut's ending finished goods...
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