Accounting question and answers for October 18, 2023
- Q Suppose that you made three purchases using your credit card during the month of January. The first purchase was on January 8th for $462 . The second purchase was on...
- Q 2. Gardener's Market manufactures hedgers. During the year, it manufactured 5,000 hedgers, using 4.2 hours of direct labor per hedger at a rate of...
- Q If you were asked by the China Operations Team to pay for a local digital platform, what questions would you ask them to get clarification so that you have enough...
- Q Which of the following is NOT an action company co-managers should seriously consider in trying to improve the company's credit rating?
- Q On October 1, 2013, you borrow $218,000 at 10% interest for 3 years and record the promissory note. On April 1 and October 1 you are required to make semi...
- Q Interpreting Cost Behavior Graphs The graphs below represent cost behavior patterns that might occur in a company's cost structure. The vertical axis represents total cost,...
- Q Bonita Industries produces 5000 units of part A12EThe following costs were incurred at that level of production: Direct materials $51000 Direct labor 155000 Variable overhead 79000 Fixed overhead 174000 If...
- Q Sea Corporation issues 20,000 shares of $0.50 par common stock for $6 per share; the Additional Paid-in Capital account will increase by A-$130,000 B-$120,000 C-$10,000 D-$110,000
- Q Q. 1. a) Match the following columns. Please answer in the table provided. (10 m) Column A Column B Person giving indemnity Intention to deceive Implied...
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- Q A sole trader incurred a loss of 10,000 during his most recent accounting period, yet had more money in his bank account at the end of the period...
- Q 4 ways how earnings Management can affect the quality of earnings
- Q help please ! thank you . Sameer called for the previous year's financial performance data (see Exhibit 1). With...
- Q Based on the STAR report, in March 2022, the occupancy percentage in the DoubleTree Hotel in Downtown Houston was 73.9%, while in March 2021 it was 63.9%. In the competing...
- Q What are two specific transactions that should be approved by the board of directors? How can an auditor verify the approvals? For the two transactions you named, explain how a...
- Q Cullumber Industries developed the following information for the product it sells: For the year ended December 31, 2022, Cullumber produced and sold 125,000 units of product. What was...
- Q Kariem Salaam is directing the accounts payable office and is training a new accounts payable associate. They are processing an invoice for a credenza that is dated August 19 in...
- Q Suppose Hopewell Corporation had the following cash flow results for 2018: Net Cash Flow from Operating Activities of $8,300,000 Net Cash Flow from Investing Activities of -$1,800,000 Net Cash Flow...
- Q Which of the following is a present value method of analyzing capital investment proposals? Oa. a. average rate of return Ob. cash payback method Oc. net present value...
- Q Prepare a trial balance
- Q Chapter 9XX (Protected View) Word (Unlicensed Product) yout References Mailings Review View Help Tell...
- Q Credits Debits 30,000 40,000 1,500 60,000 20,000 0 2,000 6,000 80,000 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment...
- Q A rising liquidity ratio is a sign of prudent management. Discuss briefly.
- Q The following cost data pertains to DEF Inc. for December 31st,2022 : The cost of goods sold for 2022 is
- Q DWS Limited, a chemical firm, manufactures three joint products X, Y, Z and a by-product, W, in a single production process. An input of 25kg of raw materal used in...
- Q Wolverine, Inc. inici operaciones el 1 de enero del ao en curso con un saldo en efectivo de $12,000. El cuarenta por ciento de las ventas se cobra en el...
- Q The ending balance of accounts receivable was $70,000. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $355,000....
- Q 1. Do the external and internal environment analysis (for India) of the semiconductor industry. Prepare a detailed SWOT Analysis Statement. 2. What are the challenges being faced by the MNCs...
- Q Financial Planning Cases 11-1 The Johnsons Consider Buying Disability Insurance Dual-income households often have overlapping health care benefits. For example, both Harry and...
- Q Right Wing Company's sales for the next three months are as follows: February $130,000 March $170,000 April $200,000 Collection history for the company indicates that 60% of sales are...
- Q In 2022, Marigold Corp. had cash receipts of $27300, including additional owner investments of $10,000, and cash disbursements of $15600. Marigold Corp. purchased equipment of $12,000 on account. Marigold's cash...
- Q Fall Corporation's capital structure consists of 500,000 authorized shares of common stock, of which 100,000 have been issued and are still outstanding. At December 31, 2023, an analysis of the...
- Q The balance sheet for Plasma Screens Corporation, along with additional information, are provided below PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current...
- Q On December 31,2021, Palani Palates Ltd.(PPL) issued 125,000 common shares to acquire 100% of the common sharesof Soomin Sun Jung (SSL). On that date, PPL's shares were trading...
- Q Which of the following is an example of an error that should be corrected? A. Using 5% for bad debts provision, but 1% is required in the company's...
- Q Assume that you own 100 shares of common stock of a company, that you have been receiving cash dividends of $2 per share per year, and that the company has...
- Q Who is responsible for compiling the risk management statement? How do you decide on items of priority? What factors are taken into account when deciding priority?
- Q Which of the following is necessary in order to incorporate a new business? a.) an attorney b.) a proven business idea c.) an approved name d.)an accountant
- Q Budgeted income statement and balance sheet As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 20Y9, the following tentative trial...
- Q Imagine you are planning to start a business. Decide what kind of business it would be and explain why you would choose a particular organizational form (sole proprietorship, partnership, or...
- Q according to Carnegie what were the benefits of capitalism over socialist
- Q M9-16. interpreting disclosure on investments in affiliates (L02). Merck 10-K report included the following footnotes disclosures. investment in Affiliates accounted for using the equity method . . . totaled $1.3...
- Q 15 Stark Corporation had a beginning inventory of $180,000 for the month of July. Stark Corporation ordered additional inventories worth $420,000 from Wayne Enterprise throughout the...
- Q Lane receives the following compensation and benefits during 2019: salary $60,000 overtime bonus $12,000 value of medical insurance coverage $5,000 medical insurance reimbursements $3000 total $80,000 what amount is included...
- Q Company X has net sales revenue of $970,000, cost of goods sold of $347,000, and all other expenses of $329,500. The gross profit percentage is closest to
- Q chapter 10 acct 2101 Exercise 5A Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $168,200 to $201,800. Variable costs and their...
- Q (2) What is the effect of the stay (moratorium) on proceedings during administration and what do you think are the reasons the Act enables certain creditors to avoid the stay...
- Q Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions. ...
- Q Explain the periodic deductions process within designated timelines and identify who are the nominated creditors.
- Q Problem 12-4 Last year...
- Q sales) figure is
- Q The company uses direct labor-hours as its overhead alfocation base. The variable portion of its predetermined martafeturing overhead rate is $375 por direct lobor-hour and its...
- Q Required information Problem 17-16 Comprehensive-reporting a pension plan; pension spreadsheet; determine changes in balances; two years [LO17-3, 17-4, 17-5, 17-6, 17-7, 17-8] [The following information applies to the...
- Q Kelly Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket: Direct Material (Fabric). 4.0 yards per blanket at $7.00 per yard Direct...
- Q Amy single, received a $ 5,800 capital gain distribution from a mutual fund account. Use the schedule D Tax Worksheet to calculate the amount of tax on Amy's capital gain....
- Q Following is the balance sheet of Benson Company for Year 3: BENSON COMPANY Balance sheet Assets Cash $ 15,450 Marketable...
- Q We learned that changes in exchange rates and the corresponding changes in the balance of trade amplify monetary policy. From the perspective of a nation's central bank, is...
- Q Aadakilerden hangisi bir rnn satna ynelik kstlamalardan biri olabilir? A. Raf alan B. Maaza saatleri C. alanlar iin uygun alma saatleri D. ...
- Q Income tax, social security and Medicare are all part of _____.
- Q Bull'sEye vende tarjetas de regalo canjeables por productos Bull'sEye, ya sea en la tienda o en lnea. Durante 2021, Bull'sEye vendi $2,500,000 en tarjetas de regalo y $2,300,000 de las...
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- Q On August 1, Tran Enterprises enters into a contract to provide public relations services for one year to Ngi Company for $18,000. On December 31, Tran has received $12,000 in...
- Q ABC Corporation is issuing 100,000 shares of $2 par value common stock for $15 per share. Please provide journal entry to record this transaction
- Q Cheng Company traded a used truck for a new truck. The used truck cost $81,570 and has accumulated depreciation of $73,413. The new truck is worth $100,603. Cheng also made...
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- Q Which of the following facts is true? a-APRA undertakes open market operations in the short-term money market to affect the cash interest rate. b- RBA undertakes open market operations in...
- Q Required information Problem 14-23 Preparing a master budget for retail company with no beginning account balances LO 14-2, 14-3, 14-4, 14-5, 14-6 [The following information...
- Q 17 Future costs that do not differ between the alternatives in a decision are avoidable costs. 18. It may be a good decision to replace an...
- Q Companys management borrowing money from the company is an example of a Weak internal control process Violation of GAAS Related Party Transaction Management fraud
- Q At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12.6 million. $9.6 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015...
- Q What does a positive cash used for operating growth suggest? think about Fixed asset purchase by itself does not reflect investment in operating growth because aging assets will be retired...
- Q Domino Co. tiene los siguientes datos relacionados con un artculo del inventario: Inventario inicial, 1 de marzo: 100 unidades a $2,10 Compra, 7 de marzo: 350 a $2,20 Compra, 16...
- Q 00 The R2 (i.e., R-squared) is a measure of the goodness-of-fit in least-squares regression. ed out of Select one: True False an
- Q Which of the following account is not closed at year end? a. Dividends b. Retained Earnings c. Sales Revenue d. Cost of Goods Sold
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