Accounting questions and answers in April 2019

I have used some study materials online already and they come up with the same answer which is not correct. I do not wish to submit tutors burgers my own, I'm okay with speaking in general terms and c...

1. A machine is purchased on January 1, 2011, for $90,000. It is expected to have a useful life of five years and a residual value of $5,000. The company closes its books on December 31. Under ...

Traner, Inc. reported the following for the current year: Average common shares outstanding 200,000 Average stockholders' equity ?...

1. Conejo Company, which uses a calendar year, purchased a piece of equipment for $50,000 on January 3, 2010. It estimates the equipment will have a useful life of 8 years and $4,000 residual ...

The following information relates to the Marigold Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2013$ 75,600100December 31, 201498,988113December 31, 2015107,125125Dece...

Question 1 - DSS PTY LTD You are working as management accountant in DSS PTY LTD and have been asked to prepare report on financial position of the company for which you need to calculate the followin...

Nash Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1Beginning inventory2,600$172/4Purchase3,600252...

Quadros Inc., a Portugese firm was acquired by a U.S. company on January 1, 2010. Selected account balances are available for the year ended December 31, 2011, and are stated in euro, the local curre...

Can i please have the answers and explanations to reach the conclusion? 70. Assume the functional currency is the U.S. dollar . compute the U.S. Income Statement amount for depreciation expense for 20...

IS. Assume the functional currency is the U.S. dollar . compute the U.S. balance sheet amount for accumulated depreciation for 201 1 . 4. 540.950 8. 541. 850. 2. 545. 450 D. $42. 750 E. $4 4. 100.

71 . Assume the functional currency is the U.S. dollar . compute the U.S. Income statement amount for sales for 2011 . A. $364.000 $. 5372.000. 2. 5380.000. D. $350.000 E . $40 4. 000

73. Assume the functional currency is the U. S. dollar . compute the U.S. balance sheet amount for Equipment for 201 1 $81.900 $90.900 C . $83 . 700. D. $83. 200 E. $85. 500

Why is effective budgeting critical to a company's success?.

I don't understand what is needed for this research paper. Any comments would be helpful please. I have attached what she is looking for. Required: Read the Hawaii Fitness Club case facts carefull...

Public interest theory Capture theory Private interest theory (economic theory) Legitimacy theory Stakeholder theory (select one branch) Ethical (moral) branch Managerial branch Institutional theory E...

John owns a craft store. Currently the craft store is operated as a sole proprietorship and generates an annual operating profit of $120,000. In addition, the store earns annual dividends of $5,000 fr...

I need help understanding/summarising the passage below. Passage: Concerns have been raised about Tesla chief executive Elon Musk's behaviour in recent months. Tesla shares have dropped sharply after...

1. Ivy Corporation is authorized to issue 2,000,000 shares of $4 par value capital stock. The corporation issued half the stock for cash at $8 per share, earned $336,000 during the first three ...

PHILLIP H.. (age 41) and JANNIE M. (age 39) DAVIS are married and have two children, Fred J. (age 12) and Gretchen W. (age 22). All parties reside at 2100 Laredo Dr., Greeley, CO 80321. Relevant ...

Please check my adjusted trial balance at the end. Thanks, Jon During 2018, the following occurred: Customer sales on account $400,000. Received payments from customers in cash $380,000. Purchased mer...

On November 1, ABC factors $300,000 of accounts receivable with D Corporation without recourse. D will collect the receivables on a notification basis. D advances 90% of the Accounts factored to ABC ...

120 . ` "Normal" spoilage IS Charged off as a loss on the Income Statement . TRUE FALSE E.C. If False, provide correct answer

Please advise and provided examples Determine the difference between a cost object and a cost driver by giving an example of each within the context of a manufacturing plant of your own choosing. Expl...

26 Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management predicts that 5,600 skis and 6,600 pounds of carbon fiber will be in inventory on June...

Research and identify five (5) digital apps that can be used for communication?

3. Under its executive stock option plan, Berry Corporation granted options on January 1, 2016, that permit executives to purchase 30 million of the company's $2 par common shares within the next eigh...

Identify ten (10) digital apps that can be used for productivity?

7 Asteroid Industries accumulated the following cost information for the year: Direct materials $16,300 Indirect materials 4,300 Indirect labor 8,800 Factory depreciation 13,100 Direct lab...

Question attached. Please try your best so I can compare our answers.

8 Use the cost information below for Laurels Company to determine the manufacturing costs added during the current year: Direct materials used $6,600 Direct labor used 8,600 Total factory overhe...

9 Use the following data to figure out the total factory overhead costs for the month : Sales commissions $12,600 Direct labor 41,400 Indirect materials 17,000 Factory manager salaries ...

3. JOYCE and her brother , BOD, are CO- OWNERS OF, and aCLIVE DalLICIDENIES II, a furniture - restoration business . JOYCE Owns 30 Percent , and BOD OWNS !'O PERCENT Of the BUSINESS . THE BUSINESS Wa...

10 Use the following data to compute total manufacturing costs for the month: Sales commissions $12,800 Direct labor 41,600 Indirect materials 17,200 Factory manager salaries 9,200 Facto...

1.Using the information below for our company; determine the cost of goods manufactured during the current year: Direct materials used$5,000 Direct Labor 7,000 Total Factory overhead 5,100 Beginnin...

11 Current information for the Stellar Corporation follows: Beginning work in process inventory $33,900 Ending work in process inventory 35,300 Direct materials used 163,000 Direct labor use...

Background Information: Cipper Corporation is authorized to issue an unlimited number of no par value common shares, and has 100 000 shares outstanding. The business has the following balances in it...

13 Xia Co. manufactures a single product. All raw materials used are traceable to specific units of product. Current information for company follows: Beginning raw materials inventory $9,000 Ending...

14 Using the information below, calculate gross profit for the period: Beginning Raw Materials Inventory $23,000 Ending Raw Materials Inventory 28,000 Beginning Work in Process Inventory 51,00...

15 Using this information, what is the net income? Sales revenues for the period $1,321,000 Operating expenses for the period 256,000 Finished Goods Inventory, January 1 53,000 Finished G...

16 During March, a firm expects its total sales to be $154,000, its total variable costs to be $94,400, and its total fixed costs to be $24,400. The contribution margin for March is:

17 A firm expects to sell 25,400 units of its product at $11.40 per unit and to incur variable costs per unit of $6.40. Total fixed costs are $74,000. The pretax net income is:

18 A firm expects to sell 25,400 units of its product at $14 per unit. Pretax income is predicted to be $60,400. If the variable costs per unit are $7, total fixed costs must be:

Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs. The company uses direct labor hours as the cost driver for manufacturing overhead...

FACTS Valerie Lawson and Clara Norman are the sole equal partners in the general partnership of Lawson And Norman Enterprises. The partnership, which is a retail office supplies and stationery store,...

a young man has decided to go into business at age of 40. he wishes to accumulate php 200.00 at that age. on his twenty-fifth birthday he deposits a certain amount and will increase the deposit by 10%...

FACTS Valerie Lawson and Clara Norman are the sole equal shareholders in the corporation of Lawson And Norman Enterprises, Inc. The corporation, which is a retail office supplies and stationery store...

20 Use the following information to determine the break-even point in sales dollars: Unit sales 44,400 Units Dollar sales $444,000 Fixed costs $197,000 Variable costs $166,500

22 Watson Company has monthly fixed costs of $91,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,800, what dollar amount of sales must be made to produce...

23 A product sells for $280 per unit, and its variable costs per unit are $205. Total fixed costs are $436,000. If the firm wants to earn $63,500 pretax income, how many units must be sold?

30 Merline Manufacturing makes its product for $55 per unit and sells it for $147 per unit. The sales staff receives a 10% commission on the sale of each unit. Its December income statement follows. ?...

6 The following information is available for the year ended December 31: Beginning raw materials inventory $12,800 Raw materials purchases 89,600 Ending raw materials inventory 12,200 Manufa...

the Important difference between return on assets ( KUHL ) and Telli'll on CollinTion shareholder's equity ( ROCK ) is a . ROA does not differentiate based on how a company finances its assets ; ROCK...

Jonsub Itd. is a wholly owned subsidiary of Normpar Itd . Both are Canadian companies* located in Saskatchewan . The two companies plan to merge on December 31*; either by amalgamating or by winding ...

Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.1 pounds of the material, S5 uses 2.7 pounds of the material, and G9 uses 7 pou...

Hello, would you help me understand how to answer the below questions? Exercise 5 - 25 [ - Your answer is partially correct . Try again . Crane Construction Consultants performs cement care tests in i...

Please check my adjusted trial balance. Thanks, J on Liabilities* Accounts payable Common Stock beg . 4 4, 610 beg . 250, 000 31 - Dec 220, 00.0 31 - Dec 230.0.00 34, 616 Ending 250, 0.00 Retained Ear...

Total payroll was $444,000, of which $100,000 is exempt from Social Security tax because it represented amounts paid in excess of $118,500 to certain employees. The amount paid to employees in exces...

Turning Point Services ( TPS ) was established on January 2 , 2017 to provide training programs for* those in career transition . TPS is a private not- for - profit organization . The following event...

Northsouth Services is a private voluntary health and welfare organization that was established on January 2, 2013 to provide meals and temporary lodging for abused families. The following events occ...

is hedge and forward contracts the same? how do u deal with forward contracts using hedge accounting under aspe?

Alex Kelton recently won the jackpot in the Colorado lottery while he was visiting his parents. When he arrived at the lottery office to collect his winnings, he was offered the following three payout...

BACKGROUND:Like many cyclical businesses, auditors (and clients) have periods of each year with peak demand on their time. In order to remain efficient, effective, and deliver high-quality client serv...

Hi, I need help answering this question, thanks! Using the following data, conduct a trend analysis for 2018 using 2015 as the base year (round to 2 decimal places). 2015 Total Assets = 573,000; 2016 ...

Partnership tax form Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The p...

James P. (age 54, SSN 345-67-7893) and Janice K. (age 49, SSN 112-23-3445) Roads file a joint return. They reside at 4410 E. Vermont Avenue, Carlisle, PA 17013. Use the following information to prepar...

Evaluation of Deviations from 'Expectations' for 2016 Below is a common-size worksheet that facilitates the auditor evaluation of differences [fluctuations, deviations] between the 2016 unaudited fina...

The purchase of a single premium life insurance policy by a taxpayer can serve as a method by which to defer taxes since the earnings on the investment portion are not currently taxable.

Using Excel, conduct a regression analysis for the following data comparing vehicle weight with fuel efficiency, including: a. Trendline chart b. Equation c. Correlation Coe...

I really need help with all of these problems before 2:00 PM eastern standard time tomorrow, 5/01/2019. Thank you! Problem 2: ( 20 points ) Prepare journal entries for each of the following transactio...

How will a company's total current liabilities and total stocidlolders' equity.r be affected by the declaration of a stock dividend? (Assume the stock dividend is distributed at a later date.) Tota...

Prepare the 2017 fiduciary income tax return (Form 1041) for the Green Trust. In addition, determine the amount and character of the income and expense items that each beneficiary must report for the ...

62) To postpone any gain on an involuntary conversion, the taxpayer must purchase qualifying replacement property that is "similar or related in service or use" to the property involuntarily converted...

51) A property that has been rented for 120 days and used for personal use for 40 days should be categorized as: A) Primarily rental. B) Primarily personal. C) Personal/rental. D) All of these are cor...

Hello, I am working on the one month project for payroll accounting (A practical, Real-World Approach 6th Edition by Eric A. Wienstein, CPA) starting on page 226 and having a hard time figuring out th...

44) Which of the following is a passive activity? A) A limited partnership interest. B) Rental real estate activities where the owner is a real estate professional and works 800 hours per year. C) A t...

38) Stephen and Joy own a duplex in Newport Beach, CA. They live in one unit and rent the other to another couple. Their rental income for the year was $24,000. They incurred the following expenses fo...

33) Which of the following expense items is(are) deductible as rental expense for a rental property? A) Travel related to the property B) Management fees C) Repairs and maintenance D) All are deductib...

28) Georgia owns a home in Colorado that she rents for $1,200 per month (she does not use the home personally). While she was in Europe in November, the roof in her rental home leaked and her tenant r...

Final Written Exam Intermediate Accounting 90 Points 1. Given the following information for Goode Company: May 1 Beginning inventory 18 units @ $4 per unit May 7 Purchase 12 units @ $5 per unit Ma...

21) Rental properties that are also used as vacation homes fall under one of two categories: (1) primarily rental; or (2) primarily personal. (True or False) a) True b) Fal...

Santana Rey, owner of Business Solutions, decides to make a statement of cash flows for her business using the following financial data. BUSINESS SOLUTIONSIncome StatementFor Three Months Ended M...

A. Prepare the acquisition analysis at 1 July 2013. E. Prepare the BEVR and pre - acquisition journal Entries at 1 July 2013. [. Prepare the BEVRand pre - acquisition journal Entries at 30 JUNE 2017 ...

The term real estate is used in three fundamental ways . These include all of the following EXCEPT :

Please give me filled form for 2017 tax return for phillip and claire...Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight ...

5, out of 5 points Donaldson's Delivery Company began operations on January 1 , 2019 . The following Trial Balance was prepared on December 31 , 2019 . Donaldson's Delivery SERVICE Company Trial Bala...

What's the meaning of this sentence ："amortization basis for recognition of operating lease payments as an expense" （AASB117）？

Twenty metrics of liquidity, Solvency , and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common sto...

I need to finish after 7:00pm today. Is there someone help me with this problem please Case Study Part 5 The balance sheet and income statement for Grindstone Paving are presented below :` Grindstone ...

You are employed as an accountant for Innovative Computing. Your company is in the process of signing a large contract with an electronics components supplier. You have a friend who works for the elec...

You are an auditor on the OZ Limited (OZ) audit engagement for the financial year ending 30 September 2019. OZ is a large hotel company with more than 800 hotels in Australia and Asia under a range of...

if fair value lower than book value, how to prepare a acquisition analysis? for example,A acquire all share capital of B, tax rate is 30%, book value of account receivable is $16,000 but fair value ...

if fair value lower than book value, how to prepare an acquisition analysis? for example,A acquire all share share capital of B, tax rate is 30%, book value of account receivable is $16,000 but fair v...

I'ven with careful planning , sometimes receivables become uncollectible . Which method would you use to write off an uncollectible account ? Explain your reasons .

Imagine you own a business that sells to customers on trade credit. For example, you manufacture luxury soaps and you sell these soaps to boutique stores in your hometown area.

Assume that the audit for National Australia Bank Limited (NAB), a financial institution, will be coming up for tender. You and your colleagues are required client evaluation report based on your rese...

What are the answers to this? Adjustments ( place on worksheet ) - - Sales earned but not billed yet $ 1000 ( treat as AR ) - - Additional $200 in sales salaries has been accrued , but not yet recorde...

6) Which of the following is typically considered an agency cost? a) Audit b) Cost of goods sold c) Consultant fees d) Taxes

https://investors.jbhifi.com.au/wp-content/uploads/2018/08/Appendix-4E-and-Financial-Report-2018-Full-Year.pdf https://www.jbhifi.com.au/Documents/Appendix%204E%20and%20Financial%20Report%20-%202017%2...

Annapolis Company was recently sold for $450,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of: Item Amount Accounts Receivable assumed by buyer $96,000 ...

On January 2, 2019, Adelphi Company purchased a patent for $195,000 plus $5,000 in legal fees. On that date, the patent had a remaining legal life of 13 years. Adelphi Company expects to use the paten...

Bowie Company uses a calendar year. On December 31, 2018, after adjusting entries were posted, Bowie Company sold a machine which was originally purchased on January 1, 2015. The historical cost was ...

February 1, 2018, Salisbury Company purchased land for the future factory location at a cost of $112,000. The dilapidated building that was on the property was demolished so that construction could...

Somerset Company acquired a piece of equipment with a list price of $200,000 for $150,000. Freight to Somerset's location was $5,000. Installation and testing costs were $8,500. An old piece of equ...

Cambridge Company purchased a truck on January 1, 2018. Cambridge paid $23,000 for the truck. The truck is expected to have a $3,000 residual value and a 6-year life. Cambridge has a December 31 fisc...

Cambridge Company purchased a truck on January 1, 2018. Cambridge paid $19,000 for the truck. The truck is expected to have a $2,000 residual value and a 5-year life. Cambridge has a December 31 fisc...

A 6.2-acre parcel of land is being offered for $ 49 900 . Stanley pays $ 200 down and finances the rest at 5.95 % /a compounded monthly . If he pays $ 350 every month , how long will it take him to pa

Looking for some accounting help on journalizing transactions accounting CHAPTER 8 REVIEW, PRACTICE, AND APPLY Learning Objectives 2, 3, 4, 5, 6 Problem 8-5A Check Figure Objective: To complete a comp...

small kine company closes its books and prepares financial statements at the end of each month.small kine uses the perpetual inventory sysytem.the company completed the following transactions during a...

How is expected loss calculated when performing risk assessment ?

Larkspur, Inc. issues $1.00 million, 10-year, 9% bonds at 98, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account ti...

A transaction involving only one firm , which results in a stock being delisted and no longer available to the public is a (n) :

I need an expert to help me to do manufacturing overhead cost budget. Please Mahopines Company is a company that makes two types of dining tables: Plain and Maple. There are two types of direct materi...

On July 1 , a company paid the $ 2,880 premium on a one-year insurance policy with benefits beginning on that date . What will be the insurance expense on the annual income statement for the first yea

On 1 July 2013 David Ltd acquired all of the share capital of Goliath Limited for a consideration of $500,000 cash and a brand that was held in their accounts at a book value of $10,000 but at 1 July ...

Please provide answer. Exhibit 6-1 The totals from the first payroll of the year are shown below. Total FICA FICA FIT State Union Net Earnings OASDI HI W/H Tax Dues Pay 3536,1951 $2,244.10 $524.83 $6,...

Pina Colada Company publishes a monthly sports magazine, Fishing Preview . Subscriptions to the magazine cost $24 per year. During November 2020, Pina Colada sells 21,720 subscriptions beginning wi...

Monty Corp. issues $350,000 of bonds for $353,500. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not inde...

1. On January 1, 2018, Planet Corporation issued $1,000,000 of its 10-year, 9% bonds [interest paid annually) to yield 8%. The present value of $1 at 9% for 10 years is 0.4224, and the present value ...

Why and how governments use capital projects funds and debt service fund?

How is the modified accrual basis of accounting different from the regular accrual basis accounting?

Exercise 12-10 Available-for-sale securities [L012-1, 12-4] Tanner-UNF Corporation acquired as a long-term investment $300 million of 6% bonds, dated July 1, on July 1, 2018. The market interest rate...

What's purpose of the unadjusted trial balance and the adjusted trial balance and the post-closing trial?

Taxpayers age 55 or over can qualify for the once-in-a-lifetime exclusion if they have owned and used their home as a principal residence two years out of a three-year period ending on the date of sal...

6. REA MODEL—CRYOGENICS' FIXED ASSET SYSTEM Cryogenics Inc. is a leading developer, designer, and manufacturer of tanks, moveable containers, and trailers for the most efficient storage and distrib...

Need Help with 9-2 Comparing three depreciation methods apps vincepi UI uIcpreciation . .What would be the effect on the income statement and balance sheet if the cost of filling* and grading land of ...

These questions are based on Rothmans Inc. - The Curious Case of the Interest Rate Swap. Do you think they were was wise to enter into an interest rate swap? Explain what the termination cost mean...

51 . Reconsider the facts in problem 49 . Assume the partnership distributed one - third of the accounts receivable and property 2 to Karen in complete liquidation of his interest in the partnership ...

b. Will Karen recognize any income or gain in connection with the distribution? c. What will be Karen's tax basis in Property 1? 49. Challenge Partners had the following balance sheets at December 31 ...

42. In complete liquidation of her interest in the Buyers Partnership, Sarah received a cash distribution of $40,000. Her basis in the partnership interest prior to receipt of the liquidating distrib...

31. Mark, Pete and Mickey are equal partners in the 2MP Partnership. At the beginning of the year, Mark's basis in his partnership interest was $15,000, Pete's basis was $10,000, and Mickey's b...

36. Jonna is a one-fourth partner in Andersen Partners. At the end of the year, her tax basis in her partnership interest was $25,000. At that time, she received a non-liquidating distribution from t...

50. Consider the facts of problem 49. Amume that rather than property 1, Karen had received the accounts receivable and $15,000 cash in complete liquidation of her interest in the partnership. a. Wou...

12. What are "hot" assets, and how do they affect the consequences of a partnership distribution?

44. Stacy is a one - third partner in Ty knot Partners . Her basis in her partnership interest is $85, 000 , consisting of her $ 25 , 000 contribution to capital and her $60 , 000 share of the* partn...

33. Susan was a one-third partner in Anders Mountain Partners until last month. Last month, she received a cash distribution of $25,000 in "redemption" (i.e., partial liquidation) of half her ...

The Steiner Corporation had earnings before taxes of 240,000 for the year ended December 31, 2015. During that year, the Company had the following tax-related circumstances: Steiner was permitted to d...

Some individuals assume that a flexible budget means the organization just changes the budget whenever something happens that was not budgeted. Nothing could be further from the truth. Explain the con...

Many organizations operate with an annual budget as their guide. This helps the organization ensure that their spending relates to their strategic goals and acts as a tracking measure of progress each...

A junior accountant is working to get everything in order for the new financing and has come to you with a question about what to do next in the accounting cycle. Read the email the junior accountant ...

Please help create the adjusting entry for both parts.

Can someone explain the accounting for loss carrybacks and loss carryfowards?

Adjusting entry: The interest has accured at 7% on the long-term notes payable since July 1, 2018. Long-term notes payable = $113,000 The next six month payment at 6% on the bonds is due on March 1, 2...

Two years ago, Kimberly became a 30 percent partner in the KST Partnership with a contribution of investment land with a $13,000 basis and a $20,200 fair market value. On January 2 of this year, Kimbe...

The annual provision for doubtful accounts receivable is recorded in an amount equal to 4% of gross accounts receivable less the ending allowance account balance. Accounts Receivable = 273,810 Allowan...

The balance sheet of Ryan and Peter's partnership as of December 31, 2018, is given below. Assets Cash $10,000 Accounts Receivable 10,000 Furniture 27,000 Equipment 39,000 Other assets 8,00...

Mathew, Patrick, and Robin and have capital balances of $75,000, $125,000 and $93,000, respectively. As per the partnership agreement, Mathew gets a profit share of 2/9; Patrick gets?...

which of the following groups of accounts ve Zero Dallances after the closing process is completed? Allowance for Doubtful Accounts and Uncollectible Accounts Expense Purchases and Purchases Returns ...

he incredible growth of Amazon.com has put fear into the hearts of traditional retailers. Amazon's stock price has soared to amazing levels. However, it is often pointed out in the financial press tha...

Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gide...

All of the following are current assets except: A) Merchandise Inventory B) Accounts Receivable C) Short Term Investments D) Equipment and Buildings E) Prepaid Expenses I can't solve this

Which of the following accounts have a normal Credit Balance? A) Prepaid Expense B) Unearned Revenue C) Dividends D) Note Recievable E) Land I have (C) Dividends as my answer if i'm wrong can you let ...

All of the following are external users of financial statements except A) Lenders B) Shareholders C) Customers D) Division Managers E) Suppliers I have (D) Division Managers can you let me know if thi...

Kingbird, Inc. issues $2.50 million, 5-year, 9% bonds at 104, with interest payable annually January 1. The straight-line method is used to amortize bond premium. Prepare the journal entry to record...

For 20 years, Anne has owned and operated a riverside restaurant called The Riverside. Anne rents the property from Landlord Bob. Business was booming and Anne is on her way to becoming a billionaire....

Alpha Company has provided projected information as follows: Net sales $10,000 Fixed manufacturing costs $1,000 Additionally, Alpha has exper...

Alpha company anticipated unit sales of widgets are January, 5,000; February, 4,000; and March 8,000. Alpha consistently maintained finished goods inventory at 80% of the following month's sales. Use ...

Tom and Jerry are going to start an ice-cream business in which they both will participate on an active basis. Limited liability is a significant factor for the owners, but equally important is the mi...

Hello, I cannot figure out the final piece of this question. Can you help me figure out how to answer it? Problem 4-28 Your answer is partially correct. Try again. Sheffield, Inc. manufactures ergonom...

53. The fourth pair of columns on a 10-column work sheet prepared at the end of the period would be the A. Income Statement columns. B. Adjusted Trial Balance columns. C. Balance Sheet...

Accounting class example Biff enterprise Ltd establishments a petty cash fund in the amount of 3,500 on November 1,2019 by November 30th 750 remaining on the funds biff analyzed the petty cash receipt...

Can you help me Pleas Question 03 Cassini Pty Led Variance Report YTD 31. 3. 2017 Account Year to Budget Company's " Variance date recommendation Variance*$ UIF Motor Vehicle EXPENSE 55, 000 56, ...

can you Please help me? Question OZ The following estimates have been provided for Martin's Bicycle Shop : Pessimistic forecast Most likely forecast Optimistic forecast Sales $400, 000 $520 , 000 $600...

i am struggling at figuring out these ratios for 2021. Can someone help me figure out what to do here. 12 Exercises (Static)i PLASMA SCREENS CORPORATION Balance Sheets December 31, 2821 and 2020 2021 ...

What are the major differences between government accounting and for-profit business accounting? Be sure to consider accounting standards, statements, and reporting. What are the reasons behind these...

i need help figuring out these risk ratios for 2021. My math keeps getting me the wrong answers. Can you provide where the numbers are coming from. 12 Exercises (Static)i PLASMA SCREENS CORPORATION Ba...

1i]. Bonuses, sick leave, and employee meals are examples of a. Payroll allocations b. Payroll tastes c. Salary deductions d. Tait—free income 11. Which of the following is not part of the operatio...

TruefFalse Cheese the letter of the best answer to the questions. listed below. 1. An annual budget always includes 12 due—month periods. b. True c. False

7 . Which of the following is not Essential information to have when preparing all operations budget ?" a. Knowledge of the organization's financial objectives D. Assumptions about the next peri...

True / False Choose the letter of the best answer to the questions listed below . 1 . A trend is directional movement of data over time* a . ITLIE False

7 . Using 1096 as an Estimated increase }6 for next year , what is Willie's quest count forecast for NEXT Year , based on this Year's count ?" a . 98, 034 93, 725 [ . 108 , 422 Q . 91 , 912 8 . ...

Comprehensive: Errors; Soon after December 31, 2016, the auditor requested a depreciation schedule for trucks of Jarrett Trucking Company, showing the additions, retirements, depreciation, and other d...

What are the characteristic of a DAX Calculated function in Power BI? Does it increase file size, Is it fixed, can it be used in relationships, and can it be used for slicers? Should it be used in cal...

1. Which ot the toilowing is not a basic truth about forecasts? a. Forecasts rel};r on historical data. h. Forecasts must he exact to he effective. c. Forecasts involve the future. (1. Forecasts are ...

Can I get help figuring out the net cash flows from financing activities. I keep mixing numbers up. Can you show me which numbers I'm suppose to be using.

Can I get help figuring out the net cash flows from financing activities. I keep mixing numbers up. Can you show me which numbers I'm suppose to be using. Check my Dristell Inc. had the following acti...

How do you come up with this calculation? Y a. cost of original pet bed = $45 — $15 = $30 15 markup percentage = ii}. = 50% markup on COG price of high-end bed = $58 X 1.5 = $87

23. Lester rents his vacation home for 6 months and lives in the home during the other 6 months of 2016. The gross rental income from the home is $4,500. For the entire year, real estate taxes are $8...

Continuous Problem 6-1 6-C. Part 1 . Internal Service Fund Transactions The Stores and Service Fund of the City of Monroe had the following account balances as of January 1, 2017: Debits Cr...

What is the formula to find this answer? (e) Assume that ErgoFurn sold 15,000 computer caddies, 12,000 chairs, and 4,500 desks December. Calculate Cost of Goods Sold for the month of December and the ...

T. The Viper retires a $49.3 million bond issue when the carrying value of the bonds is $53.2 million, but the market value of the bonds is $47.7 million. The entry to record the retirement will incl...

The Numo Company, which was acquired (and renamed) in 2003 by E. R. Numo, sells frigets to multinational firms. In 2017 a venture capital firm provided additional funding in order to allow the company...

(1) On April 1, 2017, Numo issued a five-year, $400,000, non-interest bearing note to the venture capital firm and received $248,368 in cash, which reflects a 10% market yield. For financia...

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accounting. Now you are to create at least 1 Essential Question you think will help you with the completion of your portfolio project. Briefly discuss how your questions will guide the development of...

Which of the following is not a true statement? Multiple Choice A specific legacy is a gift of personal property that is specifically identified. The laws of descent convey personal property if an ind...

Need help with my chapter 7 Payroll project. The book is Payroll Accounting 2019 Edition. The author is Bieg & Toland and the isbn is 9781337619776. I need the payroll register, journal, general l...

I need the answer of the 3rd question please Health Provider (the "company"} offers health—care—related services. To reduce administrative obligations and to allow for additional ﬁnancing...

[ Conceptual ] You are looking at your portfolio holdings . You notice that Sandor Defense Contractors is up 10 % , while Bolton Enterprises is down 10 % . You are happy with the Sandor gain , but you

On January 2, 2004, a calendar-year corporation sold 8% bonds with a face value of $1,500,000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds...

For audit evidence to be compelling to the auditor it must be sufficient and appropriate . Which statement below is not correct regarding the appropriateness of audit evidence ?

Hello, I need help figuring the Supplier line and Operating expense line. I have a provided total Condensed financial data of Sage Hill, Inc. follow. Sage Hill, Inc. Comparative Balance Sheets Decembe...

1. Given the following information for Goode Company: May 1 Beginning inventory 18 units @ $4 per unit May 7 Purchase 12 units @ $5 per unit May 10 Sale 14 units May 17 Purchase 10 units @ $6 per ...

need help with assignment. we are using analysis ratios ACC 122 Final Case Study - Financial Statement Analysis Smith Company Comparative Income Statements 2014\ 2013 BLOZ 2:019 2017 2010 2015 Sales 1...

4. At 1 July 2016 Goliath Ltd held inventory that it had purchased from David Ltd on 1 June 2016 at a profit of $8000. All inventory was sold by 30 June 2017. 5. David Ltd accrues dividends from Golia...