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Financial Accounting questions and answers in September 2022

 . More info Mar. 23 Issued 240 shares of $2 par value common stock for cash of $18 per share. Apr. 12 Received inventory with a market value of $23,000 and equipment with a market value of $15,000 f...
Every time we prepare closing entries, usually monthly or quarterly, management can then review financial statements to make decisions.   Based on your understanding of the accounting cycle, what doe...
The owner can calculate the income of the business for the current period and can compare the income for the current period to that of the prior period.   This information helps the business owner ma...
https://www.sec.gov/Archives/edgar/data/51434/000119312517244327/d403970d424b5.htm   Question: Briefly describe the covenants. Why are they placed?  
 . Butstanding, SC = stockholders equity, sills = stares. Round earnings per share to tile Ave. common SE Ave. # common shrs OS Average total assets Market price per share Net income Preferred divide...
 . A, B, and Care partners in X Partnership. A and B are capitalist partners, with capital contributions of P12,000 and P6,000, respectively. C is an industrial partner. Determine each of the partner...
Could you please answer just all of question c please. CST2001 Financial Modelling Spreadsheet Project Task $2 2022 b. [6 marks] Use Goal Seek to find the value of r. c. [12 marks] i. Calculate Jen's ...
A machine was purchased for $37,000 and depreciated for five years on a straight line basis under the assumption it would have a ten year life and a $1,000 salvage value. At the beginning of the machi...
Connelly Pty Ltd, placed a Purchase Order with a new supplier Plant Supplies Pty Ltd for gardening supplies as below. Prices quoted are excluding GST. You, as the Accounts payable officer at Connelly ...
 . 1. How is the cost of a lump-sum purchase allocated to the individual assets acquired? Provide a simple example of how the allocation would be performed if your company paid $1,200,000 cash in tot...
I need to have 8 adjusting entries; additional info was given for only 5 of them. I don't understand 2b from the additional info. The 8th entry has to involve loss of shrinkage and I don't know how to...
Create the statement of Cash Flow      . Income Statement TACO XPLOSION YEAR 2021 Financial Statements in U.S. Dollars Revenue Gross Sales $ 143,400.00 Less: Sales Returns and Allowances Net Sales ...
 . X Bb Slide 1 Excel Virtua Katalog UJ Onet.pl - Polski P.. . Airliners. net | Airp... ORRENT UNIVERSITY AUSTRALIA ted to fenew Steve's ernes. Ano Y appropriate Jdress the following Jalso identity a...
Hello, I need help with this question and researching for Autodesk, Inc company and Dassault systems Obtain the four-digit primary SIC (Standard Industrial Classification) Code and industry title for ...
would like to know how Q24 (Continuation of Q23) is calculated? Q23 - Last year Injustice League Services purchased and installed a new X1600 Wall-E Super-Smasher used in compacting cars, SUVs, and sm...
1. Communication objectives are specific goals related to the retail communication mix's effect on the customer's decision-making process. True or False 2. A cooperative (co-op) program is a promotion...
Help with question. Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 13 units at $39 Feb. 17 Purchase 15 units at $40 Jul. ...
Which of the following statements is correct? Group of answer choices   Flotation costs under a best-efforts arrangement typically are less for a given new equity issue than the costs associated with...
Which of the following statements is correct? Group of answer choices   Flotation costs under a best-efforts arrangement typically are less for a given new equity issue than the costs associated with...
Compute the NPV statistic for Project Y if the appropriate cost of capital is 12 percent. Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round yo...
Annuities  1)You would like to have $37330 in 18 years..  If the rate is 7.19%, how much do you have to invest each year? 2) You would like to have $31176 in 18 years.  If the rate is 9.56%, how ...
Hello, Can you please help with adjusting entries and balance sheet?   Thank you!. Asset Accounts Liability Accounts Equity Accounts Acct # Acct # Acct # Cash 101 Notes Payable 201 Common Stock 301 B...
Hello I need help creating the adjusting entries, there should be 8 in total and one of them involves a loss in shrinkage. Please help me, I've already done the journal entries for all the dates, just...
​(Present value of a complex stream​) Don Draper has signed a contract that will pay him $60,000 at the beginning of each year for the next 8 ​years, plus an additional $110,000 at the end of ye...
On april 1, 2020, a company discared a computer that cost $15,000 and that had a useful life of 4 years. and a salvage value of $1,000. Based on straight line depreciation, the accumulated depreciatio...
 . On July 1, 20X1, when the market interest rate was 3%, ICF Ltd. issued a bond with a par value of $190,000 at a price of 113. Interest on the bond is payable annually on June 30 at a stated rate o...
Can u help me with that? Your job role is an accounts receivable clerk and you are responsible for producing monthly financial reports for your organisation. After you have produced the report and cir...
I would like assistance with the following questions please and thank.. 3. At the end of the next two years, Lee Delivery Company reported the following amounts on its statements of financial position...
I would like assistance with the following questions please and thank you :) 1. Post the above transactions into the appropriate t-accounts, begging balance is $0 for all accounts. 2. a classified sta...
I need help with this problem. a. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if uni...
Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales tran...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $100 Mar. 10 Purchase 60 units at $108 Aug...
Required information [The following information applies to the questions displayed below.] t3 of 4 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sa...
 . ABA Ltd. planned to issue a 4-year bond with a par value of $80,000 on January 1, 20X1 but was not able to sell that bond until April 1, 20X1. The bond has a stated interest rate of 6% and the mar...
Help in this problem please. Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 20Y7 20Y6 Cost of goods sold $3,6...
 . X More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% o...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $49, 000 cash and computer equipmen...
How would you use marginal benefit and marginal cost analysis to determine the correct sentence length for a particular crime?
Can not find the answer. FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: Beginning inventory 20 units at $45 Sale 11 units ...
I need this in this problem. 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 ...
Hello, I need help with this assignment in creating the adjusting entries, they should be 8 in total, and the last adjustment should be loss in shrinkage. I also need help doing the closing entries. ...
 . Chapter 1 Ratio Discussion — Return on Assets - The initial analysis should include the following: o The ratio equation o The calculation ofthe ratio using the equation and the ore—assigned Qu...
Assess Vodafone group plc  international performance in light of Cultural Barriers, Monetary Exchange Rates, and Political Instability and Assess the financial performance and condition of the Operat...
A positive trait for each section A negative trait for each question And how they can answer in a better way for each one Need it asap , thank you. TIME BY NORM FEUTI FOR DESIRED SALARY, NOPE. IT'S YO...
Harowitz Company purchases a trademark for $60,000 on January 1, 20X4 from Garrison Corporation, but will not pay for it until 2 years from that date. Interest is not explicitly stated in the contract...
The most expensive NFT "CryptoKitty" sold for more than one dollars. A/
ACCOUNTING FOR BUSINESS COMBINATION DATE OF ACQUISITION  . On June 1, 2020, F Company acquired 80% (800,000 shares) of H Company for P8,400,000. A control premium of P400,000 is included in the consi...
ACCOUNTING FOR BUSINESS COMBINATION DATE OF ACQUISITION  . On January 2, 2020, the Statement of Financial Position of Asgard Company and Guardian Company immediately before the combination are: Asgar...
 . Sheridan Railroad Co. is about to issue $120,000 of 8-year bonds that pay a 5.00% annual interest rate, with interest payable semi- annually. The market interest rate is 6%. How much can Sheridan ...
ACCOUNTING FOR BUSINESS COMBINATION DATE OF ACQUISITION  . The following Statement of Financial Position were prepared for A and B Company on January 1, 2020, just before they entered into business c...
Part 1 (Use the annual report of pepsiCo. Assume that one of the fixed assets listed in your company's balance sheet will be disposed of.  Please provide the journal entry for the disposition of that...
ANSWER QUICKLY PLEASE.    . Question 1 (1 point) Saved The transaction below affects BOTH the accounts named. Took out a loan from the bank and received $12,000 cash: Bank Loan Expense, Cash. @ 1) T...
Robinson starts a plumbing service named Crusoe Waterworks. Transactions of Crusoe Waterworks during the first year of operations are given below: A) Robinson deposited $7,000 into a new checking acco...
Please provide text answer. Richardson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012] 2011 2012 Cash 200 100 Accounts receivable BOO 1,400 Inventory 3,600 3,100 Current assets 4...
Mother Earth delivery service had the following selected transactions during December: Received cash from issuance of common stock, $25,000 C Paid rent expense for December, $3,000 E Paid advertising ...
I need help with this problem. Periodic inventory using FIFO, LIFO, and weighted average cost methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 17 units...
Hello I need help with this assignment in creating the adjusting entries,  they should be 8 in total, as stated in the instructions. I have done the journal entries for all the dates, please let me k...
I am having trouble resolve this problem. Perpetual inventory using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: July 1 Inventory 102 units @ $28 July 8 Sale 82 units ...
Carryon Company sells a product and a 12-month service package for that for a combined price of $840. Separately, the product and the service sell for $300 and $700, respectively. At the time of purch...
Mr White established a Van Rental business, Joy Ride, on June 01, 2020.             During the month of June, the following transactions have occurred:             (Assume all cash used ar...
Mr White established a Van Rental business, Joy Ride, on June 01, 2020.             During the month of June, the following transactions have occurred:             (Assume all cash used ar...
which to fill in these five blanks ? thank you. The Reserve Bank of Australia intervenes in the currency market to improve the Wholesale market transactions 3 value of the Australian dollar Dick Smith...
 . Question 7 (1 point) On April 1, 20X1 CFA Ltd. purchased equipment with a fair value of $20,000 by issuing a 3- year non-interest-bearing note with a maturity value of $24,000. No market interest ...
 . Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) 2021 Operating Activities $ fill in the Net income blank 24 fill in the blank Depreciation and amortization 25 fill in the...
 . Prepare the problem below using Excel. Upload the workbook using the link. 1. (32 points) The adjusted trial balance of Blackwell Financial Planners appears below. Using the information from the a...
The following balance sheet information is available (amounts in $ thousands and duration in years) for a financial institution:                                    ?...
This is for week 4. I need help in doing journal entries and general ledgers posts that compute the write off of Argus, using the direct right off method. I also need help in computing and post the de...
help please ! will give perfect answer rating / review     . A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&lau C + McGraw-Hill Connect M Question 3 - Chapter 9 Homew...
Think about your capability to earn money, and how the "time value of money" concept affects your life.  Specifically, for this assignment consider how much the average person your age could earn wit...
PLEASE FOLLOW:  PROVIDE REFERENCE / LINKS PROVIDE CLEAR DISCUSSION NEED ASAP NO PLAGRISM PLEASE FOLLOW FORMAT FORMAT ANSWER DISCUSSION REFERENCE 1. On December 31 , 2014 , compute for the following ...
.They incurred administrative expenses of $100,000 paid for in cash. The also incurred selling expenses of $80,000 to which they paid $76,000 to employees in cash this year and will pay $4,000 in Janu...
Help please ! Will give perfect answer rating / review   . I) a I] McGraw»Hlll Connecl Chapter 9 Homework-Algo o 14 1.66 points Skipped References Required Use the following information to prepare ...
PLEASE FOLLOW:  PROVIDE REFERENCE / LINKS PROVIDE CLEAR DISCUSSION NEED ASAP NO PLAGRISM PLEASE FOLLOW FORMAT FORMAT ANSWER DISCUSSION REFERENCE   How much is the consolidated net income for the yea...
Liverton Co.'s income statement for the year ended 31 March 2019 and statements of financial position at 31 March 2019 and 2018 were as follows:    Liverton Co.: Income Statement for the year ended ...
 . 12-4. Matchmaker Cards (MC) has $30 million in assets and EBIT equal to $3.5 million. If MC's debt ratio (D/TA) is 60 percent, the interest it pays on its debt is 11 percent and there will be 400,...
You are a Financial Planning and Control Manager at FreeAir Ltd, a leading manufacturer of fans used in air conditioning systems. The company is located in Liverpool, UK.    In the year ended 31 Mar...
Acme sold $600,000 dollars of bricks for cash and $150,000 accounts receivable. Cost of goods sold was 40%. Account DR CR                              
5-1 FUTURE VALUE If you deposit $2,000 in a bank account that pays 6% interest annually, how much will be in your account after 5 years? 5-2 PRESENT VALUE What is the present value of a security that ...
Consider the following loan. Complete parts​ (a)-(c) below.   An individual borrowed ​$84,000 at an APR of 6​%, which will be paid off with monthly payments of ​$574 for 22 years.     Quest...
document is Session Plan Template. part of the supporting assessment resources for Assessment Task 3 of BSBDIV501. Activities/Group work Time allocation Training Aids and Resources Notes/details
Cullumber Company estimates that variable costs will be 75% of sales, and fixed costs will total $739,500. The selling price of the product is $6.     Calculate the break-even point in units and dol...
An intangible asset with a five-year useful life and no residual value is bought on January 1, Year One, for $4 million. However, the purchase is made with a future cash payment that has a present val...
The following information is from Marchant Manufacturing Co. for September: Direct materials used in production $190,000 Direct labour $134,000 Total manufacturing cost $468,000 Raw materials inventor...
Selected transactions for Blossom Company are presented below in journal form (without explanations).   Date   Account Title   Debit   Credit May 5   Accounts Receivable   2,600           ...
 . Malcolm Figueroa is a sales employee of Carefree Pools and Spas, Incorporated. In 2021, he was issued a company car with a fair market value of $35,000. He drove a total of 22,000 miles; used the ...
Thirty-year B-rated bonds of Parker Optical Company were initially issued at a 16 percent yield. After 5 years the bonds have been upgraded to Aa2. Such bonds are currently yielding 14 percent to matu...
 . For Wildhorse Co., beginning capital balances on January 1, 2022, are Nancy Payne $22,400 and Ann Dody $16,500. During the year, drawings were Payne $8,600 and Dody $4,100. Net income was $32,500,...
Please guide me through this question  . @fl Wordtun x | s fini 9 Pearson A07 Sole Proprielorship , Googie Chrome (_ 9 C 0 open' fl actpearsoncmgcom/tryW1 Take a Quiz/Test E 20220928_18243.. mp4...
1. The high/low pricing strategy helps sell slow-moving merchandise. True or False   2. The break-even point quantity is the quantity at which total revenue equals total cost, beyond which profit occ...
With this in mind pleases indicate whether a Dr or Cr are needed to increase and decrease account and whether it is a balance sheet or income statement account.  Account Increase Decrease BS or IS Ex...
Martinez Architects incorporated as licensed architects on April 1, 2025. During the first month of the operation of the business, these events and transactions occurred:   Apr. 1   Stockholders inv...
Carla Vista Company makes radios that sell for $90 each. For the coming year, management expects fixed costs to total $314,000 and variable costs to be $45.00 per unit.   Calculate the break-even poi...
 . Exercise 2-10 (Algo) Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the cu...
Short-Run Costs Labor: 0 1 2 3 4 5 6 7 8 9 Output: 0 3 12 30 60 85 105 120 130 135 In this scenario, since we only have two inputs (Capital and Labor), and since the amount of capital is fixed (at 2 u...
This documentary examines the collapse of Enron, possibly the most startling instance of corporate wrongdoing in recent history. The firm is implicated in a number of criminal operations, including th...
Preston Corporation has a bond outstanding with an annual interest payment of $80, a market price of $1,230, and a maturity date in 10 years. Assume the par value of the bond is $1,000 What is the cou...
1. Martinez Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred: Apr. 1   Stockholders inv...
The Florida Investment Fund buys 70 bonds of the Gator Corporation through a broker. The bonds pay 8 percent annual interest. The yield to maturity (market rate of interest) is 10 percent. The bonds h...
Gary Collins owns Collin's Collectibles, which sells high-end collectibles from around the world. Sales on credit in Year One were $2,538,100. Gary estimates that $76,000 of the credit sales will not ...
Output (units)              Total cost ($)     200     7,000 300    8,000 400                                  9,000     Required: (a) Calculate the variable cost p...
Suppose that on January 1 you have a balance of ​$2500 on a credit card whose APR is 15​%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January...
Q2. The following information is supplied to you: Standard time for a month :4000 hours Standard wage rate : $.2.25 per hour Number of laboure$ employed : 30 Average working days in a month : 25 No. o...
Q 1. Question 1 : The standard mix to produce one unit of product is as follows: Material A 60 units @ $ 15 per unit Material B 80 units @ $ 20 per unit Material C 100 units @ $ 25 per unit During the...
On December 31, 2020, Dyer Inc. completed its first year of operations. Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income statem...
 . Question 7 of1O < > (To reverse the incorrect entry.) (To record the correct entry.) (To reverse the incorrect entry.) -/30 1— z— :—. Question 7 of1O < > (To reverse the incorrec...
Bob quit his job on July 31, and he received a payment of $550.00 for accrued vacation. The vacation payment is paid on a separate cheque from his regular weekly salary. Bob has federal and Alberta TD...
I would like assistance with the following questions please and thank. Using the information below: 1. Post the t-accounts for each of the accounts on the statement of financial position and enter the...
Suppose that in the past year your only deductible expenses were ​$4000 in mortgage interest and ​$4000 in charitable contributions. If you are entitled to a standard deduction of​ $6100, then t...
A castle built for the man who founded the town of Redstone, CO, can now be yours, for $19.75 million. (Sherman, T.) A coal magnate, John Cleveland Osgood , built the castle for his wife near the tow...
 . |:> Question 2 1 pts At Bank A, it takes 8 years for a deposit to double at an annual effective interest rate of 23. At Bank B, it takes 13 years for a deposit to triple at a constant force of ...
Based on Rhode Island Health Plans - Assessing HMO Performance , answer the following questions (A similar analysis has been conducted in the Goth Medical Center reading material): How would you use t...
Python. Create a list of friends by first name only, a list five elements long. Print the list. Print the first element separately. Print the last element separately. Insert two new friends into the l...
Question 2 (CORPORATE FINANCE) Linda's Drive-through Lumber Express has a target capital structure of 60% common stock, 30% debt and 10% preferred stock. The cost for retained earnings is 15% and the ...
What problem may exist in determining the amount realized for an investor who exchanges common stock of a publicly traded corporation for a used building? How is the problem likely to be resolved? Res...
The public good nature of accounting information and the free rider problem Another argument against regulation is that information not voluntarily disclosed by the firm is obtainable through private...
My teacher said he didn't see the answer here.. Q3 - You have forty work years before you hit 72, hypothetically. How much will you need to save MONTHLY to reach the saving target above. This time sim...
XYZ Co. has 7,350 bonds with a price of $925, 15,000 shares of preferred stock with a price of $55, and 250,000 share of common stock with a selling price of $32. Calculate the capital structure weigh...
 . During the first month of operations, the following transactions occurred for Sandhill Inc.: Apr. 1 Invested cash of $10,000 and equipment of $5,500 in the company in exchange for common shares. 1...
 . roblem Hufflepuff Hospital has $595,000 of accounts receivable at December 31, 20X8. It is estimated that 11.4 percent of these accounts will be uncollectable by reason of charity care, 34 percent...
The lease term is 4 years. The lease is noncancelable and requires annual rental payments of $50,000 to be made at the end of each year.   2. The equipment costs $130,000. The equipment has an estima...
Indicate which financial reporting element the following account belongs in. Interest expense
Indicate which financial reporting element the following account belongs in. Travel and entertainment expense
 . Question 16 1 pts Which of the following statements is/are true: 1: ABC costing assigns overhead from activity cost pools to products or services by means of cost drivers. Il: Inaccurate product c...
Indicate which financial reporting element the following account belongs in. Interest payable Question 10 options:   1)  assets   2)  expenses   3)  liabilities   4)  revenues   5)  equity ?...
 . 148 PROBLEM SIX - DISPOSING OF ACCOUNTS RECEIVABLE 3 journal entries PROBLEM SIX - DISPOSING OF ACCOUNTS RECEIVABLE 3 journal entries 149 150 151 Garcia Company has accounts receivable of $ 1,000 ...
 UC Health System is evaluating two competing capital projects for FY2024. The following  data was provided by HIM and the Medical Imaging Department. You are the Financial Analyst  assigned to com...
To check the calibration, if you are using Excel, you should get an NPV of $44,552. If you get $40,502, the issue is with your Excel function; The cash flow for time 0 was left out. The correct Excel ...
What is the difference between equity financing and debt financing, including the pros and cons of  each.
The transaction below affects BOTH the accounts named. Paid off your credit card bill, $2,843: Accounts Payable, Cash.
Examine why education of the client is important to both nursing care and safe patient care  Reflect on teaching and learning principles of the adult  Identify common barriers and resolutions to pat...
  PROBLEM THREE - ACCOUNTS RECEIVABLE 3 journal entries       PROBLEM THREE - ACCOUNTS RECEIVABLE   3 journal entries                                                    ...
Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown.   Laiho Industries: Balance Sheets as of December 31 (t...
The transaction below affects BOTH the accounts named. Paid cash of $350 to repair the office's door: Prepaid Expense, Cash.
1. Identify the financial regulations that led to consolidation in the domestic banking sector.    2. Discuss the characteristics of DDAs and how they are beneficial to cash management.    3. Disc...
                              PROBLEM ONE - PETTY CASH  3 journal entries        PROBLEM ONE - PETTY CASH  3 journal entries                                     ...
Question 2 4J Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries to record the following transactions during the month of Marc...
What are some examples of evolving risks which CFOs have to face today, and in the future? What emerging risks do CFOs face?  Finance - Ebook_EDITS_V2.pdf Download Finance - Ebook_EDITS_V2.pdf   
1. Total of Retained Earnings. In millions of CAD (2 decimal places if needed, if negative please indicate as follows -2.64 ): Ans:    2. Total of Depreciation, Amortization and Depletion Expenses....
Which of the following characteristic of a country with a planned economic system?
Discuss the significant activities that an examiner of a bank will perform in conducting a general examination and special investigation. 
You are going to receive gifts of $500 in 1 year, $400 in 2 years, and $1000 in 3 years... At a discount rate of 5%, what is the total value of these gifts today? Answer to the nearest penny
Tesla had a goal of delivering 500,000 vehicles in 2020. By the end of 2020, it had delivered 499,550 vehicles. This shortfall suggests the need for more effective _______. Group of answer choices pla...
need least three strategic objectives for each of the four balanced scorecard areas For STARBUCKS (Example in each 1) Financial Objectives Measures Targets: Timeline/ Metrics Increase market share Tot...
A hospital's budgeted volume for calendar year 2024 is 220,000 procedures, and each FTE can do 8,700 procedures a year. A pay raise will be given to all staff on May 1st of each year at a rate of 6 pe...
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information:   She received $102,000 in salary. She received...
You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job...
Check WAR (We Are Rich) has been in business since 1989. WAR is an accrual-method sole proprietorship that deals in the manufacturing and wholesaling of various types of golf equipment. Hack & Hac...
Accounting DEF, LLC. owns a piece of real estate with 704(b) book basis of $350 and adjusted tax basis of $100. At the end of the tax year there is a non-recourse liability on the real estate in the a...
1. Explain and state what current assets and fixed or long-term assets consist of. 2. Explain and state what current liabilities and long-term liabilities consist of.  3. What is Net Worth and which ...
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information:   She received $102,000 in salary. She received...
 . Quiz testing Weeks 1 & 2 1 Saved Help Save & Exit On September 1, 2015, Richard started a small business called "Ricky Rock Wrestling for Fun". "Ricky Rock" offers a pa...
Value the entire company. What is Mr. Clarkson's equity interest worth?. Average Projection Assumptions 93-95 1996 1997 1998 1999 2000 Sales 5,500 Sales growth rate 24.5% 21.7% 20% 15% 10% 5% CGS/Sale...
WAR (We Are Rich) has been in business since 1989. WAR is a sole proprietorship based on accrual style that deals in the manufacture and wholesale of various types of golf equipment. Hack & Hack C...
Penguin Network Warehouse, LLC ("PNW, LLC") acquired the following assets last year: Industrial Refrigeration Equipment January 23 Network Server Computer Equipment May 4 5 Points Office Furniture Jun...
 . Question 1 of10 > _ / 5 ;: View Policies Cu rrent Attempt in Progress At the beginning of 2022, Hold Steady Company had total assets of $520,000 and total liabilities of $250,000. Answer each o...
As indicated in the reading, U.S. GAAP requires the use of historical cost for valuing most assets while IFRS permits the use of fair value. Using the first letter of your last name, answer the questi...
 . During 2023, Martinez Furniture Limited purchased a railway carload of wicker chairs. The manufacturer of the chairs sold them to Martinez for a lump sum of $58,800, because it was discontinuing m...
Q1: Establish procedures to guarantee substantiation of claims for allowances
Joseph Ray just received an inheritance of $27,500 from his great aunt. He plans to invest the funds for retirement. If Joseph can earn 3.75% per year with quarterly compounding for 30 years, how much...
Stuart's father is 55 years old and wants to set up a cash flow stream that would be forever. He would like to receive $15,000 every year, beginning at the end of this year. If he could invest in acco...
Question 6 Many estimates and judgments were made about the fair value of current assets. property and equipment, and other intangible assets. Talbots might have judged these to have greater fair valu...
Cassandra Dawson wants to save for a trip to Australia. She will need $12,000 four years from now. She will invest a certain amount each year (total of 4 payments) in a bank account, starting from tod...
the journal entry to record a cash merchandise sale is the following  
  Company Starbucks   Strategic objectives are a measure of attaining your vision and mission. They reflect the vision, mission, and values of the business, as well as the outcomes of the internal a...
Ryan Campbell has invested in a fund that will provide him a cash flow of $13,700 for the next 20 years. If his opportunity cost is 8 percent, what is the present value of this cash flow stream? (Roun...
Joe and Mary are on fixed income. They took out a 15 year balloon loan in 2005 and received an $89,250 loan at 6.89% interest from a lender. After fifteen years of paying $587 a month for a total of $...
One way to accelerate receivable collections is through an arrangement with a [Type your answer here)
How would a 25-year-old's recommended retirement account asset allocation differ from a 60-year-old's when it comes to a mix of stocks and bonds?
Analyze the significant trends for the 3 years for Apple's liquidity. Include the inventory valuation method the company uses, as well as the policy for credit and collection and the effect these have...
Fargo Company paid in full for an annual rental lease on September 1  in the amount of $16,440 and immediately made an entry debiting Rent Expense and crediting Cash for the entire amount.  Fargo's ...
If the real rate of interest is 2.4% and the nominal rate of interest is 3.3%, the rate of inflation is forecast to be approximately (use simplified Fisher Equation)
get one source talking about why is it important to think critically about what others told you 
show how to do it. Miami Bicycle Company recently reported $172,500 of sales, $140,500 of operating costs other than depreciation, and $9,250 of depreciation. The company had $35,250 of outstanding bo...
What happen when the PIB of a country start to going down?
show how to do it. Key West Marina's sales last year were $425,000, and its year-end receivables were $52,500. The firm sells on terms that call for customers to pay 30 days after the purchase, but so...
ABC CORPORATION OPERATING BUDGET QUARTER 1             PRIOR QUARTER BUDGETED PROJECTION NEXT QUARTER VARIANCE VARIANCE (%)           Revenue         Sales Revenue 10,000,000.00 15,000,...
Bruno is employed as an executive and his wife, Luisa, is a self-employed realtor. Besides Bruno's salary, Bruno and Luisa own a warehouse that they rent to a local business for storage. This year the...
 . Date Transaction July 1 Owner invested $100,000 cash into the business. July 2 Purchased equipment on account for $10,000 plus $100 installation. It has a life of 4 years with zero residual value....
Enzo is an unmarried law student at State University, a qualified educational institution. Last year Enzo borrowed $30,000 and used the proceeds to pay his university tuition. This year Enzo paid $1,5...
Bertoli Company showed the following balances at the end of its first year: (L01)   Cash                                    $  4,000 Prepaid insurance       ?...
Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for t...
Assume a firm's inventory level of $12,500 represents 35 days' sales. Required: a. What is the annual cost of goods sold? (Use 365 days in a year. Do not round inte answer to whole number.) b. What is...
This fall Joanna finally repaid her student loan. She originally borrowed the money to pay tuition several years ago, when she attended Siena University (a qualified educational institution). This yea...
Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities. Mortgages are the reverse of annuities, because you get a lump-sum amou...
6. Future value of annuities There are two categories of cash flows: single cash flows, referred to as "lump sums," and annuities. Based on your understanding of annuities, answer the follow...
Practice: Wk 4 Practice Questions [... (i Saved Which of the following statements always apply to corporations? (You m box with the question mark to produce a check mark for a correct ans mark to empt...
What are the differences between direct evidence and circumstantial evidence and provide an example of each type of evidence. Which type of evidence is more persuasive in a court of law? 
 . Question 14 of 16. Team members are responsible to the team leadership for all of the following EXCEPT: Determining how the Should-cost savings should be reinvested. Taking ownership of the charte...
Help Beta Company started the year with a balance of zero in supplies. It bought supplies of $1,960 during the period but erroneously recorded the purchase as $1,096. All of the supplies were consumed...
 . Question 9 of 16. What is one of the Should-cost Better Buying Power initiatives implemented by DoDI 5000.02? Proactively target cost reduction. Specify Statement of Work requirements. Encourage B...
 . Question 12 of 16. Action taken to reduce future costs that are not currently in the program's budget baseline (e.g. replacing parts before they fail and cause damage to other parts) is: Budget sa...
 . AC Lid. Has collected the following data and asks you to prepare the Balance Sheet at 12/31/20X2: Balance Sheet Items 12/31/20X2 12/31/20X1 Accounts Payable to Suppliers $29,000 $ 27,000 Accounts ...
 . Beta Company started the year with a balance of zero in supplies. It bought supplies of $1,750 during the period but erroneously recorded the purchase as $1,075. All of the supplies were consumed ...
 . The balance in the Prepaid Advertising Account on October 1st for Modern Company was $2,400. On December 1st it renewed its advertising and promotion contract with the Direct Sale TV channel for 3...
If you can earn 4% how much will you have to save each year if you want to retire in 35 years with one million?
Fargo Company paid in full for an annual rental lease on September 1  in the amount of $17,280 and immediately made an entry debiting Rent Expense and crediting Cash for the entire amount.  Fargo's ...
The balance in the Prepaid Advertising Account on October 1st for Modern Company was $480. On December 1st it renewed its advertising and promotion contract with the Direct Sale TV channel for 3 more ...
I need help with preparing the post-closing trial balance at July 31.
List the management assertions inherent in the financial statements.  Then, identify how a violation of each assertion would impact the account and/or the financial statements and explain why it woul...