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Post a New Question | Current Questions | Live Experts
Homework Help: Business: Accounting
Recent Homework Questions About Accounting
Post a New Question | Current Questions
| Accounting |
| started the accounting period with $30000 in cash assets, $18000 of liabilities and 4000 - common stock. During the yer earned $48000, paid cash expenses of $32,000, paid a cash dividend to stockholders - $2000. Aquired $10,000 addition cash from sale of stock and paid $6000 c... |
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| accounting |
| How do T-bills assist a company in meeting its cash management goals? Is it that they are easier to cash in, their maturity rate is quick, and are issued on a daily basis? |
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| Accounting |
| 13-22 Martin Shoes, Inc. (Planning a Database Using REA and E-R Methodology) Martin Shoes, Inc., manufactures and distributes orthopedic footwear. To sell its products, the marketing department requires sales personnel to call on the shoe retailers within their assigned geogra... |
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| accounting |
| A paraglider manufacturer makes a standard model and a custom model. using the companys activity-based costing system compute customer margin. activity cost pool activity rate Supporting manufacturing $20 perdirect labor-hour Orderprocessing $194 per order custom designing $26... |
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| accounting |
| 14. Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. |
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| Accounting |
| How do you determine the ending work in process inventory, in cost accounting |
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| Cost Accounting |
| Case 1 Direct Materials Used $8,300 Direct Labor 3,000 Manufacturing Overhead 6,000 Total Manufacturing Costs (a) Beginning Work in Process 1,000 Ending Work in Process Inventory (b) Sales 22,500 Sales Discounts 1,500 Cost of Goods Manufactured 15,800 Beginning Finished Goods ... |
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| Cost Accounting |
| Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Case 1 2 Direct Materials Used $ 8,300 (g) Direct Labor 3,000 $ 4,000 Manufacturing Overhead 6,000 5,000 Total Manufacturing Costs (a) 20,000 Beginning Work in Process Inventory ... |
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| accounting |
| Marina Sailboats reports income before income taxes of $80,000 during 20x7. If beginning inventory was overstated by $7,000 and ending inventory was understated by $8,000, calculate corrected income before income taxes for the year. (Show your work.) |
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| accounting |
| Malissa is an accountant. Sometimes printouts of financial statements have errors and are not usable. Malissa doesn't like to waste anything, so she takes the unusable financial statements to her son's day care center to use for drawing paper. Explain why you think this is or ... |
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| Accounts |
| GT Ltd provides you with the following information at 30.06.Y1 Amounts in MUR. 1. Property, Plant and Equipment 505,000. Other Financial Assets 120,000. Inventories 200,000. Trade and other Receivables 202,000. Prepayments 10,000. Cash and Cash Equivalents 803,000. Capital and... |
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| accounting |
| 6. Which of the following is not a processing control? A) Record counts B) Control totals C) Hash totals D) Check digits I think it should be C but am not certain. Can anyone assist? |
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| accounting |
| Three objectives of a company's internal control system should be safeguarding assets, checking the accuracy and reliability of accounting data, and promoting operational efficiency. A fourth objective of a company's internal control system should be: 1.Preventing embezzlement... |
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| accounting |
| Can someone please tell me how to set these problems up? I am confused! Lear, Inc., has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a.) Lear wishes to finance all fixed asse... |
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| accounting |
| Can somebody please explain what this is asking? I do not understand any of this. A firm utilizing LIFO inventory accounting would, in calculating gross profits, assume that : A. all sales were from beginning inventory. B. sales were from current production until current produ... |
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| Accounting-business |
| Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing costi... |
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| Business Accounting |
| Which is an capital expenditure and revenue expenditure. 1.Overhauled and reconstructed lathe motor to produce more parts per hour. 2. Yearly computer maintenance contract. 3. Construct walls to divide the store offices. 4. Poured a concrete walkway between the offices. 5. Sem... |
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| Accounting |
| Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing costi... |
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| Tommy, Becky, business |
| What is it your are specifically trying to do? All I can do is provide some Tutorials but it would help to know why all these figures for Lear?
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| Accounting-business |
| I am trying this one more time Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets... |
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| Accounting-business |
| Here is the other part that did not fit on the other post. Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of... |
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| Accounting-business |
| Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing costi... |
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| Accounting |
| Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing costi... |
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| Accounting |
| Can anyone tell me if one of these is correct? Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanen... |
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| accounting |
| Can somebody help me figure out how to calculate the profit or loss on 12,000 bags and 25,000 bags in this problem? The problem is Healthy Foods, Inc., sells 50-pounds of grapes to the military for $10 a bag. The fixed costs of this operation are $80,000, while the variable co... |
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| Accounting |
| The individual portion of this assignment is for each person to produce his/her own solution to the following. Claire’s Antiques has fixed cost of $75,000 per month. Each antique has the following identifiable sales price, variable material costs, and fixed monthly costs, resp... |
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| Accounting |
| Healthy Foods, Inc., sells 50-pound bags of grapes to the military for $10 a bag. What is the degree of combined leverage at both sales levels? Chapter 5 page 144 problem 13 in Foundations of Financial Management. This is what I have so far can you tell me if this is correct? ... |
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| accounting |
| who would need to access an accounting information system and at what level? |
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| Accounting-business |
| Healthy Foods, Inc., sells 50-pound bags of grapes to the military for $10 a bag. What is the degree of combined leverage at both sales levels? Chapter 5 page 144 problem 13 in Foundations of Financial Management. This is what I have so far can you tell me if this is correct? ... |
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| accounting |
| The directors of Health Food Alliance Ltd have recently reviewed their legal financial reporting obligations to shareholders and are completely satisfied that the company’s financial reports meet all the required accounting standards. However, they are aware that many companie... |
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| accounting |
| The directors of Health Food Alliance Ltd have recently reviewed their legal financial reporting obligations to shareholders and are completely satisfied that the company’s financial reports meet all the required accounting standards. However, they are aware that many companie... |
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| accounting |
| Did I do any of this right and how do I figure Retain earnings (where does net income and dividends come from? Cash .05($1,150,000) = $57,500 Accounts Receivable .15($1,150,000) = $172,500 Inventory .25($1,150,000) = $287,500 Fixed Assets .40($1,150,000) = $ 460,000 Total Asse... |
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| accounting |
| P 4-6 "University Physician Compensation"
Physicians practicing in eastern University's hospital have the following compensation agreement. Each doctor bills the patient (or Blue Cross Blue Shield) for his or her services. The doctor pays for all direct expenses... |
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| accounting |
| House mortgage You have just purchased a house and have obtained a 30-year, $200,000 mortgage with an interest rate of 10 percent. Required: a. what is your annual payment? b. Assuming you bought the house on Jan. 1st, what is the principle balance after one year? c. After fo... |
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| accounting |
| Mr. Jones intends to retire in 20 years at the age of 65. As yet he has not provided for retirement income, and he wants to set up a periodic savings plan to do this. If he makes equal annual payments into a savings account that pays 4 percent interest per year, how large mus... |
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| accounting |
| Can somebody help me understand how to do this? The Comprehensive Problem: The Landis Corporation had 2008 sales of $100 million. The balance sheet items that vary directly with sales and the profit margin are as follows: Percent Cash . . . . . . . . . . . . . . . . . . . . .... |
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| hhs 265 math accounting |
| The following data represent total personnel expenses for the Palmdale Human Service Agency for past four fiscal years: 20X1 $5,250,000 20X2 $5,500,000 20X3 $6,000,000 20X4 $6,750,000 Forecast personnel expenses for fiscal year 20X5 using moving averages, weighted moving avera... |
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| accounting |
| The auditors may decide to confirm accounts payable on an audit engagement. Describe two reasons why the confirmation of accounts payable is not a genreally accepted auditing procedure, describe the audit crcumstances in which the auditors are likely to decide to confirm accou... |
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| ACcounting Ethics |
| 3. Did Enron’s directors understand how profits were being made in this segment? Why or why not? |
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| Financial Accounting |
| Resource: Fundamental Accounting Principles, pp. 156 and 159 „h Due Date: Day 4 [Individual] forum „h Complete Quick Study question QS 4-2 on p. 156 and Exercises 4-4 and 4-5 on p. 159. „h Post your answers as an attachment. |
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| accounting |
| The standard amount of materials required to make one unit of Product Q is 4 pounds. Tusa's static budget showed a planned production of 4,000 units. During the period the company actually produced 4,100 units of product. The actual amount of materials used averaged 4.1 pounds... |
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| Financial Accounting |
| Of the three business entity forms(proprietorship, partnership, or corporation), what are most new small businesses organized as in regards to liability and why? |
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| accounting |
| I have a question: How do accountants prepare for their job of being providers of financial information? |
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| Microeconomics |
| Which of the following is most likely to be true of economic and accounting profits? a. economic profits are less than accounting profits. b. accounting profits are less than economic profits. c.economic profits plus accounting profits equal zero. d. accounting profits minus e... |
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| college |
| Article Review: Each Student is responsible for finding 2 substantial articles regarding Accounting Information Systems issues or directions and writing an opinion paper up to 2 pages long for each article. Grading for the review is based upon • The quality of the article used... |
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| Accounting |
| Complete the six-column table by entering adjustments that reflect the following information: a. As of December 31, 2005, employees had earned $900 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,600 of salaries will be paid. b. The cost of su... |
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| accounting |
| Analyze the following separate errors and describe how each would affect the 10-column work sheet Below. Explain whether the error is likely to be discovered in completing the work sheet and, if not, the effect of the error on the financial statements. a. Assume that the adjus... |
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| accounting |
| I don't know if the answer is $0 or $1,000,000. One part says it's 1,000,000 because it's less than a year, but they also have the intention of using part of it for a long term bond, so I think it could be 0. Below is the question. Other answers to select is 100,000 and 900,00... |
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| Accounting |
| The following data represent total personnel expenses for the Palmdale Human Service Agency for past four fiscal years: 20X1 $5,250,000 20X2 $5,500,000 20X3 $6,000,000 20X4 $6,750,000 Forecast personnel expenses for fiscal year 20X5 using moving averages, weighted moving avera... |
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| Accounting |
| This is for an accounting course doing adjusting entries.. The rental revenue represents the amount received for 11 months for dining facilities. The December rent has not yet been received. On the trial balance the amount for rental revenue is 17,600 Would I divide that by 11... |
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| accounting |
| Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005. Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable . . . . . . . . . . . . . . ... |
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| accounting |
| Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases………………... E250,000 Freight In……………… E8,000 Sales discounts…………. 4,000 Purchase returns…….. 7,000 Inventory Sales………………... |
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| math |
| In accounting, what is the form that accompanies an employer's payment of social security, Medicare, and employee's federal income taxes? |
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| ACCOUNTING |
| Laurie is self-employed and expects to make $96,000 in 2007. Her social security tax rate is 12.4% up to the wage base, Medicare is 2.9%, and her estimated federal income tax rate is 25%. What is Laurie’s expected tax payment for the fourth quarter? A. $6,000.00 C. $8,667.60 B... |
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| Finance/Accounting |
| I am not sure that I have these questions right, can someone take a look and see if they appear to be correct? Instructions: Each of the situations below may illustrate a violation of an accounting assumption or principle. Indicate the assumption or principle that is most clea... |
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| accounting |
| Which of the following would you use to record your checking account transactions? A. A check stub or check book registry B. A deposit slip C. A signature card D. Checks or drafts A |
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| Business Accounting |
| why does the bank tell you they are "crediting" your account when they increase it and "debiting" your account when they decrease it? I know this is a simple question but I just want to make sure I am currect with my answer before I post it to my class forme. Answer: A bank sa... |
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| accounting |
| Can someone help me figure this out, please? The company I am using is Wal Mart. Explain each step of the accounting cycle. Describe at least one transaction that would occur at the company you selected in each of these steps. |
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| Accounting |
| How to write off assets on an income statement? Say the equipment was invested at $1,000,000. If i have to write off the cost of the equipment this year because it has no salvage value. Will it be -1,000,000 on the income statement? If the projected equipment depreciation was ... |
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| accounting |
| Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest ... |
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| Accounting |
| For a manufacturing company, is rent, and electricity (of production facility), a manufacturing overhead or is it non-manufacturing cost? |
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| accounting |
| Can someone tell me how to figure this out? I am so lost when it comes to accounting. The net income of Simon and Hobbs, a department store, decreased sharply during 2000. Carol Simon, owner of the store, anticipates the need for a bank loan in 2001. Late in 2000, Simon instru... |
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| Accounting |
| I have no clue where to start with this, can someone help and explain this to me please? Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become ... |
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| Punctuation |
| Can I get help please in checking the punctuation on this piece? I am really having a hard time with comma's and semicolons...ty As an accounting firm, we must be able to track time, and expenses that we provide to our customers. In doing so, we will incorporate using the time... |
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| Accounting, Advanced |
| After realization of all noncash assets and the payment of all liabilities, the balance sheet of the liquidating Pon, Quan & Ron LLP on January 31, 2005, showed Cash,$15,000; Pon, Capital, ($9,000); Quan & Ron, Capital, $16,000, with ( ) indicating a capital deficit. The partn... |
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| Accounting-business |
| Can you please help me on what is their stake in the ethics case of The Dilemma of an Accountant. And if you can give me some suggestions on what the impacted of my decision to have him turn in his boss and to file a grievence with the accoutning board. The stakeholder that th... |
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| Accounting-business |
| Can you please help me on what is their stake in the ethics case of The Dilemma of an Accountant. The stakeholder that were identified were the Big Eight accounting firm and Baker Greenleaf |
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| Accounting |
| Select a management function (planning, directing and motivating, or controlling) and explain how that function relates to business as a whole |
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| accounting |
| On January 1, 2004, Carnival Shipping bought a machine for $1,500,000. At that time, this machine had an estimated useful life of six years, with no salvage value. As a result of additional information, Carnival determined on January 1, 2007, that the machine had an estimated ... |
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| accounting |
| Please let me know if I'm right!! I made the following errors in counting its year-end physical inventories: 2001 $ 60 overstatement 2002 $108 understatement 2003 $90 overstatement t I'm thinking the entry to correct the accounts at the end of 2003 is Retained Earnings $48 Cos... |
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| accounting |
| please let me know if I'm right common stock $600 additional paid-in capital $250 retained earnings $370 net income for year $240 I need return on common stockholder's equity=net income/stock equity=240/600=0.4 |
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| Accounting-business |
| Can you please see if there is anything I can add to this. What are the ethical issues involved? What should Sue do and what decision-making approach should she take? This is what I have to this question so far. The Ethical issues are not following the accounting standards an... |
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| accounting |
| For each of the following items, give an example of a business transaction that has the described effect on the accounting equation: Increase an asset and increase a liability. Increase one asset and decrease another asset. Decrease an asset and decrease owner's equity. Decrea... |
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| Accounting |
| this is what I have to this question so far. Can you please see if there is anything I can add to this. What are the ethical issues involved? What should Sue do and what decision-making approach should she take? The Ethical issues are not following the accounting standards and... |
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| Accounting |
| this is what I have to this question so far. Can you please see if there is anything I can add to this. What are the ethical issues involved? The Ethical issues are not following the accounting standards and ethics of accounting. Anne Distagne was the CEO of Linkage Constructi... |
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| System Analysis &Design |
| What should my entities be? Consider the following situation. A manufacture of computers receives orders from customers through its sales office. Each order can have several products in it (different types of computers, lap tops, monitors, and other stuff). The producer checks... |
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| Accounting |
| LRF Corporation purchased a patent for $450,000 on September 1, 2006. It had a useful life of 10 years. On January 1, 2008, LRF spent $110,000 to successfully defend the patent in a lawsuit. LRF feels that as of that date, the remaining useful life is 5 years. What amount sho... |
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| Accounting |
| Rich Corporation purchased a limited-life intangible asset for $180,000 on May 1, 2006. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2008? $ -0- $36,000 $48,000 $54,000 |
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| Accounting |
| Jeff Corporation purchased a limited-life intangible asset for $120,000 on May 1, 2006. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2008? $ -0- $24,000 $32,000 $36,000 |
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| Accounting |
| Maris Corporation acquired a patent on May 1, 2008. Maris paid cash of $25,000 to the seller. Legal fees of $1,000 were paid related to the acquisition. What amount should be debited to the patent account? $1,000 $24,000 $25,000 $26,000 |
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| Intermediate Accounting I |
| On January 1, 2007, the Accumulated Depreciation-Machinery account of a particular company showed a balance of $370,000. At the end of 2007, after the adjusting entries were posted, it showed a balance of $395,000. During 2007, one of the machines which cost $125,000 was sold ... |
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| accounting |
| Quayle Company acquired machinery on January 1, 2002 which it depreciated under the straight-line method with an estimated life of fifteen years and no salvage value. On January 1, 2007, Quayle estimated that the remaining life of this machinery was six years with no salvage ... |
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| acc 220 |
| Why does managerial accounting not want to follow the rules of accounting? |
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| Accounting PLEASE LOOK THIS OVER! |
| Describe how you might conduct a stakeholder impact analysis of Scenario 1 of using each of the stakeholder impact analysis approaches: moral standards, 5-question and Pastin’s approach. Note: You are not required to analyze the impact on each stakeholder. Post your descriptio... |
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| accounting HELP |
| I know what the moral standards approach is, but what I do not understand how a stakeholder impact analysis might be done using the moral standards approach. Can somebody explain how to do this? I have already gooled it and still did not understand it. I just need it explained... |
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| FINANCIAL |
| Can managerial accounting be held against a company if they are taken to court and these reports are found somewhere in the company? |
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| accounting HELP |
| I know what the 5-questions are, but what I do not understand is in what circumstances would the 5-question approach to stakeholder impact analysis be most useful? Can somebody PLEASE HELP ME? |
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| Business (Help) check |
| 3. Firms adopting a relationship marketing strategy by creating a community of buyers view their company's Internet web site as a(n): (Points: 1) promising technique to reach the mass market. threat to the effective and efficient implementation of their strategy. tool with li... |
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| accounting/ Finance |
| Break-even point. Please help me understand how to get the fixed and variable cost in order to determine the break-even point in units of output for the following: Output level 10 million Return on operating assets= 25% Operating asset turnover= 5 times Operating asset =$20 mi... |
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| Accounting Tax |
| A taxable corporation faces a flat 35% marginal tax rate. What is the tax savings from an additional $100,000 deduction? |
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| Accounting |
| An investor who is a non-resident for US tax purposes who buys stock of a US company is engaging in tax planning that uses the a.entity variable b.time period variable c. jurisdiction variable d. character variable |
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Homework Help: Business
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