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April 16, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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accounting
At the end of the current year, $19,900 of fees have been earned but not billed to clients. a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease. b. If ...
Monday, April 7, 2014 at 6:50pm

accounting
At the end of the current year, $19,900 of fees have been earned but not billed to clients. a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease. b. If ...
Monday, April 7, 2014 at 6:16pm

MANAGEMENT ACCOUNTING
The representation for fixed cost per unit of activity is:
Friday, April 4, 2014 at 1:00pm

math lit,business studies,accounting and computer
Certainly.
Friday, April 4, 2014 at 7:38am

math lit,business studies,accounting and computer
Can I be an accountant when doing these subjects?
Friday, April 4, 2014 at 7:35am

accounting
1,200;300
Thursday, April 3, 2014 at 8:19am

Accounting
During the current year, Mast Corporation expects to produce 10,300 units and has budgeted the following: net income $350,376; variable costs $1,080,800; and fixed costs $105,000. It has invested assets of $1,459,900. The company’s budgeted ROI was 24%. What was its ...
Wednesday, April 2, 2014 at 2:24pm

Accounting
correct
Tuesday, April 1, 2014 at 2:45am

Accounting
When common stock has a par value of $2 and a market value of $15: 1.) the liability of the stockholders is $13 per share 2.) there will be additional paid-in capital of $13 per share 3.) common stock will be credited for $15 per share 4.) the paid-in capital will equal the $2...
Tuesday, April 1, 2014 at 2:42am

Accounting
An estimated liability: 1. Is an unknown liability of a certain amount. 2. Is a known obligation of an uncertain amount that can be reasonably estimated. 3. Is a liability that may occur if a future event occurs. 4. Is not recorded until the amount is known for certain. (...
Tuesday, April 1, 2014 at 2:41am

Accounting
Internal control devices for banking activities include signature cards, deposit tickets, checks, and bank statements. 01.) True 02.) False True or False?
Tuesday, April 1, 2014 at 2:41am

Accounting
An asset's cost includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. 01.) True 02.) False True or False?
Tuesday, April 1, 2014 at 2:40am

Accounting
Problems: Please show all calculations. Claudette, Inc., provides warranties for many of its products. The January 1, 2014, balance of the Estimated Warranty Liability account was $38,500. Based on an analysis of warranty claims during the past several years, this year’s ...
Tuesday, April 1, 2014 at 2:39am

accounting
1a
Monday, March 31, 2014 at 6:43pm

Accounting
The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk invested an additional $10,000. During the year, Hawk and Martin withdrew $86,000 and $68,000, ...
Monday, March 31, 2014 at 12:41pm

Accounting
Needs the entries for the following scenarios: Capital accounts as follows : Mason ; 90,000 Jiri; 30,000 James; 60,000 a) Frank pays mason 25,000 for 20% of masons interest in the company b) Frank invests 60,000 cash in the partnership for a 40% interest in the business. The ...
Monday, March 31, 2014 at 12:18am

intermediate accounting
in 2011 hardin company had 220000 shares $10 par common stock, march 1 issued 45000 shares at $22, June 1 issued 15% stack dividend, July 1 issued 10000 at $27, Aug 31 2-for-1 stock split reduce par $5, determine the weighted average number of shares based on the transactions
Sunday, March 30, 2014 at 1:11pm

Accounting
a aa aa
Sunday, March 30, 2014 at 12:49pm

college Managerial accounting
dont know
Friday, March 28, 2014 at 6:39pm

accounting
B 100000
Wednesday, March 26, 2014 at 6:07pm

accounting
23
Wednesday, March 26, 2014 at 8:36am

accounting
Liz Marett is the chief financial officer for Fulton Restaurants. She delivered the following comments in a recent conference call with analysts that follow the company: "20X5 was another excellent year. Net income was a record setting $10,000,000. Food Revenue reflected ...
Tuesday, March 25, 2014 at 10:54pm

Accounting
456
Tuesday, March 25, 2014 at 6:06pm

Managerial Accounting
i need help also
Sunday, March 23, 2014 at 8:29pm

Accounting 205
http://www.google.com/webhp?source=searc​h_app#q=+basic+transaction+processing+Ri​chard+Simmons
Saturday, March 22, 2014 at 12:13pm

Accounting 205
help with paper on basic transaction processing fr Richard Simmons
Saturday, March 22, 2014 at 12:10pm

Accounting
As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March were as follows: $120,000, $140,000 and $150,000. 20% of each month’s sales are for cash. Of the remaining 80% (the credit sales), 60% ...
Friday, March 21, 2014 at 12:50pm

Accounting
c
Friday, March 21, 2014 at 9:10am

Accounting
7790
Thursday, March 20, 2014 at 9:15pm

Payroll Accounting
Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $25 put into her health savings account (nonqualified) each week. Her ...
Thursday, March 20, 2014 at 2:45pm

Accounting
d
Thursday, March 20, 2014 at 2:34pm

Accounting
1. Mark is trying to determine his firm's average cost per unit of production. He finds that the cost for all labor and materials is $80,000 and fixed overhead expenses are $40,000. If the company produces 20,000 items in the time period, the average cost is __________. $...
Wednesday, March 19, 2014 at 9:58pm

Accounting
a
Wednesday, March 19, 2014 at 4:24pm

Accounting
I really need a lot of help learning how to understand and successfully fill out an income statement packet, ASAP please!!
Wednesday, March 19, 2014 at 6:25am

accounting
a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent
Tuesday, March 18, 2014 at 10:47pm

Intermediate Accounting
A
Tuesday, March 18, 2014 at 7:30pm

Accounting - need guidance
On January 1, 2012, Bartell Company sold its idle plant facility to Cooper Inc. for $1,050000. On this date, the plant had a depreciated cost of $735,000. Cooper paid $150,000 cash on January 1, 2012, and signed a $900,000 note bearing interest at 10%. The note was payable in ...
Tuesday, March 18, 2014 at 12:04pm

accounting-fory
On January 1, 2012, Bartell Company sold its idle plant facility to Cooper Inc. for $1,050000. On this date, the plant had a depreciated cost of $735,000. Cooper paid $150,000 cash on January 1, 2012, and signed a $900,000 note bearing interest at 10%. The note was payable in ...
Monday, March 17, 2014 at 11:10pm

accounting
7
Monday, March 17, 2014 at 4:54pm

Accounting
c?
Monday, March 17, 2014 at 9:09am

Accounting
I think it is a) just want confirmation.
Sunday, March 16, 2014 at 11:48am

Accounting
the Dwyer corporation incurred costs of 114000 in purchasing a process which it eventually had patented. The patent was issued on July 20x1. To secure the patent, an additional 6000 had been spent on legal fees. On June 30 20x3, a patent infringement suit was successfully ...
Sunday, March 16, 2014 at 10:46am

accounting
Corporations are subject to specific corporate tax rates different from those for individuals. True False
Saturday, March 15, 2014 at 6:28pm

accounting
Corporations are subject to specific corporate tax rates different from those for individuals. True False
Saturday, March 15, 2014 at 6:28pm

accounting
The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount
Saturday, March 15, 2014 at 6:19pm

accounting
Bonds issued giving the holder the option of exchanging the bonds for capital stock of the corporation are called
Saturday, March 15, 2014 at 6:11pm

Financial Accounting
80880.49
Thursday, March 13, 2014 at 8:34pm

Math, accounting, investments
A firm is evaluating two machines. The first costs $250,000 and will require annual maintenance of $30,000 per year for 10 years. At the end of 10 years, the salvage value will be $75,000. The second machine costs $400,000 and will require $225,000 at the end of the fifth year...
Thursday, March 13, 2014 at 11:09am

accounting
Corporations are subject to specific corporate tax rates different from those for individuals.
Thursday, March 13, 2014 at 1:12am

accounting
1-Aug-13 Started business by investing $20,000 from personal savings into a business' bank account and a car and furniture worth $90,000 and $30,000 respectively. 2-Aug-13 Purchased office furniture from Standards for $3,000 paying by cheque. 4-Aug-13 Purchased goods for ...
Wednesday, March 12, 2014 at 10:06pm

accounting
12
Wednesday, March 12, 2014 at 9:25am

accounting
dgd
Tuesday, March 11, 2014 at 2:13pm

accounting
b
Monday, March 10, 2014 at 10:03pm

Accounting Corporations
Birch issued 200 shares of $12 par common stock in exchange for a piece of equipment with a current market value of $3,000.Whichof the following is not part of the journal entry for tis transaction? A.Debiting Equipment for $3,000 B.Crediting Common Stock for $3,000 C....
Monday, March 10, 2014 at 12:09pm

AED
This is the first page of what I found at National Access Network website. 1 SOUTH DAKOTA Char Gatje, Director of Research South Dakota Education Association I. GENERAL BACKGROUND State The current state aid formula was passed by the 1995 legislature and is based on a per ...
Tuesday, March 4, 2014 at 11:47pm

Accounting
For earnings management, is impairment of goodwill easier to manipulate than impairment of PPE?
Tuesday, March 4, 2014 at 2:25am

Accounting
Jane has a $35,000 bank loan that she wishes to pay off in five equal annual payments with 12% interest. If the first payment is due one year from today, what will be the amount of the annual payment necessary
Sunday, March 2, 2014 at 8:33pm

business
Bill, a close friend of your parents wants to start a business. Your parents refer him to you since you are presently working on a technology related degree. In your first discussion, you discover the following facts: Bill has been a sales representative for a major restaurant...
Sunday, March 2, 2014 at 4:41pm

Accounting Theory
I think this is right up to expected income. Don't you have to add the Good State x .60 and the bad state x .40 to arrive at expected income? And you take the present value of goodwill in the valuation.
Sunday, March 2, 2014 at 1:36pm

accounting
A bauxite mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. During the year, 95,000 tons were mined and sold. Prepare the journal entry for the year's depletion expense.
Saturday, March 1, 2014 at 11:53am

accounting
Uncollectible Accounts—Percentage of Sales Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form, for the ...
Saturday, March 1, 2014 at 10:49am

accounting
Uncollectible Accounts—Percentage of Sales Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form, for the ...
Saturday, March 1, 2014 at 10:48am

Accounting
True
Friday, February 28, 2014 at 1:18pm

accounting
A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods. If required, round ...
Friday, February 28, 2014 at 12:20pm

accounting
Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1, 20--, was $21,600. ...
Friday, February 28, 2014 at 12:01pm

accounting
Bethany Link delivers parts for several local auto parts stores. She charges clients $1.65 per mile driven. She has determined that if she drives 2,400 miles in a month, her average operating cost is $.45 per mile. If Bethany drives 2,800 miles in a month, her average ...
Thursday, February 27, 2014 at 11:09pm

accounting
ss
Tuesday, February 25, 2014 at 7:05pm

accounting
If on the opening day of business, you put in supplies worth $250 and $3000 cash, would that be considered a transaction OR would it be considered your beginning balances because it's the first day of business? Would it be considered beginning capital OR a credit to ...
Monday, February 24, 2014 at 9:22pm

careers in mathematics and physical sciences
information technology accounting
Sunday, February 23, 2014 at 10:36pm

accounting
Richard Hamilton has a fast - food franchise and must pay a franchise fee of $35000 plus 3% of gross sales. In terms of cost behavior, the total cost is a: a) variable cost b) fixed cost c) step - fixed cost d) mixed cost
Sunday, February 23, 2014 at 6:03pm

Accounting
taxes
Sunday, February 23, 2014 at 5:59pm

Accounting
An example of a committed fixed cost would be: a) taxes on real estate b) management development programs c) public relations d) advertising programs
Sunday, February 23, 2014 at 5:56pm

accounting
Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts:
Sunday, February 23, 2014 at 4:08pm

Accounting,business studies,economics and maths literacy
Bcom in accounting science
Sunday, February 23, 2014 at 8:53am

accounting 205
11,000
Saturday, February 22, 2014 at 6:13pm

Acct
One of the companies for which you provide accounting services offers office cleaning services and has 8 customers. Cleaning services are provided in the evenings, Sunday through Thursday, at a rate of $30 per day. Billing is done every Friday. During the month, revenue is ...
Thursday, February 20, 2014 at 8:43am

Accounting
Use the following adjusted trial balance of Webb Trucking Company to prepare the (1) income statement and (2) statement of retained earnings, for the year ended December 31, 2011. The retained earnings ac- count balance is $151,000 at December 31, 2010.
Wednesday, February 19, 2014 at 6:25pm

business,accounting,maths lit,economic
Be sure to read through Related Questions below.
Tuesday, February 18, 2014 at 3:19pm

business,accounting,maths lit,economic
Cn i be able to do law wth maths lit,business,economics nd accounting?
Tuesday, February 18, 2014 at 2:53pm

accounting
j
Monday, February 17, 2014 at 6:59pm

accounting
k
Sunday, February 16, 2014 at 11:37pm

Accounting,business studies,economics and maths literacy
Which careers i can follow when am doing these subjects:Accounting,Economics,Business studies and maths literacy?
Sunday, February 16, 2014 at 8:16am

business study,accounting,economics,mathematicaly
Read through the related questions and replies below.
Saturday, February 15, 2014 at 7:37am

business study,accounting,economics,mathematicaly
what job or carrer i can get when i am leaning this subjects?
Saturday, February 15, 2014 at 7:26am

College Accounting
tehebeer 54 436 g
Friday, February 14, 2014 at 9:17pm

Accounting
.
Friday, February 14, 2014 at 2:54pm

accounting
Heww Inc., issued a $50,000, 10 year bond with a stated interest rate of 6%. Assume interest payments are made semi-annually. What is the selling price of the bond if the market rate of interest is 5%? (Round to the nearest dollar.)
Thursday, February 13, 2014 at 12:02am

Accounting
Desrocher Ltd. issued an instalment note on January 1, 2014 (with a required yield of 9%), in exchange for land that it purchased from Safayeni Ltd. Safayeni's real estate agent had listed the land on the market for $120,000. The note calls for three equal blended payments...
Wednesday, February 12, 2014 at 4:25pm

cost accounting
D A
Tuesday, February 11, 2014 at 5:56pm

Accounting
on January 1,20x1,A had 200,000 shares of $5 par value common stock outstanding. On January 15 declared a cash dividend of $0.5 a share
Tuesday, February 11, 2014 at 4:45pm

accounting
In order to following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry, is it A adjust supplies inventory to actual, B adjust supplies expense, C record sale of supplies.
Monday, February 10, 2014 at 8:10pm

accounting
What is the typical time span for long-range plans? A. More than 1 year C. 3–5 years B. 2–3 years D. About 25 years
Friday, February 7, 2014 at 8:52pm

accounting
Graham maintains that formulation and implementation are phases in the strategic management process. Yolanda maintains that evaluation and estimation are also part of this process. Who is correct? A. Yolanda is correct. B. Both Graham and Yolanda are correct. C. Graham is ...
Friday, February 7, 2014 at 8:51pm

Accounting
What is Beer direct materials and raw materials? Raw materials are the basic materials and parts that are to be used in the manufacturing process Raw materials that can be physically and directly associated with the finished product during the manufacturing process are called ...
Thursday, February 6, 2014 at 4:15pm

Accounting
Please explain I'm so lost Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows. Month Units April 2,550 May 2,475 June 2,390 The target ending inventory of finished products is as follows. March 31 2,000 April 30 2,230 May 31 2,200 June 30 2,310...
Wednesday, February 5, 2014 at 11:16pm

Accounting
During the fiscal period just ended some of the inventory in the warehouse of Jamie Ltd. wasn’t counted. Jamie Ltd. uses a periodic inventory control system. Explain how the following are affected by the error: • Net income • Current ratio
Wednesday, February 5, 2014 at 10:07pm

accounting
On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bonds sold at $592,000. The company uses the straight-line method of amortizing bond discounts. The ...
Tuesday, February 4, 2014 at 9:43pm

accounting
On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bonds sold at $592,000. The company uses the straight-line method of amortizing bond discounts. The ...
Tuesday, February 4, 2014 at 9:40pm

accounting
At the end of the current year, $19,900 of fees have been earned but not billed to clients. • a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease...
Tuesday, February 4, 2014 at 5:14pm

accounting
Classify the following items as (a) deferred expense (prepaid expense), (b) deferred revenue (unearned revenue), (c) accrued expense (accrued liability), or (d) accrued revenue (accrued asset). 116117 • 2. A three-year premium paid on a fire insurance policy. • 3. ...
Tuesday, February 4, 2014 at 1:22pm

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