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April 18, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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Accounting
Hello I am not angry with you at all, however is there any way possible that you can help me with these two problems and we can call it even? Just let me know I am not trying to get over, however my computer had crashed and I am behind in class I purchased me a new laptop a ...
Friday, August 10, 2012 at 2:37pm

Accounting
6300.01
Tuesday, August 7, 2012 at 10:34am

Accounting
You are terribly misinformed, Kathy! Jiskha tutors have no access to your text.
Sunday, August 5, 2012 at 7:58pm

Accounting
Q1a: Complete Problem 14.1 on page 269 of the Collier text (solution is on page 501-502). Next work the problem again using the following variables: project yield annual net cash inflows are $10,500 for the next five years; interest rate of 16.5%, and the initial investment of...
Sunday, August 5, 2012 at 7:57pm

accounting
How would you like us to help you with this assignment?
Sunday, August 5, 2012 at 7:54pm

accounting
Accounting 103 ScrawnyOcean2290 asked Dominic Hunter, a second-year business student at the University of Utah, will graduate in two years with an accounting major and a Spanish minor. Hunter is trying to decide where to work this summer. He has two choices: work full-time for...
Sunday, August 5, 2012 at 7:49pm

Accounting
Perez Corporation was organized on January 1, 2009. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2009, $6,000, ...
Saturday, August 4, 2012 at 8:38pm

accounting
explaintwo ways accounting data is used in abusiness decision
Friday, August 3, 2012 at 8:27am

Accounting
Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders’ equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; if so, identify all applicable...
Friday, August 3, 2012 at 1:49am

accounting
Complete a writing assignment in essay format with a minimum of 250 words discussing your experience using accounting in business or your personal life. Please answer the following questions: How it affected your responsibilities? Will accounting and accounting information ...
Wednesday, August 1, 2012 at 5:51pm

accounting
How do businesses determine what salvage values to use for their various assets? Are there “hard and fast” rules for salvage values?
Wednesday, August 1, 2012 at 4:59pm

Finance Accounting
Vanity Press, Inc., has annual credit sales of $1.6 million and a gross profit margin of 35 percent. a. If the firm wishes to maintain an average collection period of 50 days, what level of accounts receivable should it carry? (Assume a 365-day year.) b. The inventory turnover...
Tuesday, July 31, 2012 at 3:32pm

accounting
a = c+20 50a + 200c = 2250 a = 25
Tuesday, July 31, 2012 at 11:34am

accounting
for a charity show the rate of adult passes Rs.20 more than the children pass.when a company sold 50 adult and 200 children passes,the amount collected is Rs.2250.find the price of an adult pass.
Tuesday, July 31, 2012 at 7:49am

accounting
Assume that a company purchases land for $100,000, paying $20,000 cash and borrowing the remainder with a long-term note payable. How should this transaction be reported on a statement of cash flows
Friday, July 27, 2012 at 6:02pm

system analysis and palnning
objective The Milestone Assignments are based on the Projects and Cases for use with the Systems Analysis and Design Methods textbook by Whitten & Bentley. There are six (6) parts to the Project, consisting of twelve (12) milestones. During Weeks 2-7, you will be required to ...
Thursday, July 26, 2012 at 11:07pm

accounting
750K
Wednesday, July 25, 2012 at 12:29pm

accounting
The following information was made available from the income statement and balance sheet of Lauren Company. Item 12/31/10 12/31/09 Accounts Receivable $53,400 58,600 Accounts Payable 35,600 32,700 Merchandise Inventory 85,000 79,000 Sales (2010) 243,000 Interest Revenue (2010...
Wednesday, July 25, 2012 at 8:00am

accounting
1. Present entries to record the following summarized operations related to production for a company using a job order cost system: Please put a DR before your debits and and CR before credits and enter between each entry. (a) Materials purchased on account $167,000 (b) ...
Tuesday, July 24, 2012 at 7:54pm

accounting
Prepare a monthly Cash Budget in tabular form for the months of February, March and April; showing the bank balance at each month's end. Company Information and Background The following data is available from the various functional budgets prepared at Congo Limited. ...
Tuesday, July 24, 2012 at 7:17am

Accounting
I need some help with this question… It is confusing me… I have parts of it done but would like someone to help explain it to me. A truck was purchased on January 2 at a cost of $60,000. It’s expected to be used for five years and to have a residual value of $5,...
Tuesday, July 24, 2012 at 4:55am

Accounting
It is a cost of doing business -but I doubt IRS would apvopre the deduction forinternet only related business look at the millions selling on the internet itwould be a big chunk of change the government was missing
Tuesday, July 24, 2012 at 12:12am

Accounting 2301
For Capital, the category of account and its normal balance are: A. Assests and a debit balance B. Liabilities and a credit blance C. Owner's Equity and a credit balance D. Owner's equity and a debit balance
Monday, July 23, 2012 at 11:37am

accounting
On the balance sheet under equity there is a line item of undesignated equity under the equity section. What is that? I've never seen that before.
Sunday, July 22, 2012 at 9:23am

accounting
A company has an insurance policy for fifty thousand dollars that is due. How is this set up when the company does not pay it in full. It is paid monthly to an insurance premium company within one year. How do we set it up on the company books? There is a note to Premium ...
Sunday, July 22, 2012 at 8:18am

Healthcare Finance
Metropolis Health System has received a wellness grant from the charitable arm of an area electronics company. The grant will run for twenty-four months, beginning at the first of the next fiscal year. Two therapists and two registered nurses will each be spending half of ...
Wednesday, July 18, 2012 at 11:53am

tax accounting
to create a 10 yr term bond schedule with semi annual payments (principal is $10 million); stated interest rate is 8% and market rate is 6%-how would you do it
Tuesday, July 17, 2012 at 4:26pm

Financial Accounting
Jane Doe of Creative Marketing was recording transactions into the accounting records to prepare financial statements for the bank in a loan application. Her expenses were higher than anticipated and she was concerned about the effects on net income. As she was recording $3,...
Tuesday, July 17, 2012 at 12:56pm

Financial Accounting
Jane Doe of Creative Marketing was recording transactions into the accounting records to prepare financial statements for the bank in a loan application. Her expenses were higher than anticipated and she was concerned about the effects on net income. As she was recording $3,...
Tuesday, July 17, 2012 at 12:50pm

Accounting
when doing a balance sheet and the asked you too only do the two months that the business has been going should you still do accumulated depreciation on equipment
Tuesday, July 17, 2012 at 6:54am

accounting
Shopping Center A Square foot: 3,500 Distance: 4 miles Shopping Center B Square foot: 1,500 Distance: 5 miles Shopping Center C Square foot: 300 Distance: 3 miles Use the Huff Gravity model to find the probability that customers will shop at shopping center A.
Monday, July 16, 2012 at 10:54pm

Accounting
Identifying and journalizing Closing Entries Klein Photography
Monday, July 16, 2012 at 6:59pm

Finance Management
CASE STUDY 1 please read the continuing case at the end of Chapters 1 and 2 in your textbook. After studying the Chapter 1 case, respond to the following: 1.At which level do some of the basic functions (cost accounting, reporting tax, patient accounts and billing, accounts ...
Monday, July 16, 2012 at 11:11am

Accounting
Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $121,200. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,180, and annual expenses (excluding depreciation) would ...
Sunday, July 15, 2012 at 6:33pm

accounting 205
Net income for the year is $25,000. Withdrawals of $36,000 per were taken at the end of the year. Which of the following occurs? (Points : 1) The Capital account decreases by $22,000. The Capital account decreases by $11,000. The Capital account increases by $11,000. The ...
Sunday, July 15, 2012 at 4:28pm

Accounting, Finance
Do you have college accounting help also?
Sunday, July 15, 2012 at 9:10am

Financial Accounting
, how much manufacturing overhead was allocated to production? Archangel Manufacturing has just finished the year 2012. They created a predetermined manufacturing overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. Below are ...
Saturday, July 14, 2012 at 5:00pm

Financial Accounting
, how much manufacturing overhead was allocated to production? Archangel Manufacturing has just finished the year 2012. They created a predetermined manufacturing overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. Below are ...
Saturday, July 14, 2012 at 5:00pm

accounting
Partners Smith and Jones decide to close their business and share the profits equally. They sell the partnership's non-cash assets. The transactions for the sales are below: 1. The merchandise inventory, which cost $45,000, was sold for $38,000. 2. The office equipment, ...
Friday, July 13, 2012 at 10:50am

accounting
a. Pt = (Po*r*t)/(1-(1+r)^-t. Po = $200,000. r = (10% / 12)/100% = 0.0083333 = Monthly % rate expressed as a decimal. t = 30yrs * 12mo/yr = 360 Months. Plug the above values into the given Eq and get: Pt = $631,850.40. Monthly(I+P) = Pt/t = $1755.14. Annual = 1755.14/mo * 12mo...
Wednesday, July 11, 2012 at 10:05pm

accounting
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 four years, ...
Wednesday, July 11, 2012 at 5:58pm

accounting
Olympic Sports Wear estimates its Annual Federal Income tax as $10,000. It has paid the tax in four installments of $2,500 each. However, at the end of the year, the actual tax amount is $11,200. Therefore, the company needs to pay $1,200 to the government. Instruction: ...
Tuesday, July 10, 2012 at 11:16am

Accounting
I have most of them done but would like to have these ones double checked... Please Help!!! 12. Research and development costs (R&D) are generally A. listed as "long-term assets" on the balance sheet. B. expensed and become part of the income statement. C. listed as...
Monday, July 9, 2012 at 8:46am

accounting 205
A proprietor makes a cash withdrawal from the proprietorship. How does this affect the accounting equation? (Points : 1) This has no effect on assets, liabilities, or owner’s equity. Assets decrease; owner’s equity decreases. Assets increase; liabilities decrease. ...
Sunday, July 8, 2012 at 5:14pm

account (urgent!!pls help)
accounting question [prepare journal entries for the year end adjustment] A fire broke out in the office during the year. the insurance company agreed to pay compensation of $3000 to the company in December 2009.No entries for this compensation were made at the year end.This ...
Sunday, July 8, 2012 at 9:25am

Accounting-Journal Entry
Cash DR 97500.00 AC Receivable 552500.00 Sales 650000.00 Sales 650000.00 Cost of Sales 390000.00 Gross profit 260000.00
Sunday, July 8, 2012 at 7:26am

accounting please help!
I have a total of 100 questions and am unsure about my answers to these ones 3. Margaret is a customer of Tammy Company. The company wrote off her account of $1,200 on August 15. On October 12, she sent in a payment of $560. What will Tammy Company record first to reinstate ...
Saturday, July 7, 2012 at 11:04am

Accounting concepts
Where can I find the GAAP used for a particular hospital. For example Patton-Fuller Community Hospital. I need to explain used in its financial statements
Friday, July 6, 2012 at 11:11am

Payroll Accounting
Kelsey Gunn is the only employee of Arsemault Company. His pay rate is $23,00 per hour with an overtime rate of 11/2 times for hours over 40 in a workweek. For the week ending March 31, 2012, he worked 48 hours. Calculate his gross pay for the week using the overtime premium ...
Friday, July 6, 2012 at 7:47am

Accounting
CollegePak Company produced and sold 60,000 backpacks during the year just ended at an average price of $20 per unit. Variable manufacturing costs were $8 per unit, and variable marketing costs were $4 per unit sold. Fixed costs amounted to $180,000 for manufacturing and $72,...
Wednesday, July 4, 2012 at 2:07pm

Accounting
1. On May 31, there were two outstanding checks: #595 for $238 and #599 for $361. 2. Premier Bank made a posting error to the bank statement: check #603 was issued for $425, not $452. 3. The deposit made on June 20 was for $125 that Natalie received for teaching a class. ...
Tuesday, July 3, 2012 at 9:27pm

ashford
At the beginning of 2012, the Jeater Company had the following balances in its accounts: Cash $4,300 Inventory 9,000 Common Stock 10,000 Retained Earnings 3,300 During 2012, the economy experienced the following events: 1. Purchased inventory that cost $2,200 on account from ...
Monday, July 2, 2012 at 2:01pm

Accounting
A meeting of senior managers at the Pringly Division has been called to discuss the pricing strategy for a new product. Part of the discussion will focus on estimating sales for the new product. Over the past years, a number of new products have failed to meet their sales ...
Monday, July 2, 2012 at 11:06am

Accounting
If a client asks me to do a balance sheet for a given month, but they put a question mark beside Truck and Accounts Payable in the assests column..can I even do the balance sheet since these are part of the assests?
Sunday, July 1, 2012 at 11:57am

Intermediate accounting
C. $80,000
Sunday, July 1, 2012 at 3:30am

accounting
Invisible hand its a term that decribes self-directed gain into social and economic benefits to all
Saturday, June 30, 2012 at 3:37am

accounting
8.723
Friday, June 29, 2012 at 12:47pm

managerial Financial Accounting
EXERCISE 12-11. Evaluating Investment Centers with Residual Income [LO 6] Lakeside Hospital is a division of Superior Healthcare organized as an investment center. In the past year, the hospital reported an after-tax income of $2,500,000.Total interest expense was $1,900,000,...
Sunday, June 24, 2012 at 7:17pm

accounting please help!
I have most of them done but would like to have these ones double checked... Please Help!!! 2. The balance sheet format that lists assets above liabilities is the _______ form. A. alphabetical B. liquidity C. account D. report I said B 13. Nick Company reports the following ...
Sunday, June 24, 2012 at 2:33pm

introducing to accounting
After the closing entries are posted to the ledger, each revenue account will have a) zero balance. b)debit balance c) a credit balance d)either a debit or a credit balance. My answer is a) ,but I am not sure:)
Sunday, June 24, 2012 at 10:47am

introducing to accounting
After the closing entries are posted to the ledger, each revenue account will have a) zero balance. b)debit balance c) a credit balance d)either a debit or a credit balance. MY ANSWER IS D BUT I AM NOT SURE :)
Saturday, June 23, 2012 at 4:55pm

Accounting 2
Journalizing liability transaction. The following transactions of denver pharmacies occurred during 2011 and 2012. Louis Welch is general manager of United Tanning Salons. During 2012, Welch worked for the company all year at a $6,200 monthly salary. He also earned a year-end ...
Saturday, June 23, 2012 at 12:10pm

accounting
Central States Manufacturing produces a single product: Product 1222. The company has estimated that annual overhead expenses wll be $180,000 and production volume will be 20,000 units using 20,000 hours of labor. Overhead is applied to production based on assembly labor hours...
Friday, June 22, 2012 at 3:07pm

accounting
Plasto Products does not pay income taxes and has one owner Is this corporation, partnership or sole priortership
Thursday, June 21, 2012 at 5:36pm

Accounting - please help ASAP
How do you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds? Summarize the reasons both for and against accounting for enterprise funds differently than governmental funds.
Wednesday, June 20, 2012 at 6:47pm

Managerial Accounting
The following information was drawn from the year-end blance sheet of Desoto Company: Account Title` 2012 2011 Investment securities $35,500 $30,000 Equipment 235,000 220,000 Buildings 845,000 962,000 Land 80,000 69,000 Additional Information regarding transactions occurring ...
Wednesday, June 20, 2012 at 1:11pm

accounting
Assume the $10,000 Treasury bill, 4% for 13 weeks. Calculate the effective rate of interest.(Use calendar year. Round your answer to 2 decimal places. Omit the "%" sign in your response.)
Monday, June 18, 2012 at 10:06pm

intermediate accounting
Do you mean impotence or importance? http://www.google.com/webhp?source=searc​h_app#hl=en&sclient=psy-ab&q=+review+of+​accounting+cycle&oq=+review+of+accountin​g+cycle&aq=f&aqi=g-K1&aql=1&gs_l=serp.3.​.0i30.3.3651.1.4426.1.1.0.0.0.0.128.128.​0j1.1...
Monday, June 18, 2012 at 11:38am

intermediate accounting
explain impotnce of review of accounting cycle
Monday, June 18, 2012 at 11:08am

Mergers and Acquisitions
Fair value determination of goodwill and calculating the premium paid over market value in a merger: Using fair value accounting for goodwill, under FAS 141R, determine the amount of Goodwill that "the acquiring company" enters on its balance sheet in the following ...
Sunday, June 17, 2012 at 5:11pm

acc/291
I can write the paper I just need some ideas of a situation that might lead to unethical pratices and behaviors in accounting? but not eron I'm sure everyone else is doing that one this is why I need some idea's help please thank you.
Saturday, June 16, 2012 at 1:30pm

Management Accounting
Subtask 3b: The Antigua Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of Antigua. The Blood Bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that hit ...
Friday, June 15, 2012 at 12:44pm

accounting
kathy burnett works for trinity industries. Her pay rate is 12.84 per hour and receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31,2013, Kathy worked 48 hours. Kathy is ...
Friday, June 15, 2012 at 12:38pm

accounting
kathy burnett works for trinity industries. Her pay rate is 12.84 per hour and receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31,2013, Kathy worked 48 hours. Kathy is ...
Friday, June 15, 2012 at 12:11pm

Forensics, Accounting
Which would be the least effective procedure for preventing procurement fraud? Confirming Inventory Creating an approved vendor list Reviewing monthly bank reconciliations Separating job responsibilities Looking for cliques
Thursday, June 14, 2012 at 10:22pm

Accounting
220,000/22% = 1,000,000
Thursday, June 14, 2012 at 10:17pm

Accounting
I need help in working this problem...please help... Gaines Company recently initiated a post audit program. To motivate employees to take the program seriously, Gaines established a bonus program.Managers receive a bonus equal to 10 percent of the amount by which actual net ...
Thursday, June 14, 2012 at 9:05pm

Accounting
I am trying to figure out how to do this problem: scenarios (projected $90,000 annual cash inflow vs. projected $70,000 annual cash inflow). Note, 5 years of $90,000 per year equals $450,000 of total cash received over the duration of the project ($350,000 for 2nd project). ...
Thursday, June 14, 2012 at 8:41pm

Accounting
What account class would cash prize payment be under? A. Operating expense B. Cost of Goods Sold C. Asset D. Expense E. Liability I'm stuck between A, B, D. Help. thanks.
Thursday, June 14, 2012 at 2:06pm

accounting
The following stockholders’ equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Stated Value—Common ...
Monday, June 11, 2012 at 3:53pm

accounting
E15-7 Bennis Company has the following comparative balance sheet data. BENNIS COMPANY Balance Sheets December 31 2009 2008 Cash $ 15,000 $ 30,000 Receivables (net) 70,000 60,000 Inventories 60,000 50,000 Plant assets (net) 200,000 180,000 $345,000 $320,000 Accounts payable $...
Sunday, June 10, 2012 at 10:39pm

accounting
the present value of $1 for 10 periods at 8% per period
Sunday, June 10, 2012 at 4:13pm

Managerial Accounting
What is FedEx’s strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operations excellence, or product leadership customer value proposition? What evidence supports your conclusion? What are FedEx’s four main business ...
Sunday, June 10, 2012 at 11:31am

Accounting
Kathryn, an individual, own all of the outstanding stock in Copper Corporation. Kathryn purchased her stock in Copper 11 years ago, and her basis is $18,000. At the beginning of this year, the corporation has $38,000 of accumulated E &P and no current E&P (before considering ...
Saturday, June 9, 2012 at 12:03pm

Business
). How could benchmarking be effectively used to achieve competitive advantage? Provide an example. 2).What information is gained through managerial accounting? How can a business use this information? As an investor in a small business, what sorts of things may concern you ...
Thursday, June 7, 2012 at 11:28pm

Capstone Accounting
Assessment of the strategic fit between Square D and Schneider. What are the pros and cons of a combination?
Thursday, June 7, 2012 at 8:04pm

managerial accounting
http://www.accounting4management.com/par​ticipative_budget_definition.htm
Wednesday, June 6, 2012 at 1:42pm

managerial accounting
Which of the following is a benefit of participative budgeting? A. Budget planning is highly centralized. B. A twelve-month planning horizon is maintained at all times. C. Employees tend to be more motivated to achieve the budget. D. Communication is clearer because it flows ...
Wednesday, June 6, 2012 at 1:41pm

Accounting
Your client Anjelica Seeds wants to purchase a Burg-N-Fry franchise. The buy-in is $500,000. Burg-N-Fry headquarters tells Anjelica that typical annual operating costs are $160,000 (all cash) and that she can bring in “as much as” $260,000 in cash revenues per year. ...
Tuesday, June 5, 2012 at 9:19pm

accounting
Pearson Corporation makes an investment today (January 1, 2012). They will receive $6,000 every December 31st for the next six years (2012 – 2017). If Pearson wants to earn 12% on the investment, what is the most they should invest on January 1, 2012?
Tuesday, June 5, 2012 at 4:46pm

business
Businesses want to make money and profits. Accounting processes keep track of that information.
Tuesday, June 5, 2012 at 12:26pm

business
How important is accounting information to the decision making processes of a business
Tuesday, June 5, 2012 at 12:18pm

accounting
November 1 Debit wages payable 1,400 Credit wages expense 1,400 I believe that the balances would be the same as they were on October 31 before the adjusting. The balances after posting the reversing entry are Salaries Expense (Cr.) $1,400 and Salaries Payable $0
Monday, June 4, 2012 at 6:53pm

principle of accounting
raper Consulting began operations and completed the following transactions during the first half of December: Dec 2   Received $18,000 cash and gave capital to Draper. 2   Paid monthly office rent, $550. 3   Paid cash for a Dell computer, $1,800. This equipment ...
Monday, June 4, 2012 at 11:03am

accounting
The 3 years depreciation is: (3*80,000): 240,000 The Asset Net Book Value at the end of third year is: (600,000-240,000) : 360,000 Depreciation in Year: 4: (360,000/5) : 72,000 / Year. You can reach me at: aexam (at) h o t m a i l (dot) com..
Monday, June 4, 2012 at 2:56am

accounting
James, Inc. discovered that equipment purchased three years ago for $600,000 will not last as long as originally estimated. The firm was depreciating the equipment at the rate of $80,000 per year with an estimated salvage value of $40,000. New estimates indicate that the ...
Sunday, June 3, 2012 at 2:59pm

accounting
amair started the business with a capital of rs60000 on 1jan 2009 during the year he had with drawn goods rs8000 and cash rs5000for personal use he has also paid life insurance premium rs.2000 he had aiso introduced additional capital of rupees 20000 on 1st july .2009 on 31st ...
Sunday, June 3, 2012 at 3:00am

accounting
How can we pass the entry in journal and how can we check that which expenses comes in debit side nd which comes in credit side?
Sunday, June 3, 2012 at 2:35am

ACCOUNTING
The entry to close Cost of goods sold results in a debit to Income summary
Thursday, May 31, 2012 at 9:07pm

accounting
425 * 1.1575 = ?
Thursday, May 31, 2012 at 9:05pm

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