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October 1, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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Financial Accounting
I am working on an unadjusted trial balance and the assignment says to prepare one for the end of July. Do I use ALL ledger accounts even if there was no activity in July? OR do I just use the July accounts?
Tuesday, January 10, 2012 at 10:08am

MATH
natasha is painting her bedroom, which measures 15 feet by 12 feet and has an 8-foot ceiling. not accounting fo windows and doors, how many square feet will she be painting?
Sunday, January 8, 2012 at 9:57pm

Fianancial Accounting
I am trying to prepare an unadjusted trial balance for Aqua Elite, Inc. I have done it twice and it doesnt balance. I am not sure I am doing the right calculations. The information is as follows: Because Aqua Elite, Inc. is a new startup business, the beginning balances in all...
Sunday, January 8, 2012 at 7:45pm

math
Bob sets two alarm clocks (battery-powered) to be sure he arises for his Monday 8:00 A.M. accounting exam. There is a 75 percent chance that either clock will wake Bob. (a) What is the probability that Bob will oversleep? (b) If Bob had three clocks, would he have a 99 percent...
Sunday, January 8, 2012 at 10:12am

Accounting
On March 1, 2003, a company paid a $16,200 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table: Check 2005 insurance expense: Accrual, $5,400; Cash, $0. Dec. 31, 2005, asset: Accrual, $...
Saturday, December 31, 2011 at 10:40am

auditing
I have been asked "Determining whether amounts are in conformity with GAAP addresses the proper measurements of assets, liabilities, revenues, and expenses which includes all of the following except: a. the reasonableness of management's accounting principles. b. ...
Monday, December 19, 2011 at 12:49pm

Accounting
O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000; Utilities Expense ₤ 6,000; Cash 14,000; Accounts Receivable 27,000; Service Revenue 108...
Sunday, December 18, 2011 at 2:03am

Accounting
O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000; Utilities Expense ₤ 6,000; Cash 14,000; Accounts Receivable 27,000; Service Revenue 108...
Sunday, December 18, 2011 at 1:57am

Accounting
Can someone tell me the formula of how to calculate depreciation?
Monday, December 12, 2011 at 6:53am

accounting
RC Corp. uses a job order cost accounting system. During the month of April, the following events occurred: (a) Purchased raw materials on credit, $32,000. (b) Raw materials requisitioned: $25,800 as direct materials and $10,500 indirect materials. (c) Paid factory payroll for...
Saturday, December 10, 2011 at 3:18am

accounting
In 2007, Clyde Blackstock opened Clyde’s Pets, a small retail shop selling pet supplies. On December 31, 2007 Clyde’s accounting records showed the following: Merchandise inventory at December 31, 2007 $10,250 Merchandise inventory at January 1, 2007 $15,000 Sales ...
Saturday, December 10, 2011 at 3:17am

accounting
Plumley Ad Agency contracted with a company to prepare an ad campaign. Plumley uses a job order costing system. Plumley estimates that the job will take 145 designer hours at $90 per hour and 85 staff hours at $45 per hour. Plumley uses two overhead rates in applying overhead ...
Saturday, December 10, 2011 at 3:16am

accounting
What is the acid test ratio? Is it the same thing as the quick ratio?
Friday, December 9, 2011 at 11:23pm

Accounting
When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $103 per share, and 70,...
Friday, December 9, 2011 at 9:07pm

Accounting
The following information is necessary to compute the net assets (stockholders' equity) and book value per share of common stock for Rothchild Corporation: 8% cumulative preferred stock, $100 par $ 200,000 Common stock, $5 par, authorized 100,000 shares, issued 60,000 ...
Friday, December 9, 2011 at 8:50pm

Accounting
Accounting professionals must sometimes choose between two or more acceptable methods of accounting for business transactions and events. Explain why these situations can involve difficult matters of ethical concern.
Thursday, December 8, 2011 at 12:42am

Accounting
Lovvern Trophies makes and sells trophies it distributes too little league ballplayers. The company normally produces and sells between 8,000 and 14,000 trophies per year. The following cost data apply to various activity levels
Wednesday, December 7, 2011 at 7:40pm

Accounting
Simon issues four-year bonds with a $50,000 par value on June 1, 2011, at a price of $47,974. The annual contract rate is 7%, and interest is paid semiannually on November 30 and May 31.
Monday, December 5, 2011 at 6:19pm

accounting
The following information relates to Vice Versa Ventures for calendar year 20XX, the company’s first year of operations: Units produced 20,000 Units sold 17,000 Selling price per unit $35 Direct material per unit $5 Direct labor per unit $5 Variable manufacturing overhead...
Sunday, December 4, 2011 at 8:02pm

Accounting
Directions: Be sure to make a copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be ...
Saturday, December 3, 2011 at 9:14am

acc
Which of the following is a true statement about manual and electronic accounting systems?
Saturday, December 3, 2011 at 1:48am

accounting
refer to christmas company. how many units are to be tracked for forming?
Monday, November 28, 2011 at 10:09pm

accounting
1,150,000 in cash. How long would it take them to accumulate $2,000,000 in cash? Assume an interest rate of 5 percent.
Monday, November 28, 2011 at 9:43pm

Accounting
how and what do I post from the cash receipts journal to the general journal
Monday, November 28, 2011 at 2:22pm

Accounting
What impact does amt have on the decision to whether to use either the percentage of completion method or completed contract for reporting profit on longterm contracts?
Sunday, November 27, 2011 at 10:31pm

Accounting
Kelly B. Roach Single, 1 Allowance $415/week Deduction for 401(k) plan 50/week Annual Taxes Withheld 1,337.96 Social Security tax withheld 313.04 Medicare tax withheld 662.48 State Income tax withheld 928.20 Local Income tax withheld Ralph Volpe Married, 1 Allowance 485/week ...
Sunday, November 27, 2011 at 1:32am

Business Accounting
Financial Reporting Analysis- Individual transaction often have a significant impact on ratios. This problem will consider the direction of such an impact
Saturday, November 26, 2011 at 9:42pm

medical billing
The Local School District Has Asked Your Clinic To Submit a Proposal To Do Pre Employment Physicals FOr 60 Bus Drivers What Financial Or Accounting inFOrmation Do You Need To Submit The Proposal
Saturday, November 26, 2011 at 5:44pm

managerial accounting
32) Sarker manufacturing company produces and sells 40,000 units of a single product. Variable costs total $80,000 and fixed costs total $120,000. If each unit is sold for $8, what markup percentage is the company using?
Saturday, November 26, 2011 at 10:46am

Finance
1) A typical use of managerial accounting is to: a) help investors and creditors assess the financial position of the company b) help management get a clean audit report c) help the marketing manager decide which product promotion to implement d) help the SEC decide whether ...
Friday, November 25, 2011 at 1:36pm

Finance
1) A typical use of managerial accounting is to: a) help investors and creditors assess the financial position of the company b) help management get a clean audit report c) help the marketing manager decide which product promotion to implement d) help the SEC decide whether ...
Friday, November 25, 2011 at 1:34pm

accounting
jim reed manages a fleet of utility trucks for a rural county government. He's been in his job 30 years, and he knows where the angles are. He makes sure that when new trucks are purchased, the salvage is set as low as possible. Then, when they become fully depreciated ...
Friday, November 25, 2011 at 1:26pm

financial accounting
(5) Chapter 13 Problem The Torre Company has the following balances in stockholders equity on December 31st. Common Stock - $5.00 par, 60,000 issued $300,000 Additional paid in capital - common 600,000 Preferred stock - $100 par, 5,000 issued 500,000 Additional paid in capital...
Friday, November 25, 2011 at 1:09pm

Corporate Finance
1) A typical use of managerial accounting is to: a) help investors and creditors assess the financial position of the company b) help management get a clean audit report c) help the marketing manager decide which product promotion to implement d) help the SEC decide whether ...
Friday, November 25, 2011 at 7:42am

accounting
Given the case assignment, do items 1 – 4 1. Draw a partial REA diagram of the XYZ Company’s revenue cycle to model there events: taking customer orders, deliveries, and the use of vehicles. Be sure to include cardinalities 2. Create a set of tables (either on paper...
Tuesday, November 22, 2011 at 11:00am

Accounting 3
What arguments can be advanced in favor of treating fixed manufacturing overhead costs as product costs? What arguments can be advanced in favor of treating fixed manufacturing overhead costs as period costs? Which arguments do you find to be the most valid? Explain.
Monday, November 21, 2011 at 11:35pm

Accounting 3
What arguments can be advanced in favor of treating fixed manufacturing overhead costs as product costs? What arguments can be advanced in favor of treating fixed manufacturing overhead costs as period costs? Which arguments do you find to be the most valid? Explain.
Monday, November 21, 2011 at 10:31pm

finiance
WM3 is a company who is looking to expand. There is a potential deal with a furniture company but MW3 is not sure if they should take this deal. The furniture company is offering a 4 year contract for 100,000 units per year at a fixed price of $55.50 per unit. WM3 has ...
Sunday, November 20, 2011 at 7:55pm

accounting
Components of Cost-Volume-Profit Analysis 1.Explain the components of cost-volume-profit analysis. 2.What does each of the components mean? 3.What happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a ...
Sunday, November 20, 2011 at 12:57pm

statistics
An accounting firm is planning for the next tax preparation season. From last year's returns, the firm collects a systematic random sample of 100 filings. The 100 filings showed an average preparation time of 90 minutes with a standard deviation of 140 minutes. What is the...
Saturday, November 19, 2011 at 8:57pm

math
Suppose that an accounting firm does a study to determine the time needed to complete one person's tax forms. It randomly surveys 100 people. The sample average is 23.8 hours. There is a known population standard deviation of 6.0 hours. The population distribution is ...
Saturday, November 19, 2011 at 3:49pm

Accounting
What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the budget is used for and what information it provides a business. As you respond to your classmates, discuss how the budget you described relates to the ...
Thursday, November 17, 2011 at 1:39pm

accounting
what are some examples of long format reports? When might an accounting department or accounting firm use these reports?
Wednesday, November 16, 2011 at 6:39pm

Accounting
If you treat the day of the month as a number (March 12th is the number 12, April 4th is the number 4), what is the average value of the numbers that represent the 6 Tuesdays that fall after September 12, 2011?
Wednesday, November 16, 2011 at 12:02pm

accounting
A city is served by two newspapers—the Tribune and the Daily News. Each Sunday reader purchases one of the newspapers at a stand. The following transition matrix contains the probabilities of a customer’s buying a particular newspaper in a week, given the newspaper ...
Tuesday, November 15, 2011 at 5:19pm

accounting
What is the future value on 12/31/2014 of a deposit of $10,000 made of 12/31/2010 assuming interest of 16% compound quarterly.
Monday, November 14, 2011 at 9:33pm

ACCOUnting
Chen Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2010 are as follows. Production Data-Basketballs Units Percent Complete Work in ...
Monday, November 14, 2011 at 1:20pm

Accounting
Materials costs of $300,000 and conversion costs of $321,300 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in ...
Monday, November 14, 2011 at 1:20pm

Accounting
A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in the ending work in process. If 12,000 units were completed and transferred out of the process during the month, how many units were started into ...
Monday, November 14, 2011 at 1:19pm

accounting
After filling out a perpetual inventory card using fifo i need to find out how to prepare a journal entry to record a sale of 60 units sold assuming i got 5.00 each for them? Confused
Monday, November 14, 2011 at 10:14am

Accounting/Finance
A for-profit hospital, has a high degree of business risk the preferred method of financing growth would be ? a. Short-term debt b. By increasing leverage c. Bonds d. Equity e. Long-term debt
Sunday, November 13, 2011 at 10:11am

accounting
help on comprehensive problem #4 apendix B from fundamentals of taxation 2011 edition 4 by cruz
Saturday, November 12, 2011 at 9:09pm

accounting
How do you journalize theses transactions? 8) Purchased $15000 food to sell; paid 1/3 in cash and the balance on account 10) Paid $30000 for a one-year insurance policy effective October 1, 2011 12) Purchased supplies for $2400 on account.
Saturday, November 12, 2011 at 7:55pm

finance
Aunt Sallys foods is a full line producer of ready to use jarred food. Their products are well received in the market place competing with other brands as ragu and heinz. Consider the following expansion opportunity for Aunt Sally. Sally is considering expansion into a new ...
Saturday, November 12, 2011 at 7:21pm

accounting
A firm has a balance in its account receivable account and decides to sell the receivables to a factos without recourse. the factor imposes a 10% fee and agrees to pay $36,000 for the receivables. In addition, the seller and the factor agree that $3,000 of the sales price will...
Saturday, November 12, 2011 at 2:55am

accounting
Why can't reversing entries be used on cash accounts?
Thursday, November 10, 2011 at 12:45pm

accounting
Your company manufactures specialty items. In order to reduce any loss from a customer canceling an order after production has been started, your company requests a 50% deposit before it will start the manufacturing process. On January 3, you get an order for a product that ...
Thursday, November 10, 2011 at 10:07am

accounting
The board of trustees of a local church is concerned about the internal accounting controls pertaining to the offering collections made at weekly services. They ask you to serve on a three-person audit team with the internal auditor of the university and a CPA who has just ...
Sunday, November 6, 2011 at 8:47am

Accounting
Explain why it is important to analyze each financial transaction of a business and to report it in the Accounting Information System.
Sunday, November 6, 2011 at 5:32am

accounting
Alpine Bicycle Company manufactures mountain bikes. The following data for May of the current year are available: Use the minus sign to enter favorable variances as negative numbers. a. Determine the direct labor rate variance and direct labor time variance.
Saturday, November 5, 2011 at 9:57pm

accounting
Guard Dog Company recently changed its system of internal control over cash disbursements. The system includes the following features. Instead of being unnumbered and manually prepared, all checks must now be prenumbered and written by using the new checkwriter purchased by ...
Saturday, November 5, 2011 at 8:27pm

accounting
Three different companies each purchased a machine on January 1, 2012, for $54,000. Each machine was expected to last five years or 200,000 hours. Salvage value was estimated to be $4000. All three machines were operated for 50,000 hours in 2012, 55,000 hours in 2013, 40,000 ...
Saturday, November 5, 2011 at 2:47pm

math
R. C. Droid has developed a new computer. He calls it the Droid computer. Mr. Droid has virtually every aspect of his new company well underway except for his sales force. He has not yet hired any salespeople to sell the Droid computer. Mr. Droid believes that any person with ...
Friday, November 4, 2011 at 1:42pm

accounting
Interfund Premiums -- Actuarial estimates from previous fiscal year to determine $ necessary to establish a reserve for losses. It was determined that General Fund and water utility should be assessed a 6% fee of total wages/salaries. Pub Safety 5,000,000 Gen Admin 1,500,000 ...
Friday, November 4, 2011 at 10:33am

Accounting
Present value analysis-cost of capital National Leasing is evaluating the cost of capital to use in its capital budgeting process. Over the recent past, the company has averaged a return on equity of 12% and a return on investment of 9%. The company can currently borrow short-...
Thursday, November 3, 2011 at 9:46pm

Accounting
On June 1, Coble Company Ltd. borrows $64,000 from First Bank on a 6-month, $64,000, 9% note. The note matures on December 1. (List multiple debit/credit entries from largest to smallest.) a) Prepare the entry on June 1. b) Prepare the adjusting entry on June 30. c) Prepare ...
Tuesday, November 1, 2011 at 7:54pm

accounting
1. Describe the roles and responsibilities of management and independent auditors in the financial reporting process 2. Define the following three users of financial accounting disclosures and the relationships among them: a) Financial analysts b) Private investors c) ...
Monday, October 31, 2011 at 9:06am

accounting
Selected year- end financial statements of Cadet Corporation follow. ( All sales were on credit; selected balance sheet amounts at December 31, 2008 (prior year – you will need this to calculate certain averages), were inventory, $ 56,900; total assets, $ 219,400; common ...
Sunday, October 30, 2011 at 4:42am

accounting
Express the following comparative income statements in common- size percents and assess whether or not this company’s situation has improved in the most recent year. 5 points) MULAN CORPORATION Comparative Income Statements For Years Ended December 31, 2009 and 2008 2009 ...
Sunday, October 30, 2011 at 4:41am

accounting
Classify each of the following costs incurred in manufacturing bicycles as variable (V), fi xed (F), or mixed (M) cost (using number of units produced as the activity measure). Also indicate whether the cost is direct material (DM), direct labor (DL), or overhead (OH). a. ...
Sunday, October 30, 2011 at 1:01am

accounting
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2010, its first year of operations: January 2 Issue 100,000 shares of common stock for $25 per share. ...
Saturday, October 29, 2011 at 12:51am

computer networking
You have been asked to help upgrade the LAN at a very successful CPA firm with five departments in one building and a total of 560 employees. Although the firm's employees understand accounting, they haven't spent much time improving their network. Currently, it runs ...
Friday, October 28, 2011 at 4:43pm

Accounting
Could someone please look this over and tell me if I have this correct? I am not confident in the Trial Balance. May 1 Cash 101 25,000 Common Stock 311 25,000 3 Supplies 126 2,500 Accounts Payable 201 2,500 7 Rent Expense 729 900 Cash 101 900 11 Accounts Receivable 112 2,100 ...
Wednesday, October 26, 2011 at 1:22pm

accounting
O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000 Utilities Expense ₤ 6,000 Cash 14,000 Accounts Receivable 27,000 Service Revenue 108,000...
Tuesday, October 25, 2011 at 3:17am

Accounting
Could someone please look this over and tell me if I have this correct? I am not confident in the Trial Balance.  May 1 Cash 101 25,000 Common Stock 311 25,000 3 Supplies 126 2,500 Accounts Payable 201 2,500 7 Rent Expense 729 900 Cash 101 900 11 Accounts Receivable 112 2...
Monday, October 24, 2011 at 10:29pm

accounting
Company reports net income of $ 530,000 for the year ended December 31, 2009. It also reports $ 95,400 depreciation expense and a $ 4,000 gain on the sale of machinery. Its comparative balance sheets reveal a $ 42,400 increase in accounts receivable, $21,730 increase in ...
Monday, October 24, 2011 at 7:31pm

accounting
:The balance sheet for Glenwood Corporation at December 31, 2011, showed the following subtotals: Current Assets $140,000 Current Liabilities 80,000 Property & Equipment 420,000 Total Stockholders' Equity 420,000 Retained Earnings 120,000 Total Liabilities 210,000 Other ...
Sunday, October 23, 2011 at 9:31pm

accounting
Journalize the write-offs and the year-end adjusting entry for 2012 under the allowance method, assuming that the allowance account had a beginning balance of $55,000 on January 1, 2012, and the company uses the analysis of receivables method. If an amount box does not require...
Sunday, October 23, 2011 at 4:02pm

Accounting
I have to write a paper for accounting and I have to write about how it affect my responsibility and how it will affect my future. I need to know how to get started on this.
Saturday, October 22, 2011 at 3:37pm

Accounting
Sales Revenue: $71,200 Cost of Goods Sold: (a) Gross Profit: $30,000 Operating Expenses: (b) Net Income: $12,100 Find the missing amounts. This is what I got: a) $41,200 b) $17,900 I am pretty sure I am doing this right. But before I move on with my homework, I would like to ...
Saturday, October 22, 2011 at 2:06pm

accounting
Suppose the business has total assets worth Rs. 450,000/- and total liabilities of Rs. 800,000/-. Mr. Ali has the personal property of Rs. 200,000/- and Mr. Yasir has the personal property of Rs. 125,000/-. In case the business is liquidated and declared as bankrupt, up to ...
Saturday, October 22, 2011 at 12:43pm

Accounting
Please Help. I can't get the balance sheet to balance out at at. I am frustrated! Prepare a Trial Balance, an Income Statement and a Balance Sheet. Doris' Custom Designs Jan. 1 Doris deposits $10,000 in the bank to start her business. (Hint: use "misc. credit"...
Friday, October 21, 2011 at 4:32pm

accounting
Explain the differences between a proprietorship, a partnership, and a corporation in 200 to 300 words. Why would an entrepreneur want to choose one over the other? If you were starting a new business, which would you choose? Explain why.
Wednesday, October 19, 2011 at 7:28am

Accounting
Original budget for 2009 included $600,000 fixed overhead and $400,000 variable overhead. Labor hours were estimated at 200,000 labor hours. The predetermined overhead rate was $5 per hour. Actual overhead turned out to be $1,100,000. Actual labor hours were 220,000 which ...
Tuesday, October 18, 2011 at 7:20pm

Accounting
How do I post an adjusted entry for the following: The company prepaid its 9th month rent agreement on 6-1-2010 and prepaid its 6th month insurance policy on 12-1-2010.
Tuesday, October 18, 2011 at 7:15pm

accounting
What generally accepted Accounting Principle(s) dominate the issue of asset valuation?
Tuesday, October 18, 2011 at 4:56pm

Accounting
Original budget for 2009 included $600,000 fixed overhead and $400,000 variable overhead. Labor hours were estimated at 200,000 labor hours. The predetermined overhead rate was $5 per hour. Actual overhead turned out to be $1,100,000. Actual labor hours were 220,000 which ...
Tuesday, October 18, 2011 at 12:22am

managerial accounting
For year ended December 31, 2006, firm a produced and sold 12,000 units of product. Fixed expenses associated with producing the product totaled $4000 for the year. A variable cost of $3.20 per unit was incurred to produce the product. Fixed expenses associated with selling ...
Monday, October 17, 2011 at 11:20am

managerial accounting
Werntz furniture had actual sales for July and august and forecasted sales for September, October, November and December as follows: Actual: July………………​……………… ​3;………………&#&#...
Monday, October 17, 2011 at 11:18am

accounting
Bill has just started working for a major grocery store as a check-out clerk. Mason is training him in the duties of the new position. At the end of the first day, Bill and Mason are counting the cash in their drawer and reconciling cash receipts to the cash register total. ...
Sunday, October 16, 2011 at 10:28pm

HUMAN ORGANIZATON BEHAVIOR..MS. SUE PLEASE HELP
can u help to have an idea to get the correct answer.for the question below. AUTOCRATIC,CUSTODIAL, SUPPORTIVE AND COLLEGIAL MODEL. What model of organizational behavior would be most appropriate in each of the following situations? (Assume that you must use the kinds of ...
Sunday, October 16, 2011 at 9:45pm

HUMAN ORGANIZATON BEHAVIOR.... PLEASE HELP
can u help to have an idea to get the correct answer.for the question below. What model of organizational behavior would be most appropriate in each of the following situations? (Assume that you must use the kinds of employees and supervisors currently available in your local ...
Sunday, October 16, 2011 at 8:01pm

accounting
My friend Robert Hughes runs hardware business in down town Dallas. Because of competition he relies on neighborhood customers for sales. From inception of operations to December 31, 2010, Robert Hughes Hardware Company provided for uncollectible accounts receivable under the ...
Sunday, October 16, 2011 at 6:08pm

Accounting
Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2010 using the straight-line method. INFO: Sharapove Co common stock, $100 par 200 shares     $37,400 U.S. government bonds, 11%, due 4/1/2020, interest payable 4/1 & 10/...
Sunday, October 16, 2011 at 5:51pm

Accounting
Prepare a schedule that lists the components of and calculates the personal and dependent exemption amount (based on current year exemption and dependency amount) that would be included on the Brock's individual tax return based on the following information: The Brock'...
Sunday, October 16, 2011 at 1:18pm

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,...
Friday, October 14, 2011 at 9:46am

cost accounting
The East Company manufactures several different products. Unit costs associated with Product ORD203 are as follows: Direct materials $50 Direct manufacturing labor 8 Variable manufacturing overhead 10 Fixed manufacturing overhead 23 Sales commissions (2% of sales) 5 ...
Friday, October 14, 2011 at 12:12am

accounting
Do you really think a company would offer a free gift to understate sales? It may avoid paying tax, but it is then giving away inventory. Do you think that is wise?
Thursday, October 13, 2011 at 9:22am

human behavior in organization pls. need help.
please can you help to get an answers from your own words. this is my assessment and i need tosubmit but i relly could not get the best answer.it's maybe because of my mother tongue is not an english.i would be very happy if you can help me so that i can submit. questons: ...
Wednesday, October 12, 2011 at 7:49pm

accounting
I do not understand why stock option compensations need to be included as an expense when calculating the company's net income?
Wednesday, October 12, 2011 at 3:04pm

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