Recent Homework Questions About Accounting
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Managerial Accounting
How does lowering your estimated direct labor hours increase your net operating income at the end of the fiscal year?
Tuesday, January 12, 2010 at 9:13am
Accounting
what does delay payment of liabilities mean? and what is a good example of this?
Monday, January 11, 2010 at 12:17pm
accounting
is there any accounting helpers on this site.
Monday, January 11, 2010 at 2:34am
Accounting
North Pole Cruise Lines issued preferred stock many years ago. It carries a fixed dividend of $6 per share. With the passage of time, yields have soared from the original 6 percent to 14 percent (yield is the same as required rate of return). A. What was the original issue ...
Sunday, January 10, 2010 at 10:00pm
Accounting
Go to Table 10-1 which is based on bonds paying 10 percent interest for 20 years. Assume interest rates in the market (yield to maturity) decline from 11 percent to 8 percent: A. What is the bond price at 11%? B. What is the bond price at 8%? C. What would be your percentage ...
Sunday, January 10, 2010 at 9:58pm
accounting
Midland Oil has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is: A. 7 percent. B. 10 percent. C. 13 percent.
Sunday, January 10, 2010 at 9:53pm
accounting
You need $28,974 at the end of 10 years, and your only investment outlet is an 8 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. A. What single payment could be ...
Sunday, January 10, 2010 at 9:53pm
accounting
Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight years; or $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you choose? If you could earn 12 ...
Sunday, January 10, 2010 at 9:52pm
Accounting
Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock for $33. What is the...
Sunday, January 10, 2010 at 9:51pm
accounting
On July 1, 2010, Brower Industries Inc. Issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13%, receiving cash of $30,237, 139. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year...
Sunday, January 10, 2010 at 9:30pm
accounting
Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Analyze why each factor is important and the risks of not considering each factor.
Sunday, January 10, 2010 at 9:14pm
accounting
Doing a balance sheet. Trying to understand what Bal c/d, and Bal d/d means. It gives me the profit for the year then the payout also gives me the earnings for the year and then the two quotes above which I cannot find the definition of anywhere in my reading assignment.
Sunday, January 10, 2010 at 3:19pm
Accounting
a net loss of $50,000 in 2009 and net income of $250,000 in 2010. The increase in net income of $300,000 can be stated as 200% increase cannot be stated as a percentage can be stated as 0% can be stated as 100% increase
Saturday, January 9, 2010 at 7:51pm
Accounting
If a company pays $4.90 dividend at the end of the year, and the stock price is $80, and the growth rate is 6%. How could you increase the dividend yield? If a company has constant 5% increase in dividend payouts each year and no increase in the growth rate is that good ...
Friday, January 8, 2010 at 5:14pm
Accounting
Does the structure of a company's portfolio matters in deciding on the required rate of return? In other words does the ratio of stocks to bonds affect the required rate of return?
Friday, January 8, 2010 at 5:01pm
accounting
Compare accounting practices (for engagement and examination) between a small county hospital and a private, not for profit nursing home under FASB guidance
Friday, January 8, 2010 at 11:08am
Accounting
what is a manufacturing overhead budget and why is it used?
Thursday, January 7, 2010 at 4:40pm
college Managerial accounting
Problem 47 Simon Hinson Company operates two divisions: Gordon and Ronin. A segmented income statement for the company’s most recent year is as follow: Total Company Gordon Division Ronin Division Sales $850,000 $250,000 $600,000 Less variable expense 505,000 145,000 360,...
Thursday, January 7, 2010 at 7:39am
international business
Some argue that translation gains or loses are not important so long as they have not been realized and are only accounting entries. what is the other side of that argument?
Wednesday, January 6, 2010 at 7:28pm
Accounting
what are the different types of accounting budgets?
Wednesday, January 6, 2010 at 6:23pm
Accounting
How does budgeting help management make good business decisions?
Tuesday, January 5, 2010 at 7:13pm
Accounting
How does establishment of responsibility work?
Tuesday, January 5, 2010 at 4:51pm
Accounting
When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable? What kind of problems could be created if a financial report is not reliable, relevan, consistent, or comparable?
Tuesday, January 5, 2010 at 11:25am
Accounting
Smith Company for the year ended December 31, has $169,000 recorded in the Debit column and $193,434 in the Credit column on the line for the Income Summary account. What were tht beginning and ending balances for Merchandise Inventory?.
Saturday, January 2, 2010 at 7:45pm
accounting
Is it necessary for a finance manager to understand accounting if the firm has a professional accountant on staff and why?
Saturday, January 2, 2010 at 5:43pm
Accountant
It is stand accounting procedures, or GAAP, to make an adjusting entry to remove the current year’s principle from the long-term liabilities. This entry reduces the long-term liabilities and increases the current liabilities. You are the bookkeeper for Biker’s ...
Friday, January 1, 2010 at 4:49pm
Accounting
Assume that at the beginning of 2000, Quick Travel, a FedEx competitor purchased a used Boeing 737 aircraft at a cost of 60,000,000. Quick Travel expects the plane to remain useful for 5 years (5 million miles) and to have a residual value of 5,000,000. Quick Travel expects to...
Friday, January 1, 2010 at 12:32pm
accounting
I continue getting the wrong totals can you please help me solve this problem and give me the correct formula and Journal entries. On Jan 1 2004 Brown Airways purchased an airplane for 34,450,000. Brown airways expect the plane to remain useful for 6 years and have a residual ...
Friday, January 1, 2010 at 12:18pm
Business Accounting
Given the following data by how much would taxable incoome change if LIFO is used rather that FIFO Beg Inv. 3500 unit at 60 units sold 8100 Purchases 6500 units at 70
Wednesday, December 30, 2009 at 3:15pm
Accounting
When you apply the lower- of- cost- or market rule, market values generally refers to. which one current sales FIFO LIFO current replacement
Wednesday, December 30, 2009 at 10:35am
college
I need help to journalize these transactions for accounting. Samantha purchased inventory costing 125,000 and sold 70% of the goods for 162,500 all purchases and sales were on account She later collected 25% of the accounts receivable Which is the perpetual inventory system ...
Wednesday, December 30, 2009 at 10:32am
accounting
what is the function of the securites and exchange commission
Tuesday, December 29, 2009 at 10:04pm
accounting
accounting what groups consistently offer opinions about proposed fasb statement
Tuesday, December 29, 2009 at 9:58pm
Math-linear programming
The Furniture Co has two plants. The Eastside one makes Table and Chairs for school classrooms and the Westside one makes Desks and Computer Workstations. (See tables attached in excel). The Furniture Co is considering combining operations of both plants into a single one. ...
Monday, December 28, 2009 at 9:28pm
cci
It is stand accounting procedures, or GAAP, to make an adjusting entry to remove the current year’s principle
Monday, December 28, 2009 at 1:47pm
Business Accounting
As a potential investor in a firm, would you be interested in evaluating the Company's Financial Statements? Why or why not? If so, what would be the key information you would seek from a firm's Financial Statements?
Sunday, December 27, 2009 at 3:26pm
Understanding Business
Is it necessary for a Finance Manager to understand Accounting if the firm has a professional accountant (CPA) on staff? Why or why not?
Sunday, December 27, 2009 at 2:51pm
cci
It is stand accounting procedures, or GAAP, to make an adjusting entry to remove the current year’s principle from the long-term liabilities. This entry reduces the long-term liabilities and increases the current liabilities. You are the bookkeeper for Biker’s ...
Saturday, December 26, 2009 at 2:07am
accounting
Unusable Financial Statements 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 ...
Tuesday, December 22, 2009 at 11:50pm
accounting
Sometimes printouts of financial statements have errors and are not usable.
Tuesday, December 22, 2009 at 11:49pm
accounting
how to calculate interim dividend for 6 months ending on 30th june @ 3% for the period ending on 31/12/08 and also show how it will affect the profit & loss account & balance sheet if the interim dividend on trial balance is 18000
Tuesday, December 22, 2009 at 4:37am
business
a. What type of information does managerial accounting provide?
Monday, December 21, 2009 at 2:54am
accounting
a. What type of information does managerial accounting provide?
Monday, December 21, 2009 at 2:53am
accounting
How to find debt ratio
Sunday, December 20, 2009 at 2:11pm
Business Accounting
Please how i write this up in a journal entry: The stockholders’ equity section of Joe’s Bistro’s balance sheet on January 1: Common stock $2 par, 2,000 share issued and outstanding – 4,000; Additional Paid-in Capital – 1,600; retained earnings – ...
Friday, December 18, 2009 at 2:50pm
Algebra
Scenario #1: You handle internal accounting for Anderson Homes, a land/housing developer. The company purchased land in Central Arkansas and developed 200 acres. Two orders were recently placed with a nursery by the company’s landscapers. The invoices from the orders do ...
Thursday, December 17, 2009 at 7:47pm
accounting
In your white paper presented to Tim and Anna, you shared with them the need to adopt a strategy that includes preserving current assets as well as creating future growth. As a result, you provided the tools they needed to consider to accomplish their goals: property and ...
Wednesday, December 16, 2009 at 6:25pm
Accounting
◦Develop a 10- to 12-slide Microsoft PowerPoint presentation that you could use as part of this training session. ◦Explain what each of the different responsibility centers is and what each is accountable for and why each center has its own budget.
Wednesday, December 16, 2009 at 9:47am
Accounting
6. Morris Company has wages of $800,000, federal withholding is 25%, state withholding is 3.4%, and FICA withholding is 7.65%. What is the journal entry to record these wages?
Monday, December 14, 2009 at 8:17pm
Managerial financial accounting
what effect would the reclassification of salary and the office rent have on the company's product cost
Monday, December 14, 2009 at 4:21pm
managerial financial accounting
what effect would the changein predetermined overhead rate have on the company's inventory valuE
Monday, December 14, 2009 at 4:18pm
accounting
uconn has issued a 10 year $5,000,000 bond with semi annual interest payment with a contract rate of interest of 8%..determine the following you: how much will uconn have to pay to retire the bonds after it pays off the final interest payment at the end of the 10th year?
Monday, December 14, 2009 at 2:44pm
Accounting
5. Ken Lay was the chair of the board and the CEO for much of the time. How did this probably contribute to the lack of proper governance?
Sunday, December 13, 2009 at 9:08pm
Accounting
What happens if the financial statement is missing a step in the accounting cycle?
Sunday, December 13, 2009 at 7:05pm
accounting
Target Corporation is currently seeking additional capital to expand its operations. Two companies have shown interest in providing additional capital. Company #1 is interested in investing in the organization and, therefore, would like to have part ownership through the sale ...
Sunday, December 13, 2009 at 5:37pm
Accounting
What is your margin tax rate________ and what is your average tax rate_________? During the year you earned $48,000 after deductions and exceptions and paid $8,188 in taxes. Tax rate___over______up to 10%_________0________8,350 15%_______8,350______33,950 25%_______33,...
Sunday, December 13, 2009 at 1:48am
Accounting
What is your margin tax rate________ and what is your average tax rate_________? During the year you earned $48,000 after deductions and exceptions and paid $8,188 in taxes. Tax rate over up to 10% 0 8,350 15% 8,350 33,950 25% 33,950 82,250 28% 82,250 171,550 33% 171,550 372,...
Sunday, December 13, 2009 at 1:44am
accounting
how would interest on a bank loan be adjusted using joural intries
Friday, December 11, 2009 at 1:37pm
accounting
Trader sells 15 units for $25 each on December 15. Eight of the sold units are from the December 7 purchase and seven are from the December 14 purchase. Trader uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are ...
Friday, December 11, 2009 at 1:13am
accounting
Refer to Target Corporation's financial statements Target Corporation is currently seeking additional capital to expand its operations. Two companies have shown interest in providing additional capital. Company #1 is interested in investing in the organization and, ...
Wednesday, December 9, 2009 at 2:49pm
Managerial accounting
For its fiscal year ending October 31, 2008, Molini Corporation reports the following partial data
Tuesday, December 8, 2009 at 11:27pm
Accounting
Is it ethical to lengthen asset lives to reduce depreciation expense using the straight line method? Also, is this against accounting regulations?
Tuesday, December 8, 2009 at 3:32pm
accounting
Les fleurs a boutique in paris france had the following accounts in its accounting records at december 31, 20x2. compute the following for les fleurs during 20x2 net sale cost of goods sold net income balance sheet december 31, 20x2 statement of owners equity december 31, 20x2
Monday, December 7, 2009 at 11:43pm
economics
The Midnight Hours, a local nightclub earned 100,000 in accounting profits last year, this year the owner, who had invested 1,000,000 in the club, decide to close the club. What can you say about the economic profit (and the rate of return) in the night-club business?
Monday, December 7, 2009 at 7:06pm
accounting
You are provided with the following transactions that took place during a recent fiscal year. Complete the table indicating whether each item (1) should be reported as an operating (O) activity, investing (I) activity, financing (F) activity, or as a noncash (NC) transaction ...
Monday, December 7, 2009 at 2:57pm
accounting
Excel document (2-3 pages) Details: Incorporate an ESO plan into a company's valuation. The c9mpany is Starbucks For your company (the company you used for the first two Units), incorporate the effect of the Employee Stock Option (ESO) plan into the common equity valuation...
Monday, December 7, 2009 at 10:56am
Accounting
How would the exchange of stock for land be handled on a cash flow statement?
Sunday, December 6, 2009 at 9:54pm
accounting
From owner:Adjust cheque #171 to Fundy Gift House. The cheque amount was 600.00 in partial payment of invoice #FG-361.
Saturday, December 5, 2009 at 11:07am
accounting
compute for the unknown please help me, i really dont underdstand this CASE A cost of goods manufactured 15,000 cost of good sold 25,000 finished goods invty. jan 1 22,500 finished good invty. dec 31 ? thank you
Friday, December 4, 2009 at 7:22pm
Accounting
A company incurs a cost for a part which is needed to repair a piece of equipment. Is the cost an asset or an expense? Explain.
Friday, December 4, 2009 at 2:19pm
accounting
Write a 200- to 300-word response explaining what information would be found in each of the following groupings on a classified balance sheet and how that data might indicate the future success or failure of a business: o Current assets o Long-term investments o Property, ...
Thursday, December 3, 2009 at 6:23pm
accounting
Can anyone tell me how earnings are valued, how shareholder wealth can be maximized and how management decisions affect stockholder wealth? This is confusing.
Thursday, December 3, 2009 at 5:28pm
accounting
How do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is unchanged. ...
Thursday, December 3, 2009 at 12:36pm
accounting
using the equation A=L+OE how would you balance this problem: You buy acompany for $200,000 - Assets are land $50,000, building $130,000, equip $20,000. Took 70,000 from personal bank account to invest in business. Made a down payment of $40,000 and deposited the rest in the ...
Monday, November 30, 2009 at 9:54pm
accounting
P15-1 Comparative statement data for Douglas Company and Maulder Company, two competitors, appear below. All balance sheet data are as of December 31, 2009, and December 31, 2008. Douglas Company Maulder Company 2009 2008 2009 2008 Net sales $1,549,035 $339,038 Cost of goods ...
Sunday, November 29, 2009 at 2:10pm
managerial accounting
Perpare a flexible overhead budget based on the amounts proceeding. 117,500units & 118,500 units.. Static overhead Budgeted info 117,500 units, Indirect Materials $7,050, Indirect labor was $11,750, Utilities $10,575, Maintenance $5,875, The accounts with the same figures as ...
Thursday, November 26, 2009 at 6:02pm
accounting
Group Project Doug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship. The $1,000 consisted of a $600 loan from his father and $400 of his own money. Doug rented ...
Wednesday, November 25, 2009 at 12:49pm
financial accounting
Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B, especially the Consolidated Statements of Income and the Balance Sheets on pp. A4, A6, B1, & B2 of Financial Accounting
Monday, November 23, 2009 at 10:44pm
Accounting
• Write a 200- to 300-word response explaining what information would be found in each of the following groupings on a classified balance sheet and how that data might indicate the future success or failure of a business: o Current assets o Long-term investments o ...
Friday, November 20, 2009 at 10:34pm
accounting
I am trying to figure out the cost of merchandise destroyed on Feb. 7th given the following information: Jan 1. Merchandise inventory $144,200 Jan. 1-Feb. 7 Purchases (net) 40,000 Jan. 1-Feb. 7 Sales (net) 70,000 Estimated gross profit rate: 40% (gross profit rate=gross profit...
Thursday, November 19, 2009 at 6:55pm
accounting
Common stock $1.50 par, 1800 million shares issued.....................$2700 Capital in excess of par..........$8100 Retained Earnings.................$1200 Treasury stock....................$0 Total S. Equity.................$12,000 If million shares of common stock are ...
Wednesday, November 18, 2009 at 9:43am
Fundamentals of business law
You work for the city of Bigtown's legal department. Bigtown has been trying for years to attract more convention business, but it has been unsuccessful to date. The new mayor was voted in on the tagline, "I'll make Bigtown the place to see and be seen." It&#...
Sunday, November 15, 2009 at 10:50pm
Cost Accounting
28) LO.4 (EVA) Mountain Mist Inc.’s cost of capital is 11 percent. In 2008, one of the firm’s division generated and EVA of $1,130,000. The fair market value of the capital investment in that division was $26,500. How much after-tax income was generated by the ...
Sunday, November 15, 2009 at 6:14pm
accounting
Why are internal controls and audit trails important in a computerized accounting system?
Friday, November 13, 2009 at 5:31pm
accounting
2. Illustrate effects on the accounts and financial statements of each of the following transactions. For a company using a job order cost system: (a) Materials purchased on account $176,000 (b) Materials requisitioned: For production orders $161,500 For general factory use $8...
Thursday, November 12, 2009 at 11:01pm
accounting
1. A pressurized spray painter was purchased on April 1 of the fiscal year for $4,800. It has a useful life of 4 years and a residual value of $300. Determine depreciation expense for the first two years, assuming a fiscal year end of December 31 and using (a) the straight-...
Thursday, November 12, 2009 at 10:59pm
accounting
Iron's paper Company, whose fiscal year ends December 31, completed the following transactions involving notes payable: Nov. 25 Purchased a new loading cart by issuing a 60day, 10% not for $43,200 Dec. 16 Borrowed $50,000 from the bank to finance inventory by signing a 90 ...
Thursday, November 12, 2009 at 9:08pm
Accounting
Given the following information for the fiscal year ended June 30, 2001: Product sales: 28,189,612 Service sales: 11,688,793 Cost of goods sold- products: 10,633,956 Cost of goods sold- services: 5,869,106 Operating expense: 14,904,460 Pre-tax operating income: 8,470,883 ...
Wednesday, November 11, 2009 at 11:57am
accounting
Question 2.) Hawkeye Electric Company engaged in the following transactions during July. July 2 – Purchased inventory for cash, $800 July 5 – Purchased store supplies on credit terms of net eom, $600. July 8 – Purchased inventory of $3,000, plus freight charges ...
Wednesday, November 11, 2009 at 3:27am
accounting
● Case 13-4 Application of SFAC No. 13 On January 1, 2006, Lani Company entered into a non cancelable lease for a machine to be used in its manufacturing operations. The lease transfers ownership of the machine to Lani by the end of the lease term. The term of the lease ...
Monday, November 9, 2009 at 10:04pm
Accounting
Information related to Hermesch Company for 2010 is summarized below.
Sunday, November 8, 2009 at 6:13pm
Payroll Accounting
Help with my Payroll Accounting Final Project. Class AC122-05. Please. I am so lost.
Sunday, November 8, 2009 at 10:17am
ACCOUNTING
Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairlifts. Suppose that one lift costs $2 million, and preparing the slope and installing the lift costs another $1.3 million. The lift will allow 300 additional skiers on ...
Sunday, November 8, 2009 at 8:22am
Cost Accounting
Katherine Company's Sales Budget Has The Following Unit Sales Projection For Each Quarter Of The Calendar Year 2009. January -March 540,000 April-June 680,000 July-September 490,000 October-December 550,000 Total 2,260,000 Sales for the first quarter of 2010 are expected ...
Saturday, November 7, 2009 at 11:19am
Accounting
1. A company acquired some land for $80,000 to construct a new office complex. Legal fees paid were $2,300, delinquent taxes assumed were $3,400 and $5,850 was paid to remove an old building. What is the cost basis for the land? a. $90,600 b. $91,550 c. $88,150 d. $87,200 2. ...
Thursday, November 5, 2009 at 11:52pm
accounting
what do you consider might happen if revenue accounts are not closed
Thursday, November 5, 2009 at 10:41pm
Cost Accounting
PLEASE, PLEASE, can you give me the step to calculate these: 1.Prepare the beginning inventory for the first quarter 2.Prepare the budgeted beginning inventory for the second - fourth quarters 3.Prepare the budgeted production for each quarter 4.Prepare the budgeted production...
Thursday, November 5, 2009 at 9:29pm
management accounting
Fi a company has a policy of maintaining an inventory of finished goods equal to 30 percent of the following month's sales. For the forthcoming month of March, Ball has budgeted the beginning inventory at 30,000 units and the ending inventory at 33,000 units. This suggests...
Wednesday, November 4, 2009 at 9:17pm
Accounting
Hi guys, please help me solve this question. Please tell me how exectly should I solved this question. Thanks. On September 1, 2000, ABC Company received an 7000, 12%, 120 day note from a credit customer wishing to extend its repayment period. On october 1st, 2000, thirty days...
Tuesday, November 3, 2009 at 8:07pm
accounting
Why is it important to enter employee payroll information precisely?
Tuesday, November 3, 2009 at 5:29pm
Cost Accounting
What is the variable production cost per unit?
Monday, November 2, 2009 at 6:00pm
economics accounting
how can you improve your financial performance and how can you improve your financial position giving examples?
Saturday, October 31, 2009 at 7:00pm
accounting
Assume an error was discovered: land costing $80,000 (net of tax) was charged to Repsir Expense in 2007. What would the adjustment entry be on the retained earnings statement for 2010?
Friday, October 30, 2009 at 10:11pm
Cost Accounting
Please give the formula to calculate Actual mahcine hours MH budgeted Actual VOH
Friday, October 30, 2009 at 9:39am
payroll accounting
I need the final project in payroll accounting AC 122- 02 AU
Thursday, October 29, 2009 at 10:57am
college Accounting
How do you determine the dividends per share for preferred stock and commom stock for each year?
Wednesday, October 28, 2009 at 10:58pm
Managerial Accounting
Please give an example of how you would use each of the financial reports (income statements, balance sheets, CVP income statements, statement of cash flows, and retained earnings statements) in order to make a business decision.
Tuesday, October 27, 2009 at 10:38pm
Business
Accounting transactions from source documents are recorded in a a. ledger b. cash flow statement c. journal d. profit and loss statement
Tuesday, October 27, 2009 at 6:00pm
ACCOUNTING
what do you consider might happen if revenue accounts are not closed? Explain why. expense accounts are not closed? Explain why. dividends are not closed? Explain why. --
Tuesday, October 27, 2009 at 11:36am
accounting
A new company called Bloomner construct, buys and sells furniture. During January the following happens: 1. The owner of the company pays in $50 000 into the cash, as starting capital. 2. The bank grants the company a bank loan of $40 000, the interest is 15 % annually and the...
Tuesday, October 27, 2009 at 8:37am
Cost Accounting
(allocating joint cost) In one joint process, Hardahl Chemical produces three joint products and one by-product. The following information is available for September 2008 Sales Value at Cost after Final SellingProduct Gallons Split-Off per gallon Split-Off Price Jp-4539 4,000...
Monday, October 26, 2009 at 8:07pm
Cost accounting
If a company has that following information available for October when per unit@4.50 per pound, labor 5.0 hours per unit@10.25 per hour, Actual: material purchased 12,300 pounds @$4.25, material used 11,750 pounds 17,300 direct labor hours@10.20 per hour, what is the labor ...
Sunday, October 25, 2009 at 10:36pm
accounting
Cournot Company sells 100,000 wrenches for $12 a unit. Fixed costs are $300,000, and net income is $200,000. What should be reported as variable expenses in the CVP income statement? (a) $700,000. (c) $500,000. (b) $900,000. (d) $1,000,000.
Saturday, October 24, 2009 at 2:47pm
Accounting
In what circumstances would each approach to stakeholder impact analysis (moral standards, five-question, and Pastin’s approach) be most useful? Summarize the approaches and describe when each would be most or least useful.
Thursday, October 22, 2009 at 9:13am
Cost accounting
Hardahl Chemical produces thc. Approximated net realizable values at split-off.ree joint products and one by-product. The following information is available for September 2008:Sales Value at Cost after Final Selling Product Gallons Split-Off per gallon Split-Off Price Jp-4539 ...
Wednesday, October 21, 2009 at 9:59pm
business law
Identify and discuss the legal, ethical, and technological concerns of the accounting and financial reporting of businesses.
Tuesday, October 20, 2009 at 12:51pm
Accounting 301
If you buy a property worth $30,000. Paid Cash $7000 and the rest has 8% interest to be paid as notes payable in 3 years. What will be the journal entry??
Saturday, October 17, 2009 at 5:43pm
accounting
preent in journal form adjusting entries that would be made on july 31,2011 the end of the fiscal year 1. apr 30, a ten month 9% note for $20,000 was received from a customer
Friday, October 16, 2009 at 7:23pm
Cost accounting
Is one equivalent unit computation sufficient for all cost components?
Thursday, October 15, 2009 at 5:09pm
accounting
Garcia Corporation received cash of $18,000 on August 1, 2010 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2010 adjusting entry is a. debit Rent Revenue and credit Unearned Rent, $7,500. b. debit Rent Revenue ...
Wednesday, October 14, 2009 at 9:33pm
accounting
I was given gross accounts receivable $15,200,000 and $17,600,000 respectively; allowance for uncollectible accounts at the begining and end of the year $1,400,000 and $1,550,000; expense for estimated uncollectible accouts $750,00 which was 1% of sales; no recoveries of ...
Wednesday, October 14, 2009 at 3:35pm
Cost accounting
CleanSweep produces outdoor brooms. On April 30, 2008, the firm had 7,200 units in process that were 60 percent complete as to material, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During May, 374,000 brooms were started. Records indicate ...
Wednesday, October 14, 2009 at 12:25pm
Accounting
Do you help with accounting homework?
Monday, October 12, 2009 at 1:04pm
Accounting 225
Parker Company uses a perpetual inventory system. It entered into the following calendar-year 2005 purchases and sales transactions:
Monday, October 12, 2009 at 12:10am
Accounting
I am having trouble with this problem that is due tonight. Can someone please help!! I am unsure what to do with the information given after the adjusted trial balance. Do I add those numbers into the adjusted trial balance or what do I do with them? HELP!! BizKid Company’...
Sunday, October 11, 2009 at 9:01pm
College
What are the elements of the accounting environment? How do they affect the financial statements? Why are these elements important? How do they affect comparability between companies?
Thursday, October 8, 2009 at 2:15pm
Cost accounting
(Comprehensive) Jackson Construction Company uses a job order costing system. In May 2008, Jackson made a $1,650,000 bid to build a pedestrian overpass over the beach highway in Gulfport, Mississippi. Jackson Construction won the bid and assigned #515 to the project. Its ...
Wednesday, October 7, 2009 at 7:54pm
Cost accounting
Delaware Inc. uses a standard cost system. The company experienced the following results related to direct labor in December 2008: Actual hours worked 49,500 Standard hours for production 46,200 Actual direct labor rate $9.25 Standard direct labor rate $9.75 a. Calculate the ...
Wednesday, October 7, 2009 at 5:07pm
Cost accounting
Red River Products uses a normal cost, job order costing system. In the Mixing Department, overhead is applied using machine hours; in Paving, overhead is applied using direct labor hours. In December 2007, the company estimated the following data for its two departments for ...
Wednesday, October 7, 2009 at 1:38pm
introduction to accounting
the proprietos of two businesses, L.L. sams company and Melinda Garcia career services, have sought loans form you. to decide whether to make the loans, you have requested thier balance sheets
Tuesday, October 6, 2009 at 6:59pm
Accounting
On Jan 1, 2009 the following activitis occurred: a) ICDI, a consulting services company, was orgainized and issed 10,000 shares of capita stock in exchange for $500,000 cash. b)UCDI entered into an agreement with a landlord and paid $60,000 or 6 months rent in advance. c) the ...
Tuesday, October 6, 2009 at 6:27pm
college accounting
For its fiscal year ending October 31, 2010, Molini Corporation reports the following partial data. Income before income taxes $540,000 Income tax expense (30% $390,000) 117,000 Income before extraordinary items 423,000 Extraordinary loss from flood 150,000 Net income $273,000...
Tuesday, October 6, 2009 at 10:55am
Cost accounting
Gary corporation has developed the following flexible budget formula for monthly overhead: for output of les than 200,000 units: $36,600 + $80 (units) for output of 200,000 units or more: $43,000+$80 (units), How much overhead should Gary expect if the firm plans to produce ...
Monday, October 5, 2009 at 4:45pm
accounting
If total liabilities decreased by $25,000 during a period of time and owner's equity increased by $30,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is ________
Friday, October 2, 2009 at 10:15pm
accounting
What are some of the different types of budgets? Describe in detail one type of budget. Describe what the budget is used for and what information it provides a business. Discuss how a business benefits from each of the budgets.
Thursday, October 1, 2009 at 8:49pm
accounting
a 200- to 300-word response to the following: You have been hired into a new company to oversee the accounting department. What type of financial reports would you expect to see in your department? How will you use the financial reports available to you to make business ...
Thursday, October 1, 2009 at 8:44pm
at leasttell me u cant accounting
Tracy Migre, a certified public accounting, has completed the following transactions. Ms.Migres assests , liabilites, and owner equity account titles and balances are shown in the table below. use the table on the page to show the effect of each transaction. Transactions: 1)...
Thursday, October 1, 2009 at 8:22pm
accounting
the balance in the prepaid insurance account, before adjustment at the end of the year, is $11,500. journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment (a) the amount of insurance expired during the year...
Thursday, October 1, 2009 at 3:01pm
ACCOUNTING
Pheasant Corporation ended its first year of operations with taxable income of $225,000. At the time of Pheasant¡¯s formation, it incurred $50,000 of organizational expenses. In calculating its taxable income for the year, Pheasant claimed an $8,000 deduction for ...
Wednesday, September 30, 2009 at 9:21pm
college/ accounting
The E-Company The E-Company manufactures trendy, high-quality moderately priced watches that it sells on the Internet. As the company's senior financial analyst, you are asked to analyze the overall profitability fo the current year. The CFO has heard that there are two ...
Wednesday, September 30, 2009 at 9:16pm
accounting
The E-Company The E-Company manufactures trendy, high-quality moderately priced watches that it sells on the Internet. As the company's senior financial analyst, you are asked to analyze the overall profitability fo the current year. The CFO has heard that there are two ...
Wednesday, September 30, 2009 at 9:14pm
Cost accounting
(High-low method) Information about SnoCos’ utility cost for the last six months of 2008 follows. The high-low method will be used to develop a cost formula to predict 2009 utility charges, and the number of machine hours has been found to be an appropriate cost driver. ...
Wednesday, September 30, 2009 at 8:29pm
accounting
Pheasant Corporation ended its first year of operations with taxable income of $225,000. At the time of Pheasant¡¯s formation, it incurred $50,000 of organizational expenses. In calculating its taxable income for the year, Pheasant claimed an $8,000 deduction for ...
Wednesday, September 30, 2009 at 8:18pm
Cost accounting
(Predetermined OH rate) For 2008, Southwest Industrial has a monthly overhead cost formula of $42,900+$6 per direct labor hour. The firm’s 2008, expected annual capacity is 156,000 direct labor hours, to be incurred evenly each month. Making one unit of the company’s...
Wednesday, September 30, 2009 at 6:19pm
accounting
Tracy Migre, a certified public accounting, has completed the following transactions. Ms.Migres assests , liabilites, and owner equity account titles and balances are shown in the table below. use the table on the page to show the effect of each transaction. Transactions: 1)...
Wednesday, September 30, 2009 at 1:51am
accounting 201
I am having trouble figuring out my accounts payable and capital. Any help on going about and solving this would be greatly appreciated. I have listed the data below... Travis Fortney, an architect, opened an office on April 1, 2010. During the month, he completed the ...
Wednesday, September 30, 2009 at 12:25am
someone answer please
Tracy Migre, a certified public accounting, has completed the following transactions. Ms.Migres assests , liabilites, and owner equity account titles and balances are shown in the table below. use the table on the page to show the effect of each transaction. Transactions: 1)...
Tuesday, September 29, 2009 at 7:03pm
i need help accounting
Tracy Migre, a certified public accounting, has completed the following transactions. Ms.Migres assests , liabilites, and owner equity account titles and balances are shown in the table below. use the table on the page to show the effect of each transaction. Transactions: 1)...
Tuesday, September 29, 2009 at 6:27pm
Finance
The Ziggler’s have been married for 6 years. They have two children, Myra (5) and Brenden (3). The Ziggler’s have considered having more children but at the present time they would like to begin some personal projects. Brett Ziggler has just finished his bachelor&#...
Tuesday, September 29, 2009 at 3:18pm
Accounting
I am having the worst time: I need to build a four year projected balance sheet. I've already done my four year profit projection and was wondering if someone could help me with the balance sheet. I did year one, can't go any further: Below is the four year profit ...
Tuesday, September 29, 2009 at 2:48pm
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