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April 19, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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Accounting
Hayes Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred June 20 Purchased books on account for $720 from Cook Book Publishers, terms ...
Wednesday, February 15, 2012 at 6:42pm

accounting
Bryan company budgets sales of 1,800,000, fixed costs of 1,000,000 and variable costs of 1,080,000. what is the contribution margin ratio for Bryan Company
Wednesday, February 15, 2012 at 12:24am

follow up from before
None of Jiskha's regular tutors are accountants. If you notice,none or nearly none of the accounting posts are answered.
Sunday, February 12, 2012 at 3:51pm

follow up from before
Is there some reason as to why nobody has addressed my financial accounting post from Saturday, February 11, 2012 at 5:45pm?
Sunday, February 12, 2012 at 3:39pm

Accounting
Case study 2 Sailmakers Ltd John Jeffries recently left the army after more than 20 years in the service. He had decided that at 45 years of age it was time to start a second career. Throughout most of his life John had a passion for yachting and had competed successfully in ...
Saturday, February 11, 2012 at 7:34pm

financial accounting
I am preparing an adjusted trial balance and I have almost gotten my debits to equal my credits. I need to figure out how much to debit the equipment and how much to credit the accumulated depreciaton. To give you an idea of the gap between the two, my debits thus far are 57,...
Saturday, February 11, 2012 at 5:45pm

human resource
1.  Regulations governing the employer-employee relationship are based on agency law and failure of an employee/agent to act according to the employer's instructions could result in liability for the employer.  2.  Misclassification of employees as...
Saturday, February 11, 2012 at 2:58am

accounting
Research/Ratio Assignment:Choose two competitor companies that are U.S. GAAP publicly traded companies. Determine and compare their net profit margin and debt to asset ratio for the most recent year reported. Interpret the information and support your answer. The PDF version ...
Friday, February 10, 2012 at 10:24pm

accounting
competitor companies that are U.S. GAAP publicly traded companies.
Friday, February 10, 2012 at 10:20pm

accounting
P4-2A The adjusted trial balance columns of the worksheet for Porter Company are as follows. PORTER COMPANY Worksheet For the Year Ended December 31, 2008 Adjusted Account Trial Balance No. Account Titles Dr. Cr. 101 Cash 18,800 112 Accounts Receivable 16,200 126 Supplies 2,...
Thursday, February 9, 2012 at 10:24am

accounting
Worksheet data for Goode Company are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30. Cash 13,752 ...
Thursday, February 9, 2012 at 10:21am

business math
Baker Company purchases a new delivery truck for $20,000. The truck is expected to have a useful life of 90,000 miles before replacement, and a salvage value of $2,000. In its first year the truck was driven 22,000 miles, and a further 19,000 miles in year two. What is the ...
Wednesday, February 8, 2012 at 1:44pm

Accounting
Worksheet data for Goode Company are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30. Cash 13,752 Accounts...
Wednesday, February 8, 2012 at 1:15pm

ECON
. Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets? Could price elasticity be somewhat overestimated form these figures? That is, could other things have changed, accounting for some...
Tuesday, February 7, 2012 at 1:20pm

accounting
The rule that allows the county government to authorize tax exempt securities is not secret. Additionally, since the lease payments are not binding on the county, there is some other entity that is accepting the risk that the county voters will object to the deal, elect new ...
Monday, February 6, 2012 at 9:23pm

accounting
quarter sales revenue profit/(loss) 1 400 (280) 2 1200 360 3 1600 680 4 800 40 total 4000 800 Number of visitors for the year 50000. Next year management anticipates an increase in unit variable cost of 10 percent and a profit target of 1 million. 1.calculate total fixed and ...
Monday, February 6, 2012 at 5:57pm

Business 101
Carmen Santiago works for a number of businesses as a “consultant.” She has helped design accounting systems, provided accounting services, and analyzed the financial strength of her clients’ businesses. Carmen is working as a A.public accountant B.certified ...
Monday, February 6, 2012 at 1:19pm

Accounting for decision making
This cannot be answered without knowing the present church policies. What improvements in internal control are you seeking?
Saturday, February 4, 2012 at 8:22pm

Accounting for decision making
what church policies should be changed to improve internal control
Saturday, February 4, 2012 at 8:21pm

Accounting
(a) Using incremental analysis, determine whether SY Telc should accept this offer under each of the following independent assumptions. (1) Assume that $300,000 of the fixed overhead cost can be reduced (avoided). (2) Assume that none of the fixed overhead can be reduced (...
Saturday, February 4, 2012 at 2:52pm

accounting
Recently Boeing has maintained a cash balance of over $6 billion. At an annual inflation rate of about 2 percent, does cash have more or less purchasing power at the end of a given year than at the beginning? By how much? Is such a gain or loss reflected on the company’s ...
Friday, February 3, 2012 at 4:38pm

managerial accounting
A fast-food establishment is thinking of buying a new cooking grill and refrigeration unit. The costs of these new machines are $12,500 and $9,000, respectively. The installation costs of the new equipment will run about $800. It is estimated that 10% more customers can be ...
Friday, February 3, 2012 at 3:59pm

Managerial Accounting
A fast-food establishment is thinking of buying a new cooking grill and refrigeration unit. The costs of these new machines are $12,500 and $9,000, respectively. The installation costs of the new equipment will run about $800. It is estimated that 10% more customers can be ...
Friday, February 3, 2012 at 3:58pm

Accounting
Last year, Jasper Company earned operating income of $139,600 with a contribution margin ratio of 0.3. Actual revenue was $237,000. Calculate the total fixed cost. Round your answer to the nearest dollar.
Wednesday, February 1, 2012 at 10:08am

accounting
Everyone
Monday, January 30, 2012 at 10:35pm

accounting
Who would you say benefits more when a company prepares accurate and truthful financial statements?
Monday, January 30, 2012 at 10:27pm

accounting
3. On December 1, year 1, Newton Corporation incurs a 15-year $300,000 mortgage liability in conjunction with the acquisition of an office building. This mortgage is payable in monthly installments of $3,600, which include interest computed at the rate of 12% per year. The ...
Monday, January 30, 2012 at 2:31pm

accounting
On December 1, Nautilus corporation borrowed $90,000 from a bank and signed a 10%, 90-day note payable in the amount of $90,000. The December 31 adjusting entry will be:
Monday, January 30, 2012 at 2:30pm

accounting
Quayle Corporation reports net income of $380,000 and weight-in average of 200,000 outstanding fro the year. Complete the earnings per share of Common Stock.
Monday, January 30, 2012 at 8:48am

accounting
where on a t account would I post completed a consulting engagement and received cash of 7800
Sunday, January 29, 2012 at 12:43pm

Managerial Accounting
Greetings, I just started my accounting class and I do not have any accounting experience of knowledge (my first acct class). Could you please help me out. I just need the traditional and ABC direct, indirect, and unallocated cost answer for the two accounting systems. You ...
Saturday, January 28, 2012 at 4:32pm

accounting
E4-19 On December 31, the adjusted trial balance of Oslo Employment Agency shows the following selected data. Accounts Receivable $24,000 Commission Revenue $92,000 Interest Expense 7,800 Interest Payable 1,500 Analysis shows that adjusting entries were made to (1) accrue $4,...
Thursday, January 26, 2012 at 9:51pm

Accounting
Assets = Liabilities + Equity How can you tell which company have the strongest financial position? Is buy the highest in assets, highest in liabilities, or highest in equity? I am confused.
Thursday, January 26, 2012 at 8:08pm

Accounting
40,000 / end of year 130,000
Wednesday, January 25, 2012 at 7:23pm

health accounting
explains the relationship between finance and accounting, and how they operate to determine financial viability within a health care organization.
Wednesday, January 25, 2012 at 2:55am

Accounting
If you are closing out a company how would you handle retained earnings? Example: If I opened a company with my own cash for $1,000.00. I know the entry would be: $1,000.00 DB to cash $1,000.00 CR to Retained Earnings If I used the $1,000.00 cash to pay bills and then had no ...
Tuesday, January 24, 2012 at 10:43pm

accounting
P4-2A Gil Vogel started his own consulting firm, Vogel Consulting, on June 1, 2012. The trial balance at June 30 is as follows. VOGEL CONSULTING Trial Balance June 30, 2012 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Prepaid Insurance 2,880 Supplies 2,000 Equipment 15,...
Monday, January 23, 2012 at 2:00am

accounting
Write a 3-4 page paper that summarizes your findings from the four (4) scenarios as well as how using Microsoft Excel helped you with this process, using the following outline: 2. Summarize the various accounting systems that each firm provides. Be sure to address the ...
Sunday, January 22, 2012 at 8:54pm

accounting
issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $55,000, $120,000 and $45,000. how are these entries journalized
Saturday, January 21, 2012 at 9:48pm

different one Financial Accounting
For each transaction, indicate whether the related account would be classified as an (a) asset (b) liability (c) stockholders' equity to be reported in the balance sheet (d) revenue (e) expense to be reported in the income statement (f) dividend to be reported in the ...
Saturday, January 21, 2012 at 2:40pm

Financial Accounting
For Number Five above, I meant to write (i).
Saturday, January 21, 2012 at 2:12pm

Financial Accounting
I am trying to get this done asap because it is an online assignment and the web site is down for today. I will share my own answers if you all will provide feedback on them. Any guidance on these topics would be much appreciated: Indicate whether each transaction is ...
Saturday, January 21, 2012 at 1:59pm

accounting
The Seattle Company allocates overhead based on a predetermined overhead rate of $8.00 per direct labor hour. Job b 689 required 6 tons of direct material at a cost of $900.00 per ton and took employees who earn $15.00 per hour a total of 90 hours to complete. What is the ...
Saturday, January 21, 2012 at 12:11am

accounting
Complete a writing assignment with a minimum of 700 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 will be a part of ...
Friday, January 20, 2012 at 11:25am

financial accounting
Connection Station, an internet café, had the following operating activities during the month of May: 1. Bought 800 in jump drives and disks, which are available for resale from Office Depot on credit 2. Paid 900 in utilities for the month of may 3. Paid 2000 rent for ...
Friday, January 20, 2012 at 2:40am

accounting
Connection Station, an internet café, had the following operating activities during the month of May: 1. Bought 800 in jump drives and disks, which are available for resale from Office Depot on credit 2. Paid 900 in utilities for the month of may 3. Paid 2000 rent for ...
Friday, January 20, 2012 at 2:28am

Accounting needs help
Indicate your subject in the "School Subject" box, so those with expertise in the area will respond to the question.
Thursday, January 19, 2012 at 6:26am

Saetty
how do I provide accounting services to an entity like an anonymous society?
Wednesday, January 18, 2012 at 11:10pm

Statistics
Are Social Security numbers of employees at an accounting firm qualitative or quantitative? Why?
Wednesday, January 18, 2012 at 6:57pm

accounting
Inventory Accounts and Cost of Goods Sold [LO 6] Smith Die Company manufactures cutting dies for the shoe industry. Each set of dies is custom designed to a customer’s templates. During the first week of May, six orders were received from customers. They were assigned ...
Wednesday, January 18, 2012 at 2:18pm

Managerial Accounting
true
Wednesday, January 18, 2012 at 12:27am

business/accounting
Christy Burch and Myung Lim, partners, compared their current income statement with their income statement of a year ago. They noted that sales were 12.0% higher than a year ago. They also noted that the total expenses were 20.0% higher than a year ago. What type of analysis ...
Tuesday, January 17, 2012 at 8:56pm

Accounting
.
Sunday, January 15, 2012 at 3:43pm

Westwood
Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of these two accounting systems differ.
Sunday, January 15, 2012 at 2:33pm

Accounting
Any help?
Sunday, January 15, 2012 at 7:46am

Accounting
The balance sheet of Burger King reports current assets of $30,500 and current liabilities of $15,800. Calculate the current ratio of Burger King and detemine whether it will increase or decrease as a result of the following transactions: -Paid $2,030 cash for a new oven. &#...
Friday, January 13, 2012 at 12:43pm

accounting
Christy Burch and Myung Lim, partners, compared their current income statement with their income statement of a year ago. They noted that sales were 12.0% higher than a year ago. They also noted that the total expenses were 20.0% higher than a year ago. What type of analysis ...
Friday, January 13, 2012 at 9:50am

algebra
The operations follow the exact same rules, since rational expressions are fractions. You still need common denominators to add and subtract rational expressions just like you do for numerical fractions. You can multiply rational expressions by simply multiplying the ...
Thursday, January 12, 2012 at 5:50pm

Financial Accounting
1. Post the following transactions of a restaurant to prepare the journal ledger and trial balance. Jan - 2011 Transaction Amount 5 Started the business with cash 2,50,000 10 Deposited in the bank 50,000 15 Purchased tables and chairs 80,000 20 Purchased Freeze 30,000 ...
Wednesday, January 11, 2012 at 6:11am

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

Accounting 100
IDK
Sunday, January 8, 2012 at 7:42pm

Accounting 100
IDK
Sunday, January 8, 2012 at 7:41pm

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

College Algebra
You do not show the depreciation curve nor do you describe the initial price and later value at any time. You only describe the axis labels. You also mislabel the X axis as both horizontal and vertical. Are we supposed to assume a straight-line depreciation model? This is ...
Sunday, January 1, 2012 at 6:03am

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

Accounting III
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.
Friday, December 30, 2011 at 2:44pm

Accounting
We examine whether and why companies prefer fair value to historical cost when they can choose between the two valuation methods. With the exception of investment property owned by real estate companies, historical cost by far dominates fair value in practice. Indeed, fair ...
Thursday, December 22, 2011 at 7:11pm

accounting
what can accounts payable involve equipment sore or office equipment or cash or neather
Tuesday, December 20, 2011 at 12:43pm

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
atoron o perigon matematico
Sunday, December 18, 2011 at 4:15pm

Accounting
1,c 2,a 3,d 4,b 5,b
Sunday, December 18, 2011 at 9:59am

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
Try some of the following links for information: http://www.google.com/search?q=formula+o​f+how+to+calculate+depreciation%3F+&ie=u​tf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US​:official&client=firefox-a Sra
Monday, December 12, 2011 at 10:23am

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

accounting
why do entrepreneurs choose proptietorahip , partnerships, or corporation over each other?
Saturday, December 10, 2011 at 4:24pm

accounting
Here are some accounting tutorials you might like: http://www.google.com/search?q=+accounti​ng+tutorials&ie=utf-8&oe=utf-8&aq=t&rls=​org.mozilla:en-US:official&client=firefo​x-a Sra
Saturday, December 10, 2011 at 9:45am

accounting
Letter A raw materials inventory 32,000 Letter A accounts payable 32,000 Letter B Goods in process inventory 25,800 Letter B factory overhead 10,500 Letter B raw materials inventory 36,300 Letter C factory payroll 37,700 Letter C cash 37,700 Letter D good in process inventory ...
Saturday, December 10, 2011 at 6:15am

accounting
yes acid test ratio is the same as quick ratio. acid test ratio is cash, short-term investments, and current receivables divided by current liabilities
Saturday, December 10, 2011 at 3:30am

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
See if any of the following links will help you: http://www.google.com/search?q=choosing+​between+2+or+more+acceptable+methods+of+​accounting+can+involve+matters+of+ethica​l+concern.++Why%3F&ie=utf-8&oe=utf-8&aq=​t&rls=org.mozilla:en-US:official&client...
Thursday, December 8, 2011 at 2:18am

Accounting
aasdf
Thursday, December 8, 2011 at 12:43am

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
How can I get the answer for Milestone 3,4,5, Situation Parent, Inc. is contemplating a tender offer to acquire 80 percent of Subsidiary Corporation's common stock. Subsidiary's shares are currently quoted on the New York Stock Exchange at $85 per share. In order to ...
Monday, December 5, 2011 at 1:00pm

accounting
You might like to bookmark some of the following Accounting Tutorisla: http://www.google.com/search?q=accountin​g+tutorials&ie=utf-8&oe=utf-8&aq=t&rls=o​rg.mozilla:en-US:official&client=firefox​-a Sra
Sunday, December 4, 2011 at 9:34pm

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
On May 31, 2010, James Logan Company had a cash balance per books of $6,781.50. The bank statement from Farmers State Bank on that date showed a balance of $6,404.60. A comparison of the statement with the cash account revealed the following facts.
Sunday, December 4, 2011 at 12:52am

Accounting
This is a Homework Board that will HELP you with your work, but we will not DO it for you. What is it you need to do this assignment? We have access to n o text, course, etc. Online it is NOT safe to give the name of your school or any other personal information. Guessing at ...
Saturday, December 3, 2011 at 10:44am

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

accounting
There are no following statements. Are you studying creative bookkeeping?
Saturday, December 3, 2011 at 2:08am

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

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