Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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

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 1:11am

please i need help accounting
i have a promblem it gives me the information and form i understand the information but cant fill out the form because i dont know how and its 71 points out of the whole exam. is there anyway u can help me out if i give you the information. its about transactions the first i ...
Monday, September 28, 2009 at 3:11pm

accounting
what catorgorie does commissions fall in: A)income statement B)statement of changes in owner equity C)balance sheet i think a what catorgorie capital falls in: A)income statement B)statement of changes in owner equity C)balance sheet i think b
Monday, September 28, 2009 at 3:07pm

accounting
Enron: Why didn’t more whistleblowers come forward, and why didn’t some make significant difference? How would whistleblowers have been encouraged?
Sunday, September 27, 2009 at 7:27pm

accounting
ann, irene, and bob incorporate their respective businesses and form Dove Corporation. Ann exchanges her property (basis of $100,000 and fair market value of $400,000) for 200 shares in Dove corporation on March 1, 2005. Irene exhanges her property (basis of $140,000 and fair ...
Sunday, September 27, 2009 at 4:21pm

college/accounting
You have been offered the opportunity to purchase a franchise of Sunshine Juice Stores. You will have to pay $258,635 for the initial investment in the store and its equipment, plus $30,000 per year for the lease payments and the franchise fee. The franchise contract obligates...
Sunday, September 27, 2009 at 2:33pm

Accounting
Explain why supplies cannot have a credit balance
Saturday, September 26, 2009 at 12:51pm

Cost of Accounting
1-How does an actual system differ from a normal costing systems? What advantages does a normal costing systems offer? 2-Why is it necessary for a company to specify a relevant range of activity when making assumptions about cost behavior? 3- Why is it more important to have ...
Friday, September 25, 2009 at 1:36pm

Cost accounting
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 differs.
Thursday, September 24, 2009 at 4:56pm

Accounting
I need to enter the following into Journal Enteries a) Borrowed $12,000 cash on a short-term note payable dates march 1, 2011 b) Purchased land for future buildings site, paid cash, $9,000. c) Earned $160,000 in Service Revenue for 2011, including 40,000 on credit and 120,000 ...
Thursday, September 24, 2009 at 4:54pm

accounting
2. Final Project: Business Plan Resources: Appendix A Due Date: Sunday Day 7 [Individual] forum Write a 700- to 1,050-word paper, using APA guidelines, based on the scenario below. You want to start your own business. You found an investment group that is willing to give you ...
Wednesday, September 23, 2009 at 11:21am

college
accounting/// which journal would be used if you returned merchandise that had been bought on account , sales journal, purchase journal, cash receipts journal, cash payments journal or general journal. i thought it would be on a general journal
Wednesday, September 23, 2009 at 9:45am

Cost of Accounting
What is the classification of the Cost behavior and classification: Factory supervision, Aluminum tubing, Rims,Emblem, Gearbox, Straight-line depreciation on paint machine,Fenders, Inventory clerk’s salary, Inspector’s salary, Handlebars, Metal worker’s wages, ...
Wednesday, September 23, 2009 at 6:56am

accounting
How to write a biography section of an annual report?
Monday, September 21, 2009 at 2:19pm

accounting
As an accountant,what do I need to do with unusable financial statements?
Sunday, September 20, 2009 at 6:47pm

Cost accounting
Cost behavior and classification: Factory supervision, Aluminum tubing, Rims,Emblem, Gearbox, Straight-line depreciation on paint machine,Fenders, Inventory clerk’s salary, Inspector’s salary, Handlebars, Metal worker’s wages, Roller chain, Spokes (assuming cost...
Sunday, September 20, 2009 at 4:49pm

Finance
Your departments's accounting software is extremely outdated and you have included the purchase of new software in this year fiscal budget. You have decided it is time to start looking into purchasing your company's accounting software and have choose some in your ...
Sunday, September 20, 2009 at 2:21pm

accounting
Why didn’t more whistleblowers come forward, and why didn’t some make significant difference? How would whistleblowers have been encouraged?in enron case.
Sunday, September 20, 2009 at 12:42pm

accounting
Did Enron’s directors understand how profits were being made in this segment? Why and why not?
Sunday, September 20, 2009 at 12:40pm

accounting
Review the following illustrations found in Ch. 6 of your text: 6-12, 6-15, 6-17, 6-18, 6-19, & 6-20.  Write a 350- to 700-word paper, using APA guidelines, that addresses the following: o Explain the components of cost-volume-profit
Saturday, September 19, 2009 at 1:23am

Cost accounting
Cost terminology and cost behaviors and exercises solution
Friday, September 18, 2009 at 5:02pm

accounting
A stock is quoted at $1,180. The $1,000 par value bond pays 14% interest, and it has 25 years remaining until maturity. The current yield to maturity on similar bonds is 12%. Compute the new price of the bond and comment on whether you think it is overpriced in the marketplace
Friday, September 18, 2009 at 3:34am

Accounting
On April 1, 2009, the company paid an insurance company $5,000 for a two-year fire insurance policy. The entire $5,000 was debited to insurance expense. What is the Dec. 31, 2009 adusting journal entry? Prepaid Insurance xx Insurance expense xx I can't figure out the ...
Thursday, September 17, 2009 at 11:53pm

accounting
4/4/04, Corporation, which has a 12/31 year end authorized $1,500,000 of callable, mortgage bonds (secured by $2,200,000 of property and equipment, at market value). The bonds paid interest at a rate of 8% per year and had a term of 6 years. Interest was payable each 9/30, and...
Tuesday, September 15, 2009 at 1:16pm

Cost accounting
You are manager of a small restaurant in your hometown. a. whta information would you obtain for making the decision of wheter to add quiche and spicy chicken wings to your menu? b. why would each of the information items in part (a) be significant?
Monday, September 14, 2009 at 1:37pm

Accounting
Explain the accounting purpose of each general ledger cycle
Monday, September 14, 2009 at 11:31am

Accounting Math
Can anyone please show me the calculation for these problems: Burlin Company starts the year with $100,000 in assets and $80,000 in liabilities. Net Income for the year is $25,000, and no dividends are paid. How much is owner’s equity at the end of the year? Chapman Inc. ...
Sunday, September 13, 2009 at 5:01pm

accounting
Determine the missing amount for each of the following: Assets = Liabilities + OE a. x = 250,000 + 780,000 B. 125,000 = X + 39,500 c. 60,000 = 7,500 + x
Sunday, September 13, 2009 at 3:23am

intro to management accounting
The Minnetonka Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research, a cross-...
Friday, September 11, 2009 at 2:38pm

accounting
What does it mean to explain the importance of understanding inventory valuation methods in determining the quality of the profits numbers?
Tuesday, September 8, 2009 at 8:24pm

Accounting
Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005. 4-4 Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable...
Tuesday, September 8, 2009 at 11:34am

accounting
The Landis Corporation had 2008 sales of $100 million. The balance sheet items that vary directly with sales and the profit margin are as follows: Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5% Accounts receivable...
Monday, September 7, 2009 at 11:28pm

accounting
Please help in verifying stakeholders? This is for my Final in my Accounting Ethics Class. I do NOT want you to write the paper. I do NOT want you to do the analysis needed for this paper. I just want help verifying the stakeholders in the scenario. I believe the stakeholders ...
Sunday, September 6, 2009 at 2:57pm

accounting help
IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2008 (that is, compute ...
Thursday, September 3, 2009 at 4:53pm

ACCOUNTING CONFUSED!! HELP
Andy Wright,D.D.S., opened a dental practice on January 1, 2008. During the first month of operations the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $875 of such services was earned but not yet recorded. 2...
Thursday, September 3, 2009 at 3:37pm

Economics
During a year of operation, a firm collects $450,000 in revenue and spends $100,000 on labor expense, raw materials, rent, and utilities. The firm's owner has provided $750,000 of her own money instead of investing the money and earning a 10% annual rate of return. What is...
Thursday, September 3, 2009 at 10:50am

Accounting
Please prepare and post your response to the following question no later than Wednesday of this week: A major network is launching a reality program called The Accountant. A group of recent accounting graduates will be competing for a spot in a national accounting firm. What ...
Wednesday, September 2, 2009 at 9:55pm

accounting
The balance in the unearned fees account before adjustment at the end of the year is 112,790. Of these fees, 69,735 have been earned. In addition, 13,200 of fees have been earned but have not been billed. Journalize the entry to the adjust the unearned fees account.
Tuesday, September 1, 2009 at 7:58pm

college Accounting
The ledger of Piper Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $ 3,600 Supplies 2,800 Equipment 25,000 Accumulated Depreciation—Equipment $ 8,400 Notes ...
Tuesday, September 1, 2009 at 12:56pm

accounting
9-3 The differences in accounting for an activity in an internal service fund rather than in the general fund may be striking. A school district establishes a vehicle-repair shop that provides service to other departments, all of which are accounted for in its general fund. ...
Sunday, August 30, 2009 at 8:52pm

BIS219
These are the only ones I need help on, Thanks 1. Which of the following statements about information systems is not correct? A. Information systems are concentrated in the IS Department. B. Information systems tend to follow the structure of the organization. C. Information ...
Friday, August 28, 2009 at 2:09pm

organisation competition & environment
what are the strength of vanilla accounting ?
Friday, August 28, 2009 at 4:15am

accounting
What are the circumstances in which other sections of the statement of cash flows might be important to investors?
Thursday, August 27, 2009 at 6:33pm

ACCOUNTING !!
IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2008 (that is, compute ...
Thursday, August 27, 2009 at 11:13am

Accounting
How would I journalize the following statement: Paid July rent for Office, $2,000.
Wednesday, August 26, 2009 at 10:04am

accounting
What does it mean to evaluate the financial health of Goodyear Tire and Rubber Company? I have to do an outline of the financial health of Goodyear Tire and Rubber Company; and I do not understand what any of this means. Can somebody please explain this to me?
Tuesday, August 25, 2009 at 4:57pm

accounting
How is the cash flow statement used by the investors?
Tuesday, August 25, 2009 at 8:46am

check please
hi ms. sue i was wondering if you had email that i can have to email you if i need help because i need help with accounting with some type of graph but it wont fit here is there anyway you could help me through your email or i can send it to your email and you help me out ...
Monday, August 24, 2009 at 10:33pm

Managerial Accounting
a ski company plan to add five new chai500 a day for the lift. the lifts cost 2 million and to install the lift cost another 1.3 mil.The lift will allow 300 additional skiers on the slopes but only 40 days a year will be needed. The company will sell 300 lift tickets on those ...
Sunday, August 23, 2009 at 8:37pm

managerial accounting
The expected average rate of return for a proposed investment of $500,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $240,000 for the 4 years, is A. 18% B. 48% C. 24% D. 12%
Saturday, August 22, 2009 at 8:44pm

ACCOUNTING
Same Day Service purchased a new steam press on January 1, for #35,000. It is expected to have a five year useful life and a $3,000 salvage value same day expects to use the steam press more extensively in the early years of its life. 1.Calculate the depreciation expense for ...
Saturday, August 22, 2009 at 2:59pm

check geo
the tropical climate of the amazon basin results from its location and: A)altitude B)rainfall C)the tides D)prevailing wind patterns my choose:b a quipu is a: a) tool that the aztec used for farming. b)type of house in which several generations of inca could live. C)type of ...
Friday, August 21, 2009 at 7:23pm

accounting
Can somebody please help me understand what this is wanting? CheckPoiint: Analyzing an Income Statement. Resource: Ch. 3 of Understanding Financial Statements Complete Problem 3.16b on p. 111 (Ch. 3).Eastman Kodak Comprehensive Analysis Problem Using the Financial Statement ...
Thursday, August 20, 2009 at 4:47pm

accounting
How to sort out the questions of"Trade Account and Profit and Loss account"??
Tuesday, August 18, 2009 at 6:11am

accounting
Andre has asked you to evaluate his business, Andre’s Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. Rent and other ...
Sunday, August 16, 2009 at 11:17pm

accounting
The Anderson Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Anderson Company's profit margin? 18% 44.4% 20% 80%
Friday, August 14, 2009 at 9:59am

accounting
Did Enron’s directors understand how profits were being made in this segment? Why and why not?
Friday, August 14, 2009 at 9:30am

managerial accounting
The Joyner Corporation originally budgeted for $360,000 of fixed overhead. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual variable ...
Monday, August 10, 2009 at 2:26pm

accounting
what period expense is difficult to match with revenue. explain why?
Sunday, August 9, 2009 at 6:08pm

Accounting
(Question) June 1 2008---Received a $6000, 1-year, 8%, note from Sue Forest as full payment on her account. (Ans)Merchandise Inventory---$6,480 Accounts Payable------$6,480 Is this correct? To get the amount $6,480->I have done: 6000*.08 = 480 6000+480 = 6,480
Saturday, August 8, 2009 at 11:42pm

Accounting Concepts
To close the accounting cycle for Joe Smith's business, complete the following: Journalize and post the adjusting entries for Joe's business. Make the following adjusting entries: (Note: you may need to create additional ledger accounts) Adjustment for expired ...
Saturday, August 8, 2009 at 8:59pm

accounting
Rigsby Company purchased many small tools during 2010 at a total cost of $9,500. Some tools were expected to last for a few weeks, some for several months, and slme for several years. Rigsby income for 2010 will be about $5.2 million. How should Rigsby account for the small ...
Saturday, August 8, 2009 at 7:02pm

Accounting (Journal Entries)
(Question) June 1 2008---Received a $6000, 1-year, 8%, note from Sue Forest as full payment on her account. (Ans)Merchandise Inventory---$6,480 Accounts Payable------$6,480 Is this correct? To get the amount $6,480->I have done: 6000*.08 = 480 6000+480 = 6,480
Saturday, August 8, 2009 at 3:45am

Accounting
Andrea Portowski has worked for Dr.Lee Hum for several years. Andrea demonstrates a loyalty that is rare among employees. She hasn't taken a vacation in the last four years. One of Andrea's primary duties at the medical office is to open the mail and list the cheques ...
Friday, August 7, 2009 at 8:27pm

financial 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, August 7, 2009 at 4:39pm

financail accounting
Palomar Paper Products purchased land in 1990 for $15,000 cash. The company has held the land since that time. In 2008 Palomar purchased another tract of land for $15,000 cash. Assume that prices in general increases by 60 percent from 1990 to 2008. a. Assuming that Palomar ...
Friday, August 7, 2009 at 1:10pm

Accounting 220
Linda Fearn asks your help in constructing a Cost-Volume-Profit graph. Explain to Linda (a) how the break-even point is plotted, and (b) how the level of activity and dollar sales at the break-even point are determined.
Thursday, August 6, 2009 at 9:23pm

fiancial accounting
Palomar Paper Products purchased land in 1990 for $15,000 cash. The company has held the land since that time. In 2008 Palomar purchased another tract of land for $15,000 cash. Assume that prices in general increases by 60 percent from 1990 to 2008. a. Assuming that Palomar ...
Wednesday, August 5, 2009 at 7:14pm

accounting
If you were considering extending credit to someone, what are some of the considerations you would recognize?
Wednesday, August 5, 2009 at 5:42pm

accounting
As a team, prepare the income statement of Maltbee Lawn Service for the four months May through August. Prepare the classified balance sheet of Maltbee Lawn Service at August 31. Please add your file. Next, as a small group discuss the following. Was Maltbee's summer work ...
Monday, August 3, 2009 at 2:25pm

Accounting Homework Help
accountinghomeworkhelp dot 4t dot for Accounting Homework Help I want to use it. Please send me their email id
Monday, August 3, 2009 at 12:08pm

Accounting
Determine the amount to be paid within the discount period for purchase with an invoice price of $7,745, subject to credit terms of 2/10, n30. Explain how you reached your answer.
Sunday, August 2, 2009 at 12:56am

ms.sue
can you help me with accounting or you do english and other stuff but not math because i know mathmate does math but i dont know if he does accounting.but i asked him anyway, by his name i think its a yes or maybe.or do you know someone that can help me.
Sunday, August 2, 2009 at 12:39am

mathmate
hey mathmate iam having trouble with accounting do you know if you could help me out
Sunday, August 2, 2009 at 12:37am

Accounting
Discuss the advantages and disadvantages of sole proprietorships, partnerships, and corporations.
Saturday, August 1, 2009 at 2:10pm

Accounting
Is the variance positive or negative? Which is desirable, a positive or negative variance? Why? What do you think are some of the possible causes for this variance? How would you adjust Arcadia Hospital’s 2006 budget in light of your variance analysis? Explain your a (...
Friday, July 31, 2009 at 9:16pm

Accounting
the transaction would decrease one liability account and increase another liability account
Friday, July 31, 2009 at 1:46pm

Accounting
You have been hired to oversee the accounting department of a new company. What type of financial reports would you expect to see? How will you use the financial reports to make business decisions?
Friday, July 31, 2009 at 12:10pm

accounting
What decisions do management make that is dependent on the balance sheet? the income statement? the statement of cash flows? the retained earnings statement?
Friday, July 31, 2009 at 9:11am

Penn foster elective the book of accounting
I need to finish the exam #390014 Please help me can I have the answers.this class is from penn foster is one of my elctives im to old to read too much this is my last step.
Thursday, July 30, 2009 at 8:36pm

accounting
I need some help with an assignment. I can't seem to think of how to start it and make sure that I include everything because it is a little vague. Here is the question: You have been hired to oversee the accounting department of a new company. What type of financial ...
Thursday, July 30, 2009 at 3:48pm

Fundamental Cornerstones of Managerial accounting
Green Enterprises produces small engines for lawn mowers. during the year, 110,000 engines were produced. The actual labor used was 60,000 hours at $9.50 per hour. Green has the following labor standard: 0.5 hour at $10 1. compute the labor rate variance. 2. compute the labor ...
Thursday, July 30, 2009 at 2:21pm

accounting
What are the similarities and differences between SEC(the U.S. Securities and Exchange Commission and FASB (Financial Accounting Standards Board)?
Tuesday, July 28, 2009 at 4:27pm

managerial accounting
To help me answer these questions yo must download jet blues 10k-a. December 31,2004 at sec.gov. Input CIK code 1158463 and hit enter. input 10k-a and press enter.Input filing date march 8 ,2005. What is Jet blues strategy for Success in the marketplace? does the company rely ...
Monday, July 27, 2009 at 7:21am

Accounting
Exercise 3-7 Determining assets and expenses for accrual and cash accounting C2 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...
Sunday, July 26, 2009 at 10:48pm

Accounting
Classify the following adjusting entries as involving prepaid expenses (PE), unearned revenues (UR), accrued expenses (AE), or accrued revenues (AR). a. To record revenue earned that was previously received as cash in advance. b. To record annual depreciation expense. c. To ...
Sunday, July 26, 2009 at 10:46pm

Accounting
If a business pays its expenses immediately can they still be accrual basis?
Sunday, July 26, 2009 at 9:47pm

accounting
Union Bay Plastics is investigating the purchase of automated equipment that would save $100,000 each year in direct labor and inventory carrying costs. This equipment costs $740,000 and is expected to have a 9-year useful life with no salvage value. The company requires a ...
Friday, July 24, 2009 at 12:46pm

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?
Friday, July 24, 2009 at 12:35am

accounting
In what circumstances would each approach to stakeholder impact analysis (moral standards, 5-question, and Pastin’s approach) be most useful? Generalize about the approaches and describe when each would be most or least useful
Friday, July 24, 2009 at 12:27am

Finance - Accounting
Can somebody people check this out and let me know if I did it right? Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you choose? You should take the $95. Option #1: Using appendix b PV =FV [1/ (1+i) ^n] PV...
Thursday, July 23, 2009 at 8:22am

Accounting
Units completed 6000 Units in EWIP 2400 Equivalent units 8400 April cost BWIP(40% complete) 1,120 Materials 10,000 convention cost 4,000 total 15,120 1.) calculate the unit cost for april using the Weighted Average Method 2.) Using the Weighted Average Method Determine the ...
Wednesday, July 22, 2009 at 8:56pm

accounting
How do I set this problem up to do it? I do not want the answer just the formula. The question is for Present Value, Future Value, and Annuity Due: . Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you ...
Monday, July 20, 2009 at 5:45pm

accounting and finance
unadjusted trail balance(December 31,2008)(Bed Bugs R Us Ltd): prepaid rent $8,000 rent expense $24,000 adjusting entry question: 4 months worth of prepaid rent had been purchased on September 1 2007 in an adjacent building to b used as thier office. The rent on this space was...
Monday, July 20, 2009 at 3:00pm

accounting and finance
unadjusted trial balance (December 31,2008)(Bed Bugs R Us Ltd.): Prepaid insurance $3600 Adjusting entry question: 18 months of preperty insurance was purchased on Sept 1 2007 at a cost of $3600
Monday, July 20, 2009 at 2:25pm

Accounting
Best Answer - Chosen by Asker PE ratios are on starting place -- how is the price of the stock compared to its earnings? Growth and profitability rates are also important, as fast growing highly profitable companies are worth a lot more than slow growing (or shrinking) ...
Monday, July 20, 2009 at 12:47pm

accounting and finance
unadjusted trial balance (December 31,2008): Prepaid insurance $3600 Adjusting entry question: 18 months of preperty insurance was purchased on Sept 1 2007 at a cost of $3600.
Monday, July 20, 2009 at 12:30pm

financial
Are these correct? 1. Agency theory examines the relationship between the? shareholders and the firm's transfer agent. 2. Proper risk-return management means that? the firm must determine an appropriate trade-off between risk and return. 3. Which of the following is an ...
Friday, July 17, 2009 at 10:12pm

Accounting II
Compare the accounts receivable turnover ratios for Coca-Cola and Wal-Mart. What characteristics of these companies would indicate that these ratios are reasonable?
Thursday, July 16, 2009 at 1:41am

accounting
Looking for help with an accounting Assignment. I am supposed to be analyzing the Income Statement of Eastman Kodak Company, but I can't even find the cost of goods sold for each revenue source of the company! Any help or suggestions?
Wednesday, July 15, 2009 at 3:58pm

Accounting-business
Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you choose? Can anyone tell me if this is right and if not what am I doing wrong. 30,000 x 0.003 = $90 Option 2: PV = $95
Monday, July 13, 2009 at 12:08am

accounting
Visit any commercial bank in your city.Meet the staff and find out yhe procedure for opening a savings bank account.What facilities are available under an account?How frequently can money be deposited and withdrawn from a savings account?What are the advantages of using a ...
Sunday, July 12, 2009 at 7:56am

Accounting Math
This is not homework i already got it wrong without an explanation. On June 30, 2007, Simon Company discounted a customer’s $180,000, 6-month, and 10 percent note receivable dated April 30, 2007. A discount rate of 12 percent was charged by the bank. Simon’s proceeds...
Saturday, July 11, 2009 at 5:54pm

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...
Saturday, July 11, 2009 at 2:57pm

accounting/220
help with acc/220 week 9 fubak oroject Business plan
Saturday, July 11, 2009 at 1:43pm

accounting
If I needed to find out OR calculate the weighted average cost of capital (WACC) for the company General Electric (GE), how would I find this information or what is needed from the company financial statements to aid me in coming up with the answer?
Monday, July 6, 2009 at 3:06am

Business
A firm utilizing LIFO accounting would in calulating gross profits, assume that
Sunday, July 5, 2009 at 3:03pm

Accounting
started the accounting period with $30000 in cash assets, $18000 of liabilities and 4000 - common stock. During the yer earned $48000, paid cash expenses of $32,000, paid a cash dividend to stockholders - $2000. Aquired $10,000 addition cash from sale of stock and paid $6000 ...
Thursday, July 2, 2009 at 11:22am

accounting
How do T-bills assist a company in meeting its cash management goals? Is it that they are easier to cash in, their maturity rate is quick, and are issued on a daily basis?
Thursday, July 2, 2009 at 9:15am

Accounting
13-22 Martin Shoes, Inc. (Planning a Database Using REA and E-R Methodology) Martin Shoes, Inc., manufactures and distributes orthopedic footwear. To sell its products, the marketing department requires sales personnel to call on the shoe retailers within their assigned ...
Thursday, July 2, 2009 at 2:30am

accounting
A paraglider manufacturer makes a standard model and a custom model. using the companys activity-based costing system compute customer margin. activity cost pool activity rate Supporting manufacturing $20 perdirect labor-hour Orderprocessing $194 per order custom designing $...
Wednesday, July 1, 2009 at 2:32pm

accounting
14. Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets.
Sunday, June 28, 2009 at 1:59pm

Accounting
How do you determine the ending work in process inventory, in cost accounting
Saturday, June 27, 2009 at 8:10pm

Cost Accounting
Case 1 Direct Materials Used $8,300 Direct Labor 3,000 Manufacturing Overhead 6,000 Total Manufacturing Costs (a) Beginning Work in Process 1,000 Ending Work in Process Inventory (b) Sales 22,500 Sales Discounts 1,500 Cost of Goods Manufactured 15,800 Beginning Finished Goods ...
Saturday, June 27, 2009 at 5:39pm

Cost Accounting
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Case 1 2 Direct Materials Used $ 8,300 (g) Direct Labor 3,000 $ 4,000 Manufacturing Overhead 6,000 5,000 Total Manufacturing Costs (a) 20,000 Beginning Work in Process Inventory ...
Saturday, June 27, 2009 at 5:17pm

accounting
Marina Sailboats reports income before income taxes of $80,000 during 20x7. If beginning inventory was overstated by $7,000 and ending inventory was understated by $8,000, calculate corrected income before income taxes for the year. (Show your work.)
Saturday, June 27, 2009 at 12:37am

ACcounting Ethics
Approaches to Stakeholder Impact Analysis
Friday, June 26, 2009 at 12:34pm

accounting
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 paper. Explain why you think ...
Wednesday, June 24, 2009 at 3:30pm

Accounts
GT Ltd provides you with the following information at 30.06.Y1 Amounts in MUR. 1. Property, Plant and Equipment 505,000. Other Financial Assets 120,000. Inventories 200,000. Trade and other Receivables 202,000. Prepayments 10,000. Cash and Cash Equivalents 803,000. Capital and...
Wednesday, June 24, 2009 at 3:16pm

accounting
6. Which of the following is not a processing control? A) Record counts B) Control totals C) Hash totals D) Check digits I think it should be C but am not certain. Can anyone assist?
Tuesday, June 23, 2009 at 1:00pm

accounting
Three objectives of a company's internal control system should be safeguarding assets, checking the accuracy and reliability of accounting data, and promoting operational efficiency. A fourth objective of a company's internal control system should be: 1.Preventing ...
Tuesday, June 23, 2009 at 12:23pm

accounting
Can someone please tell me how to set these problems up? I am confused! Lear, Inc., has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a.) Lear wishes to finance all fixed ...
Monday, June 22, 2009 at 5:50pm

accounting
Can somebody please explain what this is asking? I do not understand any of this. A firm utilizing LIFO inventory accounting would, in calculating gross profits, assume that : A. all sales were from beginning inventory. B. sales were from current production until current ...
Sunday, June 21, 2009 at 2:21pm

Accounting-business
Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing ...
Friday, June 19, 2009 at 5:09pm

Business Accounting
Which is an capital expenditure and revenue expenditure. 1.Overhauled and reconstructed lathe motor to produce more parts per hour. 2. Yearly computer maintenance contract. 3. Construct walls to divide the store offices. 4. Poured a concrete walkway between the offices. 5. ...
Wednesday, June 17, 2009 at 10:09am

Accounting
Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing ...
Tuesday, June 16, 2009 at 2:40pm

Tommy, Becky, business
What is it your are specifically trying to do? All I can do is provide some Tutorials but it would help to know why all these figures for Lear? http://www.google.com/search?q=accounting+tutorial&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox...
Tuesday, June 16, 2009 at 9:39am

Accounting-business
I am trying this one more time Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets...
Tuesday, June 16, 2009 at 3:57am

Accounting-business
Here is the other part that did not fit on the other post. Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of...
Tuesday, June 16, 2009 at 3:47am

Accounting
Can anyone tell me if one of these is correct? Lear, Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its ...
Tuesday, June 16, 2009 at 3:03am

accounting
Can somebody help me figure out how to calculate the profit or loss on 12,000 bags and 25,000 bags in this problem? The problem is Healthy Foods, Inc., sells 50-pounds of grapes to the military for $10 a bag. The fixed costs of this operation are $80,000, while the variable ...
Monday, June 15, 2009 at 7:27pm

Accounting
The individual portion of this assignment is for each person to produce his/her own solution to the following. Claire’s Antiques has fixed cost of $75,000 per month. Each antique has the following identifiable sales price, variable material costs, and fixed monthly costs...
Friday, June 12, 2009 at 5:00pm

Accounting
Healthy Foods, Inc., sells 50-pound bags of grapes to the military for $10 a bag. What is the degree of combined leverage at both sales levels? Chapter 5 page 144 problem 13 in Foundations of Financial Management. This is what I have so far can you tell me if this is correct? ...
Thursday, June 11, 2009 at 8:26pm

accounting
who would need to access an accounting information system and at what level?
Thursday, June 11, 2009 at 6:30pm

Accounting-business
Healthy Foods, Inc., sells 50-pound bags of grapes to the military for $10 a bag. What is the degree of combined leverage at both sales levels? Chapter 5 page 144 problem 13 in Foundations of Financial Management. This is what I have so far can you tell me if this is correct? ...
Thursday, June 11, 2009 at 5:43pm

accounting
The directors of Health Food Alliance Ltd have recently reviewed their legal financial reporting obligations to shareholders and are completely satisfied that the company’s financial reports meet all the required accounting standards. However, they are aware that many ...
Wednesday, June 10, 2009 at 9:38pm

accounting
Did I do any of this right and how do I figure Retain earnings (where does net income and dividends come from? Cash .05($1,150,000) = $57,500 Accounts Receivable .15($1,150,000) = $172,500 Inventory .25($1,150,000) = $287,500 Fixed Assets .40($1,150,000) = $ 460,000 Total ...
Wednesday, June 10, 2009 at 5:30pm

accounting
P 4-6 "University Physician Compensation"    Physicians practicing in eastern University's hospital have the following compensation agreement. Each doctor bills the patient (or Blue Cross Blue Shield) for his or her services. The doctor pays for all ...
Wednesday, June 10, 2009 at 11:28am

accounting
House mortgage You have just purchased a house and have obtained a 30-year, $200,000 mortgage with an interest rate of 10 percent. Required: a. what is your annual payment? b. Assuming you bought the house on Jan. 1st, what is the principle balance after one year? c. After ...
Wednesday, June 10, 2009 at 11:27am

accounting
Mr. Jones intends to retire in 20 years at the age of 65. As yet he has not provided for retirement income, and he wants to set up a periodic savings plan to do this. If he makes equal annual payments into a savings account that pays 4 percent interest per year, how large ...
Wednesday, June 10, 2009 at 11:26am

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