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Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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

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

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

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

Accounting, Finance
Do you have college accounting help also?

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

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

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

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

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

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

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

Accounting concepts
Where can I find the GAAP used for a particular hospital. For example Patton-Fuller Community Hospital. I need to explain used in its financial statements

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

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

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

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

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

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

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

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

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

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

accounting
Plasto Products does not pay income taxes and has one owner Is this corporation, partnership or sole priortership

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

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

intermediate accounting
explain impotnce of review of accounting cycle

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

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

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

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

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

Forensics, Accounting
Which would be the least effective procedure for preventing procurement fraud? Confirming Inventory Creating an approved vendor list Reviewing monthly bank reconciliations Separating job responsibilities Looking for cliques

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

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

Accounting
What account class would cash prize payment be under? A. Operating expense B. Cost of Goods Sold C. Asset D. Expense E. Liability I'm stuck between A, B, D. Help. thanks.

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

Managerial Accounting
What is FedEx’s strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operations excellence, or product leadership customer value proposition? What evidence supports your conclusion? What are FedEx’s four main business segments? ...

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

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

Capstone Accounting
Assessment of the strategic fit between Square D and Schneider. What are the pros and cons of a combination?

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

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

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

business
How important is accounting information to the decision making processes of a business

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

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

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

accounting
How can we pass the entry in journal and how can we check that which expenses comes in debit side nd which comes in credit side?

ACCOUNTING
The entry to close Cost of goods sold results in a debit to Income summary

accounting
The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to be repaid on the loan, including principle and interest, for the entire year?

Accounting
The annual interest rate for a customer’s loan of $675 is 19.25%. What is the total dollar amount to be repaid on the loan, including principle and interest, for the entire year?

accounting
. Making Product X requires 4,000 hours of labor and Product Y requires 6,000 hours of labor. TUV undertakes an automation program that reduces the consumption of labor required by Product Y to only 2,000 hours of labor. Product X is not affected by the automation process. ...

accounting information system
Brisbane Ltd has always had a strategy of product differentiation; that is, providing high quality products and extracting a price premium from the market. During the recent economic downturn, Brisbane Ltd has seen its customer base diminish and has decided to move ...

accounting
The Diamond Glitter Company is in the process of preparing its financial statements for 2012. Assume that no entries for depreciation have been recorded in 2012. The following information related to depreciation of fixed assets is provided to you.

Cost Accounting
Budgeted material costs 1,000 Budgeted labor costs 2,000 Budgeted overhead costs 1,500 Actual material costs 900 Actual labor costs 1,800 Actual overhead costs 1,250 1/1 WIP = 0 12/31 WIP = 2 1) Materials 25 Labor 20 2) Materials 15 Labor 32 Compute the overhead allocation ...

Accounting
Holden Company's shareholders' equity includes 75,000 shares of $0.40 cumulative preferred shares that had been issued for $375,000 and 200,000 common shares issued for a total of $720,000. Holden did not declare any dividends during the prior year and now declares and pays a...

Accounting
You own a gas pipeline that requires no maintenance and will produce $2 million of revenue next year. Unfortunately, the volume of gas is expected to decline by 4.0% per year. a.If the discount rate is 11.0% and the pipeline lasts forever, what is it worth today? b.If the ...

Accounting
6. Suppose NPI’s reinvestment rate on all future retained earnings were 12% instead of the 16% assumed in the previous problem. (Continue to assume initial earnings of $16 million.) If the dividend payout ratio were increased to 0.75, what happens to the growth rate and the ...

Accounting
What s an excess of expense over revenue called?

Business HELP!!!
This is a 100 question hw sheet and I have answered all but i am unsure about a few please help!!! 8. Which of the following statements about when the Fed increases the reserve requirement is correct? A. Interest rates go down. B. Banks have more money to lend. C. Inflation ...

Business
This is a 100 question hw sheet and I have answered all but i am unsure about a few please help!!! 8. Which of the following statements about when the Fed increases the reserve requirement is correct? A. Interest rates go down. B. Banks have more money to lend. C. Inflation ...

Business Accounting
This is a 100 question hw sheet and I have answered all but i am unsure about a few please help!!! 8. Which of the following statements about when the Fed increases the reserve requirement is correct? A. Interest rates go down. B. Banks have more money to lend. C. Inflation ...

Business Accounting
Which of the following statements about the money invested in a traditional IRA account is correct? A. It isn’t taxed until it’s withdrawn. B. It’s subject to double taxation. C. It’s taxed as you make deposits. D. It isn’t taxed.

Accounting
Susan Kline works for Trend Press, a fairly large book publishing firm. Her best friend and rival, Lisa, works for Silver Books, a smaller publisher. Both companies issue $100,000 in bonds on July 1. Trend's bonds were issued at a discount, while Silver's were issued at a ...

accounting
What sources are reliably used to estimate an asset's useful life?

accounting
What is included in the cost basis of a long-lived asset? Explain for at least two types of such assets.

Accounting
Prepare the income statement of Draper Consulting for the month ended Deceomber 31, 2012

accounting
how do i close a partial worksheet for Walter Searing, for month-end and post closing trial balnce.

Accounting
The ranking of project differs, depending on the use of IRR or NPV measures. Which project should be selected? Why is the IRR ranking misleading?

economics
Movie attendance dropped 8 percent as tick prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets? Could price elasticity be some-what overestimated from these figures? That is, could other things have changed, accounting for some of...

accounting
1.On December 15, 2012, Pascal declared a cash dividend of $2.00 per share to stockholders of record on December 31. The dividend is payable on January 15, 2013. Pascal has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury. 2.At December 31, ...

Programming with Eclipse
Design, implement, test, and debug an application to compute an employee’s weekly pay. If the employee works more than 40 hours a week, the employee earns 1.5 times the basic hourly pay for any time worked over 40 hours. The program should allow the user to input the ...

Managerial Accounting
The gross earnings of the factory workers for Vargas Company during the month of January are $66,000. The employer’s payroll taxes for the factory payroll are $8,000. The fringe benefits to be paid by the employer on this payroll are $6,000. Of the total accumulated cost of ...

Accounting
How to perpera the accounts of the company and cash flow statement

Microeconomics
3. Suppose that a business incurred implicit costs of $500,000 and explicit costs of $6 million in a specific year. If the firm sold 100,000 units of its output at $60 per unit, its accounting: A) profits were $100,000 and its economic profits were zero. B) losses were $500,...

accounting
Moreno Industries has adopted the following production budget for the first 4 months of 2013. Month Units Month Units January 10,000 March 5,000 February 8,000 April 4,000 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2012, the ending raw ...

accounting
what is the MIRR of cash flows of -900, 820,400,510,-180,and 200 at the rate of 16%?

financial accounting
If a $6,000, 10%, 10-year bond was issued at 104 on October 1, 2011, how much interest will accrue on December 31 if interest payments are made annually

accounting
On January 1, 2008 Touring company agreed to buy some equipment from Jones Company. Touring company signed a note,agreeing to pay Jones company $500,000 for the equipment on December 31, 2010. The market rate of interest for this note was 10%. a. Prepare the journal entry ...

Accounting
Spencer Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Product A B C Selling price $9 $12 $14 Variable costs and expenses $3 $9.50 $12 Machine hours to produce 2 1 2 Compute the contribution margin per unit of the...

Accounting
Imagen Arquitectonica of Tijuana, Mexico is contemplating a major change in its cost structure. Currently, all of its drafting work is performed by skilled draftsmen. Alfredo Ayala, Imagen's owner, is considering replacing the draftsmen with a computerized drafting system. ...

Accounting
E6-9 (a,b) Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Shoes Pairs of Gloves Range Finder Unit sales price $100 $30 $250 Unit variable costs 60 10 200 Unit ...

acc202managerial accounting
need help with problems 16-16, 16-17 and 16-18.

Manigerial Accounting
This is an extra credit assignment I was assigned that I really need the points for. I am having alot of trouble with it. I did a few of the questions but im not sure if they are right or not and I don't know how to do a few. For number 1 (Listed below) Payback = $46 million/$...

Accounting
T/F Questions The main reason that the bank statement cash balance and the company's cash balance do not initially balance is due to timing differences. Sales Discounts is a revenue account with a credit balance. Multiple Choice: Assuming a 360-day year, proceeds of $48,750 ...

Marketing
Managerial accounting is

Accounting
Big Company purchased a machine on February 1, 2013, and will make seven semiannual payments of $26,000 beginning five years from the date of purchase. The interest rate will be 12%, compounded semiannually. Determine the purchase price of the machine.

Accounting
When finding the break even point, I know that total fixed costs/contribution margin= Break Even Point, but is that answer in dollars? How do you find the sales volume (dollars) that need to be produced in order to break even? How do you find the required amount of hours that ...

Accounting
I have to create a contribution margin income statement (per unit) and need to determine how many burgers per hour I think the chef can make, so I can get the Direct Labor cost per burger. How do I find the Direct Labor cost, and where would that be located on a contribution ...

College Accounting
How do the entries affect account balances and why both debit and credit entries can increase or decrease an account balance?

Accounting
Questions 1. What is the issuing price for bonds A and B respectively? Show your calculations. 2. For bond A, provide the journal entries for • the issuance of bond, and • the first three interest payments. Please write down the date for each journal entry. Show your ...

accounting
The market interest rate for Christian Charities is 8% on January 1, 2008. On that day, Christian Charities issued the following bonds. A. $500,000 7-year 7% bond B. $300,000 10-year 9% bond For both bonds, interest is paid semiannually on June 30 and December 31 each year up ...

accounting
examples from the manufacturing industry of: o a journal entry that would be recorded that impacts the balance sheet

Health
Jennifer is fifty-four. Her husband Brian died suddenly in a care crash. Not only was she emotionally distraught, but she found herself in serious financial turmoil. Brian had handled the finances (at least she had thought he had) throughout their 21 year marriage. Upon his ...

Accounting
1.state ten users of accounting information and show their intrest 2. Enlimurate eight qualities that accounting information must poses. 3. Itemize at least eight roles of accounting in any organisation.,

Accounting
1.state ten users of accounting information and show their intrest 2. Enlimurate eight qualities that accounting information must poses. 3. Itemize at least eight roles of accounting in any organisation.,

Accounting
State ten users of accounting iformation and show their intrest 2 enumurate eighth qualities that accounting information must posses 3. Itemize at least eight rules of accounting in any organisation.

Accounting
1. Partially Correct Check My Work Problem-Solving Strategy Problem 16-1 (Algorithmic) Statement of Cash Flows—Indirect Method The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2013 and 2012, is shown as follows: Dec. 31, 2013 Dec. 31, 2012 Assets ...

Accounting
What types of cost information are reported to support managerial purposes and decisions? Describe 2 major categories of purposes that are supported by cost information. Describe how cost information supports both of these categories. What is a cost object and how is it used ...

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