Homework Help: Business: Accounting

Recent Homework Questions About Accounting

Accounting
Identify some of Enron's conflict of interest with in: SPE activities Arthur Andersen's activities Executives activities; can somebody please tell me what they are wanting? Because I do not understand what they did.
Saturday, April 4, 2009 at 11:43pm

accounting
In what segment did Enron start having operation difficulties? I think the segment that they started having difficulties was when they got greedy and decided to create Chewco in 1997. Am I right?
Saturday, April 4, 2009 at 7:28pm

Accounting
In what segment did Enron start having operation difficulties? I think the segment that they started having difficulties was when they got greedy and decided to create Chewco in 1997. Am I right?
Saturday, April 4, 2009 at 3:12pm

accounting
a 15 year bond pays 11% on a face value of $1000. If similar bonds are currently yeilding 8%, what is the market value of the bond? use annual analysis
Friday, April 3, 2009 at 11:26am

accounting
a 10 year bond pays 8% on a face value of $1000. If similar bonds are yeilding 10%, what is the market value of the bond. use annual analysis
Friday, April 3, 2009 at 11:25am

accounting
the longer the time to maturity: the greater the price increase from an increase in interst rates; the less the price increase from an increase in interest rates; the greater price increase from a decrease in interest rates; the less the price decrease fron a decrease in ...
Friday, April 3, 2009 at 11:24am

accounting
a ten year bond pays 11% interest on a $1000 face value annually. If it currently sells for $1195.00 what is its approximate yeild to maturity?
Friday, April 3, 2009 at 11:21am

accounting
a higher interest rate would: reduce the price of corprate bonds; reduce the price of preferred bonds; reduce the price of common stock; all of the above
Friday, April 3, 2009 at 11:19am

Financial Accounting
Brenda starts a merchanding business on December 1 and enters into three invfentory purchases: December 7 10 units @&6 cost December 14 20 units @12 cost December 21 15 units @ 14 cost Brenda sells 15 units for 25.00 each on Dec 15. Eight of the sold units are from dec 7 ...
Thursday, April 2, 2009 at 9:57pm

accounting
Cost-volume-profit (CVP) analysis is based entirely on unit costs.” Do you agree? Explain.
Thursday, April 2, 2009 at 9:54pm

accounting
A company borrows 5mil for a construction project @12% then invest the whole amount @11% until payments are due. During the year it incurs cost of 4mil evenly for the project. How much interest revenue would it recognize?
Thursday, April 2, 2009 at 6:08pm

accounting
What was the prime motivation behind the decisions of Arthur Anderson's audit partners on the Enron, WorldCom, Waste Management, and Sunbeam audits: the public interest or something else? Cite examples that reveals this motivation. I have read my text but it really does ...
Thursday, April 2, 2009 at 9:00am

Accounting
What are three challenges accountants should complete to be considered for a spot on a reality show as an accountant with a national firm.
Wednesday, April 1, 2009 at 8:39pm

principles accounting
1)The objectivity principle? Means that information is supported by independent, unbiased evidence. Means that information can be based on what the preparer thinks is true. Means that financial statements should contain information that is optimistic. Means that a business may...
Wednesday, April 1, 2009 at 10:31am

college
Ethical behavior requires? That auditors' pay not depend on the figures in the client's reports. Auditors to invest in businesses they audit. Analysts to report information favorable to their companies. Managers to use accounting information to benefit themselves. All ...
Wednesday, April 1, 2009 at 10:18am

Accounting
Horse Country Living publishes a monthly magazine for which a 12-month subscription costs $30. All subscriptions require payment of the full $30 in advance. On August 1, 2008, the balance in the Subscriptions Received in Advance account was $40,500. During the month of August...
Tuesday, March 31, 2009 at 8:18pm

ACC
Can anyone tell me if an accounting professional is guaranteed to act ethically just because he or, she has completed a course in ethics?
Tuesday, March 31, 2009 at 6:51pm

Accounting Ethics: Keeping it Clean.
What did Arthur Andersen contribute to the Enron disaster? I have read about this and I am having trouble understanding it.
Monday, March 30, 2009 at 11:52am

accounting
1,050- to 1,400-word paper in which you assume the role of Kardell¡¦s CEO. As CEO, critically examine each stakeholder position in light of the facts of the case. „h Consider the strengths and weaknesses of each stakeholder position, especially how their ...
Saturday, March 28, 2009 at 4:28pm

Accounting
Give an example of the following tranactions •Increase an asset and increase a liability. •Increase one asset and decrease another asset. •Decrease an asset and decrease owner's equity. •Decrease an asset and decrease a liability. •Increase an ...
Friday, March 27, 2009 at 7:56pm

accounting
Why is it important for a professional accountant to understand the ethical trends?
Wednesday, March 25, 2009 at 5:27pm

Financial Accounting
What items appear on the merchandising company statements that don’t appear on the service company statements? Why is there a difference?
Tuesday, March 24, 2009 at 11:10pm

Business Accounting
When performing a SWOT analysis, an auto manufacturer realize that its major competitor just lost a costly lawsuit over vehicle safety. The competitor's situation will be analyzed as: a. threat b. opportunity c.strength d. weakness
Tuesday, March 24, 2009 at 5:39pm

accounting
what type of activities do you think an account payable supervisor handle at a company such as sony pictures entertainment
Tuesday, March 24, 2009 at 12:22am

College Accounting
Re: Homework Text: College Accounting, 19th Edition Page 227-229 Can you provide me with the trail blances for May: Comprehensive Problem 2 - The General's Favoriate Fishng Hole. I am really having a problem with this assignment and I would greatly appreciate your help. ...
Thursday, March 19, 2009 at 4:54am

College Accounting
Re: Homework Can you provide me with the trail blance for May: Comprehensive Problem 2 - The General's Favoriate Fishng Hole. I am really having a problem with this assignment and I would greatly appreciate your help. Thank you Diana Couturier
Thursday, March 19, 2009 at 4:51am

accounting
Looking at this question and not sure why fixed cost is 2,000 and not 6,000. ********** Galley Industries can produce 100 units of necessary component parts with the following costs: Direct Materials $20,000 Direct Labor 9,000 Variable Overhead 21,000 Fixed Overhead 8,000 If ...
Wednesday, March 18, 2009 at 8:07pm

accounting
Shelton Engineering completed the following transactions in the month of June. a. Shania Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the business. b. Purchased land worth $54,000 for an office...
Wednesday, March 18, 2009 at 3:29pm

Accounting
The company borrowed 85,000 from eastern Bank and the questions are a. List thename of the accountsthat are impacted by the transaction. b. For each account, indicate whether the transaction increased or decreased the account. c. For each account, indicate how much the ...
Tuesday, March 17, 2009 at 6:21pm

Accounting
Impact of a Transaction The company borrowed $85,000 in cash from Eastern Bank. a. List the accounts impacted by the transaction. b. For each account, indicate whether the transaction increased or decreased the account. c. For each account, indicate how much the transaction ...
Tuesday, March 17, 2009 at 2:48pm

accounting
Computer equipment was acquired at the beginning of the year at a cost of $56,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year’s depreciation using straight-line depreciation
Monday, March 16, 2009 at 11:26pm

ACCOUNTING
P7-2B The board of trustees of a local church is concerned about the internal accounting controls pertaining to the offering collections made at weekly services. They ask you to serve on a three-person audit team with the internal auditor of the university and a CPA who has ...
Monday, March 16, 2009 at 9:23pm

accounting
You are provided with the following information for Pavey Inc. for the month ended October 31, 2008. Pavey uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price October 1 Beginning inventory 60 $25 October 9 Purchase 120 26 October 11 Sale 100...
Sunday, March 15, 2009 at 5:38pm

accounting
Incremental Analysis question: I know the answer is $4.20, but I can't figure out why. Sandusky Inc. has the following costs when producing 100,000 units: Variable costs $400,000 Fixed costs 600,000 An outside supplier is interested in producing the item for Sandusky. If ...
Saturday, March 14, 2009 at 10:11pm

accounting
Can anyone help me with this? What was the prime motivation behind the decisions of Arthur Andersen’s audit partners on the Enron, WorldCom, Waste Management, and Sunbeam audits: the public interest or something else?
Friday, March 13, 2009 at 7:58pm

accounting
Why should an auditor make decisions in the public interest rather than in the interest of management? This is what I have so far. What else can I use? They are made in the interest of all current and potential (public) shareholders.... if a company makes the decision to go ...
Friday, March 13, 2009 at 7:45pm

accounting
How are corporate income taxes paid during the year?
Thursday, March 12, 2009 at 1:10pm

Accounting
Journalize these transactions: Apr 1: K. Smart (owner of business) provided delivery service to D. Smith for $1200. D. Smith agreed to pay in 30 days Apr 2: D. Smith paid $400 on his account. April 14: D. Smith paid the balance owing on his account May 1: K.Smart provided ...
Thursday, March 12, 2009 at 10:36am

Accounting
You have been hired into a new company to oversee the accoutning 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 decisions?
Thursday, March 12, 2009 at 1:22am

accounting
what information would be found in each of the following groupings on a classified balance sheet
Tuesday, March 10, 2009 at 7:43pm

hhs 265 accounting
calculating the current ratio of the XYZ nonprofit corporation balance sheet using appendix b.
Saturday, March 7, 2009 at 8:51pm

accounting
describe a balance sheet, income statement, retained earnings statement, and statement of cash flows? How does a company use these financial statements to make future business decisions?
Saturday, March 7, 2009 at 7:07pm

Accounting
Absorption Income versus Contribution Margin Income Absorption Income versus Contribution Margin Income Given the computations for both gross profit on sales and contribution margin, can you give specific benefits to be derived from gross profit on sales as opposed to ...
Thursday, March 5, 2009 at 11:28am

Intro to Accounting
Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases……………... E250,000 Freight In……………… E8,...
Tuesday, March 3, 2009 at 10:48pm

accounting
Bond Conversion The tramot corporation has $2,000,000 of 6 percent bonds outstanding. There is $40,000 of unamoritized discount remaining on the bonds after the March 1, 2008 semiannual interest payment. The bonds are convertible at the rate of 20 shares of $10 par value ...
Sunday, March 1, 2009 at 5:47pm

Accounting
I'm tryng to draft a End of the Month Income Statement and I'm not sure what items to look for to record under the Revenue section. Can anyone please help or advise me what to look for?
Saturday, February 28, 2009 at 2:05pm

accounting
Marvin is planning to open a fabric dyeing business. He plans to do large scale dyeing of both fabric bolts and ready-to-wear garments. The source of business will be garment makers and cleaners. He has worked in this part of the fashion industry and knows how much capital he ...
Thursday, February 26, 2009 at 10:39pm

Accounting
*I don't know where to begin, please HELP* Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005. Account Title Debit Credit Cash . . . . $ 7,000 AR . . . . . 16,500 Office Supply 2,000 Trucks . . . ...
Wednesday, February 25, 2009 at 10:26pm

statistics
In the past, 44% of those taking a public accounting qualifying exam have passed the exam on their first try, Lately, the availability of exam preparation books and tutoring sessions may have improved the likelihood of and individual's passing on his or her first try. In a...
Wednesday, February 25, 2009 at 10:18pm

accounting
Can anyone let me know if I have these correct and if not what am I doing wrong. 1. For each of the following items, indicate whether its amount (i) affects the bank or book side of a bank reconciliation and (ii) represents an addition or a subtraction in a bank reconciliation...
Wednesday, February 25, 2009 at 10:11pm

Accouting
Can someone help with the accounting question... If not, please let me know that you cannot help.
Monday, February 23, 2009 at 10:19pm

Accounting
Hi, I am having trouble figuring out the below question. Can someone please provide some guidance. Thanks! _____________________________________ It’s December 31, 2007 and you are about to close the firm’s books for the year. Just as you think everything is done. 1.)...
Monday, February 23, 2009 at 9:20pm

accounting
What would you pay for a $50,000 debenture bond that matures in 15 years and pays $5,000 a year in interest if you wanted to earn a yield of: (Round computations to 2 decimal places and use the rounded amounts to calculate the final answer. Round the final answer to 2 decimal ...
Monday, February 23, 2009 at 10:35am

Accounting
The City of Mirada wants to offer cable television to its residents in 2009. The city has approached a company called CableVision to run its cable operations. After negotiating with key parties, CableVision has made the following agreements: * Mirada will offer its residents a...
Sunday, February 22, 2009 at 7:19pm

Accounting
Can you please let me know how do you keep a running balance for an account using four column accounts. Thanks!!
Sunday, February 22, 2009 at 5:29pm

Accounting Ethics
„h Write a 1,050- to 1,400-word paper in which you assume the role of Kardell¡¦s CEO. As CEO, critically examine each stakeholder position in light of the facts of the case. „h Consider the strengths and weaknesses of each stakeholder position, ...
Sunday, February 22, 2009 at 1:56pm

Accounting
Hello, I am taking an accounting class and the questions states "post to the accounts and keep a running bakance for each account" the question gives a page number to refer to but it does not provide any guidance. What does these means?? Thanks
Sunday, February 22, 2009 at 1:42pm

accounting
Instructions Identify the internal control principles and their application to cash disbursements of Marais Company. P7-2B The board of trustees of a local church is concerned about the internal accounting controls pertaining to the offering collections made at weekly services...
Sunday, February 22, 2009 at 1:26pm

Accounting
The Ritz Manor is a popular seaside resort. A double room costs $220 for one night. In order to reserve a room, guests must pay one night’s stay in advance. On each floor of the hotel, Vendalite Company operates vending machines with energy bars, juices, and other snacks ...
Thursday, February 19, 2009 at 5:31pm

accounting
The Mountain View Senior Adult Program (MVSAP) is interested in starting a visiting nurse program. The program would use licensed practical nurses to make home visits once a week to full-pay clients in the community. The MVSAP will treat the visiting nurse program as a profit ...
Thursday, February 19, 2009 at 2:24pm

Accounting
When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable? In other words, why are these accounting characteristics important? What kinds of problems could be created if a financial report is not reliable, relevant, consistent...
Wednesday, February 18, 2009 at 6:57pm

accounting
need help with this problem. On July 1, 2008, The Reno Rattlers Inc. bought a reconditioned D.C. 3 to cut travel costs for its players to go away to games. The Rattlers paid $1million in cash and signed a promissory note with no stated interest rate for 3.96 million due and ...
Wednesday, February 18, 2009 at 12:13pm

accounting
1) Straight-Line Method 2) Declining-Balance Method 3) Double-Declining-Balance Method 4) Sum-of-the-Year's digits Method What are the main characteristics of each method and in what situation would you use each of these methods?
Wednesday, February 18, 2009 at 1:54am

Accounting
The Suns bought a reconditioned DC 3. They paid 1 million in cash and signed a promissory note with no stated interest rate for 3.96 million due and payable after 12 months, but renegotiable on June 30, 2009. Under similar circumstances a bank would charge a company with the ...
Tuesday, February 17, 2009 at 11:53pm

accounting
I have a problem I am trying to post into a journal. the question is.. "Recieved an invoice on account from Artex Golf Products for merchandise purchased on account" Can anyone help me post this into my journal? My columns are. General, accounts recievable, sales ...
Monday, February 16, 2009 at 11:07pm

ACC 225
What is the difference between cash basis and accrual basis accounting? Why do accrual-basis financial statements provide more useful information than cash-basis financial statements? Describe when each method (cash basis and accrual basis accounting) would be appropriate to ...
Monday, February 16, 2009 at 6:22pm

finance
How would the following errors affect the account balances and the basic accounting equation, Assets = Liabilities + Owners' Equity? How do the misstatements affect income? o The purchase of a truck is recorded as an expense instead of an asset. o A cash payment on ...
Sunday, February 15, 2009 at 7:04pm

Accounting
Take a publicly traded company (Nestle -- see attached) that conducts business in both the U.S. and in a foreign country and discuss the challenges the company faces with respect to GAAP accounting requirement differences because they do business in a foreign country.
Friday, February 13, 2009 at 2:11pm

Accounting
In 2000, purchased land for $5,600,000 that had a natural resource supply estimated at 4,000,000 tons. When the natural resources are removed, the land has an estimated value of $640,000. The required restoration cost for the property is estimated to be $800,000. Development ...
Friday, February 13, 2009 at 11:29am

Accounting
The Dec. 31, 2001, balance sheet includes the following items: 9% bonds payable due 12/31/2010 $800,000 Discount on bonds payable $21,600 The bonds were issued on December 31, 2000, at 97, with interest payable on June 30 and December 31 of each year. The straight-line method ...
Friday, February 13, 2009 at 11:25am

accounting
In 2002, construction work began on a three-year contract at a price of $7,525,000. The firm uses the percentage-of-completion method of financial accounting purposes. The income to be recognized each year is based on the proportion of cost incurred to the total estimated ...
Friday, February 13, 2009 at 11:21am

Accounting
Kam Motor Company manufactures automobiles. During September 2007 the company purchased 5,000 head lamps at a cost of $9 per lamp. Kam withdrew 4,650 lamps from the warehouse during the month. Fifty of these lamps were used to replace the head lamps in autos used by traveling ...
Tuesday, February 10, 2009 at 9:39pm

accounting
Kam Motor Company manufactures automobiles. During September 2007 the company purchased 5,000 head lamps at a cost of $9 per lamp. Kam withdrew 4,650 lamps from the warehouse during the month. Fifty of these lamps were used to replace the head lamps in autos used by traveling...
Tuesday, February 10, 2009 at 9:36pm

accounting
Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $40,000, and that it has a 30 percent tax bracket. What are the after-tax cash flows for the company? Question 17 answers
Tuesday, February 10, 2009 at 6:27am

accounting
In 2007, Paul who is single has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2007 income tax return until November 30, 2008 (due date was April 15...
Sunday, February 8, 2009 at 10:40pm

accounting
How the beginning financial position in a ledger set up?
Sunday, February 8, 2009 at 3:03pm

Accounting Ethics
I need to write a paper, in which I am critiquing the philosophical approaches for three different types of scenarios. I previously had to complete a matrix on these scenarios, of whether I needed to choose "Consequentialism", "Deontology" or "Virtue ...
Saturday, February 7, 2009 at 9:11pm

Accounting
What are the eight accounting concepts?
Friday, February 6, 2009 at 8:41pm

accounting
I've done the entire problem and I am at a complete loss on how to find the manufacturing overhead at the end. Help please. Problem below. I've scanned the pages, but can't put them up here.
Friday, February 6, 2009 at 8:04pm

accounting
I have to submit a powerpoint presentation for my class and I am stumped on how to get my presentation into my powerpoint and my speaker notes. I have all of my information written down I just need someone to tell me if I am on the right track? the question is Imagine you have...
Tuesday, February 3, 2009 at 10:22pm

accounting
o How are entries made under each type of accounting? o How does each type of accounting handle depreciation, if at all? o How is inventory accounted for? o Are there any differences between the organizations that adopt a particular accounting method? o What are the strengths ...
Monday, February 2, 2009 at 8:50pm

accounting
Ok, the case is this. Six months ago, you closed your business. Now, a person has expressed an interest in acquiring the business. The potential buyer requests a current balance sheet, but you provide her with the one that was prepared just prior to closing. 1) Will the ...
Monday, February 2, 2009 at 7:15pm

accounting
Estimating a cost function, high-low method. Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes between 1,000 and 2,000 round-trips per year. The records indicate that a ...
Monday, February 2, 2009 at 12:18pm

accounting
Anzlyzing financial statement effects of accounting for bad debits using the allownace method. Duffy Bros. uses the allowance method to account for bad debets expense. Duffy experienced the following four events in 2008: 1.Recognition of 64,000 of service revenue on account 2...
Sunday, February 1, 2009 at 10:35pm

Accounting!
Do we have any accounting tutors here?
Sunday, February 1, 2009 at 9:54pm

QRB 501-Accounting
Gateway, Inc., did not declare or pay any dividends during fiscal 1999 or fiscal 1998. What do you suppose is the primary reason for this?
Sunday, February 1, 2009 at 9:42pm

accounting
How do you think the accounts receivable system contributes to the overall success of a business? What impact does the accounts receivable systems has on cash flows and on customer service?
Monday, January 26, 2009 at 4:08pm

accounting
Can anyone tell me if this is correct and if not what I did wrong. Thank you Exercise 3-7 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: ...
Friday, January 23, 2009 at 5:14pm

accounting
I am having trouble with this can someone please help me? Thank You Post your response to the following: The Ritz Manor is a popular seaside resort. A double room costs $220 for one night. In order to reserve a room, guests must pay one night’s stay in advance. On each ...
Thursday, January 22, 2009 at 1:47am

accounting
On October 31, a flood at Payne Company’s only warehouse caused severe damage to its entire inventory. Based on recent history, Payne has a gross profit of 25 percent of net sales. The following information is available from Payne’s records for the 10 months ended ...
Wednesday, January 21, 2009 at 12:11am

accounting
how do i calulate my ss witholdings from my paycheck? i know its 6.2% of my earnings. So if i made 551.65 for the year i would take 551.65*6.2% and subtract that answer from the 551.65?
Tuesday, January 20, 2009 at 2:23am

college Accounting
Classify the following Users of information as either: Internal User External User; trading partner External User; Stake holder 1) IRS 2) Inventory control manager 3) Board of Directors 4)Customers 5) Lending Institutions 6)SEC 7) Stockholders 8) CEO 9) Suppliers 10)Bondholders
Tuesday, January 20, 2009 at 12:24am

Accounting
Classify the following Users of information as either: Internal User External User; trading partner External User; Stake holder 1) IRS 2) Inventory control manager 3) Board of Directors 4)Customers 5) Lending Institutions 6)SEC 7) Stockholders 8) CEO 9) Suppliers 10)Bondholders
Tuesday, January 20, 2009 at 12:23am

college
all records in a file must be uniquely identiied in at least one attribute which is its primary key. identify primary key Record Type: Accounts payable Inventory Customer Sales Orders Purchase Orders to Vendors Cash Receipts (checks) from Customers Cash Disbursements (checks) ...
Tuesday, January 20, 2009 at 12:20am

college princ. of accounting II
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Round all answers to 0 decimal places.) The equipment depreciates at $250 per month.
Monday, January 19, 2009 at 6:50pm

ACCOUNTING
HELP WITH DISTRIBUTION OF PARTNERSHIP INCOME AND LOSS , SALARIES, INTEREST RATIOS . IM PRETTY MUCH STUCK ON THE LOSSES
Monday, January 19, 2009 at 8:58am

College students and Grads
We are presently in need of E-tutor volunteers at Jiskha. If you feel you have a need to help others, and enjoy helping students in grasping ideas in their schoolwork, we are looking for additional volunteers. Specifically, we need competent and helpful persons in Algebra ...
Sunday, January 18, 2009 at 8:40pm

accounting
Why do you think some smaller businesses do not carry receivables? What difference would this make in their decision to use cash basis or accrual accounting?
Friday, January 16, 2009 at 5:53pm

accounting
An employee who is married and has two children submits a W-4 form to his employer indicating that he is single and claims zero deductions. Is this action ethical, unethical, or illegal?
Thursday, January 15, 2009 at 1:57am

accounting
Are condominiums taxable or exempt
Wednesday, January 14, 2009 at 10:25pm

Accounting
How does discounted cash flow differ from the other valuation methods?
Wednesday, January 14, 2009 at 1:07pm

Business Statistics
The manager of a vacation resort has claimed that, on average, a guest spends at least $3000 at the resort during a one week stay, including meals and entertainment. A member of the accounting staff does not believe the amount is that high. They authorize you to settle their ...
Thursday, January 8, 2009 at 9:50am

statistics
what method gathering data may be best use for the following situations. 1.study about culture minorities. 2.study about pre-marital sex among college students and the respondents are friends or classmates. 3.the subject of study is patients in comatose conditions. 4.the study...
Thursday, January 8, 2009 at 9:27am

Accounting 101
What type of transaction decreases a liability and increases a liability.
Wednesday, January 7, 2009 at 1:12pm

Accounting
The question is, indicate which of the following accounts normally require an adjusting entry. The accounts are Salaries Payable, Land, Dana Cates - Drawing, Accumulated Depreciation, Unearned Rent and Supplies. The ones that I think require an adjustment are Salaries Payable...
Monday, January 5, 2009 at 9:00pm

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.
Friday, January 2, 2009 at 3:45am

accounting
The board of trustees of a local church is concerned about the internal accounting controls pertaining to the offering collections made at weekly services. They ask you to serve on a three-person audit team with the internal auditor of the university and a CPA who has just ...
Tuesday, December 30, 2008 at 12:37pm

Accounting
What does it mean when the accumulated deficit on a balance sheet is a (loss)?
Friday, December 19, 2008 at 4:14pm

Accounting
In activity-based costing, an activity is any even, action, transaction, or work sequence that incurs cost when producing a product or providing a service. The selected activity is packaging and shipping of finished products to the purchaser. Identify the costs.
Friday, December 19, 2008 at 11:52am

accounting
Would you always invest in a fund that pays interest monthly over one that pays interest quarterly? What would influence your decision?
Wednesday, December 17, 2008 at 1:16am

Accounting
How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future value of any given amount?
Monday, December 15, 2008 at 11:23pm

financial
Is it possible for a business to prepare financial statements using the cash basis of accounting if they use the accrual basis of accounting for bookkeeping purposes? What adjustments would need to be made?
Friday, December 12, 2008 at 3:10pm

Accounting
purchases account is classified as: a. an expense account b. an asset account d. a cost account
Tuesday, December 9, 2008 at 7:26pm

Accounting final
I have to decide whether these payments go under the land account or building account? I have a feeling neither of them go under the accounts, but just want to make sure. Fire insurance premium payment Asset write-up to proper value Thanks!
Monday, December 8, 2008 at 12:48pm

Accounting
what are the outside factors upon which the conclusions drawn from financial statements and financial statement analysis are reliant? Please help!! I'm trying to finish a VERY long accounting paper and got stuck with this question, have no clue, someone please help!! Thanks
Sunday, December 7, 2008 at 3:37pm

Accounting
BJK Company purchased 1000 shares of its own outstanding $10 par value common stock for $14 per share and then sold 400 shares six months later for $17 a share. Prepare the journal entries for the purchase of the stock and for the sale.
Sunday, December 7, 2008 at 1:51pm

accounting
On March 1, 2008, five-year bonds are sold for $254,013 that have a face value of $250,000 and an interest rate of 10%. Interest is paid semi-annually on March 1 and September 1. Using the straight-line amortization method, prepare the borrower's journal entries on March 1...
Sunday, December 7, 2008 at 1:47pm

accounting
If i have $550.00 a week.how much is the state deductions in the state of california for one week?
Sunday, December 7, 2008 at 12:08am

Accounting
Calculate the future value of the following: o $5,000 compounded annually at 6% for 5 years o $5,000 compounded semiannually at 6% for 5 years o $5,000 compounded quarterly at 6% for 5 years o $5,000 compounded annually at 6% for 6 years • Answer the following: What ...
Wednesday, December 3, 2008 at 10:28pm

accounting
how do i record adjusting and closing entries for a service business? how do i do a post-closing trial balance?
Wednesday, December 3, 2008 at 5:53pm

college
accounting
Wednesday, December 3, 2008 at 2:13pm

Accounting
How and why variances are used?
Tuesday, December 2, 2008 at 12:08pm

Accounting
How does the cost system work?
Tuesday, December 2, 2008 at 12:07pm

accounting
Select a company you are familiar with. Explain each step of the accounting cycle. Describe at least one transaction that would occur at the company you selected in each of these steps
Sunday, November 30, 2008 at 5:06pm

Intermediate Accounting
Python Company leased equipment from Hope Leasing on January 1, 2006. Hope purchased the equipment at a cost of $232,666. Other information: Lease term 3 years Annual payments $90,000 on January 1 each year Life of asset 3 years Fair value of asset $232,666 Implicit interest ...
Saturday, November 29, 2008 at 2:25pm

help asap plz
is there any percedure would not require the separate record for collecting and accounting for sales taxes, yet comply with a state's requirement to collect and submit sales taxes based on sale of merchandise sold?
Tuesday, November 25, 2008 at 9:00pm

accounting
what percedure would not require the separate record for collecting and accounting for sales taxes, yet comply with a state's requirement to collect and submit sales taxes based on sale of merchandise sold?
Tuesday, November 25, 2008 at 8:03pm

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.
Tuesday, November 25, 2008 at 1:38pm

Accounting
Which type of corporate information is not available to investors?
Tuesday, November 25, 2008 at 10:05am

systems analysis task
1.Jesse wants to see a context diagram and a diagram 0 DFD for TIMS. Be sure to include at least four processes in the diagram 0 DFD. 2.Jesse would also like to see a lower-level diagram for each of the four processes that you identify in diagram 0. You can label the data ...
Sunday, November 23, 2008 at 9:18am

systems analysis design task
Tasks: 1. Jesse wants to see a context diagram and a diagram 0 DFD for TIMS. Be sure to include at least four processes in the diagram 0 DFD. 2. Jesse would also like to see a lower-level diagram for each of the four processes that you identify in diagram 0. You can label the ...
Sunday, November 23, 2008 at 9:16am

college systems analysis and design (visio 2007)
I need help on this data flow diagram pretty much i dont have a clue what i am doing. And my instructor has been no help all year so could somebody please do this for me. i dont have a clue how to use visio either. I have to do a dfd base on the JaD session example. A JAD ...
Sunday, November 23, 2008 at 8:25am

accounting 2 urgent please help
part 2 thank you Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities a.Equipment and land were acquired for cash b.There were no disposal of equipment during the year c.The investments were sold for 45,000 cash d.The ...
Wednesday, November 19, 2008 at 5:21pm

accounting 2 urgent please help
part 1 June 30, 2008/2007 Assets Cash- 34,700/23,500 accounts receivable- 101,600/92,300 inventory- 146,300/142,100 Investment-0/50,000 Land-145,000/0 equipment- 215,000/175,500 accumulated depreciation- (53,400)/ (41,300) 2008= 594,000 /2007=442,100 Liabilities and ...
Wednesday, November 19, 2008 at 5:20pm

accounting 2
a.Equipment and land were acquired for cash b.There were no disposal of equipment during the year c.The investments were sold for 45,000 cash d.The common stock was issued for cash e.There was a 65,900 credit to retained earning for net income f.There was a 50,000 debit to ...
Wednesday, November 19, 2008 at 4:07pm

accounting 2
June 30, 2008/2007 Assets Cash- 34,700/23,500 accounts receivable- 101,600/92,300 inventory- 146,300/142,100 Investment-0/50,000 Land-145,000/0 equipment- 215,000/175,500 accumulated depreciation- (53,400)/(41,300) 2008= 594,000 /2007=442,100 liabilities and stockholders ...
Wednesday, November 19, 2008 at 4:05pm

accounting
Explain each step of the accounting cycle. Describe at least one transaction that would occur at the company you selected in each of these steps.
Tuesday, November 18, 2008 at 4:43pm

accounting
4. Suppose a Midwest telephone company and telegraph MTT company bond maturing in one year can be purchased today for $975 assuming that that the bond is held until maturity the investor will receive $1000 principal plus 6 percent interest that is 0.06x $ 1000= 60 determine ...
Sunday, November 16, 2008 at 9:48pm

medical coding and billing
Can someone please help me by reading my research project on HIPAA for me I just want to know if I did it right or not. These are the things that want me to do.Answers each question in a comlete paragraph that includes an introductory sentence, at least four sentences of ...
Saturday, November 15, 2008 at 5:07am

medical coding and billing
can someone take a look on my HIPAA RESEARCH PROJECT FOR ME PLEASE.THESE ARE THE THINGS THAT THEY WANT ME TO DO, ANSWERS EACH QUESTION IN COMPLETE PARAGRAPH THAT INCLUDES AN INTRODUCTORY SENTENCE, AT LEAST FOUR SENTENCES OF EXPLAINATION, AND A CONCLUDING SENTENCE. PROVIDES ...
Thursday, November 13, 2008 at 11:10pm

accounting
What legal issues does a Corporate attorney for an airline company handle?
Tuesday, November 11, 2008 at 2:50am

Accounting II
In am month in which 30,000 equivalent full units are produced, Manufacturing overhead should be? Units Manufacturing overhead hi 117,000 306,000 low 81,000 234,000 The answer is 132,000(I need to know what steps they did to figure that out)
Tuesday, November 11, 2008 at 12:15am

Accounting
Do companies have only one revenue account?
Monday, November 10, 2008 at 6:54pm

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