Homework Help: Business: Accounting

Recent Homework Questions About Accounting

Finance/Accounting
Milwaukee Surgical Supplies, Inc, sells on terms of 3/10, net 30. Gross sales for the year are $1,200,000 and the collections department estimates that 30 percent of the customers pay on the tenth day and take discounts, 40 percent pay on the thirtieth day, and the remaining ...
Thursday, October 2, 2008 at 6:47pm

Financial accounting
I'm lost on how to do calculate revenues, expenses, and income. Can anyone tell me how to do this? I am a student online at Axia. HELP!!!!!!
Thursday, October 2, 2008 at 4:50pm

accounting
prepare journal entry and adjusting journal entry on these transactions: end of fiscal year is Nov 30,2004 Transactions: A theatre rents out their space from time to time to community groups to earn extra revenue. A local rock band pays $400 per month to use the theatre for ...
Tuesday, September 30, 2008 at 10:13am

accounting
what are the uses of accounting?
Monday, September 29, 2008 at 11:22pm

accounting
How does using the software of Peachtree and QuickBooks help a small business owner improve their cash flow?
Monday, September 29, 2008 at 9:39pm

accounting
Why do each responsibility centers have their own budget?
Friday, September 26, 2008 at 2:56pm

accounting
I am having a hard time finding this. Can anyone help me please? Give an example of the kinds of decisions where incremental analysis would be used in each center. Revenue, profit, cost and investment.
Friday, September 26, 2008 at 1:44pm

math/accounting
why is it necessary to an annuity present value. Why is the calculation of the present value of any future amount important? Why is the present value of any future amount greater when the discount rate is lower?
Thursday, September 25, 2008 at 7:21pm

accounting
I am having a hard time finding these. Can anyone help me please? Give an example of the kinds of decisions where incremental analysis would be used in each center. Revenue, profit, cost and investment.
Thursday, September 25, 2008 at 5:56pm

Accounting
On January 1, 2006 two individuals invested 510000 each to form Steve Corporation. Steve had total revenues of 240000 during 2006 and 250000 during 2007. Total expenses for the same periods were 120000 and 150000. Cash dividends paid out to stockholders totaled 22000 in 2006 ...
Thursday, September 25, 2008 at 12:28am

accounting
How depreciation and amortization affect the income statement and the profitability of the company as well as its affect on the income taxes a company pays. Also the advantages of an accelerated method of depreciation and how that affects net income, the balance sheet,AS WELL ...
Wednesday, September 24, 2008 at 5:09pm

accounting
Ignoring income taxes compute the amount of loss, if any, to be recognized by Banno as a result of retiring the $900,000 of bonds in 2007 and prepare the journal entry to record the retirement. On January 2, 2002, Banno Corporation issued $1,500,000 of 10% bonds at 97 due ...
Tuesday, September 23, 2008 at 11:24am

accounting
Eric Sherm began working as a part-time waiter on April 1st, 2008 at Yard restuarant. The cash tips of 475 that he received during April were reported on form 4070, which he submitted to his employer on May 1st. During May, he was paid wages of 630.00 by the restuarant. ...
Monday, September 22, 2008 at 8:13pm

Accounting Balance Sheet - please help!!!
The following data pertain to Pavilion Products Inc. (PPI): PPI has outstanding debt in the form of accounts payable, 6-month notes payable, and long-term bonds. The notes carry a 10% interest rate and the bonds carry an 8.5% rate. Both the notes and bonds were outstanding for...
Sunday, September 21, 2008 at 8:15pm

financial accounting
Which of the following supports the accrual basis of accounting? revenue recognition concept, cash concept, mathcing concept, or revenue recognition and matching concepts?
Sunday, September 21, 2008 at 1:26pm

accounting
how can information on a classifed balance sheet help indicate the future success or failure of a business?
Friday, September 19, 2008 at 8:51pm

accounting
can anyone help me with this? What is the difference between a master budget and a sales budget?
Thursday, September 18, 2008 at 11:10pm

accounting
Can anyone help me with this? How can a budget impact the human behavior of a manager?
Tuesday, September 16, 2008 at 10:48pm

Accounting & Finance
What type of inflation accounting do you favor under high inflationary periods? Do you think tax allocation can improve the prediction of future tax payments in the short run? What are the economic consequences of SFAS No.87?
Tuesday, September 16, 2008 at 3:55pm

accounting
I have looked and can not find this. can anyone help me out? What information is found on a flexible budget report?
Friday, September 12, 2008 at 11:32pm

accounting
i HAVE A BALANCE SHEET FOR A COMPANY AND i WOULD LIKE FOR SOMEONE TO TELL ME IN LAYMAN TERMS WHAT IT SAYS
Friday, September 12, 2008 at 1:33pm

accounting
I am having a hard time with this can anyone help me out? Linda Fearn asks your help in constructing a CVP 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.
Tuesday, September 9, 2008 at 6:55pm

Accounting
Redmon Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of June. June 1 Purchased $8,100 of merchandise on credit from Vick, Inc., terms n30. 8 ...
Tuesday, September 9, 2008 at 6:26pm

accounting
why can the owner of a business withdraw assets from that business for personal use? b. why would the owner withdraw assets other than cash?
Sunday, September 7, 2008 at 9:13pm

ACCOUNTING
Your department’s accounting software is extremely outdated, and you have included the purchase of new software in this year’s fiscal budget. You have decided it is time to start looking into purchasing your company’s accounting software and have chosen someone ...
Sunday, September 7, 2008 at 8:11pm

ACCOUNTING
Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Be sure to discuss why each factor is important, as well as the risks of not considering each factor
Sunday, September 7, 2008 at 8:09pm

Accounting
Can anyone tell me if this is correct? I have been hired into a new company to oversee the accounting department. What type of financial reports would I expect to see in the department? How will I use the financial reports available to me to make business decisions? This is ...
Thursday, September 4, 2008 at 3:01pm

accounting
Think back over what you have studied and learned in this course. Do you have a new perception of or appreciation for the field of accounting and how it contributes to business? Explain
Thursday, September 4, 2008 at 12:32am

accounting
I have been hired into a new company to oversee the accounting department. What type of financial reports would I expect to see in the department? How will I use the financial reports available to me to make business decisions? This is what I have so far but, I do not know if ...
Wednesday, September 3, 2008 at 11:56pm

accounting
Can anyone help me with this, why doesn't managerial accounting require independent audits to verify the accuracy of the generated reports used in the management decision making process?
Tuesday, September 2, 2008 at 8:32pm

College Accounting
Is there anyone that can help me with Chapter 2 problem 2-3a. I really need help with the effects of transactions(balance sheet accounts)
Tuesday, September 2, 2008 at 5:52pm

ACCOUNTING
Need to prepare the bank reconciliation for Multi-Plex Health care at May31 and Record the entries called for by the reconciliation. The May 31 bank statement of Multi-Plex Health care has just arrived from first state bank.To prepare the bank reconciliation gather the ...
Sunday, August 31, 2008 at 4:52am

accountiing
using the financial statements of landry's restaurant located in appendix a of the text fundamentals of financial accounting 1st ed by phillips libby and libby compute teh following ratios for 2002 and 2003 a. earnings per share b. return on assets c. current ratio d. ...
Tuesday, August 26, 2008 at 10:46pm

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, August 26, 2008 at 1:18pm

accounting
Can anyone help me with this? 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 ...
Tuesday, August 26, 2008 at 1:14pm

accounting
Can anyone help me with this? Guard Dog Company recently changed its system of internal control over cash disbursements. The system includes the following features. Instead of being unnumbered and manually prepared, all checks must now be prenumbered and written by using the ...
Tuesday, August 26, 2008 at 12:26pm

accounting
Can anyone help me with this? At Idaho Company checks are not prenumbered because both the purchasing agent and the treasurer are authorized to issue checks. Each signer has access to unissued checks kept in an unlocked file cabinet. The purchasing agent pays all bills ...
Tuesday, August 26, 2008 at 12:07pm

accounting
Please computate retained earnings During 2009, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2008, Edgemont had assets of $350,000,liabilities of $80,000, and capital stock of 210,000. Edgemont paid a cash ...
Monday, August 25, 2008 at 8:30pm

accounting
How does a company could use the five basic principles of cash management to increase accuracy for a business?
Monday, August 25, 2008 at 5:10pm

accounting
How does delay payment of liabilities work? Please give an example too.
Monday, August 25, 2008 at 4:48pm

accounting
How does delay payment of liabilities?
Monday, August 25, 2008 at 12:42pm

Journalizing Accounting
How do I journalize this on my manual form? Sold DJ service on account to JJ's Dance Club, $500.00. S2. Homework
Saturday, August 23, 2008 at 7:22pm

accounting
I am trying to bill a customer for a rental property. How do I do this in the chart of accounts?
Friday, August 22, 2008 at 3:05pm

Accounting
So in accounting there are 3 responsibility centers which are: Cost Center Profit Center Investment Center Why do these 3 need separate budgets?
Wednesday, August 20, 2008 at 11:24am

accounting
Can anyone help me with this. Does an increase in the debt to total assets ratio signal good or bad news about a company? Why?
Tuesday, August 19, 2008 at 11:54pm

accounting
Can anyone help explain what information would be found in each of the following groupings on a classified balance sheet, and how that data could indicate the future success or failure of a business?: Ø Current assets Ø Long-term investments Ø Property, ...
Tuesday, August 19, 2008 at 8:35pm

accounting
The choice of accounting or a fiscal year end can affect the ability to compare two companies. Any ideas, as to why organizations choice different year-ends?
Monday, August 18, 2008 at 4:06pm

accounting
With this being 450.00 from Dec 31, 2003 to Dec, 31 2006 what would the accrual basis be and the cash basis for the balance sheet insurance asset using and the insurance expense using accrual basis and cash basis
Friday, August 15, 2008 at 5:24pm

accounting
I do know what information is found in each of these groupings on a classified balance sheet: current assets, long-term investments, property, plant,equipment and intangible assets. I need to know if anyone can tell me how that data could indicate the future success or, ...
Friday, August 15, 2008 at 3:17pm

accounting
How does informtion from financial reports influence business decisions? Why is it important for business managers to understand the information found on financial reports?
Friday, August 15, 2008 at 12:13pm

accounting
When reviewing a financial report, why should information be reliable, relevant, consistent, or comparable and why are these accounting characteristics important? What kinds of problems could be created if a financial report is not all of these
Friday, August 15, 2008 at 12:11pm

accounting
Can anyone tell me what information would be found ineach of the following groupings on a classified balance sheet, and how that data could indicate the future success or, failure of a business: Current assets Long=term investments Property, plant, and equipment Intangible assets
Thursday, August 14, 2008 at 11:49am

accounting
Can anyone tell me how a company uses comparative statements in their financial statements?
Wednesday, August 13, 2008 at 7:54pm

accounting
Between a proprietorship, a partnership and; a corporation; why would an entrepreneur want to choose one over the other?
Tuesday, August 12, 2008 at 10:59am

accounting
Activity-based costing is: A)the process of identifying all activities and relating these activities to the events, circumstances, or conditions that create or drive the need for the activities and the resources consumed. B)a method of determining the most favorable decision ...
Tuesday, August 12, 2008 at 10:19am

accounting
To reconcile total manufacturing costs with the total cost of goods manufactured during the period, A)subtract out all period costs from total manufacturing costs to arrive at cost of goods manufactured. B)add beginning and subtract ending finished goods inventory to total ...
Tuesday, August 12, 2008 at 10:17am

accounting
In accounting for an immaterial amount of overapplied overhead, which of the following is part of the adjusting entry? a. A debit to the Work in Process Inventory account b. A debit to the Overhead account A debit to the Cost of Goods Sold account c. A credit to the Overhead ...
Tuesday, August 12, 2008 at 9:52am

accounting
Activity-based costing is: A) the process of identifying all activities and relating these activities to the events, circumstances, or conditions that create or drive the need for the activities and the resources consumed. B) a method of determining the most favorable decision...
Tuesday, August 12, 2008 at 9:50am

HIPAA repsot
ok this what I have now please let me know what you think thanks so much Congress implemented the Health Insurance Portability and Accountability Act (HIPAA), which enables individuals to have more control over their own health information. This helped to establish clear lines...
Sunday, August 10, 2008 at 7:59am

Accounting
When the net price method of recording purchases is used, the debit to purchases is for:
Sunday, August 10, 2008 at 3:34am

Accounting
Given the following data, the gross profit for the fiscal year would be__. Freight-In on merchandise purchased $1,500; Merchandise Inventory, January 1 $30,000; Merchandise Inventory, December 31 $50,000; Purchases $100,000; Purchases discounts taken $2,800; Purchases returns ...
Sunday, August 10, 2008 at 3:32am

accounting
Can anyone help me with how to use and define how a company uses comparative statements?
Saturday, August 9, 2008 at 11:48am

accounting
What are the differences between a proprietorship, a partnership, and a corporation?
Friday, August 8, 2008 at 11:24pm

accounting
Between a proprietorship, a partnership and; a corporation; why would an entrepreneur want to choose one over the other?
Friday, August 8, 2008 at 11:14pm

accounting
Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +19,000 Merchandise Inventory 27,000 20,000 +7,000 PPE 60,000 78,000 -18,000 Accumulated Depreciation (29,000) (24,000) ? Liabilities and Stockholder’s Equity Accounts payable 29,000 15,000 +14,000 Income ...
Friday, August 8, 2008 at 10:13pm

accounting
WHAT ARE THE AREAS COVERED IN COMPUTERIZED AUDITING
Friday, August 8, 2008 at 10:17am

HIPAA repsot
I have to write a research paper This is what I have Thanks for you help HIPAA Privacy Standards The Congress implemented the Health Insurance Portability and Accountability Act (HIPAA), which enables individuals to have more control over their own health information. This ...
Friday, August 8, 2008 at 9:38am

Accounting
how should mixed costs be classified in CVP analysis? What approach is used to effect the appropriate classification?
Thursday, August 7, 2008 at 2:40pm

HIPPA (stuck)
Please look this over for me thanks I keep messing up I guess I am stupid well anyways thanks again HIPPA Privacy Standards With the Health Insurance Portability and Accountability Act (HIPPA), the Congress mandated implementation of several federal privacy protections that ...
Thursday, August 7, 2008 at 2:26pm

HIPPA (stuck)
If someone could please check this over for me and let me know your thouhts / ideas on this paper thanks this is what I haave to do The HIPAA Privacy Standards that went into effect in April of 2003 greatly affect both the privacy rights of patients and the duties of medical ...
Tuesday, August 5, 2008 at 9:28am

accounting
What is a balance sheet typically used for? What information on the balance sheet is the most valuable? How does it complement another financial statement?
Tuesday, August 5, 2008 at 2:19am

accounting
How does it complement another financial statement?
Tuesday, August 5, 2008 at 2:16am

accounting
can anyone tell me how accountants are included when managers of business organizations formulate long-term plans?
Monday, August 4, 2008 at 11:56pm

Accounting
Use the Internet to select a publicly traded company that you believe works with cost information. • Due Date: Day 7 [Individual] forum • Organize your thoughts in a 2,100- to 2,800-word paper. Citations of original works within the presentation must follow APA ...
Monday, August 4, 2008 at 6:20pm

accounting
Why are ethics so important in the field of accounting?
Monday, August 4, 2008 at 4:56pm

accounting
What Role does accounting play in business operations and; how depentant is a business on its accounting department and; why?
Monday, August 4, 2008 at 12:20pm

accounting
Answer the following question: Select two of the seben common problems with data collection identified on p. 353-354 of your textbook. For the two problems you select, explain in your own words why that problem exists, give a real world example of a situation in which that ...
Sunday, August 3, 2008 at 12:39am

accounting
in a process cost system product costs are accumulated by processing department rather than a job
Friday, August 1, 2008 at 10:58pm

Accounting
Determine the profit margin with the following; Income tax expense: 139,200 Sales: 1,348,000 Selling expense: 383,100 Interest expense: 5,800 General and administrative expenses: 369,990 Earnings per share: $2.97 Stockholders equity: 549,000
Friday, August 1, 2008 at 9:46pm

Accounting
Appalachian Register, Inc. (ARI) has current sales of $50 million. Sales are expected to grow to $75 Million next year. ARI currently has accounts receivable of $10 million, inventories of $15 million and net fixed assets of $20 million. These assets are expected to grow at ...
Friday, August 1, 2008 at 8:46pm

accounting
Baldwin Products Company anticipates reaching a sales level of $6 million in one year. The company expects net income during the next year to equal $400,000. Over the past several years, the company has been paying $50,000 in dividends to its stockholders. The company expects ...
Wednesday, July 30, 2008 at 8:30pm

Accounting
you have been hired into a new company to oversee the accounting department. What type of financial reposts would you expect to see in your department? How will you use the financial reports available to you to make business decisions?
Wednesday, July 30, 2008 at 4:28pm

statistic
The accounting department at Weston Materials, Inc., a national manufacturer of unattached garages, reports that it takes two construction workers a mean of 32 hours and a standard deviation of 2 hours to erect the Red barn model. Assume the assembley follow the normal ...
Monday, July 28, 2008 at 4:18pm

2 Part of accounting
2 part of Accounting Homework Mar. 5 Declared a $.40 per share cash dividend to be paid on April 6 to stockholders of record on March 20. Mar 20 Date of record Apri. 6 Paid the cash dividend June 17 Declared a 10% stock dividend to be distributed August 17 to stockholders of ...
Sunday, July 27, 2008 at 7:29pm

accounting
I need help in preparing the following: 1) record the 2008 transactions in journal form. 2) prepared the stockholders equt7y section of the company balance sheet as of December 31, 2008. Assume net income for the year is $4000, 000 The stockholders equity section of Rigby ...
Sunday, July 27, 2008 at 6:59pm

accounting
for each of the following items, give an example of a business transaction that has described effect on the accounting equation: Increase an asset and increase a liability. Increase one asset and decrease another asset. Decrease an asset and decrease owner's equity. ...
Sunday, July 27, 2008 at 10:47am

accounting
Allocatin and proration of overhead. Frankin & Son Printing designed and prointed alses brochures, catalogues, and pamplhets. The business was dissolved in early 1763. Frankklin & Son Printing used a normal costing system. It has two direct cost pools, materials and labor and ...
Sunday, July 27, 2008 at 9:54am

Accounting
R company putchased many tools during 2007 at a total cost of $8,100. Some tools were expected to last a few weeks, some for several months, and some for several years. R companys income for 2007 will be about 4.5 million. How should R company account for the tools in order to...
Thursday, July 24, 2008 at 7:37pm

Accounting
On Dec 31, 2007, before adjusting entries, the blances of selected accounts for the company were as follows: Accounts receivable 840,000 Allowance for uncollectable accounts (debit balance) 2,000 dr. The company has determined that historically about 2.0 percent of accounts ...
Thursday, July 24, 2008 at 7:07pm

Accounting
I need to prepare a cash flow statement and determine total cash inflows and total cash outflows. Rent for the month $650 Monthly take home salary $1,950 Cash in checking account $450 Savings account balance $1,890 Spending for food $345 Balance of educational loans $2,160 ...
Tuesday, July 22, 2008 at 7:14pm

accounting
Gross salary $41,780 Interest earnings $225 Dividend income $80 One person exemption $2,650 Itemized deductions $3,890 Adjustments to income $1,150 What would be reported as taxable income? Would I be correct in thinking that the only thing to be reported as taxable income ...
Tuesday, July 22, 2008 at 6:06pm

Accounting
Using the data in situation a of Exercise 11-6, prepare the employer’s September 30 journal entries to record (1) salary expense and its related payroll liabilities for this employee and (2) the employer’s payroll taxes expense and its related liabilities. The ...
Friday, July 18, 2008 at 9:45pm

Accounting
Hi, Please would it be possible to advise me on this problem? Should asset purchases be included as expenses if they are paid form personnal savings and not a business acount? I need to know if I should include them on a summary of a businesses income and expenses. Many thanks...
Friday, July 18, 2008 at 6:15pm

Cost Accounting
Based on public information for Walmart, can you discern what the cost drivers are for Walmart? If you can, what are they? If not, what cost drivers do you beleive are relevant for Walmart?
Thursday, July 17, 2008 at 6:34pm

business
7. Some argue that translation gains or losses are not important so long as they have not been realized and are only accounting entries. What is the other side of that argument?
Tuesday, July 15, 2008 at 11:11am

Accounting
How do i develop a cash flows statement? Please help!
Tuesday, July 15, 2008 at 12:30am

Accounting
Does anyone have any idea what the Acronym ADE / CLR stands for? Thanks for your help.
Monday, July 14, 2008 at 7:20pm

accounting/finance
2. Which account represents the cumulative earnings of the firm since its formation, minus dividends paid? A) Paid-in capital B) Common stock C) Retained earnings D) Accumulated depreciation
Sunday, July 13, 2008 at 7:40pm

accounting
XYZ's receivables turnover is 10x. The accounts receivable at year-end are $600,000. The average collection period is 90 days (3 months). What was the sales figure for the year? A) $60,000 B) $6,000,000 C) $24,000,000 D) none of the above
Sunday, July 13, 2008 at 6:27pm

accounting
You just started a summer intership with the successful management consulting firm of Kirk, Spock, and McCoy. You first day on the job was a busy one, as the following problems were presented to you. FastQ Company, a specialist in printing, has established 500 convenience-...
Sunday, July 13, 2008 at 2:39pm

Accounting
Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets=Liabilities +Owner's Equity (Capital-Drawing+Revenues-Expenses). After each transaction, show the new account total. Prepare Income Statement, Balance Sheet, and ...
Thursday, July 10, 2008 at 7:04pm

accounting
The following six column table for bullseye ranges includes the unadjusted balance as of december 31, 2005.
Tuesday, July 8, 2008 at 10:59am

accounting
the question to natalie is not business. it has to be either one of the following: Natalie works in Yoing Women's fashions in a department store. Within this department she specializes in knitware. This is an example of which of the following departmental schemes? customer...
Tuesday, July 1, 2008 at 4:55pm

accounting
Diamond Company produces a chair that requires 5 yds. of material per unit. The standard price of one yard of material is $7.50. During the month, 8,500 chairs were manufactured, using 43,700 yards at a cost of $7.60. Determine the (a) price variance, (b) quantity variance, ...
Sunday, June 29, 2008 at 11:08pm

accounting
Respond to the following questions (25 points): 1. Which publicly traded company will you use for the final project? 2. Based on publicly available information for your company, can you tell if the company uses an activity-based costing system? What advantages do you think an ...
Sunday, June 29, 2008 at 9:47pm

accounting
The Delicious Cake Factory owns a building for its operations. Delicious uses only half of the building and is considering two options that have been presented to them. The Candy Store would like to purchase the half of the building that is not being used for $550,000. A 7% ...
Sunday, June 29, 2008 at 7:31pm

Accounting
On January 1, 2008, Boston Enterprises issues bonds that have a 3,400,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. How much interest will Boston pay (in cash) to the bondholders every six months? ...
Friday, June 27, 2008 at 12:15pm

accounting
How many cars does Diego Motors sell each month ti break even?
Thursday, June 26, 2008 at 8:58pm

accounting
This is an accounting related question but it has more to do with a person who knows how to use quickbook. Do you know how to merge two class in Quickbook?
Thursday, June 26, 2008 at 6:57pm

Accounting
How does management use an operating budget? How do they use an activity-based budget? What are the similarities and differences between these types of budgets?
Wednesday, June 25, 2008 at 9:09pm

accounting help
Please help Tevin Trader starts a merchandising business on December 1 and enters into three inventory purchases. December 7 10 units @ $6 cost December 14 20 units @ $12 cost December 21 15 units @ $14 cost Trader sells 15 units for $25 each on December 15. Eight of the sold ...
Tuesday, June 24, 2008 at 10:54pm

Business Accounting/Operations Management
Two years have passed since the Phoenix STS program faced the loss of funding for its East Valley operations. During the two years, Phoenix STS has attempted to broaden the funding base of the entire program, but with particular emphasis on the East Valley service area. The ...
Tuesday, June 24, 2008 at 1:46am

accounting
Why does money have a time value? Also, please list five different financial applications of the time value of money.
Saturday, June 21, 2008 at 11:35pm

accounting
This is what I got so far I am lost Journal of the Portland After School Program July 1, 20XX - December 31, 20XX a) July 1, 20XX - Received unrestricted donation check in the amount of $15,000 from the Multnomah County Department of Health & Human Services. Debited Cash...
Friday, June 20, 2008 at 12:32am

Accounting
I am not even sure where to get started on this. 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 ...
Sunday, June 15, 2008 at 9:25pm

Accounting
Accounts receivable in the amount of 250,000 were assigned to the fast Finance Company by Nance INC as security for a loan of 200,000. The finance company charged a 4% commision on the face amount of the loan, and the note bears interest at 9% per year. During the first month ...
Saturday, June 14, 2008 at 10:24am

Accounting
compute the amount that a 20,000 investment today would accumulate at 10% (compound interest) by the end of 6 years.
Saturday, June 14, 2008 at 10:17am

accounting
if you paid rent, what is debited & credited?
Friday, June 13, 2008 at 4:07pm

accounting
Do you agree? Enterprise Funds should not be permitted to accumulate unrestricted net assets, since to do so would indicate overpricing of its services.”
Thursday, June 12, 2008 at 7:27pm

Math
A survey of undergraduate students in the School of Business at Northern University revealed the following regarding the gender and majors of the students: Major Gender Accounting Management Finance Total Male 100 150 50 300 Female 100 50 50 200 Total 200 200 100 500 a. What ...
Wednesday, June 11, 2008 at 9:51pm

accounting
The City of Katerah maintains its books and records in a manner that facilitates the preparation of the fund financial statements. The city has adopted the 60-day rule for all revenue recognition for which it is appropriate. Prepare all necessary journal entries to record the ...
Wednesday, June 11, 2008 at 2:49am

accounting
Your client is a nongovernmental not-for-profit museum that operates a gift shop. Explain the unrelated business income tax to your client and suggest ways to avoid this tax.
Wednesday, June 11, 2008 at 12:54am

accounting
Describe the types of pension plans most often found in governmental entities and the differences between them. Do you expect that most governmental employers sponsor a “single-employer plan” or participate in a public employee retirement system (PERS)
Wednesday, June 11, 2008 at 12:43am

Statistics
A survey of undergraduate students in the School of Business at Northern University revealed the following regarding the gender and majors of the students: Major Gender Accounting Management Finance Total Male 100 150 50 300 Female 100 50 50 200 Total 200 200 100 500 a. What ...
Wednesday, June 11, 2008 at 12:17am

accounting
The Board of Aldermen of Finchville approved the appropriations budget for its General Fund for the year ending December 31 as shown below. General government.............................................. $ 600,000 Public safety.....................................
Tuesday, June 10, 2008 at 10:51pm

accounting
During 2008, Cynthia sold a vacat lot to Joseph for $180,000. Cynthia's adjusted basis in the lot was $101,000 and she incurred selling expenses of $7,000. Joseph paid Cynthia $30,000 down payment in 2008 and agreed to pay $30,000 per year plus interest for the next five ...
Saturday, June 7, 2008 at 8:46pm

ACCOUNTING help
how to post On March 1, 2003, a company paid a $16,200 premium on a 36- month insurance policy for a coverage beginning on that date. Refer to that policy and fill in the blanks in the following table: Balance Sheet Insurance Asset Using Accrual Cash Basis Basis Dec, 31, 2003...
Friday, June 6, 2008 at 12:48pm

ACCOUNTING
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 statement would be appropriate to use.
Thursday, June 5, 2008 at 10:55am

Accounting
The Account Cycle Bob night opened "The general's favorite Fishing Hole" The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday ...
Thursday, June 5, 2008 at 8:52am

Managerial Economics
The Midnight hour a local nightclub earned $100,000 in accounting profit last year. This year the owner, who had invested $1million in the club, decided to close the club. What can you say about economic profit (and the rate of return) in the nightclub business?
Tuesday, June 3, 2008 at 11:28pm

Econ
Consider the situation faced by a for-profit educational institution, such as the University of Phoenix. It has done an analysis of its costs of teaching lower-level business courses (introductory accounting, business law, and so on) in its Indianapolis facilities, and has ...
Tuesday, June 3, 2008 at 9:11pm

accounting help
How to prepare this entries Preparing and posting journal entries; preparing a trial balance 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,...
Saturday, May 31, 2008 at 8:20pm

accounting
To post proof for the day means to A. total the columns on the journal and add and subtract totals as required. B. match the journal entries against the ledger to detect errors. C. prepare a bank reconciliation statement. D. add in any accounts receivable that came in the mail
Friday, May 30, 2008 at 9:37pm

accounting
Which of the following is not one of the steps to follow when preparing a bank reconciliation statement? A. Compare the amounts of deposits in the bank statement with the amounts shown in your accounting records. B. Compare the amounts of canceled checks with the amounts shown...
Friday, May 30, 2008 at 9:37pm

accounting
On February 3, Ron Brown was billed for an office visit. What action should the medical office professional take upon aging accounts receivable on March 1 of the same year? A. Give Mr. Brown a tactful collection call. B. Send Mr. Brown a friendly written reminder. C. Do ...
Friday, May 30, 2008 at 9:36pm

accounting
Under which circumstance would the doctor not adjust or cancel a fee for services? A. The patient died and the family has complained about the effect of the treatment. B. The patient is unemployed and homeless. C. The patient has reached the lifetime cap of his or her ...
Friday, May 30, 2008 at 9:35pm

accounting
On check D, what’s the identification number that should be recorded on the bank deposit slip? A. 5321 C. 0582 B. 200.00 D. 56–92
Friday, May 30, 2008 at 9:35pm

accounting
If a fee is being adjusted in a hardship case, when should the discount be written off in the ledger? A. Immediately B. As soon as the patient puts the agreement in writing C. After all insurance payments have been received D. After the agreed-upon amount has been paid
Friday, May 30, 2008 at 9:34pm

accounting
Over the phone, a new patient who thinks she is pregnant with her first child asks the assistant what the total fee will be for obstetric care. She seems nervous about it. Which is the best response? A. The first examination will be $40 or $50, depending on how long the visit ...
Friday, May 30, 2008 at 9:31pm

accounting
Identify whether a debit or credit yields the indicated change for each of the following accounts: a. To increase Store Equipment b. To increase Owner Withdrawals c. To decrease Cash d. To increase Utilities Expense e. To increase Fees Earned f. To decrease Unearned Revenue g...
Thursday, May 29, 2008 at 6:17pm

accounting
what is the proper sequence for end of the month work with combination journal
Sunday, May 25, 2008 at 10:31am

Accounting
I am working on a problem that wants me to make a balance sheet and income statement for the Argo Sales Company based on some information given that I have no idea how to compute. I have been able to figure out how to do a ratio correctly if I am given the figures to plug into...
Wednesday, May 21, 2008 at 5:35pm

Accounting/ balance sheet
the net accounts receivable: a) debit balances $52,000. b) credit balances $8,000. A/R net is 40,500
Wednesday, May 21, 2008 at 4:12pm

accounting
If total liabilities decreased by $25,000 during a period of time and owner's equity increased by $30,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is
Wednesday, May 21, 2008 at 12:01pm

finance
It’s been two months since you took a position as an assistant financial analyst at Caledonia Products. Although your boss has been pleased with your work, he is still a bit hesitant about unleashing you without supervision. Your next assignment involves both the ...
Monday, May 19, 2008 at 6:57pm

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