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December 18, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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accounting
Perez Company began operations in 2009. Since then, it has reported the following gains and losses for its investments in trading securities on the income statement: 2009 2010 2011 Gains (losses) from sale of trading securities $ 15,000 $(20,000) $ 14,000 Unrealized holding ...
Saturday, December 11, 2010 at 2:50am

Intermediate Accounting
Prepare all the necessary journal entries to record the following transactions: 1. Sale of a 20 year convertible bond (dated March 1, 2001) with a face value of $1,000,000, interest rate 5%. The bonds were sold 4 months later on June 30, 2001 at 98 plus accrued interest of $16...
Saturday, December 11, 2010 at 2:49am

Intermediate Accounting
Total contract price $100,000 Actual costs during 2006 20,000 Estimated remaining costs 40,000 Billed to customer during 2006 30,000 Received from customer during 2006 10,000 16. Under the completed contract method, how much should Hickam recognize as gross profit for 2006? a...
Saturday, December 11, 2010 at 2:47am

Intermediate Accounting
During 2009 Bradley Corporation issued for $110 per share, 5,000 share of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Bradley’s $25 par value common stock at the option of the preferred stockholder. On ...
Saturday, December 11, 2010 at 2:44am

Intermediate Accounting
Wolf Company issued 1,000 of its $1,000 face amount, 20-year bonds on June 30, 2010, for $1,020,000. Each bond carries five detachable stock purchase warrants, each of which entitles the holder to purchase for $60 one share of Wolf’s common stock. On June 30, 2010, the ...
Saturday, December 11, 2010 at 2:44am

Intermediate Accounting
Information relating to the capital structure of Parke Corporation is as follows: ` December 31 2008 2009 Outstanding shares of: Common stock 90,000 90,000 Preferred stock, convertible into 30,000 shares of common 30,000 30,000 10% convertible bonds, convertible into 20,000 ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
On January 4, 2002, Wynn, Inc., bought 15% of Parr Corporation’s common stock for $60,000. Wynn appropriately accounts for this investment by the cost method. The following data concerning Parr are available for the years ended December 31, 2002 and 2003: 2002 2003 Net ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
Burr Corporation began operations on January 1, 2007, and at December 31, 2007, Burr had the following investment portfolio of marketable equity securities: In current assets In noncurrent assets Aggregate cost $185,000 $275,000 Aggregate market value 150,000 225,000 Net ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
Island Builders, Inc., has consistently used the percentage-of-completion method of accounting for construction type contracts. During 2004 Island Builders started work on a $9,000,000 fixed-price construction contract that was completed in 2006, Island Builders’ ...
Saturday, December 11, 2010 at 2:41am

Intermediate Accounting
On February 24, 2006, Bart Company purchased 2,000 shares of Winn Corporation’s newly issued 6% cumulative $75 par preferred stock for $152,000. Each share carried one detachable stock warrant entitling the holder to acquire at $10, one share of Winn no-par common stock. ...
Saturday, December 11, 2010 at 2:41am

Intermediate accounting
Rosson Corporation, which began business on January 1, 2008, appropriately uses the installment sales method of accounting for income tax reporting purposes. The following data are available for 2008: Installment accounts receivable, 12/31/2008 $200,000 Installment sales for ...
Saturday, December 11, 2010 at 2:39am

cost accounting
fixed cost relating to staging a concert are 350,000. variable cost per patron are $5.00. the selling price for a tickets $25.00. The blue Saints band has sold 23,000 tickets so far. How many ticket does the Blue Saints band need to sell to achieve net income of $75,000.
Friday, December 10, 2010 at 3:53pm

cost accounting
market a new product for 2.00 a unit. fixed costs to manufacture this product are 100,000. the contribution margin is 40 percent. how many units must be sold to realize net income of 100,00 from this product?
Friday, December 10, 2010 at 3:39pm

cost accounting
it a medium-size manufacturer of bicycles. during the year a new line call "Radical" was made available to Frank customers. The break-even point for sales of Radical is 250,000 with a contrbution margin ratio of 40 percent. Assuming that the profit for the radical ...
Friday, December 10, 2010 at 3:30pm

Cost accounting
The company is planning to sell product z for $10 a unit. Variable costs are $6 a unit and fixed cost are $100,000. What must total sales be to break even?
Friday, December 10, 2010 at 3:21pm

accounting
This is the question: "Use page 3 of the journal. Jornalize and post the adjusting entries." Can you tell me how to do that?
Friday, December 10, 2010 at 12:51pm

accounting
which of the following is never considered in incremental analysis? a. incremental revenue b.sunk cost c.incremental profit d. differential costs
Thursday, December 9, 2010 at 9:39pm

accounting
Does the flexible budget term mean A series of budgets for varying rates of activity?
Tuesday, December 7, 2010 at 4:56pm

Strayer University
what would you think of a company's ethics if it changed accounting methods every year? what accounting principle would changing methods every year violate? who can be harmed when a company changes its accounting methods too often? How?
Monday, December 6, 2010 at 9:17pm

accounting
Howell Corporation purchased $350,000 of its bonds on June 30, 2010, at 102 and immediately retired them The carrying value of the bonds on the retirement date was $339,500. The bonds pay semiannual interest and the interest payment due on June 30, 2010, has been made and ...
Sunday, December 5, 2010 at 6:13pm

Accounting Specialized Journals
In store credit customer makes purchase on account for $50.00, invoice #18. What do the enteries look like using specialized journals, general ledger and subsidiary ledger sheets please?
Sunday, December 5, 2010 at 4:20pm

Accounting Specialized Journals
Store owner makes a $80.00 purchase, goods for resale, and uses check $143. Using Specialized journals, general ledger and subsidiary account, what is the correct posting please.
Sunday, December 5, 2010 at 4:16pm

Accounting Specialized Journals
what does customer pays $150.00 toward account at store. What does that look like using specialized journals, general ledger and subsidiary ledgers please
Sunday, December 5, 2010 at 4:13pm

Accounting Specialized Journals
how to use specialized journals, general ledger, and subsidiary ledger sheets to ... business owner purchased $200 product on account to be resold...what does that correctly look like, please?
Sunday, December 5, 2010 at 4:08pm

accounting
What benefits do you see for the U.S. economy in tax-sparing credits? Should it be expanded or reduced? Why or why not? The North American Free Trade Agreement (NAFTA) has tax consequences. Discuss the costs and benefits as you see them for the U.S. from NAFTA.
Sunday, December 5, 2010 at 2:00pm

accounting
Calculate the rate of depreciation for the asset with the help of given data.? Cost of the asset Rs1,20,000 Residual value Rs40,000 Expected life 5 years
Sunday, December 5, 2010 at 1:15pm

Accounting
For each of the journal entries, prepare an explanation of the business event that is being represented
Monday, November 29, 2010 at 11:38pm

Managerial Accounting
• Calculate the annual break-even point in dollar sales and in unit sales for Shop 48. • Prepare a CVP graph showing cost and revenue data for Shop 48 from zero shoes up to 17,000 pairs of shoes sold each year. Clearly indicate the break-even point on the graph. &#...
Monday, November 29, 2010 at 4:37pm

Managerial Accounting
The Fashion Shoe Company operates a chain of women’s shoe shops around the country. The shops carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a substantial commission on each pair of shoes sold (in addition to a small ...
Monday, November 29, 2010 at 4:36pm

financial accounting and reporting
january 01,2007 Mr.A started a business with cash Rs.3000,000 Bank RS.4000,000, Building Rs.3000,000,Laptop Rs.80,000, Desktop computers Rs.50,000,Fax machine Rs.100,000,Simple calculators Rs.5,000, Financial calculators Rs.10,000, Printer Rs.35,000, Scanner Rs.15000,Cars Rs.1...
Monday, November 29, 2010 at 8:21am

accounting
John's specialty store uses a perpetual inveentory system. the following are some inventory transaction for the month of may 2009. John's purchased merchandise on account for $5,000. FREIGHT CHARGE OF $300 WERE PAID IN CASH. JOHN'S RETURNED SOME OF THE MERCHANDISE ...
Sunday, November 28, 2010 at 7:03pm

math 12
From 85 Records at D.S. Collegiate, the following data was collected: 12 studied Sociology, Economics and Accounting, 27 studied sociology and accounting, 20 studied economics and accounting, 21 studied economics and sociology, 36 studied sociology, 36 studied economics and 58...
Sunday, November 28, 2010 at 10:44am

Math
I need Help in the study unit for pennfoster on The Accounting Equation please!!!!!!!!!!! THANK YOU
Friday, November 26, 2010 at 8:45am

accounting
Alik Amal is a bar in Panama City, Florida. In April 2008, rowdy spring break guests damaged a jukebox that had been purchased in 1995 for $800. The jukebox had a useful life o1 ten years, with an estimated salvage value of $75. Alik AmaI decided to scrap the jukebox after the...
Tuesday, November 23, 2010 at 11:28pm

accounting
Glenmore Corp. purchased a fax machine at the beginning of 2007. The fmx machine cost s1,000 and is expected to last live years Its salvage value is expedted to be $50. It Glenmmore uses straight-line depreciabon, what will the fax mactiines net book value be at the end of 2008?
Monday, November 22, 2010 at 7:26pm

accounting I
For the following entry, should I journalize that entry on the purchased date or on Oct. 1st? Sept 29, 2009 Purchased a one-year public liability insurance policy for $5,000. The policy becomes effective at 12:01 a.m. October 1, 2009.
Sunday, November 21, 2010 at 5:02pm

accounting I
I have to journalize the following entry for Sir-Rents-A-Lot: Sept 29, 2009 A child was slightly injured when he fell off of the front-end loader that was rented to Landscrapers Inc. The child is the only son of a lawyer and an orthopedic surgeon. They have filed a lawsuit at...
Sunday, November 21, 2010 at 4:59pm

accounting I
What would be the journal entry to record: Sept 28, 2009 A dividend was declared, which they intend to pay at $0.10 per share by the end of the year. The company has 25,000 shares of capital stock
Sunday, November 21, 2010 at 4:55pm

Tax Accounting
Jim and Kay Bridges contributed to the support of their two children, Samantha and Amanda, and Jim's widowed parent, Carl. For 2009, Samantha, a 19 year old full time college student, earned $4,500 as a baby-sitter. Amanda, a 23 year old bank teller, earned $12,000. Carl ...
Friday, November 19, 2010 at 7:35pm

Tax Accounting
deduction for AGI Toby, a calendar year tax payer, was employed and resided in NY. On February 2, 2009, Toby was permanently transferred to Florida by his new employer. Toby worked full time for the entire year. In 2009 Toby had the following unreimbursed expenses for moving. ...
Friday, November 19, 2010 at 7:33pm

Accounting II
What would be the journal entry to record ten $2,000, 6%, 10 year bonds at 96 on January 1st?
Friday, November 19, 2010 at 7:28pm

mis
Choose one of the following basic business processes: inventory management, operations and manufacturing, HR management, or accounting/financial management. Use the Internet to identify three vendors that license a product to support that process. Compare offerings from the ...
Friday, November 19, 2010 at 2:31am

Accounting
On June 1, Melendez Company borrows $90,000 from First Bank on a 6-month, $90,000, 12% note. Instructions (a) Prepare the entry on June 1. (b) Prepare the adjusting entry on June 30. (c) Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been ...
Thursday, November 18, 2010 at 1:57pm

accounting -annual amount
The exhaust-gas temperature leaving a continuously operating furnace is 260°C, and a proposal is being considered to install a heat exchanger in the exhaust-gas stream to generate low-pressure steam at 105°C. the question to be investigate is whether it is economical ...
Thursday, November 18, 2010 at 1:19pm

accounting -annual amount
The exhaust-gas temperature leaving a continuously operating furnace is 260°C, and a proposal is being considered to install a heat exchanger in the exhaust-gas stream to generate low-pressure steam at 105°C. the question to be investigate is whether it is economical ...
Thursday, November 18, 2010 at 1:13pm

accounting
The following financial data were taken from the annual financial statements of Smith corporation: 2007 2008 2009 Current assets $450,000 $400,000 $500,000 Current liabilities $390,000 $300,000 $340,000 Sales $1,450,000 $1,500,000 $1,400,000 Cost of goods sold $1,180,000 $1,...
Thursday, November 18, 2010 at 12:30pm

accounting
a partial balance sheet and income statement for King Corproation follow: KING CORPORATION Partial Balance Sheet December 31,2009 Assets Current assets: Cash $33,493 Marketable securities $215,147 Trade receivables, less allowance of $6,000 $255,000 Inventories, LIFO $523,000 ...
Thursday, November 18, 2010 at 12:29pm

Accounting
Need help with this bank reconciliation...this is actually for a job and I am forgetting everything about accounting because I am nervous. BANK RECONCILATION ========================================​====== On Aug 14th, One of our Partner's ( Compuville ) cash book ...
Wednesday, November 17, 2010 at 12:53pm

Financial and managerial accounting
1. Use the following data for questions 1 and 2.On March 12, 2005, Trio, Inc. acquired melting equipment for $37,000. The estimated life of the equipment is 7 years, with an estimated residual value of $9,000.Refer to above data. In its financial statements, Trio uses straight...
Wednesday, November 17, 2010 at 11:36am

Financial and managerial accounting
1. Use the following data for questions 1 and 2.On March 12, 2005, Trio, Inc. acquired melting equipment for $37,000. The estimated life of the equipment is 7 years, with an estimated residual value of $9,000.Refer to above data. In its financial statements, Trio uses ...
Wednesday, November 17, 2010 at 7:32am

accounting
Why is it important for an professional accoutant to understand the ethical trends discussed in this chapter? pg.25 question 14 Acc/260
Tuesday, November 16, 2010 at 11:25pm

Accounting
How do I calculate the future value of the following? $5,000 compounded annually at 12% for 2 years $5,000 compounded semiannually at 12% for 2 years $5,000 compounded quarterly at 12% for 2 years $5,000 compounded monthly at 12% for 2 years
Tuesday, November 16, 2010 at 8:00pm

Accounting
A credit saleof $800.00 is made on April 25th, terms 2/10, n/30, on which return of $50.00 is granted on April 28th. What amount is recieved as payment in full on May 4th?
Tuesday, November 16, 2010 at 7:49pm

Accounting-Journal Entry
Sales for the month were $650,000, 85% of sales were on account. Gross margin is 40% of sales.
Tuesday, November 16, 2010 at 7:04pm

managerial accounting
The following direct materials and direct labor data pertain to the operations of Solario Manufacturing Company for the month of August Costs Quantities Actual labor rate $13 per hour Actual hours incurred and used 4,200 hours Actual materials price $128 per ton Actual ...
Monday, November 15, 2010 at 11:09pm

Accounting-Journal Entry
Sales for the month were $650,000, 85% of sales were on account. Gross margin is 40% of sales.
Monday, November 15, 2010 at 7:34pm

accounting
Give arguments in favor of following statement. “FIFO method for inventory valuation may increase income tax due as well as showing true financial position of a business with respect to inventory during the period of rising prices.”
Monday, November 15, 2010 at 12:04pm

Advanced accounting
The balance sheets of Petrello Company and Sanchez Company as of January 1, 2011, are presented below. On that date, after an extended period of negotiation, the two companies agreed to merge. To effect the merger, Petrello Company is to exchange its unissued common stock for ...
Monday, November 15, 2010 at 11:29am

st elizabeth technical
1. What would you think of a company's ethics if ti changed accounting methods every year? 2. What accounting principle would changing methods every year violate? 3. Who can be harmed when a company changes its accounting methods too often? How?
Monday, November 15, 2010 at 10:01am

accounting
O'Hara Inc. made sales of $310,000 during 2008, it's first year of operations. Of this, $15,000 remained in accounts receivable at the end of the year. Additionally, the company paid and incurred $270,000 in expenses during the year. The company also prepaid $5,000 of ...
Sunday, November 14, 2010 at 9:08pm

accounting
OBX Mufflers accepted a five-month, 7.5% interest, $2,400 note from ABD Motors on June 1, 2008. The entire balance is payable at the note's maturity. What will be the total payment on October 31, 2008? Total payment= $
Sunday, November 14, 2010 at 9:00pm

Accounting
Carpaitha Inc began 2009 with $140,000 in cash. The company plans to have $1,400,000 accrual basis sales revenue during the year, of which it plans to collect 80% in 2009 and the other 20% in 2010. The company plans to record the following expenses in 2009: various operating ...
Sunday, November 14, 2010 at 7:35pm

accounting
Adnan's Flower Shop provides floral arrangements for holidays and events. Adflans sold Oxford Cdy Hall a holiday arrangement for 10,000 on account in November Due to a government shutdown in December, Oxford only paid $1,500 otthe amount due within the prescribed period. ...
Saturday, November 13, 2010 at 8:32pm

accounting
Derm Travel Agency accepted a four-month, 9% interest rate, 52.000 note from one otits customers on May 1, 2008. The entire balance is payable at the notes maturity. Prepare the May 31 adjusting journal entry related to this note. Do I debit cash and interest receivable; and ...
Saturday, November 13, 2010 at 7:43pm

Accounting
I have a problem with management accounting However, I have trouble posting the question here Is it possible that i can send it to someone for their assistance
Saturday, November 13, 2010 at 3:33pm

Managerial Accounting
M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted that the company’s earnings would grow by 20% this year. Unfortunately, ...
Thursday, November 11, 2010 at 10:07pm

Accounting
Complete exercises 2-1 and 2-2 on pp. 95-98 of Computer Accounting with Peachtree Complete® 2010 using Peachtree.
Thursday, November 11, 2010 at 7:59pm

Accounting
I have the following items listed on a balance sheet and income statement: Balance Sheet: Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Deprecation Accounts Payable Income Taxes Payable Dividends Payable Salaries Payable Interest Payable Notes ...
Thursday, November 11, 2010 at 7:21pm

Ethics in Accounting
M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted that the company’s earnings would grow by 20% this year. Unfortunately, ...
Thursday, November 11, 2010 at 11:50am

Accounting
Apply the Theory of Constraints to a working environment. Explain why organizations don’t have unlimited resources (space, inventory, product line, etc). Explain why there are always limits to what organizations can do.
Thursday, November 11, 2010 at 11:50am

accounting
herman company received proceeds of $188,500 on 10-year, 8% bonds issued on january 1, 2009. the bonds had a face value of $200,000, pay interest semi-annually on june 30 and december 31, and have a call price of 101. herman uses the straight-line method of amortization. what ...
Wednesday, November 10, 2010 at 6:46pm

accounting
Your department’s account software is extremely outdated and you have included the purchase of new software int his year’s fiscal budget. You have decided it is time to start looking into purchasing your company’s accounting software have chosen someone in your ...
Tuesday, November 9, 2010 at 2:10pm

accounting
An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $58,000. Assume further that the social security tax rate ...
Tuesday, November 9, 2010 at 1:34am

Managerial Accounting
What is your view of the business economics of the Thoroughbred Horse Industry? What are the risk? How should the industry measure success?
Monday, November 8, 2010 at 10:40am

Accounting-Journal Entry
Oct 3-->Paid salaries for the month, $25000, accrued salaries $1800. Need help writing this transaction in Journal entry. Thnx
Sunday, November 7, 2010 at 11:42pm

accounting
What is the future value of 10,000 invested in 5 years Certificate of deposit at 4%p.a, intrest compouneded semi- annially at the end of 5 years, assuming that the interest and principle are both paid at maturity
Sunday, November 7, 2010 at 8:20pm

Accounting
o Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.
Sunday, November 7, 2010 at 6:47pm

accounting
You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant. •Describe for the students the primary objectives of accounting. •Explain the basic terminology of ...
Sunday, November 7, 2010 at 1:05am

Accounting-Journal Entry
Issued 200,000 common shares for $15 per share. On the same days, they issued 1000, $4.00 cumulative preferred shares for cash at $100.00 per share. need help writing this in transaction. thnx
Saturday, November 6, 2010 at 7:36pm

math
In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Bus Acquired Cost Salvage Value Useful Life ...
Saturday, November 6, 2010 at 2:14am

business
In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Bus Acquired Cost Salvage Value Useful Life ...
Saturday, November 6, 2010 at 2:14am

accounting
An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $58,000. Assume further that the social security tax rate ...
Friday, November 5, 2010 at 8:53pm

Accounting
Bank granted a 10000$ nine months loan at 6% per year. How do we make Tat in journal entry.
Friday, November 5, 2010 at 2:59pm

accounting-journal entry
On February 28th, the company adjusted for supplies used during the month, At February 28th, supplies on hand had a cost of $695.
Thursday, November 4, 2010 at 10:17pm

college accounting
Jim’s Landscaping is in a business of maintaining and improving yards in the surrounding areas. The company bases its overhead cost budgets on the following data: Variable overhead costs: Supplies $4 per yard Machine maintenance $2 per yard Chemicals $6 per yard Fixed ...
Thursday, November 4, 2010 at 7:12pm

accounting
i. On February 27th, the company sold goods on account to CUSTOMER, $1,800. The goods had a cost of $900. Dungy uses a perpetual inventory system. ans--> A/R (debit) $1800 Sales (credit) $1800 Cost of Goods Sold (debit) $900 Merchandise Inventory (credit) $900 ii. On ...
Thursday, November 4, 2010 at 5:46pm

accounting
Jan.1 Beginning Inventory..300 units @ $3.00 Mar.5 Purchase..........… 900 units @ $4.00 Sept.3 Purchase...........… 1,000 units @ $5.00 Nov. 4 Purchase....… 500 units @ $7.00 During 2011, 1,000 units are sold at $10.00 each. Assume that the Periodic Invetory ...
Wednesday, November 3, 2010 at 7:24pm

Accounting
Attached is the actual Financial Statements, Cash Flow, and Taxes associated with the assignment questions below. 2007 & 2008 statements below. We are working on a comprehensive/spreadsheet problem (financial statements, cash flow and taxes). A balance sheet for a company ...
Wednesday, November 3, 2010 at 11:44am

accounting
Explain how shaving 5% off the estimated direct labor hours in the base for the predetermined overhead rate usually results in a bog boost in net operating income at the end of the fiscal year.
Wednesday, November 3, 2010 at 6:34am

math
Information related to Hermesch Company for 2011 is summarized below. Total credit sales $2,200,000 Accounts receivable at December 31 825,000 Bad debts written off 33,000 What amount of bad debts expense will Hermesch Company report if it uses the direct writeoff method of ...
Monday, November 1, 2010 at 10:38pm

ACCOUNTING
A company purchased 1000 units of inventory on September 25 and the cost per unit was $8.50. Terms of the purchase were 2/10, n/30. The invoice was paid in full on October 4. (Assume a perpetual inventory system). Prepare the journal entries to fully reflect these merchandise...
Monday, November 1, 2010 at 4:26pm

accounting
A company that uses perpetual inventory system made the following cash purchases and sales: January 1 Purchased 100 units at $10 per unit. February 5: Purchased 60 units at $12 per unit. March 16: Sold 40 units for $16 per unit. Prepare general journal entries to reord the ...
Monday, November 1, 2010 at 4:23pm

Accounting
Can someone please help me with this question and break it down into dummy terms I am struggling in this course. Even if you have solid financials, can you obtain more market share?
Monday, November 1, 2010 at 2:00am

Finance
explain the relationship between finance and accounting, and how they operate to determine financial viability within a health care organization
Sunday, October 31, 2010 at 8:10pm

accounting
A company that uses perpetual inventory system made the following cash purchases and sales: January 1 Purchased 100 units at $10 per unit. February 5: Purchased 60 units at $12 per unit. March 16: Sold 40 units for $16 per unit. Prepare general journal entries to reord the ...
Sunday, October 31, 2010 at 2:46pm

accounting
A company purchased 1000 units of inventory on September 25 and the cost per unit was $8.50. Terms of the purchase were 2/10, n/30. The invoice was paid in full on October 4. (Assume a perpetual inventory system). Prepare the journal entries to fully reflect these merchandise ...
Sunday, October 31, 2010 at 2:41pm

accounting
From the following transactions, state which account will be debited and which account will be credited by filling up the appropriate boxes. S.No. Transactions Accounts involved Application Reason with respect to Rules of Debit and Credit Sample Example Mr. X started business ...
Sunday, October 31, 2010 at 3:30am

economics
Teddy Bear, Inc., a rapidly growing manufacturer of high fashion children's shoes, plans to open a new production facility in Gastonia. Based on information provided by the accounting department, the company estimates fixed costs of $250,000 per year. Its average variable ...
Saturday, October 30, 2010 at 3:15pm

Accounting
The rent payment made on June 17 was for June, July, August and September. Expense the amount associated with one month's rent.
Saturday, October 30, 2010 at 12:52pm

accounting
ehat type of financial reports would you expect to see in your department if you are a new accountant
Friday, October 29, 2010 at 8:16pm

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