Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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

accounting 2
Stower's Research issues bonds dated Jan.1,2005 that pay interest semiannually on June 30and Dec.31. The bonds have a $20,000 par value, an annual contract rate of 10% and mature in 10 years. For each of the following, determine the bonds price on Jan. 1, 2005 and prepare ...
Saturday, May 17, 2008 at 10:27am

Accounting
pierce co has a june 30 fiscal year end. it estimated its annual property taxes to be 24000 based on last year's property tax bill and have accrued 2000 of property tax each month to marcher 31. its actual property tax assessment, received on april 30 is 25200 for the ...
Wednesday, May 14, 2008 at 2:59pm

Accounting
(Dollar-Value LIFO) Presented below is information related to Dino Radja Company. Ending Inventory Price Date (End-of-Year Prices) Index December 31, 2004 $ 80,000 100 December 31, 2005 115,500 105 December 31, 2006 108,000 120 December 31, 2007 122,200 130 December 31, 2008 ...
Monday, May 12, 2008 at 11:41pm

ACCOUNTING
Calculate cost for a manufacturer, no inventories The following data pertains to the Anderson table mfg company for Jan. 2003 the company made 1000 tables durning Jan, and there are no beginning or ending inventories. wood used in production 25000 $25,000 cleaning supplies $ ...
Monday, May 12, 2008 at 7:55pm

accounting
i AM HAVING TROUBLE WITH THESE TWO QUESTIONS 2-17 Calculate cost for a manufacturer, no inventories The following data pertains to the Anderson table mfg company for Jan. 2003 the company made 1000 tables durning Jan, and there are no beginning or ending inventories. wood used...
Monday, May 12, 2008 at 7:00pm

Accounting Question
Below are two questions from my accounting class. I am not sure how to approach this kind of problem. Any help or suggestions would be greatly appreciated. Thanks in advance! ------------------------------ The following trial balance of Trane Corp. at December 31, 2001 has ...
Sunday, May 11, 2008 at 2:37am

Cost Accounting
Estimating a cost function, high-low method? Reisen Travel offers helicopter service from suburban towns to john F. Kennedy Airport. Each of it's 10 helicopters makes between 1,000 and 2,000 round trips per year. The records indicate that a helicopter that has made 1,000 ...
Saturday, May 10, 2008 at 3:20pm

accounting
Here is another one: BDH Corporation, which makes only one product, Kisty, has the following information available for the coming year. BDH expects sales to be 30,000 units at $50 per unit. The current inventory of Kisty is 3,000 units. BDH wants an ending inventory of 3,500 ...
Friday, May 9, 2008 at 11:01pm

accounting
BDH Corporation, which makes only one product, Kisty, has the following information available for the coming year. BDH expects sales to be 30,000 units at $50 per unit. The current inventory of Kisty is 3,000 units. BDH wants an ending inventory of 3,500 units. Each unit of ...
Friday, May 9, 2008 at 11:00pm

Economics
Assume the demand for beef is given by Qd = 22 + 0.1 Y – 10Pb + 5 Pc And the supply of beef is given by: Qs = -400 + 500Pb – 200 Pf where Qd denotes quantity of beef demanded, Qs denotes quantity supplied, Pb denotes price, of beef, Y denotes per capita income, Pc ...
Wednesday, May 7, 2008 at 11:13am

math
Four accounting majors, two economics majors, and three marketing majors have interviewed for five different positions with a large company. Find the number of different ways that five of these could be hired. One accounting major, one economics major, and one marketing major ...
Sunday, May 4, 2008 at 9:57pm

Urgent Help In Accounting
January 1, 2008 Timber Company incorporated in the State of Pennsylvania. Initially it issued stock to three stockholders, Bob, Jim, and Frank. Each paid $50,000 (50,000 shares-- $.25 par value per share) for the stock. The Company¡¯s Articles of Incorporation ...
Sunday, May 4, 2008 at 11:24am

Statistics
In reagards to correlation and regression how can that be applied to accounting. I am trying to find some websites where i could apply one of the above to accounting.
Wednesday, April 30, 2008 at 8:40pm

accounting
Problem: For the following four cases, use the accounting equation to compute the missing quantity. Note: I was given four cases but apparently I am missing something. For example the first case states: $20,000 assets, $8,000 liabilities, and $3,500 in Retained Earnings. Find ...
Monday, April 28, 2008 at 7:40pm

Accounting II
Does anyone know how to calculate cost of savings when calculating the net present value? The NPV was given and I have to backed into the other figures. The only thing about cost savings provided is "25% reduction in direct material. The DM cost listed is $10. I tried ...
Monday, April 28, 2008 at 12:12am

accounting
do anyone have answers for exam 06160500 for penn foster
Sunday, April 27, 2008 at 10:22pm

accounting
cost of rental equipment is $486,902, accum. amortization is $418,713, net book value for 2006 is $68,169 and 2005 is $74,018. Amortization of rental equipment for the year amounted to $22,205 (2005 - $14,379). i need to calculate the cost for year 2007, the accum. amort. for ...
Friday, April 25, 2008 at 9:42pm

accounting
Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairlifts. Suppose that one lift costs $2 million, and preparing the slope and installing the lift costs another $1.3 million. The lift will allow 300 additional skiers on ...
Thursday, April 24, 2008 at 12:43am

accounting
lightning industries, located in northern New England, specializes in making Flash, a low alkaline wax that is used to protect and preserve skis. the company began producing at the beginning of the production process. during january, 15300 pounds were used at a cost of 46665. ...
Tuesday, April 22, 2008 at 6:52pm

accounting
why is applied overhead rather than actual overhead used in determining the cost of the job? and what would be the problems associated with this approach of using applied overhead
Monday, April 21, 2008 at 3:37pm

Accounting- Help Please
Accounting Help-Preparing and posting journal entries; and preparing a trial balance.? Shelton Engineering completed the following transaction in the month of June. Received a bill for rent of equipment that was used on a recently completed job. The 1,200 rent must be paid ...
Wednesday, April 16, 2008 at 11:23am

accounting
Hannah Knox, an architect, opened an office on July 1, 2008. During the month, she completed the following transactions connected with her professional practice: (a) Transferred cash from a personal bank account to an account to be used for business $25,000 (b) Paid July rent ...
Wednesday, April 16, 2008 at 9:09am

Accounting
Olympic Theatre Inc. owns and operates movie theaters throughout Texas and California.Olympic Theatre has? declared the following annual dividends over a six-year period: 2003, $21,000; 2004, $50,000; 2005, $15,000; 2006, $80,000; 2007, $90,000; and 2008, $140,000. During the ...
Tuesday, April 15, 2008 at 7:40pm

accounting
Do you think pricing laws place U.S. companies at a disadvantage?
Tuesday, April 15, 2008 at 2:52pm

accounting
a) Use the following data to compute averafe revenues per store, capital spending per new store, and ending inventory per store. b) Assume 200 additional stores will be added by the end of year +1 and assume that each new store will be pen for business for an average of one ...
Monday, April 14, 2008 at 4:19pm

Accounting
After aging the accounts receivable, it si estimated that $800 will not be collected and the allowance account has a debit balance before adjustment of $100. The adjusting entry for estimating uncollectible account expense should be in the amount of_______?
Thursday, April 10, 2008 at 2:40pm

accounting
After aging the accounts receivable, it is estimated that $800 will not be collected and the allowance account has a credit balance before adjustment of $200. The adjusting entry for estimating uncollectible account expense should be in the amount of_____?
Thursday, April 10, 2008 at 2:37pm

Accounting - Please check me
Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Office Supplies- debit Repair Service Revenue- debit Interest Payable- debit Accounts Receivable- creditSalaries Expense- debit Owner Capital- credit Prepaid Insurance- debit ...
Tuesday, April 8, 2008 at 9:59am

accounting
The following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry. Wages Expense 2,555 Wages Payable 2,555 ???????????????? Record the payment of wages Record wages to be paid this month Record wages paid in advance Record ...
Monday, April 7, 2008 at 10:58pm

accounting
Joe Brown invests $10,000 into his new business. How would the journal entry for this transaction be entered in the journal? Cash 10,000 Brown, Capital 10,000 Invested cash in business Cash 10,000 Brown, Capital 10,000 Invested cash in business Brown, Capital 10,000 Cash 10,...
Monday, April 7, 2008 at 10:57pm

accounting
If total assets decreased by $47,000 during a period of time and owner's equity increased by $24,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is ________. $23,000 increase $47,000 decrease...
Monday, April 7, 2008 at 10:56pm

accounting
I have a project due on the Colo Company can anyone help figure out the worksheet
Monday, April 7, 2008 at 9:43pm

Accounting
Please double check me. Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Office Supplies- debit Repair Service Revenue- debit Interest Payable- debit Accounts Receivable- creditSalaries Expense- debit Owner Capital- credit ...
Monday, April 7, 2008 at 9:05pm

accounting
differentiate between various costing systems
Monday, April 7, 2008 at 11:28am

Managerial Accounting
Help me on the author Garrison in managerial accounting chapter 9 case 23 on the budgets
Sunday, April 6, 2008 at 10:32pm

Accounting
Sherman's interiors sells lamps. At March 31, the company had 400 sofas in inventory. The company's policy is to maintain a lamp inventory equal to 2% of next month's sales. The company expects the following sales activity for the second quarter of the year: April...
Sunday, April 6, 2008 at 3:40pm

accounting
1. From the figures given below, calculate Economic Order Quantity and a number of orders to be placed per year. Total consumption of material per year 10,000 kg Buying cost per order Rs.50 Unit cost of material Rs.2 per Kg Carrying and storage cost 8% on average inventory
Sunday, April 6, 2008 at 7:44am

medical info mangement
please check my answer thanks True or False If John Dale is responsible for accounting services for Weston Hospital he's the hospital's chief fisnical officer. I picked True
Friday, April 4, 2008 at 9:18pm

accounting
Please help Identify at least three external users of accounting information and indicate two questions they might seek to answer through thier accounting information
Friday, April 4, 2008 at 6:12pm

accounting
How do I figure out the portion of the company’s total assets that are being financed with debt?
Friday, April 4, 2008 at 4:59pm

Accounting
Discuss similarities and differences in the roles economists play as policy advisors and as scientists. How would advice offered to policy makers differ depending on which role an economist assumes?
Thursday, April 3, 2008 at 2:00pm

Accounting Multiple choice
ACON lTD ACQUIRES THE ASSETS AND ASSUMES THE LIABILITIES OF BIRD LTD WHICH HAVE OPEN MARKET VALUES OF A Assets $120,000 Liabilities $15,000 Acorn is to issue a debenture of $50,000 and 10,000 $1 Ordinary shares for the balance of consideration. What will be the credit to the ...
Thursday, April 3, 2008 at 1:55am

Math
4 accounting majors, 2 economics majors, and 3 marketing majors have interviewed for 5 different positions with a large company. Find the number of different ways that 5 of these could be hired. The 4 accounting majors muust be hired first, and then the final position would be...
Wednesday, April 2, 2008 at 3:25pm

Accounting
Max Stevenson owns a local drug store. During the past few years, the economy has been experiencing a period of high inflation. Stevenson has had the policy of withdrawing cash from his business equal to 80% of the company's reported net income. As the business has grown, ...
Wednesday, April 2, 2008 at 12:32pm

Accounting
What are cookie jar reserves? How are they used?
Wednesday, April 2, 2008 at 9:39am

Financial Accounting
If you purchase property and contract a company to construct a building. How would you enter the transaction? I know you would credit accounts payable to the company, but what do you debit?
Tuesday, April 1, 2008 at 3:45pm

accounting
is tax benefit a liability?
Tuesday, April 1, 2008 at 2:26am

accounting
Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health agency, is concerned about the dilemma of coping with reduced budgets next year and into the foreseeable future, but increasing demand for services. In order to plan for reduced budgets, ...
Monday, March 31, 2008 at 6:43pm

Accounting
A company has two major businesses that it operates. One business manufactures and sells unicycles for commercial use in circuses, etc. (total sales of $150M), and the other sells bicycles to the public (total sales of $20M). The unicycle business occupies 75,000 square feet ...
Monday, March 31, 2008 at 6:39pm

accounting
Part D - August Variance Analysis During September of the current year, the controller was asked to perform variance analyses for August. The January operating data provided the standard prices, rates, times, and quantities per case. There were 1,200 cases produced during ...
Sunday, March 30, 2008 at 4:46pm

ACCOUNTING
Part D - August Variance Analysis During September of the current year, the controller was asked to perform variance analyses for August. The January operating data provided the standard prices, rates, times, and quantities per case. There were 1,200 cases produced during ...
Sunday, March 30, 2008 at 3:12pm

accounting
Part D Note: This section is a continuation from Parts A, B, and C of the comprehensive problem. Be sure you have completed Parts A, B, and C before attempting Part D. You may have to refer back to data presented in Parts A, B, and C as well as use answers from those parts ...
Sunday, March 30, 2008 at 3:08pm

accounting
Sherrod, Inc., reported pretax accounting income of $89 million for 2006. The following information relates to differences between pretax accounting income and taxable income: Income from installment sales of properties included in pretax accounting income in 2006 exceeded ...
Friday, March 28, 2008 at 1:56pm

Math - please double check me
There are 42 accounting classes with 31 students in each class. Estimate the total number of students in the accounting classes. a. 1200 b. 900 c. 1600 d. 1500 answer: c One kilometer is equal to 1000 meters. What fractional part of a kilometer is 500 meters? Simply your ...
Friday, March 28, 2008 at 12:13pm

Accounting
Stockholders’ equity represents the claim of the owners on the assets of the business. What is the distinction relative to the owners’ claim between the Capital Stock account and the Retained Earnings account?
Monday, March 24, 2008 at 1:41pm

Accounting
What is meant by the statement “One company’s account receivable is another company’s account payable?
Monday, March 24, 2008 at 1:40pm

Govt. accounting
The following information relates to Dell City, whose first fiscal year ended December 31, 2006. Assume Dell has only the long-term debt specified in the information and only the funds necessitated by the information. 1. General fund: • The following selected information ...
Saturday, March 22, 2008 at 8:01pm

Accounting
What is minority interest? In what ways is it like debt and in what ways is it like equity?
Friday, March 21, 2008 at 4:59pm

Accounting
What is the overall goal of consolidated financial statements? Why are 100% of the assets and liabilities of an investee included in the parent's financial statements, when only 51% of them may be actually owned?
Friday, March 21, 2008 at 4:54pm

Intermediate Accounting
Accounting Homework Question: Pension Amendment Case Charles Rubin is a 30-year old employee of General Motors. Charles was pleased with recent negotiations between his employer and the United Auto Workers. Among other favorable provisions of the new agreement, the pact also ...
Wednesday, March 19, 2008 at 2:47pm

more accounting
I am so lost in this the book does not make sence, I think i did them right what do you think? QS 2-4 Analyzing debit or credit by account Identify whether a debit or credit yields the indicated change for each of the following accounts: a. To increase Store Equipment debit b...
Wednesday, March 19, 2008 at 2:15pm

accounting
Linking debit or credit with normal balance C5 Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies debit b. Repair Services Revenue debit c. Interest Payable credit d. Accounts Receivable debit e. Salaries ...
Wednesday, March 19, 2008 at 1:29pm

Financial Accounting
The machinery costs 182,000 with a six year salvage value of 14,000. On December 31, at the end of its fifth year in operations, it is disposed of What would be the journal entry at the year of its disposal?
Tuesday, March 18, 2008 at 6:33pm

cost accounting
Define variable, semi variable, fixed and semi fixed which is traditionally used in cost accounting. Define the above terms and subsequently describe the terms based on the business structure that is a car manufacturer introducing a new engine.
Sunday, March 16, 2008 at 1:58pm

managerial economics
a material handling company pays each of its sale persons a base salary plus a percentage of revenue generated. To reduce overhead EFI has switched from giving each salesperson a company car to reimbursing them .35 for each business related mile driven. Accounting records show...
Tuesday, March 11, 2008 at 8:38pm

home economics
a material handling company pays each of its sale persons a base salary plus a percentage of revenue generated. To reduce overhead EFI has switched from giving each salesperson a company car to reimbursing them .35 for each business related mile driven. Accounting records show...
Tuesday, March 11, 2008 at 8:02pm

Accounting
How do you find the ratio of time devoted to the business?
Tuesday, March 11, 2008 at 3:07pm

Accounting
Each of the following items was found on the financial stateme Company for the year ended December 31, 2007: Net income from continuing operations $136,500 Gain on the sale of a discontinued segment, net of taxes of $42,000 140,000 Loss from operation of discontinued segment, ...
Sunday, March 9, 2008 at 9:09pm

accounting
how can liquidity be improved
Sunday, March 9, 2008 at 3:04am

accounting
Lester’s Home Healthcare Services (LHHS) was organized on January 1, 2005, by four friends. Each organizer invested $10,000 in the company and, in turn, was issued 8,000 shares of stock. To date, they are the only stockholders. During the first month (January 2005), the ...
Saturday, March 8, 2008 at 5:45pm

business law
Some argue that translation gains orlosses are not important so long as they have not been realized and are only accounting entries. What is the other side of the argument?
Thursday, March 6, 2008 at 5:05pm

Accounting
Assume that October's credit sales were $35,000. In the space below record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. The Allowance for Doubtful Acccounts before adjustment has a credit balance of...
Wednesday, March 5, 2008 at 9:49pm

Business Law - MBA
Major formed the Dix Corporation for the purpose of operating a business to repair, install, and sell appliances. Major is the president of the board of directors of Dix. •Pine, one of Dix’s largest creditors, has asserted that Major is personally liable for all of ...
Tuesday, March 4, 2008 at 5:01pm

accounting
Target Corporation is currently seeking additional capital to expand its operations. Two companies have shown interest in providing additional capital. Company #1 is interested in investing in the organization and, therefore, would like to have part ownership through the sale ...
Tuesday, March 4, 2008 at 3:32pm

finance and accounting
Account Word Problems like this I seem not to get the concept , please give me an exam as how to figure out this problem. 1. The liabilities of Acosta Corporation equal one-third of the total assets. And stockholders equity is $160,000. What is the amount of the liabilities. ...
Tuesday, March 4, 2008 at 8:08am

accounting
a company purchases a used machine for $178,000 cash on January 2nd and readies it for use the next day at $2,840 cost. On January 3rd, it is installed on a required operating platform costing $1,160, and is further readied for operations. The company predicts the machine will...
Monday, March 3, 2008 at 6:42pm

Accounting
When a corporation issues common stock what is the impact on the financial statements (assets, liabilities, stockholders' equity, and net income) and on the following financial ratios: Current ratio, ROA, and ROE?
Monday, March 3, 2008 at 4:19pm

Accounting
If you are thinking about buying common stock in a company and the company has preferred stock outstanding, what do you want to know about that preferred stock? And where will you find that information?
Monday, March 3, 2008 at 4:17pm

Accounting
What does the Market Value of a company's stock represent? What does the Book Value of a company stock represent? How is this accounting measurement used? Why is the Market Value of a stock usually greater than the Book Value of a stock?
Sunday, March 2, 2008 at 11:58pm

accounting
What are "poison pills?" Do they increase or decrease the price of a company's stock? Are poison pills good for the economy?
Sunday, March 2, 2008 at 11:58pm

accounting
At December 31, 2004, Enfron Corporation reported the following data (condensed in millions): Stockholders' equity 11470 Total current liabilities 28406 Long-term liabilities 25627 Investments and other assets 23379 Property, plant, equipment, net 11743 Total current ...
Sunday, March 2, 2008 at 11:53pm

accounting
I need help calculating Earnings Per Share and Diluted Earnings Per share with options
Friday, February 29, 2008 at 7:09pm

accounting
i need help with A1 photography practice sets
Friday, February 29, 2008 at 5:23pm

Manangerial Accounting
A company had a loss of $3 per unit when sales were 40,000 units. When sales were 50,0000 units, the company had a loss of $1.60 per unit. determine contribution margin determine fixed costs determine the break even point in units
Thursday, February 28, 2008 at 12:40am

Accounting
I thought a post closing trial balance is when you list all your accounts and their credit/debit amount and then debits should match credits. When I do this they do not match. Is there something Im doing wrong? Cash in bank 4000 Accts Reciev 500 Accts Payable 4000 Joy Capital ...
Wednesday, February 27, 2008 at 8:52pm

accounting
How does budgeting affect the accrual basis accounting?
Tuesday, February 26, 2008 at 9:19pm

accounting
how do you find retained earnings when. retained earnings, 245,200 net decrease in total assets, 37,400 net increase in A.R. 8,600 dividends declared and paid 33,600 proceeds from issuance of bonds 88,400 net loss for the year ended 23,00
Sunday, February 24, 2008 at 10:10pm

accounting
how do you find average price at which the shares were issued? common stock without par value, 4000000 shares authorized, 800000 shares issued, and 720000 shares outstanding
Sunday, February 24, 2008 at 9:44pm

accounting
M is designing and building a special computer for D. The price for the new computer is equal to M's costs of building it plus a flat fee of $50,000. M's expense accounts: Emloyment Costs: Wages & salaries, including vacation pay and sick leave Social security taxes ...
Sunday, February 24, 2008 at 9:23pm

Accounting 11
What all goes on cash flow statement using an indirect method? How would it show on the sheet?
Sunday, February 24, 2008 at 9:20pm

Accounting 11
I need help completing a statement of cash flow using the indirect method.
Sunday, February 24, 2008 at 9:13pm

Financial Accounting
i. contributes $1,000 cash in exchange for 10 common shares to start of a business what would be the journal entry for this Thank you
Sunday, February 24, 2008 at 5:49pm

accounting
Paul incorporated Antler Paul contributes $1,000,000 cash in exchange for 100,000 common shares in Antler
Sunday, February 24, 2008 at 5:26pm

MBA Financial Accounting
How do you figure the total expense of two loans to show for year ending Dec. 31, 2006? The annual payment date is Sept. 30 with first payment due 2007.
Saturday, February 23, 2008 at 11:20pm

managerial economics
The MidNight Hour, LOCl nightclub, earned $100,000 in accounting profit last year. this year the owner, who had invested $1 million in the club, decided to close the club. What can you say about economic profit (and the rate of return) in the nightclub business?
Saturday, February 23, 2008 at 11:08pm

accounting
how do i find the net income
Saturday, February 23, 2008 at 8:15pm

Accounting
What is the primary difference between a performance budget and a program budget?
Saturday, February 23, 2008 at 12:43am

Financial Accounting
The purchase of office equipment on credit has what effect on the accounting equation?
Friday, February 22, 2008 at 1:40pm

accounting
Post-closing trial balance What am I supposed to do when the balance is not equal? As in credits do not match debits. I follow the instructions in the book but no matter what it just does not match, even if i do all the debits on one side and all the credits its 11,000 and 12,...
Wednesday, February 20, 2008 at 10:07pm

Internationial Business
1.Why is an exporter that is to be paid in six months in a foreign currency worried about fluctuating foreign exchange rates? 2.Are there ways in which this exporter can protect itself? If so, what are they? 3.How does the credit or money market hedge work? 4.Why is ...
Wednesday, February 20, 2008 at 9:09pm

accounting
Payment Lag- The lag between purchase date and the date at which pay is due is known as term lag. The lag between the due date and the date on which the buyer actually pays is termed due lag,and lag between the purchase and actually payment dates is the pay lag. Pay lag = term...
Wednesday, February 20, 2008 at 5:39pm

accounting
Working capital Management Indicate how each of the following six different transactions Dynamic mattress might make would would affect I) cash and II)Networking capital A) Paying out a $2 million cash dividend B) A customer paying a $ 2500 bill resulting from a previous sale...
Wednesday, February 20, 2008 at 5:21pm

accounting 102
Equipment is purchased for $80,000. It has an 8 year useful life and a $39000 residual value. Under the double-declining-balance method, what is the depreciation for year 3? a. 6,000 b. 48,000 c. 11,250 d. 8436 I answered C. The teacher said it's a. 6,000. I have no idea ...
Wednesday, February 20, 2008 at 8:51am

Accounting
═════λ2;═════ 552;══════════ Memo: Whomever Date: A few minutes ago … From: Marie, Advanced Federal Taxation P.C. Re: 2007 ...
Sunday, February 17, 2008 at 10:01am

accounting
CORPORATE TAX ¨T¨T¨T¨T¨T¨T¨;T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T Memo: Whomever Date: A few minutes ago ¡ From: Maire, Advanced Federal Taxation P.C. Re: 2007 Tax ...
Saturday, February 16, 2008 at 4:47pm

Accounting 102
Turner and Isham agreed to form a partnership. Turner contributed $ 200,000 in cash, and Isham contributed assets with a fair market value of $ 400,000. The partnership, in its initial year, reported net income of $ 120,000. Assume that the partnership agreement states that ...
Friday, February 15, 2008 at 4:36pm

accounting
Multiple choice 1. The type of product costing system used by a company is dictated by the : a) plant supervisor b) project manager c) company president d) production process 2. Activity based costing traces production costs to a) activities within the company b) departments ...
Friday, February 15, 2008 at 1:37pm

accounting
True/Falses 1. Period costs are not considered when costing products for inventory. 2. All direct labor costs during a period of time should be considered product costs and should be temporarily accumulated in the work in process inventory account. 3. Manufacturing overhead is...
Friday, February 15, 2008 at 1:29pm

accounting
identify three external users of accounting information and indicate two questions they might seek to answer through accounting information.
Friday, February 15, 2008 at 11:29am

Accounting
What is the amount for drawings and ending capital for the following? Information related to the proprietorship of Laura Mills, lawyer, for the year ended January 31, 2003, is presented below: Legal Fees Earned - $360 000 Total Expenses - $205 000 Assets, Feb. 1 2002 - $85 000...
Wednesday, February 13, 2008 at 10:34pm

Accounting
A deposit of $1,250 that was incorrectly in the checkbook as 1,200 should be a. added to the checkbook b. deducted from the cheeckbook c. added to the bank statement balance d. deducted from the bank statement balance ok so I know for sure its not c or d as the bank has the ...
Wednesday, February 13, 2008 at 9:36pm

accounting
which of the following entries will properly close the Revenue account?
Wednesday, February 13, 2008 at 9:35pm

accounting
Evaluate the following project using an IRR criterion, based on an opportunity cost of 10%: CF0 = -6,000, CF1 = +3,300, CF2 = +3,300. A) Accept, since IRR exceeds opportunity cost. B) Reject, since opportunity cost exceeds IRR. C) Accept, since opportunity cost exceeds IRR. D...
Tuesday, February 12, 2008 at 12:08am

business accounting
The Minnetonka Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research, a cross-...
Monday, February 11, 2008 at 7:33pm

financial accounting
the long-term note payable bears an interest of 12% per year. the unadjusted interest expense account equals the amount paid for the first 11 months of the 2008 fiscal year.(3,300). The 300 accrued interest for april has not yet been paid or recorded.Note: that the company is ...
Saturday, February 9, 2008 at 6:45pm

Accounting
Burrand Company estimates that annual manufacturing overhead costs will be $600,000. Estimated annual operating activity bases are: direct labor cost $500,000, direct labor hours 50,000, and machine hours 100,000. Compute the predetermined overhead rate for each activity base...
Thursday, February 7, 2008 at 12:25am

managerial econ
Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets. Could price elasticity be somewhat overestimated from these figures? That is, could other things have changed, accounting for some ...
Wednesday, February 6, 2008 at 7:52pm

accounting
Doug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship. The $1,000 consisted of a $600 loan from his father and $400 of his own money. Doug rented lawn equipment, ...
Wednesday, February 6, 2008 at 10:15am

accounting
Was Maltbee's summer work successful? Give the reason for your answer. What are the steps in the accounting cycle?
Wednesday, February 6, 2008 at 10:13am

Accounting
Is a straigh-line amortization basis for trademarks required under U.S GAAP ? or is another method required ?
Tuesday, February 5, 2008 at 9:26pm

accounting/finance
What does a constant debt-equity ratio mean?
Monday, February 4, 2008 at 9:06pm

accounting
hey guyz, i've got this true/false question about trademark's amortization under U.S GAAP : Begining with 2002, U.S financial statements, U.S GAAP was changed to require amortization of trademarks on the straight-line basis. Did this happen ? if yes, then is the year ...
Monday, February 4, 2008 at 6:08pm

accounting
I am having a difficult time figuring out the formula to compute net present value off of cash flows.
Sunday, February 3, 2008 at 2:54pm

accounting
hey there, i was wondering if anyone could help me with the following questions. I would really appreciate your help . Multiple choice: A company obtained a patent for a drug it developed. The amount capitalized in asocciation with the drug patent will include: a. Only the ...
Saturday, February 2, 2008 at 7:53pm

accounting
I am taking beginning Accounting. I have learning disabilities, so it is very difficult sometimes for me to keep up with the information in class. Once I understand it then I am fine. Can someone please help me understand how to balance this out? Thank you Accounting Equation ...
Saturday, February 2, 2008 at 2:27pm

accounting
Andy Wright, D.D.S., opened a dental practice on January 1, 2008. During the first month of operations the following transactions occurred. Performed services for patients who had dental plan insurance. At January 31, $875 of such services was earned but not yet recorded. ...
Wednesday, January 30, 2008 at 7:12pm

accounting
Does anyone know of a good site that explains how the enter the correct amounts to the unadjusted trial balance worksheet? I thought I understood this but my amounts are wrong. Thanks
Tuesday, January 29, 2008 at 8:18am

Accounting
For each fiscal year 2003, 2002, and 2001, is the amount of cash provided by operating activities more or less than the cash paid for dividends?
Sunday, January 27, 2008 at 5:15pm

accounting
ER Medical Supplies had sales of 2,000 units at $160 per unit last year. The marketing manager projects a 25 percent increase in univolume this year with a 10 percent price increase. Returned merchandise will represent 5 percent of total sales. What is your net dollar sales ...
Tuesday, January 22, 2008 at 7:14pm

Accounting
I just wanted to get some clarification on analyzing a balance sheet. a)Accounts payable and accrued liabilities at the beginning of 2004 Values: As at (April 23, 2004) - 7,466 or As at (April 25, 2003) - 12,461 Which value is considered the beginning of 2004?
Sunday, January 20, 2008 at 12:41pm

accounting
Can someone please check my answer to this question: In recent years, a company has greatly increased its current ratio. At the same time, the quick ratio has fallen. What has happened? Has the liquidity of the company improved? My answer: The decrease in the quick ratio shows...
Saturday, January 19, 2008 at 8:01pm

accounting
what accounts would be impacted by a $30,000 cash payment to a $125,000 loan (assuming there is no interest on the loan)?
Wednesday, January 16, 2008 at 9:27am

accounting
I am having trouble finding the following: What items appear on the merchandising company statements that don’t appear on the service company statements? Why is there a difference? Please help.
Tuesday, January 15, 2008 at 9:36pm

Accounting
What should be the general entries for a revenue which was earned in 2007 but not received till January 2008. Please tell me entries for both year 2007 and 2008. I mean, what entry should I make at the end of 2007 for the income I earned but not received, and what would be the...
Monday, January 14, 2008 at 12:45pm

Math accounting
The following selected transactions were completed by Pilgrim Delivery Service during July: 1. Received cash from issuing capital stock, $115,000 2. received cash for providing delivery service, $58,000 3. Paid advertising expense, $2,000 4. Paid creditors on account, $4,800 5...
Sunday, January 13, 2008 at 5:19pm

Accounting
Year end inventory at cost $55,902, at retail 84,700. Questions: A year-end physical inventory at retail prices yields a total inventory of $78,550. Prepare a calculation showing the company's loss from shrinkage at cost and at retail.
Sunday, January 13, 2008 at 1:24pm

Accounting
Write a 200- to 300-word response to the following: Why are cost per output and cost per outcome calculations valuable to a human service agency? This is what I have so far can someone help me meet the maximum word requirement.Thanks Human Service Agencies receive pay based on...
Friday, January 4, 2008 at 10:25pm

Accounting
Why are cost per output and cost per outcome calculations valuable to a human service agency?
Thursday, January 3, 2008 at 11:00pm

Accounting
For my assignment I was asked to complete a journal for the Portand After School Program. I have completed it, but I know I did something wrong because when I try to do the second part which is a trial balance it is not balancing out right. can some one please help me correct ...
Thursday, December 20, 2007 at 10:47pm

financing
The revenue recognition principle simply dictates that revenue is recognized in the accounting period that it is earned. For human service organizations, revenue is considered to be earned at the time a service is delivered. For example, let's say a physician sees 25 ...
Wednesday, December 12, 2007 at 12:32pm

FINANCING
What are some areas or businesses, besides the government, where we may see value in cash accounting strategies? Incidentally, there is one country that does not use cash basis accounting. Does anyone know the country using accrual accounting methods?
Tuesday, December 11, 2007 at 9:43pm

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