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April 19, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

Post a New Question | Current Questions

Accounting 100
Who can be harmed when a company changes its accounting methods too often?
Thursday, May 26, 2011 at 6:08pm

accounting
I already know what the different inventory cost flow assumptions are, but what I do not know is how might the choice of cost flow assumption affect the company's cost of goods sold and ending inventory balance? Can somebody please explan this to me?
Thursday, May 26, 2011 at 2:50pm

accounting
Six annual payments of $250 into savings account earns 1.5% annually. What is the value of the account at the end of the six years? Rate Periods Payment Future value
Tuesday, May 24, 2011 at 7:34pm

accounting..help plz urgent!
The Balance sheet does not normally show changes in capital during the period unless you have two years shown, and then only the gross value of the change is shown not the individual components of the change. The Income Statement shows only items of income and expense and the ...
Monday, May 23, 2011 at 7:08pm

Accounting
MHS currently has $1,150,000 in cash. How long would it take them to accumulate $2,000,000 in cash? Assume an interest rate of 5%.
Sunday, May 22, 2011 at 6:46pm

accounting/220
on june 1 the accounts receivable ledger of kentucky company showed the following balances
Sunday, May 22, 2011 at 5:15pm

accounting
cash flow analysis of whirlpool cash flow statement for 2006 solution
Friday, May 20, 2011 at 9:49pm

Business
Hopefully, sme of the following links will help with this accounting problem: http://search.yahoo.com/search?fr=mcafee​&p=type+of+information+in+a+report+on+th​e+year-to-date+performance+of+your+divis​ion For statistics: http://search.yahoo.com/search?fr=...
Friday, May 20, 2011 at 10:55am

accounting
It appears that you have simply posted the entire assignment without any effort in doing what you are asked to do. No effort on your part constitutes no effort on our part. You need to ask questions about what you do not know how to do, because we HELP but we do not DO the ...
Friday, May 20, 2011 at 10:44am

accounting
Triple Play, Inc Triple Play, Inc. was established in 1982 by Randy Cleaver, Jim “Bluefish” Johnson, and Willie Lloyd, all ex-major league baseball players who were interested in offering quality baseball mitts at affordable prices. These players felt that, at the ...
Friday, May 20, 2011 at 3:24am

accounting
a business pays weekly salaries of $25,000 on Friday for a five-day ending on that day. Journalize the adjusting entry required at the end of the accounting period assuming the accounting period ends on Wednesday?
Tuesday, May 17, 2011 at 6:39pm

System Analysis and Designs - IT460
I need help really bad since I am majorly stuck due to things happening in the family. My GPA thus far for this course is a 4.0, however, now I am stumped. Please complete the following projects using MS Word. Save the project as Unit 4 Project. Jesse wants to see a context ...
Tuesday, May 17, 2011 at 4:15pm

strayer
ACC422 – Intermediate Accounting II Learning Team D Assignment – Week 2 This assignment is worth a total of 75 points distributed evenly among the two problems. It will be graded based upon both the accuracy of your solutions (2/3) and effort (1/3). Points for effort...
Tuesday, May 17, 2011 at 3:49pm

accounting..help plz urgent!
Check the links on common financial reports: http://search.yahoo.com/search?fr=mcafee​&p=what+is+the+accounting+report+that+sh​ows+changes+in+capital Sra
Sunday, May 15, 2011 at 8:35pm

accounting..help plz urgent!
An accounting report that shows the changes in capital during the accounting period is: a.) a balance sheet. b.) an income statement. c.) a statement of owner's equity. d.) All of these answers are correct.
Sunday, May 15, 2011 at 6:46pm

accounting
incorrect $3,995 *****correct $4000.50
Saturday, May 14, 2011 at 1:14pm

accounting
$3,995
Saturday, May 14, 2011 at 1:07pm

Accounting
Presented below are some business transactions that occurred during 2008 for Vicki Prowitz Company.
Friday, May 13, 2011 at 11:05am

Managerial Accounting
See if any of the following links will help: http://search.yahoo.com/search?fr=mcafee​&p=most+companies+recompute+th+e+predete​rmined+overh+ead+rate+each+month+to+impr​ove+accuracy+of+unit+costs%3F Sra
Friday, May 13, 2011 at 9:36am

Managerial Accounting
. In order to improve the accuracy of unit costs, most companies recompute the predetermined overhead rate each month. True or False
Friday, May 13, 2011 at 9:34am

Finance accounting
Eddings Company had a beginning inventory of 400 units of Product XNA at a cost of $8.00 per unit. During the year, purchases were: Feb. 20 600 units at $9 Aug. 12 300 units at $11 May 5 500 units at $10 Dec. 8 200 units at $12 Eddings Company uses a periodic inventory system...
Wednesday, May 11, 2011 at 1:00pm

Accounting
Although I see no question, here are some sites on inventory: http://search.yahoo.com/search?fr=mcafee​&p=periodic+inventory Sra
Tuesday, May 10, 2011 at 7:57pm

Accounting
Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the beginning of March, Glanville had in beginning inventory 1,500 Clooney CDs with a unit cost of $7. During March Glanville made the following purchases of Clooney CDs. March 5 3,000 @ $8 March ...
Tuesday, May 10, 2011 at 7:38pm

Accounting
Since I do not see a question from you, here are some sites on periodic inventory system: http://search.yahoo.com/search?fr=mcafee​&p=periodic+inventory+system Sra
Tuesday, May 10, 2011 at 1:33pm

Accounting
Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the beginning of March, Glanville had in beginning inventory 1,500 Clooney CDs with a unit cost of $7. During March Glanville made the following purchases of Clooney CDs. March 5 3,000 @ $8 March ...
Tuesday, May 10, 2011 at 1:26pm

Accounting 1
Try some of the following links for information: http://search.yahoo.com/search?fr=mcafee​&p=the+name+of+a+comparison+of+the+gener​al+ledge+accounts+with+debit+balances+to​+the+general+ledger+accounts+with+credit​s+blances+to+make+sure+they+equal+the+sa...
Monday, May 9, 2011 at 12:09pm

Accounting 1
what is the name of a comparison of the general ledge accounts with debit balances to the general ledger accounts with credits blances to make sure they equal the same?
Monday, May 9, 2011 at 11:32am

accounting
Here are some links to try on variance calculations: http://search.yahoo.com/search?fr=mcafee​&p=how+to+determine+price+vaiance%2C+qua​ntity+variance+%26+cost+variance Sra
Friday, May 6, 2011 at 9:32pm

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, ...
Friday, May 6, 2011 at 5:11pm

economics
Explain the effect on a company’s stock price today of the following events, other things held constant. a. the interest rate on the company’s bonds falls. b. Several companies in the same sector announce surprisingly slow sales. c. Changes in the tax laws passed ...
Thursday, May 5, 2011 at 11:58pm

accounting
For the first part of your post, try some of the following links: http://search.yahoo.com/search?fr=mcafee​&p=what+happens+in+accounting+if+a+compa​ny+incorrectly+classifies+cost%3F For the 2nd part, try here: http://search.yahoo.com/search?fr=mcafee​&p=in+...
Thursday, May 5, 2011 at 2:47pm

accounting
What potential problem can arise if a company incorrectly classifies costs? Example, what if an inventoriable cost is classified as a period costs?
Thursday, May 5, 2011 at 12:27pm

Accounting
Greenwood Corporation has paid 60 consecutive quarterly cash dividends (15 years). The last 6 months have been a real cash drain on the company, however, as profit margins have been greatly narrowed by increasing competition. With a cash balance sufficient to meet only day-to-...
Wednesday, May 4, 2011 at 12:12pm

accounting
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...
Wednesday, May 4, 2011 at 12:07pm

accounting/help please
Try some of the following links: http://search.yahoo.com/search?fr=mcafee​&p=what+are+the+accounts+used+to+adjust+​the+uncollectible+accounts%3F Sra
Wednesday, May 4, 2011 at 12:34am

accounting/help please
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts . D)Accounts ...
Tuesday, May 3, 2011 at 11:12pm

Accounting
Here are some tutorials: http://search.yahoo.com/search?fr=mcafee​&p=accounting+tutorials Sra
Monday, May 2, 2011 at 7:59pm

Accounting
The SOO Company has machinery that it acquired a number of years ago at a cost of $812,000. As of December 31, 2012 the company has recorded life-to-date depreciation in the amount of $332,900. Because of changes in their manufacturing processes, the equipment does not ...
Monday, May 2, 2011 at 5:01pm

Intermediate Accounting
Purchased dental equipment on January 1 for $80,000, paying $20,000 in cash and signing a $60,000, 3-year note payable. The equipment depreciates $400 per month. Interest is $500 per month
Monday, May 2, 2011 at 1:44pm

Accounting
You might try any of the following links, if you haven't before or if they look promising: http://search.yahoo.com/search?fr=mcafee​&p=formula+needed+to+perform+a+quick+rat​io+for+a+non-profit+organization Sra
Sunday, May 1, 2011 at 2:54pm

Accounting
I am taking an accounting class and the instructor is refusing to give the formula needed to perform a quick ratio for a non profit organization (capital one). The typical formula Current Assets – Inventory/ Current Liabilities found online only covers typical companies ...
Sunday, May 1, 2011 at 12:47pm

accounting
You might try some of the following links: http://search.yahoo.com/search?fr=mcafee​&p=how+to+determine+fixed+cost+%26+varia​ble+cost+per+unit Sra
Friday, April 29, 2011 at 6:57pm

Business
You work for the city of Bigtown's legal department. Bigtown has been trying for years to attract more convention business, but it has been unsuccessful to date. The new mayor was voted in on the tagline, "I'll make Bigtown the place to see and be seen." It&#...
Friday, April 29, 2011 at 3:55pm

accounting
if direct material is 6.69, direct labor 3.33, variable overhead 1.27, and fixed overhead .088. if your producing 2400 units what is your total fixed cost and what is the variable cost per unit?
Friday, April 29, 2011 at 3:23pm

economics
This is my son who is in 10th grade homework assignment. I want to be able to help and not look like a dope! I really have no clue! 1. Why do economists consider growth in the average labor productivity to be the key factor in determining long run living standards? 2. And, Let...
Friday, April 29, 2011 at 2:41pm

accounting
Sometimes it "works" stating that you'd love to do that, but it is against company policy and if it's broken for one, everyone will want to do that. They might except a "smaller" discount for being late. It would depend on how much you want to do to...
Wednesday, April 27, 2011 at 6:26pm

accounting
Y company offers its customers credit of 2/10,n 30. Most customers take advantage of the cash discount, mailing their payment to arrive on the 10th day following the date of the invoice. However X comany, Y largest customer, has recently begun sending payments to arrive on the...
Wednesday, April 27, 2011 at 10:57am

Accounting
Try some of the adjusting entry sites: http://search.yahoo.com/search?fr=mcafee​&p=adjusting+entries Sra
Tuesday, April 26, 2011 at 1:59am

Accounting
Here are some accounting tutorials to help you: http://search.yahoo.com/search?fr=mcafee​&p=accounting+tutorials Sra
Tuesday, April 26, 2011 at 1:58am

Accounting
#15 Supplies: Original Purchase and Adjusting Entry On January 1, the company had office supplies costing $4,600. On March 23, the company bought additional office supplies costing $8,200; the company paid cash. On December 31, a physical count of office supplies revealed ...
Monday, April 25, 2011 at 10:10pm

Accounting
#9 Unrecorded Liability: Adjusting Entry Refer to PE 4-8. (1) Make the adjusting entry necessary on the company’s books with respect to this loan on December 31. (2) Make the journal entry necessary on the company’s books on the following April 30 to record payment ...
Monday, April 25, 2011 at 10:08pm

Accounting
I noticed that after posting the question you can find a present table by searching on google
Monday, April 25, 2011 at 8:58pm

accounting
Perhaps some of the tutorials will assist you: http://search.yahoo.com/search?fr=mcafee​&p=straight+line+method+tutorials Sra
Monday, April 25, 2011 at 8:56pm

Accounting
We have access to no book or program. Therefore we have no idea what is in Appendix A. Sra
Monday, April 25, 2011 at 8:55pm

Accounting
Compute the price of $7,936,343 received for the bonds by using the tables of present value in Appendix A. (Round to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences. Present value of the face amount $ Present value of the ...
Monday, April 25, 2011 at 8:40pm

accounting
On July 1, 2010, Brower Industries Inc. issued $8,900,000 of 9-year, 10% bonds at an effective interest rate of 12%, receiving cash of $7,936,343. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. ...
Monday, April 25, 2011 at 8:25pm

Accounting
I = PRT I = 47,000 * 0.12 * 3
Monday, April 25, 2011 at 11:56am

Accounting
What is the equation for a simple interest rate of 47,000 note at 12 percent in 3 years? Please help resolve.
Monday, April 25, 2011 at 11:50am

accounting
POST YOUR QUESTIONS AT ww w.ac eyou rcoll egec las sses . c o m
Sunday, April 24, 2011 at 9:06am

Accounting
Axel Corporation acquires 100% of the stock of Wheal Company on December 31, Year 4. The following information pertains to Wheal Company on the date of acquisition:
Saturday, April 23, 2011 at 4:20pm

Principles of Accounting
This is a HELP site where we help you after you DO what you can. We need to see specific questions for which you would like help. Here are some accounting tutorials: http://search.yahoo.com/search?fr=mcafee​&p=accounting+tutorials Sra
Saturday, April 23, 2011 at 3:07pm

Principles of Accounting
Hot Dawgs! Inc. has 3 managers that work in shifts throughout the day and night. The company also employs 4 cooks and 2 waitresses per shift. There are 3 shifts: morning, afternoon, and evening. The managers are paid an annual salary with a 2% bonus every December. The ...
Saturday, April 23, 2011 at 2:17pm

Ethics/business
Reclassifying period costs (which are mainly administrative and advertising costs) as product costs (costs that are more directly related to the manufacturing of products--duh) gives the impression that more money is going into manufacturing, rather than selling and ...
Saturday, April 23, 2011 at 1:31pm

business
Here are some accounting tutorials for you to peruse: http://search.yahoo.com/search?fr=mcafee​&p=accounting+tutorials Sra
Friday, April 22, 2011 at 11:31pm

accounting
Try some of the following links for information: http://search.yahoo.com/search?fr=mcafee​&p=differences+between+the+organizations​+that+adopt+a+particular+accounting+meth​od%3F Sra
Friday, April 22, 2011 at 1:24am

accounting
: Are there any differences between the organizations that adopt a particular accounting method? Please explain your answer.
Thursday, April 21, 2011 at 11:06pm

HEALTH CARE FINANCIAL ACCOUNTING
The local school district has asked your clinic to submit a proposal to do pre-employment physicals for 60 bus drivers. What financial or accounting information do you need to submit the proposal? What will you charge the school district?
Thursday, April 21, 2011 at 9:59pm

accounting
You might want to look at some of the following links: http://search.yahoo.com/search?fr=mcafee​&p=how+to+prepare+a+clash+flow+statement​+for+a+year Sra
Thursday, April 21, 2011 at 8:51pm

accounting
Partial balance sheets for ABC Company and additional information are provided below. ABC Company, Partial Balance Sheets, As of December 31 2009 2008 Equipment $100,000 $75,000 Accumulated depreciation (25,000) (20,000) Common stock, $5 par 180,000 100,000 Paid in capital 20,...
Thursday, April 21, 2011 at 8:37pm

accounting
Would like to start a college fund. It was estimated that the cost for college to be 60,000 per year. How much should be deposit into the account each month for 18 years to accumulate a total of 240,000 @ 12% interest earned.
Thursday, April 21, 2011 at 9:30am

accounting
If you tried to "cut and paste" it rarely works here. You will need to type the rest of your post out. Sra
Wednesday, April 20, 2011 at 6:36pm

accounting
Here are some links to try: http://search.yahoo.com/search?fr=mcafee​&p=explain+the+nature+of+minority+intere​st+and+its+proper+presentation+on+a+cons​olidated+balance+sheet+ Sra
Wednesday, April 20, 2011 at 6:35pm

accounting
See if any of the following links will help: http://search.yahoo.com/search?fr=mcafee​&p=how+to+figure+the+net+income+of+a+com​pany+during+a+year Sra
Wednesday, April 20, 2011 at 6:32pm

accounting
Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 & liabilities of $140,000 at the end of the year. During the year, the owner invested an additional $40,000 in the business, and the company made withdrawals of...
Wednesday, April 20, 2011 at 3:15pm

accounting
explain the nature of minority interest and its proper presentation on a consolidated balance sheet
Wednesday, April 20, 2011 at 1:53pm

accounting
jones company acvquired and 80% interest in the smith company ant the beginning
Wednesday, April 20, 2011 at 1:39pm

accounting
Shott Farm Supplies Corporation purchased 800 shares of General Motors stock at $50 per share and paid a brokerage fee of $1,200. Two months later, the shares were sold for $53 per share. The brokerage fee on the sale was $1,300. perpare entries for the purchase and the sale.
Wednesday, April 20, 2011 at 1:17pm

accounting
. Natasha Company has current assets of $60,000 and current liabilities of $20,000. What is its (a) working capital and (b) current ratio?
Wednesday, April 20, 2011 at 2:19am

statistics
a study by Hewitt Associates showed that 79% of companies offer employees flexible scheduling. suppose a researcher believes that in accounting firms this figure is lower. The researcher randomly selected 415 accounting firms and through interviews determines that 303 of these...
Tuesday, April 19, 2011 at 11:54pm

accounting
MKTG205-1101B-07 Principles of Marketing Assignment Name: Unit 5 Individual Project Deliverable Length: 2-3 pages Details: Select a global company of your choice in the service industry. Using your selected global company as the subject matter, research the principles of ...
Tuesday, April 19, 2011 at 8:20pm

accounting
If you decide to buy a car for $17,500 and get $2,500 on a trade-in. If the bank finances the remainder at 7.8%, and you want to pay off the loan in 5 years, how much will your monthly payments be? (Assume that interest is compounded monthly.)
Tuesday, April 19, 2011 at 2:36pm

Accounting
See if any of the following sites will help you: http://search.yahoo.com/search?fr=mcafee​&p=present+value+of+an+annuity+that+pays​+%24250%2C000+in+30+years+if+interest+ac​cumulates+at+a+rate+of+7.5%25+compounded​+semiannually Sra
Tuesday, April 19, 2011 at 10:30am

Accounting
Here are some links on annual percentage rates: http://search.yahoo.com/search?fr=mcafee​&p=1%25+per+month+is+what+annual+rate+of​+interest Sra
Tuesday, April 19, 2011 at 10:29am

Accounting
If your credit card company charges you 1% per month on your balance, what effective annual rate of interest is it charging?
Tuesday, April 19, 2011 at 9:44am

Accounting
(Present Value) What is the present value of an annuity that pays $250,000 in 30 years if interest accumulates at a rate of 7.5% compounded semiannually? (i.e. How do you have to pay NOW for the policy? You make no payments other than your lump sum payment.)
Tuesday, April 19, 2011 at 9:42am

accounting
You should find information in the following sites: http://search.yahoo.com/search?fr=mcafee​&p=Emergence+of+a+New+Organizational+Rea​lity%22in+accounting+%26+Organizational+​Cultures Sra
Tuesday, April 19, 2011 at 9:37am

accounting
accounting and Organizational Cultures: A Field Study of the Emergence of a New Organizational Reality"
Tuesday, April 19, 2011 at 5:18am

Accounting
Try some of the following links: http://search.yahoo.com/search?fr=mcafee​&p=How+is+a+contract+penalty+recorded+fo​r+the+company+that+hires+a+contractor%3F​+ Sra
Monday, April 18, 2011 at 7:41pm

Accounting
a. IPC purchases real estate in prime locations where an existing theatre chain does not adequately serve the market. After purchasing the real estate, IPC engages a contractor to build a theatre complex. During fiscal 2009, IPC received a $2,000,000 payment from a contractor ...
Monday, April 18, 2011 at 7:10pm

Accounting
What would the worksheet look like for Julie Molony opened Julie’s Maids Cleaning Service Inc. on July 1, 2008. During July,
Monday, April 18, 2011 at 7:02pm

Accounting
How is a contract penalty recorded for the company that hires a contractor?
Monday, April 18, 2011 at 6:51pm

Accounting
Here are some links that explain that: http://search.yahoo.com/search?fr=mcafee​&p=how+an+inventory+write-off+afects+the​+cash+flow+statement Sra
Monday, April 18, 2011 at 6:29pm

Accounting
How does an inventory write-off effect the cash flow statement?
Monday, April 18, 2011 at 5:56pm

accounting
See if any of the links on cash flow will assist you: http://search.yahoo.com/search?fr=mcafee​&p=how+to+prepare+financing+activities+s​ection+of+the+statement+of+cash+flows Sra
Monday, April 18, 2011 at 1:07am

accounting
(TCO 8) Partial balance sheets for ABC Company and additional information are provided below. ABC Company, Partial Balance Sheets, As of December 31 2009 2008 Equipment $100,000 $75,000 Accumulated depreciation (25,000) (20,000) Common stock, $5 par 180,000 100,000 Paid in ...
Monday, April 18, 2011 at 12:39am

accounting
Here are some links on ethical guidelines for accountants: http://search.yahoo.com/search?fr=mcafee​&p=ethical+guidelines+for+accountants Sra
Sunday, April 17, 2011 at 9:28am

accounting
Accountants follow ethical guidelines in the conduct of their work. What are these guidelines made for? Why are ethical principles considered important? In the event the accountants do not follow the ethical principles what do you think the effect would be?
Sunday, April 17, 2011 at 6:51am

accounting
$50,000 x .31524 = $15,762.00 +$5,000 x 8.55948 = $42,797.40 You would pay a total of $58,559.40 Pro tip: Use the tables in book to find .31524 (which is 8% @ 15 periods for present value of 1) and 8.55948 (which is 8% @ 15 periods for present value of an ordinary annuity of 1)
Saturday, April 16, 2011 at 5:37pm

College Accounting
Treasury stock that had been purchased for $6,400 last month was reissued this month for $8,500. The journal entry to record the reissuance would include a credit to
Friday, April 15, 2011 at 6:02pm

accounting
The local school system asks you to submit a proposal to do preemployment physicals for 60 bus drivers. What financial or accounting information do you need to submit the proposal?
Wednesday, April 13, 2011 at 5:23pm

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