Homework Help: Business: Accounting

Recent Homework Questions About Accounting

Management accounting
this is added to my previous question assume that the only service performed is the giving of haircuts, the unit price of which is $12 see my previous post.
Tuesday, May 22, 2007 at 11:34pm

Management accounting
Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him (Andre is not one of them) Eash barber is paid $9,90 per hour and workd a 40-hour week and a 50-week, regardless of the number of haircuts. Rent and other fixed ...
Tuesday, May 22, 2007 at 11:13pm

IT
What skills are needed to perform the business functions of computer operations? I am assuming they are needing more than the basic function like keyboard and on and off but not sure what that would be. I tried to think of what i needed to know if i had an business and used ...
Tuesday, May 15, 2007 at 7:53am

Business and Technology
How would tariff help attain favorable balance of trade and balance of payments? Check the Accounting Dictionary's explanation of tariffs at this site. http://www.answers.com/topic/tariff
Thursday, May 10, 2007 at 11:13pm

Accounting
My non-profit company received 4 parcels of land from another affiliated non-profit for "one dollar". I originally booked: Debit Property Asset $1 Credit Cash $1 I'm reconciling my checking account and I'm off $1, because we never actually paid $1 for the ...
Wednesday, May 9, 2007 at 9:58am

Accounting
Anybody out there who can help enlighten me with the following problem PLEASE don't hesitate :) TIA.. The Struter Partnership has total partners' equity of $510,000, which is made up of Main, Capital, $400,000, and Frist, Capital, $110,000. Ther partners share net ...
Saturday, May 5, 2007 at 2:52pm

Accounting
1. What contitute a Proper book of accounts? Illustrate your answer by describing the basic books that may be maintained by partnership in order to satify the above definition describing the general content of each book.
Friday, May 4, 2007 at 6:32pm

Accounting
Using a perpetual system, how do I determine the FIFO,LIFO, weighted average, and specific identification. Dec. 7, 10 units @ 6.00, Dec 14 20units @ 12.00, and Dec 21. 15 units @ 14.00 cost. trader sells 15 units for 25 each on December 15. Eight of the sold units are from the...
Tuesday, May 1, 2007 at 11:07pm

Accounting
Can someone give me good websites detailing the history of the IFRS (International Financial Reporting Standards)? Or just give me a basic outline please? Boss wants me to write an essay about it, I am also checking libraries, a few pointers would be great =) Thanks in advance...
Wednesday, April 18, 2007 at 4:35am

Accounting
This is in regards to adjusting entries. If I own a hotel and In order to reserve a room you must pay $220.00 in advance, what type of adjusting entries do I make, How do I determine the amounts of the adjustments, and which accounts are affected?
Friday, April 13, 2007 at 12:31am

accounting
Many high-technology companies, like Nortel Networks, Micron Technology and JDS Uniphase, have written down massive amounts of their inventory. For example, Nortel Networks revalued some of its inventory parts at $0, though the inventory initially cost Nortel $650 million. ...
Thursday, April 12, 2007 at 5:27pm

Accounting
Can sombody please help. What word can be added to the phrase "Health Care Cost" to make it relate to accounting issues? I will apreciate whoever help me with this question. This is a 50 points question. I don,t want to loose it. Medical Expense, Medical Charges, ...
Sunday, April 8, 2007 at 11:01am

Accounting
what is accountability and what is its relationship to a) accounting b) an organisation's responsibilities? thx
Thursday, March 29, 2007 at 9:24pm

Accounting help please!!!!!!!!!!
Your friend has just come home from their job at a hamburger shop feeling really good because their boss said that they worked so well they were a real asset to the company. Using the definition of an “asset” explain whether your friend would meet the definition of ...
Wednesday, March 28, 2007 at 10:40am

accounting- need help ASAP
Write the transaction to record employer's payroll taxes. Thank you for using the Jiskha Homework Help Forum. Although I'm not exactly sure what you need, hopefully the following link will help you: http://www.accountmate.com/am7/PR_Module.asp
Tuesday, March 27, 2007 at 10:04am

accounting
Constant growth model. Here are data on two stocks, bth of which have discount rate of 15%.
Monday, March 26, 2007 at 9:29pm

accounting
. Stock Values. Integrated Potato Chips paid $1 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 4 percent per year. a.
Monday, March 26, 2007 at 9:28pm

Accounting
Your friend has just come home from their job at a hamburger shop feeling really good because their boss said that they worked so well they were a real asset to the company. Using the definition of an “asset” explain whether your friend would meet the definition of ...
Sunday, March 25, 2007 at 11:16am

Micro Economics
Briefly explain the following: (a)Economic cost and accounting cost. (b)Free market economy and mixed economy. (c)Marginal utility theory and indifference curves analysis. Please note that we don't do students' homework for them. Once YOU have come up with a response ...
Friday, March 23, 2007 at 7:14am

accounting
if a bond sells at 102.5, what does that mean?
Tuesday, March 20, 2007 at 9:47am

accounting
Can someone check my answers. A car dealership gives customers the choice of buying or leasing its cars. The cars cost $20,000 and are sold for $25,000. The standard lease contract is for four years, with the first payment made at the time the lease is signed. Annual payments ...
Sunday, March 18, 2007 at 7:05pm

Management Accounting
I really need help with this question. I keep doing it wrong so can anyone help me please. ------------------------------------------------------------ ------- The maori novelty company makes a variety of souvenirs for visitors to New Zealand. The Otago division ...
Monday, March 12, 2007 at 7:19pm

accounting for investments
Can someone check my answers. -For each of the following eight situations, select the best answer concerning accounting for investments: (A.) Increase the investment account. (B.) Decrease the investment account. (C.) Increase dividend revenue. (D.) No adjustment necessary. 1...
Sunday, March 4, 2007 at 8:52pm

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, ...
Friday, March 2, 2007 at 12:52am

Accounting
I need help with a problem involving adjusting entries. It is involving rent expense and prepaid rent. Here is the information I am given on the Unadjusted Trial Balance, Dec. 31, 2005: Prepaid studio rent: 2,500 Studio rent expense: 11,250 The data says, "The studio pays...
Tuesday, February 27, 2007 at 3:13pm

accounting
Can someone please check my answer to the following question. Jill bought 500 shares of stock on October 22,2005 for $30,000. On March 25, 2006 she gave half the shares to her sister when the fair market value was $55 per share. If Jill's sister sells the property for $14,...
Monday, February 26, 2007 at 10:03pm

Accounting
Assume that Hickory Company has the following data related to its accounts receivable: 2005 Net Sales $ 1,425,000 Net receivables Beginning of year 375,000 End of year 420,000 2006 Net Sales $ 1,650,000 Net receivables Beginning of year 333,500 End of year 375,000 Use the data...
Sunday, February 25, 2007 at 1:35am

Accounting
The president of Penman Corporation, John Burton, has asked you, the company’s controller, to advise him on whether Penman should develop a just-in-time (JIT) inventory system. Your research concludes that there is a high cost associated with inventory storage facilities...
Sunday, February 25, 2007 at 1:28am

Accounting
Is unearned revenue included in the income statement? No, only the balance sheet.
Friday, February 23, 2007 at 8:37pm

Accounting Adjustment
Use the straight line amortization method. Equipment amortizes 20 percent per year. Trial Balance for March 31, 2005 shows equipment worth $90,030.
Thursday, February 22, 2007 at 6:28pm

Intro Accounting - HELP
3. Dr. Colin Modella, an music history professor at the University of Arizona, supplements her income by selling cappuccino on campus to students and other faculty members when she is not teaching, doing research, creating curriculum, or attending committee meetings. She sells...
Wednesday, February 21, 2007 at 6:55pm

accounting
The president of Penman Corporation, John Burton, has asked you, the company's controller, to advise him on whether Penman should develop a just-in-time (JIT) inventory system.
Sunday, February 18, 2007 at 10:23pm

economics
Suppose a company has the following costs: Labor $400 Equipment $300 Materials $100 A)What is the total accounting cost? B)What is the total economic cost? In general, accounting costs are the dollars paid for goods and services. In your example $800. Economic costs are ...
Tuesday, February 13, 2007 at 5:35pm

can someone please check my accounting answers
Can someone please check my answers dealing with various contingencies. -For each item, indicate how the situation should be accounted for and reported for the current year. Select the best answer from the accounting and reporting treatments listed below (A through D): 1. The ...
Saturday, February 10, 2007 at 1:26am

Accounting 212 (Managerial)
Could someone please assist in this matter. I'm trying to ascertain the straight-line discount amortization of a problem which is as follows. A company issues $4,000,000 of 6%, 15 year bonds dated January 1, 2007 that pay interest semiannually on June 30 and December 31. ...
Saturday, February 3, 2007 at 1:11pm

managerial accounting
Im trying to get the selling price the question is marina has estimated the fixed cost per month are 240,000 and variable cosdt per dollar of sales is $0.60. what is the break even point per month use
Thursday, February 1, 2007 at 12:21am

Accounting
T/F when the current assets of a company such as accounts receivable or inventory increase during the year, the increase provides additional cash inflow from operating activities
Monday, January 29, 2007 at 6:54pm

Accounting
which of the following situations will not cause a deferred income tax amount to be recorded ? a - expense that is recognized in 20A for income tax purposes and in 20 B for financial statement purposes b - expense that is recognized in 20A for financial statement purposes but ...
Monday, January 29, 2007 at 6:53pm

Accounting
T/F building and equipment are recorded at cost of acquisition and are subsequently reported at cost less accumulated depreciation
Saturday, January 27, 2007 at 8:55pm

Accountant
Many high-technology companies, like Nortel Networks, Micron Technology and JDS Uniphase, have written down massive amounts of their inventory. For example, Nortel Networks revalued some of its inventory parts at $0, though the inventory initially cost Nortel $650 million. ...
Friday, January 26, 2007 at 8:54pm

accounting
A firm has in the past provided for bad debts on the basis of 10% of yr end trade receivables.The provision brought forward (brought down) on 1 Jan 2006 was €520 During the yr ended 31 December 2006 the bad debts written off amounted to €620 and the remaining trade ...
Thursday, January 25, 2007 at 8:26pm

Accounting
how do i do adjusting entries on a general journal Thank you for using the Jiskha Homework Help Forum. The following site has general Accounting Advice: http://www.lemoineandjames.com/gaap/73aje.html
Wednesday, January 24, 2007 at 9:25pm

accounting
One of the adjustments for the worksheet says: * Of the $25 369.20 shown on the trial balance under Materials Used, $2 850 is still on hand and unused. Therefore I credited Materials Used by $2 850.. but which account do I debited because there is no Materials account.
Saturday, January 20, 2007 at 9:45pm

Accounting
I have to prepare an income statement from the following records. Can someone show me how? The following selected information is taken from the records of Beckstrom Corporation. Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . $ 35,000
Saturday, January 20, 2007 at 2:59pm

Accounting 1
Completion 1)A Corporation's _________ spells out the rules under which the business is to operate. 2)A _________ is responsible for the affairs of the corporation.
Thursday, January 18, 2007 at 5:27pm

Accounting
What represents the financial claim to business assets?
Thursday, January 18, 2007 at 4:20pm

Management Accounting
Can someone please help me with this question. Nike is an oregon based company that focuses on the design, development and worldwide marketing of high Quality footwear, apparel, equipment and accessory products. Nike is the largest seller of athletic footwear and athletic ...
Friday, January 12, 2007 at 10:40am

Accounting
How the heck to I post this? "Wells purchased 100 shares of Wells Consulting Services stock for $10,000" The only accounts I have to choose from are: Cash A/R Supplies A/P Capital Stock Retained Earnings Dividends Professional Fees Operating Expense Supplies Expense
Thursday, January 11, 2007 at 3:33pm

Accounting
1. The company uses a job-order costing system. How would you recommend that manufacturing overhead cost be assigned to production? 2. Recompute the company's unit product costs in accordance with your recommendations in (1) above. Direct Materials........... $240,000 ...
Tuesday, January 9, 2007 at 11:19pm

finance
pro forma financial statements are a. the most comprehensive means of financial forecasting b. often required by prospective creditors Thank you for using the Jiskha Homework Help Forum. Here is a definition of Pro Forma Financial Statements: Definition Financial statements as...
Sunday, January 7, 2007 at 9:49pm

Managerial Accounting Help
Cotta Cots uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labor-hours (DLHs). During August, the company actually used 6,100 direct labor-hours and produced 2,500 units of product. The standard cost card for ...
Tuesday, December 19, 2006 at 11:41am

Managerial Accounting
John has invested in a machine that cost $70,000, that has a useful life of seven years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four ...
Thursday, December 14, 2006 at 6:49pm

Managerial Accounting
17.Pid has invested in a machine that cost $70,000, that has a useful life of seven years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four...
Thursday, December 14, 2006 at 10:15am

Finance
Please answer following: 1. The purpose of secondary trading is to provide liquidity and competition between investments. provide a market for securities not handled in primary trading. provide jobs for brokers and dealers. provide lower commissions than on the organized ...
Monday, December 11, 2006 at 1:46pm

Accounting
Here is another question I am having trouble with, please help!!!! 3. The following totals for the month of March were taken from the payroll registrar of the X company: Salaries (all subject to social security & Medicare taxes $14,000 Federal income taxes withheld 3,500 ...
Tuesday, December 5, 2006 at 12:56pm

Math - Business Math / Accounting
A person applying for a sales position is offered an alternative salery plan. Plan A- A base salery of $600 per month plus a commission of 4% of the gross value for the month Plan B- A base salery of $700 per month plus a commission of 6% of the gross sales of the month in ...
Saturday, December 2, 2006 at 2:56pm

Accounting question
How are posting procedures for closing entries and for other general journal entries different?
Wednesday, November 29, 2006 at 2:08am

accounting
Benjamin O'Henry has owned and operated O'Henry's data Service since it beginning ten years ago.From all appearances,, the business has prospered. in the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he ...
Saturday, November 25, 2006 at 10:21pm

Accounting 100 Receivables
During October, German Imports had sales of $180,000, which included $120,000 in credit sales. October collections were $90,000. Other data include September 30 debit balance in Accounts Receivable 28,000. September 30 credit balance in allowance for uncollectible accounts, 1,...
Tuesday, November 21, 2006 at 4:03pm

Economics
The chapter states that the elderly population in the United States is growing more rapidly than the total population. In particular, the number of workers is rising slowly, while the number of retirees is rising quickly. Concerned about the future of Social Security, some ...
Friday, November 17, 2006 at 4:35pm

accounting
On the statement of changes in owner's equity, how do you find the beginning capital?
Thursday, November 16, 2006 at 9:07am

accounting
receive a check for 650 from dorothy in payment of her account which was previously written off as a bad debt. reinstate her accounts receivable in the general journal
Wednesday, November 15, 2006 at 5:52pm

Management accounting
problem calculate a cash budget from following data for October to Decembers sale purchases salaries sept 40000 80000 25000 oct 120000 52500 30000 nov 70000 80000 300000 dec 12000 80000 300000 sale are collected 20% in cash same month and 80% credit of which half is same month...
Wednesday, November 8, 2006 at 2:51pm

Management accounting
Problem sales purchases salaries sep 40000 80000 Problem sales purchases salaries sep 40000 80000
Wednesday, November 8, 2006 at 2:42pm

Management Accounting
well i try to solve this problem but it look so complicated I need to cash buget what's the problem? check the problem i don't get it check the problem i don't get it
Wednesday, November 8, 2006 at 2:40pm

basic accounting
How would I finish this sentence" A generally accepted weakness of our accounting system is that plant assets are..? What does the answer mean?
Tuesday, November 7, 2006 at 7:30pm

microeconmics - role of price
What exactly are the roles of price in a market economy? Is it measure of value, store of value, currency for exchange, price determines quantity demanded? What else should I add to this list? Any ideas? Kind regards, Mr McHautenson It give information about the consumers ...
Tuesday, November 7, 2006 at 2:54am

active physics
from the question we just did, how much force is neede to stop in 20 seconds! OK. think it through. If it's going at 10 m/s, and then it stops, what is it's change in velocity? is it 10 Yes, now it takes 20 seconds, so what is its acceleration (actually deceleration)? ...
Thursday, November 2, 2006 at 10:01pm

Accounting
hey could someone plz plz help me. it'll only take a sec.... say if u got a whole lot of transactions for a month, eg u received cash for heaps of things..... would u add that into bank??(in the general ledger). or would that be added into a/c receivable?? or both??
Thursday, November 2, 2006 at 7:45pm

accounting
how do you calculate PV ratio? What do you mean by "PV" Is it Present Value, which takes some nominal amount in the future and divides by an appropriate discount rate. Or does your PV mean Profit Volume, which is profits (possibly without regard to fixed costs) ...
Thursday, November 2, 2006 at 12:34pm

quick accounting question
In trial balances, can the account number be on the right side? Thank you for using the Jiskha Homework Help Forum. I have always followed the format of: ACCOUNT DEBIT CREDIT Hi! Very nice site! Thanks you very much! zzVGW3kc8CsB Hello! Good Site! Thanks you! ikrukeqocoru
Sunday, October 29, 2006 at 1:01pm

accounting
Production of 28,000 units, Variable cost to manufacture on one unit =$12 fixed cost = $240,000
Wednesday, October 25, 2006 at 10:35pm

Windows XP Security-NEED ASAP
12. You are called by a department manager who wants one of his employees to have access to a specific document in the manager’s home directory. The department manager wants to retain the file in his own home directory, rather than move it to a share. You successfully ...
Sunday, October 22, 2006 at 3:22pm

MIcroeconomics
Hi. THis is due Tuesday. I am working on it but can use some help. Peggy-Sue has been offered a job by Cookie monster inc for a salary of $125,000 per year. Currently she is producing her own cookies and she has revenues of $260,000 per year. Her costs are $40,000 for labor, $...
Thursday, October 19, 2006 at 8:22pm

accounting
How do you find the amount of total assets? assets = OE + L
Thursday, October 19, 2006 at 10:32am

Economics
You are an economic consultant to the International Monetary Fund, engaged to report on macroeconomic policy in various countries. You are working on the following case. Two countries, Maynardia and Pigovia, are concerned about their current levels of unemployment. In both ...
Thursday, October 19, 2006 at 8:08am

Accounting
I need help on the freight charges of each transaction, I always get confused when I see the FOB’s. Presented here are selected transactions for Norlan Inc during September of the current year. Norlan uses a perpetual inventory system. Sold merchandise costing $15,000 to ...
Monday, October 16, 2006 at 12:38pm

Accounting - Please Help
What would the Journal Entry be for this transaction: Notified by Alex's Engineering Co that Success's bid of $9,000 on a proposed project has been accepted. Alex's paid a $2,500 cash advance to Sucess Systems. Would I have two different journal entries for this? ...
Sunday, October 15, 2006 at 12:09pm

Accounting
What would the journal entry be for this transaction? sent a reminder to Gomez Co to pay the fee for services recorded on November 8 There would be no entry since a transaction did not take place. Hi! Very nice site! Thanks you very much! WXEb9sQhxv
Saturday, October 14, 2006 at 8:11pm

accounting - please try to help
the trial balance of a Sporting House shows a $150,000 outstanding balance in A/R at the end of 2005. During 2006, 80% of the total credit sales of $3,500,000 was collected, and no receivables were written off as uncollectible. The company estimated that 2.0% of the credit ...
Friday, October 13, 2006 at 11:59pm

finance /accounting- PLEASE HELP
Aging Accounts Receivable: Madariaga Campany's accounts receivable reveal the following balances: current 840,000 1-30 days past due 405,000 31-60 days past due 95,000 61-90 days past due 60,000 91-120 days past due 11,000 The credit balance in Allowance for Bad debts is ...
Friday, October 13, 2006 at 11:46pm

Accounting
How do I enter the following investment as a compound entry in a general journal? I also don't understand how cash is different from capital. Help!!! ASSETS Cash...............20,000.00 Moving Van.........40,000.00 = 60,000.00 LIABILITIES & OWNER'S EQUITY Bank Loan...
Friday, October 13, 2006 at 1:32pm

Accounting
What are my transactions for Paid Freight on April 18 purchase $100?
Friday, October 13, 2006 at 10:06am

finance
a financial mgr is considering operating a lock box. she forecast that 400 payments a day will be made to the lockbox with the average payment being $2,000. the banks charge for operating the lockbox is .40 cents per check. the interest rate is .025 per day. a. if the lock box...
Friday, October 13, 2006 at 2:44am

Accounting: Break even point
How much profit increase for every unity sold over the break-even point Break-even point: This is the point in the annual output where the number of units sold, or number of services provided, produces enough gross profit to cover all the fixed overhead costs of operations. ...
Tuesday, October 10, 2006 at 10:19pm

Finance/Accounting
I'm not sure how to work this oroblem. Can someone assist me. revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005, Edgemont had assets of $350,000, liabilities of $80,000, and capital stock of $210,000. Edgemont paid a cash dividend...
Tuesday, October 10, 2006 at 9:04pm

Accounting
A example of a nonprogrammed decision for a clothing manufacturer is a. allocating bonuses to employees. b. acquiring a new supplier for cloth. c. deciding to market products using the internet. d. selecting which customers to offer discounts to. Nataly works in Young Women&#...
Tuesday, October 10, 2006 at 8:51pm

Accounting: Lock Box System
What minimum reduction in the time to collect and process each check is needed to justify use of the lock box system? If 400 payments per day, 2,000 average payment size, Bank charge $.40 per check and interest rate is .015 per day. The answer depends on the value of time. For...
Tuesday, October 10, 2006 at 9:13am

Managerial Accounting: Help Me
Please help me with the following 4 questions 1)
Monday, October 9, 2006 at 3:57pm

accrual basis accounting vs. cash accounting basis
Can someone please check my answers to the following problem. Jack Eagles, a CPA, keeps his accounting records for his practice on the cash basis. During the current year, his clients paid $750,000 in the accounting and tax fees of which $5,000 was paid for work to be done ...
Monday, October 9, 2006 at 3:13pm

Accounting
How can I calculate the net income if I only know the assets total and liabilities total from both the beginning of the year and the end of th eyear? Net income is related calculated using revenues less expenses. Assets and liabilities are involved, but only indirectly.
Saturday, October 7, 2006 at 6:53pm

Accounting Entry
"Received $2000 from a client for financial services to be rendered next year." I am supposed to record the general journal entry for this. Would it be this: Cash $2000 A/R $2000 or what? This entry is for the last day of the fiscal year, too. Please help me, thanks...
Saturday, October 7, 2006 at 4:34pm

accounting
increases in temporary capital accounts result in an increase or a decrease in owner's equity? true what are you asking? be more spacific
Tuesday, October 3, 2006 at 10:22am

Accounting
For each of the following items, give an example of a business transaction that has the described effect on the accounting equation: Increase an asset and increase a liability: Increase one asset and decrease another asset. Decrease an asset and decrease owner's equity. ...
Sunday, October 1, 2006 at 1:57pm

Accounting
I'll start with the first part of my problem. This is a long assignment since it is a weekend one. Part 1: Incomplete Comparative Balance Sheet. The percentage of Increases/decreases are to the side. And Accumulated Depreciation is listed twice. I'm assuming that is ...
Sunday, October 1, 2006 at 1:07am

Accounting
Hi i need help with the following transactions. Right now we are learning about the accrual basis of accounting. 1.Rent Payments included $750 per month rental fee and a $900 deposit that is refundable at the end of the 2 yr lease. 2.The company manager used her personal ...
Tuesday, September 26, 2006 at 3:45pm

Accounting
Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases……………... E250,000 Freight In……………… E8,...
Friday, September 22, 2006 at 10:38am

accounting
Is there a method of determining if you debit or credit an account? How do you know if you should debit or credit a transaction? If it's a balance sheet accout you need to learn (and mrmorize) which side of the equation i't on, and it's normal balance. Assets ...
Thursday, September 21, 2006 at 8:14pm

Unit 5 - Discussion Board
Your friend Lucy slept through a class in which her professor explained the concepts of depreciation and amortization. Use the Cybrary's Accounting links and/or dictionary sources and the Internet to learn about these concepts, and then write a 4-5 paragraph explanation of...
Thursday, September 21, 2006 at 12:12am

Unit 4 - Individual project
Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases……………... E250,000 Freight In……………… E8,...
Wednesday, September 20, 2006 at 11:54pm

Management Accounting
Victoria Kite Company, a small Melbourne firm that sells kites on the Web wants a master budget for the next three months, beginning January 1, 2005. It desires an ending minimum cash balance of $5,000 each month. Sales are forecasted at an average wholesale selling price of $...
Monday, September 18, 2006 at 2:47pm

Accounting - Cash Question
"Compute the end-of-month balances for April, May, & June for the cash, accounts, receivable, and supplies." So when I compute cash for May, will I start from the cash balance from April 31st? And the same thing for June, where I will start from where the cash ...
Saturday, September 16, 2006 at 9:21pm

accounting
Wouldn't store supplies and office supplies be owner's equity? But that's what I put on my paper and I got it wrong. I always thought of them as expenses. Supplies are assets, not owner's equity. As they are used up they're expensed. At the end of some ...
Saturday, September 16, 2006 at 1:31pm

Accounting
Please Help I have no idea how to do this! I have to prepare a adjusting entry for year ended December 31, 2008 A. One third of the work related to 15,000 cash recieved in advance is performed this period. The company has a bank loan and has incurred but not recorded interest ...
Saturday, September 16, 2006 at 10:58am

Accounting
I need to make a Bond with discount and I do not know how to and where to find the instructions to do so. The part that I'm having the most trouble with is the interest, how to calculate it? HELP!
Friday, September 15, 2006 at 11:43pm

Accounting
Patty Piper recently began a swimming pool chlorination service. She visits each of her clients on a weekly basis and applies chlorine gas and other chemicals to their pools. This service in not only convenient for her clientele but is actually less costly than if the ...
Wednesday, September 13, 2006 at 6:38pm

RE: accounting
When posting a journal entry how would I post the following. March 9 Completed a 7,500 project for a client who must pay within 30 days. March 22 Received 3,500 cash as a partial payment fro the work completed on March 9 Please help immediately thanks Thank you for using the ...
Tuesday, September 12, 2006 at 8:05am

Accounting?
I need to post a journal entry and a trial balance. Can anyone help???
Monday, September 11, 2006 at 9:15pm

Accounting
I need help? The Ritz Manor is a popular seaside resort. A double room costs $220 for one night. In order to reserve a room, guests must pay one night’s stay in advance. On each floor of the hotel, Vendalite Company operates vending machines with energy bars, juices, and ...
Thursday, September 7, 2006 at 3:28pm

Accounting
I have to prepare a income statement with the following info. I don't understand it. cash 11,360 Accounts Receivable 14,000 office supplies 3,250 land 46,000 office equipment 18,000 accounts payable 8,500 owner investments 84,000 cash withdrawals by owner 2,000 consulting ...
Wednesday, September 6, 2006 at 10:48am

Introduction to Accounting
The proprietors of two businesses, L.L. Sams Company and Melinda Garcia Career Services, have sought business loans from you. To decide whether to make the loans, you have requested their balance sheet to view. L.L. Sams Company Balance Sheet August 31, 2004 Assets Cash $9,000...
Saturday, September 2, 2006 at 10:33am

accounting
hi i know this may sound stupid but i just need to clarify some things with general ledger and the trial balance. For example, i am given the post trial balance for ABC Ltd. These accounts which include cash, accounts receivable, accum dep... etc.., do i need to add on to ...
Saturday, September 2, 2006 at 9:39am

Business Environment and Recording Transactions
Give an example of a business transaction that has the described effect on the accounting equation: Increase an asset and increase a liability. Increase one asset and decrease another asset. Decrease an asset and decrease owner's equity. Decrease an asset and decrease a ...
Wednesday, August 30, 2006 at 8:59pm

accounting
Computing in the Business World Suppose you are opening a 1,000 square foot baseball card store in a shopping center. You have signed a lease that requires you to pay a monthly rent of $1.75 per square foot, plus 5% of your gross annual sales. What is the total amount of rent ...
Tuesday, August 29, 2006 at 1:09am

accounting
**PROBLEM I** 1.
Monday, August 28, 2006 at 12:22pm

I need revision and a little help-- anyone
I need to see what you all think about my post in answering the question. Also, I need to comment on a few other posts, expanding their ideas. I need help on commenting one of the student's post (below). Your friend Lucy slept through a class in which her professor ...
Saturday, August 12, 2006 at 7:11pm

Business accounting
Company 1: interested in investing in the target corp. through the sale of new stock. Company 2: interested in providing a loan to target corp. Refering to Target Corp's Financial statements, what information should be highlighted to each company. Explain any differences.
Friday, August 11, 2006 at 9:45am

Accounting-- any comments please
If someone can at least write up one comment for one of the posts based on what the teacher wants so I can use that as an example to write the other and for future posts, that would be greatly appreciated. I tend to only earn Bs because of my lack of informative comments to ...
Monday, August 7, 2006 at 10:46am

Corporate Tax
True or False: 1) To prevent triple taxation, a corporation is entitled to deduct 50% of the dividends received from other domestic corporations. 2) If the election to amortize organizational expenses is not made in the first eligible year ,the organizational expenses may not ...
Saturday, August 5, 2006 at 12:43pm

Accounting
Solve for trade accounts receivable, allowance for doubtful accounts, and prepare current assets section of balance sheet as of 12/31/04. Ending Balance Item - 12/31/03 - 12/31/04 Cash - $20,000 - $15,000 Trade accts rec - $40,000 - $??? Allowance for doubtful accts - $5,500...
Saturday, August 5, 2006 at 11:53am

english
Can you proofread this essay? Thanks! A man with the last name of Yang and his assistant tried to sell the fur of a panda cub, but the Chinese police captured them. A reporter found out that Yang and his accomplice bought their twenty-four inches long fur seven years ago from ...
Thursday, August 3, 2006 at 9:14am

Resume
for a person who has so many experiences and like to change jobs; on the objective--how would you states if you you want to advance for better advance in accounting or finance field? Please advise. Thanks, cp http://owl.english.purdue.edu/handouts/pw/index.html#sub2 ...
Saturday, July 29, 2006 at 12:28pm

Accounting
On January 1, 2006, Mythical purchased some office equipment, paying $24,000. It is anticipated that the equipment will last 4 years and have a zero salvage value at the end of the four years. 1) Make the adjusting entry for depreciation at the end of year two using the ...
Friday, July 28, 2006 at 1:29am

Accounting
When you offer services at a discount to specific clients, how do you reflect this discount on the income statement? Is there a contra-revenue account that offsets the true price of the service? I don't believe it is reflected in a catergory by itself. The income statement...
Tuesday, July 11, 2006 at 1:12pm

Accounting
1. What is it that the adjustment process actually accomplishes? 2. What would happen to financial statements if the adjustment process was skipped? 3. How does the matching principle relate to the adjusting process?
Monday, June 26, 2006 at 6:09pm

Accounting
Lock boxes Anne teak, The finanicial manager of the furniture manufactures, is considering operating a lock box system. she forcasts that 400 payments a day will be made to lock boxes with an average payment size of $2000. The bank charge for operating the lock boxes is $.40 a...
Monday, June 26, 2006 at 12:45am

Accounting ASAP
Forcasting Payments If firm pays it's bill with 30 day delay, what fraction of it's purchases will be paid for in the current quarter? I following quarter? What is it's payment delay is 60 day. Assuming that this company opened its doors on Jan 1st (no previous ...
Monday, June 26, 2006 at 12:38am

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...
Monday, June 26, 2006 at 12:34am

Accounting
Why do revenues increase capital while expenses decrease capital? Because cash is a form of capital.
Tuesday, June 20, 2006 at 12:33am

Business/Accounting Question
You are to state what will increase and/or decrease in each of the transactions described below. 1) Mythical Services sold $500 of legal services on account. 2) Mythical collected the $500 from transaction nmuber 1 above 3) Mythical purchased office furniture on account in the...
Thursday, June 15, 2006 at 12:40pm

Accounting
Adjusting enteries: 1. On august 1st, mr. borg borrowed $30,000 from a local bank on a 15 year mortage. The annual interest rate is 8%. A telephone bill in the amount of $117 covering august charges is unpaid at august 31. Although this is not my area of expertise, we do not ...
Sunday, September 4, 2005 at 7:10am

Managerial Accounting
me Embleton Company estimates that variable costs will be 40% of sales, and fixed costs will total $975,400. The selling price of the product is $6. (a) Compute the following: (Round all answers to 0 decimal places. You will need to round contribution margin to 2 decimal ...
Sunday, August 7, 2005 at 1:00pm

Calculus
The profit (in millions of dollars) from the sale of x million units of Blue Glue is given by p= .7x-25.5. The cost is given by c= .9x +25.5 (a) Find the revenue equation. (b) What is the revenue from selling 10 million units? (c)What is the break-even point...
Monday, July 4, 2005 at 9:51am

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