Wednesday
May 25, 2016

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

Physics
A very large roller coaster has an initial hill that has an 85 m drop. Note that a roller coaster has no engine. After being pulled up the first hill by a chain the train moves along the track with only gravity, normal forces due to the track, friction and air drag acting on ...
Monday, November 23, 2015 by Anonymous

Physics
A very large roller coaster has an initial hill that has an 85 m drop. Note that a roller coaster has no engine. After being pulled up the first hill by a chain the train moves along the track with only gravity, normal forces due to the track, friction and air drag acting on ...
Monday, November 23, 2015 by Hermans

accounting
Do these in a journal entries form and illustrate it:1. August 7. Bought supplies in account from Long Music Supplies, $ 2720.00. August 7. Received cash from sales $400.00. August 11. Paid cash on account to Caroline office supplies $250.00. August 11. Paid cash on account to...
Saturday, November 21, 2015 by Blessing

Comm Tech
3.)Which department is spending the least on salaries? A.)Accounting B.)IT C.)Marketing D.)Media & Design
Thursday, November 19, 2015 by YRN DJ

Accounting
In the table given below, reconstruct the remaining information using the available data. [ WHERE THE X's ARE] All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "...
Tuesday, November 17, 2015 by Sara

Accounting - Tax
Bob (age 40) and Susan (age 39) Cowen are married. Susan works as a retail manager and Rob is a self-employed electrician but does not maintain a home office. Their 2015 tax and other information are as follows: Salary – Susan 75,000 Federal withholding on salary 24,000 ...
Monday, November 16, 2015 by C

accounting and finance
5. What are the proceeds If a company issues 10 year bonds with a face value of $10,000,000 in bonds with a coupon rate of 7% and a market rate of 7.5% paying interest payments semi annually. Will they sell at a premium or a discount?
Thursday, November 12, 2015 by Anonymous

accounting and finance
4. Dividends Per Share Scan Tech Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of 2%preferred stock of $75 par, and 100,000 shares of $8 par common. During its first four years of operations, the following amounts were distributed as...
Thursday, November 12, 2015 by Anonymous

accounting and finance
3. Bond Price Walt Disney 7% bonds due in 2032 were recently selling for 149.01. Are the bonds selling at a premium or discount? Is the coupon rate higher or lower than the market rate? Will the proceeds from the bond be more or less than the face value?
Thursday, November 12, 2015 by Anonymous

accounting and finance
The dates of importance in connection with a cash dividend declared and paid of $375,000 on a corporation's common stock are June 6, July 15, and August 14, Match the dates to what they are called: Date of Record, Date of Declaration, Date of Payment
Thursday, November 12, 2015 by Anonymous

accounting and finance
1.Yukon Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada, Montana, Idaho, Oregon, and Washington. Yukon Bike Corp. has declared the following annual dividends over a six-year period ending December 31 of each year: Year 1, $28,000; ...
Thursday, November 12, 2015 by Anonymous

accounting
On January 1, 2013, National Insulation Corporation (NIC) leased office space under a capital lease. Lease payments are made annually. Title does not transfer to the lessee and there is no bargain purchase option. Portions of the lessee's lease amortization schedule appear...
Wednesday, November 11, 2015 by Anonymous

accounting
On January 1, 2013, Sweetwater Furniture Company leased office space under a 21-year operating lease agreement. The contract calls for annual rent payments on December 31 of each year. The payments are $19,000 the first year and increase by $350 per year. Benefits expected ...
Wednesday, November 11, 2015 by Anonymous

accounting
December Interest on a bank loan is due on January 2nd of the following year: accrue $1,000. How do u record interest expense and interest payable on a journal ledger? Would you record interest expense on the debit side and interest payable on the credit side?
Monday, November 9, 2015 by Brandy

Accounting
When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $104 per share, and 78,...
Sunday, November 8, 2015 by ryan

finance and accounting
Identify several ways in which you currently use accounting information in your life as a student. Also identify several situations in which, while you are still a student, you might be required to supply financial?
Sunday, November 8, 2015 by Munazza

MBA ( accounting)
Identify several ways in which you currently use accounting information in your life as a student. Also identify several situations in which, while you are still a student, you might be required to supply financial information about yoursekf to others
Sunday, November 8, 2015 by Munazza

mba
identify several ways you current use accounting information in student life
Friday, November 6, 2015 by maryam

Accounting
Chef Gourmet, Inc., has assembled the following data pertaining to its two most popular products. Blender Food Processor Direct material $ 18 $ 33 Direct labor 12 27 Manufacturing overhead @ $48 per machine hour 48 96 Cost if purchased from an outside supplier 60 114 Annual ...
Thursday, November 5, 2015 by Rebekah

English
Original sentence: The job demands computer skills, math ability and with accounting background. Correct Sentence:1. The job demands computer skills, math ability with accounting skills. Original Sentence: My sister in not only a talented musician, but she is also teach with ...
Saturday, October 31, 2015 by jennifer

Accounting
How do i calculate this problem. An asset was purchased for $73,000, current acc'd depreciation is $13,800, asset is expected to have a useful life of 8 years, and be sold for an estimated $600, what is the new annual depreciation amount, here is my computation Purchase ...
Friday, October 30, 2015 by Mal

Economics
Secondhand smoke globally kills more than 600,000 people each year, accounting for 1 percent of all deaths worldwide. Researchers estimate that annually secondhand smoke causes about 379,000 deaths from heart disease, 165,000 deaths from lower respiratory disease, 36,900 ...
Friday, October 30, 2015 by Emily

Amadlelo aluhlaza SS
I Lungelo would like to know tat are there any chances for a person who is doing Accounting.Business study.Economics and Maths Literacy to become a paramedic?
Tuesday, October 27, 2015 by Lungelo

Accounting
At the beginning of the year, Keller Company's liabilities equal $75,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $16,000 during the year. What are the beginning and ending amounts of equity?
Tuesday, October 27, 2015 by TA

mathematics literacy,CAT,economics,accounting
Can i study to be a economist with thesr subjects?
Wednesday, October 21, 2015 by kulani

burnwood secondary school
What job can I do with History life sciences and accounting
Monday, October 19, 2015 by nonhle

NON PROFIT ACCTNG
Three accountants started talking about hospitals. One said he was treated at a not-for-profit hospital, another said she was treated at a county hospital, and the third said he had just returned from the hospital run by the U.S. Veterans Administration. They wondered why ...
Monday, October 12, 2015 by Anonymous

Accounting
In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 260 units at $5, (2) 360 units at $7, and (3) 460 units at $8. Assuming there are 160 units on hand at the end of the period, compute the cost of the ending ...
Monday, October 12, 2015 by Allie

Accounting 2
Coldfoot Corp. estimates that its 20-1 income tax will be $74,000. Based on this estimate, it will make four quarterly payments of $18,500 each on April 15, June 15, September 15, and December 15.
Sunday, October 4, 2015 by Norman A George

BHISHO HIGH
CAN U HELP ME CAUSE I WILL DOING ACCOUNTING NEXT YEAR BUT STILL I HATE MATHEMATICS,IS GOOD FOR ME TO DO ACCOUNTING?
Thursday, September 24, 2015 by BONGA

Physic
A quarterback (QB) is running at 3.2 m/s at an angle of 25 degrees with x axis as shown in the sketch. At the moment he's at the origin (x = y = 0) he throws the football to a receiver which is stationary located at the coordinates x = 10 meter, y = 6 meter. The total ...
Thursday, September 24, 2015 by elle

Accounting Principles I
I have been trying to figure this out forever and just can't. Here is the problem: Reported sales of $300,000 write-offs of uncollectible accounts of $10,000 against the allowance for doubtful accounts and a decrease in net accounts receivable of $40,000 during 2014. What ...
Friday, September 18, 2015 by Steph

Magoni secondary school
accounting. economic. business studies n maths literacy if am doing those subject wch career can l get plz help me
Saturday, September 12, 2015 by Sandra mukwevho

accounting
bought goods on credit from Tom with a list price of 2000, less 10% trade discount
Saturday, September 12, 2015 by Anonymous

accounting
Event: One stockholder reported to the company that 330 shares of his East Hill stock had been sold and transferred to another stockholder for $3,700 cash. what effects does this event have on the balance sheet of a company? How do I input this in the balance sheet (asset= ...
Friday, September 11, 2015 by linda

Intermediate Accounting
cheery Company follows IFRS for its financial reporting. On January 1, 2015 Cheery issued $250 million of 10-year convertible notes that pay interest at 5% annually. Investors pay $250 million for the notes even though the company's credit risk at the time implies a 10% ...
Tuesday, September 8, 2015 by Dianna

Accounting
XO company sold merchandise on account to Brandy company, $14000 , terms FOB shipping point, 2/10, n/30. XO company paid transportation costs of $350, which were added to the invoice. The cost of the merchandise sold was $8000
Tuesday, September 8, 2015 by Miaa

Accounting
Department S had no work in process at the beginning of the period , 18,000 units were started during the period, 2,000 units were 30% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the ...
Thursday, September 3, 2015 by Andrew

Accounting
The Major Issue in inventory accounting is: A. determining whether to take inventory using cycle counts as opposed to counting all inventory only at the end of the year. B. deciding whether to maintain records on a periodic or perpetual basis. C. determining what goods to ...
Thursday, August 20, 2015 by Dianna

accounting
surplus better off than deficit worse off
Monday, August 17, 2015 by Happy

accounting
to what extent a country that runs a consistent balance of payment surplus "better off" than is counterparts running deficit?
Monday, August 17, 2015 by Happy

Accounting
Samantha owned 1,000 shares in Evita, Inc. an S corporation, that uses the calendar year. On October 11, 2010, Samantha sells all of her Evita stock. Her basis at the beginning of 2010 was $60,000. Her share of the corporate income for 2010 was $22,000, and she receives a ...
Saturday, August 15, 2015 by Jay

Masiphathisane
What Career Iwill Have To Choose If I'm Doing Maths Lit And Accounting After Grade12
Saturday, August 15, 2015 by Asanele Ngxito

Accounting
In the context of determining fair value, the exit price refers to: A. The amount the firm would receive if it sold a given asset. B. Amount the firm would pay if it bought an asset of the same type and condition as the one being valued. C. Sum of the future cash flows ...
Wednesday, August 12, 2015 by Anthony

Accounting
Revenue is earned when: A. Contract is signed by both parties B. The seller substantially completes performance required by an agreement C. Buyer completes payment required under an agreement D. The buyer accepts delivery and completes required payments. Answer: D
Tuesday, August 11, 2015 by Anthony

Fundulwazi(mathematical literacy, CAT, Economics and Accounting )
what career can i follow with these subjects? (Mathematical Literary, Economics, Accounting and CAT)
Monday, August 10, 2015 by Precious

Maths Lit, Accounting, Economics, Business Studies
I am a grade 10 learner doing Maths Literacy, Accounting, Business Studies, Economics, Life Orientation, English and Afrikaans I want to know what Degree I can study in University and also to check what career path I would be able to do.
Wednesday, August 5, 2015 by Andy

accounting
frustrated been working on this for over three hours and now my mind has drawn a blank help please. Meriden Company has a unit selling price of $500, variable costs per unit of $250, and fixed costs of $202,750. Compute the break-even point in units using the mathematical ...
Tuesday, August 4, 2015 by Anoymous

accounting
A doctor's office paid $18,000 on insurance for a full year. What will be the balance of the prepaid expense after 8 months?
Monday, August 3, 2015 by delmara

Managerial Accounting
Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs $78,000 new. It would last the bakery for ten years but would require a $9,000 overhaul at the end ...
Saturday, August 1, 2015 by Kat

Managerial Accounting
Inmelt Corp charges price of $6.50. Total Fixed Cost is 314,400. per year, break-even point is 131,000 units. What is the variable cost per unit.
Saturday, August 1, 2015 by Anonymous

financial accounting
want to know sbp bsc ratio analysis 2010 to 2014
Friday, July 31, 2015 by amina

Managerial Accounting
Direct materials: 7 microns per toy at $0.32 per micron Direct labor: 1.2 hours per toy at $6.80 per hour During July, the company produced 4,600 Maze toys. Production data for the month on the toy follow: Direct materials: 70,000 microns were purchased at a cost of $0.31 per ...
Friday, July 31, 2015 by Kat

accounting
I got the first two parts of this three part question figured out but I can't figure the last part here it is Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $327,600 for the year, and machine ...
Thursday, July 30, 2015 by Anoymous

accounting
What entry in account journalizing this would be: Mr. W made a additional payment of 2k by issuing a 60 day note. Thank you!
Wednesday, July 29, 2015 by Colleen

Accounting,business studies,economics,math literacy
What kind of job can i get ?
Tuesday, July 21, 2015 by Sinethemba

maths lit,economics,accounting,tourism,busine stud
i am doin these subject...an i wanna do financial management.is it possible for me without mathematics
Tuesday, July 21, 2015 by zola

accounting
If fixed costs are $700,000 and the unit contribution margin is $17, what amount of units must be sold in order to realize an operating income of $100,000?
Sunday, July 19, 2015 by chrissi

accounting,economics,maths lit and business studies
which career can i choose if i'm doing this career,help me please
Saturday, July 18, 2015 by Nomfundo

Accounting
Assume that Esquire consulting erroneously recorded the payment of $30,000 of dividends as salary expense. How would this error affect the equality of the accounting equation? How would this error affect the income statement, retained earnings statement balance sheet and ...
Friday, July 17, 2015 by jasmine

non-for-profit
(Accounting standards-setting bodies) Three accountants started talking about hospitals. One said he was treated at a not-for-profit hospital, another said she was treated at a county hospital, and the third said he had just returned from the hospital run by the U.S. Veterans ...
Wednesday, July 15, 2015 by Angie

xibukulana
what are the course can I study with maths literacy, accounting, business studies and economics
Tuesday, July 14, 2015 by Nhlamalani

Strandfontein S.S.S.
I would like to know some option of careers i can do with following subjects including to become an air hostess pls? My June 2015 results is as follow but my percentages were higher for 1st term and i dropped between 5% - 9% in all subjects English 71% Afrikaans 59% Life ...
Saturday, July 11, 2015 by Cindy W

Accounting
If a hotel rents a room for $2500. and there is an advance payment of $500, how is this posted in the city ledger
Thursday, July 9, 2015 by Judy

Meriti secondray school.
What can I be or what can be come with Accounting and Business study and Maths lit plzzzz help me
Friday, July 3, 2015 by Tshepo Phinda

Accounting
During 2015, the assets of Hilyer's Crematorium rose by $47,000 and its liabilities rose by $40,000. No additional investments were made. Assuming net income for the period is $12,000, what was the amount of withdrawals in 2015? I feel like I'm missing some needed info...
Monday, June 29, 2015 by Wes

economics,business studies,maths lit n accounting
I want to study nursing can I still study it with the subject that I dd in grade 12
Friday, June 26, 2015 by promise mogogorwane

Accounting
Mushroom Company, a retail company, has two departments, "G" and "S". The company's most recent monthly contribution format income statement is presented below. ...................................Total​..................................G.....&#...
Monday, June 1, 2015 by kiki

International Accounting
On December 1, Year1, El Primero Company purchases inventory from a foreign supplier for 40,000 coronas. Payment will be made in 90 days after El Primero has sold this merchandise. Sales are made rather quickly and El Primero pays this entire obligation on February 15, Year 2...
Thursday, May 28, 2015 by David

Criminal Justice
Which of the following is an example of a white collar environmental crime? A. The cover-up of research findings about asbestos-caused diseases by several of the largest asbestos producers in the United States B. The nationwide savings and loan disaster in the 1980s involving ...
Saturday, May 23, 2015 by Amy

BUS 599
According to double-entry accounting, which of the following is a correct statement regarding transactions?
Saturday, May 23, 2015 by Katy

Managerial Economics
Soft selling occurs when a buyer is skeptical of the quality or usefulness of a product or service. For example, suppose you’re trying to sell a company a new accounting system that will reduce costs by 10%. Instead of asking for a price, you offer to give them the ...
Wednesday, May 20, 2015 by Jutee

accounting
multiplying the standard price of direct materials by the standard quantity for direct materials yields:
Wednesday, May 13, 2015 by Anonymous

Accounting
Flip Company's December 31, 2014 trial balance is as follows: Flip Corporation Trial Balance December 31, 2014 Account Debit Credit Cash $43,500 Accounts Receivable 54,500 Allowance for Doubtful Accounts 500 Notes Receivable 30,000 Merchandise Inventory 55,000 Land 20,000...
Saturday, May 9, 2015 by Shawn

Accounting
Gorton Corporation has 30,000 shares of $10 par value common stock outstanding when it announces a 2-for-1 stock split. Before the split, the stock had a market price of $120 per share. After the split, how many shares of stock will be outstanding? Common Stock Outstanding? ...
Thursday, May 7, 2015 by Anonymous

accounting 100
The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2014: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 Advertising expense 21,000 Cash 15,000 Owner’s ...
Thursday, May 7, 2015 by Terry

accounting
What is the closing entry to allocate a net income of $48,000 to Sara, Ellen, and Mary? Respective capital balances are $30,000, $40,000, and $30,000. No agreement was made for division of income. A. Debit Income Summary $48,000; credit Sara’s Capital $16,000; credit ...
Tuesday, May 5, 2015 by Emi

Accounting
O'Neill Co. has $296,000 in accounts receivable on January 1. Budgeted sales for January are $860,000. O'Neill expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the ...
Tuesday, May 5, 2015 by Cindy Floyd Gray

accounting
Explain how shaving 5% off the estimated direct labor hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year.
Monday, May 4, 2015 by Kemi Johnson

accounting
As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March of 2012 were as follows: $120,000, $140,000 and $150,000. 20% of each month’s sales are for cash. Of the remaining 80% (the credit ...
Sunday, May 3, 2015 by shane

Introduction to business
2. Ida works on creating ways to ensure that customers receive goods at the right time and correct location. Ida is involved in her firm's ________ strategy. A. pricing B. transportation C. product D. promotion 3. Mario is part of a strategic planning team. He has ...
Friday, May 1, 2015 by tony

Accounting 111
Would the loss on retirement of long-term debt be added to or deducted from net in come in determining net cash flow from operating activities by the indirect method?
Wednesday, April 29, 2015 by Rochelle

Accounting
DeWeese Corporation issues $400,000 of 8%, 5-year bonds on January 1, 2015, at 105. Assuming that the straight-line method is used to amortize the premium, what is the total amount of interest expense for 2015?
Monday, April 27, 2015 by Anonymous

Accounting
Louis Welch is general manager of United Salons. During 2014, Welch worked for the company all year at a $10,200 monthly salary. He also earned a year-end bonus equal to 10% of his annual salary. Welch’s federal income tax withheld during 2014 was $850 per month, plus $...
Monday, April 27, 2015 by Anonymous

Managerial accounting
well, I am doing direct material budget, and already have my production budget. for example for the quarter, for January I get 950, and cost for Direct material it says to be $8/unit, but it does not say the units need for production, so im confused. normally you will multiply...
Wednesday, April 22, 2015 by Mike

accounting
Not recording the Prepaid Rent used causes A. assets to be too high. C. expenses to be too high. D. revenue to be too high. My answer is A
Wednesday, April 22, 2015 by Emi

accounting
A debit increases the balance in all of the following accounts except for which one? A. Cash B. Withdrawals C. Expenses D. Accounts payable My answer is D
Tuesday, April 21, 2015 by Emi

accounting
A debit increases the balance in all of the following accounts except for which one? A. Cash B. Withdrawals C. Expenses D. Accounts payable My answer is D
Tuesday, April 21, 2015 by Emi

accounting 100
Moteki Company accumulates the following adjustment data at December 31.
Tuesday, April 21, 2015 by Terino

non profit Accounting
The mayor of a large city approaches a group of citizens and suggests that they form an organization to provide social, educational, and recreational programs for local youth. The group agrees and forms an entity called the Community Youth Organization (CYO). The group also ...
Sunday, April 19, 2015 by mary

Accounting/Finance
Temte Corporation is authorized to issue 1,000,000 shares of no-par common stock and 250,000 shares of 6 percent, $25 par value, cumulative preferred stock. These events affected stockholders’ equity during the first year of operations: 1. 125,000 shares of common stock ...
Friday, April 17, 2015 by Lauren

College Accounting
The Thompson Company uses activity-based costing to determine product cost. Three activities and their rates have been calculated as shown below. Setting up equipment = $500 per setup Moving goods = $20 per move Machining = $4 per machine hour Thompson provided the following ...
Friday, April 17, 2015 by K

Accounting
Chef Gourmet, Inc., has assembled the following data pertaining to its two most popular products. Blender Food Processor Direct material $ 21 $ 30 Direct labor 14 42 Manufacturing overhead @ $52 per machine hour 52 104 Cost if purchased from an outside supplier 71 140 Annual ...
Thursday, April 16, 2015 by Sarah

Accounting
ZIMMER LANDSCAPING COMPANY Trial Balance April 30, 2014
Wednesday, April 15, 2015 by Terino

Accounting
ZIMMER LANDSCAPING COMPANY Trial Balance April 30, 2014
Wednesday, April 15, 2015 by Terence

Accounting
Adelphia Corporation, which uses absorption costing, just completed its first year of operations. Planned and actual production equaled 13,000 units, and sales totaled 11,700 units at $184 per unit. Cost data for the year are as follows: Direct material (per unit) $ 37 ...
Wednesday, April 8, 2015 by Sarah

Accounting
Adelphia Corporation, which uses absorption costing, just completed its first year of operations. Planned and actual production equaled 13,000 units, and sales totaled 11,700 units at $184 per unit. Cost data for the year are as follows: Direct material (per unit) $ 37 ...
Wednesday, April 8, 2015 by Sarah

accounting
The following are examples of errors that will not be revealed by a trial balance: (a) errors of omission (b) incorrect total on trial balance (c) posting to the wrong account (d) compensating errors (e) The balance of a general ledger account has been incorrectly calculated.
Tuesday, April 7, 2015 by masina

Accounting
Bus Acquired Cost Salvage Value Useful Life in Years 1 1/1/13 $98,100 8,000 5 (straight-line) 2 1/1/13 129,000 11,900 5 (decline balance) 3 1/1/14 79,780 8,200 4 (units-of-activity) For the declining-balance method, the company uses the double-declining rate. For the units-of-...
Monday, April 6, 2015 by Anonymous

Accounting
1/2/15 Purchased patent (6-year life) $521,580 4/1/15 Goodwill purchased (indefinite life) 395,170 7/1/15 14-year franchise; expiration date 7/1/2025 519,400 9/1/15 Research and development costs 169,890 Prepare the necessary entries to record these intangibles. All costs ...
Monday, April 6, 2015 by Anonymous

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Homework Help: Business