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April 20, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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Accounting
A firm's __________ account is categorized as a current asset. A. equipment B. accounts payable C. bonds payable D. merchandise inventory D
Thursday, December 19, 2013 at 8:10pm

Accounting
__________ accounts show the amount of money owed to the firm by customers. A. Supply B. Prepaid C. Receivables D. Payables C
Thursday, December 19, 2013 at 8:08pm

Accounting
These are really accounting problems
Thursday, December 19, 2013 at 8:05pm

Fin/571
3. Bell Mountain Vineyards is considering updating its current manual accounting system with a high-end electronic system. While the new accounting system would save the company money, the cost of the system continues to decline. The Bell Mountain’s opportunity cost of ...
Monday, December 16, 2013 at 10:21pm

accounts
I need help in a project on 'accounting process' . It should begin with a storyline in which a buisness have to be chosen(i have chosen a tyres dealer). Then transactions taking place between 1 april 2013 to 30 june 2013(accounting period is 3 months). It should ...
Sunday, December 15, 2013 at 4:46am

Maths literacy,business,acounting,economics
If i study (business,economics,accounting and maths literacy) what different kind of career or job
Wednesday, December 11, 2013 at 7:38am

accounting
Which of the following capital budgeting methods explicitly takes the time value of money into consideration?
Tuesday, December 10, 2013 at 5:49pm

accounting
the most useful measure for evaluating a managers performance in controling revenues and costs in a profit center is
Tuesday, December 10, 2013 at 5:21pm

Financial Accounting
After all events have been recorded, Lang's obligations to creditors represents what percent of total assets? a).record the events under an accounting equation b. After all events have been recorded, Lang's obligations to creditors represents what percent of total ...
Monday, December 9, 2013 at 4:03pm

Accounting
Compute the amount that a $15,000 investment today would accumulate at 9% (compound interest) by the en of 6 years.
Sunday, December 8, 2013 at 7:19pm

Accounting for Managers
Theoretical capacity reduced by normal and anticipated work stoppages is called:
Thursday, December 5, 2013 at 8:01pm

Accounting for Managers
Theoretical capacity reduced by normal and anticipated work stoppages is called:
Thursday, December 5, 2013 at 7:59pm

Accounting
Gary is the GOAT
Wednesday, December 4, 2013 at 6:04pm

Accounting
Create an adjusted trial balance & journal entries Bank charges of $932.70 were not recorded in the books for 2014. These were credit card fees charged by the bank for Edwards, INC accepting credit cards from their customers. The charges were recorded accurately on the bank ...
Wednesday, December 4, 2013 at 1:36am

HTT / 230
Can you please tell me if i am on the right tract i more to do and want to see if i am understanding it. Review the SEC website at sec and the FASB Web site at fasb Identify the mission and main activities of each organization. What are the similarities and differences in the ...
Tuesday, December 3, 2013 at 2:16pm

business law
*The below is a scenario in which I have to make an IRAC for (not sure if you know what that is) but read the scenario and see if "Faye" is able to leave legally without ramifications. You must also list the legal rules that apply to this scenario..(for example, if ...
Monday, December 2, 2013 at 3:10pm

Accounting
2. false
Tuesday, November 26, 2013 at 8:55am

Accounting
How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?
Sunday, November 24, 2013 at 11:34am

Principles of Accounting I - 29
The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital balance reported?
Saturday, November 23, 2013 at 4:05pm

Accounting
Hawkeye Electric Company engaged in the following transactions during July. Journalize the preceding transactions on the books of Hawkeye Electric Company using the perpetual system of inventory. July 2 – Purchased inventory for cash, $800 July 5 – Purchased store ...
Saturday, November 23, 2013 at 3:43pm

Accounting
Here is the income statement with all the numbers and accounts (This is a university in Canada by the way) i42. tinypic. com/ ws4i91. jpg (copy and paste without the spaces)
Saturday, November 23, 2013 at 1:04pm

Accounting
I am doing a report on finding the major challenges in the future of my university with regards to their revenue and expenses. I have to discuss the main financial obstacles faced by the university and explain why each presents problems with future planning / budgeting. On the...
Saturday, November 23, 2013 at 12:42pm

Accounting
A = 500000 b = 40
Friday, November 22, 2013 at 11:06pm

Business
Have there been more accounting errors?
Friday, November 22, 2013 at 11:16am

Business
Why do you think there have been so many accounting scandals in recent years?
Friday, November 22, 2013 at 9:41am

accounting
Harry and Sally were divorced three years ago. In July of the current year, their son, Joe, broke his arm falling out of a tree. Joe lives with Sally and Sally claims him as a dependent on her tax return. Harry paid for the medical expenses related to Joe’s injury. Can ...
Monday, November 18, 2013 at 12:31pm

College Accounting
A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods. If required, round ...
Monday, November 18, 2013 at 8:26am

accounting
Exercise 5-3 Analyzing and recording merchandise transactions-both buyer and seller LO P1, P2 Santa Fe Company purchased merchandise for resale from Mesa Company with an invoice price of $16,000 and credit terms of 3/10, n/60. The merchandise had cost Mesa $10,912. Santa Fe ...
Sunday, November 17, 2013 at 7:53pm

Business 101
1. Carmen Santiago works for a number of businesses as a “consultant.” She has helped design accounting systems, provided accounting services, and analyzed the financial strength of her clients’ businesses. Carmen is working as a A. public accountant. B. ...
Sunday, November 17, 2013 at 6:59pm

Business 200
Carmen Santiago works for a number of businesses as a consultant. She has helped design accounting systems,provided accounting services,and analyzed the financial strength of her clients'businesses. Carmen is working as a?
Sunday, November 17, 2013 at 6:19pm

understanding and managing money
Carmen Santiago works for a number of businesses as a consultant. She has helped design accounting systems,provided accounting services,and analyzed the financial strength of her clients'businesses. Carmen is working as a?
Sunday, November 17, 2013 at 5:48pm

accounting
How would you summarize Apple’s cash flow position and what does this statement tell you about where the money is coming from and where it’s going? What should Apple do to improve its cash position and why?
Thursday, November 14, 2013 at 5:06pm

accounting
BE = 900(25-5) = 450 Margin safety = budgeted - break even 1000-450 = 550 550(25)-450(25) = 2500 Percentage = 2500/(550*25) = 18.18% None of these
Thursday, November 14, 2013 at 12:47am

accounting
Pattillo Industries makes a product that sells for $25 a unit. The product has a $5 per unit variable cost and total fixed costs of $9,000. At budgeted sales of 1,000 units, the margin of safety percentage is 45%, 55%, 64%, none of these
Thursday, November 14, 2013 at 12:23am

Accounting
1.Calculate Genentech’s annual sustainable growth rate for the years 2003–2007. 8. a. Genentech’s sustainable growth rates are 2003 2004 2005 2006 2007 Sustainable growth rate (%) 10.6 12.0 19.0 28.6 29.3 2. Did Genentech face a growth management challenge ...
Wednesday, November 13, 2013 at 8:23am

business accounting
Current Bill $25.00 Monthly rate -$5.00 Sub Total $20.00 $20.00/ $.10 = 200 minutes
Wednesday, November 13, 2013 at 4:10am

business accounting
the long distance company that you use charges $5.00 per month and $0.10 per minute per call. If your current bill is $25.00, how many minutes did you use?
Wednesday, November 13, 2013 at 1:45am

accounting
The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000, if sales increase to $110,000, profits would be expected to increase by what percent?
Wednesday, November 13, 2013 at 12:02am

Accounting
The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Stated Value-Common Stock ...
Tuesday, November 12, 2013 at 9:03pm

Accounting
The comparative statements of Lucille Company are presented here. LUCILLE COMPANY Income Statements For the Years Ended December 31 First number are 2012 2012 then 2011 Net sales $1,890,540 $1,750,500 Cost of goods sold 1,058,540 1,006,000 Gross profit 832,000 744,500 Selling...
Tuesday, November 12, 2013 at 1:42pm

accounting
A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + Accounts Receivable...
Saturday, November 9, 2013 at 6:08pm

accounting
jh
Friday, November 8, 2013 at 6:43pm

accounting
Example Inventory Jan 1 5000 @ $9= 45000 Purchase June 18 4500@$8 = 36000 Nov 8 3000 @ $7 = 21000 $102000 Total sold 12500 Under FIFO 2000 units last each cost 7 = $14000 COGS = $102000-$14000 = $88000 Weight-average cost unit 102000/12500 = $8.16 Sales Ending 2000 * 9 = $...
Thursday, November 7, 2013 at 1:30am

accounting
a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inventory method. what is the difference in taxes if LIFO rather than fifo is used?
Thursday, November 7, 2013 at 12:14am

accounting
a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inventory method. what is the difference in taxes if LIFO rather than fifo is used?
Thursday, November 7, 2013 at 12:11am

Accounting 2 goes with the 1st question
Split common stock 4 to 1 and reduced PAR from $80 to $20. After the split there were 600,000 shares.
Wednesday, November 6, 2013 at 2:56pm

Accounting 2
Split common stock 4 to 1 and reduced PAR from $80 to $20. After the split there were 600,000 shares.
Wednesday, November 6, 2013 at 2:55pm

Accounting 2
Declared semiannual dividends of $1.20 on 75,000 shares of preferred stock and $0.08 on the 600,000 shares of $20 par common stock to stockholders of record on March 31, payable on April 30.
Wednesday, November 6, 2013 at 2:53pm

Accounting
yes
Tuesday, November 5, 2013 at 11:39am

Accounting
hel
Monday, November 4, 2013 at 11:20am

Accounting
Genentech, Inc. is a California-based biotech pioneer recently acquired by Swiss pharmaceutical giant Roche Holding AG. Roche paid $46.8 billion in cash for the 44 percent of Genentech it did not already own, implying a market value of over $100 billion for the entire company...
Saturday, November 2, 2013 at 3:39pm

Accounting
Montana Company produces basketballs. It incurred the following costs during the year. Direct materials: $14,032 Direct Labor: $25,706 Fixed manufacturing overhead: $9,698 Variable manufacturing overhead: $32,164 Selling Costs: $21,176 What are the total product costs for the ...
Friday, November 1, 2013 at 4:50pm

accounting
Jane and Walt form Orange Corporation. Jane transfers equipment worth $475,000 (basis of $100,000) and cash of $25,000 to Orange Corporation for 50% of its stock. Walt transfers a building and land worth $525,000 (basis of $200,000) for 50% of Orange’s stock and $25,000 ...
Friday, November 1, 2013 at 4:20pm

Accounting - please check my answers
For #3 I have an adjusting entry: 15 Jan A/P 6000 Cash 6000 For #4 I have two adjusting entries, one for each event.
Thursday, October 31, 2013 at 11:47am

Accounting - please check my answers
Dogwood florist opened a business January 1st 2010. During 2010, they had the following transactions and economic events. For each of the transactions and economic events prepare the adjusting entries and show the related transaction entries at the date that each would be made...
Wednesday, October 30, 2013 at 6:36pm

accounting
a. 115377060
Monday, October 28, 2013 at 1:32pm

accounting
In addition, assume that Anheuser-Busch InBev sold 200 million barrels of beer during the year. Assume that variable costs were 75% of the cost of goods sold and 40% of selling, general and administration expenses. Assume that the remaining costs are fixed. For the following ...
Monday, October 28, 2013 at 10:51am

accounting
Parsa Real Estate is a company that buys and rents real estate. The company is looking into buying an office building for $1M.Thebuilding has 10,000 square feet of rentable office space. The company analysts predict that they can rent the office space for $6 per square foot ...
Monday, October 28, 2013 at 4:36am

accounting
Break even = 67200(p-VC) 2400 = 67200/(p-42) 2400(p-42) = (p-42)(67200/(p-42)) 2400p -100800 =67200 2400p -100800 +100800 = 67200 + 100800 2400p = 168000 2400p/2400 = 168000/2400 P = $70
Saturday, October 26, 2013 at 1:41am

accounting
using the break-even equations to solve for price and variable cost per unit andromeda company's break-even point is 2,400 units. variable cost per unit is $42; total costs are 67,200 per year. what price does andromeda charge?
Friday, October 25, 2013 at 10:16pm

Accounting
no
Thursday, October 17, 2013 at 9:39pm

Accounting
The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. NELSON COMPANY Unadjusted Trial Balance January 31, 2013 Debit Credit Cash $ 26,150 Merchandise inventory 14,500 Store supplies 5,000 Prepaid insurance 2,100 Store equipment 42,800 ...
Wednesday, October 16, 2013 at 5:51pm

accounting
PV = paym( 1 - (1+i)^-n)/i = 10000(1 - 1.08^-10)/.08 = $ 57,466.39
Tuesday, October 15, 2013 at 10:20pm

accounting
You won a lottery which pays $10,000 per year for 10 years (at the end of each year). Assuming a discount rate of 8% calculate the present value of your expected winnings
Tuesday, October 15, 2013 at 9:51pm

Accounting
The owner's equity of Logan's company is equal to one quarter of the total assets. Liabilities equal $60,000. What is the amount of owner's equity?
Monday, October 14, 2013 at 2:15pm

accounting 1
help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. may 15, paid ...
Monday, October 14, 2013 at 12:23pm

accounting 1
help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. may 15, paid ...
Monday, October 14, 2013 at 12:22pm

fundamentals of accounting 1
journalizing payroll transactions, for Keller Systems;Inc, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. paid cash for semimonthly payroll. total earnings...
Monday, October 14, 2013 at 9:42am

Accounting
399,000
Sunday, October 13, 2013 at 9:54pm

managerial accounting
Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?
Saturday, October 12, 2013 at 6:26am

accounting
10
Wednesday, October 9, 2013 at 4:39pm

Accounting
0.12 * 80,000 = ?
Tuesday, October 8, 2013 at 6:05pm

Accounting
What is 20% of $80,000
Tuesday, October 8, 2013 at 5:58pm

finanical accounting
Assume that you are the president of Gaslight company. At the end of the year (December 31, 2011 of operation.
Monday, October 7, 2013 at 3:38pm

Accounting
Describe the mechanisms that WorldCom’s management used to transfer profit from other time periods to inflate the current period.
Saturday, October 5, 2013 at 3:13am

business
The type of accounting concerned with providing information and analyses to managers within the organization is referred to as
Thursday, October 3, 2013 at 11:32pm

Accounting - Writing
What in the world is UOIT? Start with a list of the stakeholders. You have to know who your target audience is before you can figure out what to include in the research and writing. Alumni All the different department or division chairs ... (what else can you think of?)
Wednesday, October 2, 2013 at 6:48pm

Accounting - Writing
UOIT has recently appointed you to prepare an independent consulting report to analyze the university’s current financial position and to provide some recommendations for improvement. Before you begin your analysis, you decide to identify UOIT’s various stakeholders...
Wednesday, October 2, 2013 at 6:20pm

accounting
balance of the accounts with normal credit balance Joseph - capital $25,400 Accounts payable $12,000 Total $37,400
Tuesday, October 1, 2013 at 8:43am

macroeconomic
Secondhand smoke globally kills more than 600,000 people each year, accounting for 1 percent of all deaths worldwide, according to a new study. . . . Researchers estimated that annually secondhand smoke causes about 379,000 deaths from heart disease, 165,000 deaths from lower ...
Saturday, September 28, 2013 at 1:26pm

accounting
47410
Thursday, September 26, 2013 at 3:21pm

accounting
47410
Thursday, September 26, 2013 at 3:21pm

accounting
The list of accounts below and the unadjusted balances of these accounts were taken from the ledger of the Manville Corporation at the end of their accounting period, March 31, 20X2: Cash $ 3,995 Accounts Receivable 13,240 Allowance for Doubtful Accounts 120 Inventory—...
Wednesday, September 25, 2013 at 5:09pm

Principles of Accounting
I need help understanding my Accounting 205 class. Would some one please help me understand what I am having such a hard time comprehending.
Tuesday, September 24, 2013 at 9:13pm

Accounting
Why is the cash basis of accounting not used when preparing financial statements?
Tuesday, September 24, 2013 at 8:55pm

Accounting
You received an email from Carl the operations manager from the California Container division. They produce packaging for cell phones. Carl understands that his product is an important cash producer for the company. •The delivery price is based on long term contracts. &#...
Tuesday, September 24, 2013 at 10:09am

Accounting
The answer for this question is not here. The answer is $72,000
Monday, September 23, 2013 at 1:26pm

Accounting 1
And your answer is?
Saturday, September 21, 2013 at 3:19pm

Accounting 1
The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to $6,000. $2,400. $3,000. $3,500.
Saturday, September 21, 2013 at 2:58pm

I need help answering this Accounting question!?
de
Friday, September 20, 2013 at 1:55pm

accounting
A recent cash budget showed estimated cash receipts of $159,000, estimated cash disbursements of $155,000, and a desired ending cash balance of $6,000, with no borrowing of funds. The beginning cash balance was:
Thursday, September 19, 2013 at 3:21pm

Accounting
17700
Wednesday, September 18, 2013 at 7:10pm

Accounting
Because in a manufacturing firm the inventory is being manufactured. The stock is not purchased whole but by parts. Compare and contrast what needs to be inventoried in each case.
Wednesday, September 18, 2013 at 6:09pm

Accounting
Why is it more difficult to account for the inventory of a manufacturing firm than for that of a merchandising firm?
Wednesday, September 18, 2013 at 4:54pm

Accounting
Dividing Partnership Income Desmond Drury and Ty Wilkins have decided to form a partnership. They have agreed that Drury is to invest $44,700 and that Wilkins is to invest $104,300. Drury is to devote full time to the business, and Wilkins is to devote one-half time. The ...
Tuesday, September 17, 2013 at 8:11pm

FIN
Question 2 Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12.00 million. This investment will consist of $2.00 million for land and $10.00 million for trucks and other ...
Monday, September 16, 2013 at 10:53am

Finance
Question 2 Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12.00 million. This investment will consist of $2.00 million for land and $10.00 million for trucks and other ...
Monday, September 16, 2013 at 10:52am

accounting
Develop a scenario that is consistent with setting the risk of incorrect acceptance at 37 percent
Sunday, September 15, 2013 at 5:04pm

accounting
Outflow investing activities (note), inflow investing activities (land), and outflow operating activities (cash).
Friday, September 13, 2013 at 6:32pm

Accounting
Present value of an annuity due of 1 table
Thursday, September 12, 2013 at 9:52pm

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