Tuesday
July 28, 2015

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

Math Accounting
Determine the proposal’s appropriateness and economic viability. For all scenarios, assume spending occurs on the first day of each year and benefits or savings occurs on the last day. Assume the discount rate or weighted average cost of capital is 10%. Ignore taxes and ...
Wednesday, April 9, 2014 by Greg

accounting
At the end of the current year, $19,900 of fees have been earned but not billed to clients. a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease. b. If ...
Monday, April 7, 2014 by karen

math lit,business studies,accounting and computer
Can I be an accountant when doing these subjects?
Friday, April 4, 2014 by pamela

Accounting
During the current year, Mast Corporation expects to produce 10,300 units and has budgeted the following: net income $350,376; variable costs $1,080,800; and fixed costs $105,000. It has invested assets of $1,459,900. The company’s budgeted ROI was 24%. What was its ...
Wednesday, April 2, 2014 by Kristina

Accounting
When common stock has a par value of $2 and a market value of $15: 1.) the liability of the stockholders is $13 per share 2.) there will be additional paid-in capital of $13 per share 3.) common stock will be credited for $15 per share 4.) the paid-in capital will equal the $2...
Tuesday, April 1, 2014 by Jessica

Accounting
An estimated liability: 1. Is an unknown liability of a certain amount. 2. Is a known obligation of an uncertain amount that can be reasonably estimated. 3. Is a liability that may occur if a future event occurs. 4. Is not recorded until the amount is known for certain. (...
Tuesday, April 1, 2014 by Jessica

Accounting
Internal control devices for banking activities include signature cards, deposit tickets, checks, and bank statements. 01.) True 02.) False True or False?
Tuesday, April 1, 2014 by Jessica

Accounting
An asset's cost includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. 01.) True 02.) False True or False?
Tuesday, April 1, 2014 by Jessica

Accounting
Problems: Please show all calculations. Claudette, Inc., provides warranties for many of its products. The January 1, 2014, balance of the Estimated Warranty Liability account was $38,500. Based on an analysis of warranty claims during the past several years, this year’s ...
Tuesday, April 1, 2014 by Jessica

Accounting
The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk invested an additional $10,000. During the year, Hawk and Martin withdrew $86,000 and $68,000, ...
Monday, March 31, 2014 by Big Dada

Accounting
Needs the entries for the following scenarios: Capital accounts as follows : Mason ; 90,000 Jiri; 30,000 James; 60,000 a) Frank pays mason 25,000 for 20% of masons interest in the company b) Frank invests 60,000 cash in the partnership for a 40% interest in the business. The ...
Monday, March 31, 2014 by dustin

intermediate accounting
in 2011 hardin company had 220000 shares $10 par common stock, march 1 issued 45000 shares at $22, June 1 issued 15% stack dividend, July 1 issued 10000 at $27, Aug 31 2-for-1 stock split reduce par $5, determine the weighted average number of shares based on the transactions
Sunday, March 30, 2014 by nancy

accounting
Liz Marett is the chief financial officer for Fulton Restaurants. She delivered the following comments in a recent conference call with analysts that follow the company: "20X5 was another excellent year. Net income was a record setting $10,000,000. Food Revenue reflected ...
Tuesday, March 25, 2014 by Holly

Accounting 205
help with paper on basic transaction processing fr Richard Simmons
Saturday, March 22, 2014 by Gail

Payroll Accounting
Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $25 put into her health savings account (nonqualified) each week. Her ...
Thursday, March 20, 2014 by Shirley

accounting
a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent
Tuesday, March 18, 2014 by Michel

Accounting - need guidance
On January 1, 2012, Bartell Company sold its idle plant facility to Cooper Inc. for $1,050000. On this date, the plant had a depreciated cost of $735,000. Cooper paid $150,000 cash on January 1, 2012, and signed a $900,000 note bearing interest at 10%. The note was payable in ...
Tuesday, March 18, 2014 by Alex

accounting-fory
On January 1, 2012, Bartell Company sold its idle plant facility to Cooper Inc. for $1,050000. On this date, the plant had a depreciated cost of $735,000. Cooper paid $150,000 cash on January 1, 2012, and signed a $900,000 note bearing interest at 10%. The note was payable in ...
Monday, March 17, 2014 by alex

Accounting
the Dwyer corporation incurred costs of 114000 in purchasing a process which it eventually had patented. The patent was issued on July 20x1. To secure the patent, an additional 6000 had been spent on legal fees. On June 30 20x3, a patent infringement suit was successfully ...
Sunday, March 16, 2014 by Diana

accounting
Corporations are subject to specific corporate tax rates different from those for individuals. True False
Saturday, March 15, 2014 by Anonymous

accounting
The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount
Saturday, March 15, 2014 by Anonymous

accounting
Bonds issued giving the holder the option of exchanging the bonds for capital stock of the corporation are called
Saturday, March 15, 2014 by Anonymous

Math, accounting, investments
A firm is evaluating two machines. The first costs $250,000 and will require annual maintenance of $30,000 per year for 10 years. At the end of 10 years, the salvage value will be $75,000. The second machine costs $400,000 and will require $225,000 at the end of the fifth year...
Thursday, March 13, 2014 by MathHelp

accounting
1-Aug-13 Started business by investing $20,000 from personal savings into a business' bank account and a car and furniture worth $90,000 and $30,000 respectively. 2-Aug-13 Purchased office furniture from Standards for $3,000 paying by cheque. 4-Aug-13 Purchased goods for ...
Wednesday, March 12, 2014 by Kai-lee

Accounting Corporations
Birch issued 200 shares of $12 par common stock in exchange for a piece of equipment with a current market value of $3,000.Whichof the following is not part of the journal entry for tis transaction? A.Debiting Equipment for $3,000 B.Crediting Common Stock for $3,000 C....
Monday, March 10, 2014 by Bella

Accounting
For earnings management, is impairment of goodwill easier to manipulate than impairment of PPE?
Tuesday, March 4, 2014 by SSSSSS

Accounting
Jane has a $35,000 bank loan that she wishes to pay off in five equal annual payments with 12% interest. If the first payment is due one year from today, what will be the amount of the annual payment necessary
Sunday, March 2, 2014 by Anonymous

accounting
A bauxite mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. During the year, 95,000 tons were mined and sold. Prepare the journal entry for the year's depletion expense.
Saturday, March 1, 2014 by kathy

accounting
Uncollectible Accounts—Percentage of Sales Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form, for the ...
Saturday, March 1, 2014 by kathy

accounting
Uncollectible Accounts—Percentage of Sales Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form, for the ...
Saturday, March 1, 2014 by amber

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 ...
Friday, February 28, 2014 by amber

accounting
Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1, 20--, was $21,600. ...
Friday, February 28, 2014 by amber

accounting
If on the opening day of business, you put in supplies worth $250 and $3000 cash, would that be considered a transaction OR would it be considered your beginning balances because it's the first day of business? Would it be considered beginning capital OR a credit to ...
Monday, February 24, 2014 by Robin

accounting
Richard Hamilton has a fast - food franchise and must pay a franchise fee of $35000 plus 3% of gross sales. In terms of cost behavior, the total cost is a: a) variable cost b) fixed cost c) step - fixed cost d) mixed cost
Sunday, February 23, 2014 by Morgan

Accounting
An example of a committed fixed cost would be: a) taxes on real estate b) management development programs c) public relations d) advertising programs
Sunday, February 23, 2014 by Morgan

accounting
Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts:
Sunday, February 23, 2014 by mary

Acct
One of the companies for which you provide accounting services offers office cleaning services and has 8 customers. Cleaning services are provided in the evenings, Sunday through Thursday, at a rate of $30 per day. Billing is done every Friday. During the month, revenue is ...
Thursday, February 20, 2014 by Marty

business,accounting,maths lit,economic
Cn i be able to do law wth maths lit,business,economics nd accounting?
Tuesday, February 18, 2014 by Dudu

business study,accounting,economics,mathematicaly
what job or carrer i can get when i am leaning this subjects?
Saturday, February 15, 2014 by boikanyo

accounting
Heww Inc., issued a $50,000, 10 year bond with a stated interest rate of 6%. Assume interest payments are made semi-annually. What is the selling price of the bond if the market rate of interest is 5%? (Round to the nearest dollar.)
Thursday, February 13, 2014 by phil

Accounting
Desrocher Ltd. issued an instalment note on January 1, 2014 (with a required yield of 9%), in exchange for land that it purchased from Safayeni Ltd. Safayeni's real estate agent had listed the land on the market for $120,000. The note calls for three equal blended payments...
Wednesday, February 12, 2014 by LadyL

Accounting
on January 1,20x1,A had 200,000 shares of $5 par value common stock outstanding. On January 15 declared a cash dividend of $0.5 a share
Tuesday, February 11, 2014 by Hedy

accounting
What is the typical time span for long-range plans? A. More than 1 year C. 3–5 years B. 2–3 years D. About 25 years
Friday, February 7, 2014 by erna

accounting
Graham maintains that formulation and implementation are phases in the strategic management process. Yolanda maintains that evaluation and estimation are also part of this process. Who is correct? A. Yolanda is correct. B. Both Graham and Yolanda are correct. C. Graham is ...
Friday, February 7, 2014 by erna

Accounting
What is Beer direct materials and raw materials? Raw materials are the basic materials and parts that are to be used in the manufacturing process Raw materials that can be physically and directly associated with the finished product during the manufacturing process are called ...
Thursday, February 6, 2014 by Kristina

Accounting
Please explain I'm so lost Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows. Month Units April 2,550 May 2,475 June 2,390 The target ending inventory of finished products is as follows. March 31 2,000 April 30 2,230 May 31 2,200 June 30 2,310...
Wednesday, February 5, 2014 by Kristina

Accounting
During the fiscal period just ended some of the inventory in the warehouse of Jamie Ltd. wasn’t counted. Jamie Ltd. uses a periodic inventory control system. Explain how the following are affected by the error: • Net income • Current ratio
Wednesday, February 5, 2014 by Callie

accounting
On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bonds sold at $592,000. The company uses the straight-line method of amortizing bond discounts. The ...
Tuesday, February 4, 2014 by micheal

accounting
On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bonds sold at $592,000. The company uses the straight-line method of amortizing bond discounts. The ...
Tuesday, February 4, 2014 by micheal

accounting
At the end of the current year, $19,900 of fees have been earned but not billed to clients. • a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease...
Tuesday, February 4, 2014 by rebel

accounting
Classify the following items as (a) deferred expense (prepaid expense), (b) deferred revenue (unearned revenue), (c) accrued expense (accrued liability), or (d) accrued revenue (accrued asset). 116117 • 2. A three-year premium paid on a fire insurance policy. • 3. ...
Tuesday, February 4, 2014 by rebel

Accounting. Present Value.
Suppose you want to have $5,000 saved at the end of five years. The bank will pay you 2% interest on your money. How much would you have to deposit today to have the $5,000 you want at the end of five years.
Tuesday, February 4, 2014 by Margaret

Accounting
Suppose you want to have $5,000 saved at the end of five years. The bank will pay 2% interest on your money. How much would you have to deposit today to have the $5,000 you want at the end of five years?
Tuesday, February 4, 2014 by Alicia

Accounting
What do the “transfer” items in the notes to the financial statements relate to? (in the capital assets section; Plant, property & equipment and Intangible assets)
Tuesday, February 4, 2014 by Callie

accounting
Acme Inc. has total liabilities of $120,000, total sales of $80,000, net income of $12,000, current assets of $90,000 and total assets of $150,000. What is the debt to equity ratio for Ac
Sunday, February 2, 2014 by Anonymous

accounting
Acme Inc. has total liabilities of $120,000, total sales of $80,000, net income of $12,000, current assets of $90,000 and total assets of $150,000. What is the debt to equity ratio for Ac
Sunday, February 2, 2014 by Anonymous

Accounting
Could the choice of recording a capital asset impairment or not, impact the financial statements significantly? Explain.
Saturday, February 1, 2014 by Callie

maths literacy,business,economics,accounting
which career to look into when doing those subjects?
Wednesday, January 29, 2014 by buhle

HTT / 230
Nance’s Restaurant, a local independent restaurant, is evaluating new point-of-sale (POS) systems and must determine if a new installation is feasible. A new POS installation would include both software and hardware, with a total cost of $20,000. Nance’s Restaurant ...
Tuesday, January 28, 2014 by becklynn

HELP- Accounting
An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912 B. $1,152 C. $1,176 D. $1,200
Monday, January 27, 2014 by Angela

HELP- Accounting
A store receives $400 cash after offering a chain discount of 10/10/5 on a good. What was the list price? A. $492.20 B. $519.82 C. $533.33 D. $612.00 A
Monday, January 27, 2014 by Angela

Help_ Accounting
A store receives $400 cash after offering a chain discount of 10/10/5 on a good. What was the list price? A. $492.20 B. $519.82 C. $533.33 D. $612.00 B
Monday, January 27, 2014 by Angela

Help_ Accounting
An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912 B. $1,152 C. $1,176 D. $1,200 D
Monday, January 27, 2014 by Angela

HELP- Accounting
A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the marked price if the baker wishes to obtain a 75% markup on cost. A. $1.27 B. $1.31 C. $1.33 D. $1.45
Monday, January 27, 2014 by Angela

Help_ Accounting
A vendor reduces an item listed at $140 on July 1st by 20%, and then reduces it another 25% on September 1st. What is the sale price of the good after the last reduction? A. $77.00 B. $84.00 C. $92.00 D. $108.50 A
Monday, January 27, 2014 by Angela

Accounting, TAX
Which of the following entities may not use the cash method of accounting? A partnership with average annual gross receipts in excess of $5 million. A C corporation whose average annual gross receipts for the preceding 3 taxable years do not exceed $5 million. A C corporation ...
Saturday, January 25, 2014 by Homie

finance accounting
Fakari had the following asset at the ending of the year 2013 having started the business at the beginning of the same year. Ksh.000 Account payable 15,800 equipment 46,000 motor vehicles 25,160 Account receivable 23,080 cash at bank 29,120 cash in hand 160,000 during that ...
Friday, January 24, 2014 by tima ibrahim

finance accounting
Fakari had the following asset at the ending of the year 2013 having started the business at the beginning of the same year. kSH.000 Account payables 15,800 equipment 46,000 motor vehicles 25,160 Account receivable 23,080 Cash at bank 29,120 cash in hand 160,000 during that ...
Friday, January 24, 2014 by tima ibrahim

Accounting
A(n) _______ loss occurs when the reduced price is below the actual cost. A. net B. operating C. absolute D. incurred B
Wednesday, January 22, 2014 by Angela

Accounting
A vendor reduces an item listed at $140 on July 1st by 20%, and then reduces it another 25% on September 1st. What is the sale price of the good after the last reduction? A. $77.00 B. $84.00 C. $92.00 D. $108.50 A
Wednesday, January 22, 2014 by Angela

Accounting
A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the marked price if the baker wishes to obtain a 75% markup on cost. A. $1.27 B. $1.31 C. $1.33 D. $1.45 A
Wednesday, January 22, 2014 by Angela

Accounting
A good purchased for $480 sells for $700. If the store's operating expenses are 30% of cost, what is the percentage markup on cost? A. 1.5% B. 10.57% C. 15.83% D. 45.83% c
Wednesday, January 22, 2014 by Angela

Accounting
An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912 B. $1,152 C. $1,176 D. $1,200 D
Wednesday, January 22, 2014 by Angela

Accounting
stion 8 of 20 5.0 Points Merchandise lists for $5,000 with a trade discount of 10% and terms of 5/30, 3/60, n/90. If the purchaser is invoiced on April 12th and payment is made on June 10th, what is the actual amount paid? A. $4,275 B. $4,350 C. $4,365 D. $4,500 C
Wednesday, January 22, 2014 by Angela

Accounting
A store receives $400 cash after offering a chain discount of 10/10/5 on a good. What was the list price? A. $492.20 B. $519.82 C. $533.33 D. $612.00 B
Wednesday, January 22, 2014 by Angela

Accounting
A wholesaler lists a refrigerator model at a price of $850 and offers a chain discount of 20% and 10%. What is the net price? A. $476 B. $595 C. $612 D. $644 D?
Wednesday, January 22, 2014 by Angela

Accounting,economics,business and mathr literacy
Is possible to become a CAwith these subjects
Wednesday, January 22, 2014 by Bongiwe

Accounting
I need to know the requirements of this careir, accountant?
Wednesday, January 22, 2014 by Alungile

Accounting,business studies,economics and maths literacy
What career to follow wth maths literacy
Wednesday, January 22, 2014 by Bongiwe

business
In my school i'm doing that subject maths literacy,business,economics,accounting and I want to be a manager what the job i will get
Wednesday, January 22, 2014 by Anonymous

accounting
determine how the disallowance of LIFO will impact U.S. multinational firms that report under IFRS.
Saturday, January 18, 2014 by valerie

Accounting 212
Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, preferred stock of $40 par, and 50,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first ...
Friday, January 17, 2014 by Helen Jackson

Financial Management
Which of the following is NOT an example of an agency cost? A. Paying an accounting firm to audit your financial statements. B. Paying an insurance company to assure that building codes have been met for new construction. C. Paying a landscaping firm to maintain your firms D. ...
Friday, January 17, 2014 by Anthony

accounting
Numbers and measurements are the language of business. Organizations look at results, expenses, quality levels, efficiencies, time, costs, etc. What measures does your department keep track of? How are the measures collected, and how are they summarized/described? How are they...
Wednesday, January 15, 2014 by Anonymous

accounting
What does a business owner do when the cash balance approaches zero and there are bills to be paid? (Hint: look at the financing activities of the Cash Flow Statement and then look at the Retained Earnings statement) What does a business owner do when there is an accumulation ...
Tuesday, January 14, 2014 by melissa

accounting
ABC's Product information Current Product Expansion Product (estimate) Selling Price $14.50 $ Units produced and expected to be sold 80,000 5,000 Machine Hours 40,000 5,000 Direct Materials $1.30 per unit $5.60 per unit Direct labor dollars needed per product $2.80 per ...
Tuesday, January 14, 2014 by Anonymous

Accounting
__________ accounts show the amount of money owed to the firm by customers. A. Supply B. Prepaid C. Receivables D. Payables C
Monday, January 13, 2014 by Angela

Accounting
A firm's __________ account is categorized as a current asset. A. equipment B. accounts payable C. bonds payable D. merchandise inventory D
Monday, January 13, 2014 by Angela

Accounting
Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equipment $80,000 Preferred Stock $32,000 Merchandise Inventory $18,000 Retained Earnings ? Prepaid Rent $3,...
Monday, January 13, 2014 by Angela

Accounting
The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization C. net credit sales; average owner's equity; leverage D. net income after taxes; net sales; ...
Monday, January 13, 2014 by Angela

Accounting
The percentage analysis of changes of corresponding items in comparative financial statements is referred to as horizontal analysis. A. True B. False A
Monday, January 13, 2014 by Angela

Accounting
The total assets of Capp Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Capp Co.’s owner’s equity?
Saturday, January 11, 2014 by Ronald

Accounting
On Aug 14th, One of our Partner's ( Compuville ) cash book showed a debit balance of $4,000.00. His bank statement showed a balance of $4,270.00. On comparison the following were found: * check issued amounting to $2,500.00 has not been cashed * The bank rejected checks ...
Friday, January 10, 2014 by Kevin

Business Ethics
Which of the following is NOT one of the key requirements for auditor independence? A. Auditors must disclose all other written communications between management and themselves. b. Public accounting firms must report if they are providing audit services to any company whose ...
Sunday, January 5, 2014 by Simone

061689 bussines accounting and you
All i need detail how to do it i watch video but im not understanding if anybody have more specific explanation details Please help step by step what i need to do im so confused Thank you :)))
Tuesday, December 31, 2013 by Bella

office finances
when youre using accounting software why would you use hot keys and shortcuts a.to quickly access commands b.to input data for you c.to start the program d.to write checks my answer is a
Saturday, December 28, 2013 by susue

Accounting
1. On July 1, 2010, Harris Co. issued 6,000 bonds at $1,000 each. The bonds paid interest semiannually at 5%. The bonds had a term of 20 years. At the time of issuance, the market rate of interest was 7%. Harris uses the effective interest rate method to amortize bond premium ...
Friday, December 27, 2013 by Jana

office finances
when youre using accounting software why would you use hot keys and shortcuts a.to quickly access commands b.to input data for you c.to start the program d.to write checks my answer is b
Friday, December 27, 2013 by susue

corporate accounting
Worthington Company issued 1,000,000 face value, 10% bonds on July 1 2012, when the market rate of interest was 12%. Interest payments are due every July 1 and January 1. Worthington uses a calendar year-end.
Sunday, December 22, 2013 by synthie

Accounting
The percentage analysis of changes of corresponding items in comparative financial statements is referred to as horizontal analysis. A. True B. Fals A
Thursday, December 19, 2013 by Angela

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Homework Help: Business

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