Post a New Question

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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 ...

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 ...

Accounting
ZIMMER LANDSCAPING COMPANY Trial Balance April 30, 2014

Accounting
ZIMMER LANDSCAPING COMPANY Trial Balance April 30, 2014

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 ...

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 ...

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.

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-...

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 ...

cda
_______ are necessary to defuse disagreements with parents. A. Avoidance and ambiguity B. Accounting records and photographs C. Respect and discretion D. Power and authority I choose C

accounting
rigoberto invests 8,000 at 6% interest, compound semiannually for 1 year

accounting
rose wants to have 7,500 in 18 years how much rose should invest now at 8% interest

Bus 101
Which of the following represents the basic accounting equation

Accounting
Paid $1,200 cash to Hilldale Mall for Success Systems' share of mall advertising cost. I need to know the debit and credit.

Accounting
Completed a project for Chang Corporation abd received $3620 cash. I need to know the debit and credit. Thanks

Accounting
Stuck on a few questions from my Accounting class. If anyone can help; I would be really grateful! 32. Of the following accounts, which might appear in the adjusted trial balance, but not in the post-closing trial balance? A. income summary B. owner's capital C. accounts ...

Accounting
3) Green Corporation is a calendar-year taxpayer. All of the stock is owned by Evan. His basis for the stock is $35,000. On March 1 (of a nonleap year), Green Corporation distributes $120,000 to Evan. Determine the tax consequences of the cash distribution to Evan in each of ...

accounting
If a business is purchased by the issue of 10000 $10 8% debentures trading at $95, how much is the purchase consideration? I did 10000x95, but the answer in the key is  option D instead, 95000, not 950,000... I'm totally confused..

Economics
China's slowdown Jan 20th 2015, 10:26 by S.R. | SHANGHAI MUCH of the analysis of China’s 2014 GDP data, which the government published today, has focused on the economy’s slowdown That is, on one level, understandable. Growth of 7.4% was China’s weakest in 24 years (see ...

management accounting
how much should be invested now (to the nearest $)to receive $ 24000 per annum in perpetuity if the annual rate of interest is 5% ?

accounting
A machine costing $85,000 with a 5-year life and $5,000 residual value was purchased January 2, 2011. Computed depreciation for the first year, using the double declining-balance(DDB) method would be what?

Accounting
E13 Selected account balances of the Lakeside Grocery Store for the year ended December 31, 20xx, follow. Beginning merchandise inventory was $ 26,000, and ending merchandise inventory is $ 22,000. Prepare closing entries, assuming that the owner of Lakeside Grocery, John ...

accounting
A compound transaction was recorded as follows: debit Equipment, $5,000; debit Cash, $1500; credit Accounts Payable, $3,500. This error would cause __________. A. assets to be overstated B. assets to be understated C. liabilities to be overstated D. liabilities to be ...

12th Grade
What career can I study if I am doing this subject: Mathamatical literacy ,Accounting , Economics And Business studies anyone who can help?

Managerial Accounting
Joanna Pauly was delighted to see that her ROI figures had increased for the third straight year. She was sure that her campaign to lower costs and use machinery more efficiently (en- abling her factories to sell several older machines) was the reason why. Joanna ...

Corporate Finance
Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large, publicly traded firm that is the market share leader in radar detection systems (RDSs). The company is looking at setting up a manufacturing plant overseas to produce a new line ...

Accounting
At december 31, 2013 and 2014, lapham corp. Had 200,000 shares of common stock and 20,000 shares of $5 dividend, $100 par value cumulative preferred stock outstanding. No dividends were declare on either ghe preferred or common stock in 2013 or 2014. Net income for 2014 was $1...

Managerial Accounting
Waterways is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of $0.70 per unit. The company also estimates that this change could increase the overall number of sprinklers sold by 10%, and ...

Accounting
Waterways is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of $0.70 per unit. The company also estimates that this change could increase the overall number of sprinklers sold by 10%, and ...

ACCOUNTING FOT MERCHANDISING
CASH REGISTER SCHEMES ARE A FORM OF?

accounting
Savallas Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used in preparing the ...

Mangerial accounting
1.April Green Company has budgeted the following amounts for its next fiscal year: Total fixed expenses $832,500 Sale price per unit $40 Variable expenses per unit $25 By how much will breakeven increase/decrease in units if April can reduce fixed expenses by $27,000?

Accounting
Q.2. A company that uses the perpetual inventory system purchased $8,500 worth of inventory on September 25. Terms of the purchase were 2/10, n/30. The invoice was paid in full on October 4. Prepare the journal entries to record these merchandise transactions.

Computerized Accounting
Consider this statement: "QuickBooks records revenue when an invoice is generated, even though cash has not been received." Is this practice acceptable? Why or why not? What are noncash investing and financing activities, and how are they recorded in QuickBooks?

Accounting
Consider this statement: "QuickBooks records revenue when an invoice is generated, even though cash has not been received." Is this practice acceptable? Why or why not?

Accounting
On December 31, 2013, Ruby Inc. issued 3,000 $1,000 par value bonds with a stated rate of 6% and a 10-year maturity. Interest is payable semiannually on June 30 and December 31.

Finance
We are evaluating a project that costs $1,120,000, has a ten-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 64,000 units per year. Price per unit is $50, variable cost per unit is $25...

Accounting
The GoodTaste Club collected recipes from members and published a cookbook entitled Eat 'Em Up. The book will sell for $18 per copy. The chairwoman of the cookbook development committee estimated that the club needed to sell 14,600 books to break even on its $87,600 investment...

Accounting,economis,business
Three courses or study fields

accounting
A company purchased merchandise inventory at a cost of $8,500 with credit terms 2/10, net 60. If the company borrows $8,330 to pay for the purchase on the last day of the discount period and pays the loan plus interest in the amount of $8,466.93 on the last day of the credit ...

economic
What is accounting terms according to the opinion of American Accounting Association (AAA)?

accounting
Which of the following adjustmnts will require the company to record a debit memo sent by the bank? a. The bank collected a $550 note receivable, plus interest, which had not been recorded in the company's journal. b. The company recently made a $692.28 deposit that has not ...

accounting
Shastri Bicycle of Bombay, India, produces an inexpensive, yet rugged, bicycle for use on the city’s crowded streets that it sells for 767 rupees. (Indian currency is denominated in rupees, denoted by R.) Selected data for the company’s operations last year follow: Units ...

Accounting
Beginning work in process inventory 17,000 40%. Transferred in from the prior department 72,000. Ending work in process inventory 18,000 30% According to the company records the conversion cost in the beginning work in process inventory was $63.104 at the beginning of ...

Accounting
formation about the Maxwell Company's inventory of one item during 2010 is given below. Units Unit Cost Beginning Inventory, Jan 1, 2010 80 $24.00 Purchases: March, 2010 45 24.00 July 2010 75 22.00 Nov. 2010 100 21.00 Ending Inventory, Dec. 31, 2010 55 Compute the cost of the ...

accounting
Describe how the separation of (1) authorization of production transactions, (2) recording of these transactions, and (3) physical custody of inventories can be specified among the production, inventory, and cost accounting departments. How does the production order document ...

Accounting
Beacon Electronics advertised a portable TV set on sale for $273.49 after a 35% markdown from the original price. What was the original price of the Tv set?

Accounting
The Soft Step Floor Company purchases carpeting for $ 5.12 per square yard and marks it up 55% based on the selling price. What is the selling price per square yard?

Business, Accounting
A firm has a debt to equity ratio of 50%, debt of $300,000, and net income of $90,000. The return on equity is a. 60% b. 15% c. 30% d. not enough information

accounting
Write a character sketch of lencho

Accounting
A debit to the capital account was posted to an expense account. This would cause __________. A. assets to be overstated B. liabilities to be understated C. capital to be overstated D. expense to be understated i think its D

Accounting
A debit to a revenue account was posted to an expense account. This would cause __________. A. expenses to be overstated B. revenue to be understated C. expenses to be understated D. capital to be overstated i believe its C

Accounting
A credit to a liability account was posted to an owner's equity account. This would cause __________. A. assets to be overstated B. liabilities to be understated C. owner's equity to be understated D. net income to be overstated i think its D A credit to an asset account was ...

accounting
which one would not likely employ the specific identification method for inventory costing? hardware store farm implement dealership music store specializing in organ sales antique shop

Accounting
Rexford Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January. January 1 January 31 Finished goods $126,000 $117,000 Work in process 235,000 251,000 Raw ...

Accounting
Cherry Hill Glass Company employs a normal costing system. The following information pertains to the year just ended. • Total manufacturing costs were $1,420,000. • Cost of goods manufactured was $1,391,000. • Applied manufacturing overhead was 20 percent of total ...

Accounting
Cherry Hill Glass Company employs a normal costing system. The following information pertains to the year just ended. • Total manufacturing costs were $1,420,000. • Cost of goods manufactured was $1,391,000. • Applied manufacturing overhead was 20 percent of total ...

accounting
When a european coffee maker becomes less experience to buy in the United states you could probably say that we're experiencing a_____ dollar

accounting
The following was taken from the records of Smith Company in the year ending December 31, 2014. Journalize the following transactions in an Excel spreadsheet for year-end 2014 using the aging method. Assume that the allowance for doubtful accounts has a beginning credit ...

Accounting urgent
Ellis Co. sold merchandise to Rather Co. on account, $7,150, terms 2/15, n/30. The cost of merchandise sold is $4,290. Ellis Co. issued a credit memo for $850 for merchandise returned and later received the amount due within the discount period. The cost of the merchandise ...

Accounting urgent
What would be considered quick assets out of Cash& Short term investments......$47.3 receivables.........159.7 inventories...........72.3 prepaid expenses&other current assets...32.0 total current liabilities..........130.0 total liabilities............279.4 total stockholders...

Accounting urgent
Foster Glass Company purchased a fax machine on July 1, 2007 for $1,800. The fax machine had an estimated useful life of three years and a salvage value of $300. Assume Foster uses the double-declining balance (DDB) depreciation method. Foster decided to replace its fax ...

Accounting urgent
Whistle manufactures referee whistles. At the end of February, Whistle has 2,000 pounds of steel for whistles inventory. Whistle expects to produce and sell 50,000 whistles in March. Each whistle requires a standard quality of .2 lbs of steel. Whistle wants to have 5,000 ...

accounting
What is the amount of the tax liability for a single person having taxable income of $59,200? All answers should be rounded to the nearest dollar.

accounting
what accounts are affected when you invest in additional equipment for the business?

Accounting
Applying the interest allowance method, compute Julie's and Jennifer's share of net income if Julie invested $40,000.and Jennifer invested $24,000. At an 8% interest rate, with the remainder to be decided equally. Net income was $10,000.

accounting
Is supplies listed as a CURRENT ASSET in a balance sheet?

accounting
Greco Resort Adjusted Trial Balance August 31, 2007 Debit Credit Cash $ 19,600 Accounts Receivable 800 Prepaid Insurance 3,375 Supplies 450 Land 20,000 Building 120,000 Accumulated Depreciation- Building 1,080 Equipment 16,000 Accumulated Depreciation—Equipment 360 Accounts...

Accounting
Complete the following exercise. In December 20X2, the Cardoso Company established its predetermined overhead rate for jobs produced during the year 20X3 by using the following cost predictions: Overhead costs: $750,000 Direct labor costs: $625,000. At year-end 20X3, the ...

Accounting
Complete the following exercise. Fill in the Excel spreadsheet provided via the link below to provide your answers to parts a and b. Then paste the Excel data into a Word document on which you can also write the answer to part c. Income Statement Administrative Expenses $ 70,...

economics,english,mathslit,accounting,business,zul
Iam in matric Nd would like to be in the university in JHB,PTA i am doing maths lit accounting economics business studies english and isizulu

Principles of Accounting 1
I need help please I don't understand this at all. Thanks. Part A: Prepare general journal entries to record the following transactions for the Harris Company. (The company uses the balance sheet approach for recording bad debts expense.) 2010 Dec. 31 Record Bad Debts Expense...

accounting
Analyze the following scenario: River County is planning several capital acquisitions for the coming year. These include the purchase of two new garbage trucks at $150,000 each, one new bulldozer at $240,000, three new riding lawn mowers at $16,000 each, and construction of an...

accounting
the board of directors declares 15% stock dividend on10000 outstanding shares of$20 per common stock. Thee current market value is $25 per share. how should I journalize this entry?

accounting,life science,history and maths lit
What career path can I fellow doing these subjects?

accounting,life science and history
What course can I do in college o university and career job can I persue after I've got my degree

Accounting
Jay Pembroke started a business. During the first month (April 20--), the following transactions occurred. Invested cash in business, $18,428. Bought office supplies for $4,433: $1,896 in cash and $2,537 on account. Paid one-year insurance premium, $1,003. Earned revenues ...

accounting,life science,history and maths literacy
What can I study after matric and what career job can I persue? Please help I'm confused

business studies n maths lit n accounting n geo
Do I need pure maths in These subjects or is maths lite fine to get me to the point of being a entreprenuer in my life

accounting
The Bean Company makes a sale with an invoice price of $97,000 on 10/1/14. The note is due on 10/1/17. There is no interest rate stated in the note. The market rate for similar notes is 10%. Assume annual compounding of interest. Prepare the journal entries for 10/1/14, 12/31/...

accounting 1
Holden Graham started The Graham Co.,a new business that began operations on May 1. The Graham Co. completed the following transactions during its first month of operations

accounting
All-American Sports can purchase sneakers for $450 per dozen less trade discounts of 14/12 from Ideal Shoes. Fancy Footwear is offering the same sneakers for $435 less trade discounts of 18/6. Which supplier offers a lower net price?

Maths literacy, accounting, economics and business studies
Are ther any possibilities of studying an Accountant career with this subjects?

Accounting
Can someone please tell me how to set this up? I tried doing (45+1.50 - 47) x 150 but I don't think this is right. thank you An investor in a Corporation. On January 1, Year One, purchased 150 shares of the corporation’s capital stock at a price of $45 per share. On October ...

Accounting
On Sept. 1, 2012, Parsons Company purchased $84,000 10 year 7% government bonds at 100 plus accrued interest. The semi-annual interest payment dates are June 30 and Dec. 31. Journalize the entry to record the bond purchase.

Accounting, maths literacy, business studies, economics
am doing matric this year so I dnt knw which career I can do next year with those subjects.......plz I need help

accounting
how to jounalize the transaction with simecolon?

math lit, accounting, business studies, cat
Can i study (b com)supply chain management in varsity. My main concern is math lit.

Accounting
Explain Accounting and book-keeping and enumerate the differences (if any) between the two

easy geometry
Can you please show you solution and final answer here. Thanks! 1.Find the altitude,perimeter and area of an isosceles trapezoid whose sides have lengths 10 cm, 20 cm, 10 cm and 30 cm. 2. The formula A=P(a+r)^2 is used to find the amount of money A in an account after P pesos ...

accounting
Amazon Appliance Company has three installers. Larry earns $355 per week, Curly earns $460 per week, and Moe earns $585 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6.2% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee's ...

Managerial Accounting, MBA
A company produces a single product. Variable production costs are $12 per unit and variable selling and administrative expenses are $3 per unit. Fixed manufacturing overhead totals $36,000 and fixed selling and administrative expenses total $40,000. Assuming a beginning ...

accounts
Diane Gobin is the founder and manager of Gobin's World. Diane has approached the local bank for a loan to expand her business. As part of the loan application, Diane was asked to prepare Financial Statements for the business. She prepared the following balance sheet and ...

Managerial Accounting
Garcia Veterinary Clinic expects the following operating results next year: Sales (total) $600,000 Variable expenses (total) $120,000 Fixed expenses (total) $300,000 What is Garcia's break-even point next year in sales dollar?

Managerial Accounting
Garcia Veterinary Clinic expects the following operating results next year: Sales (total) $600,000 Variable expenses (total)

accounting
If preferred dividends are limited to the stated rate of dividend, the preferred stock is: A. noncumulative B. Cumulative C. participating D. Nonparticipating

business
New Orleans’s Mt. Sinai Hospital is a large, private, 600-bed facility complete with laboratories, operating rooms, and X-ray equipment. In seeking to increase revenues, Mt.Sinai’s administration has decided to make a 90-bedadditiononaportionofadjacent land currently used ...

accounting 2
if amores has the capital of 1,616,000 while andrada is to invest sufficient cash to give him a one-third interest in the partnership. how much andrada's capital?

accounting
On October 10, 2010, Mason Engineering Company completed negotiations on a contract for the purchase of new equipment. Under the terms of the agreement, the equipment may be purchased now or Mason may wait until January 10, 2011, to make the purchase. The cost of the equipment...

American Government
I need some help with some Government questions: 1. All of the following are ways that formulating our budget has changed EXCEPT: A. Budget and Accounting Act of 1921 B. transfer of Office of Management and Budget to the Executive Office of the President C. Congressional ...

  1. Pages:
  2. <<Prev
  3. 1
  4. 2
  5. 3
  6. 4
  7. 5
  8. 6
  9. 7
  10. 8
  11. 9
  12. 10
  13. 11
  14. 12
  15. 13
  16. 14
  17. 15
  18. Next>>

Homework Help: Business

Post a New Question