Recent Homework Questions About Accounting
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accounting
The fixed cost is 100,000 the price is $80. a pair the product is 10,000 paris direct labor $35 a pair, direct material $30 a pair, total overhead $15 which adds up to $80. I dont't know how to start with this, than its asking if outsoucing the price would be 10.50 a pair ...
Monday, September 12, 2011 at 12:42pm
Accounting
Cruise industries purchased $10,800 of merchandise on February 1, 2007, subject to a discount trade of 10% and with credit terms of 3/15, n/60. It returned $2,500 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. At what amount ...
Friday, September 9, 2011 at 10:05pm
Accounting
can somebody please explain to me how to do this problem: Cruise Industries purchased $10,800 of merchandise on February 1, 2007, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,500 (gross price before trade or cash discount) on February ...
Thursday, September 8, 2011 at 7:52pm
Accounting
Is there a relationship between ethical behavior in academia and ethical behavior in the business world? If I am correct I would have to say that there is a relationship between ethical behavior in academia and ethical behavior in the business world. I am I correct?
Thursday, September 8, 2011 at 1:05pm
Accounting
Considering how organization must manage cash, receivables, and inventories. Which of the three variables is the most important to manage? In my opinion I would have to say that the cash would be the most important to manage. Am I right?
Wednesday, September 7, 2011 at 6:38pm
accounting
If you notice that your accounts receivable days outstanding has doubled in the first 6 months. Do you give someone a bonus or put hin or her on probation? Why?
Monday, September 5, 2011 at 8:22pm
Managerial accounting
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 12,000 14,000 13,000 11,000 The selling price of the company&#...
Monday, September 5, 2011 at 12:18am
Math
VF is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statement. Every December, VF sends out a short survey to their customers, asking for the information required for preparing the tax statements. Based on 24 years of ...
Wednesday, August 31, 2011 at 7:27pm
Accounting
March 3 Inventory units 60 per unit $1,500 total $90,000 March 8 Purchase 120 units $1,800 per unit total $216,000 March 11 Sal units 80 per units $5,000 total $400,000
Sunday, August 28, 2011 at 2:51am
ACCOUNTING
In your business’s first year in operation you had sales totaling $40,000 and collected $30,000 from your customers. You also incurred $20,000 in expenses but $5,000 of them will not be paid until the following year. Calculate your profit or loss under the cash and ...
Friday, August 26, 2011 at 10:27pm
ACCOUNTING
On July 1, 2011 you purchase and pay $36,000 for a three year insurance policy. How much will your insurance expense be this year and during the following three years under the cash and accrual basis methods? At December 31 of each year, how much will Pre-Paid Insurance be on ...
Friday, August 26, 2011 at 10:13pm
accounting
what is the journal entry if a owner of a company deposited $15,000 in their checking account. In return they received 1000 shares of common stock in their corporation. The par value of the common stock is $1 per share?
Friday, August 26, 2011 at 4:29pm
Accounting
What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process? Use a concrete example of how doing so might affect accounting in a given period.
Wednesday, August 24, 2011 at 10:26pm
accounting
What is the journal entry to record a sale but no cash comes in?
Wednesday, August 24, 2011 at 2:11pm
Accounting
At the beginning of the year, Keller Company's liabilities equal $60,000. During the year, assets increased by $80,000, and at year-end assets equal $180,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amount of equity?
Tuesday, August 16, 2011 at 5:47pm
accounting
At the beginning of the year, Logan company's assets are $200,000 and its equity is $150,000. during the year, assets increase $70,000 and liabilities increase $30,000. What is the equity at the end of the year?
Tuesday, August 16, 2011 at 5:44pm
accounting
Pearson began 20XX with 30,000 $1 common shares issued and outstanding. Paid in capital in excess of par was $25,000 and retained earnings were $75,000. Net income for 20XXwas $22,000. Requirements: Review Pearson's transactions for 20XX in the Excel Template below, then: ...
Monday, August 15, 2011 at 5:06pm
Accounting
Why do you think the Accumulated Depreciation-Equipment has a zero on the trail balance section?
Monday, August 15, 2011 at 12:12pm
accounting
1. Please refer to the worksheet below. Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash $1,700 $1,700 $1,700 Accounts receivable 8,500 $2,000 10,500 10,500 Supplies 100 $80 20 20 ...
Monday, August 15, 2011 at 12:45am
health care
You are the CIO of the healthcare organization. Your project team has advised you that the supervisor of the accounting department is less than enthusiastic about the idea of interviewing his staff for information needs assessment. After questioning your team further, it ...
Sunday, August 14, 2011 at 8:41pm
accounting
Valmont, Inc. experienced the following events in 2012, in its first year of operation. 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $50,000. 3. Paid utility expense of $12,500. 4. Collected $39,000 of the accounts receivable. 5...
Sunday, August 7, 2011 at 3:08pm
Manageral accounting
Gallatin Carpet Cleaning is a small, family-owned business ooperating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $28 per hundred square feet. However, there is some question...
Saturday, August 6, 2011 at 3:32pm
managerial accounting
Walt ’ s Whistles manufactures referee whistles. At the end of February, Walt ’ s has 2,000 pounds of steel for whistles in inventory. Walt ’ s expects to produce and sell 50,000 whistles in March. Each whistle requires a standard quantity of 0.2 pounds of steel...
Thursday, August 4, 2011 at 2:31am
accounting
On January 1, 2006, Powell Company purchased a building and machinery that have the following useful lives, salvage value, and costs. Building, 25-year estimated useful life, $4,000,000 cost, $400,000 salvage value Machinery, 10-year estimated useful life, $500,000 cost, no ...
Tuesday, August 2, 2011 at 4:01pm
accouting
Horton Company, as lessee, enters into a lease agreement on July 1, 2008, for equipment. The following data are relevant to the lease agreement: 1. The term of the non-cancelable lease is 4 years, with no renewal option. Payments of 422,689 are due on June 30, of each year. 2...
Monday, August 1, 2011 at 11:51pm
accounting
Horton Company, as lessee, enters into a lease agreement on July 1, 2008, for equipment. The following data are relevant to the lease agreement:
Monday, August 1, 2011 at 11:38pm
Accounting
Complete an Income Statement, Statement of Owner's Equity, and Balance Sheet using the information provided below for Rya’s Planning Services. Cash… …… ……… … … … ………$21,500 Accounts Receivable……&#...
Sunday, July 31, 2011 at 12:42pm
accounting
angela bennett is an employee at coopers and smith cpa firm. Angela, a part-time student, is working on her graduate degree in history. Coopers & Smith which has an educational assistance program reimburses Angela $6,000 of her educational expenses she incurred in the year. ...
Sunday, July 31, 2011 at 2:54am
accounting
On December 31, 2008, University Theatres issued $500,000 face value of bonds. The stated rate is 6 percent, and interest is paid semiannually on June 30 and December 31. The bonds mature in 10 years. Required: If required, round your answers to the nearest whole dollar. ...
Wednesday, July 20, 2011 at 2:16pm
Financial Accounting
ane Doe of Creative Marketing was recording transactions into the accounting records to prepare financial statements for the bank in a loan application. Her expenses were higher than anticipated and she was concerned about the effects on net income. As she was recording $3,000...
Monday, July 18, 2011 at 6:37pm
Accounting
purchased dental equipment at 15,000 and invested cash of 500,000
Sunday, July 17, 2011 at 11:38pm
accounting
A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total direct labor cost of $20,000? $5,000. $16,000. $25,000. $125,000. $250,000. The R&R Company's production costs for August are: ...
Saturday, July 16, 2011 at 2:29pm
accounting
Williams Company's direct labor cost is 25% of its conversion cost. If the manufacturing overhead for the last period was $45,000 and the direct materials cost was $25,000, the direct labor cost wa
Thursday, July 14, 2011 at 5:29pm
accounting
Discuss EVA concept, how is EVA determined, Describe how the company can increase EVA, Dicuss why and how EVA relates to financial ratio analysis
Wednesday, July 13, 2011 at 8:49pm
Java Programming
Don't know how to start.. Can anyone help me? For this program you are to create a two class application - a driver and a principal class - that reads in text interactively from the keyboard, and then reports on two aspects of the entered text. First it should print a ...
Wednesday, July 13, 2011 at 3:51am
accounting
purchase office supplies worth 50000.paying 20000 and 30000 on accounts.what is the debit and credit entry?
Sunday, July 10, 2011 at 8:44am
Economics
2. Lucy quits a $50,000 job to open her waffle business. She makes $225,000 in revenue from her first year of waffle sales. She pulls $50,000 out of an account that returns 3% interest per year and invests the entire amount in her business. She also borrows $50,000 at 10% ...
Saturday, July 9, 2011 at 11:15pm
accounting
Fill in the blanks in the following separate income statements a through e. Identify any negative amount by putting it in parentheses. a b c d e Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60,000 $42,500 $36,000 $ ? $23,600 Cost of goods sold ...
Saturday, July 9, 2011 at 2:30am
accounting
Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. May 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life of 20 years
Friday, July 8, 2011 at 3:13pm
Basic Accounting
Complete an Income Statement, Statement of Owner's Equity, and Balance Sheet using the information provided below for Rya’s Planning Services. Cash… …… ……… … … … ………$21,500 Accounts Receivable……&#...
Thursday, July 7, 2011 at 8:58pm
Social STUDIES
due to continued growth, our local claims office is interviewing applicants who are interested in processing medical claims. background in bookkeeping, accounting, banking, or medical terminology and/or keyboard skills, is preferred. a stable work history required. our ...
Thursday, July 7, 2011 at 5:49pm
acc 205
Caren Smith opened a medical practice. During July, the first month of operation, the business, titled Caren Smith, M.D., experienced the following events: Jul 6 Smith invested $55,000 in the business by opening a bank account in the name of C. Smith, M.D. The business gave ...
Thursday, July 7, 2011 at 1:25am
Strayer
What are the type of finance accounting sheets for proposals
Wednesday, July 6, 2011 at 10:57pm
accounting
What are some key elements of activity-based costing? I already know what activity-based costing is, I just do not understand what the key elements are.
Wednesday, July 6, 2011 at 11:11am
Accounting
you have just won the National Publisher's Sweepstakes. You have two options, you can receive ten, $500,000 semiannual payments starting today, or you can take your winnings in a lump-sum payment now based on 7% annual interest rate. Determine the equivalent lump-sum ...
Monday, July 4, 2011 at 2:42pm
Accounting
Your firm uses return on assets (ROA) to evaluate investment centers and is considering changing the valuation basis of assets from historical cost to current value. When the historical cost of the asset is updated, a price index is used to approximate replacement value. For ...
Monday, July 4, 2011 at 2:12am
Accounting
Panarude Airfreight is an international air freight hauler with more than 45 jet aircraft operating in the United States and the Pacific Rim. The firm is headquartered in Melbourne, Australia, and is organized into five geographic areas: Australia, Japan, Taiwan, Korea, and ...
Monday, July 4, 2011 at 2:10am
Principles of Accounting I
Deliverable Length: 5-10 PowerPoint slides / can include an Excel file for financial analysis Details: Choose a public company in the food industry. Analyze the financial statements and assess whether the financial performance has improved or declined year-over-year. Analysis ...
Saturday, July 2, 2011 at 6:38pm
Accounting
Identify at least three external users of accounting information and indicate two questions they might seek to answer through their use of accounting information I just need help on indicate 2 questions they might seek to answer through their use of accounting information
Friday, July 1, 2011 at 11:00pm
Accounting Principles
answer question Jane Kent is a licensed CPA. During the first nonth of operations of her business, the following events and transactions occurred
Wednesday, June 29, 2011 at 3:04am
ACCOUNTING- 2
HELP HERE IS WHOLE PROBLEM.IT NEEDS TO BE JOURNALIZED PROPERLY. mAY 15-fILED THE FEDERAL INCOME TAX RETURN FOR 2009. THE TOTAL TAX FOR THE YEAR WAS 124,000. DURING 2009, QUARTERLY DEPOSITS OF ESTIMATED TAX TOTALING 122,700 ;HAD BEN MADE. THE ADDITIONAL TAX OF 1,300 WAS PAID ...
Tuesday, June 28, 2011 at 6:05pm
accounting
Recording federal income tax transaction and cash dividend transactions. What annual per share dividend was paid to common stockholders in 2010? May 15-
Tuesday, June 28, 2011 at 3:37pm
accounting
What kinds of problems could be created in a financial report is not reliable, relevant, consistent or comparable?
Monday, June 27, 2011 at 10:57pm
accounting
You trade equipment in 2010 and pay a $10,000 cash boot for similar equipment with a fair market value of $20,000. The transaction cost is $100. You paid $25,000 for your old equipment. The depreciation deduction allowed for tax purposes on the old equipment was $4,000 in 2007...
Sunday, June 26, 2011 at 5:13pm
Accounting
If both my trial balance and balance sheet are balanced, my business should breakeven with no gain or loss. But my accountant told me my business has lost $500,000. Could my accountant be right?
Sunday, June 26, 2011 at 5:08am
computers
name 6 application packages including a package that can be used to teach accounting
Saturday, June 25, 2011 at 5:36am
accounting
Mitchell Corporation has current assets of $1 million and current liabilities of $750,000. If they pay $250,000 of their accounts payable, what will their new current ratio be? (Points: 4) 1.25:1 2.0:1 2.0:1 1.5:1
Wednesday, June 22, 2011 at 3:59pm
accounting
For 2010, Fielder Corporation reported net income of $30,000; net sales $400,000; and average shares outstanding of 6,000. There were no preferred stock dividends. What was the 2010 earnings per share? (Points: 4) $4.66 $0.20 $66.67 $5.00
Wednesday, June 22, 2011 at 3:58pm
Accounting
Confused on the method used to solve this problem and could really use some help. The 5% is throwing me off as we don't know 5% on what amount and we assume that amount compounds over time? You are currently 25 years old and have just spent the past weekend in Vegas. As ...
Monday, June 20, 2011 at 4:05pm
accounting
What do you think mcdonalds corporate strategy and goals were?
Sunday, June 19, 2011 at 11:45pm
persuasive essay
need help checking grammar errors please and how good is it? Credits cards have some positive value to them from being able to make big purchases, to making an everyday purchase. This reminds me of a quote said by John Mc Donald’s “Everything that has a positive side...
Friday, June 17, 2011 at 9:29pm
accounting
Enter transactions: 1. owner contributes $6,00 cash 2. $2,000 in revenue on account 3. $1,500 cash from debtors 4. Rent expense cash $400 5. $300 in cash for salaries invested $2,500 in a certificate of deposit(terms - 12 months, rate of interest - 8%) Adjusted enteries at end...
Wednesday, June 15, 2011 at 9:42pm
Financial Accounting
Incentive Corporation was organized in 2009 to operate a financial consulting business. The charter authorized the following capital stock: common stock, par value $4 per share. 12,000 shares. During the first year, the following selected transactions were completed: a - ...
Wednesday, June 15, 2011 at 4:33pm
accounting
I need help with the layout on how to prepare a bank reconciliation and record adjustments. As of July 31 Company is Clark Company.
Wednesday, June 15, 2011 at 3:45pm
accounting
Jay Corp. bought a machine for $15,000. The machine is expected to produce 10,000 units. The machine has a residual value of $5,000. Assuming the machine produces 400 units during Year 1, what should the depreciation expense be?
Tuesday, June 14, 2011 at 11:07pm
accounting
Selling price of a bond: Problem type 1 On December 31, 2008, $140,000 of 9% bonds were issued. The market interest rate at the time issuance was 11%. The bonds pay on June 30 and December 31 and mature in 10 years. Compute the selling price of a single $1,000 bond on December...
Monday, June 13, 2011 at 7:46am
Accounting 2
At the beginning of the year, we purchased a generator for $ 56,000. We expect then generator to have a useful life of 12 years, or 60,000 hours. The residual value of the generator at the end of its life is expected to be $ 5,600. We actually used the generator 3,500 hours in...
Sunday, June 12, 2011 at 9:03am
Accounting
What is the maturity value of a 120-day, 4 % note for $ 18,000
Sunday, June 12, 2011 at 8:58am
accounting
How do you prepare the following adjusting, reversing and next period entry into an unadjusted trial balance? I also need help with the rest of this problem. Cost of supplies still available December 31 is 2,700 The notes payable requires an interest payment to be made every 3...
Saturday, June 11, 2011 at 2:29pm
accounting
How do I figure FUTA/SUTA earnings? This is what my book gives: James Company has three employees .Its payroll information is given below. Employee Earnings Prior October to October Earnings Donald Robinson: $6050 $1200 OASDI Earnings FUTA/SUTA Earnings $1200 $950 Tax Rate ...
Friday, June 10, 2011 at 6:38pm
accounting
I got this of this web site but I don't understand where it all goes. this is the one I am working on. I need help. Part 1 BULLSEYE RANGES For Year Ended December 31, 2005 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. ...
Friday, June 10, 2011 at 6:05pm
accounting
I need to add the last question I entered was for Showers Company
Friday, June 10, 2011 at 4:39pm
accounting
Preparing closing entries and a post-closing trial balance for Exercise E4-3 I need help with this
Friday, June 10, 2011 at 4:38pm
accounting
The Fast Delivery Service submitted the transactions given below. Analyze these business transactions. a. On October 1st, Joseph took $25,000 from personal savings and deposited the amount to open a business checking account in the name of Fast Delivery Service. b. On October ...
Friday, June 10, 2011 at 1:05pm
tax accounting
bruce wilson won 2 million in the state lottery. the lottery pays out the prize money in 20 annual installments of 100,000 each. After receiving three 100,000 installments, bruce sold the remaining 1.7 million of payments for 1 million. He wants to report the 1 million as long...
Thursday, June 9, 2011 at 1:34am
accounting
kindly please help me. B1, G1, and P1 formed a partnership. They agreed that B1 will receive a bonus of 10% of partnership net income. B1 and G1 will receive salary allowances of $10,000 and $8,000, respectively, and the remaining income is allocated equally. Net income ...
Wednesday, June 8, 2011 at 2:17pm
accounting
is any one can help me in solving these problem.thank you and may GOD blees u always. Problem Solving: 1. Xiat is a partner who used the stock of the firm worth Php 10,000 and suffered a loss of Php 2,000. He went the firm to bear the loss. How much ‘Xiat’ is liable ...
Monday, June 6, 2011 at 11:56am
accounting please help urgent
pls.hep me to solve tjis problem.. is anyone willing to solve please. PROBLEM 1: On Jan 1, 2011, the Rhiri, Brit & Keisha partnership is formed. Rhiri and Brit contribute cash of $30,000 and $20,000 respectively, while Keisha contributes assets with the following fair values: ...
Saturday, June 4, 2011 at 8:48pm
n/a
Inter-department Services Step Method : O'brain's Department Store Allocates the Cost of personnel and Payroll to three retail Sales Department Housewares , Clothing and Furniture . In addition to providing services to the operating department. Personnel and Payroll ...
Saturday, June 4, 2011 at 4:26pm
accounting
Required a. Determine the gross profit margin for each product produced based on the ABC data [(selling price 2 ABC cost per foot) 3 feet produced]. b. Determine the gross profit margin for each product produced based on the traditional costing data [(selling price 2 ...
Friday, June 3, 2011 at 10:34pm
Managerial Finance and Accounting
Santiago’s Salsa in Problem 1-1. The company is currently producing and selling 325,000 jars of salsa annually.The jars sell for $5.00 each.The company is considering lowering the price to $4.60. Suppose this action will increase sales to 375,000 jars. Required a. What is...
Thursday, June 2, 2011 at 12:27pm
accounting ..urgent pls
PLEASE HELP ME AND YOU ARE ALL BRIGHT AND I NEED YOUR HELP FOR SOLVING THIS PROBLEM. PROBLEM 1: CARE p’ship at December 31 had cash amounting to $20,000, noncash assets $100,000, liabilities $55,000, and the following capital balances: Cassandra $45,000 and Penelope $20,...
Wednesday, June 1, 2011 at 7:10pm
accounting ..urgent pls
please help me to solve this problem. THANK YOU AND MAY GOD BLESS YOU ALWAYS. L. Carson agrees to pay $10,000 each to to C. Ames and D. Barker for 1/3 of their interest in the Ames-Barker partnership. At the time of the admission of Carson, each partner has a $30,000 capital ...
Wednesday, June 1, 2011 at 7:06pm
accounting ..urgent pls
can you help please.. PROB 1: A, B and C shared the profit of Rs. 9,00,000 in the ratio of 2:2:1 without providing for interest on B’s loan, B granted a loan of Rs. 4,00,000 in the beginning of accounting year. Where as the partnership deed is silent on the interest on ...
Wednesday, June 1, 2011 at 6:56pm
accounting..please help
can you help me please for this solving problem below... problem: A, B and C shared the profit of Rs. 9,00,000 in the ratio of 2:2:1 without providing for interest on B’s loan, B granted a loan of Rs. 4,00,000 in the beginning of accounting year. Where as the partnership ...
Monday, May 30, 2011 at 6:43pm
Accounting
Company acquired a property and need to journalize the property and construction. Received 4,700 in salvage from material removed from old building.
Sunday, May 29, 2011 at 10:00pm
accounting
Paid 55.00for landscaping property. Used cash. Journalize
Sunday, May 29, 2011 at 9:59pm
accounting
You have been asked to prepare a presentation for the next board of directors meeting regarding managerial accounting. What is the purpose of managerial accounting? How do managerial accountants support strategic decisions? How do managers implement strategy? You have been ...
Sunday, May 29, 2011 at 6:05am
accounting
please can you help how to get the answers fpr this problem solving .. I am really could not get the correct answer. problem: On Jan 1, 2011, the Rhiri, Brit & Keisha partnership is formed. Rhiri and Brit contribute cash of $30,000 and $20,000 respectively, while Keisha ...
Friday, May 27, 2011 at 7:29pm
accounting.pls help me
Is anyone can help me to solve this problem beloww. thank you very much. PROBLEM 1: On Jan 1, 2011, the Rhiri, Brit & Keisha partnership is formed. Rhiri and Brit contribute cash of $30,000 and $20,000 respectively, while Keisha contributes assets with the following fair ...
Friday, May 27, 2011 at 5:56am
Financial Accounting
I am so lost on this. I need to prepare adjusting journal entry for this. The truck was acquired on August 1. Franklin estimates the truck will have a useful life of 5 years and no salvage value. The depreciation on the building has already been recorded. In my general ledger ...
Thursday, May 26, 2011 at 9:02pm
Accounting 100
Who can be harmed when a company changes its accounting methods too often?
Thursday, May 26, 2011 at 6:08pm
accounting
I already know what the different inventory cost flow assumptions are, but what I do not know is how might the choice of cost flow assumption affect the company's cost of goods sold and ending inventory balance? Can somebody please explan this to me?
Thursday, May 26, 2011 at 2:50pm
accounting
Six annual payments of $250 into savings account earns 1.5% annually. What is the value of the account at the end of the six years? Rate Periods Payment Future value
Tuesday, May 24, 2011 at 7:34pm
Accounting
MHS currently has $1,150,000 in cash. How long would it take them to accumulate $2,000,000 in cash? Assume an interest rate of 5%.
Sunday, May 22, 2011 at 6:46pm
accounting
cash flow analysis of whirlpool cash flow statement for 2006 solution
Friday, May 20, 2011 at 9:49pm
accounting
Triple Play, Inc Triple Play, Inc. was established in 1982 by Randy Cleaver, Jim “Bluefish” Johnson, and Willie Lloyd, all ex-major league baseball players who were interested in offering quality baseball mitts at affordable prices. These players felt that, at the ...
Friday, May 20, 2011 at 3:24am
System Analysis and Designs - IT460
I need help really bad since I am majorly stuck due to things happening in the family. My GPA thus far for this course is a 4.0, however, now I am stumped. Please complete the following projects using MS Word. Save the project as Unit 4 Project. Jesse wants to see a context ...
Tuesday, May 17, 2011 at 4:15pm
strayer
ACC422 – Intermediate Accounting II Learning Team D Assignment – Week 2 This assignment is worth a total of 75 points distributed evenly among the two problems. It will be graded based upon both the accuracy of your solutions (2/3) and effort (1/3). Points for effort...
Tuesday, May 17, 2011 at 3:49pm
accounting..help plz urgent!
An accounting report that shows the changes in capital during the accounting period is: a.) a balance sheet. b.) an income statement. c.) a statement of owner's equity. d.) All of these answers are correct.
Sunday, May 15, 2011 at 6:46pm
Accounting
Presented below are some business transactions that occurred during 2008 for Vicki Prowitz Company.
Friday, May 13, 2011 at 11:05am
Managerial Accounting
. In order to improve the accuracy of unit costs, most companies recompute the predetermined overhead rate each month. True or False
Friday, May 13, 2011 at 9:34am
Finance accounting
Eddings Company had a beginning inventory of 400 units of Product XNA at a cost of $8.00 per unit. During the year, purchases were: Feb. 20 600 units at $9 Aug. 12 300 units at $11 May 5 500 units at $10 Dec. 8 200 units at $12 Eddings Company uses a periodic inventory system...
Wednesday, May 11, 2011 at 1:00pm
Accounting
Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the beginning of March, Glanville had in beginning inventory 1,500 Clooney CDs with a unit cost of $7. During March Glanville made the following purchases of Clooney CDs. March 5 3,000 @ $8 March ...
Tuesday, May 10, 2011 at 7:38pm
Accounting
Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the beginning of March, Glanville had in beginning inventory 1,500 Clooney CDs with a unit cost of $7. During March Glanville made the following purchases of Clooney CDs. March 5 3,000 @ $8 March ...
Tuesday, May 10, 2011 at 1:26pm
Accounting 1
what is the name of a comparison of the general ledge accounts with debit balances to the general ledger accounts with credits blances to make sure they equal the same?
Monday, May 9, 2011 at 11:32am
accounting
Diamond Company produces a chair that requires 5 yds. of material per unit. The standard price of one yard of material is $7.50. During the month, 8,500 chairs were manufactured, using 43,700 yards at a cost of $7.60. Determine the (a) price variance, (b) quantity variance, ...
Friday, May 6, 2011 at 5:11pm
economics
Explain the effect on a company’s stock price today of the following events, other things held constant. a. the interest rate on the company’s bonds falls. b. Several companies in the same sector announce surprisingly slow sales. c. Changes in the tax laws passed ...
Thursday, May 5, 2011 at 11:58pm
accounting
What potential problem can arise if a company incorrectly classifies costs? Example, what if an inventoriable cost is classified as a period costs?
Thursday, May 5, 2011 at 12:27pm
Accounting
Greenwood Corporation has paid 60 consecutive quarterly cash dividends (15 years). The last 6 months have been a real cash drain on the company, however, as profit margins have been greatly narrowed by increasing competition. With a cash balance sufficient to meet only day-to-...
Wednesday, May 4, 2011 at 12:12pm
accounting
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...
Wednesday, May 4, 2011 at 12:07pm
accounting/help please
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts . D)Accounts ...
Tuesday, May 3, 2011 at 11:12pm
Accounting
The SOO Company has machinery that it acquired a number of years ago at a cost of $812,000. As of December 31, 2012 the company has recorded life-to-date depreciation in the amount of $332,900. Because of changes in their manufacturing processes, the equipment does not ...
Monday, May 2, 2011 at 5:01pm
Accounting
I am taking an accounting class and the instructor is refusing to give the formula needed to perform a quick ratio for a non profit organization (capital one). The typical formula Current Assets – Inventory/ Current Liabilities found online only covers typical companies ...
Sunday, May 1, 2011 at 12:47pm
Business
You work for the city of Bigtown's legal department. Bigtown has been trying for years to attract more convention business, but it has been unsuccessful to date. The new mayor was voted in on the tagline, "I'll make Bigtown the place to see and be seen." It&#...
Friday, April 29, 2011 at 3:55pm
accounting
if direct material is 6.69, direct labor 3.33, variable overhead 1.27, and fixed overhead .088. if your producing 2400 units what is your total fixed cost and what is the variable cost per unit?
Friday, April 29, 2011 at 3:23pm
economics
This is my son who is in 10th grade homework assignment. I want to be able to help and not look like a dope! I really have no clue! 1. Why do economists consider growth in the average labor productivity to be the key factor in determining long run living standards? 2. And, Let...
Friday, April 29, 2011 at 2:41pm
accounting
Y company offers its customers credit of 2/10,n 30. Most customers take advantage of the cash discount, mailing their payment to arrive on the 10th day following the date of the invoice. However X comany, Y largest customer, has recently begun sending payments to arrive on the...
Wednesday, April 27, 2011 at 10:57am
Accounting
#15 Supplies: Original Purchase and Adjusting Entry On January 1, the company had office supplies costing $4,600. On March 23, the company bought additional office supplies costing $8,200; the company paid cash. On December 31, a physical count of office supplies revealed ...
Monday, April 25, 2011 at 10:10pm
Accounting
#9 Unrecorded Liability: Adjusting Entry Refer to PE 4-8. (1) Make the adjusting entry necessary on the company’s books with respect to this loan on December 31. (2) Make the journal entry necessary on the company’s books on the following April 30 to record payment ...
Monday, April 25, 2011 at 10:08pm
Accounting
Compute the price of $7,936,343 received for the bonds by using the tables of present value in Appendix A. (Round to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences. Present value of the face amount $ Present value of the ...
Monday, April 25, 2011 at 8:40pm
accounting
On July 1, 2010, Brower Industries Inc. issued $8,900,000 of 9-year, 10% bonds at an effective interest rate of 12%, receiving cash of $7,936,343. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. ...
Monday, April 25, 2011 at 8:25pm
Accounting
What is the equation for a simple interest rate of 47,000 note at 12 percent in 3 years? Please help resolve.
Monday, April 25, 2011 at 11:50am
Accounting
Axel Corporation acquires 100% of the stock of Wheal Company on December 31, Year 4. The following information pertains to Wheal Company on the date of acquisition:
Saturday, April 23, 2011 at 4:20pm
Principles of Accounting
Hot Dawgs! Inc. has 3 managers that work in shifts throughout the day and night. The company also employs 4 cooks and 2 waitresses per shift. There are 3 shifts: morning, afternoon, and evening. The managers are paid an annual salary with a 2% bonus every December. The ...
Saturday, April 23, 2011 at 2:17pm
accounting
: Are there any differences between the organizations that adopt a particular accounting method? Please explain your answer.
Thursday, April 21, 2011 at 11:06pm
HEALTH CARE FINANCIAL ACCOUNTING
The local school district has asked your clinic to submit a proposal to do pre-employment physicals for 60 bus drivers. What financial or accounting information do you need to submit the proposal? What will you charge the school district?
Thursday, April 21, 2011 at 9:59pm
accounting
Partial balance sheets for ABC Company and additional information are provided below. ABC Company, Partial Balance Sheets, As of December 31 2009 2008 Equipment $100,000 $75,000 Accumulated depreciation (25,000) (20,000) Common stock, $5 par 180,000 100,000 Paid in capital 20,...
Thursday, April 21, 2011 at 8:37pm
accounting
Would like to start a college fund. It was estimated that the cost for college to be 60,000 per year. How much should be deposit into the account each month for 18 years to accumulate a total of 240,000 @ 12% interest earned.
Thursday, April 21, 2011 at 9:30am
accounting
Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 & liabilities of $140,000 at the end of the year. During the year, the owner invested an additional $40,000 in the business, and the company made withdrawals of...
Wednesday, April 20, 2011 at 3:15pm
accounting
explain the nature of minority interest and its proper presentation on a consolidated balance sheet
Wednesday, April 20, 2011 at 1:53pm
accounting
jones company acvquired and 80% interest in the smith company ant the beginning
Wednesday, April 20, 2011 at 1:39pm
accounting
Shott Farm Supplies Corporation purchased 800 shares of General Motors stock at $50 per share and paid a brokerage fee of $1,200. Two months later, the shares were sold for $53 per share. The brokerage fee on the sale was $1,300. perpare entries for the purchase and the sale.
Wednesday, April 20, 2011 at 1:17pm
statistics
a study by Hewitt Associates showed that 79% of companies offer employees flexible scheduling. suppose a researcher believes that in accounting firms this figure is lower. The researcher randomly selected 415 accounting firms and through interviews determines that 303 of these...
Tuesday, April 19, 2011 at 11:54pm
accounting
MKTG205-1101B-07 Principles of Marketing Assignment Name: Unit 5 Individual Project Deliverable Length: 2-3 pages Details: Select a global company of your choice in the service industry. Using your selected global company as the subject matter, research the principles of ...
Tuesday, April 19, 2011 at 8:20pm
accounting
If you decide to buy a car for $17,500 and get $2,500 on a trade-in. If the bank finances the remainder at 7.8%, and you want to pay off the loan in 5 years, how much will your monthly payments be? (Assume that interest is compounded monthly.)
Tuesday, April 19, 2011 at 2:36pm
Accounting
If your credit card company charges you 1% per month on your balance, what effective annual rate of interest is it charging?
Tuesday, April 19, 2011 at 9:44am
Accounting
(Present Value) What is the present value of an annuity that pays $250,000 in 30 years if interest accumulates at a rate of 7.5% compounded semiannually? (i.e. How do you have to pay NOW for the policy? You make no payments other than your lump sum payment.)
Tuesday, April 19, 2011 at 9:42am
accounting
accounting and Organizational Cultures: A Field Study of the Emergence of a New Organizational Reality"
Tuesday, April 19, 2011 at 5:18am
Accounting
a. IPC purchases real estate in prime locations where an existing theatre chain does not adequately serve the market. After purchasing the real estate, IPC engages a contractor to build a theatre complex. During fiscal 2009, IPC received a $2,000,000 payment from a contractor ...
Monday, April 18, 2011 at 7:10pm
Accounting
How is a contract penalty recorded for the company that hires a contractor?
Monday, April 18, 2011 at 6:51pm
Accounting
How does an inventory write-off effect the cash flow statement?
Monday, April 18, 2011 at 5:56pm
accounting
(TCO 8) Partial balance sheets for ABC Company and additional information are provided below. ABC Company, Partial Balance Sheets, As of December 31 2009 2008 Equipment $100,000 $75,000 Accumulated depreciation (25,000) (20,000) Common stock, $5 par 180,000 100,000 Paid in ...
Monday, April 18, 2011 at 12:39am
accounting
Accountants follow ethical guidelines in the conduct of their work. What are these guidelines made for? Why are ethical principles considered important? In the event the accountants do not follow the ethical principles what do you think the effect would be?
Sunday, April 17, 2011 at 6:51am
accounting
The local school system asks you to submit a proposal to do preemployment physicals for 60 bus drivers. What financial or accounting information do you need to submit the proposal?
Wednesday, April 13, 2011 at 5:23pm
economical management sciences/accounting
please help! Why are some goods zero-rated?
Wednesday, April 13, 2011 at 12:15pm
accounting
Compute inventory turnover for 2005 and 2004. The inventory balance at December 31, 2003, was $294 million. Do the trend of net income from 2004 to 2005 and the change in the rate of inventory turnover tell the same story or a different story? Explain your answer.
Tuesday, April 12, 2011 at 9:54pm
accounting
Cost-Volume-profit (CVP) analysis is based entirely on unit costs. Do you aree? Explain
Tuesday, April 12, 2011 at 9:24pm
accounting
I attend penn foster i an working on chapter 1 example number 06168900 and want to know how do i began to do a 3 month accounting period using a fiscal year calendar?
Tuesday, April 12, 2011 at 9:01pm
accounting
A merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be ...
Tuesday, April 12, 2011 at 7:18am
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