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September 1, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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financial accounting
The lake theater opened on april 1.all facilities were completed on march 31. During april,the following events and transactions occured. Apr.2 paid film rental of $800 on first movie. 3 ordered two additional films at $1,000 each. 10 made $2,000 payment on mortgage and $1,000...
Saturday, October 27, 2012 at 2:32am

Accounting
Inventory as of Nov. 30th, 2010, consists of 20 bikes costing $550 each. Balance Sheet: Nov. 30th 2010. Cash-9150 Debit Accounts Receivable-12300 Debit Inventory-11000 Debit Supplies-900 Debit Office Equipment-18000 Debit Accumulated Depreciation, Office Equipment- 3000 Credit...
Thursday, October 25, 2012 at 1:53am

accounting
The following information is available for ABC Company for the year ended December 31, 1997: Ending Inventory ……………… ​3;………. $7,500 Purchases ……………… ​3;……………&#...
Wednesday, October 24, 2012 at 11:46pm

accounting
imagine a business and its 50 transactions.. journalize it and also record it in subsidary books, post into ledger and prepare a trial balance... plzz help me...
Tuesday, October 23, 2012 at 1:02am

Accounting
I am given several hypothetical amounts and interest rates and need to find the amount of the rental payments. (Lessee-Lessor Entries; Sales-Type Lease) On January 1, 2011, Palmer Company leased equipment to Woods Corporation. The following information pertains to this lease. ...
Monday, October 22, 2012 at 3:53pm

accounting
Okay so I need help Identifying the reporting issues in this case with references to the conceptual framework pyramid, such as revenue recognition, full disclosure, historical cost, etc. So this gym offers one year memberships. Members can use any of the facilities but must ...
Monday, October 22, 2012 at 10:53am

accounting
In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 161 units at $17, (2) 414 units at $18, and (3) 115 units at $19. Assuming there are 271 units on hand, compute the cost of the ending inventory under the FIFO...
Sunday, October 21, 2012 at 8:38pm

Financial accounting
Laird Company sells coffee makers used in business offices. Its beginning inventory of coffee makers was 200 units at $41 per unit. During the year, Laird made two batch purchases of coffee makers. The first was a 295-unit purchase at $46 per unit; the second was a 380-unit ...
Sunday, October 21, 2012 at 5:31pm

I need help answering this Accounting question!?
Bluejay Corp. prepared a bank reconciliation as of July 31, 2009. The following items were identified: Bluejay's bank statement balance: $14,300 Deposit in transit: 1,000 Outstanding checks: 1,300 Bank service charges: 50 Customer's NSF check returned by the bank: 150 ...
Saturday, October 20, 2012 at 2:15pm

I need help answering this Accounting question!?
While preparing the April 30th bank reconciliation for the checking account for Calvin Corporation, the accountant identified the following items: Calvin's balance according to the general ledger: $15,000 Outstanding checks: 2,500 Bank service charge: 15 A customer's ...
Saturday, October 20, 2012 at 2:14pm

Accounting
Financial Accounting 1. The following information was made available from the income statement and balance sheet of Meranda Company: ITEM 12/31/2010 12/31/2009 Accounts Receivable $ 42,000 $ 45,100 Accounts Payable 27,900 24,500 Merchandise Inventory 68,000 63,000 Sales (2010...
Friday, October 19, 2012 at 9:41am

Accounting
A check returned by a bank because the issuer's cash account balance could not cover the check is called a(n): a. Cancelled check b. Certified check c. Outstanding check d. NSF check
Thursday, October 18, 2012 at 7:14pm

Accounting
On June 1, 2012, Pitts Company sold some equipment to Gannon Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2012. What type of compound interest table is...
Wednesday, October 17, 2012 at 8:22pm

Accounting
On June 1, 2012, Pitts Company sold some equipment to Gannon Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2012. What type of compound interest table is...
Wednesday, October 17, 2012 at 8:02pm

LAW421
How does the strict liability doctrine apply to the practice of accounting? Provide examples.
Tuesday, October 16, 2012 at 10:39am

accounting
in order for companies to prepare and issue financial staements, their accounting equations (debit and credits) must be in balance at year end. Discuss how errors and misstatements may occur given this requirement.
Monday, October 15, 2012 at 4:13pm

accounting
•In order for companies to prepare and issue financial statements, their accounting equations (debits and credits) must be in balance at year end. Discuss how errors and misstatements may occur given this requirement
Monday, October 15, 2012 at 4:01pm

accounting
in order for companies to prepare and issue financial staements, their accounting equations (debit and credits) must be in balance at year end. Discuss how errors and misstatements may occur given this requirement.
Monday, October 15, 2012 at 2:07pm

accounting
the responsibility for issuing a report on a company's internal controls over financial reporting rests with?
Sunday, October 14, 2012 at 5:40pm

accounting
imageshack.us/a/img404/2843/img001292012​10132042.jpg if over 600 units, fixed costs goes up 20% how do i get each blank?
Saturday, October 13, 2012 at 9:08pm

accounting
Lisa school supplies suffred a fire loss. The company needs to estimate the cost of good destroyed. Beginning inventory was 100,000 purchases totaled 600,000 and sales came equaled 1,000,000. Lisa normal gross profit percentage is 40%. What is the estimated cost of the ...
Friday, October 12, 2012 at 12:44pm

cost and management accounting
Choice any company and explain the five ways of applying cost and management in company process system.
Thursday, October 11, 2012 at 4:32pm

Statistics: Regression
The June 1997 issue of Management Accounting gave the following rule for predicting your current salary if you are a managerial accountant. Take $31,865. Next, add $20,811 if you are top management, add $3604 if you are senior management, or subtract $11,419 if you are entry ...
Wednesday, October 10, 2012 at 5:55pm

Accounting Question?
What is the distinguishing characteristic between accounts receivable and notes receivable? a. Notes receivable generally specify an interest rate and a maturity date at which any interest and principle must be repaid. b. Accounts receivable are usually current assets while ...
Thursday, October 4, 2012 at 7:13pm

Accounting
Comment on Dr. Hendley's statement that the difference between the opening bank balance ($30,000) and the January balance ($75,000) is pure profit.
Thursday, October 4, 2012 at 2:10pm

accounting
BLT produces plastic that is used for injection molding applications such as gears for small motors. In 2012, the first year of operations, BLT produced 6,492 tons of plastic and sold 5,410 tons. In 2013, the production and sales results were exactly reversed. In each year, ...
Wednesday, October 3, 2012 at 7:23am

accounting
A review of the ledger of Terrell Company at December 31, 2012, produces these data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $18,279. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the...
Tuesday, October 2, 2012 at 3:36pm

accounting
18. Balance sheet and income statement data indicate the following: Bonds payable, 6% (issued 2000, due 2020) $1,200,000 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for ...
Tuesday, October 2, 2012 at 10:52am

Accounting
Accounting for a Job-Order Cost System [LO 3, 6, 7, 9] Bob and Beth Ford retired from the food services industry and began catering wedding receptions on a limited basis. The major costs in setting up their business included: linens, $1,600; two complete silver services, $1,...
Monday, October 1, 2012 at 4:13pm

Accounting
If a company erroneously records a $500 deposit as $50 in its records, which of the following must occur when reconciling its bank statement? a. The company must increase the balance per its records by $500. b. The company must decrease the balance per its records by $500. c. ...
Sunday, September 30, 2012 at 1:37pm

accounting
Shastri Bicycle of Bombay, India, produces an inexpensive, yet rugged, bicycle for use on the city’s crowded streets that it sells for 717 rupees. (Indian currency is denominated in rupees, denoted by Picture.) Selected data for the company’s operations last year ...
Saturday, September 29, 2012 at 9:14pm

accounting
Shastri Bicycle of Bombay, India, produces an inexpensive, yet rugged, bicycle for use on the city’s crowded streets that it sells for 930 rupees. (Indian currency is denominated in rupees, denoted by Picture.) Selected data for the company’s operations last year ...
Saturday, September 29, 2012 at 9:13pm

accounting
During Denton Company’s first two years of operations, the company reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $64 per unit) $ 1,216,000 $ 1,856,000 Cost of goods sold (@ $32 per unit) 608,000 928,000 Gross margin 608,000 928,000 ...
Saturday, September 29, 2012 at 9:12pm

accounting
Frieden Company's contribution format income statement for the most recent month is given below: Sales (46,000 units) $ 966,000 Variable expenses 676,200 Contribution margin 289,800 Fixed expenses 231,840 Net operating income $ 57,960 The industry in which Frieden Company ...
Saturday, September 29, 2012 at 9:10pm

Accounting
Shirts Unlimited operates a chain of shirt stores that carry many styles of shirts that are all sold at the same price. To encourage sales personnel to be aggressive in their sales efforts, the company pays a substantial sales commission on each shirt sold. Sales personnel ...
Saturday, September 29, 2012 at 9:09pm

accounting
YSL Marketing research is a small firm located in Seattle. On behalf of its clients, the firm conducts focus group meetings, telephone and mail opinion surveys, and evaluations of marketing strategies. The firm has three partners and six nonpartner professionals. At the start ...
Thursday, September 27, 2012 at 7:01am

accounting
1. Use the general journal to journalize the following transactions completed during July of the current year. 2. Post from the general journal to the general ledger. Using the following steps. a. A. Write the current year and July 1 in the Date column. (The account title, ...
Tuesday, September 25, 2012 at 10:39am

accounting information system
how to make a flow diagram in bumper cars
Monday, September 24, 2012 at 10:17pm

Account
Use the following identification codes to indicate the effects of each transaction on the accounting equation: I = Increase; D = Decrease; NE = No Effect. Write your answers in the space provided under the accounting equation, being sure to include an identification code for ...
Sunday, September 23, 2012 at 5:31pm

Account
If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of ________? a. Neutrality b. Comparability c. Materiality d. Consistency
Sunday, September 23, 2012 at 5:28pm

Accounting
Which of the following accounts is decreased by a debit entry? Answer a. Accounts Payable b. Cash c. Prepaid Insurance d. Insurance Expense
Sunday, September 23, 2012 at 4:14pm

Accounting
Scott Brothers, Inc. follows the qualitative characteristic of consistency. This means that Answer a. Scott applies the same accounting principles as its competitors. b. Scott has elected certain accounting principles that can never be changed. c. Scott applies the same ...
Sunday, September 23, 2012 at 4:13pm

Accounting
If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of Answer a. Neutrality b. Comparability c. Materiality d. Consistency
Sunday, September 23, 2012 at 4:12pm

Accounting
The going concern assumption is concerned with a. The company's ability to continue operations long enough to carry out its existing obligations. b. Measuring ongoing business activities at their exchange price at the time of the initial external transaction. c. offsetting...
Sunday, September 23, 2012 at 4:11pm

Accounting
Doughtry's Pet Shop reported a net loss of $1,500,000 and total expenses of $2,900,000. How much are total sales? Answer a. $1,600,000 b. $4,400,000 c. $2,400,000 d. $1,400,000
Sunday, September 23, 2012 at 3:29pm

Accounting
Peck Company The Peck Company reported the following items on its financial statements for the year ending December 31, 2010. Sales - $1,560,000 Cost of Sales - $1,400,000 Selling, general and administrative expense - 40,000 Other Expense - 30,000 Dividends - 10,000 Income Tax...
Sunday, September 23, 2012 at 3:28pm

accounting
Salt River Copmany is evaluating a capital expenditure propsal that has the following predicted cash flows: Intial investment $(43,270) Operation Year 1 20,000 Year 2 30,000 Year 3 10,000 Salvage 0 a. Using a discount rate of 14 percent, determine the net present value of the ...
Friday, September 21, 2012 at 11:43pm

accounting
Salt River Copmany is evaluating a capital expenditure propsal that has the following predicted cash flows: Intial investment $(43,270) Operation Year 1 20,000 Year 2 30,000 Year 3 10,000 Salvage 0 a. Using a discount rate of 14 percent, determine the net present value of the ...
Friday, September 21, 2012 at 11:40pm

Accounting
A $15 credit to Sales was posted as a $150 credit. By what amount is Sales in error? my answer is $135 overstated
Friday, September 21, 2012 at 8:06pm

accounting
The journal entry to record the withdrawal of cash by Sue Snow, the owner, to pay a personal utility bill would include a debit to __________ and a credit to __________.
Friday, September 21, 2012 at 11:20am

Accounting
Calculate variable cost variances—explain results The standards for one case of Springfever Tonic are: Direct materials . . . . . . . . . . . . . . . . . . 8 lbs. @ $3.00/lb. = $24 Direct labor . . . . . . . . . . . . . . . . . . . . . 6 hrs. @ $1 0.00/hr. = 60 Variable ...
Thursday, September 20, 2012 at 9:22pm

Accounting
In a trial balance there are amounts in the debit side and credit side. How do i know which one is debtors or creditors? Returns are on both debit and credit side. Which one is Return Inwards?
Thursday, September 20, 2012 at 3:10pm

accounting
what affect can the incorrect intentional or unintentional posting, journalizing and reporting of financial data have on a company, an accountant or a company's stakeholders?
Wednesday, September 19, 2012 at 10:52pm

accounting
Worthington Company issued $1,000,000 face value , six-year, 10% bond on July 1, 2010, when the market rate of interest was 12%. Interest payments are due every July 1, and January 1. Worthington uses a calendar year-end. 1. Prepare the journal entry to record the issuance of ...
Wednesday, September 19, 2012 at 1:03pm

accounting
. For each of the following cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31, 2011. (Assume that prepaid expenses are initially recorded in asset accounts and that fees collected in advance of work are initially ...
Sunday, September 16, 2012 at 9:22pm

Accounting
. Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance: _____ $20 in service charges _____ A $300 check deposited that was returned NSF ...
Sunday, September 16, 2012 at 3:59pm

accounting
if i invest in municipal bonds that earn 5% interset or in taxable bonds issued by pepsi that pay 11% what is the tax rate at 15% and 30%; and what tax rate would there be indifferent between the bonds
Saturday, September 15, 2012 at 10:12am

Economics
Suppose that a tour bus business incurred implicit costs of $600,000 and explicit costs of $7 million in a specific year. If the firm sold 125,000 tours at $60 per person, its accounting: A) profits were $100,000 and its economic profits were $500,000. B) losses were $100,000 ...
Thursday, September 13, 2012 at 11:13pm

accounting
what are examples of liability
Tuesday, September 11, 2012 at 10:28pm

accounting
Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 38,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $...
Saturday, September 8, 2012 at 7:05pm

accounting
Selected T-accounts for Rolm Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 31,000 Credits ? Debits 390,000 Credits ? Debits 420,000 Bal. 12/31 56,000 Work in Process Factory Wages Payable Bal. 1/1 73,000 Credits 710,000 ...
Saturday, September 8, 2012 at 5:05pm

accounting
The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs: Property taxes, factory $ 3,000 Utilities, factory 4,800 Indirect labor 9,900 Depreciation, factory 23,900 Insurance, factory 5,800 ...
Saturday, September 8, 2012 at 4:49pm

accounting
1. Sharon Kent is a realtor. She organized her business, called SK Realty, as a corporation on April 1, 2011. Sharon started the business by depositing $105,000 in cash into the business bank account and issued herself common stock. Consider the following facts as of April 30...
Friday, September 7, 2012 at 3:44pm

Accounting
Marcum Company was started in 2012 when it issued a note to borrow $6,200 cash. Write an accounting equation, and record the effects of the borrowing transaction under the appropriate general ledger account headings.
Wednesday, September 5, 2012 at 5:02pm

accounting
Davis Company was started on January 1, 2012. During the month of January, Davis earned $4,600 of revenue and incurred $3,000 of expense. Davis closes its books on December 31 of each year. Required a. Determine the balance in the Retained Earnings account as of January 31, ...
Wednesday, September 5, 2012 at 4:57pm

Accounting for Managers
Question 1 of 20 5.0 Points Which of the following products probably would be manufactured using a job order costing system? A. Paper B. Baseball cards C. Computer monitors D. Company business cards Reset Selection Mark for Review What's This? Question 2 of 20 5.0 Points ...
Wednesday, September 5, 2012 at 11:11am

Accounting for Managers
Question 11 of 20 5.0 Points Which of the following accurately describes a difference between job order and process costing systems? A. In job order costing systems, overhead costs are treated as product costs, whereas in process costing systems, overhead costs are treated as ...
Wednesday, September 5, 2012 at 11:10am

Accounting
Urquhart Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $100,000 and 3,600 estimated direct labor-hours. Actual ...
Wednesday, September 5, 2012 at 12:29am

Accounting for Managers
Question 1 of 20 5.0 Points In comparing management accounting with financial accounting, which of the following statements is FALSE? A. Management accounting is primarily used by managers, employees, and supply chain partners. B. The report format for financial accounting is ...
Tuesday, September 4, 2012 at 3:18am

Managerial Accounting
Sandusky Inc. has the following costs when producing 100,000 units: Variable Costs $400,000 Fixed Costs 600,000 An outside supplier is interested in producing the item for Sandusky. If the item is producing outside, Sandusky could use the released production facilities to make...
Tuesday, September 4, 2012 at 12:26am

accounting
The following information is related to the Lilliput Veterinary Clinic for April 2010, the firm's first month of operation: Compute the cost of services rendered.
Monday, September 3, 2012 at 10:36pm

accounting
If sold inventory had cost 1500 for 2750 on a account under terms 2y10, ny45
Monday, September 3, 2012 at 11:42am

Financial accounting 2
If a building cost $600,000, has an estimated residual value of $240,000, has an estimated life of 36 years, and is depreciated by the straight-line method: a) What is the annual depreciation? b) what is the book value at the end of the 20th year?
Monday, September 3, 2012 at 9:10am

Buisness Ethics
In all of the accounting scandals of the past decade, where were the auditors? Explain
Tuesday, August 28, 2012 at 7:16pm

Buisness Ethics
In all of the accounting scandals of the past decade, where were the auditors? Explain
Tuesday, August 28, 2012 at 7:05pm

accounting
Find the ending balance in an account that opens with $9,000, earns 4.5% interest compounded quarterly, and is held for 5 years. (Round your answer to the nearest cent.)
Sunday, August 26, 2012 at 4:47pm

accounting
A company purchased a machine on January 1 of the current year for $750,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of $75,000). During the machine's 5-year life its ...
Saturday, August 25, 2012 at 4:02pm

accounting
The City of Allentown recently received a donation of two items: A letter written in 1820 valued at $24,000 from James Allen and 1920 painting of the town's city hall, painting by same artist sold recently for $4,000.How do I do a journal capitalizing collectibles only ...
Saturday, August 25, 2012 at 12:05pm

Accounting
On July 1, 2011, ABC Grocers, Inc. purchased an investment in the 5 yr 10@ (stated rate) debt securities with a face value of $400,000 of Brighton Corporation, a publicly traded company. At the time of purchase the market interest rate for similar risk debt was 8%. Interest is...
Friday, August 24, 2012 at 9:23am

Accounting
Here is my question am I suppose to make journal entry. Cindy Lou makes $30,000 per year as an exempt employee. She worked 15 hours of overtime in the month of September. Payday for wages earned in the month of Septemberis October 7? Ignoring Federal and state income tax ...
Thursday, August 23, 2012 at 10:38pm

accounting
Kudos Leather Goods purchased the following items during the month of April: 1. April 12, 34 wallets @ $12.95 each 2. April 08, 24 wallets @ $13.10 each 3. April 18, 15 wallets @ $13.25 each 4. April 26, 20 wallets @ $13.27 each On April 1, the business had an inventory of 19 ...
Thursday, August 23, 2012 at 5:21pm

accounting
Kudos Leather Goods purchased the following items during the month of April: 1. April 12, 34 wallets @ $12.95 each 2. April 08, 24 wallets @ $13.10 each 3. April 18, 15 wallets @ $13.25 each 4. April 26, 20 wallets @ $13.27 each On April 1, the business had an inventory of 19 ...
Thursday, August 23, 2012 at 5:20pm

accounting
Determine the amount of interest expense that should be recorded in a year end adjusting entry under each of the following independent assumptions Interest rate 12%, Fiscal Year End December 31
Wednesday, August 22, 2012 at 4:44pm

Accounting
What is the purpose of financial statement analysis? What are some tools we might use to analyze financial performance? What might we use to benchmark our performance? Why?
Wednesday, August 22, 2012 at 11:13am

accounting
If the cost of, C(x), for manufacturing x units of a certain product is given by C(x)=x2-70x+4400, find the number of units manufactured at a cost of $7400?
Tuesday, August 21, 2012 at 9:27pm

Accounting
Q1). As the chief accountant of Breathless Perfume Pty ltd, you discover a significant misstatement that overstated net profit in this year’s financial statements. The misleading financial statements are contained in the company’s annual report, which is about to be ...
Sunday, August 19, 2012 at 8:37pm

accounting
acc 230 prepare a statement of cash flows for Little Bit Inc.
Saturday, August 11, 2012 at 2:23pm

Accounting
Hello I am not angry with you at all, however is there any way possible that you can help me with these two problems and we can call it even? Just let me know I am not trying to get over, however my computer had crashed and I am behind in class I purchased me a new laptop a ...
Friday, August 10, 2012 at 2:37pm

Accounting
Q1a: Complete Problem 14.1 on page 269 of the Collier text (solution is on page 501-502). Next work the problem again using the following variables: project yield annual net cash inflows are $10,500 for the next five years; interest rate of 16.5%, and the initial investment of...
Sunday, August 5, 2012 at 7:57pm

accounting
Accounting 103 ScrawnyOcean2290 asked Dominic Hunter, a second-year business student at the University of Utah, will graduate in two years with an accounting major and a Spanish minor. Hunter is trying to decide where to work this summer. He has two choices: work full-time for...
Sunday, August 5, 2012 at 7:49pm

accounting
explaintwo ways accounting data is used in abusiness decision
Friday, August 3, 2012 at 8:27am

Accounting
Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders’ equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; if so, identify all applicable...
Friday, August 3, 2012 at 1:49am

accounting
How do businesses determine what salvage values to use for their various assets? Are there “hard and fast” rules for salvage values?
Wednesday, August 1, 2012 at 4:59pm

Finance Accounting
Vanity Press, Inc., has annual credit sales of $1.6 million and a gross profit margin of 35 percent. a. If the firm wishes to maintain an average collection period of 50 days, what level of accounts receivable should it carry? (Assume a 365-day year.) b. The inventory turnover...
Tuesday, July 31, 2012 at 3:32pm

accounting
for a charity show the rate of adult passes Rs.20 more than the children pass.when a company sold 50 adult and 200 children passes,the amount collected is Rs.2250.find the price of an adult pass.
Tuesday, July 31, 2012 at 7:49am

accounting
Assume that a company purchases land for $100,000, paying $20,000 cash and borrowing the remainder with a long-term note payable. How should this transaction be reported on a statement of cash flows
Friday, July 27, 2012 at 6:02pm

system analysis and palnning
objective The Milestone Assignments are based on the Projects and Cases for use with the Systems Analysis and Design Methods textbook by Whitten & Bentley. There are six (6) parts to the Project, consisting of twelve (12) milestones. During Weeks 2-7, you will be required to ...
Thursday, July 26, 2012 at 11:07pm

accounting
The following information was made available from the income statement and balance sheet of Lauren Company. Item 12/31/10 12/31/09 Accounts Receivable $53,400 58,600 Accounts Payable 35,600 32,700 Merchandise Inventory 85,000 79,000 Sales (2010) 243,000 Interest Revenue (2010...
Wednesday, July 25, 2012 at 8:00am

accounting
1. Present entries to record the following summarized operations related to production for a company using a job order cost system: Please put a DR before your debits and and CR before credits and enter between each entry. (a) Materials purchased on account $167,000 (b) ...
Tuesday, July 24, 2012 at 7:54pm

accounting
Prepare a monthly Cash Budget in tabular form for the months of February, March and April; showing the bank balance at each month's end. Company Information and Background The following data is available from the various functional budgets prepared at Congo Limited. ...
Tuesday, July 24, 2012 at 7:17am

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