Homework Help: Business: Accounting

Recent Homework Questions About Accounting

accounting
When Collum Corporation was organized in January 2011, it immediately issued 10,000 shares of $60 par, 5 percent, cumulative preferred stock and 20,000 shares of $10 par common stock. The company's earnings history is as follows: 2011, net loss of $15,000; 2012, net income...
Sunday, March 13, 2011 at 5:19pm

accounting
Jackson Company invests in a new piece of equipment costing $40,000. The equipment is expected to yield the following amounts per year for the equipment's four-year useful life: Cash revenues $ 60,000 Cash expenses (32,000) Depreciation expenses (straight-line) (10,000) ...
Friday, March 11, 2011 at 11:54pm

accounting
Van Meter Company is considering the purchase of the following computer equipment, which is considered 5-year property for tax purposes: Acquisition cost $500,000 Annual cash flow $180,000 Annual operating costs $30,000 Expected salvage value $-0- Cost of capital 12% Tax rate ...
Friday, March 11, 2011 at 11:53pm

accounting
Information about a project Darcy Company is considering is as follows: Investment $1,000,000 Revenues $700,000 Variable costs $140,000 Fixed out-of-pocket costs $80,000 Cost of capital 12% Tax rate 40% The property is considered 5-year property for tax purposes. The company ...
Friday, March 11, 2011 at 11:42pm

Accounting
American Food Services, Inc., leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2011. The lease agreement for the $4 million (fair value and present value of the lease payments) machine ...
Thursday, March 10, 2011 at 9:36am

Accounting
On June 30, 2011, Georgia-Atlantic, Inc., leased a warehouse facility from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $585,423 over a three-year lease term, payable each June 30 and December 31, with the first ...
Thursday, March 10, 2011 at 9:35am

accounting
Lone Star Theatre Inc. owns and operates movie theaters throughout Arizona and Texas. Lone Star Theatre has declared the following annual dividends over a six-year period: 2005, $7,500; 2006, $9,000; 2007, $30,000; 2008, $30,000; 2009, $40,000; and 2010, $48,500. During the ...
Wednesday, March 9, 2011 at 12:20pm

financial accounting
I am having trouble figuring out my accounts payable and capital. Any help on going about and solving this would be greatly appreciated. I have listed the data below... Travis Fortney, an architect, opened an office on April 1, 2010. During the month, he completed the ...
Tuesday, March 8, 2011 at 11:36am

accounting
onlinesolutionproviders Get free homework and earn as well
Monday, March 7, 2011 at 12:10pm

accounting 1
what accounting principle would changing methods every year violate?
Monday, March 7, 2011 at 10:26am

accounting
Capwell Corporation uses a periodic inventory system. The company's ending inventory on December 31, 2011, its fiscal-year end, based on a physical count, was determined to be $326,000. Capwell's unadjusted trial balance also showed the following account balances: ...
Sunday, March 6, 2011 at 6:58pm

accounting
please help me to get the answers choices below just choice the letter provied. thanks a lot 1.Asset would be increased by : a.Debit to Prepaid Insurance b.Debit to expense c.Credit to Cash d.Debit to Notes Payable 2.Failure to record a bill from Meralco for services already ...
Sunday, March 6, 2011 at 6:52pm

accounting
please help to get the correct of questions beloww..thanks i hope you can help me thanks ang god bless you always. 1.the cost-benefit constraint 2.importance of financial accounting 3.explain nuetrality and how can you say if an accounting information is nuetral?
Sunday, March 6, 2011 at 9:43am

advanced accounting
prepare the investment-related entries on pert company's books for 2009
Saturday, March 5, 2011 at 9:01pm

cost accounting
prepare the necessary journal entry to close the overhead account if the balance is considered immaterial
Saturday, March 5, 2011 at 3:52pm

accounting management
please help me to define these words below thanks a lot differentiate Management and Financial Accounting
Saturday, March 5, 2011 at 3:00pm

management accounting
kindly please can you help me to get the correct answer for this question below thanks a lot.. differentiate Accounting from Auditing and Bookkeeping
Saturday, March 5, 2011 at 2:59pm

accounting
kindly please can you help me to get the correct answer for this question below thanks a lot.. differentiate Accounting from Auditing and Bookkeeping
Saturday, March 5, 2011 at 3:15am

accounting management
please help me to define these words below thanks a lot differentiate Management and Financial Accounting
Saturday, March 5, 2011 at 3:13am

accounting
For each of the following, indicate the accounting concept or constraint that has been violated, if any: 1) The company currently records its accounting transactions and prepares its financial reports manually. The cost of using a new computerized accounting system to do these...
Friday, March 4, 2011 at 10:22am

ACCOUNTING
Department A had 10,000 units in work in process that were 30% converted at the beginning of the period at a cost of $10,000. During the period, 15,000 units of direct materials were added at a cost of $60,000, 16,000 units were completed, and 9,000 units were 40% completed. ...
Thursday, March 3, 2011 at 8:13am

Accounting
In 2014 ABC Company reported net income of $100,000. What would be the effect on retained earnings on ABC Company's balance sheet and on its 2015 income statement if it didn't record a closing entry?
Wednesday, March 2, 2011 at 11:08pm

Accounting
What is the journal entry for the following? Stan opened a bank account in the name of SSRC and deposited $10,000 of his savings into the account.
Wednesday, March 2, 2011 at 6:37pm

Accounting
Cadzow Inc purchases all of its inventory on credit. On January 1, 2008 Cadzow had $1,750,000 of Inventory. Cost of goods Sold during 2008 was $5,650,000. The beginning and ending balances in Cadzow’s Accounts Payable account on January 1, 2008 and December 31, 2008 were...
Wednesday, March 2, 2011 at 6:18pm

accounting
Brianna Moore is an accountant for New World Pharmaceuticals. Her duties include tracking research and development spending in the new product development division. Over the course of the past six months, Brianna noticed that a great deal of funds have been spent on a ...
Wednesday, March 2, 2011 at 9:38am

accounting
Brevard County needs a new county government building that would cost $24 million dollars. The politicians feel that voters will not approve a municipal bond issue to fund the building since it would increase taxes. They opt to have a state bank issue $24 million of tax exempt...
Wednesday, March 2, 2011 at 9:34am

accounting
I need help with Intermediate Accounting 303 on-line
Tuesday, March 1, 2011 at 12:48am

accounting
did these questions ever get answered
Sunday, February 27, 2011 at 9:37pm

managerial accounting
Department A had 10,000 units in work in process that were 30% converted at the beginning of the period at a cost of $10,000. During the period, 15,000 units of direct materials were added at a cost of $60,000, 16,000 units were completed, and 9,000 units were 40% completed. ...
Sunday, February 27, 2011 at 8:29am

Managerial accounting
What is the method of inventory costing that assumes the unit product costs should be determined separately for each period i the order in which the costs were incurred? I think it is "process cost system". Is that right?
Sunday, February 27, 2011 at 8:21am

Accounting
Cambridge Manufacturing Company, Inc. has 200 labor-hours available. There is no limit on machine hours. Cambridge can sell all of Product B that it wants, but it can only sell 30 units and 20 units of Products A and C, respectively. Product-A Product-B Product-C Contribution ...
Saturday, February 26, 2011 at 10:50pm

Accounting
Ferguson Company was started in 2008 when it acquired $60,000 from the issue of common stock. The following data summarize the company's first years' operating activities. Assume that all transactions were cash transactions. 2008 2009 2010 Purchase of Inve 24,000 12,...
Saturday, February 26, 2011 at 4:13pm

accounting
a song or poem to help remember the defintion of accountig
Saturday, February 26, 2011 at 11:40am

Accounting
The cost of an asset less accumulated depreciation equals what
Friday, February 25, 2011 at 10:00pm

Financial Accounting
What financial statement or document would a business use to account for losses, damaged goods, and stolen inventory?
Friday, February 25, 2011 at 8:55am

Accounting
The primary objective in job order costing is to determine the cost of materials, labor, and factory overhead used to produce a specific order or contract. Cost estimates are made when the order is taken, and the job order procedures are designed to reveal costs as the order ...
Friday, February 25, 2011 at 12:08am

Accounting
Cost Allocation is a method to identify and distribute indirect costs. Direct costs are costs assignable to a specific cost objective, whereas indirect costs are costs incurred for multiple cost objectives or not assignable to a specific cost objective without effort ...
Friday, February 25, 2011 at 12:04am

Accounting
Give an example of an existing cost center. Why is it a cost center? Explain.
Thursday, February 24, 2011 at 11:52pm

Accounting
Capital budgeting emphasizes the key role management has in value creation by taking projects and expanding the size of the firm if profitable. Do you agree or disagree with this statement? Why or why not?
Thursday, February 24, 2011 at 11:12pm

acc250
Please post your response to the following: Chapter 5 discusses internal control. Why are internal controls and audit trails important in a computerized accounting system?
Thursday, February 24, 2011 at 10:26am

accounting
a mutual fund has total assets of $57000000 and liabilities of $ 8550000. if 15960000 shares are outstanding, what is the net asset value of the fund?
Wednesday, February 23, 2011 at 1:55pm

Accounting
how do i record a refund on a accounting equation?
Wednesday, February 23, 2011 at 12:03pm

cost accounting
Underapplied or overapplied overhead, prepare the necessary journal entry to close the overhead account if the balance is considered immaterial
Tuesday, February 22, 2011 at 10:16pm

Advance Accounting
How do I prepare a consolidated elimination worksheet when the parent purchases all of subsidiary's bonds on open market?
Sunday, February 20, 2011 at 8:14pm

managerial accounting
Submit a paper on one of the major topics listed below using one of the recommended journal articles found in the syllabus as the basis for the paper and incorporating at least two other related articles of the student’s choice: Cost Management Outsourcing Supply Chain ...
Sunday, February 20, 2011 at 5:32pm

Personal Finance
From the throne room in your base station on Alpha Centauri-in the video game Galactic Empire-you dispatch your loyal, obedient minions to use their diligence and skill to loot the universe on your behalf and return with the treasure for its accounting and their compensation. ...
Thursday, February 17, 2011 at 1:15pm

accounting
how do you write a program for an accountant using java to calculate income tax?
Wednesday, February 16, 2011 at 7:58pm

accounting
Notified by Alex's Engineering Co that Success's bid of $9000 on a proposed project has been accepted. Alex's paid a $2500 cash advance to success systems. My question is how am i going to put or write this transaction on journal entry? Do i just ignore 9000 and ...
Wednesday, February 16, 2011 at 3:11pm

advanced accounting
purchas, date of acquisition
Wednesday, February 16, 2011 at 12:58am

advance accounting
consolidation,prepare the journal entries on books of phillips to recod the acquistion of solina company's net assets
Wednesday, February 16, 2011 at 12:40am

advanced accounting
allocation of purchase price to various assets and liabilities
Wednesday, February 16, 2011 at 12:24am

advance accounting
prepare a balance sheet for petrello company immediately after the merger
Tuesday, February 15, 2011 at 10:05pm

advance accounting
acquisiton method
Tuesday, February 15, 2011 at 9:53pm

Accounting Systems
How does information flow between departments at your organization? Why do some organizations continue to use both manual and computerized systems? What are the problems associated with dependence on human information processing and paper documentation? Explain your response. ...
Tuesday, February 15, 2011 at 3:21pm

Accounting 280
E15 1
Monday, February 14, 2011 at 3:24am

Immediate accounting
make a journal entry received cash for 1600 frome customer for rent from dec 2009 thru mar 2010 I have more room than I need so i rented out the area
Saturday, February 12, 2011 at 12:28am

accounting
V P3-10. Calculating Present Value of a Savings Fund. (Obj. 5) Hal Thomas wants to establish a savings fund from which a community organization could draw $850 a year for 45 years. If the account earns 6 percent, Hal will have to deposit $ now to achieve this goal.
Friday, February 11, 2011 at 10:34pm

financial managerial accounting
Boeing Company is the largest manufacturer of commercial aircraft in the United States and is a major employer in Seattle, Washington. Explain why each of the following individuals or organizations would be interested in financial information about the company.
Friday, February 11, 2011 at 5:02pm

business accounting
can someone help me with some information on each one of this. Employee Receives Either Rewards or Punishments Employee Identifies Need Employee searches for ways to satisfy these needs Employee Reassess Need Deficiencies Employee Performs Employee Selects Goal-directed ...
Thursday, February 10, 2011 at 9:59pm

business accounting
what dose Lack of prejudice mean
Thursday, February 10, 2011 at 9:56pm

business accounting
can some one help me with a web-sit for this question. Create a Rewards and Recognition Program. Illustrate your ideas and information with examples of how frequent feedback and recognition can be delivered. ► Include Justification Time frame How results will be evaluated
Thursday, February 10, 2011 at 3:57pm

Finance/Accounting
How did the Sarbanes-Oxley Act affect the accounting profession? Did it change their relationship to businesses?
Wednesday, February 9, 2011 at 11:44pm

business accounting
is there a web sit that will help we with. What does a manager have to do to get an employee's needs met at one level of Maslow's pyramid so they can progress to another level of the pyramid.
Wednesday, February 9, 2011 at 4:36pm

business accounting
can someone help me with some poniter on Give examples of motivational factors for each level of Maslow's Hierarchy of Needs pyramid.
Wednesday, February 9, 2011 at 1:04pm

business accounting
Examples to illustrate your understanding and application of each level of the Maslow model. i need some powerpoint idles
Wednesday, February 9, 2011 at 1:00pm

business accounting
can anyone help me with ideas for motivational theories that will impact both management and employees. for a powerpoint
Wednesday, February 9, 2011 at 12:13pm

business accounting
Why does frequent feedback and recognition have a more powerful impact on long-term performance than a review once a year accompanied by a merit pay increase? Create a Rewards and Recognition Program. Illustrate your ideas and information with examples of how frequent feedback...
Wednesday, February 9, 2011 at 12:07pm

Business Law/ Partnership Contract
I'm trying to write a partnership contract but not sure if it sounds ok....Please let me know if I should change anything. This Agreement is made between Tim (“Couch”) and Bert (“Parker”) on February 1, 2011. Couch and Parker are sometimes referred to ...
Tuesday, February 8, 2011 at 11:59am

Accounting
Starfax, Inc., manufactures a small part that is widely used in various electronic products such as home computers. Operating results for the fi rst three years of activity were as follows (absorption costing basis): In the latter part of Year 2, a competitor went out of ...
Tuesday, February 8, 2011 at 8:06am

Administration
The local school system asks you to submit a proposa to do pre-employment physicals for sixty bus drivers. Wha financialor accounting inrmation do you need to submit a proposal? What will you charge the school bus system?
Monday, February 7, 2011 at 3:47pm

Managerial Accounting
A food division reported cost of sales-food of $198,680. Employees' meals cost $1,225, complimentary meals $142 and transfers in were received from teh bar operaton with a cost of &82. Determine the net cost of sales.
Sunday, February 6, 2011 at 1:19pm

accounting
Identify several ways in which you currently use accounting information in your life as a student. Also identify several situations in which, while you are still a student, you might be required to supply financial information about yourself to others?
Sunday, February 6, 2011 at 12:40pm

Accounting ethics
I got some help to get started but the material still seems like a foreign language. Someone layed out a nice outline for me to follow, but without understanding the material I still can't get anywhere. It is how to CONDUCT a stakeholder analysis I am stuck on. The few ...
Friday, February 4, 2011 at 9:01pm

Accounting Ethics
Please, please, please help me I do not understand the material!! This is for a 30 point checkpoint that was due Wednesday. I haven't gotten far because I don't get the stakeholder impact analysis. I got 95% on the appendix B matrix about consequentialism, deontology, ...
Friday, February 4, 2011 at 9:54am

Accounting Ethics
Please, please, please help me!! I got 95% on the appendix B matrix about consequentialism, deontology, and virtue ethics. I also understand the 3 approaches to decision making the 5-question, Pastin's and Moral Standards approaches, but do not understand this assignment ...
Thursday, February 3, 2011 at 11:31pm

Managerial Accounting
Trottman, M. & Carey, S. (2000, October 19). American’s net soars, but high oil prices sting U.S. Airways. The Wall Street Journal. Submit a paper on one of the major topics listed below using one of the recommended journal articles found in the syllabus as the basis for ...
Thursday, February 3, 2011 at 1:33pm

Ethics Accounting
I got 95% on the appendix B matrix about consequentialism, deontology, and virtue ethics. But do not understand this assignment about stakeholder impact analysis. Can someone please get me started? Describe, in 200 to 300 words, how you might conduct a stakeholder impact ...
Thursday, February 3, 2011 at 9:54am

accounting
Why might an analyst incorporate the industry-market-size factor and the interrelationships among the growth, price-recovery, and productivity components into a strategic analysis of operating income?
Wednesday, February 2, 2011 at 3:25pm

Financial Accounting
From the information that follows, prepare an income statement and balance sheet for ABC Management Consulting for presentation at the annual board of directors meeting. Use proper formatting of financial statements by reviewing the various illustrations and exhibits in the ...
Tuesday, February 1, 2011 at 3:04pm

accounting
how can I solve this problem stockholders invest $25,000 cash in the corporation
Tuesday, February 1, 2011 at 2:32am

Accounting
On Hune 1, Coble Company Ltd. borrows $40,000 from first Bank on a 6-month, $40,000, 9% note. The note matures on December 1. a) Prepare the entry on June 1. b)Prepare the adjusting entry on June 30. c) Prepare the entry at maturity(december 1), assuming monthly adjusting ...
Monday, January 31, 2011 at 4:54pm

accounting
Cypress purchased a 50,000-hectare tract of timber land at Westerlund on June 7,2010, for $50 million, paying $10 million cash and signing a % mortgage payable for the balance. Principal payments of $8 million and the annual interest on the mortgage are due each December 31. ...
Sunday, January 30, 2011 at 6:50pm

accounting
identify assumptions and concepts and correct entries. On December 31, SGI Company's fical year end, a 12-month insurance policy for the following year was purchased. The following entry was made: DR. insurance expense $24000 CR. cash $24,000
Sunday, January 30, 2011 at 5:55pm

Accounting-Journal Entry
Cypress purchased a 50,000-hectare tract of timber land at Westerlund on June 7,2010, for $50 million, paying $10 million cash and signing a % mortgage payable for the balance. Principal payments of $8 million and the annual interest on the mortgage are due each December 31. ...
Sunday, January 30, 2011 at 5:16pm

accounting
identify assumptions and concepts adn correct entries. The company used the average cost formula to determine that the cost of merchandise inventory at december 31 was $65,000. on December 31, it would have cost $80,000 to replace the merchandise inventory, so the following ...
Sunday, January 30, 2011 at 4:48pm

Intermediate Accounting
E6-10 Assume that Serena Williams desires to accumulate $1 million in 15 years using her market fund balance of $182,696. At what interest rate must Serena's investment compound annually? I came up with 12,179.733 per year; but know this is incorrect.
Sunday, January 30, 2011 at 1:29pm

Intermediate Accounting
E6-5 Mike Finley wishes to become a millionaire. His money market fund has a balance of $92,296 and has a guarateed interest rate of 10%. How many years must Mike leave that balance in the fund in order to get his disired $1,000,000? I am getting $9,229.60 and know this is not...
Sunday, January 30, 2011 at 1:25pm

Public Finance
A corporation has $7 mil. in equity. During the tax year it takes in $4 million in receipts and earns $ 2 million in capital gains from sale of subsidiary. It incurs labor costs of $1 million, interest costs of $250,000, material costs of $500,000, and pays rent for structure ...
Saturday, January 29, 2011 at 9:01pm

accounting
Write a word problem involving a discounted price. Describe the situation and pose the question, but DO NOT SOLVE the problem.
Saturday, January 29, 2011 at 5:53pm

accounting
Write a 700- to 1,050-word paper, using APA guidelines, based on the scenario below. You want to start your own business. You found an investment group that is willing to give you the capital needed for the first year of your business, but only if you can convince them you ...
Saturday, January 29, 2011 at 12:05am

accounting cash flow
Hi, i have a problem with my statement of cash flow, I did all the work but I just can not seem to find the "cash at beginning of year" part. Does anyone know how to calculate this? Here is the question: Ohio Enterprises was organized on January 1, 2010, with the ...
Friday, January 28, 2011 at 12:07am

Intermediate Accounting
I am having a hard time calculating this my question is On April 1, 2011, the company paid an insurance company $4,000 for a two-year fire insurance policy. The entire $4,000 was debited to insurance expense. How do I calculate?
Tuesday, January 25, 2011 at 12:12pm

com155
I need helping pointing out all the verbs and tenses. My education plays (present tense) a very important role in my life. It will be (future tense) a major role in my successful financial planning. I have completed (present perfect tense) a personal financial class which has ...
Sunday, January 23, 2011 at 11:31pm

business
With respect to Arthur Andersen, a large and well-known public accounting and consulting firm, the Legal Briefcase box, "Paying the Price" explains
Sunday, January 23, 2011 at 5:46pm

accounting
The adjusted trial balance columns of the worksheet for Porter Company are as follows
Sunday, January 23, 2011 at 11:14am

English
Write 5 sentences about the role of education in successful financial planning, in which you correctly use a different verb tense in each. 1. Education "is very" (simple present tense) important in your critical role for financial success. 2. I'm "trying&...
Sunday, January 16, 2011 at 6:13pm

accounting
CHOI ENTERPRISES Inv. No. Check Date Description Name or Date No. Terms Amount Dec. 16 Merchandise sold (cost $4,600) Hanna Seppa 916 2/10, n/30 $7,700 17 Received credit memo on returned merch. Funk Company Dec. 15 1,040 17 Purchased office supplies KK's Supply Company ...
Sunday, January 16, 2011 at 12:18am

accounting
BISHOP COMPANY Inv. No. Check Date Description Name or Date No. Terms Amount Mar. 1 Received merchandise and invoice Soy Industries Mar. 1 2/15, n/30 42,600 2 Merchandise sold (cost $7,900) Min Cho 854 2/10, n/30 15,800 3 Purchased office supplies Stacy Company Mar. 3 n/10 EOM...
Sunday, January 16, 2011 at 12:15am

College Accounting
P2-1A Frontier Park was started on April 1 by C. J. Mendez and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock. 4 Purchased land costing $30,000 for cash. 8...
Saturday, January 15, 2011 at 3:38pm

acounting
TEST XQ's Software Development Division (SDD) has developed several architectural design software packages. One software package that they have developed is being sold to English Company for $250,000 or 325,000 pounds. The cost of developing the software was $195,000. As ...
Friday, January 14, 2011 at 8:33pm

accounting
Journalizing in a General Fund: Modified Accrual Basis: Issued $20 million in long-term bonds. Acquired several tracts of land at a total cost of $4million, paying the entire amount in cash.
Thursday, January 13, 2011 at 12:22am

accounting
The following transactions occurred during March 2009 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 30,000 shares of common stock in exchange for $300,000 in cash. 2. Purchased equipment of a cost of $40,000. $10,000 cash was ...
Wednesday, January 12, 2011 at 12:46pm

accounting
A bond price of $987.50 has a face value of $1000, pays 5% semiannually, and will repay the face value in 15 years. 5% tables Present Values Pv Annuity year 13 .53032 9.39357 year 14 .50507 9.89864 year 15 .48102 10.37966 What is the yeild to maturity of the loan a) 4.9% b) 5....
Monday, January 10, 2011 at 7:37pm

accounting
Select a company that you are familiar with from the transportation industry. •Collect the 4 main financial statements from credible sources (e.g., nationally syndicated newspapers, peer-reviewed journals, investor relations, Web sites or annual reports. •Create a ...
Monday, January 10, 2011 at 2:06pm

accounting
What potential problems can arise if a company incorrectly classifies costs? Example, what if an inventoriable cost is classified as a period cost?
Sunday, January 9, 2011 at 5:02pm

accounting 205
•Describe for the students the primary objectives of accounting. •Explain the basic terminology of the accounting process or financial reporting. •Explain how accounting can affect your personal life emphasizing professional ethics
Sunday, January 9, 2011 at 2:23pm

accounting
What is the impact on the income statement if the cost of goods availaable were to be incorrectly assigned to the cost of goods sold? Also, is there an impact to the balance sheet?
Saturday, January 8, 2011 at 2:27pm

Accounting
How do you calculate the 'Capital stock at the end of the year' with the following information? Revenues: $375,000 Expenses: $297,000 Net Income: $78,000 Retained earnings at the beginning of the year: 0 Retained earnings at the end of the year: $68,000 Liabilities at ...
Friday, January 7, 2011 at 9:02pm

accounting
You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant. Describe for the students the primary objectives of accounting. Explain the basic terminology of the ...
Friday, January 7, 2011 at 5:28pm

accounting
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?
Thursday, January 6, 2011 at 9:21pm

Intermediate Accounting 305
You have just been hired as a consultant to Tangier Industries, a newly formed company. The company president, John Meeks, is seeking your advice as to the appropriate inventory method Tangier should use to value its inventory and cost of goods sold. Mr. Meeks has narrowed the...
Wednesday, January 5, 2011 at 12:19pm

accounting
Case 1 (8 marks) Bona Bonjela works as a bricklayer and earns $45,500 per annum. His wife, Leslie, has a part-time job in which she earns $18,500 per annum. Leslie has been left an inheritance of $300,000 by her aunty. If this money is invested in a bank deposit, it will ...
Wednesday, January 5, 2011 at 2:48am

accounting
I'm stumped in reference to figuring the answer for the following question. If anyone can help I would be so thankful. The question is as follows: A county fire department receives property tax revenue on a 55% (December), 40% (April), 5% (June) basis. The uncollectible ...
Sunday, January 2, 2011 at 8:53pm

Accounting
Write a memorandum addressed to Irving Backbreaker, the CEO of Delorean Inc., a local carmaker, that addresses the issues you face with turning around Delorean Inc., which is on the brink of bankruptcy. Limit your discussion to identifying issues you see, your next step(s) and...
Sunday, January 2, 2011 at 10:57am

accounting
What is a permanent journal entry?
Wednesday, December 29, 2010 at 6:37pm

Advanced Accounting
The following data are taken from the statement of affairs of the Monroe Company. (Assume that the realizable values of assets are accurate.)
Wednesday, December 29, 2010 at 1:23am

everest
The temporary owners equity are closed because they apply to only one accounting period?
Monday, December 20, 2010 at 10:53am

accounting
Canine Company produces and sells dog treats for discriminating pet owners. The unit selling price is $10, unit variable costs are $7, and total fixed costs are $3,300. What are breakeven sales?
Sunday, December 19, 2010 at 11:14pm

accounting
Please help me. acc225 Internal control recommendations •Complete Exercise 8-1 What internal control procedures would you recommend in each of the following situations? 1. A concession company has one employee who sells T-shirts and sunglasses at the beach. Each day, the ...
Sunday, December 19, 2010 at 9:18pm

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,...
Friday, December 17, 2010 at 12:52am

accounting
as an alternative to the old machine, the company can rent a new one. it will cost 5,000$ a year. in analysing the cost-volume behaviour the rental is what kind of cost?
Tuesday, December 14, 2010 at 4:21am

Cost accounting
each bill 1500 hours per year and receive pay of $100,000 each. Four paralegal work for the firm and each receives pay of $40,000 and works 2,000 hours per year. Overhead of $396,000 is anticipated, of which $300,000 is attorney support, and the rest is paralegal support. ...
Monday, December 13, 2010 at 10:55am

accounting
Houser Appliances accounts for all sales of its merchandise on the installment basis. Following is the unadjusted trial balance at 12/31/12. Cash $45,000 Installment accounts receivable—2010 20,000 Installment accounts receivable—2011 50,000 Installment accounts ...
Saturday, December 11, 2010 at 2:51am

accounting
Perez Company began operations in 2009. Since then, it has reported the following gains and losses for its investments in trading securities on the income statement: 2009 2010 2011 Gains (losses) from sale of trading securities $ 15,000 $(20,000) $ 14,000 Unrealized holding ...
Saturday, December 11, 2010 at 2:50am

Intermediate Accounting
Prepare all the necessary journal entries to record the following transactions: 1. Sale of a 20 year convertible bond (dated March 1, 2001) with a face value of $1,000,000, interest rate 5%. The bonds were sold 4 months later on June 30, 2001 at 98 plus accrued interest of $16...
Saturday, December 11, 2010 at 2:49am

Intermediate Accounting
Total contract price $100,000 Actual costs during 2006 20,000 Estimated remaining costs 40,000 Billed to customer during 2006 30,000 Received from customer during 2006 10,000 16. Under the completed contract method, how much should Hickam recognize as gross profit for 2006? a...
Saturday, December 11, 2010 at 2:47am

Intermediate Accounting
During 2009 Bradley Corporation issued for $110 per share, 5,000 share of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Bradley’s $25 par value common stock at the option of the preferred stockholder. On ...
Saturday, December 11, 2010 at 2:44am

Intermediate Accounting
Wolf Company issued 1,000 of its $1,000 face amount, 20-year bonds on June 30, 2010, for $1,020,000. Each bond carries five detachable stock purchase warrants, each of which entitles the holder to purchase for $60 one share of Wolf’s common stock. On June 30, 2010, the ...
Saturday, December 11, 2010 at 2:44am

Intermediate Accounting
Information relating to the capital structure of Parke Corporation is as follows: ` December 31 2008 2009 Outstanding shares of: Common stock 90,000 90,000 Preferred stock, convertible into 30,000 shares of common 30,000 30,000 10% convertible bonds, convertible into 20,000 ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
On January 4, 2002, Wynn, Inc., bought 15% of Parr Corporation’s common stock for $60,000. Wynn appropriately accounts for this investment by the cost method. The following data concerning Parr are available for the years ended December 31, 2002 and 2003: 2002 2003 Net ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
Burr Corporation began operations on January 1, 2007, and at December 31, 2007, Burr had the following investment portfolio of marketable equity securities: In current assets In noncurrent assets Aggregate cost $185,000 $275,000 Aggregate market value 150,000 225,000 Net ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
Island Builders, Inc., has consistently used the percentage-of-completion method of accounting for construction type contracts. During 2004 Island Builders started work on a $9,000,000 fixed-price construction contract that was completed in 2006, Island Builders’ ...
Saturday, December 11, 2010 at 2:41am

Intermediate Accounting
On February 24, 2006, Bart Company purchased 2,000 shares of Winn Corporation’s newly issued 6% cumulative $75 par preferred stock for $152,000. Each share carried one detachable stock warrant entitling the holder to acquire at $10, one share of Winn no-par common stock. ...
Saturday, December 11, 2010 at 2:41am

Intermediate accounting
Rosson Corporation, which began business on January 1, 2008, appropriately uses the installment sales method of accounting for income tax reporting purposes. The following data are available for 2008: Installment accounts receivable, 12/31/2008 $200,000 Installment sales for ...
Saturday, December 11, 2010 at 2:39am

cost accounting
fixed cost relating to staging a concert are 350,000. variable cost per patron are $5.00. the selling price for a tickets $25.00. The blue Saints band has sold 23,000 tickets so far. How many ticket does the Blue Saints band need to sell to achieve net income of $75,000.
Friday, December 10, 2010 at 3:53pm

cost accounting
market a new product for 2.00 a unit. fixed costs to manufacture this product are 100,000. the contribution margin is 40 percent. how many units must be sold to realize net income of 100,00 from this product?
Friday, December 10, 2010 at 3:39pm

cost accounting
it a medium-size manufacturer of bicycles. during the year a new line call "Radical" was made available to Frank customers. The break-even point for sales of Radical is 250,000 with a contrbution margin ratio of 40 percent. Assuming that the profit for the radical ...
Friday, December 10, 2010 at 3:30pm

Cost accounting
The company is planning to sell product z for $10 a unit. Variable costs are $6 a unit and fixed cost are $100,000. What must total sales be to break even?
Friday, December 10, 2010 at 3:21pm

accounting
This is the question: "Use page 3 of the journal. Jornalize and post the adjusting entries." Can you tell me how to do that?
Friday, December 10, 2010 at 12:51pm

accounting
which of the following is never considered in incremental analysis? a. incremental revenue b.sunk cost c.incremental profit d. differential costs
Thursday, December 9, 2010 at 9:39pm

accounting
Does the flexible budget term mean A series of budgets for varying rates of activity?
Tuesday, December 7, 2010 at 4:56pm

Strayer University
what would you think of a company's ethics if it changed accounting methods every year? what accounting principle would changing methods every year violate? who can be harmed when a company changes its accounting methods too often? How?
Monday, December 6, 2010 at 9:17pm

accounting
Howell Corporation purchased $350,000 of its bonds on June 30, 2010, at 102 and immediately retired them The carrying value of the bonds on the retirement date was $339,500. The bonds pay semiannual interest and the interest payment due on June 30, 2010, has been made and ...
Sunday, December 5, 2010 at 6:13pm

Accounting Specialized Journals
In store credit customer makes purchase on account for $50.00, invoice #18. What do the enteries look like using specialized journals, general ledger and subsidiary ledger sheets please?
Sunday, December 5, 2010 at 4:20pm

Accounting Specialized Journals
Store owner makes a $80.00 purchase, goods for resale, and uses check $143. Using Specialized journals, general ledger and subsidiary account, what is the correct posting please.
Sunday, December 5, 2010 at 4:16pm

Accounting Specialized Journals
what does customer pays $150.00 toward account at store. What does that look like using specialized journals, general ledger and subsidiary ledgers please
Sunday, December 5, 2010 at 4:13pm

Accounting Specialized Journals
how to use specialized journals, general ledger, and subsidiary ledger sheets to ... business owner purchased $200 product on account to be resold...what does that correctly look like, please?
Sunday, December 5, 2010 at 4:08pm

accounting
What benefits do you see for the U.S. economy in tax-sparing credits? Should it be expanded or reduced? Why or why not? The North American Free Trade Agreement (NAFTA) has tax consequences. Discuss the costs and benefits as you see them for the U.S. from NAFTA.
Sunday, December 5, 2010 at 2:00pm

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