Number of results: 12,735
I'll start with the first part of my problem. This is a long assignment since it is a weekend one. Part 1: Incomplete Comparative Balance Sheet. The percentage of Increases/decreases are to the side. And Accumulated Depreciation is listed twice. I'm assuming that is right and ...
Sunday, October 1, 2006 at 1:07am by Dave
Here is my question, please help!!! 5. Assume that Z company's chief financial officer gave you the following information: net sales, $3,800,000; cost of goods sold, $2,100,000; extraordinary gain (net of income taxes of of $7,000), $25,000; loss from discontinued operations (...
Tuesday, December 5, 2006 at 12:52pm by Angel
I have to prepare an income statement from the following records. Can someone show me how? The following selected information is taken from the records of Beckstrom Corporation. Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . $ 35,000
Saturday, January 20, 2007 at 2:59pm by Ana
Acounting question. pls help
A firm has in the past provided for bad debts on the basis of 10% of yr end trade receivables.The provision brought forward(b/d)on 1 Jan 2006 was €520.During the yr ended 31 Dec 2006 the bad debts written off amounted to €620 & the remaining trade receivables totaled €7,400.On...
Wednesday, January 24, 2007 at 4:34pm by Mehreen
A firm has in the past provided for bad debts on the basis of 10% of yr end trade receivables.The provision brought forward (brought down) on 1 Jan 2006 was €520 During the yr ended 31 December 2006 the bad debts written off amounted to €620 and the remaining trade receivables...
Thursday, January 25, 2007 at 8:26pm by Mehreen
Intro Accounting - HELP
3. Dr. Colin Modella, an music history professor at the University of Arizona, supplements her income by selling cappuccino on campus to students and other faculty members when she is not teaching, doing research, creating curriculum, or attending committee meetings. She sells...
Wednesday, February 21, 2007 at 6:55pm by Jojo
Is unearned revenue included in the income statement? No, only the balance sheet.
Friday, February 23, 2007 at 8:37pm by Samantha
Prepare an income statement cash 16050.00 accounts receivable 1500.00 office supplies 1200.00 office equipment 18250.00 accounts payable 2350.00 Stanley Neal, Capital, 12850.00 fees income 36400.00 advertising expense 2750.00 salaries expense 7500.00 telephone expense 350.00 ...
Wednesday, June 6, 2007 at 8:51pm by Cher
Develop a set of pro forma financials (income statement and balance sheet only) for the next fiscal year-end using the percent-of-sales method. Assume that the company's sales have increased by 15%.for Exxon corp. balance sheet and income statement can be found on the web.Or I...
Monday, August 6, 2007 at 8:13pm by david
Brady Corporation is a leader in identification, safety, and material solutions. In 1998, the firm was hit hard by faltering foreign markets, so it embarked upon an aggressive campaign to redesign its cost structure. The firm believes this will help it to enhance future ...
Wednesday, August 8, 2007 at 10:19am by HELP PLEASE!!!!!!!!!!!!!!!!!!
B3 Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Ending Raw materia $26,000 $31,000 Work in process 77,000 59,000 Finished goods 124,000 139,000 The company applies ...
Friday, October 5, 2007 at 7:52pm by matt
Can someone check this for me thanks.... what information is the most valubale in a balance sheet? my answer: the most important type of information in a balance sheet is the overall or result after using the formula: assets = liabitlities + equity then also the end result of ...
Friday, October 19, 2007 at 7:59pm by student ac
I am struggling with the operating activities section of this as in what titles of accounts I should use in this section and do they decrease or increase the net income 2005 2004 Assets Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 53,875 $ 76,625 Accounts ...
Sunday, October 21, 2007 at 3:20pm by Tricia
A reason why absorption costing income statements are sometimes difficult for the manager to interpret is that: A)they omit variable expenses entirely in computing net operating income. B)they shift portions of fixed manufacturing overhead from period to period according to ...
Friday, November 16, 2007 at 10:15pm by matt
calculate taxable income for 2005: this is related informaton given for 2005: income statement: sales 41,100 cogs (23,725) GP 17375 SG&a (15,492) EBIT 1883 TAXES 25% Net income 1412 tax issues: all 2005 assets purchases were made on 9/27/05 no estimated tax payments have been ...
Saturday, November 17, 2007 at 8:53pm by tiaa
Z Corp. Balance Sheet 12/31 2000 2001 Cash $ 100 $120 Accounts receivable 250 260 Inventory 400 500 Equipment (net) 550 620 Total assets 1300 1500 Accounts payable 300 350 Mortgage payable 500 500 Capital stock (100 Shares) 200 200 Retained earnings 300 450 Total equities 1300...
Sunday, November 18, 2007 at 10:29am by Jack
XYZ Corp. Balance Sheet 12/31 2001 Cash $120 Acct. Receivable 260 Inventory 500 Equipment (net) 620 Total assets $1500 Acct. Payable 350 Mortgage payable 500 Capital Stock (100 shares) 200 Retained earinings 450 total equities 1500 Z corp income statement FYE 12/31/01 Sales $...
Sunday, November 18, 2007 at 5:07pm by Jack
Argo Sales Corporation has in recent years maintained the following relationships among the data on its financial statements: Gross profit margin 40% Net profit margin 10% Rate of selling expenses to net sales 20% Accounts receivable turnover 8 times per year Inventory ...
Thursday, November 29, 2007 at 10:08pm by Peace
Yea thats what I am thinking now. cause this is what i found as a defintion of deferred expense A cost that has been recorded in the accounting records and reported on the balance sheet as an asset until matched with revenues on the income statement in a later accounting period.
Thursday, November 29, 2007 at 10:04pm by Carrie
1. An item which may be converted to cash within one year or one operating cycle of the firm is classified as a A) current liability. B) long-term asset. X C) current asset. D) long-term liability. 2. Which account represents the cumulative earnings of the firm since its ...
Sunday, July 13, 2008 at 6:24pm by carrie