Accounting

  1. Accounting 306
    In which account are post-dated checks receivable classified
  2. Accounting 306
    multiple choice_conceptual Which if the following is not considered cash for financial reporting?
  3. accounting
    Courtland Company has a decentralized organization with a divisional structure. Each divisional manager is evaluated on the basis of ROI. The Plastics Division produces a plastic container that the Chemical Division can use. Plastics can produce up to 100,000 of these ...
  4. accounting
    Courtland Company has a decentralized organization with a divisional structure. Each divisional manager is evaluated on the basis of ROI. The Plastics Division produces a plastic container that the Chemical Division can use. Plastics can produce up to 100,000 of these ...
  5. accounting
    Assume that all of the plastic containers produced can be sold to external customers for $12 each. The Chemical Division wants to buy 20,000 containers per year. What should the transfer price be? Briefly explain
  6. Accounting
    How do I calculate shareholders equity from the following data? htt ps://i mgur.c om/a/SkMTpBV I added equity share, preference share, reserves and share premium, but didn't get the answer as mentioned. Any help would be appreciated.
  7. accounting
    Shower Sales Ltd sells plumbing fittings in a rapidly developing area. Its sales in June are $500 000. From recent experience, the manager can confidently predict that sales will increase 10% each month cumulatively. 10% of sales are for cash, 80% are paid for in the next ...
  8. accounting
    as the prepaid workers compensation is recognized the amount will transfer to
  9. accounting
    what is a ledger used for
  10. Accounts
    Assuming a proprietorship, partnership, and corporation earns equal amount of income and it is distributed evenly among owners, the amount collected by government toward tax will be: Select one: a. highest for proprietorship. b. highest for corporation. c. least for ...
  11. Physics
    A 2kg mass moving with a velocity of 7 m/s collides elastically with a 4 kg mass moving in the opposite direction at 4 m/s. The 2 kg mass reverses direction after the collision and has a new velocity of 3 m/s. What is the new velocity of the 4 kg mass? My first approach was ...
  12. managerial accounting
    Frigid Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1, 2016, and operated at 100% of capacity during the first month. The following data summarize the results for July: 1 Sales (35,000 units) $8,750,000.00 2 Production costs (42,500 ...
  13. accounting
    santiago corporation's board of directors declare 7500, 000 cash dividend on Sept. 1, 2015, payable on Oct.1, to shareholders of record on Sept 15. what appropriate entries needed on the declaration, record, and payment dates.
  14. Accounting
    18. What could an expanded version of the accounting equation be? A. A + Rev = L + OE – Exp B. A – L = Paid-in Capital – Rev – Exp C. A = L + Paid-in Capital + Beginning Retained Earnings + Rev – Exp D. A = L + Paid-in Capital – Rev + Exp C? I am lost with this ...
  15. S.S.
    1. ("…[The] said Cooper Hughs Freedman with his wife…are to work on said farm and to cultivate forty acres in corn and twenty acres in cotton, to assist in putting the fences on said farm in good order and to keep them so and to do all other work on said farm necessary to ...
  16. Math
    A group of students are selling homemade oatmeal cookies at $3 per bag. The students spent $23 on all the supplies to make the oatmeal cookies. Which expression can be used to find the profit made from selling, w, bags of oatmeal cookies, after accounting for the amount they ...
  17. accounting
    a drug company has a monopoly on a new patented medicine. the product made in either of two plants the cost of production for the two plants are MC1=10+2Q1 and MC2=25+5*Q2. the firms estimate of demand for the product is p=2000-3(Q1+Q2). how much should the firm plan to ...
  18. accounting
    The ABC Company has a policy to capitalize an asset with a threshold of $5,000 per item or a project/program. The ABC Company has an ongoing rolling replacement project/program to replace 20% of all computers annually. In addition, the ABC Company uses straight line method, ...
  19. Accounting
    Can equipment, wages payable, and accumulated depreciation be used to prepare adjusting entries?
  20. accounting
    Assuming in your business, the cost per other for your product is 4000 naira and it carry cost is 400 per unit per annum your business has a demand for 20000 unit per year,1)Calculate the order size 2)total order required during a year 3)total carried cost and total ordering ...
  21. Accounting
    Assuming in ur business, d cost per oder for ur product is 4000 naira and it carry cost is 400 per unit per annum ur business has a demand for 20000 unit per year,1)Calculate d order size 2)total order required during a year 3)total carried cost and total ordering cost for d ...
  22. accounting
    what is the journal entry of cash received from a customer on account was recorded(both debit and credit) as birr 1400 instead of birr 1120
  23. Accounting
    Based on the current economic situation, what economic factors should the company analyse to improve its sustainability in the marketplace?
  24. Accounting
    Fender Company had the following data for four months. Total Cost Production Units January $50,000 1,000 February$53,750 1,150 March $61,250 1,450 April $65,250 1,610 Use the “high-low” method to calculate the estimated variable cost per unit. A. $25 per unit B. $44.19 per...
  25. Accounting
    A company is considering replacing an old machine which had an initial cost of $100,000 and has $75,000 of accumulated depreciation to date.The company is considering purchasing a new machine which costs $195,000.The old machine could be sold for $20,000.The annual variable ...
  26. accounting
    10. Head of Household is the most advantageous allowable filing status Samantha can use. a. True b. False 11. How many qualifying persons does Samantha have for the earned income credit? a. 0 b. 1 c. 2 d. 3 12. What is the credit for child and dependent care expenses in the ...
  27. accounting
    Martin is married, but did not live with or have contact with his spouse in 2017. He does not know where she is. He indicated on the intake sheet that he is not legally separated. • Martin does not have children or any other dependents. • Martin worked as a clerk and ...
  28. accounting
    Replenished the $200.00 petty cash fund. Receipts were submitted for the following:office supplies, $35.00, store supplies, $50.00, and miscellaneous, $42.00. A cash count shows $72.00 in the petty cash box. Do you start with 200.00 , then subtract total receipts(127.00) and ...
  29. Math - Accounting
    Consider a home mortgage of 125,000 at a fixed APR of 9% for 30 years. - calculate the monthly payment - determine the total amount paid over the term of the loan - Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest...
  30. Accounting/math? check my work please
    Cullumber Ltd. purchased a delivery truck on January 1, 2018, at a cost of $74,160. The truck is expected to have a residual value of $7,910 at the end of its 4-year useful life. Cullumber has a December 31 year end. Use the diminishing-balance method and assume the ...
  31. Accounting
    Hiroole Supply Corp. has the following selected transactions for notes receivable. Nov. 1 Lent $114,000 cash to A. Bouchard on a one-year, 9% note. Dec. 1 Sold goods to Wright, Inc., receiving a two-month, 6%, $22,500 note. The goods cost $12,600. 15 Received a six-month, 6...
  32. ACCOUNTING
    Prepare a bank reconciliation - Ending Cash balance per bank P 18,972.67 - Ending Cash balance per book P 16,697.76 - Deposit in transit P 3,251.42 - Bank Service Charge P 20.00 - Outstanding Checks P 4,163.51 - Note Collected by bank including P 50 interest (Owner yet beennot...
  33. Accounting
    I need to make a bank reconciliation statement. There's an error made by the bank-the check drawn by the corporation was charge to the owners' personal account. How am I supposed to enter that on the bank reconciliation statement?
  34. accounting
    Sept 29, Year 2 Purchased a one-year public liability insurance policy for $5,000. The policy becomes effective at 12:01 a.m. October 1, Year 2. journalize the transaction
  35. accounting
    Why is just-in-time (JIT) processing meant to cut out all waste of cost in manufacturing? Why do we do a material and conversion EUP only? Shouldn’t conversion be made into Direct Labor and Factory Overhead to be more accurate?
  36. accounting
    rylie owes $3000 now and $2000 in 4 months. After re - arrangement of payments, he agreed to pay $x in 6 months and $2x in 8 months from now. Determine the value of the $x using now as the focal date and the simple interest rate at 6% per annum.
  37. Journal entries accounting
    journalize the following entries: 1, Received partial payment of $211 from J. Kronsnoble for work billed on June 7. 3. Paid for supplies purchased on June 4. my answers: 1. cash 211 accounts recvieable 211 3. supplies 258 accounts payable 258
  38. Accounting/math check my answers
    Sandhill’s shareholders’ equity consists only of common shares and retained earnings. Using the change in total shareholders’ equity calculated in above part, (50000) calculate the net income or loss for the year ended December 31, 2018, assuming each of the following ...
  39. Accounting
    Sandhill’s shareholders’ equity consists only of common shares and retained earnings. Using the change in total shareholders’ equity calculated in above part, (50000) calculate the net income or loss for the year ended December 31, 2018, assuming each of the following ...
  40. Accounting-1
    Business started with cash Rs. 80,000
  41. Accounting
    Sections of income statement and brief explanation for each
  42. Life orientation,business studies,accounting,econo
    Factors causing risk behaviour amongst teenagers
  43. Satistics
    1.A large electronics company wants to estimate the proportion of all households that own GPS machines. What sample size is required that would give the maximum error of 2.0% for a 95% confidence interval? An unscientific survey had an initial result of 30%. 2. The design ...
  44. Accounting
    I find a lot of definitions on the internet, but still confused. What is difference between -carrying value -book value -fair value -fair market value -market value -value in use -net realizable value Are some of these actually the same? Thanks.
  45. Business/Accounting
    How would you explain how to compute the WACC to a new employee at your firm? What are the common pitfalls that you would tell the new employee to avoid?
  46. Accounting
    A company operates an arcade place where customers put money into game membership cards and they also accumulate points for winning and can be redeemed for prizes. How to account for the credits not yet used and also the points? I would think.... 1) For Game card: Ex) put in $...
  47. Accounting
    What is the value of a company stock if it grows at a supernormal rate of 18% for the first four years, and then slows down to a constant growth rate of 10%. The company just paid annual dividend of $2.00/share, and the rate of return on common stock (rcs) is 13%. Possible ...
  48. Accounting
    What is the correct formula for finding the return on assets (ROA)? ROA = Net Income / Total Assets or ROA = Net Profit / Average Total Assets I'm getting conflicting information on whether I should take the sum of the assets or find the average of all the assets.
  49. Accounting
    How can I find the supernormal growth rate and constant growth rate of a stock? V = D1/k-g V = the value of the stock D1 = the dividend next period k = the required rate of return g = constant growth rate I'm confused on how to combine the constant growth rate formula with the...
  50. Accounting
    What is the value of a stock that grows at a supernormal rate of 18% for the first four years, and then slows down to a constant growth rate of 10%? An annual dividend of $2.00/share was just paid, and the rate of return on common stock is 13%.
  51. Accounting
    A company's 25 year bonds have 6 years to maturity and currently have a market price of $1,050. Its coupon rate is 8 percent and its required rate of return, rd, is 9 percent. By how much is the bond mispriced? Possible Answer: Bond Price=c/(1+i) + c/(1+i)^2 + c/(1+i)^3...+ c...
  52. Accounting
    Zell Company had sales of $1,800,000 and related cost of merchandise sold of $1,150,000 for its first year of operations ending December 31, 2016. Zell Company provides customers a refund for any returned or damaged merchandise. At the end of the year, Zell Company estimates ...
  53. accounting
    Please help me to get the answers for these questions in order to help my niece for their assignment answers correctly. thanks Answers as called for show computations and analyses 1.An office machine costing p 20,000 has been used for three of its eight years estimated life. ...
  54. accounting
    examples of relevant economic events
  55. Accounting
    1) What does the accounting profession has to offer (besides salary) 2) What are some facts/enticing details about the accounting profession? 3) How do you earn a Cpa designation for it? I tried looking it up but can't find a layout.
  56. accounting
    The following are the transaction of s company will in branch for 2(two) year they follow periodic inventory system. 1. Beginning inventory balance with in birr 10000 2. S company shipped merchandise is birr costing 80000 cash 20000 3. Birr sold merchandise costing 60000 for ...
  57. accounting
    1) January 4, 2016, receipt of an invoice for a purchase of $1,000.00 plus $50.00 of GST (Goods and Services Tax)
  58. accounting
    The following information was available as of the close of business June 1, 2004 on government of Canada bonds. Coupon...Maturity.....Price.....Yield 5.00%......June 1, 2005......102.35......2.60 10.50%......June 1, 2006......113.91......3.26 8.50%......June 1, 2007.....107.41...
  59. financial accounting
    Everett Co. was organized on July 1, 2015. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. EVERETT CO. Trial Balance September 30, 2015 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $ 8,744 $ 8,744 Accounts...
  60. financial accounting
    Zumbrunn Company’s income statement contained the condensed information below. ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2015 Service revenue $969,400 Operating expenses, excluding depreciation $624,480 Depreciation expense 59,260 Loss on disposal of ...
  61. financial accounting
    The Skyline Motel opened for business on May 1, 2015. Its trial balance before adjustment on May 31 is as follows. SKYLINE MOTEL Trial Balance May 31, 2015 Account Number Debit Credit 101 Cash $ 3,537 126 Supplies 2,051 130 Prepaid Insurance 2,304 140 Land 14,070 141 Buildings...
  62. accounting
    ABC Corp Ltd has 10 million shares and $600,000 of debt (issues bonds @ 7% p.a.). EBIT is projected to be $3 million. The company tax rate is 20%.Preference shares pay an annual dividend of $100,000. Management is considering two options for capital restructure: Option 1: The ...
  63. Accounting
    ABC Corp Ltd has 10 million shares and $600,000 of debt (issues bonds @ 7% p.a.). EBIT is projected to be $3 million. The company tax rate is 20%.Preference shares pay an annual dividend of $100,000. Management is considering two options for capital restructure: Option 1: The ...
  64. accounting
    The capital expenditures budget shows that Valley must purchase $50,000 of equipment on January 1 to establish the new center. Valley will pay for the equipment on January 31. The equipment is expected to have a 8-year useful life and a $2,000 salvage value and will depreciate...
  65. Accounting
    Is it wise to manage a company's debts by consultants or by foreigners and why?
  66. Survey of Accounting
    Calculate basic EPS Net income was $659,250 for the year. Throughout the year the company had outstanding 18,000 shares of $2.50, $50 par value preferred stock in 105,000 shares of common stock. Required: Calculate basic earnings per share of common stock for the year.
  67. accounting
    A credit customer paid $850 toward his accounts receivable. The accountant recorded a credit to the revenue account. This error would cause __________. A. revenue to be understated B. cash to be overstated C. accounts receivable to be overstated D. liabilities to be ...
  68. Accounting
    During 2013, Moore Corporation paid $14,000 of dividends. Moore's assets, liabilities, and common stock at the end of 2012 and 2013 were: 12/31/2012 Total Assets:$144,200 Total Liabilities:$52,600 Common Stock:$60,000 12/31/2013 Total Assets:$178,500 Total Liabilities:$59,700 ...
  69. Accounting help
    Bank Reconciliation Prepare a bank reconciliation as of October 31 send the following information: a. October 31 cash balance in the general ledger is $1688. b. The October 31 balance Sean thinks statement is $746. c. Checks issued but not returned with the bank statement ...
  70. Accounting help
    Cost flow assumptions-FIFO and LIFO using a periodic system. Beginning inventory was 600 units at a cost of $20 per unit. Goods available for sale during the year 2600 units at a total cost of $57,600. In May 1200 units were purchased at a total cost $26,400. The only other ...
  71. Accounting
    Cost flow assumptions for FIFO and LIFO using a periodic system. Question 1. Sales during the year were 700 units. Beginning inventory was 400 units at a cost of $10.00 per unit. Purchase 1 was 500 units at $12.00 per unit. Purchase 2 was 300 units at $14.00 per unit. Required...
  72. Payroll accounting
    Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $25 put into her health savings account (nonqualified) each week. Her employer ...
  73. Accounting
    Jim Hurley is an accountant for a local manufacturing company. Jim’s good friend, Mike Kotowski, has been operating a retail sporting goods store for about a year. Mike has proposed that the fee he will pay for Jim’s accounting work should be contingent upon his receiving ...
  74. Accounting Help (with answers for checking)
    Ben Guslists, vice-president of sales, has recommended adding a new product line. A market study and cost analysis show that the new line should yield the following annual results: New Sales $2,800,000.00 Cost of Sales $1,600,000.00 Operating Expenses $200,000.00 Total ...
  75. Accounting.
    At what rate of interest compounded semi-annually will payments of birr 3500 per every six months for 12 years discharge a current debt of birr 35000 ?
  76. Database Design and Programming
    Assignment Problem. Given the following functional requirements description of the following application, produce an ERD model based on the Crow’s Foot model—that can be implemented. Show all entities, relationships, optionalities, connectivities, and cardinalities. ...
  77. Accounting
    X has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In 2017, X decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $387,800 instead of $...
  78. accounting
    Given the cost of direct materials of $500 and the labour rate of $20 per hour. Assuming the predetermined overhead rate is $5 per hour and the actual hours is 50 hours - please calculate the total cost of this job?
  79. business communication
    please help me to revise this paragraph I’m fed up with the mistakes that our current accounting firm makes. I run a small construction company, and I don’t have time to double-check every bookkeeping entry and call the accountants a dozen times when they won’t return my...
  80. Accounting
    Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equipment $80,000 Preferred Stock $32,000 Merchandise Inventory $18,000 Retained Earnings $59,900 Prepaid Rent...
  81. Accounting 1
    Invested $25000 in cash and office equipment that had a fair value of $6000. What is the journal entry for this?
  82. Accounting
    Cupid Co. has total assets of $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Cupid Co.'s Owner's Equity? Please explain how you got this answer.
  83. Accounting
    On 2015 January 1, Jackson Company purchased equipment for $440,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Jackson uses the straight-line depreciation method, what is the depreciation expense for 2015?
  84. accounting
    Need advise in how to set up? On, April 1, 2015, Lester Company received a bank statement that showed a balance of $ 8,950. Lester showed a $8,000 checking account balance. The bank did not return check No. 115 for $750 or check No. 118 for $370.00. A $900.00 deposit made on ...
  85. accounting
    On, April 1, 2015, Lester Company received a bank statement that showed a balance of $ 8,950. Lester showed a $8,000 checking account balance. The bank did not return check No. 115 for $750 or check No. 118 for $370.00. A $900.00 deposit made on March 31 was in transit. The ...
  86. 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, ...
  87. Maths, Accounting, Life Orientation, Life Science, Physical Science, English and my home language (sepedi)
    Could I become a social worker with those subjects?
  88. accounting
    Which college or university could I go after grade 12
  89. Accounting
    What equation was used to get the answer in requirement 3? Consulting to control costs. Requirement 1. Compute Draper's predetermined overhead (OH) allocation rate for 2018. Estimated OH costs / Estimated direct labor costs = Predetermined OH allocation rate $198,000 / $990,...
  90. accounting
    40. The following items are taken from the financial statements of Pelatihan OSN Company for the year ending December 31, 2016: Accounts payable 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 Advertising expense 21,000 Cash 15,000 Pelatihan OSN...
  91. Business
    The accrual accounting system is a standard system used by most businesses and is also the system used in the simulation. In relation to the rules of accrual accounting, consider the following question: What is being "unaccounted" for?
  92. accounting
    home / study / math / other math / questions and answers / the following tabulation gives earnings per share ... Question: The following tabulation gives earnings per share ... The following tabulation gives earnings per share figures for theFoust Company during the preceding ...
  93. accounting
    Revenue is traditionally recognized in the accounting records when A. cash is received. B. services are rendered. C. it’s incurred. D. None of the above
  94. accounting
    This table is used to calculate annual commissions and salaries for car salespeople. What would the total yearly earnings of a sales assistant be who has $90,000 in sales? Commission & Salaries Sales Assistant-Base Salary-$10,000 Sales Person-Base Salary-20,000 Sales Manager-...
  95. accounting
    Assume ABC merchandize company purchase merchandize and 680000 on April 2016. A) Record the journal entry. B) Assume ABC purchase on account ( credit) and record the journal entry. C) Assume that the company purchase in terms of n/30 and record the journal entry. D) Assume the...
  96. ACCOUNTING
    Paid employees' salaries, 20,000. Employees' payroll deductions are made at the end of every month. the employees' payroll for July 31 is shown Gross Pay 24,000 Deductions: Withholding Tax 2,500 SSS Contributions 1,000 Health Contribution 500 4,000 Net Pay: 20,000 Where should...
  97. ACCOUNTING
    Began his business with equipment valued at 40,000 and place 400,000 in the business checking account. What accounts will be decrease or increase?
  98. Accounting
    7. If the net present value of a project equals zero _______________. (Points : 1) the project should be considered the project should not be considered then someone made an error in the calculation then a balanced scorecard should be adopted to compensate
  99. accounting
    3. Managers would prefer a budget prepared______________________________. (Points : 1) by the budget committee utilizing the top-down approach utilizing the bottom-up approach utilizing none of the methods listed here
  100. acc 305 accounting
    The fourth step in the financial accounting research process may require you to​ ________. A. cross reference information in the Codification B. work down the levels of the hierarchy to identify a similar transaction C. draft a memo D. change or refine your research question...
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