Accounting

accounting..please help
can you help me please for this solving problem below... problem: A, B and C shared the profit of Rs. 9,00,000 in the ratio of 2:2:1 without providing for interest on B’s loan, B granted a loan of Rs. 4,00,000 in the beginning of accounting year. Where as the partnership ...

Accounting
Company acquired a property and need to journalize the property and construction. Received 4,700 in salvage from material removed from old building.

accounting
Paid 55.00for landscaping property. Used cash. Journalize

accounting
You have been asked to prepare a presentation for the next board of directors meeting regarding managerial accounting. What is the purpose of managerial accounting? How do managerial accountants support strategic decisions? How do managers implement strategy? You have been ...

accounting
please can you help how to get the answers fpr this problem solving .. I am really could not get the correct answer. problem: On Jan 1, 2011, the Rhiri, Brit & Keisha partnership is formed. Rhiri and Brit contribute cash of $30,000 and $20,000 respectively, while Keisha ...

accounting.pls help me
Is anyone can help me to solve this problem beloww. thank you very much. PROBLEM 1: On Jan 1, 2011, the Rhiri, Brit & Keisha partnership is formed. Rhiri and Brit contribute cash of $30,000 and $20,000 respectively, while Keisha contributes assets with the following fair ...

Financial Accounting
I am so lost on this. I need to prepare adjusting journal entry for this. The truck was acquired on August 1. Franklin estimates the truck will have a useful life of 5 years and no salvage value. The depreciation on the building has already been recorded. In my general ledger ...

Accounting 100
Who can be harmed when a company changes its accounting methods too often?

accounting
I already know what the different inventory cost flow assumptions are, but what I do not know is how might the choice of cost flow assumption affect the company's cost of goods sold and ending inventory balance? Can somebody please explan this to me?

accounting
Six annual payments of $250 into savings account earns 1.5% annually. What is the value of the account at the end of the six years? Rate Periods Payment Future value

Accounting
MHS currently has $1,150,000 in cash. How long would it take them to accumulate $2,000,000 in cash? Assume an interest rate of 5%.

accounting
cash flow analysis of whirlpool cash flow statement for 2006 solution

accounting
Triple Play, Inc Triple Play, Inc. was established in 1982 by Randy Cleaver, Jim “Bluefish” Johnson, and Willie Lloyd, all ex-major league baseball players who were interested in offering quality baseball mitts at affordable prices. These players felt that, at the time, ...

System Analysis and Designs - IT460
I need help really bad since I am majorly stuck due to things happening in the family. My GPA thus far for this course is a 4.0, however, now I am stumped. Please complete the following projects using MS Word. Save the project as Unit 4 Project. Jesse wants to see a context ...

strayer
ACC422 – Intermediate Accounting II Learning Team D Assignment – Week 2 This assignment is worth a total of 75 points distributed evenly among the two problems. It will be graded based upon both the accuracy of your solutions (2/3) and effort (1/3). Points for effort will ...

accounting..help plz urgent!
An accounting report that shows the changes in capital during the accounting period is: a.) a balance sheet. b.) an income statement. c.) a statement of owner's equity. d.) All of these answers are correct.

Accounting
Presented below are some business transactions that occurred during 2008 for Vicki Prowitz Company.

Managerial Accounting
. In order to improve the accuracy of unit costs, most companies recompute the predetermined overhead rate each month. True or False

Finance accounting
Eddings Company had a beginning inventory of 400 units of Product XNA at a cost of $8.00 per unit. During the year, purchases were: Feb. 20 600 units at $9 Aug. 12 300 units at $11 May 5 500 units at $10 Dec. 8 200 units at $12 Eddings Company uses a periodic inventory system...

Accounting
Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the beginning of March, Glanville had in beginning inventory 1,500 Clooney CDs with a unit cost of $7. During March Glanville made the following purchases of Clooney CDs. March 5 3,000 @ $8 March ...

Accounting
Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the beginning of March, Glanville had in beginning inventory 1,500 Clooney CDs with a unit cost of $7. During March Glanville made the following purchases of Clooney CDs. March 5 3,000 @ $8 March ...

Accounting 1
what is the name of a comparison of the general ledge accounts with debit balances to the general ledger accounts with credits blances to make sure they equal the same?

accounting
Diamond Company produces a chair that requires 5 yds. of material per unit. The standard price of one yard of material is $7.50. During the month, 8,500 chairs were manufactured, using 43,700 yards at a cost of $7.60. Determine the (a) price variance, (b) quantity variance, ...

economics
Explain the effect on a company’s stock price today of the following events, other things held constant. a. the interest rate on the company’s bonds falls. b. Several companies in the same sector announce surprisingly slow sales. c. Changes in the tax laws passed last year...

accounting
What potential problem can arise if a company incorrectly classifies costs? Example, what if an inventoriable cost is classified as a period costs?

Accounting
Greenwood Corporation has paid 60 consecutive quarterly cash dividends (15 years). The last 6 months have been a real cash drain on the company, however, as profit margins have been greatly narrowed by increasing competition. With a cash balance sufficient to meet only day-to-...

accounting
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...

accounting/help please
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts . D)Accounts ...

Accounting
The SOO Company has machinery that it acquired a number of years ago at a cost of $812,000. As of December 31, 2012 the company has recorded life-to-date depreciation in the amount of $332,900. Because of changes in their manufacturing processes, the equipment does not ...

Accounting
I am taking an accounting class and the instructor is refusing to give the formula needed to perform a quick ratio for a non profit organization (capital one). The typical formula Current Assets – Inventory/ Current Liabilities found online only covers typical companies like...

Business
You work for the city of Bigtown's legal department. Bigtown has been trying for years to attract more convention business, but it has been unsuccessful to date. The new mayor was voted in on the tagline, "I'll make Bigtown the place to see and be seen." It's been six months ...

accounting
if direct material is 6.69, direct labor 3.33, variable overhead 1.27, and fixed overhead .088. if your producing 2400 units what is your total fixed cost and what is the variable cost per unit?

economics
This is my son who is in 10th grade homework assignment. I want to be able to help and not look like a dope! I really have no clue! 1. Why do economists consider growth in the average labor productivity to be the key factor in determining long run living standards? 2. And, Let...

accounting
Y company offers its customers credit of 2/10,n 30. Most customers take advantage of the cash discount, mailing their payment to arrive on the 10th day following the date of the invoice. However X comany, Y largest customer, has recently begun sending payments to arrive on the...

Accounting
#15 Supplies: Original Purchase and Adjusting Entry On January 1, the company had office supplies costing $4,600. On March 23, the company bought additional office supplies costing $8,200; the company paid cash. On December 31, a physical count of office supplies revealed ...

Accounting
#9 Unrecorded Liability: Adjusting Entry Refer to PE 4-8. (1) Make the adjusting entry necessary on the company’s books with respect to this loan on December 31. (2) Make the journal entry necessary on the company’s books on the following April 30 to record payment of ...

Accounting
Compute the price of $7,936,343 received for the bonds by using the tables of present value in Appendix A. (Round to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences. Present value of the face amount $ Present value of the ...

accounting
On July 1, 2010, Brower Industries Inc. issued $8,900,000 of 9-year, 10% bonds at an effective interest rate of 12%, receiving cash of $7,936,343. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. ...

Accounting
What is the equation for a simple interest rate of 47,000 note at 12 percent in 3 years? Please help resolve.

Accounting
Axel Corporation acquires 100% of the stock of Wheal Company on December 31, Year 4. The following information pertains to Wheal Company on the date of acquisition:

Principles of Accounting
Hot Dawgs! Inc. has 3 managers that work in shifts throughout the day and night. The company also employs 4 cooks and 2 waitresses per shift. There are 3 shifts: morning, afternoon, and evening. The managers are paid an annual salary with a 2% bonus every December. The ...

accounting
: Are there any differences between the organizations that adopt a particular accounting method? Please explain your answer.

HEALTH CARE FINANCIAL ACCOUNTING
The local school district has asked your clinic to submit a proposal to do pre-employment physicals for 60 bus drivers. What financial or accounting information do you need to submit the proposal? What will you charge the school district?

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,...

accounting
Would like to start a college fund. It was estimated that the cost for college to be 60,000 per year. How much should be deposit into the account each month for 18 years to accumulate a total of 240,000 @ 12% interest earned.

accounting
Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 & liabilities of $140,000 at the end of the year. During the year, the owner invested an additional $40,000 in the business, and the company made withdrawals of...

accounting
explain the nature of minority interest and its proper presentation on a consolidated balance sheet

accounting
jones company acvquired and 80% interest in the smith company ant the beginning

accounting
Shott Farm Supplies Corporation purchased 800 shares of General Motors stock at $50 per share and paid a brokerage fee of $1,200. Two months later, the shares were sold for $53 per share. The brokerage fee on the sale was $1,300. perpare entries for the purchase and the sale.

statistics
a study by Hewitt Associates showed that 79% of companies offer employees flexible scheduling. suppose a researcher believes that in accounting firms this figure is lower. The researcher randomly selected 415 accounting firms and through interviews determines that 303 of these...

accounting
MKTG205-1101B-07 Principles of Marketing Assignment Name: Unit 5 Individual Project Deliverable Length: 2-3 pages Details: Select a global company of your choice in the service industry. Using your selected global company as the subject matter, research the principles of ...

accounting
If you decide to buy a car for $17,500 and get $2,500 on a trade-in. If the bank finances the remainder at 7.8%, and you want to pay off the loan in 5 years, how much will your monthly payments be? (Assume that interest is compounded monthly.)

Accounting
If your credit card company charges you 1% per month on your balance, what effective annual rate of interest is it charging?

Accounting
(Present Value) What is the present value of an annuity that pays $250,000 in 30 years if interest accumulates at a rate of 7.5% compounded semiannually? (i.e. How do you have to pay NOW for the policy? You make no payments other than your lump sum payment.)

accounting
accounting and Organizational Cultures: A Field Study of the Emergence of a New Organizational Reality"

Accounting
a. IPC purchases real estate in prime locations where an existing theatre chain does not adequately serve the market. After purchasing the real estate, IPC engages a contractor to build a theatre complex. During fiscal 2009, IPC received a $2,000,000 payment from a contractor ...

Accounting
How is a contract penalty recorded for the company that hires a contractor?

Accounting
How does an inventory write-off effect the cash flow statement?

accounting
(TCO 8) Partial balance sheets for ABC Company and additional information are provided below. ABC Company, Partial Balance Sheets, As of December 31 2009 2008 Equipment $100,000 $75,000 Accumulated depreciation (25,000) (20,000) Common stock, $5 par 180,000 100,000 Paid in ...

accounting
Accountants follow ethical guidelines in the conduct of their work. What are these guidelines made for? Why are ethical principles considered important? In the event the accountants do not follow the ethical principles what do you think the effect would be?

accounting
The local school system asks you to submit a proposal to do preemployment physicals for 60 bus drivers. What financial or accounting information do you need to submit the proposal?

economical management sciences/accounting
please help! Why are some goods zero-rated?

accounting
Compute inventory turnover for 2005 and 2004. The inventory balance at December 31, 2003, was $294 million. Do the trend of net income from 2004 to 2005 and the change in the rate of inventory turnover tell the same story or a different story? Explain your answer.

accounting
Cost-Volume-profit (CVP) analysis is based entirely on unit costs. Do you aree? Explain

accounting
I attend penn foster i an working on chapter 1 example number 06168900 and want to know how do i began to do a 3 month accounting period using a fiscal year calendar?

accounting
A merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

accounting
a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

Accounting
Cost-Volume-Profit Analysis and Decision-Making In order to recover from the recent operating losses that the Biggie Widget Company has experienced, management has made some tentative new decisions and believes that the use of CVP analysis will be useful when evaluating these ...

Accounting
A company just starting a business made the following four inventory purchases in June: June 1 150 units $390 June 10 200 units 585 June 15 200 units 630 June 28 150 units__ ____

accounting
A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350. The company later returned $250 worth of merchandise and paid the invoice within the 2% cash discount period. What is the total amount paid for this merchandise is?

accounting
a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

accounting
identify whether each descripition best applies to a periodic or a perpetual inventory system

English
Urgent! Can someone please look these over? The sentences are very vague (welcome to online schooling, I guess). Some of them are questionable. Please help! Need to write whether the sentence is a "POINT" or "TOPIC" sentence. Point Sentence-Announces the topic of a paragraph ...

Advanced accounting
Up owns 80% of Down. During 2009 Down began selling merchandise to Up at gross profit margin of 20%. Sales by Down to Up for the year totaled $80,000, of which $10,000 remain unsold. In 2010 Down sold $100,000 merchandise to Up at gross margin of 40%. Up’s Ending inventory ...

introduction to accounting
a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

accounting
Dsoft manufactures PC’s. The company’s Notebook Division reports the following results for the current year: Sales Revenue $2,000,000 Operating Income $500,000 Average Operating Assets $5,000,000 Dsoft’s management’s required rate of return on invested capital is 10%. ...

accounting
a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included...

Accounting
Janes Company provided the following information on intangible assets: a. A patent was purchased from the lou Company for $700,000 on January 1, 2007. Janes estimated the remaining useful life of the patent to be 10 years. The patent was carried on Lou's accounting records at ...

Accounting
Alteran Corporation purchased a machine for 1.5 million in 2006. The machine is being depreciated over a 10-year life using the sum-of-the-years'-digits method. The residual value is expected to be $300,000. At the beginning of 2009, Alteran decided to change to the straight-...

accounting
your firm, which is on accrual basis has a 100,000 mon-fri weekly payroll, and friday is payday. if the year ends on a Tuesday, what adjusting journal entry will you record??

Accounting III
What arguments can be advanced in favor of treating fixed manufacturing overhead costs as product costs? What arguments can be advanced in favor of treating fixed manufacturing overhead costs as period costs? Which arguments do you find to be the most valid? Explain.

Managerial Accounting
what management position is responsible for each variance: Sales Materials Labor Overhead General, Selling & Administrative What causes these variances?

Managerial Accounting
Determining and interpreting flexible budget variances Use the standard price and cost data supplied in problem 15-18. Assume that Holligan actually produced and sold 31,000 books. The actual sales price and costs incurred follow. Actual price and variable costs: Sales price $...

Managerial Accounting
Flexible budget planning Sam Yu, the president of Centech Computer Services, needs your help. He wonders about the potential effects on the firm's net income if he changes the service rate that the firm charges its customers. The following basic data pertains to fiscal year ...

accounting
Santa Fe Company purchased merchandise for resale from Mesa COmpany with an invoice price of $24,000 and credit terms of 3/10,n/60. The merchandise had cost Mesa $16,000. Santa Fe paid within the discount period. Prepare entries that Santa Fe Company should record for the ...

ACCOUNTING
In its financial statements, Trio uses straight-line depreciation with the half-year convention. The book value of the equipment at December 31, 2006, will be: a $29,000. b $35,000. c $31,000. d Some other amount.

Accounting
This spreadsheet assignment will require you to use multiple approaches to estimating manufacturing overhead costs for a fictitious company, including the high-low method and regression analysis This exercise will require you to perform regression analysis to determine the ...

accounting
prepare entries to record the following summarized operations related to production for a company using a job order cost system: a. materials purchased on account-$167000 b. prepaid expenses incurred on account-$12200 c. materials pequisitioned: for production orders-$153700 ...

Finance/Cost accounting
The XYZ Corporation is contemplating the introduction of a new machine tool which will be used solely in the manufacture of a rotor shaft. 50,000 units per year are expected to be manufactured, and the time study group anticpates a standard of 2.5 hours per piece. The labor ...

Finance/Cost Accounting
You are given the following data: Annual demand is 1600 pieces Cost per piece is $50 Cost of money factor is 30 percent What is the EOQ point?

accounting.plz urgent
If an item is purchased with terms of 2/EOM, n/60, there is a discount for paying within 60 days

Accounting
A company has two major businesses that it operates. One business manufactures and sells unicycles for commercial use in circuses and so forth (total sales of $150M), and the other sells bicycles to the public (total sales of $20M). The unicycle business occupies 75,000 square...

accounting
what is the total liabilites and the owners equity in the balance sheet you prepared in exam figure 4? a. $,5,906.54?

Accounting
If Grant House Furnishing accepted a ten month 8% interest rate, $3000 note from one of its customers on april 1, 2008. How much interest will Grant House Furnishing accrue for the month of April?

accounting
Neer Department Store uses the retail inventory method to estimate its monthly ending inventories. The following information is available for two of its departments at August 31, 2011. Sporting Goods Jewelry and Cosmetics Cost Retail Cost Retail Net sales $1,000,000 $1,160,000...

accounting
Assume that the following transactions affected owners' equity for De Soto Inc. during 2011. Feb. 1- Sold 40,000 shares of common stock in the market. Apr. 1- Purchased 3,000 shares of common stock to be held as treasury stock. Paid cash dividends of $0.50 per share. May 1- ...

Managerial Accounting
The questions in this exercise are based on JetBlue Airways Corporation. To answer the questions, you will need to download JetBlue’s 10-K/A for the year ended December 31, 2004 (10K/A with a filing date of March 8, 2005). You do not need to print the 10-K/A to answer the ...

business
The conceptual framework developed by the Financial Accounting Standards Board

accounting
P20-2A For the year ended December 31, 2010, the job cost sheets of DeVoe Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $25,000 $24,000 $28,800 $77,800 Current year's costs 30,000...

linguistics please!!!
1. (a) Mary murdered the platypus (b) Mary killed something Select a maxim that is being flouted in this conversation. A.Quantity B. Manner C. Quality D. Relevance 2. Bob: Do you want to grab a cup of coffee sometime? Sally: Sure! I absolutely love spending time with people ...

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Homework Help: Business