# Accounting

Accounting 9
The following information is available for Baker Industries: Cost of goods manufactured \$320,000 Beginning finished goods inventory \$45,000 Ending finished goods inventory \$35,000 Compute the cost of goods sold.

Accounting 8
The following information is available for Walker Industries: Beginning work in process inventory \$30,000 Ending work in process inventory \$25,000 Cost of goods manufactured \$180,000 Compute total current manufacturing cost?

Accounting 3
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts \$350,000 Factory machinery depreciation \$55,000 Factory supervisor ...

Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be \$325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were \$372,...

Stats
You have many old textbooks in your apartment. You have 6 math books, 7 econ, and 4 accounting. Assume that each textbook is different than the other. A) What is the probability that the last book is one of the economic textbooks? B) What is the probability that none of the ...

Accounting 9
The following information is available for Baker Industries: Cost of goods manufactured \$320,000 Beginning finished goods inventory \$45,000 Ending finished goods inventory \$35,000 Compute the cost of goods sold.

Accounting 8
The following information is available for Walker Industries: Beginning work in process inventory \$30,000 Ending work in process inventory \$25,000 Cost of goods manufactured \$180,000 Compute total current manufacturing cost?

Accounting 7
Job 31 has a direct materials cost of \$300 and a total manufacturing cost of \$900. Overhead is applied to jobs at a rate of 200 percent of direct labor cost. Use the relationships among total manufacturing costs, conversion cost, and prime cost to determine the following costs...

Accounting 3
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts \$350,000 Factory machinery depreciation \$55,000 Factory supervisor ...

Accounting 2
Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be \$325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were \$372,...

Accounting 10
Oscar Corp. applies manufacturing overhead to production at 150% of direct labor cost. During 20x5, manufacturing overhead of \$180,000 was applied to production; actual manufacturing overhead was \$199,000. Beginning Work in Process Inventory was \$20,000 and ending Work in ...

Accounting 9
The following information is available for Baker Industries: Cost of goods manufactured \$320,000 Beginning finished goods inventory \$45,000 Ending finished goods inventory \$35,000 Compute the cost of goods sold.

Accounting 8
The following information is available for Walker Industries: Beginning work in process inventory \$30,000 Ending work in process inventory \$25,000 Cost of goods manufactured \$180,000 Compute total current manufacturing cost?

Accounting 7
Job 31 has a direct materials cost of \$300 and a total manufacturing cost of \$900. Overhead is applied to jobs at a rate of 200 percent of direct labor cost. Use the relationships among total manufacturing costs, conversion cost, and prime cost to determine the following costs...

Accounting 3
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts \$350,000 Factory machinery depreciation \$55,000 Factory supervisor ...

Accounting 2
Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be \$325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were \$372,...

Accounting 1
Oscar Corp. applies manufacturing overhead to production at 150% of direct labor cost. During 20x5, manufacturing overhead of \$180,000 was applied to production; actual manufacturing overhead was \$199,000. Beginning Work in Process Inventory was \$20,000 and ending Work in ...

Accounting 200
Accounting professionals must sometimes choose between two or more acceptable methods of accounting for business transactions and events. Explain and discuss why these situations can involve difficult matters of ethical concern.

Accounting - General
Should a capital asset that is increasing in value be depreciated?

Math
Randi takes the stairs at work whenever possible instead of the elevator. She must climb up 51 steps from her office to get to the accounting department. The human resources department is 34 steps below her office. How many steps are there between human resources and accounting?

Accounting/Math/Exchange rates
1. Indicate how each of the following international transactions is entered into the U.S. balance of payments with double-entry bookkeeping: a. A U.S. resident imports \$500 worth of merchandise from a U.K. resident and agrees to pay in three months. b. After the three months, ...

Accounting 1
Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and managerial accounting, or neither financial nor managerial accounting. A. Financial accounting B. Managerial accounting C. Both financial and managerial ...

Accounting 2
Match each of the following steps that took place as Books on Wheels moved through the decision making, production, marketing, and sale of The Campus Cart with the correct phase of the management process: planning/organizing, directing/leading, and controlling. A. Planning/...

Accounting 7
coteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy’s costs for the most recent month. Depreciation on factory equipment \$800 Depreciation on CEO's company car \$100 Speakers used in the keyboard \$1,...

Accounting 7
Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy’s costs for the most recent month. Depreciation on factory equipment \$800 Depreciation on CEO's company car \$100 Speakers used in the keyboard \$1,...

Accounting 2
Match each of the following steps that took place as Books on Wheels moved through the decision making, production, marketing, and sale of The Campus Cart with the correct phase of the management process: planning/organizing, directing/leading, and controlling. A. Planning/...

Accounting 1
Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and managerial accounting, or neither financial nor managerial accounting. A. Financial accounting B. Managerial accounting C. Both financial and managerial ...

accounting II
Archie's had sales of \$6,758. The state sales tax rate is 7%. All sales are cash. What amount will be debited to Cash?

accounting II
A company has \$314,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The allowance for doubtful accounts now has a \$1,890 debit balance. If the company estimates that \$8,160 of accounts will be uncollectible based on an aging of ...

Accounting
What is the journal entry for a \$10,000 deposit in exchange for \$10,000 worth of common stock ? Would I name that account common stock or cash ? Thanks!

accounting II
Janice Janitorial Supplies has cash of \$28,000; net accounts receivable of \$33,500; short-term investments of \$6,000 and inventory of \$20,000. It also has \$22,500 in current liabilities and \$37,500 in long-term liabilities. The current ratio for Janice Janitorial Supplies is:

accounting II
Joshua owns an apartment complex with 7 tenants. Each unit rents for \$1,500 per month. At the end of April, three tenants were past due on paying their rent. Which of the following represents the correct adjusting journal entry Matt should make at the end of April?

accounting
Westchase Supplies reported sales of \$5,000,000, cost of goods sold of \$3,200,000, operating expenses of \$1,400,000 and income tax expense of \$160,000 for the year What was the company’s net income for the year?

BASIC ACCOUNTING
paid two months rent deposit and one month advance, P40,500

Pre Med Major
Hi. I am an accounting major. Is there anyway I can finish my accounting degree and still finish the pre med requirements in 4 years? Can an Accounting major become a MD? I know about MCAT and everything.

Accounting
On October 10, 2010, Mason Engineering Company completed negotiations on a contract for the purchase of new equipment. Under the terms of the agreement, the equipment may be purchased now or Mason may wait until January 10, 2011, to make the purchase. The cost of the equipment...

accounting
The charter of the corporation authorized 500,000 shares of \$5 par common stock, and 50,000 shares of \$40 par, 3%, preferred stock. As of January 1, 2014, there were 20,000 shares of common stock issued and outstanding and 4,000 shares of preferred stock issued and outstanding...

cOLLEGE mAJORS
ACCOUNTING VS IT WHICH IS HARDER? WHICH IS EASIER?

accounting
Timberly Construction negotiates a lump-sum purchase of several assets from a company that is going out of business. The purchase is completed on January 1, 2013, at a total cash price of \$820,000 for a building, land, land improvements, and four vehicles. The estimated market...

Human Resources
3. Design a Pilot Test. Following are descriptions of three situations in which a test has been developed. Read each situation and then design a pilot test. Answer the following questions about the pilot test: a. Who will take the test? b. What information will you gather, and...

Does i qualify to work at postoffice?

accounting
A city is served by two newspapers—the Tribune and the Daily News. Each Sunday reader purchases one of the newspapers at a stand. The following transition matrix contains the probabilities of a customer’s buying a particular newspaper in a week, given the newspaper ...

logic crtical thinking
Explain why it is important to analyze each financial transaction of a business and to report it in the Accounting Information System.

Accounting
If the net income is \$50000, and the cost of goods sold is \$450000. the company's gross profit rate is 40% what are the net sales??

ACCOUNTING ASSIGNMENT
case from : ACCOUNTING FRAUD WORLDCOM There will be a (7) seven page report,excluding figures, tables, appendices, and references,required for the term paper. The written report must be typed, single sided, and 1.5 lines-spaced. The following items and additional questions ...

accounting
A partner withdrew Rs.2000 at the beginning of every month.the rate of interest on drawings is 10%per annum. What is the amt. of interest?

Accounting
During its first year of operations, Maria Rose set up Roseland Inc. and invested \$25,000 in the corporation. The company earned \$68,000 of revenues and incurred \$32,000 of expenses. At the end of the year, the company owed \$24,000 to its creditors. A cash dividend of \$5,000 ...

Accounting
I have completed all of my assignment except this one last question. I am having a heck of a time figuring out where to even start. Can anyone help me? The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current ...

accounting
Describe how the separation of (1) authorization of production transactions, (2) recording of these transactions, and (3) physical custody of inventories can be specified among the production, inventory, and cost accounting departments. How does the production order document ...

accounting
Describe how the separation of (1) authorization of production transactions, (2) recording of these transactions, and (3) physical custody of inventories can be specified among the production, inventory, and cost accounting departments. How does the production order document ...

Accounting
A restaurant has a beginning inventory for the month of 150 pounds of beef at \$2.70 per pound. In week 1 they use 125 pounds of beef and receive 175 pounds of beef into inventory at \$2.80 per pound. In week 2 they use 190 pounds of beef and receive 150 pounds of beef at a cost...

MGF 1106
Four accounting majors, two economics majors, and three marketing majors have interviewed for five different managerial positions with a large company. Find the number of different ways that five of these people could be hired if the first two positions are to be filled by an ...

ACCOUNTING
86,500 ASSETS = 50,500 LIABILITIES+OWNERS EQUITY hOW DO I SOLVE THIS PROBLEM

bussines studies economics accounting maths literacy
which job career do i qualify for?

Finacial Accounting.
I am really struggling with this question and my accounting book is no help at all. A company has \$4500 in net sales, \$3200 in gross profit, \$1300 in ending inventory, and \$1800 in beginning inventory. What is the cost of goods sold? Im not looking for the answer, just a ...

accounting
The formula for computing additional paid-in capital in excess of par is shares of stock times

accounting
Cargin Company uses the FIFO method in its process costing system. The Assembly Department started the month with 15,000 units in its beginning work in process inventory that were 50% complete with respect to conversion costs. An additional 71,000 units were transferred in ...

accounting
Is the interest on a note receivables recorded if paid prior to the due date? A. Debit to interest expense B. debit to interest payable C. Credit to interest receivable D. Credit interest expense I think it's A since it's before the maturity date.

accounting
As part of their divorce agreement , Harry transfers to Mary, his former spouse, GM stock with a market value of 30000, Harry had \$20000 invested in the stock. How does this transfer affect Harry and what is Mary’s basis in the stock.

algebra.having problems
Draw a stem-and-leaf plot for the data set. (Enter numbers from smallest to largest separated by spaces. Enter NONE for stems with no values.) Data set A: The annual wages of employees at a small accounting firm are given in thousands of dollars. 50 15 18 60 36 21 22 22 34 24...

Draw a stem-and-leaf plot for the data set. (Enter numbers from smallest to largest separated by spaces. Enter NONE for stems with no values.) Data set A: The annual wages of employees at a small accounting firm are given in thousands of dollars. 50 15 18 60 36 21 22 22 34 24 ...

algebra/how can I solve this/Thank You
Draw a stem-and-leaf plot for the data set. (Enter numbers from smallest to largest separated by spaces. Enter NONE for stems with no values.) Data set A: The annual wages of employees at a small accounting firm are given in thousands of dollars. 50 15 18 60 36 21 22 22 34 24 ...

Accounting
What is the closing entry to allocate a net income of \$48,000 to Sara, Ellen, and Mary? Respective capital balances are \$30,000, \$40,000, and \$30,000. No agreement was made for division of income. A. Debit Income Summary \$48,000; credit Sara’s Capital \$16,000; credit Ellen...

accounting
The following financial data were taken from the annual financial statements of Smith corporation: 2007 2008 2009 Current assets \$450,000 \$400,000 \$500,000 Current liabilities \$390,000 \$300,000 \$340,000 Sales \$1,450,000 \$1,500,000 \$1,400,000 Cost of goods sold \$1,180,000 \$1,...

Principles of Accounting
Secret Trails received payment in full within the credit period for horse boarding for \$900 plus 6% sales tax. terms of the sale were 2/10, n/30. which entry is required to record this payment? a. Debit Cash, \$900; credit accounts receivable sales \$900 b. Debit cash, \$936; ...

What careers can i do with these subjects?

ACCOUNTING HELP
Hello, I'm having trouble understanding Direct Cost, Overhead Cost and Indirect Cost. ***Also Period cost and Product cost. please can anyone explain it and give examples for each! thanks

Hi, could someone help me please with the following questions? Thanks 1. Carmen Santiago works for a number of businesses as a “consultant.” She has helped design accounting systems, provided accounting services, and analyzed the financial strength of her clients’ ...

ACCOUNTING HELP
Hello, I'm having trouble understanding Direct Cost, Overhead Cost and Indirect Cost. ***Also Period cost and Product cost. please can anyone explain it and give examples for each! thanks

Cost Accounting
A company’s sales volume averages 4,000 units per year. Recently, its main competitor reduced the price of its product to \$48. The company expects sales to drop dramatically unless it matches the competitor's price. In addition, the current profit per unit must be maintained...

accounting
The major difference in the statement of retained earnings between a service business and a Merchandising business is A. that the retained earnings statement of a merchandising business includes dividends. B. that the retained earnings statement of a merchandising business ...

Economic/ Accounting
what are welfare payments or consumer subsidies

QuickBooks Accounting
Describe how the QuickZoom feature of QuickBooks does or does not provide the same help in the statement of cash flows as it does in the income statement.

accounting
In recent years, there has been a lot of media coverage about the funding status of pension plans for state employees. In many states, the amount of money invested in employee pension plans is far less than the amount estimated to be needed to pay them the retirement benefits ...

Accounting
Use the following information to answer questions 8-10. The Boxcar Corporation has paid a total of \$1 million in cash bonuses to its officers for 8 consecutive years. The board’s policy requires that, for this bonus to be paid, net cash provided by operating activities ...

Accounting
Use the following information to answer questions 5-7. Blue Bird Bus Company is suffering declining sales of its principal product, school buses. The bank has threatened to call due a note if the company’s net income declines next year. The president, Joe Blow, talks to his ...

Accounting
The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually high. The corporate tax rate is also high this year but it is scheduled to decline significantly next year. In light of this information, the ...

Accounting
NOTE: I NEED HELP WITH THESE 10 QUESTIONS,IT IS AN EMERGENCY PLEASE! Use the following information to answer questions 1-4. The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually high. The corporate ...

Accounting; Emergency
NOTE: I NEED HELP WITH THESE 10 QUESTIONS,IT IS AN EMERGENCY PLEASE! Use the following information to answer questions 1-4. The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually high. The corporate ...

Accounting
NOTE: I NEED HELP WITH THESE 10 QUESTIONS,IT IS AN EMERGENCY PLEASE! Use the following information to answer questions 1-4. The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually high. The corporate ...

finance
It’s been two months since you took a position as an assistant financial analyst at Caledonia Products. Although your boss has been pleased with your work, he is still a bit hesitant about unleashing you without supervision. Your next assignment involves both the calculation...

Accounting Questions
NOTE: I NEED HELP WITH THESE 10 QUESTIONS,IT IS AN EMERGENCY PLEASE! Use the following information to answer questions 1-4. The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually high. The corporate ...

managerial accounting
Scott Manufacturing Co.’s static budget at 10,000 units of production includes \$40,000 for direct labor and \$4,000 for electric power. Total fixed costs are \$23,000. At 12,000 units of production, a flexible budget would show:

accounting
Meranda Corporation purchases a machine for \$125,000. It has an estimated salvage value of \$10,000 an is expected to produce 50,000 units in its lifetime. During the first year of operation, it produced 14,500 units. To the nearest dollar, the depreciation for the first year ...

accounting II
i am completely stuck on this! 5. Manufacturing statements and cost behavior Tampa Foundry began operations during the current year, manufacturing various products for industrial use. One such product is light-gauge aluminum, which the company sells for \$36 per roll. Cost ...

Cost Accounting
The accounting records of Nu-tonics Inc., include the following information for the year ended December 31, 2013: Materials Inventory as at 1 January 2013 \$ 20,000 Materials Inventory as at 31 December 2013 \$ 24,000 Work in process Inventory as at 1 January 2013 \$ 12,000 Work ...

Cost Accounting
The accounting records of Nu-tonics Inc., include the following information for the year ended December 31, 2013: Materials Inventory as at 1 January 2013 \$ 20,000 Materials Inventory as at 31 December 2013 \$ 24,000 Work in process Inventory as at 1 January 2013 \$ 12,000 Work ...

Cost Accounting
The accounting records of Nu-tonics Inc., include the following information for the year ended December 31, 2013: Materials Inventory as at 1 January 2013 \$ 20,000 Materials Inventory as at 31 December 2013 \$ 24,000 Work in process Inventory as at 1 January 2013 \$ 12,000 Work ...

accounting II
3. Definitions of manufacturing concepts Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used Brass \$75,000 Repair parts 16,000 Machine lubricants 9,000 Wages and salaries Machine operators 128,...

accounting
i need help working through this! i am stuck. 3. Definitions of manufacturing concepts Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used Brass \$75,000 Repair parts 16,000 Machine lubricants 9...

accounting
After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of \$673,400, and Allowance for Doubtful Accounts has a balance of \$11,900. Describe how the accounts receivable and the allowance for doubtful accounts are reported on ...

accounting
The Sneed Corporation issues 10,000 shares of \$50 par value preferred stock for cash at \$75 per share. The entry to record the transaction will consist of a debit to Cash for \$750,000 and a credit or credits to:

Accounting
In June 2011,Kelly purchased new equipment for \$26000 to be used in her business.Assuming Kelly has net income from her business of \$75000 prior to the deduction,what is the maximum amount of the cost recovery Kelly can deduct rounded to the nearest \$,assuming she does NOT ...

Manegerial accounting
calculate the net operating income , evergreen corp has provided the following data: sales per period 1000 units ,selling price \$ 40 per unit , variable manufacturing cost 12 per unit, selling expenses \$5,100 pls 5% of selling price , administrative expenses \$3,000 plus 20% of...

accounting
If you can earn 4 percent, how much will you have to save each year if you want to retire in 35 years with \$ 1 million?

accounting
On December 31, 2013, University Theatres issued \$500,000 face value of bonds. The stated rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in 15 years. If required, round your answers to the nearest whole dollar. Follow the format ...

managerial accounting
what is nile's strategy for success in the marketplace ?

accounting
Cartwright inc has \$1,000,000 of 10% bonds outstanding on December 31, 20x8. On January 1, 20x9 adams corp and 80% owned subsidiary of Cartright, inc purchases a \$250,000 part of cartwrights inc's outstanding bonds in the market for \$245,000. Interest accured by 12/31/20x9 is...