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Accounting Questions and Answers October 01, 2024

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The formula to compute the asset turnover is a . Sales Average Total Assets ( excluding long - term investments ) . b . Average Total Assets Sales. c . ( Total Assets at the Beginning of the Year + Total Assets at the End of the Year ) Sales. d . Total Assets at the Beginning of the Year Sales.
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subject : Tax and Zakat Accounting Q.2 What money is eligible for Zakat and what are the conditions of obligatory alms? (3 marks) * please I need the answer as soon as possible

16 Complete this question by entering your answers in the tabs below. Prepare the income statement for Garcon Company. Prepare the income statement for Pepper Company. Prepare the current asset section of the balance sheet for Garcon Company. Prepare the current asset section of the balance sheet for Pepper Company. Required information [The
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During its first year of operations, Sarasota Corporation had the following transactions pertaining to its common stock. Jan. 1 0 Issued 6 6 , 5 0 0 shares for cash at $ 5 per share. July 1 Issued 4 3 , 5 0 0 shares for cash at $ 1 0 per share. ( a ) Journalize the transactions, assuming that the common stock has a par value of $ 5 per share. (
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E 1 - 1 3 ( Algo ) Classifying and Calculating Cost [ LO 1 - 4 ] Noteworthy, Incorporated, 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 $ 9 4 0 Depreciation on CEO's company car 1 5 0 Speakers used in the keyboard

Mr owando started his business ( Owando enterprises ) after retiring by depositing his pension ( 4 0 M ) into a bank account and some ( 2 . 5 M ) remaining in cash. For the first month in business ( June 2 0 2 3 he transacted the following business: 1 . Acquired premises from Wahegulu ltd for 5 M which he renovated and customized for his business

part A,B,C,D please Using the information provided, construct a monthly cash budget for October through December 2017. Based on your analysis, will Noble enjoy a surplus of cash, or require extemal financing? Construct a pro forma income statement for the first fiscal quarter of 2018 (Oct. through Dee. 2017) and a pro forma balance sheet as of
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CHAPTER 15 (10.) Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2018. Edison purchased the equipment from International Machines at a cost of $129,170. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information:
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Acoma, Incorporated, has determined a standard direct materials cost per unit of $6.40 ( 2 feet $3.20 per foot). Last month, Acoma purchased and used 4,290 feet of direct materials, for which it paid $13,299. The company produced and sold 2,030 units during the month. Required: Calculate the direct materials price, quantity, and spending
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In Excel Please Create an Excel worksheet with formulas that show the calculations of profit. Show the results of each scenario described in the following three bullets. To maximize prots, the seller can do the following To maximize prot from separate prices the seller charges $600 for the monitor and $1,300 for the computer. In this scenario
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During an audit of the purchasing cycle, the auditor may choose to request vendors monthly statements or send confirmations to major vendors requesting a statement of open account items. The auditor reconciles each vendors statement or confirmation with the clients accounts payable trial balance. Reflect on whether assertions are tested by

Which of the following best describes relationships among auditing, attest, and assurance services? Multiple Choice Auditing is a type of assurance service. Assurance is a type of attest service. Attest is a type of auditing service. Auditing and attest services represent two distinctly different types of services - there is no overlap.
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The financial statements most frequently provided include all of the following except the: statement of retainedhernings. statement of stockholders' equity. statement of cash flows. balance sheet.
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Mira allocates office and administrative costs to clients monthly, using a predetermined overhoad alocation rate based on billable hours During July Mra's professionais spent 37 hours on their client, Riley Sales. Mira adds a 20% markup on its costs to cakcufate the amount billed to the customer. How much should the company charge Riley Sales for
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The records for Sheridan Inc. showed the following for 2 0 2 5 : Cash paid during the year for expenses, $ 5 0 , 8 5 0 Calculate the amount of expense that should be reported on the income statement. Amount of expense $
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Garnett Company se organiz el 1 de enero de 2020 con un capital autorizado de 100 000 acciones de valor nominal P200. El 10 de enero, la empresa emiti 25.000 acciones a P220 por accin. El 25 de marzo, la empresa emiti 1000 acciones para servicios legales cuando el valor razonable era de P240 por accin. El 30 de septiembre, se emitieron 5000

On July 1, 2020, Whispering Inc. made two sales. 1. It sold land having a fair value of $914,620 in exchange for a 4-year zero-interest-bearing promissory note in the face amount of $1,439,168. The land is carried on Whispering's books at a cost of $600,100. 2. It rendered services in exchange for a 3%, 8-year promissory note having a face value

1. Which of the following is not a characteristic of managerial accounting A. Information is used by internal parties B. reports are prepared according to GAAP C. information is subjective, relevant, future-oriented 2. Which of the following is not a characteristic of financial accounting? A. Information is objective, reliable and historical B.

Becton Labs, Inc., produces a compound called Fludex. The company has developed standard costs for one unit of Fludex as follows: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 2.5 oz $20 per oz $50 Direct labor 1.4 hours $22.5 per hour $31.5 Variable overhead 1.4 hours $3.5 per hour $4.9 Total standard cost per

The practice of bringing specific issues to the attention of management if they depart from expectation is called Multiple Choice fuzzy matching management by exception outlier anomaly
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Which of the following is one of the three stages in preparing a cash budget? Question 1 3 Answer a . Calculating financial ratios b . Forecasting expenses c . Calculating depreciation expenses d . Finalizing the balance sheet e . Preparing the bank reconciliation report

Check Problem 10A-12 Selection of a Denominator; Overhead Analysis; Standard Cost Card [LO10-3, L010-4] Morton Company's budgeted variable manufacturing overhead is $1.50 per direct labor-hour and its budgeted fixed manufacturing overhead is $336,000 per year. The company manufactures a single product whose standard direct labor-hours per unit is
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On May 1 , Beasley paid $ 4 0 0 , 0 0 0 in stock ( fair value ) for all of the assets and liabilities of Donovan, which will cease to exist as a separate entity. In connection with the merger, Beasley incurred $ 1 5 , 0 0 0 in accounts payable for legal and accounting fees. Beasley also agreed to pay $ 7 5 , 0 0 0 to the former owners of Donovan

Q11 On December 31, 2021, the Grone Profit in the multiple-step income statement is equal to: $3.09 6.000 $714 000 $3.156 000 None of the above On December 31, 2021, the Grone Profit in the multiple-step income statement is equal to: $3.09 6.000 $714 000 $3.156 000 None of the above
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Draw an ER diagram for the following situation. 5. You are asked to create a database to store customer and order information. The customer information to be captured includes the customer ID, customer name, account balance, and credit limit. The order information to be captured includes order ID, order date, and total amount. Each customer may
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ASAP please On journal paper, prepare the end of period CLOSING JOURNAL ENTRIES for the Quick-E Delivery Service. OMIT EXPLANATIONS The adjusted account balances (assume normal balance) of the Quick-E Delivery Service at October 31 are as follows: Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation - equipment
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Question 1 2 5 pts Expenses represent the amount owed by a company. True False
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Standard Job Order Costing - Variance Analysis Special order lamps are manufactured in division S. Because of the precise nature of the process a standard cost system has been developed. The following standards are used for the special orders: Standards Lamp Kits Direct Labor Variable Overhead " Fixed Overhead Total $ 16.000000 per lamp 2.400000
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Monitor Muffler sells franchise arrangements throughout the United States and Canada. Under a franchise agreement, Monitor receives $640,000 in exchange for satisfying the following separate performance obligations: (1) franchisees have a five-year right to operate as a Monitor Muffler retail establishment in an exclusive sales territory, (2)
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In MikesBikes, your Factory loses production capability to Wastage. If, for example, your Efficiency Index was 0.70, then 30% of your total capacity would be lost to Wastage. If you had 20,000 SCU of Factory Capacity and an Efficiency Index of 0.75 (i.e. 25% Wastage); how many Standard Capacity Units (SCU) would be available for production? 25,000

Assume that actual overhead costs were $ 8 0 comma 0 0 0 and overhead allocated to jobs was $ 6 7 comma 0 0 0 . The unadjusted balance in Manufacturing Overhead would be _ _ _ _ _ _ _ _ debit or credit?

The following cost data pertains to ABC Company for the month of December: Direct material used in production Depreciation for factory building Direct labor wages Cost of finished goods, inventory at year-end Indirect labor - wages Production supervisor's salary Product promotion costs Service department costs for manufacturing Sales commissions
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On January 1, 2016, an investor paid $297,000 for bonds with a face amount of $335,000. The stated rate of interest is 11% while the current market rate of interest is 13%. Using the effective interest method, how much interest income is recognized by the investor in 2016 (assume annual interest payments and amortization)? $32,670. $38,610.

The borrowing of funds secured with accounts receivable is: Select one: a. Discounting b. Securitizing c. Pledging d. Factoring

A company generates its revenue from various departement. Considaring the annual sales tareget for the year 2 0 2 4 bwas a 1 3 % imporovement over the 2 0 2 3 sales figures , how far off are the sales in oreder to reach its sales target

mation to answer question # 12, 13, & 14 Jadley Corporation, which has only one product, has provided the following data concerns month of operations: Selling price $ 126 Units in beginning inventory Units produced Units sold Units in ending inventory 1,900 1,800 100 Variable costs per unit: Direct materials Direct labor Variable manufacturing
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Main doinvokere&takeAssignmentSessionLocator Binprogressetalse eBook Show Me How Calculator Computing Gross Profit The following data were taken from the accounts of Fluter Hardware, a small retail business. Sales $119,500 Sales returns and allowances 940 Sales discounts Merchandise inventory, January 1 35,700 Purchases during the period 76,900
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In March of the current year, Marcus began investigating the possibility of opening a specialty clothing store. From March through June, he spent $2,300 on a market survey, $2,700 in consulting fees to the best location and $3.600 in professional fees setting up an accountir and inventory system. Although he had never run his own business before,
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Required information The following information applies to the questions displayed below) The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first month of operations. Sales tax is collected at the time of sale but is not paid to the state sales tax agency until the following month 1. Cash
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For the Pizza Piazza partnetship return, what would be different on the return if Gabriella was a limited partner with a 2 0 percent interest? Question 1 8 of 2 0 For the Pizza Piazza partnership return, what would be different on the return if Gabriella was a limited partner with a 2 0 % interest? Schedule K , line 1 4 a , would be less, and
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Bowman Company manufactures cooling systems. Bowman produces all the parts necessary for its product except for one electronic component, which is purchased from two local suppliers: Manzer Inc. and Buckner Company. Both suppliers are reliable and seldom deliver late; however, Manzer sells the component for $89 per unit, while Buckner sells the
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Please solve everything Vermillion Limited has a total of 200,000 common shares issued. On October 3, 2020, CT inc purchased a bleck of thete shares in the open market at 550 per share to hold as a long-term equity investment. Vermillion reported net income of 5593,000 kor the year ended September 30,2021 , and CT recehed a 50.26 -perighare
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A parent company exchanges 2 0 , 0 0 0 shares of its $ 2 par value common stock, with a fair value of $ 1 0 / share , for all of the shares owned by the subsidiary s shareholders. On the acquisition date, the subsidiary reported $ 4 0 , 0 0 0 of contributed capital ( i . e . , common stock ) and $ 1 0 0 , 0 0 0 of Retained Earnings. An examination

17 Complete this question by entering your answers in the tabs below. Compute the total prime costs for both Garcon Company and Pepper Company. Complete this question by entering your answers in the tabs below. Compute the total conversion costs for both Garcon Company and Pepper Company. Kequirea intormation [The following information applies to
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4 Event Statement of Cash Flows book Assets Cash Accounts Receivable 70,000 40,000 1 + LEWIS AND HARPER Horizontal Financial Statement Model For Accounting Year 1 Liabilities Stockholders Income Statement Equity Accounts Salaries Retained Payable = Net Income Revenue Payable Expense Earnings 70,000 70,000 70,000 40,000 36.000 10.000 (47.000)
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Lessing Toy and Hobby ( LTH ) is a chain of hobby and craft stores in the Southeast. LTH operates multiple stores and is organized into two divisions: Northern and Southern. Individual stores are placed in one or the other division based on geography. Recent demographic changes in the Northern Division area have led to declining foot traffic and
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Cul de los siguientes no es un ejemplo de una vulnerabilidad de seguridad fsica? Opcin multiple Visitantes sin escolta en las instalaciones. Mala eleccin de contraseas. Falta de un plan de recuperacin ante desastres. Falta de un detector de humo en la sala de alojamiento de los servidores.

Answer Questions # 2 With explanation why is the true answer is true. and why the rest are wrong answers. Task-Based Simulation 30 Financial Statement Analysis Authoritative Literature Help DietWeb Inc. (hereafter DietWeb) was incorporated and began business in March of 20X1, seven years ago. You are working on the 20x8 audit-your CPA firm's fifth
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Marbury Company incurs the following costs to produce 10,000 units of a subcomponenti: Direct Materials $7,400 Direct Labor $11,250 Variable overhead $12,600 Fixed overhead $12,200 An outside supplier has offered to sell Marbury the subcomponent for 32.85 a unit. If Marbury accepts the offer, ty how much will net income increar (decrease)? Select
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Prepare the journal entries for the transactions listed below 11/1 Smith shoes purchased $3,800 of merchandise on account; terms n/30 -Fob shipping point 11/6 Paid freight charges of $100 on the merchandise purchased on 11/1 11/8 Smith shoes sold merchandise on account for $2,400, terms 1/10, n/30. The merchadise had an inventory cost of $1,000.

2) Beta Corp. owns 80% of Gamma Corp. The Consolidated Financial Statements of Beta Corp. for 2019 and 2020 are shown below: 2) Beta Corp. Consolidated Balance Sheet 2019 Cash Accounts Receivable Inventory Land Plant and Equipment Accumulated Depreciation Goodwill Total Assets Accounts Payable Accrued Liabilities Bonds Payable Less Bond Discount
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how would I go about this? Required information [The following information applies to the questions displayed below.] Quick Copy purchased a new copy machine. The new machine cost $100,000 including installation. The company estimates the equipment will have a residual value of $25,000. Quick Copy also estimates it will use the machine for four
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The following is an example of _ _ _ _ _ . Increase ( Decrease ) Current Year Prior Year Amount Percent Current assets $ 4 2 0 , 0 0 0 $ 5 0 0 , 0 0 0 $ ( 8 0 , 0 0 0 ) ( 1 6 % ) Fixed assets 1 , 5 3 0 , 0 0 0 1 , 5 0 0 , 0 0 0 3 0 , 0 0 0 2 % a . regression analysis b . net assets analysis c . marketability analysis d . horizontal analysis

What is the accrual basis of accounting? Question content area bottom Part 1 A . A basis of accounting that records economic events when they happen rather than only when cash exchanges occur. B . An entry that reflects events in a period different from their corresponding cash flow. C . A method of accounting that does not require accruals for

Splish Corporation's absorption costing system generated the following income statement for the year just ended, where it recognized no standard cost variances. \ table [ [ Sales , $ 1 7 , 5 0 0
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heres the #2 info 3. Using the data given for North End Oil in problem 2, compute the depreciation for 2014 under each of the following methods, assuming that the truck was purchased on July 1, 2014, and was driven 20,000 miles during 2014 a. Straight-line b. Units-of-Activity: C. Double-declining balance: 2. North End Oil Company purchased a
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On December 3 0 , Year 3 , Varsity Corporation sold its investment in marketable equity securities costing $ 8 0 0 , 0 0 0 for $ 8 6 0 , 0 0 0 cash. The securities were purchased on January 2 , Year 1 , and the market value of the securities was $ 8 2 0 , 0 0 0 and $ 7 8 0 , 0 0 0 on December 3 1 , Year 1 and Year 2 , respectively. How much gain
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ignore the blue dot, I am unsure that is the answer hours, was budgeted at 50,760 heurs. Actual machine hours were 45,080 . A total of 101,020 unita was budgeted to be produced and ah oog units wiere actaply produced. Pinnacia's plantwide factory everhead rate for the current year is: a. 55.37 per mack ise hour b. is is por alachine bind c 5370per
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what are the ratios needed to determine underreporting accounts payable? and why a company would under report account payable

percentage Departmental information for the four departments at Samoa Lndustries is provided below. The Janitorai and Cafeterla departments are suppoit departments. Determine the proportionsi (percentage) usage of the Cafeteria Departrent by the (a) Cutting and (b) Assembly departments uting the direct method
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Which of the following is the appropriate equation to solve for Cost of Goods Sold? Multiple Choice Beginning Work in Process Inventory + Total Manufacturing Costs - Ending Work in Process Inventory Direct Materials + Direct Labor + Manufacturing Overhead O Beginning Work in Process Inventory - Total Manufacturing Costs + Ending Work In Process
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Exercise 21-12 (Algo) Direct materials and direct labor variances LO P3 Camila Company has set the following standard cost per unit for direct materials and direct labor. Directmaterials(15poundse$4perpound)Directlabor(3hours&$15perhour)$60 During June the company incurred the following actual costs to produce 8,700 units. (1) Compute the direct
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Determine physical units and equivalent units of production for Company C under the (1) FIFO method and (2) weighted-average method. Determine physical units and equivalent units of production for Company C under the (1) FIFO method and (2) weighted-average method. (1) FIFO method STEP 2 (2) Weighted-average method \begin{tabular}{lrll} &
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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Assuming situation ( a ), prepare the employers September 30 journal entry to record the
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Brussels Enterprises issues bonds at par dated January 1 , 2 0 2 1 , that have a $ 2 , 5 0 0 , 0 0 0 par value, mature in four years, and pay 6 % interest semiannually on June 3 0 and December 3 1 . Record the entry for the issuance of bonds for cash on January 1 . Record the entry for the first semiannual interest payment and the second
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I need help with an accounting question it is about journal entries so this part has 2 years 2 0 2 4 and 2 0 2 5 and there are drop down arrows for the dates and the 2 date options are: Jan 1 5 th and Dec 3 1 st . Also under the account titles there are some option that you can choose from make sure you use the exact term I give because these the
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Arthur received a Form 1099-NEC with box 1 filled in as earning $4,200 from a general contractor who paid him to do some special finish carpentry on a custom home. How should he report this income? A)Report the income on Schedule 1 (Form 1040) on line 8 as other income. B)Report the income on Schedule 1 (Form 1040) on line 8 as other income and

puchalla corporation sells a product for 290 per unit The products current sales are 14000 units and its break-even sales are 10,360 units the margin of safety as a precentage of sales is closet to:26%,35%,74%,65%

Please show work on how to calculate the cash flow colums Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $135,000. Project 2 requires an initial investment of $98,000. Annual Amounts Project 1 Project 2 Sales of new product $ 100,000 $ 80,000 Expenses Materials, labor,
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The following data were taken from the records of Metlock Company for the fiscal year ended June 30, 2022. $53,000 $32,700 48,400 4,800 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities 97.400 Raw Materials inventory 7/1/21 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/21 Finished Goods Inventory
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thanks in advance SH Hann Auteave Chat menent. Protected View Dute View MICROW to steedom DOW Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formules with cell references to the Problem area or work area as indicated. Use the function with colorences to label as Favorable or Unfavorable A
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Which of the following statements is correct regarding A B testing? Both a and b are correct. Neither a nor b is correct. A / B testing is primarily used for testing product durability and lifespan in physical products. Generally speaking, users are provided with a consent form before any A B test and can refuse to participate.
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What useful accounting data might be captured in a specialized payroll journal, in addition to the net wages paid to each employee? In addition to the invoice from the supplier, what other evidence does the accounting department need to collect - and where is this evidence found - in order to safely authorize payment of the invoice?

statement of comprehensive income Measures performance as a snapshot on a specific date.Prepared according to GAAP, will show revenue when it accrues. Excludes accrued taxes payable. Includes expenses only when they are ultimately paid off in cash. Is an accurate representation of a firm's net cash flows.

Which of the following intangibles is defined as a Section 1 9 7 intangible asset? a . An interest in a corporation. b . A partnership interest. c . A separately acquired sound recording. d . A covenant not to compete acquired as part of a business. e . An interest in land.

Identify the consideration each side offered in the written contract and the implied contract you provided for Module 3 (2 pts.). A copy of a covenant not to compete as a condition of employment or in connection with the sale of a business (2 pt.). If the covenant you find contains personal information, please redact (black out) the personal

Suponga que una empresa de comercializacin proporciona la siguiente informacin de su presupuesto maestro para el mes de mayo: Cobros en efectivo de los clientes $ 115 000 Costo de los bienes vendidos $ 80 000 Gastos administrativos y de venta $ 35 000 Cuentas por cobrar, 1 de mayo $ 15 000 Cuentas por cobrar, 31 de mayo $ 20 000 Si todas las

Allison Boone had been practising medicine for seven years. Her speciality was neurology, She had received her bachelor's degree in chemistry from the University of Toronto and her M . D . from McMnster University, She did her residency at Toronto Genernl Hospital. Allison practised neurology in a clinic with three other doctors in Toronto. Her
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Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2016, Lacy received the following information: The expected long-term rate of return on plan assets was 10%. There were no AOCI balances related to pensions on January 1, 2016. At the end of 2016, Lacy amended the pension formula creating a prior service cost of
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Which of the following journal entries is correct when a business entity purchases land costing $ 3 2 , 0 0 0 by signing a one - year note payable? Multiple Choice \ table [ [ Account Title,, ] , [ Cash , Debit,Credit ] , [ Notes payable, 3 2 , 0 0 0 , ] , [ , , 3 2 , 0 0 0 ] ] \ table [ [ Account Title,Debit,Credit ] , [ Land , 3 2 , 0 0 0 , ] ,
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please help Last year, Sweet Acacia Condos installed a mechanized elevator for its tenants. The owner of the company, Anthony Walker, recently returned from an industry equipment exhibition where he watched a computerized elevator demonstrated. He was impressed with the elevator's speed, comfortable ride, and cost efficiency. Upon returning from
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Deacon Company is a merchandising company that is preparing a budget for the second quarter of the calendar year. The following information is available. DEACON COMPANY Balance Sheet March 31 Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Common
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Please answer this question in details thanks 2. Normative Accounting Theories "When it comes to apportioning blame for Carillion's dramatic demise, fingers are being pointed in all directions. But most are missing the real culprit: faulty accounts appear to have allowed Carillion to overstate profits and capital, thereby permitting them to load
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The comparative balance sheet for an entity that had profit of $175,000 for the year ended December 31, 20X2, and paid $52,000 of dividends during 20X2 is as follows: Paz, Inc. Balance Sheet At December 31, 12/31 20X2 12/31/20X1 Cash $150,000 $180,000 Accounts receivable 200,000 220,000 Total assets $350,000 $400,000 Payables 80,000 $160,000 Share

Harrison Company expects to sell 240,000 units of its product next year, which would generate total sales of $21,360,000. Management predicts that income for next year will be $1,290,000 and that the contribution margin per unit will be $21. Complete the below table to calculate the next years expected variable costs and fixed costs. HARRISON

Accounts receivable turnover and days sales in receivables For two recent years, Robinhood Company reported the following Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: a. Determine the accounts receivable turnover for 20Y and 20Y. Round answers to one decimal place.
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Estimated Balance Sheet Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets $48,ee0 438,750 87,900 383,760 958,410 616,000 ok (158,000) 458,000 nces s 1,416,410 Liabilities and Equity s 187,20e 20,000 Accounts payable Short-term
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A company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product Multiple Cholce 51,975 $29.650. $28,850 $28,550
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Tata Motors management is working with their production supervisor to compute a predetermined overhead rate for the coming year to be used in the manufacture of their upcoming car the Tata Safari. The production supervisor has put together a budget of 1,600 direct labor hours for the coming year. During the same period, they plan to use 2,000

You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw,

Z Ltd purchased 60 000 shares of B Ltd for $96 500. B Ltd had a total of 75 000 shares. Z Ltd measures the non-controlling interest as a proportion of fair value of net assets of B Ltd. What is the goodwill that will appear in the consolidated financial statements of Z Ltd given that the fair value of net assets of B Ltd was $91 245 at the date of

I just want the spaces with the x marks Use Dijkstra's algorithm to find the shortest path from u to w for the following graph. Step 0 1 2 3 4 5 t 3/ 15 W 5 V(T) {u} 7 {u} i The table below is similar to Table 10.6.1. Fill in the missing entries to show the action of the algorithm. E(T) u 2 v X 2 {u, x} 1 {u, x, v} X 8 X y 10 5 7 z 0 0 {{u, x}} X
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with excel solution pls The variable manufacturing overhead rate variance amounts to P Indicate in your solution sheet whether it is FAVORABLE or UNFAVORABLE Variance Performance Analysis Cryolab Inc makes and sells a lawn fertilizer called Hypergro. The company has developed standard costs for one bag of Hypergro as follows: Standard
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PROBLEM 3 From the data relating to a company which went into voluntary liquidation, you are required to prepare the Liquidator's Final Statement of Account. (i) Cash with liquidators (after all assets are realised and secured creditors and debentureholders are paid) is* 7,50,000. (ii) Preferential creditors to be paid * 35,000. (iii) Other
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p4 210 Final Assessment X BACC200/210 Final Assessment AIpQLStrepidFX02Ah alu875KTWV1ax HIMN7x654QGZ8WVV800/formResponse Purchases Freight in Purchases Return & Allowance $750,000 6,000 75,000 Purchases Discount Inventory Jan 1, 2021 Inventory Dec 31, 2021 90,000 900,000 300,000 Net purchases is equal to: $585,000 $915,000 $750,000 None of the
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The following transactions occurred for the Falwell Company. 1. A three-year fire insurance policy was purchased on July 1, 2021, for $11,880. The company debited insurance expense for the entire amount. 2. Depreciation on equipment totaled $12,000 for the year. 3. Employee salaries of $16,000 for the month of December will be paid in early
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very lost please help During the year, Wright Company sells 375 remote-control alrplanes for $110 each. The company has the following inventory purchase transactions for the year. Calculate ending inventory and cos of goods sold for the year, assuming the company uses LIFO
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Chec Problem 3 - 2 8 Statement of Cash Flows [ LO 1 ] Some recent financial statements for Smolira Golf Corporation follow. \ table [ [ Assets , 2 0 2 3 , \ table [ [ SMOLIR ] , [ 2 0 2 3 and ] , [ 2 0 2 4 ] ] , \ table [ [ GOLF CORPORATION ] , [ 2 0 2 4 Balance Sheets ] , [ Liabilities and Owners' Equity ] ] , 2 0 2 3 , 2 0 2 4 ] , [ Current
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Evolution of financial accounting standards In establishing financial accounting standards, two basic premises of the FASB are (1) The FASB should be responsive to the needs and viewpoints of the entire economic community, not just the accounting profession. (2) It should operate in full view of the public through a "due process" system that gives

Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Barley Hopp had the following actual results last year: Required: 18 2. Prepare the journal entries to record the direct materials, direct labor and related variances for BarleyjHopp. Assume the company purchases direct
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