FREE Trial S
  1. study help categories
  2. business
  3. accounting qa by year and month

Top Selling Accounting Questions

What is the source of funds within Micro Credit How does this differ from traditional sources of financing What internal and external governance mechanisms are in place in Micro Credit What roles do... The marketing department at Gadgets Galore has found that when certain iPods are sold at a price of p dollars per unit, the revenue R (in dollars) as a function of the price p can be demonstrated by... The following Trial Balances for the Markham Corporation are below. The balances for the fiscal year-end December 31, 2018 are final and based on the Audited Financial Statements The bookkeeper for... The Saskatoon Credit Union selected a sample of 40 student chequing accounts. Below are their end-of the-month balances, in dollars: $ 281 619 741 161 342 935 503 826 154 957 531 500 143 331 524 777... Coffee Co. (the Company) is a global distributor of organic coffee beans and teas that is registered with the SEC in the United States. The Companys operations are primarily located in the United... The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc. Net sales.................................................$10,711 Total... This week, you will complete two separate activities. The first part focuses on the ethics of conducting research with children and adolescents. You will need to review the APA and SRCD websites (see... Lancaster and Reed are partners in a successful sporting goods store. Their profit and loss sharing agreement stipulates that interest of 10% is to be allowed on beginning capital balances, that... Assume today is the 21st of February. Using the information below, FT Extract, answer the following questions (parts i and ii). You work for a US company that is due to receive 250 million in June... . The January 1. 2020, balance sheet of the partnership of Linda Kingston and Jeannette Allen is shown below. Liabilities and Capital Assets $ 20,000 180,000 Liabilities... Capital-Kingston... Assume the same facts as in problem 4. Assume that the $60,000 ending inventory is sold by Ramos by the end of 2011. Also assume that in 2011, Tolson purchases an additional $80,000 in inventory from... (a) During March, Callaho Inc. recorded total sales of $800,000, all on credit. Collections during March were $440,000. Total receivables identified as being uncollectible and written off during... (b) Assume that Vietnam and Korea produce only two goods: noodles and wine. Further assume that each country is endowed with 300 labor hours which can be used to produce noodles and wine. The... Fill in the consolidation working paper as necessary to consolidate Piaget and Schenks balance sheet accounts at the date of acquisition. Use this information for the following 5 questions. What is... Roman Destinations issues bonds due in 10 years with a stated interest rate of 6% and a face value of $500,000. Interest payments are made semi-annually. The market rate for this type of bond is 5%.... Use the following forward and spot prices for Canadian dollars (C$) to answer the question below. The prices are in U.S. dollars ($/C$). Forward rate for 4/15/20 Spot rate delivery of Canadian... Assume that a customer enrolls in AAAs Premier Membership, which provides 12 months of roadside assistance for $120. On August 1, 2018, a customer purchases a contract that runs from that date... In the system presented on the above diagram, block 2m and block 3m are connected by a light string passing over a frictionless pulley. Block 2m is placed on the surface of a horizontal table with... Assume that you have completed your procedures on the audit of Warren Corporation and have found the following audit issues. Indicate the account balance financial statement assertion that is likely... 1. Differentiate between primary and secondary research. Provide an example of each that Boston Pizza might have used in determining that the SAIT Polytechnic campus in Calgary would be a logical... On December 31, Year 1, the West Corporation estimated that $6,000 of its receivables might not be collected. At the end of Year 1, the unadjusted balances of Accounts Receivable and Allowance for... A 20 kg child and a 30 kg child sit on opposite ends of a 4 m seesaw that is pivoted at its center. How far (in meters) from the first 20 kg child should a second 20 kg sit to balance the seesaw?... The number of automobile trips per hour(V) between tow midwestern cities has the following function: V = aT,20T 15 C,05C6 Where TA and TT are the travel time for auto and transit, respctively; CA and... Fred puts $5,475 into a term deposit on May 15th. The deposit earns a simple interest rate of 4%. If the term deposit will mature on August 14th, how much interest will Fred earn? Last year, Jarod left a job that pays $80,000 to run his own bike-repair shop. Jarod's shop charges $65 for a repair, and last year the shop performed 5,000 repairs. Jarod's production costs for the... AAI specializes in production of music equipment. The firm incurred $3.2 million to do feasibility study of the new equipment. The projected sales volume of a new seven-octave voice emulation implant... Kabana Industries manufactures widgets in two stages. The first phase of production occurs in the Assembly Department. Units are then transferred to the Finishing Department where the product is... Kenyan Children Matter, Inc., a small nonprofit entity devoted to providing for primary school costs for underprivileged or orphaned children, prepares a brochure about its programs. The brochure... Two boxes are given. There are 15 white and 12 black balls in the first box, and 14 white and 18 black balls in the second box. Anna provides the following experiment. Anna puts her hand in the first... Gretchen's 2017 tax return, due April 15, 2018, was filed on July 15, 2018 Her tax due with the return was $1,200 Gretchen owes a late filing penalty of $180. True False The City of Monroe Scholarship Foundation private-purpose trust fund had the following account balances on January 1, 2017: Debits Credits Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . .... The old management of the supermarket claimed that expenditures per customer are normally distributed with mean ? = $95 and ? = 21? The new management of the supermarket want to check if the claimed... Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter.... Of 99 adults selected randomly from one town, 60 have health insurance. Construct a 90% confidence interval for the percentage of all adults in the town who have health insurance. a (52.5%, 68.7%) b... The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. Prepare a statement of stockholders' equity for the year ended December 31, 20Y9.... Train A with proper length L moves eastward at speed v, while train B with proper length 2L moves west at speed v. The point where their fronts coincide is an event E1, while the point when their... A new intelligence test is the National Index Test/Western Intelligence Test (NITWIT). It has a mean score of 100 with a standard deviation of 20 points. Another new intelligence test is called the... Good Produce Sdn. Bhd. is a manufacturing company. It manufactures 2 products, known as A and Z. The following information is given for the year 2019: - The standard direct materials and direct... Carmel Fisheries operates both a fleet of fishing boats and a cannery. All fish brought in by the companys fleet are processed at its own cannery, and its cannery processes no other fish. If the... Joel has four transactions involving the sale of capital assets during the year resulting in a STCG of $5,000, a STCL of $12,000, a LTCG of $1,800 and a LTCL of $1,000. As a result of these... A supersonic flow at Mach 3.0 and y = 1.4 is to be slowed down via a normal shock in a diverging channel. For the conditions shown in the Figure below, find p2/p and pe/pi. Exit Inlet M, = 0.4 M =... A parent sold land costing $400,000 to its subsidiary for $450,000 in 2017. The subsidiary still holds the land at the end of 2019. On a working paper prepared to consolidate the financial statements... Diana Suares is aware that unless the company changes its strategy in some way, its operations in 201 7 will be unprofitable. Alternative marketing plans for 2017 are summarized below. Plan A:... IT Express produces a range of notebooks and diaries that are sold exclusively online via the company's website. Customers have the opportunity to personalise their purchase by selecting designs for... Martin Company's cost of goods sold is 40% of net sales revenue. This means that for every $1 of net sales revenue, Martin has $0.60 of gross profit. True False Gadgets Inc., received an invoice from a supplier for raw materials that had a list price of $12,600.00. The supplier offered a series discount of 30/20/10 and terms of 2/10, n/30 ROG and F.O.B.... distillation, a number of methods were proposed for solving the equations graphically or algebraically during an 18-year period from 1920 to 1938, prior to the availability of digital computers.... Company History. Wawa Wild Wings, (WWW) was formed in 1980 by 3 residents of the town of Wawa Ontario, located about 230 kilometers north of Sault Ste. Marie Ontario. The 3 equal partners are Cosmo... Case Pricing Police: An activity-based costing model of police servicesn n What other data would have been helpful for this case? Role-playing as the decision-maker in the case, what do you decide to... ING Direct Canada was launched in 1997 by veteran Canadian banker Arkadi Kuhlmann as a subsidiary of ING Groep NV, a global financial-services corporation headquartered in the Netherlands. It was the... 1. Pocohontas, who is pregnant, seeks to challenge a state statute restricting the right to an abortion in the first trimester. By the time the case reaches the U.S. Supreme Court, Pocohontas is,... Nowhereland is an island economy with population of 4 Alice, Bob, Catherine and David. Everyday there are two survival activities under the northerly Sea of Ferocity: catching jellyfish and... The trial balance of Winsor Corporation is reproduced on the following page. The information below is relevant to the preparation of adjusting entries needed to both properly match revenues and... On 1/4/2018 Heba requested Jordan Kuwait bank to increase the guarantee value to become 45000 instead of 30000. cash collateral percentage was 20%, stamps .003, and commissions on guarantee 4% . the... The Perils of Menu Planning Until six months ago, the Madison Avenue Grill was a thriving 300 unit casual dining chain with restaurants stretching from Seattle, Washington, to London, England. But... A licensed real estate broker is estimating the costs for the closing of a residential property that sold for $48,750. The buyer is assuming an existing mortgage of $36,15, and the seller is taking... Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell... we have learned that consolidated financial statements need to be prepared when one organization has a controlling financial interest in another organization. Control generally means with a majority... Classic, Inc., a C corporation, distributed property to its sole shareholder as part of a complete liquidation. Classic's adjusted basis in the property was $660,000. The property had a fair market... Rachel shook her head and gave a loud sigh as she hung up the phone from talking with her dad. What is it? her roommate Claire asked. Per usual, Daddy Jim wants me to use my schooling, as he likes to... Tamara Quist is a 36-year-old Canadian citizen, and the only daughter of Bob and Linda Quist. Tamara is the president and sole owner of all 100 common shares of Quist Tires (QT), a successful... The Baxter Company has 30,000 shares of $3 par common stock outstanding. The companys board of directors declares a 3-for-1 stock split when the market price is $9 per share. Which of the following... For the given 4-DOF robot: Assign appropriate frames for the Denavit-Hartenberg representation. (add them to the image above) Fill out the parameters table. Write an equation in terms of... Fraud Examination Book Import the ch06_charges.tsv and ch06_approved_vendors.tsv data sets into your analysis software. These files give a list of purchases and vendors that are approved for use,... Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March 31: Stewart Recording Studio Bank Reconciliation March 31, 2020 Bank statement balance $ 21,100 Book... Danny Imasuen is a 37-year-old student working in Quebec. His wages for the current weekly pay period are $580.00. The employer pays $22.00 for life insurance premiums and $190.00 for group medical... Alina recently inherited a large block of land from her uncle. she built a house on the land and subsequently sold the house and the land for $900000. Alina received advice on the tax consequences of... The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? ing F vie v E nd h 42 Unadjusted Trial Balance Cr. Adjusted Trial... Suppose that last year, ABC (Google) reported net income of $36,962, including non-cash charges of $13,109. It had no interest expense. Its net working capital increased by $4,152, and its free cash... As noted earlier, the American Red Cross (ARC) gave an average gift of $20,926 to 563 families and individuals who were affected but would not be eligible for the ARC supplemental gift of... Here is the equity accounts of Stark Industries on January 1, 2019. Share Capital Ordinary ($10 par value) Share Capital Preference (6%, $120 par, non cumulative) Treasury Share Ordinary (8,000... You work in the mergers and acquisitions department of a large conglomerate who is looking to invest in a retail business. Two companies, Fashion Forward and Dream Designs, are the final two options... Electronic Guitars (EG) is considering producing a new guitar and has paid a consultant 5,000 to do some research on the guitar market. The consultant estimates that unit sales for a new guitar would... 3. Andi and Brandon contribute to a public good they both enjoy. Let a denote a contribution by Andi, b a contribution by Brandon. Andi and Brandon may choose any nonnegative contribution levels.... What perspective is conveyed through Indian voices in these documents? Where do you see overlap between the two documents? Are there any places where you sense that these men are holding back from... Economics Develop an original multivariate model using data from FRED (Federal Reserve Economic Data), properly document in APA and compose a two-page explanation of the model (include the original... Two hospital emergency departments will share overhead costs of $4000 created as a cost pool combining costs of the maintenance and housekeeping departments. The cost driver selected is square... Thomas electronics company uses a perpetual inventory system. the unadjusted trial balance for thomas electronics company at march 31, 2018, follows: ? ? Requirement 1. ? Journalize the adjusting... Emma and Laine form the equal EL Partnership. Emma contributes cash of $100,000. Laine contributes property with an adjusted basis of $40,000 and a fair market value of $100,000. How much gain, if... Individuals A and B carry on business through a partnership. A and B are both active in the business and share profits equally after deducting partner salaries. In the current year the partnership... Balance sheets and income statements for 3M Company follow. 3M COMPANY Consolidated Statements of Income For Years ended December 31 ($ millions) 2018 2017 Net sales $32,765 $31,657 Operating... Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $188,000 salary working full time for Angels Corporation. Angels Corporation reported $432,000 of... Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: Variable costs per unit: Manufacturing: Direct materials $... Blades, Inc., just received a special order for 120,000 pairs of Speedos, its primary roller blade product. Ben Holt, Blades chief financial officer (CFO), needs shortterm financing to finance this... Ho is earning HK$30,000 per month and has a saving of total HK$900,000. He is now thinking of getting his first home. There are two choices available to him: 1) to buy a flat at HK$4.4M or 2) to rent... Suppose your tax rate is 23% and you want to purchase a municipal bond of $1,750 for 9% interest. At what interest rate on a for-profit bond , before tax, would you be indifferent between the two... B organized Y Corporation and transferred a building with a basis of $100,000 and a fair market value of $400,000. The building was subject to a first mortgage of $80,000 which was incurred two years... Record the following transactions on the books of Franklin College, a private college. All of the transactions are for the year 2015. (a) The College received $315,000 in funds that were pledged in... 2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 23. (Prior to completing this requirement,... ABC Limited (ABC) is a private company producing lunch packages. It mainly sells products to supermarkets and grocery stores. ABC has a loan from a local bank, which is secured by its accounts... Suppose the loanable funds supplied by private households (SP) is i=2+0.01LF where i is interest rate in percentage term and LF is amount of loanable funds. The demand for loanable funds (DLF) is... On July 1, 2020, Concord Corporation purchased Young Company by paying $258,200 cash and issuing a $141,000 note payable to Steve Young. At July 1, 2020, the balance sheet of Young Company was as... 1. Starbucks normally displays its refrigerated inventory openly. What items do you believe have the highest and lowest gross profit margin? If a person steals one of the high gross profit margin... Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company... Fabricating Department Overhead Rate = $48 per machine hour Assembly Department Overhead Rate = $20 per direct labor hour %3D Job 87 has Direct Materials of $5,000 and Direct Labor of $400 Here's the... Compute the convolution signal of the following two signals. (a) x(t) = II(2), and x (t) = A(t)u(t). (b) x (t) = II(t), and x (t) = cos(2t)II(t). You just began a position as a financial accountant at Peyton Approved. In this role, your first task is to prepare the companys financials for the year-end audit. Additionally, the company is... Badger Chair Company makes four different types of chairs: Regular, Standard, Business, and Deluxe. The latter two types of chairs were introduced in 2022. The production and sales of each type of... On January 1, Year 4, Cyrus Inc. paid $914,000 in cash to acquire all of the ordinary shares of Fazli Company. On that date, Fazli's retained earnings were $200,000. All of Fazli's assets and... On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value. 1. In the year 2023, Tilton Products...
Showing 2100 - 2200 of 4912