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

Top Selling Accounting Questions

One of Utility Company plans to install temporary power supply cables from existing Electrical Sub-station No. 210 to a temporary firewater pump located in existing seawater intake area. In view of... The investor, before buying an apartment building, decided to estimate its cost. It is known that the areas of apartments are rented out, and at 90% of employment potential income per year is 170... Crazy Charlies Inc. leased party tents to Dinas Deli to be used for outside seating at Dinas 15 locations. The lease term is for 2 years. The economic life of the tents is 10 years. The interest rate... Lou Silva has owned and operated The Wellness Store for fifteen years. The company's year-end is December 31st. The following chart lists the company's assets owned prior to 2020 and their UCC... You are hired as a marketing intern at Green Airport. It's your first week on the job and your boss just walked into your office announcing the recipients of the Air Service Development Fund (Warwick... Lynne Duggan, age 16 is a summer student working part-time for a wrestling magazine in Manitoba. This is her first job, and has not paid any CPP or EI. Lynne works 14 hours per week at a rate of... 1. Complete a current year Federal and Provincial TD1 form for the employee. And use these totals to identify the claim code for Federal and Provincial tax. (6 Marks) Note: Include these as... Each of the following independent cases involves a non-resident individual who has Canadian source income during the current year. All amounts are in Canadian dollars. Case A Hebert Haman is a... Calamari Inc. has transferred the following three assets to Squid Co., a Canadian controlled private corporation, under section 85 of the Income Tax Act. Building Land Adjusted cost base (ACB)... A terminal has four customers that need delivery by truck. The customers have the following demand: Customer Demand 1 5 tonnes 2 8 tonnes 3 7 tonnes 4 6 tonnes The truck load capacity is 15 tonnes.... Make a case to the Toronto Zoo about what they need to do to ensure success using a key concept from each chapter that is most relevant to the case to support your response. Be sure to write in... A pharmaceutical company has a new drug under development and would like to know how much profit it might expect to make. The drug has to be tested to pass FDA approval. One hundred subjects will be... Challenge Problem: Richards and Willard determined the molar mass of lithium and collected the following data.6 Experiment Molar mass, g/mol 1 6.9391 2 6.9407 3 6.9409 4 6.9399 5 6.9407 6 6.9391 7... Patterson designs, sources, and sells branded t-shirts, jeans andother products primarily in the United States. The company currently has the following capital structure: $60 million in debt with a... Determine why Mr. Holcombs actions violate the AICPA Code of Professional Conduct, Treasury Department Circular No. 230, and the Internal Revenue Code. HoustonHolcomb CPAs (the firm") has prepared... Chad Boudreaux is a 58-year riverboat captain. He grew up in New Orleans and has worked on the Mississippi River his entire life. He works for a private company in New Orleans called Crescent River... 1. On December 1, 2020, SYMBOLIC CORPORATION a Philippine company, entered into a 4-month forward contract to purchase $250,000 for speculative purposes.SYMBOLICs accounting year ends on December 31.... Dorf Industries Sdn. Bhd. (Dorf) was incorporated in Malaysia under the Company Act 1965 in 2000. Dorf s principal activities include investment holding and manufacturing and selling water taps,... The following transactions relate to merchandise purchases and sales for the month of November 2020. You are required to show the double entry records for each of the transactions. On December 1st,... Please provide the answers in excel with formulas and explanation. Revenues: 2019 2020 Net Patient Service Revenue $1,400 $1,200 Other Revenue 200 200 Total Revenues 1,600 1,400 Expenses: Nursing... John Stanley, a US investor based in New York, is considering a three-year investment on zero-coupon government bonds. Currently, the annual yield to maturity of US, German and Chinese zero-coupon... Ayurveda is a form of medicine practiced in India. In one study, 20% of U.S.- and Indian-manufactured Ayurvedic medicines purchased through the Internet in 2005 contained detectable levels of several... The Stanford-Binet IQ test is nationally normed with a mean of 100 and a standard deviation of 15. A principal in an elementary school believes that her students have above-average intelligence and... Doug returned to his apartment after meeting with his accounting professor from his sophomore year. He was working on a business plan to present to his parents and knew that he needed to provide his... Your friends father just turned 55 and is thinking of joining CPF LIFE. He tells you that if he sets aside the Basic Retirement Sum (BRS) of $90,500 today, he can expect an approximate monthly payout... Your audit client is "Care for the People" (CftP), a for-profit organisation. CftP's main business is to make short-term loans to socially aware businesses, with terms ranging from 1-3 years. The... For the year ended December 31, 2018, Parach Services Ltd. a haulage company has a profit before tax of $77 million after charging/crediting the following. Donations to University of the West Indies... As a financial analyst at Deutsche Bank, you are analyzing the after tax returns for your client. Suppose your client bought a share of stock of AMD at $60, a share of stock Oracle at $70, and a... Amethyst is the managing director of VitC Ltd, a company that produces organic juices. The company has a constitution, which states that the company only purchase oranges and lemons. Further, the... When Anna was a baby, her mother, (Ginny) had a written a popular Christmas song. The copyright to the song was owned by Ginnys employer, a produc tion c ompany. As part of a settlement of an... Determine the breakeven volume of injections for 2016 using the following formula for the contribution margin ratio approach: Breakeven revenue = Total fixed costs + [(Total variable costs / Total... You should use up to 500 words for answering this question. This question tests your ability to plan an answer to a problem question, including your ability to demonstrate how to apply the IRAC... Estimate the linear regression ln(wage i ) = 1 + 2 educ i + e i : where e i is the error and 1 and 2 are the unknown population coe cients. a. Report the estimation results in a common form as... Finch Company had the following assets and liabilities on the dates indicated. Finch began business on January 1, 2022, with an investment of $100,000. Instructions From an analysis of the change in... You have $50,000 farm-related cash on hand in checking and savings. 1. Inventory of Crops and Livestock is as follows: Total corn in storage is 25,000 bushels. Current market price is $4.50/bu. b.... Yoshi, a Japanese citizen working in Atlanta for his Tokyo firm, decided to rent an airplane and fly himself to the Annual Catfish and Zydeco festival in Thibodaux, Louisiana. He rented a small plane... You are auditing the financial statements of Hailey Launders, Inc., a company which carries a wide variety of laundry appliance and supplies, for the year ended December 31,2020. Information about... Michael is a small electrician who lives in Nashville. Hes been in business since the early 2000s. He services Smyrna, Goodlettsville, Murfreesboro, Woodbury, and West Nashville. A typical visit last... As a business analyst in a credit card company, you are asked to analyze Extended Large Credit dataset which includes information of credit card applicants. The upper management of this credit card... Melford Hospital operates a general hospital but rents space to separately owned entities rendering specialized services such as pediatrics and psychiatry. Melford charges each separate entity for... Kool Air (Pty) Limited, a manufacturer of industrial fans, has a taxable income of R2 400 000 for its financial year ended 28 February 2021, before taking the following into consideration: In... Please provide the answers in excel with the formulas and explanation. The administrator of Pearland Nursing Home is very aware of needing to keep his cost down since he just negotiated a new... Anna decided to open Cygnet Jewellery on 1 August 2021. At first, she will just provide a repair service and then move into jewelry production. She contributed equipment valued at $12,000 and shop... As the chief engineer of a small fabrication shop, Brenda Tolliver refers to herself as a "jack-of-all-trades." When an order for a new product comes in, Brenda must do the following: 1. Design the... John Bond is a senior executive of an Australian brewing company (AusLarger) and an Australian resident for tax purposes. During the 2020-21 tax year the company decided to attempt to expand into the... Complete the 2017 income statement and the balance sheets of 2016 and 2017 (i.e. fill in the colored cell with proper formulas). Make sure you have a balanced balance sheet for each year. Use the... Benson owns the Park Restoration and Maintenance Company (PRMC) and estimates his 2020 income will be about $220,000. Benson bought and placed into service a warehouse costing $650,000 ($50,000 to... Denise (SSN 182-90-0113) and Marcus Anders claim their two children, David (SSN 392-40-7417, age 7) and Stacy (SSN 813-20-4444, age 11) as dependents. During the year, Denise worked full-time and... Poplar Outdoor Corporation owns 60 percent of the voting stock of Sugg Australia. Date-of-acquisition information is as follows: Acquisition cost: $59.25 million Fair value of the noncontrolling... The Sweet Home Company (SH hereinafter) produces and sells a wide range of kitchen suppliers. According to its market analysis, SH predicts the sales of electrical grills will grow by 50% as there is... Prepare a sensitivity analysis question with an Excel Sensitivity analysis report and answer it. Make sure your question asks about the following a. Optimal solution b. Optimal objective function c.... Two investment projects which are mutually exclusive both require a $10,000,000 investment. Projected cash flows are provided in a table below. Given discount rate of 12 percent, calculate the net... Cell Therapy, Inc. has a cost of capital of 9%, and it has a project with the following cash flows. What is the NPV of this project? Year Net Cash Flow Cell Therapy, Inc. Cash Flows 0 -100,000 1... Your client, R. E. Dealer, is considering exchanging commercial property with Fabric Industries, Inc. Dealer owns a warehouse which it has held for investment since 2015 with a fair market value of... Prepare a chart of accounts as required and journalize the following transactions and post to the general ledger. (note: general ledger here can be expressed as a T account) TRANSACTIONS On March 1... You are currently trying to decide between two job offers. In both cases you would be considered an employee of the company. The first offer, from Glen Corporation, includes a starting salary of... Matt OGrady, vice president of supply chain at MobileOne thought that his current production and distribution network was not appropriate given the significant increase in transportation costs over... Problem 4.2Stock Distributions(Fractional StockElection to Receive Stock or Property) On June 1, 20x8, X Corporation issued a 10% stock dividend, payable on Common Stock. On the date of the... Builders Warehouse sells building material and plumbing equipment to individual as well as corporate customers. Individual customers are typically walk-in customers who pay for their purchases before... Cuppa Brew Limited (Cuppa Brew) specialises in coffee and owns coffee shops that sell various coffee-based beverages, amongst other things. They run a reward programme for all their loyal customers.... Elena has been a bookkeeper for a local farm equipment assembly business for 3 years and she has been a member of the group insurance plan during that time. The group plan offers short-term and... In terms of revenues, how many sources of revenue does Target have? Describe how they handle merchandise sales. Compute the current ratio for each of the last three years. Discuss if the current... Steve makes $82,000 in salary and he has qualified for annual bonuses in each of the last 2 years, $4,500 and $7,500 respectively. His group benefits provide Long Term Disability (LTD) benefits after... (a) The table below shows the data relating to two call options. Beta Price Expiry Exercise Stock (Months) Price Price AYE Call 1.2 $6 9 $30 $35 PIE Call 1.4 $6 9 $30 $35 The AYE call expiring in 6... The American company Green Plant Inc. (supplier) has signed a contract with the Argentinian company Agua Pura (buyer), to install a new bottling line in its old plant located in Buenos Aires. The... W.W. Grainger and McMaster-Carr: MRO Suppliers W.W. Grainger and McMaster-Carr sell maintenance, repair, and operations (MRO) products. Both companies have catalogs and web pages through which orders... Mrs. Yee purchased stock in Jones Corporation in 2015 for $500. In 2018, she received a distribution of $800 when Jones had no current or accumulated earnings and profits. In 2020, Mrs. Yee received... MNR Company is a non-governmental organization that gives charity to orphans in Ontario. The members of the Trust make subscriptions to fund the organization. There are ten members who are required... Example of Epic Proportions Twenty-five years ago Ronaldo, an accomplished cyclist, purchased a small custom carbon fiber wheel builder Zircles Inc. He applied their expertise in carbon fiber to... Juan Dela Cruz, Filipino citizen, and a resident of N. Reyes St., Sampaloc, Manila, died on May 1, 2021. He is survived by his wife Inday Dela Cruz and their son, Junior. In filing his estate tax... A Ltd is a Singapore-incorporated company and its functional and presentation currency is Singapore Dollar ($). It adopts Singapore Financial Reporting Standards and presents yearly financial... In the case study "That Way Lies Madness," what kind of fraud did Eddie Antar commit? How was the fraud committed? How could such fraud be discovered? Which of the following scenarios would most likely increase financial leverage? Question 3 A company issues bonds to purchase treasury stock. A company buys fixed assets with cash. A company signs an... EOQ and LEAN ACCOUNTING In-Class Illustration #1 XYZ, Inc. expects to sell 180,000 units of its product next year. The cost to purchase a unit is $44.00. The selling price is $80.00 per unit; sales... Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December and posted to the companys ledger accounts: 5) Purchased $450 of supplies... The Briggs family trust received the following income for the year ended 30 June. Rental income (net) 38,000 Unfranked dividends 25,000 Franked dividends (cash) 6,000 Interest 1,648 Trust profits... Century Group Ltd. (CGL) is a public company in Ontario that reports under IFRS. The company is financed by 10,200,000 common shares and $23 million in long-term debt. CGL is planning to launch a new... Julie Anderson is a project manager and her wage is 74,200. Julie's father passed away on April 14. She inherited her fathers cottage in Montana and 80,000 cash. She used the 80,000 to invest in an... Purple Inc. is a merchandising business headquartered in the U.S. and selling primarily to wholesalers. The accounting information system is based upon the principles and rules of U.S. Generally... The following is Cullumber Tours Inc.'s unadjusted trial balance at its year-end, November 30, 2025. The company adjusts its accounts annually. Cash Accounts Receivable Supplies Prepaid Rent. Prepaid... The 8-puzzle problem is played on a 3-by-3 grid with 8 square tiles labeled 1 through 8 and a blank tile. Your goal is to rearrange the blocks so that they are in order. You are permitted to slide... You are a CPA student who works at a public accounting firm. You are currently on the audit of Happy Sails Inc (HSI). HSI sells custom-designed luxury sailboats that they build from scratch. You have... You are an audit assistant allocated to perform the audit of New Grange Ltd for the year ended 30 June 2020. The managing director of New Grange is interested in the audit responsibilities for... You are interested in either buying or leasing a car. The price of the car is $50000. If you buy the car, you have to make a downpayment of 30% of the car price today. Thereafter, you will finance... The following are the financial statement Kin Ltd. for the year ended 31 March 2020: Kin Ltd. Income statement For the year ended 31 March 2020 $M Revenue1,276,000.50 Cost of sales-907,000,000... Production Possibility Frontiers: Apples and wheat Apples Wheat 0 500 1 499 2 496 3 490 4 478 5 455 6 418 7 361 8 279 9 165 10 10 Draw a production possibilities curve for your 200-acre farm between... Gothic Kings Ltd. Is a 100% owned subsidiary of Hadrian Inc. Gothic has been profitable in the past but incurred a loss for the year ended December 31, 20X3. Hadrian has indicated that if Gothic... Jaguar Land Rover Automotive PLC (JLR) is a maker of luxury autos based in Coventry, United Kingdom. JLR uses IFRS and has a fiscal year-end of March 31. You have been asked to use your knowledge of... Suppose that in a certain year, it was reported that the variance in GMAT scores was 14,670. At a recent summit, a group of economics professors met to discuss the GMAT performance of undergraduate... It is December of 2020 and Frankie and Kensley Nguyen have come to you to discuss their 2020 tax situation and some changes they are proposing for the future. They are a married couple and have no... Assume that a Parent company acquires a 60% interest in its Subsidiary on January 1, 2020. On the date of acquisition, the fair value of the 60% controlling interest was $1,440,000 and the fair value... Below is the Probate case of Phillepe and Jenna. Review the fact pattern and answer the questions that follow. ============ Phillipe is a co-founder of a successful bio-med start-up company and Jenna... You are hired as a new cost accountant to Cicchetti Corporation. The company manager, David, is having a meeting with you in his office. He brought you this budgeted income statement that was... Jisoo Limited and Rose Pty Limited entered into a joint operation, BP.Perfume, at the beginning of the financial year to produce and sell fragrances. The joint operation agreement indicates the... During the current year, the Town of Mashpee had a number of transactions that affected net position of its town golf course, which is operated as an enterprise fund. You are provided with the... In 2002, H made a gift to his child, C, in the amount of $2,222,000. Hs wife, W, consented to split-gift treatment of the gift, and H paid all the taxes payable resulting from the gift. What would be... Mesmerizing Marketers (MM) is a marketing company that offers a variety of marketing offerings to its customers, including TV commercial production, app construction, and Facebook page creation. MM... You and Terry are unit managers in the shipping division of a pharmaceutical manufacturer. For the past year you have had serious arguments over the use of certain shrink-wrap, pre-packaging... Please explain the following: 1. In Scene 2 of Dutchman, Clay embarks on a rage-filled monologue against Lula and the idea that she understands anything about African American experience. What are... Keisha Sanders, a divorced single taxpayer, and practicing attorney, lives at 9551 Oak Lane in Menifee, CA 92584. Her social security number is 412-34-5670 (date of birth 2/27/1974). Keisha had...
Showing 4100 - 4200 of 4912