Accounting question

I have a accounting exercise I have been.struggling with

Calculate the residual and operating income

Columbia Corp's required ROI is 10%. The west division has revenue of $6,000,000, aset turnover of 1, and ROI of 10%.     this is a masters accounting course and I need to understand...

ABC company bought a machine for 1000 on jan 1st 2013 with a useful life of 5 years, paid cash. what are the accounting entries?

ABC COMPANY BOUGHT A MACHINE FOR 100 ON 1.1.13 WITH A USEFUL LIFE OF 5 YEARS, PAID CASH.    ON 1.7.13 THE COMPANY EXCHANGED THE MACHINE AND PAID 500 FOR A CAR WITH A MARKET VALUE...

Open a T accounts for business B to record the ablove balance.

2016 May 8   Purchased a computer costing $5000 for business use, paying a deposit of $2000. The balance is to paid to Digital Ltd in 60 days.           May 24...

Open T accounts for this to record the above balance.

2016 May 8   Purchased a computer costing $5000 for business use, paying a depoisit of $2000. The balance is to paid to Digital Ltd in 60 days     

Four friends are talking about opening a Travel Agency together called Gurlivers Travels?

Four friends are talking about opening a Travel Agency together called Gurlivers Travels. Tami had the idea for it and has a background in general marketing and promotion. Carol has business experience...

What is a debit and credit accounts ( accounting)

What elements are in a debit account and what elements are in credit accounts definition.

The journal entry to record taking a discount when paying for goods previously purchased on account:

journal enrty

The journal entry to record taking a discount when paying for goods previously purchased on account:

journal entry 

On November 1, Bahama Cruise Lines borrows $3.9 million (((financial Accounting )jounal entry... record the insurance of the note and adjust entry

On November 1, Bahama Cruise Lines borrows $3.9 million and issues a six-month, 9% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate...

What effects does a partnership agreement have on the financial statements of the business?

Explain the effect the conents will have on the financial statements of the business.

Need help w/ equation

Hi, I have the following homework problem: "Here are a new company’s Revenues and Expenses for its first six months of operations Revenues Expenses Month 1 $9,000 $18,000 Month...

ACCOUNTING

Audio sells headphones and would like to earn after tax profit of $400 every week. Each set of headphones costs $5 and is sold for $10. They also incur costs of $200 for rent and other fixed costs,...

If 12500 units are sold what is the total amount of variable costs related to the units sold

Direct materials= $6 Direct labor= $3.50 Variable manufacturing overhead= $1.50 Fixed manufacturing overhead= $4.00 Fixed selling expense= $3.00 Fixed administrative expense =$2 Sales...

I need to create a furmela for a business commission

 Dear heros,   i would like to create a exel formula for commercial commissions which will start from 5% if the deal is =<500,000  then it would be decreased till reach...

Jan 28 | Mohammed from Brook Park, OH | 1 Answer | 0 Votes

example of formula for calculating project unit varialbe cost for 1 month,

rent 900, MOH variable 200, MOH fixed 200, direct materials 1600, labor 160, units produced 100 in the relevant range       I really need to know the formula and how...

Journalize these two transactions:

Sep. 15 Purchased land by issuing a $670,000, 90-day note to Zahorik Co., which discounted it at 9%. Assume a 360-day year.   Dec. 14 Journalized the payment of the September 15 note...

The Price/Earnings ratio (P/E) and Price/Tangible Book Value (P/B) are examples of equity multiples under the Market Approach, is this true or false?

is this true or false?

Selling cell phones

Suppose you are selling phones and want the price of each phone to be $159.00 including a sales tax of 6%.   (a) Write an equation representing the statement above.  (b)...

accounting question

In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $1,000 of materials costs and $900 of conversion costs. Materials...