The accounting profession, as well as the entire educational community has dramatically changed over the past decade. No longer do university students take home text books to read and pour endless hours of continuous studying. Now all secondary and post-secondary education are on-line based with virtual text books. While printing out your reading materials is admirable, it’s not inexpensive when... read more
Many students are intimidated from using Excel to enhance their accounting homework. The everyday stress of student life & juggling the limited free time available sometimes leaves less than adequate time to learn the basics of your laptop, recall your passwords, memorize the campus layout, restore laptop connectivity, and yes: become even remotely familiar with Excel software! Frankly,... read more
Sandhill’s Agency sells an insurance policy offered by Capital Insurance Company for a commission of $92 on January 2, 2017. In addition, Sandhill will receive an additional commission of $10 each...
Diego Company manufactures one product that is sold for $77 per unit in two geographic regions—the East and West regions. The following information pertains to the company’s first year of operations...
Need a journal entry for this question. I hope someone can answer my question. Thank you in advance.
Rocket Singh Software Ltd. and Aerodynamics Software Ltd. are two leading software companies based in Hyderabad. Rohit a fundamental analyst working with Ace Financials wants to choose one company...
amanufacturer is developing a new type of vacuum cleaner that will have a target price of $450.
for the following independent transactions, what would be the transaction effect in the worksheet: 1) In October, Paid $1,200 yearly subscription to trade magazines. As at June 30, 3 months...
you usually do not use your car in this job, but today your employer asks you to drive 160.934 km (round trip) to deliver some important documents. your employer offers to "reimburse you for...
Consultation is an important part of developing or maintaining an operational plan. Consider the following areas and comment in 30- 50 words for each, on why you think consultation with these areas...
Lopez Co. reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 405 units—135 from each of the last three...
On January 1, Bestway, Inc. signed a $175,000, 8%, 30-year mortgage that requires semiannual payments of $7,735 on June 30 and December 31 of each year. The journal entry for the first semiannual...
Briggs Corp. will remove two small buildings from a newly-purchased piece of land. The expense required to do this is part of the A. land improvements total. B. capitalized asset. C...
The maturity value equals A. the interest due minus interest paid. B. the principal plus interest paid. C. the principal plus all interest...
On December 1, Marketing Companyreceived $5,700 from a customer for a marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned fees. The adjusting...
Blossom Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price $41...
What is the annual breakeven point in units? In sales dollars? (Use your answer of breakeven units to calculate the breakeven point in dollars. Round answers to 0 decimal places, e.g. 5,275.) The...
He provides the following information: March 1 no opening inventory 6 60 units were purchased at $120 per unit 17 100 units...
Andrew owes Nicola $500 in 3 months and $200 in 6 months both due with interest at 6%. Nicola accepts $300 now, how much will Andrew be required to pay at the end of 1 year, provided they agree to...
What's the average number of cost centers in the Philippines? A cost center is a business unit that is only responsible for the costs that it incurs. The manager of a cost center is not...
