578 Answered Questions for the topic accounting

Accounting

10/02/17

Write off negative Payable account to Shareholder
Hi, I have a negative balance in the account payable to Shareholder, that means business have paid too much.. now, as the shareholder will not reimburse the amount to the business, i would need to... more
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08/20/17

just a simple clarifying question! Urgent!
If a trial balance on 30 April 2017 shows:                                  Debit ($) MAINTENANCE            2800     With the additional info that: The company is billed for maintenance... more
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07/26/17

Need help with an accounting homework question, explain how you get to the answer
Carmen Flores' weekly gross earnings for the week ending Jul. 7 were $2,800, and her federal income tax withholding was $336. Prior to this week Flores had earned $78,400 for the year. Assuming the... more
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Accounting

07/25/17

Ytd profit is 14426100. Margin is 31.5. If we sell 500,000 at a 5% margin, how will this affect the margin.
Ytd profit is 14426100. Margin is 31.5. If we sell 500,000 at a 5% margin, how will this affect the margin for the year so far. 
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Accounting

07/08/17

1. The Management Antifraud Programs and Controls were released in 2002 as an exhibit to SAS 99. Identify the applicable heading/subheadings from this exhibit.
1.The Management Antifraud Programs and Controls were released in 2002 as an exhibit to SAS 99. Identify the applicable heading/subheadings from this exhibit.A. Evaluating antifraud processes and... more
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05/20/17

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  Repaid $1000 principal and $150... more
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05/19/17

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     
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Accounting

04/16/17

What is a debit and credit accounts ( accounting)
What elements are in a debit account and what elements are in credit accounts definition.
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Accounting

04/11/17

The journal entry to record taking a discount when paying for goods previously purchased on account:
journal entry 
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03/29/17

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 adjustment for... more
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03/19/17

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 ExpensesMonth 1 $9,000 $18,000Month 2 $12,000 $18,000Month... more
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Accounting

02/03/17

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,... more
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Accounting

01/31/17

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... more
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Accounting Math Finance Excel

01/28/17

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 to 2.5% when it equals... more
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Accounting

12/26/16

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 to set up the problem.
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12/16/16

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 at maturity.   more
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Accounting

12/15/16

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?
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12/11/16

Selling cell phones
Suppose you are selling phones and want the price of each phone to be $159.00 including asales tax of 6%.   (a) Write an equation representing the statement above.  (b) How much should your... more
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Accounting

12/03/16

which concept implies the income measured by the difference between cash received and disbursement?
it is a question from fundamentals of accounting...please help me,
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12/03/16

accounting homework
Many types of transactions may affect stockholders' equity.Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent.a. A 10% stock... more
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Accounting

11/16/16

Journalize the transaction: sold merchandise on account, 72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500
Journalize the transaction: sold merchandise on accoun, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500
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10/18/16

Accounting- Inventory Cost using the Periodic Inventory System
The units of an item available for sale during the year were as follows:Jan. 1     Inventory 200 units at $60Feb. 17   Purchase 275 units at $64July 21   Purchase 300 units at $68Nov. 23  Purchase... more
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Accounting

10/10/16

can anyone help???
required: Prepare the journal entries for each transaction. Post to the ledger and prepare a trial balance. Ashly Distributors completed the following merchandising transactions for the month of... more
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Accounting

10/04/16

accounting
Draxon Company borrowed $30,000 from the bank signing a 6%, 3-month note on September 1. Principal and interest are payable to the bank on December 1. If the company prepares monthly financial... more
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Accounting

10/02/16

If a company's monthly sales volume required to break even is $180,000 and its monthly fixed costs are $54,000, the contribution margin ratio is:
If a company's monthly sales volume required to break even is $180,000 and its monthly fixed costs are $54,000, the contribution margin ratio is:
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