575 Answered Questions for the topic accounting

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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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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Accounting

09/25/16

Calculate the total gross income/revenue (not net income) that should be recorded in Year 2. Do not include the dollar sign. No spaces in your answer.
Your company's year end is December 31. At the end of Year 2, you were in the middle of a large job. The client has already paid your company $40,000 of the total $52,000 that will ultimately be... more
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Accounting

09/19/16

Sweet Catering completed the following selected transactions during May 2016:
May 1: Prepaid rent for three months, $2,400May 5: Received and paid electricity bill, $220May 9: Received cash for meals served to customers, $3,850May 14: Paid cash for kitchen equipment,... more
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