575 Answered Questions for the topic accounting

Accounting

05/27/16

Norwood inc
Norwood, Inc. purchased a crane at a cost of $80,000. The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on... more
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Accounting

05/27/16

Bing's Export Co
Bing's Export Co.Bing's Export Co. purchased a new delivery truck at the beginning of 2015. The truck has a cost of $37,000, an estimated life of 5 years, and an estimated residual value of $7,000.... more
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Accounting

05/27/16

need help with homework
On July 20, 2015, Kelli purchases office equipment at a cost of $12,000. Kelli elects out of bonus depreciation but makes the election to expense for 2015. She is self-employed as an attorney and... more
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Accounting

05/26/16

how can i make make financial statements for this business.
The project should be submitted in the following order: Journal Entries, T-accounts, Unadjusted Trial Balance, Adjusted trial balance, Post Closing Trial balance, Multi-Step Income Statement,... more
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Accounting

05/26/16

Need help with my homework
The third year of depreciation on business furniture costing $8,000 purchased in March 2013, using the half-year convention and accelerated deprecation, but no bonus depreciation; how can I... more
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04/29/16

What is the maximum amount the dean should be willing to pay for a new copy machine if he wants to earn an 8% return at a present value of $1?
The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels... more
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04/27/16

If you were a controller for a business with 100 employees and your company manufactures plastic water bottle, would you use QuickBooks?
 Why or Why not? Site specific examples to support your answer.
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Accounting Algerbra

04/14/16

Funding Withdrawals
Find the amount necessary to fund the given withdrawals.   Quarterly withdrawals of $550 for 5 years; interest rate is 6.6% compounded quarterly.   The amount necessary to fund the given... more
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Accounting Algerbra

04/14/16

Business/ Annuities
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period.$10,000; quarterly payments for 12 years;... more
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Accounting

04/08/16

A 10% increase in production volume will result in a
A. 10% increase in the variable cost per unit B. 10% increase in total administration costs C. 10% increase in total mixed costs D. 10% increase in total variable costs
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Accounting

04/08/16

Contribution margin ratio is the ratio of contribution margin to
A. total variable costs B. costs of goods sold C. net sales revenue D. total fixed costs
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Accounting

04/07/16

Accounting help. Putting each in the appropriate journal. General Journal, Adjusting Entries, and/or Closing Entries.
May 1: Purchased merchandise on account from ACL, $12,897. Terms are n/30. May 1: Sold mercandise on account, Invoice No. 201, to Georgia Health Club for the net amount of $5,301.60. The cost of... more
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Accounting

04/06/16

A transaction to record merchandise purchased with a trade discount would include a debit to Merchandise Discount
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Accounting

04/05/16

the drawee is the
A person who writes the check b bank with which the drawer has an account c person is whom the check is payable d person who reconciles the account
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03/31/16

HELP!!!! Managerial Word Problem
Consider the following table and prepare a segmented income statement on paper. Use your income statement to answer the following questions:What is the contribution margin for Product A? What is... more
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Accounting

03/21/16

pricing policies
"Leisure Furniture Ltd produces furniture for hotels and public houses using specific designs prepared by firms of interior design consultants. Business is brisk and the market is highly... more
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Accounting

03/18/16

one MCQ relvent cost and decision making
A farmer grows potatoes for sale to wholesalers and to individual customers. The farmer currently digs up the potatoes and sells them in 20 kg sacks. He is considering a decision to make a change... more
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Accounting Business Finance

03/13/16

Journal Entries Please Help!
Angeles De Guzamn Guardians completed the following transaction During Oct 2014 Oct. 1. De Guzman transferred cash from a personal account to an account to be used for the business, $243,000. Oct.... more
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Accounting

03/10/16

How do you find life and fifo units sold from Unit quantity, Unit cost, total cost, and units sold?
How do you find the life and fifo unit sold from unit quantity, unit cost, total cost, and specific units sold?  For example: I'm given Beginning balance: 200, Unit cost: 400, Total cost: 80000,... more
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Accounting Business Maths

02/28/16

Financial maths question, with method please thanks!
which is the better result at the end of 20 years? (i) An investment of $100000 at 12% per annum compounded monthly.        OR (ii) $1000 invested monthly at 12% per annum compounded monthly.
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Accounting Business Maths

02/28/16

Financial maths question, Help!!
A bank offers you a rate of 10% on a 20-year mortgage to be paid in monthly repayments. If the most you can afford to pay in monthly repayments is $700, find the value of the biggest mortgage you... more
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Accounting Business Maths

02/28/16

Financial maths question Help!!
Assume that you are going to retire in 25 years time.You want a mortgage of $100000 now to extend and renovate your house but want to have it paid in full before you retire. The maximum repayment... more
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Accounting Business Maths

02/28/16

Financial maths question, HELP!!
An annuity involves saving $3000 per year at 7.3% per annum for 8 years.(i) Use the present value formula to calculate the single amount of money which could be invested at the same rate and for... more
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Accounting

02/25/16

accounting: recorded cash sale of $170,000 plus 5% tax. pays tas
recorded cash sale of $170,000 plus 5% tax. Sends tax to the state   journalize the transaction, ignore COGS
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Accounting

02/22/16

Calculate: Profit Margin and Gross Profit Rate
1. Durbin Corporation reported net sales of $259,800, cost of goods sold of $121,800, operating expenses of $46,950, net income of $32,140, beginning total assets of $511,400, and ending total... more
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