585 Answered Questions for the topic accounting

01/02/15

Ending Inventory Question Managerial Accounting
The data below regards The Bag House, a store that sells bags. Budgeted Sales (credit) : For January, February, and March, are $420,000, $310,000, and $280,000.  Budgeted Collections : 60% in... more
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12/30/14

Cash Borrowing Question Accounting
Foster Inc is wondering if their cash balance might be below their minimum desired balance of $50,000 on May 1. In that case, the company will borrow cash from a bank on the first day of May.... more
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12/30/14

Traditional Costing vs. ABC system Managerial Accounting Question
A company is considering the adoption of an ABC system because the managers suspect that their traditional costing system distorts product costs. The company produces and sells two products,... more
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12/30/14

Percentage of Completion Question Managerial Accounting Need Help
Jimmy Corporation uses the weighted average method in its process costing system. The ending work in process inventory consists of 9,500 units. The ending work in process inventory is 100% complete... more
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12/29/14

Total Costs Question Need Help
Salem Inc. produces and sells a single product. The company has provided the following information for the month of March.   Price : $40.00 Units Sold : 5,700 Variable Cost Per Unit :... more
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12/29/14

Cost Accounting Break Even Question Need Help
Trenton and Company makes a single product requiring $50 of direct materials. Manufacturing overhead is applied using a predetermined overhead of 150% of direct labor cost. One third of... more
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12/28/14

managerial accounting break-even sales revenue question need help
Lincoln Corporation produces and sells two products : Standard and Deluxe. The info on the two products sold for the last month is given below. The common fixed cost is $15,000.Standard : Sales :... more
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12/25/14

Managerial Accounting Loss Question
Trenton and Company makes a single product requiring $50 of direct materials. Manufacturing overhead is applied using a predetermined overhead of 150% of direct labor cost. One third of... more
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12/25/14

Sales Revenue Question Managerial Accounting Question
The CEO of Madison. Inc. has provided you with the following information for its operation for 2013. Dollar figures are in thousands. Sales Revenue : $200 Cost of Goods Sold : $120 Total... more
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12/25/14

Managerial Accounting Target Profit Question
Santa Fe Electronics sells televisions. The average selling price of a TV is $970. The TV's are purchased from manufacturers at an average cost of $680 per unit, which includes shipping. Since... more
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12/16/14

Prepare all journal entries needed on 9/30/2014 to record the disposal; Show your computations
Parker Industries has a fiscal year end of 12/31 and uses the straight-line method of depreciation. On Sept 30, 2014, the company sold old delivery equipment for $17,000. The delivery equipment was... more
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Accounting

12/09/14

LIFO question, explain the solution, urgent,,,thanks
A record of transactions for the month of May was as follows: Purchases may1,(balance) [email protected] may4,[email protected] may8,[email protected] may 14, [email protected],may22, [email protected] may 29, [email protected]   sale may3... more
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Accounting

11/30/14

Accounting help please ?
calculate quick ratio and current ratio? following are accounts: cash and cash equivalent - 350 trade recivables - 20 inventories - 20 prepaid expenses and other - 10 income tax recivable -... more
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Accounting

11/28/14

PPE & Depreciation question
Parker Industries purchased a new super-computer on Jan 1, 2012 for $400,000. The company estimated that the machine will have a $50,000 salvage value at the end of its 10-year useful service life.... more
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Accounting

11/13/14

accounting questions,,thanks
Bell Company constructs office buildings. Because they can reasonably estimate the costs to completion, they use the percentage of completion method to record revenue. At the beginning of 2010,... more
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Accounting

10/24/14

accounting problem:
accounting problems: 1. On Jan. 1, 2014, HBC signed an agreement to operate as a franchise of ABS Co. for an initial franchise fee of 12,000,000. The same date HBS paid 4,000,000 and agreed to pay... more
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Accounting

10/13/14

Cost Accounting Difficult Question
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations:a. The budgeted selling price per unit is... more
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Accounting Finance Ebitda

10/09/14

Revenue of $1000, Depreciation and Amortization Expense of $100, Interest Expense of $100, and Tax Expense of $50. All other Expenses were $400. What was EBITD
 Revenue of $1000, Depreciation and Amortization Expense of $100, Interest Expense of $100, and Tax Expense of $50. All other Expenses were $400. What was EBITDA?
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Accounting

09/27/14

WILLIAMS COMPANY Departmental Income Statements For Year Ended December 31, 2013
Williams Company began operations in January 2013 with two operating (selling) departments and one service (office) department. Its departmental income statements follow. WILLIAMS COMPANY... more
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Accounting

08/16/14

Explain the difference between Charity Care and Bad Debt in a healthcare environment.
What are the financial implications of gross uncollectibles on the bottom line of the healthcare institution, and explain how these are recorded on the financial statements.
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Accounting

05/20/14

accounting question
Prepare the stockholders' equity section of the balance sheet at December 31. Assume the balance in retained earnings is unchanged from November 30.                                              ... more
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05/15/14

Diagnosing Profitability: What is the debt to equity ratio?
If a firm has an ROE of 15%, a financial cost effect of 0.9, and an pre-tax ROIC of 10 percent, what is the debt-to-equity ratio (total deb divided by owners' equity)? Assume that the firm does not... more
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03/25/14

Managerial Accounting Homework
Liz Marett is the chief financial officer for Fulton Restaurants.  She delivered the following comments in a recent conference call with analysts that follow the company:                          ... more
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Accounting Math

02/03/14

i need help with prealgebra fourth edition
(-5)-24÷(-3)  
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Accounting

11/23/13

What factors affect our choice of method to treat overallocated or underallocated manufacturing overhead?
What factors affect our choice of method to treat overallocated or underallocated manufacturing overhead? Thanks in advance.
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