500 Answered Questions for the topic Financial Accounting

Financial Accounting Finance

12/13/20

Financial management
Susanna wants to purchase a house costing $203,346. She plans to put $49,498 toward a down payment and finance the rest at 3.2% payable monthly for 30 years. If she stays with this payment schedule... more
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Financial Accounting Accounting Economics Finance

12/13/20

What is the present worth of the depreciation tax held?
Company A purchases $200,000 of equipment in year zero. It decides to use straight-line depreciation over the expected 20 years life of the equipment. The interest rate is 14%. If its average tax... more
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Financial Accounting Accounting

12/10/20

Journal Entry, Trial balance, adjusting entries and Preparing worksheets.
JUNE 2017June 8: Logan invested 500,000 to start his business, name as Lee HotelJune 9: Bought 800,000 worth Kitchen Equipment from KIT Supply. Terms 20% down payment and the remaining balance on... more
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Financial Accounting Accounting Tax Accounting

11/27/20

Accounting question
MR. ABC acquired his business for P3 million. The Fair Market value of the business is P5 million. Will it be more useful if accounting records were adjusted corresponding to the fair market value... more
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Financial Accounting Math Finite Math Business finance

11/19/20

Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of r%/year compounded
Find the periodic payment R required to accumulate a sum of  S dollars over tyears with interest earned at the rate of r%/year compounded m times a year. (Round your answer to the nearest... more
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Financial Accounting

11/16/20

Bank Reconciliation Problem
The treasurer of a company was preparing a bank reconciliation as of March 31. The following items were identified: The balance per books was $9,600 Interest earned on the checking account during... more
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Financial Accounting Math Accounting

11/08/20

How much will the insurer pay out? Round off the amount.
Salt & Pepper Inc. (the firm) is a law firm in Rosebank, Johannesburg. Jane and John Doe are bothadmitted attorneys and the owners of the firm.Michelle was involved in a serious motor vehicle... more
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10/30/20

Why is my Wyzant professor not able to bill my school?
My name is Brandon Johnson and I am a full-time MBA student at Rice University. I was told by my program that they are paying for 25 hours of tutoring hours this semester. I signed up with a Rice... more
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Financial Accounting

10/29/20

3. Forecast the changes in the financial strength that might take place if the following changes takes place in the macroeconomic fundamentals.
·      Interest rate 4%·      Exchange rate has depreciated 5%·      Government is giving out subsidy and also increasing tax rates to finance its expenditure.
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Financial Accounting Accounting Tax Accounting

10/27/20

Your company is hiring a new CIO, Anita Mack, effective January 1, 2020 and you have been asked to come up with some information related to this hire.
Assignment 6 – Chapter 10Your company is hiring a new CIO, Anita Mack, effective January 1, 2020 and you have beenasked to come up with some information related to this hire. The annual salary for... more
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Financial Accounting

10/22/20

Questions listed below
The relationship between a bond's price and the yield to maturity is an inverse relationship. Please explain, but make sure you don't simply restate the inverse relationship, but explain the... more
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Financial Accounting

10/17/20

How Would I Journalize This Transaction: Dec 8 Received $22,400 On Account From Warthog Company, No Discount. This Sale Was Made In November
I was thinking:Accounts Receivable 22,400 Sales 22,400I'm not sure if this is correct?
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Financial Accounting Math Finance Business finance

10/16/20

Breakeven Question
Sally’s Skate Company offers roller skating lessons. Her facility is her only fixed cost, at $800/month. Her instructor rate (a variable cost) is $60 per hour. She has no other costs. If each... more
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Financial Accounting

10/12/20

Accounting Tax Expense Question
Prepare the Journal Entry that would have been processed by Shell Ltd to recognize the tax expense for the year ended 31 September 2019.
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Financial Accounting

10/12/20

Financial Accounting
What is the journal entries for the following:On 31 August 2019 Sunshine shop identified that inventory costing 43 500 had been damaged. This inventory could be sold for 46000 if 5 000 was spent... more
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Financial Accounting Accounting Economics Finance

10/10/20

Ordinary Annuity
A man bought a car in installment basis. If he pays P10,000 per month at a rate of 15% compounded monthly for 3 years, find the cash price and the accumulated amount of money for the car.
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Financial Accounting

10/04/20

Accounting Managerial Zero Bono
For a zero-coupon bond: A. The coupon rate is lower than the market rate B. The cash received from investors is less than the bond's face value C. Amortization of bond discount equals to... more
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Financial Accounting

10/02/20

Miquel pays $55 semimonthly for health insurance which is 16% of the total cost. His employer pays the rest. What is the total yearly cost to the nearest dollar of Miquel’s health insurance?

Miquel pays $55 semimonthly for health insurance which is 16% of the total cost. His employer pays the rest. What is the total yearly cost to the nearest dollar of Miquel’s health insurance? 
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Financial Accounting

10/02/20

Maria has a job selling shoes and works only on commission. She makes 10% on each pair of shoes she sells. How much in commissions will she make if she sells $1100.00 worth of shoes
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Financial Accounting Finance

08/31/20

Forecast vs prior yr

What is the purpose of looking at forecast vs prior yr?
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Financial Accounting Accounting Managerial Accounting

08/28/20

Accounting Equation

Accounting Equation Shannon Cook is the stockholder and operator of You're A Star LLC , a motivational consulting business. At the end of its accounting period, December 31, 20Y2, You're A Star has... more
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Financial Accounting Accounting Managerial Accounting

08/28/20

Cost Principles
On June 25, Repair Service extended an offer of $141,000 for land that had been priced for sale at $161,000, On July 9, AAA Repair Service accepted the seller's counteroffes of $153,900. On October... more
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Financial Accounting

08/27/20

How do I Screen share?
Hello! I'm having some issues with screen sharing, if someone could please help me I would greatly appreciate it.
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08/24/20

ANSWER THE FOLLOWING MANAGEMENT ACCOUNTING QUESTION.
SK Corporation has provided the following miscellaneous information regarding the operations of financial year 2020; shSales... more
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08/24/20

PLEASE HELP!..! '_'
SK Corporation has provided the following miscellaneous information regarding the operations of financial year 2020; shSales... more
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