475 Answered Questions for the topic Financial Accounting

Financial Accounting

08/20/19

Discuss whether the doubtful debt allowance in the books of Lux Ltd, relating toSilver Ltd is appropriate at 31 December 2017. Ignore deffered tax. please help i dont understand
At 31 December 2017 a debtor, Silver Ltd, owing R 1 000 000 at that date, indicated that it would not be able to meet its full obligation and as a result, Lux Ltd recognized a doubtful debt... more
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Financial Accounting Journal Entries.

08/20/19

Cost of machine is R4000000. useful life of 8 years and residual value of R500 000. overhaul every 4 years at R500 000 during january 2018

 lux ltd purchased a machine on 1 january 2014 at cost of R4000000. the machine has an expected economic useful life of 8 years with a residual value of R500 000. in terms of its operating... more
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Financial Accounting Math Algebra 1 Differential Equations

08/15/19

please help me with this problem. i am having so much trouble
An acquaintance of one of the authors was about to take his startup internet company public. He owned 5% of the 900,000 shares of stock that were issued when the company was first formed.The board... more
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Financial Accounting

08/12/19

Accounting /Math
Apple co bought a car with an estimated life of 5 years for $!2,000. The residual value of the car is $ 2.000. What will be the amount of depreciation expense each year using the straight line... more
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Financial Accounting

08/12/19

Accounting/math
Eugene signed a 10,000 note at Castle Bank. he bank charges a 7% discount rate. Suppose the loan is for 150 days . Use ordinary interest to find, The proceeds, The effective rate charged by the... more
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Financial Accounting

08/11/19

Accounting/ math
The local smoothie stand a survey showed that 2/3 of all people preferred strawberry smoothies over mango . If 2,400 people responded to the survey, how many people preferred mango smoothies
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Financial Accounting

08/11/19

Accounting/ Math
At the local smoothie stand, a survey showed that 2/3 of all people preferred strawberry smoothies over mango smoothies. If 2,400 people responded to the survey, how many preferred mango smoothies?
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Financial Accounting

08/11/19

Accounting/ Math
On December 31, the checkbook balance of Asteroid and co. was $ 1,241.05. The bank statement balance was $ 1,510.00. Checks outstanding were $ 3,052.03. The statement revealed a deposit in transit... more
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Financial Accounting

08/11/19

Accounting /Business math
One day the Northwest Woodworkers Studio produced six times as many bookshelves as the Southeast Woodworking Guild. If the difference in their production is 15%, how may bookshelves did the... more
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Financial Accounting Math Precalculus Finance

08/03/19

I NEED HELP ASAP NEED TO HAND IN!
1.Heather makes regular contributions to her Registered Retirement Savings Plan (RRSP). Which investment schedule would provide for the greatest accumulated amount after one year?A) $1200 invested... more
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Financial Accounting Finance Wip Inventory

07/31/19

Monthly WIP Inventory
If your work in process inventory increases in a month what account would you credit?
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Financial Accounting

07/29/19

Issued an invoice

My manager earlier had collaborated under another company, so basically the company that my manager collaborated will receive the payment and later will transfer the payment to my manager's... more
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07/28/19

journal entries need help
Werman Peralta, Attorney at Law, opened his office on Sept. 1, 2018. the following transactions were completed during the month.a. Deposited 210,000 in the bank in the name of business.b. Bought... more
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Financial Accounting Finance

07/27/19

Nonannual compounding:

A) You plan to make five deposits of $1000 each, one every six months , with the first payment being made In 6 months. You will then make no more deposits. If the bank pays 4% nominal interest,... more
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Financial Accounting

07/23/19

Taxes and interest on lottery winnings

$100,000 a year for the next 10years 10 year interest rate are 5% with a current tax on lottery winnings of 40%? What is the amount you will receive today with lump sum option?
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Financial Accounting Accounting

07/21/19

compute total /annual returns on the following investment. 5 years after purchasing shares in mutual fund for $7200, shares sold for $11,500. the total return ______% the annual return is _____%
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Financial Accounting

06/30/19

A college freshman takes out an unsubsidized loan for $10,000. Assuming he makes no payments, with capitalized interest, what might the balance be when he graduates four years later?
need a better understanding?
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Financial Accounting Accounting

06/27/19

Need help with this not really understaning it
In 2021, Hope Company incurred sales on account of $184,000. The company also has the following information:    December 31, 2021   December 31, 2020 Accounts... more
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Financial Accounting Finance Tax Accounting

06/24/19

I need some help figuring this out...
Troy Acheman is a sports caster for Everyone’s Sports Presentations Nightly. While Troy was covering a professional football game from the sideline, the Birds famous wide receiver, Harry Race, ran... more
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Financial Accounting

06/03/19

How many years will it take for $15,000 to grow into $200,000 assuming an annual return of 8.5%?
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Financial Accounting Finance

05/31/19

Finance: Capital Budgets
An entrepreneur invests in his dream business of selling golf-carts. The initial investment is $275,199.00. The entrepreneur expects to generate an annual after-tax cash flow of $57,342.00 in... more
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Financial Accounting Accounting

05/28/19

What is Tally? And it's features?
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Financial Accounting Accounting

05/23/19

Need help finding Value of Net Assets
Operation profit - 150minterest expenses - 15mprofit before tax - 110mtax- 11mprofit after tax - 99mnon current liabilities- 170m£0.50 ordinary shares - 100mtotal equity - 1.25bil(share price= £10)
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Financial Accounting

05/14/19

If you deposit $17,000 today in an account earning an annual rate of return of 10%, how much interest would be earned in the third year? How much would this amount differ from simple interest?
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Financial Accounting Accounting

05/09/19

impact of accounting education towards business sustainability
I want to know what are the impact
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