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249 Answered Questions for the topic Financial Accounting

Financial Accounting Math Business

05/11/20

Payroll register

The payroll register for Heilman Mfg. for the week of August 20th indicates the following Salaries $1,500,00Social Security Tax Withheld $90,000Medicare Tax Withheld $22,500Federal Income Taxes... more
Financial Accounting Accounting

05/07/20

The credit portion of an adjusting entry to enter the estimate for uncollectible accounts can be made directly to a specific receivable account

The credit portion of an adjusting entry to enter the estimate for uncollectible accounts can be made directly to a specific receivable account. True or false
Financial Accounting

04/16/20

Financial accounting

If you were a shareholder in Fibertech sitting in the Board of Directors, based on the information you read in the financial statements, what further relevant questions would you ask to get a more... more
Financial Accounting Finance

04/13/20

Yesterday the Rockville corporation instituted a 2-for-1 split. Before the split, the market share price was $63.44 per share and the corporation had 2.3 billion shares outstanding. ?

What was the pre-split market cap for Rockville?what was the post-split number of shares outstanding for Rockville? What was the post-split market price per share for rockville?
Financial Accounting Finance

04/06/20

amount of selling half shares

if you just state that what is first step, will be good too :) On November 1, 2019, Mike opened an account and deposited $20,000. He invested this money in 1,000 shares in Crazy Growth mutual fund... more
Financial Accounting

03/28/20

I'm confused on

Financial Accounting Accounting Tax Accounting

03/18/20

PREPARE A PROPERLY CLASSIFIED BALANCE SHEET AD MULTIPLE STEP INCOME STATEMENT

Restaurant revenue- Credit 1,000Cost of restaurant revenue- Debit 200Telephone expenses- Debit 100Cash- Debit 500Accounts Receiveable- Debit150Supplies Inventory-Debit 20LAnd- Debit 200Building,... more
Financial Accounting Accounting Tax Accounting

03/18/20

Hi! Please help me define some accounting terms

a more descriptive title for the balance sheet another name for income statement 2 synonyms for the owner's equity What is the function of an income statement What is the function of a balance... more
Financial Accounting Finance

02/17/20

Future value in 30 years

Anna has just become eligible to participate in her company’s retirement plan; she is excited as her company matches her contributions dollar for dollar in this plan. The plan averages an annual... more
Financial Accounting Finance Tax Accounting

02/17/20

2019 tax payable

Max finished his PhD and graduated from university in December 2018. He entered the workforce on January 1, 2019 with a gross salary of $85,000 plus an immediate $5,000 signing bonus when he... more
Financial Accounting Finance

02/14/20

equivalent of $15000 in 5 years based on inflation forecast

Inflation is forecast at 2% for the next 2 years and 3% thereafter. If you expect to receive $15,000 in 5 years' time, what is its equivalent in todays dollars?
Financial Accounting Finance

02/11/20

What is the effective interest rate for a credit card advertised at 28% interest compounded daily?

What is the effective interest rate for a credit card advertised at 28% interest compounded daily?by which formula?
Financial Accounting Finance

02/11/20

Paying of loan in 9 months

How much interest will someone pay on a loan of 10 000$ if this person paying the loan of in 9 months and the loan rate is 4%?Which formula is suitable for this? Is 10 000$ PMT?
Financial Accounting Finance

02/06/20

Determine the Present Value of an Annuity

Dave, a recent retiree, receives his $600 pension at the END of each month. He will receive thispension for 20 years. If Dave can invest his funds at an interest rate of 10 percent... more
Financial Accounting Finance

02/06/20

Determine the Future Value of an Annuity

You have instructed your employer to deduct $100 from your paycheque at the End of everymonth and automatically invest the money at an annual interest rate of 5 percent compoundedannually. You... more
Financial Accounting Finance

02/06/20

Determine the Future Value of an Annuity

You have instructed your employer to deduct $100 from your paycheque at the end of everymonth and automatically invest the money at an annual interest rate of 5 percent compoundedannually. You... more
Financial Accounting Accounting Finance

01/18/20

accounting question

indicate whether each of the following accounts represents an asset, liability, or owner's equity: a.   Accounts payable   b.   Wages expense   c.   Capital   d.   Accounts... more
Financial Accounting Accounting Finance

01/18/20

accounting true or false questions

Depreciation Expense can be used in preparing adjusting entries  True  False Wages Payable can be used in preparing adjusting entries.  True  False Accumulated Depreciation can be use din... more
Financial Accounting Accounting Finance

01/18/20

accounting question

Short-term liabilities are those liabilities that a. will be paid in less than one year b. are due to be paid in 5 to 10 years c. are due to be paid in more than one year d. are... more
Financial Accounting Accounting Finance

01/17/20

accounting question

Which of the following pairs of accounts could not appear in the same adjusting entry? a. Service Revenue and Unearned Revenue b. Interest Income and Interest Expense c. Rent Expense and... more
Financial Accounting Accounting Finance

01/09/20

Rank in order (Highest to Lowest) change in operating expenses from year 1 to year 2

Question: Rank in order from highest (1) to lowest (5) in terms of the change in operating expensesKey: m = millionoperating expenses:A - year1=12.8m & year2=9.9mB - year1=25.1m &... more
Financial Accounting Math Accounting

01/09/20

Rank in order (Highest to Lowest) change in operating expenses from year 1 to year 2

Question: Rank in order from highest (1) to lowest (5) in terms of the change in operating expensesKey: m = millionoperating expenses:A - year1=12.8m & year2=9.9mB - year1=25.1m &... more
Financial Accounting Accounting Problem Solving

01/09/20

Change in operating expenses from year 1 to year 2

Question: Rank in order from highest (1) to lowest (5) in terms of the change in operating expensesKey: m = millionoperating expenses:A - year1=12.8m & year2=9.9mB - year1=25.1m &... more
Financial Accounting Accounting Tax Accounting

12/16/19

A fixed asset with a cost of $30,000 and accumulated depreciation of $27,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?

 A. $3,500 gain B. $1,000 gain C. $1,000 loss D. $2,500 loss C. $3,500 loss D. $2,500 gain
2 4 5 6 7 10

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