481 Answered Questions for the topic Financial Accounting

Financial Accounting

09/27/22

Answer the question🙏

What is the importance of understanding the preparation of the Cash flow Statement?
Financial Accounting

09/27/22

Answer the question🙏

Cash is the most liquid assets; explain why.
Financial Accounting

09/20/22

Chapter 12 Discussion Activity

Are You Insured? Are you covered by life insurance? If so, how much? Given what you have read, do you feel that you ate over or under insured?   Term Versus Cash Value Insurance. Why do you think... more
Financial Accounting Math Business Marketing

09/20/22

Marketing and Accounting been stuck on this question all day please help!

The Superior Jumpdrive Company sells jump drives for $10 each. Manufacturing cost is $2.60 per jump drive; marketing costs are $2.40 per jump drive; and royalty payments are 20% of the selling... more
Financial Accounting Finance Corporate Training

09/17/22

Which one of the following is an unintended result of the Sarbanes-Oxley Act?

a. More detailed and accurate financial reportingb.Increased management awareness of internal controlsc. Corporations delisting from major exchangesd. Increased responsibility for corporate... more
Financial Accounting

09/02/22

Could anyone explain this Accounting Problem?

If a company fails to make the year-end adjusting entry to record supplies expense for the year, would the net income be understated, the total assets and liabilities be overstated, or will the... more
Financial Accounting Business Managerial Accounting

08/27/22

Contribution Format Income Statement

How do I find the fixed selling and administrative expenses when filling in a contribution income statement? I know the actual selling and administrative expenses which are both $24,000.Sales:... more
Financial Accounting

07/24/22

Accounting for Partnership

I'm doing Accounting for Partnerships. I am wondering if the current account of a partner affects the net profit? If so, how does a increase or decrease in a current account affect the net profit?
Financial Accounting Business Finance Managerial Accounting

07/17/22

Find the Gain/Loss on options on expiry

On 20 June, you bought two contracts of call option for euro with a strike price of $ 14000 at a premium of $ 0.07. The spot rate was $ 14500 per euro then. The option expires in six months time in... more
Financial Accounting Business Finance Managerial Accounting

07/17/22

Cost per unit using Activity Based Costing method

BOS Ltd. manufacturers of computer games, toys and software for kids. It produces two types of toys Speed car & Double speed car. The direct material costs amounts to Rs.20 for Speed car and... more
Financial Accounting

07/02/22

Bank Reconciliation

I need help doing bank reconciliation to find variances.Thank you
Financial Accounting

06/25/22

You are to enter up the necessary accounts for the month of May 2007 from the following details, and then balance off the accounts and extract a trial balance as at 31 May 2007. 

You are to enter up the necessary accounts for the month of May 2007 from the following details, and then balance off the accounts and extract a trial balance as at 31 May 2007. 2007 May  1 Started... more
Financial Accounting

06/25/22

financial accounting

You are to enter the necessary accounts for the month of May 2007 from the following details, and then balance off the accounts and extract a trial balance as at 31 May 2007. 2007 May  1 Started... more
Financial Accounting Math Finance

06/17/22

3 colleagues went on a business trip. How to divide the expenses?

Hi,Please help me to solve this.3 colleagues went on a business tripGeorge Paid: $557+785 total $1342 for breakfast and dinner.Arthur Paid: $500 for Lunch for all three.Scott paid: $250 for High... more
Financial Accounting Math Business Finance

06/15/22

Identify any consequences (direct or indirect) to others when you make money from stocks or mutual funds?

Are there any consequences (direct or indirect) to others when you make money from stocks or mutual funds? Identify other individuals or groups that may be affecteda) from a financial standpointb)... more
Financial Accounting Math Business Finance

06/15/22

Identify any consequences (direct or indirect) to others when you use or benefit financially from owning a credit card?

Identify any consequences (direct or indirect) to others when you use or benefit financially from owning a credit card? Identify two other individuals or groups and explain how/why for each.Please... more
Financial Accounting Math Business Finance

06/15/22

Are there any consequences (direct or indirect) to others when you make money from stocks or mutual funds?

Are there any consequences (direct or indirect) to others when you make money from stocks or mutual funds? Identify other individuals or groups that may be affecteda) from a financial standpointb)... more
Financial Accounting Math Business Finance

06/15/22

Are there any consequences (direct or indirect) to others when you use or benefit financially from owning a credit card?

Are there any consequences (direct or indirect) to others when you use or benefit financially from owning a credit card? Identify two other individuals or groups and explain how/why for each.Please... more
Financial Accounting Math Tax Accounting

06/14/22

Please Help!!! I am clueless about how to work this problem out!

A certain retailer increases wholesale prices by 36%. If this retailer offers a 5% discount off the ticket price, what percent profit will the retailer realize?The realized profit is the amount of... more
Financial Accounting

06/08/22

Mar, cashier of ABC Department store

Mar, cashier of ABC Department store is given a 15% discount on a cash purchase. How much will her discount be if she buys 2 dresses at P180 each and one pair of shoes costing P650?a. P150.50 b.... more
Financial Accounting

05/28/22

Chik Chik Company showed ($________) as total credits on its trial balance.

Chik Chik Company showed the following balances at the end of its first year: Chik Chik Company AccountsItemAmount Cash $6,000 Prepaid insurance 9,400 Accounts receivable 7,000 Accounts... more
Financial Accounting

05/25/22

Prepare journal entries to record basic business transaction and determine the balances of accounts using the t-account. Determine SFP using repost form.

Evelyn Tria, Attorney-at-Law, opened her office on September 01, 2016. The following transactions were completed during the month:a. Deposited 210,000.00 in the bank in the name of the businessb.... more
Financial Accounting

05/19/22

What are the reconciling items under both of these methods?

I am working in a distributor company where they calculate closing capital by two methods. First is Total Assets- Liabilities = Closing capital. Second is opening capital+ profit/ (loss) for the... more
Financial Accounting Banking

05/19/22

how do i make 200 dollers in less than 2 days with 0 dollers

i need help, i lied to someone saying I have 200 dollars when I actually don't cause I owe them and I need to pay in less than 2 days plz help I really don't know what to do everything on youtube... more
Financial Accounting Math Finance Managerial Accounting

04/15/22

Financial, Investing, and Operating Activities

This Information will be used for all questions: Selected Balance Sheet Information   Year 2020   Year 2021 Cash            40,000  ?  Accounts... more

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.