Newest Managerial Accounting Questions

12/24/19

Identify variables ,fixed and simi variables

RevenueFood and beverageCateringConcessionsRoom rental & feesOtherTotal revenueCost of goods soldGross profitOperating exp. :Salaries and wagesFull time salaries (fixed)Part time wages... more

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Managerial 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

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Managerial Accounting

11/02/19

The total cash collection budget for January

The LaPann Company has obtained the following sales forecast data:July August September OctoberCash sales $80,000 $ 70,000 $ 50,000 $ 60,000Credit sales $240,000 $220,000 $180,000 $200,000The... more

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Managerial Accounting

10/26/19

accounting question

On January 1st, 2018, Dr. Marcie Cousins established Health-Wise Medical, a medical practice organized as a proprietorship. The following conversation occurred the following August between Dr.... more

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Managerial Accounting

10/21/19

Could you tell me which ones are revenues and which ones is expenses?

Accounts payable $1,200 Miscellaneous expense $490 Accounts receivable 10,340 Office expense 380 Cash 32,320 Supplies 1,670 Fees earned 75,630 Wages... more

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Managerial Accounting

10/14/19

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five times antonios age plus 3 times kims age equals 56. kims age is also 3 times antonios age. how old is kim ?

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Managerial Accounting

07/20/19

RyRy, Inc. manufactures dance apparel. Unit sales projections for the first five months of the upcoming year are as follows:

Month Unit Sales January 3,500 February 3,800 March 3,300 April 5,000 May 5,000 Beginning finished goods inventory consisted of 850 units. The desired... more

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Managerial Accounting

07/20/19

RyRy, Inc. manufactures dance apparel. Unit sales projections for the first five months of the upcoming year are as follows:

Month Unit Sales January 3,500 February 3,800 March 3,300 April 5,000 May 5,000 Beginning finished goods inventory consisted of 850 units. The desired... more

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Managerial Accounting

06/21/19

Why isn't the retained earnings of a public company always distributed back to the shareholders?

Shareholders own a public company, so why shouldn't all of a company's income be distributed back to them? Why are dividends (if any) just a small fraction of a company's retained earnings?

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Managerial Accounting

06/21/19

When starting a small business, how does one properly record "seed inventory"?

Let's assume someone wanted to start a small, simple business. They go through all of the paperwork to get an LLC, they set up a business checking account and they are ready to go. Such an... more

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Managerial Accounting

06/15/19

What is the meaning of realization in finance?

The definition of "realization" is well defined by multiple sources in accounting terms while we google it. But, can someone explain in terms of real life example that suits the meaning of... more

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Managerial Accounting

06/14/19

When does a public company report a balance sheet?

As 31st March is the last day of the financial year in India. I was browsing some data and found that there are many companies that have not reported their balance sheets for 2013-2014. Is there a... more

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Managerial Accounting

06/08/19

Generally Accepted Accounting Principles question?

In _QuickBooks 2011 for Dummies_, pg. 24, there are listed several generally accepted accounting principles. I see that **Expense Principle** The *expense principle* states that an expense occurs... more

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Managerial Accounting

06/08/19

What can a CPA do that an EA cannot, and vice versa?

A lot of the responsibilities of CPAs and Enrolled Agents appear to overlap, but could someone outline the key differences? When would I choose to hire one versus the other?

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Managerial Accounting

06/07/19

Why Present Value and not Future Value?

This is a question in an online finance lesson, and I know what they want for the answer. But I'm not at all a novice at financial matters, so in my mind, I would do this differently. The question... more

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Managerial Accounting

06/06/19

Why some companies are reporting loss due to the new US tax law?

From http://uk.businessinsider.com/bank-of-america-fourth-quarter-earnings-q4-2018-1?r=US&IR=T: > Like the other big banks, Bank of America took a hit from the recently > enacted tax... more

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Managerial Accounting

06/06/19

Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200?

I am confused about calculating Massachusetts Sales Tax (6.25%). Is there such an amount, that when added to its sales tax, equals $200? The reason I ask is because my business has been charging... more

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Managerial Accounting

06/06/19

Should a strategy backtested against three years of tick data continue to produce positive results?

Let's say we have a Binary Options 5-minute trading strategy that relies on multiple indicators and exploits price reversals in currency pairs. Now let's say there is a combination of inputs for... more

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Managerial Accounting

06/06/19

What does "write-off" mean?

I've heard this term throughout my life but I've never been entirely sure exactly what it means or why you would want to write something off.

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Managerial Accounting

05/29/19

Accounting equation: does income really decrease equity?

I am new to using [double-entry bookkeeping](https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system) for personal finances. [GnuCash](https://en.wikipedia.org/wiki/GnuCash) uses a variant... more

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Managerial Accounting

05/29/19

Confusion about Balance sheet equation and sum of the cashflows?

I was solving a business case I had at school where i just needed to compute the cashflows (CF). Once I have done so I wanted to check that my calculations are all good by verifying that the... more

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Managerial Accounting

05/15/19

What is the difference between equity and assets?

I am (going to be) using GNU Cash, which uses the double-entry method; I use it for personal finance. Reading various tutorials for GNU cash, it lists 5 types of accounts: income, expense, assets,... more

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Managerial Accounting

05/14/19

How to teach personal accounting to an 8-year-old?

I try to teach my 8 year old daughter the basics of finance. She has some her own money (partly in a wallet, partly in a piggy-bank). Some time ago, she threw a short tantrum about "someone... more

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Managerial Accounting

05/13/19

Comprehensive tutorial on double-entry personal finance?

Can anyone recommend a comprehensive tutorial on using double-entry accounting to manage personal finances? I've read a few articles that make double-entry seem worth learning, but I'm struggling... more

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Managerial Accounting

05/13/19

Assets, Liabilities, Equity?

I am writing a business plan based on some old notes from a master in economics. However I am I bit confused. Can you please confirm the following is right? (above all what's **marked in... more

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