• Q : Basic type of account debited and credited....
    Accounting Basics :

    For each transaction indicate the following. (a) The basic type of account debited and credited (asset, liability, owner's equity). (b) The specific account debited and credited (cash, rent expense, s

  • Q : Deal in government accounting....
    Accounting Basics :

    Case Scenario: GASB Statement 34 is a pretty big deal in government accounting. It mandates that governments' basic financial statements include two separate but related sets of statements.

  • Q : Exclusive right to exercise a real option....
    Accounting Basics :

    How important is it that an organization have an exclusive right to exercise a real option? That is, can we really say that an option being considered has value if competitors may exercise it also?

  • Q : Deductive-inductive and pragmatic research methods....
    Accounting Basics :

    Question 1. Compare and contrast the deductive, inductive and pragmatic research methods. Question 2. Discuss human information processing research and the consequences of its findings on accounting.

  • Q : Forensic accounting and fraud examination....
    Accounting Basics :

    Case Study: And the Fraud Continues 1. Discuss the internal control weaknesses that existed at MCI that contributed to the commission of this fraud.

  • Q : Payment of principal or par value at maturity....
    Accounting Basics :

    Bond N is a zero coupon bond and makes no coupon payments over the life of the bond. The bond's only cash flow is the payment of principal or par value at maturity.

  • Q : Amount of under-over applied overhead for the year....
    Accounting Basics :

    Calculate the Actual Cost of Job 6789. Calculate the total amount of Under/Over Applied Overhead for the year.

  • Q : Accounting frauds perpetrated by health care providers....
    Accounting Basics :

    Problem 1: Identify and explain at least 3 accounting frauds that are commonly perpetrated by health care providers. Problem 2: Explain the financial and nonfinancial cost of the types of fraud that y

  • Q : Prepare a make or buy analysis....
    Accounting Basics :

    Prepare a make or buy analysis showing the annual advantage or disadvantage of accepting an outside supplier's offer.

  • Q : Olsen company-journalize asset transactions....
    Accounting Basics :

    During the year, Olsen Company traded an automobile plus $8,400 in cash to Barry Company for another automobile. The car Olsen used as a trade-in originally had cost $16,000, of which $14,500 has be

  • Q : General ledger account for prepaid advertising expense....
    Accounting Basics :

    As of December 31, International Galleries, Ltd.'s general ledger account for Prepaid Advertising Expense had a balance of $10,000. However, an analysis of the account showed that $6,000 of that amo

  • Q : In order for the company to break even....
    Accounting Basics :

    Three-fourths of the products sold are Gizmos and one-fourth are Gadgets. If total fixed costs are $50,000, how many total units need to be sold in order for the company to break even?

  • Q : Principles of efficient diversification....
    Accounting Basics :

    Problem: Why might investment strategies designed to avoid taxes contradict the principles of efficient diversification? Please discuss in detail and provide 2 quality references.

  • Q : Projected applied manufacturing overhead cost....
    Accounting Basics :

    What is the projected applied manufacturing overhead cost for November?

  • Q : Special order and inet income....
    Accounting Basics :

    The company has been approached by a small college who wishes to purchase 500 seats for special alumni at a price of $5 per seat. If the special order weres accepted, net income would be?

  • Q : Effect on net operating income....
    Accounting Basics :

    Management is considering the elimination of the ProForce model due to its low sales volume and low contribution margin ratio. As a result, total fixed expenses can be reduced to $282,990 per month.

  • Q : Clayton company-variable costing versus absorption costing....
    Accounting Basics :

    Clayton Company produces a single product. Last year, the company's variable production costs totaled $8,000 and its fixed manufacturing overhead costs totaled $4,800. The company produced 4,000 uni

  • Q : Accounting practices between two health care organizations....
    Accounting Basics :

    FASB has special rules for reporting on private health care organizations. And of course, if the health care organization is associated with government (as an SPE), then GASB rules. What are the si

  • Q : Gaining power and influence in the workplace....
    Accounting Basics :

    Question 1: Explain some different ways that members succeed in gaining power and influence in the workplace. Question 2: Assess and explain a time when you gained power and influence in your own work

  • Q : Kanbans and the inventory level....
    Accounting Basics :

    Determine how the number of kanbans and the inventory level will be affected if the time required for Robert to receive the material increases to thirty minutes.

  • Q : Prepare the stockholders equity section....
    Accounting Basics :

    a) Prepare journal entries for the activities listed above. b) Prepare the stockholders' equity section of the balance sheet (inasmuch as is possible)

  • Q : How many kanbans are needed for the packaging center....
    Accounting Basics :

    A manufacturer of thermostats uses a kanban system to control the flow of materials. The packaging center processes 10 thermostats an hour and receives completed thermostats every 30 minutes. Contai

  • Q : Criterion to evaluate events success....
    Accounting Basics :

    What is an example of a criterion to evaluate an event's success? What tool would you use to measure this criterion? What other tools could be used to measure this criterion? How would an event plan

  • Q : Amount of bond discount amortization....
    Accounting Basics :

    Concord Inc. issues (sells) $100,000 of its 10-year, 8% bonds to yield 10% on January 1, Year 1. The bonds pay interest annually on December 31. The bonds were sold with a discount of $12,289. What

  • Q : Amount of revenue from long-term contracts....
    Accounting Basics :

    At December 31, 2010, Seasons estimates that it is 30% complete with the construction, based on costs incurred. What is the total amount of Revenue from Long-Term Contracts recognized for 2010 and w

©TutorsGlobe All rights reserved 2022-2023.