• Q : Savings from the special tax treatment....
    Accounting Basics :

    Question: If Daniel's marginal tax rate is 35 percent and he has $81,600 of other capital gains (taxed at 15 percent), what is the tax savings from the special tax treatment?

  • Q : Cost of customer acquisition....
    Accounting Basics :

    Question 1: What is the cost of customer acquisition (assume that acquisition occurs BEFORE any transaction actually occurs)? Question 2: What is the annual margin for a customer?

  • Q : Present to reduce the value of such goodwill....
    Accounting Basics :

    Question 1: Assuming that goodwill exists, what is the value of the Finch stock? Question 2: What factors could be present to reduce the value of such goodwill? Note: Please provide through step by st

  • Q : Dale gross estate....
    Accounting Basics :

    Question 1: How much as to the trust is included in Dale's gross estate? Question 2: Does the answer change in part (a) if Nicole is Dale's wife?

  • Q : Compute the depreciation for the second....
    Accounting Basics :

    Question: Compute the depreciation for the second year under each of the following methods: (a) straight-line, (b) production, and (c) double-declining-balance.

  • Q : Cost of the ending work in process inventory....
    Accounting Basics :

    Question: If cost of goods manufactured is $480,000, what is the cost of the ending work in process inventory? Note: Please show the work not just the answer.

  • Q : Compute the amount of gain or loss....
    Accounting Basics :

    Question 1: Compute the amount of gain or loss to Elton, Inc. on the transfer (disposition) of the land. Question 2: Compute the amount of gain or loss to Elton, Inc. on the settlement of the debt.

  • Q : Journal entries on the arnold company....
    Accounting Basics :

    Prepare journal entries on the Arnold Company books to record all the events noted above under each of the following bases: 1) Sales and receivables are entered at gross selling price. 2) Sales and

  • Q : Determine predetermined overhead rate....
    Accounting Basics :

    The predetermined overhead rate for the year was closest to:

  • Q : Total bond interest expense....
    Accounting Basics :

    For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. Determine the total bond interest expense to be recognized o

  • Q : Necessary entry for raymond to record the liability....
    Accounting Basics :

    Question: Prepare the necessary entry for Raymond to record the liability (in any) for its financial statements dated December 31, 2015.

  • Q : Blueberry lane lodge working capital....
    Accounting Basics :

    Question: What were the dollar amount of change and the percentage of each change in Blueberry Lane Lodge's working capital during 2012 and 2011? Is this trend favorable or unfavorable?

  • Q : Determine for the unit sales that are required....
    Accounting Basics :

    Question 1: Using the equation method, determine for the unit sales that are required to earn a target profit of $10,700. Question 2: Using the formula method, determine the dollar sales that are requ

  • Q : Journal entry for the salaries and wages paid....
    Accounting Basics :

    Question 1: Prepare the journal entry for the salaries and wages paid. Question 2: Prepare the entry to record the employer payroll taxes.

  • Q : Net benefit to hp of outsourcing....
    Accounting Basics :

    Question: Calculate the net benefit (cost) to HP of outsourcing the component from Samina-SCI. Use a negative sign with your answer, if appropriate.

  • Q : Describe the sec activities and literature....
    Accounting Basics :

    Question 1: Identify and describe accountants' exposure to lawsuits and loss judgments. Question 2: Describe the SEC activities and literature involved in the regulation of accounting.

  • Q : Ending inventory and the cost of goods sold....
    Accounting Basics :

    Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost

  • Q : Compute the unit costs for the month....
    Accounting Basics :

    Question: Compute the unit costs for the month. Note: Please provide full description.

  • Q : Trend percentages for sales and net income....
    Accounting Basics :

    Question: Show Witkum's trend percentages for sales and net income. Use 2009 as the base year Note: Explain all calculation and formulas.

  • Q : Horizontal analysis of revenues and net income....
    Accounting Basics :

    Perform a horizontal analysis of revenues and net income-both in dollar amounts and in percentages-for 2012 and 2011. Note: Please provide full description.

  • Q : Cash method of accounting....
    Accounting Basics :

    Pamello Inc., an engineering consulting firm, uses the cash method of accounting. Compute the amount of Pamello's current year deductions for the following transactions:

  • Q : Journal entry to record the purchase of the equipment....
    Accounting Basics :

    Question: Prepare the journal entry to record the purchase of the equipment. Note: Please provide reasons to support your answer.

  • Q : Equivalent unit for conversion costs....
    Accounting Basics :

    Question: What would be the cost per equivalent unit for conversion costs for the month? Note: Provide support for your rationale.

  • Q : Compute the selling price per composite chair....
    Accounting Basics :

    Question 1: Compute the selling price per composite chair Question 2: Compute the variable cost per composite unit Question 3: Compute the break even point in composite units

  • Q : What is the current bond price....
    Accounting Basics :

    Question: If the YTM on these bonds is 5.2 percent, what is the current bond price? Assume a face value of $1,000. Note: Please provide reasons to support your answer.

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