• Q : Depreciation on the equipment....
    Accounting Basics :

    A company that has a fiscal year-end of December 31: (1) on October 1, $31,000 was paid for a one-year fire insurance policy; (2) on June 30 the company lent its chief financial officer $29,000.

  • Q : What was the direct labor rate variance for march....
    Accounting Basics :

    Submit an Excel  document with each tab labeled by item number in good form that demonstrates the  following through your calculations:

  • Q : Acts to be performed by the auditor....
    Accounting Basics :

    Which of the following best describes what is meant by generally accepted auditing standards? Audit assertions generally determined on audit engagements.

  • Q : What is the variable expense ratio....
    Accounting Basics :

    If the variable cost per unit increases by $1, spending on advertising increases by $1,500, and unit sales increase by 250 units, what would be the net operating income?

  • Q : Discuss an investment trust fund for seggen county....
    Accounting Basics :

    Prepare the journal entries to record the following transactions in an Investment Trust Fund for Seggen County during the calendar year 2013.

  • Q : Actual quantity of material consumed....
    Accounting Basics :

    Standard price of material specified: $ 10 Standard quantity of specified material per unit of product: 20 Kg Actual Price of product Material: $ 9.6 Actual Output of product.

  • Q : What would be the overall margin on the order....
    Accounting Basics :

    Ever After Bakery makes wedding cakes to order. The company has an activity-based costing system with three activity cost pools. The activity rate for the Size-Related activity cost pool is $0.92 pe

  • Q : What was its p/v ratio....
    Accounting Basics :

    For a financial statement of year 2006 Sale was 400000$ and a identified loss of 40000$. Again for year 2007, sale was 1600000$ and profit of 200000$ what was its P/V Ratio.

  • Q : Find its cost variable....
    Accounting Basics :

    If business are given as Sales = $ 15,00,000 Ratio( Profit Volume) = 20% Cost (Fixed) = $ 3,00,000 Find its Cost (variable), Profit and contribution.

  • Q : Discuss the effect on the basis of the condominium....
    Accounting Basics :

    What is the total amount of deductions for and from AGI that Kiera may take during the current year with respect to teh condominium?

  • Q : Why might jim prefer the executor to use fmv....
    Accounting Basics :

    Jim inherits stock from his brother, who died in March, when the property had a $6.9 million FMV. This property is the only property included in his brother's gross estate and there is a taxable est

  • Q : Compute the amount of overhead cost....
    Accounting Basics :

    Heritage Gardens uses a job-order costing system to track the costs of its landscaping projects. The company uses a job-order costing system to track the costs of its landscaping projects.

  • Q : Calculate willis''s cost of goods sold....
    Accounting Basics :

    Willis Corporation has Beginning Inventory $76,000; Purchases $487,000; Freight-in $15,900; Purchase Returns $5,400; Purchase Discounts $4,600; and Ending Inventory $65,700.Calculate Willis's cost

  • Q : How to selling and administrative equipment....
    Accounting Basics :

    Depreciation recorded on plant and equipment, $28,000. Three-fourths of the depreciation related to factory equipment, and the remainder related to selling and administrative equipm

  • Q : Calculate the cash flows for the new crystal jewelry....
    Accounting Basics :

    Weights of 70% debt and 30% common equity (no preferred equity); this essentially reverses their previously calculated capital structure

  • Q : Discuss the net present value of the project....
    Accounting Basics :

    If the company has a 10% after tax weighted average cost of capital, has a 40% tax rate, and uses straight-line depreciation, what is the net present value of the project?

  • Q : What amounts would bursa have over....
    Accounting Basics :

    Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs.Estimated manufacturing overhead $.

  • Q : Analyze the effects of draper consultings transactions....
    Accounting Basics :

    Analyze the effects of Draper Consulting's transactions on the accounting equation. Use the format of Exhibit 1-6, and include these headings: Cash; Accounts receivable; Supplies; Equipment; Furniture

  • Q : Discuss the necessary entries to adjust the balance of cash....
    Accounting Basics :

    Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions:

  • Q : Explain the above transactions in a horizontal statements....
    Accounting Basics :

    Show the effects of the above transactions in a horizontal statements model like the one shown below. When you record amounts in the Cash Flow column.

  • Q : Compute the amount of underapplied or overapplied overhead....
    Accounting Basics :

    Medusa Products uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that 85,000 machine-hours would

  • Q : Consider the trial balance....
    Accounting Basics :

    Consider the trial balance of DMN Corporation shown in Table 2.1. Based on that trial balance alone, which of the following income statement items would total $7,500?

  • Q : What was supplies expense for carolina....
    Accounting Basics :

    Carolina Mills purchased $270,000 in supplies this year. The supplies account increased by $10,000 during the year to an ending balance of $66,000. What was supplies expense for Carolina Mills duri

  • Q : How to find sales revenue when beginning assests....
    Accounting Basics :

    How to find sales revenue when beginning assests= 28000, Liabilities= 18600...ending assests = 30,000, liabilites 17300 and during the year expense is 8500 and dividends is 3000 How do i calculate s

  • Q : What is the net present value of the project....
    Accounting Basics :

    Gerard, a not-for-profit entity, is considering the acquisition of a baseball winder that costs $56,200. The baseball winder has an expected life of 10 years and is expected to reduce production cos

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