• Q : Calculate the cash ledger balance....
    Accounting Basics :

    A&A Products recieved a check from one of their customers dated July 6, 2014 in the amount of 550. This amount was not included in the ledger balance

  • Q : How to company planned to purchase....
    Accounting Basics :

    Kolinchak Company planned to purchase 16,250 pounds of material this year at $2.40 per lb. Actual results indicate that 18,000 pounds were purchased at $2.00 per lb. What is the direct materials pr

  • Q : Determine the cost of serving the local commercials....
    Accounting Basics :

    NimPix, Inc., is a small company that creates computer-generated animations for films and television. Much of the company's work consists of short commercials for television, but the company also do

  • Q : Why the harley has excess operating capacity....
    Accounting Basics :

    In Harley Company it costs $30 per unit ($19 variable and $11 fixed) to make a product that normally sells for $41. A foreign wholesaler offers to buy 3,040 units at $25 each.

  • Q : How is budgeting used today....
    Accounting Basics :

    How is budgeting used today?Explain modern accounting, money management and the ethical responsibility of Christian accountants.

  • Q : Calculate the accumulated depreciation....
    Accounting Basics :

    On the basis of the following data for breach co. For the year ended December 31, 2011 and the preceding year, prepare a statement of cash flows using the indirect message of reporting cash flows fr

  • Q : The forecased number of units produced....
    Accounting Basics :

    The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year.

  • Q : Effect to straight-line depreciation on the investment....
    Accounting Basics :

    The average rate of return, giving effect to straight-line depreciation on the investment. If required, round your answer to one decimal place.

  • Q : Calculate the old factory machine should be....
    Accounting Basics :

    Ridley Company has a factory machine with a book value of $86,400 and a remaining useful life of 6 years. A new machine is available at a cost of $218,200. This machine will have a 6-year useful lif

  • Q : The manufacturing overhead account....
    Accounting Basics :

    When the amount of over-under applied manufacturing overhead is small, the Manufacturing Overhead account is generally closed?

  • Q : Why making a subassembly part for its finished product....
    Accounting Basics :

    Vintech Manufacturing incurs unit costs of $7 ($4 variable and $3 fixed) in making a subassembly part for its finished product. A supplier offers to make 11,900 of the part at $6.00 per unit.

  • Q : What is the sales quantity variance....
    Accounting Basics :

    Gooch%u2019s planned to sell 75,000 units this year at $4.00 per unit. Actual results indicate that 76,000 units were sold at $3.50 per unit.What is the sales price variance?What is the sales quant

  • Q : The discount on bonds payable at the date of issuance....
    Accounting Basics :

    On January 1, 2014, Jack Company issues $4,331,000, 7%, 10-year bonds for cash of $3,521,395 when the market rate of interest is 10%. The bonds pay interest semi-annually on June 30 and December 31.

  • Q : What was the uncollectible accounts....
    Accounting Basics :

    Constanza Company had a beginning and ending allowance for doubtful accounts balance of $23,000 and $27,000, respectively. If $12,000 of accounts were written off during the period, what was the un

  • Q : Calculate the amount of greens work opportunity....
    Accounting Basics :

    Green Corporation hires six individuals on January 4, 2013, all of whom qualify for the work opportunity credit. Three of these individuals receive wages of $ 8,500 dur-ing 2013, and each individual

  • Q : What month should revenue be recognized....
    Accounting Basics :

    On March 1st, Stephanie Meyer, a writer, received an advance from her publisher for a short story to add to the Twilight series. Stephanie performed the work during the period April 2nd to April 29t

  • Q : What would net income be if the company sells....
    Accounting Basics :

    A company produces 90 cars with VC of $9,000 per vehicle and $200,000 in fixed costs. Let's also assume the cars selling price is set at $12,000.

  • Q : Applies batch-related manufacturing overhead....
    Accounting Basics :

    Sarasota Copy Company applies batch-related manufacturing overhead on the basis of the number of production runs. The following information is available.

  • Q : Prepare an income statement and retained earnings statement....
    Accounting Basics :

    400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense.

  • Q : The perpetual inventory system....
    Accounting Basics :

    Murray Company purchased $26,800 in direct materials from Bartunek Company; terms 2/10, n/30. Prepare the journal entry to record the transaction using the perpetual inventory system and the gross

  • Q : Explain the retail inventory method to estimate inventory....
    Accounting Basics :

    A&A products is in the process of preparing interm financial statements. Since they take physical on an annual basis they use the Retail Inventory Method to estimate inventory.

  • Q : Cash and cash equivalants....
    Accounting Basics :

    As of December 31, 2009, Valley Company has $16,920 cash in it's checking account, as well as several other items listed below,What amount should be shown in Valley's December 31, 2009, balance sheet

  • Q : Compute the hobby huts credit for employer....
    Accounting Basics :

    Employees at the Hobby Hut requested that the company provide assistance in locating professional- quality child care services during business hours.

  • Q : How to prepare the master budget....
    Accounting Basics :

    Since Diana was not yet familiar with the operations of De Anza Manufacturing, she decided to budget these expenses using the same procedures as the prior controller.

  • Q : What is the carrying value of outstanding carlin corporation....
    Accounting Basics :

    On January 1, 2009, Carlin Corporation issued $2,400,000 of 5-year, 8% bonds at 95; the bonds pay interest semiannually on July 1 and January 1. By January 1, 2011, the market rate of interest for b

©TutorsGlobe All rights reserved 2022-2023.