Accounting

Cosgrove Art & Antiques sells unique art and antiques exclusively at antique sho

Cosgrove Art & Antiques sells unique art and antiques exclusively at antique sho

Cosgrove Art & Antiques sells unique art and antiques exclusively at antique shows. Cosgrove purchases inventory from individuals and other dealers at garage sales, flea markets, antique malls, and estate sales. Each time Cosgrove makes a purchas

barry   452   N/A

barry

A dental office employs three dentists and five dental hygienists. One of the de

A dental office employs three dentists and five dental hygienists. One of the de

A dental office employs three dentists and five dental hygienists. One of the dentists is a very recent dental school graduate and can't yet see patients on her own until she passes boards and obtains a license. Dentists perform all procedures p

barry   725   N/A

barry

The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ra

The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ra

The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ratio, respectively. Before liquidation, their balance sheet balances are as follows:Cash $10,000Other Assets 8,000Liabilities 4,000Brandon, Capital 7,0

lakina33   3653   N/A

lakina33

Effect on the step down method of cost accounting

Effect on the step down method of cost accounting

What effect does the step-down method of cost allocation have on the following?1. No effect 2.Increase 3.Decrease

a. Breakeven for the firm
b. Transfer prices for 2 divisions of a firm set using negotiation'
c. fixed cost va

martuchis   915   N/A

martuchis

If Sandy is offered $5000 today in exchange for $1000 each year for the next fiv

If Sandy is offered $5000 today in exchange for $1000 each year for the next fiv

If Sandy is offered $5000 today in exchange for $1000 each year for the next five years at 7% interest compounding

alibrunner   245   N/A

alibrunner

Brandi and her husband are planning for retirement. They feel they will need to

Brandi and her husband are planning for retirement. They feel they will need to

Brandi and her husband are planning for retirement.  They feel they will need to receive a payment of $50,000 each year for 20 years.  If their investments earn a 9% annual return over the course of their retirement, what amount must they h

alibrunner   309   N/A

alibrunner

Preparing a performance report through the contribution margin line?

Preparing a performance report through the contribution margin line?

Carvell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,106,640
Var

nharoun   249   N/A

nharoun

Complete a performance report through the segment margin line?

Complete a performance report through the segment margin line?

Carvell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,106,640
Variable

nharoun   490   N/A

nharoun

The costs that are transferred out from one process to another process become transferred in costs ...

The costs that are transferred out from one process to another process become transferred in costs ...

The costs that are transferred out from one process to another process become transferred in costs for the receiving process.
A) True
B) False

H3Ko   583   N/A

H3Ko

Santora Company manufactures two products - toaster ovens and bread machines. The following data are ...

Santora Company manufactures two products - toaster ovens and bread machines. The following data are ...

Santora Company manufactures two products - toaster ovens and bread machines. The following data are available:

   Toaster Ovens   Bread Machines
Sales price   $70   $170
Variable costs   $50   $70

Santora can manufacture six toas

Deprecated   758   N/A

Deprecated

5.The textbook discusses three levels of variances, Level 0, Level 1, Level 2, and Level 3. Briefly

5.The textbook discusses three levels of variances, Level 0, Level 1, Level 2, and Level 3. Briefly

What are each level of variances in cost accounting?

JAlexandre   441   N/A

JAlexandre

A company received a bank statement with a balance of $6,000. Reconciling items included a ...

A company received a bank statement with a balance of $6,000. Reconciling items included a ...

A company received a bank statement with a balance of $6,000. Reconciling items included a bookkeeper error of $400long dash—a $400 check recorded as $500long dash—two outstanding checks totaling $800​, a service charge of $20​, a deposit in transit

bellezaenrosa   1086   N/A

bellezaenrosa

Omislav is feeling really lucky this week and therefore decides to buy two lottery tickets; one from ...

Omislav is feeling really lucky this week and therefore decides to buy two lottery tickets; one from ...

Tomislav is feeling really lucky this week and therefore decides to buy two lottery tickets; one from Lotto 6/49 and one from Lotto Max. The probability of winning when playing Lotto 6/49 is 0.0000000715 and the probability of winning from Lotto Max

ma16lm   461   N/A

ma16lm

Rubber City Cycles manufactures carbon fiber bicycle frames for professional racing and avid amateur ...

Rubber City Cycles manufactures carbon fiber bicycle frames for professional racing and avid amateur ...

Rubber City Cycles manufactures carbon fiber bicycle frames for professional racing and avid amateur cyclists. Rubber City has found a CNC (computer numerical control) machine that will significantly reduce manufacturing waste while improving the qua

TY030   741   N/A

TY030

Break-Even Point & Selling Price

Break-Even Point & Selling Price

Please note if you have no idea on part B no problem. I am having trouble finding "a", the required selling price though

(​Break-even point and selling price​)
  Parks Castings Inc. will manufacture and sell 220,000units ne

celtic   152   N/A

celtic

Managerial Accounting

Managerial Accounting

12.   Why might a company want to take lean thinking a step further by including operations and methods associated with sustainability?

needanswersnowp   120   N/A

needanswersnowp

Financial Statement Preparation

Financial Statement Preparation

The accounts listed below are taken from an Internal Service Fund adjusted trial balance (all amounts are in thousands):

Accounts    Debit   Credit
 Accounts Payable        $44
 Accumulated Depreciation – Buildings        200
 Accumulat

derro   246   N/A

derro

Statement of Activities

Statement of Activities

Presented below is information for the governmental activities for the City of Pleasant Hill for the year ended December 31, 20X9 (all amounts are in thousands of dollars).

General property taxes revenue      $13,000
Unrestricted grants      

derro   170   N/A

derro

The management of Nyakwerigeria Ltd a registered supplier of vatable goods presented the following ...

The management of Nyakwerigeria Ltd a registered supplier of vatable goods presented the following ...

The management of Nyakwerigeria Ltd a registered supplier of vatable goods presented the following information relating to the companies transactions for the month of October 2017.


Sh.
Sales at standard rate
36,000,000

Mugo   236   N/A

Mugo

Mr. A. Kiriama prepared the following profit and loss account for his business for the year ended 31 ...

Mr. A. Kiriama prepared the following profit and loss account for his business for the year ended 31 ...

Mr. A. Kiriama prepared the following profit and loss account for his business for the year ended
31 December 2017

Income
Sh.                           Sh. Sales&

Mugo   207   N/A

Mugo

Rono, Wambulwa and Nora have been trading in partnership asYouandi Enterprises sharing profits and ...

Rono, Wambulwa and Nora have been trading in partnership asYouandi Enterprises sharing profits and ...

Rono, Wambulwa and Nora have been trading in partnership asYouandi Enterprises sharing profits and losses in the ratio of 2:2:1 respectively. They have presented the following profit and loss account of the firm for the year ended 31 December 2017:

Mugo   243   N/A

Mugo

Name of the account to use whether it is Work in Process or Finished goods inventory

Name of the account to use whether it is Work in Process or Finished goods inventory

Is 0 the number of units of a product representing the Beginning balance of an account called Finished goods inventory?  Is 100 the number of units of a product representing the Beginning balance of an account called Finished goods inventory?

Rea1l   87   N/A

Rea1l

The 500 production of vehicles using Work-in-process inventory and Finished goods inventory

The 500 production of vehicles using Work-in-process inventory and Finished goods inventory

On the second and third jpeg picture, can the 500 production of vehicles be described as the number of units of a type of vehicle that represents the ending balance of Work-in-Process Inventory or Finished goods inventory?  Or can there is no wa

Rea1l   106   N/A

Rea1l

Cost of goods sold is $108000, beginning inventory is $20000 and purchases is $100000. What is the

Cost of goods sold is $108000, beginning inventory is $20000 and purchases is $100000. What is the

Cost of goods sold is $108000, beginning inventory is $20000 and purchases  is $100000. What is the beginning inventory?

Psyche Taloza M-Verano   88   N/A

Psyche Taloza M-Verano

Which of the following inventory costing methods required a company to keep track

Which of the following inventory costing methods required a company to keep track

Which of the following inventory costing methods required a company to keep track

Psyche Taloza M-Verano   102   N/A

Psyche Taloza M-Verano

The following data, what is the cost of goods sold rounded to the nearest whole dollar using t

The following data, what is the cost of goods sold rounded to the nearest whole dollar using t

the following data, what is the cost of goods sold rounded to the nearest whole dollar using periodic FIFO?

Psyche Taloza M-Verano   93   N/A

Psyche Taloza M-Verano

If before reconciliation the balance on the bank statement does not equal the balance

If before reconciliation the balance on the bank statement does not equal the balance

If before reconciliation the balance on the bank statement does not equal the balance in the company's cash account:

Psyche Taloza M-Verano   89   N/A

Psyche Taloza M-Verano

I need a short summary of this article

I need a short summary of this article

I need a short summary of this article  (An Empirical Investigation of the Performance Consequences of Nonfinancial Measures). help me please.

Amanda387   152   N/A

Amanda387

I need a short summary of this article

I need a short summary of this article

I need a short summary of this article  (An Empirical Investigation of the Performance Consequences of Nonfinancial Measures). help me please.

Amanda387   105   N/A

Amanda387

On what basis are investments valued in the financial statements of a Pension Tr

On what basis are investments valued in the financial statements of a Pension Tr

On what basis are investments valued in the financial statements of a Pension Trust Fund?
      a.   at cost
      b.   at the lower of cost or market value of each individual security
      c.   at fair value
      d.   at actuarial value

goji.go   184   1 Reply

f_zah1

An Enterprise Fund incurs $35,000 in interest during the current year related to

An Enterprise Fund incurs $35,000 in interest during the current year related to

An Enterprise Fund incurs $35,000 in interest during the current year related to its outstanding bonds. The $35,000 will be reported as
A.   Operating expenses.
B.   Non-operating expenses.
C.   Other financing uses.
D.   Capitalized inte

goji.go   302   1 Reply

f_zah1

An Enterprise fund receives a $100,000 capital grant and uses the funds to parti

An Enterprise fund receives a $100,000 capital grant and uses the funds to parti

An Enterprise fund receives a $100,000 capital grant and uses the funds to partially finance the purchase of a $175,000 capital asset. The Enterprise Fund will report
A.   Revenues of $100,000 and expenses of $175,000.
B.   Non-operating revenu

goji.go   490   1 Reply

f_zah1

The Utility Enterprise Fund is in Year 2 of a three year construction project th

The Utility Enterprise Fund is in Year 2 of a three year construction project th

The Utility Enterprise Fund is in Year 2 of a three year construction project that is projected to cost $3,000,000. The fund incurred $300,000 of costs in Year 1 and $1,800,000 in Year 2. The fund will report
A.   Expenses of $300,000 in Year 1 an

goji.go   302   1 Reply

f_zah1

An Enterprise Fund made a debt service payment of $75,000 ($45,000 principal, $3

An Enterprise Fund made a debt service payment of $75,000 ($45,000 principal, $3

An Enterprise Fund made a debt service payment of $75,000 ($45,000 principal, $30,000 interest). The Enterprise Fund will report
A.   $0 expenses.
B.   $30,000 of expense.
C.   $75,000 of expense.
D.   a liability reduction of $75,000.

goji.go   331   1 Reply

f_zah1

Which of the following is not a required financial statement of an Enterprise Fu

Which of the following is not a required financial statement of an Enterprise Fu

Which of the following is not a required financial statement of an Enterprise Fund?
A.   Statement of net position.
B.   Statement of revenues, expenses and changes in net position.
C.   Statement of revenues, expenses and changes in net pos

goji.go   243   1 Reply

f_zah1

Which of the following would be included in determining operating income of an E

Which of the following would be included in determining operating income of an E

Which of the following would be included in determining operating income of an Enterprise Fund?
A.   Transfers.
B.   Depreciation expense.
C.   Interest expense.
D.   Capital contributions.

goji.go   319   1 Reply

f_zah1

The City of Alnwick received a grant from Blount County. The $8,000,000 grant is

The City of Alnwick received a grant from Blount County. The $8,000,000 grant is

The City of Alnwick received a grant from Blount County. The $8,000,000 grant is restricted to use for construction of a facility for a city enterprise activity. The grant is for half the cost of the facility. The grantor will reimburse half of the c

goji.go   403   1 Reply

f_zah1

Payments in lieu of taxes that are not payments for services from a government's

Payments in lieu of taxes that are not payments for services from a government's

Payments in lieu of taxes that are not payments for services from a government's Enterprise Fund to its General Fund should be reported by the Enterprise Fund as
A.   Operating expenses.
B.   Nonoperating expenses.
C.   Transfers out.

goji.go   314   1 Reply

f_zah1

Which of the following statements is true about transfers into an Enterprise Fun

Which of the following statements is true about transfers into an Enterprise Fun

Which of the following statements is true about transfers into an Enterprise Fund?
A.   They are always reported as capital and related financing activities in the statement of cash flows.
B.   They are always reported immediately after operati

goji.go   396   1 Reply

f_zah1

A government borrowed $20 million by issuing general obligation bonds to finance

A government borrowed $20 million by issuing general obligation bonds to finance

A government borrowed $20 million by issuing general obligation bonds to finance construction of a new airport terminal for its Airport Enterprise Fund. The bonds were issued at par, and the government intends to service the bonds from Enterprise Fun

goji.go   399   1 Reply

f_zah1