Statement of Cost Question

Statement of Cost Question in $7 only

Suriyat & Co Ltd requires a statement showing the result of its production,operation for Sep. 2002. Cost records give the following information.

Raw Materials

Finished Goods

Work in Progress

1.9.2002$1,00,000

71,500

31,000

30.9.2002$1,23,500

42,000

34,500

Transactions during the month of Sep. 2002 :

Purchase of Raw MaterialsDirect WagesWorks’ Expenses

Administration Expenses

Sale of Factory Scrap

Selling and Distribution Expenses

Sales

$88,00070,000

39,500

13,000

2,000

15,000

2,84,000

Required:Statement of Cost

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Depreciation Question on Atlas Inc.

Depreciation Question on Atlas Inc. in $6 only

Annual depreciation expense on a building purchased by Atlas Inc. a few years ago (using the straight-line method) is $10,000. The cost of the building was $200,000. The current book value of the equipment (January 1, 2013) is $170,000. At the time of purchase, the asset was estimated to have a zero salvage value. On January 1, 2013, the company decided to reduce the original useful life by 25% and to establish a salvage value of $10,000. The firm also decided double-declining-balance depreciation was more appropriate. Ignore tax effects.

Required:

(1.) Record the journal entry, if any, to report the accounting change.

(2.) Record the annual depreciation for 2013.

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Bandera Corporation Straight-line Depreciation

Bandera Corporation Straight-line Depreciation in $4 onlyBandera Corporation

Bandera Corporation has been using the straight-line depreciation method to depreciate some office equipment that was acquired at the beginning of 2012. At the beginning of 2015, Pinnacle decided to change to the sum-of-the-years’-digits method. The equipment cost $150,000 and is expected to have no salvage value. The estimated useful life of the equipment is five years. The tax rate is 35%.

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ECO Schumpeter’s Theory and Veblen’s Theory

ECO Schumpeter’s Theory and Veblen’s Theory in $7 onlyECO Schumpeter's Theory and Veblen's Theory

Explain the major departure of the Marginalist School from the Classical Political Economists. How did it change the focus of economics and leave no room for political economy at the time?

Explain Veblen’s theory of the leisure class. Explain why the leisure class is not overthrown and how conspicuous consumption plays a role in Veblen’s theory.

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Comparative Balance Sheet of HULT Company

Comparative Balance Sheet of HULT Company in $9 onlyHULT Company

The comparative balance sheet of HULT Company, for 2014 & 2013 appears below in condensed form:

2014 2013
Cash $ 68,000 $ 42,500
Accounts receivable (net) 61,000 70,200
Inventories 121,000 205,000
Prepaid Rent

Equipment, net

2,500

359,500

4,000

246,000

$612,000 $567,700
Accounts payable $ 54,750 $ 122,250
Dividends payable 5,000 0
Common stock 425,000 350,000
Retained earnings 127,250 95,450
$612,000 $567,700

Additional data for the current year are as follows:

  • Sales of 2014 were $950,000
  • Cost of goods sold $410,000
  • Rent expense $32,000
  • Net income, $71,800.
  • Depreciation expense, $12,000

1) Determine the amount of cash would HULT collect from its customers during 2014.Required:

2) Determine the amount of cash HULT paid for rent during 2014.

3) Determine the amount of cash HULT paid to suppliers during 2014.

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Question on Annie Invests

Question on Annie Invests in $3 onlyQuestion on Annie invests

In 2012 Annie invests $55,000 in an activity for which she is not a material participant. Annie has no other sources of income. Annie’s losses from the activity are as follows:

Income/(Loss)

2012 ($45,000)

2013 ($20,000)

2014 $30,000

Calculate Annie’s deductible loss, basis, and any losses suspended under the at-risk and/or passive activity loss rules each year.

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ACC211 Unit 7 Discussion Board Latest 2016 January

ACC211 Unit 7 Discussion Board Latest 2016 January in $3 only

What insight does ROI give into investment performance? Is it acceptable to lose product on one product, if that product is vital to the sale of an extremely profitable product? Why?

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Questions Olson Corporation

Questions Olson Corporation in $6 only

In 2015, Olson Corporation purchased the assets of Swenson Corporation for $1,000,000. The fair market value of the assets was as follows:

Furniture

Office Building

Land

$ 100,000

$ 600,000

$ 200,000

Oak Bucket Co. Question

Oak Bucket Co. Question in $9 onlyOak Bucket Co.

Exercise 19-17 Oak Bucket Co., a manufacturer of wood buckets, had the following data for 2013.

Sales 2,600 units
Sales price $40 per unit
Variable costs $16.00 per unit
Fixed costs $19,500
Your answer is correct.
What is the contribution margin ratio?

Contribution margin ratio %

What is the break-even point in dollars?

UOP XACC 290 Discussion

UOP XACC 290 Discussion in $6 onlyUOP XACC 290 Discussion

Write a 350-word response to the capstone discussion question:

  • In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)?

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GC ACC650 Week 8 Benchmark Assignment Latest 2015

GC ACC650 Week 8 Benchmark Assignment Latest 2015 in $19 only (Sample Answer)

Free Sample Answer is Given Below.

This is a CLC assignment.

The instructor will assign each group one case from the following cases found in the textbook: C14-62, C14-63, C15-48, or C16-59.

APA format is not required, but solid academic writing is expected.

Submit in a Word document with each item numbered. Excel spreadsheets with relevant calculations should be embedded within the document.

This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations for successful completion of the assignment.

You are not required to submit this assignment to Turnitin, unless otherwise directed by your instructor. If so directed, refer to the Student Success Center for directions. Only Word documents can be submitted to Turnitin.

Sample Answer:

Price of Answer: Just US$19 only (Sample Answer)

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GC ACC650 Week 7 Discussion Latest 2015

GC ACC650 Week 7 Discussion Latest 2015 in $27 onlyGC ACC650 Week 7

Complete problem 8-21 (parts 1-4 only) and exercises 17-20 to 17-22 in the textbook.

Prepare your responses in Excel with each problem on a separate tab.

You are not required to submit this assignment to Turnitin, unless otherwise directed by your instructor. If so directed, refer to the Student Success Center for directions. Only Word documents can be submitted to Turnitin.

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P4-7 Tunstall Inc CP4-2Urban Outfitters

P4-7 Tunstall Inc CP4-2Urban Outfitters in $17 only 

P4-7 Tunstall Inc

CP4-2Urban Outfitters

Complete P4-7 (page 209) and CP4-2 (page 217) from Chapter 4 of your Financial Accounting textbook.

Libby, R., Libby, P. A., & Short, D. G. (2014). Financial accounting (8th ed.) [Custom text bundle]. New York, NY: McGraw-Hill. ISBN: 9781259329029.

P4-7 Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement

Including Earnings per Share LO4-1, 4-2, 4-4

Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period, December 31, 2014:

Account Titles Debit Credit

UMUC ACCT220 Final Exam 2016

UMUC ACCT220 Final Exam 2016 in $34 only (Instant Download)

Free Sample Answer is given below.

XYZ Company

Trial Balance

December 31, 2015

Account Debit Credit

Cash $ 43,500

Accounts Receivable 53,500

Allowance for Doubtful Accounts 1,500

Notes Receivable 30,000

Merchandise Inventory 55,000

Land 20,000

Building 150,000

Accumulated Depreciation, Building $ 15,000

Equipment 50,000

Accumulated Depreciation, Equipment 21,000

Goodwill 26,000

Accounts Payable 25,000

Long-Term Notes Payable 75,000

Common Stock, $10 par, 2,000 shares authorized and outstanding 20,000

Yoste Corporation Shares

Yoste Corporation Shares in $5 onlyYoste Corporation

Yoste Corporation had 120,000 shares of common stock and 12,000 shares of 6%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $420,000 and dividends were paid to both common and preferred shareholders. Rudyard’s effective tax rate is 35%. Each share of preferred stock is convertible into five shares of common

  • What is Yoste’s basic EPS?
  • What is Yoste diluted EPS (rounded)?

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Individual Tax Return Problem 5

Individual Tax Return Problem 5 in $110 only

Individual Tax Return Project (LO 2 & 3)

Tax return problem: Complete the individual tax return problem 5 on page Appendix C-7 in your textbook. This is an individual project instead of a group project. However, you are encouraged to discuss with your classmates. Make sure that you don’t simply copy the forms. You have to download the appropriate forms from the IRS website http://www.irs.gov . DO NOT use any tax software to complete the project. Otherwise, your grade will be severely penalized. You have to attach your calculations/explanation (i.e., work papers) as part of the return. Without work papers, your grade will be capped at 30 points. Tax Return Project due at 11:59pm on Wednesday, April 20. You have to email me your pdf file (preferred) or submit a hard copy. Make sure that you combine multiple files into one file and only submit one file. (Assessing learning objectives 2 & 3)

INDIVIDUAL TAX RETURN PROBLEM 5

Required:

Use the following information to complete Paul and Judy Vance’s 2011 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps.

You may need the following forms and schedules to complete the project: Form 1040, Schedule A, Schedule B, Schedule C, Schedule D, Schedule E, Schedule SE, Form 2106-EZ, Form 4562 (for the dental practice), Form 4562 (for the rental property), Form 4797, and Form 8863. The forms, schedules, and instructions can be found at the IRS Web site (www.irs.gov). The instructions can be helpful in completing the forms.

Facts:

Accounting Week 8 Quiz and Homework Question Latest 2016

Accounting Week 8 Quiz and Homework Question Latest 2016 in $21 only

The figure given below represents two indifference curves I1 and I2 of an individual.
Figure 7.2

Refer to Figure 7.2. Which of the following statements is true?

a. Point B yields a greater level of satisfaction than point C.

b. Point B yields a greater level of satisfaction than point D.

c. Points A and E yield the same level of satisfaction.

d. Point C yields a lower level of satisfaction than point D.

e. I2 represents a greater level of satisfaction than I1.

The figure given below shows three Short Run Average Total Cost (SRATC) curves and the Long Run Average Total Cost (LRATC) curve of a firm.
Figure 8.3

GC ACC650 Week 4 Discussion Latest 2015

GC ACC650 Week 4 Discussion Latest 2015 in $4 onlyACC650 Week 4 Discussion

How can CVP Analysis be used to predict future costs and profitability? Describe how CVP Analysis is used, or could be used, at your current place of employment. If you have not worked for a company that might use CVP Analysis, you may choose a well-known company and describe how you envision that company using CVP Analysis.

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