• Q : Journalize the adjusting entries....
    Accounting Basics :

    Instructions: (a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.) (b) Prepare an adjusted trial balance.

  • Q : Prepare a multiple-step income statement....
    Accounting Basics :

    Prepare a multiple-step income statement and a retained earnings statement for the year and a classified balance sheet as of November 30, 2002.

  • Q : Analyzing internal control weaknesses....
    Accounting Basics :

    Identify as many internal control weaknesses as you can in this scenario, and suggest how each could be addressed.

  • Q : Calculate amount of depreciation expense recorded....
    Accounting Basics :

    Calculate the amount of depreciation expense that Solomon should record for machine B each year of its useful life under the following assumption.

  • Q : Knapsack problems....
    Accounting Basics :

    Juan wants to determine the combination of items he should pack in his duffel bag that will maximize his profit. The problem is an example of a type of integer programming known as a “knapsack

  • Q : Why is preferred stock referred to as preferred....
    Accounting Basics :

    Why is preferred stock referred to as "preferred"? What are some of the features that are added to preferred stock to make it more attractive to investors? Would you select preferred stock or common

  • Q : Amounts for betty wages for the current week....
    Accounting Basics :

    (a) Compute the following amounts for Betty's wages for the current week. (1)  Gross earnings. (2)  RCA taxes (Assume an 8% rate on maximum of $87,900.) (3)  Federal income taxes withhe

  • Q : Prepare the payroll register for the weekly payroll....
    Accounting Basics :

    (a) Prepare the payroll register for the weekly payroll. (b) Prepare the journal entries to record the payroll and Canseco's payroll tax expense.

  • Q : Liability for bonds payable....
    Accounting Basics :

    Show the proper balance sheet presentation for the liability for bonds payable on the December 31,2007, balance sheet.

  • Q : No-par common stock issued and outstanding....
    Accounting Basics :

    Problem: On January 1. Armada Corporation had 95.000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred.

  • Q : Finding the stockholders equity section....
    Accounting Basics :

    Open accounts for (1) Paid-in Capital from lteasury Stock, (2) Reasury Stock, and (3) Re-tained Earnings. Post to these accounts using J12 as the posting reference. Prepare the stockholders' equity

  • Q : Determine the revenue from the sale....
    Accounting Basics :

    Q1. Determine the revenue from the sale of 1 bottle, 5 bottles, and 10 bottles. Q2. Determine the marginal revenue R´(x) and interpret the quantity R´(10) in your own words.

  • Q : Budget for reducing-preventing damage....
    Accounting Basics :

    A company has a chance 1 in 3,000 of being within ten miles of an earthquake epicenter measuring 5.0 on the Richter scale. The Earthquake will cause $60 million of loss. What would be the budget for

  • Q : Computing the sales tax....
    Accounting Basics :

    Select one of the three products and find the identical product on two other web sites. Compute the sales tax for a state other than yours. Is the tax different? Why or why not? Be sure to include h

  • Q : Production and distribution cost....
    Accounting Basics :

    What would the variable cost (the sum of the production and distribution cost) for the highly automated process have to be so that the soft drinker maker is indifferent between the two types of plan

  • Q : Determining the productivity....
    Accounting Basics :

    If the restaurant sold 700 hamburgers, 900 cheeseburgers, and 500 chicken sandwiches in one week, what is its productivity?

  • Q : Equivalent units for conversion costs in assembly department....
    Accounting Basics :

    There were 11,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversation costs. What were the equivalent units for conversion co

  • Q : Production plan with the level-inventory strategy....
    Accounting Basics :

    Prepare a production plan with the level-inventory strategy that only uses hires and anticipation inventory as possible alternatives, and minimizes the inventory left over at the end of the year.

  • Q : What is the customer response time....
    Accounting Basics :

    Q1. What lead time(in weeks) is needed to respond to a customer order for product A, assuming no existing inventories or schedules receipts? Q2. What is the customer response time if all purchased it

  • Q : Explicit costs-implicit costs....
    Accounting Basics :

    Calculate (a) the explicit costs, (b) the implicit costs, (c) the business profit (d) the economic profit, and (e) the normal return on investment in this business

  • Q : Relative performance of the fcfs-spt-edd....
    Accounting Basics :

    Q1. Compare the relative performance of the FCFS, SPT, EDD, S/RO and CR rules. Q2. Discuss the selection of one of the rules for this company. What criteria do you consider most important in the sel

  • Q : Calculate bond face value....
    Accounting Basics :

    How much should a $1,000-face-value bonds sell for, assuming the following conditions: - The bond pays a coupon of 11% - The coupon payments are paid annually.

  • Q : Opportunity cost of the presidents decision....
    Accounting Basics :

    What is the opportunity cost of the president's decision to stick with both types of grass?

  • Q : Develop an mrp schedule showing gross-net requirements....
    Accounting Basics :

    Develop an MRP schedule showing the gross and net requirements and the planned order receipts and releases for Product Z and each of its components.

  • Q : Determining total cost-outsourcing and costs....
    Accounting Basics :

    Computer Products is considering the "matching" or "chasing" demand aggregate planning model for meeting the disk production. Ignoring the material cost, what is the total cost to produce the disks

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