• Q : Company issues a bond at a discount....
    Accounting Basics :

    When a company issues a bond at a discount: - the company will pay less than the face amount of the bond at its maturity. - the company will pay more than the face amount of the bond at its maturity -

  • Q : Expanded version of the accounting equation....
    Accounting Basics :

    Problem: An expanded version of the accounting equation could be:

  • Q : Why is accounting often referred to as language of business....
    Accounting Basics :

    Question: Why is accounting often referred to as the "language of business". What are generally accepted accounting principles (GAAP)? Who currently develops and issues GAAP? What is the purpose of

  • Q : Finding the amount of a dividend....
    Accounting Basics :

    Jacobs Company has 300,000 share of common stock authorized, 270,000 shares issued, and 50,000 shares of treasury stock. The company's board of directors declares a dividend of 50 cents per share. W

  • Q : Recording dividends....
    Accounting Basics :

    On April 15, 2003, the board of directors for Auction.com declared a cash dividend of 20 cents per share payable to stockholders of record on May 20. The dividends will be paid on June 14. The compa

  • Q : Economic order quantity of a large consulting firm....
    Accounting Basics :

    A large consulting firm orders photocopying paper by the carton. The firm pays a $30 delivery charge on each order. The total cost of storing the paper, including forgone interest, storage space, an

  • Q : What was tris rate of return on the stock....
    Accounting Basics :

    Problem: Tris brought a Japanese stock 1 yr. ago when it sold for 280 yen per share and the exchange rate was $.008 per yen. The stock now sells for 350 yen and the exchange rate is $.010 per yen. T

  • Q : Present value received at the end of every 6 months....
    Accounting Basics :

    Problem: I have $200,000. What is the present value received at the end of every 6 months for the next 8 years at a discount rate of 7%?

  • Q : Poportion of variable-fixed-mixed costs in a firm....
    Accounting Basics :

    Problem: The relative proportion of variable, fixed, and mixed costs in a firm is known as the firm's...choices are:

  • Q : What is the break-even point in units....
    Accounting Basics :

    Street Company's fixed expenses total $150,000, its unit sales price is $10 and its variable cost per unit is $5. What is the break-even point in units...choices are?

  • Q : Total sales volume achieving net income....
    Accounting Basics :

    A company sells a single product for $20 per unit. If variable expenses are 60% of sales and fixed expenses total $9,600, what would total sales volume have to be in order to achieve net income of

  • Q : Factory overhead example....
    Accounting Basics :

    Problem: Factory overhead is an example of: a. mixed cost b. fixed cost c. variable cost d. irrelevant cost

  • Q : Degree of operating leverage of the project....
    Accounting Basics :

    a) If sales increase by 5 percent, what will be the increase in pretax profits? b) What is the degree of operating leverage of this project?

  • Q : Estimate learning rate using the learning curve equation....
    Accounting Basics :

    a. According to this pilot run, what is your estimate of the learning rate using the learning curve equation. b. How much time will it take to produce the next 90 units?

  • Q : Description of unit contribution margin....
    Accounting Basics :

    Mirror Company sold 17,000 units and had the following income statement for the most recent year:Given this data, the unit contribution margin was:

  • Q : Develop a sampling plan....
    Accounting Basics :

    a. Develop a sampling plan. b. Explain what the sampling plan means, that is, how would you tell the inspector to do the incoming test.

  • Q : Identifying cost behavior....
    Accounting Basics :

    Classify each of the following costs incurred by the co. as fixed, variable, or mixed. 1. Manager's compensation relative to the number of customers. 2. Waitresses' salaries relative to the number of

  • Q : Indirect and direct method of a statement of cash flows....
    Accounting Basics :

    Question: The major difference between the indirect and the direct method of a statement of cash flows appears in which the following activities section(s)?

  • Q : Data grouped in a frequency distribution....
    Accounting Basics :

    Problem: The range cannot be computed for data grouped in a frequency distribution having an open end.

  • Q : Determine materials price variance for the month....
    Accounting Basics :

    The following materials standards have been established for a particular raw material used in the company's sole product: What is the materials price variance for the month?

  • Q : Stenchs materials price variance for the month....
    Accounting Basics :

    During the month of June, Stench purchased 75,000 ounces of crushed garlic at a total cost of $171,000. Stench used 64,000 of these ounces to produce 71,500 containers of yogurt. What is Stench's ma

  • Q : What make marriott indifferent about accepting the offer....
    Accounting Basics :

    I the year-round rate per room averaged $90, what percentage of occupancy of the 50 rooms in question would have to be rented to make Marriott indifferent about accepting the offer?

  • Q : Calculation of profit at diiferent stages of production....
    Accounting Basics :

    1. Compute the total profit if all three products are sold at the split-off point. 2. Compute the total profit if all three products are processed further before being sold.

  • Q : Journalize transaction using a perpetual inventory system....
    Accounting Basics :

    Instructions: Journalize the transaction for the month of June for Dazzle Book Warehouse Using a perpetual inventory system.

  • Q : Use of databases in a healthcare organization....
    Accounting Basics :

    Problem 1: Analyze the use of databases in a healthcare organization. (or accounting dept.) Problem 2: Include what database applications are used (Microsoft Access, DB2, Oracle, etc.).

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