Accounting Question

Q: REQUIRED Prepare the Statement of Financial Position as at 29 February 2020.

A: PLEASE GIVE A LIKE, your response matters  Midway Traders  Statement showing Financial position of o...

Q: Required: a Calculate break even point in dollars and sales for Champion Sports. b. If 35,000 pieces...

A: PLEASE GIVE A LIKE, your response matters  Note:   “Since you have posted a question with multiple s...

Q: Rules for the Distribution of Profits or Losses In January 2018, Nick Marasigan and Dems Asacta agre...

A: Partnership firm is formed with two partners. This organization would be beneficial to all partners ...

Q: Thank you :)

A: Trial balance means a statement which include all the debit or credit balances of accounts from ledg...

Q: A corporation purchases 41500 shares of its own $30 par common stock for $45 per share, recording it...

A: Given information is: A corporation purchases 41500 shares of its own $30 par common stock for $45 p...

Q: On January 1, a company agrees to pay $28,000 in nine years. If the annual interest rate is 3%, dete...

A: Present value: It can be defined as today’s worth of an investment that will be received in the futu...

Q: Gen-X Ads Co. produces advertising videos. During the current fiscal year, Gen-X Ads Co. received th...

A: Adjustment for accrued interest will be recorded by debiting accrued interest and crediting interest...

Q: On April 1, 2025, Orbit Services received $5,800 in advance of performing the services from a custom...

A: Service completed for April and May = 2 months completed. Amount of revenue earned = $5,800 x 2/3 = ...

Q: Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two ye...

A: The interest earned is the total interest due during the year.

Q: The financial statements of Minnesota Mining and Manufacturing Company (3M) report net sales of $20....

A: Accounts receivable turnover is an efficiency ratio or activity ratio that measures how many times a...

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 279,350...

A: Given that: Work in process closing balance = $206820

Q: Maywood, Inc. recently signed a $364,000, six-month note on August 22, 2025. The interest rate is 12...

A: Given: Amount of six month note=$364000Interest rate =12% p.a.

Q: Inventory Costing Methods-Perpetual Method  The Gleem Sales Corporation uses the perpetual inventory...

A: The question is based on the concept of cost accounting

Q: Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows fo...

A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise. ...

Q: Answer please.it's an accounting question.it would be really helpful. surely will upvote

A: Cash Discount - It is a type of discount that is provided by the seller to the purchaser if the amou...

Q: Statement of profit or loss and other comprehensive income 9. Which of the following is not an accep...

A: Option c is the answer. Financial statements show true and fair view of financial performance only i...

Q: . Energy costs for a green chemical treatment have been increasing uniformly for 5 years. If the cos...

A: Formula: Future value = Year 1 cost + yearly increased amount ( PV factor @ Interest rate , periods)

Q: Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly sala...

A: In the given case, Jordan Barrett has a monthly salary of $12,900, he is single and claims 1 deducti...

Q: Total production costs and output over three periods have been: Period Production costs Output 1 GHS...

A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this meth...

Q: Bridgeport Corporation has outstanding 10,700 shares of $100 par value, 6% preferred stock and 65,50...

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share...

Q: Department S had no work in process at the beginning of the period. It added 10,000 units of direct ...

A:

Q: The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's pr...

A: Budgeted production estimates are very useful in planning. Following is the estimation for the given...

Q: Which of the following is not a true statement about capacity?

A: Answer:

Q: How to calculate FIT on payroll register? What is the equation or numbers I am supposed to use to fi...

A: Before calculating payroll taxes, the employees will need to complete these new employee documents, ...

Q: ate the table factor, the fina charge, and the monthly payment (In $) for the loan by using the APR ...

A:

Q: Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: F...

A: Factory Overhead-: Factory overhead is the expenses occurring during the manufacturing procedure, no...

Q: Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1...

A: Profit Margin = Net profit / Sales or , Profit Margin = (Net profit / Total assets ) * ( Total asset...

Q: The Nelson Company has $1,248,000 in current assets and $480,000 in current liabilities. Its initial...

A: Quick ratio= [current assets -inventory]÷current liabilities Current ratio =  Current asset/current ...

Q: If the sale price is 30% more than costs, and the profit for each sold unit is GHS 120, the cost pri...

A: Cost price per unit = Profit / Profit % of cost

Q: The Accounts Payable account of Waterford, Inc. has the following postings: Accounts Pay able 17,000...

A: Accounts payable is a liability of the business. This account is credited when we make any purchase ...