Financial Accounting

1. value: 0.00 points The management of Kunkel Company is considering the purcha

1. value: 0.00 points The management of Kunkel Company is considering the purchase of a $44,000 machine that would reduce operating costs by $10,000 per year. At the end of the ma…

1. value: 1.00 points Required information References eBook & Resources Workshee

   1. value: 1.00 points Required information    References eBook & Resources WorksheetDifficulty: MediumLearning Objective: 08-5 Check my work 2. value: 1.00 points Required …

1. value: 10.00 points Barclay manufactures three types of stained glass window,

1. value: 10.00 points Barclay manufactures three types of stained glass window, cleverly named Products A, B, and C. Information about these products follows: Product A Product B…

1. value: 11.00 points Hi-Tek Manufacturing Inc. makes two types of industrial c

1. value: 11.00 points Hi-Tek Manufacturing Inc. makes two types of industrial component parts—the B300 and the T500. An absorption costing income statement for the most recent pe…

1. value: 11.00 points Hi-Tek Manufacturing Inc. makes two types of industrial c

1. value: 11.00 points Hi-Tek Manufacturing Inc. makes two types of industrial component parts—the B300 and the T500. An absorption costing income statement for the most recent pe…

1. value: 12.00 points Barberry, Inc., manufactures a product called Fruta. The

1. value: 12.00 points Barberry, Inc., manufactures a product called Fruta. The company uses a standard cost system and has established the following standards for one unit of Fru…

1. value: 3.33 points Problem 13-54 Budgeted Purchases and Cash Flows (LO 13-4,

1. value: 3.33 points Problem 13-54 Budgeted Purchases and Cash Flows (LO 13-4, 5, 6) Mast Corporation seeks your assistance in developing cash and other budget information for Ma…

1. value: 30.00 points Clonex Labs, Inc., uses a process costing system. The fol

1. value: 30.00 points Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: Percent Completed Units Materials Convers…

1. wally widgets provided the following information for the next 5 months: proje

1. wally widgets provided the following information for the next 5 months: projected sales for april $10,000, may $12,000, june $15,000, july $13,000, august $14,000. all sales ar…

1. what amount of interest expense has accrued on the bank loan? 2. .by what amo

1. what amount of interest expense has accrued on the bank loan? 2. .by what amount will the book value of the office equipment decline after the appropriate December adjustment i…

1. what is the cost of good sold? 2. what is yhe journal entry to record the com

1. what is the cost of good sold? 2. what is yhe journal entry to record the completion of jobs 102 and 103? 3. what is the journal entry to record the sale of jobs 102 and 103 on…

1. what is the different journal and journal voucher 2. the scope of decision in

1. what is the different journal and journal voucher 2. the scope of decision in fhe strategic planning level is .. 3. the frequency of decision taken in operation control level i…

1. what is the different journal and journal voucher 2. the scope of decision in

1. what is the different journal and journal voucher 2. the scope of decision in fhe strategic planning level is .. 3. the frequency of decision taken in operation control level i…

1. what is the price-earnings ratio for the home depot for 2017,2016,2015,2014 2

1. what is the price-earnings ratio for the home depot for 2017,2016,2015,2014 2. what is the price-earnings ratio for Lowes for 2017,2016,2015,2014. 3.what is the dividend yield …

1. when allocating joint costs, Wolstein calculates the final sales value of the

1. when allocating joint costs, Wolstein calculates the final sales value of the various products manufactued and substracted appropraite separable costs. The company is using the…

1. when an economy is open to trade, the relative proce of a good is determined

1. when an economy is open to trade, the relative proce of a good is determined by the a.. supply and demand for the world b. relative supply and demand for that economy c. relati…

1. when job order costing is used the primary to focal point are cost accumulati

1. when job order costing is used the primary to focal point are cost accumulation is the a) department b) supervisor C) item d) job 2. in a normal cost system a debit to wip inve…

1. when using the internal rate of return method to evaluate capital spending on

1. when using the internal rate of return method to evaluate capital spending on a new project, the project will be accepted if the internal rate of return is equal to or greater …

1. which of the following debt management ratios is the most inclusive for measu

1. which of the following debt management ratios is the most inclusive for measuring the degree to which a company relies on outsiders for financing? a. Non-current debt-to-total …

1. which of the following is not characteristic of a corporation? A. the financi

1. which of the following is not characteristic of a corporation? A. the financial loss that a stockholder may suffer from owning stock in a public company is limited to the amoun…

1. why are ratios used to analyze the financial statements of organizations? 2.

1. why are ratios used to analyze the financial statements of organizations? 2. When common size ratios are prepare, each asset is compared to (...............) and every expenses…

1. “Total compensation” includes: a. Wages and salaries and all fringe benefits

1. “Total compensation” includes: a. Wages and salaries and all fringe benefits b. Wages and salaries and public (legally mandated) fringe benefits only c. Wages and salaries and …

1. “Will the world starve?” This question was asked in the Economist and has bee

1. “Will the world starve?” This question was asked in the Economist and has been the topic of recent conferences in Washington, D.C. and in other places. According to the confere…

1. “Will the world starve?” This question was asked in the Economist and has bee

1. “Will the world starve?” This question was asked in the Economist and has been the topic of recent conferences in Washington, D.C. and in other places. According to the confere…

1.( Ignore income taxes in this problem.) You have deposited $21,618 in a specia

1.(Ignore income taxes in this problem.) You have deposited $21,618 in a special account that has a guaranteed interest rate of 18% per year. If you are willing to completely exha…

1.( T or F ) An individual who directly owns real estate and earns net rental in

1.( T or F ) An individual who directly owns real estate and earns net rental income for the tax year January 1 – December 31, 2018 will have an effective tax rate of 29.6% on it.…

1.(5 points) A company has the following unadjusted account balances at December

1.(5 points) A company has the following unadjusted account balances at December 31, of the current year; Accounts Receivable of $185,700 and Allowance for Doubtful Accounts of $1…

1.(7 points) In the Wall Bricks, Inc.’s balance sheet lists net fixed asset as $

1.(7 points) In the Wall Bricks, Inc.’s balance sheet lists net fixed asset as $18 million. The fixedassets could currently be sold for $14 million. Wall Bricks’ current balance s…

1.(a) Explain the advantages of using market capitalization as a measure of equi

1.(a) Explain the advantages of using market capitalization as a measure of equity, and then, its drawbacks. (b)Explain how looking at the ratio of total assets to total liabiliti…

1.(assume consumption levels remain unchanged) Gov. wish to gain more public app

1.(assume consumption levels remain unchanged) Gov. wish to gain more public approval and decreases personal income tax rate for all levels,replace these revenues with higher corp…

1.(assume consumption levels remain unchanged) Gov. wish to gain more public app

1.(assume consumption levels remain unchanged) Gov. wish to gain more public approval and decreases personal income tax rate for all levels,replace these revenues with higher corp…

1.) A Company issued a $100,000, 20 year bond with a stated interest rate of 6%.

1.) A Company issued a $100,000, 20 year bond with a stated interest rate of 6%. Assume interest payments are made annually. What is the selling price of the bond if the market ra…

1.) A business organized as a corporation a. Is not a separate legal entity in m

1.) A business organized as a corporation a. Is not a separate legal entity in most states b. Requires that stockholders be personally liable for the debts of the business c. Is o…

1.) A company estimates that overhead costs for the next year will be $8,420,000

1.) A company estimates that overhead costs for the next year will be $8,420,000 for indirect labor and $160,500 for factory utilities. The company uses machine hours as its overh…

1.) A company had the following results last period. What is the total cost of g

1.) A company had the following results last period. What is the total cost of goods sold? 2.) A company had the following results last period. What is the gross profit? 3.) A com…

1.) A company has sales of $40,000 and COGS of $21,000 on their primary product

1.) A company has sales of $40,000 and COGS of $21,000 on their primary product during January. A by-product, with a net sales value of $800, is produced during January as well. S…

1.) A company will usually replace a manual accounting information system with a

1.) A company will usually replace a manual accounting information system with an electronic system as the operations increase in____________ A.) Productivity B.) Complexity C.) S…

1.) A new operating system for an existing machine is expected to cost $250,000

1.) A new operating system for an existing machine is expected to cost $250,000 and have a useful life of four years. The system yields an incremental after-tax income of $72,115 …

1.) A non-profit trade association wants to assure members that their dues are b

1.) A non-profit trade association wants to assure members that their dues are being spent effectively and are not being wasted on excessive administrative costs. Which type of ac…

1.) A production department\'s output for the most recent month consisted of 10,

1.) A production department's output for the most recent month consisted of 10,000 units completed and transferred to the next stage of production and 7,000 units in ending Work i…

1.) A profit maximizing firm will shutdown and produce zero output under perfect

1.) A profit maximizing firm will shutdown and produce zero output under perfect competition if: A.Marginal revenue is less than marginal cost B.Price is higher than average varia…

1.) Actual manufacturing overhead costs incurred are as follows: direct and indi

1.) Actual manufacturing overhead costs incurred are as follows: direct and indirect wages, insurance (prepaid), rent (prepaid), depreciation, and utilities. Which of the followin…

1.) Aquatic Equipment Corporation decided to switch from the LIFO method of cost

1.) Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning of 2018. The inventory as reported at the end o…

1.) Artist Company\'s net income last year was $570,000. The company has 153,500

1.) Artist Company's net income last year was $570,000. The company has 153,500 shares of common stock and 43,400 shares of preferred stock outstanding. There was no change in the…

1.) Assume that the following two events occur at the same time . -Individuals u

1.) Assume that the following two events occur at the same time. -Individuals unexpectedly increase their retirement savings (made possible by higher income levels). -New economic…

1.) Based on the following information and the post-closing trial balance shown

1.) Based on the following information and the post-closing trial balance shown below, prepare a balance sheet in report form at December 31 of the current year. The merchandise i…

1.) Both total revenues (TR) and total costs (TC) are likely to be affected by c

1.) Both total revenues (TR) and total costs (TC) are likely to be affected by changes in the output. True or False 2.) Profit is the unit contribution margin multiplied by the nu…

1.) Briefly explain the purpose of the disclosure note on significant accounting

1.) Briefly explain the purpose of the disclosure note on significant accounting policies. Provide two examples of what might be found in this note. 2.) Briefly explain what is me…

1.) Carrie Heffernan Company purchased a delivery van on January 1, 2016, for $5

1.) Carrie Heffernan Company purchased a delivery van on January 1, 2016, for $50,000. The van was expected to remain in service 4 years (or 100,000 miles) and has a residual valu…

1.) Carrie Heffernan Company purchased a delivery van on January 1, 2016, for $5

1.) Carrie Heffernan Company purchased a delivery van on January 1, 2016, for $50,000. The van was expected to remain in service 4 years (or 100,000 miles) and has a residual valu…