Financial Accounting

4-8 Part B. Additional Operating Transactions, Special Topics, and End-of-Year G

4-8 Part B. Additional Operating Transactions, Special Topics, and End-of-Year General Fund Balance Sheet. Part B continues transactions of the City of Macon's General Fund. The f…

4-9 Suppose you were comparing a discount merchandiser with a high-end merchandi

4-9 Suppose you were comparing a discount merchandiser with a high-end merchandiser. Suppose further that both companies had identical ROEs. If you applied the DuPont equation to …

4-Presented below is selected information related to Flanagan Company at Decembe

4-Presented below is selected information related to Flanagan Company at December 31, 2012. Flanagan reports financial information monthly.(15 marks) Equipment $10,000 Cash 8,000 …

4. %.00 points On December 31, January 2,2015, the company leams that authorizes

4. %.00 points On December 31, January 2,2015, the company leams that authorizes a a write-off of these accounts totaling $12,000. Extreme Fitness uses the direct writo-off mothod…

4. (10 points) (Ignore income taxes in this problem.) Axillar Beauty Products Co

4. (10 points) (Ignore income taxes in this problem.) Axillar Beauty Products Corporation is considering the production of a new conditioning shampoo which will require the purcha…

4. (10 points) (Ignore income taxes in this problem.) Axillar Beauty Products Co

4. (10 points) (Ignore income taxes in this problem.) Axillar Beauty Products Corporation is considering the production of a new conditioning shampoo which will require the purcha…

4. (10 pts) A 5-year MACRS asset was bought for $100,000, and $1500 was paid for

4. (10 pts) A 5-year MACRS asset was bought for $100,000, and $1500 was paid for delivery, $2500 for installation labor, and $5000 for site preparation. In addition, a membership …

4. (10 pts) A 5-year MACRS asset was bought for S100,000, and S1500 was paid for

4. (10 pts) A 5-year MACRS asset was bought for S100,000, and S1500 was paid for delivery S2500 for installation labor, and S5000 for site preparation. In addition, a membership i…

4. (10 pts) IQ Electronics, which assembles printed circuit boards, is consideri

4. (10 pts) IQ Electronics, which assembles printed circuit boards, is considering the purchase of a new IC chip placement machine. It has a first cost of $300,000 and is expected…

4. (15 points) Counting Services Inc. has the following portfolio of trading equ

4. (15 points) Counting Services Inc. has the following portfolio of trading equity securities at 12/31/17. All securities were purchased during 2017. Symbol # shares Total Cost M…

4. (15 points) Counting Services Inc. has the following portfolio of trading equ

4. (15 points) Counting Services Inc. has the following portfolio of trading equity securities at 12/31/17. All securities were purchased during 2017.                   Symbol    …

4. (15 points) The Fitzgerald Company maintains a checking account at the Bank o

4. (15 points) The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each …

4. (15 pts) Illinois Company has budgeted the following costs for the production

4. (15 pts) Illinois Company has budgeted the following costs for the production of its only product: Direct Materials Direct Labor Variable indirect production costs Fixed indire…

4. (15 pts) Rayon Corp. estimates it will produce 40,000 units of a part that go

4. (15 pts) Rayon Corp. estimates it will produce 40,000 units of a part that goes into its final product. It currently produces this part internally, but is considering outsourci…

4. (15 pts) The Marstall Company. has provided the following budget information

4. (15 pts) The Marstall Company. has provided the following budget information for 2011: Month Sales in Units April May June 24,000 25,000 29,000 31,000 27,000 24,000 Production …

4. (15 pts) The Marstall Company. has provided the following budget information

4. (15 pts) The Marstall Company. has provided the following budget information for 2011: Month April May June Sales in Units Production in Units25,000 27,000 24,000 24,000 29,000…

4. (2 pts each) a. You recently opened a pizza restaurant. It costs you $5 for e

4. (2 pts each) a. You recently opened a pizza restaurant. It costs you $5 for everything you need to make one pizza. If you want to sell pizzas with a 30% markup on cost, what sh…

4. (2 pts) Accrual Based Accounting: Prepaid expenses Depreciation of Fixed Asse

4. (2 pts) Accrual Based Accounting: Prepaid expenses Depreciation of Fixed Assets. Moving On, Inc. purchases a new moving truck (e.g. 'equipment') for $56,000 on October 15t, 201…

4. (20 pts) A company makes two cell phones, the SLIM and the RAZ. Assume that t

4. (20 pts) A company makes two cell phones, the SLIM and the RAZ. Assume that there are three activities that determine indirect costs and have the following cost drivers: Activi…

4. (3 points) The November 2017 payroll of Walnut Company is $4,200,000, of whic

4. (3 points) The November 2017 payroll of Walnut Company is $4,200,000, of which $560,000 is exempt from Social Security tax because it represented amounts paid to certain employ…

4. (30 points) a) Use the following information for Company X to create the Bala

4. (30 points) a) Use the following information for Company X to create the Balance Sheet and the Income Statement for 2014 . Tax rate is 30% for both 2013 and 2014, In 2013 depre…

4. (34 points) Nutt Corporation is a wholesaler of industrial goods. Data regard

4. (34 points) Nutt Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: Sales are budgeted at $300,000 for November and $400,000 for Dec…

4. (4 points) Holden Company produces three products, with costs and selling pri

4. (4 points) Holden Company produces three products, with costs and selling prices as follows: Selling price per unit Product A $30 100% Product B $20 100% Product C $15 100% Var…

4. (4 points) Problem #4 - On 4/1/X1, James Jones, Inc. purchased production mac

4. (4 points) Problem #4 - On 4/1/X1, James Jones, Inc. purchased production machinery costing $320,000. Because of recent innovations, the machinery has an estimated useful life …

4. (4 points) Problem #4 - On 4/1/X1, James Jones, Inc. purchased production mac

4. (4 points) Problem #4 - On 4/1/X1, James Jones, Inc. purchased production machinery costing $320,000. Because of recent innovations, the machinery has an estimated useful life …

4. (40 points) Journalize the following transactions and use the worksheet to pr

4. (40 points) Journalize the following transactions and use the worksheet to prepare an Adjusted Trial Balance. a)Started event business with $30,000 of personal investment and $…

4. (5 points) Complete the adjusting journal entries given the information below

4. (5 points) Complete the adjusting journal entries given the information below A. On 12/1/XX, Timeline purchased $500 of supplies. When they purchased the supplies, they did the…

4. (5 points) Complete the adjusting journal entries given the information below

4. (5 points) Complete the adjusting journal entries given the information below A. On 12/1/XX, Timeline purchased $500 of supplies. When they purchased the supplies, they did the…

4. (5 points) Hitchcock Exhibit Use the following selected date and additional i

4. (5 points) Hitchcock Exhibit Use the following selected date and additional information from the records of Hitchcock Corporation answer the question that follows. 2003 $50,000…

4. (6 points) Consider the following balance sheet for a bank (in millions) sset

4. (6 points) Consider the following balance sheet for a bank (in millions) ssets. Floating-rate mortgages (6-mon adj.) S50 30-year fixed-rate loans Demand deposits (0%) $70 $20 $…

4. (6 points) The Alpine House, Inc., is a large retailer of snow skis. The comp

4. (6 points) The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales # of pairs o…

4. (6 points) The Alpine House, Inc., is a large retailer of snow skis. The comp

4. (6 points) The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales # of pairs o…

4. (6 points) The Alpine House, Inc., is a large retailer of snow skis. The comp

4. (6 points) The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales # of pairs o…

4. (8 total points) a) (4 points) In the Tourist-Trap model that we covered in c

4. (8 total points) a) (4 points) In the Tourist-Trap model that we covered in class, what key result regarding prices is different than when consumers have complete information? …

4. (TCO 2) Information pertaining to Brenton Corporation\'s sales revenue is pre

4. (TCO 2) Information pertaining to Brenton Corporation's sales revenue is presented in the following table: February March April Cash Sales $160,000 $150,000 $120,000 Credit Sal…

4. (TCO 2) Information pertaining to Brenton Corporation\'s sales revenue is pre

4. (TCO 2) Information pertaining to Brenton Corporation's sales revenue is presented in the following table: February March April Cash Sales $160,000 $150,000 $120,000 Credit Sal…

4. (TCO 8) Motormart Company manufactures automobiles. The red car division sell

4. (TCO 8) Motormart Company manufactures automobiles. The red car division sells its red cars for $25,000 each to the general public. The red cars have manufacturing costs of $12…

4. (TCO 8) Motormart Company manufactures automobiles. The red car division sell

4. (TCO 8) Motormart Company manufactures automobiles. The red car division sells its red cars for $25,000 each to the general public. The red cars have manufacturing costs of $12…

4. (TCO A) The following data (in thousands of dollars) have been taken from the

4. (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of the Maroon Corporation for the just-completed year. Sales 1,200 Raw material…

4. (TCO B) Adjusting Entries: When the accounts of Constantine Inc. are examined

4. (TCO B) Adjusting Entries: When the accounts of Constantine Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of annual fiscal period. Th…

4. (TCO B) On December 31, 2010, Jeter Corp. had the following equity securities

4. (TCO B) On December 31, 2010, Jeter Corp. had the following equity securities that were purchased during 2010, its first year of operation: Fair Unrealized Cost Value Gain (Los…

4. (TCO C) Apple Dumpling Inc. sponsors a defined-benefit pension plan. The foll

4. (TCO C) Apple Dumpling Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013.                Service cost $320…

4. (TCO D) Grider Industries, Inc. issued $6,000,000 of 8% debentures on May 1,

4. (TCO D) Grider Industries, Inc. issued $6,000,000 of 8% debentures on May 1, 2010 and received cash totaling $5,323,577. The bonds pay interest semiannually on May 1 and Novemb…

4. (TCO D) Prepare journal entries to record the following retirement. (Show com

4. (TCO D) Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar). The December 31, 2010 balance sheet of Wolfe Co. includ…

4. (TCO D) Rosiek Corporation uses part A55 in one of its products. The company\

4. (TCO D) Rosiek Corporation uses part A55 in one of its products. The company's accounting department reports the following costs of producing the 4,000 units of the part that a…

4. (TCO E) Presented below is information related to Wyrick Company: (1.) The co

4. (TCO E) Presented below is information related to Wyrick Company: (1.) The company is granted a charter that authorizes issuance of 15,000 shares of $100 par value preferred st…

4. (TCOs 1, 3, 5) You\'ve just joined the staff of the XYZ Manufacturing Company

4. (TCOs 1, 3, 5) You've just joined the staff of the XYZ Manufacturing Company (XYZ, for short). XYZ manufactures only one product, the gizmo. It comes in two sizes, the mini-giz…

4. (a) If you will be making equal deposits into a retirement account for 10 yea

4.         (a) If you will be making equal deposits into a retirement account for 10 years (with each payment at the end of the year), how much must you deposit each year if the a…

4. (a) Studebaker is eligible to put 12,000 before-tax dollars each year into a

4. (a) Studebaker is eligible to put 12,000 before-tax dollars each year into a tax-deferred annuity (TDA). In order to invest in a TDA, however, he must have his salary reduced, …

4. (a) You buy a house today. It costs $180,000. You pay down $30,000 and financ

4. (a) You buy a house today. It costs $180,000. You pay down $30,000 and finance the balance. You get a 30 year fixed rate loan at 5%. Assume you will make annual payments of pri…