3 Accounting Questions On January 9, 2010, Swifty Delivery Service purchased a truck at cost of $67,000. Before placing the truck in service, Swifty spent $2,200 painting it, $500 replacing tires, and $5,000 overhauling the engine. The truck should remain in service for 6 years and have a residual value of $14,700. The truck’s annual […]
Ethical Issue: Reclassification of Receivables Assignment 2: Ethical Issue: Reclassification of Receivables Respond to the following ethical issue concerning the reclassification of receivables in your initial post: Moss Exports is having a bad year. Net income is only $60,000. Also, two important overseas customers are falling behind in their payments to Moss, and Moss’s accounts […]
. Comprehensive budgeting ACC 206 Week 4 Assignment Please complete the following exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission […]
Dimitri Company_Inventory _Solution Dimitri Company, a manufacturer of small tools, provided the following information from its accounting records for the year ended December 31, 2012. Inventory at December 31, 2012 (based on physical count of goods in Dimitri’s plant, at cost, on December 31, 2012) $1,530,800 Accounts payable at December 31, 2012 1,306,600 Net sales […]
Hardy Company_Computation of monthly purchase and cash payment The company plans to carry ending merchandise inventory for each month equal to 20% of the next month’s budgeted cost of good sold. All merchandise is purchased on credit, and 50% of the purchases made during a month is paid for in that month. Another 35% is […]
phone brands A For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs: There is an overall increase in income. It is discovered that there are health concerns when using cell […]
R7031business.sav File InformationA Survey of 50 CompaniesIn January ‘08, fifty customers of a l R7031business.sav File Information A Survey of 50 Companies In January ‘08, fifty customers of a lumber manufacturer were surveyed regarding their satisfaction with products and service. These customers buy from the supplier and sell to retail chains like Home Depot and […]
Reposed, Inc._Statement of Cash Flows Shown below are the comparative financial statements for Reposed, Inc. for the year ended December 31, 2013, and December 31, 2012. Reposed, Inc. Income Statement For the Period Ended December 31 2012 2011 change Sales $ 6,601,000 $ 2,402,500 $ 4,198,500 Cost of goods sold 3,960,600 1,441,500 $ 2,519,100 Gross […]
P 10-51_Bridges Wholesale Company_Journal entries and Computations Bridges Wholesale Company incurred the following costs in 2015 for a warehouse acquired on July 1, 2015, the beginning of its fiscal year: Cost of land ……. $132,000 Landscaping….. $31,000 Cost of building….. $528,000 Property tax for period prior to acquisition….. $10,000 Remodeling and repairs prior to occupancy […]
Accounting_Project_06168900 RequirementsTo begin, review the financial statements on pages 122 and127 of your textbook (Exhibits 3-4 through 3-7). Then, followingthe instructions below, complete the electronic formsprovided at the end of this file. Submission instructions aregiven the end of this project.1. Journalize the transactions. Omit explanations.2. Post the transactions to the general ledger, creating newledger accounts […]