Accounting-AW-Q478 Online Services
ACCOUNTING
QUESTION 1
Twin-Cities, Inc., purchased a building for $400,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000.
a.
Calculate the annual depreciation for the fir...
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Accounting
Accounting -AW-Q453
Accounting -AW-Q445
Accounting -AW-Q445 Online Services
The balances of the accounts of A company LAW at the 30/09/2014 were as follows
Cash
?
Buildings
$7500
Long term loans
$12000
Machinery
$5000
Owners Equity
?
Accounts Payable
$8200
Accounts Receivable
$17000
Opened business by investing cash of $20,00...
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Accounting-AW-Q417
Accounting-AW-Q377
Accounting-AW-Q377 Online Services
Principles of Accounting I
Quiz 3
Covering Principles of Accounting Chapters 12, 14 and Hermanson Chapters 12-13
Spring 2015 Session 4
Instructions
There are 6 tabs to this exam (including this instruction page)
There are two parts: one multiple choice ...
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Accounting-AW-Q379
Accounting-AW-Q379 Online Services
Week 4 Cash Budget Homework Assignment
You are the owner of a shop in your local mall that sells shirts. You buy your shirts from wholesalers, mark them up and sell them to the public. Below is data on your business you have collected.
Annual Sales of your business 2,000,000
All sales are...
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Accounting-AW-Q382
Accounting-AW-Q382 Online Services
on page E1, Wal-Mart 2011 fiscal year is reported under 2012 (their fiscal year ende on January 31st). Here is some additional information
1. If all else fails, it is safe to assume that all sales were on account. But do not combine net sales with any other revenue accounts.
2. Do not use "net interest" for interes...
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Accounting -AW-Q390
Accounting -AW-Q390 Online Services
Question One: Product Costing
ASR Group of Companies Ltd has four categories of overheads. The four categories and the expected overhead costs for each category for next year are as follows
Maintenance $150,000
Materials handling 70,000
Set-ups 60,000
Inspection 100,000
Currently, overheads are ap...
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Accounting-AW-Q363
Accounting-AW-Q363 Online Services
1. A company with a break-even point at $900,000 in sales revenue had fixed costs of $225,000. When actual sales were $1,000,000 variable costs were $750,000. Determine (a) margin of safety expressed in dollars, (b) the margin of safety expressed as a percentage of sales, (c) the contribution margin ratio, and (d) the operat...
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Accounting -AW-Q356
Accounting -AW-Q356 Online Services
Principles of Accounting I: BUS 201
Group Project Instructions
• Projects grades will be based on correctness and completeness.
• Each group (up to five people in a group) writes up and turns in the project BEFORE the class on the
On each project, please write the following in the upper right corner: y...
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