Accounting-AW-Q478

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 -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-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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