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    Accounting Assignment for course in Business Administration

    ASSIGNMENT FOR ACCOUNTING COURSE in Business Administration. Please see attachment file below. Tried to get answer/assistance from Justanswer.com but to NO avail. Still Need assistnce with the assignment even though it's past due. Can you still help, assignment still needs to be addressed by the end of this week. I have attached

    Financial reporting purposes and tax reporting purposes

    42. Dodger Corporation reported a loss for both financial reporting purposes and tax reporting purposes of $231,000 in 2011. For financial reporting purposes, Dodger reported income before taxes for years 2008-2010 as listed below: 2008 ............................ $ 66,000 2009 ............................ 99,000 2010 ...

    Survey Method Attitudes and Exhibits

    A museum of arts in a large city wants to conduct a study of museum patrons' attitudes concerning its collection of exhibits. What survey method would you suggest? Why?

    Business Investment

    Cindy invested $200,000 into a business that earned a profit of $2,700 during the past month. Cindy believes the business will earn an annual profit equal to 12 times the monthly profit. Assume Cindy wants to take $25,000 from the business each year for her personal use. See table: Resources created from sales: $19,000 R


    The balance sheet of David Luza Corporation contains the following information in its equity section: Stockholders' equity Common stock, $10 par value, 1,000,000 shares authorized and issued and outstanding $10,000,000 additional paid-in capital 8,000,000 retained ear

    Kenyon's overhead arises because of various activities

    Kenyon Company produces two products (F56 and F57), applying manufacturing overhead on the basis of direct labor hours. Anticipated unit production costs (material, labor, and overhead) and manufacturing volumes are: F56: 2,000 units, $234 F57: 3,500 units, $271 Kenyon's overhead arises because of various activ

    Activity-based overhead rates

    I have a problem that I need help with. I need to compute the activity-based overhead rates for 4 cost pools. Stereo City Co. manufactures speakers and receivers and uses activity-based costing. The following information is available: Instructions: Compute the activity-based overhead rates. Expected Use of Cost Driver

    Gross Profit Method: Eastman Company

    I am lost on this and I need your help... Please put in excel. Thank you. ------------------------------ Eastman Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following. Inventory (beginning) $80,000 Purchases

    Purchases recorded gross and net

    Some of the transactions of Torres Company during August are listed below. Torres uses the periodic inventory method. August 10 Purchased merchandise on account,$12,000, terms 2/10, n/30. 13 Returned part of the purchase of August 10, $1,200, and received credit on account. 15 Purchased merchandise on account,

    Efficient Markets

    You must complete the activity in class materials to complete this assignment. Go to course materials, click on Unit 3 tab, click on view unit, click on the activity button, and follow the directions in the activity. After completion of the activity answer the following question: 1-How do you think the efficient market hypot

    Absorption Income versus Contribution Margin Income: Example

    The background materials present the computations for both gross profit on sales and contribution margin. Can you give specific benefits to be derived from using the information from computing gross profit on sales as opposed to contribution margin? Is net income always going to be the same regardless of the accounting approach?

    Computation of Ending Retained Earnings

    Please help with the following accounting problem. For the following four cases, compute the ending amount of retained earnings. Provide step by step calculations. Caution: Not all of the items listed should be included in the computation of ending retained earnings. Case A Case B Case C Case D Cost of goods sold

    Spot Rate for XYZ (ABC) Corporation

    XYZ Corp, a US based importer, makes a purchase of crystal glassware from a firm in Switzerland for 39,960 Swiss francs or $24,000, at the spot rate of 1.665 francs per dollar. The terms of the purchase are net 90 days, and the US firm wants to cover this trade payable with a forward market hedge to eliminate its exchange rate r

    Maturity Value - Gain or Loss

    Benjamin Company had bonds outstanding with a maturity value of $1,500,000. On June 30, 2010, when these bonds had an unamortized premium of $21,000, they were called in at 103. To pay for these bonds, Benjamin had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 20 years. Th

    Workers creating the standards

    Do you agree that the changes that needed to be made were probably done in a more timely manner with the workers creating the standards?

    Accounting for Property, Plant, and Equipment

    Among the principal topics related to the accounting for the property, plant, and equipment of a company are acquisitions and retirements. a. What expenditures should be capitalized when equipment is acquired for cash? b. Assume the market value of equipment is not determinable by reference to a similar purchase for cash. D

    The Effect of Accounting Transactions on Liquidity Ratios

    The Lux Company experiences the following unrelated events and transactions during Year 1. The company's existing current ratio is 2:1 and its quick ratio is 1.2:1. 1. Lux wrote off $5,000 of accounts receivable as uncollectible. 2. A bank notifies Lux that a customer's check for $411 is returned marked insufficient funds.

    Perpetual Accounting

    How do you journalize entries? 14 Purchased Merchandise for cash $3,800 23 Sold merchandise for cash $6,400. Merchandise sold had a cost of $5,120 26 Purchased merchandis for cash $2,300 29 Made refunds to cash customers for defective merchandise $90. The return had a scrap value of $30 30 Sold merchandise on account $3,

    Inventoriable costs for Garza Company

    In your audit of Garza Company, you find that a physical inventory on December 31, 2010, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items were all excluded from the $441,000. 1. Merchandise of $61,000 which is held by Garza on consignment. The consignor is the Bontemps

    Calculate variances, prepare reports, calculate cash receipts and more...

    Various problems that I need assistance with are down below... Thanks again! ------------------- 1.) Production and purchases budgets of Osage Inc. has actual sales for June and July and forecast sales for August, September, October, and November as follows: Actual: June 4,150 units July 4,350 units Forec

    Information in Cash Records for Ankors Inc.

    Can you help me get started with this assignment? Ankors Inc shows the following information in its cash records: June 30th bank reconciliation: Balance per bank $26,746 Add deposits in transit 2,100 Deduct outstanding checks (3,800) Balance

    Reggie White, Jack the Treasurer, Cash Manager Ken

    (1) Reggie White, a corporate treasurer, is trying to decide which two 1-year securities to purchase: a negotiable CD with nominal yield of 6 percent or a municipal security with a nominal yield of 4.5 percent. The issuing municipality is not in the same state as Reggie's company, but he recognizes the muni's interest is exempt

    Tax Issues

    Let me pose an issue to you. Say you are working as an accountant reporting to the corporate controller. You research some tax issue for him and come to a reasonable conclusion based on the facts you have researched. After your boss reviews your work, he comes back to you with a great idea on how to reduce taxes. However, his i