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    Adjusting Entry for Unearned Revenue

    Prepare the adjusting entry in journal form: Attached --- E3: Green Mountain Company of Montpelier, Vermont, publishes a monthly magazine featuring local restaurant reviews and upcoming social, cultural, and sporting events. Subscribers pay for subscriptions either one year or two years in advance. Cash received from subscri

    Need help with the following questions:

    Circle the best answer: 7. Equipment was purchased for $100,000 and has a book value of $44,000 and a depreciable cost of $76,000. The estimated salvage value is a. $44,000. b. $56,000. c. $32,000. d. $24,000. 8. Anway Company has total cash register receipts of $7,980. This total includes a 5% sales tax. The

    Shula Company accounting transactions for Disposal Entries

    Prepare the necessary journal entries to record the following transactions in 2003 for Shula Company. March 1 Exchanged old store equipment and $80,000 cash for new store equipment. The old store equipment originally cost $96,000 and had a book value of $64,000 on the date of exchange. The old store equipment had a fair marke

    Warranty liability

    What questions might you want answered to assist you believing that estimation of warranty liability is a science and not a number that management can estimate? What do you think a company should do if the new product is having greater than anticipated warranty expenses?

    Accounting for Franchise, Patents, and Trade Name

    P12-3 (Accounting for Franchise, Patents, and Trade Name) Information concerning Haerhpin Corporation's intangible assets is as follows. 1. On January 1, 2004, Haerhpin signed an agreement to operate as a franchisee of Hsian Copy Service, Inc. for an initial franchise fee of $75,000. Of this amount, $15,000 was paid when the

    Set up T account and record each transaction

    A6). Set up T account and record each transaction. Determine the balance of the account. May 2 - Norman started a computer programming business; Norman's programming Service, by investing $5,000 May 5 - Purchased a computer for $2,500 in cash May 7 - purchased supplies on credit for $300 May 19 - received cash for programm

    Financial Probabilities-Rate of return

    Case Study#2 The XYZ Company Katharine Rally is the vice president of operations for the XYZ Company. She oversees operations at a plant that manufactures components for hydraulic systems. Katharine is concerned about the plant's present production capability. She has reduced the decision situation to three alternatives

    The fundamental accounting equation can be applied to your personal finances. For each of the following transactions, show how the accounting equation would be kept in balance. Example:

    The fundamental accounting equation can be applied to your personal finances. For each of the following transactions, show how the accounting equation would be kept in balance. Example: Paid for semester's tuition (decrease assets: cash account; decrease owners' equity: expense account increases). 1. Took out a school lo

    Network flow models

    (See attached file for full problem description) Using excel, please solve the following: Frieda Millstone and her family live in Roanoke, VA and they are planning an auto vacation across Virginia, their ultimate destination being Washington DC. The family has developed the following network of possible routes and cities

    Fixed and Variable Costs

    A production analyst evaluates different levels of automation for quality control inspection of whole-kernel cut corn. Option 1 is to assign a number of employees along the conveyor belt to inspect the corn kernels manually as they go by and pick out small and off-colored kernels. Option 2 involves using fewer employees who only

    Are they simply paying too much for the acquired corporation?

    Many corporate acquisitions result in losses to the acquiring firms' stockholders. Accordingly, why do firms purchase other corporations? Are they simply paying too much for the acquired corporation? A co-worker asks your opinion. Specifically state the reasons for your argument.

    Financial control - Deer Valley Lodge

    Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairlifts. Suppose that one lift costs $2 million, and preparing the slope and installing the lift costs another $1.3 million. The lift will allow 300 additional skiers on the slopes, but there are only 40 days a year when the

    Earnings Surprise

    A. Define "Earnings Surprise" b. One measure for expected earnings this quarter (t) could be earnings for the same quarter last year (t-4). List some of the disadvantages to using this measure. c. Suggest a better measure for expected earnings.

    Accounting Transactions

    Problem 3-4A On April 1, 2005, Jennifer Stafford created a new travel agency, See-It-Now Travel. The following transactions occurred during the company's first month: (See attached file for full problem description)

    Integer Programming

    Using excel, please solve the following The Skimmer Boat Company manufacturer's three kinds of molded fiberglass recreational boats-a bass fishing boat, a ski boat, and a speedboat. The profit for a bass boat is $20,500, the profit for a ski boat is $12,000, and the profit for a speedboat is $22,300. The company believes it

    Income and Break-Even Calculations

    Foster Company manufactures a line of cookware that is sold in kitchen supply stores. The company's controller, Mary Smith, has just received the sales forecast for the coming year for Foster's three products: frying pans, Cutting Knives, and Expresso Machines. Foster has experienced considerable variations in sales volumes and

    Accounting Equation

    On the list below, describe a transaction that would have the required effect on the elements of the accounting equation. 1. increase one asset and decrease another asset. 2. Decrease an asset and decrease a liability. 3. Increase an asset and increase a liability.

    Production Cost Report Problem

    I need help in doing this production Cost Report in this type of format. The following is the production and manufacturing data for April 2005.  There is no beginning work in process. The Production: 12,000 units finished and transferred out; 3000 units started that are 100% complete as to materials and 40% complete as

    Production Cost Report

    I need help in preparing a production cost report. The following is the production and manufacturing data for April 2005. The Production: 12,000 units finished and transferred out; 3000 units started that are 100% complete as to materials and 40% complete as to conversion costs. Manufacturing Costs: Materials $36,

    Merchandising

    Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases..................... E250,000 Freight In.................. E8,000 Sales discounts............. 4,000 Purchase returns........ 7,000 Inventory Sales...............

    Master's Question - Managerial Accounting

    Use the following to answer questions 1-4: Solo Company is a small merchandising firm. During the next month, the company expects to sell 500 units. The company has the following revenue and cost structure: Selling price per unit $60 Cost per unit $15 Sales com

    Accounting Equations/Business Transactions

    For each of the following items, give an example of a business transaction that has the described effect on the accounting equation: · Increase an asset and increase a liability. · Increase one asset and decrease another asset. · Decrease an asset and decrease owner's equity. · Decrease an asset and decrease a liabili

    Masters Question - Managerial Accounting

    Birney Company has prepared the following budget data: Sales 150,000 units Selling Price $25 per unit Variable expenses $15 per unit Fixed manufacturing expenses $800,000 F

    Converting fixed costs to variable costs

    A member of your team emailed you and stated that she believes Claire's Antiques should work to convert the fixed costs to variable costs. However, she wants to know if this is a good idea. Why or why not? If not, then when would it be a good idea? Reply to your friend with the answers to her questions. In your reply, identify t

    The individual portion of this assignment is for each person

    The individual portion of this assignment is for each person to produce his/her own solution to the following. That's where I need your help! Claire's Antiques has fixed cost of $75,000 per month. Each antique has the following identifiable sales price, variable material costs, and fixed monthly costs, respectively. Sale

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