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Puntos Bono Para Primer Examen
ACCT3055
Y00637986
Carlos A. Gonzalez Medina
1.
S. A. O. (2018, March 23). La contabilidad de Costos. YouTube. https://www.youtube.com/watch?v=yd5dY1YxbKI
El video de Santander de la contabilidad de costos brinda una manera sencilla de comprender lo que son los términos dentro de esta rama de contabilidad. Incluyendo los diferentes tipos de costos que estuvieron en el examen y fue gran parte del material
del módulo 1. Siendo animado, ayuda a la retención y poder consumir conceptos que son nuevos para mí con facilidad, ya que no me aglomera con números ni definiciones extensas que no ayudan en la comprensión de un concepto nuevo. 2.
E. Y. S. (2017, May 8). Costo de los artículos manufacturados y de operaciones-
Costo total de operaciones. YouTube. https://www.youtube.com/watch?
v=8b34YLDOPrY
Cuando me toco realizar el reporte de costos de bienes manufacturados, este video me
brindo una sesión uno a uno con un profesor dándome la lección bien parecida a un salón de clases. Pude comprender el orden de los montos que se debían escribir en el
reporte, y a la vez un orden el cual seguir cuando no sabía por dónde comenzar el reporte. 3.
C. E. P. C. (2020, May 9). ESTADO DE COSTO DE PRODUCCIÓN Y ESTADO DE RESULTADOS. YouTube. https://www.youtube.com/watch?v=I9ZkqoiCQ94
Este video con relación a la asignación del primer módulo, me ayudo también a poder organizarme. También ver como una persona con experiencia trabaja un ejercicio que fue bien parecido al de la asignación, lo que me ayudo a crear un proceso de trabajo y organizarlo en Excel utilizando las fórmulas que brinda el video. 4.
C. C. (2021, March 10). Contabilidad de costos CLASE 1 | Curso gratis para principiantes | Definiciones y conceptos. YouTube. https://www.youtube.com/watch?v=rqpjFPRxjUY
Esta sesión es más parecido a lo que es una clase empezando de Zero, al ser mi primer curso de contabilidad en años desde que deje de estudiar en la UPR, necesitaba
retomar conceptos a la vez familiarizarlos con lo que el curso brinda.
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Que opina del siguiente enunciado:
La Contabilidad es una ciencia social que garantiza el funcionamiento de la empresa, genera conocimientos conexos entre la economía y las finanzas, cuantifica el patrimonio público o privado, determina las pérdidas y ganancias de las personas naturales y jurídicas y precisa las responsabilidades de los contribuyentes.
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$36,000.
$7.200
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A Company uses a job order costing system and allocates its manufacturing overhead costs based on direct labor costs. The Company's
production costs for the year were: direct labor, $80,000; direct materials, $40,000; and factory overhead applied $20,000. The
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O a. 4%.
O b. 50%.
Oc 200%.
O d. 25%.
O e. 400.%.
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Work In
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OMR 8,450 OMR
61,880
Direct materials
OMR 3,440…
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December 31, 2022
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Accounts receivable (net)
340,000
Inventory (at lower-of-average-cost-or-net realizable value)
401,000
Trading securities-at cost (fair value €120,000)
140,000…
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OMR
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OMR 18,000
OMR
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Finished Goods Inventory
OMR 30,000
OMR
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Raw materials purchases
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Direct labor
OMR
75,000
Manufacturing overhead applied
OMR
85,000
Manufacturing overhead Actual
OMR
80,000
Indirect materials
OMR
Compute the adjusted cost of goods sold.
O a. OMR 257,000
O b. OMR 247,000
Oc.
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O d. OMR 258,000
O e. OMR 252,000
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Ch12 Homework
Question 17 of 20
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Elkins and Landry are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were:
Elkins, $149000 and Landry, $116000. On that date, they agree to admit Neumark as a partner with a one-third capital interest. If
Neumark invests $98000 in the partnership, what is Landry's capital balance after Neumark's admittance?
O $121000
O $104800
O $116000
O $106800
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[The following information applies to the questions displayed below.]
Lewis and Laurie are married and jointly own a home valued at $248.000. They recently paid off the mortgage on their
home. The couple borrowed money from the local credit union in January of 2019. How much interest may the couple
deduct in each of the following alternative situations? (Assume they itemize deductions no matter the amount of interest)
(Leave no answer blank. Enter zero if applicable.)
b. The couple borrows $126,000. and the loan is secured by their home. The credit union calls the loan a "home equity loan." Lewis
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Exercise 10-13 a1-a2 (Part Level Submission) (Video)
Gill Company, organized in 2020, has the following transactions related to intangible assets.
1/2/20
Purchased patent (7-year life)
$595,000
4/1/20
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360,000
7/1/20
10-year franchise
480,000
9/1/20
Research and development costs
185,000
- (a1)
Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2020, recording any necessary amortization. (Credit
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select "No Entry" for the account titles and enter 0…
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The balance on a credit card, that charges a 10.5%
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finance charge = $ [?]
Round to the nearest hundredth.
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Expressive Youths is a non-profit youth club in the Corporate Area that engages its members in
the buying and selling of paintings that are sold to public to provide income for the club. For the
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information in relation to the club's activities:
Payments
Electricity
Purchase of television
Purchase of paintings
Refreshments, etc.
Stipend for clerk
Stationery
2$
120,000 subscription
60,000 Sale of paintings
320,000 Refreshment, etc. sale
Receipts
300,000
800,000
600,000
280,000
Donations
250,000
200,000
96,000 Other activities
50,000
I.
Additional Information:
()
On January 1, 2020 the club had paintings valued at $350,000., while subscription in
arrears at that date was $15,000
On December 31, 2020 the club owed $25,000 for electricity, while $10,000 was paid
for stationery that was to be…
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Inventories (LO 3.2)
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Lawrence owns a small candy store that sells one type of candy. His beginning inventory of candy was made up of 10,000 boxes costing $1.50 per
box ($15,000), and he made the following purchases of candy during the year:
March 11
August 15
November 20
Ending inventory.
Cost of goods sold
Feedback
At the end of
the year, Lawrence's inventory consisted of 16,000 boxes of candy.
a. Calculate Lawrence's ending inventory and cost of goods sold using the FIFO inventory valuation method.
6
10,000 boxes at $1.55
20,000 boxes at $1.65
10,000 boxes at $1.70
b. Calculate Lawrence's ending inventory and cost of goods sold…
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Equipment with an estimated market value of $29,889 is offered for sale at $48,377. The equipment is acquired for $14,472 in cash and a note payable
of $21,295 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is
Oa. $35,767
Ob. $44,361
Oc. $29,889
Od. $14,472
Next
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3:37 AM
5/9/2022
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Conduct the below exercise
Step-1: Click the link
The student can use any of the below links to download the same
a) https://www.imf.org/-
/media/Files/Publications/WEO/2021/Update/January/English/data/WEOJan2021updat
e.ashx
b) https://www.imf.org/en/Publications/WEO/Issues/2021/01/26/2021-world-economicoutlook-
update
(And click on download data)
Step-2: Answer the below questions
What do you understand by Real GDP? What is the Real GDP Growth Rate of India and
China in 2019? What is the estimated real GDP growth rate of India and China in 2020?
What is the projected real GDP growth rate of India and China in 2021 and 2022?
What is the estimated 2022 GDP Loss (in percentage) in comparison to pre-covid levels
(January 2020 forecast) in China and Other Emerging Economies in Asia other than
China?
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Thank you
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Please refer to screenshots for question
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make journal entries for recording interest income and interest received and recognition of FV at dec31, 2023, 2024, and 2025.
the entries should be:
to record interest collected (3 lines)
to record Fair value adjustment
to record interest collected (3 lines)
to record Fair value adjustment
to record interest collected (3 lines)
to record gain or loss
Dont use AI Tools. Thank you
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1
Eastern Manufacturing is involved with several situations that possibly involve contingencies. Each is described below. Eastern's fiscal
year ends December 31, and the 2021 financial statements are issued on March 15, 2022.
a. Eastern is involved in a lawsuit resulting from a dispute with a supplier. On February 3, 2022, judgment was rendered against
Eastern in the amount of $116 million plus interest, a total of $131 million. Eastern plans to appeal the judgment and is unable to
predict its outcome though it is not expected to have a material adverse effect on the company.
b. In November 2020, the State of Nevada filed suit against Eastern, seeking civil penalties and injunctive relief for violations of
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https://docs.google.com/forms/d/e/1FAlpQLSXorlaxIMYwWjdrexbNIB0F6zOshlaGsSzvcHy9vKm0jUnAg/formResponseipli=1
Income Statement: The income statement of Taco Bell company is given for the
years 2020 & 2019.
2020
2019
General and administrative expenses
25,000
24,000
Interest expense
1,200
1.500
Net sales
$124,000
$138 000
12,720
11,880
$1,109 5
108.000
Selling expenses
Income taxes
1,883
95,000
COGS
450
600
Gain on Sale of land
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
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A2 Fall 2021-2022
OFIN445 Ch. 1-5 Flashcards | Quizt x
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Required
Income Statement: The income statement of Fairoz store Inc. is given for the
years 2020 & 2019.
2020
2019
General and administrative expenses
21,600
24,000
Interest expense
1,500
1,500
Net sales
$136,400
$138,000
11,660
12,720
Selling Expense
$1,023.0
5,230
Income taxes
99,000
95,000
COGS
770
450
Gain on Sale of land
1. What is the operating profit margin for the company over the years 2020 and
2019 respectively?
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Computation and Calculation on how they get
- Interest Received
- Interest Income
- Discount Amortization
- Carrying Amount
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issis.com/FEL X - Unit Activity: Mathematical Mo x +
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nit Activity: Mathematical Models and Consumer Finance
Task 7
Financing Transportation
Respond to each question below in two to three complete sentences. Each question is worth four points.
Space used (includes formatting): 0/15000
Part A
Lydia makes a down payment of $1,600 on a $11,000 car loan. How much of the purchase price will the interest be calculated
on? Explain how you arrived at the final answer.
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Question 1 of 12
X Your answer is incorrect.
Prepaid Insurance
Equipment
Accumulated Depreciation
1.
The trial balance of Cullumber Fitness shows the following balances for selected accounts on November 30, 2022:
2.
3.
4.
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87,552
14,976
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$12,800 Unearned Fitness Revenue $29,184
Note Payable
Rent Receivable
40,800
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Using the additional information given below, prepare the appropriate monthly adjusting entries at November 30. (Use Fitness
Revenue instead of Service Revenue.) (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles
and enter O for the amounts.)
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Revenue earned for fitness center fees, but not yet billed, totaled $3,456 on November 30.
The note payable…
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0:30:28 ll
Sur Travel Company intends to sell its customers a special round-trip airline ticket package to Salalah. The Company will
be able to purchase the package from Oman Air for OMR 150 each. The round-trip tickets will be sold for OMR 250
each and the airline intends to reimburse Sur Travel for any unsold ticket packages. Fixed costs for Sur Travel include
?OMR 5,000 in advertising costs.How many ticket packages will Sur Travel need to sell to break even
packages 34 a O
packages 20 .b O
packages 50 .c
packages 13 d
For XYZ Company, how many units of their product would have to be sold to yield a target operating income of
$100,000 for the financial year ending 2021
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icerca
Dashboard
My courses
Which of these is an allowable cost of an asset under IAS 16?
1. Professional fees
2. General overheads
3. Cost of site preparation
4. Initial operating losses
5. Administration expenses
6. Decommissioning costs
O a.
1, 3 and 6
O b. 1, 3 and 5
O c. 1, 2 and 6
O d. 1, 2 and 4
O
Financial Reporting (level 5) (2022_23)
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- Que opina del siguiente enunciado: La Contabilidad es una ciencia social que garantiza el funcionamiento de la empresa, genera conocimientos conexos entre la economía y las finanzas, cuantifica el patrimonio público o privado, determina las pérdidas y ganancias de las personas naturales y jurídicas y precisa las responsabilidades de los contribuyentes.arrow_forwardmp?attempt=1764992&cmid%3875183&page=D12 الم صيرة بلحه u io a https://alternativet 4 SQUCOFFEE - Goog. B BCOM2911-Busines.. O Sultan Caboos Univ. O Trading Platfom ACADEMIC) E-LEARNING SERVICES SQU LIBRARIES SQU PORTAL ATTENDANCE lanagerial Accounting - Spring21 e / My courses / ACCT2121 yasserg Spring21/ Midterm Exam One / Midterm Exam One stion The adjustment of overapplied manufacturing overhead cost results in all the following, EXCEPT: O a. decrease in net operating income. ed O b. increase in net operating income. out of Oc. decrease in cost of goods sold O d. none of the given answers stion XYZ Company had the following information for the year: red Direct materials used OMR 110,000 dout of Direct labor incurred (5,000 hours) OMR 150,000 Actual manufacturing overhead incurred OMR 166,000 on The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventc an ending Work in Process Inventory balance of OMR 17,000. What was cost…arrow_forward252P%252Fims.mhe etflix * 192.168.23.72/Ed.. * https://ee.dde.pr.. M Gmail YouTube Maps Traducir Se eSartaFe Iricizar s. DE Sist Term, Chapters 1-7 BAved. TB MC Qu. 7-139 Berry Co. purchases a patent on January 1, 2021... Berry Co. purchases a patent on January 1, 2021, for $36,000 and the patent has an expected useful Berry Co. uses the straight-line method, what is the amortization expense for the year ended Decem Multiple Cholce $14,400. $36,000. $7.200arrow_forward
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