Administrative Expenses include:
Q: 4. Which of the following is not an advantage of the corporate form of business organization? A.…
A: Lets understand the basics. Corporate form of organizations are different as compare to sole trade…
Q: On March 1, Eckert and Kelley formed a partnership. Eckert contributed $75,000 cash, and Kelley…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: When closing income statement accounts having debit balances, which of the following accounts will…
A: Income statement accounts are temporary in nature and these are to be closed at the end of the year.…
Q: Mindful Corporation sells merchandise on account for $5,000 to Absent Corporation with credit terms…
A: Formula: Cash discount amount = Net sales x Discount rate
Q: Required information (The following information applies to the questions displayed below.) At the…
A: Depreciation is an accounting technique for distributing a tangible or fixed asset's cost over its…
Q: one of the criticism of the positive ac
A: Positive accounting theory makes an attempt to make the predictions that are good for the company…
Q: chased vears, with an $24,000 residual value. Tiltor Year 7, Tilton Products sells this machinery…
A: The Answer to the above given case will be option a) A $ 6000 loss in both the company financial…
Q: Rosie's Company has three products, P1, P2, and P3. The maximum Rosie's can sell is 85,000 units of…
A: Limiting factor is a constraint which limits the production level based on the shortage of the…
Q: ear 1, Réése Incorporated issued bonds with a face value of $230,000, a stated rate of interest of 8…
A: a. Amortization Schedule Cashpayment Interestexpense Premiumamortization Carryingvalue Jan…
Q: 1- Prepare a Manufacturing account for the year ended 31 December 2017 2- Prepare a Trading account…
A: Manufacturing account shows total costs which are incurred directly for production and manufacturing…
Q: On January 1, 2021, Fisher Corporation paid $2,427 appropriately applied the equity method for its…
A: An Income statement shows the financial position of the company It is an important statement that…
Q: Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the…
A: Journal entries are the primary step to record transactions in the books of accounts. The debit and…
Q: The Jessica Co. has the following errors on its books as of December 31, 2020. The books for 2020…
A: Journal entries, we make in our business either economic or non economics, it helps to keep records…
Q: PROBLEM 11-21 Return on Investment (ROI) and Residual Income LO11-1, LO11-2 "I know headquarters…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: In terms of economic size, the country, which is a large country, is in the state of food (F) export…
A: Answer:- Import meaning:- A import can be defined as a product or service purchased in one nation…
Q: att's Eat 'N Run has two categories of direct labor: unskilled, which costs $17 per hour, and…
A:
Q: Algoe expects to invest $2,500 annually for 15 years to yield an accumulated value of $67,880.25 on…
A: Interest Rate: For the usage of assets, a lender will charge an additional sum on top of the loan in…
Q: Nichols Enterprises has an investment in 27,000 bonds of Elliott Electronics that Nichols accounts…
A: There are three categories into which investments are classified 1. Held for trading 2. Held to…
Q: a company uses process costing, weighted-average method in its production. if the equivalent units…
A: The equivalent units are calculated on the basis of percentage of the work completed during the…
Q: 10. David Debit has performed 5700 of accounting services for a client but has not yet billed the…
A: Introduction: Journals: Each and every business transactions are to be recorded in Journals.…
Q: You have the following information about Al- Farah Company: 2020: Net Sales 11,396.9, Gross profit…
A: Horizontal analysis is one of the financial statement analysis under which each item is being…
Q: Belmont Corp. is considering the purchase of a new piece of equipment. The cost savings from the…
A: Formulas:- Rate of Return = (Net benefit or loss generated by new equipment /…
Q: Balance of Ariel, Capital The trial balance for Ariel Certified Cleaners appears as follows: Ariel…
A: Note: There is no adjustment entry mentioned in the Question, hence I assume that the Trial Balance…
Q: ABC Inc purchased $9,000 inventory during the month of November from CDE Co. CDE applied a credit…
A: Formula used: Net purchases = Purchases - Purchase returns. Deduction of purchase returns value from…
Q: Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price…
A: Direct material quantity variance is the one that signifies the variation between the estimated…
Q: Which is false about cooperative BODs?
A: Board of directors of cooperative:Body entrusted with the management of the affairs of the…
Q: Leyland Realty Company received a check for $18,000 on July 1, which represents a 6-month advance…
A: Adjusting entries are those journal entries which are passed at the end of accounting period in…
Q: Bullwinkle Company owns a equipment with a cost of $365,300 and accumulated depreciation of $55,400…
A: Formulas that are used:-
Q: Please refer to the following information to answer question 12 and 13: Misra Company compiled the…
A: Lets understand the basics. There are three heads are there in the balance sheet which are explained…
Q: The payroll register of Seaside Architecture Company indicates $980 of Social Security and $254 of…
A: Salaries payable = Salaries expense -Social Security tax payable - Medicare tax payable - Employees…
Q: A. Find the optimal order quantity
A: Annual demand = 10,000 frames Cost per order = $60 Holding cost per frame cost = 20% * 25 = $5
Q: 17) The account "Notes Payable" began with a zero balance and then had the following changes:…
A: Introduction: Notes payable: Notes payable is a liability item. Which to be shown in Balance sheet.
Q: Natural Foods Inc. is planning to invest in new manufacturing equipment to make a new garden tool.…
A: Net cash flow is the amount that a company generates from a project. Net cash flow = Total cash…
Q: If a new full-time employee is paid $40,000 a year, and taxes and insurance add 20% of wages to the…
A: Wages = $40,000 Taxes and insurance = $40,000 x 20%
Q: This committee is created by the General Assembly and not by the BODs: Group of answer choices…
A: Hi student Since there are multiple questions, we will answer only first question. Ques no. 3 and 4…
Q: Exercise 11-3 (Algo) Transfer Pricing Basics [LO11-3] Sako Company’s Audio Division produces a…
A: Lowest acceptable transfer price=Variable Cost per unit+Total Contribution Margin on lost…
Q: Jennifer Corp.'s defined benefit pension plan had an amendment as of January 1, 2019, that…
A: The defined benefit pension plan is a retirement plan that helps employees save for retirement.…
Q: When would the terms of a union agreement take precedence over employment standards: O The union…
A: The union agreement must be followed when collectively taking a decision and following on all the…
Q: Maggie's Muff
A: Operating expenses component (Expenses other than the cost of goods sold) Net earnings component (…
Q: 101- Final Exam Part The Boxwood Company sells blankets for $34 each. The following was taken from…
A: Units in ending inventory = 10 - 4 + 14 - 4 - 3 + 12 = 25 units
Q: Please give me an information about : cash reciepts, capital investments, loans, interest payment,…
A: Every feild had its own terminology. Same is with Accounting. Accounting has its own terminology,…
Q: The entry to close Dividends would be a. debit Retained Earnings, $2,500, credit Dividends, $2,500…
A: The dividend is the profit distributed to the shareholders of the company on the basis of their…
Q: You have just been hired into a management position which requires the application of your budgeting…
A:
Q: Prepare the journal entry to record the sale of 1,800 units that cost $9 per unit and sold for $15…
A: Journal entries recording is the first step of accounting cycle process, under which one account is…
Q: The following information pertains to Seda Co's pension plan: Actuarial estimate of projected beneft…
A: A projected benefit obligation (PBO) is indeed an actuarial assessment of how much money a company…
Q: Demmert Manufacturing Incurred the following expenditures during the current fiscal year: annual…
A: As per IAS 16, Property plant and Equipment The cost of Equipment comprises of improvements made to…
Q: Dec. 31 Insurance Expense
A: A Journal entry is a primary entry that records the financial transactions initially. The financial…
Q: Prepare the T-Account
A:
Q: Marigold Corp. wants to sell a sufficient quantity of products to earn a profit of $100000. If the…
A: Formula: Units sell to earn desired profit = (Fixed costs + Desired income) /contribution margin…
Q: Natural Desserts has 2,500 gallons of paint in WIP inventory, with all materials already added. The…
A: Introduction:- Equivalent units are the units in production multiplied by the percentage of units…
Step by step
Solved in 3 steps
- What are operations expenses called that are considered indirect expenses like office salaries expense, depreciation--office equipment and rent expense? Group of answer choices selling expenses other expenses administrative expenses indirect expenses_____________ is devoted to providing information to the external users. a. Cost Accounting b. None c. Financial Accounting d. Management AccountingHow does the expenditure cycle in accounting help an organization manage its expenses and control costs?
- Operating expenses are comprised of the following: General and Administrative Expense, Cost of Goods Sold, Marketing and Selling Expense General and Administrative Expense, Interest Expense, Cost of Goods Sold Marketing and Selling Expense, General and Administrative Expense, Finance Costs Marketing and Selling Expense, Other IncomeFind general administrative, expenses selling expenses, and other expensesPlease select the aspect of accounting associated with the following activities 1. analyzing and interpreting reports 2. Presenting financial information 3.maintaining a log of service costs 4. Measuring the costs of a product 5. Preparing financial statements 6. Establishing revenues generated from a product 7.determining employee tasks behind a service
- how to calculate administrative expensesIndicate whether the following financial statement items apply to a manufacturer, a merchandiser, or aservice provider. Some items apply to more than one type of organization. Operating expensesThere is a relationship between cost accounting, financial accounting, and management accounting. Describe the relationship of cost accounting to financial and management accounting.
- The combination of Selling Expenses and Administrative Expenses is referred to as Select one: a. Total expenses b. Administrative expenses c. Selling expenses d. Operating Expensesfind the gross profit, general and administrative expenses, operating expensescalssify the following expenses between selling expenses and general and administrative expenses. rent salaries utilities freight out other