For this intro accounting class, Are there any study tips you have used in this class and past classes that were particularly effective? Are there any habits you have used in prior courses that made you more successful? Provide a habit you found that you have not used before, that you think might help you in your classes?
Q: Required Information [The following Information applies to the questions displayed below.] Hart…
A: The journal entries are prepared to record the transactions on regular basis. The variance is the…
Q: Identify each of the following production features as applying more to job order operations, to…
A: In job order operations, the production process is characterized by the creation of unique or…
Q: Pharoah Inc. owes Waterway Bank $166,000 plus $16,300 of accrued interest. The debt is a 10-year,…
A: Journal entries are made to record the transactions as the first process in the books of accounts…
Q: Newton Labs leased chronometers from Brookline Instruments on January 1, 2024. Brookline Instruments…
A: A lease is defined as a contractual agreement incorporated between two business entities where one…
Q: Which of the following costing methods allocates overhead costs based on the direct labor hours or…
A: Lets understand the basics.Overhead costs can be allocated to product using,(1) Traditional costing…
Q: Eurgher Ltd. had a taxable loss of $354,000 in 20X7. The tax rate in 20X7 is 32%. In the past three…
A: Claiming a loss refund involves offsetting losses from one tax year against taxable income from…
Q: Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions,…
A: Charitable Contribution -By enabling individuals and corporations to deduct gifts of money and…
Q: The following information is available for the Murphy Manufacturing company for 2020. (Click the…
A: Direct material cost is the cost of raw material produced or purchased to produce the final…
Q: Consider the following premerger information about Firm X and Firm Y: Total earnings Shares…
A: In merger assets of the company are combined to form one company and create value for company.
Q: Revise your worksheet to reflect these updated assumptions and then answer the questions that…
A: Depreciation refers to the noncash expense provided to allocate the cost of the fixed assets over…
Q: Treasury Stock Coastal Corporation issued 25,000 shares of $9 par value common stock at $21 per…
A: Journal entries are passed below.Explanation:
Q: [The following information applies to the questions displayed below.] The transactions of Belle…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: Second Republic Bank is a lending company that operates in the Southeastern United States. Current…
A: In activity based costing all activities in the organization are identified and the cost of each…
Q: On July 1, 2023, Sandhill Ltd., which follows ASPE, issued 1,000 convertible, five-year, $1,000…
A: Journal entries are made to record the transactions as the first process in the books of accounts…
Q: Required: Prepare journal entries to record the preceding transactions and events for Selk.
A: Whenever there is an investment made by a company and does not have any influence or significant…
Q: Forsyth Company manufactures one product, it does not maintain any beginning or ending inventories,…
A: When Forsyth closes its standard cost variances, the cost of goods sold will increase(decrease)…
Q: uring January, Luxury Cruise Lines incurs employee salaries of $2.8 million. Withholdings in January…
A: A journal entry is documentation of a business deal kept in a company's accounting books. A properly…
Q: tstanding all year were 21,000 (written) options to purchase common shares at $10 per share. The…
A: Earnings per share is a financial measure that determines the residual earnings generated by each…
Q: Prime vs conversion cost. For each of the following costs incurred in a manufacturing operation,…
A: Prime costs : It refers to the three important elements of costs: direct materials, direct labor and…
Q: A company reports inventory and cost of goods sold based on calculations from a LIFO periodic…
A: Answer:- Inventory refers to the stock that is held by the company for resale purposes or the goods…
Q: A company reports net income of $9,600 for the year. During the year, the company reports an $1,120…
A: Cash flow statement consists of three activities which are operating, investing and financing…
Q: Beginning Retained Earnings is $10, 000, Ending Retained Earnings is $20,000, Depreciation is…
A: Retained Earnings is one of useful element of shareholders equity. It means amount of earnings…
Q: [The following information applies to the questions displayed below.] Calvin reviewed his canceled…
A: Adjusted Gross Income is the gross income for after adjusting certain specific deductions.
Q: Dividends during January were $2,700. Open T-accounts for each of the accounts listed in the trial…
A: T-accounts are prepared to reflect the balances of different ledger accounts. The T-accounts are…
Q: Discuss with the class the types of statistical test you will use to interpret your survey results.…
A: The objective of this question is to identify the appropriate statistical tests that can be used to…
Q: Laker Company reported the following January purchases and sales data for its only product. The…
A: INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…
Q: Sunland Company uses a job order cost system in each of its three manufacturing departments.…
A: The predetermined overhead rate is the rate determined for the purpose of computing the estimated…
Q: The ledger of Swifty Company contains the following balances: Retained Earnings $30,000, Dividends…
A: Closing entries are those which are reported at the end of the period to close the temporary…
Q: Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be…
A: A balance sheet which is a classified is the balance sheet presentation in which current assets and…
Q: Which of the following accounts does not appear in the general ledger of a company using the…
A: Under periodic inventory system , day to day in and out of inventory is not recorded . Closing…
Q: Cane Company manufactures two products called Alpha and Beta that sell for $130 and $90,…
A: In the given question we are required to compute units of each product should Cane produce to…
Q: (b) Assume that Sheridan earned net income of $3,156,450 during 2023. In addition, it had 120,000 of…
A: Earnings Per Share is the formula that determines the earnings available for each share owned by the…
Q: On March 17, Advanced Technologies developed a patent related to laser surgery techniques. They…
A: Intangible asset is a type of asset which generally we can not see or touch but has monetary value…
Q: John Legglet is 42 years old, earns $4000 per week and is paid semi-monthly in the Province of…
A: Building a retirement income stream is one of the main advantages of CPP deductions for people. Your…
Q: During Year 2, Baird Manufacturing Company incurred $101,200,000 of research and development (R&D)…
A: Req (a) 1Research and DevelopmentUpstream cost2Packaging Downstream cost3Shipping Downstream…
Q: Vishnu
A: Equity Method: The equity approach is an accounting technique applied to sizable investments that do…
Q: Orion Iron Corporation tracks the number of units purchased and sold throughout each year but…
A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method.Under…
Q: Whitlock Manufacturing uses a job costing accounting system for its production costs. The company…
A: Overhead refers to the expenses incurred in order to operate a business. In the construction…
Q: ABC costing attempts to: O A. classify as many costs as indirect costs as is feasible. OB. identify…
A: B. identify the activities involved in a process.Explanation:Approach to solving the question:…
Q: 10. What is Clark's cost of goods sold during 2000? Direct materials Beginning inventory $25,000…
A: Cost of goods sold is the amount of money incurred by the entity on the making of the goods sold in…
Q: Using (1) tables, (2) a financial calculator, or (3) Excel functions, calculate the PV of the lease…
A: The present value of the lease is computed by adding the present value of all lease rentals…
Q: CraneManufacturing Inc. had sales of $3.00 million for the first quarter of 2022. In making the…
A: CVP income statement for the quarter ended March 31, 2022.Sales$3,000,000Variable Costs$1,080,000…
Q: At December 1, 2023, Imalda Inc. reported the following information on its statement of financial…
A: Allowance for doubtful debts helps to estimate the losses which could occur on account of account…
Q: 12
A: Amortization is a financial term that refers to the process of spreading the cost of an intangible…
Q: Based upon the following balance sheet accounts for simms company, determine the current ratio: Cash…
A: The objective of this question is to calculate the current ratio for Simms company based on the…
Q: Furtastic manufactures imitation fur garments. On June 1, 2024, Furtastic made a sale to Willett's…
A: Recording of journal entries is one of initial step used in accounting cycle process. Under this,…
Q: 2. In 2014, July Company issued $200,000 of common stock in exchange for $120,000 of equipment and…
A: Cash flow from Financing activities includes the transactions relating to the loan/debt,…
Q: Tiffany and Carlos decided to liquidate their jointly owned corporation, Royal Oak Furniture (ROF).…
A: Upon complete liquidation, a corporation calculates gain or loss by comparing the fair market value…
Q: Current Attempt in Progress The controller is waiting on Bramble's budgeted cash disbursements so…
A: Cash disbursement schedule :— This budget is prepared to estimate the payment for direct materials…
Q: Record each of the following events in the horizontal statements model. After each event, record the…
A: The year end adjustment entry is one of the primarily task in performing the transactions and…
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- Choose TWO of the following questions to discuss: In your opinion, what was the most important topic or subject you studied in this course? Explain your answer. What topic or subject did you struggle with most in this course? What did you find most surprising about this course? What did you learn in this course that you think will benefit you in your future studies or career path? This course completes your study of the foundations of accounting. After completing this course, what area of accounting are you interested in pursuing?Need help understanding what i'm doing wrong with this accounting class.HOW EACH THEORIES APPLIED IN TEACHING ACCOUNTING. PLEASE DO NOT COPY THE ANSWER OF OTHER TUTOR HERE BECAUSE I'M NOT SATISFIED WITH THEIR ANSWERS. Theories Proponent What is the theory about? How is it applied in teaching accounting? Behaviorism John Watson and B.F Skinner Behaviorism is a learning theory that claims that all human actions are learned via conditioning. According to Skinner, behaviorism could be explained as a learning process whereby a person learns to acknowledge a stimulus, which causes and response, and the response is then reinforced. This finally leads to conditioning one's behavior. Thus behaviorism is a learning process through conditioning of the stimulus, along with reward and punishment. Watson on the other hand focuses on the external behaviors of a man. He held that the only indication of a person's internal state came from their physical reactions. In conclusion, behaviorism emphasizes how interactions with the environment help people learn new…
- In the course textbook, Financial Counseling, Just-in-Time Education intervenes with information close to the moment of decision (e.g. Federal Student Loan Exit Counseling). Just-in- Time Education benefits include: Both of these. O When the client actively seeks information on a topic, they are more engaged which equates to being a better student. When the client learns something just before needing the knowledge, they are less likely to forget. Neither of these.Creative thinking is the ability to look at things differently, and find new ways of solving problems. How does the Accountancy course sharpen your creative thinking? Answer in 1 sentence onlyDuring the semester, we have discussed threats and controls. Evaluate the following statement. “Accounting independence in accounting information system is important” Discuss using examples.
- Determine the most valuable aspect of this course to you and explain how you plan to apply it to your personal financial practices.Share two ways that you feel you will be able to apply the concepts you learned in this course to your current or future work position.The purpose of this discussion is to provide an opportunity to review and reflect on your growth in this class. This helps you place the course meaningfully into your life and plans. Be sure to post an initial, substantive response by Thursday at 11:59 p.m. MT, to the following prompt: Reflect on what you have learned in this course. Choose two of the following questions to discuss: What topic or subject did you like best in this course? What topic or subject did you struggle with most in this course? What would you do differently if you had the option to take this course again? What did you learn in this course that you think will benefit you in your future studies or career path? Work to demonstrate your understanding of the material from this module and, where necessary, include your sources.Advanced Accounting requires many rules and regulations. The latter come from many sources. In your Journal this week you will research two rules or regulations that pertain to Advanced Accounting topics and submit them to your Unit 1 Journal. For each of the rules or regulations, answer the following questions. What is the name of the rule or regulation? What agency or government created the rule or regulation? Does any agency or government have the power to enforce the rule or regulation? If so how? If not, does this hinder the enforcement of the rule or regulation?
- The purpose of this discussion is to provide an opportunity to review and reflect on your growth in this class. This helps you place the course meaningfully into your life and plans. Be sure to post an initial, substantive response by Thursday at 11:59 p.m. MT, to the following prompt: Reflect on what you have learned in this course. Choose two of the following questions to discuss: What topic or subject did you like best in this course? What topic or subject did you struggle with most in this course? What would you do differently if you had the option to take this course again? What did you learn in this course that you think will benefit you in your future studies or career path?HAving troucble making a ( thesis statement on financial literacy course ) ? Talking about accountingWhat is a benefit to a career in accounting? a. High salaries.b. Wide range of job opportunities.c. High demand for accounting graduates.d. All of these answer choices are correct.