Published: 7 months ago
27. Milano Pizza is a small neighborhood pizzeria that has a small area for... Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made. Data concerning the... Continue Reading
Published: 7 months ago
18. Prepare the entries to record the following independent transactions with explanations. 1. On... Prepare the entries to record the following independent transactions with explanations. 1. On January 4, 2016, received Php 20,000 from a customer in payment for services rendered. 2. Payment to X Supplier amounting to Php 4,000 for office supplies purchased on January 3,2016. 3. Maria invested Php 60,000 on January 18,2016... Continue Reading
Published: 7 months ago
1. 11) Which of the following combinations of ratios is preferable? A) A low current ratio and a high.. 11) Which of the following combinations of ratios is preferable? A) A low current ratio and a high debt ratio B) A high current ratio and a low debt ratio C) A low current ratio and a low debt ratio D) A high current ratio and... Continue Reading
Published: 7 months ago
46. 121. The cash budget reflects a. all revenues and all expenses for a period. b. expected cash receip 121. The cash budget reflects a. all revenues and all expenses for a period. b. expected cash receipts and cash disbursements from all sources. c. all the items that appear on a budgeted income statement. d. all the items that appear on a budgeted balance sheet.... Continue Reading
Published: 7 months ago
35. Cost Data for Managerial Purposes—Finding Unknowns Quince Products is a small company in southern... Cost Data for Managerial Purposes—Finding Unknowns Quince Products is a small company in southern California that makes jams and preserves. Recently, a sales rep from one of the company’s suppliers suggested that Quince could increase its profitability by 50 percent if it introduced a second line of products, packaged fruit.... Continue Reading
Published: 7 months ago
18. 116.In preparing closing entries for a merchandising company, the Income Summary account will be... 116.In preparing closing entries for a merchandising company, the Income Summary account will be credited for the balance of a.sales revenue. b.inventory. c.sales discounts. d.freight-out. 117.A merchandising company using a perpetual system may record an adjusting entry by a.debiting Income Summary. b.crediting Income Summary. c.debiting Cost of Goods Sold. d.debiting... Continue Reading
Published: 7 months ago
Accounting Questions Set 79 1. Gabert Inc. is a merchandising company. Last month the company"s merchandise purchases totaled... Gabert Inc. is a merchandising company. Last month the company"s merchandise purchases totaled $68,000. The company"s beginning merchandise inventory was $17,000 and its ending merchandise inventory was $13,000. What was the company"s cost of goods sold for the month? A) $72,000 B) $68,000 C) $98,000 D) $64,000... Continue Reading
Published: 7 months ago
39. a 201.When the effective-interest method of bond premium amortization is used, the a.amount of... a 201.When the effective-interest method of bond premium amortization is used, the a.amount of premium amortized will get larger with successive amortization. b.carrying value of the bonds will increase with successive amortization. c.interest paid to bondholders will increase after each interest payment date. d.interest rate used to calculate interest expense... Continue Reading
Published: 7 months ago
25. 1)A 15 g bullet is shot into a 5085 g wooden block standing on a frictionless surface. The block,... 1)A 15 g bullet is shot into a 5085 g wooden block standing on a frictionless surface. The block, with the bullet in it, acquires a velocity of 1 m/s. Calculate the velocity of the bullet before striking the block.?2)What is the force on the... Continue Reading
Published: 7 months ago
1. Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 [The following inform Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below.] At December 31, 2018, Hawke Company reports the following results for its calendar year. $1,992,680 3,180,000 Cash sales Credit sales In addition, its unadjusted trial balance includes the... Continue Reading