Does an "income statement DRIVE the symmetry sheet"?
I'm trying to do some homework and I expect that my trainer made a mistake beside the directions. We hold to do an excel spreadsheet of a company's financial statements. It say that "the income statement drives the be a foil for sheet". I cant come across to find the nouns between the two. Please serve!Answers: I presume what she designed be you must finish the income statement first to buy the profit or loss previously you can arrive at the retained profits stability at the conclude of the year. The retained yield amount wishes to be enter contained by the set off sheet for it to be complete.
The first post from Sandy is categorically correct. The income statement is report that summarizes the revenues and expenses for current time, which can result surrounded by any a profit (net income) or loss (net loss). While the harmonize sheet is a report at specific point contained by time. The match sheet contained by the equity piece contains an picture call retained returns. Retained yield contains the cumulative proceeds and/or losses of the company since inception. Therefore, contained by direct to complete the set off sheet, the income statement must be done first, so you can hold the profit or loss amount to incorporate or discount from your retained yield article. Hope this help!
3 guys come contained by to bring a room at the motel and the price is for one room is roughly speaking 30 dollars?
but later when the front desk guy said he get it wrong the price is truly 25 dollars so respectively guy furnish 10 dollar so the total is 30 rite but consequently the front desk guy said that he be wrong so he told his assistant that jump endow with 5 dollar to those 3 guys so how much did she bequeath ? ably she give u guys respectively 1 dollar but in that is 5 dollars so wat happen to other money she have departed over.Answers: She kept it as a tip.
cute.......not accurate but cute....
Managerial Accounting Question. Help, I'm stuck! :S?
Please give support to me next to this examine. It is an overapplied manafacturing overhead homework quiz.Balance within Bette's Manufacturing Overhead Account on November 10 be $30,000 overapplied.
Other statement balance on that date be:
Direct things inventory 80,000
WIP 50,000
Finished Goods 100,000
Cost of Goods Sold 150,000
The overapplied match is allocated to the appropriate inventory accounts.
REQUIRED:
a) Determine the symmetry within COGS after the allocation.
b) Prepare the publication entry to write sour the overapplied overhead base on the balance surrounded by the accounts as shown above.
If you could assist me beside this answer ASAP, that would be incredibly compassionate. Extra points would be awarded for the best answer! :)
- Nathe
Answers: An overapplied Manufacturing Overhead a/c would be a positive variance and a credit symmetry. The overapplied go together is allocated to the appropriate inventory accounts. My vista is zilch should be allocated to direct things inventory cos this is coarse materials and no work have commenced on them on the other hand, hence they should not involve any O/H. I will merely allocate the O/H to:
WIP 50,000 (16.67%)
Finished Goods 100,000 (33.33%)
Cost of Goods Sold 150,000 (50%)
Total $300,000 (100%)
So the $30,000 O/H would be applied as follows using the above percentage:
WIP 5,000
Finished Goods 10,000
Cost of Goods Sold 15,000
Total $30,000
a) After the allocation, COGS symmetry = 150,000 - 15,000 = $135,000
b) Prepare the record entry to write stale the overapplied overhead base on the balance contained by the accounts as shown above.
Dr Manufacturing Overhead Account 30,000
Cr WIP 5,000
Cr Finished Goods 10,000
Cr Cost of Goods Sold 15,000
How do I find out how much a railway bond is worth if anything from 1923?
Answers: The basic info ( the company ) you omitted ,
And give us the issue date . . .
Oh , okay . . . .
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Governmental Accounting - Debt Service Fund Question?
Anyone own a example for an answer to this quiz? I am racking my brain trying to do this home work assignment and can't come across to assume of a format for an answer:Question 4 – Explain briefly whether or not you would recommend the use of a debt service fund surrounded by respectively of the following scenario. Please do state YES (I would recommend) or NO (I would not recommend). But please also do briefly explain your logic.
Part 4a – A local senate issued $10,000,000 of bonds in need a premium or discount next to the entire go together of the issue due surrounded by 10 years (“term bonds”). Interest at 5% per annum is due on February 1st and August 1st respectively year. The government’s year-end is December 31st.
Answers: Yes, Debt Service funds are set up to rationalization for the crowd of resources and the fee of interest and principal on adjectives "nonspecific constraint debt" bar that serviced by enterprise funds or by special assessments within another fund. Debt service funds are single used for the General Fund, Special Revenue Fund, Capital Projects Funds and Permanent Fund. It is NOT used for Internal Service Funds, Enterprise Funds, Pension Funds, Agency Trust Funds, Private Purpose Trust Funds and Investment Trust Funds.
How much money is this?
$ 0.4500and how long would it help yourself to to return with $5.00 if i get 4cents a year
my friend desires to no answer please!
Answers: $ .45 is 45 cents
$5.00 - .45 = $4.55 divided by 4 cents (.04 ) = 113.75
It would lug 113 days and 18 hours to acquire another $4.55
but to take $5.00 from 0 cents would thieve 125 days .
That is 5 divided by .04 .
Your friend requests to do his own homework .
Some ancestors post bogus answers in recent times to drill the homework cheats a lesson .
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45 cents. It would nick 125 days to receive five dollars at 4 cents a light of day.
90,000 dollar boat...veracity??
ok im wondering have anyone bought a bought or coup or anything of that price? if so what are the monthly payments and what charitable of mission do you own? because my dream boat is this price and im lately roughly to choose a key ( criminal justice), could some one supply me warning, on if getting that nice of a boat is a actuality and how to product it arise.Answers: I only just bought a $110,000 (US) boat on a teacher's earnings, but I've be working for 19 years. I own it within one of the charter companies which reduce the costs.
Just close to buying a house, if you hold a loan, the payments will be a function of all along the loan, the downpayment you put down and the interest rate. Find a loan calculator online and play beside the numbers.
What you can afford is not with the sole purpose a function of your income, but the compromises you are of a mind to spawn. I live surrounded by a modest home and enjoy never purchased a up to date saloon. For me it's worth it. Beware that it's not purely the price of the boat, but insurance, dockage, dry storage, care, upgrades, etc. These can be substantial for boats contained by the price capacity you are considering.
You have need of to steal a appropriate look at what your dream is worth to you and how long you are feeling like to loaf to fashion it come about. Of course you can other adjust your dream. You may find you own freshly as much fun on a much smaller quantity expensive boat.
Can someone facilitate me identify this financial company, I be within a vehicle quirk a few years ago ..?
i be within a vehicle chance a few years hindmost and recieved compansation for my injuries.it be set up as a structured settlement but i inevitability the money immediately... single the personality who have my paperwork won't donate them to me unless i agree to dispense them 30% of the money.
i dont want to do adjectives that, i in recent times stipulation to wage stale some bills.
here is what i remember
it have the word "WEST" contained by it and it have a take on as a logo.
the van that hit us belonged to the city. thats adjectives
Answers: It might own be BANK OF THE WEST, they enjoy a suffer logo. I own included their website hope this help?
http://www.bankofthewest.com/BOW/home
By the instrument, who have your paperwork? It might be criminal for them to hold your documents for constraint of money?
Come on, in a minute, really! You can't draw from any information from the checks you're delivery? And whoever is holding your 'paperwork' isn't concerned in the region of criminal extortion? Not to mention that a structured settlement can't be changed. You'd want a broker who will buy it from you for a change sell-out price explicitly lower than the FV of your settlement, and they would own the resources to relieve you next to the information you involve.
I can't even offer you "A" for physical exertion on this one. Maybe a low "C".
I don't know which one i.e. but I e-mailed you roughly a company that I know of. I sold may payments nearly 3 months ago and found that the larger companies beside the huge announcement campaign tend to tender you a lowball present for your settlement payments. I used a smaller group and their give be MUCH superior up front. Also their endorsed troop took thinking of adjectives of the court process for me. I will be bullish to make available you the info over email give or take a few the company but I didn't want to do it on this response as near are rules against that on here so this doesn't turn into some benign of crazy adfest!
What is the leading explanation that most rebate take forever or loss?
Answers: Because its a scam to go and get you to buy the product. They are bank on a majority of culture wont follow up on the rebate. and they are correct, most do not.
Yes, the rebate point is a bit of a scam, and the manufacture know it. It sounds correct and sucks population contained by.
Actually, individual almost 50% of rebate are ever applied for, and the manufacturer know it.
Lesson? Never permit a mail-in rebate pursuade you into a purchase,
Work at home or online job?
I have need of to find a work at home or online type of profession because I dont own transportation. I necessitate unadulterated job and not scam. Is here anything that I can do or are adjectives work at home and online job a scam?Answers: Take a look at http://www.squidoo.com/learntoworkathome... It have deeply of suggestions, information and programs that you can choose from. Hope it help. Just bring in sure you are primed to work.
You can draw from an online brief minus spending any excise as
Home base customer service agent
Writer
Tutor
Medical transcriptionist
You can find links of online companies hiring online workers at
jobzonline.blogspot.com
I saw a site finishing year for the first, I expect their guide is so strong and they hold plentiful secret that not a soul don't know roughly it, Go and drop by them, and afterwards plz enlighten me nearly what do you reckon going on for their secret, They are a great site I ruminate.
http://www.G00GLEadvertise.com
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You can work from your home and earn suitable amount of money but that really depends on your skills and also the amount of time, vivacity and hard work you want to put surrounded by everyday ...
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The easiest of them adjectives is unquestionably purely signing up for free GPTs where on earth you in recent times entail to complete few surveys and refer ethnic group to earn...but beware of the fraud sites and scam....look out for the forum @ www.gptboycott.com in the past joining any of these GPTs..
It is really not easy to find a pious work at home post because most companies will more than possible use an existing hand and permit them telecommute. There are a couple of job you can do online next to some teaching or training close to human being a medical transcriptionist or a telephone call center csr.
There are also some opportunity you can review to do online similar to net marketing which does not contribute you a big check first but if you work easier said than done at it and stay leniency you can become unbelievably prosperous. If this is something you are interested within you should check out Robert G Allen's book Multiple Streams of Income. It will put in the picture you how to pick a great work at home oppurtunity.
How much is a 1937 dime worth?
i hold a 1937 dime how much would it be worth todayAnswers: The silver dime date is not singular and anyone sold by coin dealer contained by the reach of $1-$2 contained by average category. Nice specimens starts from $3, up to $5-$12 within mint state and more depending on mint mark off.
I beleive a dime is 10 cents! if you can 9 more you will enjoy a undamaged dollar!
Please relief inevitability answers to penn foster bookkeeping Wholesale Accounting 39002001?
1. What amount should be enter within the Accounts Receivable column of the sale registerfor invoice no. 494?
A. $5,029.19 C. $5,330.96
B. $5,131,83 D. $5,439.74
2. What amount should be enter contained by the Department B Sales column of the sale register
for invoice no. 495?
A. $760.84 C. $1.743.06
B. $806.49 D. $1,847.64
3. The parcel post charge of $25.89 on invoice no. 496 should be enter on the sale
register within the column for
A. Credit—General Ledger. C. Dept. B Sales Cr.
B. Dept. A Sales Cr. D. Dept. A Trans.
4. What is the sale excise for invoice no. 496?
A. $.78 C. $11.66
B. $1.55 D. $13.21
5. For invoice no. 497, what amount should you enter on the sale register within the Accounts
Receivable column?
A. $5,986.84 C. $5,763.23
B. $5,647.97 D. $6,109.02
6. What amount should be credited to Accounts Receivable from credit note no. 59?
A. $47.09 C. $49.92
B. $48.05 D. $51.847. For credit communication no. 59, the entry contained by the sale register for the discount taken is
A. $.96 credited to Acct. No. 0402. C. $1.02 debit to Acct. No. 0402.
B. $.96 credited to Acct. No. 0403. D. $1.02 debit to Acct. No. 0403.
8. What is the harmonize for T. J. Auto within the accounts receivable ledger at the close of business
on May 29?
A. $155.99 C. $231.80
B. $181.88 D. $281.72
9. What should be the total of the Accounts Receivable column, Acct. No. 125, within the sale
register after invoices 494 through 498 are posted?
A. $17,984.57 C. $18,034.49
B. $17,997.51 D. $18,084.41
10. What is the be a foil for within the accounts receivable ledger after the close of business on May 29?
A. $17,984.57 C. $18,034.49
B. $17,997.51 D. $18,084.4111. What amount should be enter surrounded by the Accounts Payable column of the purchase invoice
register for purchase invoice no. 107?
A. $484.38 C. $528.76
B. $518.59 D. $549.71
12. The entry contained by the purchase invoice register for the due date for purchase invoice no. 108 is
A. 5/3. C. 6/3.
B. 5/17. D. 6/17.
13. To compute the amount to be remunerated for the brads on purchase invoice no. 109, you should
multiply .59 by
A. 115,000. C. 1,150.
B. 11,500. D. 115.
14. What amount should be credited to Purchases Returns and Allowances from credit note
no. 24?
A. $2.25 C. $112.70
B. $110.45 D. $114.95
15. What amount should be debit to Accounts Payable from credit letter no. 24?
A. $2.25 C. $112.70
B. $110.45 D. $114.95
16. What is the first item you must do to compute the amount to be rewarded for the 8mm fittings
on purchase invoice no. 110?
A. Multiply 15,936 by .58 C. Divide 15,936 by 12
B. Multiply 15,936 by 12 D. Divide 15,936 by .58
17. The symmetry for Gladstone Manufacturing Company contained by the accounts payable ledger after
the close of business on May 12 is a credit of
A. $110.45. C. $518.59.
B. $408.14. D. $629.04.18. What’s the total of the Purchases—Resale column, Account 501, contained by the purchase invoice
register?
A. $9,898.71 C. $10,158.54
B. $10,048.09 D. $10,271.24
19. What’s the total of the Accounts Payable column, Account 201, within the purchase invoice
register?
A. $10,048.09 C. $10,271.24
B. $10,158.54 D. $10,466.38
20. What’s the harmonize surrounded by the accounts payable ledger after the close of business on May 22?
A. $10,048.09 C. $10,271.24
B. $10,188.01 D. $10,466.38
III. Questions 21–25 are base on the following information for Silva Collectibles:
Notes Payable
Date Description Interest Rate
January 1 $100,000 memo due within 9 months 9%
March 1 $75,000 file due within 6 months 12%
Notes Receivable
February 1 $60,000 file due within 3 months 6%
Assume adjectives interest is compensated at old age and none of the transcription are rewarded impulsive.
21. What should be the entry for interest expense on March 31? (Hint: There are two resume.)
A. Debit $1,500 C. Credit $1,500
B. Debit $750 D. Credit $750
22. What entry should be record contained by the Interest Receivable tale for February?
A. Credit $300 C. Credit $900
B. Debit $300 D. Debit $900
23. How much interest income should be record for the year climax December 31?
A. $900
B. $3,300
C. $3,600
D. It depends on when the interest is remunerated.24. How much interest expense is record for the year end December 31?
A. $4,500
B. $6,750
C. $11,250
D. It depends on when the interest is remunerated.
25. How much currency will be salaried for the January 1 entry, plus interest, on October 1?
A. $11,250 C. $175,000
B. $106,750 D. $186,250
Answers: Please do not solicit answers on Y!A, as this is considered cheating.
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What's surrounded by invoice 494, 495, etc?