This work comprises ACC 201 Week 3 Assignment GAAP Ethics Business - Accounting Read ATC 6-5 of Chapter 6 and answer part a. Additionally‚ given what you have learned about financial accounting so far‚ think of as many ways that you could “adjust” the financial records to make your company look better yet still follow GAAP and ethical guidelines. (Hint: think of the choices that can be used in the various accounting methods you have learned: i.e.‚ inventory valuation methods.) When
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E13-11 (a) Prepare 2014 entries for Crow using the expense warranty approach. Assume that Crow estimates the total cost of servicing the warranties will be $120‚000 for 2 years. Warranty Liability………….$20‚000 Warranty Cash …………………...$20‚000 (Warranty cash incurred) Warranty Expense …............120‚000 Warranty Liability……………….....120‚000 (To accrued estimated warranty cost) (b) Prepare 2014 entries for Crow assuming that the warranties are not an integral part
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Individual Summary Question One ACC-290 March 3rd 2014 Individual Summary Question One It is commonly known that most commercial and general accounting principles use accrual based accounting over cash based accounting. Accrual based accounting is more advanced than cash based accounting so that is why most accountants chose this over the latter. Cash based accounting is when revenues are recognized when cash is received and when expenses are recognized when cash is paid. Cash based accounting
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Question No. 3 (a) 6 Marks Solution The following financial data apply to the DVD production plant of ABC Company for the month of July: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing costs Budgeted Costs per DVD $ 1.500 $ 0.800 $ 0.700 $ 1.000 $ 4.000 Variable manufacturing overhead varies with respect to units produced. Fixed manufacturing overhead as per above financial date is based on the followings:
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Question 1.1 Tried and True Clothing has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? Blacksburg 12‚000/60=200 Problem 1-2 Tried and True’s accountant (from Problem 1-1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Annandale pays the highest average wage at $6.75 an hour. Blacksburg pays $6.50 an hour‚ Charlottesville
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go to this address to get the tutorial: http://homeworkfox.com/tutorials/business/512/acc-423-week-5-wileyplus-assignment-exercises/ ACC 423 Week 5 WileyPlus Assignment - Exercises Business - Accounting ACC423 P13-9 P20-4 E21-7 P22-6 P13-9 (Premium Entries and Financial Statement Presentation) Sycamore Candy Company offers a CD single as a premium for every five candy bar wrappers presented by customers together with $2.50. The candy bars are sold by the company to distributors for 30
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larger quantities at a cheaper cost to the consumer. High risks are associated by these modified vaccines causing deadly nerve disease‚ respiratory infections‚ and myalgia just to name a few that are labeled on a GMO vaccine to fight Influenza. 2. What are your personal thoughts on genetic engineering? Do you think genetic engineering provides useful information for the scientific investigation of our natural world or do you think that we should not "mess with Mother Nature"? Explain and support
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balance” (Hoeger and Hoeger‚ Chapter 5‚ p. 163). Drawing from the quote above‚ please use the outline below to create an Empressr (Empressr Instructions) presentation this week: 1. Describe the current obesity trends in the United States. What factors have lead to this epidemic? What health issues have resulted from it? 2. Discuss the consequences of excessive body weight. How are individuals affected physically and emotionally by overweight and obesity? In addition to the increased risk
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C:2‑3 Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity’s default tax classification? Are any alternative classification(s) available? If so‚ (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so? If Bruce and Bob are the only owners by default they will be billed as if they were a partnership. If they chose to‚ they could be taxed as an S Corp. The choice between the two is based on their expected income
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Net pay is gross pay minus deductions. Assume that deductions are taken for tax withholding (30 percent of gross pay) and parking ($10 per month). You will need the following variables: Analysis Process: 1. Display a program title. 2. Prompt for the Employee ID 3. Prompt for the Hourly rate. 4. Prompt for Regular hours. 5. Prompt Overtime hours. 6. Add net and subtract tax’s equal gross. 7. Divide tax to gross. 8. Display the net. Input: Item Employee
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