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Accounting

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Anonymous

Jan 12, 2025

Departmental overhead rates are generally preferred to plant-wide overhead rates when: a. the activities of the various departments

Departmental overhead rates are generally preferred to plant-wide overhead rates when the activities of various departments differ significantly. In what situations would this preference be most appli...
3 answers 14
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Anonymous

Feb 07, 2025

Dreamland pillow company sells the ‘old softy’ model for $20 each. one pillow requires two pounds of raw materials and one hour of

Dreamland Pillow Company sells the "Old Softy" model for $20 each. Each pillow requires two pounds of raw materials and one hour of direct labor to manufacture. The cost of raw materials is $3 per pou...
4 answers 43
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Anonymous

Nov 29, 2024

Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrepreneurial

Harvey quit his job at State University, where he earned an annual salary of $45,000. He estimates his entrepreneurial talent or forgone entrepreneurial income to be $5,000 per year. To start his busi...
3 answers 51
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Anonymous

Nov 09, 2024

how to find accounting and economic profit- please help!?

How can I calculate the accounting and economic profit for the following scenario? Suppose Kristen owns and operates a piano store. On average, her total revenue is $200,000, and her total costs are $...
3 answers 26
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Anonymous

Jan 29, 2025

If a company has advance ticket sales totaling $2,000,000 for the upcoming football season, the receipt of cash would be journalized

If a company has advance ticket sales totaling $2,000,000 for the upcoming football season, how should the receipt of cash be recorded in the journal? Please choose the correct option from the followi...
4 answers 13
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Anonymous

Nov 24, 2024

If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, Group of answer choices Common Stock will be credited for

If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, how will the accounts be affected? Please select the correct answer from the following options: Common Stock will be credite...
3 answers 12
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Anonymous

Feb 07, 2025

In a segmented income statement, which of the following statements is true?

In a segmented income statement, which of the following statements is true? a. Segment margin is greater than contribution margin. b. Common fixed expenses must be allocated to each segment. c. Cont...
3 answers 48
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Anonymous

Dec 28, 2024

In the context of dollar-value LIFO, what is a LIFO layer?

In the context of dollar-value LIFO, what is a LIFO layer? Please select one of the following options: a. The LIFO value of an increase in inventory for a given year. b. Inventory valued in base year...
3 answers 17
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Elvie Sawayn

Nov 29, 2024

is deferred gain an asset or liability?

"Can someone clarify whether a deferred gain is classified as an asset or a liability on the financial statements? I’m trying to understand its proper accounting treatment and how it should be recorde...
5 answers 37
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Anonymous

Feb 20, 2025

On january 1, a company issues bonds dated january 1 with a par value of $600,000. the bonds mature in 3 years. the contract rate

On January 1, a company issued bonds with a par value of $600,000, maturing in 3 years. The bonds have a contract rate of 7%, with interest paid semiannually on June 30 and December 31. The bonds were...
7 answers 53