Entries by mary WAMBUGU

A shift toward greater accountability and professional responsibility has taken place over the past twenty years. In your own words, discuss some of the issues that may have caused this shift in the accounting profession.

September 10, 2019 in /by

ACCT Ethic Midterm Examination Summer Semester, 2017 Carefully read the questions below and provide your written response.  Exam structure: 10 essay questions worth 10 points each. Please note this examination is to be completed by each student individually.  Sharing answers and or posting this exam on any Website for any purpose is a violation of […]

 

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Franklin City’s serial bonds are services through a debt service fund with cash provided by the general fund. In a debt service fund’s statements, how are cash receipts and payments reported?

September 10, 2019 in /by

Franklin City’s serial bonds are services through a debt service fund with cash provided by the general fund. In a debt service fund’s statements, how are cash receipts and payments reported? Options:       Cash receipts                                                  Cash payments        a.           Revenues                                                     Expenditures        b.          Revenues                                                      Other Financing Uses        c.           Other Financing Sources                             Expenditures         d.           Other Financing Sources                             Other Financing Uses   Looking for a Similar Assignment? Order now […]

 

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Storm Tools has formed a new business unit to produce battery-powered drills.Thebusiness unit was formed by the transfer of selected assets and obligations from theparent company

September 10, 2019 in /by

Storm Tools has formed a new business unit to produce battery-powered drills.Thebusiness unit was formed by the transfer of selected assets and obligations from theparent company.The unit’s initial balance sheet on January 1 contained cash($500,000),plantandequipment($2,500,000),notespayabletotheparent($1,000,000), and residual equity ($2,000,000).The business unit is expected to repay the note at $50,000 per month, plus allaccrued interest at […]

 

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Summit Paintball Supply manufactures paintballs used by recreational gamers. The cost of producing a box of 2,500 paintballs is as follows:

September 10, 2019 in /by

Summit Paintball Supply manufactures paintballs used by recreational gamers.  The cost of producing a box of 2,500 paintballs is as follows: Direct materials  $    12.50 Direct labor          6.25 Variable factory overhead        18.75 Fixed factory overhead        25.00 Variable selling, general, and administrative costs        18.75 Fixed selling, general, and administrative costs          4.00 […]

 

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