2009-11-21T07:26:30-05:00 http://www.accountingcoach.com/accounting/ Lussumo Vanilla http://www.accountingcoach.com/accounting/discussion/1059/ 2009-05-04T11:23:48-04:00 2009-05-04T11:23:48-04:00 ACoach http://www.accountingcoach.com/accounting/account/1/

Here's what we offer for free on AccountingCoach.com: Accounting career center: http://www.accountingcoach.com/careers/ Clear explanations of 31 different accounting ...

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Accounting dictionary with 1,000+ terms defined:
http://www.accountingcoach.com/terms/accounting-dictionary.html]]> http://www.accountingcoach.com/accounting/discussion/5/ 2007-01-17T02:05:10-05:00 2007-01-17T02:05:10-05:00 ACoach http://www.accountingcoach.com/accounting/account/1/

1. To start your own discussion or comment in a discussion you must first register here: http://www.accountingcoach.com/accounting/people/?PostBackAction=ApplyForm 2. After you login you may ...

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2. After you login you may start a discussion by clicking "Start a new discussion" on the left-hand side (it's in red).

3. The most recent discussions are displayed on the homepage. If you would like to view discussions in a specific category, click the "Category" tab.]]> http://www.accountingcoach.com/accounting/discussion/1317/ 2009-11-19T20:54:39-05:00 2009-11-19T20:54:39-05:00 akela928 http://www.accountingcoach.com/accounting/account/3152/

I am in a basic accounting class and have a question regarding frieght charges. If you purchased goods FOB shipping. Would you factor the shipping costs as cost of goods or as operating expense ...

http://www.accountingcoach.com/accounting/discussion/1316/ 2009-11-19T09:55:21-05:00 2009-11-19T09:55:21-05:00 snowblack http://www.accountingcoach.com/accounting/account/2853/

I've been struggling with this question for hours and hours. Hope someone can shed some light to this A trust fund will pay you $1,200 per month for life once you turn 18. You are currently 9. ...

Hope someone can shed some light to this

A trust fund will pay you $1,200 per month for life once you turn 18. You are currently 9. Interest rates are expected to be 4.12% compounded quarterly. What is the current value of your trust fund?

MC answers were 244,344.29, 253,344.29, 243,344.29, 244,444.29 or 233,344.29

I cant even get one of them.

What I did was: Find the present value of the perpetuity
PV = PMT/P [where p=(1+i)*c - 1]
PV = 1200/(1+.0103)*.333333 - 1
PV = 1200/.03342161
PV = 350,711.50

Then that turns into the future value of the deferred amount. I then find the present value for the 9 years deferred

PV = FV(1+i)*-n
PV = 350,711.50(1+0103)*-108
PV = 350,711.50(.33064494)
PV = 115,960.98

It doesnt match one of the MC answers. What am I doing wrong?]]> http://www.accountingcoach.com/accounting/discussion/1314/ 2009-11-18T02:10:24-05:00 2009-11-18T20:02:59-05:00 Anjel1 http://www.accountingcoach.com/accounting/account/2654/

Send me your accounting & finance assignments and i will send you back the answers. I also help in projects, papers and essays. I also help in:- Accounting homework help Financial ...

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Managerial accounting assignment solutions
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Please visit once http://www.accountinghomework.org
Or email me on help@accountinghomework.org]]> http://www.accountingcoach.com/accounting/discussion/113/ 2007-04-19T13:10:37-04:00 2009-11-18T10:30:40-05:00 bchrist http://www.accountingcoach.com/accounting/account/241/

My company just purchased an Interest Rate Cap. We paid a fee of $29,000 and the notional amount is $40,000,000. How do I book the $29,000 fee? All examples on the internet are for zero cost caps ...

http://www.accountingcoach.com/accounting/discussion/1315/ 2009-11-18T02:10:47-05:00 2009-11-18T02:10:47-05:00 Anjel1 http://www.accountingcoach.com/accounting/account/2654/

Can’t do Accounting Homework? Email me your accounting homework & accounting assignments & I will send you back the solutions. In addition to Accounting homework help & accounting ...

Email me your accounting homework & accounting assignments & I will send you back the solutions. In addition to Accounting homework help & accounting assignments help, I also help in online accounting exams, online accounting tests & tutoring, accounting word problems, accounting case study & accounting essays.

Send me your accounting & finance assignments and i will send you back the answers. I also help in projects, papers and essays.

I also help in:-
(a) accounting homework help
(b) finance homework help
(c) managerial accounting assignment solutions
(d) net present value, future value & compounding
(e) bonds, stocks, options, derivatives homework
(f) financial management homework help
(g) statistics homework help
(h) homework ratio analysis & cash flow statement homework
(i) income statement & balance sheet & shares & debentures
(j) marginal costing, standard costing & variable costing
(k) marketing homework help
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(o) LIFO, FIFO, weighted average & journal entries homework & trial balance

please visit once http://www.homeworkhelpindia.com
or email me on the homeworkhelpindia@gmail.com]]> http://www.accountingcoach.com/accounting/discussion/1296/ 2009-11-10T07:19:46-05:00 2009-11-17T17:35:12-05:00 adamsmith http://www.accountingcoach.com/accounting/account/3074/

I need help in preparing my assignment which is on "how managerial accounting help in optimizing business resources"

"how managerial accounting help in optimizing business resources"]]> http://www.accountingcoach.com/accounting/discussion/1313/ 2009-11-17T15:36:59-05:00 2009-11-17T15:36:59-05:00 shamayne http://www.accountingcoach.com/accounting/account/3134/

help me please

http://www.accountingcoach.com/accounting/discussion/1312/ 2009-11-17T01:59:25-05:00 2009-11-17T01:59:25-05:00 Tau Gima http://www.accountingcoach.com/accounting/account/3133/

need to prepare accounts for partners

http://www.accountingcoach.com/accounting/discussion/1311/ 2009-11-16T20:07:48-05:00 2009-11-16T20:07:48-05:00 jamiengel http://www.accountingcoach.com/accounting/account/3130/

If i have a negative receivable(Asset), does it then go in the credit column. Or does it stay a negative debt? What if I have a negative liability does it than go to the debits?

http://www.accountingcoach.com/accounting/discussion/1310/ 2009-11-16T18:32:57-05:00 2009-11-16T18:32:57-05:00 accthelp http://www.accountingcoach.com/accounting/account/3129/

14 months ago I booked a 24 month, $64.99 service plan to my prepaid expenses account and have been recognizing 1/24 of this expense each month on my income statement. We have now upgraded our plan ...

http://www.accountingcoach.com/accounting/discussion/143/ 2007-05-01T10:16:18-04:00 2009-11-16T07:23:44-05:00 prabhu281276 http://www.accountingcoach.com/accounting/account/274/

What is the differernce or similarity between Sundry Creditors, Bills payable and Accounts payable. Is all the three terms relate the same or whether they are different. When will the Sundry ...

When will the Sundry Creditors come in the Asset side of the Balance Sheet.

What is SOX? When and where it is used?]]> http://www.accountingcoach.com/accounting/discussion/1283/ 2009-11-05T19:48:14-05:00 2009-11-15T22:15:30-05:00 ya_girl_netta http://www.accountingcoach.com/accounting/account/3072/

can someone tell me? when 2500 of the accounts recievable is determined to be uncollectible and written off, which of the following should the company record? 1. a debit to bad expense and a ...

when 2500 of the accounts recievable is determined to be uncollectible and written off, which of the following should the company record?

1. a debit to bad expense and a credit to allowance for doubtful accounts.

2. a debit to allowance for doubtful accounts and a credit to bad debt expense

3. a debit to bad debt expense and a credit to accounts receivable

4. Adebit to allowance for doubtful accounts and a credit to accounts receivable]]> http://www.accountingcoach.com/accounting/discussion/1284/ 2009-11-05T23:41:59-05:00 2009-11-15T22:11:10-05:00 theuppercut04 http://www.accountingcoach.com/accounting/account/3073/

Finished 20 problems but stuck on these 3. 1. Osborn Company's unadjusted book balance at June 30, 2009 is $7,800. The company's bank statement reveals bank service charges of $45. Two credit ...

1. Osborn Company's unadjusted book balance at June 30, 2009 is $7,800. The company's bank statement reveals bank service charges of $45. Two credit memos are included in the bank statement: one for $900, which represents a collection that the bank made for Osborn, and one for $50, which represents the amount of interest that Osborn had earned on its interest-bearing account in June. Based on this information, Osborn's true cash balance is:
a. $7,800.
b. $8,705.
c. $8,650.
d. $8,795.

2. Dent Company's unadjusted bank balance at March 31, 2009 per bank statement is $3,000. The bank reconciliation revealed outstanding checks amounting to $500 and deposits in transit of $400. Based on this information, Dent's true cash balance is:
a. $3,100.
b. $2,700.
c. $2,800.
d. $2,900.

3. Rich Company's unadjusted book balance at October 31, 2009 is $2,500. The following information is available for the bank reconciliation:
Outstanding checks, $600
Deposits in transit, $450
Bank service charges, $90
The bank had collected an account receivable for Rich Company, $1,000
The bank statement included an NSF check written by one of Rich’s customers for $600.

Based on this information Rich’s true cash balance is:
a. $1,050.
b. $3,590.
c. $2,810.
d. $2,860.]]> http://www.accountingcoach.com/accounting/discussion/1307/ 2009-11-15T22:01:39-05:00 2009-11-15T22:01:39-05:00 lball1 http://www.accountingcoach.com/accounting/account/3122/

Working on a final project for accounting software class. Have to set up company from scratch with info provided by instructor. Need Note Payable schedules set up. I have all of them done except ...

INFO PROVIDED BY INSTRUCTOR:
Purchased Lab Equipment (7 year tax life) form "Photonics". Photonics offered me a zero interest loan for $20,000 (total). The note is due in 5 years. We must make monthly payments beginning today. A similiar situation would bear an 8% compounding interest. No salvage value. ***Remember, you must figure the actual cost of the Lab Equipment*** You will need to use a Financial Calculator which can be found online. This is an annuity due type loan. (payments made on day one)]]> http://www.accountingcoach.com/accounting/discussion/1306/ 2009-11-15T11:34:34-05:00 2009-11-15T11:34:35-05:00 kumar_amith21 http://www.accountingcoach.com/accounting/account/3121/

hi, I am Amith, I am in USA on F1 visa doing my masters in accounting and I have a bachelors in Accounting from INDIA,home country. d c My family is moving to Canada and even I have to move, and ...

I am Amith, I am in USA on F1 visa doing my masters in accounting and I have a bachelors in Accounting from INDIA,home country.
d c
My family is moving to Canada and even I have to move, and continue my education there in canada.
My long term goal is to be a CPA, could any one can suggest me a good university,in Canada near Mississauga.
And the requirement to be eligible for CPA in Canada. Also a good forum.

Thanks in advance.]]> http://www.accountingcoach.com/accounting/discussion/1305/ 2009-11-15T07:53:07-05:00 2009-11-15T07:53:07-05:00 agentrusty http://www.accountingcoach.com/accounting/account/3123/

guys help me please.. following information: sales per unit 15.00 variable production cost 8.00 annual fixed production cost 35,000 variable office expense ...

following information:

sales per unit 15.00
variable production cost 8.00
annual fixed production cost 35,000
variable office expense (units) 3.00
annual fixed selling expense 15,000

produced 12,500 units during the period

no inventory at January 1 (beginning)

sold 10,000 units..

giving the information
how can i get the ending inventory under direct costing and what about in absorption costing?
what is the total annual cost charged to expense in direct costing?
and what is the total fixed cost charged against current year's operation in absorption costing?

thanks in advance]]> http://www.accountingcoach.com/accounting/discussion/1302/ 2009-11-12T16:44:12-05:00 2009-11-13T08:22:50-05:00 dtaccone http://www.accountingcoach.com/accounting/account/3111/

I cannot get my cash flow statement to balance without adding the value of the accumulated depreciation from three asset disposals. Is this right?

http://www.accountingcoach.com/accounting/discussion/1303/ 2009-11-13T03:43:04-05:00 2009-11-13T03:43:04-05:00 ABHI10 http://www.accountingcoach.com/accounting/account/3106/

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For More Information & Download Brochure: http://www.takshilalearning.com/]]> http://www.accountingcoach.com/accounting/discussion/1301/ 2009-11-12T02:37:48-05:00 2009-11-12T02:37:48-05:00 coorg http://www.accountingcoach.com/accounting/account/3105/

The net profits of a company for the stated years were as follows: Sales $100,000 (2004) 200,000 (2005) Costs $70,000 (2004) 120,000 (2005) Calculate the expected net profit for 2006 ...

Sales $100,000 (2004) 200,000 (2005)

Costs $70,000 (2004) 120,000 (2005)



Calculate the expected net profit for 2006 based on budgeted sales of USD. 300,000. You are required to make a presumption in answering this question.]]> http://www.accountingcoach.com/accounting/discussion/1300/ 2009-11-12T02:36:48-05:00 2009-11-12T02:36:48-05:00 coorg http://www.accountingcoach.com/accounting/account/3105/

A car dealer sold a car for Dh. 100,000 by 20 monthly installments. Each installment comprises of equal amount of principal and interest @ 12% on the outstanding balance on date of payment of ...

comprises of equal amount of principal and interest @ 12% on the outstanding balance on date of payment of each inclement (i.e. interest on the reducing balance of principal) Calculate the chargeable amount of interest. Solve only by setting your own formula.]]> http://www.accountingcoach.com/accounting/discussion/1299/ 2009-11-12T02:35:50-05:00 2009-11-12T02:35:50-05:00 coorg http://www.accountingcoach.com/accounting/account/3105/

You are required to show the fixed assets section (an extract only) in the Balance Sheet as at December 31, 2005 based on the following information: Fixed assets bought on: January 1, 2001 Dh. ...

Fixed assets bought on:

January 1, 2001 Dh. 12,000

January 1, 2002 Dh. 9,000

January 1, 2003 Dh. 18,000

January 1, 2004 Dh. 15,000

January 1, 2005 Dh. 24,000

January 1, 2006 Dh. 18,000

No disposals were made during the above years. Depreciation is charged on the straight-line basis at 33 1/3 % per annum.]]> http://www.accountingcoach.com/accounting/discussion/1298/ 2009-11-11T23:23:14-05:00 2009-11-11T23:23:14-05:00 nat http://www.accountingcoach.com/accounting/account/3085/

The Oakleigh Company has the following information available for its production facility for the month of July. The budgeted activity level for fixed manufacturing overhead was estimated to be 48 000 ...

Material purchased (210 000 items)
$819 000

Material quantity variance
$39 600 U

Actual labour cost (15 000 hours)
$102 000

Machine hours used
50 000 machine hours

Variable overhead spending variance
$2 500 U

Actual fixed manufacturing overhead
$150 000


Oakleigh’s standard costs per unit are as follows:

Direct material
20 components @ $4 per item

Direct labour
1.5 hours @ $6 per hour

Variable overhead (applied on machine hour basis)
4.8 hours @ $2.50 per hour

Fixed overhead (applied on machine hour basis)
4.8 hours @ $3 per hour

The fixed overhead volume variance is ?]]> http://www.accountingcoach.com/accounting/discussion/1297/ 2009-11-11T11:02:34-05:00 2009-11-11T11:02:34-05:00 Jason http://www.accountingcoach.com/accounting/account/3101/

I would like to know the fraud risks when the person that receives all customer payments is also responsible for depositing them, raising credit notes, and putting all entries to the Sales ledger

http://www.accountingcoach.com/accounting/discussion/1295/ 2009-11-10T07:17:54-05:00 2009-11-10T07:17:54-05:00 adamsmith http://www.accountingcoach.com/accounting/account/3074/

can anyone tell me "how managerial accounting help in optimizing business resources"

http://www.accountingcoach.com/accounting/discussion/1294/ 2009-11-09T23:28:02-05:00 2009-11-09T23:28:02-05:00 accounting01 http://www.accountingcoach.com/accounting/account/3092/

how do you record a return from the account (opening balance equity) to an owner of a corporation???

http://www.accountingcoach.com/accounting/discussion/1293/ 2009-11-09T11:55:35-05:00 2009-11-09T13:22:13-05:00 florb http://www.accountingcoach.com/accounting/account/3075/

Hello, Why the depreciation is added to the Profits in order to obtain the Gross profit? It seems to me that it is a loss/cost for the business since the fixed asset value “losses” that value ...

Why the depreciation is added to the Profits in order to obtain the Gross profit?
It seems to me that it is a loss/cost for the business since the fixed asset value “losses” that value and thus it should be deducted from Profits in order to obtain Gross profit.

another question would be why the depreciation is seen as a cash flow?

thanks]]> http://www.accountingcoach.com/accounting/discussion/1292/ 2009-11-09T06:59:22-05:00 2009-11-09T06:59:22-05:00 nat http://www.accountingcoach.com/accounting/account/3085/

I still cant distinguish cost drivers with assurance！Do you have any suggestions? Thx!

http://www.accountingcoach.com/accounting/discussion/1291/ 2009-11-08T19:40:50-05:00 2009-11-08T19:41:38-05:00 JoeS http://www.accountingcoach.com/accounting/account/3084/

Hi. I'm working on a GAAP assignment for school. I need to find a reference for how to handle a book or bank overdraft. Does anyone have a code reference? Thanks, Joe

Thanks,
Joe]]>