Sat, 21 Nov 2009 05:28:43 -0500 http://www.accountingcoach.com/accounting/ Lussumo Vanilla 1.1.7 http://www.accountingcoach.com/accounting/discussion/1059/ http://www.accountingcoach.com/accounting/discussion/1059/ Mon, 04 May 2009 11:23:48 -0400 ACoach
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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/ http://www.accountingcoach.com/accounting/discussion/1317/ Thu, 19 Nov 2009 20:54:39 -0500 akela928 http://www.accountingcoach.com/accounting/discussion/1316/ http://www.accountingcoach.com/accounting/discussion/1316/ Thu, 19 Nov 2009 09:55:21 -0500 snowblack 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/ http://www.accountingcoach.com/accounting/discussion/1314/ Wed, 18 Nov 2009 02:10:24 -0500 Anjel1
I also help in:-
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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/ http://www.accountingcoach.com/accounting/discussion/113/ Thu, 19 Apr 2007 13:10:37 -0400 bchrist http://www.accountingcoach.com/accounting/discussion/1315/ http://www.accountingcoach.com/accounting/discussion/1315/ Wed, 18 Nov 2009 02:10:47 -0500 Anjel1
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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(n) activity based costing , break even point & cap analysis
(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/ http://www.accountingcoach.com/accounting/discussion/1296/ Tue, 10 Nov 2009 07:19:46 -0500 adamsmith "how managerial accounting help in optimizing business resources"]]> http://www.accountingcoach.com/accounting/discussion/1313/ http://www.accountingcoach.com/accounting/discussion/1313/ Tue, 17 Nov 2009 15:36:59 -0500 shamayne http://www.accountingcoach.com/accounting/discussion/1312/ http://www.accountingcoach.com/accounting/discussion/1312/ Tue, 17 Nov 2009 01:59:25 -0500 Tau Gima http://www.accountingcoach.com/accounting/discussion/1311/ http://www.accountingcoach.com/accounting/discussion/1311/ Mon, 16 Nov 2009 20:07:48 -0500 jamiengel http://www.accountingcoach.com/accounting/discussion/1310/ http://www.accountingcoach.com/accounting/discussion/1310/ Mon, 16 Nov 2009 18:32:57 -0500 accthelp http://www.accountingcoach.com/accounting/discussion/143/ http://www.accountingcoach.com/accounting/discussion/143/ Tue, 01 May 2007 10:16:18 -0400 prabhu281276
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/ http://www.accountingcoach.com/accounting/discussion/1283/ Thu, 05 Nov 2009 19:48:14 -0500 ya_girl_netta 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/ http://www.accountingcoach.com/accounting/discussion/1284/ Thu, 05 Nov 2009 23:41:59 -0500 theuppercut04
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/ http://www.accountingcoach.com/accounting/discussion/1307/ Sun, 15 Nov 2009 22:01:39 -0500 lball1
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/ http://www.accountingcoach.com/accounting/discussion/1306/ Sun, 15 Nov 2009 11:34:34 -0500 kumar_amith21 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/ http://www.accountingcoach.com/accounting/discussion/1305/ Sun, 15 Nov 2009 07:53:07 -0500 agentrusty
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/ http://www.accountingcoach.com/accounting/discussion/1302/ Thu, 12 Nov 2009 16:44:12 -0500 dtaccone http://www.accountingcoach.com/accounting/discussion/1303/ http://www.accountingcoach.com/accounting/discussion/1303/ Fri, 13 Nov 2009 03:43:04 -0500 ABHI10
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Watch this space for more and more education programs from time to time…..

For More Information & Download Brochure: http://www.takshilalearning.com/]]> http://www.accountingcoach.com/accounting/discussion/1301/ http://www.accountingcoach.com/accounting/discussion/1301/ Thu, 12 Nov 2009 02:37:48 -0500 coorg


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/ http://www.accountingcoach.com/accounting/discussion/1300/ Thu, 12 Nov 2009 02:36:48 -0500 coorg
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/ http://www.accountingcoach.com/accounting/discussion/1299/ Thu, 12 Nov 2009 02:35:50 -0500 coorg
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/ http://www.accountingcoach.com/accounting/discussion/1298/ Wed, 11 Nov 2009 23:23:14 -0500 nat
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/ http://www.accountingcoach.com/accounting/discussion/1297/ Wed, 11 Nov 2009 11:02:34 -0500 Jason http://www.accountingcoach.com/accounting/discussion/1295/ http://www.accountingcoach.com/accounting/discussion/1295/ Tue, 10 Nov 2009 07:17:54 -0500 adamsmith http://www.accountingcoach.com/accounting/discussion/1294/ http://www.accountingcoach.com/accounting/discussion/1294/ Mon, 09 Nov 2009 23:28:02 -0500 accounting01 http://www.accountingcoach.com/accounting/discussion/1293/ http://www.accountingcoach.com/accounting/discussion/1293/ Mon, 09 Nov 2009 11:55:35 -0500 florb
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/ http://www.accountingcoach.com/accounting/discussion/1292/ Mon, 09 Nov 2009 06:59:22 -0500 nat http://www.accountingcoach.com/accounting/discussion/1291/ http://www.accountingcoach.com/accounting/discussion/1291/ Sun, 08 Nov 2009 19:40:50 -0500 JoeS
Thanks,
Joe]]>