The amount shown as Fund balance (unassigned) has not changed since the year started. The amount shown as appropriations includes the amounts appropriated for transfers. Property tax invoices are mailed out on January 10 and are due to be paid on February 10. Property owners that have not paid their taxes are classified as delinquent on March 10.

Assess the financial condition of the village based on the information given in. Include a discussion of the village's quick ratio, number of days’ cash on hand, and budgetary cushion in developing your conclusion.

please help me answer this question

on January 1, 2014 baseline Corp. issued $20,000,000 of 12 %, Twenty-year bonds at 102. the bonds are callable at 105. Interest on the bond is payable annualy. Baseline uses the Stright-line method to amortize bond premium or discount. On january1, 2018, Baseline Called 5,000,000 of the issue and retired the bond.

Required

a) prepare the journal entry to record the issuance of the bonds on January 1, 2014

b) prepare the journal entry to record the retirement of the bonds on january 1, 2018.

Rooney Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 374,000 pounds of raw materials, the company generates 78,000 pounds of B7, 156,000 pounds of K6, and 140,000 pounds of X9. A standard batch costs $2,992,000 to produce. The sales prices per pound are $4, $8, and $14 for B7, K6, and X9, respectively.

Required

1. Allocate the joint product cost among the three final products using weight as the allocation base.

2. Allocate the joint product cost among the three final products using market value as the allocation base.

examine the entrepreneurial activities that are needed for drawing up the strategies of a new business

Bill had the following gains and losses on asset sales: $500 gain on stock held 11 months; a $2,300 gain on land held two years; $1,900 loss on gold coins held two years; $1,200 gain on antique toys held three years; and a $1,300 loss on investment land held six months. Determine Bill’s (A) net capital gain or loss, (B) the capital gains rate that applies to each asset sale, (C) the capital gain rate(s) that would apply to the final net capital gain, and (D) Bill’s taxable income and income tax assuming Bill is married, has no dependents, files a joint return with his wife using the standard deductions, and their only income is Bill’s salary of $240,000.

describe any two contribution of entrepreneurs to society

StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March:

Additional information for the month of March follows:

StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March:

Required:
1. Based on the above information, prepare a cost of goods manufactured report.

2. Based on the above information, prepare an income statement for the month of March.

StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March:

4. Based on a number of contracts in 2017 and 2018, Brangus recognized $18,000 and $20,000 of book income in 2017 and 2018 for book purposes and $12,000 and $22.000 on those same contracts in 2017 and 2018 for tax purposes. If the net income before tax in 2018 was $50,000 and the tax rate is 36% in 2017, 34% in 2018 and 32% in 2019, prepare the journal entry for income taxes for 2018.

Question: Complete all steps in accounting cycle. (LO 1, 2) AP Laura Eddy opened Eddy's Carpet Cleaners on ...

Complete all steps in accounting cycle.

(LO 1, 2) AP

Laura Eddy opened Eddy's Carpet Cleaners on March 1, 2017. In March, the following transactions were completed:

Instructions

(e)  

Prepare the income statement and statement of owner's equity for March, and a classified balance sheet at March 31, 2017. Of the note payable, $2,000 must be paid by March 1, 2018.

(f)  

Journalize and post the closing entries.

(g)  

Prepare a post-closing trial balance at March 31.

Smokey and the Bandit produces outdoor activity clothing. The product line consists of pants, jackets, tops, and accessories. Data has been collected related to direct materials and direct labor for the four product lines. Smokey and the Bandit has also collected information on four possible cost drivers (units, batches, machine hours, labor hours). All this information is listed below. Construct a spreadsheet that will allocate overhead for each of these alternative drivers and will calculate the total per unit cost for each product line. Use the VLOOKUP function when constructing the spreadsheet so that you can determine the effect of different cost drivers on the overhead allocated and the resulting cost per unit.   

Total overhead cost to be allocated: $321,560

After constructing your spreadsheet answer the following questions?

1. What is the total cost per unit of each product line when machine hours are used as the cost driver for overhead allocation?
2. How much overhead is allocated to Jackets when direct labor hours are used as the cost driver for overhead allocation?
3. What is the total cost of Tops when direct labor hours are used as the cost driver for overhead allocation?
4. What is the total cost per unit of Accessories when the number of batches is used as the cost driver for overhead allocation?
5. What is the allocation rate when units are used as the cost driver?
6. If you are the manager of the Jackets product line which cost driver would you prefer? Why?
7. Currently the OH cost are being allocated based on DL hours. If the company decides to use units as the cost driver how would you react if you are the Accessories product line manager?

The Angel Corporation purchased an office building for $600,000 12 years ago. The corporation claimed $80,000 of cost recovery deductions before it sold the building for $700,000.

1. Determine the amount and type of gain or loss that Angel Corporation recognizes on the sale of the building
2. Would your answer change if Angel was a sole proprietorship?
3. Would your answer change if Angel Corporation incurred $43,000 of Section 1231 losses in the prior year?

Create a scenario where external auditors determined that a company's internal controls were deficient, but such a deficiency might not mean that a material weakness existed. Ascertain the impact on the audit plan if additional deficiencies are discovered on other related internal controls. Support your position.

Read Case Study 3 in the Final Project Guidelines and Rubric document, and discuss the current or potential legal and/or regulatory issues apparent in this fact pattern that might impact a public offering. Actively engaging with your peers and instructor will help you complete the remaining critical elements for the full case study, due in Module Seven.

Case Study 3 Both Fred’s family and the business have rebounded from their prior issues. Jane sought counseling for her gambling issues and has worked hard to mend her relationships with the family. Prior to cashing the forged checks from Jane, Don was struck by lightning and experienced a spiritual enlightenment. He willingly returned the checks to Fred and Sally and promptly joined the Peace Corps. Likewise, when the church found out the donated check was a forgery, it was immediately returned. Bob’s wife (also Sally’s best friend) found out about Bob’s online sabotage and promptly remedied the situation. Once Fred’s Miracle Cough Syrup was back on track, the company’s growth was exponential. Featured on a widely viewed talk show starring a prominent doctor, online orders and demands from big-box chains nationwide skyrocketed. Fred and Sally have been told that now would be an ideal time to take Fred’s Miracle Cough Syrup public. The only distressing issue at hand involves Tammy, a local girl who had been working as a delivery girl for the company. She applied for Jane’s former job as bookkeeper. Fred and Sally hired Ted, an experienced accountant, instead, and Tammy has filed a claim of sex discrimination against the company and Fred personally. Fred and Sally are seeking your advice regarding Tammy and the possibility of taking the company public. Complete a legal analysis of the given facts, including the following elements. Specifically, the following critical elements must be addressed: I. Evaluate three current or potential legal and/or regulatory issues apparent in this fact pattern that might impact a public offering. II. Determine whether Fred's Miracle Cough Syrup is in compliance with government regulations involving public offerings by analyzing relevant laws and using the appropriate legal test and facts given. III. Support your conclusions and provide recommendations to improve compliance and strategies for corporate growth.

Audit question

Q1. set out the rights and dutoes of auditos unddr cimpany act 2006?

Q2. Explain the responsibilities of:
        - the directors
        - the auditors
       In connection with the preparation and publication of a company's financial statement

Q3. State whether the following statement are true or false and explanation to answer choosen in respect of external auditors responsibilities:
-auditors are responsible for the financial content of the annual account
   (true / false) and why?

-auditors do not have obsalute assurance that the figures that they audit are correct.
(true/false) and why?