If a company purchases 5,000 No. 2 lead pencils for $ 800 and plans to use the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (14 reviews)
Typically the cost of supplies pencils in this case is either added to the current asse...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Question Posted:
Students also viewed these Accounting questions
-
If a company purchases its only long-term investments in available-for-sale debt securities this period and their fair value is below cost at the balance sheet date, what entry is required to...
-
if a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of the plastic will be categorized as what type of expense A : selling...
-
If a company purchases 100% of another company and the amount paid is more than the book value of the company purchased and a positive differential exists, explain the three reasons this might occur....
-
A spring is at rest in the vertical direction. When a 5 kg mass is placed upon the spring, the length of the spring compresses to 0 . 2 0 meters. The 5 kg mass is removed and replaced by an 8 kg...
-
What role does exploratory research play in the market research process? How does exploratory research differ from other forms of marketing research?
-
The following question is taken from the June 2011 F8 Paper Audit and Assurance of the ACCA. We are only asking you to consider requirement (a) of the question. You are an audit manager in NAB &...
-
Read about the worldwide problem of sweatshops. Is this a serious issue? If so, what role should the law play in its resolution? What can one student do about it?
-
Waters Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill of $400,000. The Johnson Divisions net assets, including the goodwill , have a carrying amount of $800,000....
-
Unidentified Industries Use the following information to answer the next two questions. Company A Company B Company C Assets Cash and marketable securities 45% 7% 12% Accounts receiv...
-
Harry Jamison, CPA, is planning to set up a business to prepare tax returns. Harry is the only person in the business, at least for now. Can he delegate any work? Should he? Explain.
-
Distinguish between capital and revenue expenditures.
-
Describe how the cost of a multiple asset purchase is allocated to the individual assets in the purchase.
-
Prove by mathematical induction that Hence, determine an expression for 1). %3D 3 r=1
-
Explain the applicability of dignity of person with the help of use cases, sequence diagrams, and class diagram.
-
Why is stable model easier to understand as compared to traditional model?
-
Traditional model requires high maintenance cost. Explain why.
-
Define internal requirements. List and explain the internal requirements for dignity.
-
What are the capabilities to achieve trust? Describe each of them.
-
Spot the flaw. Tabershaw and Lamm (1977) compared the observed and expected numbers of different leukemia types in a study group of workers who had been exposed to benzene during their employment....
-
Question 6.10 Current and deferred tax worksheets and tax entries From the hip Ltd?s statement of profit or loss for the year ended 30 June 2007 and extracts from its statements of financial position...
-
An inclined manometer is used to measure the pressure drop between two taps on a pipe carrying water, as shown in Figure P4.13. The manometer fluid is an oil with $\mathrm{SG}=0.92$, and the...
-
Discuss the role of the control total in accounting information systems. Why are control totals insufficient to guard against data inaccuracies?
-
E. Wilson & Sons, Inc. hired a consulting team from Chesapeake and Associates to discuss application controls for the companys accounting data processing. In one of the workshops, the seminar leader...
-
Mark Goodwin, a computer programmer, had a grudge against his company. To get even, he coded a special routine in the mortgage loan program that erased a small, random number of accounts on the disk...
-
2. The second step in debugging a program is: a. review input values and algorithms b. code trace c. test outcomes d. corner the bug (isolate the anomaly) 3. The third step in debugging a program i...
-
Please provide complete code. . Targeting these learning Practicing OOP concepts in Java outcomes from course outline Instructions Prepare pieces for chess game. All the pieces should have the...
-
. Assignment 2 (Total marks is 60 Marks) Case 1 (20 Marks) Super Tools Pty Ltd has five activity cost pools and two products. It expects to produce 200,000 units of its automobile scissors jack and...
Study smarter with the SolutionInn App