Why are you taking accounting (or why are you majoring in bu…

Why are you taking accounting (or why are you majoring in business, if that’s why you’re taking this course)? What do you plan on doing after you finish your education? Where are you from, originally? What do you like about accounting? What do you dislike about accounting?  What are your expectations for this course? Why are you taking the online version of this course? Tell me anything else you would like for your instructor to know about you…

Jerry’s parents have decided that he will enroll in the stat…

Jerry’s parents have decided that he will enroll in the state college near their hometown.  Jerry is close to his parents and will probably do what they advise.  According to psychologist James Marcia, accepting his parents’ advice will put James into identity _______.

Department G had 3,600 units 25% completed at the beginning…

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period:   Direct materials (10,400 units at $8) 83,200   Direct labor 63,000   Factory overhead 25,000 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the units started and completed during the period is (do not round unit cost calculations)

The net income reported on the income statement for the curr…

The net income reported on the income statement for the current year was $250,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000, and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:   End Beginning Cash $  50,000 $  60,000 Accounts receivable 112,000 108,000 Inventories 105,000 93,000 Prepaid expenses 4,500 6,500 Accounts payable (merchandise creditors) 75,000 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?