Explain accountant of the company

Assignment Help Managerial Accounting
Reference no: EM133239992

The following trial balance has been extracted from the books of Aquamarine Pty Ltd. As an accountant of the company, the management has required you to present to them the following:

Account Name

Balance

Wages

32400

Sales

278600

Rental Revenue

10580

Land

75200

Inventory

38760

Depreciation - Buildings

2900

Cost of Goods Sold

195864

Capital

148741

Buildings

100000

Accumulated Depreciation - Buildings

24000

Accounts Receivable

29392

Accounts Payable

12595

How much total operating expenses did the company incur for the year ended 30 June 2019? The operating expenses were Answer.

Reference no: EM133239992

Questions Cloud

Bowflex television ads : Bowflex's television ads say you can get a fitness machine that sells for $999 for $33 a month for 36 months. What APR are you paying on this Bowflex loan?
How much is the interest rate that y should impose to x : In the following year the inflation rate will increase by 1%. How much is the interest rate that Y should impose to X?
What is the cost of new common stock : Cost to issue OS is 5% of market value. What is the cost of new common stock?
Gorman business to business sales : We read in Gorman's business to business sales article, How Today's Buyers Buy, that the phrase, "Great idea, let's do it!" is rarely heard from today's buyers.
Explain accountant of the company : The following trial balance has been extracted from the books of Aquamarine Pty Ltd. As an accountant of the company, the management has required you to present
Discuss societal context and power as it applies to family : Respond to the following essay questions about Lacey Schwartz and her family. Discuss societal context and power as it applies to this family
Why cant the data be freed : COMPUTER A 360 University of Notre Dame shows that data is acknowledged beyond the cumulative acknowledgment point, why can't the data be freed?
Compute net income and other comprehensive income : Compute (1) net income, (2) other comprehensive income, (3) comprehensive income, and (4) accumulated other comprehensive income.
Explain gallons of a chemical free cleaning product : A company spent $750,000 to produce 225,000 gallons of a chemical free cleaning product that can be sold for $6.00 per gallon. This product can be further proce

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd