T Group Project III for United Airlines

he following information pertains to Sheffield Corp. and its divisions for the year ended December 31, 2021. Sales to unaffiliated customers $3960000 Intersegment sales of products similar to those sold to     unaffiliated customers 910000 Interest earned on loans to other operating segments 60000 Sheffield and all of its divisions are engaged solely in manufacturing operations. Sheffield has a reportable segment if that segment's revenue exceeds $487000. $402000. $396000. $493000.

l SMART ? 2:18 PM © 70% Assignment Details ACC C102-101K FIN ACCTG AND RPRTG 2 | W/S | 7:3... Problem #1 (adapted) Lester and Stephen formed a partnership with capital contributions of P300,000 and P700,000, respectively. During its first year of operations, the partnership earned a profit of P200,000. Prepare a schedule showing the division of profit between the partners under each of the following independent assumptions: 1. Profit is divided equally. 2. There is no profit or loss sharing agreement. 3. A monthly salary of P8,000 will be given to Lester and the balance divided in the ratio of their capital balances. 4. A monthly salary of P8,000 will be given to Lester, 6% interest will be allowed on the capital balances of each partner; and the balance divided equally. Problem #2 (adapted) Loster a nhon formed partnerchin with Submit Assignment ( Previous Next 5. Dashboard Calendar To Do Notifications Inbox

АCC 114 PARTNERSHIP AND CORPORATE LIQUIDATION 1. ABC Partnership is winding up its affairs and submitted the following trial balance at April 30, 2021. Debit Credit Cash Accounts Receivable Inventory Property, plant, and equipment A Loan 60,000 220,000 140,000 990,000 120,000 75,000 C Loan Accounts Payable B Loan A Capital (50%) B Capital (30%) Capital (20%) 470,000 70,000 400,000 400,000 265,000 1,605,000 1,605,000 The partners liquidated the partnership and cash is distributed to the partners at the end of each month. Summary of transaction follows: 1" month: • Only 70% of the accounts receivable is collected, the balance is uncollectible. • P100,000 was received from the entire inventory. • 50% of the property, plant, and equipment is realized at P350,000. Liquidation expenses of P10,000 is paid. P300,000 of accounts payable is paid. P20,000 is reserved for liquidation expenses. The balance of cash is paid to partners. z" month: The remaining property, plant and equipment is…

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21. The following information pertains to the Chicken Wings Company and its divisions for the year ended December 31, 2020: • Sales to unaffiliated customers- P10,000,000 • Inter-segment sales of products similar to those sold to unaffiliated customers- P2,000,000 • Interest expense- P60,000 White has a reportable segment if that segment’s revenue is

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1. Base on the following information provided: Sector: HKG-PHX (12,200 km) Aircraft: A350-900 (2 class: 320 seats, 40 Business Class and 280 Economy Class) Ticket sold: 280 (40 Business Class and 240 Economy Class) Business ticket fare: HKD $18000 Economy ticket fare: HKD $5300 Total operating cost: HKD$ 1.1 million Calculate: a. ASK b. RPK c. Passenger Load Factor d. Break-even Load Factor e. How the airlines reduce the break-even load factor

Ashvin

For Starbucks and other companies whose business models following methods for going global. O A. franchising O B. exporting O C. 100-percent ownership O D. joint ventures O E. licensing

Dinesh Bhai

Please provide answers of c and d. Please find attachment of question Thank you

390,000 682,500 780,000

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Please answer competely and properly

Please provide a solution in good accounting form.   What is the unearned franchise revenue? a. 879 080 b. 512 500

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Ch 5. ABC Company has the following mutually exclusive projects. Year Project A Project B 0 -$19,520 -$16,800 1 11,500 9,500 2 8,750 7,100 3 2,500 3,500 If the company’s payback period is 2 years, which of these projects should be chosen? Group of answer choices Project A Neither Projects Both Projects Project B

Choices are:  2.)  A. 900 B. 880 C. 860 D. 920 3. ) A. 460 B. 380 C. 220 D. 240

sharad

ter 6 Exercises 1 pok int i int 9 ences Exercise 6-19 (Algo) Long-term contract; revenue recognition over time and at a point in time [LO6-9] Assume Nortel Networks contracted to provide a customer with Internet infrastructure for $2,600,000. The project began in 2021 and was completed in 2022. Data relating to the contract are summarized below: Costs incurred during the year. Estimated costs to complete as of 12/31 Billings during the year. Cash collections during the year Complete this question by entering your answers in the tabs below. Required 1 Required: 1. Compute the amount of revenue and gross profit or loss to be recognized in 2021 and 2022 assuming Nortel recognizes revenue over time according to percentage of completion. 2. Compute the amount of revenue and gross profit or loss to be recognized in 2021 and 2022 assuming this project does not qualify for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract…

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5 - The enterprise paid 50,000 TL + 18% VAT royalties to use the composition of a composer as the commercial music of the enterprise. Which is the registration to be made?A) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 260 Rights 50.000 191 Deductible VAT 9.000 102 Banks 59.000B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 261 Goodwill 50,000 191 Deductible VAT 9.000 102 Banks 59.000C) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 267 Other Intangible. Fixed Asset. 50.000 191 Deductible VAT 9.000 102 Banks 59.000D) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 760 Sun. Sales and Mountain. Go. 50.000 191 Deductible VAT 9.000 102 Banks 59.000E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 770 General Management Go. 50.000 191 Deductible VAT 9.000 102 Banks 59.000

Ultimate Construction expects to complete its P1,500,000 fixed price contract at a total costof Pl 250 000 excluding P750,000 previously incurred from an originally estimated totalcost of P1,250,000. Using the percentage of completion method, what should be the balance of the Construction in Progress (CIP) account?*   A. P250,000 B. P900,000 C. P562,500 D. P750,000

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