1 How does the cryptocurrency trend affect businesses and consumers (both globally and domestically
Q: You are a Tax Director in the following situations: a) A client of the firm has enquired about how…
A: The Tax Director directs and oversees the tax policies and objectives of an organization. Monitors…
Q: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A.…
A: Introduction: Working capital: Capital used for running the day to day business transactions called…
Q: Based on the problem, what amount of preferred stock on December 31, 2015
A: Issue of shares is one of the important source of finance being used by the business. It consists of…
Q: 43. Assuming the sales mix in Year 5 will be the same as in Year 4, what is the breakeven sales…
A: Break even point means a situation where the is neither profit nor loss. Sales revenue is sufficient…
Q: On January 1, 2018, Laica Company purchased a patent from an original patentee for P2,400,000. The…
A: Intangible Assets Example for Intangible assets are goodwill, patent, Trademark, copyright etc.…
Q: Variable cost ratio is 60%. While breakeven ratio is 65%. Net income is P42,000. Fixed cost must be
A: Break even point= fixed cost / contribution Contribution ratio = fixed cost /65% Given variable…
Q: The following information is available on a depreciable asset: Purchase date January 1, Year 1…
A: Given, Depreciation method = Straight line Useful life(from January 3, year 3 to…
Q: . • Bianca Capital issued 500, $1,000 convertible bonds at 103. Each bond will be converted to 10…
A: GIVEN Bianca Capital issued 500, $1,000 convertible bonds at 103. Each bond will be converted to…
Q: Given the following cash transactions relating to Weatherford Company, what is the net cash flows…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: 0. Aira invested ₱ 7,000.00, part at 4% and the remainder at 8% simple interest. How much is…
A: Interest means the extra amount which we received because of investment made and will be paid in…
Q: As per APES 110, an auditor may not: Select one: perform advisory services for any audit client be a…
A: APES 110 provides the code of ethics for professionals. It also includes the independence ethics for…
Q: A firm expects to sell 24,700 units of its product at $10.70 per unit and to incur Variable costs…
A: Net income is the amount earned by a business after deducting all the expenses from the revenues.
Q: uestion Content Area Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each…
A: The cost of goods manufactured is the sum of the cost of direct labor used, the cost of direct…
Q: Compute the ending inventory on a dollar-value LIFO basis for each year, 2020 through 2023.
A: LIFO is the method which has been used by the company in determining the valuation of the goods and…
Q: 36. What order should the products be made in, in order to maximize profits? Ess Co. manufactures…
A: Lets understand the basics. When there is scarcity of any resources then management try to allocate…
Q: Brooke is evaluating two alternatives for improving the exterior appearance of her Victorian-style…
A: MARR or Minimum acceptable rate of return is the minimum rate of return that investors are expecting…
Q: Hardin Company is a division of a major corporation. The following data are for the latest year of…
A: Introduction:- The following formula used to calculate Residual income as follows under:- Residual…
Q: Shares own 3,000 5,000 9,000 6,000
A: Computation of NAV of the fund : Particulars Amount Amount Market Value of Shares owned by fund…
Q: Required: Prepare a new contribution format income statement under each of the following conditions…
A: Income Statement is a summary of all revenues, gains and all expenses and losses incurred during the…
Q: Sunlight Growers borrows $250,000 from a bank at a 4% annual interest rate. The loan is due in three…
A: Formula used: Interest amount = Borrowed amount x Interest rate x Time period. For calculating…
Q: A company has fixed costs of $270,000, a contributmargin per unit of $14, and a contribution margin…
A: GIVEN A company has fixed costs of $270,000, a contribute margin per unit of $14, and a…
Q: 4. First Metro Pacific was able to persuade Francis to join the company as its Assistant Vice…
A: Fringe benefit tax is paid by employers on certain benefits they provide to their employees or their…
Q: Which one of the following is not a factor that helps determine a company's credit rating? Its…
A: A credit rating can be defined as the evaluation of a person or entity’s ability to pay obligations.…
Q: Use the information provided for Harding Company to answer the question that follow. Harding Company…
A: Quick ratio = Quick assets / current liabilities where, Quick assets = Current assets - Inventory -…
Q: d Make-or-Buy Decision Somerset Computer Company has been purchasing carrying cases for its portable…
A: The differential analysis approach entails taking into account the various costs and advantages that…
Q: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A.…
A: Introduction: Current ratio: It tells the ability of the company to pay its short term obligations…
Q: 2. Pedro Reyes purchased a delivery vehicle on April 1, 2016 amounting to PHP250,000. It is…
A: Depreciation means the amount of expenses written off from the value of fixed assets used in…
Q: Define the following concepts: a) Absorption costing- b) Cost behavour-
A: Absorption costing is a cost accounting method used to value the inventory.
Q: Which of the following describes a corporation?
A: GIVEN the following describes a corporation is
Q: gageNOWv2 | Online teachin X +…
A: Solution.. Finished goods = $326,200 Total manufacturing costs incurred = Finished goods +…
Q: 3. Omega Corporation purchased a motor vehicle worth P1,400,000 for the use of its executive. It was…
A: Fringe benefit tax is a type of tax, which is levied on the employees for the fringe benefits that…
Q: What are the after effects (both short term and long term) of capitalizing the cable costs of…
A: Capital expenditures (CapEx) are cash outlays made by a company to purchase, improve, and maintain…
Q: A corporation commences operations on January 1, 2019. It has the following account balances at…
A: Introduction: Net Assets: Any Asset having economic resource called as Assets. Assets are of two…
Q: se is silent and the tenant no longer wants to stay in lease. They find another individual to move…
A: Accounting for lease, basic concept
Q: what problems do you see with the rule requiring a balanced cyclically adjusted budget?
A: The cyclically adjusted budget balance is known as the full employment budget . the basically…
Q: Why would Commodore’s auditor insist that Rob document any sales booked under the book-and-hold…
A: An auditor is someone who verifies the accuracy of recorded commercial transactions. Auditors are…
Q: 56. What is the gross profit to be reported by the Filipino entity for the year ended December 31,…
A: As per our protocol we provide solution to the one question only but you have asked two multiple…
Q: Find the capital beginning when, Additional Income = 150,000.00 Net Income = 120,000.00 Withdrawal =…
A: Capital Beginning = Capital Ending + Withdrawal - Additional income - Net income
Q: A corporation has the following account balances on December 31, 2019: Accounts 4,200 receivable…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: - Bianca Capital issued 500, $1,000 convertible bonds at 103. Each bond will be converted to 10…
A: Bonds are high-risk financial instruments that allow a corporation to raise funds and fulfill…
Q: P118,000 and by the employer of the wife. How much will be the total gross annual income of the…
A: Gross income is the income which has been earned by the person during the year and gross income for…
Q: From the following information prepare the sale and leaseback agreement for Steven and CO. On…
A: A sale and lease back agreement is a contract between two parties where one party sells an asset to…
Q: For a 30% interest in partnership capital, profits, and losses, Carol contributes a machine with a…
A: A partnership is a sort of business structure wherein the owners have unlimited personal liability…
Q: Blake Department Store sells television sets with one-year warranties that cover repair and…
A: Formula: Total sales revenue = Number of units x Sales price per unit
Q: Pitchfork Company is being sued by a competitor in a lawsuit alleging patent infringement.…
A: Introduction: A contingent liability is an obligation or prospective loss that may arise in the…
Q: Phil Co. leased equipment to MNL Corp. on January 1, 2014 for an 8-year period expiring Dec. 31,…
A: Sales-lease type: It is the type of lease in which the lessor considers the lease transactions as…
Q: Which of the statements below, are potential benefits arising from an assurance service? I.…
A: ASSURANCE SERVICES ARE AN INDEPENDENT EXAMINATION OF A COMPANY'S PROCESS AND CONTROLS . IT AIMS TO…
Q: Bannister Motors Corporation reported the following var
A: Variance manages the cost gauge of the project. It furnishes you with data about whether you are an…
Q: Reward Company made the following acquisitions during the year as follows; Purchased for P5,400,000,…
A: Answer - Working Note - Calculation of Total Cost : Particular Amount Purchase Price…
Q: information prepar nt for Steven and C
A: A sale and lease back agreement is a contract between two parties where one party sells an asset to…
1
How does the cryptocurrency trend affect businesses and consumers (both globally and domestically)?
Step by step
Solved in 2 steps
- The term FinTech includes a huge range of products, technologies, and business models that are changing the financial services industry, referring to a big range of services from cashless payments, to crowdfunding platforms, to robo-advisors, and to cryptocurrencies. true or false?37: What is a venture banking firm? Which job does it play in corporate development and extension?What is the difference between technology risk and operational risk? How does internationalizing the payments system among banks increase operational risk
- What are the driving motivations of the Big Tech companies adopting fintech activities, and providing solutions on B2B / B2C basis?How do Fintech changes the trajectory of financial market? in terms of providing accessibility and convinience to their customer?Given the onset of online/digital banking nowadays, what are the risks thatpeople are faced with when they do digital banking? What are remedies to theserisks
- A currency which is in the digital form and without government's control is called: a. Crowd funding b. Investment banking c. Block chain technologies d. Crypto currencies1) What id the essential purpose for financial markets? 2) Which is more important, the primary market for stocks of the secondary market? Why? 3) How does a ponzi scheme work? 4) Discuss some of the forces that help make markets efficient? 5) What are institutional investors? Why are they needed in our economy? 6) What are some of the differences between a forward contract and a future contract?explain what is bitcoin and why businesses and investor took interest on it.