Q: Analyse on the variance between the planned and actual nett profit contribution of all the projects ...
A: Here asking about the total project details of different project which was actual value which are in...
Q: Matoika Manufacturing's sales department has submitted the following sales budget for the upcoming f...
A:
Q: 1. The initial cost of a paint sand mill, including its installation is P 700,000.00. The BIR approv...
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Assume your organization has the following inventory changes during the year: Beginning inventory-1...
A: Introduction:- The term inventory refers to both the raw materials utilised in manufacturing and the...
Q: On December 1, 2021, ABC Company acquired all the assets and liabilities of XYZ Inc. issuing 100,000...
A: Cash 50000 Furniture and fitting 20000 A...
Q: Assume the following for Liana: Adjusted Trial Balance: Debit Credit Balance Accounts Receivable 24,...
A: Ledgers - After recording transactions in the journal next step is to transfer them into ledgers. Le...
Q: n 2014 Janice Martin fulfilled a life-long dream and moved her home-based cottage baking business to...
A: The contribution margin is excess of selling price over variable cost. While analyzing the decision ...
Q: Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $187,000, expenses of $104,700...
A: >Owner’s capital balance is the part of Equity.>It contains the amount of amount invested by t...
Q: uds are sold in cases, with each case containing a pair of earbuds. SOUND CORE began the last quart...
A: The journal entries of the perpetual and periodic inventory system are as follows:
Q: Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in ...
A: Receivable means debtors and turnover mean how many times in a year credit sales is realized. In thi...
Q: Steven Company provided the following information during the first year of operations: Total mercha...
A: Accounts Receivables means accounts related to those customers to whom credit sales has been made bu...
Q: Which of the following is not an example of the application of professional skepticism? 1. Designing...
A: Proper professional care necessitates professional skepticism on the part of the auditor. Profession...
Q: he recording of adjusting entries is supported by the a.accuracy concept. b.matching principle. c....
A: Solution: Adjusting entries are those entries which are made to match the revenues and expenses to t...
Q: Inventory, 12/31/2021 500,000.00 725,000.00 Purchases 1,285,000.00 2,220,000.00 Purchase returns 20,...
A: The cost revenue ratio compares a company's expenses to its earnings and is a measure of efficiency....
Q: ABC COMPANY made the following cash expenditures during 2009 related to development of a new plastic...
A: The question is related to Accounting for Intangible Assets. As per the Standard the development of ...
Q: Euphoria Company had a balance of P820,000 in the professional fees expense account on December 31,...
A: Professional Charges is a money-making account. It is listed under revenues in the first segment of ...
Q: Question 1. A project costs 5,00,000 and yields annually a profit of * 75,000 after depreciation @ 1...
A: Net cash inflows means amount of cash profits that is being received on account of investment in par...
Q: What are the main differences between ARMs and FRMs loans? You need to highlight the differences in ...
A: Loan which are provides to the borrower either in Adjusted Rate of Mortgage or Fixed Rate of Mortgag...
Q: For the year ended December 31, a company has revenues of $324,000 and expenses of $199,500. The own...
A: The closing entries are prepared to close the temporary accounts of the business including revenue, ...
Q: Record adjusting journal entries for each separate case below for year ended December 31. Assume no ...
A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the org...
Q: On December 1, 2021, ABC Company acquired all the assets and liabilities of XYZ Inc. issuing 100,000...
A: Purchase consideration for business combination = Fair value of shares of ABC Company issued ...
Q: Question 3 Which of the following is an analytical procedure that an auditor most likely would perfo...
A: Audit: It implies to the detailed examination and investigation of company's financial records so as...
Q: ny had a profit of 450,00. 1. Assuming that there are three partners that agreed to share equally , ...
A: Solution: Profits are shares based on the profit sharing ratio. When profits are agreed to be shared...
Q: The Dividends account a) appears on the income statement along with the expenses of the business. b)...
A: Dividend is actually what is paid to share holder. it is is distribution of profit that company p...
Q: Which of the following most accurately describes the process of walkthroughs? 1. Inspection of selec...
A: Auditing involves independent examination of the financial records of an entity with a view to expre...
Q: ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On January ...
A: solution given Purchase price 40000 Fair value of current assets of XYZ 26000 Fair v...
Q: The petty cahs fund is $800 On September 5, the petty cash fund needed replenishment, and the follo...
A:
Q: Electrelane Company showed the following balances at the end of its first year: Cash $ 4,000 Prepaid...
A: All assets normally have a debit balance. All liabilities normally have a credit balance. All equity...
Q: PROBLEM: MAY 1 Mr. Tan obtained the funds to start the business by withdrawing P900,000 from his per...
A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.
Q: OSLO COMPANY–First Department Production Cost Report – Weighted Average Method For Month Ended May 3...
A: Equivalent units concept is used when opening or ending work in progress is not 100% complete but pa...
Q: On December 1, 2021, ABC Company acquired all the assets and liabilities of XYZ Inc. issuing 100,000...
A: Purchase Consideration = 100000 x 1.90 = 190000 Fair value of assets taken over Cash ...
Q: In 2018, SoundSmart Company started its production, specialising in manufacturing motorcycle helmets...
A:
Q: The following items are reported on a company's balance sheet: Cash $550,800 Marketable securities 4...
A: Ratio analysis helps to analyze the financial statements of the company. The management can take dec...
Q: A taxpayer received a notice from the BIR to file his 2020 income tax return not later than January ...
A: Failure to pay tax due according to rules and regulations before the stipulated date attracts the in...
Q: ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On January ...
A: solution how much is the Shareholder’s Equity section of the Consolidated Balance Sheet given inform...
Q: 2017 Feb 3 Purchased equipment for $20000, signing a six-month, 9% note payable. Recorded the week's...
A: Journal is a book in which all business transactions are recorded in this book first, therefore this...
Q: roofing company collects payment when jobs are complete. The work fo ne customer, whose job was bid ...
A: Solution: When work has been completed but customers have not billed yet, that gives rise to account...
Q: BC paid finder's fees of P80,000, legal fees of P26,000, audit fees related to stock issuance of P20...
A: solution concept as per the provision of IFRS 3 The direct and indirect cost related to business acq...
Q: The official patterns of coordination and control, work flow authority and communication that channe...
A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three sub-pa...
Q: a. On July 1, Lopez Company paid $2,700 for six months of insurance coverage. No adjustments have be...
A: >Adjusting entries are recorded, as part of completion of accounting cycle. >These are mad...
Q: On March 15, 2014, Rex Company paid property taxes of P180,000 on the factory building for calendar ...
A: As per expense recognition principle, all expenses of the particular period should be recorded in th...
Q: Which sections of an annual report do IFRSs apply to? a) Management report b) Financial statements c...
A: management report is used as a means of communicating whatever information that is essential to be c...
Q: Net income for Inkaleb Inc. for 2020 includes the effect of the following transactions involving th...
A: Depreciation is the charge applied to assets at the end of the period that reduces the total value o...
Q: What is Declan's Designs' 2022 total "Common Stock Issuance" to be reported on its Statement of Cash...
A: The cash flow statement is prepared to record the cash flow from various activities during the perio...
Q: Seoli owned a 20% royalty interest in an oil well. Seoli received royalty payments on January 31 fo...
A: Royalty revenue is reported in the income statement of the company and the expenses would be deducte...
Q: Which of the following activities in not an element of a CPA firm's quality control system to be con...
A: The effectiveness of a company's quality control system is primarily reliant on its employees' abili...
Q: Declan's Designs Balance Sheet Declan's Designs Income Statement ASSETS Current Assets For the Year ...
A: The dividend is declared to the shareholders from the retained earnings of the business.
Q: Record adjusting journal entries for each separate case below for year ended December 31. Assume no ...
A: The adjustment entries are prepared at end of accounting period to adjust the revenue and expenses o...
Q: You have been provided with the following information for City Projects Ltd: Statement of Comprehens...
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or str...
Q: 6. ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On Janua...
A: When a company acquires all the shares of another company, all the assets and liabilities of the tra...
Step by step
Solved in 2 steps
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?If you are saving the same amount each month in order to buy a new sports car when the new models are released, which of the following will help you determine the savings needed? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityUse the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?
- Sarah Wiggum would like to make a single investment and have $2.0million at the time of her retirement in 35years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 14 percent, how soon could she then retire? a. If Sarah can earn 4 percent annually for the next 35 years, the amount of money she will have to invest today is $_____________(Round to the nearest cent.)Sarah Wiggum would like to make a single investment and have $2.0 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 14 percent, how soon could she then retire? If Sarah can earn 4 percent annually for the next 35 years, the amount of money she will have to invest today is Round to the nearest centThis is a personal finance question: If Pete has $1,000 and invests it into a mutual fund that returns 10%, what will be his Future Value in 3 years if the investment compounds annually?
- Consider the two savings plans below. Compare the balances in each plan after 15 years. Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $600 per month in an account with an APR of 5%, while Zach deposits $7200 at the end of each year in an account with an APR of 5%. The balance in Yolanda's saving plan after 15 years was $nothing.Sarah Wiggum would like to make a single investment and have $2.0 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 14 percent, how soon could she then retire? If Sarah can earn an annual return of 14 percent, the number of years until she could retire is________years. (Round to one decimal place.)Sarah Wiggum would like to make a single investment and have $1.7 million at the time of her retirement in 40 years. She has found a mutual fund that will earn 6 percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a 13 percent annual return, how soon could she retire, assuming she is still going to retire when she has $1.7 million? To have $1.7 million at retirement, the amount Sarah must invest today is $_________(Round to the nearest cent.) see attachment for PVIF table
- Consider the two savings plans below. Compare the balances in each plan after 12 years. Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $350 per month in an account with an APR of 6%, while Zach deposits $4200 at the end of each year in an account with an APR of 6%. The balance in Yolanda's saving plan after 12 years was $73552.5673552.56. (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.) The balance in Zach's saving plan after 12 years was? $ (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.)To retire at a decent age and move to Hawaii, an engineer plans to trust her account to an investment firm that promises to make a real rate of return of 10% per year when the inflation rate is 4% per year. If the account currently is valued at $422,000 and she wants to retire in 15 years, how much (in then-current dollars) will have to be in the account for the realized rate of return to be a real 10% per year? Also, write a single- cell spreadsheet function to display the answer.Suppose Ted deposits $10,000 in a savings plan earning 5% compounded annually and Tess deposits $10,000 in a savings plan earning 10% compounded annually. Both leave their money on deposit for 40 years. Because Tess’s rate is twice as great as Ted’s rate, is it true that Tess will earn twice as much interest? Explain why or why not. Then show calculations to prove your point of view. What is the future value for each investment?