A person is planning to purchase a car. A new car is costing rupees 3 lacs. The resale value of the car at the end of the year is 85% of the previous year. Maintenance and repair cost during the first year are rupees 10000 and they increase by 15 % every year. The minimum resale value of the car can be rupees 75000. (a) When should the car be replaced to minimize average annual cost? (b) If interest rate of 12 % is assumed, calculate the average cost at the end of 10 years.\

Q: Cash Note Recenable P 67,075 70,000 176,500 Accounts Receivable Allowance for Bad Debes 5,400…

A: Solution..   Net sales  = Sales - sales return - sales discount  = 572,875 - 11,000 - 6,400  =…

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A: The cost per unit under absorption costing consists of variable and fixed manufacturing costs.  The…

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A: Wages payable  is an current  liability  in balance sheet.

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A: Closing Entry: At year-end, all expenses and revenue accounts are transferred to Income statements…

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A: Liability is the present obligation which arises as a result of past event and required to be paid…

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A: In this reverse calculation needs to be done  Gross profit = Net profit + expenses  Sales - COGS =…

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A: The answer is stated below:

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A: Transfer price refers to the price which is used by the related parties to charge one another. For…

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A: Lets understand the basics. For calculating the requirement, we will need to use below formulas.…

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A: As per the guidelines, answer of first question is provided. For the second questions, kindly repost…

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A: Research & Development Expenses: Direct expenditures linked to a company's efforts to create,…

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A: 1. Preparation of standard cost card   Standard Quantity Standard rate Standard Cost per unit…

Q: Question 23 Based on the following information provided by Max Trading Company on December 31, 2000,…

A: Solution..     Net sales  = Sales - sales return and allowances - sales discount  = P780,000 -…

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A: Adjusting entries are the journal entries passed at the end of the accounting year in order to…

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A: An unfriendly or hostile merger occurs when the management does not agrees but the shareholders do…

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A: Answer -  Journal Entry for 2020 -  Date  Particulars Debit Credit 12.31.2020 Trading…

Q: ancing for an acquisition structu either an asset or stock acquisit

A: To explain the correct option as,

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A: Child and dependent care credit: According to IRS, the person ( who incurred any expenses for the…

Q: Xylophone Pty Ltd is a private company with a number of shareholders who are all founders of the…

A: given   Xylophone Pty Ltd is a private company with a number of shareholders who are all founders of…

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A: Journal- Journalizing is the process by which businesses record their transactions in an orderly…

Q: Buchanan Company currently sells 4,000 units of product Q for $1 each. Capacity is 5,000 units.…

A: Increase (decrease) in income on acceptance of order = Net income if order is accepted - Net income…

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A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: es:

A: Here PQR corporation is the entity and  the question is about the taxable income.   There is…

Q: Assume a firm has a cash cycle of 73 days and an operating cycle of 127 days. What is its payables…

A: Answer) Calculation of Payables Turnover Payables turnover = 365 days/ Days’ payable outstanding…

Q: Which asset never depreciates in value?

A: Depreciation arises due to wear and tear or obsolescence of an asset or by passage of time.

Q: What role Do accountants play in decision making? 1. Cost reduction 2. Implementing and managing…

A: Cost reduction is the process of reducing cost by eliminating non value added expense. Generally,…

Q: Required: Make the journal entries, post it to the general ledger and Prepare Trial Balance.

A: The Journal book includes all business transactions recorded in the order in which they occur.…

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A: Carrying amount = Face value * Fair value at December 31, 2021

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A: Labor costs refer to the cost incurred on the wages paid to the workers who are directly or…

Q: Question 1: How does Ethical reasoning affect both professional judgment and individual judgment…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following would be an example of a reasonable assurance engagement?

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Q: Agricultural assets are examples of PP&E (Property, Plant, and Equipment) Select one: True False

A: Agricultural assets are assets used in agriculture or farming. The concept asked in question is…

Q: Acquisition is the purchase of all or a portion of a corporate asset or target company.

A: The company that acquires the asset or shares of the company is called the parent company. Whereas,…

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A: The question is based on the concept of Cost Management. A cash budget is a forecast of expected…

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A: Formula: Accounting equation: Assets = Liabilities + Owners equity

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A:

Q: Outline the relevant forces that exert pressure on Legal & Tax as an organisational system to…

A: Gender mainstreaming means integrating the concept of gender equality into all categories and levels…

Q: If the fixed manufacturing costs were $18,270 and the fixed selling and administrative expenses were…

A: Variable cost is the cost that changes with the change in the output level.

Q: The following are budgeted data: January February March 15,000 20,000 18,000 18,000 19,000 16,000…

A: This question requires us to calculate Budgeted Purchases of Raw Materials for February month, the…

Q: ame of 50,000 units. Per Unit Total $50 26 Facturing overhead 20 turing overhead $600,000

A: DM   $   50.00  DL   $   26.00  VOHs   $   20.00  Var S&M  Exp   $   19.00  Variable…

Q: I. Compensation and business income are returnable income that are subject to final income tax. II.…

A: Taxable income A taxable income refers to the income on which the tax has been imposed. It is the…

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A: Formula: Depreciation rate = ( Annual Depreciation expense / depreciable value ) x 100

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A:

Q: United states taxation question: Mcdonalds corp buys the assets below during 2021. Assuming no bonus…

A: half year convention applies to the property other than real estate. Mid month convention is applied…

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A: Solution 1:       Impact on net income on discontinuing racing bike Particulars Current Total…

Q: ction is C=300+0.8Yd, how much do mber without any Euro symbol)

A: "When potential GDP is more than the actual GDP then there is a output gap which can be closed by…

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A: Selling price per unit = $971,850 / 20,900 units = $46.50   Variable cost per unit = [($188,352 +…