a).Financialinformationhavedifferentgroupofusers.Mentionanysix(6)groupsoffinancial informationusersandbrieflyoutlinetheirinformationneeds.

Q: Describe the difference between a right of first refusal, an option agreement and a buy-sell agreeme...

A: A right of first refusal gives an individual or corporation the contractual right to participate in ...

Q: The subject is Managerial Accounting

A: The operating leverage is calculated as contribution margin divided by operating income.

Q: The auditor has determined that there is a material going concern uncertainty at the company due to ...

A: The answer is option (b) Adverse opinion  refer step 2 for explanation

Q: Question No. 2 Listed below are nine technical accounting terms.   Unrecorded revenue               ...

A: Answer: (1). Book value.     (2). Materiality     (3). Matching Principle     (4). Unrecorded revenu...

Q: Differential Analysis Report for Machine Replacement Proposal (PLEASE SEE QUESTION OVERVIEW IN ATTAC...

A: Answer : Particulars Continue with old machine Replace old machine Differential effect on ...

Q: Determine the interest to be paid from a loan of $8400 borrowed at 7.7% compounded annually for 125 ...

A: Interest is the term which is defined as the payment from the borrower to the lender above the princ...

Q: The management accountant at Miller Merchandising & More, Odail Russell is in the process of pre...

A: Budgeting can be defined as the process under accounting system which is performed at the beginning ...

Q: Accounting Question

A: (1).           Statement of Cash flow                      Particulars   $          Cash flo...

Q: Martinez Corp. issues 4800, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entr...

A: Journal entries are prepared to record the financial and non-financial transactions of the business ...

Q: Mr. Said Al busaidi is a trader of Mobile business. Which of the following transactions will be reco...

A: Cash receipt journal: Cash payments journal is used to record all the transaction which involves the...

Q: The following information pertains to Quest Co.'s Gold Division for the year just ended:   Sales $31...

A: The following information pertains to Co.'s Gold Division for the year just ended:   Sales          ...

Q: Question - 1 Indicate whether each of the following expenditures should De improvements (LI), buildi...

A: Hi student Since there are multiple questions, we will answer only first question. If you want remai...

Q: Which of the following errors will not affect the Trial balance? a. Wrong totaling of purchase jour...

A: the errors that do not affect trial balance? Trial balance is prepared when transactions posted into...

Q: The management accountant at Cranium Enterprises, Rose Brown, is in the process of preparing the cas...

A: Cash Budget - It is an estimation of projected income and projected expense in the business for a pa...

Q: SRJ Corporation entered into the following transactions: The accrual of interest expense on a six-mo...

A: Working capital = Current assets - Current liabilities   Accrual of interest expense increases curr...

Q: 11-Which of the following is an example of Expense of a Merchandise Business? a. Accounts receiva...

A: Expenses means the amount spent on running the business.

Q: What is the use of a bank reconciliation statement?

A: BRS refers to bank reconciliation statement. It is a statement prepared by various organisations or ...

Q: The subject is Managerial Accounting

A: Predetermined overhead rate is the estimated rate by using which overhead costs needs to be applied....

Q: Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the co...

A: Overhead - It is refer to the ongoing business expenses of the business which not creates any produc...

Q: Disadvantage of payback

A: Disadvantages of payback 1. Payback doesn't provide benefit in amount from the project it only provi...

Q: The subject is Managerial Accounting

A: Cash collection in March = (March sales x 10%) + (February sales x 60%) + (January sales x 30%)

Q: 300- Classify each of the following items as a cost, expense, loss, or other category, and explain h...

A: The various aspects of Production may be expenses, revenue, or other loss.

Q: Hudson Ltd's has the following balances (before adjustment of tax) included on its trial balance at ...

A: D. $8,000

Q: 3-The business had 200 units in inventory at 1st February 2018 valued at RO 20. On 10th February Pur...

A: Ending units=Beginning units+Purchase-Sale=200+400-500=100 units  

Q: The subject is Managerial Accounting

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Chaffee Corporation staffs a helpline to answer questions from customers. The costs of operating the...

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which...

Q: ThefollowingtrialbalancehasbeenextractedfromtheledgerofMr.Cole,asoletrader:Trialbalanceasat31Decembe...

A: Income statement and balance sheet are the financial statements that are being prepared in order to ...

Q: Rocky Mountain Airlines Inc. has two divisions organized as profit centers, the Passenger Division a...

A: Part 1: The divisional income statement's operating income is incorrect since the amount of reservat...

Q: The following

A: BRS is the statement that helps in reconciling the variations involved in the balance as per book an...

Q: Assuming that Muscat Trading LLC is a furniture trader in Nizwa. The business wants to raise a Cred...

A: A credit note is a document issued to record in your accounts that a particular amount was returned ...

Q: 10-The business purchased a New Car for office use for OMR 7800.  This transaction was entered on de...

A: Amount excess debited to Car account =  Amount debited to Car account - Car purchased = OMR 8700 - O...

Q: Nizwa Supplies LLC is trading wholesale merchandise business in Muscat. The Business have more Supp...

A: Supplier or vendors are the parties from whom business has purchased goods for use in business. Thes...

Q: Output results of computerized accounting system will be Journal Ledger Financial statements Day bo...

A: The computerized accounting system helps to prepare all the accounting records by computers only.

Q: Assuming that you are a wholesale merchandiser. You sold goods to retail merchandiser under the cred...

A: Goods sold to a retail merchandiser on account. The payment terms of 3/10 n/60 shows that goods are ...

Q: Patrick Inc. makes industrial solvents. Planned production in units for the first three months of th...

A: Total direct labor hrs = Units to be produced x Direct labor hrs per unit Direct labor cost = Total ...

Q: Which of the following document will be given by the supplier at the time of receipt of cash for the...

A: Receipts is issued when some party is paying cash and other is receiving cash . The party receiving ...

Q: C3.9

A: Journal is the book of accounts where monetary transactions are recorded in the chronological order....

Q: Brief Exercise G-17 Wildhorse Co. issued 10%, 6-year, $2,739,400 par value bonds that pay interest ...

A: Issue price of the bonds = Present value of principal + Present value of interest payments where,   ...

Q: Please assist with questions 5.2.1 and 5.2.2

A: Inventory turnover period means in how many days inventory is sold or used in the particular year.  ...

Q: Please answer all 3 parts (a, b and c). Thank you.

A: Trade receivables are the customers that purchase goods from the company on credit. Trade payables a...

Q: 18-It is used to who is responsible for paying shipping and when the title of the goods passes from ...

A: When a Business transaction is executed, it is subjected to certain terms and conditions that govern...

Q: The subject is Managerial Accounting

A: The answer for the multiple choice question and relevant working are presented hereunder :

Q: C3.7

A: A note payable is a written liability that agrees to pay a certain sum of money at a later date or o...

Q: The management accountant at Miller Merchandising & More, Odail Russell is in the process of pre...

A:

Q: Rae Company purchased a new vehicle by paying $10,500 cash on the purchase date and agreed to pay $3...

A: Present value of payment to be made = Quarterly payments x present value factor (3%, 20)

Q: 8-Assuming that you are a wholesale merchandiser. You sold goods to retail merchandiser under the cr...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: After preparing the trial balance, the accountant finds that the total of debit side is OMR 125,600 ...

A: Rectification of errors simply means to correct the mistakes committed while preparing the account b...

Q: Using Microsoft excel, demonstrate the effects of the following transactions on the accounting equat...

A: CAPITAL + LIABILITIES= ASSET

Q: Product Information Unit Sales Price A B $335.00 58204 52% $470.00 3841e 48% Units Manufactured and ...

A: What is Break-Even Point?  It is the point where the cost is equal to the profit or in other words, ...