ABC acquired a new Laser Machine worth ₱580,000.00. The center plans to pay 40% advance payment and the balance by quarterly payments for 7 years. If money is worth 9% converted quarterly. How much must be paid quarterly?*

Q: Capri Company began the current period with a $25,000 credit balance in the K. Capri, Capital…

A: Lets understand the basics. Income statement is prepared by closing income accounts and expense…

Q: Statement 1: Consolidated operating expenses will not be affected, in any capacity, by an…

A: An intercompany transaction occurs when one category, department, or unit within an organization…

Q: If there were 40000 pounds of direct materials on hand on January 1, 120000 pounds are desired for…

A: Accounting formulas are used to calculate the budgeted requirements of the direct material to be…

Q: 12. Select the statement that is incorrect concerning the appropriations of retained earnings. a.…

A: Retained earnings is the amount of earnings that is accumulated over the period of time. This is an…

Q: $1: Fees received by professionals in their practice of profession are treated as compensation…

A: In the context of the given question, we should select the correct option.    According to the BIR,…

Q: Gross Sales: Less: Cost of Sales Gross Profit Less: Operating Expenses Packaging, Transpo &…

A: Business Growth Analysis on daily business model

Q: Units produced and sold 150   300   Selling price per unit $400   $200   Variable expenses per…

A: Fixed costs are those costs which generally do not change with change in activity level. Variable…

Q: Special-Order Decision, Services, Qualitative Aspects Jason Rogers works full-time for UPS and runs…

A: Special-order decisions are the situations where management must decide whether to accept unusual…

Q: Jacky saves $15,000 on 20 March 2019 in an account that offer r % simple interest per year. If the…

A: The question is based on the concept of Financial Management.

Q: Required information [The following information applies to the questions displayed below.] O'Brien…

A: Variable costing means that inventory is valued at variable manufacturing cost and fixed cost is…

Q: y cheque £40. dit from: S Hood £145; D Main £206; W T to: J Wilson £112; T Cole £164; F Syme £25…

A: A journal entry is an entry that is entered in the company's record book. Every business transaction…

Q: What audit procedures would you use to determine that the cash balances actually exist at the…

A: Audit Procedure: In the context of financial statements, audit procedures are the steps taken by…

Q: ake-or-Buy, Traditional Analysis ehner Company is currently manufacturing Part ABS-43, producing…

A: Make cost is the cost to produce the product internally. Buy cost is the cost to purchase the…

Q: FRT Company sells each unit for $ 60, variable costs for each unit $ 25, Fixed costs $ 200000 Wants…

A: Formula used: Units to sell for earning a target profit = ( Fixed cost + target Profit ) / Unit…

Q: NEEDED IN 10 MINUTES Computational. ABC sells item A as part of its product line. Information as to…

A:

Q: pulate the following “T-accounts” with the following data $100 million in mortgage-backed…

A: T Shape Extracts of Balance Sheet

Q: Which of these activities are in the scope of IAS 41?

A: The vines are covered by the definition of biological asset as it generates crops of grapes. when…

Q: Audit quality has been in the hot seat in recent times as the registered company auditors had not…

A: To maintain, regulate, and improve the standards of accounting and auditing and to look after the…

Q: er Decision, Services, Qualitative Aspects

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Montana Incorporated began the year with a retained earnings balance of $50,000. The company paid a…

A: Retained earning means the amount left in business after paying all expenses and dividend to…

Q: Bank A Bank B 750,000 Total assets Total loans 950,000 8,000 18,500 Total reserves 40,000 8,000…

A: Formula of return on equity: Return on Equity=Net IncomeTotal Equity Formula of return on assets:…

Q: questions displayed below.] Brodrick Company expects to produce 20,500 units for the year ending…

A: Flexible budget is  not a rigid budget and is prepared for the actual activities .

Q: ed eamings Tota ng stockhol

A: The dividend can be issued either via Cash or via Stock, However Both ways dividend is paid…

Q: financial plan which serves as a framework of accounts A. Appropriation act B. Budget C.…

A: Introduction:- A financial plan is the heart of any business. It gives clear financial picture of…

Q: What is the source of funds within Micro Credit? How does this differ from traditional sources of…

A: The process of getting cash to support company operations, acquisitions, or investments is known as…

Q: On April 15, Compton Co. paid $2,750 to upgrade a delivery truck and $55 for an oil change.…

A: If the useful life of an asset is added or the upgradation is done to an existing assets then the…

Q: Trumpet and Trombone Manufacturing, Inc. began the year with a retained earnings balance of…

A: Introduction: Retained Earnings: Retained Earnings are Shareholder funds. Part of profits are…

Q: A Corp has the following data:• Prime cost of 800,000• Variable Mfg OH of 100,000• Fixed Mfg OH of…

A: Inventoriable cost means the cost which is included in the valuation of inventory. In variable…

Q: Statement 1: An intercompany sale will affect the consolidated net income the same way regardless if…

A: A sale transaction between two businesses which are members of the same consolidated group is known…

Q: The Murdock Corporation reported the following balance sheet data for 2021 and 2020:     2021…

A: The cash flow statement shows the cash inflow and cash outflow that includes the operating activity,…

Q: Special-Order Decision, Services, Qualitative Aspects Jason Rogers works full-time for UPS and runs…

A: Total number of lawns for LStar Property Management Services = No. of rental houses * 2 weeks * No.…

Q: Although Oriole Company has enough retained earnings legally to declare a dividend, its working…

A: 1.  Oriole Company   Stockholders Equity   Common Stock $10 Par                 575,000…

Q: What amount should be recognized as gain on reversal of share appreciation rights in 2021? *see…

A: Compensation Expense- Compensation Expense means all expenses and costs related with compensation…

Q: Net cash provided by operating activities Net cash provided by investing activities Net cash flow…

A: Introduction: Statement of cash flows: In statement of cash flows all the transactions are to be…

Q: 1. Average operating assets 2. Margin 2. Turnover %

A: * As per Bartle by policy, in case of multiple sub parts answer first three ony. Average operating…

Q: How many units must have been completed and transferred if beginning inventory was 75,000 units,…

A: The units completed and transferred are calculated by adding beginning units and units started and…

Q: QUESTION #2 Imagine that households buy $3million worth of cars from firms. Show how the balance…

A: The purchase of cars by households will have a series of impacts on various economic entities…

Q: Which of the following is true? • Depreciation cost is always product cost • Depreciation cost is…

A: An entity may either calculate its net profit through marginal costing or absorption costing…

Q: Credit Sales   2. Purchase of Merchandise " 2/10, N/30"   3. Refund from supplier for returned…

A: under the double entry system they are many type of journals in which recording of transactions is…

Q: 12. Jane Company has granted 200 share appreciation rights to each of its 300 employees on January…

A: Share appreciation rights means where the company has granted a right to its employees to purchase…

Q: Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases…

A: Amount added Allowance for Doubtful Accounts = Estimated uncollectible accounts - Beginning credit…

Q: Please consider the following company items: Other items Tax rate 2.0% 25% Long term growth…

A: Average Weighted The firm's cost of capital, which represents their cost of capital for all sources,…

Q: Treats all cost as period cost except for direct materials • Is very suitable for companies where…

A: Concept of Through put costing

Q: Prepared ledger account for following transaction: 1- Jan Started business with $2,000 in the bank…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: Carol, the accountant for Cool Pte. Ltd. recorded insurance expense transaction as follows:   DR…

A: Lets understand the basics. For recording correct amount of revenue and expenses, adjusting entries…

Q: Throughput costing   • Treats all cost as period cost except for direct materials • Is very suitable…

A: Variable Costing: Variable Costing is technique of costing which does not considers the fixed cost…

Q: Question Content Area 1. Reformulate the segmented income statement using the additional information…

A: As per our protocol we solution to the one question only but as you have asked multiple questions…

Q: Given the following information, complete the cash budget:

A: Cash budget refers to a budget which shows the estimated cash flows of the company during a specific…

Q: men and selle Ex. 6-1. Materials Cost Variances. product with the following material standards: 1…

A: The variance is the difference between standard and actual data of production.

Q: Audit committees have an essential role to play in ensuring the integrity and transparency of…

A: Audit committee is the committee formed by company which is entrusted with the responsibility to…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.