According to Simon (1999) the most appropriate Lever of Control to address a lack of opportunity or fear of risk is? a. Interactive Control Systems. b. Belief Systems. C. Boundary Systems. d. Diagnostic Control Systems. e. Short- and Long-Term Incentive Systems.

Q: Three years ago, you founded your own company. You invested $120,000 of your own money and received…

A: Given that, Series A = 6.0 million or 6,000,000 shares  Series B = 1,000,000 shares  Series C =…

Q: An auditor working with a publicly traded client learns that the client has been completing stock…

A: The answer for the question on the insider trading is discussed hereunder : What is insider trading?…

Q: Strait Co. manufactures office furniture. During the most productive month of the year, 3,200 desks…

A: Lets understand the basics. In high low method, fixed cost and variable cost gets separated from…

Q: If fixed costs are $265,000, the unit selling price is $125, and the unit variable costs are $76,…

A: Break-even point is considered as the point of revenue (or sales) at which the total…

Q: t December 31, 2022 Mindoro Corporation’s taxable profit is P5,000,000. The following items are the…

A: Lets understand the basics. When there is temporary taxable differencce arise between the taxable…

Q: On a set of internal interim financial statements, which numbers would be the most relevant to use…

A: Financial statements are those statements which are prepared at the end of financial period to…

Q: the purpose of grossing up of Interests in calculating taxable income from Int

A: Taxable income refers to the sum value of money gained by an entity on which the government implies…

Q: Determine the break-even point in units of X and Y.

A: It is given in the question that there are two products which are the X and Y product respectively…

Q: On 31/03/2022, Sea Ltd (the parent) sold equipment with a carrying amount of $290,000 to Bill Ltd…

A: depreciation is charged on yearly basis by taking certain percentage. there are different method…

Q: Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: The comparative statements of financial position for Judy Inc. are presented below: JUDY INC.…

A: Cash flow from operating activities :— It is one of the section of cash flow statement which shows…

Q: Supler Corporation produces a part used in the manufacture of one of its products. The unit product…

A: Financial Advantage :— If benefits from the alternative plan is more than the current plan then…

Q: Use the information provided below to estimate the market value of the office building that has been…

A: The direct capitalization method is obtained by taking the income recorded over time and dividing it…

Q: Double Bounce Trampolines produces two models of trampolines for backyard fun. The "Original", and…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Percise 5-10 Calculating expenses and cost of goods sold-perpetual LO1, 3, 5, 6 Westlawn Company…

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

Q: 6%-During year 3 ABC company agreed to sell a subsidiary. The sale was completed in March year 4 and…

A: Financial statements are the written records of the financial activities entered into by the…

Q: (a) Why is the BSC approach to performance measurement more useful for measuring performance for…

A: The Balanced Scorecard is a method which displays organization's performance into four dimensions…

Q: You are the audit team assign to audit the unaudited set of financial statements for XYZ Company…

A: Audit procedure refers to the method or way of collecting as well as analysing the data for…

Q: Under the indirect method to prepare the statement of cash flows, a decrease in a current asset…

A: Cash Flow from operating activities :— It is the flow of cash & cash equivalents related to…

Q: 3. Frisco Company recently purchased 108,000 units of raw material for $583,200. Three units of raw…

A: The variance is the difference between standard data and actual costs incurred during the period.…

Q: On January 1, 2022, C and D form an equal partnership to which C contributes machinery with a tax…

A: Introduction Straight-line basis: A method of computing amortization and depreciation or the…

Q: d) A company uses an overhead absorption rate of $3.50 per machine hour, based on 32,000 budgeted…

A: Given that, Budgeted machine hours = 32,000 hours  Overhead absorption rate = $3.50 per hour  Actual…

Q: Rehearsal Corporation purchased equipment on Jan 1, 2020, for $250,000. The equipment was expected…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: Blossom Ltd. purchased a new machine on April 4, 2017, at a cost of $156,000. The company estimated…

A: Depreciation: It is the reduction in the value of asset over the time because of its use or…

Q: The Gourmand Cooking School runs short cooking courses at its small campus. Management has…

A: The variance analysis is performed to compare the actual results with budgeted data of production.…

Q: Bank charges is an example of a timing difference. True or False Interest on overdraft is an example…

A: A bank reconciliation statement compares an entity's bank account with its financial records by…

Q: Determine the annual worth (AW) of a project, where it requires capital investment of BD 40,000, has…

A: Annual Worth = AW is an equal annual series of dollar amounts, over a stated period (N), equivalent…

Q: Write a literature review on the impact of covid-19 on accounting professions.

A: The outbreak of COVID-19 has created a crisis in health, education, & Profession, and other…

Q: Discuss 3 objectives of an exit conference of internal auditor.

A: A company's corporate governance and accounting procedures are all subject to evaluation during an…

Q: Kitchen Enterprises is evaluating a proposal to  lengthen its credit period from 30 to 45 days. All…

A: Accounts receivables are those customer accounts to whom business has made credit sales on account…

Q: As a result of remodeling services it performed on the site, La Mesa Construction, Inc. files a…

A: Claim refers to the term in which a creditor ensures to receive the payment from a debtor in…

Q: Hardy Co's unit production cost under variable costing is $21, and $28 under absorption costing. Net…

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

Q: Calculate the missing values +

A: Net income is the income which has been earned by the company during the year when all the expenses…

Q: Q9. Which of the following are generally not considered motives for mergers?   Desire to achieve…

A: A merger refers to a strategic move wherein one or more companies is united with another company and…

Q: Gamma Corporation has E&P of $7,000 and 1,000 shares of stock outstanding before the following…

A: The companies sometimes redeem the some of shares and in that they also transfer the some of assets…

Q: 6. The cost unit overhead absorption rate can only be used if the business has one standard cost…

A: A method of allocating overhead and indirect expenses to goods and services is called activity-based…

Q: find his balance as of April 30.

A: It has been mentioned and given in the question that bank charges $3.00 per month on the accounts as…

Q: The cost of utilities (e.g. water and electricity) of a company is expected to increase at a rate of…

A: Introduction Equivalent annual cost  The equivalent annual cost is the overall amount of…

Q: What the responsibilities of the firm of accountants as far as money laundary is concern.

A: Money laundering is the process of obscuring the source of funds earned through illegal activities…

Q: (b) AC). At May 31, 2022, the accounts of Ivanhoe Company show the following. 1. 2. 3. 4. (a) May 1…

A: Cost of goods manufactured - Cost of Goods Manufactured is the total cost incurred for manufactured…

Q: A comparative balance sheet and an income statement for Burgess Company are given below:   Burgess…

A: Introduction: A cash flow statement is a financial report which summarizes a company's cash inflows…

Q: A project requires an initial investment of BD 75,000, has a salvage value of BD 15,000 after 4…

A: In the above question, Initial investment of project= BD 75,000 Annual expenses= BD 5,000 Salvage…

Q: Double Bounce Trampolines produces two models of trampolines for backyard fun. The "Original", and…

A: Lets understand the basics. There are two type of costing methods are generally followed which are,…

Q: Statement of profit or loss and other comprehensive income Revenue from contracts with customers…

A: According to the given question, we need to prepare the vertical and horizontal analysis of the…

Q: The FASB and IASB prefer the direct method of reporting operating cash flows on the statement of…

A: Cash Flow From Operating Activities :— Cash flow from operating Activities are the principal revenue…

Q: (a1) * Your answer is incorrect. Compute for each year the inventory turnover. (Round answers to 1…

A: Inventory Turnover Ratio :— It is the ratio of cost of goods sold and average inventory.   Days in…

Q: On September 1, 2019, Pelican Ltd exchanged 10,000 ordinary shares held in treasury for a used…

A: The treasury stock includes the own shares of the company that are purchased from the shareholders.…

Q: Instructions Prepare a sales budget for February. Prepare a production budget for February. Prepare…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: If Salim and Lathika decide to purchase a house in which they want to live, what is the EARLIEST…

A: Home buyers plan is the plan which is used by the taxpayers of the Canada Country so that they can…

Q: X purchased 40% of Y on January 1,2019 for $400,000. Y paid dividends of $50,000 in  each year. Y's…

A: The equity method is used when the investor holds any significant influence over the investee…