An ingot of mass 1.148 ¢g contains copper, tin, and lead in the ratio 9:4:1. Cal culate the value of the ingot if the price per tonne f the metals is copper: $1, 250, Tead: $ asò, tin :$8, le00.
Q: 1: A-1 Framing employs three workers who, as of the beginning of the current pay period, have earned...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: Distinguish the rationales for some companies to adopt environmental accounting as part of their acc...
A: Environmental accounting is the accounting in which we identify, measure and communicates the activi...
Q: [The following information applies to the questions displayed below.] The Taurin Partnership (a cale...
A: Accounts receivable- Accounts receivable is the balance of cash due to a firm for commodities or ser...
Q: Gladstone Limited tracks the number of units purchased and sold throughout each accounting period bu...
A: The question is based on the concept of Cost Accounting.
Q: Non-recording of purchases during the current and the non-inclusion of the goods purchased in ending...
A: Solution Concept Purchase is the recorded in the debit side of the income statement Purchase is the ...
Q: PROBLEM #1 Console Company reported capital at P1,700,000 on January 1, 2016 and P2,400,000 on Decem...
A: Capital of the owner means total amount attributable by the owner of the business. It includes cash ...
Q: Calculate the following: a. Composite break-even point in units and in pesos b. Allocated CBEP in un...
A: Contribution means the difference between the selling price and variable cost . Fixed cost when dedu...
Q: Trevor is a single individual who is a cash-method, calendar-year taxpayer. For each of the next two...
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first3. Please resubmit the question ...
Q: ment of supplier’s account is debited to accounts receivable. What is the effect of the error in ass...
A: Supplier account is an account payables account classified under current liabilities .Accounts recei...
Q: If the statement of financial position error is discovered in a subsequent accounting period, what a...
A: The correct answer is given in the following steps for your reference.
Q: Understatement of ending inventory 25,000 30,000 Overstatement of ending inventory 16,000 Omis...
A: Retained earnings balance is calculated after adding beginning balance of retained earnings and net ...
Q: Accrued salaries of P 20,000 was overlooked at the end of 2021. What would be the adjusting entry if...
A: Note: Due to overlooking of accrued salaries, profit will be decline in the year of expense booking....
Q: home office Aa a ret, the ccounting recorts for October were paely dey ronics hae hred you te help f...
A: Answer a) Calculation of Cost of Goods Sold Cost of Goods sold = Revenue – Gross Profit Cost of Good...
Q: Joy, a sole proprietor, and Baby, with no existing business, have decided to form a partnership. Joy...
A:
Q: In year 2022, collection of interest income is credited to Interest Expense. What is the effect of t...
A: While preparing books of accounts, there can be two kinds of mistakes: Error of omission and error o...
Q: Please show working of how rent expense and prepaid rent were calculated on adjusted trial balance
A: The adjustment entries are prepared to adjust the revenue and expenses for the current period.
Q: Fill in the blanks: Pasig Corp uses job order costing to produce its products. It applied a factory ...
A: The overhead is said to be overapplied when actual overhead is less than the applied overhead cost. ...
Q: Compute basic earnings per share for 2021 Compute the diluted earnings per share for 2021
A: Calculation of basic and diluted earnings per share are as follows
Q: On January 1, 2022, Patrick Company purchased serial bonds with face amount of P3,000,000 and stated...
A: Purchase price of serial bond = Present value of annual interest payments discounted at Yeild per ...
Q: Question: Prepare a balance sheet as of the end of the first month based on the information Mrs. Hi...
A: Cash is calculated as a balancing figure.
Q: Liam has a gross income of $120,000 and takes the standard deduction. 1) What are his total tax...
A: Taxation system Here discuss about the details of the gross income and standard deduction to get the...
Q: A company has a share capital of RM1,000,000 fully paid. However, it has made losses and now has a r...
A: Capital reduction is the scheme as the name itself suggests that the scheme by which there will be r...
Q: On January 1, 2022, Isabel Company purchased bonds with face amount of P8,000,000 for P7,679,000 to ...
A: The question is based on the concept of Financial Instruments. Financial Assets are investment asset...
Q: Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost ...
A: The after-tax salvage value of the asset is calculated by deducting the tax rate on the difference i...
Q: Fair value, 12/ Fair value,12/31/2022 3,200,000 3,500,0 3,000,000 3,900,000 2,800,0 3,400,0 e of fif...
A: Fair value is the market value of the property at the end of the accounting year . As IAS 40 , inves...
Q: Which of the following is TRUE of capital gains taxes for domestic corporations? A. They are ex...
A: Capital gains tax is the amount of tax charged by receiving the capital gains such as gain on sale o...
Q: $4,775.68
A: The after tax income of an individual is calculated by deducting the paid taxes from the income for ...
Q: Salary debited to income and expenditure account for the year was Rs. 48000. Outstanding salary paid...
A: Salary paid = Salary debited to income and expenditure account + Beginning salary payable
Q: As per the accrual concept of accounting, any financial or business transaction should be recorded: ...
A: The correct answer for the above question is given in the following steps for your reference.
Q: End of Year data suggests that noise Ltd. has 6000 items of product A and 2,000 of product B, costin...
A: Lets understand the basics. As per IAS 2 "Inventories", inventory needs to be valued at the cost of ...
Q: Miriam deposite an amount of php89632.37 from abc bank on the 7th birthday of her daughter that pays...
A: Interest is the amount which has been earned by the company or the depositor on the money which has ...
Q: Hickory Company manufactures two products—15,000 units of Product Y and 7,000 units of Product Z. Th...
A: percentage to product Y = overhead allocated to Y/total cost percentage to product Z = overhead a...
Q: Recording of next year's sales as sales of the current year will Group of answer choices a. underst...
A: Option a is incorrect because recording next year sales as current year sales will understate our ne...
Q: Non-recording of purchases during the current and the non-inclusion of the goods purchased in ending...
A: Purchases refers to process of acquiring required materials or trading goods by an entity which crea...
Q: Net income at year end will be overstated if a. Prepaid expense is not recognized b. Accrued incom...
A: a. Prepaid expense is not recognized No effect on net income b. Accrued income is not recognized N...
Q: Skynet Unlimited is an innovator in the new industry of neural-networked computer manufacturing. The...
A: Average inventory for 2021 = Starting inventory + Ending inventory2 = 29 + 342 = 31.5
Q: On January 1, 2025, Ariana Corporation issued its 8%, 5-year convertible debt instrument with a face...
A: The correct answer is for the above question is given in the following steps for your reference.
Q: PSb 5-4 Calculate SUTA Tax For each of the following independent circumstances calculate the SUTA ta...
A: Given, The rate of SUTA tax is 3.4% and taxable earning threshold is $ 8,500 2. Two employees hav...
Q: ision as discontinued operation. For the year ended December 31, 2022, the disposal group incurred t...
A: Loss from discontinued operation is reported as separate line item below the income from continuing ...
Q: Depreciation of equipment during 2021 was understated by P 12,000. What would be the adjusting entry...
A: In 2021 depreciation expense is understated which means Accumulated depreciation is understated and ...
Q: ABC Company provided you the following net income and inventories for 2021 and 2022: ...
A: While calculating net income as per Weighted average method, ending inventory as per weighted averag...
Q: Process costing metnod IS sultable for: Road roller manufacturing company O Steel industry Crane man...
A: Process costing is a costing technique adopted by those industries which satisfied the following con...
Q: Mr. A sold his family home for P5,000,000. He bought the land for P1,000,000 and introduced improvem...
A: calculation of capital gain are as follows
Q: Sarasota Corp.'s gross payroll for April is $50,300. The company deducted $2,217 for CPP, $1,073 for...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: Current Attempt in Progress Cullumber Corporation reports the following January 1, 2020 balances for...
A: preparation of pension worksheet are as follows
Q: Case 3: DREXLER CORPORATION Information concerning Drexler Corporation's intangible assets is as fol...
A: as per the guidelines we can provide the answer for 3 parts of question ( as question have more than...
Q: Learning Task 1: Identify or classify the different account titles as to whether they belong to Asse...
A: Assets are divided into two Current assets and Noncurrent assets. Current assets are all the assets ...
Q: Depreciation of equipment during 2021 was understated by P 12,000. What would be the adjusting entry...
A: Note: Understated depreciation mean depreciation expense are booked lesser than the actual depreciat...
Q: I buy house on credit. The operation will Select one: O a. not change my total assets O b. decrease ...
A: The assets are the accounts which are owned by the business. The assets have debit balance. The lia...
Q: Explain and enumerate the differences between a Partnership and a Corporation.
A: Partnership Firm: Partnership firms are formed when two or more people join forces to start a compan...
Clear and clean solution please thank you
Step by step
Solved in 2 steps
- 37 Shipping expense is P9,000 for 8,000 pounds shipped and P11,250 for 11,000 pounds shipped. Assuming that this activity is within the relevant range, if the company ships 9,000 pounds, its expected shipping expense is closest to (nearest peso):The ore of a copper mine in Visayas contains, 0.7 grams of copper per ton. First method of processing costs Php 1,050 per ton and recovers 94% of the copper, while another method costs only Php 900 per ton and recovers 80% of the copper. If copper can be sold at Php 10 per gram. a) how much is the net profit using the first method? b) which method is better?If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the interest and store keeping charges are 20% of the value and the cost of placing of an order and receiving the goods is RO 60, how much material should be ordered at one time?
- An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are X - 125,000, Y - 75,000, and Z - 100,000. The freight charges on this shipment of 18,000 pounds total 7,500. Weights for respective materials are 10,000, 6,000, and 7,500 pounds. Required: 1. Cost per pound to be entered on the stock cards for each material, based on cost. 2. Cost per pound to be entered on the stock cards for each material, based on shipping weight.ASAP In the production of a certain product, two operation are available. One willproduce 40 units of the finished product per P1,000.00 worth of raw materialsand will cost P4.20 per unit of the finished product. The other process willproduce 44 units of the finished product per P1,000.00 worth of raw materialsand will cost P5.60 per unit of the finished product. What is the break-even point in unit value of the finished product below which the low efficiency processshould be used and above which high efficiency should be used?The Johnson Corporation reported a LIFO reserve of $45,000 at the end of the year. The beginning LIFO reserve was $60,000. The cost of goods sold was $260,000 under LIFO. The cost of goods sold under FIFO should be: Multiple Choice $245,000. $260,000. $275,000. $305,000.
- For a material Z, annual carrying cost of material is 3.6 per unit, where the total carrying cost of 9,000 per annum. Assume that there is no Safety stock of material Z. Find the Economic order quantity for material.The order quantity of a raw material is 3,000 kg. Safety stock of 2,200 kg is held. The stockholding cost of the raw material is GH¢1·40 per kg per annum. What is the total annual stockholding cost of the raw material?A. GH¢2,640B. GH¢4,200C. GH¢5,180D. GH¢5,740Presto Corp. had total variable costs of $180,000, total fixed costs of $110,000, and total revenues of $300,000. Compute the required sales in dollars to break even. (Round answer to 0 decimal places, e.g. 1,225.)
- Corona Enterprise (CE) produces a variety of herbs from processing 1 ton of Krypton, a rare mineral. Material and processing costs total RM60,000 per ton, where 1/4 of its are allocated to product C19. About 7,000 units of product C19 are produced from each ton of Krypton. The units can either be sold at the split-off point for RM9.00 each, or processed further at a total cost of RM9,500 and then be sold RM12.00 each. On the other hand, CE also processes the other 3/4 of ton of krypton to produce herbs for use in cosmetic products. However, there is an outside supplier has offered to sell the herb to CE at a price of RM35 per unit. CE is currently producing the herb at 15,000 units. To evaluate this offer, CE has gathered the following cost information as if the herb is produced internally. RM/unit herb RM/15,000unit herbsDirect materials (Krypton) 14 210,000Direct labour…This year, Lambert Company will ship 1,500,000 pounds of goods to customers at a cost of $1,200,000. If a customer orders 10,000 pounds and produces $200,000 of revenue( total revenue is $20million), The amount of shipping cost assigned to the customer by using ABC would be a. Unable to be determined. b.$8,000($0.80per pound shipped) c.$24, 000(2% of the shipping cost) d. $12,000(1% of the shipping cost) e. None of theseZonker NV purchases 500 units of an item at an invoice cost of €30,000. What is the cost per unit? If the goods are shipped f.o.b. shipping point and the freight bill was €1,500, what is the cost per unit if Zonker pays the freight charges? If these items were bought on 2/10, n/30 terms and the invoice and the freight bill were paid within the 10-day period, what would be the cost per unit?