answer is not one of my choices, can you help me do it again? These are the answers I was given $26,965 $6,090 $5,725
Q: Indicate for each transaction the account(s) and amount(s) that should be debited and credited.…
A: Answer:- Debit meaning:- In accounting, a debit is generally known as an entry. In essence, it is…
Q: Furniture has a beginning inventory of 3 dining tables at a cost of $1,400 each. During the year,…
A: Solution: Under weighted average method, average cost per unit is applied to units sold and ending…
Q: Tots-To-Go, Inc., has two divisions—the seat division and the stroller division. The seat division…
A: a. Compute the contribution margin earned annually by each division and by the company as a whole…
Q: EcoSacks manufactures cloth shopping bags. The controller is preparing a budget for the coming year…
A: Production Budget :— This budget is prepared to estimate the number of units produced during the…
Q: Roe Construction Company uses the percentage-of-completion method of accounting. In 2021, Roe began…
A: Under the Percentage of completion method, the revenue is recognized at different stages as agreed…
Q: 1. From the following balances taken from the books Shane Ltd. for the year ending March 31, 2022,…
A: The trade account, which makes up the first section of this account, is used to calculate the…
Q: At 31 October the balance on the payables control account in Mark’s general ledger is $79,850 and…
A: The entity that has provided a product, service, or loan and is owed money by one or more debtors is…
Q: 7. When the debit column total of the income statement section of the work sheet is greater than the…
A: Income statement is the financial statement that records the income and expenses of the business.…
Q: If an investment bank offers both underwriting/distribution functions and investment advisory or…
A: Considering the ethical and guidelines issued by the US securities and exchange, the material non…
Q: Define Cash Management. Discuss in detail the factors that determine the needs cash of a firm
A: Cash management is the process of handling cash within a business. This includes aspects such as…
Q: Stuff Company is a subsidiary of Pland Corporation and is located in Madrid, Spain, where the…
A: The cost of goods sold is the cost incurred during the manufacturing of sold goods. All the direct…
Q: Determine the marketing return on sales (marketing ROS) and return on marketing investment…
A: The amount that is calculated for the purpose of finding out whether the current marketing strategy…
Q: What is the difference between convertible bonds and bonds with warrants?
A: A convertible bond is a type of debt that can be converted into equity. This means that the holder…
Q: Tonbridge Corporation makes a health beverage named Tonbridge that is manufactured in a two-stage…
A: The term "cost of production" refers to the sum total of all expenses that a company must pay in…
Q: Sigma Company had Inventory balance at the beginning of January in the amount of $315 000. The…
A: Journal Entries - Journal Entries are the record of the transactions entered into by the company…
Q: Which of the following statements accurately describes the "relevant range?" a. The operation…
A: The relevant range is production range in which fixed costs remain constant. Fixed cost is a cost…
Q: ntroduction and client background You are an audit senior in Riskam and Co and you are commencing…
A: Introduction The term "audit" often refers to a review of financial records. A financial audit is an…
Q: Jalapeño Corporation and Habanero Corporation formed a partnership to construct a restaurant.…
A: Initial Basis is calculated at the time of beginning of partnership when the partners contribute…
Q: Current Attempt in Progress The following are a series of unrelated situations. Answer the questions…
A: BAD DEBT EXPENSES Bad debt Expenses is a Amount which is uncollectible from the Customer due to…
Q: Tangerine Corporation is considering a property distribution to its shareholders. If appreciated…
A: When it comes to an identical piece of property, the shareholder's basis may be different from the…
Q: 3. On June 30 of the next year, Jarden concludes that a customer's $5,800 receivable is…
A: Introduction:- Allowance for doubtful debts is the amount of uncollectible dets (Accounts…
Q: Trial balance o
A: The statement of financial position helps the stakeholders to identify the financial position of the…
Q: Transactions of Sheridan Corporation are as follows: 1. The company is granted a charter that…
A: The total amount of money that a company's owners have put into the enterprise is referred to as the…
Q: After working this problem out what is the figure to be placed in the cash book: (ix) A long-term…
A: A cash budget is an estimate of a corporation's cash flows for a given time span. A cash budget is…
Q: (a) What is the internal rate of return of this investment? (b) The hurdle rate is 13.5%. Should the…
A: Internal Rate of Return (IRR) is the rate at which present value of cash inflows is equal to the…
Q: On January 1, 20X1, Shaw purchased 100% of the stock of Poe in a transaction that was properly…
A: In the books of Shaw (in $) S.no. Particulars…
Q: King Corporation began operations in January, year 1. The charter authorized the following share…
A: Journal entry is the procedure for initially documenting commercial transactions in the books of…
Q: 5. The following accounts were taken from Nash Inc.'s trial balance at December 31, 2025. Net credit…
A: Bad debts expense: Bad debts expense is recognized in the books of the company when a debtor is…
Q: Current Attempt in Progress The following data were taken from the records of Shamrock Company for…
A: Cost of goods manufactured - Cost of Goods Manufactured is the total cost incurred for manufactured…
Q: Under the periodic inventory system, which of the following is a correct closing entry? A) Income…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: For the year ended December 31, 2022, the job cost sheets of Carla Vista Company contained the…
A: The inventory known as "work in process" (WIP) is a term that is used to refer to materials that are…
Q: Question 2 ASAP.. Bintang has a laptop with a purchase price of IDR 11,375,000. After using his…
A: Introduction:- Sum of the year Digits depreciation:- Depreciation is a non-cash expense.…
Q: You are negotiating a transaction for your client, Shark Corporation. Parties on the other side of…
A: In a transactional negotiation, two or more parties try to come to terms on a trade of something of…
Q: Operating profit earned by M/s Asmit & Khurana in 2021-22 was $17,00,000. Its non-operating incomes…
A: The amount of money your business produces over a certain time period after deducting all operating,…
Q: Ma Mannheim Corporation is ready to emerge from Chapter 11 bankruptcy under a reorganization plan…
A: The creditors represented by the prepetition liabilities subject to compromise agree to take…
Q: Use the formula P = FV/(1 + R)N Inez wants to have $15,000 in 2 years. Calculate how much Inez…
A: Inez has to invest $13,316 today to receive $15,000 in 2 years.
Q: lation below, answer the following questions. A convertible bond has the following features:…
A: ANSWER:- a) No of Share = 18.18 b) Value of this bond as debt = 686.27 c) Value of the bond in…
Q: 41. On July 1, 2022, Exploding Kittens Company acquired 700,000 shares of Bad Dog Company at a price…
A: Goodwill is the amount which is paid in excess of the fair value of identifiable net assets acquired…
Q: Saidina Laum 2. Which payroll tax is levied on both employers and employees?
A: The term "payroll tax" refers to a broad range of taxes that employers are required to pay and, in…
Q: r Containers sold marketable equity securities, land, and common stock for $40.0 million, $13.5…
A: Answer : Net cash flow (Outflow) from financing activities : ($ in million) Cash flow from…
Q: Denzil Co. purchased land as a factory site for $600,000. Denzil paid $60,000 to tear down two…
A: Certain expenses incurred when purchasing land should be classified as land because they are…
Q: What is the limitation on loss utilization? 4. Look at the special charitable contribution rule.
A: There is a flow of the income or loss or any other things which a shareholder get from the…
Q: Suppose Grant is currently distributing 40% of its earnings in the form of cash dividends. It has…
A: Meaning: The sustainable growth rate is the rate of growth that a company can expect to see in the…
Q: Shareholders of the two companies agree that a single class of shares be issued, that their…
A: When a firm buys another company's entire business, goodwill arises. The cost of buying the business…
Q: Biondi Industries is a manufacturer of chemicals for various purposes. One of the processes used by…
A: The cost of the purchased goods plus any applicable freight costs and taxes equals the carrying…
Q: ITS Corporation produced 350 units of product ABCD. To produce this, the company used 1,800…
A: Standard costing is a branch of cost accounting in which predetermined costs are compared with…
Q: Production data show 15,000 units were transferred out of a stage of production and 5,000 units…
A: Particulars Calculation Amount ($) Direct Material cost 15000 x 5 75,000 Conversion cost…
Q: On July 1, 2021, GIl Inc. received 103,288 for each 100,000 face value bonds, 12% bonds, a price…
A: One of the source used by the business organizations in order to meet their financial requirements…
Q: Help fill in rest of chart
A: Accounting Equation - Formula - Assets = Liabilities + Equity An accounting Equation is a horizontal…
Q: LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing…
A: Computation of equivalent units is always based on the units introduced into the production process.…
Your answer is not one of my choices, can you help me do it again? These are the answers I was given
Step by step
Solved in 2 steps
- the answer to this question is Q8.8= Taxes paid 5 $14 850 just need to find how we get that answer for this question, please help NO EXCELA real estate agent makes 2.9% of commission when she sells a house. She sold a house for $440,000. How much money did the real estate agent bring home? $12,760 $1063 $13,500 $14,600aries it by wayard while on his way home. he survived but had to pay P250,000 for his hopitalization. he was unable to work for 6 months and did not receive his usual P20,000 monthly salary. he sued the bus company and was awarded by a final judgement a sum of P560,000: P150,000 as a reimbursement for his hospitalization, P120,000 for his lost salaries, and P250,000 as moral damages for his pain and sufferings. 1. How much did he realize when he collected from the judgement?
- B6 Which of the following taxpayers will have an adjustment on their Schedule CA (540), Part I, Section A, line 1? Abdul earned $40,000 of wages while working at the local pharmacy. Dana won $2,000 from the California Lottery. Milo cashed U.S. Savings Bonds yielding $300 of interest. Sasha received ridesharing fringe benefits that were excluded from income on her federal return.H6. John suffered a cardiac event while at a ski resort in Utah and was airlifted to a hospital in Salt Lake City. John's family neglected to discuss the air transport with his insurance carrier before the airlift. John survived the airlift but is not sure he’ll survive the bill from the air transport. Considering his deductible and co-pay, John's out-of- pocket cost is $711,021. John’s credit union has agreed to a 15-year loan at 6% compounded monthly (or 6%/12 = 0.5% per month). What is John’s monthly payment on the loan assuming end-of-month payments?Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses Airfare $ 550 Lodging 3,000 Meals 900 Entertainment of clients 750 How much of these expenses can Jordan deduct? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar value.)
- Oh no! Our expert couldn't answer your question. Don't worry! We won't leave you hanging. Plus, we're giving you back one question for the inconvenience. Here's what the expert had to say: Hi and thanks for your question! Unfortunately it looks incomplete. Please resubmit the question with tax rate %. We've credited a question back to your account. Apologies for the inconvenience. Ask Your Question Again 25 of 30 questions left until May 21, 2022 Question Oakdale fashion's ink 2021 income statement a reported below Net sales (all credit): $565000 Less: Cost of Goods Sold: 215,000 Gross Profit: $350,000 LESS: Other operating expenses: 90,000 EBITDA: $260,000 LESS: Depreciation/ amortization: 15,000 EBIT: $245,000 LESS: Interest: 80,000 EBT:…May I ask for an explanation and solution to the question for a better understanding. Thank you! 11. What is the amount of Sculler's working capital at December 31, 2021? a. P41,000 b. P45,000 c. P50,000 d. P91,000Oh no! Our expert couldn't answer your question. Don't worry! We won't leave you hanging. Plus, we're giving you back one question for the inconvenience. Here's what the expert had to say: Hi and thanks for your question! Unfortunately it looks incomplete. Please resubmit the question with tax rate. We've credited a question back to your account. Apologies for the inconvenience. Ask Your Question Again 18 of 30 questions left until May 21, 2022 Question I need help with this problem. I need to get the answers to the four questions at the bottom under the statement table. Oakdale Fashions, Inc.’s, 2021 income statement is reported below. Oakdale Fashions, Inc., Income Statement for 2021 Net sales (all credit) $ 565,000 Less: Cost of goods sold 215,000 Gross profits $ 350,000 Less: Other operating expenses 90,000 EBITDA $ 260,000 Less: Depreciation and amortization 15,000 EBIT $ 245,000 Less: Interest 80,000 EBT $ 165,000 what is the…
- Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses Airfare $ 570 Lodging 3,708 Meals 925 Entertainment of clients 740 How much of these expenses can Jordan deduct? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar value.14. Carla is not happy with her present job, she resigned and started her own business. The business requires her to travel so she used her car for the purpose. Assume that A started her business on April 1 and that the uses the car for business 70% of the time. Assuming total expenses for the year for the use of the car is P300,000, the deductible expense is:* a. 210,000 b. 225,000 c. 300,000 d. 157,500I got 5,714. 29 as the answer but it is not included in the choices which are 20,000 50,000 and 30,000. I want to know where did I get it wrong. Thank you so much
