Based on the advantages and disadvantages of each of the following forms of businesses, give an example of a business that would be best suited to that particular form.  Be sure to explain why that is the best option for the particular business.

Q: Amble, Inc. exchanged a truck with a carrying amount of ₱12,000 and a fair value of ₱20,000 for a…

A: the correct option with proper explanation are as follows.

Q: Snelling Company does business in two regional segments: North and South. The following annual…

A: Horizontal analysis is one of the methods of analyzing company financials by calculating the change…

Q: Analysis Formula Current assets/ Current liabilities Net sales/ 61,750/8100=7.6 362.000/4120=87.8…

A: Ratio  analysis best to analyse the company and make this seasons as it help to compare to variable…

Q: If a business firm has assets worth $170,000 and liabilities that total $40,000, what is the value…

A: The accounting equation states that assets equal to sum of liabilities and equity. Assets =…

Q: Describe business activities that affect a firm’s cash flow.

A: The cash flow statement is a financial statement which is prepared to record the cash flow from…

Q: purchased for $20,000. The firm expects the loader to salvage value of $5,000 after 7 years. The…

A: Explanation of Concept   Annual Worth method is been used for decision making where two assets is…

Q: If a prospect does NOT submit the initial premium with an application, the producer should…

A: Introduction: Agents are the ones who sell insurance. The agent's legal authority, which is…

Q: It is important that management accounting follow certain ethical principle. Please specify which of…

A: Answer:-  Management Accounting meaning:- Managers of the company use the information related to…

Q: In credit terms of 3/15, n/45, the "3" represents the Oa. full amount of the invoice Ob. number of…

A: 3/15 n/45 3: discount if paid within 15 days 15: period of discount validity n: no discount if paid…

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

A: Budgeted  Total sales = Expected units to be sold × selling price per unit.

Q: Punch Manufacturing Corporation owns 80 percent of the common shares of Short Retail Stores. The…

A: Basic earnings per share Branch Manufacturing income from operations   125000 Short Retail…

Q: D Question 39 If the selling price per unit is $10, the unit contribution margin is $5, fixed…

A: Cost volume profit analysis is one of the important analysis being performed in cost accounting.…

Q: You are going to manufacture a product which has the following cost contributors: • $987.65 labor •…

A: Direct expenses +Indirect expenses+ Profit= Sales

Q: D6) The 2021 standard deduction is $12,600 and deductions for state and local taxes are limited to…

A: Solution:- Given, Standard deduction of 2021 = $12,600 Deductions for state and local taxes are…

Q: What is an annual report?

A: The accounting is a process to record the transactions of the business, and prepare the financial…

Q: Price per unit: $10 . Variable cost per unit: $7 . Fixed costs: $1,500 Given these data, compute the…

A: Formula used: Break even units = Fixed cost / Unit contribution margin.

Q: Required a. The following table contains missing data which should be completed. Use the letters FA…

A: The financial statements of the business includes the income statement and balance sheet of the…

Q: On March 1, ABC Inc acquired equity securities at the market value of P1,200,000. Broker fees of…

A: If investment in equity shares are accounted using fair value through profit or loss , then…

Q: The trial balance of Novak Ltd. at December 31, 2020, follows:     Debits   Credits Cash…

A: Statement of financial position has been prepared in the 2nd step

Q: Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services…

A: Cash flow from operating activities includes activities from day to day operations.  Cash flow from…

Q: Alex covered his automobile for a total of RO 60,000 with Al Ahlia Insurance and a total of RO…

A: The Insurance is always the safety cover for any mishappening. In case of any mishappening the…

Q: Q.7) Solve the following problems: The following trial balance is available of Mr. Bhatia. You are…

A: Trading and Profit & Loss account shows gross profit made and net profit made by the business.…

Q: On 1 July 2014. Ark Ltd acquired a 30% interest in Sign Ltd for $54,929,000. During the year ended…

A: The share of the parent company in the profits of its subsidiary is equal to the amount of adjusted…

Q: ABC Corp purchased land and building at a lump price of P6M. ABC demolished the building and…

A: Cost of building refers to the cost which includes the purchase price which involves price paid to…

Q: Cash on hand and in banks- Accounts receivable -- Merchandise inventory - - 50,000 - 350,000…

A: Introduction: Current Assets : Assets which can be easily converted in to cash with in one year…

Q: Phil Cousteau is an accountant. Phil is 47 years old and is married to Claire who is 45 years old.…

A: Tax refers to the compulsory charge levied by the government over the money gained by an entity.

Q: The Beacon Hills High School entered into a contract with Beacon Printing Services which stipulates…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: From the following, calculate the cost of ending inventory and cost of goods sold for the FIFO…

A: FIFO assumes first comes and first out. Units that comes first is sold out first hence the ending…

Q: What is the function of accounting information systems in today's accounting practise

A: Accounting Information System (AIS) is a concept. Generally speaking, an accounting information…

Q: Auto sales at Carmen's Chevrolet are shown below. Using a 3-week moving average, what is the…

A: Working:

Q: Corny and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per…

A: Formula : Break even units = Fixed cost / Unit contribution margin.

Q: depreciation would be calculated immediately. Greymare’s borrowing rate is 12%. Assume this is a…

A: Assuming depreciation is on straight line basis. Each year depreciation would be (83000/8) $10375 If…

Q: no external financing is selling for 50. eps is 7.5 of which 60 percent is paid in dividends. the…

A: Share price (P) = Ksh 50 EPS = Ksh 7.50 Dividend paid (D0) = 60% of EPS = Ksh 4.50 Dividend payout…

Q: In the month of June, Jose Hebert's Beauty Salon gave 3,800 haircuts, shampoos, and permanents at an…

A: Formula: Total Contribution margin = Contribution margin per unit x Number of units

Q: discuss in brief the different accounting branches with their major objectives

A: Introduction:- Branches of accounting classified into more than 10 types but The following three…

Q: Given the following balances, what is the most appropriate level of planning materiality for the 30…

A: The auditor will determine the amount that constitutes materiality in the planning phase of the…

Q: Required information PA5-4 (Algo) (Supplement 5A) Reporting Petty Cash Transactions [LO 5-5, LO…

A: The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…

Q: Operating data from Tindall Company for last year follows: Sales........... $900,000 Stockholders'…

A: The turnover ratio indicates the efficiency of a business to generate sales by using its assets. So,…

Q: Allison acquires and places in service business equipment (a 5-year class asset) on February 1,…

A: Cost of the asset is the value of the asset which is recorded when it is purchased, when it is sold,…

Q: A plastic extrusion machine cost P120.000 was purchased 4 years ago and is estimated to have a…

A: Cost of machine = 120,000 Useful life of an asset = 6 years Salvage value = 15,000 Depreciation =…

Q: In preparation for the 2022 English Week Celebration, Beacon Hills High School Student’s council…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:…

A: Earnings per share can be defined as the ratio of net income available for common shareholders and…

Q: J 7 Qualtronics, Inc is raising capital for a new silicon chip manufacturing facility. They've…

A: After-tax WACC=Face value of bonds×Post tax cost of bonds+Value of loan×Post tax cost of loan+Amount…

Q: Corny and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per…

A: Lets understand the basics. Break even point is a point at which no profit no loss condition arise.…

Q: Hi can you explain transaction F.

A: Every business wants that all items should be reported accurately in the financial statements. These…

Q: This same MCIT calculation and payment will be required when filing quarterly and annual corporate…

A: The MCIT is a tax levied on a company taxable under Title II of the Internal Revenue Code that…

Q: The effective semiannual interest rate for a monthly interest rate of 2%

A: Every business needs funds for the business. Funds can be arranged internally or from external…

Q: Explain the term income statement.

A: The income statement (IS) is one of three financial statements (FS) which records the financial…

Q: The direct material quantity variance last month in the production of nail filers by Rudman Pte Ltd.…

A: Standard price = DM quantity variance / (Standard quantity - Actual quantity) = $1,494 / (70,200 -…

Q: Problem 1 Metal Farication Corporation manufactures their product in two departments. For the month…

A: Process costing is an cost accounting method which is used where the products are manufactured by…