Can a updated check be an negotiable instrument
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A: As per the High low method we should calculate the variable cost per unit first, we can use the belo...
Q: rate of return of 10%. For one of your prospects (i.e. Charmaine’s Champagnes), you expect a rate of...
A: Following is the answer.
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A: Solution Working note Dividend get accumulated = (1000000*12%*2year) = 240000 / 10000 shares = P24 ...
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A: Solution Given Total hours worked 16000 hours Regular hours worked (spread equally) 1500...
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A: Cost of goods manufactured comprises of all such costs which have been allocated to total manufactur...
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A: Expected misstatement = Gross profit - Expected gross profit Gross profit = Sales - Cost of goods so...
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A: Amortization is the average amount that would be paid off in a loan arrangement over the period of t...
Q: 4. Statement 1: The newly formed partnership is still allowed to use any of the book of the sole pro...
A: Meaning of Partnership: A partnership is a formal arrangement by two or more parties to manage and o...
Q: ldn’t be back in the office until next week. As he put the receiver down, he thought maybe things w...
A: The answer has been mentioned below.
Q: ng Work in Process (75% complete) 14,500 units Costs of Beginning Work in Process: Materials,...
A: process costing search form of costing which applies where standard good are purchase and production...
Q: c. Prepare a schedule of cost of goods manufactured for August using actu d. Prepare an income state...
A: Income statement refers to the statement which is prepared by the company at the end of period in or...
Q: due on a loan of $600 at 15.75% interest after 21 m
A: Given Principal Amount = $ 600 Period = 21 Months Interest Rate = 15.75% pa or 1.31% pm FV= Princip...
Q: . A debit to Sales Discount for P500 b. A credit to Sales Returns and Allowances for P500 c. A credi...
A: This is a loss to the vendor ( me) . So, it will be debited. Deduction in the invoice price will be ...
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A: Solution Explanation- The deduction is amount determined with respect to any qualified Trade or busi...
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A: Solution Concept The cost classification on the basis of behavior -variable cost ...
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A: solution Concept High low method Formula Variable cost using high low method =(cost at high point ...
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A: Cost of Goods Available for Sale = Beginning Inventory + Purchases Cost of Goods Sold = Cost of Goo...
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A: Inventory- A manufacturing company's inventory is a critical current asset. Inventory refers to the ...
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A: Journal is prepared for recording the day-to-day business transactions. Business transactions are re...
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A: Formula: Total conversion cost = Direct labor + Manufacturing overhead
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A: "Since you have asked multiple questions, we will solve the first question for you. If you want any ...
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A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the so...
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A: Activity rate = budgeted overhead cost / cost drivers overhead allocated = activity rate * productio...
Q: the design and specification of its customers, and accordingly uses the job order costing system. I...
A: in managerial accounting , the job costing is very popular. job costing methods it is used when a co...
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A: Compensation Expense means all expenses and costs associated with compensation and benefits provided...
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A: Predetermined overhead rate: Predetermined overhead rate is calculated before the period begins. Thi...
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A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...
Q: 1. What is the total capital balance of the partnership after the admission by Marshall? 2. What is ...
A: Admission of a new partner in a partnership firm is treated as a reconstitution of the partnership f...
Q: Using ABC, the total manufacturing costs for product Regular is:
A: Overhead cost per activity = Total overhead cost for the activity / No. of activity
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A: Income statement: It is a financial statement that calculates the net income generated by a company ...
Q: he Gasson Company uses the weighted-average method in its process costing system. The company's endi...
A: Solution Given ending work in process inventory 10000 units Materials 100% complete ...
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A: As it is stated in the question that Peru Company has enough capacity available to accept the specia...
Q: War Room Company manufactures fire extinguisher per the design and specification of its customers, a...
A: Gross profit rate = Gross profit / Sales Selling price per unit = Cost per unit + Gross profit per u...
Q: Honesty Manufacturing Company manufactures a standard recliner. During December, the firm’s Assembl...
A:
Q: Brighton Services repairs locomotive engines. It employs 100 full-time workers at $20 per hour. Desp...
A:
Q: eal-Goode Inc. purchased a patent on a new drug. The patent cost $12,000. The patent has a life of v...
A: The amortization expense is charged on intangible assets such as patent, goodwill, etc.
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A: Net cash surplus (deficit) 5500 Cash, January 2021 1800 Ending cash balance 7300
Q: Stover Company uses the weighted-average method in its process costing system. Information concernin...
A: Cost per Equivalent Unit The Calculation of Cost per equivalent unit in material which can be taken ...
Q: At what amount will Fuzzy Monkey report its investment in the December 31, 2012, statement of financ...
A: Bonds are fixed income generating instruments which are majorly issued by the government or certain ...
Q: The following activities occur for ABC County. During 2020, businesses in a county collect $10,000,0...
A: Journal Entry 1 Cash/Bank/customer $10,000,000 Sales Tax $10,000,000 2 S...
Q: Love Inc. believes that at its current share price of P16.00 the firm is undervalued. Makeover plans...
A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three sub-p...
Q: Piit Company currently sells 1,0 ariable costs are P1.50. A discou COL anits of product M. The manag...
A: Variable Cost - The total cost of production of a good comprises of the total fixed cost of producti...
Q: Share options granted by a corporation are recorded as expense on the number of options that a ar...
A: Solution Note : dear student as per the Q&A guideline we are required to answer the first questi...
Q: The following balances were taken from the books of Pronghorn Limited on December 31, 2020: Inter...
A: The question is based on the concept of Financial Accounting.
Q: Alain company prepared draft financial statements that showed the income before tax for the year end...
A: solution concept as per the relevant accounting standards event occurring after balance sheet date T...
Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. The ...
A: Uncollectible account expense- Uncollectible accounts expense is accuse made to the books when a con...
Q: 1. ABM Company forecasts sales in units for January to May as follows: January 2,500, February 2,700...
A: Production budget is a schedule of number of units that should be produced to meet the targets of sa...
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A: Lets understand the basics. Degree of operative leverage indicates the change in net income if chang...
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A: Statement of financial position or the balance sheet on a particular date is the statement by which ...
Q: ABC yards invites your audit firm to verify scrap materials sale proceeds in its ship breaking unit....
A: Verification is the process used during the proceedings of an audit to verify records, bills, invoic...
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