Case: Verification Department of a Credit Company is in-charged in verifying and approving loans. The department consist of 7 loan officers reporting at the office from 8am-5pm, Monday until Friday.They are required to verify and process at least 700 loan applications per day.  Due COVID 19 infection their department and employees are often suspended to operate. The suspension results to a pile up of loan application thus, department performance significantly declines. Propose a measure/plan/solution on how to improve their department performance in compliance with the DOH Health and Safety Protocol.

Q: On July 1, 2020, Zelensky Company, a calendar-year company, purchased a machine for a cash price of ...

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets ...

Q: Juniper Enterprises sells handmade clocks. Its variable cost per clock is $6, and each clock sells f...

A: The Break-even point indicates that total units are to be sold by the business entity to recover its...

Q: Last year Minden Company Introduced a new product and sold 25,100 units of It at a price of $95 per ...

A: In Cost , The. variable . cost and fixed cost and incurred. this is eaten under marginal costing . U...

Q: ncoln Industries has a line of credit at Bank Two that requires it to pay 11% interest on its borrow...

A: Solution Given Amount borrowed $800000 compensating balance required 15% stated inte...

Q: On January 2, 2020, Popsters Corporation purchased 80% of SG Corporation's ordinary shares for P648,...

A: The above mentioned question answer is given in the following steps for your reference. 

Q: The Bottling Department of Lake Michigan Water Company had 3,000 liters in beginning work in process...

A: Process costing is used in that organization where a similar kind of product is produced and goods p...

Q: Mia Wiz sells computers. During May, it sold 400 computers at a $900 per unit price. The fixed budge...

A: Lets understand the basics. Sale price variance is a variance between the standard rate at which ite...

Q: At the end of the year WIP totaled $ 6,000. Calculate the total costs of goods manufactured and tran...

A: Cost of goods manufactured is the total costs incurred in manufacturing the product in current perio...

Q: TRUE OR FALSE? Supporting computations are included on the face of the financial statements.

A: Supporting calculations are shown in notes to account or as a footnotes of the financial statement ....

Q: Sheffield Corp. includes one coupon in each bag of dog food it sells. In return for eight coupons, c...

A: Given   2020 Bags of dog sold 520000 Leashes purchased 19000 Coupons redeemed ...

Q: Required: Compute the predetermined overhead rate for the year. Prepare a schedule of cost of goods ...

A: I am answering the first three sub-parts of the question as per bartleby guidelines. Please re-submi...

Q: Assume the following S corporations, gross receipts, passive investment income, and corporate E&P. W...

A: solution for above problem are as follows

Q: Marigold, Inc. has 10500 shares of 4%, $100 par value, noncumulative preferred stock and 105000 shar...

A: A dividend is the transfer of a portion of a company's earnings to a certain group of shareholders, ...

Q: . Compute the consolidated net income attributable to the parent. B. Determine the balance of Non-Co...

A: Accountancy Company acquired 75% of the outstanding shares of Finance Company for P900,000. When any...

Q: Wildhorse Always enters into a contract with Dakota to construct the path for $233,000. In addition,...

A: Solution a:       Consideration Bonus Amount Probability of Outcome Revenue Recognized Bonus if ...

Q: Which constitutes a taxable item of gross income? * Compensation for personal injuries Gain from sal...

A: gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms o...

Q: Red and Blue formed a joint venture to acquire and sell a special type of merchandise. Red is to man...

A: Joint venture means where two or more persons comes together to do some business and share profit as...

Q: 6. Engineers who design cars for a car manufacturing company submit their timesheets. The entry to r...

A: Following entry will be passed to record direct labour cost incurred on job : Work in process inven...

Q: Exercise 7-6 Percent of sales method; writé-öft At year-end (December 31), Chan Company estimates it...

A: The journal Entry for above transaction are as follows

Q: Dean Winchester opened Ghost Cleaners on June 1, 2021. He is the sole owner of the corporation. Duri...

A: Investment in Common stock in Ghost Cleaners, Inc. Date Particulars Amount Date Particulars Amoun...

Q: Destiny Vacations operates in a province with 15% HST, which is charged on all sales.  In the month ...

A: Tax means the mandatory payment made by assesse to the government without expecting anything directl...

Q: January 1, 2020, Blue Company purchased P500,000 8% bonds for P475,126 (including broker's commissio...

A: Solution Given Face value 500000 Coupon rate 8% Issue price 475126 Life of bon...

Q: A summary of the time tickets for October follows: Description Amount Description Amount Job No. 319...

A:     Journal Entries to Records the Cost Incurred   Accounts Dr  Cr Job No 319 A/c   $        ...

Q: e Jessica Company purchased a drilling machine on October 1, 2018 at a cost of P250,000 and deprecia...

A: Solution: Firstly we need to compute Book value on Oct 1, 2020 by computing accumulated depreciation...

Q: A business combination resulting to a goodwill is accounted using acquisition method. In the consoli...

A: A business combination resulting to a goodwill is accounted using acquisition method. In the consoli...

Q: What are the components of audit risk and how do these relate to each other?

A: The possibility that financial statements are significantly incorrect, even if the audit opinion cer...

Q: On December 1, 2021, abc  Ltd. borrowed $180,000 from a local bank by signing a four-month, 5% inter...

A: Since amount was borrowed on December 1 , interest will be accrued for 1 month from December 1 to De...

Q: E1 1 To ald in planning, Jay Corporation is preparing a contributon format income statement. 3 Budge...

A: Contribution margin=Sales-Total variable expensesNet operating income=Contribution margin-Total fixe...

Q: Statement of Cash Flows (Direct Method) The Wolff Company's income statement and comparative balance...

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

Q: The gain on early retire

A: Early retirement of bonds payable is where the bond holders are repaid before the maturity date. Com...

Q: macy Co. issued 4,000bonds five-year, 8% convertible bonds at par. The bond pays interest annually...

A: Convertible Bond: Unlike other types of corporate debt securities, convertible bonds pay interest on...

Q: View Policies Current Attempt in Progress Presented here are the components in Bradley Company's inc...

A: The income statement is prepared to record the revenues and expenses of the current period.  Gross p...

Q: Morgan Financial Services, Inc. was incorporated on January 1, 2021, with 300,000 no par value commo...

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

Q: Define the term Budget, Budgeting, Budgeting Control and explain the advantages and limitations of b...

A: Preparation of budget is an important activity under the purview of costing techniques followed. Bud...

Q: Required information Comprehensive Problem 09-81 (LO 09-1, LO 09-2, LO 09-3, LO 09-4, LO 09-5, LO 09...

A: Working: 

Q: Each of the following decreases total stockholders' equity except a stock dividend, cash dividend. O...

A: A decrease in stockholders' equity happens when a company distributes its earnings by way of dividen...

Q: that Excel will recognize the text as a "string of text" instead of another function. From the Excel...

A: Solution: Return on investment = Net operating income / Average operating assets Residual income = N...

Q: Use the following information for the Exercises below. (The following information applies to the que...

A: The adjustment entry for above transaction are as follows.

Q: P company bought 60% of common stock of S company on January 1, 20x4. On January 1 20x5, there was a...

A: Share in net income will be  For company S Gain on sale of equipment $63,000 Net income from.operati...

Q: n October 17, Nikle Company purchased a building and a plot of land for $836,900. The building was v...

A: Assets which comes in will be debited with their value. Assets which goes out or liability which is ...

Q: Hermosa, Ic., produces one model of mountain bike. Partial information for the company follows: Numb...

A: Formulas: Contribution margin ratio = Contribution margin / sales Contribution margin = Sales - Vari...

Q: Blanche Corporation estimated its unit costs of producing and selling 12,000 units per month as foll...

A: Total variable cost = Variable cost per unit x No. of units Total fixed costs = Fixed cost per unit ...

Q: On January 01, 2022, Legit Company sold equipment costing P10,000,000 with accumulated depreciation ...

A: No. of installment to be received = Face value of notes / annual installments Carrying amount of the...

Q: Angle Silva has recently opened The Sandal Shop in Brisbane, Australa, a store that specializes in f...

A:  Degree of operating leverage = contribution margin / net income

Q: [ine ToIioWing inrormation appiies to the questions dispiayea below.j Del Gato Clinic's cash account...

A: It's the summary of banking and business activity which is used to reconcile bank statement with Cas...

Q: 20. A building was acquired on January 1, 2019 at an original cost of P16,000,000, with zero residua...

A: Under the double-declining balance method rate of depreciation is twice that of the straight-line ra...

Q: How do I prepare a statement of cash flows using the indirect method?

A: Statement of cash flow (CFS) refers to a financial statement which shows the flows of cash and cash ...

Q: Question 10 of 10 <* View Policies Current Attempt in Progress Given the following information, dete...

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

Q: Assuming the bonds are classified as Trading investment, prepare the journal entries on aforemention...

A: Journal entries refers to the official book of a company which is used to record the day to day tran...