cons
Q: Rock Telecom has budgeted the sales of its innovative mobile phone over the next four months as foll...
A: Formula: Ending inventory current month = Next month sales units x 10 %
Q: Solve this Income Statement by vertical analysis
A: Income statement is prepared by an organisation to present the performance of the entity during the ...
Q: S1: Zero Profit Method in revenue recognition principle recognizes income upon the completion a cons...
A: S1: The Zero Profit Method of revenue recognition recognises income when a construction contract is ...
Q: On January 1, BB Acquired 60 percent of the outstanding voting stock of SS for P260,000 cash conside...
A: Consolidated financial statements are a set of financial statements prepared for a group company inc...
Q: Current total s Safety stock- Average Week
A: Working Notes : - 1] We ha...
Q: Sandhill Company purchased $3400000 of 8%, 5-year bonds from Blue, Inc. on January 1, 2021, with int...
A: Given, Sales price of bond is $3,490,000 Carrying value of bond is $3,497,440 The computation is s...
Q: What is Profit and Loss (PNL)?
A: A business organisation is established with an objective to make money and increase the worth of the...
Q: E7-11 Alternative Inventory Methods Nevens Company uses a periodic inventory system. During November...
A: Inventory: Inventory refers to the entire stock of goods purchased, goods utilized, and goods main...
Q: Dumb Company constructed its own factory building. The company had a P1,000,000 two-year 12% loan sp...
A: As per IAS 23, The interest and other costs incurred on the construction of the qualifying asset nee...
Q: Exercise 4 (Direct Labor Budget) The Production Department of the Laguna Plant of JC Corporation has...
A: Direct Labour budget in the business shows expected or budgeted amount of money spent direct labour ...
Q: Please explain it properly
A: Cost accounting is useful since it can show where a company spends money, how much it generates, and...
Q: Selected operating information on three different companies for a recent year is given below. Compan...
A: FIXED OVERHEAD VOLUME VARIANCE IS THE DIFFERENCE BETWEEN THE ALLOCATED FIXED OVERHEAD COST AND THE B...
Q: Do you need to eliminate inter-company transactions when it comes to JV? explain briefly.
A: A joint venture is a business entity that can be defined as a joint arrangement where the parties ha...
Q: cycles: O a. capital acquisition and payments O b. Inventory and warehousing O c. payroll and person...
A: Bad debt is an expense that a business incurs once the repayment of credit previously extended to a ...
Q: On December 31, 2014, Dadan Company had outstanding 12%, P5,000,000 face value bonds maturing on Dec...
A: Bond conversion refers to the procedure of converting a bond into stock. It is entirely dependent on...
Q: Exercise 3 (Materials Purchase Budget) Mini Products, Inc., has developed a very powerful electronic...
A: Material purchases budget in the business shows expected amount of material costs to be incurred for...
Q: On January 1, GEN enters into a contract with LORD for the sale of a high-end security scanner for P...
A: Options are normally included in the trade of stock and other financial instruments. However, nowada...
Q: ABC Co sold merchandise to DEF Co for P120,000 and received P120,000 for that sale one month later. ...
A: Revenue Recognition: The seller has transferred the property in the products to the buyer for a pric...
Q: Answer the question below and provide an explanation.
A: dividends payable are dividends on a common stock that have been declared by a company but have not ...
Q: KINDLY ANSWER WITH EXPLANATIONS.
A: We will answer the first question since the exact one is not specified. Please submit new question s...
Q: The budgeted unit sales of Helene Company for the upcoming fiscal year are provided below: 1stquarte...
A: Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Budgeted Sales Units (a) 12...
Q: Research a company that had a fraud event happen due to inadequate accounting procedures. Review the...
A: Accountiing control is implemented to ensure the validity and accuracy of financial statements ie pr...
Q: 29. The shareholders’ equity of Seven Corporation is presented below: 10% Preference Share, 2,000 s...
A: The contributed capital includes the cash paid by the shareholders to acquire the shares of the comp...
Q: On December 31, 2018, KLM Co. has accounts payable of P1 000 000 before possible adjustment for the ...
A: Under the FOB shipping point, goods sold by the seller become the property of the buyer once shipped...
Q: The Tuguegarao City branch manager was not satisfied not being able to meet the desired revenues but...
A: Budgeting - It is the statement showing future estimated cash inflows and cash outflows of the organ...
Q: Huy is single, age 40, and operates a sole proprietorship. In 2020, Huy's sole proprietorship genera...
A: Qualified business income (QBI) deduction is a deduction available to eligible sole proprietors (sel...
Q: The following contemporary factors are contributing to the internationalization of the subject of ac...
A: Accounting is the process of recording the financial transactions of a business. It includes summari...
Q: In the era of inflation the best store of value is Account receivables .a O Deposited currency in th...
A: Inflation refers to the rise in the price of goods and services over a period of time and fall in th...
Q: Distinguish Joint venture from joint consortium and joint arrangement?
A: There are many types of business organisation which can be formed to run a business. However, there ...
Q: Solve this income statement by vertical analysis :
A: Horizontal analysis of financial statements is used to depict the percentage change in the amount of...
Q: Please help me by showing your solution in good accounting form. Thank you! Guardians Fund Manager...
A: Given: To find the revenue of the company under the arrangement as,
Q: 1. Cywila Company manufactures a product for which materials are added at the beginning of the manuf...
A: I am answering the first three sub-parts as per bartleby guidelines. Please re-submit the remaining ...
Q: Shosalosa Company produces a part that is used in the manufacture of one of its products. The costs...
A: In terms of accountancy, make or buy analysis helps a business firm in deciding whether the business...
Q: Coronado Corporation began operations on December 1, 2019. The only inventory transaction in 2019 wa...
A: .Average cost : Cost of Goods available for sale Number of units Purchased
Q: Rob, single, age 40, no dependents, earns a salary of $55,000 in 2020 and has an adjustment (deducti...
A: It must be noted that contribution to traditional IRA is eligible for deduction upto $6000 or contri...
Q: Required information A company sold a total of 1,000 units for total sales revenue of $70,000. The c...
A:
Q: Please answer NUMBER 1 AND SHOW YOUR SOLUTION
A: When an asset or liability is held for trading it should be accounted using FVTPL
Q: The following information relates to the costs of Carox Limited for November 2021. N$'000 ...
A: Costs are majorly classified into : (1) Direct Costs - Costs that are directly associated with the P...
Q: The GANDA CO is on a calendar year basis. The following data were found during your audit: a. Goods ...
A: FOB Shipping Point: Buyer retains Title and responsibility of goods when the goods are placed by s...
Q: Accounting Question
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
Q: Answer question no. 10 only and provide a solution
A: Dividend is the amount paid to the shareholder’s for their investment in the business. Dividend paid...
Q: Please refer to the sample and paraphrase the ''NET INCOME'' and ''Earnings per share''. Please writ...
A: Net income: Income income represents the deduction of expenses from the revenues of the company. The...
Q: Madi Con Inc. is a construction company who uses the percentage of completion method in accounting f...
A: Percentage of Completion method The purpose of using the percentage of completion method in contract...
Q: 3. On December 31, 2018, MSU Co. has accounts payable of P 1 000 000 before possible adjustment for ...
A: FOB Shipping Point: Buyer retains the title and responsibility of goods when the goods are placed o...
Q: If possible, please fill in boxes using data from pictures. Thank you!
A: Formula: Predetermined overhead rate = Total estimated overhead cost / Total estimated Direct labor ...
Q: Victory Transport Company is a transportation contractor. During the month, it had the followinggros...
A: Taxes are the amount due to government on account of income earned or on amount of sale of goods and...
Q: Guardians Fund Managers Company sells two licenses to XYZ Company on September 1, 20x6. First in exc...
A: Revenue is defined as the aggregate amount of the income that is generated through sale of services ...
Q: 43.At December 31, the Shareholders’ Equity section shows:Ordinary Share, P 5 par value, 1,320,000 s...
A: The book value per share is calculated as shareholders equity divided by outstanding ordinary shares...
Q: 1. Loan of XYZ, Inc. guaranteed by ABC – it is possible 45 000 ADC :11 he held 1ie ble fe t1
A: calculation of adjusted accounts payable particulars amount Trade account payable , including c...
Q: 1. Assuming the investment is appropriately recognized as financial assets at amortized cost: What i...
A: As per IFRS 9, An investment in the financial asset is made to earn the contractual cash flows and t...
Can a JV be converted to merger and consolidation? how would you account for that?
Step by step
Solved in 2 steps