corporate governance principles

Q: Krall Company recently had a computer malfunction and lost a portion of its accounting records. The…

A: The question is based on the concept of Financial Ratios. Return on Investment = Net operating…

Q: Murray Lumber had an exclusive three-year supply agreement with Stella Construction. The contract…

A: Gross profit is the profit a company generates after deducting the costs of manufacturing and…

Q: Cheung Studios operates amusement parks in the United States and Canada. During 2018, it reported…

A: Answer 1 a) Calculation of Original cost of Equipment Sold Original cost of equipment sold =…

Q: Given the following data, calculate product cost per unit under absorption costing. dir labor:…

A: Formula: Product cost under Absorption costing = Direct materials + direct labor + Total variable…

Q: Which of the following is true?   i. The general percentage tax is an explicit tax on consumption.…

A: VAT is a form of sales tax. It is a form of indirect tax on transfer of goods or services or both.…

Q: Direct labor rate $ 150 per DLH S 120 per DLH 28 of direct materie Non-materials-related overhead…

A: The question is based on the concept of Cost Accounting.

Q: Kristopher Company sold $40,500 of goods to Evan Company on credit on March 1, 2022. Terms were…

A: A journal entry is a summary of a commercial transaction in the accounting system of a company.…

Q: Alex, single, earns wags of $42,000 in 2026. He also conducts an activity that produces the…

A: GIVEN     Alex, single, earns wags of $42,000 in 2026. He also conducts an activity that produces…

Q: York's outstanding stock consists of 75,000 shares of noncumulative 6.0% preferred stock with a $5…

A: The question is based on the concept of Financial Accounting. When the dividend is declared and paid…

Q: Ownership in Brooks Brothers Ltd. is represented by 200 000 shares of outstanding common stock on…

A: In this question, we will calculate Earnings per share for two alternatives and select that…

Q: On January 1, Wei company begins the accounting period with a $34,000 credit balance in Allowance…

A: The question is based on the concept of Financial Accounting. Doubtful accounts or bad debts are the…

Q: Winston Company had two products code named X and Y. The fem had the following budget for August…

A: Budgeted units sold for product "Y" = Total sales of Product Y/Selling price = 542000/50 = 10840…

Q: On January 2, 2018, Randy Corporation acquired a track of land that is to be sold in the ordinary…

A: GIVEN   On January 2, 2018, Randy Corporation acquired a track of land that is to be sold in the…

Q: Upward and Onward, Inc., a5 S501(e)(3) organization that provides training programs for government…

A: It is the income generated by the tax-exempt entities through taxable activities. This income is not…

Q: Keil Company has a single investment property which had an original cost of P5,800,000 on January 1,…

A: In case of Fair value model, assets is measured at fair value and any change in fair value during…

Q: Luxury Shower Products, Inc. makes a variety of ceramic showers and tubs. Luxury has just developed…

A: Contribution margin = sales price per unit - variable cost per unit We will have to first compute…

Q: Lee Manufacturing Corporation was incorporated On January 3, 2018. The corporation’s financial…

A: The preparation of entries are given as,

Q: drop down options provided in the photos. For the right columns you are required to add numbers in…

A: The direct labor budget is used to figure out how many work hours will be needed to complete the…

Q: the IRR turn on t MARE

A: Given:

Q: s table shows the balance sh erve ratio is 15 percent.

A: Required reserve ratio: Commercial banks are required to hold only a fraction of their deposits as…

Q: TarHeel Corporation reported pretax book income of $1,034,000. During the current year, the net…

A: The effective tax is hypothetical tax rate  = 21%  Which is to be adjusted for permanent differences

Q: . _______ PepsiCo acquired Pizza Hut. What type of merger was this?a. Limitedb. Syndicatedc. Joint…

A: Merger - Merger is the binding contract between two company's to form a one company. Examples -…

Q: Which of the following is false regarding consumption and business tax?

A: Every person making earnings either by the business or by the doing  a job is liable to pay tax. The…

Q: On January 15, 2020, Link Corp. paid $480.000 in property taxes on its factory building for the…

A: Property tax is to be paid for a particular year like here for year 2020.In this case it is to be…

Q: Given the following data, calculate product cost per unit under absorption costing. dir labor:…

A: In absorption costing we consider fixed overhead also as cost of product.

Q: Required: Calculate Via Gelato revenue and spending variances for June. (l "U" for unfavorable, and…

A: Revenue and Spending variance Revenue and spending variances (sometimes called flexible budget…

Q: Beched Company and its subsidiaries provided the following properties owned by the group: Land held…

A: As per IAS 40, Investment property is an asset that is held with an intention to gain rentals or…

Q: Given the following information: prepaid expense R12000, accrued expenses R38000, accrued income,…

A: TOTAL LIABILTIES = TOTAL ASSET Prepaid Expense = Current Asset  Accrued Expense = Liability Accrued…

Q: With example, explain the difference between induced and indirect economic impact.

A: Answer:- Economic impact definition:- An economic impact study investigates the effects of a certain…

Q: 56,000 to a private non-opem cable contribution deduction assuming no elections to dis

A: Deductions are the certain amount of exemptions provided on the taxpayer's adjusted gross earnings.…

Q: Multiple Cholce $7,980. $13,020.

A: The asset will be reflected in the balance sheet at its acquisition cost every year if there is no…

Q: had the following for the taxable year 2022.   Compute the amount of business tax arising from

A: Tax refers to the mandatory charge imposed on the sum value of money gained by an entity by the…

Q: %24 %24 Analysis of Receivables Method At the end of the current year, Accounts Receivable has a…

A: Allowance for doubtful accounts means where account receivables are not going to recover in full and…

Q: A family friend has asked your help in analyzing the operations of three anonymous companies…

A: Financial ratios are used to check different aspects of a company - liquidity, solvency, etc. They…

Q: Instructions The actual cash received from cash sales was $45,449 and the amount indicated by the…

A: Cash short or over= Actual cash received  from cash sales - Amount  indicated  by cash register

Q: In Draco Corporation's first year of business, the following transactions affected its equity…

A: Stockholders's equity shows how much the owners of a company have invested in the business- either…

Q: Which of the following discount rates will produce the smallest present value? Click here to view…

A: Present Value = Future Cash flow/(1+r)n Where r is the discount rate and n is the number of future…

Q: Quinn, Mellissa, and Harper are liquidating their partnership. They have no agreement for sharing…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

Q: Molly Ltd holds a well-diversified portfolio of shares that is valued at $1.55 million. On this date…

A: The journal entries have been prepared below.

Q: Chang Industries has already spent $230,000 to produce tables. Those tables can be sold as Is for…

A: Cost already spent is a sunk cost and not relevant in decision making. Given,  Tables can be sold as…

Q: Quality Cleaning Corp. issued 50 no-par-value common shares for land with a market value of $4,000.…

A: The Shares can be issued by the company for cash or non cash assets. The non cash assets can be…

Q: To keep track of customers' behavior, a grocery store chain invests $75,000 in a CRM system. This…

A: Depreciation expense refers to the fall in the value of the asset due to time usage, wear and tear,…

Q: what is the meaning of debt-to-asset ratio?

A: Debt is the amount of liability which arises from past or present event for which a business is…

Q: At the end of the current year, Jodi Corporation's controller discovers the following items of…

A: The calculation adjustment is given as,

Q: An examination of Hutton Corporation’s accounting records indicates that all receivables are being…

A: Journal entry is the act of recording the financial transaction in table format which have the debit…

Q: 3 Purina Dog Chow is attempting to determine the cost of its market share growth objective. The…

A: The question is related to cacluation of additonal money over and above the given amount of…

Q: Georgetown Company's weekly store operating costs for a 10-week period totaled $320,000 for the…

A: High Low method is the way in which fixed and variable costs are separated by using the formula…

Q: Gordon Corporation produced 10,000 digital watchnes In the current year. Variable costs are $8 per…

A: Relevant cost to make = $8.00 + $1.25 = $9.25 Relevant cost to buy = $9.50 Buying is $0.25 is…

Q: A company's best sale s mix is determined using contribution margin per unit of scarce resource.…

A: The sales mix is a formula that calculates how much of each product a company sells in relation to…

Q: Allowing for the cutback adjustment, which of the following trips, if any, will qualify for the…

A: As per the provisions of IRS, the Travel expenses are the expenses which are incurred for the…