Decision

Q: Marigold Corp.'s transactions for the year ended December 31, 2021 included the following: •…

A: Investing activities are those activities in the statement of cash flow which comprises the payment…

Q: nsport of cargoes 6,000,000Sale of goods during travels 1,000,000How much is the estimated average…

A: Business tax refers to the taxes a business needs to pay the authoritative government as it…

Q: The following items appear on the balance sheet of a company with a one year operating cycle.…

A: Current Liability- These are those liabilities which are required to be paid within a period of 12…

Q: Assume Sunny Corp. (a company reporting under IFRS) wants to earn an 8 percent return on its…

A: Annual Lease Rent: An annual lease indicates that you have someone who is legally bound to pay the…

Q: Operating Goods Sold ($) Margin Expenses (S) Cost of Gross Net Sales Net Profit $4,234,000 S…

A: Formula used: Net profit = Gross margin - Operating expenses

Q: Problem: The Company has Sales of P88,000, a Contribution Margin Ratio of 25%, and Margin of Safety…

A: Cost accounting is one of the important area of accounting. Under this area, all type of costs are…

Q: W Company uses process in its two producing departments. On April 1, Department B had no units in…

A: Equivalent units of production are an indication to show the work in process inventory at the end of…

Q: Truman Company acquired machinery on January 1, 2017 which it depreciated under the straight-line…

A: The change in estimated useful life of a fixed asset is a type of change in accounting estimate.

Q: Rapir khe system if the software will save the company Php150000 per year for the next 5 years? Use…

A: The maximum amount that the company can afford to spend will be amount accumulated at the end of 5…

Q: Which of the following types of reporting does the Triple Bottom Line not incorporate? management…

A: Triple Bottom Line theory says, there should be three bottom line profit, people and the planet.

Q: Brutus is a division of Madam Medusa's Pawn Shop/Boutique, Inc. Last year, the division generated…

A: For every dollar of sales revenue generated, $0.056 of income is earned. ($609,840 / $3,000,000)…

Q: Schedule M-1, Reconciliation of Income per Books With Income per Return, reconciles financial net…

A: Schedule M-1 is the section of Form 1065 - U.S. Return of Partnership Income where the entity…

Q: The computer system for Number 14, LLC, a manufacturer of basketball jerseys, fell victim to an…

A: The question requires standard quantity of material allowed per jersey produced.   In the given…

Q: _______ This statement reveals the financial position of the firm.

A: A balance sheet is a financial statement that displays a corporation's assets, liabilities, and…

Q: Which of the following is false pertaining to the voucher system? Multiple Choice Purchasing,…

A: Voucher system is followed to ensure the authenticity of a transaction with prior approval of…

Q: Beech has budgeted fixed overhead of $402,500 based on budgeted production of 17,500 units. During…

A: Budgeted Fixed overhead rate is calculated in the beginning of the period (i.e., a year). Such…

Q: Dolittle and Dalley has $4,000 in purchases for January and $6,000 in purchases for February. It…

A: Total Cash payments for inventory  in February  = (Purchases for February ×70%) + (Purchases of…

Q: The rate of nominal depreciation is faster, the higher is the home coun- try's inflation rate…

A: 6. The given statement is true Because since there is higher inflation rate of home country compared…

Q: Ethical behavior is most likely to be compromised when the

A: Ethical Behavior is most likely to be compromised when the personal ethics of businesspeople are…

Q: Rembrandt Company acquired a plant asset at the beginning of Year 1. The asset has an estimated…

A: The straight-line method of depreciation is a way of allocating the cost of assets over their useful…

Q: 1.If an employee works two jobs at two different wage rates for the same employer during the same…

A: Overtime pay seems to be the remuneration you earn for working outside of your typical working…

Q: Exercise 4 The balance sheet of the Jody, Kane, and Lark partnership on May 1, 2016 (before…

A: Partnership: It is the association of at least two people who have consented to share their benefit…

Q: Payroll Taxes Hernandez Builders has a gross payroll for January amounting to $520,000. The…

A: 1.

Q: The following financial information is taken from the annual reports of the Smith Company and the…

A: Formula: Profit margin ratio = ( Net income / Net sales ) x 100

Q: inception is $100,000. Assume that the present value of lease payments discounted at a 10% interest…

A: An operating lease tends to have a shorter duration than a capital lease, and the lessee does not…

Q: The Gourmand Cooking School runs short cooking courses at its small campus. Management has…

A: Flexible budget is not rigid and is prepared for actual results whereas static budget is not…

Q: How do you determine the dollar amount of owners’ equity for a sole proprietorship, or a…

A: Introduction: A partnership is a sort of commercial organization in which the proprietors have…

Q: Prepare a differential analysis dated September 30 to determine whether the company should make…

A: Solution:- a)Preparation of a differential analysis dated September 30 to determine whether the…

Q: ain the correct answer too.. and why others mismatch?

A: Contra accounts are related  to another associated general ledger account . The contra account…

Q: Lacy is a single taxpayer. In 2021, her taxable income is $44,600. What is her tax liability in each…

A: Taxable income would be any remuneration received by an individual or corporation that would be used…

Q: The Constructing Department of MEC Company had 2,600 units in work in process at the beginning of…

A:

Q: s Fr Note payable plus accrued interest... Cash... ACCounts receivable-net Inventories....…

A: GIVEN Estimated Net Book ValueRealizable Values Cash              $    3,000              $…

Q: Exercise 16-12A (Algo) Determining the payback period LO 16-4 Baird Airline Company is considering…

A: Solution Introduction payback period is  technique used for capital budgeting decisions The payback…

Q: The FICA tax rates for the self-employed are: a.6.2% (OASDI) and 2.9% (HI). b.6.2% (OASDI) and 1.45%…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 2. Grouse, Flicker, and Partridge are partners sharing profits and losses 20/40/40 respectively.…

A: Liquidation- Liquidation is the process of converting non-liquid assets to liquid assets...that is,…

Q: Question: Explain the First-In, First-Out (FIFO) method used for determining COGS and Ending…

A: Solution...     First in First out is based on the assumption that the goods which are received…

Q: What are the ethical and legal implications of using accounting practices such as the book-and-hold…

A: Corporate earnings are the profits of a corporation after all expenditures have been paid. Earnings…

Q: Presented here are selected transactions of Palmer Company. Palmer sells in large quantities to…

A: Working Note: Amount received from Grey Company = (Sales - sales return) x (1 - discount rate) =…

Q: Rembrandt Company acquired a plant asset at the beginning of Year 1. The asset has an estimated…

A: Given, First year depreciation under double declining balance = $20,000 Double declining rate =…

Q: Mar Company has two decentralized divisions, X and Y. Division X has always purchased certain units…

A: Transfer price means the price charged by one department from another department for the goods or…

Q: A company's income statement showed the following: net income, $127,000; depreciation expense,…

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…

Q: Problem 13-7 (Algo) Prepare a Statement of Cash Flows [LO13-1, LO13-2] Skip to question   [The…

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

Q: Machinery purchased for $60,000 by Tom Brady Co. in 2016 was originally estimated to have a life of…

A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: Shadee Corp. expects to sell 630 sun visors in May and 410 in June. Each visor sells for S24.…

A: Formula: Budgeted sales value = Sales units x Sales price per unit

Q: 10.2 Stock A has an expected rate of return of 8 percent, a standard devia- tion of 20 percent, and…

A: The standard deviation is a measure of risk that an investment will fluctuate from the expected…

Q: 1 3 4 flow 20,000 -2A -2A -2A -2A -5A

A: The answer is stated below:

Q: Required: Preparea multiple-step income statement for the month of March by completing the following…

A: Solution:- Calculation of multiple income statement as follows under:-

Q: Revenue expenditures: Multiple Choice Are costs that do not materially increase a plant asset's life…

A: Revenue expenditures are not included in the cost of the asset. Capital expenditure are included in…

Q: Which of the following illustrates the internal control principle of document a. A company pays its…

A: An important factor in internal control is the reporting of important company information. The…

Q: erez Company is considering an investment of $26,945 that provides net cash flows of $8,500 annually…

A: Internal rate of return is the rate at which the present value of cash inflows will be equal to the…

Risk Management Techniques

Risk management is the procedure of recognizing, analyzing, monitoring, and preventing the risks and threatening factors of investments and business. Risks can arise from various factors including internal controls, market changes, natural disasters, and failure in productions. Risk management techniques enable entities to control and minimize the risks as well as the threatening factors of the business and it also helps to improve the business.