Define staggered terms

Q: Define the term line positions.

A: Employees in the line positions are primarily responsible for achieving the goals of the…

Q: Find the APR, or stated rate, in each of the following cases. intermediato calqul

A: Annual Percentage Rate(APR) measures the amount of simple interest earned in a year. The Annual…

Q: What are the four distinct categories of adjustments?

A: Adjusting entries in accounting are made with a view to accurately reflect the expenses and income…

Q: What is the Compound-Amount Factor?

A: Compound amount factors are the factors by which the interest for a loan is calculated which is…

Q: Define Horizontal analysis

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Q: Wite short notes on the following terms.. iii. Adjustment Letter

A: In a business operation, goods and services are sold to the customers who in return make the payment…

Q: Define the term Markel/book ratio?

A: Different financial valuations metrics will be used to evaluate and to understand the company’s…

Q: Describe the three groups of units that must be accounted for when using the FIFO method.

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Q: In the phrase “end-of-period convention,” the word “period” refers to what?

A: Introduction: Revenues are the profits or benefits that one person is having, while costs are the…

Q: Define Factoring.

A: Accounts Receivable: It refers to the amount of money due to the company from the debtors.

Q: Difference between physical units and equivalent units

A: Here, units mean the amount of goods in inventory like goods which are in progress, transferred…

Q: Define Valuation allowance

A: Valuation allowances are reserves created, which can set off deferred tax assets. If it is probable…

Q: What are the equivalent units?

A: Equivalent units:           Completed units   150       Ending Inventory   20       Total…

Q: Define Temporary difference.

A: Definition:   Account: Account is the basic record that reports all changes in the value of…

Q: What is GAAP in Full

A: GAAP is a combination of set of different policy standards

Q: Differentiate between physical units and equivalent units

A:

Q: ce basis based on a e as shown below. F

A: Gross earnings refer to the total sum of money earned by an individual in a desired period of time.

Q: Difference of Perpetual and Peiodic

A: Perpetual:-It is the inventory management system that keeps the record of the inventory in…

Q: refers to the mean,

A: Mean means the average value in a collection of numbers. It is also known as the expected value.…

Q: Define disbursement float

A: Disbursement float is a technique by which entity manages the cash as when a firm disburses the…

Q: Define vesting period

A: Introduction: The concept of vesting is generally used in the concept of retirement planning…

Q: Define common size analysis

A: Financial statements are analyzed to determine the profit earning capacity of the business and also…

Q: Match the terms

A: Accounting principles are the accounting rules which an organization must follow while maintaining…

Q: ade level is BY

A: We prepare multistep income statement as under --…

Q: Define semiannual compounding

A: Compounding is the interest charged on interest. When any investment is made for certain years, the…

Q: Match the terms with the definitions.

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarising and…

Q: Briefly explain the purposes of adjustments.

A: Adjustments (Adjusting entries) : These are made to record the business transactions that has been…

Q: Describe the concept of an equivalent unit and how to compute equivalent units

A:

Q: Define time period concept.

A: Accounting principle: These are the guidelines which are to be applied while preparing the…

Q: Define direct quote

A: A direct quote can be computed using the following formula: Direct quote=1Indirect quote

Q: Define Adjustments

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: explain the difference between margin and markup

A: Margin can be defined as the amount that is derived by deducting Cost of goods sold from sales. that…

Q: Define adjustment bureau

A: Adjustment bureaus generally operate under the laws of the federal government. These adjustment…

Q: Define Classifi ed balance sheet

A: Financial statements are statements which report the profitability and financial position of…

Q: Define the term dual rate method.

A: Dual-rate method refers to the method of assigning costs that uses two cost functions.

Q: Explain consignment arrangement with example.

A: Goods in transit: Goods in transit can be described as the inventories which are shipped by the…

Q: Sall Corporat

A: FIRSTLY, we have to understand the meaning of cumulative and non cumulative shares: 1. Cumulative…

Q: Define Revenue

A: The revenue is reported on the income statement of the company, and it is used to derive the net…

Q: Calculate the cumulative markup for TMH,

A: Cumulative Markup: It is a markup percentage achieved on all goods available for sale from the…

Q: Breakeven point in units

A: Break even point in units = Fixed costs/Contribution per unit, where, Contribution per unit =…

Q: Define revenues

A:

Q: What is outright distribution, staggered distribution, discretionary distribution? Give 1 example…

A: The payment or distribution of assets to the beneficiary by the trustee is known as trust…

Q: Periodic Concept

A: The periodic concept is also called the time interval concept. It specifies the time period during…

Q: Define adjusted alphas.

A: Alpha is denoted as the performance of an investment in comparison with the performance of the…