Describe the relationship between capacity planning and location and their importance nto the organization.

Q: During the year, the ABC partnership's operations generated a loss. The partnership agreement provid...

A: Solution: A partnership is a contract between two or more person to undertake business operations an...

Q: Particulars Opening stock at 30,000 the branch Goods sent to Branch Sales made in Particulars Expens...

A: Branch accounting was an system of book keeping where an entity maintain its books separately in eac...

Q: A and B entered into a partnership agreement in which A is to have a 60% interest in capital and pro...

A: Solution: Total cash contributed by B for 40% interest = P100,000 Required capital of partnership = ...

Q: Ppaeng Company produces three products, A, B, and C, all made from the same materials. For the past ...

A: Total number of machine hours used =  4,000 units x 5 hours + 5,000 units x 7 hours + 3,200 units x ...

Q: A and B entered into a partnership on April 1, 2020 by investing the following assets: A - Cash P30,...

A: The partnership comes into existence when two or more persons agree to do the business and further s...

Q: What is the audit assertion underlying the vouching procedure?

A: Assertions are the management representation. Assertions are the claims which management makes in th...

Q: Congress chose to exempt certain income from taxation, such as scholarships, gifts, life insurance p...

A:

Q: CUst of göóds sold will be lower under QUESTION 6 Automobile Audio has the following inven Nov. 1 In...

A: Solution..   As per the FIFO method goods comes first also sold first. Hence the oldest purchase wil...

Q: The standard quantity allowed for the units produced was 4,500 pounds, the standard price was P2.50 ...

A: The variance is the difference between the actual data and standard output of the production. 

Q: Q.4 Whethera company uses process costing or job-order costing depends on its industry. A number of ...

A: Job costing refers to the method of costing which is used while calculating the cost of a special or...

Q: On May 10, Bramble Corp. issues 1,200 shares of $7 par value common stock for cash at $12 per share....

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: X Corp, a consulting services company, was organized on January 2, 2021. Its 2021 federal taxable in...

A: Accumulated earnings is company's net profit after paying dividend to stockholders.

Q: Lem Company pays time and a half for hours in excess of 40 hours per week. If an individual is paid ...

A: Normal labor rate = P60 per hour Bonus rate = P60 x 1.5 = P90 per hour

Q: The standard cost sheet for Chambers Company, which manufactures one product, follows:             ...

A:   Variances will be considered favorable if actual performance is better or meets standards and unfa...

Q: During the year, the ABC partnership’s operations generated a loss. The partnership agreement provid...

A: Partner A's net share = -P8,000   -P8,000 = P2,000 + P15,000 + Remaining balance -P8,000 = P17,000 +...

Q: The accounting records of ABC Corp shows the following: Increase of RM if 45,000; decrease din FG In...

A: Solution: Cost of raw materials used during the period = Purchases of raw materials + Transportation...

Q: 6. On October 1, 2005, Steve admits Martin for an interest in his business. On this date, Steve's ca...

A: The revaluation account is prepared at the time of admission oe retirement of partners from the busi...

Q: Analyse the measures that are taken in the detection of a fraud.

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

Q: Account Balance Account Title Debit Credit Cash P 50,000 Non-cash Assets 2,350,000 Liabilities P 400...

A: Arenas ,Delay, and Laurent Statement of Liquidation June 30,2019  

Q: x and y are partners who share profits and losses in a ration of 2;1 with capital balances of 800k a...

A: Answer) Calculation of amount to be credited to Capital Account of B Amount to be credited to Capita...

Q: JOutnals? January 8 Sold merchandise on account to C. Cline, $1,000, plus sales tax of $50. Sale No....

A: Theory concept: Journalizing: In a business all the financial transactions are to be recorded. Anoth...

Q: Use the following data for Question 5 and 6 Data concerning a recent period's activity in the Prep D...

A: Solution..     Units completed and transferred out  = 22,000 units  Ending work in process inventory...

Q: Carryon Company sells a product and a 12-month service package for that for a combined price of $810...

A: Deferred Revenue: It is amount received by the company as prepayment for the goods or service provid...

Q: Explain why people commit fraud. 2. What are the various types of fraud?

A: Fraud is any intentional act done to obtain illegal or unjust advantage by employees, management, th...

Q: Vibrant Company had $950,000 of sales in each of Year 1, Year 2, and Year 3, and it purchased mercha...

A: The gross profit is calculated as difference between sales and cost of goods sold. Cost of goods sol...

Q: A subsidiary of AEP places in service electric generating and transmission equipment at a cost of $3...

A: Present value is the concept that states an amount of money today is worth more than that same amoun...

Q: slo Company prepared the following contribution format income statement based on a sales volume of 1...

A: The break even sales units are calculated as fixed cost divided by Contribution margin per unit. Bre...

Q: pasia invested 300k for a 15% interest in the partnership that has total capital of 2.5m after his a...

A: In partnership, if cash invested by new partner is more than his capital interest, then difference i...

Q: A and B entered into a partnership on April 1, 2020 by investing the following assets: A – Cash P30...

A:

Q: X Corp, a personal holding company, is owned by two individuals and has gross income as follows: $30...

A: Gross profit from sales $30000 Tax free interest $3000 Dividend $5000 Taxable interest $40000 ...

Q: At December 31, 2020 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 p...

A: Solution: Outstanding common shares on Dec 31, 2020 = 300000 shares Outstanding common shares on Dec...

Q: Prada Company maintains a mark up of 60% based on sales. The company's selling and administrative ex...

A: Solution: Sales = P1,440,000 Markup on sales = 60% Cost of sales = 40%  

Q: Fruit Sushi Corporation sells delicious fruit sushi at a wholesale price of $4.00 per unit. The vari...

A: Answer) The total fixed cost, i.e., $ 7,500 is already charged from existing number of units sold. T...

Q: AB Partnership’s operation for the year 2022 resulted in a profit of P180,000. Their profit sharing ...

A: Introduction:- Partnership business means agreement between two more persons to form a business and ...

Q: Sally and Jim are married and have taxable income in 2019 of $700,000. If they could file their inco...

A: You have the option to file either as single individual Filers or as married couples. So marriage pe...

Q: E. Assuming the company closets it's books on December 31, prepare the journal entres for 12/31/2019...

A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...

Q: 4. Income taxes: New Haven has an overall income tax rate of 30%. Chapter 12 Capital Budge 5. Treasu...

A: Net Present Value=(Present Value of Cash Inflows-Present Value of Cash Outflows)

Q: d B from a joint process that also yields a by-product, X. Alphabet accounts for the revenues from i...

A: Joint costs are those costs which are incurred on two or more than two products simultaneoulsy and w...

Q: Manufacturing overhead        30,800 ·         Increase in direct materials     13, 000 ·         In...

A: Total cost of manufacturing = costs of direct materials used + direct labor costs + manufacturing ov...

Q: Your client, Ms. I. M. Gorgeous, is an aspiring actress. She has managed to earn a living doing tele...

A: Deductible expenses are those that can be subtracted from a professional or company's income before ...

Q: Debit Credit Cash $33,590 Journalize the adjusting entries. (Credit account titles are automatically...

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

Q: The following variable production costs apply to goods made by Zachary Manufacturing Corporation: Co...

A: Total variable cost = Variable cost per unit x Units produced

Q: At December 31,2020, a firm is evaluating a contingent liability as part of their annual financial r...

A: Contingent liabilities are the amount of obligation which depends on the uncertain future event that...

Q: SHINING Apparel completed 3, 600 expensive bags during the 1st quarter of the current year. The foll...

A: The question is related to Cost Accounting. The details are given regarding the same. We will first ...

Q: QUESTION 41 Mo, Larry and Curley are co-owners of a piece of real property. Larry owns 20%. What for...

A: These are multiple choice questions. The answers to these questions has been provided in the next st...

Q: The total cost assigned to job 777C is P24,000 which includes direct materials cost of P6,000. The f...

A: Conversion cost  = Total cost - Direct material cost = P24,000 - P6,000 = P18,000   Conversion cost ...

Q: Moustapha transfers a capital asset with a $20,000 adjusted basis to X Corp in a Section 351 transac...

A: Basis = value of capital asset x fair market value of share in B stock/ total fair market value of s...

Q: Turner Excavation maintains a checking account and has decided to open a petty cash fund. The follow...

A: answers 1. Petty Cash Payments Record Date Voucher No Amount Deposit Amount Withdrawn ...

Q: 29. The Cash Receipts Journal of the X & Y Co shows the following accounts and account balances: Sal...

A: A cash receipts journal is a type of journal that is used to record cash that a company receives fro...

Q: Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes paya...

A: Deferred tax asset are expected future tax benefits arising due to temporary differences which will ...