Discuss in detail Five benefits and drawbacks of throughput accounting
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A: Solution: Discontinued operations are the segment of business operations that have been divested or…
Q: Tral Balance of Leisure Hotels as at June 30 Issued 7% preference share capital SI each Issued…
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Q: The expired portion of a Prepaid Expense is
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A: calculation of above requirements re as follows
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A: Management- Management is a common occurrence. It is a fairly well-known and frequently used phrase.…
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A: Investing Activities : Invest activities represent the extent to which expenditure have been made…
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A: Introduction: Accounting journal entries are used to record banking transactions in the books of…
Q: Voluntary settlements Classify each of the following voluntary settlements as an extension, a…
A: Composition settlements are those where the debtor pays less than the full amount due. An extension…
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A: In the context of the given question, we are required to find the correct option from the available…
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A: Introduction:- Significant influence means company or investor holds 20% or more of the voting…
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A: Percentage of receivable method Allowance for bad debts means = Closing accounts receivable* 5℅…
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A: Your investment in the subsidiary will be recognized using the equity method or the fair value…
Q: The information below has been extracted from the financial statements of Gifts Pty Ltd. Sales…
A: Assets- A company has a lot of resources, both monetary and non-monetary. However, only resources…
Q: On January 1, 2020, Parent Company acquired 80% of the common stock of Subsidiary Company for…
A: On January 2020, Parent company acquired 80% of the common stock of subsidiary for $ 640,000. The…
Q: Majestic Corp has opted to seek funds by issuing stock in order to expand operations. The company's…
A: As previously stated, common stock symbolizes a company's fractional ownership. That ownership…
Q: i. Shaw started business with cash 370,000 on 01-03-2021. ii. Purchased goods on account from Stefy…
A: All the balances of various ledger accounts are beginning listed in a trial balance where it…
Q: Statement of cash flows-indirect method Instructions Instructions 1 2 3 Cash 4 Accounts receivable…
A: Introduction: Statement of cash flows is one of financial statement that depicts movement of cash in…
Q: Required information [The following information applies to the questions displayed below.] A company…
A: calculation of internal rate of return are as follows.
Q: s: Series A OBJ. 2,1 PR 7-1A FIFO perpetual inventory The beginning inventory at Midnight Supplies…
A: FIFO Method - Under FIFO Method, Inventory purchased first is sold first. Perpetual Inventory…
Q: created balance sheet for HME Sdn Bhd From the following particulars, prepare a balance sheet HME…
A: Answer
Q: 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in…
A: Working: Computation:
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A: Introduction: Economic value added (EVA) is a cash-adjusted measure of a company's financial success…
Q: The Supplies account of FDN Company shows an unadjusted ending balance of P125,000. During the year…
A:
Q: accounting consept
A: Introduction Accounting Concept: Accounting concept refers to the fundamental assumptions,…
Q: Compute the value of the lease liability at lease commencement. Lease liability $
A: Lease refers to a contract between two parties under which one party who is the real owner of an…
Q: Which of the following are deficiencies with this process? A junior clerk from the accounting…
A: The following deficiencies has been noted in the process: - A Junior clerk from the accounting…
Q: The following information on cash transactions were reported by FDNACCT Co.: Proceeds from bank loan…
A: Investing activities is one of the important section of cash flows statement. This shows purchase…
Q: From Canada, before NAFTA From Asia, before NAFTA From Canada, after NAFTA From Asia, after NAFTA…
A: NAFTA was implemented to promote the trade between Canada, Mexico and U.S. We supply to that country…
Q: On January 1, 2019, Brazeau Transport purchased a $165,000 truck for hauling cattle across the…
A: Amortization expense is the one which is recorded to report the regular usage of the asset in the…
Q: If Austin is self-employed and makes $5,100.00 semimonthly, compute her total social security and…
A: Introduction: A tax is a mandatory fee or financial charge levied by the government on an individual…
Q: Why is eps not a consistently good measure of a firms performanc
A: After all the operating expenses i.e., all the fixed costs, which remain fixed irrespective of the…
Q: Journalize the following, assuming a 360-day year is used for interest computations: Apr. 30 Issued…
A: The journal is the first step of accounting to record the financial transactions. The journal…
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Q: Problem H For the year ended 2009 December 31, Fore Company reported the following information for…
A: Introduction Return on investment, also referred to as return on costs, is the ratio of net income…
Q: any manufactures deep-sea fishing rods, which it distributes internationally through a chain of…
A: Variable overhead efficiency variance refers to the concept which determines the difference between…
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A: The 2/10 n/30 is a term that is used by the company to calculate the amount of the discount under…
Q: Based on the information below of FDNACCT Co., how much should be recorded as total assets in the…
A: Long-term Payable, Notes Payable, Accounts Payable, Unearned Income, Accrued Expenses are considered…
Q: equired 48 ays' Sales Uncollecte Days' sales uncollected days days
A: Formulas: Days' sales uncollected = 365 x Average Accounts receivable / Sales where, Average…
Q: What are five basic principles which, if followed, should improve the probability of preparing a…
A: Introduction A budget is a financial statement that the management develops to evaluate the…
Q: Journalize the following, assuming a 360-day year is used for interest computations: Apr. 30 Aug. 30…
A: The accounts payable is reduced with issuance of note payable to creditors. The accounts payable…
Q: Account for bonds payable retired prior to maturity) On January 1, 2017, Ditchey Corporation issued…
A: Lets understand the basics. When bond is issued for less than its face value then it is issued at…
Q: Select the best answer for the question. 5. Which of the following statements about the Accumulated…
A: Accumulated Depreciation account contains the total depreciation charged on the asset till date. Due…
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A: The payroll processing entails calculating the employees' "net pay" after all appropriate taxes and…
Q: FDN Company signed a 90-day, 8% P150,000 note with the bank for cash borrowed. On maturity date, the…
A: The balance sheet represents the financial position of the business The note payable is recorded as…
Q: 5.6. is wrong
A: Auditing refers to the financial statements verification or investigation in order to check the…
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A: The direct material budget represents the estimated amount of raw materials to be used during the…
Q: Year 20Y1 2012 2013 2014 2015 2016 Dividends $ 24,000 48,000 108,000 132,000 168,000 210,000 Total…
A: The dividend is paid to the shareholders from the retained earnings of the business. The cumulative…
Q: A company bought a piece of equipment for $49,200 and expects to use it for eight years. The company…
A: Introduction: Depreciation is an accounting procedure that spreads the cost of a tangible or…
Q: 1. Compute the profitability index for each project. 2. Based on the profitability index, which…
A: Answer
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- What is the purpose of management accounting?in your own words, what is accounting information system (AIS)? List and discuss the three sub system of AIS and identify which one you consider the most important of the three and state why?The objectives of the data collection activity of the general model for Accounting Information Systems are to collect data that are a. relevant and redundant. b. efficient and objective. c. efficient and redundant. d. efficient and relevant.
- With the aid of relevant examples ,explainthe following management accounting concepts A.theory of constraints B.total quality management C. Just in timeFlexibility is one of the principles of an efficient and effective accounting information system! Explain the concept of flexibility with examplesWhat is a computerized accounting system? Write its advantages and disadvantages?