Discuss the following characteristics of reliable evidence using your own examples Qualification of individuals providing the information

Q: 10) The maturity value of a five-month promissory note issued May 31, 2013, is $2134.00. What is the…

A: Future Value = P + (P * R * T)Where P = Present Value R = Rate of InterestT = Time

Q: Jason did some tax planning, because he had a large gain on the sale of amazon stock. He calculated…

A: Salary income is chargeable on due basis or receipt basis whichever is earlier. Following is the…

Q: At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending…

A: Formula: Inventory turnover = Cost of goods sold / Average inventory.

Q: Practice 1. solve for the Efficiency of the Given Company aple Company Statement of Financial…

A: The question is related to Efficiency Ratio. The Efficiency ratio are also known as performance…

Q: Please answer the following questions 1. _________________ is the discounted net future cash…

A: Profitability Index= PV of cash inflows/Initial cash outlay where, PV= Present Value Balanced…

Q: With this information create a Trial Balance, and Financial Statements Balance Sheet for end of…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: Fifteen $5,000 bonds redeemable at par bearing 8% coupons payable quarterly are sold nine years…

A: Bond Valuation  Need to calculate the Issue price of the Bond  No of Bond Issued = 15  Face Value of…

Q: Flynn acquires 100 percent of the outstanding voting shares of Macek Company on January 1, 2021. To…

A: When an entity called parent entity acquired more than 50 percent shares of another company,then…

Q: ) An office building is currently for sale, and you are thinking of purchasing it. From your…

A: Desired amount of Investment is needs to be calculated for required rate of return Income for 15…

Q: Extracts from the draft budgets of a company are listed below RM'000 Operating profit 43-7 Sales…

A: Formula: Current ratio = Current Assets / Current liabilities

Q: The net income of Monarch Skate Inc. amounted to $3,750,000 for the year ended December 31, 2020.…

A: Earning per share = Net income/ Weighted avearge no of outstanding share

Q: Amira & Tay each started with $200,000. they retired and both took out $6500 of their money at the…

A: Answer:-  Calculation of sums at the end of each year (Amira):-  Year Amount (A) Money spent(B)…

Q: Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for…

A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…

Q: CUMULATIVE NPV: (1,145,712) (721,091) (283,993) 166,026 629,4 RETURN ON INVESTMENT: 24.44%…

A: Needs to understand calculation of Return on Investment  and Beak Even Point

Q: During January, its first month of operations, Ivanhoe Company accumulated the following…

A: There are three golden rules in accounting for recording the transaction : Debit what comes in ,…

Q: Fifteen $5,000 bonds redeemable at par bearing 8% coupons payable quarterly are sold nine years…

A: Lets understand the basics. When coupon interest rate is more than market interest rate then bond is…

Q: Kingston budgets total sales for June and July of $430,000 and $338,000, respectively. Cash sales…

A: The amount which is not received till july 31 is written as uncollected. Given that, Total sales in…

Q: Below are the financial statements for Aspirations Pty Ltd. Statement of Financial Position at 30…

A: The question is related to the Ratio Analysis. The dividend Cover is calculated with the help of…

Q: Zekany Corporation would have had identical income before taxes on both its income tax returns and…

A: Given : The asset cost $160,000 and is depreciated for income tax purposes in the following amounts:…

Q: At her death, Chow owned 55% of the stock in Finch Corporation, with the balance held by family…

A: Given :  Average net profits of $1,710,000 The book value of its stock is $4,275,000. Rate of return…

Q: The manufacturing costs of Barretto Enterprises for three months of the year follow:     Total…

A: High-low method: It is the method in which Fixed cost and variable costs are separated from the…

Q: What is the purpose of the Code of Professional Conduct for the accounting profession?

A: A code of ethics must have traditionally been the conventional mechanism whereby a profession…

Q: Below are the financial statements for Aspirations Pty Ltd. Statement of Financial Position at 30…

A: Formula to calculate the ratios   1. Net Income margin ratio =  (Net income / Revenue) x 100   2.…

Q: REQUIRED: 1. Calculate the breakeven point both in sales volumes (number of pockets) and sales…

A: Introduction : The break-even point is the moment at which total cost and total income are equal,…

Q: Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash…

A:

Q: Factory Overhead Volume Variance Bellingham Company produced 1,400 units of product that required…

A: The term "fixed overhead volume variance" is the difference between the amount of fixed overhead…

Q: A company that uses the periodic inventory system makes the following errors:…

A: Periodic inventory system refers to a method of inventory valuation in which physical count of…

Q: s of $500, and business meals

A: Given : Net income= $14,000, Tax expense= $3,200.

Q: Required: Use the step method to allocate the service costs, using the following: a. The order of…

A: Solution:- a)Allocate the costs of service departments using step down method as follows under:-…

Q: Which of the following statements regarding dividends in arrears is false?   Question options: a…

A: Dividend in arrears means the amount of dividend which was not paid due to insufficient funds in…

Q: The Guitar Shoppe reports the following budgeted sales: August, $130,000; and September, $210,000.…

A: Cash receipts from sales schedule shows the cash received from customer in the particular month by…

Q: ed as its head office in Pretoria. On 1 st January 2020, its carrying value was R20 million and its…

A: Assets are revalued at the end of the reporting period to calculate any revaluation gain or…

Q: At December 31, 2022. the following information (in thousands) was available for Swifty Inc: ending…

A: Formula: Inventory turnover = Cost of goods sold / Average inventory

Q: Inventory records for Dunbar incorporated revealed the folowing Unit of Units Cost $2.10 2.70 Number…

A: Lets understand the basics. Last In First Out (LIFO):- In LIFO inventory method company assumes…

Q: At December 31, Gill Co. reported accounts receivable of $281,000 and an allowance for uncollectible…

A: Formula: Uncollectible amount = Accounts receivable x Uncollectible Percentage

Q: a. As to this plan, how much is included in Andrew's gross estate? 4,846,560 x Feedback V Check My…

A: Solution:- Given, Andrew was a participant in his employer's contributory qualified pension plan at…

Q: I earn a salary from the company of $132,000 per year and the rest of our employees earn less than…

A: Solution:- Given, Salary = $132,000/year other employees earn = $45,000 each

Q: rhead costs o

A: The total cost of goods & services consists of each and every cost (whether fixed or variable,…

Q: Mastura has a small frozen food business. She prepares semi-cooked, frozen foods like popiah, samosa…

A: There four new products and expected sales revenue is provided with probability factor Need to…

Q: There are various users of accounting information. Identify any three and explain how they benefit…

A: There are external and internal users of accounting information. The external users inlcudes…

Q: Spirit Corporation reported the following payroll-related costs for the month of February. Gross pay…

A: Payroll- Payroll is the procedure for paying a company's employees. This procedure entails…

Q: A company reports the following amounts at the end of the year: Total sales revenue = $560,000;…

A: Net sales revenue is calculated by substracting the sales discount, sales return, and sales…

Q: Give an example of a system development life cycle flow chart?

A: The SDLC, or system development life cycle, seems to be fundamentally a project management paradigm.…

Q: Larkspur Company reports the following costs and expenses in May. Factory utilities $16,000…

A: 1. Manufacturing Overheads - This includes cost incurred in preparation of product indirectly.   2.…

Q: Under Edelbert company’s accounting system, all insurance premiums paid are debited  to prepaid…

A: Prepaid insurance are in the nature of Current Assets which are adjusted against insurance expenses…

Q: Hammond Manufacturing Inc. was legally incorporated on January 2, 2020. Its articles of…

A: Journal entries The Statement of Changes in Equity The equity section on the December 31,2022

Q: Park Mischner owns Old Times Buttons, which employs twenty-four people. Park wants to perform a…

A: Answer:-  Benefit analysis report meaning:- A benefit analysis report helps in comparison of…

Q: Gateway Construction Company, run by Jack Gateway, employs 25 to 30 people as subcontractors for…

A: Given as,

Q: Required: i. Using present-value method, determine the best alternative ii. Using the internal rate…

A: By using present value method , debt alternative carrying interest of 10% is the best alternative…

Q: Guide Questions: 1. Is ABC, Inc. profitable? 2. Is the company's financial performance improving…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…