e 10 mins..i'll upvote
Q: The petty cash fund of ABC Corp consisted of the following: Currency and coins, P2,000 Employees…
A: Petty cash is a small amount of cash on hand that is used for paying small amounts owed, rather than…
Q: Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct…
A: Material price variance = (Standard price - Actual price)*Actual quantity purchased Material…
Q: 3. The selling and administrative expense budget of Ruffing Corporation is based on budgeted unit…
A: Cash disbursement for selling and administrative expenses = Variable selling and administrative…
Q: A wholly owned subsidiary declared dividend and half remains unpaid by the end of the year, which of…
A: A wholly owned subsidiary is a subsidiary in which parent company holds 100% equity. All income or…
Q: Grace Jones was just hired as an accounting intern at your company Can you assist Grace and identify…
A: There are mojor advantages for corporate form of business organization; 1.Limited liability : There…
Q: a) Compute the above indicated ratios for DEL Bhd. b) Evaluate the overall performance of the…
A: Ratio means financial ratio or accounting ratio which is a mathematical expression of the…
Q: Branch purchased 160,000 worth of merchandise for 50% cash and balance on account. Delivery charge…
A: Branch accounting is the one where one entity has further branches in different countries and a home…
Q: Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks.…
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Maribeth Company made the following expenditures relating to Product Zee: Legal costs to file a…
A: As per IAS 38 Intangible Assets, Cost of intangible asset includes purchase cost and includes import…
Q: The tendency for managers to behave like the performance metrics are the strategic objectives is…
A: Performance metrics: These include the data and figures that represent the efficiency, abilities,…
Q: USE THE AMORTIZATION TABLE TO ANSWER THIS QUESTION: Bob Jones bought a new log cabin for $…
A: Given information Log Cabin Price = $325,000 Down Payment = 20% Interest rate = 8% for 30 years No…
Q: Lucille Corporation has 70,000, 6% ,20 par cumulative, participating preference shares outstanding…
A: Cumulative Preference Share: Cumulative preferred stock is a form of preferred stock that has a…
Q: The property, plant, and equipment section of the Jasper Company's December 31, 2020, balance sheet…
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: Assume that the expected common stock dividend per share at time 1 is expected to be $6 per share.…
A: Given to us is the capital structure of the organization based on which we need to calculate the…
Q: 9. Lt. Dan Corporation invested S80,000 in a manufacturing equipment. The salvage value of the asset…
A: The rate of return on investment shows the percentage of return earned by the company on the money…
Q: Felipe's Mexican Restaurant incurred salaries expense of $59,000 for 2024. The payroll expense…
A: FICA Medicare taxes payable = $59000×1.45% =$855.50 =$856 rounded to nearest cent.
Q: Question 1 Use the following information for Questions 1 a) and 1 b): a) At the beginning of the…
A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…
Q: Recognition of tax benefits in the loss year due to a NOL carry back involves: OThe establishment of…
A: Deferred tax asset: When book profits of entity is less than taxable profits it results in deferred…
Q: Required: (a) Prepare, showing all relevant workings: (i) The main process account…
A: Wash Ltd operates a single process to manufacture soap. Hence the company has to maintain a process…
Q: QUESTION 9 If you invest $5100 per year in a stock that grows at rate of 6% per year, how much will…
A: Time value of money means the worth of money today is more than the value of money in the future.
Q: A lot purchased for $4,500 is held for five years and sold for $13,500. The average annual property…
A: Long Term Capital gain is the gain on sale of property held for more than 2 years. It is the…
Q: 1. Using the least-squares regression method, compute the variable cost per league and the total…
A: As per our protocol we provide solution to the first three sub-parts or upto first three sub-parts…
Q: On April 2, Jennifer Elston uses her Target RedCard to purchase merchandise from a Target store for…
A: Answer to (A) Books of Target Store Journal Entries Date Particulars Amount (Dr) Amount (Cr)…
Q: The company produces the same number of units every month, although the sales in units vary from…
A: Product cost under marginal costing is enumerated as below:
Q: 6. Cartman makes Supersized Cheezy-Poofs. Cartman determined the standards for each unit (bag) of…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…
Q: .On December 31, 2021, Alfonso Company had the following cash balances: Cash in bank, 15,000,000…
A:
Q: Recognition of tax benefits in the loss year due to a NOL carry back involves: O The establishment…
A: Recognition of Tax Benefits in the loss year due to NOL carry back Basically its a treatment of Tax…
Q: Grace Jones was just hired as an accounting intern at your company. Can you assist Grace and…
A: CASH FLOW FROM INVESTING ACTIVITIES REFERS TO CASH INFLOW AND OUTFLOW OF CASH FROM INVESTING IN…
Q: If the depreciation tax shield is 40,000 due to tax rate declaration of 20%, what is the price of…
A: There are benefits of depreciation due to tax because they increase the expenses and decrease the…
Q: AAA Inc. acquired on January 1, 2016 all the issued and outstanding common shares of BBB Inc. for…
A:
Q: bank statement $ 9,915 cash general ledger account (bo0 eposit of $ 2,600 is not on the ban
A: The answer has been mentioned below.
Q: Belpre, Inc. owes $90,000 to William's Drones Co. for inventory acquired with terms of 3/15, n/30.…
A: Formula used: Discount amount = Invoice amount x Discount rate.
Q: B. The following year, in addition to the compensation income and 13th month pay he received and…
A: Pure compensation Income For Calculating the taxable pure compensation income which also included…
Q: Indicate whether the breakeven point will increase or decrease based on the following change (each…
A: Break even point = Fixed costs /Contribution margin per unit where, Contribution margin per unit =…
Q: ompany resident in Jamaica purchased the following assets in 2021: Asset Cost $ Honda Motor car…
A: The Capital allowance rate for Trinidad and Tobago in year 2022 is Honda Motor: 30 % Heavy…
Q: The double-declining-balance method is to be used for an asset with a cost of S88,000, an estimated…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: A new machine is to be purchased for $200,000. The company believes it will generate $75,000…
A: GIVEN A new machine is to be purchased for $200,000. The company believes it will generate $75,000…
Q: answer. A company had the following transactions during December: 12/1/2020 - Sold merchandise on…
A: Journal entries are the recording of transactions in the accounting format which helps to prepare…
Q: 3. Which of the following is NOT an issue that prevents reliance on the statement of cash flows in…
A: Cash flow statement consists of 3 type of activities 1. Cash flow from operating activities 2. Cash…
Q: a Traders is a registered VAT vendor and uses the periodic inventory system. Africa Traders buys and…
A: Since Mrs. South has settled her account.
Q: Which of the following credits shall be settled first by the corporate liquidator in the winding up…
A: Liquidation means where the business of firm is closed down , assets are sold out and liabilities…
Q: Peggy Lane Corp.., a producer of machine tools, wants to move to a larger site. Two alternative…
A: Answer - Part 1 - Two alternative locations have been identified: Bonham and McKinney. Bonham…
Q: On January 1, 2019, Jerome Company signed a 12-year lease for a building. The entity has an option…
A: When a potential tenant walks into a commercial real estate, it almost never fulfils the tenant's…
Q: Louisiana Company uses the indirect method to prepare s statement of cash fows Refer to the…
A: Treasury stock: Shares which are bought back by the company from the open market but not retired…
Q: 5. Archer's cost accountant prepared the following static budget based on expected activity of 4,000…
A: A flexible budget is something that could be altered to account for fluctuations in real income…
Q: Inc. issued 55 bonds with a $1,500 face value, a five-year life, and a stated annual coupon of 5%…
A: In the given case the bonds are issued at discount (as its face value is $ 1,500 and issue price is…
Q: Prepare the journal entries to record Bass' tax provision for each of the first two quarters of…
A: Provisions 1st Quarter - 675000*42% = 283500 2nd Quarter - 710000*42% = 298200 Reversal =…
Q: Sergei Company purchases land for $4,000,000 from which it expects to extract 2,000,000 tons of…
A: Introduction: Depletion: Decreasing value of assets over its useful life period called as Depletion.…
Q: On January 1, 2019, Heaven Company acquired 20% of the ordinary shares of an associate for…
A: GIVEN On January 1, 2019, Heaven Company acquired 20% of the ordinary shares of an associate for…
Step by step
Solved in 2 steps
- the Federal Reserve's monetary policy instruments and how they are usedWhat is importance of federal reserve system and explain how banks balance sheet are formed with examplesWhich of the following interest rate is the rate charged by Federal Reserve Banks for their loans to the financial institutions? A) Federal Funds rate B) Prime rate C) Discount rate D) Treasury bond yield rate
- briefly discuss how many monetary policy tools that Federal Reserve has under their disposal and how they use them.Explain the functions of the Federal Reserve Banking system. Of the functions which is the most critical? Which is the least critical? Explain why.8) In a contemporaneous reserve accounting (CRA) system, the reserve computation and reserve maintenance periods overlap. a) What is the drawback of a CRA system? b) What is the effect of a CRA system on banks' reserve holding strategies (increase or decrease reserve holding)? c) What is the effect of a CRA system on the federal funds rate?
- What specific interest rate is targeted by the Fed Open Market Committee? Inflationary rate primary credit lending rate discount rate nominal rate federal funds rateWhich of the following are traded in money markets? banker’s acceptances all Treasury securities corporate bonds junk bondsF1. The Office of Thrift Supervision has been absorbed into the: FDIC. Federal Reserve. OCC. FSOC.