Find the present value of an ordinary annuity which has payments of $1800 per year for 11 years at 9% compounded annually. The present value is $. 24 (Round to the nearest cent.)

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A: The question is based on the concept of Depreciation Accounting. Depreciation is the decrease in the...

Q: A company XYZ is into the manufacturing of kid toys. They manufacture different kinds of small or bi...

A:

Q: Job 139 39,200 3,400 103,200 25,500 Job 140 Total direct labor Indirect labor Total labor cost $ 128...

A: Total Cost=Materials+Labor+Overhead

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A: Transfer pricing  is  the value which is attached to the goods or services transferred between relat...

Q: iple wants to purchase a hom couple will put down a 20% down pa average rate for a 30-year fixed mor...

A: Calculation of EMI   EMI = [P x R x (1+R)^N]/[(1+R)^N-1 Where, P = Loan Amount, R= Rate , N = No. of...

Q: a. Show the accounting entries that you would make to record depreciation on tractors of R20 000, wh...

A: Lets understand the basics. Depreciation is a reduction in value of asset due to wear and tear, tech...

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A: The method or technique of costing which is used in those manufacturing units which are continuously...

Q: Assume an employee has a meeting with a potential client. The employee spends P2,500 on airfare, P50...

A: Out of pocket cost: Out of pocket cost is the amount of office or work related charges which are rei...

Q: A company paid $0.82 in cash dividends per share. Its earn dividend yield equals:

A: In this question, we have to calculate dividend yield which can be calculated by dividing the divide...

Q: An inventory of supplies showed $1,000 were used up. 2. There was $600 of depreciation on Furniture...

A: The financial statements of the business include the income statement and balance of the firm which ...

Q: Prepare the December 31 adjusting entry to report these investments at fair value. View transaction ...

A: Solution:- Preparation adjustment entry to report the investments at fair value as follows:- Note:--...

Q: CONGRATULATIONS Compnay recently acquired two items of equipment: >Acquired a press at an invoice p...

A: Fixed asset: It implies to a non-current tangible asset that is used by the business for a period of...

Q: Refer to the following selected financial information from Phantom Corp. Compute the company's days'...

A: Introduction:- First we need to calculate inventory turnover ratio Inventory turnover ratio =Cost of...

Q: Product X is produced in department A and transferred to the finished goods warehouse when completed...

A: Equivalent unit of production means converting the uncompleted production into its equivalent comple...

Q: Limestone Construction purchased a concrete mixer on July 15, 2011. Company officials revealed the f...

A: Depreciation is considered a reduction in the value of asset give two uses of that asset. We can eva...

Q: Muar Fabrics Corporation manufactured 20,000 units of special multilayer fabric with the name Stailo...

A: Variances: Variances are the deviations between the cost of standard estimates and the cost of actua...

Q: Mia Wiz sells computers. During May, it sold 300 computers at a $700 per unit price. The fixed budge...

A: Variance analysis is one of the important technique of management accounting, under which budgeted d...

Q: Financial ratio analysis is a widely used tool for assessing the "health" of an organization and ide...

A: Financial ratings are quantitative indicators that distinguish important information from a company'...

Q: A "balanced transaction" (DR=CR) is a guarantee that a transaction has beer recorded 100% correctly....

A: Correct answer if 'False'

Q: On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use thi...

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets ...

Q: agree

A:                           In partnership normally the capital balances are adjusted as per interest ...

Q: . What was the net income after taxes of the property/casualty division?

A: Net income after taxes  $1,53,750

Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year roun...

A:

Q: A high-definition TV costs a company $3,100 to manufacture, If it sells for $6,742, what is the perc...

A: Solution: Markup is the difference between the selling price of a good or service and cost. It is ge...

Q: A "balanced transaction" (DR=CR) is a guarantee that a transaction has been recorded 100% correctly....

A: Ans. While passing journal entry accounting principles should be taken care of. This is not just abo...

Q: Access and examine section 17 of the Income Tax Act of Jamaica, then perform the following tasks: 1....

A: 1) The word "Artificial" iscompared to conventional ostensibly the same kind, unusual features and s...

Q: Fair value of plan assets, Jan. 1 Contributions to the retirement fund during the year Benefits paid...

A: A plant asset is an asset that has a service life of more than one year and is used to produce reven...

Q: A small business has $1,000 in their Bank Account, $1,000 in the Equipment Account and $2,000 in Cap...

A: Solution Explanation- Error of Commission is an error that occurs when a bookkeeper or accountant re...

Q: Monica wants to sell her share of an investment to Barney for $58,000 in three years. If money is wo...

A:  Present value formula is: PV = FV / (1 + r / n)nt Where, PV = Present value FV = Future value r = ...

Q: 39) Pall, Inc, owns 40% of the outstanding stocs received a $4,000 cash dividend from Sibil. WE fina...

A: Balance sheet represents the financial position of the company that involve the assets, liabilities,...

Q: Raw material = Rp. 150.000 Labor cost = Rp. 60.000 Overhead variable cost = Rp 90.000 Fixed S&A cost...

A: Total variable cost = Rp150,000 + Rp60,000 + Rp90,000 + Rp30,000                                   ...

Q: Nix'lt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts th...

A: Closing entries are reported in the books to close the temporary accounts such as expenses and reven...

Q: 1,200 units, 40% completed $47,800 From Department A, 26,000 units 845,000 Direct labor 312,000 Fact...

A: The cost of production report (CPR) is a document in use in process costing systems to summarise inf...

Q: Powers Company reported net sales of $1,310,000, average Accounts Receivable, net of $67,500, and ne...

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Q: Jones Company has the following balances for the current month: Direct materials used $24,000 Direct...

A: The question is based on the concept of Cost Accounting. Conversion costs are directly related to th...

Q: On January 1, 2021, EXPERT EFFORT Company purchased serial bonds with face value of P3,000,000 and s...

A: Under the amortized cost method, present value of the bond can be calculated by discounting all the ...

Q: Dannilynn Davis Decorators began business on July 1st, and had the following transactions: 7-1: Dann...

A: Financial Statement - Financial Statement includes Income Statement, Statement of Owner's Equity, an...

Q: Define cost of equity? How does it relate to the ‘required rate of return’ (r) on equities?

A: Definition of Cost Equity: Cost of equity is the return that a company requires for an investment or...

Q: Stark Company's most recent balance sheet reported total assets of $1.74 million, total liabilities ...

A: GIVEN   Stark Company's most recent balance sheet reported total assets of $1.74 milhion, total liab...

Q: Prepare Tiker Company's journal entries to record the following transactions and the adjusting entry...

A: Gain on sale of stock investment = Cash - Stock Investments Fair value adjustment is the difference ...

Q: Required information Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume ...

A: Cost volume profit analysis is the technique used by the management for decision-making. The methods...

Q: Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's produ...

A: Solution: Raw material Inventory Event Debit Event Credit a $2,20,000.00 b $1,51,500.00    ...

Q: A. Management has developed a new inventory management system that it projects will reduce company i...

A: The cash would be increased if the inventory would be decreased and accounts payable would be increa...

Q: detify and explain the 3 main uses of analytical procedres during the audit

A: Auditors generally make use of analytical procedures during an audit. In fact analytical procedures ...

Q: I'm not understanding this. Can someone please help and explain? THANK YOU! An inter vivos trust w...

A: Journal Entries- Journal entries refer to the authoritative book of a business which is used to reco...

Q: Pearl Corporation has the following capital structure at the beginning of the year: 4% Preferred sto...

A: Stock holder Equity: It is an account on a company’s balance sheet which  contain  share capital and...

Q: What is the carrying amount of the bond investment on December 31, 2021? ( round off final answer)

A: Present Value of Bond = Present Value of Coupon Payments + Present Value of Redemption Value Present...

Q: Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities outstandin...

A: GIVEN   Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities ou...

Q: A company has 31,000 shares of common stock outstanding. The stockholders' equity applicable to comm...

A: Book value per share= (Shareholder's equity- Preferred stock )/ Common stock shares  

Q: Raw material = Rp. 150.000 Labor cost = Rp. 60.000 Overhead variable cost = Rp 90.000 Fixed S&A cost...

A: In full costing, the manufacturing overhead (variable and fixed) are considered first and added to c...