Frauds are often detected through the receipt of an anonymous tip, by management review, by internal audit, by external audit, by any employee, or by accident. -True or false

Q: Ingles Corporation is a manufacturer of tables sold to schools, restaurants, hotels, and other…

A: Budgets are the estimates or forecasts which are made for future period. Production budget shows how…

Q: On June 1, 2022, GHI Co. acquired P3,000,000 bonds of Z Company at 102 plus transaction costs of…

A:

Q: El1.5 (LO 2) The following section is taken from Ohlman Ltd.'s. statement of financial positi…

A: Introduction:- Journal entries used to record monetary or business transactions. which plays vital…

Q: hich statement concerning the average settlement period for accounts payable is correct? Select…

A: The average settlement period for accounts payable means the average time taken to pay the…

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A: The standard is set in advance, and the actual performance is measured against it. If the actual…

Q: Could you explain the relationship between money, credit, and financial firms? Explain

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Q: HH Auto Repair reports the following information for the coming year. Labor rate, including fringe…

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A: The present value of future money would give the amount of money that is equivalent today…

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A: The statement is explained as,

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A: Introduction:- Purchase price includes Cost of Bicycle, Assembling Cost, State Tax and Local Sales…

Q: True or False Replacement ends depreciation

A: Replacement Cost pays the dollar amount needed to replace damaged personal property or dwelling…

Q: PRODUCT MIX DECISION ELEMENTAL HERO CORP. makes three products in a single facility. Data concerning…

A: The question is related to the Product Mix decision. Contraints are the limiting factor that is to…

Q: Question 3 As at 1 Feb 2020, Aleena Trading had a balance of RM 2,330 in the allowance for doubtful…

A: Bad Debts recovered : Sometimes it appears that the amount from debtors will not be received and Co.…

Q: The cash flow on total assets ratio Is computed by dividing average total assets by operating in-…

A: Cash flow on total assets is an efficiency ratio that analyzes real cash flows to business assets…

Q: A family friend has asked your help in analyzing the operations of three anonymous companies…

A: Formula: Return on Investment = net Operating Income / Average operating assets Residual income =…

Q: Gamma Ltd is a small manufacturing business. Direct materials and direct labour are the only…

A:

Q: Roma Company provided the following shareholders’ equity at year-end:Preference share capital, P100…

A:

Q: Which of th

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Q: elected sales and operating data for three divisions of different structural engineering firms are…

A: Solution : Return on investment is percentage return earned on average operating assets of the…

Q: The Dickinson Company reported net income of $155,000 for the current year. Depreciation recorded on…

A: Solution: A cash flow statement is a financial statements that shows how changes in income and…

Q: Reference the cash flows shown below. Pick the best alternative using the ERR method. MARR = 15%. e=…

A: The economic rate of return (ERR) is a rate simply calculated from the cash flow of an investment…

Q: On December 31, 2021, an entity has a building with cost of Rp500 million and accumulated…

A: Disclaimer: Since you have asked multiple questions we only answer the first question for you to…

Q: Please explain what this phrase means: "Debit the Receiver, Credit the Giver."

A: Accounts are mainly classified into 3 categories: Personal accounts Real accounts Nominal accounts…

Q: What are the risks prevalent in a payroll system?

A: Payroll system is generally the system used in an organization to manage the salary and wages…

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A: Treasury bonds are government debt securities issued by the government. These bonds are fixed-rate…

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A: ANSWER     Introduction Inventory refers to raw material that helps in producing finished goods or…

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A: Statement of Cash Flow - It is the statement that includes operating, Investing and Financing…

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A: ROI is the return earned on investing in each asset of the entity. It further represents the…

Q: The following information pertains to Diane Company. Assume that all balance sheet amounts represent…

A: Introduction:- Return on total assets indicates earnings before interest and taxes relative to its…

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A: Financial ratios helps to present the accounting data in a summarised and condensed form. Various…

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A: Sales forecasting is the process of predicting future earnings by calculating how much service or…

Q: efer to the following selected financial information from a company. Compute the company’s return on…

A: Return on total assets is the efficiency of total assets employed in the business to generate net…

Q: The interest rate implicit in the lease is 6.85%. The present value of the lease payments on 1 July…

A: Given  Present value of the lease payments = $25,000 Interest rate implicit…

Q: Problem 3: A certain machine costs P 40,000, has a life of 4 years and salvage value of P 5,000. The…

A: Formula: Depreciation per unit = ( Asset cost - Salvage value ) / Total estimated Units. Deduction…

Q: What are the 2 Fundamental Qualities of useful accounting information? Answers: Faithful…

A: Accounting information is concerned with the financial statements produced by bookkeeping and…

Q: HH Auto Repair reports the following information for the coming year. Labor rate, including fringe…

A: Formula: Total labor rate per hour = (Labor rate + (Other overhead / Annual labor Hours )) x ( 1 +…

Q: Oriole Company had 110 units in beginning inventory at a total cost of $13,200. The company…

A: FIFO means the first in first out which means that goods purchased first will be sold first.…

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A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: If a company Is comparing this year's financial performance to last year's flnancial performance, it…

A: True

Q: Compare and contrast common stocks and preferred stocks

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A: Actual hours is the time actually taken to complete the task. Standard hours is the estimated time…

Q: AAA Inc. purchased P400,000 of BBB Corp. ten-year bonds with a stated interest rate of 8 percent…

A: GIVEN   AAA Inc. purchased $400,000 of BBB Corp. ten-year bonds with a stated interest rate of 8%…

Q: The Maryland Restaurant generates sales of $1,000,000 a month with variable costs of 30%. The Kobe…

A: GIVEN     The Maryland Restaurant generates sales of $100,000 a month with variable costs of 30% The…

Q: Given the following, calculatge the state (assume 5.3%) and federal unemployment taxes that the…

A: Payroll accounting is the calculation of employee's compensation. It includes recording and…

Q: What is gross operating income over the next year to the nearest dollar for an apartment building…

A: The gross operating Income will be gross amount to be collected less the amount of allowance for…

Q: Question 1 Vandelay Industries has been manufacturing its own touch screens for its cellular phones.…

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A: Equivalent units is the term which describe us that how much work has been done in the company and…

Q: B-1 Organic Food Company (*B-1") engages in the business of selling organic food on-line. The…

A: Journal entries: These are the entries prepared to record the business transactions in the books of…