Give two examples of where a vertical analysis would be useful to investors.

Q: High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company…

A: Activity based costing means where the product is valued on the basis of actual direct material ,…

Q: to claim in the current taxation year, the full amount of a tuition credit made in that year.…

A: Tax:- A tax is the compulsory payment which is imposed by the government on income and capital…

Q: There were following activities occurred during the first month of Babara Schmidt's new hair cutting…

A: Accounting Equation The accounting equation states that a company's total assets are equal to the…

Q: Income Statement (SM) Revenue Depreciation Other Operating Expense Income Before Taxes Taxes 2019…

A: Formula: Net profit margin ratio = ( Net income / Revenues ) x 100

Q: s, so he will onl

A: Stocks refer to the equity instruments where there is high risk as well as high return.   Bonds…

Q: L Trading Company operates a branch in Dallas, Texas.  At close of business on December 31, 2008,…

A: Branch accounting refers to the accounting under which the separate accounts are prepared by the…

Q: How to establish budget planning and control system for department stores？

A: budget is considered to be an document in the business that is used to track the income and expenses…

Q: 66.7% ▾ The following is an extract of some of the transactions for the month PRODUCT COST NO…

A:

Q: Annual depreciation on equipment at Charmed, Inc.is $2,100. The adjusting entry to record one…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: Annual depreciation on equipment at Charmed, Inc.is $2,100. The adjusting entry to record one…

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

Q: On December 1, 2012, Pateros Corporation sold furniture's to Singapore Company. The sellin price of…

A: Forward Contract receivable: It is a  derivative financial instrument that occurs between two…

Q: following results are at a 2-sided confidence level of 90%. Lower confidence limit $1,200,000…

A: Introduction: An allowance is a deposit set up in anticipation of future costs. The creation of a…

Q: Soft Feathers, Inc., distributes a high-quality wooden birdhourse that sells for PhP1,000 per unit.…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: ABC Company is in financial difficulties and agreed to issue 20,000 of its P20 par value shares in…

A: Here discuss about the details of extinguishment of debt while incurred the equity swap to the loan…

Q: Required information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing…

A: A transaction is an organization interact that has a financial impact on a statement of financial…

Q: Falcon Corporation sold equipment to its 80%-owned subsidiary, Rodent Corp., on January 1, 2005.…

A: Depreciation means reduction in the value of asset over time due to wear and tear. Depreciation =…

Q: Determine the unit contribution margin and contribution margin ratio. Last month, Laredo Company…

A: Given Sales = 450 units at $25 each Fixed Cost = $2,520 Variable Cost = $9 per unit   Unit…

Q: For the next two (2) questions: Selected balances related to the accounts receivable of ABC Company…

A: >Account receivables are the balances of customers or borrowers who owe the business certain…

Q: 6. Consider a bank account with the following transactions for the month of June 2021: No. of Days…

A: Bank: It is a financial institution that accept deposits from and provide loan to public. This…

Q: Prepare a flexible budget management report indicating the activity variance and revenue and…

A: A flexible budget adjusts to changes in actual revenue levels. Actual revenues or other activity…

Q: What amount should be charged to Retained Earnings account and credit liability accounts,…

A: Dividend refers to that portion of the net income of the company which the company paid to its…

Q: Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency.…

A: Labor rate variance= (Standard rate - actual rate) actual hours Labor quantity variance: (Standard…

Q: A. B. C. Prepare the Sales Ledger Control Account. Prepare the Purchases Ledger Control Account.…

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Q: Which will demonstrate an agreement to refinance (choose the incorrect one)? Group of answer choices…

A: Here discuss about the details of the arrangement of the refinance which are involved with the…

Q: uppose you have a business where you house-sit for people while they are away on vacation. Some of…

A: Cash system of accounting means where all expenses , losses , income and gain are recognized on the…

Q: A company enters into a contract to supply three distinct products to a customer. The promise to…

A: >Based on accounting principle of revenue recognition, when more than one product or service is…

Q: Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed…

A: A variable cost is one that varies according to the volume of output or the quantity of services…

Q: The net income for Sunland Co. for 2022 was $282,900. For 2022, depreciation on plant assets was…

A: The cash flow statement shows cash inflow and outflow from the business activities. Operating…

Q: Accounting At the end of January, $4,800 of accounts receivable are past due, and the company…

A: The bad debt expense for the period can be estimated on the basis of credit sales or account…

Q: Determine the unit contribution margin and contribution margin ratio. Last month, Laredo Company…

A: In order to determine the contribution margin per unit, the variable cost per unit is required to be…

Q: An investor who owns 100 shares of JJJ Company common stock with a cost of P120 a share received 100…

A:

Q: The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for…

A: Depreciation expense is the reduction in the value of an asset due to normal wear and tear, passage…

Q: ABC Company is in financial difficulties and was not able to pay the 10% interest of P100,000 due on…

A: One of the source used by the business entities so as to raise the funds and meet the financial…

Q: Alliance Corporation purchased inventory with an invoice price of $22,000 and credit terms of 1/10,…

A: Formula: Amount to be paid = Invoice price - Discount amount

Q: 890 Inventory Turnover Ratio 2021 Q = ·.1.

A: Introduction:- Inventory turnover ratio is the cost of goods sold divided by the average inventory…

Q: Aika wishes to set aside a total of P60,000 as savings for the year 2022. She plans to deposit her…

A: A. On Deposit of P30,000 made on June 1, 2022, interest will accrue for 7 months and On Deposit of…

Q: Q12 Which of the following is correct in a regular way purchase (or sale) of a financial asset?…

A: Introduction:- Financial asset is an asset whose value comes from a contractual claim. The following…

Q: required: preparing the lists of the financial position for the years 2008,2009 and conducting…

A: Based on the data for the financial position of the company horizontal analysis is to be conducted.…

Q: Javier and Anita Sanchez purchased a home on January 1, 2021, for $852,000 by paying $284,000 down…

A: A company's interest expense indicates the cost of borrowing. Interest expense is a semi-item on the…

Q: For each of the following situations, determine the amount of Producer Surplus generated a. Paul…

A: Paul lists his old iPod for sale on an online auction. He sets a minimum acceptable price, known as…

Q: Dividend Per Share Windborn Company has 25,000 shares of cumulative preferred 2% stock, $50 par and…

A: Preferred stocks are those stocks that have a preferential right over dividends before common stock.…

Q: 2. The objectives of Working Capital management is not to have a proper balance between different…

A: working capital  in order to run the day today operation of the business this is calculated by…

Q: The amount reported as expense in relation to the consultancy service is

A: As per IFRS 2, Share-Based Payments, when the consideration for a service is provided in the form of…

Q: This year, Leron and Sheena sold their home for $1,372,500 after all selling costs. They bought the…

A: Given :- Leron and Sheena sold their home for $1,372,500 after all selling costs. Leron and Sheena…

Q: 1. If P5,000 is invested in a time-deposit for 2 years in a bank that offers 4% annual interest…

A: Compound interest is the interest you earn on interest. This can be illustrated by using basic math:…

Q: service contracts on equipment sold through major retailers. The standard contract is for three…

A: The liability to be  included in the December 31, 2021 balance sheet is the deferred warranty…

Q: Officers and employees of the Cooperative Development Authority are disqualified to be elected or…

A: As per our protocol we provide solution to the one question only but as you have asked multiple…

Q: Blue Fin started the current year with assets of $716,000, liabilities of $358,000 and common stock…

A: Shareholder's Equity refers to Sum of Total Preferred Stock, Common Stock and Retained Earnings.

Q: Determine the unit contribution margin and contribution margin ratio. Last month, Laredo Company…

A: Formula: Unit contribution margin = Selling price per unit - Variable cost per unit

Q: Ebasan Compary acquired a new machine with an invoice cost of P1,600,000, Ebasan incurred…

A: Cash allowance to Chief engineer shall not be adjusted in the cost of machine. Gratuity to the…