Given the building layout for Store A, Store B, Store C, and Store D, what portion of the shared $6000 security costs should be apportioned to Store A? A B C 625 ft 625 ft 2500 ft² 2500ft apportioned cost = $ [ ?] Round your answer to the nearest hundredth. Enter
Q: Allen Inc. took out a 1-year, 8%, $100,000 loan on March 31, 2018. Interest is due upon maturity of ...
A: Formula: Interest expense = Loan Amount x Interest rate x Time period
Q: Economic Order Quantity. Assume that Every- man's Bookstore uses up cash at a steady rate of $200,00...
A: Cash management would seem to be the procedure of collecting and handling cash flows. Individuals an...
Q: Berkeley Inc. is engaged in manufacturing. For the procurement of machines, Berkeley Inc. uses the l...
A: When there is an option attached to the lease agreement then the lease is a sale-type lease. In sale...
Q: Crossfire Company segments its business into two regions-East and West. The company prepared a contr...
A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are allow...
Q: Exercise E Two segments (Mountain Bike and Road Bike) showed the following data nost recent year: Mo...
A: In this question, we have to calculate the return on investment
Q: On January 1, 2021, Illuminati Company purchased 10% bonds with a face amount of P3,000,000. The bon...
A: Bond Valuation Bond can be valued either in par value or in discount or in premium as well. The cal...
Q: What is the process of developing a strength/weakness balance sheet?
A: A balance sheet is a financial statement that depicts a corporation's assets, liabilities, and stake...
Q: PSc 2-1: Identify Pay Periods & Evaluate Workweeks Examine each of the following independent circums...
A: The pay period can be defined as the period which is used to calculate wages earned by the employee,...
Q: Account Particulars |Cash (100000*30) Common Stock (100000*0.6) Additional paid in capital common st...
A: Shareholders equity section is the section in the statement of financial position which shows the ne...
Q: Butterfly Limited has finalised its budget for 20X8 and sales are anticipated to be £243,600 in Janu...
A: A sales budget is a financial projection of a company's total sales over a given period of time. Sal...
Q: An adverse labour efficiency variance together with a favourable labour rate variance could suggest ...
A: Labour efficiency variance is the variation in the standard hours required for actual production and...
Q: 7) You purchased a commercial building and lot for $190,000 on March 3rd, 2020. The lot itself was v...
A: Modified Accelerated Cost Recovery System that allows a deduction for depreciation for the tax purpo...
Q: hort-term debt 2,100,000 Long-term debt 2,420,000 Current assets 3,900,000 A company buys furnitu...
A: Fixed assets purchased by a business organisation should be financed out of long-term funds. Long-t...
Q: At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $170,000. It is e...
A: Formula: Straight line method depreciation = ( Asset cost - Salvage value ) / Useful life
Q: Jefferson Inc. has the following information for the month of September. The company applies OH cost...
A: In this question, we will calculate the total manufacturing overhead is under applied or over applie...
Q: The unadjusted net worth ncome on the news ncome statement was 22,600. After journalizing and postin...
A: In accounting; adjustments refers to the transactions for which cash was received or paid in past bu...
Q: XYZ manufactures a computer stand. It has fixed costs of S600,000 and each stand sells for $90, with...
A: Selling price = $ 90 Variable cost = $ 48 Fixed cost = $600,000 Contribution per unit = Selling pr...
Q: QUESTION 1 The financial statements identify financial position, performance and changes in cash flo...
A: A) Limitations of financial statements Financial statements are based on historical cost. Financia...
Q: Ada Company owns and manages apartments. On signing a lease, each tenant must pay the first month an...
A: Given, Cleaning costs of Php15,000 per apartment. About 30% of the time, the tenants are also charge...
Q: Bi, Ni, and Tin formed a partnership and agreed to maintain an average investment of P 100,000, P 50...
A: Partnership is a relation of mutual trust & faith between 2 or more persons who have agreed to s...
Q: Budgets identify, gather, summarise, and communicate: a) Financial data only. b) Financial and non-f...
A: Budgeting is the process of identifying, gathering, summarizing, and communicating financial and non...
Q: At the beginning of June there were 500 Widgets held in the stores. 200 of these Widgets had been pu...
A: FIFO valuation method: FIFO stands for First-In, First-Out. In FIFO valuation method, inventory pur...
Q: Bay Company holds 60,000 of Fay Company's 200,000 outstanding shares and 8,000 of Hay Company's 400,...
A: Cash Dividend: In business, a cash dividend is a distribution of funds or money to investors that is...
Q: Jana is a shareholder in Jasmine Company, a partnership. Her share of the business's current ordinar...
A: The association made by two or more persons where each person have right to get their share of profi...
Q: "In my opinion, we ought to stop making our own drums and accept that outside supplier's offer," sai...
A: Financial Advantage/(Disadvantage)=Total relevant cost of making-Cost of purchase
Q: Using Return on Assets and Return on Equity to Compare Performance Across Companies Thiokol Corp. an...
A: The ratio analysis helps to analyse the financial statements of the business. Return on total asset...
Q: 11 Apple and Green started a business as a partnership on January 1 200A. Apple contributed P 36.000...
A: In this question, we will make statement of partner's Equity for both years.
Q: Green Rider makes three types of electric scooters. The company’s total fixed cost is $2,376,000,000...
A: Cost volume profit analysis is the technique used by the management for decision-making. The methods...
Q: What is your opinion of the organization's financial strength Do you see any significant financial ...
A: Financial Strenght is the basic requirement for any business to flourish. Profit making business hav...
Q: The Board of Directors were worried over the dwindling financial performance and precarious financia...
A: 3) Debt Equity Ratio =Long term debt +long term provisionsshareholder's equity ...
Q: . How much money would have to be raised to put a new plant costing $ 250972, if a fund reserve was ...
A: Sum of years depreciation is a method of depreciation amount which is charged on the asset during th...
Q: Why is there a need for a change in the structure of the International Accounting Standards Committe...
A: IAS Committee (IASC) was set up in 1973 for bringing harmonization to the accounting process around ...
Q: Prepare a statement of cash flows for Forrest Ltd for the year ending 30 June 2022. Notes are not re...
A: Plant account Particulars Dr. Particulars Cr. beginning 100,000 Depreciation 5000 Purchase...
Q: Don Camilo Company, a real estate entity, had a building in Legarda Rd. with a carrying amount of P2...
A: Carrying Amount of the Building = P20,000,000 Fair Value of the Building = P35,000,000 Useful life =...
Q: Dabin Company purchased a P1,000,000 ordinary life insurance policy for its president. The benefi of...
A: Insurance dividend shall be adjusted with premium amount paid to life insurance company.
Q: Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data for an avera...
A: The question is based on the concept of Cost Accounting.
Q: The questions has two parts: A departmental store sells stereo systems, television sets and radios. ...
A: 1. Simple Average of Price Relative Method is the relevant method as multiple products are involved ...
Q: Dow Deep Mining Co acquired mineral rights for $56,000,000. The mineral deposit is estimated at 70,0...
A: Formula: Depletion rate per ton = Acquired mineral rights value / Total estimated Tons
Q: ash $15,500 ccounts Receivable 8,000 repaid Rent 2,400 ffice Supplies 1,400 and 25,000
A: Net income means deducting all the expenses (Costs) allowances and taxes of an individual are known ...
Q: insurance company pays its employees a commission of 6 percent on each sale. What is the proper clas...
A: the constant cost are those cost and industry where is firm cost are not impected by entry or exit o...
Q: At the beginning of the current year, Big Company purchased 25% of the outstanding ordinary shares o...
A: Investment in associate can be recorded at fair value or at purchase cost depending upon the stake p...
Q: Grainger Company produces only one product and sells that product for $110 per unit. Cost informatio...
A: COGM (Cost of Goods Manufactured) is a management accounting term that refers to a schedule or state...
Q: What is the maximum contribution that an employer can make to an employee’s SIMPLE account?
A: A SIMPLE IRA (Savings Incentive Match Plan for Workers) plan enables employees as well as employers ...
Q: 10 Which of the following requires that quality be manufactured rather than inspected into products?...
A: This statement is relevant for JIT i.e. Just in Time Process of production where production starts o...
Q: Recommend three controls of an accounting system
A: An accounting system is a set of interconnected accounting procedures and controls. The goal of an a...
Q: Given that the closing work-in-progress of a process is 400 units, which is 100% complete with rega...
A: The equivalent units are calculated on the basis of percentage of the work completed during the peri...
Q: A draw bench for precision forming and strengthening of carbon steel tubing has a cost of S950,000. ...
A: Formula: Straight line method depreciation = ( Asset cost - Salvage value ) / Useful life years
Q: pany purchased a computer that cost $10,000, It had an estimated useful life of 5 years and no resid...
A: Under straight line depreciation method, annual depreciation is based on useful life in years. Book ...
Q: The following information applies to the questions displayed below.] Shares sold for consideration o...
A: Journal Entry The basic process of accounting is to journalize the required transaction into debit a...
Q: Financial budgets include: a) Pro forma statements, a sales budget, and a cost of goods manufactured...
A: The process followed to make future estimates for revenue, expenses, purchasing and cash transaction...
Step by step
Solved in 2 steps
- Salaries of IT employees working exclusively on the project:R670 000 Employee awareness leaflets: R32 000 General overhead cost allocation: R123 000 Specialist consultancy service: R432 000State what value for each of the above four expenditures will beincluded in the capitalised cost of the ERP system. Write downonly the amounts.On December 31 Y1, the Company ARL develop a Product: Master 3D. The disbursement associate to the Product are the following: Research $6,000,000 and Development $4,000,000. The criteria have been met for recognition of the development costs as an asset. Product Master D will be in the market in Year 2 and is expected to marketable for 5 years. Total sales of the product are estimated at $100,000,000. Instructions: Using IAS 38, determine the effect of the Research & Development costs have on Company’s Net Income. Answer the following questions. 1. Choose one and explain Net Income using IFRS will be in Year 1: a. Higher by $________ larger than U.S. GAAP income. b. Lower by $________ larger than U.S. GAAP income. c. Both will be the same. 2. Explanation: 3. Year 3 (ending balance) Determine the Book Value of the asset 4. Explanation:On December 31 Y1, the Company ARL develop a Product: Master 3D. The disbursement associate to the Product are the following: Research $6,000,000 and Development $4,000,000. The criteria have been met for recognition of the development costs as an asset. Product Master D will be in the market in Year 2 and is expected to marketable for 5 years. Total sales of the product are estimated at $100,000,000. Instructions: Using IAS 38, determine the effect of the Research & Development costs have on Company’s Net Income. Answer the following questions. 1. Choose one and explain Net Income using IFRS will be in Year 1: a. Higher by $________ larger than U.S. GAAP income. b. Lower by $________ larger than U.S. GAAP income. c. Both will be the same. 2. Explanation: 3. Year 3 (ending balance) Determine the Book Value of the asset 4. Explanation: Show you computations.
- You purchase a multifamily property for $4,500,000. You commission a cost segregation study to determine how the cost should be allocated and determine the following:\\n\\nLand: 30%\\n\\nResidential Improvements: 55%\\n\\nLand Improvements: 10%\\n\\nFurniture, Fixtures & Equipment: 5%\\n\\nWhat is your projected depreciation expense associated with this property? (Round your answer to the nearest dollar)\\nPlease provide an excel file with labels and formulas, Thank youE 12-9 Research and Development Cost In 2019, Lalli Corporation incurred R&D costs as follow: Materials used from inventory 100,000 Personnel in R&D lab 100,000 Allocation of the cost of utilities and maintenance costs of the R&D facility 50,000 These costs relate to a product that will be marked in 2020. The company estimates tht these costs will be recouped by December 31, 2020. Required: 1. What is the amount of R&D cost expensed in 2019? 2. Would your answer change if the materials were purchased and not used or if the utilities and maintence costs were related to the corporate offices?In year 1, in a project to develop product X, MAC company incurred R&D costs totaling $25 million. MAC is able to clearly distinguish the research phase from the development phase of the project. Research phase costs are $10 million, and development phase are $15 million. All of the IAS 38 criteria have been met for the recognition of $10 million of the development costs of an asset. Determine how costs will be capitalized and expensed under IFRS and GAAP Select one:a. GAAP : $10mn expensed as R&D. IFRS : $10mn capitalized as Deferred development costb. GAAP : $10mn capitalized as R&D. IFRS : $10mn capitalized as Deferred development costc. GAAP : $10mn capitalized as R&D. IFRS : $10mn expensed as Deferred development costd. GAAP : $10mn capitalized as R&D. IFRS : $10mn capitalized as Deferred development cost
- A used machine with a purchase price of $38,566.00, requiring an overhaul costing $9,277.00, installation costs of $6,653.00, and special acquisition fees of $19,881.00, would have a cost basis of Select the correct answer. $110,188.00 $38,566.00 $47,843.00 $74,377.00Your company has been presented with a decision on replacing a piece of equipment for a new computerized version that promotes efficiency for the upcoming year. As manager you will need to decide whether or not the purchase of the new equipment is a worthwhile investment and to communicate your recommendations to Executive Management for a final decision. To be convincing, sufficient support for your recommendations must be provided in order to be considered valid and accepted. Existing EquipmentOriginal Cost60,000Present Book Value30,000Annual Cash Operating Costs145,000Current Market Value15,000Market Value in Ten Years0Remaining useful Life10 years Replacement EquipmentCost600,000Annual Cash Operating Costs50,000Market Value in Ten Years0Useful Life10 years Other Information Cost of Capital10%Payback requirement6 years In this assignment, use the information above to develop a comprehensive analysis using NPV, Payback Method, and IRR to develop a recommendation on replacing…If corporate headquarters for UPS in Atlanta is considering adding to its 96,000 + fleet of delivery vans, what is year 5’s depreciation expense using MACRS if one van costs $78,500? (Table 17.4 and Table 17.5) (Round your answer to the nearest cent.) ******TABLES ATTACHED*******************
- Please help me fill in the last 6 cells and the last couple of questions if you can, all in bold! Thank you!! UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $70,000 $9,550 $135,000 14,000 shelves 140,000 17,600 135,000 28,000 shelves 280,000 33,700 135,000 35,000 shelves 350,000 41,750 135,000 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places. Cost Fixed Portionof Cost Variable Portionof Cost (per Unit) Lumber 0 10 Utilities 1500 1.15 Depreciation 135000 0 Question Content Area High-Low Biblio Files Company is the chief competitor of Cover-to-Cover Company in…Treasure Land Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $120,000 Cost of testing in search for product alternatives 100,000 Cost of engineering activity required to advance the design of a product to the manufacturing stage 210,000 $430,000 Prepare the necessary 2020 journal entry or entries for Treasure Land.Please refer below for information. Kindly answers all the questions and show complete solution. Pleaseeee i badly need it!! Thank you so much for your kindness!! 1. Oxygen Corporation, a VAT registered Company, purchased equipment with invoice amount of P11,200.Other costs incurred were freight charges of P200, repairs of P350 for damage during installation, and installation costs of P225. What is the cost of the equipment? a. P11,975 b. P10,425 c. P10,775 d. P11,625 2. Jerome Corporation purchased a Xerox and a Printer on January 2, 2016. Both acquisitions were made on deferred payment basis. The Xerox was purchased from Photoshop Corporation by issuing P100,000 non-interest bearing note payable after 3 years. On the other hand, the Printer was purchased from Inkshop Inc. by issuing P80,000 non-interest bearing note payable on four equal installments every December 31 starting on December 31, 2016. Both equipment has no readily market value/cash price value. Jerome’s most recent…