How are profits and losses allocated to LLC members?

Q: GG Merchandise manufactures two products. Product A has 800 units produced, require 200 material…

A: Material handling costs per moves = Total material handling costs / Total no. of moves Material…

Q: AJ Company makes three products. Current selling price per unit, variable cost per unit, and machine…

A: Contribution Margin per unit=Selling Price per unit-Variable cost per unit

Q: On June 3, 2022, CV. Do Fashion consigned 80 clothes, costingRp500,000 each, to PT. Matabulan Tbk.…

A: Consignment means where the goods has been sent to other person called as consignee , to be sold on…

Q: How do you prepare determine the cash generated/used in investing activities and financing…

A: Answer:

Q: D9 An advantage of a cash lease relative to a crop share lease is: The tenant retains more…

A: Cash lease refer to the lease in which the tenant pays fixed dollar amount for the land as rent.…

Q: Identify which taxes apply to the following situations and state whether the tax is direct or…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: XYZ Company's policy for the purchases of any asset over the value of $3,000 requires the purchasing…

A: Solution concept There are various internal control put in place by the organization for prevention…

Q: nse was £4.50 per unit. The company needed to sell 20,000 of stationary to break even. The operating…

A: To calculate the sale volume of the coming year , the sale of current year has to  be calculated.…

Q: On September 1, 2021, Daylight Donuts signed a $254,000, 9%, six-month note payable with the amount…

A: Solution...     Principal amount = $254,000  Rate of interest = 9%  Time period = 6 months

Q: Parther Rober Ives a distribution of partnership property that Iis hot in complete liquidation of…

A: A partnership is a form of business in which two or more people agree to contribute capital and…

Q: The Lucky Ole Sun manufactures dried grapes. The following data are available for the year 2020…

A: In this question, we will find out the value of closing inventory for The Lucky ole Sun using the…

Q: - On the basis of the following data, the general manager of Hawkeye Shoes Inc. decided to…

A: An income statement is one of several financial statements used to evaluate a company's financial…

Q: Required information Use the following information for the Exercises below. (Algo) [The following…

A: The system where standards are prepared which are used to match the actual performances with the…

Q: Required : i Rewrite the trial balance, entering the difference if any to a suspense account a…

A: Ryan Hinds have prepared the trial balance for the year ended 31st Dec 2001. The trial balance is…

Q: A large decrease in end of year grain inventory from one year to the next mistakenly left off of the…

A: Effect of decrease in Closing inventory on net income: Both the income statement and the balance…

Q: AM Express Inc. is considering the purchase of an additional delivery vehicle for $43,000 on January…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Twenty metrics of liquidity solvency and profitability  the comparative financial statements

A: As per protocol allowed to answer first three sub parts and post the remaining in the next…

Q: Delaney Company is considering replacing equipment that originally cost $600,000 and has accumulated…

A: Sunk cost is the cost that has already been incurred and that does not affect the future course of…

Q: What is Michael's adjusted cash balance on Dec 31?

A: Answer: C ) $ 5,325

Q: 1. The person in charge of the finances of the company MGT, S.A. wants to know the company's…

A: Comment-We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Dala e estimated scrap value.

A: Answer

Q: Discuss three general provisions of the Sarbanes-Oxley Act.

A: The Sarbanes-Oxley Act (2002) was enacted in reaction to high-profile corporate accounting fraud…

Q: The chief financial officer of Laurent Ltd has asked you to calculate the taxable income and prepare…

A: Calculation of taxable income Particular Case 1 Case 2 Case 3 Case 4 Pre - tax accounting…

Q: a. How much is the monthly amortization? b. How much is the total interest?

A: Answer:

Q: JUBILEE is a quoted company reporting under IFRSs. During the year end 31 December  2012, the…

A: In this question, we will make : a Statement of Comprehensive Income for the year ending 31 Dec…

Q: n January 1, Lumia Company's liabilities are $66,000 and its equity is $46,000. On January 3, Lumia…

A: The transactions in the business effects two or more accounts at the same time. If one account is…

Q: $12,000 $10,500 Accounts payable. $3,900 Equipment.. Salarles expense Accounts recelvable. V.…

A: Formula: Net income = Total revenues - Total expenses

Q: How can the predetermined factory overhead rate be used in job order cost accounting to assist…

A: Factory overheads refer to the total cost of manufacturing and operating a manufacturing process, is…

Q: As Reported Annual Balance Sheet Report Date Scale 2019 2018 2017 2016 Thousands Thousands Thousands…

A: Formula: Working capital = Current Assets - Current liabilities.

Q: rtance of having a company with good financial situation for the investor?

A: Financial statement consider to be important part are important part for making INVESTORS in making…

Q: What is the purpose of the capital projects fund, debt service fund, and permanent fund. Please…

A: The creation of a fund is mostly done to pool up resources required for a particular purpose. funds…

Q: Brandon Inc. reported the following pre-tax accounting incomes (losses):…

A: The correct answer for the above mentioned question is given in the following steps for you…

Q: Bouquet Co. had a beginning inventory on January 1 of 300 boxes of flowers at a cost of $9 per box.…

A: FIFO method = First in first out method First in = Purchase First out = Sold In FIFO method ,…

Q: Journalize the following merchandise transactions: (If an amount box does not require an entry,…

A: 2/10 net 30 terms means that 2% discount shall be allowed in case payment is made within 10 days.…

Q: Fixed Cost Cost per Car Washed $ 0.70 $ 0.07 $ 0.15 $ 0.20 per Month Cleaning supplies Electricity…

A: A budget is one that adjusts to the degree of activity or volume in a business. A flexible budget,…

Q: Presented below are selected transactions at Ingles Company for 2010. Jan. 1 Retired a piece of…

A: The straight-line method: The straight-line method indicates a technique for determining…

Q: -2 Activity-Bas Cos Reports (LO Kunkel Company makes two products and uses a traditional costing…

A: 1) Number Of Direct Labor Hours =[10000 units *0.20 per unit ]+ [40000 units *0.25 per unit ]…

Q: X Company is considering the purchase of a new machine. The machine would reduce the amount of…

A: Capital budgeting is a set of techniques that are used by companies to determine the profitability…

Q: Partner Walton receives a distribution of partnership property that is in complete liquidation of…

A: In this question, we will explain that which statement is true or false and why it is true or false.

Q: What is the Company's Fixed Overhead Cost per unit? What is the Company's Operating Income…

A: Fixed overhead cost per unit: It is the part of fixed cost allocated to the units while calculating…

Q: What other sources provide resources for capital projects funds?

A: A capital project seems to be a long-term, capital-intensive investing project with the goal of…

Q: The following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K):…

A: Intersegment Sales as a % of Total Sales=Intersegment salesTotal sales×100

Q: Deporte Company produces single-colored T-shirts. Materials for the shirts are dyed inlarge vats.…

A: Calculation of Material Price variance Material price variance = (Standard price per lb. of material…

Q: Balance Est. Percentage Uncollectible Age Interval Not due $63,000 2% 1-30 days past due 7,100 5%…

A: Lets understand the basics. Entity generally calculates the estimated uncollectible amount to make a…

Q: Victoria Company produces two products, X and Y, which account for 60 percent and 40 percent,…

A: The break even sales are calculated as fixed cost divided by contribution margin ratio. Break even…

Q: laces.) Econo-Cool annual cost

A: Net present value  is the difference between the present value of cash inflows that are discounted…

Q: Cash balance per bank $4,500 Outstanding checks $200 Deposits in transit $1,000 Credit memo for…

A: Adjusted cash balance = cash balance as per bank - Outstanding checks + deposits in transit + credit…

Q: On January 1, 2021, the Marjlee Company began construction of an office building to be used as its…

A: Interest Capitalized=Interest on specific construction loan+Interest at Average cost of borrowing

Q: Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Sales Purchases Salaries Motor…

A: Formula: Net income = Total Revenues - Total Expenses

Q: 1. A brand new bulldozer was bought for P 5.50 million with a salvage value of P 500,000 after six…

A: Depreciation can be termed as wear and tear of an asset due to which a portion of cost of the asset…