How to calculate selling price, markups, markdown, stockturn rate, and return on investment.

Q: in process of Faithful Corporation on July 1, 2022 (per general ledger) is P23,900. Job 102 P 8,000 ...

A: Total cost of goods manufactured for Job 101 and Job 103 = Total cost of Job 101 + Total cost of Job...

Q: Accounting for Assets: Receivables piscUss Slow Running Shoes uses the Aging of receivables method t...

A: Allowance Method - Entry for allowance method - Debit Uncollectible Accounts Credit Accounts Receiva...

Q: Monty Corporation had the following activities in 2020. 1.   Sale of land $194,000   4.   Purchas...

A:   Monty Corporation Cash Flow Statement (Partial) For the year ended December 31, 2020 Cash...

Q: In 2020, Flounder Corporation had net cash provided by operating activities of $505,000, net cash us...

A: Opening cash balance (OB) = $325,000 Change in cash balance due to operating activity (OA) = $505,00...

Q: Darlene, Inc. manufactures item "B500" per the design and specification of its customers, and accord...

A: Billing price = Total costs incurred + (Total costs incurred  x markup %) Factory overhead applied =...

Q: Jolly Company uses the FIFO method in its process costing system. Beginning inventory in the mixing ...

A: GIVEN    Beginning inventory in the mixing processing centre consisted of 4,000 units, 75% complete ...

Q: On January 15, Nifty Company sells merchandise on account to Martinez Associates for $5,000 with ter...

A: COncept -  The term 3/10, n/30 Indicates that,  If the payment is made within 10days then the custom...

Q: Q1)Fuzzy Monkey Technologies purchased as a long-term investment $80 million of 8% quoted bonds, dat...

A: Given information, Investment in bond=$80 million Cash paid=$66 million     1.Journal entry to recor...

Q: Before the allocation of loss, the following items are allocated first, except: A. Salaries to manag...

A: "Since you have asked multiple questions, we will solve first question for you. If you want any spec...

Q: a. The bank statement balance is $7,650. b. The cash account balance is $6,422 c. Outstanding checks...

A: Bank Reconciliation Statement is an Statement that is used to adjust the difference of the balance b...

Q: JUST Corporation provided the following information: 1) 9% 30million bonds outstanding with 100 par ...

A: Initial Cash outlay of replacing old bonds with new bonds, will be the cost of new bonds, increased ...

Q: Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow · 20Y...

A: Assets turnover ratio = Sales / Average Assets where, Average Assets = (Beginning assets + ending as...

Q: On January 1,2020, an entity granted 50 share appreciation rights to each of its 200 employees on co...

A: Meaning: The compensation costs are the expenditures an employer has to pay in benefits to an employ...

Q: The following units of a particular item were available for sale during the calendar year: Jan. 1 In...

A:

Q: A , B and C bind themselves to pay D P30,000. Only A received the money as per agreement between A, ...

A: Contract refers to those legally enforceable obligations in which two or more parties either individ...

Q: Ace Bhd’s capital structure consists of 200,000,000 ordinary shares in issue throughout the 2021 fin...

A: The question is based on the concept of Financial Accounting.

Q: Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/...

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: The following cost data are available for Honesty Co. for its first month of operations:            ...

A: Prime cost means the addition of direct material and direct labor and other direct expenses. Manufac...

Q: The Payback Period (assume the operating cashflows are spread evenly over each year) The Accounting ...

A: Calculation of Payback Period                   Year Annual Cash Flow Cumulative Cash Flow   1...

Q: Share options granted by a corporation are recorded as expense on the number of options that   a  ar...

A: Solution Note : dear student as per the Q&A guideline we are required to answer the first questi...

Q: Elegant Co. was organized on Jan. 1, 2022. On that date, it issued 1,000,000 shares of P1.00 par val...

A: Delinquent  Shares:  Stock  will become  delinquent shares  if there is a failure by the holder to p...

Q: A medium-sized manufacturing firm seeks to expand its operation in Mindanao. With a loan amounting t...

A: Amortization is the average amount that would be paid off in a loan arrangement over the period of t...

Q: At January 1, 2020, Teal Inc. had accounts receivable of $73,000. At December 31, 2020, accounts rec...

A: January 1, 2020 accounts receivable = $73,000 December 31, 2020 accounts receivable = $54,000 Sales ...

Q: Answer with example

A: CVP analysis is a relationship between Cost Volume and Profit. This relationship shows the relations...

Q: Which of the following options regarding income earned will not be classified as revenue? Select on...

A: Lets understand the meaning of revenue and gain. Revenue is a income generated from the normal busin...

Q: Butane Company made the following payments to Mr. Paul Kim , CEO during the current year: Annual Sal...

A: The key management personnel (KMP) comprises of whole-time director, manager, chief executive office...

Q: What other factors should a management accountant take into consideration when setting direct materi...

A:   Factors that should be considered   Standards must be set both in Physical and Monetary Terms   i...

Q: Give any three types of examples in each of operating activities, financing activities and investing...

A: Cash Flow from Operating Activities: Cash flow from operating activities includes items of Cash infl...

Q: The Baldwin Company, originally established 16 years ago to make footballs, is now a leading produce...

A: Income statement: It is a financial statement that calculates the net income generated by a company ...

Q: due on a loan of $600 at 15.75% interest after 21 m

A: Given  Principal Amount = $ 600 Period = 21 Months Interest Rate = 15.75% pa or 1.31% pm FV= Princip...

Q: Bradford Company uses a job-order costing system and has two manufacturing  departments: Molding and...

A: Answer -  a) Plantwide predetermine overhead rate = (15000*4.5 + 29000*4.5 + 700000)/44000 = 20.41 p...

Q: acos and Joseph are partners with capital balances of P1,600,000 and P2,400,000 respectively. They s...

A: LET'S UNDERSTAND THE BASICS Partnership is the the agreement between two or more partner to manage a...

Q: Why is it needed to reclassify financial asset when changing business model?

A: The question is related IFRS-9 "Financial Instruments". As per IFRS 9, reclassification is allowed o...

Q: Which of the following froms of new partner admission will nt result in a change in the partnership ...

A: Admission of New Partner If new partner are admitted into the business which can be opted for bring ...

Q: Cost of long-term asset = $50,000 Accumulated Depreciation = $25,000 Sales price of L-T asset = $30,...

A: Formula: Gain on sale of Asset = Sale price - net book value of Asset 

Q: Ryan Roque Steel Company manufactures steel products. During the current period, an order for 30,000...

A: As we know that Spoilage consist of goods damaged beyond rectification. While defectives consist of ...

Q: If you invest $2000 at 12% annual interest rate, compounded weekly, how much would you have after 5 ...

A: The formula to be used is future value of a single payment

Q: Instructions: Identify each of the following accounts as an asset, Liability or Equity. DESCRIPTION ...

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net...

Q: Miracles Manufacturing Co. manufactures a lifting equipment. One order from Heaven Company for 3,000...

A: Generally there will be some portion of defective units in regular production. These defective units...

Q: Using the attached information, the simple journal entries to record the partners’ contributions i

A:                        Working Notes :-                                       The partners agreed to...

Q: The normal capacity of the Cutting Department is 12,000 machine hours per month. At normal capacity...

A: The question is based on the concept of Cost Accounting. The difference between the actual amount of...

Q: LABAN Company provided the following shareholders’ equity on December 31, 2020: Preference share cap...

A: Solution Working note  Dividend get accumulated = (1000000*12%*2year) = 240000 / 10000 shares = P24 ...

Q: Nright Company's cash account shows a $31,300 debit balance and its bank statement shows $29,600 on ...

A: Bank reconciliation is prepared in order to reconcile the bank balance and the company book balance....

Q: An Individual nold the folowing annnta thin year. Sala price Cost Solling cont Painting. .$2,000 $ 3...

A: Answer Capital gain:- Profit realised on the sale of long-term asset that has increase in value dur...

Q: 8.Determine when each of the following must deposit its Form 941 tax liabilities. Quikstep, a month...

A: 1.Quikstep, a monthly depositor, pays employees on Friday. Its 941 tax liability for the April 17, 2...

Q: What total amount should be recognized in profit or loss of Sushi Inc. for the year ended December 3...

A: Adjusting events are those events that arise after the end of reporting period but the conditions fo...

Q: tegrity Manufacturing Company makes three products that can either be sold or processed further and ...

A: Solution Given Total joint cost =240000 Allocation method           =weight basis Working note Calcu...

Q: Fountain Corp. has a selling price of $14 per unit and variable costs of $9.80 per unit. When 18,000...

A: The margin of safety is additional sales above the break even sales level

Q: uestion: Determine the total service department costs (S1 + S2) allocated

A: Solution Given Total cost for two service departments =150000 Method used    =direct method Allocati...

Q: The following selected transactions are from Garcia Company. Year 1 Dec. 16 Accepted a $20,400, 60-d...

A: General Journl Date General Journal Debit Credit Year 1       Dec 16 Note receivable - Rita G...

Portfolio Management

Portfolio management is the process by which an investor decides that how the person will invest in a variety of assets in order to get a desired return in the future. A portfolio means a pool of assets that includes securities, bonds, and other investment instruments which helps in risk minimization of the money that has been invested. In other words, it can be said that a portfolio means a combination of assets in which an investor decides to invest their money in order to get a lump sum return in the future or even a series of cash flow that the person is expecting at the end of their job life.