i want this topic in complete information like what are the types and concept everything
Q: Why is flexible budget variable costs 590,000 x 3?
A: budget prepared by the company in order to estimate the expenses and the income that company is…
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A: Formula: Net pay = Total earnings - Deductions
Q: Question 6 (this question has 2 parts) Gordon Industries Ltd has provided you with the…
A: Ratio analysis is the way of evaluating the financial statements using certain accounting metrics…
Q: Statement I. If the pattern of the repairs cannot be established and the obligation for warranty…
A:
Q: Cash balance per books, September 30 Deposits in transit Notes receivable with interest collected by…
A: Introduction: Bank reconciliation statement: To reconcile the differences between bank book balance…
Q: Statement 1: When an item of asset is transferred to and from the classification investment…
A: Only two of the Statements are true.
Q: Bonneau Corporation declares a cash dividend of $100,000 on July 1 for any shareholder on record on…
A: Lets understand the basics. Journal entry is required to record financial event and transaction that…
Q: Raymond Ryans purchased a 50-year-old flat in Melbourne on 15 September 2010 for $350,000 which he…
A: Capital gain is the gain, which a person can earn on the sale of particular asset or capital asset.…
Q: Explain the methods of estimating bad debts ?
A: Bad Debt: A loan or outstanding sum that is no longer considered collectable and must be wiped off…
Q: On January 1, 2016, Indians Corporation bought a factory equipment for P924,000 salvage value was…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: please can you answer me about the Some business expenses paid $. 1,800 where is go? more explaine…
A: Accounting equation refers to the equation which forms the basis of accounting as used for double…
Q: Spotify Company entered into a 10-year lease of a commercial space on January 1, 2022. Annual lease…
A: Introduction: Lease liability: The lease liability represents the commitment to make monthly lease…
Q: 7 3 9 O 1 2 B 4 5 5 7 B 3 2. The estimated unit costs for CNR Inc., when it is operating at a…
A: Conversion cost refers to all cost required to convert raw materials into finished product.…
Q: In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa…
A: Solution: Under percentage of completion method of revenue recognition for long term construction…
Q: What is the purpose of a bank confirmation and why are bank confirmations an important piece of…
A: The revenue cycle is defined as the accounting process by which a corporation keeps track of the…
Q: What is the financial advantage (disadvantage) of accepting the outside supplier's offer?
A:
Q: n 2021, t
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the…
A: Ledger is the second step of Accounting after Journal. After Journal Entries are posted in…
Q: ABC Co. distributes annual bonus to its sales manager. The company reported 2 million profit for…
A: The net profit after tax is calculated as difference between net income and income tax.
Q: Marigold, Inc., purchased $372,000 of its bonds at 95 on June 30, 2020, and immediately retired…
A: Bond's Payable = $372,000 Discount On Bond's Payable = $372,000 — $360,000 = $12,000 Cash =…
Q: inden Company is a wholesale distributor of premium European chocolates. The company’s balance sheet…
A: Cash budget is prepared to calculate the amount of expected cash balance after considering the…
Q: During 2014, Sigma Company earned service revenues amounting to $720,000, of which $605,000 was…
A: Solution: As per accrual system of accounting, revenue should be recognized when services are…
Q: Watts and Lyon are forming a partnership. Watts invests $40,500 and Lyon invests $49,500. The…
A: The partners working in partnership firm together shares the profits and losses on the basis of…
Q: Raymond Ryans purchased a 50-year-old flat in Melbourne on 15 September 2010 for $350,000 which he…
A: Capital Gain Taxes To determine the Capital gain taxes of taxpayers for the individual to taken up…
Q: The following processing standards have been set for TMT Company's clerical workers: 150 Number of…
A: Variance analysis is the assessment of differences between actual and expected or intended behavior…
Q: At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year…
A: Solution 1 Right to use assets Annual lease payment 28000 *cumulative PV factor for…
Q: sub ontract with Customer A to provide services at $36k for 12 months starting March 022. The entire…
A: Subscription Services : The service provider company provide the services on the product timely as…
Q: The undermentioned errors were discovered in the books of Marco after the Profit and Loss Account…
A: In the context of the given question, we are required to prepare journal entries to rectify their…
Q: Manama Manufacturing has $170,000 to invest in either Project A or Project B. The following data are…
A: Net present value refers to the concept of determining the current total value of expected future…
Q: How much is the gross profit from the sale of the inventory on May 1, 2021?
A: Gross profit = Sales - cost of goods sold Here cost of goods sold means the cost of inventory…
Q: 33. Monker Dining Room Furniture manufactures two models of dining table sets: Traditional brand…
A: Introduction: A budget forecasts destiny's financial savings and expenditures, in addition to sales…
Q: A product is manufactured by passing materials through two processes. Production costs for 2021…
A: Process Costing In the process costing which determine the details of expenses which are incurred in…
Q: What are the common internal controls over cash receipts and cash disbursements?
A: Introduction: Internal control relates to a company's policies and plans, as well as extra efforts…
Q: Maria has commenced a mobile dog washing business, Canine Capers. She has provided you with the…
A: It is said that Maria has started a mobile dog washing business under the name Canine Capers. The…
Q: On September 1, 2021, Fantastic Company leased furniture and fixtures from Gorgeous Company under a…
A: The net income is calculated as difference between revenue and expenses of the current period.
Q: Watts and Lyon are forming a partnership. Watts invests $40,500 and Lyon invests $49,500. The…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: What is the amount of current assets, assuming the accounts Accounts Payable $12,000 Buildings…
A: Introduction: Current Assets: The assets which can be easily converted in to cash with in a year…
Q: O 7. On January 1, 20x1, Diminished Co. paid cash down payment of P400,000 and issued a noninterest…
A: According to the question, we are required to prepare the journal entry and compute the value of the…
Q: How much of the following amounts received in 2021 will be included in the tax return for the year…
A: Only Rental Income Earned in Year 2021 or Received For Year 2021 is included in Tax Return For 2021.…
Q: Megamind Inc. purchases equipment for $250000. They pay $50,000 cash and the supplier finances the…
A: Cash paid = $50,000 Finance portion = $250,000 - 50,000 = $200,000 Interest payment annually =…
Q: Calculate the gross margin (markup rate) for a
A: Gross margin is calculated by deducting the cost of goods sold from the revenues and dividing it by…
Q: A company has two products: A and B. It uses activity-based costing and has prepared the following…
A: Activity-based costing is the method of costing used for the allocation of overhead between two…
Q: uestions below
A: Compound interest is used in case of lump-sum money accumulates in the future if interest is charged…
Q: Colby Corporation has provided the following information: Operating revenues were $212,700.…
A: The income represents the difference between revenues earned and expenses incurred. The net income…
Q: Whispering Winds Corp. started the month of June 2022 with total assets of $215000 and total…
A: Requirement: In the given question it is asked to calculate net income of the whispering Wind Corp.…
Q: In identifying the amount of liability for bonus which is based on profit before bonus but after…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: You organize an 8-hour training for 5 hourly, local employees. The training is led by the manager…
A: Given: - Manager salary=$48,000 Assistant manager salary=$36,000 Training hour= 8 hours Material…
Q: 1. Pepe is a Manager working at Ayala Malls Legazpi for Taxable year 2020. He had the following…
A: In the context of the given question, we are going to compute the final tax to be withheld by the…
Q: GENERAL JOURNAL ENTRIES For each of the following transactions, 1. Invested cash in the business,…
A: The journal entries are prepared to record day to day transactions on regular basis.`
Q: (Ignore income taxes in this problem.) Sam Corporation is investigating automating a process by…
A: The simple rate of return on investment is the amount of return (profit) expected from an…
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- Dicuss what are the effort made by IASB to develop a global conceptual framework for the world practices?What is the purpose of the capability maturity model (CMMI)? Give two instances of Pakistani organizations that have reached the maximum degree of CMMI success.Explain a little, the Implementation process of GIFMIS in Ghana
- Why does Emerging Issues Task Force (EITF) was formed?2. How does global reporting initiative help the organization?Based on this case study, what issues with China-based suppliers require Numi’s managers touse influence and persuasion tactics? (b) How does Numi get suppliers to comply with its policies? Please refer to the case study attached below
- a) According to Kaplan and Norton, what characteristics/features make the balanced scorecard so special for its worldwide adoption? b) Outline the five-pronged strategy crafted by Rockwater in developing the scorecard. c) Using the balanced scorecard (tabular format), translate Rockwater’s strategy into tangible goals and actions. d) Outline the importance of the balance score card to Rockwater’s. e) What factors aided Rockwater in its smooth switch to the balanced Score card? f) How beneficial can the scorecard be to Accra Business School?Every government is expected to perform some key economic roles to ensure sustainable development and improved welfare of the citizenry. Discuss the four key economic functions performed by the government of Ghana indicating how satisfactory or not (with sufficient evidence backing your stand) the current government of Ghana has performed each role.Which of the following is an international organization that develops and encourages the use of sustainability reporting standards? a. Global Reporting Initiative b. Financial Accounting Standards Board (FASB) c. United Nations d. International Accounting Standards Board (IASB)