identify fi nancial reporting choices and biases that aff ect the quality and comparabilityof companies’ fi nancial statements, and explain how such biases may aff ect fi nancialdecisions;

Q: Activity Levels and Cost Drivers Steve’s Slop Shop, a small hamburger shop, has identified theresour...

A: Cost driver: A cost driver activates an alteration in the cost of an activity. The concept is usuall...

Q: During 2009, Argo Company sold 10 acres of prime commercial zoned land to a builder for $5,000,000. ...

A: The installment method apportions the cash receipt between cost recovered and profit using the ratio...

Q: Relative to the gross margins the subsidiaries report in local currency, Romulus’s consolidated gros...

A: A firm's gross margin is net revenue turnover less product sold expense (COGS). In other terms, afte...

Q: What is the present value of end-of-year cash flows of $1,000 per year, with the first cashflow rece...

A:

Q: WebSmart is a relatively new Internet company that sells educational products on the web. The firm f...

A: Price to Sales multiple can be used for valuation of a startup company with growing sales revenues, ...

Q: distinguish between current and non-current assets, and current and non-current liabilitie

A: Any asset which is convertible in terms of cash within a time duration of one year is a current asse...

Q: Expenses on the income statement may be grouped by: A . nature, but not by function.

A: There are many ways in which income statement may be grouped. An income statement by nature is the o...

Q: When, at the end of an accounting period, cash has been paid with respect to an expense, the busines...

A: When an expense is incurred and cash has not been paid ,expenses are increased and liability also in...

Q: Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor. Dur...

A: Initial Amount Invested = $ 9000  First year downfall in Invested amount = $ 9000 * 40% = $ 3600 Inv...

Q: answer and discuss pls

A:  Monthly Amortization Payment = [P x R x (1+R)^N]/[(1+R)^N-1] where P = Amount of loan i.e 25000 * 2...

Q: If the outcome of a long-term contract can be measured reliably, the preferred accounting method und...

A: The percentage of completion method is an accounting technique in which long-term deed income and ex...

Q: Q) Why are social discount rates lower and social time horizons longer than any rate for an individu...

A: The social discount rate means the rate which is used to find out the amount of funds spent on socia...

Q: Jacob has 5000 dollars and wants to earn 6500 dollars from the bank. If the bank gives a compound in...

A: It will take 6.69 years for Jacob to reach 6500 dollars     

Q: You are selling your house. The Smiths have offered you $200,000. They will pay youimmediately. The ...

A: Formulas: Present value = Amount / (1+rate)^years

Q: Examine the key reasons why a business may not want to hold too much or too little working capital. ...

A: The key reasons why a business wants to hold efficient working capital is discussed below: Transacti...

Q: International fi nancial reporting standards are currently developed by which entity? C . Th e Inter...

A: International Financail Reporting standards, Most commonly Known As IFRS. are group of International...

Q: Explain what is meant by maintaining financial flexibility.

A: Companies generally do plan for the cash needs and follow as per the budgets and plans to run the op...

Q: XYZ, Co. has conducted extensive market analysis on a market expansion at the cost of $2 million.  I...

A: Cash flow is defined as the statement which is prepared by the management in order to identify and a...

Q: When comparing fi nancial statements prepared under IFRS with those prepared underUS GAAP, analysts ...

A: IFRS and US GAAP follows similar accounting policies when it comes to realized losses and unrealized...

Q: a. “A robust financial market is one of the pillars of stable economic growth and securedfinancial s...

A: a) Financial market is a market or an arrangement which facilitates the exchange of financial instru...

Q: Understand and be able to use SI units and the standard prefixes for powers of 10 How many dollars p...

A: Number of millisecond per year  = 31536 × 106 ms Amount of deficit =  $ 1011     

Q: Explain the strategic role of cost estimation.

A: Cost estimation: Cost estimation is a technique that assist the management for taking strategic deci...

Q: During this COVID‐19 pandemic, the South African Reserve Bank (SARB) plays acrucial role in maintain...

A: The South African Reserve Bank is the central bank of the Republic of South Africa. The primary purp...

Q: A company incurs a capital expenditure that may be amortized over fi ve years for accounting purpose...

A: DTL is created when a company pays lower taxes for the current financial year but these taxes will b...

Q: Write simple R code, calculate the interest earned on an investment of $2000, interest rate of 3%, c...

A: Given Information: Interest rate is 3% Investment amount is $2,000 Number of compounding period is 3...

Q: Apex Consignment sells items over the internet for individuals on a consignment basis. Apex receives...

A: Introduction: Given information: Total sales price of items sold on consignment is 2,000,000 euros, ...

Q: Define Working capital

A: A company’s liquidity and operation efficiency will be measured by working capital. Short-term finan...

Q: Word limit: 100 words for each question!1. Define agency relationship, agency problem, and describe ...

A: Since more than one question is posted at a time, answer for first question is only provided here. P...

Q: The Potential for Multiple IRRs A proposed investment has the following projected after-taxcash flow...

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

Q: Year       market   blandy   gourmange 1            30%        20%          47%       2            7...

A: Note: "In order to get an average return of 6.4% of Blandy stock, the return of Blandy for year 1 sh...

Q: Like many technology companies, TechnoTools operates in an environment of decliningprices. Its repor...

A: The last in, first-out (LIFO) is a system utilized to store reports of the latest items first delive...

Q: 4. Budget at completion (BAC) Assessment date Expenditures Planned value (PV) Earned value (EV) - Ac...

A:  a) As shown in the diagram actual cost is less than earned value therefore cost variance is positi...

Q: What are the advantages of using the NPV method of assessing capital budgeting projects over the Pay...

A: Capital budgeting analysis is useful to know which projects are profitable and which are not. There ...

Q: Define Derivatives

A: There are various derivative products that are traded in the capital market such as future contracts...

Q: explain why some financial institutions prefer to provide credit in financial institutions outside t...

A: Introduction: A financial institution is an entity or organisation that allows financial markets to ...

Q: Compared to using the FIFO method to account for inventory, during periods of risingprices, a compan...

A: USING OF LIFO METHOD

Q: Given the following information about Sandhill Sporting Goods, Inc., construct a balance sheet for J...

A: Sandhill Sporting Goods, Inc., Balance sheet on June 30, 2017 Assets Amount  Liabilities Amount ...

Q: Difference between the tax treatment of the purchase of a capital asset, such as a machine vs the ta...

A: There are various types of expenses which is incurred by the businessman in order to conduct it busi...

Q: Can the Broader Diversification Increase Expected Return?

A: The concept of portfolio diversification is nothing but including unrelated assets in the investment...

Q: Given the following income statements and Balance sheet, find the following financial ratios Income ...

A: Financial ratios are computed for the evaluation of the entity’s financial condition.

Q: Th e most stringent test of a company’s liquidity is its:B . quick ratio

A: Introduction: Liquidity is a calculation of how easily a business can transform its liquid assets in...

Q: explain motivations for leasing assets instead of purchasing them;

A: Introduction: Leasing is a mechanism by which the company may receive some capital assets for use, t...