In December 2000, the Spintex Road in Accra became impassable because the rains washed away the car bridge after a rainstorm. The Department of Urban Roads hired an Accra road construction company to repair the bridge. The work was completed in three months after commencement as agreed between the two parties. Was this a project for the Department of Urban Roads?Was it a project for the road construction company?Was it a project for kwesi the Driver of the road construction company
Q: None
A: The objective of the question is to calculate the maximum amount that Business Solutions could…
Q: nku.3
A: Step 1: Introduction to adjusting entriesAdjusting entries are those journal entries that are passed…
Q: Prepare of Discounted Cash Flow Valation based on the following assumptions: Discount Rate (After…
A: Based on projected future cash flows, an investment's value can be determined using the use of…
Q: Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and…
A: Step 1: Introduction to bonds payableBonds payable refers to a type of long-term debt that a company…
Q: The outstanding capital stock of Pronghorn Corporation consists of 1,900 shares of $100 par value,…
A: analysis how dividends are distributed to preferred and common stock under each condition…
Q: Exercise 12-10A (Algo) Determining cash flows from investing activities LO 12-3 [The following…
A: To compute the amount of cash flow associated with the purchase of machinery, we need to analyze the…
Q: Hiii
A: 2. Cost of Completed and Transferred Units using Weighted Average MethodStep 1: Calculate the…
Q: None
A: The residual income model formula is:P₀ = BV₀ + ∑[(RI_t) / (1 + r)^t]Where:P₀ is the current market…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Detailed explanation:Asset Turnover measures the company's efficiency in using the assets to…
Q: Current Attempt in Progress Sandhill SA's ledger shows the following balances on December 31, 2022.…
A: Case a) Preference shares are cumulative & fully participatingCumulative preference shares are…
Q: Bonds with a face value of $530000 and a quoted price of 96.25 have a selling price of $508933. O…
A: If you have any questions let me know in comment box thankyou for your question.
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: To calculate the estimated total costs for Logan Company next year, we need to consider both the…
Q: Please solve fast and add proper calculation and explanation
A: Calculation of direct labor efficiency variance:Direct Labour Efficiency Variance = (standard hours…
Q: What is the cost of goods manufactured if beginning work in process was $30,000, ending work in…
A:
Q: Sable Kurt and Todd White are forming a partnership to develop a theme park near Bay City, Florida.…
A: Detailed explanation:Journal entry to record receipt of partnership assets and liabilities from…
Q: Hii
A: a. Sales Value at Split-Off (SV@SOP) MethodUnder the sales value at split-off (SV@SOP) method, the…
Q: Given below is the balance sheet for the Bank of New Providence: Assets ($1,000,000s) Liabilities…
A: Step 1: Introduction to Equity Multiplier:The Equity Multiplier (EM) is a financial metric that…
Q: Please help me with all answers I will give upvote thanku
A: Step 1 Statement of Cost of Goods Manufactured for March: Beginning Direct materialsInventory:…
Q: A summary of the transactions of Kent,who is registered for sales tax at 20%,shows the following for…
A: The objective of the question is to calculate the amount Kent owes to the government tax authority…
Q: The following accounts and corresponding balances were drawn from Marinelli Company's Year 2 and…
A: Compute the cash inflows.Accounts Receivable Y1 38,900.00 Sales 755,000.00 Accounts Receivable…
Q: Walmart Stores, Inc. Property and Equipment ($ in millions) Land Buildings and improvements Fixtures…
A: 1. Estimate the average useful life of each firm's long-lived assets as of January 31, 2015:To…
Q: ion) eBook 4 Debit Debit v2.cengagenow.com Drawing Print Item Credit Credit Debit Debit Revenue +…
A: Let's break down each step in detail with relevant examples for better understanding:Step 1:…
Q: K The TechGuide Company produces and sells 7,200 modular computer desks per year at a selling price…
A:
Q: Compute the cash proceeds from bond issues under the following terms. For each case, indicate…
A: Step 1:Computation of the cash proceeds from the issuance of the bonds in each case:CaseFace value…
Q: A 1 Question: Suppose Boyson Inc.'s free cash flow for next year is FCF1 = $150,000, and FCF is…
A: Given, FCF1 = $150000Growth rate = 6.5%WACC=11.5% To find the total corporate value we can use…
Q: The revenue and spending variances are the differences between the flexible budget and the actual…
A: Variations in revenue and spending are important markers for companies to assess their financial…
Q: explain thoroughly why there is no fringe benefit tax expense for the two middle staff or rank and…
A: The objective of the question is to understand why there is no fringe benefit tax expense for the…
Q: QS 10-17 (Algo) Pricing using total cost LO P6 José Ruiz starts a company that makes handcrafted…
A: Step 1: José's planned selling price can be calculated by adding the desired markup to the total…
Q: A firm wishes to maintain an internal growth rate of 9.75 percent and a dividend payout ratio of 43…
A: To find the required total asset turnover (TAT), we will use the internal growth rate formula, which…
Q: A9
A: The objective of this question is to calculate the gross margin or gross profit for Battery Co.…
Q: View Policies Current Attempt in Progress Crane Company issued $920,000, 8-year bonds. It agreed to…
A: Future Value of Annuity = Annual Payment * FV Factor(5%,8 years)Future Value of Annuity =…
Q: 2 10 points & 01:46:23 eBook Hint Bartlett Car Wash Company is considering the purchase of a new…
A: Step 1:1) Accounting rate of return is the Average rate of return on the Investment in a project.…
Q: Required Information [The following Information applies to the questions displayed below.] The…
A: Step 1: Introduction to Trial Balance:A trial balance is a financial statement that lists the ledger…
Q: I nee all solution......A3
A: The objective of the question is to determine the amount of net §1231 gain that is treated as…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Calculation of the net income per unit: Working: Process further: Variable cost = $38 + $7 Variable…
Q: The management of Unter Corporation, an architectural design firm, is considering an investment with…
A: The objective of this question is to calculate the payback period of an investment. The payback…
Q: Appendix: Standard-Costing Method and ... Work in process, beginning 19,300 Started during current…
A: Explanation:The standard costing method provides a structured approach to cost accounting, allowing…
Q: On January 2, 2020, Headland Corporation issued $1,450,000 of 10% bonds at 97 due December 31, 2029.…
A: First, let's try compute the issue price of the bonds redeemed when it was originally issued. That's…
Q: Equipment was purchased for $156,500. Freight charges amounted to $3,500 and there was a cost of…
A: To calculate the depreciation expense using the straight-line method, we first need to determine the…
Q: Provide Correct Answer Please
A: Step 1: Calculate Total Materials UsedFormula:Total Materials Used = Materials Purchased + Beginning…
Q: Let's start with the joint cleaning and separation process, which allows for the cotton seed and the…
A: The objective of this question is to allocate the joint process costs of producing cotton seed and…
Q: Suppose that the profit (in dollars) from the sale of Kisses and Kreams is given by P(x, y) = 10x +…
A: Ans:
Q: Q2: Fill in the missing amounts in each of the four case situations below. Each case is independent…
A:
Q: Information for two alternative projects involving machinery investments follows: Initial investment…
A: The objective of the question is to calculate the Accounting Rate of Return (ARR) for two different…
Q: Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct…
A: Answer - 1Step 1: Computation of the material price and quantity variances:Materials price…
Q: Make a cash flow statement for the year ended 31 December 2015 using the format given.
A: Let's break down each section of the cash flow statement and explain the steps with relevant…
Q: 人 Use the 2020 Federal Tax Rates for Individuals to calculate the estimated taxes for a taxable…
A: The objective of this question is to calculate the estimated taxes for a taxable income of $22,700…
Q: Kyoko is a talented artist who sells hand-crafted goods on her website. Kyoko currently crafts and…
A: Below is the plotted graph of Kyoko's Production Possibilities Frontier (PPF). The blue line with…
Q: The directors also advised the financial accountant to make a provision for: (i) bad and…
A: The objective of the question is to understand how the provisions for bad and doubtful debts and…
Q: 2024-Acctg 101 - Ch 5: Homework Question 9 of 10 < < Current Attempt in Progress Presented below is…
A: Part 2: Explanation:Step 1: Calculate the cost of goods available for sale:Cost of goods available…
Step by step
Solved in 2 steps
- Assume Norton Enterprises hires Concrete Company to pour a new cement driveway for its main office building. Which of the following actions by Concrete Company would most likely create liability for Norton Enterprises? Assume Concrete Company is an independent contractor of Norton Enterprises. Group of answer choices Concrete Company removes materials from another company's driveway after failing to find the correct property line Concrete Company damages a parked car on the street when it unloads heavy equipment to be used on the job Concrete Company accidentally damages the city sewer system when installing the driveway Concrete Company removes materials from another company's driveway after being directed to by NortonYour project team has been tasked to complete a project to build a new bridge to replace an old one on a road at a point that crosses a small river in a rural community. The old bridge to be replaced is on a single access road to the community and was recently damaged by heavy vehicles crossing it for a construction work in the village. The old bridge is still in use but has failed in the mid-section and can collapse in anytime – the project is therefore urgent from a safety point of view. The bridge is used by both vehicles and pedestrians at all times of the year. The community had petitioned the local council for support in replacing the old bridge but the response had been slow. A private company took the initiative and is replacing the bridge at their expense and has hired you and your team to manage the replacement project. Create a time estimate and cost estimate using estimation methods (1 page each inn tabular form).? Please Answer related to this question only. I posted…The city of Papagos, Arizona, had a deteriorating bridge in need of repair on a prominent public roadway. The city posted notices seeking proposals for an artistic bridge design and reconstruction. Davidson Masonry, LLC, which was owned and managed by Carl Davidson and his wife, Marilyn Rowe, decided to submit a bid to create a decorative concrete structure that incorporated artistic metalwork. They contacted Shana Lafayette, a local sculptor who specialized in large-scale metal creations, to help them design the bridge. The city selected their bridge design and awarded them the contract for a commission of $184,000.Davidson Masonry and Lafayette then entered into an agreement to work together on the bridge project. Davidson Masonry agreed to install and pay for concrete and structural work, and Lafayette agreed to install the metalwork at her expense. They agreed that overall profits would be split, with 25 percent going to Lafayette and 75 percent going to Davidson Masonry.…
- 1. In November of the current year, an automobile manufacturing company recalled all pickup trucks manufactured during the past two years. A flaw in the battery cable was discovered and the recall provides for replacement of the defective cables. The estimated cost of this recall is $3.7 million. 2. The EPA has notified a company of violations of environmental laws relating to hazardous waste. These actions seek cleanup costs penalties, and damages to property. The company is reasonably certain there will be cost associated with the cleanup, but cannot estimate the amount. The cleanup cost could be as high as $4,170,000 or as little as $670,000 and insurance could reimburse all o part of the cost. There is no way to more accurately estimate the cost to the company at this time. 3. Holland Company does not carry property damage insurance because of the cost. The company has suffered substantial losses each of the past three years. However, it has had no losses for the current year.…Russell Forest Products Limited needed to upgrade a burner at its sawmill in Cochrane, Ontario, to comply with the new air pollution standards. The new burner, which is used to burn the scrap wood from its sawing operations, will not only reduce the amount of pollution, but will supply heat for the plant facility, including the wood dryer. In order to encourage Russell Forest Products Limited in its compliance with the stan- dards, the Province of Ontario extended an interest-free loan of $400,000 on December 31, 2011. The only conditions in obtaining the interest-free loan are that the loan proceeds be applied directly to the construction costs and that the loan be repaid in full on December 31, 2019. RussellForest Products Limited borrowed the remaining funds from the bank for the construction of the burner and will be paying interest at the rate of 7% per year. Instructions (a) Discuss the issues related to obtaining the interest-free loan from the Province of Ontario. (b)…The following items pertain to possible provisions: a. A company uses a part manufactured in Germany in its automobile manufacturing plant. There has been a concern about the failure of this part in cars manufactured in Germany. No failures have occurred to date in Canada. The company decided to do a voluntary recall of all cars manufactured with this part. The recall is 40% complete and has cost $1,250,000 to date. b. A company self-insures for floods. That is, it pays no insurance but is liable to replace assets lost through flood damage. No losses have been incurred this year, but there have been $225,000 of losses in most other years, and the company is concerned that there might well be $450,000 of losses next year, evening out the pattern. c. A company offers a three-year guarantee over parts and labour for products sold to ensure that parts work as expected. There were no payments this year, and only 5% of products sold this year are expected to need repairs in the next year.…
- When Hurricane Katrina struck New Orleans, there was a significant loss of aquarium fish at the Audubon Aquarium of the Americas. FEMA originallystated that the aquarium needed to buy the fish from commercial vendors, a method the agency said would cost $616,849 but would comply with disaster aid laws. FEMA later reversed their decision and allowed the aquarium staff to catch the fish themselves at a total cost of $99,766. If it is assumed that the aquarium staff spent the $99,766 equally over a 12-month period of time, what rate of return per month did their effort represent? Assume FEMA would have given the aquarium the $616,849 at the end of month 12.Cramer subcontracted to Williams the furnishing and installation of all equipment for a large pumping station. The operation of the pumps, said the original contract, was to be guaranteed for one year. When the plant started to operate, certain defects in the pumps were discovered. To whom will the owner look for remedy - the contractor or the subcontractor? Why?RCSB’s chalets are located in remote area in Redang Beach. As advised by the local Water Council, 10 water pumps were installed at the area on 1 January 2017 to draw fresh water from dig well. Each pump cost RCSB RM3,000 with an estimated useful life of 5 years. 6 months after, 4 of the water pumps were damaged during hailstorms. RCSB has not decided whether they want to sell the water pump as scrap or repair the pumps. The scrap value of each pump as at 31 December 2017 is RM500. Based on the relevant approved accounting standards , journalize each of the transactions that affect RCSB’s financial records for the year ended 31 December 2016 and 31 December 2017.
- The Stone River Textile Mill was inspected by OSHA and found to be in violation of a number of safety regulations. The OSHA inspectors ordered the mill to alter some existing machinery to make it safer (e.g., add some safety guards); purchase some new machinery to replace older, dangerous machinery; and relocate some machinery to make safer passages and unobstructed entrances and exits. OSHA gave the mill only 35 weeks to make the changes; if the changes were not made by then, the mill would be fined $300,000. The mill determined the activities that would have to be completed and then estimated the indicated activity times, as shown in the table below. Activity Description Immediate Predecessor(s) Time Estimates (Weeks) Optimistic Most Likely Pessimistic a m b A Order new machinery --- 1 2 3 B Plan new physical plant --- 2 5 8 C Determine safety changes in existing machinery --- 1 3 5 D Receive equipment A 4 10 25 E Hire new employees A 3 7 12 F Make plant…residential client hired a general contractor (GC) to construct a major $3 million executive home. The client contracted separately with a reputable architect for the design. After the permit was obtained, the architect’s contract was closed out. During the course of construction, the owner and the city had requested several changes, but none of them were formalized into the contract. Many of these were additive but some were also deductive changes. Many of the changes were due to building code changes. Because the general contractor understood this to be a time and materials (T&M) project, they had not felt it was necessary to submit change orders against a “budgeted” amount. The GC had previously invoiced and received 67% of the original budget, or $2 million, from the owner. These invoices were all reviewed and approved by the lender. At approximately 90% completion, the GC invoiced the owner for the full 100% amount of the original $3 million estimate. When pressed, the GC…QUESTION Furnaces Pty Ltd was advised by a local building inspector that one of the chimneys on its premiseswas unsafe and, unless it was repaired, the factory would have to be closed. Furnaces decided thatit was not feasible to stop operations to repair the chimney, so they gained permission to build analternative chimney adjacent to the old chimney, thereby allowing production to continue. They foundthat although the new chimney was substantially the same size and make as the old one, it wascheaper to build than it would have been to repair the old one. Also, the new chimney can betterventilate the weather, which was not available in the previous one. After the new chimney waserected, the old chimney was demolished.Is any amount allowable as a deduction for the cost of the new chimney?