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Q: please answer number 5 only Cash $3,090 Account Receivable 9,900 Alowance for Doubtfull Acco...
A: SOLUTION- JOURNAL ENTRY USED TO RECORD A BUSINESS TRANSACTION IN THE ACCOUNTING RECORDS OF A BUSI...
Q: Surat Limited paid cash to acquire an aircraft on January 1, 2020, at a cost of 30,000,000 rupees. T...
A:
Q: Issuing Stock Willow Creek Nursery, with an authorization of 75,000 shares of preferred stock and 20...
A: Journal is the initial step in recording the financial transaction, date wise as per the dual entity...
Q: 4. A usually effective way of forecasting sales is to rely entirely on the predictions of the indivi...
A: Budgeting involves estimation of revenues and expenses of an entity over a specific period of time.
Q: 2 Charlie's Construction Company is a growing construction business that has a few contracts to buil...
A: A financial ratio that estimates a company's leverage is referred to as a "debt ratio." The decimal ...
Q: wnat amount snouIu De Tecoiueu as maLTiciy respectively? Complete the schedule provided b Sum of the...
A: Depreciable base = Cost - Salvage value =$3,300,000-$300,000 =$3,000,000 Sum of the years digit frac...
Q: Organisation Annual Profit $Valuation $ Staff Morgan Ltd 20,000 25,000 10 Harveys Ltd 30,000 30,000 ...
A: Annual Profit of Harveys Ltd. From 20 staff $30,000 As profit of each member of staff remained con...
Q: Since Goode Oil Company was formed in 2018, it has used the full-cost method for financial reporting...
A: 1 Journal entry Dr Cr Retained earnings 875875 ...
Q: 2. Big Splash Enterprise pays rental for office by cheque quarterly in advance. The followings are t...
A: A cheque is a medium of transaction or we say physical proof to transfer currency from bank to bank ...
Q: Suppose sales volume increase by the same percentage for Company X and Company Y. Use CVP analysis ...
A: Cost volume profit (CVP) analysis is the one which is helpful in analyzing the costs and profits of ...
Q: TRUE OR FALSE 12. If actual results are different from planned results by a large amount, the diffe...
A: Introduction:- Budgetary control is a technique, whereby actual results are compared with budgets in...
Q: Star Videos, Incorporated, produces short musical videos for sale to retail outlets. The company’s b...
A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...
Q: net income
A: If no additions or withdrawals are made, the increase in the capital balance is due to net income.
Q: Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a peri...
A:
Q: The Sunshine Corporation manufactures cellular modems. It manufactures its own cellular modem circui...
A: For the manufacturing vs procurement decisions, we need to do an incremental cost-benefit analysis.
Q: 3-21A. (Learning Objective 3: Adjust the accounts) Jenkins Rentals Company faced the following situa...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: In 2019, Hesin Corporation reported net income of 1,000,000,It declared and paid preferred stock div...
A: Earnings Per Share: =[Net Income - Preferred Dividends] / Number of common shares outstanding
Q: Please answer in good accounting form. Thankyou SAPPHIRE CO. charges new franchisees an initial ...
A: Franchising seems to be a method of selling or delivering products or services. There is an increasi...
Q: Two items are omitted from each of the following three lists of cost of goods manufactured statement...
A: Formula: Total Manufacturing costs = Beginning Work in process + Total manufacturing costs incurred ...
Q: Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophon...
A: Fixed manufacturing overhead per unit = fixed manufacturing overhead / units produced = 790000/12000...
Q: Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference s...
A: Preference shares (40,000 x P50) = P2,000,000 Ordinary shares (50,000 x P100) = P5,000,000
Q: J. Oros showed a net income of $6,500. The entry to close the Income Summary account would include a...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: 1. Find the yield factor if a 160-room hotel has its rooms priced at $95 but they usually sell for $...
A: The yeild factor will be calculated with the help of following formula Yeild Factor = Price Charge...
Q: How much is the interest expense for the year 2021? * For numbers 3 to 5, please refer to the follow...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: The Resty Company issued 200,000 new P1 ordinary shares at a fair value of P1.80 each. Resty identif...
A: Total expense net of tax = ( professional fees + internal management time in managing the process) x...
Q: On October 31, 2022, ABC Inc. declared a building held as owner-occupied property with an original l...
A: Solution: Fair market value of property on the date of declaration = P900,000 Cost of acquisition = ...
Q: At a recent boat show, Nautica Bank was offering add-on interest installment boat loans for up to 5 ...
A: Cost of Boat 95000 Down Payment (95000*20%) 19000 Loan Amount (95000-19000) 76000 Interest 16...
Q: On September 1, Blue Office Supply had an inventory of 35 calculators at a cost of $14 each. The com...
A: Perpetual Inventory system- Inventory quantity updated perpetually on an ongoing basis, usually real...
Q: 0 authorized, 40,000 shares issued Ordinary shares, P100 par, 200,000 authorized, 50,000 shares iss...
A: The cash and other assets that shareholders have provided a corporation in return for stock are refe...
Q: An employer in the U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prio...
A: FUTA rate for 2021 is 6%
Q: Particulars Debit (RM) Credit (RM) Sales 265,900 Purchases 154,870 Rent 4,200 Lighting and heating e...
A: The financial statements are prepared at the end of the accounting period. It includes an income sta...
Q: Duncan Manufacturing Inc. has $210,000 of 6% debenture bonds outstanding. The bonds were issued at 1...
A: Answer to Requirement 1: Face Value of Bonds = $210,000 Issue Value of Bonds = 111% * Face Value of ...
Q: Your answer is partially correct. The fair value of the equipment at December 31, 2021, is $5,763,00...
A:
Q: Speedy Auto Repairs uses a job-order costing system. The company’s direct materials consist of repla...
A: calculations for all requirement are as follows.
Q: Presented below is information related to equipment owned by Sunland Company at December 31, 2020. C...
A: Date Account titles and explanation Debit Credit Dec.31 Loss on impairment $3,616,000 .Accum...
Q: Medtronic Inc. has an opportunity to supply medical devices to Memorial Hermann, a private hospital ...
A: 1) Figures in millions Year 0 1 2 3 4 5 Skanska payments 4 3.2 7 5.5 Loan s...
Q: At the beginning of current year, Oro Company announced a decision to close a factory located in Min...
A: Termination benefits are compensation paid by the company to employees on cessation of employment wi...
Q: 0,000 was paid. Of th istrative salaries. Payrol es, P7,000 for SSS
A: All amounts are in (P).
Q: In the net present method future, cash flows are discounted to their present value a)TRUE b) FALSE
A: Under net present value method all future cash flows are discounted to their present value .
Q: Ball Company issued 50,000 shares of its P100 par ordinary and 80,000 shares of its P50 convertible ...
A: The share premium is the excess amount received on issuance of shares as compared to par value.
Q: PLEASE ANSWER ALL TRUE OR FALSE 18. The basic idea behind responsibility accounting is that each m...
A: The basic idea behind responsibility accounting is that each manager's performance should be judged ...
Q: 6) Using activity-based costing method, how much is the cost driver rates for shipping? 7) Using act...
A: ABC costing is allocating the overhead cost based on the activity used in manufacturing products. It...
Q: The Seattle Corporation manufactures filing cabinets in two operations: mach |(Click the icon to vie...
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: The following three identical units of Item Beta are purchased during June: Item Beta Units Cost Jun...
A: Inventory is the current asset reported in the balance sheet of the company.
Q: nt Accountant and Business decision makers can encounter while making decisions for their organizati...
A: Making decisions between various courses of action—which might include inaction—is referred to as de...
Q: Forgiven and Free, Inc. is engaged in manufacturing of Product Save and employed and efficient cost ...
A: The cost of job sold do not include the cost of work in process or ending finished jobs which are un...
Q: Prepare a sales budget. b. Prepare a production budget. For those boxes in which you must enter...
A: The production budget determines the number of units required to be produced. It includes the estima...
Q: Presented below is information related to equipment owned by Sunland Company at December 31, 2020. C...
A: Recovery of impairment loss = Fair value on December 31, 2021 - Fair value on December 31, 2020 = $5...
Q: Emily Valley is a licensed dentist. During the fi rst month of the operation of her business, the f...
A: Journal entries are the foremost reporting of transactions in the books. After that these are posted...
Q: If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bu...
A: Depreciation is a reduction in value of asset due to wear and tear, technological advancement and ot...
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- Please included how we can help you provide financial relief and help you continue your educationDiscuss how ross's condition be made better off without harming rosaPlease add a source to the question. If you do want to elect COBRA coverage, what are some important considerations to make sure your health insurance coverage is not interrupted?
- You may have heard that Social Security is in danger of failing. Why? Is the sky falling? What might be done to correct the situation? Use some of the things that you have learned in this chapter to come up with some Ideas to fix Social Security.How can you encourage people to join health insurance scheme?Use the typical personal financial life cycle to present the; situation, financial needs and an example of a health/insurance products from the Zambia market most suitable needs for each of the presented life cycle stages.
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