Is issuing equity or debt preferable in the current business climate? Why?

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A: Answer 1. Units in hand under FIFO method Units in hand = Units at the begining + purchases +…

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A: Purchase cost refers to the sum value of money involved in buying a  product or a service including…

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A: Option C) $4373

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Q: sales Sales 100% Variable costs 33,000 Company A Amount P110,000 30% 66.000 30,000 % of sales P…

A: Operating Leverage :— It is calculated by dividing contribution margin by net operating income.…

Q: how would management know if the calculations were entered incorrectly in any kind of reporting?

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A: Associative forecasting refers to predicting the future figures using past figures

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Q: .During the first month of operations ended January 31, Wardner Apparel produced 80,000 designer…

A: Introduction: The income statement summarises the financial outcomes of a company's operations…

Q: What is the main criticism of LIFO?

A: LIFO (Last-in first-out) is an inventory valuation method which states that the inventory that…

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A: Note: We are authorized to answer three subparts at a time, since you have not mentioned which part…

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Q: LO 2 E7.11 For each of the following situations, prepare the adjusting entry for the month ended May…

A: Adjusting entries are used to adapt cash transactions to the system of accrual accounting. Accrual…

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A: Part a: Common stock=Number of issued shares×Par value of the stock=542 shares×$0.0375 per share=$20…

Q: Question 4 Ignore VAT Assume a fair interest rate of 13% EMT Ltd (EMT) is a company which operates…

A: Journal Entry: Journal entries describe how transactions influence accounts and balances and serve…

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Q: 4. Compute gross profit earned by the company for each of the four costing methods. For specific…

A: FIFO: Sales = 360 units × $ 88 (+) 230 units× $98            =$54,220 (-)cost of goods sold…

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Q: [The following information applies to the questions displayed below.] Valley Company's adjusted…

A: Working notes: 1. Income Summary = $280,440 (sales) -$249,355  ( all Debit balances) = $31,085

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Q: Ralph Collins founded Collins Consignment Sales Company and the company was operated from his home.…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Mary Patricia's capital statement reveals that her drawings during the year were $50600. She made an…

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Q: What is the answer to part b? Is it -1245? Is the sign negative or positive?

A: The inventory valuation includes two methods named as FIFO (First in First Out) and LIFO (Last in…

Q: During 2018, LeBron Corporation accepts the following notes receivable. a. On April 1, LeBron…

A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

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Q: Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for…

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Q: Distinguish between the general audit objectives and management assertions. Why are the general…

A: Auditing: Auditing is the process by which assertions made by management about financial…