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Q: .On January 1, 2020, Dan Company purchased a new machine for P4,000,000. The new machine has an esti...
A:
Q: Question No. 1-2 The estimated costs of producing 6,000 units of a component are: Per Unit Direct Ma...
A: Variable factory overhead refers to those expenses which are involved in the production of goods and...
Q: Assuming that net purchases cost R250 000 during the year. The closing inventory was of R4 000, and ...
A: Answer purchases cost = R250 000 closing inventory = R4 000 Opening inventory = R30,000
Q: On December 30, 2006, Gannett purchases a general liability insurance agreementfor the period of Jan...
A: Prepaid expenses refer to those expenses which are paid in advance. It is recorded as an asset at in...
Q: The following information has been taken from the Visic company’s production, sales & costre...
A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be so...
Q: Below are details of the four products made by Krane Ltd.A B C DSelling price per unit 60 80 100 120...
A: Contribution Margin per Time required can be calculated to find out the product which can be restric...
Q: A firm bought a machine for P56, 000. Other expenses including installation amounted to P4, 000. The...
A: Depreciation is computed to allocate the total cost of the tangible fixed asset over its estimated u...
Q: In business, a budget is a method for putting a limit on spending. Select one: True False
A: Budget is pre determined estimation of sales, production, material usage etc. It is a limit or a ben...
Q: 26. Butterfly Limited has finalised its budget for 20X8 and sales are anticipated to be £243,600 in ...
A: This question is related to the cash budget. In this question, we have to show the concept of all th...
Q: question and multiple options are attached
A: Account receivables turnover ratio indicates the managerial efficiency. This is calculated to know t...
Q: What does a relatively high accounts receivable turnover indicate about a company’s short-term liqui...
A: The account receivable turnover ratio is calculated by dividing the net credit sales by the average ...
Q: Indicate whether the following financial statement items apply to a manufacturer, a merchandiser, or...
A: The manufacturing business involves the production of goods. The merchandise business includes the r...
Q: Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall ...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...
Q: Gershwin Corporation obtained a franchise from Sonic Hedgehog Inc. for a cash payment of $120,000 on...
A: The franchise is a type of business organization in which the owner (franchisor) grants the legal ri...
Q: i need the answer quickly
A: Put option gives the owner the right to but notthe obligation to sell a particular security or any...
Q: “Agricultural produce prior to harvest should be accounted under the IAS 2” a. Evaluate the statemen...
A: Bearer plants are living plants which bears agriculture produce and is not an agricultural produce t...
Q: Surgimed Ghana Ltd. imports medical equipment which is manufactured under a patent. It subsequentl...
A: Provision address supports set to the side by an organization to cover expected misfortunes later on...
Q: Question 1. A company wants to produce a new product. In order to produce this product, the fixed co...
A: Variable costs means costs that costs which changes as per change in level of activity. Fixed costs ...
Q: A $5,000 unfavorable spending-budget variance indicates that ________. A. the actual variab...
A: Variance is the difference in the actual result and budgeted or standard result. Spending budget var...
Q: Toys “R” Us sells a variety of children’s toys, games, books, and accessories. Assume that a local s...
A: 1) Multiple-step income statement for the month ended March 31, 2021. Toys R Multiple step In...
Q: Mehta Ltd introduced 5000 units in a process at a cost of Rs10000.The wages andoverheads incurred ar...
A: Abnormal loss is the unexpected loss arising in the production process. Defective units are those un...
Q: question and multiple options are attached
A: Option (d), 68,000 is the correct answer.
Q: on 1 july 2019 francine bought a new security alarm system for her shop. the total sost for the akar...
A: Answer R= {1 – (s/c)^1/n } x 100 Where R = Rate of Depreciation (in %)n = Remaining useful life of ...
Q: The marketing department of Teddy Bear Company has submitted the following sales forecast for the up...
A: Production budget : Among the various budgets which states the financial planning of the bus...
Q: Surgimed’s board of directors aimed at ensuring the highest standard of transparency and accountab...
A: Definition: International Accounting Standard 1: IAS 1 deals with the presentation of Financial Sta...
Q: How is section 11 of the Securities Act different from the legal environment that exists under commo...
A: Section 11 of the Securities Act is subject to the Act is formed in order to protect the interest of...
Q: Dontelli Enterprises began operations on July 1, 2012, as a manufacturer of heat sensitive valves us...
A: Consolidated statements are prepared to consolidate the financial statements of parent and subsidiar...
Q: please help me a and b, thank you
A: Answer: a. It is earning P100,000 in variable CM for M Department Store The contribution margin is d...
Q: Need answers for number 4 (A and B)
A: Bonds payable is a long-term liability in which the bonds has been issued in lieu of amount borrowed...
Q: Karen has been depositing $150 at the end of each month in a tax-free retirement account since she w...
A: According to the time value of money concept, the value of money today will be more worth as compare...
Q: Grande Machinery Company purchased, for cash, a $60,000 custom machine on January 1, 2015. The machi...
A: (1) Journal entry in the book of Grande Machinery Company.
Q: Portland Co. uses the straight-line depreciation method for depreciable assets. All assets are depre...
A: Given the following information: Portland Co. uses the straight-line depreciation method for deprec...
Q: The equity method has been referred to as a one-line consolidation. What might prompt this descripti...
A: Consolidation is the process of combining financial statements and books of accounts of two companie...
Q: the following data were obtained from the records of lakers incorporated in relation to its operatin...
A: The operating expense seems to be an expense incurred by a company as part of its regular operations...
Q: ber, units are sold. Management belie that the average warranty costs will be $9
A: Given: To calculate the adjust entry on Dec 31 of the estimating warranty cost is given as,
Q: January 1, year 1, a company has capitalized software costs of $1,200,000 related to software that ...
A: Amortization means the expensing out the non-tangible asset's cost over the expected benefit to be r...
Q: Mattola Company is giving each of its employees a holiday bonus of $100 on December 13, 20-- (a nonp...
A: Taxable income: It is the part of the income on which tax to be paid to state and tax authorities to...
Q: Surgimed Ghana Ltd. imports medical equipment which is manufactured under a patent. It subsequently ...
A: A contingent liability is a liability that could arise relying at the final results of an unsure des...
Q: The cost of goods sold in March for Targé Co. was $3,701,740. The March 31 Work in Process Inventory...
A: Hi student, Since there are multiple subparts, we will answer only first three subparts.
Q: Toy Creations Ltd, a small and medium enterprise, specialises in children’s toys with its products b...
A: Service departments are those which do not generate sales revenue, therefore, there costs have to be...
Q: The balances of opening and closing accounts receivable are R40 000 and R15 000 respectively, what w...
A: Solution:- Calculation of the cash received from customer as follows under:-
Q: Mang Carlo is a balut vendor. For the taxable year year, he earned 180,000 from selling balut. Mang...
A: Total income is referred to the amount which is computed after adding the income generated by the in...
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A: Dividend: It can be defined as the distribution of a company's profits to the shareholders as a rewa...
Q: Question 2 Simone Gabby owns and operates Simone's Shoes, a small business that prepares reports on ...
A: The following computations are done to be recorded in the books of Simone Gabby. Formula Sheet: A...
Q: Too Good To Be TRUE Company has the following direct labor standard for its production. ...
A: 1 Unit = 3 Standard Hours 4000 unit = 4000 units * 3 Standard Hours = 12000 Standard Hours Therefore...
Q: CASE STUDYSurgimed Ghana Ltd. operates in the medical supply industry and specializes in sales and i...
A: Accounting policies are the type of accounting procedures for the preparation of financial statement...
Q: Which of the following statements about the post-closing trial balance is true? a. The post-closin...
A: Following is the answer to the given question
Q: The International Accounting Standards Board (the IASB or the Board) issued the revised Conceptual F...
A: Definition: International Accounting Standards Board: It is a conceptual framework introduced and d...
Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in...
A: The maximum amount of goods, or inventory, that a corporation can sell during an accounting period i...
Q: please help me c and d, thank you
A: Under department accounting, a separate book of account for each and every department is maintained....
Discuss how accounting can help organizations align themselves to environmental, social and economic (ESG) objectives. Critically explain if and why you favor rules or principles for environmental reporting.
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- Sustainability reporting can incorporate which of the following? A. environmental reporting B. social reporting C. business viability reporting D. all of the aboveDiscuss critically how Tesla provide Social and Environmental Accounting?Distinguish the rationales for some companies to adopt environmental accounting as part of their accounting system.
- Explain the concept of corporate social responsibility (CSR) and its relationship with accounting. How can accounting practices and disclosures contribute to assessing and communicating an organization's social and environmental performance?Explain what the relationship between accounting and the broader social economic and environmental community is or should be. Discussion of relevant theory will assist your discussion.What is the advantage of adopting environmental accounting as part of their accounting system in a company
- Reccomendation on how to improve or overcome the environmental factors that effects accounting system.Suppose you are tasked to construct and evaluate complex financial statements, including those relating to group accounts, to show an organization's financial position and performance. How do SASB standards relate to your task? What is the purpose of sustainability accounting and disclosure? Why are SASB standards needed in the business world?Discuss how an organization could analyze investment prospects in order to guarantee that choices are made in accordance with the business's requirements and financial management plan.
- The primary objective of financial accounting is Group of answer choices A. to serve the decision-making needs of the company’s management. B. to determine whether to build, buy or rent a building. C. to provide financial statements to help external users analyze and interpret an organization’s activities. D. to provide information on the costs and benefits of producing a new product.Comment on the current and potential impact of creative accounting and discuss its management methods.Explain what you understand by the following framework in relation to Financial Reporting process: Integrated Reporting framework. Sustainability Reporting and Corporate. Social Responsibility Report.
