List the three questions you posed to the entrepreneur followed by the responses.
Q: Natasha gets stake in Big Red Airline Corporation from her Uncle Tony's inheritance. On August 2,…
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Q: 22. Which of the following is not included on the statement of changes in stockholders’ equity? a.…
A: Statement of changes in stockholders' equity is a part of financial statements to show the changes…
Q: Account Receivable Dr. Sales Revenue Cr. Cost of Good Sold Dr. Inventory Cr.
A: Accounts receivable is the amount that has been earned by the company but the payment for the same…
Q: The following cost and inventory data are taken from the accounting records of a furniture…
A: The cost of goods manufactured includes the cost of goods that are finished during the period.
Q: What impact does this have upon the earnings quality?
A: The net income of the company means the income that remains after deducting all expenses from the…
Q: A company reports the following: Total Assets $390,000 Total Liabilities 140,000 Total Stockholders'…
A: Formula: Debt ratio = ( Total Liabilities / Total Assets ) x 100
Q: View Policies Current Attempt in Progress On July 1, 2022, Blossom Co. pays $12.000 to Nash's…
A: A record is typically maintained in the general ledger, but it can also be maintained in a separate…
Q: Which of the following strategy enables a manager to report a higher current ratio? Select one: a.…
A: The current ratio is the ratio of the current assets to the current liabilities of the entity. By…
Q: hat earnings after interest and salary allowances would be divided in the ratio of 2/3 and 1/3 to…
A: Partnership Equity Statement Definition The statement of partnership equity is a financial statement…
Q: SixthZ currently produces and sells 1,200 treehouses per year and sells them at $1200 per treehouse.…
A: Introduction: Operating income is the money left over after deducting operating expenses and the…
Q: 2. Balance sheet The balance sheet provides a snapshot of the financial condition of a company.…
A: Let us complete the missing figures at first. Total Current Assets in Year 2 = $19687 Cash and Cash…
Q: 1. Downing Company issues $1,000,000, 12%, 10-year bonds on January 1, 2020. The bonds pay interest…
A: Issue price of the bond means the true/intrinsic value of the bond. In other words, it means the…
Q: A company developed the following per-unit standards for its product: 2 pounds of direct materials…
A: Actual rate = $6,3001,500 pounds = $4.2 per pound
Q: Harris Company manufactures and sells a single product. A partially completed schedule of the…
A: Introduction: The income statement is a critical component of the performance reports issued by the…
Q: Sales (4,300 units) Variable expenses Contribution margin Fixed expenses Net operating income $ $…
A: Formula used: Contribution margin per unit = Total contribution margin / Number of units
Q: View Policies Current Attempt in Progress On July 1, 2022, Blossom Co. pays $12.000 to Nash's…
A: A record is typically kept in the general ledger, but it can also be kept in a separate account,…
Q: Accounts payable are: Multiple Choice Amounts received in advance from customers for future…
A: The balance sheet represents the financial position of business with assets, liabilities and equity…
Q: Required: (30%) 1. Determine Pam's investment income for 2017 and 2018, and its investment balance…
A: Pam Corporation acquired 90% interest in Sun Corporation on July 1, 2017 for $ 675,000. The…
Q: In the month of June, Jose Hebert's Beauty Salon gave 3,800 haircuts, shampoos, and permanents at an…
A: Formula used: Contribution margin = Contribution margin per unit x Number of Haircuts
Q: company is considering the end of the year rental of a copying machine that costs P 1,000 the first…
A: Present value concept means that with the passage of time, value of the amount will decrease due to…
Q: The entry to record the receipt of payment within the discount period on a sale of P10,000 with…
A: The journal entries are prepared to record the day to day transactions on regular basis. The sales…
Q: What objectives does the Statement of Federal Financial Accounting Concepts (SFFAC) No. 1 for…
A: Statement of Federal Financial Accounting Concepts (SFFAC) are the financial standards issued by…
Q: Net sales Cost of goods sold Beginning inventory $ 180,000 124,000 41,000
A: Formula used: Inventory turnover ratio = Cost of goods sold / Average Inventory Division of Average…
Q: Harris Company manufactures and sells a single product. A partially completed schedule of the…
A: Introduction: The Financial statement is a basic financial statement showing a company's profit and…
Q: Sales Cost of goods sold Gross margin Operating expenses Operating income Interest expense Income…
A: Formula used : Times interest earned = Earnings before Interest expense / Interest expenses Division…
Q: A basketball player is considering signing a one-year contract. If she puts in High effort, there is…
A: Introduction: A salary is an amount provided by an employer to workers on a monthly basis for work…
Q: Devril plc is considering the investment in a project that has an initial cash outlay fo by a series…
A: the cost of capital represent the minimum desire return where as the net present value is the…
Q: Interest on a ten-year loan of 10,000 loan is at an annual effective interest rate of i. The sinking…
A: A sinking fund is a fund created by an organization for payment of any future liability which is…
Q: The entry to record a sale of P1,800 with terms of 2/10, n/30 will include a a. debit to Sales…
A: Journal entries are used by the companies, firms, NPO, etc. to keep a record of the transactions…
Q: Remember: Gross profit = SP-CP Activity 1.2 Complete the following table: Table 1.2: Finding the…
A: Sale price refers to the price at which the goods are sold. Cost price is the price incurred for the…
Q: Jammer Company uses a weighted average perpetual inventory system and reports the following: Units…
A: Under Weighted Average perpetual inventory system: Cost per unit is calculated based on total moving…
Q: H Value inventory using FIFO method Jan. 2, purchased merchandise for resale Jan. 12, purchased…
A: Inventory value is the amount at which the inventory in the books is to be reported.
Q: Which of the following can be described as common resources? i. snacks available at a function ii. a…
A: Common resources are generally defined as commonly available to all i.e available to general public…
Q: The following dists from the just completed year are taken from the accounting records of Mason…
A: Cost of goods manufactured - Total Manufacturing Cost = Direct Material + Direct Labour + Factory…
Q: Carla Vista Corporation issued 2,800, 6%, 5-year, $1,000 bonds dated January 1, 2022, at 100.…
A: Introduction: Bonds are issued with the assistance of governments and enterprises in order to raise…
Q: Which company stock is better to invest and why
A: Answer:- Stock meaning:- A stock is a broad term that generally refers to any company's ownership…
Q: Lynch Company manufactures and sells a single product. The following costs were incurred during the…
A: Income statement is the financial statement prepared for knowing the profitability position of a…
Q: Required information [The following information applies to the questions displayed below.] The…
A: A record is usually kept in the general ledger, but it can also be kept in a specific account,…
Q: BULUH NIAGA BHD Sara Liza, the owner of Buluh Niaga Bhd, is planning to request a line of credit…
A: The cash budget is a statement that provides detailed information about the cash flows of a business…
Q: As during eighth year, Clark Company spent $2,400,000 on equipment for its own use. The project took…
A: Introduction: The Standard Accounting Principles (GAAP) are the standard accounting regulations,…
Q: The following information relates to Marshall Manufacturing's current accounting period: $ 16,400…
A: Introduction: Net income is the total profit earned by the organization during the period. At the…
Q: Post all journal entries on the T-account. Prepare the trial balance. Prepare the worksheet. On…
A: Journal entries are used by the companies, firms, NPO, etc. to keep a record of the transactions…
Q: 4-12. On January 1, 2020, Byron, Inc. purchased 30% of the outstanding ordinary shares of Pirates…
A: Journal entries are used by the companies, firms, NPO, etc. to keep a record of the transactions…
Q: Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for…
A: Contribution margin is the result of sales reduced by variable expenses whereas net operating income…
Q: Question 5
A: (Ending inventory-Beginning inventory)*Fixed overhead applied per unit = Difference in net operating…
Q: Price per unit = $10 Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700…
A: The net income is calculated as difference between revenue and expenses of the current period. Net…
Q: Question 5: Vance Company reported net incomes for a three-year period as follows: 2014, $186,000;…
A: Net Income- Net income is the balance left over after deducting a company's cost of goods sold and…
Q: The income statement, statement of retained earnings, and balance sheet for Somerville Company are…
A: Introduction: Return on sales : Division of Net sales with Net income derives the Return on sales.
Q: Problem I. The beginning inventory of raw materials is 1,000 units at P5 each. Purchases during the…
A: Using average method, cost per unit is calculated as total cost of available goods divided by number…
Q: Dune Ltd is considering a project that will require the use of a crane that cost £600,000 when it…
A: Introduction:- Net present value is the difference between the present value of cash inflows and…
- List the three questions you posed to the entrepreneur followed by the responses.
- What are the commonalities and differences that you noted in the various questions and answers?
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- How might a business interact with each of the four different stakeholders you identified in the previous exercise?Choose three stakeholders (or stakeholder groups) for Walmart and prepare a written response for each stakeholder. In your written response, consider the factors about the business the particular stakeholder would be interested in. Consider the financial and any nonfinancial factors that would be relevant to the stakeholder (or stakeholder group). Explain why these factors are important. Do some research and see if you can find support for your points.find an article in the field of business and critically evaluate the different sections and methodology used. You will need to critically discuss each section and then provide your thoughts and ideas on themethodology, data collection and presentation of the results.
- Identify the four categories of cultural variables that affect the way you do business. Which of these do you think is the most important? Provide an example.Identify a place where accountants are mostly employed. As new hired employee you need to know about the cultural modes of the place. a. Give three cultural communication modes.The business research process involves a series of steps that systematically investigate aproblem facing the organization. Select one example of a business problem discuss the sequence of steps that can be followed to conduct the business researchto help in decision making.
- Which of the following is described as an online “living entity”? Social media résumé Chronological résumé Functional résumé Infographic résumé Traditional résumé All of these choices are correct. Explain your answer, and cite sources.Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the business funding, and what costs might the business have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making processIdentify and discuss the drawbacks of an entrepreneur.
- Questions asked in the personal interview 1. Why were you selected out of all the applicants?Can you please expand on how you got the answer for: Think-Local IncAccording to the information on management accounting available at http://www.accounting.com/careers/, what are some areas of specialization?
