manager

Q: Bill Anders is considering investing in a franchise in a fast-food chain. He would have to purchase ...

A: Net Present value (NPV): The difference between the inflow as well as the outflow of cash over a par...

Q: The comparative statements of Sheridan Company are presented here.  SHERIDAN COMPANY Income Stat...

A: 1. Ratio Analysis - Ratio Analysis shows the various analysis of the financial statement and helps t...

Q: Calculation and Journal Entry for Employer Payroll Taxes Portions of the payroll register for Barney...

A: Payroll accounting keeps track of your employees' wages and accounts for any extra expenses incurred...

Q: practice question off google!

A: Given in the question: The John Doe Company uses weighted-average method in its process costing. The...

Q: On January 1, 2020, Ivanhoe Company leased equipment to Flynn Corporation. The following information...

A: Rental payment refers to the sum of money that is fixed under a contract between the lesser and a le...

Q: Audit sampling should not be applied to which of the following audit procedures?   A. Physical...

A: Option A is wrong because audit sampling can be applied during the physical inspection of plant and ...

Q: Hi, can I get some assistance on this equation?

A: The dividend is declared and paid from the net income of the current year and retained earnings of t...

Q: How do you solve this problem?  Please give an explanation on the third part of the problem.

A: 1. Investment Center Income Average Invested Assets Return on Investment Electronics $2,752,000...

Q: Question 6. Please fill in the blanks in the same format as the question

A: A budget is an estimate showing the expected values of different cost parameters like sales, product...

Q: Chapter 23, Question 5, part 3. Please fill in the blanks in the same format as the question

A:  Flexible Budget performance report:

Q: Direct Labor Variances Bellingham Company produces a product that requires 2 standard hours per unit...

A:

Q: Question 7. Please fill in the blanks the same format as the question

A: It is assumed that Sales in April are expected to be $200,000. Burton forecasts that monthly sales w...

Q: Computer-assisted audit techniques (CAATs) are becoming more popular in recent years. Select two CA...

A: Computer-assisted audit techniques (CAAT): The CAATs relate to the use of technology to aid in the e...

Q: 24

A: Computerized accounting includes using the computers and accounting software for recording, storing ...

Q: None

A: Inheritance tax is paid on the worth of assets at the time of death of an individual. However it add...

Q: When auditing the cash account, the auditor traces the cash receipts, which are recorded on the cash...

A: Auditing refers to the process of physically evaluating and inspecting all the financial information...

Q: what is pension plan asset?

A: Definition : The term pension plan assets refer to the funds a corporation can use to satisfy its fu...

Q: Lingkod Company, a manufacturer of furniture sets, is considering to purchase the seat cushions need...

A: Make-or-buy decisions should be based on the relevant cost of each option. Any costs that are incurr...

Q: 38

A: Breakeven point is a point where no profit or no loss situation arise. In other words when fixed cos...

Q: For each of the following transactions below, prepare the journal entry (if one is required) to reco...

A: Their  is no initial  entry

Q: 56. On October 17, Thomas Long bought two $ 1,000 bonds, bearing 6% premium payable January 1 and Ju...

A:   given: Thomas Long bought two $ 1,000 bonds, 6% premium payable financier expense of $ 5 per bond....

Q: Many corporations struggles, to align the financial statements prepared by foreign branches with tha...

A: International Finance Reporting Standards (IFRS) International finance Reporting Standards (IFRS) wh...

Q: Walton Company has measured its quality costs for the past two years. After the company gathers its ...

A: Note: Since you have posted a question with multiple subparts only the first three sub-parts will be...

Q: On August 1, 2020, PHINEAS Company borrowed P9,000,000 from a lender, which is to be paid on January...

A:       When the loan is borrowed from the lender, the interest charge on the loan or the borrowed mon...

Q: Which of the following statements is false?  A For tax purposes, companies can use the MA...

A: Answer: Option (A) is Wrong.

Q: A section of a bank statement is shown in the figure. Find the mistake that was made by the bank. ...

A: Bank statement is the summary which shows all cash deposited in bank account and all withdrawals tha...

Q: Assume that a certain nursing home has two categories of payers. Medicaid pays las $60.00 per day an...

A: Solution: Profit = (Sales - Variable Cost) - Fixed Cost Profit = Contribution - Fixed Cost Total var...

Q: Question 5

A: Option (a) is the correct answer

Q: weighted-average method of process costing

A: Weighted-Average Method: The cost of products for sale is divided by the number of units available f...

Q: Hi Can you kindly assist me draft an income statement You can come up with your own figures to fill...

A: The sales for all the year are taken as 1,00,000. The closing stock of one year will be opening stoc...

Q: Ryan Lawrence's hourly rate is $16. He receives 1 and half times the regular rate for any hours work...

A: Gross pay refers to the total amount received by the employer from their employee without any deduct...

Q: Wildhorse Limited has signed a lease agreement with Lantus Corp. to lease equipment with an expected...

A: The entity can determine the present value of the lease by using the implicit rate of interest, if t...

Q: Identify the major problems in this situation and explain how they impact the organization. You will...

A: Soldering workers rarely accomplish operations in less time than the standard permits at the moment....

Q: Teal Leasing Company agrees to lease equipment to Flint Corporation on January 1, 2020. The followin...

A: Given, Term of lease is 7 years Machinery cost is $510,000 Fair value is $717,000 Residual value is ...

Q: Chapter 23, Question 3. Please answer in same format as question so it's easy to transfer

A: Variance Analysis It is important in the analyze the variance which was incurred in the different co...

Q: SELL OR PROCESS FURTHER

A: The question is based on the concept of Cost Accounting.

Q: PLEASE SOLVE ALL WITH SOLUTIONS. Will give a thumbs up if solved all with accuracy. Thank you!

A:                                               In Financial Accdounting a "segment" is a part of the ...

Q: A sale's man has a fixed salary of birr 200 a week in addition, he receives a sales commission that ...

A: In terms of accountancy, salary is treated as an expense account and is reported under the income st...

Q: At the end of the day, the cash register's record shows $1,286, but the count of cash in the cash re...

A: The petty cash fund is generally used for recording different small expenses and is replenished ever...

Q: 39

A: Contribution margin is known as the excess of sales revenue over the variable cost.It is also known ...

Q: Eddy's statement of profit or loss for his first year of trading to 30 September 2019 showed a charg...

A: In profit and loss a/c we record only that much of expense which was incurred / accrued for that yea...

Q: er Division manufactures and sells logs to paper manufacturers. The Consumer Divis lumber mills whic...

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...

Q: 7-3 Purchasing Supplies and the Monthly Supplies Adjusting Entry On July 1, 2021, Martha Jones start...

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: #43 The partnership agreement between Milan and Vera stipulates that Milan is to receive a bonus on ...

A: In partnership a person whose share is higher has greater advantage and simultaneously & lower s...

Q: Baker Construction, Inc. pays its employees each Friday for the work they performed that week. Baker...

A: Under the accrual basis of accounting, all the revenues and expenses are recorded when they are actu...

Q: Please answer Requirements 7  & 8   Purchasing Supplies and the Monthly Supplies Adjusting Entry...

A: The supplies assets are Shop Towels Rolls, Degreasing Fluid Quarts, and Gasket Sealer Tubes. 

Q: Franklin Capital purchased two properties in 2020: an office tower purchased for $1,800,000 a piece...

A:

Q: Do you think that insider trading is occurring in Antigua and Barbuda?

A: The trading of a public corporation's shares or other investments depending on significant, nonpubli...

Q: Required information [The following information applies to the questions displayed below.] Sweeten C...

A: Calculation of Manufacturing overhead applied to Job P and Job Q:

Q: Sandhill’s Staff has the following inventory information. July 1   Beginning Inventory   22 ...

A: In FIFO the first goods will be sold first  

Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.