O Integrity
Q: Equipment is classified in the statement of financial position as a current asset. property, plant,…
A: ANSWER:- PROPERTY , PLANT AND EQUIPMENT Explanation:- PROPERTY , PLANT AND EQUIPMENT:- Equipment is…
Q: Required: Lisa’s portfolio has provided the rates of return of 16.6%, 17.2%, - 9.6%, 15.5% and…
A: 1. Geometric Average Return = [{(1+ r1) x (1 + r2) x ............... x (1 + rn)}^(1 / n)] - 1 2.…
Q: Host nations have adopted competition policy and anti-dumping law. a. Why do multinational…
A: Host nations have adopted competition policy and anti-dumping law. In addition, the host countries…
Q: an engineer bought a piece of equipment for 500000. he spent amount of 20000 for installation and…
A: Depreciation refers to the amount that is reducing the value of fixed assets within a fiscal year.…
Q: cash. Record both depreciation expense for 2024 and sale of the fixtures on July 31, 2024. (Assume…
A: Depreciation expenses refers to the reduction in the asset value. It is treated as an expenses and…
Q: 5. Motorcycle shop A sells brand new motor bikes at Php42,250 less 10%. Shop B, on the other hand,…
A: The selling prices are original prices less discount rates. Inorder to match Selling price of Shop B…
Q: B2. Mark has a great idea for business and investigates his idea. He spends $2,000 for a market…
A: Business startup costs are the costs incurred before you start or buy a business. These costs are…
Q: Jerry and Sherry own and operate a partnership. Jerry’s capital balance is $50,000 and Sherry’s is…
A: A partnership is an association of businesses in which more than one person invests money, engages…
Q: Question 2 Depreciation is the process of valuing an asset at its fair value. increasing the value…
A: Correct ans is (C) Allocating the cost of an asset to expense over its useful life in rational and…
Q: The following T-accounts provide selected data about Cullumber’s financial results for the year.…
A: Lets understand the basics. In cost management, journal entry is required to make to prepared…
Q: Which statement is true?
A: Depreciation refers to the decrease in the value of a tangible asset over a period of time. There…
Q: ealthy Food Ltd is considering to invest in one of the two following projects to buy new machinery.…
A: NET PRESENT VALUE Net Present value is one of the Important Capital Budgeting Technique. Net…
Q: Req #4, Can you please highlight what items I should enter into the budgeted income statement for…
A: Income statement is one of most important financial statements. It represent overall income of the…
Q: given fc= 100000 sv=20000 l=10 years i=7% using the sinking method determine the annual…
A: Sinking fund method assumed that annual depreciation is amount required to be deposited to achieve…
Q: Part B is the incorrect answer
A: The LIFO method is defined as one of the important methods of inventory calculation in which the…
Q: Forester Company has five products in its inventory. Information about the December 31, 2021,…
A: Workings :- 1) Calculation of NRV :- Product (i) Unit Selling price (ii) Sales commission (unit…
Q: a. Calculate the cost of ending inventory. Ending inventory . Calculate the cost of goods sold.
A: WORKING NOTE- TO CALCULATE ENDING INVENTORY AND COST OF GOODS SOLD Date Purchased…
Q: Muskoge Company uses a process-costing system. The company manufactures a product that is…
A:
Q: Eight years ago, SW purchased 1,600 shares of Delta stock. On May 20 of the current year, it sold…
A: Its important to understand the Wash sale rule which states that you cant claim a deduction for the…
Q: Exercise 1: A few years ago, Heineken, the Dutch brewing company, decided to reduce the length of…
A: There are a few key advantages to using the economic order quantity (EOQ) model when deciding how…
Q: Canova Corporation adopted the dollar-value LIFO retail method on January 1, 2021. On that date, the…
A: Solution Lifo method is the method in which most recently produced item are sold first. Lifo method…
Q: I'm not sure how to journal the principal plus interest for the last transaction. I think that I do…
A: Note receivable is one of the current asset of the business. It means promise has been received from…
Q: Question 2 Polk Company developed the following information for its product: Per Unit Sales price…
A: Break Even Point :— It is the point at which total cost is equal to total revenue. At this point,…
Q: Aaron Corporation, which has only one product, has provided the following data concerning its most…
A: Lets understand the basics. There are two costing system which are generally follows by the entities…
Q: ! Required information M7-20 to 22 (Static) (Supplement 7A) Calculating Cost of Goods Sold and…
A: Solution Weighted average method is the method of inventory valuation , where even 8f inventory with…
Q: Estimate ending inventory using the dollar-value LIFO retail method. be entered as 12.34%.))
A: The LIFO method is defined as one of the important methods of inventory calculation in which the…
Q: Estimating Useful Life and Percent Used Up The property and equipment footnote from the Deere &…
A: Answer:- Depreciation meaning:- Due to usage, deterioration or obsolescence an asset's monetary…
Q: The income statement for the Edgebrook Golf Club for the month ending July 31 shows, Green Fees…
A: Accounting journal entries are used to document accounting transactions in a company's accounting…
Q: a. Is the corporation taxed? Give Code Section and amount of tax b. Are Shareholders taxed? Give…
A: The tax implications of distributing real estate to shareholders will depend on the structure of the…
Q: the following devices is not used to record the hours worked by an employee? a) time sheet b)…
A: Time sheet refers to the form of a data sheet used by an employer in order to track the work done by…
Q: XYZ Inc is preparing the October month-end Bank Reconciliation. The balance in the cash ledger on…
A: Bank reconciliation statement is the one which is prepared in order to reconcile the errors in…
Q: OfficeMart Inc. has “cash and carry” customers and credit customers. OfficeMart estimates that 30%…
A: A cash collection schedule means showing a pattern in which a business expects to collect cash from…
Q: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item PK95 are as…
A: FIFO Method Date Purchase Cost of goods sold Balance Units unit cost total units Unit…
Q: Which of the following items does NOT cause a difference in the bank balance and the book balance on…
A: Introduction: Companies prepare bank reconciliation at the regular intervals to identify differences…
Q: The following information was drawn from the year-end balance sheets of Desoto Company: Account…
A: “Since you have asked multiple question, we will solve the first(or required one only) question for…
Q: Janicka is an appliance retailer. She can buy a freezer from a wholesaler for a list price of $750.…
A: The discount is a concession in the sale price given by the seller to their customer or purchaser.…
Q: 1. Calculate Stock Turnover Ratio from the following details: (i) Opening Stock OMR 29,000 (il)…
A: calculation of stock turnover ratio are as follows
Q: Assume that instead of $5,000 per month Juan earned $9,500 per month. Answer the questions in…
A: The solution has been provided for the requirement which has been asked which is part b and the…
Q: Knoll, Inc. currently sells 31,000 units a month for $34 each, has variable costs of $23 per unit,…
A: Contribution margin: The difference between the sales and the variable costs is called the…
Q: 40. A consultant makes two statements about ICAEW's regulation and supervision roles 1 ICAEW uses…
A: ICAEW stands for Institute Chartered Accountants In England and Wales helps its members in…
Q: Determining Gross Profit During the current year, merchandise is sold for $863,000. The cost of the…
A: INCOME STATEMENT Income statement is one of the important financial statements of the company.…
Q: Exercises 1. At the beginning of the school year, Bailey Eyelash decided to prepare a cash budget…
A: Budget - It is an estimation of Income and expense over a given period of time which is prepared by…
Q: 1. Using the data from the table calculate correlation between a. Budget and Organization's revenue;…
A: Correlation is a statistical tool used to measure the degree to which two variables change in…
Q: Assume for tax year 2022, your adjusted gross income is equal to $110,000. You will file your…
A: Adjusted gross income is after deduction of certain adjustments Taxable income = AGI - standard…
Q: The credit card with the transactions described on the right uses the average daily balance method…
A: A credit card is a financial instrument issued by banks with a pre-set credit limit, helping you…
Q: Questions True False The balance sheet provides owners with an estimate of the firm's worth for a…
A: Since multiple questions have been posted, as per the guidelines only the first question will be…
Q: Describe the difference between adjusting entries and closing entries?
A: INTRODUCTION: Journal entries are the simplest way to keep track of a commercial transaction. They…
Q: You are single and earns and income of $80,000 a year. Recently, you sold stocks that you had held…
A: The capital gain normally arises when there is an appreciation in the value of the capital assets.…
Q: ompute and Interpret Liquidity, Solvency and Coverage Ratios Balance sheets and income statements…
A: Current ratio is the ratio through which companies ability to pay it's short term liabilities is…
Q: A capital expenditure would be: Group of answer choices added to the cost of the asset ignored…
A: The Capital expenditure is that expenditure which is incurred for long term benefits. The benefits…
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- Sara has just taken a job as the middle school assistant principal for an area school district. Prior to Chis, she was a teacher. She has received the following performance measurements for her first administrative job. Her first order of business is to determine if these performance measurements are short-term goals or long-term goals based on her individual situation. She has completed her administrative degree but has not yet worked as an administrator. Identify each of the following goals as short term or long term. A. Conduct teacher walk-throughs/observations/evaluations for teachers of grades 6 and 7. B. Assist the districts mission in seeking to educate all youth in the school district. C. Train to become a building instructional leader. Act as building administrator in the absence of the principal. D. Attend meetings with building principals and the administrative team when called to do so. E. Engage all students in a meaningful way, and support teachers and staff in providing rigor and relevance. Success of school-wide discipline and attendance policies and enforcement depends on a combination of creativity and sound pedagogy while adhering to district, state, and federal law, guidelines, and regulations. F. Facilitate and supervise all federal- and state-mandated drills (fire, lockdowns, tornado, others). G. Dress professionally. H. Assist the building principal in all job duties and responsibilities.Once upon a time, there was an amazing group of students who studied at Cronfwoman University. News had spread about how good these students were – both at school work, and at working with each other. They chit‐chatted with their neighbors in class, collaboratively worked with them and shared many a smiles with them. The amazing students were approached by an investor, Ms Finn Ance Major, who asked for their help. The investor was contemplating setting up a Sandwich Shop at the University and wondered if that was a good investment. What is your recommendation to Ms Finn Ance Major? Here is some information to get you started: 1. The Sandwich Shop will sell made‐to‐order cold and hot sandwiches, and non‐alcoholic beverages only 2. The University has an intake of 6,000 students for the 3‐year Undergraduate program and 1,000 students for the 2‐year Master’s Program per year 3. There are a 4 other food options on campus – but none of these offer sandwiches 4.…The Scholastic Aptitude Test (or SAT) is a standardized college entrance test that is used by colleges and universities as a means for making admission decisions. The critical reading and mathematics components of the SAT are reported on a scale from 200 to 800. Several universities believe these scores are strong predictors of an incoming student’s potential success, and they use these scores as important inputs when making admission decisions on potential freshman. The tile RugglesCollege contains freshman year GPA and the critical reading and mathematics SAT scores for a random sample of 200 students who recently completed their freshman year at Ruggles College. Develop an estimated multiple regression equation that includes critical reading and mathematics SAT scores as independent variables. How much variation in freshman GPA is explained by this model? Test whether each of the regression parameters β0, β1, and β2, is equal to zero at a 0.05 level of significance. What are the correct interpretations of the estimated regression parameters? Are these interpretations reasonable? Using the multiple linear regression model you developed in part (a), what is the predicted freshman GPA of Bobby Engle, a student who has been admitted to Ruggles College with a 660 SAT score on critical reading and at a 630 SAT score on mathematics? The Ruggles College Director of Admissions believes that the relationship between a student’s scores on the critical reading component of the SAT and the student’s freshman GPA varies with the student’s score on the mathematics component of the SAT. Develop an estimated multiple regression equation that includes critical reading and mathematics SAT scores and their interaction as independent variables. How much variation in freshman GPA is explained by this model? Test whether each of the regression parameters β0, β1, β2, and β3 is equal to zero at a 0.05 level of significance. What are the correct interpretations of the estimated regression parameters? Do these results support the conjecture made by the Ruggles College Director of Admissions? Do you prefer the estimated regression model developed in part (a) or part (c)? Explain. What other factors could be included in the model as independent variables?
- he Shining Stars primary school was the recent recipient of a technology grant to source and implement a school management system. The school administrator is not technology savvy and therefore sought advice from three of the board members who were knowledgeable in the information systems and technology field. One director advised the administrator to purchase an off-the-shelf solution which would allow the school to get the system configured and up and running in a short period with reasonable costs. The second advised the administrator to invest in the development of a unique system to meet the custom requirements of the school’s administration. He suggested that this would create a closer fit to the school’s needs compared to purchasing software, but will cost more. The third director suggested using an open source solution which would have little if any upfront costs but may take some time to set up. i) Identify the…As karma developer, Dan was in charge of hummel’s development and proactivity. Considering the recent media crticism it was however clear that in order to stay on track and continue hunmel’s work of doing good while being well, Dan needed to reconsider the company’s strategy for philanthropic activities while at the same time ensuring responsible supply chain management. At tomorrow’s meeting with the christian and the soren, Dan was expected to present and clearly argue for his suggestions. He had to look at all aspects of the situation - how would the strategy affect external stakeholder such as customers and suppliers, and how should potential changes be managed internally in order to obtain support and engagement from hummel’s employees?The Shining Stars primary school was the recent recipient of a technology grant to source and implement a school management system. The school administrator is not technology savvy and therefore sought advice from three of the board members who were knowledgeable in the information systems and technology field. One director advised the administrator to purchase an off-the-shelf solution that would allow the school to get the system configured and up and running in a short period with reasonable costs. The second advised the administrator to invest in the development of a unique system to meet the custom requirements of the school’s administration. He suggested that this would create a closer fit to the school’s needs compared to purchasing software, but will cost more. The third director suggested using an open-source solution which would have little if any upfront costs but may require some customization. The school administrator must decide about which solution to go with.…
- Education is a process that involves the transfer of knowledge, habits and skills from one generation to another through teaching, research and training. It can be in a formal or informal setting. Formal education involves institutionalized learning based on a curriculum. In today’s society, education and learning play an indispensable role in shaping the lives of individuals and the society at large. The most effective way of boosting economic growth, reducing poverty and improving people’s health is by investing in education.Forty years ago, Vinfen was founded as a nonprofit company by psychiatrists and social workers at the Massachusetts Mental Health Center and Harvard Medical School to help people with psychiatric conditions transition to group homes for community living. Vinfens strategy map for fiscal 2006 shows how it is building from its mission to accelerating organizational learning and elevating agency performance through its balanced scorecard perspectives to bring value to the customer supported by operational excellence. The following are elements in the balanced scorecard and the four key perspectives. Match the elements with the correct perspectives.Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.Paul Duncan, financial manager of EduSoft Inc., is facing a dilemma. The firm was founded 5 years ago to provide educational software for the rapidly expanding primary and secondary school markets. Although EduSoft has done well, the firm's founder believes an industry shakeout is imminent. To survive, EduSoft must grab market share now, and this will require a large infusion of new capital.Because he expects earnings to continue rising sharply and looks for the stock price to follow suit, Mr. Duncan does not think it would be wise to issue new common stock at this time. On the other hand, interest rates are currently high by historical standards, and the firm's B rating means that interest payments on a new debt issue would be prohibitive.…
- The following statements have appeared in newspaper editorials:1. Business students come from all segments of society. If they have not been taught ethics bytheir families and by their elementary and secondary schools, a business school can have littleeffect.2. Sacrificing self-interest for the collective good won’t happen unless a majority of Americansalso accept this premise.3. Competent executives manage people and resources for the good of society. Monetary benefitsand titles are simply the by-products of doing a good job.4. Unethical firms and individuals, like high rollers in Las Vegas, are eventually wiped outfinancially.Required:Assess and comment on each of the statements.ABC bank offers a Business Grant to encourage a fresh graduate to become an entrepreneur. However, to apply this Business Grant, you need to explain in general the overview of your business. Therefore, using the Business Model Canvas approach, develop your strategy to run ANY BUSINESS IDEA by illustrating Business Model Canvas based on NINE (9) areas, including customer segment, value proposition, marketing channels, customer relationships, key partners, key activities, key resources, cost structure, and revenue stream.Bekah and Rafael, supervisors in the Human Resources Department at James Manufacturing, are tasked with determining appropriate performance metrics for the learning and growth perspective of their company's balanced scorecard. Which of the following is the best metric for this situation?