On 17 June 2020, RM7,000 was saved in a bank that offered 6.6% simple interest per annum. Find the amount of interest earned on 28 September 2020 by using approximate

Q: How do German firms use accounting reserves

A: The Handelsgesetzbuch (HGB) is Germany's business code and accounting rules for financial statement ...

Q: onsider the unadjusted trial balance of Riverdale Company at June 30, 2016, and the related month-en...

A: The adjustment entries are prepared at year end to adjust the revenue and expenses of the current pe...

Q: . . . . . . . 102,000  115,000 Depreciable Fixed Assets . . . . . . . . . . . . . . . . . . . . . . ...

A: Retained earnings refer to the sum of money remaining at a company after it has distributed the desi...

Q: Wolmore Resources Ltd. is authorized to issue unlimited numbers of common shares, of which 40,500,00...

A: SOLUTION A JOURNAL COMPANY'S OFFICIAL BOOK IN WHICH ALL BUSINESS TRANSACTIONS ARE RECORDED IN CHRONO...

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Q: 10. Rahim runs a lawn-care business. One day the company's large mower breaks down in the middle of ...

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Q: The ending Retained Earnings balance of ABC decreased by $1.5 million from the beginning of the year...

A: Answer) Calculation of Net Income earned During the Year Net Income Earned = (Ending Balance of Reta...

Q: Oriole Inc. issued $6 million of 10-year, 10% convertible bonds on June 1, 2020, at 99 plus accrued ...

A: SOLUTION  A JOURNAL IS AN COMPANY'S OFFICIAL BOOK IN WHICH ALL BUSINESS TRANSACTION ARE RECORDED IN ...

Q: You have a team of engineers working on your project. Two of the engineers have frequent disagreemen...

A: In a nutshell, the two engineers are having constant disagreements. Even after many attempts, they a...

Q: Adelaide is self-employed and must submit estimated quarterly tax payments. Her predicted total tax ...

A: Total Tax Liability = $ 36000 Current Withholdings = $ 18283

Q: conceptual framework of accounting

A: Conceptual framework is developed by FASB to act as a fundamental check to develop accounting standa...

Q: what is the cost of sales?

A: Cost of sales are the cost incurred for producing the goods which is sold. The concept related to ma...

Q: Required information Use the following information for the Exercises below. (Algo) [The following in...

A: The equivalent unit of production can be calculated by multiplying the percentage of completion by u...

Q: Total Liabilities of Munimuni Company amounts to P400,000 which is 40% of the total assets. How much...

A: Owner's equity =                                                         total assets - liabilities ...

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Q: The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal...

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: An employee with an annual salary of $77278 is paid every month. What is the gross pay per pay perio...

A: Gross pay is the total amount  that is  receive for their work done. So  it is the total amount that...

Q: On April 1, 2016, Mandy's Auto has $542,194 in partially completed cars and trucks in their inventor...

A:                            In process costing we come accross with such situation.  At the begining ...

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A: For vertical analysis of income statement, the accounts of income statement are compared with the sa...

Q: he shareholders’ equity section of Corporation’s statement of financial position as of December 31, ...

A: Unappropriated retained earnings comprise of company's retained earnings portion which are not class...

Q: Help erpreting some of the accounting transactions that took place during the month of January 2022....

A: Transaction on 2/1/2022 Thocc has performed service of $5000, and received cash $3000 and balance to...

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A: Correct option: 203,000 Incorrect option: 76,000 30,000 56,000

Q: Data pertaining to Lakers Co.’s manufacturing operations: INVENTORIES   April 1, 20X1   April 30,...

A: Correct option: ₱118,000 Incorrect option: ₱150,000 ₱109,000 ₱115,000

Q: A European Union-based company is preparing its financial books. Which of the following should direc...

A: The Preparation of Financial books involves the process of aggregating accounting information into a...

Q: Destin Company produces water control valves, made of brass, that it sells primarily to builders for...

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A: The question is based on the concept of Financial Management.

Q: Kyrie Inc. can make 10,000 banners per month. Kyrie can sell 9,000 banners per month to NBA fans for...

A: Answer) Calculation of Incremental Profit (Loss) from the special order    Amount Sales R...

Q: Required information Use the following information for the Exercises below. (Algo) 1 [The following ...

A:

Q: ve and Abel are partners in Suave Swimsuits. Profits and losses are shared in the ratio of 022, when...

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Q: Division A makes a part with the following characteristics:     Production capacity in units........

A: In the case of inter-departmental transfers, we should assess the impact at the company level.

Q: Steph Company’s direct labor costs: Standard direct labor hours     30,000 Actual direct labor ho...

A: Labor variance type of variance that focuses on the rates of labor and the hours of labor. in this v...

Q: In 2018, SoundSmart Company started its production, specialising in manufacturing motorcycle helmets...

A: When a product is being manufactured, there are different costs associated with it. These costs can ...

Q: How do I prepare a schedule of cash collected from customers for the quarter ended March 31, 20X1?

A: Cash collected from customer is the amount received from sale made to customer through both cash and...

Q: What does it mean when you have a debit balance of accrued interest income? Does a Debit balance ac...

A: The accrued expenses are the expenses incurred but not paid yet and hence are recorded as liability....

Q: On January 1, 20x1, John Corp. acquired the identifiable net assets of Jose Corp. by paying cash of ...

A: Lets understand the basics. When acquirer acquires the acquiree then they pay the consideration in t...

Q: 1. On August 1, the company billed customers $2,500 on account for services renc ered. Customers are...

A: The journal entries are prepared to record day to day transactions of the business on regular basis....

Q: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Trend Analysis Common-Size Analysis (...

A: In order to make decisions from the financial statements prepared by a company, the managers may oft...

Q: Total Liabilities amounts to P500,000. Total owner's equity is thrice the liabilities. How much is t...

A: Accounting Equation: accounting equation is the basis of accounting which is Total Asset = Total Deb...

Q: oufian, a senior account executive is spending more money than he can afford. He is the authorized s...

A:   In the given situation, there can be seen complete lack of internal control.

Q: Standard direct labor hours     30,000 Actual direct labor hours     29,000 Direct labor efficie...

A: Working notes   

Q: specialized

A: Answer: The specialized industries are those who account the book different than normal and report f...

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A: The Net profit/loss should be calculated by deducting all the expenses from the revenue which are re...

Q: Diane’s Designs is a small business run out of its owner’s house. For the past 6 months, the company...

A: Variance analysis is one of the technique of management accounting, under which actual data is compa...

Q: ow long (to the next whole day) will it take $10000 to turn into each of the following amounts, if i...

A: Solution Given Interest rate      =2.5% p.a Compounding   =daily Present value    =$10000

Q: Margo receives a gift of real estate with an adjusted basis of $175,000 and a fair market value of $...

A: Given data, Adjusted basis =$175,000 Fair market value =$100,000   Margo has generated zero recogniz...

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A: Break even point is the level of sales at which the contribution margin is equal to the fixed cost. ...

Q: On 28 February 2019, the debtors control account in the General Ledger of Lesego Fashions showed a d...

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Q: Cash Payback Method This method identifies how long it will take (in years) to recover the initial i...

A: Pay Back period refers to that in how many years is required to get the initial investment will be b...

Q: Your Fan retails computer fans in two sizes: small and large. The business has provided you with the...

A: Contribution Margin = Sales - Variable Cost   Notes: Since you have posted a question with multiple ...

Q: QS 1-5 Identifying attributes of partnership, corporation, and limited liability company (LLC). busi...

A: Solution Concept Limited liability means the situation where the liability of the person is limited ...