Properly designed performance measures will help move the company toward meeting the goals of its strategic plan.

Q: Unruh, Grey, and Carter are partners with capital balances of P80,000, P200,000, and…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Shadee Corp. expects to sell 630 sun visors in May and 410 in June. Each visor sells for S24.…

A: Formula: Budgeted sales value = Sales units x Sales price per unit

Q: Bookworm Corporation maintains ending inventory for each month at 5% of the following month's sales.…

A: Units produced in March = Units sold in March + Desired Ending inventory - Beginning inventory…

Q: Sheffield Consulting Inc's gross salaries for the biweekly period ended August 24 were $12,500.…

A: Salaries expenses include the following deduction = CPP Payable + EI payable  + income tax payable…

Q: Andrew is a successful barrister working in London; he owns his own house.  His parents are both…

A: A will is a legal document that allows a person, known as the testator, to make decisions about how…

Q: Convertible preferred stock Valerian Corp. convertible preferred stock has a fixed conversion ratio…

A: Conversion value of preferred shares =  Purchase price x Conversion ratio    Here conversion ratio =…

Q: Unruh, Grey, and Carter are partners with capital balances of P80,000, P200,000, and…

A: The partnership comes into existence when two or more persons agree to do the business and further…

Q: On January 1, 2019, Ciara Corporation acquired an equipment to be used in its manufacturing…

A: Given information, Useful life =10 years Residual value =P50,000 Depreciation for the year 2021…

Q: purchased Y Company at a cost that resulted In recognition of goodwill at 10 million having an…

A: there are two types of assets one of them is intangible assets and other is tangible assets.…

Q: Use this information for Bonny Company to answer the question that follows. The standard costs and…

A: Except for direct materials and direct labor, factory overhead refers to all production costs. The…

Q: Annual demand in units 260,000 units Working days per year Lead time in days 260 12 Ordering cost…

A: Economic order quantity also known as economic purchase quantity, is the order quantity that…

Q: Montana Incorporated began the year with a retained earnings balance of $50,000. The company paid a…

A: Lets understand the basics. For calculating ending balance of retained earnings, we need to use…

Q: Three advantages of forming a company​​​​​

A: As per the guidelines, only one question is allowed to be solved. Please resubmit the questions…

Q: Miguel receives tangible personal property as an inheritance in 2019. The property was depreciated…

A: Introduction A section 1231 property is defined as a depreciable business property held by a…

Q: Revenue expenditures: Multiple Choice Are costs that do not materially increase a plant asset's life…

A: Capital expenditures are the ones that increase the asset life and debited to the cost of assets.

Q: What are the benefits of comparing a firm’s current financial information with information for…

A: Financial info on a person's or company's business financial transactions. Creditors and lenders use…

Q: 1.If an employee works two jobs at two different wage rates for the same employer during the same…

A: Overtime pay seems to be the remuneration you earn for working outside of your typical working…

Q: Denver, Incorporated, has sales of $27 million, total assets of $24.9 million, and total debt of…

A: Net income is the amount of accounting profit that a firm has left over after paying all of its…

Q: The petty cash fund of Liwanag Company on December 31, 20XX is composed of the following:…

A: A petty cash fund can be described as a fund established by the company to meet small expenses like…

Q: 2. Grouse, Flicker, and Partridge are partners sharing profits and losses 20/40/40 respectively.…

A: Liquidation- Liquidation is the process of converting non-liquid assets to liquid assets...that is,…

Q: What economic concept relates a cut in prices to an increase in demand? Explain how to use this…

A: Core of business relationship between price and demand of product

Q: A jewelry store sells diamond rings, silver charms, gold bracelets and pearl necklace. The…

A: Solution Introduction Mark up on cost Mark up on cost means the profit margin is added as a…

Q: Solve for ERR If 25% Mimimum Attractive Rate of Return 13% Interest Rate External $7.250.00 Excess…

A: Calculation of ERR

Q: n two securities T, and T2, he al nount he wishes to invest betw. olution of the securities for the…

A: As per protocol, allowed to answer three subpart and post the remaining in the next submission.

Q: Smith Wesson Net income $10,000 $100,000 Net sales 50,000 400,000 Calculate the profit margin ratio…

A: The profit margin ratio, also called as the return on sales ratio or gross profit ratio, is a…

Q: Which one of the following represents the highest effective interest rate per yea

A: Here we will have to convert each option to its EAR i.e. effective annual rate. The compounding…

Q: Rapir khe system if the software will save the company Php150000 per year for the next 5 years? Use…

A: The maximum amount that the company can afford to spend will be amount accumulated at the end of 5…

Q: Problems 827 Wal-Mart Stores, Inc. Target Corporation Total assets Total stockholders' equity…

A: Solution:- a)1-Calculation of Current ratio as follows under:-

Q: Solve for ERR: 25%Minimum Attractive Raye of Return 13% Interest Rate External $7,250.00 Excess…

A: Concept of ERR

Q: You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500…

A: In Contribution margin income statement, operating income is calculated by reducing fixed costs from…

Q: Pharoah Corp. has collected the following data concerning its maintenance costs for the past 6…

A: Highest activity = 48,200 units Lowest activity = 21,700 units

Q: If you are saving the same amount each month in order to buy a new BMW car when the new models are…

A: Saving is the amount left aside or left over for some purpose. The saving is an idle amount which is…

Q: In your words, what is the legal responsibility of the auditor?

A: Auditors are the authorized individual to examine the financials or accounts of the companies and…

Q: Smith Wesson Net income $10,000 $100,000 Net sales 50,000 400,000

A: Formula: Profit margin ratio = ( Net income / Nets sales ) x 100

Q: ts accounts receivable, marketing principles such as the five C’s of Credit are employed. For…

A: The five C's of credit reflects the credit rating norms used by financial institutions to check the…

Q: Hunt Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax…

A: Taxable income is the one upon which a certain tax percentage will be applied to be paid to…

Q: Apex Company prepared the statement of cash flows for the current year that is shown below:   Apex…

A: Free cash flow means cash generated from operating activities after the payment of capital…

Q: Selected ledger account balances for Business Solutions follow. For Three Months For Three Months…

A: Under straight-line method, depreciation expense for a given year is equal to 4 times the…

Q: What is the tax liability (as a percentage of taxable income) if the customary deductions are taken…

A: Taxable income is the income on which a corporation have to pay tax to the government as per the tax…

Q: Rembrandt Company acquired a plant asset at the beginning of Year 1. The asset has an estimated…

A: The straight-line method of depreciation is a way of allocating the cost of assets over their useful…

Q: Presented below is information for Chivu Company for the month of March 2020: Cost of goods sold…

A: The income statement is prepared to record the revenues and expenses of the current period.  The…

Q: An entity records on December 31, 20x1 show the following account balances: Trade accounts…

A: Liabilities are the obligations or dues which needs to be settled down or being paid by the…

Q: Tuao, employs Amelia Rodriquez as Branch Manager and Mary Gonzales as her sales assistant. The…

A: Internal control is a process, performed by a board of directors of business, management and other…

Q: Prepare the journal entry to record the accrual of interest and the discount amortization on…

A: when bonds are issued at discount then interest expense equals cash interest paid and discount on…

Q: You decide to start selling Stress Relief Aromatherapy Eucalyptus and Spearmint Candles. The label…

A: Copyrights are the assets which are intangible in nature and gives the right to the owner to use it…

Q: On December 1, Daw Company accepts a $44,000, 45-day, 12% note from a customer.

A: Formula: Interest amount = Notes value x Interest rate x Time period

Q: g skills regarding screening and preference methods to decide on the best system for the company.…

A: Introduction: The time value of money states that the value of today's dollar in more than the value…

Q: _______ Must receive dividends before common stockholders

A: Preferred stockholders are the class of shareholders that have a right to receive dividend in…

Q: Machinery purchased for $60,000 by Tom Brady Co. in 2016 was originally estimated to have a life of…

A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…

Q: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is…

A: Formula: Depreciation per mile = ( Asset value - Salvage value ) / Total Estimated miles