Provide a 150 words reflection/key takeways about Cost and Performance Monitoring in Distribution Management
Q: The rent expense of the lessee maybe composed of the following: I. Straight-line amortization…
A: Rent expense is a type of fixed operating cost or an absorption cost for a business, as opposed to a…
Q: Dark Inc. paid P72,000 to renew the only insurance policy for three years on March 1, 2021, the…
A: Prepaid expense is the amount of expense that is paid before the due date or paid in advance.
Q: Put this transaction on the accounting equation: Invested R500000 into capital as a fixed deposit
A: Accounting equation is one of the important part of accounting. Three main and important elements of…
Q: Which of the following causes a change in cash? O Accrual of interest payable. O Recording of…
A: Accrual of interest payable. Interest expense and interest payable increases Recording of…
Q: A company provided the following results from It's operations: Total Sales $400,000 Variable…
A: Lets understand the basics. Contribution margin is a margin generated from sales. Contribution…
Q: true or false? Gains and losses are allocated over the interim period in the preparation of interim…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: Which is FALSE? S1 – A Notice of Discrepancy needs to be settled within 30 days from receipt of…
A: Notice of discrepancy refers to the written notice which is issued through BIR informing the…
Q: Ludwig Company's prepaid rent was $9,000 at December 31, 2020, and $13,000 at December 31, 2021.…
A: Cash flows from operating activities: It is a section of the Statement of cash flow that explains…
Q: Briefly discuss why an intra-group sale of a non-current asset needs to be adjusted for within the…
A: An intra-group sale of a non-current asset needs to be adjusted for while preparing consolidated…
Q: Coke Company had 2 million shares of common stock outstanding all through 2020. On April 1, 2021, an…
A: Formula: Earnings per share = (Net income - Preferred dividend) / Weighted average outstanding…
Q: The general ledger of JEONGCHEOL INDUSTRIES showed the following balances: Dr Cr Cash Accounts…
A: Cash balance: It implies to the cash including coins, paper notes, cheques, money order, etc, that…
Q: RUE OR FALSE? The cumulative effect of change in accounting policy is shown in the income statemen
A: Solution Concept Accounting policy refers to the principles that is used in the presentation and…
Q: On January 1, 2021, Jason Corp. purchased 5-year bonds with a face value of P10,000,000 and a stated…
A: When bonds were classified based on business model of collecting contractual cash flows and to sell,…
Q: Green Company overstated its inventory by $50 million at the end of 2021. The discovery of this…
A: As per IAS 8, Accounting policies, changes in accounting estimates and errors If material error…
Q: 1.Beloit Co. is a manufacturer of mini-doughnut machine makers. Early in 2018 a customer asked…
A: Given: Required rate of return on investment = 18% Expected Annual Operating cashflows = $ 140,000…
Q: 54. Statement of Financial Position 2021 2022 2023 Assets Current Assets Cash and…
A: The net income of the company means the income that is calculated after deducting all the expenses.…
Q: Juan Company purchased four convenience store buildings on January 1, 2015 for a total of…
A: Impairment is done when book value of an asset is more than it's recoverable value. In that case the…
Q: Happy Inc. provided the following information: Beginning balance of Accounts receivable P5,000,000…
A: The accrual basis accounting records the revenue and expenses of the current period when they are…
Q: (Adjustment of accumulated profit and reserves) A, B and Care partners sharing profit and losses in…
A: Partnership means where two or more partners agree to do the business jointly and share profit and…
Q: Exercise 3 -7 1. Martin and Isidore form a partnership with investments of P 1,000,000 and P 500,000…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: n June 15, 2022, Lucas Corporation accepted delivery of merchandise which it purchased on account.…
A: Purchase of inventory on account results in: Increase is Assets by the purchase price as inventory…
Q: 4. OHW Company's debt to equity ratio is 0.6. Current liabilities are P120,000, long term…
A: Solution Concept Mathematically Working capital = current assets – current liabilities…
Q: Direct materials are placed into production at the beginning of the process. All spoilage is normal…
A: The equivalent units are calculated on the basis of percentage of the work completed during the…
Q: Sean was negotiating his salary and benefit package with South Beach Hospital. First, South Beach…
A: In this question, the First offer is when sean has been offered a salary of $75,000 per year, but…
Q: EM Co.'s budgeted sales and budgeted cost of sales for the coming year are P212,000,000 and…
A: Solution Concept Inventory turnover ratio means the frequency company replaces its inventory…
Q: On January 1, 2021, Gringo Company had capitalized cost of P5,000,000 for a new computer software…
A: Units of activity method is a depreciation method in which the depreciation is calculated based on…
Q: A liability in 2021 is reported for financial reporting purposes but not for tax purposes. When this…
A: Deferred tax is the amount of future tax payable due to difference in the taxable income of current…
Q: A lease agreement whereby the lessee recognized rent expense which is always equal to the rent…
A: Lease is an agreement between two parties whereby one party gives its asset for use to other party…
Q: Explain and what is the calculation of the following. Medicare Levy Surcharge Total Tax Liability…
A: Medicare Levy Surcharge (MLS) : The Medicare Levy Surcharge (MLS) is an additional tax on your…
Q: The QYU, Inc. has sales of P5 million per year (all credit) and an average collection period of 35…
A: The average collection period is an accounting metric used to represent the average number of days…
Q: t $12 par common stock outstanding. If the company decides to buy 20% of its shares for $15 per…
A: The total shareholders equity is the s outstanding share multiply by the price of the share . when…
Q: Problem 9-2 (IAA) Hesay Company provided the following information for the current year: Sales…
A: Cost of goods sold- The cost of goods sold is the cost of producing the goods that a business sells.…
Q: Exercise 3 -7 1. Martin and Isidore form a partnership with investments of P 1,000,000 and P 500,000…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: gross
A: a) For the month of January, Mary's take-home salary would've been $14,560. To get at this figure,…
Q: A taxable income always results when a. none of the choices. b. revenues exceed the cost of goods…
A: Taxable income is the value at which the tax is calculated by the company.It is calculated by…
Q: 8. S1: Fringe benefit that is exempt from fringe benefit tax is likewise exempt from any other…
A: S1: Fringe benefits tax (FBT) was a form of tax that companies paid in lieu of benefits they offered…
Q: /Quiz FIN 204/E2 Financial Management I. Recognize revenue when it is fully earned. II. Match…
A: The accounting is a process to classification the transactions, record the transactions and prepare…
Q: In 2009, Bratz, Inc.’s net profit before tax was P35 million while its operating expenses was P31…
A: Net earnings are profits after deducting the GP's operational expenditures. To calculate the ending…
Q: When computing diluted earnings per share, which of the following will not be considered in the…
A: Diluted earnings per share are calculated considering the potential common shares or convertible…
Q: On January 1, 2021, Raffy Company took out a loan of P24,000,000 in order to finance specifically…
A: The borrowing costs are the interest cost for the loans obtained. The borrowing costs are normally…
Q: A liability in 2021 is reported for financial reporting purposes but not for tax purposes. When this…
A: As per IAS 12 Income taxes, When carrying amount of liability as per books(financial reporting…
Q: Allen Inc. took out a 1-year, 8%, $100,000 loan on March 31, 2018. Interest is due upon maturity of…
A: Time period from April 1,2018 to December 31,2019 = 9 months
Q: 4. When her granddaughter was born, Melax, invested P 20 000 at 12% compounded quarterly. How much…
A: Given data, Investment (P)=20,000 m=compounded quarterly =4 t=18 years Therefore, n =tm = 18 *4 =72…
Q: What is a Balance Sheet
A: A balance sheet's components Asset: Liability: Owner's equity:
Q: $40,000 6,000 Net income Depreciation 2,000 (800) 1,800 8,000 Increase in accounts receivable…
A: Net cash provided by Operating activities = Net Income + Depreciation expense - Increase in accounts…
Q: 3. Maricel borrows P 10 000 with interest at 15% compounded monthly. How much should she pay at the…
A: Given information P=P 10 000 t = 2 years and 6 months m = 12 Therefore, n =tm =12 * 2.5…
Q: A period between original acquisition and final disposal of an asset over its succession of owners.…
A: Assets are the rights and resources of the business, on which it has right to use and right to sell.…
Q: Juan Company purchased four convenience store buildings on January 1, 2015 for a total of…
A: Impairment loss = Carrying value of the assets - Recoverable value of the assets where, The…
Q: A resident foreign corporation received 900,000 dividends from a domestic corporation. How much…
A: Resident foreign corporations (i.e. foreign corporations engaged in trade or business in the…
Q: Blossom Company reported the following information for November and December 2022. November December…
A: Ending inventory is the price of factors handy there at cease of a reporting period. For a company…
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- Cost of quality and value-added/non-value-added reports for a service company A. Using the information in Exercise 17, identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. B. Prepare a cost of quality report. Assume that sales are 5,000,000. (Round percentages to one decimal place.) C. Prepare a value-added/non-value-added analysis. D. Interpret the information in (D) and (C).13. In deciding whether to produce a part internally or buy it from an external source, a cost that is irrelevant is: i. direct materials ii. avoidable costs iii. cost that will continue irrespective of decision made iv. common or allocated fixed costs Multiple Choice a)iii only b)iii and iv c)i only d)i, ii and iii e)ii and iii33 - i. They can be made into products of the desired quality by undergoing additional processes. ii. The expenses incurred for the additional transactions to be made must be economical. iii. They cannot be sold as solid products. Which of the following is true regarding defective products? a) i and iii B) only ii NS) ii and iii D) i and ii TO) only i