Provide the pros and cons of Sarbanes –Oxley Act (SOX).

Q: Mauro Products distributes a single product, a woven basket whose selling price is $12 per unit and ...

A: Formula: Break even point in units =Fixed cost / Unit contribution margin

Q: On June 1, 2019, YODA CORP. acquired a 5-year, 10%, P1,000,000 face value bonds at 92. The company p...

A: Accumulated other comprehensive income (OCI) includes unrealized gains and losses reported in the eq...

Q: 45000 65000 p00 190000 160000 (2010) Physical Asset Management 3,140/yr

A: Step 1 Economic life is the life of an asset till the time it can be used.  The EUAC of the defende...

Q: QUESTION 8 Total Per unit Sales revenue (30,000 units) $750,000 25 Variable costs 450,000 15 Contrib...

A: The contribution margin is a measure that measures how much a company's net sales contribute to fixe...

Q: A company reported the following data: • Sales price per unit: $10 • Fixed cost per month: $20,000 •...

A: Formula: Contribution margin = Sales price - variable cost

Q: As a financial analyst working for CSFB your job is to evaluate the equity value of the WIFI Inc. Yo...

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

Q: On January 1, 200A, ABC rendered services to XYZ at a price of P450,000. ABC received P500,000 5-yea...

A: ABC delivered services to XYZ at a cost of P450,000, as stated on January 1, 200A. XYZ issued ABC a ...

Q: In the bottom-up approach basically uses historical data from similar engineering projects to estima...

A: The correct option with proper explanation are as follows.

Q: jenge Bank has the followin parentheses. Assets Cash OECD Interbank deposit

A: Business loan- A business loan, also known as a commercial loan, is a type of financing used to cove...

Q: Select financial information from Marshall Inc. is shown below: 2022 2021 Receivables $423,018 $376,...

A: Average Accounts Receivables = Opening accounts receivables + Closing accounts receivables2        ...

Q: Company X produces radio equipment. The company is considering the use of high-quality materials to ...

A: Advertising costs are the part of Fixed operating costs that are incurred irrespective of the level ...

Q: of the country to treat road surfaces. Suppose you have been asked to provide a list of factors to c...

A: Cost considerations: Combination of beet juice and rock salt will be costlier when compared to the r...

Q: Prepare a bond amortization table for the bond. Journalize the following entries Issue of the bond...

A: Solution:- Given, Augusta corporation issued 5,000,000 of 4% 10 year bonds paying interest semi annu...

Q: ABC Corp issued a bond with a maturity of 12 years. It has a 9 percent annual coupon, a yield to mat...

A: Answer) Calculation of Coupon Payment Coupon Payment = Face Value of Bonds X Coupon rate Coupon Paym...

Q: Explain why, for large corporations, we should expect a low pay-performance relationship

A: In accounting pay performance relationship refers to the relationship between pay level of employees...

Q: Name the pieces of required information needed to file a limited liability company in the state of N...

A: A limited liability company (LLC) is a type of legal entity used to organize a business. It combines...

Q: The following information is made available in relation to the defined benefit plan of Marcos Compan...

A: RECONCILITION OF PLAN ASSETS        PARTICULARS PLAN ASSETS FOR YEAR 2022   FAIR VALUE AS ON...

Q: Prepare a journal entry to record the purchase.

A: The cost of land purchased would be split between intangible assets of surface rights and mineral ri...

Q: Compared to companies that have a cost structure that is mainly comprised of variable costs, compani...

A: Ans. Mostly companies incur two types of cost - Variable cost or fixed cost. Variable cost changes w...

Q: d manufacturing cost per output unit $160.00 The denominator level for total manufacturing overhead ...

A: Note: As per our guidelines only the first three subparts will be solved   1. Particulars Per un...

Q: Operating expenses on the income statement for financial reporting included $10,000 of advertising c...

A: calculation of variable advertising cost per unit are as follows

Q: Dear Bartleby, could you please assist me with solving this question and please provide the calculat...

A: Annual Report: Annual reports, or yearly reports, are extensive archives intended to furnish the use...

Q: A company issues 6% bonds with a par value of $100,000 at par on January 1. The market rate on the d...

A: Par value of bond = $100,000 Coupon rate = 6% Semi annual coupon rate = 6%/2 = 3%

Q: APPLE Company leased a manufacturing machine from 123 Company on 1/1/2020 for 10 years. The lease te...

A: A. The lease type is a Finance lease as the useful life if the asset is equal to the lease term. Hen...

Q: On July 31, the end of the first month of operations, Rhys Company prepared the following income sta...

A: The variable costing income statement is prepared with assumption of fixed manufacturing costs as pe...

Q: A. Determine the income (loss) before income taxes for the year 2011 under Absorption Costing?

A:

Q: Use the following information to calculate total ending cash and equivalen Beginning Cash and Equiva...

A: A cash flow statement is a financial statement that outlines a company's cash inflows from ongoing o...

Q: During the first week of February, Gabe Hopen earned $300.  Assume that FICA taxes are 7.65 percent ...

A: FICA Taxes payable= $300 x 7.65% = $22.95 State unemployment taxes payable= $300 x 5% = $15.00 Feder...

Q: The following costs pertain to Juan Corporation’s only product Leather: Direct Materials P 10.00/uni...

A:                                   Variable costing only considers variable cost of production keepin...

Q: Adnan's trial balance has been completed and extended. The totals of the income statement columns an...

A: Introduction: Income statement: All revenues and expenses are shown in income statement. It tells th...

Q: Krueger Corporation manufactures a single product whose selling price is $134 per unit and whose var...

A: Contribution margin ratio = Contribution margin / Sales where, Contribution margin = Sales - variabl...

Q: Harrington Manufacturing Inc. began operation 5 years ago producing the probo, a new type of instrum...

A: Self Constructed asset is the asset built by the management to be used in the business, costs of sel...

Q: You have been assigned to audit the financial statements of TRUE CORPORATION, a real estate develope...

A: It is an agreement between two parties of a transaction, in which one party lends money from other p...

Q: Elaborate Functions of Accounting

A: The accounting is a process to identify the business transactions, record the transactions and prepa...

Q: Adnan's trial balance has been completed and extended. The totals of the income statement columns an...

A: A basic Accounting equation is given as under.   Assets = Equity + Liabilities    Meaning,  Total As...

Q: If the firm's dividend policy was based on a constant payout ratio of 50 percent for all of the year...

A: If the firm's earnings are more than P1.5 per share, the dividend payout would be 50%. Otherwise, th...

Q: On June 1, 2019, YODA CORP. acquired a 5-year, 10%, P1,000,000 face value bonds at 92. The company p...

A: As per IFRS 9, a debt financial instrument is measured at fair value through OCI if it satisfies the...

Q: Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average ...

A: Under weighted average method, equivalent units is calculated basis closing WIP and transferred unit...

Q: o. Reconcile the variable costing income from operations of $357,500 with the absorption costing inc...

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

Q: Rahim and Karim undertook jointly to build a house for a company at an agreed price of Tk. 60,000, p...

A: Joint venture Account : On the debit side of this account all expenses (paid personally by the co - ...

Q: Noel Stewart has estimated that the total fixed costs for his department are £10,000.He also estimat...

A: Lets understand the basics. Fixed cost is a cost which fixed for any output level. For calculating f...

Q: The following data refer to Solaris Power Ltd for the financial year ending 31 December 2021: Sales ...

A: Overhead is applied to the manufacturing process using a predetermined overhead rate. Since actual o...

Q: Required: 1. Compute the following ratios as of the end of 1990 or for the vear ended December 31, 1...

A: The respective ratio calculation with the formula used is given as under. 

Q: The initial amount of the note receivable is (Round off the resulting present value of the note to t...

A: The initial amount of notes receivable is calculated as present value of the installment payment. Th...

Q: 28. A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The...

A: There are 3 golden rules in accounting for passing journal entries : 1. Debit what comes in , Credi...

Q: Hartley Auto Supply delivers parts to a rea autoservice centers and is replacing its fleet of delive...

A: Given information is: Vehicle purchase cost = $25000 Operating cost per mile = $0.13 Useful life = 1...

Q: a. What is the Sarbanes –Oxley Act? (SOX) b. What are the highlights of SOX c. What are the costs ...

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

Q: Wendy has been a member of an occupational final salary defined benefit pension scheme for 20 years....

A: Expected Pension =  (Final average salary/80) * Number of years

Q: 4. This tells you what part of each peso of sales the company retained as profit. It is a very handy...

A: Ratio analysis includes computing of rations by using financial statements elements to compare one a...

Q: In divisional income statements prepared for LeFevre Company, the Payroll Department costs are charg...

A: Cost allocation refers to the process where the cost incurred by a service department is distributed...