QS 6-3 Cash and equivalents LO C2 Choose from the following list of terms and phrases to best complete the following statements. category includes items that are acceptable for deposit in bank accounts such as customer checks, cashier checks, and money orders. 1.The 2.The term refers to a company's ability to pay for its current liabilities. 3. A a set of approvals and procedures used to control the acceptance of liabilities and cash payments.

Q: Relevant of differential cost analysis takes all variable and fixed costs into account to analyze de...

A: Differential cost analysis is the difference in cost for every alternative which helps in making the...

Q: Activity 1 Instructions: ldentify each of the following accounts as an asset, Liability or Equity. A...

A: Solution Types of accounts  1- Personal account : A- Natural personal account = Its represent to nat...

Q: Daisy Corp. recently completed a 2-for-1 stock split.  Before the split, the company had 10,000,000 ...

A: Stock split: Stock split means dividing current shares into multiple shares. The corporations may i...

Q: INTEGRITY CORP uses a job-order costing. On Jan 31, only Job 101 was the only job in process with an...

A: Manufacturing Cost: The total cost of all resources used in the production of a product is referred ...

Q: Cite a specific example of the application of gross profit variance analysis. How will it help the c...

A: Variance analysis for any variable enables the entity to break down the variable and establish varia...

Q: What is the return on sales for fiscal year 2019 2018?

A: Return on sales=Operating ProfitNet Sales×100

Q: Martinez Corporation had January 1 and December 31 balances as follows. 1/1/20 12/...

A: Opening inventory = $94000 Closing inventory = $108,000 COGS = $440,000 Purchases = Closing balance+...

Q: of production is P2.70. Total 0. The company is currently se

A: Breakeven Point is the where the contribution margin and fixed cost are equal. When the sales in inc...

Q: The normal capacity of the Cutting Department is 12,000 machine hours per month. At normal capacity...

A: The question is based on the concept of Cost Accounting. The difference between the actual amount of...

Q: Is Property Dividends qualify as Revenue?

A: Property dividends refer to the dividend which stands as an alternate to dividends payable in cash o...

Q: Zovio (ZVO) Dec. 31, 2020 Dec. 31, 2019 Cash 69,280 166,307 Accounts receivable, less allowance of $...

A:   Sales means the amount recorded in books as revenue earned by selling the goods or services. Accou...

Q: Accounting Apparel completed 3,600 expensive bags during the 1st quarter of the current year.  The f...

A: Solution Gross profit = sales - cogs. Note = Allowance related to spoilage has not been included in ...

Q: Zachary Transport Company divides its operations into four divisions. A recent income statement for ...

A: Avoidable cost : Salaries for drivers Fuel expenses Insurance Division - level Facility - sustainin...

Q: od and Joseph are partners with capital balances of P1,600,000 and P2,400,000 respectively. They sha...

A: Solution Given Capital balance of Jacob 1600000 Joseph 2400000   Joshua is admitted ...

Q: a. Benson has excess capacity and receives a special order for 7,000 clocks for $21 each. Calculate ...

A:

Q: SportsWorld purchased property for $100,000. The property included a building, parking lot, and land...

A: As posted multiple independent questions we are answering only first question kindly repost the unan...

Q: Victorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following...

A: Calculation of Total manufacturing cost per unit     (Amount In P) Direct material Cost per uni...

Q: Suppose Alexa has a weekly paycheck with gross earnings of $1,234.00 and is single with no dependent...

A: Payroll refers to the payment to be made by the employer to the employees for the services rendered ...

Q: Compensation of key management personnel: Group 2014 2013 Parent 2014 2013 Short-term employee benef...

A: Compensation to key management personnel An entity is required to disclose compensation to key manag...

Q: A loan of $2500 was repaid at the end of 39 weeks with a check for $2812.50. What annual rate of int...

A: Loan amount (P) = $2500 Repayment after 39 weeks (A) = $2812.50 Interest Paid = (A - P) = $2812.50 -...

Q: Bradford Company uses a job-order costing system and has two manufacturing  departments: Molding and...

A: Answer -  a) Plantwide predetermine overhead rate = (15000*4.5 + 29000*4.5 + 700000)/44000 = 20.41 p...

Q: ovak Company buys merchandise on account from Bramble Corp.. The selling price of the goods is $1,35...

A: Solution Given Novak Company buys merchandise on account from Bramble Corp The selling price of the ...

Q: Madam Phew is one of the developer company directors, Availing Property Sdn Bhd. Madam Phew acquired...

A: Introduction: An income tax is a tax placed on individuals or businesses (taxpayers) based on their ...

Q: inancial information extracted from Ukulel ary ledger and general ledger at September scal quarter o...

A: Days past due Amount Due Percent Uncollectible Allowance for Doubtful Accounts  1-30  $      15,00...

Q: On december 31, 2017, Precious Company sold an equipment with carrying amount of 2,000,000 and recei...

A: Solution Given Annual payment 500000 Number of years 10 years Note issue date Dece...

Q: On January 1, 2020, CDO Corporation created a special building fund by depositing a single sum of P1...

A: Trust Fund: It is the fund  containing assets  that is held by the trustees for the beneficiaries. I...

Q: Frontier Park was started on April 1 by C. J. Mendez. The following selected events and transactions...

A:   Journal entries means the book of prime entry including debit and credit item. Adjusting entry mea...

Q: Determine the COGS based on the given info: Sales - P424,000 Beginning inventory - P45,000 Purchases...

A: Gross profit = Net Sales - Cost of goods sold Cost of goods sold = Net Sales - Gross profit

Q: Miracles Manufacturing Co. manufactures a lifting equipment.  One order from Heaven Company for 3,00...

A: Solution Unit cost is a total expenditure incurred by a company to produce , store and sell one unit...

Q: What variable affecting gross profit should the manager focus his attention? Why?

A: Gross Profit is the profit arrived at by deducting cost of goods sold from the turnover or the sales...

Q: War Room Company manufactures fire extinguisher per the design and specification of its customers, a...

A: rework cost inclued in cost per unit if it's normal. If rework is abnormal then it will not charge t...

Q: Practice 2.9 - Record journal entries in the general journal for Catalina Corp. 8/1 8/2 8/3 8/4 8/5 ...

A: Journal entries :- A Journal entry records a business transaction in the accounting records of a bus...

Q: MainCo Company's accounting policies require the company to maintain a petty cash balance of $235. M...

A: Answer) The correct option is: Account Titles  Debit  Credit Office Supplies expense ...

Q: Inventories Thor company included the following items in inventory: 1,960,000 280,000 Raw materials ...

A:     Raw Material 1,960,000 Advance for material ordered 0 Goods in Process 910,000 Unexpired...

Q: 22. SONA Co. received an order for 1,000 units of item AY-14.  Because of the order’s exacting speci...

A: Effective cost per unit is calculated for measuring the actual cost incurred for the production of e...

Q: Non-market based performance conditions include vesting based on achieving all of the following exce...

A: Solution Note : dear student as per the Q&A guideline we are required to answer the first questi...

Q: Emily in Pares, a French-Filipino fusion restaurant owned by Émilie Joy Marie Batumbakal, has the fo...

A: Gross profit = Net sales - Cost of goods sold where, Net Sales = Sales - Sales return and allowances...

Q: Corp produces 200 units of A and 100 units of B products. Final sales amount of A is 9,000. Joint co...

A: solution given Number of units of A 200 units Number of units of B 100 units Final s...

Q: Love Inc. believes that at its current share price of P16.00 the firm is undervalued. Makeover plans...

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

Q: The December 31, 2024, adjusted trial balance for Badger Corporation is presented below.   Account...

A: BADGER CORPORATION Income Statement For the Year Ended December 31, 2024 Service Revenue    $ ...

Q: ABC Company granted 100 share options to each of its 200 employees on January 1,2019. The option pla...

A: Number of employees expected to exercise share option as on  December 31,2019 = 200 - 10 - 10 = 180 ...

Q: 1. Revenue calculation. 2. Calculation of The activity rate for each activity cost pool. 3. Computat...

A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first three ...

Q: What was the total of direct expenses for July 2010? €13 674 €12 148 €12 812

A: Solution Concept Direct expenses                 Those expense which can be directly trace to the pr...

Q: calssify the following expenses between selling expenses and general and administrative expenses. re...

A: Indirect expenses can be classified into three part:  (1) Factory expenses (2) Office and administra...

Q: Which of the following reclassifications of financial assets is permitted under PFRS 9? a. reclassif...

A: A financial asset is a liquid asset whose value is derived on a contractual right or ownership claim...

Q: The processing of Salvation Company's manufacturing passes through two departments, Department 1 and...

A: According to the question there are requirement to find the following things: in Job IABF:   1. In D...

Q: Sheffield Co. reported $158,600 of net income for 2020. The accountant, in preparing the statement o...

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the so...

Q: difference between l

A: Loan Review: A vital component of Effective Portfolio Risk Management. Effective loan portfolio mana...

Q: Kopi Nguyen Bhd, resident company of Malaysia and is currently runs a franchise business

A:                                          In Malasia resident corporations making payments of interes...

Q: Figinal Investment usa contributed land, inventory, and P280,000 c pok value of P650,000 and a marke...

A: Partnership: This is the form of business entity which is formed by an agreement, owned and managed ...

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.