question 33
Q: Windham Corporation has current assets of $440,000 and current liabilities of $550,000. Windham…
A: The ability of a company to repay short-term loans or those that are due within a year is assessed…
Q: QUESTION 5 If All is not a partner in a General Partnership, but his name was included in the…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: Interview Notes Leon Martin is single and has never been married. Leon earned wages of $23,000…
A: Answer is true. Leon can claim the students loan interest deduction as an adjustment to income on…
Q: Payback, Accounting Rate of Return, Net Present valde, Internal Rate of Retum Follow the format…
A: Time value of money :— According to this concept, value of money in present day is greater than the…
Q: Prepare journal entries for the transactions listed below and post them to the T-accounts. d.…
A: The primary reporting of the business transactions in the books of accounts is referred to as…
Q: Maria Landin is responsible for recording all of the transactions for Marshall’s Home Care, which…
A: These are two different option available to Maria Landin to rectify the accounting error. Option #1…
Q: A division can sell externally for $75 per unit. Its variable manufacturing costs are $42 per unit,…
A: Optimal transfer price for the transferer division would be the minimum transfer price that the…
Q: question 1 ABC Company borrowed $100,000 on January 1, 20X1. Interest is 5% payable each December…
A: Solution.. Amount = $100,000 Interest expense= 5% Time period = 1 year Interest expense = ?
Q: a. Luis is planning on retiring in 10 years. Luis has a mutual fund that is earning a return of 6%…
A: There are two methods of Interest: One is Simple Interest and second is Compound Interest. Simple…
Q: 11. Bolsa Co. estimates that 60,000 special zipper will be used in the manufacture of industrial…
A: CALCULATION OF OPPURTUNITY COST Total amount invested = 60,000 special zipper X P6 per zipper…
Q: Exercise 14-6A (Algo) Working capital and current ratio LO 14-2 On June 30, Year 3, Perez Company's…
A: for the calculating of the current ratio in the working capital both it is important to considered…
Q: Required: Gleason Guitars produces acoustic guitars. The table below contains budget and actual…
A: The budgets are prepared to estimate the costs of production to be incurred during the period. The…
Q: Briefly discuss each of the following principles of corporate liability;…
A: The corporate principle is rules and regulations for the company, These rules, and regulations are…
Q: j) If they use effective interest amortization, how much of the discount (or premium) will they…
A: The effective interest method of amortization determines the portion of interest expense and…
Q: Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods…
A: Lets understand the basics. Inventory turnover ratio indicates how entity is efficient to convert…
Q: Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add…
A: Vertical analysis means the analysis which is done with the figures of one financial year. For…
Q: Penagos Corporation is presently making part Z43 that is used in one of its products. A total of…
A: Relevant cost is the cost which is relevant in decision making. It is managerial accounting term. It…
Q: You are thinking about getting a 30 -year $800,000 mortgage loan at 41/8% interest. Find the…
A: Monthly Installment - It includes a portion of principle payment along with Interest. Monthly…
Q: What is the difference between defined benefit’ and ‘defined contribution’ pension funds. What are…
A: Defined benefit pension funds are typically provided by employers and are based on a formula that…
Q: EasyWriter manufactures an erasable ballpoint pen, which sells for $1.75 per unit. Management…
A: Break-even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…
Q: Last year your construction company had operating revenues of $1,240,000, operating costs of…
A: We have, Operating revenues = $1,240,000 Operating expenses = $520,000 CCA on existing assets =…
Q: 1 Name: 2 Your score: 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30…
A: INCOME STATEMENT Income statement is one of the Important Financial Statement of the Company &…
Q: CorpCo gathered the following information at the end of the current fiscal year: Dividends on common…
A: The P-e ratio or price earnings ratio is the one which is determined to know if the per share value…
Q: Explain briefly the following terms: Discrete and continuous units Equivalent units Scrap Batch…
A: Discrete units: A discrete unit is a distinct, individual item or unit that is easily identifiable…
Q: Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and…
A: Interest on loan for the month of January = $80,000 x 1% = $800 Interest on loan for the month of…
Q: a critical evaluation of the accounting function in informing social needs and expectations
A: Answer:- Accounting meaning:- Accounting is the practice of keeping track of a company's financial…
Q: Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 89,800…
A: Absorption Costing Method :— In this method, product cost is the sum of direct material, direct…
Q: Jane Binyan is single with one dependent and files as head of household. She is the chief financial…
A: Gross income: Gross income is the sum of all forms of income of the taxpayer before claiming any…
Q: artners A and B have a profit and loss agreement with the following provisions: - Salaries of…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: You purchase a home for $436,000 by making a down payment of 15% and financing the remaining amount…
A: Particulars Amount ($) a Value of House 436000 Less: b Down Payment @15% 65400 c…
Q: 15. The income statement of Osborne Company reported net income of $500,000 for the year ended…
A: Answer:- Retained earnings meaning:- The amount of profit a business keeps after paying all of its…
Q: Premium Amortization On the first day of the fiscal year, a company issues a $5,300,000, 10 %,…
A: Issuance of bonds is an alternative method for raising finance for the company. It is also known as…
Q: Calculate Rudolph's return on stockholders' equity for 2002. • Calculate Rudolph's current ratio for…
A: 1. Forrmula = Net income ÷ Average common share holders equity 2. Calculation of Average common…
Q: On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common…
A: STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…
Q: How should the cost of intangible assets with indefinite lives be accounted for? O They should be…
A: the intangible assets are those are said to which do not have the physical existence and they cannot…
Q: If the company pays preferred stock dividends how much will it pay this year? How many shares of…
A: The stockholder’s equity section tells about the total paid in capital and retained earnings that…
Q: Owen, a sole proprietor, owns a bicycle messenger business in New York City. One of his messengers,…
A: Ans: None of these- all are valid justification for a judgement against Owen
Q: weekly salary. Click the icon to view the Married Persons-Weekly Payroll Period. withholding tax is…
A: There are weekly wages paid and from these some amount is withheld by the employer for payment of…
Q: QUESTION TWO The Shatontola Co. Ltd is a single-product manufacturing company, which uses a marginal…
A: Marginal costing is one of the branches of costing. It refers to ascertaining the marginal cost and…
Q: Required information Miami Solar manufactures solar panels for industrial use. The company budgets…
A: DIRECT LABOUT BUDGET Direct Labour Budget is the help to Determine the Requirement of Direct…
Q: Aliy, Bob, and Casily are parts with expital balance of $100,000, S60,000 and $80,000 and who share…
A: In Bonus method when new partner enters in the partnership than contribution made by the new partner…
Q: The type of retirement income plan where the employer assumes the Investment risk is called Multiple…
A: Group RRSP (Registered Retirement savings plan) is a retirement saving plan in which contributions…
Q: Sloan Corporation is considering new equipment. The equipment can be purchased from an overseas…
A: Differential analysis is the comparison between two options with respect to cost and revenue which…
Q: he maximum amount a taxpayer may claim for the lifetime learning credit is: O $2,000 per return.…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal…
A: Payroll taxes are sums deducted as an employer contribution from employee paychecks or collected…
Q: A large hospital has an annual demand for 70,000 booklets on healthy eating. It cost $.75 to store…
A: The quantity of inventory that a company should always have on hand in order to achieve the greatest…
Q: Please provide short answers or by saying YES / NO to the following questions: a) All inter-company…
A: There are different terms that are used in accounting and those terms used in the accounting and…
Q: During January, Deluxe Printing pays employee salaries of $1 million. Withholdings in January are…
A: The expense known as salaries is the regular pay that employees receive. The expense is a…
Q: Question: Prepare a reflection paper that incorporates your answers to the following independent…
A: 1. Ans. If a manager does not have basic accounting knowledge he won’t able to track profit or loss…
Q: Under AASB 119, leave entitlements that may be carried forward to a future financial period if…
A: Leave entitlement means the number of days the employee can take off (holiday) in a year which are…
I need the correct answer on question 33 please?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps