Real estate investment trusts:
Q: A company has fixed costs of $270,000, a contribution margin per unit is $14, and contribution…
A: Target contribution margin = Target income + Fixed cost = $60,000 + $270,000 = $330,000
Q: Problem 1. The stockholders' equity section of MaiStyle Corporation's balance sheet at December 31…
A: Stockholders equity section is to be divided in three parts which shows the common stock , preferred…
Q: a. If Canace Company, with a break-even point at $244,200 of sales, has actual sales of $370,000,…
A: Introduction: Margin of safety: Deduction of Break even sales from the current sales value Derives…
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A: Journal entries are recorded in the books of an entity so as to maintain a proper record of…
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A: Concept of deductibility of insurance premium.
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A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: The standard cost of product 777 includes 2.1 units of direct materials at $6.00 per unit. During…
A: Materials price variance = (Standard price - Actual price) x Actual quantity Materials quantity…
Q: The following balance sheets were taken from the records of Blalock Company: Blalock Company…
A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…
Q: Lathrop Inc. purchased equipment on January 1, 2020, for $150,000 cash plus a note payable. The fair…
A: Date Accounts, explanation and title Debit Credit 1 January 2020 Equipment (542,666 -…
Q: materials purchased and used 16,500 pounds The standard cost card shows that a finished product…
A: Solution... Standard rate = $5 Actual rate = $5 * 96% = $4.80 Standard quantity = 4,000 units *…
Q: In depreciation analysis, the method that will yield the highest book value at the end of n years is…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Sale of real estate is subject to VAT. True, if not made in the regular course of trade or…
A: Answer:- VAT definition:- A value-added tax (VAT), is a form of that that is levied gradually. It…
Q: A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost…
A: GIVEN A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and…
Q: QUESTION 24 On January 1, 2015, a company issues 5-year bonds with a stated interest rate of 6% and…
A: On maturity the bonds will be redeemed at its face value. Only at time of issue of bonds their…
Q: Required information [The following information applies to the questions displayed below] Fitness…
A: Solution... Net operating income = $27,840 - $3,480 = $24,360 Average operating assets =…
Q: Fruity Delight produces two products – fruit juice and fruit pulp – from a joint process. The joint…
A: The decision of further processing of joint products is based in incremental analysis. If the…
Q: Production Budget Palmgren Company produces consumer products. The sales budget for four months of…
A: Solution:- Preparation of a production budget for the third quarter of the year as follows under:-…
Q: PREPARE BRS? Bank Balance = $4,487 Book Balance = S$5,899 Interest income = $35 %3D Deposit in…
A: Introduction: Bank reconciliation statement: To Reconcile between the cash and pass book balances…
Q: not wish to commit to a renta d contribute $178,000 per mo , what is the net amount of C
A: The answer has been mentioned below.
Q: Sheridan Corporation is projecting a cash balance of $32,100 in its December 31, 2019, balance…
A: Cash budget means the statement which shows the expected cash available for distribution including…
Q: 1
A: The sharing of profit and loss in accordance with the profit and loss sharing ratio.it completely…
Q: Palmgren Company produces consumer products. The sales budget for four months of the year is…
A: Working Note: Beginning inventory for July = Unit sales needed for July x 20% = 32,000 x 20% =…
Q: Zorzi Corporation purchased a Machine on January 1, 2017 for $80,000. The machinery is estirnated to…
A: Formula used: Depreciation rate = ( 100 / Useful life years ) x 2
Q: Mulroy Inc. is a privately held corporation that owns 5 car dealerships. On February 2, 2022 the…
A: According to IAS, when the performance obligation is fulfilled then the revenue shall be recognised.…
Q: Require: 1. Analyze the following transactions and use the table below. 2. Indicate increases by…
A: Accounting equation says that total assets should always be equals to total liabilities and…
Q: 2B) A company revalues its buildings and decides to incorporate the revaluation into the financial…
A: Given that, Cost of building = $1,500,000 Depreciation = $450,000 Depreciation rate = 2% per…
Q: In a market with a binding price ceiling, an increase in the ceiling will ______ the quantity…
A: Price ceiling is a method used by the government to regulate price of the product in the market. It…
Q: A company had the following cash flows for the year: (a) Purchased land, $60,000 (b) Borrowed from…
A: CASH FLOW FROM FINANCING ACTIVITY COVERS REVENUE EARNED OR ASSETS SPENT ON FINANCING ACTIVITIES…
Q: The company was organized on January 1, Year 1. The firm was authorized to issue 500,000 shares of…
A: The dividend is paid to the shareholders from the retained earnings of the business. The treasury…
Q: Cante purchased 80% of Loupe for $600 000 two years ago when Loupe's retained earnings showed a…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Using the folowing information, prepare a bank recorciliation. • Bank balance: $4,687 • Book…
A: Introduction: BRS: BRS stands for Bank Reconciliation statement. To reconcile the difference between…
Q: QUESTION 14 A year-end balance sheet includes the following information for Owners' Equity: Common…
A: Treasury shares are organization own shares acquired by itself. These are to be measured at cost.…
Q: A company had the following amounts at the end of the year: Cash $ 11,200 Income Tax Expense 1,500…
A: Income statement: The income statement shows the company's revenues and expenses earned during the…
Q: Sheridan Incasements manufactures protective cases for MP3 players. During November, the company’s…
A: Given, Actual Direct Labor Hours = 830 hours more than Budgeted Hours = 830 hours + 25,820 hours…
Q: Consider the following flyer that you just received. "We have good news, Eric Moon! Your credit…
A: Annual Percentage Rate is the rate of interest that is charged yearly sum due by the lender on the…
Q: At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $440…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: d…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: The company was organized on January 1, Year 1. The firm was authorized to issue 500,0O00 shares of…
A: Shareholder equity means the amount that belong to the owner of the company i.e. share holder.…
Q: Two weeks after Royalty Corp was formed Juan sells the 30% of Royalty stock to the second party who…
A: The answer for the multiple choice question and relevant explanation are presented hereunder : Juan…
Q: On June 30, 2017 Naruto Company sold to Sasuke Company P1,000,000, 8% 5 year term bonds. The bonds…
A: Carrying value of the bonds on December 31, 2017 = Issue price + Interest accrued - Interest paid
Q: Exercise 13.6 (Algo) Recording closing entries. LO 13-5 On December 31, 20X1, the Income Statement…
A: Closing entry means the entries passed at the end of specified period where all the balances of…
Q: Ms. Gail Go created a trust in favour of her son, Wilson Go. He appointed Atty. Ramulo as a…
A: Here discuss about the details of the important of Trustee appointed by the Trust and its rights and…
Q: I dont understand why some are negative whereas some are positive??
A: CASH FLOW FROM OPERATING ACTIVITY IS THE SECTION OF A COMPANY'S CASH FLOW STATEMENT THAT REPRESENTS…
Q: Indicate whether the following items are treated as "Separately stated item" or "Nonseparately…
A: S Corporation: S Corporation means corporations which don't pay income tax on their own but…
Q: On January 1, 2017, Naruto Company issued P4,000,000 face value bonds with a stated rate of 12% and…
A: Carrying amount of the bond liability on December 31, 2017 = Cash proceeds from bonds issue +…
Q: Problem 4. Norris Corporation was organized on January 1, 2015. It is authorized to issue 20,000…
A:
Q: Complete the worksheet for the James Island Clothing Company, filling in the transaction analysis…
A: The cash flow statement assesses a corporation's ability to handle its cash balance, or how…
Q: e year are expected to total 960,000 units. Quarterly sales are 22%, 27%, 27%, and 24%,…
A: The production budget calculates the number of units of products that must be manufactured, and is…
Q: A company provided the following direct materials cost information. Compute the direct materials…
A: Direct material quantity variance = Standard price ×[Actual quantity - Standard quantity]
Q: Output (units ) Total Cost ($) 200 7000 300…
A: Variable cost per unit = Change in total cost/change in output
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- FINANCING DECISIONS What are the advantages of Internal Financing and give an example of Internal Financing at least 2 for Sole Proprietorship, 2 for Partnership and 2 for Corporation)? How does depreciation gives tax benefit?FINANCING DECISIONS What are the advantages and examples of Internal Financing (at least 2 for Sole Proprietorship, Partnership and Corporation)? How does depreciation gives tax benefit?Dominic Martinez has invested in something that acts like a mutual fund and that derives income from interest on loans to real estate owners. He knows there are federal laws that require this type of investment to refrain from engaging in speculative, short-term holding of real estate to sell for quick profits. What type of investment has Dominic made? a. Hybrid REIT b. Equity REIT c. Participation certificate d. Limited partnership e. Mortgage REIT
- A _______________ is a private investment pool open only to wealthy or institutional investors that is exempt from SEC regulation and can therefore pursue more speculative policies than mutual funds. hedge fund unit investment trust money market fund mutual fundCharacteristics of a corporation include Group of answer choices shareholders who are mutual agents direct management by the shareholders (owners) its inability to own property shareholders who have limited liabilityCharacteristics of a corporation include a.shareholders who are mutual agents b.direct management by the shareholders (owners) c.shareholders who have limited liability d.its inability to own property
- How a corporation is different from a partnership in terms of owner, legal status, liabilities, life, regulation, access to capital, taxation and transferWhich, if any, of the following can be eligible shareholders of an S corporation? a. A Roth IRA. b. Partnership. c. A non-U.S. corporation. (Maybe) d. A nonqualifying trust. e. None of the above can own stock.________ is a separate entity and in that capacity can borrow from banks, bondholders, preferred stockholders, and common shareholders. A. limited partnership B. sole proprietorship C. government organization D. public company
- Question A _______________is a separate entity and in that capacity can borrow from banks, bondholders, preferred stockholders, and common shareholders. A. limited partnership B. sole proprietorship C. government organization D. public companyWhich of the following is not a liability? a) Amounts owed to shareholders as capital b) Government grants repayable c)Rebates payable d) DebenturesThe difference between a general partner (GP) and a limited partner (LP) from below is? A limited partner is restricted in the amount they can invest in the fund, while a general partner can invest as much as they want The limited partner provides investment capital, and the general partner invests on behalf of the limited partner The general partner provides investment capital, and the limited partner invests on behalf of the general partner Limited partners cannot invest in venture capital, due to SEC regulations, whereas general partners have sufficient capital reserves to be exempted