Required: 1. Intangible assets will mean what adjustment in the EVA calculation? 2. The unusual loss will mean what adjustment in the EVA calculation? 3. Calculate the EVA.

Q: Outrigger Leisure Products sells 2,000 kayaks per year at a price of $450 per unit. Outrigger sells…

A: A variable cost is one that varies according to the amount of production or the quantity of services…

Q: general journal adjusting entry on December 31, 2021

A: Depreciation refers to the reduction in the value of the fixed asset recorded in the books in a…

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A: Provisions 1st Quarter  -  675000*42%  = 283500 2nd Quarter - 710000*42% = 298200 Reversal =…

Q: Provide the missing data in the following table for a distributor of martial arts products: (Round…

A: Formula: Margin = Net operating income / Sales Turnover = Sales / Average operating assets ROI = Net…

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A: Ordinary shares are the shares issued to ordinary shareholders by the company. Whereas, treasury…

Q: An example of a CSR initiative focused on the social performance aspect of the triple bottom line…

A: CSR refers to corporate social responsibility. It is a self rules and legislation implemented by the…

Q: Waterway Industries had 200000 shares of common stock, 19300 shares of convertible preferred stock,…

A: Diluted Earnings Per Share: The diluted earnings per share (diluted EPS) of a corporation is…

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A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: This is your first month working as a bookkeeper and you notice a discrepancy when trying to…

A: The process of documenting vital company transactions in a recording system is known as bookkeeping.…

Q: Explain why depreciation and interest should not be included as costs in a discounted cash flow…

A: The company makes several investments and an evaluation of investment is necessary. Therefore, the…

Q: ABC Company has two departments and uses a job-order costing system. ABC applies overhead in…

A: Cost of goods manufactured: Cost of goods manufactured means total manufacturing costs; including…

Q: What is the maximum term of the measurement period?

A: Given If the initial accounting for a business combination is incomplete by the end of the reporting…

Q: QUESTION 9 If you invest $5100 per year in a stock that grows at rate of 6% per year, how much will…

A: Time value of money means the worth of money today is more than the value of money in the future.

Q: Saved Income statements and balance sheets data for Virtual Gaming Systems are provided below.…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: .The statement of financial affairs is prepared Select one: a.in order to bring clarity to the…

A: The purpose of statements of affairs is to show the current financial position of the company. It…

Q: A piece of equipment in the 5-year MACRS asset class is being considered that ma- The equipment…

A: Break even point unit is minimum number of pinballs necessary to recover the fixed cost of each…

Q: Assume that Barb City acquires $2,000 of inventory on May 1, 2022, having held no inventory…

A: Inventory is a type of asset that is sold in company operations. Inventory may not be available for…

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A: When accounting for a long-term construction contract for which revenue is recognized over time…

Q: Make-or-Buy Decision Somerset Computer Company has been purchasing carrying cases for its portable…

A: Differential analysis is done to select between one or more alternatives, the benefit of one or more…

Q: Mongelli Family Inn is a bed and breakfast establishment in a converted 100-year-old mansion. The…

A: Solution: Budgeted variable overhead cost at 90 guests = $234 + $315= $549 Budgeted variable…

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A: In keep or Replace analysis, Revenues and costs of Keeping the old Asset should be compared with…

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A: Mandatorily Redeemable preferred stock is the preferred stock which will be redeemed in future.

Q: On a statement of financial affairs, a company's liabilities should be valued at Select one: a.the…

A: Solution: Liabilities are present obligation of company as a result of past event that requires…

Q: Explain theimportance oftransfer pricing

A: Transfer Pricing- Transfer pricing refers to the rate at which one unit of an organization sells…

Q: Item 7   Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The…

A: Inventory means the amount of stock which is held for used in production or for resale purpose.…

Q: When raw materials are requisitioned and placed into production, the Raw Materials Inventory account…

A: Soluiton: Cost placed into production such as direct materials, direct labor and applied are debited…

Q: Everdeen Company sells computers for P20,000 eachand also gives each customer a 3-year warranty that…

A: Warranty is a form of assurance being given by the seller to the buyer that in case product will…

Q: ividend distributions: (200,000) Required: a. Compute the combined tax cost for Xenon and Ms. Xie.…

A: The Combined Tax Rate is the highest combined federal, state, and local income tax rates applicable…

Q: Average age of inventory of PETRON STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3…

A: Average age of inventory means the number of days the company will take to sell its inventory. The…

Q: 8c. A large profitable corporation is considering a capital investment of $50,000. The equipment has…

A: The fee charged by the government from the individuals and various business entities on the income…

Q: Presented are the income statements of Clyton and Garner heavy equipment manufacturing companies for…

A: Common size financial statement means where every item of income statement is shown in percentage by…

Q: Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash…

A: Preferred stock means the amount raised against which dividend is given to stock holder but after…

Q: uired: 1. Compute the profit-linked productivity measure. By how much did profits increase due to…

A: Productivity measures are undertaken to improve the overall profitability in an entity, these…

Q: A 50-y

A: The taxable total income of the individual taxpayer includes the income earned by the respective…

Q: Wages paid to factory staff is an example of indirect cost

A: Indirect Labor: The term "labor" refers to the overall amount of personnel and skill necessary to…

Q: Depreciation is based on the fair value of assets. An impairment loss occurs if the carrying value…

A: GIVEN     Depreciation is based on the fair value of assets. An impairment loss occurs if…

Q: According to Ian Redpath and Bob Lickwar, what is the purpose of the IRS 1444 letter/notice?

A: Introduction Economic impact payments are Coronavirus aid, relief, it provides payments up to $1,200…

Q: QUESTION 11 Snowberry Corporation had a net increase in Retained Eamings of $182.000 for the year.…

A: The net income earned during the year will be aggregate of increase in the balance of retained…

Q: In the ABC partnership (to which D seeks admittance), the capital balances of A, B, and C, who share…

A: Estimated amount to be invested by D for a 20% interest = Total capital of the partnership after…

Q: rdinary shares with P50 par value for a combined cash amount of P11,000,000. The market value of the…

A: Shareholders also invest money in the company and in return they become the owners in proportion to…

Q: On July 8, Action Co. issued an $80,000, 6%, 90-day note payable to Scanlon Co. Assuming a 360-day…

A: The note is the liability on which a specific percentage of interest has to be paid over the…

Q: In 2022, ABC Company sold inventory costing P150,000 to its 80%-owned subsidiary for P210,000. A…

A: Consolidated Financial statements present assets, liabilities, equities , income , expenses etc of…

Q: Inventory taken by the owner of the entity for personal use, will affect which of the following…

A: Periodic inventory system is the system of accounting in which inventory is calculated at the end of…

Q: Production, Direct Labor, Direct Materials, Sales Budgets, Budgeted Contribution Margin Greiner…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: c. A large profitable corporation is considering a capital investment of $50,000. The equipment has…

A: Tax refers to a charge which is payable by a business entity or an individual on the income earned…

Q: 1. Whitman is the:

A: The taxable total income of the individual taxpayer includes the income earned by the respective…

Q: The following transactions are for Sheridan Company. On December 3, Sheridan Company sold $613,400…

A: Net cash received = Net accounts receivables - Discount allowed where, Discount allowed = Net…

Q: In the ABC partnership (to which D seeks admittance), the capital balances of A, B, and C, who share…

A: Partnership is an agreement between two or more partners where partners are agreed to work together…

Q: Presented below is selected information related to Blue Co. for the month of January 2022. Ending…

A: Ending inventory are overstated by $800 ($23,710 - $22,910)

Q: Question 16 Increasing the sales price will increase the contribution margin per unit. True False

A: Variable costing: It implies to a method of accounting where only variable costs are assigned to the…