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Q: 7 Oman chromite company LLC had sales last year of OMR 500,000, including cash sales of OMR 208,000....

A:

Q: On November 30, accounts receivable in the amount of P900,000 were assigned to Lopez Finance Co. by...

A:         a Cash  $723,000     Finance Charges ($900,000*3%) $27,000      To Notes Payable   $75...

Q: 2/120? а. 36 b. 8 С. 24

A: Factors for 152: 1, 2, 4, 8, 19, 38, 76, and 152 Factors for 120: 1, 2, 3, 4, 5, 6, 8, 10, 12, 15, 2...

Q: Plz solve it’s timed!!!

A: Partnership is an agreement between two persons in which they invest capitals, run business and shar...

Q: Yes Corp., a publicly-owned corporation, is subject to the requirements for segment reporting. In it...

A: IFRS: IFRS stands for International Financial Reporting Standards. These accounting standards are de...

Q: In August, Lannister Company introduced a new performance measurement system in manufacturing operat...

A: According to the above, the Controller has identified those items that are only available on a sampl...

Q: Which of the following journal entries would be recorded when the inventory with cost of 11.000 TL h...

A: Option a is correct. 

Q: 8-The directors of the company exaggerated the amount of profit before tax by 10 per cent of sales r...

A: Answer

Q: An equipment is listed at OMR 12,500 and a series of discounts was given as 20%, 15% and 5%. Which o...

A: Discounts:- The term discount usually means a reduction in the usual price of something. Discount in...

Q: Al Mana Memorial Hospital uses 100 syringes of a particular style each day, 365 days per year. The d...

A: Ordering cost:- Ordering cost is also known as the setup cost that is incurred at every time we plac...

Q: Question text Marya Travel Company plans to know the total assets it has possessed as on date. Ms Sh...

A: Total Assets of the company = Building + Office Stationery + Plant 

Q: PEARS Company owned three investment properties. Details of the properties are as follows in the tab...

A: Investment properties are land or buildings and building can be a part of building. The land and bui...

Q: is the practice of selling a note receivable by the payee before the maturity date of the note. a. E...

A: Discounting refers to getting a bills of exchange paid before the date of maturity. The face value m...

Q: plz solve???

A: Partnership means where two or more person comes together to do some common business activity and ea...

Q: Adil purchased a second-hand truck that costed him OMR 5,000. Then he decided to replace it with an ...

A: Selling price = Cost + markup

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life ins...

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: total cost function

A: We know that fixed cost remains constant irrespective of the level of activity and variable cost cha...

Q: Total cost and number of units in the first seven months of 2020 are given below. According to this ...

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units - ...

Q: In Cost-Volume-Profit analysis, it is an important assumption that all units produced are sold; in o...

A: Cost-Volume-Profit analysis is performed to analyze the behavior of costs and revenues and it shows ...

Q: On July 1, APPLE purchased a machine worth ₱21,000,000 subject to a 2% cash discount if paid within ...

A: Cost of a machine is sum of Purchase price, any directly attributable cost like initial delivery cos...

Q: 43-From the options given below find out the end result of entire audit process O a. Gather audit e...

A: Audit process While conducting the Auditing work for the organisation there some process which helpf...

Q: 2. Describe "insurance premium" in your own words.

A:

Q: Entity A is renting out its building to a tenant for a monthly rent of ₱30,000. As of December 31,20...

A: Adjusting journal entry helps accountants to make required adjustments in the related account balanc...

Q: On May 10, 2019, GUAVA Company received a grant of ₱8,000,000 from the British Government for the co...

A: On May 10, 2019, The Company received a grant of ₱8,000,000 from the British Government for the cons...

Q: Appliance Product A and 1,000 2,500 able value 2,700 Assume that on December 31, 2016, the P4,990,00...

A: Accounting principle of prudence allows an entity to record all anticipated losses and expenses so t...

Q: Accounting Question

A: Break Even point: - Break even point is the point where the company neither gets profit nor loss by ...

Q: Plz solve

A: Revaluation account is usually prepared to report the variations in the worth of assets and obligati...

Q: Interest on drawings was RO. 270 for Saud, RO.180 for Salim and RO. 90 for Sulaimon. The accounting ...

A: Journal entry is a method to record the financial transaction of a business in books of accounts.

Q: The final step in recogniz company to: a. add direct mate Work-in-Proces

A: Production process starts with the purchase of raw materials. The purchased raw material is then tra...

Q: Which of the below statements refers to the concept of deferred payment? a. It is the original selli...

A: Deferred payments : The deferred payments is defined as the amount of which it is paid in future per...

Q: Albatross Corporation acquired land for investment purposes in 2005 at a cost of $100,000. Albatross...

A: Gross profit + selling price = Gross profit percentage i.e. $ 300, 000 ( gross profit ) ÷$ 400,000 (...

Q: Salim and Sultan are partners sharing profit and loss in the ratio of 5 and 3. Partner Shihab was ad...

A: Partnership firm:-  When two or more members (maximum limit is 50) come together as partners and est...

Q: Notes to the accounts: On 31stMarch 2021 Langwith entered into a four-year lease contract for a new...

A: Contractual payments for the finance lease = 14,930 per annum in arrears Implicit rate in the lease ...

Q: Entity A purchased supplies of ₱640,000 on Jan 31, 20x1. Of that amount, ₱70,000 is remained on hand...

A: Adjusting entry: It can be defined as the journal entry that is recorded at the closing of the accou...

Q: YELLOW Corporation sold selected merchandise on a consignment basis during 2020. Yellow's accounting...

A: The carrying value of goods sold during a period is called cost of goods sold.

Q: The company receives rent revenue from a client for July and next 5 months on July 31 for 7.500 TL. ...

A: Rent per month = Total amount received / Total months = 7500 / 6 months = 1250

Q: fyou have the following information Sales 250,000 Cost of goods sold 260,000 Gross loss (10000) Oper...

A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business dur...

Q: 25) Alburaimi Company asks Ms. Mona, the accountant of the company to calculate the total liabilitie...

A: Current Liabilities: Liabilities which are payable within one year from occurring are called current...

Q: 8. On December 28, 2020, INDIGO Company purchased goods costing ₱500,000. The terms were FOB destina...

A: Inventory is the combination of all the goods which are ready for sale, goods which are in process, ...

Q: If the cost of the truck is OMR 30,000 and the annual depreciation expense OMR 2,000. How much will ...

A: Book Value = Cost of Truck - Depreciation Expense

Q: Q2: -What are current assets?Explain it. -Why need for balance accounts?

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...

Q: 7. On November 5, 2020, BLUE Company purchased a land and a building for a lump-sum amount of ₱5,500...

A: Total fair values of the land and building  = ₱1,100,000 + ₱1,650,000 = ₱2,750,000

Q: The company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 35 ...

A: Answer -  Option A - COGS 28,500 TL; Sales Revenue : 34.200 TL  

Q: Plz solve

A: Sacrificing ratio is the ratio in which old partners have agreed to sacrifice their shares in  profi...

Q: Theta Corporation gathered the following for its proof of cash for the month of September: End Begin...

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with...

Q: Entity A received a 12%, ₱200,000, one-year, note receivable on October 1, 20x1. Entity A uses a cal...

A: Note receivable- It is type of financial instrument which is given to the entity at a fixed rate of ...

Q: Alcuin, Langwith and Halifax are firms involved in the production and sale of high-quality technical...

A: The first question is answered for you. Please resubmit specifying the question number you want answ...

Q: Herbert and Ireneo are partners sharing profits and losses in the ratio of 60% and 40%, respectively...

A: Partnership interest from Herbert to Joshua =Herbert's capital × 40%=$86,850 × 40%=$34,740 Partnersh...

Q: The records for Bosch Co. show this data for 2019: ●   Gross profit on installment sales recor...

A: Comparison of Financial Profits with Taxable profits results in the creation of either Deferred tax ...

Q: hello, help please

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

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.