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A: (Since you have posted multiple questions, we will solve the first question for you. For the remaini...
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A: SOLUTION COST OF GOOD SOLD- IT REFERS TO THE DIRECT COSTS OF PRODUCING THE GOOD SOLD BY THE COMPANY.
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A:
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A: Introduction: Operating lease: The ownership of the Asset cannot be transferred under operating leas...
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A: Solution: Service costing, also known as Operating Costing is a method of cost computation used in...
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A: Rights retained .. The gain or the loss relating to a sale and leaseback transaction not recognized ...
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Q: On November 1, 2020, Sage Company adopted a stock-option plan that granted options to key executives...
A: The question is based on the concept of Financial Accounting.
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A: A "Co-operative purchasing" is a type of arrangement among different entities to agree to aggregate ...
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A: SOLUTION- CONSIGNMENT OCCURS WHEN GOODS ARE SENT BY THEIR OWNER (CONSIGNOR) TO AN AGENT (CONSIGNE...
Q: Which of the following cases would result in a Deferred Tax Liability? I – CA of Asset > TB of Asset...
A: Solution: Following cases would result in a deferred tax liability as it will create future taxable ...
Q: [The following information applies to the questions displayed below.] The fixed budget for 21,400 un...
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A: In this question it is given that the fair value of liability is p13,500,000 here the carrying amoun...
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A: Solution: Following statement characterizes finance lease: The lessee records depreciation and int...
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A: Accounts receivable is an asset. Items marked as C are payable within 12 months and items marked as ...
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Q: How is uniform cost search different from plain BFS?
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A: Shareholders' equity is the amount payable by the business to the owner of the business.
Q: auditors’ independence
A: Independence is a professional quality to be maintained by the auditors while undertaking the client...
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Q: Lease payments under an operating lease shall be recognized as an expense in the income statement on...
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A: SOLUTION NOTE- GIFT MADE TO CUSTOMERS ARE DEDUCTIBLE UPTO $25 PER EACH.
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- 7. A component of working capital that involves decision on whom to extend credit, the credit limit, and the credit terms a. cash management b. inventory management c. receivable management d. payables managementWhich of the following-would beconsistent with a more aggressiveapproach to financing workingcapital? A. Financing short-term needs with short-term funds.B. Financing seasonal needs with short-term funds.C. Financing some long-term needs with short-term funds.D. Financing permanent inventory buildup with long-term debt.Define each of the following terms:a. Working capital; net working capital; net operating working capitalb. Relaxed investment policy; restricted investment policy; moderate investment policyc. Permanent current assets; temporary current assetsd. Current assets financing policy; maturity matching (self-liquidating) approache. Cash conversion cycle (CCC); inventory conversion period; average collection period;payables deferral periodf. Cash budget; target cash balanceg. Lockbox; account receivableh. Credit policy; credit period; discounts; credit standards; collection policy; credit terms;credit scorei. Trade credit; free trade credit; costly trade creditj. Promissory note; line of credit; revolving credit agreementk. Prime rate; regular, or simple interest; add-on interestl. Commercial paper; accruals; spontaneous fundsm. Secured loan
- The following are goals‘andobjectives in working-capitalmanagement. Which is the LEASTACCURATE? a. Payables management includes the analysis of the business's use of trade payables and short-term non-trade payables but not long-term non-trade payables.b. Availability of money marketable securities support the cash management function by providing a return on excess cash.c. Receivable management involves setting the credit term but not the implementation of how receivables are collected.d. Inventory management allows the entity to determine the best level of this asset while balancing the risk of over- and under- stocking.Which of the following would increase risk? a. Raise the level of working capital b. Increase the amount of equity financing c. Increase the amount of short term borrowing d. Decrease the amount of inventory by formulating an effective inventory policyUse IFRS 9 to determine how to subsequently measure the following financial assets. Three choices of measurement basis are amortized cost, fair value through other comprehensive income, and fair value through profit or loss. Provide justification for your choice. Long-term loans that are held for collecting contractual cash flows till their maturities, but may be subsequently sold if the loans’ credit risk substantially increases. Investments in bonds that are held for collecting contractual cash flows, and may be subsequently sold to re-invest the cash in financial assets with a higher return. Subprime (high risk) mortgage loans that were originated by a mortgage-broker firm that always sell these loans to banks right after their origination. Forward contracts that an EU bank purchased to hedge the exposure to changes in fair value of US$-denominated loans. Investment in bonds that are convertible into common stock of the bond issuer. Investment in bonds that pay a variable market…
- Decreasing the amount of liquid assets held for the purpose of meeting loan demands and deposit withdrawals and increasing the usage of deposit and nondeposit sources of funds paying market rates of interest is known as: a. leverage adjustment b. liability management c. liquidity management d. liquidity adjustmentAsset management includes:A. using money market instruments to cover liquidityB. using cash reserves to cover liquidityC. borrowing fed funds to cover liquidityD. a and bWhich of the following helps to meet the short-term liquidity position of the concern? a.Investment Decision b.Capital Budgeting c.Cash Management d.Interrelation with Other Departments
- 8. Which of the following would be consistent with a more aggressive approach to financing working capital? a. Financing permanent needs with short-term funds. b. Financing permanent inventory buildup with long-term debt. c. Financing temporary needs with short-term funds. d. Financing some temporary needs with long-term funds.Financial management involves: a. managing accounts receivable in the short-run and financing long-term projects in the long-run. b. preparing external financial documents and verifying their accuracy to the public. c. optimizing inventory and selling owner equity in the short-run. d. planning for capital projects in the short-run and managing cash flow in the long-run.When a firm sells its accounts receivable to raiseshort-term cash, it is engaging in a strategycalleda. factoring.b. financial planning.c. equity financingd. debt financing.e. drafting
