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Q: A firm uses simple exponential smoothing with "a = 0.5" to forecast demand. The forecast for the 1st…

A: Given that, Actual demand = 452 units  Forecast for 1st week of January = 505 units  alphaα = 0.5

Q: D Question 39 If the selling price per unit is $10, the unit contribution margin is $5, fixed…

A: Cost volume profit analysis is one of the important analysis being performed in cost accounting.…

Q: Skane Shipping Ltd. (SSL) operates a fleet of container ships in international trade between Sweden…

A: Here discuss about the details of total revenue, cost and income taxes and total taxes which are…

Q: Required information [The following information applies to the questions displayed below.] Russell…

A: Sale value of asset means value for which asset is being sold out. Basis in asset means adjusted…

Q: Could the accountant be sure that all dividends due on the client's marketable securities have been…

A: Dividends: This is the amount of cash distributed to stockholders by a company from its earnings in…

Q: Mr. Fara, a representative of a domestic firm, disclosed the following information for 2019: The…

A: Taxable income: taxable income is a part of company or individual's income, on which tax calculated…

Q: The condensed Net sales Cost of goods sold 2018 $168,500 106,553 $ 61,947 $ 22,301 Gross profit from…

A: Particulars Current ratios December 31,2020 2.4 to 1 December 31,2019 1.9 to 1 December…

Q: This is an extremely simple human capital accumulation problem. Let ht denote human capital of…

A: Long run growth- The country's long-run real economic growth is nothing more than a sustained…

Q: Ending Capital 4 The following account balances were provided by Kate's Consulting Company as of…

A: Ending capital represents the owners' share in the business at the end of the year.

Q: Required information Use the following information for the Quick Study below. (Algo) [The following…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: Here is my situation. I currently own a heating and cooling business here in Indianapolis. I'm…

A: Introduction: A business organization is a legal kind of enterprise that is founded for commercial…

Q: The accounting information of Haiti Inc shows the records where it adheres to ASPE, find the cash…

A: Cash flow statement was used by organisation to identify cash earned and spent on its various…

Q: E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $19 in…

A: Given that the company will issue annual dividend of $19 in perpetuity beginning 11 years from now.…

Q: In preparation for the 2022 English Week Celebration, Beacon Hills High School Student’s council…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: The following is a December 31, 2021, post-closing trial balance for Almway Corporation.   Account…

A: ALMWAY CORPORATIONBalance SheetAt December 31, 2021 Assets     Current assets     Cash and…

Q: This same MCIT calculation and payment will be required when filing quarterly and annual corporate…

A: The MCIT is a tax levied on a company taxable under Title II of the Internal Revenue Code that…

Q: You own and manage a small hotel. The annual costs are the following: • electricity, phone, internet…

A: Accounting income means total revenue less total expenses. It only consider cash inflows and out…

Q: Allowance for Doubtful Accounts has a debit balance of $1,653 at the end of the year (before…

A: Lets understand the basics. Journal entry is required to make to record event and transaction in…

Q: only Answer 2 question Cost of Gross Goods Profit Sales Net Beg Net Ending Sales returns Sales…

A: Net Sales = Sales - Sales Returns Cost of Goods Sold = Beginning Inventory + Net Purchases - Ending…

Q: Which is not a characteristic of corporate income tax? Progressive tax   General tax Direct tax…

A: Taxes are the major source of revenue for the government. There can be various type of taxes which…

Q: The accounting records of Wall's China Shop reflected the following balances as of January 1, Year…

A: The inventory can be valued using various methods as FIFO, LIFO and weighted average method. FIFO…

Q: On January 1, Lumia Company’s liabilities are $70,000 and its equity is $50,000. On January 3, Lumia…

A: The transactions of the business effects two or more accounts of the business. The accounting…

Q: Bare Unimart Manufacturing Beginning inventory Merchandise $ 225,000 Finished goods $ 450,000 Cost…

A: Cost of goods sold = Beginning inventory + Cost of goods manufactured - Ending inventory

Q: The allowance method of estimating uncollectible accounts receivable based on an analysis of…

A: >Bad Debt Expense is recorded using two methods: #1: Direct write off method: Expense is…

Q: Martinez Co. borrowed $79,200 on March 1 of the current year by signing a 60-day, 9%,…

A: The interest expense  is calculated as  follows  $79200 × 9% × 60/360   = $1188

Q: Start up expenses:  To start the gym, the initial total investment required is $162,544.55EC. This…

A: Balance Sheet The purpose of preparing the balance sheet is to know the actual position of assets…

Q: Problem 1. The Evergreen Company produces tools on a job order basis. During May, two jobs were…

A: Overtime refers to the amount of time which someone works beyond the normal hours of working and…

Q: The interest on a 6%, 60-day note for $5,000 is $300. O True O False

A: Interest  = Note value × Interest rate ×60/360

Q: Companies that use OSD can deduct the cost of sales or the cost of services. Is it true or false

A: Business activities in every country are governed by certain Business laws that have direct…

Q: Units Unit Cost Total Cost 1/1 Beginning Inventory 104 $6 $624 1/20 Purchase 416 $7 2,912 7/25…

A: The inventory can be valued using various methods as, FIFO, LIFO, and average method. Using FIFO…

Q: a. Furniture & fixtures was purchased on credit for Php50,000. b. Merchandise costing Php202,560 was…

A:

Q: Wolfort Blade Limited, a manufacturing company, produces a single product. The followiing…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Flexmatrixs deals with different types of iron rods which has 6,900 machine hours available each…

A: Lets understand the basics. When there is any constrain in the production of any item then…

Q: Which of the following is not a taxable corporation?

A: Under the Philippine's National Internal Revenue Code of 1997, the term "corporation" includes…

Q: KITCHENS JUST FOR YOU Balance Sheet September 1, 20X9 Assets Cash 6,000 $ 39,000 Accounts Payable…

A:

Q: Q3. (Horngren) Inorganic Chemicals (IC) processes salt into various industrial products. In July…

A: Comment Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: Pass the necessary journal entries on the date of purchase, delivery to the lessee, and for the…

A: Assets A/c ..........................................Dr. 2000 Riyals      To Vendor A/c…

Q: Toll ing: Attempt of financial Accounting a) Limitations b) Convention of Materjality c) Real A/C d)…

A: Accounting:  It is a process of recording, classifying, summarising, interpretating and analysing of…

Q: describe book keeping in financial accounting in detail

A: The process of recording the daily company financial transaction is called Book Keeping.  It is a…

Q: The dividends and earnings of Company ABC are expected to grow as follows: - 20 percent a year for…

A: Cost of equity= risk free return + Beta(rate of return- risk free return) = 5% + 0.8*(10%-5%) = 9%

Q: High-Low Method; Scattergraph Analysis The following data below relates to units shipped and total…

A: Hi student Since there are multiple subparts, we will answer only first three subparts

Q: Part 1: Prepare a General Journal entry for the following transaction: On December 17, On Your Mark…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: The “AFLV Logistics” company is planning to set up a new investment. The Cost of the investment is…

A: Gross profit = revenue less direct cost Net profit= gross profit less all costs including depression…

Q: Apr. 1 Sold merchandise for $4,800, with credit terms n/30; invoice dated April 1. The cost of the…

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: 19) On 1 July 2014, Andrew decided to open up a sole proprietorship with the following items: Cash…

A: Lets understand the basics. When person start business then he brings assets to run the business. He…

Q: ABC Corp purchased land and building at a lump price of P6M. ABC demolished the building and…

A: Cost of building refers to the cost which includes the purchase price which involves price paid to…

Q: A plastic extrusion machine cost P120.000 was purchased 4 years ago and is estimated to have a…

A: Cost of machine = 120,000 Useful life of an asset = 6 years Salvage value = 15,000 Depreciation =…

Q: Superior Skateboard Company, located in Ontario, is preparing adjusting entries at December 31,…

A: A record is typically kept in the general ledger, but it can also be kept in a specific account,…

Q: 2. Downing Company issues $1,000,000, 8%, 10-year bonds on January 1, 2020. The bonds pay interest…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: Sarah is completing her tax return for the year 2021 and calculating her personal exemption. I'm 25…

A: As per income tax Act 1961 As an Assesses file return under section 139  Where the exemption for…