The accounting firm of Deloitte & Touche is the largest international accounting firm in the world as ranked by total revenues. For two recent years, Deloitte & Touche reported the following for its U.S. operations:   Current Year Previous Year Revenue (in billions) $19.9   $18.6   Number of professional staff (including partners) 79,347   71,212   a.  For the current and previous years, determine the revenue per professional staff. Round your answers to the nearest dollar.   Revenue per professional staff Current year $fill in the blank 1 Previous year $fill in the blank 2

Q: Traders' bank account to settle its account. Africa Traders is not a registered VAT vendor. Which ac...

A: Firstly , in this question  we understand what is  the journal entry . The journal entry is an entry...

Q: Anna is a scholarship grantee of ABC Company. In consideration of Anna’s excellent academic performa...

A: Scholarship is the amount of money which a person receives from the another person in order to pursu...

Q: At January 1, 2022, Blossom Company reported the following property, plant, and equipment accounts: ...

A: 1)Accumulted depreciation on asset sold on May 1 Deoreciation per annum = 3000000/10 = 300000 per an...

Q: A change from the straight-line method of depreciation to sum-of-years' digits is accounted for as ...

A: Change in accounting estimate relates with an estimates for doubtful allowance, estimate for invento...

Q: Krogh Lumber's 2019 financial statements are shown here. a.  Assume that the company was operating a...

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If yo...

Q: On January 1, 20x1, RELISH TASTE Co. acquired a machine by issuing a 3%, P4,000,000 note due on Janu...

A: Semi annual interest payment= P 4000000*3%*1/2= P 60000

Q: 15 Why does a business maintain a provision for doubtful debts account? A to apply the accounting pr...

A: Provision for doubtful debt is opened in the year in which receivables are predicted to become insol...

Q: On December 30, 2015, Ella Thornes Inc has 2,000 8% preference stocks issued w/ USD200 par value and...

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share...

Q: Alain company prepared draft financial statements that showed the income before tax for the year end...

A: The given situation relates to events occurring after the balance sheet date. As per this concept th...

Q: Cochran Corporation, Inc. has the following income statement (in millions): COCHRAN CORPORATION, INC...

A: Lets understand the basic. Net profit margin is a margin created on the sales. In other words it is ...

Q: ROBL MOVING ON Co. has been undergoing liquidation since January 1. As of March 31, its condensed st...

A: Statement of realization and liquidation is the statement prepared by the entity which is used in wi...

Q: Santos, a retired public school teacher, relies on her pension from the GSIS and the interest income...

A: Here there are some list of items which are incurred are excluded from the gross income of the taxpa...

Q: olve the problem. On the September 1 billing date. Martin had a balance due of $984.01 on his credit...

A: Companies charges the interest on credit card based on average daily balance during the month that i...

Q: The Harry Corporation purchased a machine on January 1, 2020. The machine cost 46,000, with an estim...

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets ...

Q: Salmone Company reported the following purchases and sales of its only product. Salmone uses a perio...

A:   Receipts Issue (Cost of goods sold) Balance Date Quantity Price Total Quantity Price Total Quant...

Q: Final Income taxation is characterized by: Full taxes are withheld by the income payor at source. Re...

A: Here discuss about the final withhold taxes which are incurred for the certain income payments which...

Q: Required: Identify the depreciation method used for each of the following comparative balance sheet...

A: Solution Given Cost 495000 Useful life 4 year Salvage value 86000 Capacity of ...

Q: F and H Pharmacy Trial Balance December 31, 2018 Cash 327,500 Account receivable 109,100 Notes recei...

A: There is a totalling error in a trial balance . Deficit in credit column by P500.

Q: Which of the following is not a cause of mistakes in model building? Choices:   A.Sub-optimal choic...

A: There are numerous mistakes in planning stage of model building. Unclear vision, lack of resources, ...

Q: Process Costing I Discussion Question Sparkling Beverages makes one of its products by way of three ...

A: Introduction:- Process costing is an accounting approach for tracking and allocating direct and indi...

Q: During your examination of the accounting books of South Sky Company for the year ended December 31,...

A: 2021 Particulars    Reported net profit  1750000 Less: unpaid salaries  (100000)  Less: ove...

Q: True or False The purpose of adjusting entries is to assign appropriate portion of revenue and profi...

A: The adjustment entries are prepared at year end to adjust the revenue and expenses of the current pe...

Q: What is the gross margin ratio of Company B? How much purchases did Company A have for 2021? What is...

A: For company to generate profit operating margin it need to consider all the factors which are necess...

Q: Which of the following is correct regarding cash basis of accounting? a. Sales include cash sales a...

A: Under cash accounting, the incomes and expenses are recognised when they are received or paid and no...

Q: AI Dente's cash balance on October 1 is $2,500. It has provided the following information for the mo...

A: The cash collection schedule is prepared to estimate the cash collected from customers during the pe...

Q: On December 31,2020, the Statement of Financial Position of BEA Partnership shows the following data...

A: Solution Working note Total capitalization after admission of Russia =2000000 Capital interest of Ru...

Q: follows: a. Depreciation of furniture and fixtures is P 27,000 and that of office equipment is P 33,...

A: Closing Entries - Closing entries are required to close the temporary accounts after making financi...

Q: An Individual nold the folowing annnta thin year. Sala price Cost Solling cont Painting. .$2,000 $ 3...

A: Answer Capital gain:- Profit realised on the sale of long-term asset that has increase in value dur...

Q: At year-end (December 31), Chan Company estimates its bad debts as 0.50% of its annual credit sales ...

A: Estimated bad debt expense= $ 837000*0.50%=$4185

Q: 5. On October 1, 2021, Gomez Inc. assigns $1,600,000 of its accounts receivable to Ottawa National b...

A: Finance charge (Interest expense ) = $1,600,000×2% = $32,000  

Q: What is the effect of omission of prepaid expense in net income during the year of error? a. Overst...

A: Prepaid expenses should be deducted from the particular expense to which it relates in the calculati...

Q: Nichols Company uses the percentage of receivables method for recording bad debts expense. The accou...

A: Entries are used to document cost transactions. Every general ledger journal entry will include the ...

Q: The adjustments columns of the worksheet for Sunland Company are shown below. Adjustments Account Ti...

A: Adjustment entries are journal entries recorded at the end of accounting period. Adjustment entries ...

Q: For each of the following inventory errors occurring in 2018, determine the effect of the error on 2...

A: Retained earnings means the amount of profit left to company which has not been paid as dividend and...

Q: P75,000, respectively. C, new partner, acquire A and B. Land is undervalued by P30,000 prios 4. What...

A: The meaning of partnership business is two or more persons bringing the capital to form the business...

Q: Orchid Corp. has a selling price of $15, variable costs of $10 per unit, and fixed costs of $25,000....

A: The question is based on the concept of Financial  Management. Contribution is the difference betwee...

Q: A company had stock outstanding as follows during each of its first three years of operations: 1,000...

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share...

Q: The Sino-Fizer Company is concerned about the cash flow of the company. They consulted you to prepar...

A: Calculation of amount collected from sales for the 4 months ending 30 April 2019 : Months  Janua...

Q: ABC yards invites your audit firm to verify scrap materials sale proceeds in its ship breaking unit....

A: Verification is the process used during the proceedings of an audit to verify records, bills, invoic...

Q: If a company discovers a mistake in 2021 that was made in 2018, the company records the adjustment i...

A: An accounting error is a mistake in an accounting entry that is unintentional. When an error or mist...

Q: Clear Water Bay Inc. uses the weighted-average method in its process costing system. The Fitting Dep...

A:

Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. o The...

A: As per the guidelines we can provide the answer for 3 question( 3 part) . so answer for remaining qu...

Q: Prior to liquidating their partnership, Cameron and Solivita had capital accounts of $44,000 and $92...

A: Solution Partnership consists two or more people who combine their resources to form a business and ...

Q: Knox Corp has a selling price of $18, variable costs of $13.86 per unit, and fixed costs of $23,500....

A: The question is based on the concept of Financial Management. Contribution Margin is the difference ...

Q: Assume that the custodian of a $450 petty cash fund has $59.50 in coins and currency plus $385.00 in...

A: About Petty cash is a little  amount of money that is keep on the company premises to pay for  needs...

Q: Agrico Inc. accepted a 10-month, 13% (annual rate), $5,350 note from one of its customers on May 15,...

A: Face value of note = $5,350 Interest Rate = 13% Period (May 15, 2019 to December 31, 2019) = 7.5 mon...

Q: A company is considering investing £46,000 in a machine that will be operated for 4 years, after whi...

A: Annual profit= Cashflow- Depreciation

Q: Exercise 7-3 Sales on store credit card LO C1 Z-Mart uses the perpetual inventory system and has its...

A: Journal is the initial step in recording the financial transaction, date wise as per the dual entity...

Q: On the statement of financial position, Sheila Corporation had retained earnings of USD350,000, but ...

A: Retained earnings = $ 350000 Footnotes disclosed :- Restriction for building expansion = $ 55000 Res...

Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. The b...

A: Journal entry as well as with all requirement are calculated are as follows.