The foundation for building an ethical organisation is corporate governance. Governance should establish ethical standards and act as a watchdog. Examine how the governance board may put in place procedures to set ethical standards

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

A: The contribution margin is calculated as difference between sales and variable costs.  The break…

Q: What is May’s new Profit and Loss Ratio after the admission of Julie?

A:

Q: first week’s deductions for Social Security and Medicare? Will any of Pat’s wages be exempt from

A: Tax deduction refers to the income which can be deducted from the income for lowering the amount…

Q: Prepare the journal entries to record the following transactions, in the books of Holman Dress…

A: Journal entries are the fundamental building blocks that provide the answers to those and other…

Q: What is Activity Base Cost Management?

A: Introduction: Activity-based management is a tool that helps according to processes and provides the…

Q: Jack paid $5,000 in daycare expenses in 2022 for his five-year-old daughter so he could work. His…

A: Since you have asked multiple questions, we will solve the first question for you. if you want any…

Q: Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:…

A:

Q: 1. Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following…

A: Answer:-  Gross Debt Service ratio meaning:- In the underwriting process for a mortgage loan, the…

Q: Question. What are Operating and non-operating expence?

A: Operating expenses are the expenses which incurred in normal course of business. Non operating…

Q: May and Jun are partners with profit and loss ratio of 55:45 and capital balances of ₱530,000 and…

A:

Q: 1. Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following…

A: GDS ratio= principal+ Interest + Taxes + Heat+ Other housing cost /Gross monthly household income…

Q: (b) Samuel Gumede earns £39,000 a year working for a building company as a project manager. He is…

A: Let understand the basics. For calculating net relevant benefit, we need to use below formula. Net…

Q: Computers VG Systems Total Sales $700,000 $300,000 $1,000,000 Variable costs 420,000 210,000 630,000…

A: Sales mix: =Sales of the division / Total sales of the entity Contribution margin ratio:…

Q: An Accountant must design inventory ordering systems for two new raw material items - A31 and B31.…

A: Optimum order quantity for Material A31:  EOQ = 2DS/H          D= Annual Demand = Average weekly…

Q: You are an accountant working for a company that has recently decided to incorporate. The company…

A: The process of journalising refers to the process of recording the transcations in books of account…

Q: Customer deposits (prepayments) are recorded - Select one: a. as debits to accounts receivable for…

A: Customer deposits decreases the accounts receivable.

Q: Anne and Stuart are married and will file a joint return. In 2022, they donated $700 in cash to…

A: Standard deduction is the amount which is deducted from the income before calculating the income…

Q: Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 2…

A: Introduction: An asset's book value is the value calculated by its balance sheet on the balance…

Q: ABC Corp uses the double declining balance method to depreciate a machine purchased on June 30, 20X1…

A: Depreciation:   It is the reduction in the value of the asset over the period. This includes normal…

Q: Find the cost of good sold and other operating expense 2019:

A: Cost goods sold represents the amount incurred by the entity for making the sales for a particular…

Q: dividends of P1,000,000. What is the carrying amount of the investment in associate on December 31,…

A: Given in the question: On January 1, 2021, Joshtin Company has purchased 40% of the outstanding…

Q: it issued 2,500 of its share for cash at P17.50 per share. On another day, it issued additional…

A: Dividends are declared by the Board of Directors (BOD) out of income remaining after setting aside…

Q: May, Jun, and Julie are partners with profit and loss ratio of 3:3:2 and capital balances of…

A: partnership is the simplest form of the business where two or more person join hand in order to…

Q: Asset 2 (Plant); Plant was purchased by the business at a cost price of OMR 6,000 and accumulated…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts…

A: Current liabilities: Amounts due to be paid within one year or within one operating cycle, whichever…

Q: March Issued 3,000 share of Common Stock, $2 par for $15 per share.

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

Q: Jean and Dan both work. Each earns a salary of $48,500, but only Jean is a member of a registered…

A: Calculation of Maximum RRSP contribution: Maximum RRSP contribution of Jean = 18% of Gross Salary -…

Q: Business decisions rely on certain characteristics which are based on intelligent and well-informed…

A: Introduction: A business decision, also known as an operational decision, is any choice made by a…

Q: The comparative accounts payable and long-term debt balances for a company follow. Current Year…

A: Amount Of Change  Increase / Decrease Percentage Account Payable 16,848 Decrease  27 Long Term…

Q: ss Wages cial Security edicare Tax ate Income Tax deral Income Tax ate Unemployment Tax (SUTA)…

A: Employer Payroll Entries A payroll journal entry is a record of the salary or benefits that…

Q: Big Co. would like to buy Small Co. for a 30% control premium. Currently Big Co.’s stock price is…

A: EPS stands for "Earning per share" and the formula of the same is EPS=Total Earnings/Outstanding…

Q: On Jan 1, 20X1, ABC Corp purchased a patent for P90,000. At the time of purchase the patent was…

A: Amortization is the diminution in the worth of the intangible asset as per the life of the asset…

Q: Accounting Cherry Corporation had 600,000 shares of common stock outstanding during 2020. In…

A: Answer a:- EPS = $1.67. Explanation:-  Computation of EPS:-  EPS = Net Income / Outstanding shares…

Q: 5. Assume that three years ago, you purchased a 10-year corporate bond that pays 8.0 percent. The…

A: Bond: It is the acknowledgement or certificate which is given by the company against the debt taken…

Q: 21- Sent a bill to R. Hernandez, P2, 500 for car service rendered at his wedding. 23- Gas and oil…

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

Q: ABC Ltd manufactures two products: Basic and Deluxe. The company expects to produce and sell 1,100…

A:

Q: Compute Proprietary Ratio From the following Particulars $ Equity Share Capital 5,00,000 Preference…

A: Proprietary ratio is one of the solvency ratio of the business which is useful for determining…

Q: The following are the causes of the dissolution of the firm except Insanity O Incapability to…

A:

Q: Create simple examples to illustrate the following concepts. i. Time value of money ii. Effective…

A: i) Time Value of Money: The concept of time value of money underlines that the value of money today…

Q: Q5) Find the capitalized cost for the following cashflow (consider 4 years for one cycle and MARR =…

A:

Q: You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends and…

A: Value of Investment (Opening) = No of shares x Market Price per share  = 100 x $25 = $2,500 Value of…

Q: Sunshine Industrial Ltd, a massive retailer of electronic products, is organised in four separate…

A: Return on investment (ROI) is a financial ratio used to calculate the benefit an investor will…

Q: QUESTION 1 dentify each of the costs listed below. Straight-line depreciation on factory equipment…

A: The costs incurred can be classified as fixed and variable costs. The fixed costs remains constant…

Q: Sent a bill to R. Hernandez, P2, 500 for car service rendered at his wedding Gas and oil bills paid,…

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

Q: What type of opinion is issued by the auditorr if he or she is unable to determine the overall…

A: Introduction: Auditing is the process of verifying, validating, and investigating all financial…

Q: In January 2013, Edi Thomas and George Lopez agreed to produce and sell chocolate candies under the…

A: Partnership: Partnership is a form of business organization in which two or more than two…

Q: tems. Item Quantity List Price Per Unit (RM) Tire 12 370 Battery 15 210 Sport Rim ? 140 The…

A: Trade Discount and Cash Discount: Trade discount is the discount which given on the list price or…

Q: The following data pertain to a two-stage serial system Compute the order quantities for the…

A: Economic  ordering quantity=2×A×O/cc pu pa where, A= Annual demand             O= ordering cost per…

Q: Westwood paid $245,000 in cash. Record the purchase in the journal, identifying each lot's cost in a…

A: In the journal entry, the amount of cash paid would be allocated to each lot with respect to their…

Q: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game…

A: Inventory refers to the stock that the company has not sold yet or is kept for the resale purpose…