True or False For any economy study based on our discussions, it is always necessary to determine the profit to evaluate the better/best alternative
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: Metaverse has become one of the most noticed innovations by leaders who consider themselves capable ...
A: The Metaverse is a type of virtual assistance. Innovative technology that is implemented into the bu...
Q: Prepare the post-closing trial balance.
A: Post closing trial balance means a trial balance where all item of revenue and expenses has been fin...
Q: Raindrop Inc owes a past due bill to Jax Corp. On August 8, Jax agrees to accept a $5000, 8%, 120-da...
A: 1. Original interest and maturity value Interest= $ 5000*8%*120/360 = $ 133 Maturity value= Interest...
Q: The business type of this company is food services industry. Give me an analyzation or interpretati...
A: Operating cycle: The operating cycle indicates the length of the period required for a business to m...
Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. The ...
A: Uncollectible account expense- Uncollectible accounts expense is accuse made to the books when a con...
Q: Tome Insert Draw Page Layout Formulas Data Review View O Tell me e Share X - A A Σ E Insert v Calibr...
A: A bond is a fixed-income investment that represents an investor's debt to a borrower (typically corp...
Q: Mahmood establishing his photography studio December 1, 2021. During the first month of operations, ...
A: Introduction: Ledgers: First all the transactions are to be recoded in Journals and then all the jou...
Q: A pharmaceutical company has been able to generate a capital of $5 million from a generous investor....
A: Introduction:- Capital is a wide phrase that can refer to anything that provides value or advantage ...
Q: ABC Company established a petty cash fund for small expenses of the offices of the main building whi...
A: Petty Cash refers to the cash that is kept aside for day-to-day expenses and has a small amount.
Q: Helpful Division of X Company makes two products, Small and Large. The company has always used Conve...
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-part...
Q: equirement 1. What is the variable utilities cost per machine hour? t's begin by determining the for...
A: To find out the fixed cost and variable cost from mixed cost, one of the methods used is a high-low ...
Q: The Liccorish Pizza bought $5,000 worth of merchandise from TechCom and signed a 90-day, 10% promiss...
A: Journal entry is the way of recording transactions whether economic or non economic with their debit...
Q: Silver Products has presented the following information for the past eight months operations: Month ...
A: There are three forms of cost : 1. Variable cost 2. Fixed cost 3. Semi-variable cost The high-low...
Q: Name Paper Works Inc. makes paper products and dumps its waste into the Fish River. The waste has ha...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: Interest income earned from maintaining bank accounts are tax-free: True False
A: As nothing is mentioned in the question, I'm considering Indian Income Tax Act, 1961 for the purpose...
Q: Substantive audit procedures Existence/Occurrence(E/O) Rights &obligations(R/O) Completeness(C) ...
A: Auditing of the financial position as well as the financial records of the organization are importan...
Q: 11. The trial balance of 8R's Company, Interior Decorator, for December 31, 2020 appears below: Acco...
A: Adjusted Trial Balance- The adjusted trial balance is one of the processes in the closure process th...
Q: A company's normal selling price for its product is $25 per unit. However, due to market competition...
A: Introduction: First in, first out (FIFO) is an accounting approach in which assets purchased or acqu...
Q: The following data pertaining to the cash transactions and bank account of ABC Company for May 2022 ...
A: Adjustment in cash Balance at Bank Particulars Amount Bank statement, May 31, 2022 - 95,874 ...
Q: Please explain step by step.Only number 4 and 5
A: 4. As it is stated in the question that the company has enough capacity available for special order,...
Q: . A debit to Sales Discount for P500 b. A credit to Sales Returns and Allowances for P500 c. A credi...
A: This is a loss to the vendor ( me) . So, it will be debited. Deduction in the invoice price will be ...
Q: Cushman Company had $824,000 in sales, sales discounts of $12,360, sales returns and allowances of $...
A: Calculation of gross profit are as follows:
Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. o The...
A: calculation of amount charged to collectible expenses as well as preparation of above necessary stat...
Q: 2018 2019 2020 2021 Revenue net income Revenue Net income Rev...
A: Horizontal analysis refers to comparison of items of financial statements as the preceding year or a...
Q: A company's 2019 income statement reported total sales revenue of $1,200,000; accounts receivable in...
A: Cash collected during the year is dependent upon the unearned revenue as well as increase or decreas...
Q: A reputable company plans to place an investment with a private equity firm with an amount of Php 10...
A: The question is based on the concept of Financial Management. Net present value is the difference be...
Q: On 17 January 2021, SA Traders, a debtor of Africa Traders, did a direct deposit payment of R11 0 Tr...
A: JF termed as Journal entries reporting of the transactions into the day book of the business and it ...
Q: (a) Indicate the missing amount for each letter. Case 1 Direct materials used $9,700 24 Direct labor...
A: Total Manufacturing Cost = Direct Material + Direct Labour + Factory Overheads Cost of Goods Manufac...
Q: the amo est expense to be capitalised It: the loan was specifically taken out to finance the bridge ...
A: Solution Concept As per the relevant accounting standard , the borrowing cost incurred on the qualif...
Q: From the following balances and given au account for the year ended 31st Dec, 2018*and Balance Sheet...
A: Trading Account Account For the year Ending 31.12.2018 Particulars Amount Particu...
Q: 1. ABM Company forecasts sales in units for January to May as follows: January 2,500, February 2,700...
A: Production budget is a schedule of number of units that should be produced to meet the targets of sa...
Q: In October, Dave quit his job with employer I and in December found a new job with employer II in a ...
A: Moving expenses Moving expenses is the expenses which was incurred at the time of shifting job from ...
Q: What type of services can a freight forwarder provide? O Containerization and consolidation of freig...
A: Question 6. Freight forwarders offer a wide range of services such as warehousing, preparation and f...
Q: What variable affecting gross profit should the manager focus his attention? Why?
A: Gross Profit is the profit arrived at by deducting cost of goods sold from the turnover or the sales...
Q: Tom loves cooking and after attending culinary school, he decided to start his own eatery in downtow...
A: Journal Entry Date Particulars Amount Amount 1 Jan Cash 500,000 Loan Payable 150,0...
Q: We have been producing product A for several years and look forward to several more years of sales a...
A: The decision to purchase a new equipment can be made by analyzing the costs to be saved by the new e...
Q: Notes Receivable Discounting Marienau Suppliers had the following transactions: Mar. 1 Sold merchand...
A: Introduction:- The act of recording or keeping track of any financial or non-financial action is ref...
Q: The following lots of Commodity Z were available for sale during the year. Beginning inventory 10 un...
A: Introduction: LIFO: LIFO stands for Last in First out. Which means Last received inventory to be sol...
Q: xpand its operation in Mindanao. With a loan amounting to Php5M payable in 12 periods and with inter...
A: Amortization refers to the concept of systematically and timely declining the principal amount of an...
Q: SportsWorld purchased property for $100,000. The property included a building, parking lot, and land...
A: As posted multiple independent questions we are answering only first question kindly repost the unan...
Q: MainCo Company's accounting policies require the company to maintain a petty cash balance of $235. M...
A: Answer) The correct option is: Account Titles Debit Credit Office Supplies expense ...
Q: ibble Company has observed that at an activity level of 8,000 units the cost for maintenance is £15,...
A: As per the High low method we should calculate the variable cost per unit first, we can use the belo...
Q: Crimson Inc. recorded credit sales of $750,000, of which $600,000 is not yet due, $100,000 is past d...
A: Allowance for Doubtful Accounts - Allowance Account is a contra assets prepare to record provision m...
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: Previous Balance Method: On February3, the billing date. Carol Ann Bluesky had a balance due of $124...
A: In order to determine the finance charge, the average daily balance is required to be multiplied wit...
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: 4. Statement 1: The newly formed partnership is still allowed to use any of the book of the sole pro...
A: Meaning of Partnership: A partnership is a formal arrangement by two or more parties to manage and o...
Q: Balance Sheet of XYZ Ltd as on 31‐Mar‐2015 and 31‐Mar‐2016 31.03.15 31.03.16 31.03.15 31.03.16 L...
A: The question is related to Cash Flow Statement. The Cash Flow Statement is summary of Cash receipts ...
Q: Fred is considering three job offers in advertising. • Afull-time position as a coordinator that pay...
A: Introduction Gross monthly income is the earnings before any deductions or taxes are taken out, annu...
True or False
For any economy study based on our discussions, it is always necessary to determine the profit to evaluate the
better/best alternative.
Step by step
Solved in 2 steps
- If you are to choose between viability and profitability, which one would you choose? Why?“Investors can only get normal profit”. Give detailed explanation on this statement and apply the market efficiency theory in your answerSelect all that are true with respect to the theory of market efficiency. Group of answer choices If markets are efficient, investors cannot earn positive returns If markets are efficient, it means prices are always "right" in that the reflect perfect foresight into what will happen in the future Strong form market efficiency suggests that all information, public or private, is reflected in current prices in an unbiased way Market efficiency suggests that relevant information is quickly impounded into prices If transaction costs are high, then prices are less likely to reflect all available information
- Examine the weak, semi strong and the strong form if market efficiency, examine the various ways to test the different forms of market efficiency?a. Another of Matilda’s colleagues is looking at the yield curve and asks for an explanation as to why it has the current shape. Matilda explains using the two forms of the “biased” expectations theory. Define the two forms, and explain why they are referred to as “biased”.Define Weak, Semi-Strong and Strong forms of the Efficient Market Hypothesis (EMH). a. How would you construct a test of the Weak form of the EMH? b. What have researchers found when testing the Weak form of the EMH? c. Outline how you would conduct an event study. What efficient market hypothesis are you trying to test? d. Give an example where researchers have used an event study and what did they find? Was it consistent with the EMH?
- I dont need to know how to use solver. I just want to know the optimal solution to produce for both, and the profit.Define Weak, Semi-Strong and Strong forms of the Efficient Market Hypothesis (EMH). Please answer C and D!!!!! a. How would you construct a test of the Weak form of the EMH? b. What have researchers found when testing the Weak form of the EMH? c. Outline how you would conduct an event study. What efficient market hypothesis are you trying to test? d. Give an example where researchers have used an event study and what did they find? Was it consistent with the EMH?Compare and contrast the concepts and investment implications of efficient market hypothesis(EMH), inefficient markets, and efficiently inefficient markets.
- please i just need a multiple choice answer Opportunity cost can best be defined as the a. value of the best alternative foregone when the alternative at hand is chosen. b. cost of the resources used to produce a good or service. c. money cost of a good or service. d. money cost plus interest on money borrowed to buy a good or service.Setting a goal of profit maximization has all of the following drawbacks except: Multiple Choice investors understand that generally, more profit is better Risk may increase as profit changes Profit fails to take into account the timing of benefits Accurately measuring profit is almost impossible" The sale forecast is the cornerstone for profit planning," why?
