What are the characteristics of an effective recovery strategy in the event of a disaster?

Q: A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays…

A: Formula used: Cash paid to manufacturer = Invoice amount - Discount amount

Q: Users of sustainability reporting information are not just primary users such as shareholders and…

A: Solution:- Sustainability report includes the following three items as follows under:- Economic…

Q: Explain the following terms as used in IAS 19 Employee Benefits: (1) The term 'defined benefit…

A: Defined Benefit Plan Defined benefit plan which is described as the long term employees compensation…

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A: solution introduction as per the relevant accounting standard related to intangible asset research…

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A: In this question, we have to tell about life-cycle costing and full cost accounting, whether these…

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A: Accounts Receivable means the amount to be received from customers in respect of sales effected or…

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A: Total Income refers to Sum of all Income incurred during the year.

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A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

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Q: The cash balance of AA Company had the following information: Descriptions November December…

A: A bank Reconciliation statement is a report that is prepared to know the differences between…

Q: Check my work mode : This shows what is correct or incorrect for the work you have completed so far.…

A: Depreciation is an accounting word that refers to a way of allocating the cost of a tangible or…

Q: Chapter 3 Product Costing 7. Total costs were factory overhead P100,000 (20% fixed), marketing and…

A: Under Absorption costing, all manufacturing costs (whether fixed or variable) are included in the…

Q: Which of the following is reported in profit or loss in accordance with PAS 1? I.      Sales revenue…

A: PAS 1: Presentation of financial statement prescribes the basis of presentation of general purpose…

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A: Operating income, also known as operating profit or Earnings Before Interest and Taxes (EBIT), is…

Q: Mode 6- Lump Sum Acquisition, With Direct Attributable Cost Numbers 14 and 15 On June 1. Thick…

A: Asset Valuation is the method of calculating the total value of the asset to be recognised in the…

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A: Cash management: It implies to a process that includes the management, collection, and effective…

Q: Assets received in donation should Obe expensed upon receipt. O should not be depreciated. O be…

A: Assets received in donation or Donated assets are assets given to the entity as a gift.

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A: Formulas: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours…

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A: The accounting equation states that assets equal to sum of liabilities and equity of the business.

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A: Segment margin equals contribution margin less traceable fixed expenses

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A: Net Income is the revenue amount reduced by cost of goods sold. The calculation is given below:

Q: Equipment with a cost of $70,007, an estimated residual value of $4,741, and an estimated life of 14…

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A: Balanced scorecards use both financial and nonfinancial measures to evaluate employees. The four…

Q: reported the following data. Administrative expenses 435,000 Cost of goods sold 1,289,000 Interest…

A: Single-step income statement refers to the straightforward form of statement which simplifies the…

Q: A jewelry store sells diamond rings, silver charms, gold bracelets and pearl necklace. The…

A: Solution Introduction Mark up on cost Mark up on cost means the profit margin is added as a…

Q: Prepare an Adjusted Trial Balance at November 30, 2021. Journalize the Closing Entries. (Hint—Use…

A: You have posted multi-part question, so as per our policy, only first three sub-parts are answered.…

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A:

Q: ACCOUNTING PROCEDURES, POLICIES, AND INSTRUCTIONS I. Maja’s Consultancy reports its operations…

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

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A: Lets understand the basics. When one entity purchase more than 20% of the share and less than 50% of…

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A: Lets understand the basics. Debt restructuring is a restructuring in which debt is restructure to…

Q: Choose the letter of the correct answer 1. Statement 1: Product cost under Variable costing are…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: 1 On January 1, 2021, Nebraska Company issued a 3-year bond with face value of P1,500,000 and a 9%…

A: Valuation Bond

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A: Capital investment is the long term investment in which the assets involved has useful life of…

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A: solution the present value of annuity technique is used for the problem where the equal annual…

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A: In the given question, Alcatraz division is selling 10,000 units to Capone division at $ 40 per…

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A: Flexible budget is not rigid and is prepared for actual results whereas static budget is not…

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A: Hyatt Company has declared two types of dividend- Share dividend and Property dividend.  Dividend…

Q: 56,000, P4,413,000 and P4,240,000 on December 31, 2020; 2021; and 2022. While the fair values are…

A: Revaluation Model In the revaluation model the determination of assets value will be determined by…

Q: The cost of equity is the rate associated with what the shareholders expect the corporation to earn…

A: Equity refers to the amount contributed by the owners of a entity i.e. shareholders of a entity.

Q: A machine costing $84,670 with a 5-year life and $79,709 depreciable cost was purchased January 1.…

A: Introduction: Depreciation: Depreciation is an expense to be shown in income statement. Decreasing…

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A: Lets understand the basics. Management calculates cash collection and cash disbursement details so…

Q: Required information Exercise 11-31 (Algo) Impairment; goodwill [LO11-8] [The following information…

A: Impairment loss is the loss incurred due to decrease in the asset's fair market value below its…

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A: The typical labour hour is the amount of time labour takes to complete a task. The company estimates…

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A: Taxable income is the one upon which a certain tax percentage will be applied to be paid to…

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A: Given statements Statement 1: In website development, application and infrastructure, graphical…

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A: The Statement of Comprehensive Income - The statement of comprehensive income is the profit earned…

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A: Discounting on bills receivable or note receivable means pledging to pay before the maturity date.…

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A: Formula: Total no. of pizza purchased = (No. of pizza sold per month x no. of months) + Ending…

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A: Profit margin is a measure of profitability of a company. It measures how much net profit is derived…

Q: issuing at P15 per share one-half of the 950,000 ordinary On January 1, 2021, Penn Company began…

A: Share capital is the base of every business that performs its functions. It is commonly known as the…