What are the disadvantages of cutting expenses and costs , when it comes to working capital and operating cycle?

Q: (The following information applies to the questions displayed below. a On October 1, the Business St...

A: Inventory is the amount of stock that the company has held for the purpose of selling it in the mark...

Q: A grouping of the entry's accounts is referred to as a ledger.

A: The accounting is process to record the transactions, post the transactions, prepare the trial balan...

Q: S acquired 100 percent of F for P275,000. At the date of acquisition, F had the following book and m...

A: None. Since there are no revenues and expenses of F (acquiree) presented at the date of acquisition....

Q: For each of the following (1) identify the type of account as an asset, liability, equity, revenue, ...

A: Assets Assets are resources that are controlled which results from prior transactions that are expec...

Q: Reggie makes $400 per week and has a cash taxable benefit of $5 00 per pay He is paid weekly How muc...

A: 1: Calculate the basic pay-period exemption Divide the basic yearly exemption ($3,500 for 2021) by t...

Q: Sales revenue $7 700 000 Cost of goods sold Beginning inventory $1 900 000 Purchases 4 400 000 Goods...

A: The cash flow statement is prepared to record the cash flow from various activities during the perio...

Q: In an income statement, total Sales and revenue in $230,000 and total operating expenses is $80.000....

A: Solution Net income = Total sales and revenue - Total operating expenses - Tax.

Q: The management of Amex Corp. plans to meet a future capital expenditure by depositing $25,000 into a...

A: The present value of the investment is the amount that one invest in the current period. The future ...

Q: .Which of the following transactions affects the total value of liabilities of a firm? Goods purchas...

A: Solution: Transaction that affect total value of liabilities of a firm, is the transaction that eith...

Q: What are the importance of financial statement? What is the purpose of financial statement?

A: The financial statement is organized summaries of detailed information about the financial positions...

Q: Using the following information, determine the overhead rates and the actual cost assigned for each ...

A: Activity rate = Estimated overhead costEstimated use of cost driver  Irrigation installation = Over...

Q: Bravery Pte Ltd, was incorporated on 16 January 2019 as a manufacturing company with an accounting y...

A: Taxes are mandatory donations levied by a government entity, whether local, regional, or national, o...

Q: GHT Corporation reports the following amounts in its December 31, 20XD income statement: I5950.000 C...

A: Net Sales=Sales-Sales Returns & Allowances-Sales Discounts Gross Profit=Net Sales-Cost of Goods ...

Q: ll be a tax

A: Tax refers to the percentile charges imposed by the authoritative government over the income gained ...

Q: Which is true regarding the Non controlling interest? [a] It is accounted for in the subsidiary’s b...

A: Non controlling interest is also known minority interest. Minority interest means held company's equ...

Q: A machine costs rs. 22,000 and it's salvage value after its useful life of 5 years is rs. 4,000. Ear...

A: Discounted cash flow method is an analysis used widely by the management to determine the profitabil...

Q: In a business combination - stock acquisition, difference between current fair values and book value...

A: Solution Concept Goodwill                 In a business combination - stock acquisition, difference ...

Q: 18. A(n)_ would be an example of a bond issuer, while an individual would be an example of a bondhol...

A: The correct answer is: Company: It is because company, being an entity is permitted to raise funds ...

Q: On January 1, 2021, Marigold company acquired a computer amounting to P47,000, transportation cost o...

A: Cost of computer = Purchase price of computer + transportation cost + installation cost of desk    ...

Q: A company manufactures and sells a single product. Budgeted data per unit of the product is:  $ per ...

A: The question is related to the Marginal Costing and Absorption Costing. The details for two period i...

Q: Which of the following statements is true about expropriation? Multiple Choice Small firms are more ...

A: Expropriation is the act of a government claiming privately owned property against the wishes of the...

Q: (b). Briefly discuss how a firm should choose its debt-equity ratio.

A: Debt- equity ratio is the ratio which measures about how much the firm is financed through the funds...

Q: PART I- FMT Company had the following balance sheets and income statements accounts over the last th...

A: Horizontal Analysis - Horizontal Analysis is calculated by first calculating difference between bas...

Q: ill up the blank space.  A company has 12,247 customers they extend credit to, they will have 1 ___...

A: Solution Concept Account receivables is the amount that is receivables from the customers when goods...

Q: A car dealer advertises the sale of a car model for a cash price of P 280,000. If purchased on insta...

A: As per the given question : The cash price of a Car = P280,000 Down payment = 15% Monthly instalment...

Q: Williams Corporation reports the following direct labor information for November: Standard rate Actu...

A: Variance is considered as the difference between budgeted value and actual results. The management u...

Q: On January 1, 2020 Machu, Inc. acquired mining rights near Cordillera for P20,000,000 for 10 years, ...

A: Solution Comprehensive income  includes net income and unrealised income , such as unrealised gain o...

Q: 36. Inventory records for DD Incorporated revealed the following: Number Unit Date Transaction of Un...

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

Q: Part #2: K Company is planning its cash disbursements for the upcoming months. In June, it anticipa...

A: 60% of purchases and 20% of pyrolls of june are paid in july

Q: Problem 1 In 2020, Plumpton Company started selling new computer that carried a 2-year warranty agai...

A: The warranty expense is the expense which arises with the sales made during the period.

Q: Garda purchased $690,000 of merchandise in August and budgets merchandise purchases of $670,000 in S...

A: Lets understand the basics. Cash payment and cash collection schedule is required to make so that to...

Q: RR Corporation acquired 80 percent of the stock of GG Company by issuing shares of its common stock ...

A: The question is related to Consolidated. The details are as under RR Corporation Share = 80% Non-con...

Q: ne lease agreement, jutling machi: ave been obtained from Lessee's ght-line depreciation for its jut...

A: Lease refers to the contract by which one part rents out an asset for a desired period of time and p...

Q: A corporation is closing its business on December 31, 2021 due to financial incapacity after being h...

A: Ending inventory balance refers to the amount of inventory which the company has in stock at the end...

Q: Santos Company is preparing a cash budget for February. The company has $16,000 cash at the beginnin...

A: Cash budget means expected cash receipts and expected cash payment with opening and closing cash bal...

Q: Use the following to answer questions 7– 17 During September, KC Company sells 730 mountain bikes fo...

A: 1. FIFO Method - Under FIFO Method, Inventory purchased first is sold first. 2. LIFO Method - Under ...

Q: Part #1: At the beginning of October, L Company had 1,600 finished goods units. Budgeted sales for O...

A: The production budget tells about the number of units to be produced during the period after adjustm...

Q: Everlast Manufacturing Company uses a predetermined manufacturing overhead rate based on a  percenta...

A: To arrive at a set overhead rate, the manufacturing overhead cost is divided by the activity driver....

Q: Colt Company 1. 3

A: A cash account refers to the account which reflects all the money transactions made by an entity.

Q: a. Who will suffer negative effects if you do not comply with Lisa Infante's instructions? Who will ...

A: (a) If you do not follow LisaInfante's directions as assistant controller, you may face certain cons...

Q: Exercise 5-35 (Algo) Methods of Estimating Costs: High-Low, Ethical Issues (LO 5-4) Oak Island Amuse...

A: Variable cost means the cost which vary with the level of output where as fixed cost remains fixed w...

Q: Distribution Center 1: Finished goods stocks of 30,500 lots for Apple with 2% electrical failure per...

A: Internal Failure costs are cost associated with defects found before the customer receives the produ...

Q: Owner, Juan invested an initial capital amounting P50,000 in order to put up his janitorial services...

A: Solution Given initial capital  50000  revenue During the first year of operations  7500...

Q: Explain why proponents of LIFO argue that it provides a better match of revenue and expenses. In wha...

A: Inventory Valuation: An inventory valuation is the financial sum related to the products in the stoc...

Q: it advisable to create a separate cost center or at least a separate cost location for the new envir...

A: solution Concept Cost center                 Cost center is basically a department which requires th...

Q: The accountant may spread the cost of a building over many years primarily because of the a. fiscal ...

A: Solution Accounting assumptions are the set of rules that makes it mandatory for the companies to co...

Q: the owner wishes to replace the old planner by a newly – designed planner with several advantages. T...

A: 1. Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of th...

Q: Which of the following accounts would normally be found on the credit side of the adjusted trial bal...

A: Trial Balance: Trial balance is a statement in which the closing balance of all ledger accounts are ...

Q: partners with the following P/L ratio and capital balances: A (60%) P100,000; B(30%) P60,000; and C ...

A: Journal entries refers to the process of collecting and documenting all the transactions of a compan...