WHAT ARE THE FEATURES AND TYPES OF FOREIGN TRADE?

Q: Given the following cost and activity observations for Leno Enterprises' utilities, use the high-low...

A: Variable cost per Machine Hours= (Highest activity cost - Lowest activity cost) / (Highest Machine H...

Q: The company is desirous of comparing several financial transactions and possible outcomes to assist ...

A: Stockholder’s equity is prepared to disclose the changes that occurred in the stockholder’s equity d...

Q: Sales (18,000 units) Variable expenses Contribution margin Fixed expenses $ 360,000 144,000 216,000 ...

A: Formula: Contribution margin ratio = ( Contribution margin / Sales revenue ) x 100

Q: DEF Company has several subsidiaries that are included in its consolidated financial statements. In ...

A: GIVEN       Dr Cr Current Receivable Due from Main Co. 32,000   Noncurrent Receivable from Ma...

Q: Assume the following five facts: • budgeted fixed manufacturing overhead for the coming period of $...

A: Predetermined plantwide overhead rate = budgeted variable manufacturing overhead rate + budgeted fix...

Q: Quarterly income tax payments made by a non-resident citizen taxpaye nay be claimed as O neither a n...

A: Tax credit means amount can be substrate from total payable tax and offset overall liabilities.  

Q: machinery purchased under terms FOB shipping  point Interest on loans borrowed to purchase  an equip...

A: cost of property plant and equipment includes any cost that has been paid for acquiring such as it a...

Q: tamara and Golda both calendar year tax payers each own a 20% interest in partnership TGT tech 18 in...

A: A calendar year is the one which is used by the accountants as accounting year. In this year, requir...

Q: When the fair value of plan assets is multiplied with a discount rate, an interest expense arise.  ...

A: There is mainly two types of accounts which are kept in the defined benefit plan.  One is Defined Be...

Q: QT, Inc., and Elppa Computers, Inc., compete with each other in the personal computer market. QT ass...

A: Average inventory = Beginning inventory + Ending inventory 2                                  QT = ...

Q: Factory, a small manufacturer of high quality lags, etc.) has fixed costs of $4,000 per month each u...

A: Breakeven Point is when the company  makes no profit or loss. When the contribution margin equals fi...

Q: A) A Parent Company acquired 60% equity interest in a subsidiary company for £440 million. The Marke...

A: Lets understand the basics. For calculating goodwill through proportionate share in net assets then ...

Q: Additional informátion: Rent, insurance and lighting expenses are to be apportioned between factory,...

A: Manufacturing Account: Information about all the expenses and costs incurred in the preparation of t...

Q: Refer to the following transactions. a. Issued 400 shares of $100 par value preferred stock at par. ...

A: Financial statements includes: Balance sheet Income statement Cash flow statement Statement of chan...

Q: Janna is a sole proprietor engaged in the distribution of real estate. During the year, he sold a lo...

A: For taxation purpose, sale proceeds shall be considered as fair market value Taxable amount = Fair m...

Q: Accounts Recelvable Turnover and Days' Sales in Receivables Rosco Co. manufactures and markets food ...

A: Ratio analysis helps to analyze the financial statements of the company. The management can take dec...

Q: Which of the following statements is true regarding minimum corporate income tax? Minimum corporate ...

A: minimum corporate income tax in Philippines,  2 % of gross profit is imposed on domestic and residen...

Q: Justify Emily’s participation in her employer’s 401(k) plan using the time-value-of-money concepts b...

A: The future value of the annuity is the group of repeated payments for a specific future date, deduct...

Q: The following data were taken from the records of a citizen decedent: Land inherited from his mothe...

A: Estate Tax: When an individual transfers his/her property to the beneficiary person on his/her demis...

Q: Which of the following is deductible from gross income? Loss from a business receivable from a custo...

A: Loss from a business receivable from a customer which is estimated to be doubtful of collection: All...

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A: A  cost object can be a department , product , service or anything for which cost can be assigned . ...

Q: [The following information applies to the questions displayed below.] Trey Monson starts a merchandi...

A: Inventory valuation method includes: FIFO Method LIFO Method Weighted average Method FIFO Method -...

Q: A company uses an overhead absorption rate of £6·50 per labour hour, based on 40,000 budgeted labour...

A: Absorbed Overheads = Overhead Absorption Rate x Actual Labor Hours

Q: Di Stefano Office Supply Company received a bank statement showing a balance of $68,355 as of March ...

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with ...

Q: A company uses an overhead absorption rate of £6·50 per labour hour, based on 40,000 budgeted labour...

A: Under (over)absorbed overhead for the period = Actual total overhead expenditure - Applied overhead ...

Q: teve Osbourne is considering opening a business, but the major decision faced is how to organize the...

A:   In my capacity as a consultant I will inform and educate and advise Steve with regards to a corpor...

Q: Conduct an acquisition analysis for Bermuda Purchase Consideration [ Choose ] Net Identifiable Asset...

A: On November 1, 2020 Bermuda Ltd. acquired all the assets and liabilities of Triangle Ltd. We are giv...

Q: Which of the following is not a liability? a) Amounts owed to shareholders as capital b)  Governmen...

A: Amount owed to shareholders is not a liability. We recognise liability in the balance sheet if there...

Q: Investments in Stocks - This portfolio is composed of GKKB Company shares (GanyanKabaKatigasBash) an...

A: A current account which is related to the securities account is known as the investment account. Thi...

Q: 20. Below is an internal control associated with some financial statement audit cycle that the audit...

A: Internal controls are the procedures, rules and system which is established by the company to preven...

Q: Costello & Summers are partners in a merchandising business. During 2014, they withdrew their salary...

A: Costello’s Capital A/c Particulars  Amount Particulars  Amount To drawings P35,000 By balance b...

Q: Lease bonus is recognized by the lessor as a liability amortized over the lease term. * True or Fa...

A: Introduction:- A lease defined as where one party provide or gives right to use a property to anothe...

Q: 3.14 Cue and Peed entered into a partnership on March 1, 200A. They agreed that Cue, the managing pa...

A: Partnership Contract: Partnership contract is an agreement initiated between the partners who mutual...

Q: Economic Order Quantity. Assume that Every- man's Bookstore uses up cash at a steady rate of $200,00...

A: Cash management would seem to be the procedure of collecting and handling cash flows. Individuals an...

Q: Journal Entries Account Particulars Cash (100000*30) Common Stock (100000*0.6) Additional paid in ca...

A: Solution Stockholder Equity is the owners equity it is found out after deducting liabilities from th...

Q: The following data were taken from the records of a citizen decedent: Land inherited from his mothe...

A: Vanishing deduction is deducted at 80%:  Value to Take/Initial Basis 15,000,000 Proportional D...

Q: How much is the total donor's tax due of Spouses Oredan?

A: Donation tax is the tax which has to be charged on the donations made during the year and the donati...

Q: In this scenario, you are presented with the company’s financial records. This activity requires vig...

A: You have posted multiple questions, s as per Bartleby policy, only the first question is answered. I...

Q: What is the criterion a company uses to decide whether to include an expenditure in the cost of prop...

A: Solution:- The following criterion a company uses to decide whether to include an expenditure in the...

Q: 6. Mr. and Mrs. Tan own 100% of the common stock of ABC Company and 90% of the common stock of XYZ C...

A:                                   Mr & Mrs Tan own 100% of the common stock of ABC Co. & 90%...

Q: Shaw Incorporated began this period with a budget for 1,050 units of predicted production. The budge...

A: Volume Variance is a way to determine whether or not there is a discrepancy between the actual amoun...

Q: Refund of value added taxes in the current year which were errone paid in a prior year is generally ...

A: Refund of value added tax is not a income. It is just refund of amount which was erroneously paid.

Q: Determine the activity rates for each activVity. Fabrication %4 per direct labor hour Assembly %$4 p...

A: Activity based costing uses different activity based on which the costs has been incurred. The activ...

Q: A trial balance that contains real accounts only  is: a. an interim trial balance                  ...

A: Trial balance is the list of accounts of a business with their respective balances.

Q: The cost of inventory sold during the current year is clansified as atri in the O Liability, Balance...

A: The Inventory sold will create an income for the for the firm. Whereas, the cost of goods that are s...

Q: STARS Company reported net income for the current year 2021 before taxes is P4,288,000. The followin...

A: Tax payable: The amount of tax required to be paid by the taxpayer every year is called tax payable....

Q: When Danny withdrew from John, Daniel, Harry, and Danny LLP, he was paid P80,000, although his capit...

A:

Q: AA, BB and CC are partners sharing profits in a 5:3:2 ratio, and with capital balances of P95,000, P...

A: Its Given Capital  AA = 95,000 BB = 80,000 CC = 79,100 DD brought 80,000 cash and buy 15% of BB’s sh...

Q: For the current year, Parker Games has the following inventory transactions related to its tradition...

A: Under FIFO method, the cost of goods sold = 106*21 + 51*16                                          ...

Q: Which of the following bills would require the vote of absolute majority in order to be passed? 1. A...

A: Following is the correct option