What are the most important Cash Inflows from Financing Activities Check All That Apply Issuing Bonds Issuing Stocks Paying Dividends   Buying treasury Stock   operating profits

Q: Pacific was a nich included a and registered ed in trade or b

A: Company included the car plan in its compensation = P3000000 General sense, Car or any motor vehicle…

Q: Brooke is evaluating two alternatives for improving the exterior appearance of her Victorian-style…

A: MARR or Minimum acceptable rate of return is the minimum rate of return that investors are expecting…

Q: pany is preparing its master budget for 2022. Relevant data pertaining to its sales, production, and…

A: A sales budget is a financial plan that estimates a company's total revenue in a specific time…

Q: A call center agent receiving a monthly salary of P21,000 with mandatory annual deductions of…

A: Gross income refers to the aggregate amount earned through person before the taxes as well as any…

Q: Griffin and Rhodes formed a partnership on January 1, 20X9. Griffin contributed cash of $120,000 and…

A: Introduction:- The following basic information as follows under:- On July 31, 20X9, the partnership…

Q: P9-4B (L05) (Gross Profit Method) Higgs Company lost most of its inventory in a fire in November…

A: The retail inventory technique is an accounting approach for estimating the worth of products in a…

Q: Pharoah Company purchased for $4,543,000 a mine that is estimated to have 45,430,000 tons of ore and…

A: Introduction: Depletion: Depletion expense to be recorded in Income statement. Depletion is…

Q: Omega Corporation purchased a motor vehicle worth P1,400,000 for the use of its executive.…

A: Concept of Fringe Benefit Tax

Q: In a period, sales are $140,000, purchases $75,000 and other expenses $25,000. What is the figure…

A: Net profit = Total sales - Total expenses

Q: P118,000 and by the employer of the wife. How much will be the total gross annual income of the…

A: Gross Income for Husband = P1,087,000 Gross Income for Wife =  P68,000

Q: Which of the following about the days' sales uncollected ratio is false?

A: Days sales uncollected is a Liquidity ratio that is used to determine number of days befire…

Q: Information about Hannah Industries for the month ending December 31, 2019, is as follows: Sales…

A: The cost of goods sold is given and the entire cost sheet is to be prepared with the help of given…

Q: The following information is available on a depreciable asset: Purchase date January 1, Year 1…

A: Given,           Depreciation method = Straight line           Useful life(from January 3, year 3 to…

Q: Gem Company classifies a portion of its retained earnings as appropriated for loss contingencies.…

A: Retained earning is the earning accumulated over a period of time. It is used for various purposes…

Q: Montello Inc. purchases a delivery truck for $14,000. The truck has a salvage value of $2,000 and is…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: • Bianca Capital issued 500, $1,000 convertible bonds at 103. Each bond will be converted to 10…

A: Bond retirement occurs when an organization repurchases bonds that something that previously issued…

Q: Which of the following is not a general ledger account? Net income Revenue Dividends Unearned…

A: General ledger account is used to prepare financial statement in a proper way.One can't imagine…

Q: In 2020, Bevins Company decided to change from LIFO to FIFO due to better representation of the flow…

A: GIVEN     In 2020, Bevins Company decided to change from LIFO to FIFO due to better representation…

Q: The following T-accounts represent November activity. Materials Inventory Work-In-Process Inventory…

A: T-Account: It is the ledger where accounting  entries are laid out in a way that resembles a…

Q: Snow Mountain Resort had a beginning cash balance of $9,720 for the quarter. During the quarter, the…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: Basic bank services do not include: Multiple Choice Checking. Bank deposits. Bank accounts. Cash…

A: Bank services are the services that are usually offered by banks. These are provided to attract more…

Q: A manufacturing company that produces a single product has provided the following data concerning…

A: Variable costing: It refers to a method of deriving net income by only considering variable…

Q: A company’s flexible budget for 19,000 units of production showed sales, $87,400; variable costs,…

A: Introduction:- The flexible budget is planned to change based on the level of units volume. It is…

Q: . In 2018, Delta Corporation bought a condominium unit on installment for the use of its executive.…

A: GIVEN    In 2018, Delta Corporation bought a condominium unit on installment for the use of its…

Q: During May, Lockmiller Company incurred factory overhead costs as follows: indirect materials,…

A: Working note: Total factory overhead incurred = Indirect material + indirect labor + utilities costs…

Q: Hardin Company is a division of a major corporation. The following data are for the latest year of…

A: GIVEN   Hardin Company is a division of a major corporation. The following data are for the latest…

Q: Rooney Company sells lamps and other lighting fixtures. The purchasing department manager prepared…

A: Inventory purchase budget: It is a budget prepared by the company for knowing the inventory needs in…

Q: god using a perpetual inventory system. (Round per unit cost to 3 decimal places, e.g. 15.647 and…

A: FIFO Date  #Units   Rate   #Units   Rate   Amount   #Units   Rate   Amount  01-Jun…

Q: A July sales forecast projects that 7,300 units are going to be sold at a price of $11.80 per unit.…

A: GIVEN   A July sales forecast projects that 7,300 units are going to be sold at a price of $11.80…

Q: At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets…

A: A) balance of job cost sheet Job no. 765-        $13770 Job no. 766-      $27840   B) cost per unit-…

Q: Would you still buy the term life insurance? Why or why not? Are there other examples other than…

A: Life insurance is actually the protection cover on which insured person if died within the time…

Q: 2. Prepare a separate production budget for each product for each of the first three quarters of the…

A: Introduction:- The following formula used to calculate production budget as follows under:-…

Q: Assume the following account balances on January 1, 2019 for a corporation. Accounts Payable $30,000…

A: Given, Beginning cash balance = $30,000 Cash receipts = $21,000 Repayment of loan = $10,000

Q: Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and…

A: Particulars Q R S T Target Sales $ 8,00,000 $ 4,00,000 $ 1,81,250 $ 7,98,750 Variable Expenses $…

Q: Able Company provides an incentive compensation plan under which its president received a bonus…

A: Bonus rate is 10% of corporation's income before income tax but after deduction of bonus.  Tax rate…

Q: On 1 January 2019, Bad Ltd acquired all the assets and liabilities of Wolf Ltd.   Wolf Ltd has…

A: GIVEN     On 1 January 2019, Bad Ltd acquired all the assets and liabilities of Wolf Ltd.   Wolf Ltd…

Q: 17. Jolo Corporation wants to revise the sales commission payment scheme. Currently, the 4 sales…

A: Lets understand the basics. For calculating indifference point between two option we need to use…

Q: If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the…

A: Sole proprietorship: In sole proprietorship only single person is the owner of the business.  Only…

Q: The standard hours allowed for the work performed are:

A: Standard hours allowed for actual output Standard hours allowed is the number of hours of production…

Q: SLO-5.3. If the credit terms are 2/10, n/30, the credit period is days. 3 010

A: Introduction: Credit period: In general sales can be of two types Credit sales and cash sales. With…

Q: Credits always increase which accounts? Assets, Liabilities and Common Stock Liabilities, Revenues…

A: Lets understand the basics. As per golden rule of accounting, all asset accounts and expense…

Q: Which is often the third step in a new business? Multiple Choice   Investing   Financing…

A: A cash flow statement, sometimes known as a "statement of cash flows," is one of the three most…

Q: You are a newly appointed accountant and have been asked to place a cost on the amount of wasted…

A: Costing of items should be done according to the amount incurred in purchasing those items. But, the…

Q: A company purchased a building worth $500,000 by paying $50,000 in cash and acquiring a bank loan…

A: Following journal entries will be passed to record purchase of assets and bank loan obtained : 1.…

Q: Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport.…

A: Variance analysis is an evaluation of the discrepancy between planned and actual data. The sum of…

Q: MC Qu. 12-42 Management of Wee Ones (WO), an operator... Management of Wee Ones (WO), an operator of…

A: Total profitability for all centers  = Actual  revenue  - Actual direct cost = $1610000 - $1460000 =…

Q: Chypre, Ic., produces a cologne mist using a solvent mix (water and pure alcohol) and aro- matic…

A: Disclaimer:   “Since you have posted a question with multiple sub-parts, we will solve the first…

Q: 5. Overhead budget. Round your answers to two decimal places, if required. January February March…

A: The overhead budget is prepared to record the overhead costs to be incurred for budgeted sales unit.…

Q: Suppose the economy is in a recession and the government is running a budget surplus. This implies…

A: budget surplus when there is more income than expenditure a surplus is indication that the…

Q: Using the following information, prepare a bank reconciliation_ • Bank balance: $7,651 • Book…

A: Introduction: Bank reconciliation statement: To Reconcile the balances between Bank book and Cash…