What is confidentiality? Give an example showing a violation of confidentiality.

Q: Requlred Informatlon Use the following information for the Exercises below. [The following informati...

A: Solution.    Cost = $85,400  Salvage = $5,000  Production = 402,000 units over the useful life  Prod...

Q: Concept Review 3.5- Please go to page 152 of the textbook.  Please complete the Financial Planning C...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: What is Milson's rate of return on common stock equity for 2021?

A: Return on Common Equity = Net Income for Common Stockholders / Average Common Equity Net Income for ...

Q: Blossom Company manufactures pizza sauce through two production departments: Cooking and Canning. In...

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: If a company uses a periodic inventory system, which of the following entry or entries are required ...

A: When a physical inventory count is done, a periodic inventory system simply updates the general ledg...

Q: QUESTION 4 On Jan. 1, 2017, Acme Industries put into service a milling machine that had a capitalize...

A: Introduction:- Depreciation is a term used in accounting to describe a method of distributing the co...

Q: what is the dividend yield?

A: Dividend yield is the rate of return which is measured as per the dividend paid by the company durin...

Q: In 2020, Clifford purchase a condominium unit from his friend, Ronald (condo unit owner). for P3,000...

A: Condominium unit is the residential unit owned by individual in a building or complex. Given that, P...

Q: R. Pedro Penduko resigned in 2019 after 20 years of service. He had the following income during the ...

A: Gross Income While calculating the gross income there are number of items which are exemption from t...

Q: On July 1, 2022, Damlen Jurado Company pays $12.000 to its insurance company for a 2-year Insurance ...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: 3. A business is generating an annual income of $100,000 for the next ten years with a salvage value...

A: Answer) Calculation of amount to be paid today Amount to be paid today will be the Present Value of ...

Q: What does it mean when we say that individuals as a group are net suppliers of funds for financial i...

A: The question requires the power of individuals to spent . Also where does they spent the remaining (...

Q: Micro-business entities can use which basis of accounting

A: Micro business entities have the option to us any of the following basis of accounting in the prepar...

Q: Bramble Company purchased equipment for $15600 on December 1. It is estimated that annual depreciati...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: Straight-Line, Declining-Balance, and Sum-of-the-Years'-Digits Methods A light truck is purchased on...

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage a...

Q: The Atlantic Medical Clinic can purchase a new computer system that will save $6,000 annually in bil...

A: In order to compute the maximum amount that Atlantic Medical Clinic should pay, the annual savings a...

Q: Peanut Company acquired 80 percent of Snoopy Company's outstanding common stock for $300,000 on Janu...

A: The parent company will report the “investment in subsidiary” as an asset, with the subsidiary. Owne...

Q: In an activity-based costing approach, a factor that causes costs is known as a а. cost activator O ...

A: Cost driver is the main root cause for the occurrence of cost. It has a higher impact on the total c...

Q: On February 1, 20x1, Paco Corp. acquired outstanding ordinary shares of School Inc. for cash. The in...

A: Introduction Goodwill is considered as an intangible assets and linked with purchasing of one compan...

Q: 5. What are vulnerabilities? Give some examples.

A: Vulnerabilities refers to the possibility of being exposed, harmed and attacked of an application so...

Q: QUESTION 22 Match the term on the left with the appropriate definition or description on the left. A...

A: An audit is when an auditor examines or inspects numerous accounting records, accompanied by a physi...

Q: The Caribbean Industrial Producers manufactures two products, “Zinc” and” “Ply”. The following sales...

A:

Q: 23) Under the allowance method, the entry to record the write-off of a specific account would A Decr...

A: In case of allowance method, in order to record the bad debts, the bad debts account will be debited...

Q: Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. ...

A: Winged Manufacturing Consolidated Balance Sheets      Dec 31, 2023   Dec 31, 2022 ASSETS      ...

Q: find out value of account receivable from following Cash $ 48,000 account payable $ 33,000 office eq...

A: A basic Accounting equation is given as: Assets = Equity  + Liabilities         

Q: Kendall, who earned $130,800 during 2021, is paid on a monthly basis, is married, (spouse does not w...

A: Federal tax withholding is the amount of money deducted from salary of an individual by his employer...

Q: Jerome's Fashion Dezigns sells a variety of items of clothing including footwear for men and uses a ...

A: A perpetual inventory system is software that estimates your inventory on a constant basis based on ...

Q: Calculate the break-even sales revenue and units for the two models of snowboards proposed. Calculat...

A: The question is based on the concept of Cost Accounting,

Q: s in the form of money orders. Assuming en the company books and the bank bala d the company report ...

A: Cash Balance in the balance sheet will include cash , cash at bank and investments that can be readi...

Q: Echo-Echo Ltd sells robots under warranty. Past experience has taught the company’s accountant that...

A:

Q: Depletion Prepare the following entries using a general journal: 1. A coal mine was acquired at a co...

A: journal entry for deletion expenses are as follows

Q: 1. Mr. Francisco, an employee of ACE Corporation, decided to retire after ten (10) years of service ...

A: Taxable income is that the portion of your gross income wont to calculate what proportion tax you ow...

Q: Direction: Read and understand the case below and continue to fill in the sales budget table. 1. XYZ...

A: Sales budget is an estimate of sales to be made in units, price and value for a future accounting pe...

Q: Which inventory valuation model serves as a middle-of-the-road approach for taxes and income? a.Last...

A: When a corporation values its inventory using FIFO, it reports reduced COGS, which boosts its gross ...

Q: Which of the following statements is false regarding intangible assets? O a. Intangibles with an ind...

A: Intangible Assets is a non monitory asset with our physical substance, such assets are identifiable ...

Q: The total bond interest expense that should be reported by the company for the year 2020.

A: Toledo Inc. has issued bonds of P 80,00,000 on 01.01.2016. The bonds are for a tenure of 25 years wi...

Q: Inventories Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 Raw Materials Work in p...

A: Conversion cost:  This is the cost of converting raw materials into finished goods. These costs incl...

Q: QUESTION ONE (1) Fresh Company produces a well-known perfume. The standard manufacturing cost of the...

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: Bright Limited is considering whether or not to accept a special contract to supply 2,000 identical ...

A: Solution The relevant cost are those which cost which increases / decreases the total cost of carryi...

Q: The balance in the supplies account on June 1 was $5230, supplies purchased during June were $3480, ...

A: Formula: Supplies expense = Beginning supplies + Supplies purchased - Ending Supplies

Q: Classify the following items that may cause discrepancy between accounting profit and taxable income...

A: 1. Collections of rental in excess of rent revenue reported during the period is a Taxable temporary...

Q: A company has return on sales of 20%, income of $50,000, selling price of $10, and a contribution ma...

A: Solution..   Return on sales = 20%  Net income = $50,000 Selling price = $10  Contribution margin = ...

Q: During 2011, Vien Co. introduced a new line of machines that carry a three-year warranty against man...

A: Warranty liability = Total expense recognized - Actual warranty expenditure The question requires ca...

Q: QUESTION 16 On, Jan. 1, 2018, ABC purchases a van for making deliveries to customers. Cash payments ...

A: Introduction:- A cost is the value of money spent on creating something or delivering a service that...

Q: On January 2, 20x1, Paul Corp. acquired 20% ownership interest in Simon Corp. for P1,350,000 and the...

A: Goodwill in Consolidation In the consolidation process the calculation of goodwill is the total cons...

Q: Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its dire...

A: Formula: Total Manufacturing costs = Direct materials + Direct labor + Manufacturing overhead

Q: temporary difference Interest earned on investments in tax-exempt government securities. Interest ...

A: Nondeductible expenses refer to those expenses which a company can subtract from its income in order...

Q: On July 1, 2021, Harvest, Inc., acquires 60 percent of Patricia Company for $360,000. The remaining ...

A: Introduction goodwill is considered as intangible assets that is linked with purchasing of one compa...

Q: Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $126,800 and has accumu...

A: >When a long term asset is disposed off or sold, a gain or loss is recognized in the books of acc...

Q: What is the purpose of the valuation allowance?

A: purpose of the valuation allowance are as follows