What is a cybercrime?
Q: Jaguar Ltd purchased a machine on 1 July 2016 at the cost of $640,000. The machine is expected to ha...
A: (a) Calculate the company’s taxable profit and hence its tax payable for 2017. Particular Amou...
Q: Till in the blanks For euch of the pollowing independent coes. In all situation , selling price is P...
A: Under the absorption costing, the fixed manufacturing overhead is treated as product cost and includ...
Q: A partnership borrowed P20,000.00 from "A” at clearly usurious interest. Can the creditor recover an...
A: A partnership is a form of business organization in which two or more people work together for the a...
Q: If you would like to invest money, which bank offer would you prefer if you do not plan to withdraw ...
A: Compound interest: The amount of interest received or earned for multiple-interest time periods, on ...
Q: What is the journal entry of the transaction: Received cash of Php 120,000 as donation.
A: As per accounting concepts, incomes are credited and increase in assets are debited.
Q: What is the Amount Realized, Type and amount of Basis, and Gain or Loss of the following: Quagmire n...
A: Basis: This term shall refer to the cost of the property or the asset i.e. the amount paid for the a...
Q: 1. If you have the following information about ice-cream manufacturing unit Year Net Discount rate R...
A: Net present value means the difference between present value of cash inflow and present value of cas...
Q: The maker of Winglow is purchasing a new stamping machine. Two options are being considered, Rooney ...
A: Variable cost refers to the cost which varies with the change in level of production whereas fixed c...
Q: а. $150,000 b. $100,000 С. $125,000 d.
A: Manufacturing Overheads are the various indirect material, labour and other costs incurred during a ...
Q: Consider a hybrid vehicle with a sticker price of $31,500. This vehicle will average 30 miles per ga...
A: The question is based on techniques of capital budgeting to compare benefits of two given alternativ...
Q: Provide a real-life example of a long-term external source of finance (debt or equity issue) used by...
A: I have explained 2-3 companies of US in the next sheet when it comes to the deployment of long term ...
Q: REH sells architectural designs to clients. In 2020, the company sold 120 designs for P3,600,000. Fo...
A: Sales revenue: Sales revenue can be defined as the income generated by the company though selling th...
Q: Following information were taken from the records of Mian Abdur Raqeeb & Co. for the year ended ...
A: Cost of goods sold can be defined as the total cost of goods which includes various direct and indir...
Q: Why might a firm decide to implement only certain modules in an ERP system rather than a complete im...
A: Enterprise resource planning is software which helps in integrating the transactions of departments ...
Q: 2. Mr. Dizon borrowed P35,000.00 from the cooperative bank. Find the simple interest if it is to b...
A: Given information Amount borrowed (Principal) =P 35,000 Interest rate= 1.5% per month Period for whi...
Q: THE WEALTHY Co. is a wholesaler of office and school supplies. The following are the transactions of...
A: Date Transaction Amount Business/bank form to be filed up Journal Journal entry July 1 Winnie Sy...
Q: The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: ...
A: Income statement is prepared from the figure of adjusted trial balance and the figure in trial balan...
Q: The bank column in the cash book for June 2020 and the bank statement for that month for Haris are ...
A:
Q: W & Co., a logging company, received a letter from M, the new owner of a certain property, notif...
A: An agreement is said to be the legal and mutual concern between two parties upon a certain contract....
Q: SHORT ANSWER
A: Break even point is the condition where company earns no profit no loss, it just cover its fixed and...
Q: On 1 July 2019, Fisher Ltd decides to lease a cargo ship from XFinance Ltd. The term of the lease is...
A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want...
Q: short notes on: written management representations, audit completion memorandum, The management lett...
A: Audit is the term which is defined as the independent examination of the entity financial informatio...
Q: Rowena is employed as an architect throughout 2020/21 and received the following income during the t...
A: pay 0% on earnings up to £12,500* for 2020-21. then you pay 20% on anything you earn between £12,501...
Q: z, Drawing Will nge notes payable
A: The Trial balance figures in the question does not match. Hence, the question is solved with whateve...
Q: Blake furniture recently purchased new equipment for its plant. The list price of the equipment was ...
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
Q: Jahid (a mechanic) paid for the following items during the current tax year (2019-2020) and has appr...
A:
Q: Statz Company had sales of $1,600,000 and related cost of goods sold of $1,150,000 for its first yea...
A: Customer refunds payable=Sale×1.5%=$1,600,000×1.5%=$24,000
Q: The following are the accounts of JRA Ltd. a company that manufactures playground equipment, ...
A: Return on equity = Net Income/ Shareholder's Equity*100 Return on equity (For 2016) = 6300/35700*100...
Q: At the end of 2020, Payne Industries had a deferred tax asset account with a balance of $90 million ...
A: In order to prepare journal entry to record income taxes of Payne for 2021, two entry will be record...
Q: Robert Provider purchases a joint and survivor annuity providing for payments of $200 per month for ...
A: Joint and Survivor annuity : An insurance service product for couples, where the paymen...
Q: Post this transaction itno ledger and make a trail balance
A: Journal entries are passed in the books of accounts to record every single transaction. In this one ...
Q: Alfredo Company purchased a new 3-D printer for $90,000. This printer is expected to last for ten ye...
A: original cost =90000 Scrap value =15000 Straight line depreciation =90000-15000/10 Straight line dep...
Q: The following trial balance extracts (i.e. it is not a complete trial balance) relate to Adongo as a...
A: Given: The trial balance sheet and the relevant notes were given.
Q: An asset was purchased six years ago at a cost of ₱7,000. It was estimated to have auseful life of t...
A: Sunk cost is the expense which had been incurred but not recovered yet. Cost of equipment or lease e...
Q: Alex Limited (a GST registered firm) is planning to have a Christmas party for staff. This party is ...
A: Tax laws are the rules and regulation which has to be followed while paying taxes to the Federal gov...
Q: Suppose your company has just discovered $100,000 worth (this is the original manufacturing cost) of...
A: Profit on re-machine; $60,000-$30,000 =$30,000 profit on scrap out: Expected profit $15,000
Q: A. On December 2020, Al NASR Islamic bank buys a government bond worth $1000mln by issuing new money...
A: The process of money creation by the commercial banks starts as soon as people deposit money in thei...
Q: Exactly 10 years ago, Boyditch Professional Associates purchased $100,000 in depreciable assets with...
A:
Q: Partner Quito had a beginning capital balance of P35,000 and made additional investments of P27,000 ...
A: A partnership capital account depicts the equity of the partner in a partnership. It includes the am...
Q: Explain the following and analyze how they affects trading decision(s) making andanalysis of investm...
A: Better investment decisions if you can overcome your emotions and behavioral biases. But first, it’s...
Q: After you determine the Amount Realized, Type and amount of Basis, and Gain or Loss of the following...
A: When a person sells any house property, there may be a gain or a loss on sale and is taxable in the ...
Q: Journalise the following transactions and post them into ledger and make trail balance
A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in ...
Q: The Accounts Receivable balance for Lake Company at December 31, 2017, was $20,000. During 2018, Lak...
A: Percentage-of-receivables method: This method estimates the allowance for bad debts expense at the e...
Q: P/E Ratios and Bubbles?
A: Price Earning ratio shows the relationship between price of the company's share with Earning per sha...
Q: What does it mean that manufacturing overhead is applied to inventory?
A: Manufacturing overhead is defined as all the indirect costs which are incurred during the process of...
Q: BAX Plc. produces and sells a specialised computer software programs. Estimated unit data for next y...
A: Break-even point calculates the sales volume or value which is sufficient to absorb all the costs.
Q: 4. The trial balance below was extracted from the books of ClciCaca Enterprise as at 31 Mac 2020: Pa...
A: Net sale=Sale-Return=RM 950,000-RM 44,000=RM 906,000
Q: On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/...
A: Introduction Journal entry may be defined as a process of recording business transactions into the ...
Q: On 1 January 20X8 Hendrix Co revalued its property to $200,000. Up to the date of the revaluation, t...
A: We have the following information: Cost of the property: $160,000 Accumulated Depreciation: $40,000...
Q: Outline FIVE weaknesses in ratio analysis
A: Ratios are relative in nature and not absolute and therefore possess some weaknesses as well.
What is a cybercrime?
Step by step
Solved in 2 steps
