What is interpretation of the usefulness of the contribution margin concept?

Q: If P5,000 is invested in a time-deposit for 2 years in a bank that offers 4% annual quarterly, how…

A: The interest earned on investment depends on the compounding of interest rate and period of deposit…

Q: Accounting At the end of January, $4,800 of accounts receivable are past due, and the company…

A: The bad debt expense for the period can be estimated on the basis of credit sales or account…

Q: All of the followings are True when the net present value method is used to choose between two…

A: Net present value is the excess of present value of cash flows over cash outflows or initial…

Q: ider s transactions for his credit card with statement Hollowing Die shows a April 30. The credit…

A: The credit card imposes a 2% monthly interest for unpaid balances and current purchases. Requires a…

Q: Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business…

A: The income statement shows the net income or net loss that is calculated by deducting the expenses…

Q: Annual depreciation on equipment at Charmed, Inc.is $2,100. The adjusting entry to record one…

A: Depreciation represents the reduction in the value of an asset over a useful life of the asset. It…

Q: Ann purchased a property for $1,000,000. She bought the property at a 7.00% cap rate. She finances…

A: Weighted average cost of capital, is the average cost which has to be incurred to raise money. It is…

Q: Sasha Novikov had P7,250,000 for his beginning balance of accounts receivable for 2022. It is the…

A: Accounts receivable relating to the previous year = P7,250,000 x 15%…

Q: Soft Feathers, Inc., distributes a high-quality wooden birdhourse that sells for PhP1,000 per unit.…

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

Q: To do: You are going to make up the ledger accounts (T accounts) and income statement

A: In order to determine whether the entity is making, the expenses are deducted from the income to…

Q: 1. An industrial plant purchase of assorted materials for production which cost in the amount of…

A: a. Computation of annual depreciation cost by straight line method.   =(Purchase cost + Handling and…

Q: Create a Trial Balance.

A: The trial balance has been prepared from the general journal. The general journal and trial balance…

Q: insured who wants to verify the deductible on Section I of their Homeowners policy should look at…

A: insurance policy is considered to be contract between the policy holder and the insurance this…

Q: me third question: In 2020, Al-Naw company sold 1,200,000 units of i- oduct at a selling price of 32…

A: Managers take decisions to increase the productions and profit but all may not work some work but…

Q: PB2. LO 5.1 The following selected accounts and normal balances existed at year-end. Make the four…

A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: to claim in the current taxation year, the full amount of a tuition credit made in that year.…

A: Tax:- A tax is the compulsory payment which is imposed by the government on income and capital…

Q: A company has purchases a new machine for $7,500, and the machine is expected to have a residual…

A: Formula : Depreciable cost = Asset cost - Salvage value. Deduction of Salvage vale from Asset value…

Q: Under weighted average method, the equivalent units used to compute the unit costs of ending…

A: Answer to (1): Under weighted average method, the equivalent units used to compute the unit costs of…

Q: Neighboring parishes in Louisiana have agreed to pool road tax resources already designated for…

A: a)

Q: In order to increase production capacity, Global Industries is considering replacement an existing…

A: Given: - Total cost of Machine= 160,000+30,000= 190,000 Useful life =5 year Tax rate= 40%

Q: December 31, 2021 P1,500,000 950,000 December 31, 202 P1,400,000 ventory ccounts payable 980,000 or…

A: Cost of goods sold = Beginning inventory + Purchases - Ending inventory Cost of goods sold =…

Q: Create a General Journal.

A: When the transactions take place in an entity they are first recorded in the General Journal. From…

Q: TASK 4 Calculate the cost per km of owning a truck. Cost price ife span pportunity cost of capital…

A:

Q: what is the remaining cost of the investment? After the exercise and sale of stock rights, what is…

A: Right shares refer to those shares in which the right to buy the shares is given to the shareholders…

Q: L Trading Company operates a branch in Dallas, Texas.  At close of business on December 31, 2008,…

A: Branch accounting refers to the accounting under which the separate accounts are prepared by the…

Q: P Company acquired 90% of S Corporation on January 1, 2014 for $2,250,000. S had net assets at that…

A: Investment in accounting means that the asset or the item which is acquired with the objective of…

Q: A client had the following investment transactions in 20X0: On March 20, purchased 1,000 shares of…

A: Number of shares purchased: 1,000 shares Price of ordinary shares: P80.50 Broker's fees: P500 Right…

Q: Describe the effect on retained profit as at 30 June 2020 and at 30 June 2021

A: Office supplies are accounted on accrual basis and the accounting is somewhat similar to accounting…

Q: On January 1, 2022, Marites deposited P15,000 in a bank that offered 2.5% annual interest compo…

A: The future value of deposit is the amount of interest accumulated over the period of time and…

Q: You are an investor looking to contribute financially to either company A or Company B. The…

A: The receivables turnover ratio is a financial indicator that evaluates a company's ability to…

Q: Annual depreciation on equipment at Charmed, Inc.is $2,100. The adjusting entry to record one…

A: There are three golden rules in accounting for recording the transaction : Debit what comes in ,…

Q: DEF Co. has provided the following data: December 31, 2022 December 31, 2021 P1,500,000 Inventory…

A: Cost of goods produced:   It is the cost incurred by the company in producing the goods. It includes…

Q: Balance Sheet (all values in £) Assets Cash Deposits with other Fls Investments (OECD gov. bonds)…

A: THE LOAN ASSET LOSS PROVISION RESULTS DUE TO NON-RECOVERIBILITY OF LOAN AMOUNT. THE POLICY HAS BEEN…

Q: Based on the above and the result of your audit, determine the following as of May 31, 2015: 16.…

A: Common Stock                 Number Par Value Amount Issued 840,000 2.5 2,100,000 Less:…

Q: Q12 Which of the following is correct in a regular way purchase (or sale) of a financial asset?…

A: Introduction:- Financial asset is an asset whose value comes from a contractual claim. The following…

Q: PT Kenko is committed to disposing of the building used by CGU ABC. As of June 30, 2021, all the…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Consider the information below for an individual: Home valued at $250,000 . Mortgage balance of…

A: Note: “As the question has more than 3 sub-parts, the first 3 subparts are answered. If you want the…

Q: What amount of cash did ABC Company receive on January 1, 2020?

A: Cash received from the bonds is the amount of cash which a company receives from the issuance of the…

Q: Determine the number of souvenir coins that must be sold per year to justify the purchase of a $6000…

A: The Break-even point is the situation where the company does not earn profit nor does it incur a…

Q: LORY SPRING WATER dispenses its product Natural Pure Water via vending machines with most current…

A: Breakeven point is that level of sales at which there is no profit no loss. At this level…

Q: ABC Company is in financial difficulties and was not able to pay the 10% interest of P100,000 due on…

A: One of the source used by the business entities so as to raise the funds and meet the financial…

Q: he second contract year. Receipts from service contracts for the 2 years ended December 31, 2021,…

A: Receipts from contracts are credited to unearned service contract revenue . Unearned service revenue…

Q: ABC Company manufactures two products, namely product A and product B. Data for two products in…

A: in order to calculate the break even point of two product the first step is to determine the…

Q: AJ Company computed a pretax accounting income of P5,000,000 for its first year of operations ended…

A: Current tax expense is the amount of tax that is payable for the taxable income calculated as per…

Q: 6. Consider a bank account with the following transactions for the month of June 2021: No. of Days…

A: Bank: It is a financial institution that accept deposits from and provide loan to public. This…

Q: You are required to complete the last column of the flexed budget by calculating the variance…

A: As per the norms of Bartleby, if multiple independent questions have been asked, the expert can…

Q: At the beginning of current year, Axed Company was authorized to issue share capital of 100,000…

A: The statement of shareholder's is prepared to record the equity that belongs to the shareholders.

Q: their warranty claims in 2023 was $320,000; $180,000 for parts and $240,0 2,890,000. heir warranty…

A: Warranty payable account is an provision account recorded under current liabilities. It estimates…

Q: define the following: D) Non-Resident Alien engaged in trade/business E) Non-Resident Alien not…

A: D: Non Resident Alien engaged in trade/business: A non-resident alien engaged in trade or business…