What is the effective utilization of funds

Q: Q.1 Company offered 10,000 ordinary shares of Rs. 10 at Rs. 12. Company received 8,000 shares…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: juice boxes are sold in the following options: Pack of 6, for $0.99 Pack of 12, for 1.79 Pack of 24,…

A: 1 DOLLAR = 100 CENTS

Q: ILLUSTRATE THE VARIOUS COST CLASSIFICATIONS. (PLEASE INCLUDE PHOTOS OR TEXT FOR THE EXPLANATION)…

A: A variable cost is a cost that varies,in total,in direct proportion to changes in the level of…

Q: ILLUSTRATE THE VARIOUS COST CLASSIFICATIONS. PLEASE INCLUDE PHOTOS OR TEXT FOR THE EXPLANATION)…

A: Cost refers to the monetary value of expenditures for raw materials, equipment, supplies, services,…

Q: The words accountancy and financial environment are sometimes used interchangeably

A: Accounting aids in the achievement of an organization's objectives and goals and the reporting of…

Q: On February 3, the company purchased materials amounting to P950,000 on account. Transportation…

A: Perpetual Inventory System: A perpetual inventory system is a computer software that makes ongoing…

Q: Vaughn Company purchased a machine on January 1, 2019, for $59000 with an estimated salvage value of…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: At the end of the first year of operations mayberry advertising had account receivable of $21100.…

A: The allowance for doubtful accounts is created to record estimated bad debt expense for the period.

Q: A firm's stock has a beta of 1.75, Treasury bills yield 3.8%, and the market portfolio offers an…

A: Weighted average cost of capital is the combined cost of both debt and equity for the business.

Q: LLUSTRATION 8 On 31st March, 2008 Charlie Bank Ltd. finds that (1) On a term loan of $ 2 crores,…

A: NPA stands for non performing asset refers to the loan as well as advance for which the interest or…

Q: Duerr Engineering completed the following transactions in the month of June. Using the following…

A: Impact on Equity - There are some items that has Impact on Equity like Income, Expense and…

Q: Q.1 Company offered 10,000 ordinary shares of Rs. 10 at Rs. 12. Company received 8,000 shares…

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals also…

Q: 4. Production department records show the following: beginning work in process of 25,000 units (80%…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: 10 March Olga withdrew cash, $300 15 March Purchased goods on credit, $200

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: A pair of shoes is been sold for $38.49. b) The following option represents the best tax estimation…

A: Disclaimer: "Since you asked multiple questions in a single question hence we solved the first…

Q: A firm's stock has a beta of 1.75, Treasury bills yield 3.8%, and the market portfolio offers an…

A: Cost of equity is the cost which is pertaining to generate finance through equity in the business.…

Q: Reina Company maintained its books on a cash basis. During the current year, the entity collected…

A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are…

Q: Suka Tenis Group manufactured 100,000 tennis rackets in 2022 and reported the following costs: RM RM…

A: Cost of goods sold means the cost incurred on the manufacturing or purchase of goods which has been…

Q: A company paid $37,800 cash to acquire stock investments with insignificant influence. The correct…

A: That is in case of acquisition of stock with insignificant influence the investment is accounted by…

Q: Star Company provided the following data for the preparation of statement of cash flows for the…

A: Cash flow of Financing Activities: The financing activities refers to the flow of cash in an…

Q: QUESTION 4 Pearl Bhd is a manufacturing company operating in Puchong, Selangor. Since 2017, the…

A: 1. Statement of Cash Flow - This is the statement that shows the movement of cash within the…

Q: IFRS11-1 On May 10, Romano Corporation issues 1,000 shares of $10 par value ordinary shares for cash…

A: A record is often kept in the accounting records, but it can also be kept in a single account,…

Q: Abacus Ltd undertook the following transactions during May 2022. Purchased $18,480 inventory; terms…

A: The journal entry which records the financial events within a continuous accounting period is called…

Q: New Tyre Limited produces two types of tyres: standard and deluxe. It uses an activity-based costing…

A: Activity-based costing (ABC) is a costing method that identifies activities in an organization and…

Q: Crane Department Store estimates inventory by using the retail inventory method. The following…

A: Cost to retail ratio is a measure that helps in knowing, how much percentage of retail price is made…

Q: Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets December…

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

Q: An item is originally priced to sell for $85 and is marked down 40%. A customer has a coupon for an…

A: Introduction: If any discount is given on the selling price then new selling price is derived after…

Q: 38. Production department records show the following: beginning work in process of 25,000 units (80%…

A: Equivalent units are those number of units which are completed or manufactured in a particular time…

Q: Accounting 2. James corporation started his business as a sole trader January 1 2015. From the…

A: The last in, first out approach is a method for inventory valuation and management. When there is…

Q: 25. Production records show: beginning work in process of 10,000 units (50% material, 80%…

A: Process costing is one of the important method of cost accounting being used in business. This is…

Q: How much should be debited for the land account?

A: Land account should be debited with p5,000,000

Q: Find the trade discount on a computer that lists for $600 if a discount rate of 5% is offered. The…

A: Discount is calculated using the discount rate with the list price. Trade discounts are those…

Q: Zannel plc is considering a new project to produce a revolutionary surveillance device. The initial…

A: Cash flow includes only cash inflow and cash outflow. Depreciation is a non-cash expense and part of…

Q: Suraya wants to Buy a building. He went to apply financing with standard chartered. After proper…

A: Journal- Journalizing is the process by which businesses record their transactions in a systematic…

Q: 1. Mohammed is admitted to the partnership of Rashed & Ameer. Prior to his admission, the…

A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…

Q: How would you compare the costs and benefits estimated in

A: It is important to analyse the benefits and cost  associated with the tool . This  analysis provide…

Q: Oriole Choice sells natural supplements to customerswith an unconditional sales return if they are…

A: Seller is the person who sells goods to the customer. At the time of sale, seller can make estimate…

Q: To create 16,000 pieces of final product, the organisation budgeted $400,000 for 40,000 hours of…

A: The variance is the difference between the actual and standard costs incurred for the production.…

Q: In accounting for investment in associates, where an investor is not a parent, the investor will…

A: Associate is in company in within individual person or a body corporate has an investing interest…

Q: a) Find the net present value of the differential cash flows attaching to purchase of the new…

A: Calculation of present value of estimated cash outflows local authorities fire services .…

Q: 9 Ramer and Knox began a partnership by investing $72,000 and $102,000, respectively. The partners…

A: A partnership is a business form in which two or more people agree to engage in business. The…

Q: During the month of May 2022, Kingsway Ltd's employees earned total salaries and wages of $50,000.…

A: The following information given in the question: During May: 1. Total salaries and wages earn of…

Q: What are the benefits of merging and diversifying one's assets in order to lower one's risk?

A: when talking about diversification it is one of the best way to reduce and mitigate the risk . when…

Q: 1 March Olga started the business with $30,000 in cash 2 March Bought goods for cash $2,900 3 March…

A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…

Q: Required information [The following information applies to the questions displayed below.] a. On…

A: Short term investment = 1000 shares × $10 = $10,000

Q: Income Statement

A: Earnings before interest and tax refer to the revenue after deducting all the expenses relating to…

Q: On June 1, 2021, Johnson & Sons sold equipment to James Landscaping Service in exchange for a…

A: Revenue needs to be properly recorded and accounted by the entity as it falls under the fundamental…

Q: mentions at least four elements that people with functional diversity add to the company

A: A workplace diversity place is essential for every organization because the work environment can be…

Q: Native Wood Products Ltd sells hand-made coffee tables. The shop owner has divided sales into two…

A: Breakeven sales revenue is that level of sales at which business is only recovering its fixed costs…

Q: Ronin, Inc. had pre-tax accounting income of $2.700,000 and a tax rate of 40% in 2018, its first…

A: Introduction: Income tax payable is a part of accounting in the current liabilities section of a…