What is the present value if you can earn 8% interest compounded annually?

Q: The allowance method of estimating uncollectible accounts receivable based on an analysis of…

A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

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A: In finance lease the lessee has the option to buy the equipment at the end of lease period. The…

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A: Units produced = Total needed - Beginning inventory where, Total needed = Unit sales + Desired…

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A: The contribution margin is calculated as difference between sales and variable costs. The net income…

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A: A rate of return (RoR) is the flow of an asset over a certain time period expressed as a percentage…

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A: Calculation of Total Collections in March      March  Cash Sales of March  $   77,130…

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A: In the manufacturing or service industries, direct labor is labor that is assigned to a single…

Q: Dawn Mining Company mines selum, a commonly used material. The following i pany's report of its…

A: Standard Costing -Variance Analysis

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A: Formulas: Total manufacturing costs = Direct materials used +Direct labor + Factory overhead Cost of…

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A: Increase/(decrease) = Year 4 amount - Year 3 amount % change = Increase (decrease)/Year 3 amount

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A: Sales budget is that budget which shows estimated sales revenue to be earned from sales of goods and…

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A: NOTES: He purchase television on August 15, with buy now and pay later plan, the price is $1995.95…

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A: Introduction: Break even point in sales units: The level where there is no profit nor loss to the…

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A: Introduction: Bank reconciliation statement: To Reconcile the difference between Bank book and cash…

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A: Lease is a form of contract or arrangement between two parties under which one party provides it's…

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A: Net profit margin = Net income / net sales where, Net sales = Sales - sales return and allowances

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A: The sales budget is prepared to estimate the number of units to be sold and revenue to earned during…

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A: If the company has erroneously recorded receipt of check of $ 50 as $ 500, bank balance as per its…

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Q: On January 1, 2017, Naruto Company issued P4,000,000 face value bonds with a stated rate of 12% and…

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A: Correct option with proper explanation are as follows

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A: Price ceiling is a method used by the government to regulate price of the product in the market. It…

Q: Consider the following flyer that you just received. "We have good news, Eric Moon! Your credit…

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A: As per IAS 38 Intangible Assets, Cost of intangible asset includes purchase cost and includes import…

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A: Accounts receivable is the amount owed to a company for products or services that have been…

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

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Q: Direct Materials Purchases Budget: Direct Labor Budget Crescent Company produces stuffed toy…

A:

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A: The percentage stake that a partner holds in partnership assets is referred to as partnership…

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Q: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.25 6,000 $16.00…

A: Budget means the expected value of future. Sales budget means the number of units , price and total…

Q: A firm uses backflush costing on a direct costing basis. It incurs the following costs this period…

A: Cost of Goods sold (COGS) is the cost which is incurred by the company at the time of goods sold. It…

Q: A person has $80 000 in a savings account that earns interest at 7% per year, compounded annually.…

A: We can use the concept of time value of money here. As per the concept of time value of money we…

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Q: Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks.…

A: Production Budget: Production budget is a plan which is drawn to determine the number of units…

Q: Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2021, Lacy…

A: The answer is stated below:

Q: Required Calculate the following ratios for Year 4 and Year 3. Since Year 2 numbers are not…

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A: The capital deduction rate for Trinidad and Tobago for buildings and improvements, motor vehicles,…

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A: In the given case a company will recognise a provision only and only if there is a present…

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A: Fixed overheads means those indirect costs which will not be changed till a particular level.…

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A: Standard deviation measures both the risks: Systematic risk and unsystematic risk

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A: Under Job Costing each separate work is done under Separate Jobs. Under job Costing Cost of Goods…

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A: Income statement means a statement in which all revenue and gain are shown on one side and all…