What is the primary advantage of the multiple-step format?

Q: Define direct write-off method

A: Accounts receivable: Accounts receivable refers to the amount to be received within a short period…

Q: Which of the two machines should be installed?

A: Probability for installing two machines will be: = Probability×Returns(1+risk free rate)Time

Q: Define the term Continuous Compounding?

A: Continuous compounding is as far as possible which accumulating funds can surpass in the event that…

Q: What is overcosting? Explain? Give three examples?

A: Over Costing: Over costing is a state in which the estimated or reported cost of a product is more…

Q: What are the requirements of Continuous Compounding?

A: The question is based on the concept compounding of interest rate.

Q: What are the advantages of the scattergraph method over the high-low method? Thehigh-low method over…

A: Introduction: Cost accounting is beneficial since it can demonstrate where a corporation spends…

Q: Explain

A: LCNRV method means Lower of cost and net realizable value method.

Q: What are some advantages of the Direct Write-Off method? What are some disadvantages of the Direct…

A: Direct Write Off Method: According to Direct Write off method, Bad Debt Expense is recognized once…

Q: What was the purpose of creating the EDGAR system?

A: Definition:   Electronic Data Gathering, Analysis, and Retrieval (EDGAR) are the electronic filing…

Q: What are the two shortcomings of the direct write-off method?

A:

Q: What is Continuous Compounding?

A: Continuous compounding: Continuous compounding is a kind of compounding countless number of times in…

Q: Define Single-step format

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Formula for put call parity?

A: Put call parity Put-Call parity defines the value of same class European put and call options. Put…

Q: advantages and disadvantages of the scattergram method as compared to the high-low method?

A: Solution High-low method takes high level activity and low level activity and measure the total cost…

Q: What is conversion cycle? describe in detail

A: The main objective of working capital management is to ensure the ability of the company to continue…

Q: Explain when to use the single-period model and when to use a multi-period model.

A: The difference between the two models is that the multi-period model may involve the stock leftovers…

Q: What is multiple IRRs?

A: Multiple IRRs IRR is a discounting rate at which an amount of investment equals PV of the future CF.…

Q: What is alpha transfer?

A: The term ‘Alpha’ refers to the active return on investment. In other words, the excess return from…

Q: What is the objective of output controls? List and briefly describe different output controls.

A: Output control guaranteed that the program's result was precise and complete. Output control focuses…

Q: Explain partitioning the IRR?

A: IRR partition tool is an important tool in finance. This tool is a very suitable if one wants to…

Q: what is double entry system ?

A: Double entry system of accounting is based on the accounting equation as follows: ASSETS = EQUITY…

Q: What are the benefits and drawbacks of turnkey systems?

A: Here is the Answer

Q: Describe the steps taken to Switch from the DB method to the SL method?

A: Depreciation:- Depreciation is allocating the value of the fixed (long lived) assets over the period…

Q: Are large batch sizes preferable to small batch sizes? Explain.

A:

Q: What are the advantages of real-time processing?

A: Real Time Processing: Real time processing is performed in conditions where the transactions in the…

Q: How can forwardrates be used for hedging purposes?

A: SOLUTION:- Risk management is the main stimulus for forward contracts. Forward contract is a…

Q: Define the term dual rate method.

A: Dual-rate method refers to the method of assigning costs that uses two cost functions.

Q: What is a double-entry? Give an example?

A: Double entry: Double-entry refers to the double effect of each financial transaction that occurs.…

Q: straight line method?

A: Depreciation = (Historical cost - Salvage Value)/Useful life  Book Value of Asset = Historical cost…

Q: Distinguish between the single-rate and the dual-rate methods.

A: Cost Allocation: The process of assigning the cost to the cost object is cost allocation. The cost…

Q: Describe straight-line method with example.

A: Straight-line Depreciation: Under the straight-line method of depreciation, the same amount of…

Q: What are the advantage  of the scattergraph method over the high-low method? The high-low method…

A: Cost accounting is beneficial since it can demonstrate where a corporation spends money, earns…

Q: What is an allocation base? Give some examples.

A: When we discuss allocation base, it explains about the basis on which the overhead costs are…

Q: What is the OLAP operation called consolidation?

A:

Q: Which of the following defines iterative calculation?

A: SPREADSHEET

Q: What is the AP/CD process?

A: Accounts payable indicate the obligation of the organization resulted from past transactions or…

Q: Explain the term single rate method.

A:

Q: Explain the double entry mechanism with an illustrative example.

A: The transactions are recorded in the books of accounts initially in the form of journal entries…