What responsibility would internal auditing go under? managerial accounting, tax accounting or financial accounting

Q: II. Given Total Assets Stockholder's Equity Total Liabilities Find: Debt to Equity Equity to Asset…

A: Given, Total Assets = 15000000 Stockholders equity = 6000000 Total liabilities (Total debt) =…

Q: As a specialist in the accounting of intangible assets, explain if the costs identified can be…

A: Legal fees: Legal fees are the fees charged for the process of the purchase of rights of the patents…

Q: Break-even is the number of units at which? a. total revenue equals price times quantity b. total…

A: The break even sales are the sales where business earns no profit no loss during the period. The…

Q: Cost of goods sold   Answer Net income before tax   Answer Ending inventory   Answer

A: In the given question, we have to convert the cost of goods sold, net income before tax, and ending…

Q: Date Quantity Price Amount Quantity Price Amount Date 01 The following transactions of Franco…

A: First in, first out also known as FIFO is an accounting method in which items purchased first are…

Q: BFAR Corp. was authorized to issue 200,000 ordinary shares with P50 par value. The company had the…

A: Number of outstanding shares are those shares which are issued and held by the investors. Shares…

Q: 2.2 Use the information provided below to calculate the following manufacturing variances for March…

A: 2.2.1 Labour rate variance = (Standard Rate x Actual Hours) - Actual Cost2.2.2 Labour efficiency…

Q: The following information was extracted from the accounting records of Alpha Enterprises for the…

A: Income statement:   It is a financial statement that calculates the net income generated by a…

Q: The financial statements for Castile Products, Incorporated are given below: Castile Products,…

A: The net profit margin ratio indicates the net earnings of the company as a percentage of its sales.…

Q: Your company declared $13,800 cash dividends on stock. dividends payable at the beginning of the…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: 1.2 Study the information provided below and calculate the hourly recovery tariff per hour…

A: The hourly recovery tariff rate can be calculated by dividing the total salary payable by the total…

Q: Which of the following statements is true?

A: Companies tries to use the methods of the inventory valuation so that the tax liability of the…

Q: You have taken over the family business, making custom furniture for sale in South Africa and for…

A: The debt-equity ratio is used to measure funds taken from creditors to invest in the business in…

Q: Hex Industries reports the following information for May: Sales Fixed cost of goods sold Variable…

A: Gross profit can be calculated by deducting the cost of goods sold from net sales. The cost of goods…

Q: Calculate the ratio (expressed to two decimal places) for 2021 to reflect each of the following:…

A: 1) An indicator of how profitable a company is relative to its total assets. Is return on asset…

Q: The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall…

A: Ratio - Ratio analysis is the method of analyzing a company's financial statement in a systematic…

Q: Additional Information: 1. Closing inventory on 31 December 2020 was RM150,000. 2. Second half…

A: A statement of comprehensive income is a financial statement that shows the net income along with…

Q: At December 21, 2020, BFAR Corp. had 20,000 treasury shares that had been reacquired in 2020 at PHP…

A: The treasury stock shares are the shares that are repurchased by the company from the shareholders…

Q: Journals entry 9 15 Purchased supplies on account for $1,100 from Digital Shot Company. Received…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: BFAR Corp. has the following information in its shareholders' equity: . Preference Share Capital,…

A: Legal capital is the sum of par values of all shares issued by a company.

Q: List Price Trade Discount Rate Trade Discount $282.00 25% Net Price

A: Trade discount is defined as the promotion tactic used by the trader or manufacturer to induce…

Q: Pulsar Plc is considering of exporting its products to the Swedish market. It expects to earn an…

A: Formula =  Economic profit / ( loss) =         Revenue  Less : opportunity cost Less : explicit cost

Q: Calculate dividends, if any, declared during the year from the given information: Wallace Corp…

A: Computation of ending liabilities=Beginning liabilities - Liability decrease

Q: PA9-2 (Algo) Recording and Interpreting the Ly Company disposed of two different assets. On January…

A: A record is frequently maintained in the general ledger, but it can alternatively be maintained in a…

Q: Question 3 Study the information given below and answer: 3.3 Calculate the new total Marginal Income…

A: Approach to solving the question: The budget is the basis of the figures, thus we need to establish…

Q: Dec 1 Mahmood invested $25,000 cash in his business. 5 Paid office rent for the month $2,300.

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

Q: Use the information provided below to prepare the following for January and February 2023: 4.1…

A: In business the sales are generally  made on credit basis i.e., the sales are made but the amount…

Q: 2.2.1 Labour rate variance 2.2.2 Labour efficiency variance 2.2.3 Variable overheads efficiency…

A: 2.2 question provided above, the formula used will be as follows: 1. Labor Rate Variance = (Actual…

Q: Travis Company reports the following for its single product. Travis produced and sold 34,000 units…

A: Contribution margin is the amount of profit after deducting the variable expenses from the sales.…

Q: Calculate the new total Marginal Income and Net Profit/Loss, if an increase in advertising expense…

A: Marginal income is the difference between sales revenue and variable costs. Net profit or loss is…

Q: A cost variance of zero indicates that the manufacturing management was *

A: As part of our protocol we provide solution to one question only but you have asked multiple various…

Q: Use the information provided below to calculate Samantha's remuneration for 17 March 2022.…

A: Halsey bonus system:   Halsey bonus system is a bonus system used to calculate the bonus a worker…

Q: . To compute the breakeven point using the contribution margin, we get the ratio of  a. Total fixed…

A: Contribution margin per unit = Selling price per unit - Variable cost per unit  Break even sales…

Q: 3.2) Will the company be able to pay its short-term debts if business conditions are unfavourable?…

A: Introduction:- Current ratio denotes that a company’s ability to meet its short-term debt…

Q: Question 3 Study the information given below and answer: 3.5 Based on the expected sales volume of 2…

A: Selling price is the one on which the product is sold after including all the cost incurred by the…

Q: Câu 8. Brite Ltd makes lamps with a selling price of £70 per lamp. Budgeted production and sales…

A: Lets understand the basics. There are two costing system followed by the entity which are, (1)…

Q: 3.1. Calculate the normal tax consequences arising from the above distributions for Midway(Pty)…

A: In the given question, The cash distribution is the dividend that the company needs to distribute to…

Q: A company owns machinery with a book value of P2,200,000. It is estimated that the machinery will…

A: Impairment loss can be calculated with the help of its book value, where the book value of the…

Q: The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: 3 1List 4 benefits of good corporate citizenship.

A: In case of multiple questions, we are allowed to solve only first question. If you want other…

Q: a.At January 1, 2020, Mr. James had accounts receivable of 72,000. At December 31, 2020, accour…

A: Calculation of purchases made=Cost of goods sold+ Ending stock - Beginning stock Calculation of cash…

Q: The following information was disclosed in the 2015 annual report of The Arcadia Company. Fill in…

A: Inventory available for sale is the total inventory held for sale which is the combination of…

Q: Beginning Inventory  3 units @ $4  $12 Purchases  10 units @ $7  $70 Sales 8 units   What is ending…

A: Under FIFO Method, units which came in first will be sold first and the inventory will be out of the…

Q: A fundamental analyst uses the discounted cashflow method to value firms, and has a short-term…

A: Fundamental Analysis is a technique to value firms on the basis of their fundamentals i.e. their…

Q: How much is the total Accumulated Profits as of December 31, 2021

A: Accumulated profits is the profit earned by the entity and which is lying in the Balance Sheet of…

Q: Oki Company pays $310,150 for equipment expected to last four years and have a $30,000 salvage…

A: A journal entry is the act of recording any transaction, whether one that is economic or not. An…

Q: 1.5 From the information provided below complete the table using the FIFO method of inventory…

A: Inventory valuation is the technique of recording the value of inventory at the time of receiving…

Q: ith the use of an example, briefly explain the main difference between the ex-ante and the ex-post…

A: Main Difference between ex-ante and the ex-post opportunity cost of capital: Ex-post risk is…

Q: You are required to prepare a trial balance for Alina, a sole proprietorship as at 31st December…

A: Trial Balance :— It is the list of Debit and Credit  balances of All Ledger Accounts.    Capital,…

Q: earnings of G. Henry using the straight piecework incentive scheme

A: The straight piece work incentive scheme is the method in which the rate per unit of output is…