Which of the following choices correctly denotes factors that can influence a company's pricing practices for goods and services? Market Customer Conditions Costs Demand A. No Yes Yes B. No Yes No Yes Yes Yes Yes Yes No Yes No Yes Choice A b. Choice B c. Choice C d. Choice D e. Choice E C. D. E. Select one: @a.
Q: John has an income of 160000 , What would be his total tax liability based on the tax structure ?…
A: Given income of John is 160000 In case of slab rate of tax, tax liability has to be calculated based…
Q: Taxpayers who use the personal exemption in 2021 may benefit from charity grants and funding…
A: Income tax: Income tax is the tax that an individual is responsible for on their earned income. It…
Q: Calculate the debt-to-equity ratio. Ernst Company's balance sheet shows total liabilities of…
A: Formula: Debt to equity = Total liabilities / Total stock holders equity
Q: Sherrod, Inc., reported pretax accounting income of $76 million for 2021. The following information…
A: Every transaction, per the logic of such a journal entry, must be documented in at least two…
Q: . Deferred tax liability, January 1, 2022, $0. 2. Deferred tax asset, January 1, 2022, $0. 3.…
A: >Due to certain factors, there exists a difference between Pretax Financial Income and Taxable…
Q: An
A:
Q: A certain machine has a first cost of 30,000; annual costs of 6,000; a salvage value of 4,000 and a…
A: Introduction: Depreciation is the process of allocating the asset's value over its expected or…
Q: Use the accounting equation to compute the missing financial statement amounts. 2. Use the expanded…
A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.…
Q: You are the financial controller of Pack West (Pty) Ltd. Your company is experiencing difficulties…
A: For calculation of cash balance at the end of period add receipt from debtors and cash sales in…
Q: Which of the following is not one of the things that manager can do to reduce the capital ratio…
A: Paying out higher dividends to stockholders.
Q: Anna, Ben, and Carl's partnership did not go well so the partners decided to liquidate on March 31,…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: As the accountant for Clean Air Controls, you attend a meeting with the sales managers to discuss…
A: Accounts Receivables - Accounts Receivables are the amount unpaid by the customer for the service…
Q: The University of Cincinnati Center for Business Analytics is an outreach center that collaborates…
A: Profit earned is the difference between the revenue earned and the cost incurred by the members and…
Q: A series of cash flows are established on an account as listed below. Payment of P5,854 at the end…
A: Present Value: Given a certain rate of return, the present value (PV) of a future amount of money or…
Q: Bonus to new partner O Asset revaluation Asset market value Bonus to old partners
A: Here discuss about the details of admission of new partners and share of agreed capital compare with…
Q: ABC Co purchased an equipment from Hongkong for P100,000. Additional cost included the following:…
A: The costs incurred on non cash assets till they are ready to use are to be capitalized by the…
Q: All of the following, except one, are requisites in the carry-over of net operating loss? There…
A: Carry over of Net operating Loss: It is the provision for tax that allows organization to carry…
Q: Given that the current ratio is 2:1 and the assets and liabilities are $20,000 and $10,000…
A: The ratio analysis helps to analyse the financial statements of the business. The current ratio is…
Q: Complete the following table given this information: (Do not round intermediate calculations.)…
A: Introduction: Depreciation is an accounting technique for allocating the cost of the useful life of…
Q: Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventories Other Total…
A: Formula: Average Total Assets = ( 20x1 assets value + 20x2 assets value ) / 2
Q: Net income (under absorption costing) $ 400,000 Sales $3,400,000 Fixed factory overhead $ 600,000…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Prepare an amortization schedule for a three-year loan of $102,000. The interest rate is 11 percent…
A: Interest payment is the price paid on the amount of loan. Principal payment is the amount of loan…
Q: Sales Cost of goods sold Gross margin Operating expenses Operating income Interest expense Income…
A: Formula used : Times interest earned = Earnings before Interest expense / Interest expenses Division…
Q: May and Jun are partners with profit and loss ratio of 40:60 and capital balares of P600,000 and…
A: Current May and June are sharing profits and losses in the ratio of 40%: 60%. Julie is admitted…
Q: ent which cost $250,000. Freight and installation charges cost him P31,000. If the life of the…
A: The answer has been mentioned below.
Q: During the 2022 financial year, SendIT Limited and Wheels Limited incorporated SW Traders Limited.…
A: IFRS are issued by the IFRS foundation. IFRS stands for International Financial Reporting Standards.…
Q: aling profit (profit before interest and tax) remains constant If the equity issue goes ahead and…
A: Given in the question: Already shares issued = 100,000,000 shares Net Profit after tax = $55,000,000…
Q: 2017 2018 Net Sales Revenue $ 5,430 $ 6,080 Cost of Goods Sold 4,100 4,580 Average Inventory 765 880…
A: Inventory turnover ratio = Cost of goods sold / Average inventory
Q: Division B had an ROI last year of 15%. The division's minimum required rate of return is 10%. If…
A: Residual income is defined as the amount of money left over after deducting all investment costs…
Q: How do the major provisions of the Sarbanes-Oxley Act affect a public company’s audit procedures?
A: Introduction: Sarbanes-Oxley Act: In reaction to many financial scandals in the early 2000s,…
Q: Explain the calculation procedures for and significance of the current ratio.
A: The ratio analysis helps to analyze the financial statements of the business including elements of…
Q: List the three questions you posed to the entrepreneur followed by the responses.
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: Stitch Ships Inc. has the following inventory purchases during the fiscal year ended December 31,…
A: Perpetual inventory system is that system, under which all purchases and sales related to inventory…
Q: May, Jun, and Julie have partnership capital account balances of P225,000, P450,000 and P105,000,…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: How much is May's new capital after the admission of Julie?
A: When two or more people come together to share all profit and losses is known as a partnership. A…
Q: (a) Elucidate price and output determination under any two non-collusive models of Oligopoly.
A: The word oligopoly is derived from a combination of 2 Greek words; 'oligos' which means "few" and…
Q: Which of the following statements is TRUE? O Admission of a partner by investment will change total…
A: When a new partner is admitted by way of investment, he adds resources that can be used for the…
Q: Engr. Jeon Bassett is the owner of JBA Engineering and Design Firm. At the end of its accounting…
A: The balance sheet represents the financial position of the business with assets and liabilities on a…
Q: Ryan Company issues a $100,000 on 8/31/Y1, 10%, bond that matures in 5 years. Interest is paid on…
A: Face Value of Bonds = $ 100,000 Annual rate of interest = 10% Period = 5 years Interest Frequency =…
Q: estimated and controlled if the fixed and variable components of each overhead activity are known.…
A: Dollar is a type of currency used by the United States of America.Cost formula is used to derive the…
Q: May and Jun are partners with profit and loss ratio of 75:25 and capital balances of P480,000 and…
A: Admission of New Partner: One of the primary motivations for a company's search for new business…
Q: Question 7 Part A: Choose the correct formula for the Double-Declining Balance depreciation method.…
A: Fixed assets will face reduction in their value over the period of time. Depreciation is charged to…
Q: AMT Sdn. Bhd.(ASB) produces exercise mat for fitness centres all over Malaysia. Sales I have…
A: Note: Since you have posted multiple questions, we will solve the first question for you. To get the…
Q: How much is the capital balance of May after the withdrawal of Julie?
A: The withdrawal from the partnership means when the partner leaves the partnership. The capital…
Q: Belfast Inc. prints calendars. All direct materials are included at the inception of the printing…
A: The equivalent units are calculated on the basis of percentage of the work completed during the…
Q: In 2010 Casey made a taxable gift of $6.0 million to both Stephanie and Linda (a total of $12.0…
A: Gift - A gift is a property, cash, or goods that someone gives to others in exchange for nothing…
Q: If transportation costs were a huge portion of a firm's expenses and the firm expected gas prices to…
A: Income statement is one of the financial statement being prepared by the business. This is prepared…
Q: Calculate cost of goods sold and ending inventory for Emergicare’s bandages orders using FIFO, LIFO…
A:
Q: ABC Corp acquired a lot by paying down payment of P400,000 and issued a non-interest bearing note of…
A: Cost of fixed assets shall include it's Purchase cost and all cost incurred to bring the asset to…
Q: Beginning palances: Assets Liabilities Ending Balances Assets Liabilities During the year: -Net…
A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.
Step by step
Solved in 2 steps
- Choose a company and explain how a specific issue, policy, or procedure (for example, granting merchandise returns, establishing sales prices) might look if the business is structured as a decentralized business.Managers in decentralized organizations make decisions relating to all of the following except_______. A. the companys stock price B. equipment purchases C. personnel D. prices to charge customersWhich of the following is not one of the five steps in decision-making process? A. identify alternatives B. review, analyze, and evaluate decision C. decide best action D. consult with CFO concerning variable costs
- Providing information about the performance and fi nancial position of companies so thatusers can make economic decisions best describes the role of:B . fi nancial reporting.Which of the following accurately refelects how this event affects the company’s finanacial statements? Which option is the best, A, B, C, DWhich of the following statements about the value chain is correct?a. The two phases of the activities of the value chain are the upstream activities and the downstreamactivities.b. A company need not operate in all activities of the value chain.c. There are usually six to eight activities in the value chain.d. The value chain is intended for manufacturers.
- Choose the correct. Which of the following statements is true for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organization)?a. Under U.S. GAAP, the company must base operating segments on geographic areas.b. Under IFRS, the company must base operating segments on product and service lines of business.c. Under U.S. GAAP, the company may choose to define operating segments on the basis of either products and services or geographic areas.d. Under IFRS, the company must refer to the core principle of IFRS 8 to determine operating segments.Which of the following refers to a situation where a company has a high concentration of its business in a particular industry’s market? competitor’s resources market dependence resource similarity actor’s reputationChoose the correct. Which of the following does U.S. GAAP not consider to be an objective of segment reporting?a. It helps users better understand the enterprise’s performance.b. It helps users better assess the enterprise’s prospects for future cash flows.c. It helps users make more informed judgments about the enterprise as a whole.d. It helps users make comparisons between a segment of one enterprise and a similar segment of another enterprise.
- 9.Discuss (i). the notions and purposes of CVP Analysis, and(iii) the Components of CVP Analysis (Break-Even Analysis, Target Analysis, Margin of Safety Analysis, Sales-mix Analysis and others)10. Discuss what forms of relevant information are applicable for business decisions related to Make or Buy Decisions, Accept or Reject Special Orders; Continue or Discontinue Business, and Sell or Process Further, and othersWhich of the following does U.S. GAAP not consider to be an objective of segment reporting?a. It helps users better understand the enterprise’s performance.b. It helps users better assess the enterprise’s prospects for future cash flows.c. It helps users make more informed judgments about the enterprise as a whole.d. It helps users make comparisons between a segment of one enterprise and a similar segment of another enterprise.In your own understanding, please answer the following: 1. What are the importance of knowing, analyzing and assessing the financial statement in the decision making of internal and external users in the organization? 2. Explain briefly how do you understand the concept of Cost of Good Sold.