Which of the following factors will most likely have a negative impact or
Q: mpute the Productivity Component indicate if
A: Working Notes :- In 2020 corporatio...
Q: Assume that sales and expenses forecasts for months April, May, June, and July are as follows. 20% ...
A: Cash Budget: A cash budget plan is a report delivered to assist a business with dealing with their i...
Q: ne growth effect that applying the same interest rate has on an account over a period of time is cll...
A: Solution Concept Compound interest means the concept where the interest is charged on interest + pri...
Q: dSh to öwner for personal use, $1,000.00. C9. 28. Received cash from sales, $220.00. T28. Instructio...
A: Journal Entry The purpose of preparing the journal entry to enter the required transaction into debi...
Q: PARE Company produces and sells a special powder named "CC". Actual and Proj and contribution margin...
A: Market share (MS) refers to the aggregate sales % (percentage) within the industry generated through...
Q: P18-1 Trend analysis and return on common equity [20–30 min] Net sales revenue, profit and ordinary ...
A: Trend analysis shows changes in the financial statement values of a certain year relative to a base ...
Q: Book Value Market Value Cash P10,000 P10.000 Inventory 80,000 80,000 Plant Assets (net) 350,000 350,...
A: Net profit Sales 190000 Less: Cost of goods sold (130000) Less :Depreciation (20000) Net p...
Q: For the coming year, Bepis Inc. anticipates fixed costs of $700,000, a unit variable cost of $85, an...
A: Cost volume analysis depicts how change in variable costs, fixed costs and sales volume affects the ...
Q: 22.Abdulla's cash book (bank column) had a debit balance of $ 515 on 30 April 2003. This did not agr...
A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with ...
Q: Jun Jon and Company, general co-partnership has the following data of income and expenses for 2018:...
A: Corporate Taxable Income: Corporate profit consists of business income and all normal business expen...
Q: రా The life of each system i 15%. If the firm must sele is the most desirable? Solve using the tota ...
A: Cash out Flows Systems Year PVF@15% A B C D E Present Value of A Present Val...
Q: Two types of intercompany stock purchases significantly complicate the consolidation process. The fi...
A: Introduction: A corporation's stock is divided into shares, which are units of equity ownership. For...
Q: 2. Apple Company purchases 80 percent of Mango. At the date of acquisition, Mango has revenue of P25...
A: The question is related to Consolidation. The details are given as under Parent Share = 80% Non Con...
Q: January 1,2020, Shirley Corporation leased a machinery from Joel Company on a five-year lease term a...
A: 1)leasing is the process by which a firm can obtain the use of fixed assets for which it makes a ser...
Q: Enumerate 7 violations on required disclosures in the Notes to Financial Statements.
A: Financial statement Notes These are those supporting notes which are included in the published finna...
Q: Sophie Lacson started her own consulting firm, Lacson Consulting, on September 1, 2019. The followin...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: On January 1, 2016, A company issued 100,000 cumulative preferred shares with a stated dividend of $...
A: Share warrant signifies the holder of such financial instrument the right to buy or purchase a speci...
Q: 5. For each of the following, give the number of hours the employee must receive straight pay and ov...
A: Week is 40 hours from Monday to Friday ie 8 hours a day Antonio's works 40 hour work in M-F, Wor...
Q: QUESTION : 2 The following Trial balance was extracted from the book of Jim Jones a Sole Trader at D...
A: The balance sheet of an organization is also called the Statement of Financial position. It is calle...
Q: Management is considering a one-time-only special order. There is sufficient idle capacity to fill t...
A: Introduction:- Management (or management) is the administration of a company, whether for-profit, no...
Q: A distraught employee, Fang W. Arson, put a torch to manufacturing plant on a blustery February 26 T...
A: The statement of cost of goods sold is calculated as difference between sales revenue and gross prof...
Q: lyse the ation. Smith owns a small business that sells vuvulezas to s . them at RIO each and sells t...
A: Accounting equation refers to the equation that forms the basic of accounting and it states that the...
Q: Required: 1. Prepare the journal entries for the following: a. To close the books of Amos' proprieto...
A: Partnership means a group of persons who come together with a purpose to control and manage the oper...
Q: Mayflower Engineered Products purchased and installed a new automated production system to aid in it...
A: a. Taxable income refers to Income minus deductible expenses b. After-tax cash flow= Taxable income-...
Q: What is the current ratio of Nezuko Inc.?
A: Current ratio means total current assest is divided by the total current liability. ...
Q: Activity 4: Directions: For each transaction, tell what specific account title is affected and write...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: 9. Create an Evaluation Summary indicating the NPV, IRR, PI, and Payback period of all options. Plea...
A: Solution Calculation of NPV year cash flow A cash flow B pv factor @ 8% present value of...
Q: Identify the accounting concepts/policies adopted in the preparation of balance sheet of the company...
A: Introduction Accounting concepts and policies are specific principles, conventions, rules and practi...
Q: factor(s) from the tables provided.) Required: 1. Assume the note indicates that Seneca is to pay Ar...
A: Journal entries refers to the official book of a company which is used to record the day to day tran...
Q: On January 1, 2018, Toups Inc. changed from FIFO to LIFO for income tax and external reporting purpo...
A: The LIFO reserve can be defined as the amount by which inventory costs under FIFO exceeds inventory ...
Q: endoc: Adjustment Data on an End-of-Penod Spreadsheet t Security Services Co. offers security servic...
A: Solution Concept The trail balance has to be adjusted at the year end for the adjusting transactions...
Q: here the operating cycle extends beyond one year because of normal credit terms as in the case of in...
A: The operating cycle refers to the estimated time frame needed by a business in order to create a cas...
Q: The term to describe taxable income before the qualified business income deduction and less dividend...
A: Lets understand the basics. Qualified business income is an income on which qualified business incom...
Q: Carol Gaston opens her own law office on July 1, 2019. During the first month of operations, the fol...
A: The balance sheet represents the financial position that involves the assets, liabilities, and stock...
Q: The flexible budget will report for fixed costs.
A: Solution Concept Flexible budget is a budget in which the variable cost is adjusted on the basis of ...
Q: At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $21...
A: The uncollectible account shall be written off by debiting bad debts account and crediting the uncol...
Q: French Confection, Inc., allocates overhead using direct labor hours as the allocation activity. The...
A: Predetermined overhead rate = Estimated manufacturing overhead/Estimated direct labor hours Overhead...
Q: irections: What would you do under the following situations below.
A: In this question, there are 3 different cases in which we have to show what would we do in these sit...
Q: 13. Which is not acceptable for valuation of inventory? a. historical cost c. prime cost d. estimate...
A: Inventory should be valued at cost or Net realisable value whichever is lower. ▪︎Cost may be the H...
Q: DIRECT COST PER SUPERVISORPER MONTH Sum of GROSS PAY Column Labels Direct Direct Total Rov Labels Ce...
A: While computing the costs involved in the production of goods, direct and indirect costs are classif...
Q: Assume the following: Lomo Engineering Company had the following transactions: Jan-01 Iss...
A: Journal entry is a process of recording or classyfing business transactions into books of accounts i...
Q: Mojo Industries tracks the number of units purchased and sold throughout each accounting period but ...
A: The question is based on the concept of Cost Accounting.
Q: compute for throughput time
A: Throughput time or the period is the time in days or in hours which are required by the company in o...
Q: mmediately prior to the process of liquidation, partners Micco, Niccum, and Orwell have capital bala...
A: Liquidation is the process of closing a business and distributing its assets to claimants in finance...
Q: I. THE ACCOUNTING EQUATION COMPUTE THE MISSING AMOUNT CASE 1 CASE 2 CASE 3 CASE 4 CASE 5 CASE 6 CASE...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: . ABC will be issuing a 4% P20,000,000-face value bonds. The underwriter will be charging 2% of face...
A: Solution Working note Underwriting commission =face value *2% ...
Q: Accrued, but unrecorded and unpaid Salaries amounted to $14,000. Account name: Cash Accounts re...
A: Accrued expense means expense have been incurred but not yet paid and are liability for the company....
Q: Prior to adjustment at the end of the year, the balance in Trucks is $403,000 and the balance in Acc...
A: Depreciation accounting refers to the accounting under which the assets value is depreciated or allo...
Q: Required information [The following information applies to the questions displayed below.] Cane Comp...
A: Contribution margin refers to the selling price deducted by variable cost. It ought to cover the fix...
Q: The purpose of a discount price for bonds is to: Select one: a. Increase profits b. Compensate the i...
A: solution Concept The bond is issued at discount when -the coupon rate is less than t...
Step by step
Solved in 2 steps with 1 images
- Which of the following is true in a bottom-up budgeting approach? Every expense needs to be justified. Supervisors tell departments their budget amount and the departments are free to work within those amounts. Departments budget their needs however they see fit. Departments determine their needs and relate them to the overall goals.When would a static budget be effective in evaluating a managers performance?Which of the following is not a part of budgeting? A. planning B. finding bottlenecks C. providing performance evaluations D. preventing net operating losses
- Why would managers use a flexible budget? What information does it provide that a regular budget does not?The management of Hess, Inc., is developing a flexible budget for the upcoming year. It was not pleased with the small amount of net income the budget showed at all sales levels and Is contemplating using a less expensive material. This action reduces direct material cost by $1 per unit. What would be the effects on financial statements and a flexible budget if management takes this approach? Are there other factors that need to be considered?Why might a rolling budget require more management participation than an annual budget?
- Suppose that the controller of your companys largest factory is a particularly optimistic individual. If you were in charge of developing the master budget, how, if at all, would you be influenced by this knowledge?If a manager is not able to meet the budget and it has been ________________ , the manager can alwayssay that the budget was unreasonable or unrealistic to start with, and therefore was impossibleto meet.A budget is most likely to be effective if it is not used to evaluate a manager's performance. employees and managers at the lower levels do not get involved in the budgeting process. it is used to assess blame when things do not occur according to plans. it has top management support.
- Which one of the following is not considered to be a benefit of participative budgeting? When managers set the final targets for the budget, top management need not be concerned with the overall profitability of current operations. Managers are more motivated to reach the budget goals because they participated in setting them. Individuals at all organizational levels are recognized as being part of the team; this results in greater support of the organization. The budget estimates are prepared by those in direct contact with various activities.Should a manager blame his subordinates if a budget target is not achieved? Explain briefly! Give a few lines answerWhich of the following statements about top down budgeting is true? Multiple Choice It is an appropriate method to use in times of financial stress. Eliminates a manager's excuse who tries to claim that his budget is unrealistic The budget process is often more efficient. It allows senior management to better prioritize resources to propelling the growth of the company
