Which of the following is an operating budget?A. cash budgetB. production budgetC. tax budgetD. capital budget

Q: ournalise the following transactions and post them into Ledger:  2006  September 1 -Started busine...

A:     JOURNAL ENTRIES     SL Date Particulars Dr. Cr.             01-Sep Cash  50000       To,...

Q: Explain four (4) strategy used in management accounting for achieve business goals

A: Management accounting is the process of preparing reports on business operations to assist managers ...

Q: A C. D MVP, Inc. Income Statement For the Year Ended December 31, 2021 Sales $ 375,000 Cost of Goods...

A: Income statement: Income statement as a part of financial statement that presents the organization's...

Q: Sage Industries and Pronghorn Inc. enter into an agreement that requires Pronghorn Inc. to build thr...

A: The question is based on the concept of Lease Accounting.

Q: During 2017, Lyle company incurred P400,000 of research and development costs in its laboratory to d...

A: Above mentioned patent meets the recognition criteria of intangible assets , it is a self generated ...

Q: Provide an Market Performance Ratio analysis based on P/E, ROE and D/E.

A: P/E ratio = Share Price/Earnings per share ROE = Net Income/Average shareholder's equity D/E ratio =...

Q: ABC Company reported in its 2019 current tax expense at P 5,530,000. The following changes in ABC as...

A: The Total Incone tax expense will be P5,650,000.

Q: Working capital is an indication of the firm’s ________.A. asset utilizationB. amount of noncurrent ...

A: Working capital (WC) seems to be a financial statistic that indicates the operating liquidity access...

Q: if the hotel reduces all departmental expenses by 10% what would the new breakeven be? The total dep...

A: Break even point = Total fixed costContribution margin

Q: In connection with your examination of the financial statements of Ringo, Inc. for the year ended De...

A:

Q: At August 1 of the current year, there are 4,000 units at P15 each of merchandise inventory.  During...

A: FIFO stands for first in first out inventory method. Under the perpetual inventory method the  gener...

Q: Arlene Company accounted for noncurrent assets using the cost model. On October 30, 2017, the entity...

A: GIVEN   Arlene Company accounted for noncurrent assets using the cost model. On October 30, 2017, th...

Q: 25. How much should be the underlying equity of Honda in the net assets of Hyundai?

A: Equity is the amount of money which represents to the shareholders and in the business acquisition t...

Q: Freetown Manufacturing company acquired three patents in January 2016.  The patents have different l...

A: As per Bartelby policy, only three interlink parts are answered. If you want any specific part to be...

Q: economic life of the generator.

A: Economic life of the asset is the useful life of the asset till which it has the lowest cost and aft...

Q: Percent of capacity 90% 100% 110% Direct labor hours 3,600 4,000 4,400 Units of output 900 1,000 1,1...

A: Preparation of flexible budget are as follows

Q: Sega Sammy Holdings, Inc. Earnings Information Earnings Information 2017 2018 2019 2020 2021 Net sal...

A:     Accounting ratios: The ratios that use the values from accounting statements of generally two ye...

Q: Exchanges of assets for assets have what effect on equity?A. increase equityB. may have no impact on...

A: Accounting equation is very useful and important concept used in accounting. Three elements of accou...

Q: TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and mana...

A: The variance is the difference between standard and actual performance of the business. The spending...

Q: ABC Company grants all employees 2 weeks of paid vacation for each full year of employment. Unused v...

A: Solution Vacation expense for the year 2020 = 41000   Abc company should report vacation pay expense...

Q: agreemen 1, 20X1 w nanufactur

A: Solution 24:   Interest Expense [($284,480 - $56,979) * 8%] $18,120 Depreciation Expense ($284,4...

Q: On January 3, 2010, Boyer Corp. owned a machine that had cost $200,000. The accumulated depreciation...

A: Contingency gain refers to when there is no actual gain and only there is a probability that there w...

Q: Which of the following accounting records is the main source of information used to prepare thefinan...

A: Financial statements seem to be a set of high-level reports that summarize a company's monetary perf...

Q: 5... new...C Indigo Inc. manufactures an X-ray machine with an estimated life of 12 years and leases...

A: Introduction A lease is an legal agreement or contract under which one party agrees to give it build...

Q: Q1 The following transactions relate to Carrick Ltd - during March 2022, which is its first mont of ...

A:

Q: Reviewing insurance policies revealed that a single policy was purchased on August 1, for oneyear’s ...

A: Prepaid insurance is one of the current asset of the business, which means insurance expenses for fu...

Q: Freetown Manufacturing company acquired three patents in January 2016. The patents have different l...

A:

Q: How much is the Total Assets Turnover? (Round to the nearest 3 decimal places)

A: Total asset turnover ratio is an efficiency ratio. This efficiency ratio determines a company’s abil...

Q: b) State the journal entries necessary to record the following transactions in the general journal. ...

A: In this question we  State the journal entries necessary to record the following transactions in the...

Q: a. He deposited P400,000 in a bank account in the name of the business. b. He bought chairs and a ta...

A: The t-accounts are prepared to record the transactions to specific accounts and find the final balan...

Q: On November 5, 2008, a Breakthrough Company truck was in an accident with an auto driven by McAllen....

A: Provision means amount that is put aside from profit for future probable loss and expenses.  Provisi...

Q: The government has decided to give a special handout where RM10,000 can be withdrawn from KWSP. What...

A: Employees' Provident Fund (EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) may be a federal statut...

Q: Required: Determine the following measures for 20V2, rounding to one decimal place, except for dolla...

A: Lets understand meaning of ratios. Working capital is a current asset less current liabilities. In o...

Q: Sage Industries and Pronghorn Inc. enter into an agreement that requires Pronghorn Inc. to build thr...

A: The question is based on the concept of Lease Accounting.

Q: Miguel Wing has decided to enter contract with uber service provider in his area. The driver offers ...

A: Solution A service provider is an organisation that that provides the services , consulting ,legal, ...

Q: Q1 From the following data calculate price index number for current year as 2021 a) Laspeyre's metho...

A: An index number seems to be a way of analyzing fluctuations in a variable or set of variables in ter...

Q: Shamrock Leasing Company signs a lease agreement on January 1, 2020, to lease electronic equipment t...

A: Journal entries:  

Q: The following information is taken from the records of Baklava Bakery for the year 2019 A. Calculate...

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Key questions to consider when determining the appropriate consolidation adjustment entries include ...

A: Consolidation of the financial statement is a process of combining the financial statements of the s...

Q: The company m overflight at ac Required: 1. Prepare a fle the effect of ea all amounts as

A: A Flexible budget is called variable budget and adjust to change in actual revenue level.

Q: PROBLEM 1 (ERROR CORRECTION) Koshu Co., a calendar year entity, contained the following independent ...

A:

Q: Additional information: The selling and administration expenses were $1,000 in the January. Income...

A: Inventory- The term inventory refers to the raw resources used in manufacture as well as the commodi...

Q: 45. According to Josh's W-2 statement, his wages were $27,391 for the previous year. He also earned ...

A: Taxable income= Gross income- Adjustments- standard deduction Gross income= Wages+ interest income =...

Q: The company uses the perpetual inventory method and started the month of November with 500 units of ...

A: Under perpetual system moving average method, cost of units calculated in same manner as for weighte...

Q: 4. Suppose that there is a negotiation between two players over a painting. Person 1, the seller, ha...

A: In a game theory, a subgame perfect equilibrium is an advance version of Nash equilibrium used in dy...

Q: Direct Materials Beginning balance S5,000 Ending balance 16,000 Purchases 55,000 Direct materials us...

A: Direct material is that type of materials which is used directly for production and manufacturing of...

Q: Direct Materials Beginning balance S5,000 Ending balance 16,000 Purchases 55,000 Direct materials us...

A: The direct materials used is calculated as difference between total direct materials available for u...

Q: state whether each of the following terms is correct or incorrect and correct the false one: 1-Absol...

A: An audit is a thorough scrutiny of the books of accounts and related documents of an entity.

Q: Identify whether each of the following transactions, which are related to revenue recognition, areac...

A: Revenue recognition is the recording and recognition of revenue in the accounting books as per princ...

Q: Indigo Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Chambe...

A: given Indigo Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to ...