With example, explain the difference between induced and indirect economic impact.

Q: Katherin, LLC had average total cost per unit of $9.73 at 5,000 units and $9.55 at 12,000 units.…

A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…

Q: Lane Industries is considering three independent projects, each of which requires a $2.8 million…

A: IRR or internal rate of return is an important tool that is used in capital budgeting to determine…

Q: Given that sales are R5000000, Gross profit is R1 500 000. Therefore, cost of sales is R 2500000.…

A: The cost of sales can be calculated by deducting the gross profit from the sales revenue.

Q: Cork Oak Corporation purchased a heavy-duty truck (not considered a passenger automobile for…

A: Since you have posted two independent questions, therefore, as per the guidelines, the solution to…

Q: Accounts receivable are appropriately aggregated and clearly described in the financial statements.…

A: Management assertion is the claim made by the management regarding the items in the financial…

Q: the underlying business reasons that required Procter & Gamble to record a goodwill impairment

A: Goodwill is an intangible property connected with the acquisition of a company by another. Goodwill…

Q: Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's…

A: Tax is the amount which is to be paid by an individual or entity on the taxable income.

Q: 2. On July 1, 2019, XYZ Co. borrowed P2,000,000 and İssued a one-year promissory note. The lender…

A: The notes payable is an agreement where the borrower promises to pay interest and principal at…

Q: entity owned by the wife of the chief ope tory were transferred to a subsidiary. om the father of…

A: A related party includes 1) An associate of a company 2) A subsidiary company o 3) Key personnel…

Q: Documentation of risk assessment procedures and responses to risks of misstatement should include…

A:

Q: Which of the following is the best definition of tax planning? Oa. Planning taxpayers' financial…

A: Tax planning refers to financial planning for tax efficiency to reduce tax liability and optimally…

Q: A simple and convenient first choice to explain the behavior of firms is through the profit motive.…

A:

Q: An asset (not an automobile) placed in service in June 2021 has a depreciable basis of $35,000 and a…

A: Given : Depreciable Asset in June 2021 = $35000 Recovery Period = 5 years Calculate : what is the…

Q: enver established 5 routes to Los Angel curred total of $4,200,000 in overhead d to allocate the…

A: Activity based costing is method used to allocate overhead cost . It is calculated  by dividing the…

Q: Which of the following statements best describes the purpose of Oa. To inform taxpayers of their…

A: A bill which describes the rights of tax payer regarding tax is called bill of rights.

Q: 2 Cierra, Inc. manufactures computer chips. Currently, the costs per unit are as follows: Direct…

A: In making or buying decision making, the cheapest option should be accepted.

Q: the IRR turn on t MARE

A: Given:

Q: Analytical Thinking (Algo) [LO9-2, LO9-4] Southside Pizzeria wants to improve its ability to manage…

A: The variance can be defined as the difference between the budgeted performance and the performance…

Q: Prepare the Balance sheet Accounts payable $ 11,000 Accounts receivable 15,000 Buildings Cash 11,000…

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: Question 2 a)At the end of the year, Era Sdn. Bhd. provided the following actual information:…

A: Overhead variance for the year = Actual overhead - Applied overhead where, Applied overhead = 75% of…

Q: Charlie Corporation is a chemical company. The company issued an outstanding bond with a P100,000…

A: Answer) Calculation of Selling Price of Bonds Face Value of Bonds = P 100,000 Annual rate of…

Q: Company had ary 1, Vilma c n method of P pany had esti er 31, 2020 wi y had fixed as f P2,000,000 c

A: The total amount of expense that should be reported in the interim income statement ended on 30…

Q: Brown Company, had the following statements prepared as of December 31, 2020. Brown Company…

A: Statement of cash flow is prepared to see the movement of cash. It shows the inflows (receipts) and…

Q: A Moving to the next question prevents changes to this answer. Shane Company acquired shooting…

A: Shooting rights are right to conduct geophysical survey on a piece of land to identify potentials of…

Q: Use the follwing information for questions 14 and 15 The following information was available for…

A: The inventory turnover ratio is used to figure out, how efficiently the inventory is managed.

Q: Grace Company is using 0.05% of sales to compute its quarterly doubtful accounts. Sales for the…

A: Amount of adjustment to the doubtful accounts for the fourth quarter = Estimated doubtful accounts…

Q: 1. What amount should be reported as income before tax in the financial statements? * 1. The…

A: Adjustment in Reporting period There are number of rules and regulations which are adopted in the…

Q: Compute the Cost transferred Out and Cost of Ending Inventory

A: CAPTURED Inc. produces small plastic toys and follows process costing method. A Less than 8%…

Q: 6. Sincere Corporation financial statements for the year ended December 31, 2021 are authorized for…

A:

Q: In 2021, Segment X of Special Company had sales of P5,000,000 (represents 30% of the total company’s…

A: Sales - traceable cost = gross profit P5000,000 - P3200,000 P1800000

Q: Two pounds of raw materials are needed to produce one product. The desired ending balance of raw…

A: The raw materials purchase budget is prepared to estimate the cost of raw materials to be purchased…

Q: Charlotte Corporation purchased a machine that had an original cost of $150,000 and an estimated…

A: *As per the bartleby guidelines, in case of interlinked question answer first 3 only    Given that:…

Q: Sale to private entities subject to 12 Sale to private entitices subject to 0' Sale to government…

A: Tax refers to the compulsory charge levied on the sum value of money gained by an entity by the…

Q: In 2021, Segment X of Special Company had sales of P5,000,000 (represents30% of the total company’s…

A: Gross profit Sales - cost of goods sold ( traceable cost) P5000,000 - P3200,000 P1800,000

Q: A car mech

A: A person who is obliged to pay taxes to the government is known as taxpayer. For filling taxes there…

Q: Which of the following is true?   i. The general percentage tax is an explicit tax on consumption.…

A: VAT is a form of sales tax. It is a form of indirect tax on transfer of goods or services or both.…

Q: Using the FIFO Costing: 1. How much is the cost of the received and completed? 2. What is cost per…

A: Answer provided with detailed explanation given below:

Q: How much is the cost of each motorcycle? Show your solution

A: Cost allocation refers to the process which is used by the company to allocate the cost of product…

Q: Information on Kimble Company's direct labor costs for the month of January is as follows: Actual…

A: Note:We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: C. Assume the same facts except that Aretha's adjusted gross income before the rental loss is…

A: Solution:- c) Assume the same facts except that Aretha's AGI before the rental loss is $145000 and…

Q: Draw the cash flow diagram in terms of Rael perspective. Show complete solution and formula used.…

A: Cash flow diagram is the diagram which shows by the timeline how much cash has came into the…

Q: I. What is the present value of cash outflow for each of the two financing options, using the…

A: Evaluation of Project which is to be financed through bank loan or it has to be taken on lease.…

Q: Odessa, Inc., reports the following information concerning operations for the most recent month:…

A: The standard is set in advance, and the actual performance is measured against it. If the actual…

Q: The Engine Division of Murphy Motor Corporation uses 5,000 carburetors per month in its production…

A: For special order, only variable manufacturing costs are required to be incurred. The fixed…

Q: Required: Prepare the requested journal entry to correct the Company’s accounting records for the…

A: Meaning : Journal Entries are the method to record transactions within the accounting records of the…

Q: y share capital. The investee reported net income of P6,000,000 for 2021. No dividend was declared…

A: Chevy Co  owns 50% of another entity's Pref. Share Capital .  The Pref. Shares are 10%…

Q: cording to their capital. contribution. Profit will be distributed as

A: Given as, Capital contribution: Musa 500000 Leon R 300000

Q: Bloom and Carnes share profits and losses in a ratio of 2:3, respectively. Bloom and Carnes receive…

A: Net income is calculated by deducting all expenses like salary,tax,interest,etc from total income.

Q: Christian wants to transfer as much as possible to his 4 adult married children (including spouses)…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: 10. In 2021, Segment X of Special Company had sales of P5,000,000 (represents 30% of the total…

A: Profit is the amount earned by an entity or segment after deduction of all the outlays and losses…