year 2011 Sales lo ss 8,00,000 3,75,000 2012 45,000 30.000 Calculate: Piv Ratio BEP Ca a Sale of Rs. 4,00,000 profil Sale on on desized profit of Rs S0,00 Safety fox the year Margin
Q: Variable and Absorption Costing-Service Company Really BC, Inc. prepares a variable costing income s...
A: Absorption costing, often known as "full costing," is a management accounting method for recording a...
Q: QUESTION 2 Which of the following statements is false O A positive net working capital is desirable ...
A: Income statement is prepared by the business organizations so as to know how much amount of Gross pr...
Q: Chapman Manufacturing Company uses the weighted average method for process costing. Chapman produces...
A: The product cost report covers manufacturing and cost activities for an accounting period within a d...
Q: Bing Company sells its product for $106 per unit. Variable manufacturing costs per unit are $47, and...
A: Fixed manufacturing costs per unit = fixed manufacturing costs / Units produced Total Fixed manufact...
Q: James Inc. currently has P750,000 in accounts receivable, and its day sales outstanding (DSO) is 55 ...
A: Days sales outstanding = 365/ Accounts receivable turnover where, Accounts receivable turnover = Sal...
Q: . Entity A leases computer equipment to customers under direct-financing leases. The equipment has n...
A: A lease is an arrangement where a lessor agrees to allow a lessee to control the use of the asset fo...
Q: Valır Co., which began operations on January 1, 2021, appropriately uses the installment method of a...
A: Installment method of accounting is the method in which the owners books the profit when it is reali...
Q: The LL Company will issue shares of P10 par value common stock for all the assets and liabilities of...
A: To calculate the number of shares to be issued by LL, we need to compute the Net asset 1) The stat...
Q: Total 112,850 10,400 On March 31, ABC has 2,700 units in ending inventory. Using the periodic LIFO (...
A: Answer LIFO (Last-in first out) Last in, first out (LIFO) is a method used to account for inventory ...
Q: Data for 2020 taxable year of ML partnership (Domestic corporation) including partner's own income (...
A: The essential concept of partnership taxation is that all profits and losses flow through to the par...
Q: n employer in Cincinnatti, Ohio employs two individuals, whose taxable earnings to date (prior to th...
A: calculation of SUTA and FUTA tax are as follows
Q: October 10 Purchased 100 pairs of sneakers on account at a cost of $5,945 per pair. In addition, Jer...
A: FIFO Method - Under FIFO Method of Inventory valuation company used to sell inventory purchased 1st....
Q: To calculate the performance report of advertising revenue at the Daily News for March 2021, below a...
A: Revenue variance refers to difference between the budgeted and actual revenue. Revenue variance= Act...
Q: Impact of Improvements and Replacements on the Calculation of Depreciation On January 1, 20-1, two f...
A: Depreciation of simulators A & B on December 31, 20-1 = (cost - salvage value)/ useful life of a...
Q: Jerome's Fashion Dezigns sells a variety of items of clothing including footwear for men and uses a ...
A: Since the FIFO method is used the first inventory to be sold must be from the beginning inventory, t...
Q: Pomelo Company's ROE last year was only 3%; but its management has developed a new operating plan th...
A: Net Income = (EBIT - Interest) x (1 - Tax Rate) Total Assets = Sales / Total Assets Turnover Ratio D...
Q: Here are the abbreviated financial statements for Planner's Peanuts Income Statement , 2019 Sales ...
A: The question is based on the concept of Financial Accounting.
Q: On February 1, 20x21, Paco Corp. acquired outstanding ordinary shares of School Inc. for cash. The i...
A: Control premium: Control premium refers to a sum that the buyer will pay over the honest assessment ...
Q: Goodie Corporation owns 20,000 shares of JFC Corporation recorded as “Investment in JFC Corporation”...
A: A dividend is the distribution of a part of a company's earnings to a selected group of shareholders...
Q: QUESTION 8 ABC Corporation invests $60,000 in a Certificate of Deposit (CD) paying annual interest o...
A: Certificate of Deposit (CD): A certificate of deposit is given by a bank to an individual saving cas...
Q: 2. Answer the following questions, considering each situation independently. You might not be able t...
A: Marginal Costing - Under Marginal Costing system it is the combination of Fixed and Variable Cost. V...
Q: Sophie Gowna, 47 years old, works for an Ontario company with a Bi-weekly pay cycle. She earns $19 p...
A: The process of payment of payroll is an important aspect of the business as well. Payroll which inc...
Q: 2. Assuming a seven-year class of property, compute MACRS depreciation expense for each year of the ...
A: Business organizations are required to charge the depreciation expense so as to shown the value of a...
Q: Date Wireless has the following assets: Current assets: Temporary $1,190,000 Permanent 1,380,000 Cap...
A: Earning Per Share: A company's profitability is shown by the amount of money it earns per share, oft...
Q: Selected information from the separate and consolidated income statements of Poster Corporation and ...
A: Answer:- Definition cost of goods sold:- The carrying value of the products sold during a specific ...
Q: If a company has non-current assets worth 921, current liablies worth 598, longterm liabitities wort...
A: Introduction:- The following Accounting or Balance sheet equation used for preparation of balance sh...
Q: The Variable Cost of Goods Sold in the Marin Company totals P325,000. Fixed selling and administrati...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: 10. On July 1, 20x6, Entity A leased a delivery truck from Entity B under a 3-year operating lease. ...
A: Given that entity A leased the delivery truck on July 1st, 20X6 and rent payment need to be done ann...
Q: What is the % of t
A: In this question, we have to answer according to the Philippine government data.
Q: (Corporate income tax) G. REdwin Inc. had sales of $6.01 million during the past year. The cost of g...
A: Given that : sales : $6.01 million Cost of good sold :$2.7 million Operating expenses : $2.47 milli...
Q: ith the lowest capital balances first c. Partners based on their capital balances
A: When a partnership is dissolved , the assets are liquidated and liabilities are paid off
Q: Carla Vista Company purchases a patent for $147,200 cash on January 2, 2021. Its legal life is 20 ye...
A: Amortization expense is the write-off of an intangible asset over its anticipated useful life, indic...
Q: Calculate the amount of 1) Basic and 2)Diluted Earnings per Share for the Year ended December 31, 20...
A: EPS is Earnings per share is the measuring rod of the profitability of the company. The basic EPS is...
Q: QUESTION 1 On March 1, ABC Corporation invests $75,000 in a 9-month Certificate of Deposit (CD) that...
A: Adjusting entries are often made at the end of an accounting period. However, depending on the accou...
Q: Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin pe...
A: Contribution Margin Ratio = 1 - Variable Costs to Sales Ratio Contribution Margin Per Unit = Selling...
Q: uding the Non-C
A: The Stockholders' Equity including the Non-Controlling Interest as,
Q: Purchased $360,000 of raw materials on account. Issued direct materials for production: Mixing $252,...
A: The question is based on the concept of Cost Accounting.
Q: Why does a company evaluate both the money allocated to a project and the time allocated to the proj...
A: "Since you have asked mutiple question we will be solving first question for you,If you want any spe...
Q: On January 1, 20x1 Pinup Corp acquired 34,560 outstanding ordinary shares of Slug corp. for a cash c...
A: Calculation of amount of non-controlling interest are as follows.
Q: Market Value P40,000 230,000 700,000 Book Value P40,000 Cash Inventory Plant Assets (net) 170,000 62...
A: The non controlling interest is the interest that is earned by tge minority shareholders of the busi...
Q: DaBaby Company issues 4,000 shares of restricted stock to its CFO, Stallion Megan, on January 1, 202...
A: Fair value on date of issue =$120,000 This value is to be considered as unearned compensation and...
Q: or pay off cumulative loan. Initial cash balance in June is $6,000,000 and there is no cumulative lo...
A: Introduction Cash Budget: In the business world, a cash budget is an estimate of a company's cash ...
Q: If a company uses a periodic inventory system, which of the following entry or entries are required ...
A: When a physical inventory count is done, a periodic inventory system simply updates the general ledg...
Q: Calculate Boeing's cash flow from assets given the following information: Interest paid 201 Dividend...
A: Cash Flow Statement (Indirect Method) For the year ended December 31, Year 2 Cash Flow from Oper...
Q: The condensed balance sheets of Ayayai Limited, a small private company that follows ASPE, follow fo...
A: The question is based on the concept of Financial Accounting.
Q: Bankers usually insist that prospective borrowerssubmit audited financial statements along with a lo...
A: CPA or the Certified Public Accountant is the individual that has authority to investigate and audit...
Q: graph below shows monthly data collected on facilities maintenance department co, 000 5,000 tine of ...
A: The equation of line consist of slope and the intercept. The intercept is where that cut on Y axis a...
Q: The assets of J&R Associates consist entirely of current assets and net plant and Problem 1 (Stateme...
A: Since we answer up to 3 sub-parts, we'll answer the first 3. Please resubmit the question and specif...
Q: assets of XYZ Company and also incurred 12,000 direct acquisition costs. The recorded assets and lia...
A:
Q: A company is planning to undertake an investment project. The following data have been calculated fo...
A: Dear student, as per Bartleby guidelines we are supposed to answer only first question with its subp...
Step by step
Solved in 2 steps with 2 images
- IF the profit are 50% of operating cost, it is ……………. of invoice price a. 20% b. 25% c. 16.66667% d. 33.33334%If the Com.Cost ( 900 000 )D. The percnt of S1 (66%) and the percnt of S2 ( 34% ), the share of S1 from Com.Cost ?How much will be the freight in share of C if base on invoice price and in weight P190, P156.25 P95, P106.25 P142.50, P131.25 P95, P156.25
- tion 8Income statement for the year ended 31 December, 2019 of KKMTN Ghana Ltd2018 2019ȼ ‘000 ȼ ‘000Turnover 420,000 523,600Cost of sales (330,000) (417,200)Gross profit 89,000 106,400Expenses:Administration 44,600 50,200Selling and distribution 15,400 (60,000) 19,600 (69,800)Profit before interest 29,000 36,600Debenture interest - (2,800)Net profit before tax 29,000 33,800Taxation (8,000) (10,000)Net Profit after tax 21,000 23,800Ordinary dividend paid 8,400 9,250Ordinary shares issued 12 million and trading at ȼ3 each as at yesterday onGSE.You are required to compute the following investment ratios:a). Earnings per shareb). Dividend per sharec). Payout ratiod). Price earnings ratioe). Earnings yieldFE9Advice the closing inventory value as at July 31stProduct Qty On Hand Cost NRVWJ01 225 $0.05 $1.00WJ02 114 $0.20 $0.90WJ03 74 $2.00 $1.60WJ04 35 $6.20 $6.18WJ05 3 $2,500.00 $2,550.00WJ06 58 $1.50 $1.55a) 7,986.05b) 7,955.75c) 8,402.20d) 7,960.65Dollar-Value LIFO Retail Intella Inc. adopted the dollar-value retail LIFO method on January 1, 2018. The following data apply to the 4 subsequent years: In addition, the following price indexes are available: Required: Compute the inventory at the end of each of the 4 years. Round the cost-to-retail ratio to 3 decimal places.
- Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item OriginalSelling Price(in $) Amount ofMarkdown Sale Price MarkdownPercent Necklace $ $105.00 $235.00 %44- Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000. a. OMR 64000 b. OMR 70000 c. OMR 56000 d. OMR 60000Alaliya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales Discount of OMR 2000 and sales return of OMR 3000. Calculate net sales? a. OMR 23000 b. OMR 25000 c. OMR 30000 d. OMR 21000
- Given:Avarege trade receivables of afirm is40.000,average finished goodsis 50.000, cost of goods sold is 200000 and net sales is 250.000. Whatis trade receivables turnover? a. 250.000/40.000b. 40.000/ 200.000c. 40.000/250.000d. 200.000/ 40.000==========5. Activity Ratios are used in the assessment ofa) The financial risk of the companyb) the profitability of the assetsc) the short term debt repayment capacity of the firmd)the efficiency of the asset or the source analyzedHow do i create an NPV graph on excel using these data: Unit Sale NPV 1,000,000.00 - 2,952,452.00 1,500,000.00 - 2,001,492.00 2,000,000.00 - 1,050,533.00 2,500,000.00 - 384,861.00 2,789,077.17 - 3,000,000.00 280,811.00 3,500,000.00 946,482.00 4,000,000.00 1,612,154.00 4,500,000.00 2,277,826.004 Calculate net VAT due to or refundable by SARS given the following information: 2.1 Sales of R10 000 (vat inclusive, purchases of R7 000 (vat inclusive) 2.2 Sales of R10 000 (zero rated), purchases of R7 000 (zero rated) 2.3 Sales of R10 000 (exempt supply), purchases of R7000 (incurred to make exempt supplies