What are assurance services?

Q: What are the often-cited benefits of IT outsourcing?

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Q: Accounting Question

A: Inventory shrinkage:   It represents the loss of inventory. In other words, it refers to the differe...

Q: Common stockholders profitability analysis

A: Rate earned on stockholder’s equity and rate earned on common stockholders are the accounting ratios...

Q: Green Thumb Gardening is a small gardening service that uses activity-based costing to estimate cost...

A: Calculate the activity rate for carrying for lawn:

Q: Highlands Company uses the weighted-average method in its process costing system. It processes wood ...

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Q: Metlock Company had bonds outstanding with a maturity value of $323,000. On April 30, 2020, when the...

A: Bonds:   Bonds are long-term promissory notes that are represented by a company while borrowing mon...

Q: A borrower has two alternatives for a loan: (1) issue a $360,000, 60-day, 5% note or (2) issue a $36...

A: Discount on notes payable arises when proceeds from notes payable is less than the face value of the...

Q: What are the objectives of a fixed asset system?

A: Fixed Assets:   The asset used by company for more than one year is known as fixed asset. Fixed asse...

Q: 1. Compare and contrast how book (GAAP) depreciation expense vs. MACRS depreciation deductions are c...

A: GAAP : Generally Accepted Accounting principles MACRS: Modified Accelerated Cost Recovery System.

Q: Define ERP.

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Q: What is computer fraud, and what types of activities does it include?

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Q: Prepare the base tables, in third normal form, needed to produce the user view in the table.

A: Data Normalization: Data normalization is the process by which data anomalies and data redundancies ...

Q: Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 20XX for $85 during Decem-ber 20Y8. These ...

A: Current Liabilities These are those liabilities which a company is obligated to pay within a year. B...

Q: Measures of liquidity

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: Illinois Metallurgy Corporation has two divisions. The Fabrication Division transfers partially comp...

A: Transfer price: It can be defined as the price at which the services and products are exchanged or t...

Q: Explain the differences between Restricted investment account (RIA) and Unrestricted investment acco...

A: Islamic accounting can be defined as the process of accounting based on  Islamic law that is Shari'a...

Q: What are two objectives that enable reports to be considered useful?

A: Report: It can be defined as the document that assists the users and the management in providing the...

Q: What documentation techniques are used in the structured design approach to conceptual design? What ...

A: The term documentation means collecting credential related to the system for the purpose of system d...

Q: Explain the measurement and recognition for restricted investment account and unrestricted investmen...

A: Restricted investment Account: RIA is the type of customer investment account in Islamic Finance ind...

Q: When assigning foreign keys in a 1:M associationa. the primary key of each table should be embedded ...

A: Foreign Key: Those keys that help to establish the physical connection of tables, logically related...

Q: Describe why and exactly how a partner in a partnership must annually ad-just (either increase or de...

A: Adjusting tax basis in partner’s partnership interest is very essential. A partner need not necessar...

Q: Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekl...

A: Total cost = Fixed cost + Variable cost

Q: Why does dual cost allocation improve the resulting allocation of service department costs?

A: Dual Cost Allocation segregates total costs into two parts Fixed Costs. Variable Costs. Each varia...

Q: What are the objectives of application controls?

A: An application control consists of compactness and validity checks, identification, authentication, ...

Q: Refer to the flowchart.a. What risks are associated with the payroll procedures depicted in the flow...

A: Definition: Payroll control: A payroll fund is an amount which is used to pay the salary of employee...

Q: Explain how a separate linking table works in a many-to-many association.

A: Database Management: Database management refers to management of databases held within an organizati...

Q: Accounting Question

A: Net Sales = Sales - Sales Discount - Sales returns and allowances

Q: You are an independent auditor attending an engagement interview with the client. The client’s organ...

A: Data Warehouse: Data warehouse refers to a database which helps in making business decisions. The p...

Q: Finley Educational Products started and finished job number B67 during June. The job required $4,600...

A: Job order costing: Job order costing is one of the methods of cost accounting under which cost is co...

Q: Question 3 A) Differentiate between stakeholder and shareholder accounting theory with explained ex...

A: A shareholder is the owner of the organization through owning the shares, while stakeholders are the...

Q: Durban Metal Products, Ltd., of the Republic of South Africa makes specialty metal parts used in app...

A: Activity-based costing (ABC):   Activity based costing (ABC) framework was created to manage the dra...

Q: What is a foreign key?

A: Definition: Relational database: It is a collection of multiple data sets constituted by rows, colum...

Q: Explain how to get positive behavioral effects from a responsibility-accounting system.

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Q: The following items were selected from among the transactions completed by Shin Co. during the curre...

A: Since you have asked multiple questions we will solve the first question for you,If you want any spe...

Q: The decision to accept or reject a special order and the selection of a price for a special order ar...

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Q: Give an example of a gain sharing plan that could be implemented by an airline.

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Q: Briefly explain the concept of economic, profitmaximizing pricing. It may be helpful to use graphs i...

A: Pricing decisions: Pricing decisions is one of the most important and required decision for the mana...

Q: What is meant by the term islands of technology?

A: Definition: Conversion cycle: A set of all processes that is used to collect inputs and convert them...

Q: Distinguish between a problem and a symptom. Give an example. Are these usually noticed by upper-, m...

A: Problem Identification:   Problem identification is the process to find out the errors and mistakes...

Q: 41. If the contribution margin ratio for France Company is 31%, sales were $431,000, and fixed cos...

A: Correct Ans.: Option d. $33610

Q: Departmental Cost Allocation; Outsourcing Marin Company produces two software products(Cloud-X and C...

A: Under direct method of cost allocation of service costs, the service departments directly allocate t...

Q: San Mateo Circuitry manufactures electrical instruments for a variety of purposes. The following cos...

A: Cost:   Cost can be defined as the cash and cash equivalent which is incurred against the products o...

Q: a. What is the finance charge for March? b. What is Carolyn's new balance? %24

A: