Is backup redundancy inefficient?

Q: Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost ...

A: Variable cost per unit $ 50 

Q: The duality of effects can best be described as follows:a. When a transaction is recorded in the acc...

A:

Q: Please assist with : S-13 requirement #1

A: Given: Amount paid by Decca publishing = $ 230,000 Amount of total assets = $ 130,000 Amount of tota...

Q: How does the audit team determine expected misstatement? What is the relationship betweenexpected mi...

A: Expected misstatement The amount of misstatement the audit team anticipated in the account balance o...

Q: The stockholders’ equity section of The Seventies Shop is presented here.THE SEVENTIES SHOP Balance ...

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

Q: On January 4, 2021, Runyan Bakery paid $360 million for 10 million shares of Lavery Labeling Company...

A: The equity method is a bookkeeping procedure utilized by an organization to record the benefits earn...

Q: Williamson Distributors separates its accounts receivable into three age groups for purposes of esti...

A: Total estimated uncollectible accounts = Accounts receivable x % estimated uncollectible

Q: Financial Statements Jose Loder established Bronco Consulting on August 1, 2019. The effect of each ...

A: Accounting equation: This equation is the mathematical equation in the accounts according to these e...

Q: What does it mean to recognize an accountingtransaction?

A: The accounting transactions that directly or indirectly alters the financial aspect of the enterpris...

Q: Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid r...

A: The journals are: In the books of Sweet Catering Journals Date Particulars LF Amt(Dr.)($) Amt...

Q: Riverbed Company has the following investments as of December 31, 2020: ●   Investment in common...

A: Prepare the journal entries to record the impairment of these two securities at December 31, 2018.

Q: 1.Taryn sold a sculpture for $6,000 on 1 January 2020, she bought it in $1,500 on December 1994. Giv...

A: Introduction: s per Income Tax Act ,1977 – Australia, Capital Gain Tax (CGT) will be applicable on C...

Q: Weber Company purchased a mining site for $690,727 on July 1. The company expects to mine ore for th...

A: b.$44,598.37

Q: Identify the normal balance (debit [Dr] or credit [Cr]) for each of the following accounts. Equipmen...

A: Equipment: It is the fixed asset of the organization.

Q: Which of the following situations indicates that an asset is impaired?a. The net book value of the a...

A: Impairment: It can be defined as a significant reduction in the recoverable value of the goodwill an...

Q: On January 17, Papa’s Pizza signs a contract with Bug Zappers for exterminating services related to ...

A: Matching principle: According to this principle, the expense should be recognized when it is actuall...

Q: At the beginning of 2009, Florida Road Construction entered into a contract to build a road for the ...

A: Revenue Recognition: Revenue recognition is the recording of revenues in the books of the company on...

Q: Explain Activity-Based Depreciation Methods.

A: Depreciation per unit under Activity-Based Depreciation Method = (Cost of asset - Expected residual ...

Q: Which of the following is not a characteristic of a good performance measurement system? Group of an...

A: There are many measures used by an organization to measure the performance of its employees. The bes...

Q: In August, Joplin Designs sold $510,000 of merchandise; all sales were in cash.The cost of sales for...

A: Record the journal entries for the monthly sales, cost of sales:

Q: Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of ...

A: Depreciation is decrease in the value of assets over time due to normal wear and tear. There are man...

Q: Grasshopper Lawn Service provides general lawn maintenance to customers. The company’s fiscal year-e...

A: Journal entry: It is the recording of financial and non-financial transaction of the organization. I...

Q: The amount a person would have to deposit today to be able to take out $600 a year for 10 years from...

A: Amount need to deposit today = $ 4,026.05

Q: The balance sheets for Plasma Screens Corporation, along with additional information, are provided b...

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for ...

Q: Horizontal analysis examines trends in a company a. Between income statement accounts in the same ye...

A: Horizontal analysis of financial statements: In horizontal analysis of financial statement, the amo...

Q: When auditors become aware of noncompliance with a law or regulation committed byclient personnel, t...

A: Auditing:   Auditing refers to an independent examination of financial information of any organizati...

Q: An audit plan containsa. Specifications of audit standards relevant to the financial statements bein...

A: Answer: b. Specifications of procedures the auditors believe appropriate for the financial statement...

Q: On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some re...

A: Interest received on Notes = Face value of Notes x rate of interest x time = $11,000 x 9% x 6/12 = $...

Q: A primary objective of analytical procedures used in the final review stage of an audit is toa. Iden...

A: A primary objective of analytical procedures used in the final review stage of an audit is to Assist...

Q: Which of the following items is most likely a short-term liability?a. Deferred income taxesb. Financ...

A: Short term liability means liabilities which are to paid in within next year or within the time of o...

Q: Shaquille Corporation has operating income of $1.7 million, a loss on write-down of inventory of $20...

A: Given information is: Shaquille Corporation has operating income of $1.7 million, a loss on write-do...

Q: Do you think it would be ethical for a CPA to have someone else do for her that which she is prohibi...

A:

Q: For each account, indicate whether it appears in the general ledger or the subsidiary ledger Prepaid...

A: We have to indicate whether Prepaid Rent appears in general ledger of subsidiary ledger. 

Q: An assurance service is defined as a service thata. Provides auditing services to nonfinancial infor...

A: Assurance service: It is aimed at improving the quality of information for the individual making dec...

Q: Identify each of the following terms/phrases as either an accounting (a) principle, (b) assumption,o...

A: Going concern:

Q: Joe Moreland paid us $500 in advance for work to be done on his residence. The entry to record the c...

A: An adjusting entry is needed to account for Labor revenue from Joe Moreland.

Q: If you are the CEO and you give your employees a bonus at the end the year, according to their net i...

A: The CEO of the company should always aim for lower expenses hence the CEO should aim for lower bonus...

Q: Identify the letter for the principle or assumption from A through F in the blank space next to each...

A:

Q: Units-of-activity Depreciation A truck acquired at a cost of $235,000 has an estimated residual valu...

A: Units-of-activity method: Under the activity method, the depreciation expense is calculated on the b...

Q: What is outstanding bond?

A: Bond: It can be defined as the loan given to a business or any other organization by the investor an...

Q: If bonds are issued at a discount and the effective-interest method is used, the amount ofinterest e...

A: Bonds: Bonds are a kind of interest bearing notes payable, usually issued by companies, universitie...

Q: Placid Lake Corporation acquired 90 percent of the outstanding voting stock of Scenic, Inc., on Janu...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...