What is a vaccine, and what are its limitations?

Q: Everybody in south Africa pays tax in the form of VAT. This is a system where 14% tax is added to th...

A: 1) VAT amount on an I-pod shuttle: =   (Cost × VAT %) / (100 + VAT %) =   (R82,099 × 14) / (100 + 14...

Q: Accounting Question

A: Goodwill is the difference between the fair value of share given and net assets received.

Q: O’Brien Industries Inc. is a book publisher. Note 1. Investments are classified as available for sal...

A: Available-for-Sale Investments: When stocks are purchased to sale in the near future, they are calle...

Q: 2. Calculate the overhead applied to each job during October. The overhead applied to Job 877 is  ...

A: Answer 1 Job -order cost sheet for the month of October is as follows:

Q: Complete the accounting cycle. For the past several years, Jolene Upton has operated a part-time con...

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

Q: Problem #4:   Gitano Products operates a job-order costing system and applies overhead cost to jobs ...

A: Formulas:

Q: Hand owns 90% of Finger and uses the equity method to account for its investment in Finger. In 2020,...

A: Sales done in 2020 by Finger is $80,000.

Q: Which one of the following is correct about variable costing systems? Select one: a. Normally result...

A: Variable costing is a concept used in the cost accounting system which excludes fixed manufacturing ...

Q: Lehman Brothers, as well as many other investment banks, failed as a result of an extremely risky bu...

A: In the current scenario, Lehman Brothers filed an application for bankruptcy on September 15, 2008 a...

Q: Please help solve. (1)

A: Premium on Bonds payable = Issue price of bonds - Face value of bonds = $4,291,220 - $3,730,000 = $

Q: How can auditors ensure they are receiving authentic documentation, not forgeries?

A:

Q: Multiple-Product Breakeven Parker Pottery produces a line of vases and a line of ceramic figurines. ...

A: Break-even analysis is a technique used widely by production management. It helps to determine the u...

Q: An engineer bought an equipment for P500,000. Other expenses including installations amounted to P30...

A: SYD method of depreciation stands for sum of year’s depreciation in which the sum of total years is ...

Q: The capital balances and profits- and loss-sharing percentages for the Sip, Jog, and Run partnership...

A: Partnership: Partnership can be defined as the legal agreement between two or more persons who have ...

Q: Explain the difference between how you would characterize bank deposits and loans as assets and liab...

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of credito...

Q: Nevada Corporation has 63,600 shares of $16 par stock outstanding that has a current market value of...

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share ...

Q: Determine the depreciation charge during the 13th year

A: Here is the solution to the above question. 

Q: Cortez Company is planning to introduce a new product that will sell for $108 per unit. The followin...

A: Total Overhead Cost refers to those expenses that a business incurs for staying in business irrespec...

Q: 17 Accounting for Off-Balance-Sheet Financing. On June 24, Year 4, a major airline entered into a re...

A:

Q: 8. Second Bank has the following balance sheet in millions of dollars, with the Basel risk weights g...

A:   Compute the capital adequacy ratio:   Capital adequacy ratio=Tier 1 capital+ Tier 2 capitalRisk we...

Q: On March 6, Crane Company returned $99,900 of merchandise purchased on March 2. (Credit account titl...

A: Purchase return refers to the transaction when a buyer returns purchased goods or merchandise that i...

Q: Which of following is not correct about normal costing? Select one: O a. Product cost includes the a...

A: Option a (Product cost includes the applied indirect manufacturing cost) is not correct about normal...

Q: Q2  Q3 Q4 Q5

A: Q2At simple interest of 3% for 3 years the $1000 will become: Interest = Principal * Rate * Time / 1...

Q: Ntebegining of curent yew, Jade Company reported the following rcholdens'equity: Sare capital, 1,500...

A: Unappropriated retained earnings: The unappropriated retained earnings can be defined as the portion...

Q: Internal Control Considerations in End-User Computing Environments. Because of theuse of personal co...

A: Internal control: Internal control is a process which ensures continuous reliability of accomplishme...

Q: Compute for the Shareholder’s Equity using these data; Bonds payable P300,000; Ordinary shares premi...

A: Shareholder's Equity is the total amount of investment by shareholders in the company, in forms of e...

Q: When considering internal control, an auditor must be aware of the concept ofreasonable assurance, w...

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of corr...

Q: What is the difference between an Offer for a unilateral contract and an Offer for a bilateral contr...

A: In unilateral contracts, one party offering the deal promises to pay when a certain act or task is c...

Q: Selected comparative financial statements of Korbin Company follow. Korbin Company Comparative Incom...

A: “Since you have posted a question with multiple sub-parts, we will be solving only the first 3 sub-p...

Q: Kwami Williams and Emily Cunningham of MoringaConnect must understand manufacturing costs to effecti...

A: Manufacturing costs:   It is the aggregate cost incurred by a business to produce goods in a report...

Q: On December 1, a company signed a $6,000, 90-day, 5% note payable, with principal plus interest due ...

A: Answer:   Option b.

Q: Manufacturing overhead is reported on the interim Balance Sheet both as current asset & current ...

A:

Q: An industrial plant bought a generator set for P90,000. Other expenses including installation amount...

A: SYD Method means Sum of years digits method of charging depreciation.    

Q: Audit teams can obtain evidence of the proper functioning of password access control to a accounting...

A:

Q: ABC Co. issued share capital of 20,000 shares, P5 par, at P10 per share. The accumulated profits on ...

A: Treasury Stock refers to the company’s own outstanding stock bought back from stockholders. These sh...

Q: What is a discounted cash flow approach to fair market value estimation, and what are some of the un...

A:

Q: Information related to Sunland Co. is presented below. 1.    On April 8, returned damaged mercha...

A: Merchandise Inventory: Merchandise is the stock of goods bought by a wholesaler, or a retailer, or a...

Q: Is it the auditors’ responsibility to verify that the client meets tax-exempt status?

A: Here the requirement of the question is it the auditor's responsibility to verify that the client me...

Q: Record journal entries for the following transactions for Captain Harry Outfitters using the perpetu...

A: Perpetual inventory system: Under this accounting method for companies moving large amounts of stock...

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.