Which of the following statements is currently true:

Q: i. ii. iii. iv. February 1. Signed a 60-day, 10% note, $5,000.00. R80. April 2. Paid cash for the…

A: General Journal It is the book where the business transactions are recorded at first, to prepare the…

Q: 2. Common stock issued at par for P20,900. 3. Depreciation recorded on buildings for P15,000. 4.…

A: Transactions of an entity will be initially recorded through journal entries in the accounts from…

Q: Situation A: A company has revenues of P200,000 and operating expenses of P110,000 in its 1st year…

A: Cash paid to suppliers =Cost of goods sold [COGS] + Increase in inventories + Accounts payable…

Q: Andover Stores uses the average cost retail method to estimate its ending inventory. Information as…

A: Estimated ending inventory is the amount of inventory that an entity might have at the end of the…

Q: RUE BENNETT Company develops software for small businesses and household computers. The majority of…

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

Q: Direct materials-1 pound plastic at $6 per pound Direct labor-2.50 hours at $11.35 per hour Variable…

A: Total material variances=[Standard quantity (SQ) * Standard rate (SR)] - [Actual quantity (AQ) *…

Q: Platteville Corporation has the following account balances at 12/31/20: Amortization expense P…

A: As per IAS 38 , if below mentioned twin conditions are satisfied , intangible asset will be…

Q: TRIAL BALANCE

A: A trial balance is a statement that shows either the balance or total amount of debit and credit…

Q: What Are Liabilities and Equity?

A: includes assets, liabilities, equity (equity), short-term loans, long-term loans, and other relevant…

Q: Parent Ltd (Parent) acquired 70% interest in Subsidiary Ltd (Subsidiary) on 1July 20X0. Duringthe…

A: Elimination Entry: These  are the entries which are utilized to avoid inter company expenses  and…

Q: A manufacturing process can be designed for varying degrees of automation. The following is relevant…

A: Present Value- The current value of a sum of future money with a specific interest rate is referred…

Q: Ball is a C-Corporation. Ball made operating income (i.e. income before tax) of $3.47 per share last…

A: Money distributed by an S corporation is typically referred to as a distribution and is not taxed.…

Q: Net income Preferred dividends Average stockholders' equity Average common stockholders' equity…

A: Return on stockholders' equity = Net incomeAverage stockholders' equity× 100

Q: During the first 6 months of the business, Surya is confident of making a large sale each month to a…

A: A cash budget is very important part of Accounting. Its a document produced to help a business…

Q: Journalize the following transactions: i. December 7. Wrote off Wilderness Park Accessories, Inc.'s…

A: Journal- Journal entries are used for recording and tracking business transactions. Journal entries…

Q: Montana Mining Company pays $4,701,030 for an ore deposit containing 1,516,000 tons. The company…

A: Introduction: A journal entry is a record of such a business transaction in the accounting system of…

Q: Required information [The following information applies to the questions displayed below.] Shown…

A: Introduction:- As per contribution to profit analysis, the following are three main elements are…

Q: Mayfield Software has a 2,000-square-foot cafeteria located on the lower level of Building 3, the…

A: Mayfield software has a 2000 square feet cafeteria. The company had been operating the cafeteria now…

Q: There are 2 workers in one of companies, the company has determine the normal work hours by 8 hours…

A: Direct wages refer to the wages paid to the workers who are directly responsible for manufacturing…

Q: Based on the data presented in the Unit VIII Spreadsheet Template in Excel (CM Breakeven tab): •…

A: The contribution margin is calculated by deducting the variable cost from the sales price of the…

Q: What is an example of how data analytics could be used to improve at least one segment of the…

A: Corporation- A corporation is a legal entity that is distinct from its owners and registered under a…

Q: A company with 90,695 authorized shares of $8 par common stock issued 32,813 shares at $14 per…

A: A small stock dividend is when a company issue less than 25% of outstanding shares as a stock…

Q: Since about January 2, 2020, Mandan, Emeril, with Fontenot's partnership had the following capital…

A: Partnership refers to the agreement which is formal in nature and two or more person join together…

Q: calculations listed below. • Calculate the value of ending inventory under full or absorption…

A: Full (absorption) costing:   Full cost per unit:   Direct material 0.6 Direct labor 1…

Q: How much should be his monthly withdrawals?

A: Given in the question: Principal amount deposited = P150,000 Interest Rate = 3% Interest is…

Q: Journalize the following transactions. a. January 2. Recorded approved operating budget: estimated…

A: A journal entry is the process of recording or maintaining track of any financial or non-financial…

Q: Vincent Corporation has 91,000 shares of $105 par common stock outstanding. On June 30, Vincent…

A: Introduction: A journal entry is a record of a business arrangement in the accounting system of a…

Q: There are 2 workers in one of companies, the company has determin e normal work hours by 8 hours in…

A: Here discuss about the details of wages payment and its calculation of overtime cost and others as…

Q: Landis Company uses a job-order costing system with a predetermined plantwide overhead rate based on…

A: Lets understand the basics. Cost that are not directly attributable to specific product are known as…

Q: Ashe Corporation has two manufacturing departments--Machining and Customizing. The company used the…

A: Introduction: Overhead is computed by dividing total indirect expenditures (also known as overhead)…

Q: Mawar is going to receive a perpetuity of RM8,500. Mawar is going to receive a 30 year annuity of…

A: In the context of the given question, we are required to compute the Mawar cash flow worth. In this…

Q: Sparkle Jewelry sells 600 units resulting in $75,000 of sales revenue, $32,000 of variable costs,…

A: Breakeven point is the number of units sold where the company has no profits/no losses made. It is…

Q: Journalize entries to record the following in Year 1 (refer to the Chart of Accounts for exact…

A: Investment in Bond's :—  These are the investment which gives a fixed rate of interest to their…

Q: XYZ Inc's comparative balance sheets are presented below.   XYZ Inc. Comparative Balance Sheets…

A: The cash flow statement is prepared to determine the cash position of the business and it also…

Q: The Harrison Bicycle Company had the following operating results for 2021-2022. In addition, the…

A: The value of equity is determined by deducting total liabilities from the total assets. The…

Q: Market value of your work wardrobe A L CI CO The outstanding A balance on your mortgage L CI CO Your…

A: Assets are the resources owned by an entity. These are held by an entity for using them in the day…

Q: Sales salaries Federal income tax withheld Office salaries Medical insurance withheld Social…

A: Payroll Calculation of payroll expenses which are treated as important part in the accounting in the…

Q: A company reports the following: Net income Preferred dividends Shares of common stock outstanding…

A: Earnings per share show the income earned by the company held in hands of each shareholder of the…

Q: 2. Prepare the current assets section of its December 31 year-end balance sheet. Current assets…

A: Current assets are assets which are short-term in nature. It can be easily liquidated.

Q: estion 15 The "matching principle" is used in the Income Statement to report dividends & deferred…

A: The accounting is based on various principles such as historical concept, matching principle, going…

Q: What was the most fundamental aspect of accounting?

A: The activity of maintaining track of a supplementary ledger is known as accounting. Accounting…

Q: The General Journal was not completed. Please fill out the missing answers for these dates: 1) S

A: General Journal is the book of prime entry where the transactions are first…

Q: Virgil Corp. has a selling price of $30 per unit, and variable costs of $20 per unit. When 12,000…

A: Cost volume profit analysis is the technique used by the management for decision-making. The methods…

Q: 1. What is the required rate of return on the initial P20M investment?   2. What is the rate of…

A: Formula used is as follows: Required rate of return = Rf + Beta * (Rm - Rf)

Q: Question 12 of 75. Quentin and Samira jointly own their home when Quentin defaults on credit card…

A: Ownership transfer refers to the title conveyance which involves the use of the property by…

Q: Prepare a cashflow forecast, Use investment appraisal techniques to calculate Net Present Value…

A: Net Present Value=(Present Value of Cash Inflows-Present Value of Cash Outflows)

Q: Financial Self-Interest Threa

A: A threat is a situation when an auditor depends upon the client for the huge fees and has a direct…

Q: Capital balances and profit-sharing percentages for the partnership of Manda, Emeril, and Fotenot on…

A: Partnership: Its an agreement between two or more partners for forming a a business and sharing the…

Q: Materials Stores’ is one of the service cost centres in a factory. What would be the most…

A: Re-apportionment of the overhead means to re-apportion the overheads of a service department to…

Q: A business issued a 120-day, 6% note for $9,000 to a creditor on account. The company uses a 360-day…

A: Notes payable is a negotiable instrument used for differing payments. In this one-party agree to pay…

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.