Advantages  of Social media and its effect on individual life as well as businesses

Q: A machine is to be purchased for P155,000 it has an estimated life of 8 years and a salvage value of…

A: Given information, Purchase price=P155,000 Salvage value =P6000 Therefore, Future value (F)=P155,000…

Q: transactions during the month of January 2021. January 4- It started the business with cash of OMR…

A: The journal keeps the record for day to day transactions of the business on regular basis.  The…

Q: For each of the transactions below, indicate the account to be debited or credited by placing the…

A: Solution: As per double entry system, every financial transactions affects atleast two accounts, one…

Q: January 1, 20x8,Parent Company purchased 8C res of Subsidiary Company for P800,000. On t sidiary…

A: A merger is a process in which a company acquires control over the other company. The controlling…

Q: Which of the following does define investment property? a. Property held to earn rentals b. Right…

A: Investment properties are defined as 'held not for consumption in the business operations but as…

Q: 2. On your mother's birthday, you bought her a new iPhone from Best Buy. Assume that you mad your…

A:

Q: what is the basics of banking and discuss the various type of deposits

A: A bank is a sort of financial entity that may accept deposits and lend money. Banks may provide…

Q: Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is…

A:

Q: insurance premiums this year). Flower had $5,000 of accumulated E&P at the beginning of the year.…

A: Capital gain refers to the sum value of profit earned by an entity by selling his/her asset in the…

Q: Determine the Total Assets as of December 31, 20x8.

A: Total assets are the assets which the company shows on its balance sheet on a particular date, which…

Q: affected the ordinary shares February 1issued 120, 000 shares March 1issued a 20% share dividend…

A: Basic earnings per share is the amount of earning attributable to per share. It is calculated by…

Q: how do you know materials per unit is 3 and not 2

A: Direct materials are the materials or inventory directly consumed in the production of the final…

Q: The assets and liabilities of Smith Company are as follows: Cash $28,650; Supplies, $840; Equipment,…

A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.…

Q: Company provided the following information on January 1, 2019: Vehicle cost 5,000,000 Useful life in…

A: Depreciation represents the reduction in the value of an asset over a useful life of the asset. It…

Q: Best Appliance Store offers a two-year warranty on all appliances sold. The company estimates that…

A: Formula: Sales revenue = Sales price per unit x Sales units.

Q: Pls answer number 10 with solutions On January 1, 20x1, SALIENT PROMINENT Co. issued 1,000, ₱4,000,…

A: A Bond is a  loan from investor  to borrower such as company or government.

Q: Wooden Grain Co. has organized a new division to manufacture and sell specially designed tables for…

A:

Q: find the sunk cost using the Sum of Years Digit Method.

A: Sunk costs are irrelevant, as they do not affect the future cash flows. Future costs, which cannot…

Q: 6. Assume that three identical units of merchandise are purchased during October, as follows: Units…

A: FIFO: FIFO stands for First-In, First-Out.  In this method inventory purchased first will be sold…

Q: Jones Company had net income of $10,000 for the year. Beginning total assets were $150,000 and…

A: The return on Assets is simply the return a firm earn from its assets. It is a profitability Ratio…

Q: On January 1, ABC Acquired 60 percent of the outstanding voting stock of XYZ for P301,500 cash…

A:

Q: The normal spoilage is 3 per cent of the units inspected. PLease answer from part (iv) onwards.…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: Auga Company Ltd Comparative Balance Sheet December 31, 2021 and 2020   2021 2020…

A: Cash flow statement The purpose of preparing the cash flow statement is to know the movement of the…

Q: An equipment is bought at P420,000 with an estimated salvage value of P50,000. Using the Declining…

A: Under Declining Balance Method, Rate of Depreciation = 1 - (Scrap Value / Cost)^(1 / Useful Life)

Q: Auga Company Ltd Income Statement Year Ended December 31,2021 Revenues and gains: Sales revenue…

A: Statement of Cash Flow - Statement of Cash Flow includes movement of cash for the financial year. It…

Q: The adjusted trial balance of Friendships Co. as of December 31, 20x1 is shown below: Debits Credits…

A: Solution Balance sheet is a summary statement of assets , liabilities and owners equity for a given…

Q: On January 1, ABC Acquired 60 percent of the outstanding voting stock of XYZ for P301,500 cash…

A: Consolidated expenses to be reported for the year:

Q: Service Revenue $10,000 Cash $12,000- Accounts Receivable $3,000 Office Supplies Rent Expense…

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: This question is based on the following information: Trinity Company bought a copying machine…

A: Accounting rate of return = Average annual profit / Average cost of investment where, Average cost…

Q: ABC Company acquired all of XYZ Corporation’s assets and liabilities on June 30, 20X1. XYZ reported…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Amazon purchased a piece of land for $5 million and plans to build a $25 million distribution…

A: The term depreciation refers to the method of calculation used to allocate the cost of a tangible or…

Q: At normal capacity of 10,000 units per month, C. Siw Company has the following costs: Direct…

A:

Q: How have the competitive, global, technological, andeconomic environments helped KlipTech to become…

A: The term "economic environment" refers to any external economic factors that influence consumer and…

Q: Unit inventoriable costs under absorption costing and variable costing. Calculate the volume…

A: Cost Per Unit- Under absorption costing Product Cost include fixed manufacturing cost  Under…

Q: During 2020, Leni Robredo entered in a non-cancellable commitment to purchase 320,000 units of…

A: Estimated liability expenses The purpose of providing the estimation in the liability expenses which…

Q: On January 1, ABC Acquired 60 percent of the outstanding voting stock of XYZ for P301,500 cash…

A: Assets: Assets are the company's financial resources from which they reimbursed all the company's…

Q: Answer the following questions for the directors: True or false, does the statement of cash flows…

A: Income statement means the statement which show the net profit or loss incurred for the period where…

Q: A 5-year project will require an investment of $100 million. This comprises of plant and machinery…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: An individual makes five annual deposits of P 2,000 in a savings account  that pays interest at a…

A: Annual deposit = 2,000 Interest Rate = 4% Period = 5 Years    After 5 year the interest rate is…

Q: Discuss the appropriate accounting treatment for the following intangible assets on 30 June2022. No…

A: Intangible assets the assets that cannot be seen touch or used in the normal operations unlike…

Q: Jones Company had net income of $10,000 for the year. Beginning total assets were $150,000 and…

A: Formula: Return on Assets = ( Net income / Average Total Assets ) x 100

Q: The Garnet Trading spent P1,440,000 in acquiring a patent on January 3, 2011. Due to the competitive…

A: Intangible Assets: Intangible assets are the resources of company having economic life of greater…

Q: When the auditor wants to test the asset for impairment, the auditor would most likely be concerned…

A: Impaired assets are assets whose market value is lower than the value recorded on the company's…

Q: Calculate overhead cost under: a. Traditional volume based costing system b. ABC system

A: Answer:

Q: Entity A is preparing its March 31, 20x1 bank reconciliation. The following information was…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: On January 1, ABC Acquired 60 percent of the outstanding voting stock of XYZ for P301,500 cash…

A: For determining the Net income or loss attributable to the NCI, we have to calculate the…

Q: Answer TRUE or False to the following statements/questions: A) Does the statement of cash flows…

A: The question is related to the Cash Flow Statement. Cash Flow Statement is summary of cash receipts…

Q: A factory company has compiled the following data for the last six months of 2009 to analyze utility…

A: The utility cost refers to the cost or the expense which is consumed in the reporting period or year…

Q: A project that has a positive net present value discounted at a rate of 15% would have an internal…

A: A project that has a positive net present value discounted at a rate of 15% would have an internal…

Q: ne: State whether each of the following statements is true or false and false statements: General…

A: The sharing of profit and loss in accordance with the profit and loss sharing ratio.it completely…