Define and explain the cost management information system's two major subsystems.
Q: months after the given mat
A: Given as,
Q: Individuals Julie and Brandon form JB Corporation. Julie transfers cash of $425,000 in exchange for…
A: Given information, FMV of stock received =$410,000 Note received = $15,000 Adjusted basis of…
Q: B. Which of the following will NOT affect a firm's beta? 1) the choice of the market portfolio…
A: Beta is the measure of volatility of systematic risk of the security or portfolio compared to the…
Q: 1. Citibank pays 9% ordinary simple interest on a 30-day time deposit. How much money will the…
A: Future Value: A present asset's future value, abbreviated as FV, is the value that asset is expected…
Q: 1. Tara transfers land with a $600,000 adjusted basis and a $700,000 FMV to a corporation in a Sec.…
A: The taxpayers are can transfer the property to the corporation in exchange for the corporation’s…
Q: The following information were made available for Futuristics Inc.: P 900,000 P 240,000 June 30 cash…
A: Ending cash balance is computed by taking into consideration beginning cash balance, cash inflows…
Q: Roeker Company provides information systems consultation services to large companies in the…
A: Formula: Bad debt expense = Credit sales x uncollectible percentage
Q: The following data are presented: Budgeted 50,000 Actual 55,000 P800,000 Production in units…
A: Predetermined overhead rate = Budgeted overhead / Budgeted units = P750,000 / 50,000 = P15…
Q: Given the above information, the projected ending cash balance for February will be
A: Cash budget is one of the budget which is being prepared in business. It shows expected cash…
Q: Problem no. 2 Ray Corp. declared a 5% stock dividend on its 10,000 issued and outstanding shares of…
A: 5% stock dividend on 10000 shares @P2 par value = 5% x 20000 = P1000
Q: ernal rate of return and the discount rate turn pany's discount rate or internal rate of return unt…
A: To find the correct option as,
Q: Gordon's Grocers purchases bread from Buddy’s Bread Company at $1.45 per loaf. Gordon's recently…
A: Formula: Net sales = Sales - discount where, Discount = Sales x discount rate
Q: 1 The owner, Mrs. Clean, invested the following: building 1,150,000 cash 120,000 Purchased washing…
A: Income statement shows the amount remaining (Net Income) after taking into consideration all the…
Q: Selected information from Bigg Company's financial statements follows: Fiscal Year Ended December…
A: Formulas: Gross profit margin = Gross profit / Net sales Operating margin = Operating income / Net…
Q: Mateo, sole proprietor reported the following changes during the year from his business: Increase…
A: Income for the Year = Increase in Total equity - Additional investment during the year + Drawings…
Q: What is the amount of income Inkjet Company would report from its investment in GIC for the year…
A: The answer for the multiple choice question and relevant working are presented hereunder : Inkjet…
Q: Determine the consolidated balances which Peris would present on their consolidated balance sheet…
A: Parent company is that company which holds majority of shareholders in other company, which is known…
Q: What is the subsequent measurement of foreign currency denominated monetary items Closing rate…
A: Monetary items are those which are in the form of money or can be measured in the form of currency.…
Q: What amount shall Tom Company recognize in profit or loss for the year 2020 if it designated the…
A: Fair value through profit and loss is the method through which a business records its investments…
Q: Direction: Study the given data below and compute for (1) the cash generated/used in financing…
A: Cash Flow Statement shows Inflow/Outflow of Cash on account of Operating, Investing, and Financing…
Q: 50,000 by November 30 and will have no other gross income. In addition, it will have no deductions…
A: The comparison of overall taxes as,
Q: 16. The following data relate to the White Division of Colgate Company: P 10,000,000 3.000.000 Sales…
A: Formulas: Return on investment percentage = Net Operating income / Average Invested Capital where,…
Q: estrict earnings available for dividends Statement II. The issuance of stock dividends increases…
A: Stock dividends are provided to the existing shareholders of the company by way of issuance on new…
Q: Shelton Tax Services is considering investing in new software for their corporate tax business. The…
A: Net present value is a method for determining whether to invest in a capital asset. It is used…
Q: Compute for the book value per ordinary share and per preference share under each of the following…
A: Preference shares: These are often referred to as popular stocks, company stocks with shares paid to…
Q: Imperial Jewelers manufactures and sells a gold bracelet for $407.00. The company’s accounting…
A: Introduction: Financial Advantage Associates provides a broad range of financial services. Its…
Q: Contributed capital: 5% preference share, P50 par, cumulative, 30,000 shares issued, dividends 5…
A: Retained Earnings: - The total amount that remains after the payment of dividends and taxes is known…
Q: The following information is the same as the previous question. A Company issued a bond payable with…
A: The additional paid in capital can be defined as the difference between the price paid by the…
Q: 19. Materials C is in stock due to the previous over-buying, and they have restricted use. No other…
A: Relevant Cost: The phrase "relevant cost" comes from the field of management accounting and refers…
Q: Example one The information below has been extracted from the recently published accounts of Gabby…
A: It is the analysis of a company's performance under different dimensions such as profitability,…
Q: . Prepare a cash flow statement using the below data
A: Cash flows statement is one of the financial statement which shows all cash inflows and all cash…
Q: Directions: Read and analyze the problem below then do the following requirements. Assuming, you…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: 1. Calculate the gross income for someone who works 38 h at $12.50/h.
A: Gross income of person means how much an individual is earning in particular period of time. If an…
Q: BCC has received a request from a school board for 200 computers. Using the full-cost criteria and…
A: Full cost method is the method in which the company takes into consideration full costs which are…
Q: For 2020, Sweet Inc. computed its annual postretirement expense as $234,100. Sweet’s contribution to…
A: Post-retirement benefit expense is the cost of pension recognized for the period. When determining…
Q: Nena invested real property in the year 2017 amounting to P 2,000,000. In 2018, the value of the…
A: Answer:- Income meaning:- Individuals and businesses get money, property, and other transfers of…
Q: Suppose a bank 's assets have an average duration of years, and its liabilities have an average…
A: Duration gap analysis basically analyse the sensitivity of the market value of the financial…
Q: Highland company provided the following information on December 31, 2018: Cash 2,000,000 Trade and…
A: Statement of Financial position includes: Assets accounts Liabilities accounts Equity accounts As…
Q: Bob transfers assets with a $100,000 FMV (basis $60,000) and $70,000 of business-related liabilities…
A: Section 351 deals with the transfer of asset or property to a corporation in exchange of stocks.…
Q: The following information were made available for Futuristics Inc.: June 30 cash balance…
A: The cash budget is prepared to record the cash receipts and cash payments made during the period.
Q: Mr B aged 63 years, has earned rupees 75,00,000 out of his business . His ex- wife gifted him cash…
A: The taxable income of taxpayers is the income liable to tax and it is the income used to determine…
Q: George operates a business that has $240,000 of business interest expense and adjusted taxable…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Please help with multiple choice questions.
A: Every Profession has its own code of conduct and standards of ethical conduct which each…
Q: Toothpaste is a necessary, frequently purchased consunmer product. In an average week a retailer…
A: Gross Margin is a financial measure that measures the financial health and working of an…
Q: The following transactions, adjusting entries and closing entries relate to bad debts. All of this…
A: Bad debt expense is recorded in the books in order to recognize loss arising from not receiving the…
Q: Determine the consolidated balances which Peris would present on their consolidated balance sheet…
A: There are two companies at the time of consolidation. These are parent company and subsidiary…
Q: 3) The following payroll information relates to Jones Company. Fica Rate 6.2% on the first $117,000…
A: Introduction After payroll register is prepared, entry for totals of each payroll period is made to…
Q: Foreign operations that are an integral part of the operations of the entity would have the same…
A: The question is related to The Effects of Changes in Foreign Exchange rates. The functional currency…
Q: ompany sold a machine with a cost of P500,000 and accumulated depreciation of P350,000 to Gee…
A: Notes receivables refer to the written form of promissory notes that provides the holder the…
Q: X and Y share income of their partnership in a 2:3 ratio. X and Y receive salaries of $18,000…
A: Partnership refers to the contractual agreement among the partners who carry out the business…
asap
Define and explain the cost management information system's two major subsystems.
Step by step
Solved in 2 steps
- Define and explain the two major subsystems of the cost management information system.Identify and discuss the factors that affect the focus and practice of cost management.Describe the concept of a cost center and, using a specific organization, give an example of how this might be used to achieve the strategic goals of the organization.
- Distinguish between the centralized and distributed approaches to organizing the IT function.List any four functions of management. Explain what type of cost management information is appropriate for each.Identify and Classify the following activities as per their respective categories under Value Chain Analysis: 1.Communication, pricing and channel management 2.Installation, repairs and replacement 3.Planning and management 4.Inputs in to final product