In the world of specialized industries, identify some specialized transactions in hotels. Provide brief explanation for each.

Q: What is the primary objective of horizontal analysis and its concept

A: Horizontal analysis is a financial statement analysis.  Horizontal analysis used to compare historic...

Q: Exercise 16-17 (Algo) Weighted average: Production cost report LO P2 Oslo Company produces large qua...

A: Equivalent unit express in terms of number of partially completed unit has smaller unit that is full...

Q: Required Compute the percentage of completion, gross profit and revenue to be recognised for each of...

A: AASB15 Revenue from contracts with customers is also applicable for construction contracts. The main...

Q: On August 1, 20x1, German Corp. acquired all the identifiable assets and assumed the liabilities of ...

A: As per IFRS 3 Acquisition-related costs incurred by the acquiring company to effect the business com...

Q: What are the reasons which cause investor managing their portfolios passively to make changes their ...

A: Answer: There are two types of investors: Active Passive Passive investors are those who invests i...

Q: Continental Tyre Corporation is capable of producing 30,000 units of tyres per month. Below is infor...

A: solution note As per the Q&A guideline we are required to answer the first question only . Pleas...

Q: Conrad Playground Supply underwent a restructuring in 2021. The company conducted a thorough interna...

A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...

Q: health insurance plan is also available. b.Long-term care premiums may not be deducted within specif...

A: In a nutshell, the self-employed health insurance deduction allows self-employed people to deduct 10...

Q: Mr. Lim ran for a government position during the country’s 2019 elections. He received campaign fund...

A: Answer: Campaign fund donations = Php 100 M Campaign related expenses = Php 75M Excess funds = Php 2...

Q: Consider the unadjusted trial balance of Riverdale Company at June 30, 2016, and the related month-e...

A: Note : Since you have posted a question with multiples sub-parts , we will do the first three sub-pa...

Q: I keep working this problem over and over and been working on it but cant seem to get it right    ...

A: Effective price for components generally refers to average purchase price per carton, although here ...

Q: Ly engage in discussi e11 strategy is employed rming groun technique

A: Decision making refers to the procedure of making the choices through assessing, identifying the dec...

Q: Actual Year Projected Year 2022 2021 Revenues - high school students 88,200 110,300 Revenues - adult...

A: Answer ; Income Statement Particulars 2021 Projected 2022 Revenue High School Students 88200 11...

Q: Jeremy earned $101,900 in salary and $7,900 in interest income during the year. Jeremy’s employer wi...

A:                            In USA as per IRS rules head of household status allows parents or adults...

Q: A Blue Ocean Co. has the following balance sheet: Cash                                             ...

A:  Projected Sales in Year 1 = Current Sales + Increase in sales 

Q: SOUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of Wir...

A: Perpetual Inventory System – Under Perpetual inventory system on every sales transaction cost of goo...

Q: Walsh & Coggins, a professional accounting firm, collects cost information about the services they p...

A: Cost Data It is important to collect required cost information which are pertained with the business...

Q: Lals used $ 8,500 $20,900 es or anager's salary sts $10,500 $ 1,870 $ 6,070 $ 9,230 $ 4,650 l manufa...

A: Manufacturing overhead   are the indirect  cost  incurred during production and  are not directly re...

Q: One reason that an cntity is allowed to change its accounting policy is when It is required by an a...

A: Accounting Policies-  Accounting principles are the ethics that are to be followed by an accountant ...

Q: FDN Company reported Accounts Receivable of P10,000,000 on December 31, 2021. Allowance for Doubtful...

A: Total estimated uncollectible accounts = Accounts receivable x Percent uncollectible Allowance for d...

Q: During 2019 , Lina Co. incurred the following costs: Testing in search for process alternatives $ 40...

A: Step 2 in solution.

Q: Norman Company produced 1,000 units of a product which was sold at a price of P95.00 each. Total sel...

A: Conversion costs are costs related with direct labour and manufacturing overhead of the business. Co...

Q: lank) Saved Search (Alt+Q) Shaw Slide Show Record Review View Help Treasury Stock Practice Exercises...

A: Treasury stock of corporate stock that already sold to investors and company has bought back.

Q: Net Carrying Amount of machineries are part of the net operating working capital     True False

A: Solution Note Dear student as per the Q&A guideline we are required to answer the first question...

Q: For each of the summarized transactions for the Village of Sycamore General Fund, prepare the genera...

A: SOLUTION A JOURNAL IS AN COMPANY'S OFFICIAL BOOK IN WHICH ALL BUSINESS TRANSACTIONS ARE RECORDED IN ...

Q: Management at C. Pier Press has decided to allocate costs of the paper’s two support departments (ad...

A: Cost allocation is a process of allocating overhead cost of service department to the operating depa...

Q: per bond, at 105. Eá An entity issued 5,000 10-year bonds, face amount pond is accompanied by one wa...

A: Solution Given Issue price 105 Coupon rate on bond 10% Market rate of similar bond w...

Q: The unadjusted Trial Balance Columns of a worksheet total $85,500. The Adjustments columns contain e...

A: Introduction:- Unadjusted trial balance contains list of all the general ledger balances before maki...

Q: Awesome Bank granted a loan to a borrower, on January 1, 2021. The interest rate on the loan is 10% ...

A: Loans Receivable It is important to keep the track on the loan receivable which is one of the revenu...

Q: How much is the net profit of the joint arrangement? D253 500

A: Net profit is the profit which a company earns after all the expenses and cost of goods sold has bee...

Q: iness. For example, Coca‐Cola has announced that it wants to buy China Huiyuan Juice Gr

A: The details are discussed as follows 

Q: ithdrew $20,800 from the business during the current year. The owner's capital account before closin...

A: Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $192,000, expenses of $107,200...

Q: What is the incremental cost incurred if the company increases production and sales from 12,500 to 1...

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

Q: Kingbird Inc. issued $2,100,000 of convertible 10-year bonds on july 1,2020. The bonds provide for 1...

A: a. % of bond converted = $210,000/$2,100,000 = .10 or 10% Period of Amortization = 10 x 12 = 120 mon...

Q: The following are selected budgeted data for Green Company for the coming year: Budgeted sales ₱60...

A: Margin of safety: Margin of safety is the point  after which profit will be happen in multiple of co...

Q: Diane’s Designs is a small business run out of its owner’s house. For the past 6 months, the company...

A: Variance analysis is one of the technique of management accounting, under which actual data is compa...

Q: If a pension plan is both contributory and qualified, it is

A: First let us understand the key terms in the question. Pension plan- A Pension plan is an accumulate...

Q: Bramble Corp. reported the following in its 2022 and 2021 income statements.

A: Gross Profit It is the profit that business makes after deduction of direct expenses related to prod...

Q: The computation of total asset requirement is similar with judgmental approach' true or false Net ...

A: The answers for true or false questions and relevant explanation are presented hereunder : What is j...

Q: F. Mercury, Capital account has a credit balance of $23,8000 before closing entries are made. If tot...

A: Solution: net income for the period closed to capital account = Revenues - expenses = 75200 - 55000 ...

Q: The town council of Riverside estimated revenues for 2020 to be $685,000 from property taxes and $16...

A: Budget: A budget is an expectation of income and costs for a defined future period of time that is o...

Q: her new house. She can repay the loan in either of the two ways described below. (a) Five equal ann...

A: Inputs Borrowing Amount or Loan Amount = 5000

Q: Ising the dropdown buttons, select the Item that accurately describes the values that either etained...

A: Retained earnings refers to the amount which is left from the profit of company after paying all the...

Q: Butrico Manufacturing Corporation uses a standard cost system, records materials price variances whe...

A: Answer -  Direct Materials Price Variance -  Direct material price variance is the difference betwee...

Q: Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $186,000, expenses of $104,200...

A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...

Q: Adamson Corporation is considering four average-risk projects with the following costs and rates of ...

A: The question is based on the concept of Financial Management.

Q: The following are selected budgeted data for Green Company for the coming year: Budgeted sales ₱60...

A: Breakeven point is point at which no profit no loss, means total cost is equal to total revenue. For...

Q: g. An increase in the Deferred Tax Liability account on the statement of financial position is recor...

A: Solution Note Dear student as per the Q&A guideline we are required to answer the first question...

Q: 4. Under the allowance method, the entries at the time of collection of an account previously writte...

A: SOLUTION NET INCOME = TOTAL REVENUE - TOTAL EXPENSES.

Q: Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are sm...

A: The overhead cost is allocated to the production on the basis of predetermined overhead rate.