QUESTION 5 Please use excel

Q: 2) If the contribution margin ratio for France Company is 39%, sales were $424,000, and fixed costs…

A: Since you have posted two different questions and the first question is not complete as what is…

Q: Guess Clothing Store sells jeans.  During January 2022, its inventory records for one brand of…

A: A periodic inventory system, also known as the periodic inventory technique, seems to be an…

Q: Inrecent years, Marigold Company has purchased three machines. Because of frequent employee turnover…

A: Business organizations are required to charge the depreciation expense so as to fairly present the…

Q: How much is the taxable compensation income?

A: Tax or Taxes : It the amount paid by the consumers (Individual or business entities) to the…

Q: Dividends $20,000 Long-term capital gain 15,000 Trustee’s fees 1,500 Distribution to…

A: Taxable income refers to the gross income portion which is used for determining how much amount of…

Q: Which of the following bank reconciliation adjustments would result in an increase to the company's…

A: Bank reconciliation is used for reconciling the balance in the banks books with that of the balance…

Q: On January 1, 20x1, ABC signed a 3-year, non-cancellable purchase contract which allows ABC to…

A: The entity must accrue a gain in the current year on goods subject to a firm purchase commitment if…

Q: Problem no. 1 ABC Corporation has the following transactions throughout the year of 2020: Jan ABC…

A:

Q: Given the income statement below, Mega Trade Inc. wants to find the resulting net income for the…

A: Income statement: It implies to one of the financial statement's of the company that shows the…

Q: Liberty Celebrations, Inc. manufactures a line of flags. The annual demand for its flag display is…

A: Economic order quantity (EOQ) is a computation that businesses use to determine their ideal order…

Q: An increase in interest income recognized for the period on a lease agreement will have the effect…

A: The amount of interest received during a certain time period is referred to as interest income. It…

Q: Nutsy's Organic Peanut Butter Inc. has beginning inventory in their peanut crushing department of…

A: Total cost for the period = cost of beginning inventory  -+ Direct material + Conversion cost

Q: Which statement is NOT true about the structure of the Earned Income Tax Credit (EITC)? A. EITC…

A: Answer:-  Earned Income Tax Credit (EITC) meaning:- The Earned Tax Credit (EITC), is a kind of tax…

Q: Calculate the missing values for each unique company. (Enter your ROI and Profit Margin percentage…

A: ROI = Profit margin * investment turnover Profit margin = ROI / investment t urnover Investment…

Q: XYZ Corp. declared P1,800,000 cash dividends to its preference and ordinary shareholders in 2020. No…

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

Q: hasing dling materials nine setups ections ies $70,000 33,333 70,500 25,500 45,000 re considering…

A: The overhead rate is a cost associated with the production of a product or service. Overhead costs…

Q: A die-cutting machine was purchased three years ago for $450,000. The useful life of the equipment…

A: Calculation of after tax cash inflow on sale of old machine: Cost of old machine…

Q: 3 Trial Balance D. Pteño Laundry Shop Tha Balance March 31,20A Debit Credit Acceunt Tittle Acc No…

A: Post closing trial balance is prepared after adjusting closing entries from the trial balance.

Q: Crane Company sells one product. Presented below is information for January for Crane Company.…

A: Using periodic system, the cost of goods sold is not recorded regularly. It is estimated and…

Q: On January 1, Bramble Corp. issued 10 year, S6,000,000, 9% bonds for $6,842,830. The market rate of…

A: Introduction: An amortizing loan is one with monthly payments that go toward the principle. Payment…

Q: Buenos Company has two divisions, Division X and Division Y. Division X has a production capacity of…

A: Given: - production capacity= 6,000 units division X sells= 4,600 units contribution margin= $36…

Q: Shangrila bought shares of Crossing, Inc. in two batches as follows: June 10, 2019 December 5, 2019…

A: First, we must compute the carrying amount of the crossing shares at December 31, 2020.

Q: On January 1, 2021, Gee Company sold a machine with a cost of P500,000 and accumulated depreciation…

A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: Please help me to solve this probl

A: In this question we have to make the bank reconciliation statement and the updated cash book.

Q: Hological me valely me radiological services involve only two operating departments (Daily Patient…

A:

Q: The ledger of Mai Company includes the following accounts with normal balances as of December 31:…

A: Closing Journal Entry: Closing journal entries are passed at the end of the accounting period. In…

Q: Sales (20,000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45 900,000 Contribution…

A: MARGIN OF SAFETY :  = (CURRENT SALES - BREAKEVEN POINT) / CURRENT SALES  BREAK EVEN POINT :  = FIXED…

Q: Journalize the following merchandise transactions, using the net method under a perpetual inventory…

A: Journal entries are the basic method for recording financial transactions in the books of accounts.…

Q: Explain the phrase, “Management’s stewardship”

A: A group of study of the American Institute of Certified Public Accountant issues a report containing…

Q: Inn Corporation had 30,000 ordinary shares of NPA Company which it acquired during Year 2 for a…

A: Answer -    Working Note : December 31, Year 2 ledger balance (30,000 shares x 65)…

Q: Howard has an ROI of 26% based on revenues of $408,000. The investment turnover is 2. What is the…

A: Residual Income: When used in a business context, the term "residual income" refers to the amount of…

Q: Harmeling Paint Ball (HPB) Corporation needs a new air compressor that costs $80,000. HPB will need…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Assume  you have secured a loan of $10,000 from a bank  which will be paid in one year. The bank has…

A: Month Instalment Interest Paid = Opening Balance  x 0.31% Principal Opening Balance Closing Balance…

Q: exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of…

A: Direct material price variance = (Standard Price - Actual price) x Actual Quantity  = (Standard…

Q: Cortland Corp is considering the purchase of a new piece of equipment. The cost savings from the…

A: annual net income = annual increase in net cash flows  - Depreciation If no specific method is given…

Q: Cullumber Company acquires a delivery truck at a cost of $42,000. The truck is expected to have a…

A: Depreciation is the allocation of cost of asset over the useful life of the asset. Several methods…

Q: Using the information provided below, what is the share premium balance on December 31, 2021? The…

A: Share premium is the difference between the total amount of money received for the shares issued and…

Q: isces, Leo and Germini share profits in the ration of 5:3:2, ust prior to partnership liquidation…

A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be…

Q: ANNUITY D

A: All sorts of future cash flows in respect of adding interest on present value are known as future…

Q: The board of directors of Blossom Corporation is considering two plans for financing the purchase of…

A: Bonds are trade-able assets that are issued by the companies. It provides a fixed interest rate to…

Q: EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner…

A: Sales quantity variance : It is the difference between standard quantity to be sold and actual…

Q: s made 500 units at RO

A: LIFO(Last In First Out) Method Assume that units that are purchased last are used first. Cost of…

Q: Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2…

A: Solution:- 1)Calculation of return on assets as follows under:- Return on total assets ratio…

Q: 11.37 Black Corporation has a machine that cost $12,000 and has accumulated depreciation of $4,000.…

A:

Q: Plasma Storage Devices buys $10,000 of equity securities, which it classifies as available-for-sale.…

A: The related entries for the purchase and sale of Equity Securities are shown hereunder : Plasma…

Q: ordinary shares of Apple Corp., which represent a 25% investment in the net assets of Apple. IBM has…

A: Investments is one of the important assets of the business. This can be investment in shares or…

Q: 2. How many regular hours will someone need to work to earn $250 at $12.50/h?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Problem no. 1 ABC Corporation has the following transactions throughout the year of 2020: Jan ABC…

A: The amount received or fair value of asset (tangible or intagible) above the face value of issued…

Q: Which of the following is false? Multiple Cholce Overhead costing accuracy is Improved by the use of…

A: The departmental overhead method does not assign overhead on the basis of volume related measures.…

Q: Production engineers of a manufacturing firm have proposed a new equipment to increase productivity…

A: Annual revenue = 200,000 Salvage value = 100,000 Initial cost = 500,000 Rate of return = 15% Time…