What is commercial risk?
Q: Prepare the necessary journals for the given transactions 1. Cash paid to Sara BD 600 2. Sold Furnit...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: Factory overhead for the period amounted to P1,200,000. Normal production of the finished goods is 5...
A: Overheads are the estimated cost which are not directly related with production. In simple, it is ag...
Q: Using the financial statements and additional information below, prepare a cash flow statement for P...
A: The cash flow statement shows the cash inflow and cash outflow from the operating activities, financ...
Q: As a micro-enterprise, which sets of financing are the most likely to be used? * A. Banks and ventur...
A: 'Micro-enterprise' is a term that is used to refer to a small business which employ less than 9 peop...
Q: On January 2, year 1, ABC Company purchased 75% of XYZ's outstanding common stock. On that date, the...
A: a) In its December 31, year 1 consolidated statement of retained earnings, what amount should ABC re...
Q: Appliance Apps has the following costs associated with its production and sale of devices that allow...
A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...
Q: On January 1, 2021, Shadow Industries (lessor) leased equipment to Bone Co. (lessee) for a 5-year pe...
A: The right of use asset is measured at the present value of annual lease payments.
Q: a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. D...
A: Every manufacturing unit has some estimated standard costs for the production based on the past reco...
Q: Sandhill Corporation uses straight-line depreciation, prepares adjusting entries annually, and has a...
A: Fixed assets are those assets which are held by the business for longer period of time. These faces ...
Q: On January 1, 2022, ABC Company signed a 5-year non-cancelable lease for a building. This is also th...
A: Discounting all lease payments, guaranteed residual value and estimated restoration cost: Year An...
Q: b. Suppose that Jack also reported income of $8,800 from a half share of profits from a partnership....
A: AGI is an acronym and stands for the adjusted gross income of the taxpayer which is computed when ce...
Q: Hyrule Motors, a motorcycle repairs and maintenan January 1. The owner, Link, invested P1,000,000 ca...
A: In this question we have to calculate cash flow it helps in determining the inflow and outflow of ca...
Q: Loan $ 26,000 Down Payment $ 5,000 Time 36 months Rate 11 % Monthly Payments?
A: Solution: Loan amount = $26,000 Time = 36 months Annual rate of interest = 11%
Q: Given the following entries of the inventories, solect the correct answer among the alternatives pro...
A: The inventory can be valued using various methods as FIFO, LIFO and weighted average method.
Q: Cerise Company would record a note payable of_____, if the terms of the loan with a bank are as foll...
A: Present value (PV) of an future amount is equal amount of such at present, discounted at a particula...
Q: Which statement is true about share option? If previous experience indicates that share options sh...
A: Introduction: The IFRS 2 share-based payment directs an organization to recognize share-based paymen...
Q: P17.1 (LO 1) (Debt Investments) Presented below is an amortization schedule related to Spangler Comp...
A: Corporate Bonds- Corporate bonds are investment bonds that corporations issue to raise capital funds...
Q: 1.A method of estimating property value by discounting on expected future cash flows to a present va...
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new q...
Q: The following information on actual and projected costs and revenues is available for Carson Enterpr...
A: Budgets are made to forecast the expenses and revenue. They also forecast the cash position (deficit...
Q: nstructions (a) Compute the direct labour rate and efficiency variances. (b) Compute the dire...
A: Actual.Qty 23875 Standard Qty Per Unit Standard Rate Unit Material 0.15 $ ...
Q: ABC Company had purchased a $7,500, 24-month insurance policy for a vehicle on November 1 with the c...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: E17.1 (LO 1, 2) (Investment Classifications) For the following investments, identify whether they ar...
A: Since we answer up to 3 sub-parts, we'll answer the first 3. Please resubmit the question and specif...
Q: please help NO EXCEL
A:
Q: s money hc holdingr
A: She will withdraw 4 x 100 = $ 400
Q: Departmental reports that contain many detailed figures and facts are best conveyed Overbally, becau...
A: Departmental reports refer to detailed description of a department’s activities for a stipulated per...
Q: A father wants to set aside money for his 5-year old son's future college education. Money can be de...
A: Present Value annuity- The present value of an annuity is the present worth of future outflow from a...
Q: Palladium Inc. produces a variety of household cleaning products. Palladium's controller has develop...
A: Overhead Budget has been developed to anticipate and show all estimated expenses associated with the...
Q: Determine the principal remaining after 38 monthly payments have been made for a 5-year loan of P40,...
A: The monthly payments of the loan carry the payment of principal and payment of interest on loan and ...
Q: Highlander Company uses 10,000 units of a part in its production process. The costs to rt are: DM pe...
A: If the cost of making part is greater than purchase price of supplier, it better to buy such part fr...
Q: A. Calculate the contribution margin per unit for their Model 101. B. Calculate the contribution ma...
A: 1. Contribution margin per unit = Selling price per unit - Variable cost per unit = $850 - $400 = $4...
Q: b. Debt-to-equity ratio.
A: Times interest earn ratio also known as Interest Coverage ratio.
Q: Mort is the owner of an apartment building containing ten identical apartments. Mort resides in one ...
A: Net income (NI), also known as net profits, is computed by subtracting sales from cost of products s...
Q: ampierre makes brass and gold frames. The company computed this information to decide whether to swi...
A: In this question, we have to calculate allocation per unit using traditional method.
Q: 1 On December 31, 2021, what total amount should be reported as current iabilities? 14% Notes payabl...
A: Current liability is an obligation that is payable within one year.
Q: Barbara's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information r...
A: Moving average cost can be calculated by cost of goods available for sale divided by units of invent...
Q: Calculating Cash Flow From Assets by = Operating Cash Flow (OCF) – Net Capital Spending (NCS) - Chan...
A: Calculating Cash Flow From Assets by= Operating Cash Flow (OCF) – Net Capital Spending (NCS) - Chang...
Q: What is the compensation expense for 2020?
A: Solution:- Given, ABC Company granted the president compensatory share to buy shares on January 1, 2...
Q: Use this problem for the next two questions: On January 1, year 1, ABC Corporation purchased 80% of ...
A: As per IFRS 3 business combination, goodwill shall be recognized.
Q: 3. Which of the following is true in regards to the reassessment of the lease term? A. If the lessee...
A: Lease term is the time period agreed by the lessee and the lessor for which the asset shall be allow...
Q: The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows...
A: Cash flow statement is the once which is prepared to report the changes in cash of an entity over a ...
Q: Jokers Company reported the following: How much of the net operating loss from 2019 cannot be be u...
A: NOLCO stands for Net Operating Loss Carry-over. Net operating Loss for taxation purposes is that amo...
Q: s totaling P500,000 on account. lies amounting 50,000 cash. amounting to P800,000, on account. amoun...
A: Hyrule Motors is a motorcycle repairs and maintenance services provider. Some transactions for the m...
Q: for the business are as follows: a. Invested P100,000 in cash to start her own business. b. Paid P5,...
A: The journal entries are prepared to keep the record of day to day transactions of the business. The ...
Q: Compute the following: 1. Materials Price Variance 2. Materials Quantity Variance 3. Labor Rate V...
A: 1. Variances are calculated at actual output level. 2. As per guidelines, only 3 parts are solved ...
Q: COMPARITIVE INCOME STATEMENT for years ended 31 December 2019 2020 Revenues and gains *Sales revenue...
A: Functions in excel are of great importance as it minimizes the required efforts which are to be put ...
Q: 1. The data below pertains to the earnings of Peter Castro for the week ended June 30,2020. Hours an...
A: Solution Gross earning is an individual's Total earnings before taxation or other deductions.
Q: The cost of retained earnings is less than the cost of ordinary shares because of *
A: Issuance cost: This is incremental cost directly associated with issue of ordinary shares. This cost...
Q: Garrulous Company insured the life of the president for P2,000,000, the entity being the beneficiary...
A: Solution A journal is a company's official book in which all business transaction are recorded in ch...
Q: Task 1 The following trial balance was extracted from the books of Zen Ltd. for the year ended 31/12...
A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...
Q: The business owner uses personal funds to purchase common stock in his company, what is the journal ...
A: Lets understand the basics. Journal entry is required to make to record event or transaction occur d...
What is commercial risk?
Step by step
Solved in 2 steps