When you reward the talents of society values, does it govern social and economic inequalities

Q: create a sources and use of funds statement with the following information Startup cost: $900…

A: The fund flow statement helps to track the change in the financial position that is the reason for…

Q: f i 5.8% per semiannual, compounded monthly, What is the nominal quarter rat

A: solution concept semi annual rate means the rate that is quoted for 6 months in compound interest…

Q: On January 1, 2022, AA Company received a 5%, P10,000,000, note collectible in installment plus…

A: Given, Value of note= P10,000,000 Rate of interest= 5%

Q: salvage value. The Company uses straight-line depreciation. At December 31, 2021 and December 31,…

A: Concept of Impairment of assets

Q: For what decisions is the manager of a cost center not responsible?

A: The answer for the question on cost centre has been discussed hereunder : There are different…

Q: er, Inc., a manufacturer of kayak ranches: Sand and Clay. Each lling costs. performance evaulation…

A: The answer is stated below:

Q: Alfredo Incorporated reports net income of $233,000 for the year ended December 31. It also reports…

A: Indirect Method of Cash Flow Statement is the method that reconciles the net profit with the cash…

Q: Beech has budgeted fixed overhead of $402,500 based on budgeted production of 17,500 units. During…

A: Budgeted Fixed overhead rate is calculated in the beginning of the period (i.e., a year). Such…

Q: Book credit error of current month corrected in the same month shall be: Group of answer choices…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: ercise this option. Lorries have a useful economic 1 ars. Fase payments are $10,000 per year for the…

A: Lease Accounting

Q: X Corp produces single product. Income under variable costing and absorption costing are 36,400 and…

A: Given,  Income under variable costing= $36,400 Income under absorption costing= $25,600 Product cost…

Q: ules of Debit and Credit Directions: Indicate whether each account identified is to be debited…

A: Accounting equation of the business says that all assets of the business must be equal to total…

Q: Match the following form (transaction type) with the appropriate transaction description: Рayment…

A: Transactions: A business transaction is a financial transaction that takes place between two or more…

Q: On 30 June 2019 Southside plc purchased 5,000 shares in ABC plc at £10.00 per share. On acquisition,…

A: The securities that are classified as securities available for sale are to be recorded in the books…

Q: Show solution:  Selling price Cost Mark-up %markup rate cost (%MUR Cost) %markup rate selling price…

A: Selling price   Cost   Mark-up   %markup rate cost (%MUR Cost)   %markup rate selling price (%MUR…

Q: Using the following information, prepare the Stockholders’ equity section of the balance sheet.…

A: The stockholder’s equity section is prepared to record the amounts that relate to shareholders only.…

Q: The income statement of Collins Co. reported total sales revenue of $460,000 during the current…

A: Cash inflows from customers during the current year  = opening accounts receivable  + credit sales…

Q: STATEMENT OF CASH FLOWS   An entity provided the following increases (decreases) in the statement…

A: Net cash provided by/used in business activities means the difference between cash received from and…

Q: Define the following using your own words and give examples Account T-account To debit

A: As per the guidelines, only three subparts are allowed to be solved. Please resubmit the remaining…

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A: The warranty Expenses are estimated on the basis of past year experiences.

Q: It is not often that SARS offers tax relief but when it is presented as an option it should be used…

A: Income Tax- The federal, state and local governments levy taxes on the gross income of individuals…

Q: ts accounts receivable, marketing principles such as the five C’s of Credit are employed. For…

A: The five C's of credit reflects the credit rating norms used by financial institutions to check the…

Q: The following information has been gathered for a company wanting to adopt the EOQ method: Annual…

A: EOQ=2×Annual Demand×Ordering cost per purchase orderAnnual unit carrying cost

Q: 16 On December 31, 2019, Blackpink Incorporated purchase a trademark. Data pertinent to the…

A: Intangible Assets: An intangible asset is an identifiable non-monetary asset without physical…

Q: How much is the gain on debt restructuring?

A: Given data,   Old liability: Principal=P9,000,000 Accrued Interest=P810,000 Interest Rate: 9%   New…

Q: Mountain Technical manufactures mountaineering tents. It has fixed costs of $8,280,000. Mountain…

A: First we need to find sales mix ratio = 48000 units : 72000 units : 40000 units Total = 48000 +…

Q: Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It…

A: Given information, Sales in the first quarter =$600,000 Selling price per pizza =$6 It expects to…

Q: Mar Company has two decentralized divisions, X and Y. Division X has always purchased certain units…

A: Transfer price means the price charged by one department from another department for the goods or…

Q: 20. Goodwill (income) to be recorded by West Corp. 21. Total assets on the consolidated balance…

A: As per our protocol we provide solution to the one question only and you have asked multiple…

Q: Abu Industries developed the following information for the product it sells: Sales price Variable…

A: solution CVP analysis means cost volume profit analysis In CVP analysis the analyst analyses the…

Q: When treasury shares are purchased for more than the par value of the shares and the cost method is…

A: The treasury stock includes the own shares of the company purchased from the shareholders.  This…

Q: Statement 1; The balance of allowance for uncollectible account as of December 31, 2021 is P34,000.…

A:

Q: Question 21 A firm has accounts receivables of R352 476, sales just ended of R3 050 291. What is the…

A: Basic Accounting equation is:   Assets  = Equity  + Liabilities

Q: 210,000   Bonds payable   200,000 Prepaid expenses

A: Net income is the total amount of money earned by an individual or company in a certain time period…

Q: In the 2021 financial statements, what is the pretax adjustment to retained earnings on January 1,…

A: Solution Concept The overstatement of cost of goods sold means the expenses that has been charged is…

Q: Changes in Accounting Principles   On January 1, year 1, Brenda Company purchased for P2,400,000 a…

A: Double Declining Method of Depreciation: Double Declining Balance Method is one of the accelerated…

Q: On December 2, 2022, Pancit Manufacturing Company purchased goods with a cash price of P1,600,000.…

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Q: The aligning of goals between a corporation’s strategy and a manager’s personal goals is known as…

A: Introduction:- Goal congruence denotes same goals are shared by top managers and their subordinates.…

Q: Teacher Inc. will issue share of P25-par ordinary share for the net assets of Student Co. Teacher…

A: Company means the form of business where management is separately from owner and have perpetual…

Q: The Carters paid private school tuition for their son Michael. This cost is eligible for the…

A: American Opportunity Tax Credit is one of the deduction available in United States of America which…

Q: Organic Food Company's Cash account shows a $7,500 debit balance and its bank statement shows $6,560…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: As a manager you are presented with a $10,000 investment opportunity that will yield $1,600 in…

A: Lets understand the basics. Residual income is a income earned over minimum rate of return.…

Q: On January 2, 2021, Tripod Company receives a government loan of P2,000,000 paying a coupon interest…

A: As per standard accounting practices a revenue is recognized when it is earned and…

Q: During 2021, a company sells 374 units of inventory for $94 each. The company has the following…

A: Under LIFO Method, cost of goods sold and value of ending inventory is calculated on the assumption…

Q: What the webinar is all about, its main objectives, topics, general ideas etc.

A: A webinar (a combination of the words "web" and "seminar") is a video seminar, tutorial, or…

Q: Mr. Del Valle went to the Ace Hardware store, ordered 250 bags of cement worth P 55,000 on credit. A…

A: The financial responsibility for a loss may be borne by the seller of goods or the terms of sale of…

Q: Net income computed under GAAP for external reporting purposes is 100 (No of units sold is 40…

A: Direct costing which is also called as Variable Costing , is  a…

Q: Required information Exercise 11-31 (Algo) Impairment; goodwill [LO11-8] [The following information…

A: Impairment loss is the loss incurred due to decrease in the asset's fair market value below its…

Q: If Division C has a 10% return on sales, income of $10,000, and an investment turnover of 4 times,…

A: Sales = $10,000 / 10% = $100,000 Investment = $100,000 / 4 = $25,000

Q: For life insurance policies, some of the premium pays for the cost of the insurance, and the…

A: The annual percentage yield (APY) is the real rate of return earned on an investment, taking into…