2018 2019            2020          2021 Revenue      net income       Revenue   Net income      Revenue   Net income     Revenue income Vodafone     61,786             3236            50,565         -9287            50,011            -1023         51,169         131 Verizon         130,863           15,528       131,868       19,265         128,292             17,801     133,613      22,065     find out horizontal, vertical and ratio analysis

Q: MainCo Company's accounting policies require the company to maintain a petty cash balance of $235. M...

A: Answer) The correct option is: Account Titles  Debit  Credit Office Supplies expense ...

Q: How long will it take for a CD to double, if money earns a simple interest rate of 4.8%? Round up ne...

A: Interest means the extra amount which we received because of investment made and will be paid in cas...

Q: On January 2, 2020, Guitar Company leased a warehouse to Violin Corporation under an operating lease...

A: As per IFRS 16, Lease incentive given by lessor is reduced by lessee while computing lease liability...

Q: Accounting Partners x, y, z capital balances: 150000, 250000, and 450000, respectively. p/l based on...

A: partnership such form of business where two or more person joints their hand in order to start a bus...

Q: Leonard is employed and received a gross salary of £3,452 per month during tax year 2021-22. He also...

A: For Class1 On income between £797 and £4,189 tax rate is 12% For Class2 rate of tax is £3.05 a week....

Q: Please help me answer this one! Read the given case study and answer the following questions.: In Ap...

A:  (Answer) 1. The suggestions in order to eliminate work-related tragedies are as follows: 1. Incorp...

Q: Norfolk Engineering uses the weighted-average method in its process costing system. This month, the ...

A:

Q: equirement 1. What is the variable utilities cost per machine hour? t's begin by determining the for...

A: To find out the fixed cost and variable cost from mixed cost, one of the methods used is a high-low ...

Q: Tom loves cooking and after attending culinary school, he decided to start his own eatery in downtow...

A: Journal Entry Date Particulars Amount Amount 1 Jan Cash 500,000          Loan Payable   150,0...

Q: An Individual nold the folowing annnta thin year. Sala price Cost Solling cont Painting. .$2,000 $ 3...

A: Answer Capital gain:- Profit realised on the sale of long-term asset that has increase in value dur...

Q: True or false 12) The brokers' motivation is measured in five levels: Great, Good, Regular, Bad, an...

A: The answer is shown below:

Q: 4. Statement 1: The newly formed partnership is still allowed to use any of the book of the sole pro...

A: Meaning of Partnership: A partnership is a formal arrangement by two or more parties to manage and o...

Q: A company's normal selling price for Its product is $30 per unit. However, due to market competition...

A: As per lower of cost or market concept, the inventory is reported at lower of cost or net realizable...

Q: Franklin Company deposits all cash receipts on the day they are received and makes all cash payments...

A: A bank reconciliation statement aligns an organization's bank account with its financial documents b...

Q: preferred shares, both payable on 30 October 20X5, to shareholders of record on 10 October 20X5. (Re...

A: Journal Entry The purpose of preparing the journal entry which kept the recording of the transaction...

Q: What total amount should be recognized in profit or loss of Sushi Inc. for the year ended December 3...

A: An event after the reporting period that provides further evidence of conditions that existed at the...

Q: [ CLO 3] In accounting analysis, the following is NOT among the criteria for recognizing assets. O R...

A: Recognition of assets and liabilities is essential to preparation and presentation of financial stat...

Q: The Vogelson Company accumulates the following cost and net realizable value data at December 31. In...

A: Inventories should be valued at cost or net realizable value whichever is lower. The cost or Net rea...

Q: Utilities 2,000 0.40 3,300 0.80 0.16 Rent 4,000 4,000 Maintenance 800 1,400 Supervisory salaries 1,0...

A: Solution Concept The cost classification on the basis of behavior                 -variable cost    ...

Q: An accountant for a corporation forgot to pay the firm’s income tax of $725,896.15 (uh-oh) on time. ...

A: Formula to calculate interest: =principal amount * interest rate*days/365days Total amount=Principal...

Q: Before the allocation of loss, the following items are allocated first, except: A. Salaries to manag...

A: "Since you have asked multiple questions, we will solve first question for you. If you want any spec...

Q: Cochran Corporation, Inc. has the following income statement (in millions): COCHRAN CORPORATION, INC...

A: Lets understand the basic. Net profit margin is a margin created on the sales. In other words it is ...

Q: Problem 4 Elegant Co. was organized on Jan. 1, 2022. On that date, it issued 1,000,000 shares of P1....

A: Working Note 1. Number of Shares to be remaining to be sold Total Authorised Capital- Number of s...

Q: These items are taken from the financial statements of Drew League II Corporation fo 2020. $33,000 R...

A: A balance sheet is a statement statement that shows the assets, liabilities, and shareholder equity ...

Q: Crimson Inc. recorded credit sales of $750,000, of which $600,000 is not yet due, $100,000 is past d...

A: Allowance for Doubtful Accounts - Allowance Account is a contra assets prepare to record provision m...

Q: The most recent financial statements for Crosby, Incorporated, follow. Sales for 2021 are projected ...

A: External Financing Needed (EFN)=Forecasted assets-Forecasted liabilities and equity

Q: The preclosing trial balance for the City of Hudson Golf Course Enterprise Fund is shown below. CITY...

A: Restricted net position represents by restricted assets less liabilities and deferred inflows of res...

Q: The given miscellaneous data has been collected for a manufacturing company for the year ended 12/31...

A: cost of goods manufactured: Cost of goods manufactured is a technique by which business managers and...

Q: Required: a- Prepare cost of goods manufactured statement b- Prepare income statement

A: Cost of Manufactured Goods = Beginning WIP + Direct Material Consumed + Direct Manufacturing Labor +...

Q: Z-Mart uses the perpetual inventory system and has its own credit card. Z-Mart charges a per-month i...

A: Journal is the primary book of entry which is used to record the transactions for preparing financia...

Q: tion. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 20...

A: Gross earnings is the income earned by an employee during the pay period which includes regular earn...

Q: The following data pertaining to the cash transactions and bank account of ABC Company for May 2022 ...

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

Q: Inventories Thor company included the following items in inventory: 1,960,000 280,000 Raw materials ...

A:     Raw Material 1,960,000 Advance for material ordered 0 Goods in Process 910,000 Unexpired...

Q: olve the problem. On the September 1 billing date. Martin had a balance due of $984.01 on his credit...

A: Companies charges the interest on credit card based on average daily balance during the month that i...

Q: 3) On January 1, 2013, Pendal Corporation purchased 25% of the outstanding common stock of Sedda Cor...

A: Computation of excess cost over book value acquired:   Amount Investment cost $100,000 Less:B...

Q: ibble Company has observed that at an activity level of 8,000 units the cost for maintenance is £15,...

A: As per the High low method we should calculate the variable cost per unit first, we can use the belo...

Q: The Sino-Fizer Company is concerned about the cash flow of the company. They consulted you to prepar...

A: Cash Budget is prepared to gain an understanding of how much cash inflow and outflow shall incur in ...

Q: Instruction Prepare a formal Statement of Cash Flows tor the year ended December 31, 2021, n thousan...

A: Net cash surplus (deficit)   5500 Cash, January 2021   1800 Ending cash balance   7300

Q: Valley Spa purchased $8,000 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 12% p...

A: Account receivables are considered negotiable instruments. It is classified in the balance sheet und...

Q: Substantive audit procedures Existence/Occurrence(E/O) Rights &obligations(R/O) Completeness(C) ...

A: Auditing of the financial position as well as the financial records of the organization are importan...

Q: Which of the following statements is correct?

A: Answer: Checks are those document that are issued to give or receive any amount. a.Outstanding che...

Q: Journalize the entries for these

A: Journal entries refers to the official book of a company which is used to record the day to day tran...

Q: The stockholders' equity section of BVA Corporation: Preference share capital, cumulative, 10,000 sh...

A: Dividend per share can be calculated by dividing preference dividend by a number of preference share...

Q: Alain company prepared draft financial statements that showed the income before tax for the year end...

A: The given situation relates to events occurring after the balance sheet date. As per this concept th...

Q: Required: Prepare a multi-step income statement/ Statement of Operation NET SALES Sales P800,000 Sal...

A: The income statement is the financial statement that shows the financial performance of the business...

Q: What is the AFTER-TAX MONTHLY INCOME for the SALES position?

A: Gross income is the income which an employee earns during the year or month and on which there has n...

Q: c. Prepare a schedule of cost of goods manufactured for August using actu d. Prepare an income state...

A: Income statement refers to the statement which is prepared by the company at the end of period in or...

Q: Cameron is single and has taxable income of $53,342. Determine his tax liability using the tax table...

A:              Particulars Amount$ Taxable Income 53,342 Upto $9,950 at 10% 995 $9,951-$40,525 a...

Q: Short-term funding can result to noncurrent payables. Group of answer choices True False

A: Financing refers to a process of funding business activities, for making purchases and investment of...

Q: Traders' bank account to settle its account. Africa Traders is not a registered VAT vendor. Which ac...

A: Firstly , in this question  we understand what is  the journal entry . The journal entry is an entry...