29 2288 30 30 M. Smith £118. paid the following by cheque: F. Hood Received cheques from: R. Pleat £158; L. Fish ₤370. Received a further loan from B. Barclay by cash £500. Received £614 cash from A. Tom.
Q: What is the value of erosion?
A: Approach to solving the question:To calculate the value of erosion, we need to determine how much…
Q: Accounting NPBT
A: Step 1:- Define Profit MarginThe income statement for a firm shows the costs incurred, sales made,…
Q: Sunland's Staff has the following inventory information. July 1 Beginning Inventory 26 units at $88…
A: Explanation: As per First In, First Out (FIFO) method of inventory, the goods that are…
Q: Need help
A: Step 1:- Define Manufacturing Overhead CostAny expense in manufacturing that isn't directly…
Q: Provide answer the accounting question
A: Step 1: Define Net SalesThe total amount received by the company after selling goods or services is…
Q: NPM
A: Explanation of Net Profit Margin: Net profit margin is a financial ratio that shows the percentage…
Q: Solve this accounting question problem
A: Step 1: Define Fixed AssetsFixed assets are those assets that benefit a company for years together.…
Q: Answer
A: Explanation: Current ratio is a financial metric that is used to estimate the liquidity available to…
Q: Monty Corporation had January 1 and December 31 balances as follows: 1/1/23 12/31/23 Inventory…
A: Step 1:Cash paid to suppliers means when the goods are purchased on credit the suppliers will…
Q: Hello tutor provide solution for this accounting question
A: Step 1: Define Cash FlowsThe cash flows of a firm can be categorized into three types - operating…
Q: Accounting what is their degree.
A: Step 1:- Define Operating leverageOperating leverage is the level to which the firm can increase the…
Q: Answer
A: Hello student! TECH INNOVATORS INC.Cost of Goods Available for sale is the sum of the beginning…
Q: Need Answer of this Accounting Question
A: 1.Note that the accounting equation states that Assets = Liabilities + Equity. Hence, if the…
Q: Need help
A: Actual overhead cost is lower than applied overhead cost, hence overhead is overapplied.
Q: 6) To best measure the liquidity of a business: A) calculate the leverage ratio B) calculate the…
A: Option a: This option is incorrect because the leverage ratio is the financial ratio that helps to…
Q: Current Attempt in Progress Sunland's Staff has the following inventory information. July 1…
A: Step 1: Calculate the cost of goods sold (COGS) for each sale.July 14 Sale (84 units):Use up all 26…
Q: White tiger electronic produces CD players using an automated assembly line process.
A: **Step 1: Define Multifactor Productivity (MFP)**Multifactor productivity is typically the ratio of…
Q: Accounting need help
A: Step 1:- Define Process Costing SystemUnder the process costing system, there are two approaches to…
Q: What is the amount of the gain or loss on this transaction?
A: Step 1: Define Asset DisposalLong-term investments in physical assets are either sold or scrapped at…
Q: Kelley Company began business on January 1, 20-1. Purchases and sales during the month of January…
A: Requirement 1: Computation of the cost of goods sold and the inventory on hand by preparing the…
Q: Accounting. Eva owns securities with a tax basis of
A: Step 1:- Define Capital GainWhen a capital asset is sold at a price that is higher than its book…
Q: #76 Saved Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs…
A: 3. Cash BudgetCash BudgetParticularsAprilMayJuneBeginning Cash Balance 62,000…
Q: Accounting MCQ
A: Explanation of Earned:Revenue is considered earned when a company has fulfilled its obligations to a…
Q: A company has a net income of $75,000 and total assets of $500,000. What is the return on assets? A)…
A: Explanation of Net Income: Net income represents the total profit a company earns after deducting…
Q: Accounting.?
A: Given information:EBTI = $41,299Depreciation = $9,592Tax rate = 36%Previous year's net fixed assets…
Q: A company has total liabilities of $300,000 and total equity of $450,000. What is the debt-to-equity…
A: Explanation of Total Liabilities:Total liabilities represent the total amount of debt or obligations…
Q: Micah's beginning tax basis capital account on his Schedule K-1 is $60,0 During the year, a $12,000…
A: Here's a detailed explanation for better understanding. Micah's beginning tax basis capital account…
Q: General Accounting
A: Step 1: Define Stock ReturnsWhen a stock's return is expressed in dollars, it is called a dollar…
Q: answer must be in table format ni.8
A: Here's a detailed explanation for better understanding. 1. Identifying the Asset Class and Recovery…
Q: Crane Company's record of transactions for the month of April was as follows. Purchases Sales April…
A: Explanation: As per First In, First Out (FIFO) method, the inventory that has been…
Q: dfg
A: Given Information:Service cost for 2024: $260,000Service cost for 2025: $350,000Year-end funding for…
Q: Question: 12 Rodriguez Company pays $400,140 for real estate with land, land improvements, and a…
A: Approach to solving the question: Analyze the question. Detailed explanation:To allocate the total…
Q: Accounting. Solve correct option
A: The sensitivity of a business's operational income (or operating cash flows) to variations in sales…
Q: Need help.
A: Step 1:- Define Cost AllocationCost allocation is a means of delivering assistance to the cost…
Q: Experts answer
A: Problem 1: Aan Company - Machinery Depreciation Given Information:Cost of machinery =…
Q: Accounting. What is the firm's debt-equity ratio?
A: Step 1:- Define DuPont AnalysisThe DuPont analysis is used to determine the return on equity (ROE),…
Q: Sperberg corporation's operating leverage
A: Step 1: Percentage Change in Net Operating Income can be calculated using the formula of Operating…
Q: The Financial Accounting
A: Stock Return Calculations a. Required Rate of ReturnFormula:• Required Rate of Return = (D₁/P₀) + g…
Q: Can you please give true answer?
A: Understanding the Problem:Book value: $19,000Selling price: $16,000 Steps:Compare selling price to…
Q: A company had net sales
A: Step 1: Define Days sales collectedDays sales collected or average collection period is a financial…
Q: Accounting. The weaver manufacturing company incurred direct labour cost
A: Step 1:- Define Cost of SalesCost of sales can be said as the total amount of all costs involved in…
Q: Help
A: The correct answer is:b) Unearned RevenueUnearned revenue is classified as a current liability…
Q: Give correct roe
A: Approach to solving the question: Analyze the question. Detailed explanation:To calculate the return…
Q: P/E RATIO? NEED ANSWER
A: Stock$50/ Earnings per share5P/E ratio10 C. A popular financial indicator that aids investors in…
Q: The following facts apply to the pension plan of Wildhorse Inc. for the year 2025. Plan assets,…
A: Annual Pension Cost = Service Cost + Interest Cost -Actual and Expected Return on Plan Assets…
Q: nkj
A: First, we need to identify the relevant entries that affect the retained earnings. These are the…
Q: General Accounting
A: Step 1: Define AccrualsFailing to prepare and post accruals during the adjusting process can cause…
Q: Hi expert solve this question. Accounting
A: Step 1:- Define Net SalesSales consist of cash sales and credit sales. The cost of sales returns,…
Q: Give calculation of Du pont identity
A: Step 1: Introduction to the DuPont AnalysisThe DuPont analysis is usually used by firms to determine…
Q: Financial Accounting
A: Step 1: Introduction to the OvertimeOvertime means the excess hours that employees work over their…
Step by step
Solved in 2 steps
- On January 16, K Corp, accepted a P600,000, 9%, 90 day note from a customer. On February 10, the note was discounted at 12%. Assume the note was discounted on a without recourse basis. Compute for the cash received from discounting.a. 613,500b. 600,000c. 600,207.50d. 595,095 Gain (or Loss) on notes receivable discountinga. (3,542.50)b. 207.50c. 13,500d. 3,750 Assume that the note was discounted with recourse and treat the discounting as a conditional sale. Compute for the gain (or loss) on notes receivable financingWhich of the following bills of exchange may be treated as promissory note by the holder? a. To BDO. Pay Php10,000 to bearer. Signed Mr. Lit. b. To C. Pay Php10,000 to the order of P. Signed A. c. To X. Pay Php10,000 to P or bearer. Signed X. d. To Drawee. Pay Php10,000 to P or order. Signed Drawer.Sunset West issues a $90617, 60-day, 9% note to Memorial Point in exchange for an overdue account payable. For MEMORIAL POINT: What is the amount that is debited to cash when Sunset West pays the note? Ans_________________
- Qw.32.How to enter that transaction into a cash receipts journal and also into a cash payments journalThe checkbook balance is $8,850. The total fees or charges deducted by the bank is $8.15.The interest credit is $5.12. Determine the adjusted checkbook balance. a. $5000 b. $8,863.27 c. $8846.97 d. $8853.03
- B. Record the entry for acceptance of promissory note in exchange of accounts receivable from McCormick Industries. C. Record the entry for interest accrued on promissory note received from McCormick Industries. D. Record the entry for interest received , from McCormick Industries , on the note's maturity date. E. Record the entry for payment received from McCormick Industries the principal on the note's maturity date.A cheque drawn by the business from RM609 for payment of a liability was recorded in the journal as RM906. This item would be included in the bank reconciliation as alan Deduction by the bank Addition by the bank O Deduction by the business O Addition by the businessNone