72. The following account balance were taken from Entity C for the quarter ending March 31, 2021.10.16 * Inventories: January 1 March 31 Raw materials P120,000 P105,000 Work in process 250,000 275,000 Finished goods 170,000 290,000 Amortization of Trademark P 50,000 Depreciation Factory 40,000 Depreciation - Office 48,000 308,000 Direct Labor Indirect Labor 45,000 Indirect Materials 65,000 5,000 Fright-In Purchases Raw Materials 110,000 Rent Expense - Factory How much is the Cost of Goods Sold? 25,000 O A. P518,000 В. Р525,000 О С. Р540,000 O D. P550,000

Q: Define the term Approval of payment requests?

A: The payment is an amount of money paid by the customer to the seller in exchange of goods and…

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A: Lets understand the basics. When applied overhead is more than actual overhead then it is known as…

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A: Computer Assisted Audit Techniques or CAATs can be characterized as an auditing strategy that…

Q: State the meaning of incomplete records?

A: Accounting refers to the process through which the financial transactions related to a business are…

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A: Cost per good unit is calculated as total cost divided by number of good units. The cost can be…

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Q: Describe Caveats?

A: A notice that is given to the court that it must give caveator a fair hearing before making any…

Q: 3. What is availability? Give an example showing a violation of availability.

A: Following is a meaning of availability and its examples

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Q: Define uncertainity ?

A: "Uncertainty" in accounting refers to the difficulty of predicting outcomes because of limited or…

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A: Introduction: Shareholders equity represents owners' equity i.e. amount of claim for the…

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.