Accounting princippls
Q: Find the monthly house payment necessary to amortize the following loan. In order to purchase a…
A: Present value annuity factor (r%, n periods)=1-11+rnr
Q: The cost and estimated useful life of accounts under Property, Plant and Equipment of FDNACCT Co.…
A: Plant, Property & Equipment: PP&E stands for "property, plant, and equipment," which refers…
Q: The following information applies to the questions displayed below.] Simon Company’s year-end…
A: Solution: Days sales uncollected is computed as = Average accounts receivables * Nos of days in year…
Q: YVCFAP992 Corporation's percentage (%) of completion of the ending inventory in work-in-process with…
A: Process costing refers to an accounting system which is used by manufacturing companies who are…
Q: Question 7 The asset's book value is determined by deducting the residual value from its original…
A: The correct option with proper explanation are as follows.
Q: The amount shown for Retained earnings would be called a(n): A) net loss. B) earnings…
A: The issue price of the stock which has been issued by the company is the price on which the…
Q: You are a Corporate Finance Manager at Penguins plc, a leading operator of domestic waste recycling…
A: Net present value Present value of cash inflows less present value of cash outflows
Q: What possible actions would an auditor might take if a client’s financial statements depart from…
A: Introduction: A set of financial statements summarizes a company's monetary results, financial…
Q: A manufacturer offers a 30/25 chain discount if the invoice subtotal is above $1,000. If the list…
A: calculation of chain discount are as follows
Q: Liabilities and Revenues O Are decreased by debits and increased by credits Are decreased by both…
A: The different accounts in the business have debit or credit balance. The revenue and liabilities…
Q: Use the following information for the Exercises below. Skip to question [The following…
A: A journal entry is often used to record a business deal in an income statement. A journal entry is…
Q: money flow for the stock? (Leave no
A: The money flow index is to be measured the flow of money in and out of a security in a particular…
Q: please answet the following question thanks
A: Minimum transfer price is the amount which is paid to one division by the other after purchasing the…
Q: Which of the following questions is not addressed by the statement of cash flows? Multiple Choice O…
A: Cash Flow Statement: A cash flow statement is a kind of financial statement that offers aggregate…
Q: The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial…
A: Current expenses are the sum of an individual's or firm's debts and commitments to third parties.…
Q: Timothy (40) and Tina (42) are California residents. Todd (age 10) and Ted (age 7) are their two…
A: Tax Break for Children: As per 2020 Child Tax Credit, an individual can get a tax credit of $2,000…
Q: Identify each of the following costs as either a variable, a fixed, or a quasi-fixed cost and give…
A: Fixed cost – Which cost do not directly change with increase or decrease of product. It means the…
Q: Blossom Bakery has budgeted sales revenues as follows: Credit sales Cash sales Total sales April…
A: SCHEDULE OF EXPECTED CASH COLLECTIONS April May Total Cash Sales 12240 16320 28560…
Q: DITO Corp. a telecommunications operator, entered into a one-year contract with Kim on March 1,…
A: Here their are two performance obligations 1.Apple I-phone handset 2. Network service As per IFRS…
Q: total amount of interest earned in 2022?
A: Interest earned refers to the amount that is earned from the investments paid by the holder in…
Q: The Lakewood Realty Company's bank statement has just arrived. To reconcile the statement,…
A: For reconciliation of bank statement we need to adjust the amount of check deposit which deposited…
Q: A guitar manufacturer is considering eliminating its electric guitar division because its $76,000…
A: Introduction: Revenue is calculated by multiplying this same average sales price even by the number…
Q: Highridge Homes has the following payroll information for the week ended February 21: Name Earnings…
A: Payroll It is important for the business entity to prepare the payroll process which are important…
Q: If the standard to produce a given amount of product is 600 direct labour hours at £15 and the…
A: Labour rate variance: Labour rate variance is the difference between the actual rate per hour and…
Q: Question 15.1 The following information relates to Leisure Zone Ltd for the year ended 31 December.…
A: When all the works of company are performed by different departments in the company itself, then it…
Q: Based on the information below of FDNACCT Co., how much should be recorded as total assets in the…
A: Long-term Payable, Notes Payable, Accounts Payable, Unearned Income, Accrued Expenses are considered…
Q: Whichever of the below is NOT a need for establishing responsibility for negligent infliction of…
A: An obligation is defined as financial assets that a business has given up to other entities as a…
Q: Standard Costing, Ethical Behavior, Usefulness of Costing Objective 1, 2, 3 Pat James, the…
A: Answer:- Standard costing:- Standard costing is one of the most important type of cost accounting…
Q: 1 $ 652,500 299,000 353,500 181, 150 (19,125) 153, 225 43,850 $ 109,375
A: Cash Flow Statement : It is the statement of cash inflows and outflows from the three cash generated…
Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…
A: Fixed cost refers to those cost which remains same at each level i.e. fixed cost doesn't changes…
Q: company reported the following data for its past 2 years of operation: Year 1 18% Return on…
A: Return on investment for year 2 = 20%Required return for year 2 = 10%Residual income =…
Q: Peter works for Company G and gets paid monthly. He made $8,500 throughout the month of January.…
A: Compensation is a monetary or non-monetary payment paid in exchange for services provided. Base…
Q: Three common tools of financial analysis are:
A: There are following three common tools of Financial analysis- Horizontal Analysis Vertical Analysis…
Q: Methods that ignore the time value of money in capital investment appraisal include which of the…
A: Net present value – Net present value is the difference between present value of cash inflows of…
Q: Short-term investments are also called marketable securities. True or False True False
A: the correct option for above requirement are as follows
Q: The statement of cash flows explains the difference between the beginning and ending balances of…
A: Introduction: The net amount of cash received and disbursed by an entity over a given period of time…
Q: How does the enterprise risk management influence the internal control detective identified?
A: Introduction: Control is a managerial function that aids in measuring actual performance by…
Q: May I have the statement of cash flow for the business?
A: In the context of the given question, we need to prepare the flow of cash for the business. The…
Q: Financial statement analysis applies analytical tools to financial stateme and related data for…
A: Financial statements analysis is used by internal and external stakeholders to evaluate business…
Q: he company has net sales revenue of $6.8 million during 2021. The company's records also included…
A: Fixed assets include the Property, plant, and equipment. Fixed assets turnover ratio = Net sales…
Q: A company acquired equipment for $150,000 by signing a $150,000 note payable. The $150,000 is…
A: Introduction: Financing activities include deals involving long-term liabilities, owner ’s equity,…
Q: a. Calculate selling prices for each of the Citizen, the Sovereign and the Excelsior using the…
A: Allocating all of the direct expenses related to producing a good to COGS is known as absorption…
Q: When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost…
A: Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of the…
Q: Financial information of Barnes Ltd, a furniture maker, for the year ended 31st December 202X as…
A: Income statement or statement of financial performance is the one which is prepared by the entity to…
Q: Company A's net credit sales in 2020 and 2021 are 21115 and 35118 respectively. Cost of sales in…
A: To calculate cash collections from customers in 2021, we will prepare accounts receivable ledger and…
Q: Ines Company consigned twenty five (25) calculators, with cost of P800 each, to Hola Company for a…
A: Under consignment sales one party gives their goods to another party for selling. The one who gives…
Q: Unearned Delivery Fees of FDNACCT Co. before adjustments amounted to P80,000. % of the unearned…
A: Unearned sales Revenue: Unearned sales Revenue means money received from the customer in advance for…
Q: Statement of cash flows-indirect method Instructions Instructions 1 2 3 Cash 4 Accounts receivable…
A: Introduction: Statement of cash flows is one of financial statement that depicts movement of cash in…
Q: The cross over point for two types of machine producing widgets is 625 units. Machine A has a fixed…
A: Variable cost per unit is the per unit cost of making a good that remains the same per unit but…
Q: ce of P1,500,000. Under the terms of the sale, the automobile dealer 00,000 cash and a promissory…
A: Maturity Value : It is the estimated income on the amount of investment for a given period. It is…
Accounting princippls
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