Accounting Question
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A: Ratio analysis is a method of measuring the financial position of the organization with different ki...
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Q: The equivalent of finished goods inventory for a merchandising firm is referred to as a) inventory. ...
A: Completed goods / Finished goods are the only type of inventory which is purchased or sold for merch...
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A: Diversification in simple terms can be defined as the allocation of fund into different investment p...
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A: A new company is being established. Sales will grow to 2600 Trackits per month with in 5 months. Own...
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A: Workings: Budgeted VOH=$189,00042,000 DL×3,540 DL=$15,930 Applied VOH=$189,00042,000 DL×3,588 DL=$16...
Q: .
A: Ratio analysis means where different ratio of various years of years companies has been compared and...
Q: Which type of revenue activity is correctly matched with the revenue recognition method? Which type ...
A: Revenue Recognition:-It is a GAAP (Generally Accepted Accounting Principle) that identifies the cond...
Q: Which of the following is not likely to be an indicator of possible asset impairment? O evidence of ...
A: Options a, b and c are the indicators of possible asset impairment and option d is not. Therefore, t...
Q: 3. The subtotal, "Cost of goods manufactured" ppears on Aa merchandising company's income statement....
A: Merchandiser means the person who buy and sell the goods but do not manufacture the goods. Manufactu...
Q: The equivalent of finished goods inventory for a merchandising firm is referred to as a) inventory. ...
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...
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A: Under variable costing, fixed manufacturing overhead is considered as a period cost and deducted a f...
Q: Due to COVID-19 impact, Watson Co becomes insolvent and placed into voluntary liquidation by its dir...
A:
Q: 1. Explain the differences between fixed, variable, and semi-variable costs and provide examples of ...
A: "Since you have asked multiple questions, we will solve first question for you. If you want any spec...
Q: Mekka Hypermarket on January 1st, 2020, sold rice product on account to Al Karama shop for RO 3,000....
A: When a company is unsure about an account receivable to be collected in the future then they make pr...
Q: Question 1 At 30 June 2019, Beta Ltd had the following deferred tax balances: Deferred tax liability...
A: Tax: Tax is a financial charge imposed by the county's government on the income of the person, and t...
Q: Can I have a solution for this one, please?
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A: FASB:- FASB stands for Financial Accounting Standards Board. FASB includes seven members who are wor...
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A: Accounting for notes payable : A note payable is a written promise that promises to pay a specific ...
Q: ABC; pricingChester Inc. has identified activity centers to which overhead costs are assigned. The c...
A: Predetermined overhead allocation rate = Total overheads / Total direct labor hoursSelling price = U...
Q: help
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A: Budget: It is the financial statement that shows future estimation of organization’s future course o...
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A: When the employee retires, he is given some extra amount on behalf of the company and the entity, it...
Q: Please write the answer in handwriting in addition to writing at the top of the page (Masa tarabeh)
A: Accounts receivable are those receivables to whom business has made credit sales on account. Sometim...
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A: The qualitative characteristic of useful financial information includes reliability, relevance, unde...
Q: 11. What sources of income would the insurance company take into consideration in determining the ma...
A: Insurance can be defined as the protection of the individual or group from the financial losses. It ...
Q: Max Payne is CEO of Payne Publishing, which publishes accounting and other business textbooks. An o...
A: The manufacturing companies are needed to record each and every cost as per the units produced. Th...
Q: 3. The subtotal, "Cost of goods manufactured" appears on a merchandising company's income statement....
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...
Q: Various pension plan information of Kerem Company for 2019 and 2020 is as follows 2019 2020 Service ...
A: Pension: It is a regular fixed payment that employee received after its retirement. It is kind of re...
Q: If the cost of goods manufactured is less than the cost of goods sold, which of the following is cor...
A: Financial statements are statements which states the business activities performed by the company . ...
Q: Alps Ltd has a net income after tax of $1 500 000 for the year ended 30 June 2019. At the beginning ...
A: Basic EPS is the net income attributable to equity shareholders measured on per share basis.
Q: .
A: Current year Previous year Cash and cash equivalent $19993 $10174 Short term investment 6551 3...
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A: Target Price = 130% of Full Product Cost Total Labor Hour = 102,000 Labor Hours Products REG ADV ...
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A: Bank Reconciliation-:A Bank Reconciliation report is a statement of banking and enterprise activity ...
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A: There are various threats involved in professions ethics . These are :1. Self interest threat 2. Sel...
Q: The contribution format income statement for Huerra Company for last year is given below: Tot...
A: ROI formula in terms of Margin &Turnover is as follows -- ...
Q: 3. Caitlyn is considering making a large charitable deduction this year. Her filing status is MFJ an...
A: Hello. Since your question has multiple parts, and the second part is based on recommendation, there...
Q: Which one of the following represents a period cost? Fringe benefits associated with factory workers...
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...
Q: 20. Penner Company reported total manufacturing costs of $450,000, manufacturing overhead totaling $...
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...
Q: The standard cost of making a single product is: | 10kg @$2.00 per kg 5 hours @$5.00 per hour 20.00 ...
A: (i) Direct material price variance: =(SP-AP) *AQ Purchased = ($2 - $2.05) * 95000 = $4,750 U Direct ...
Q: 8) Terry Austin is 30 years old and is saving for her retirement. She is planning on making 36 contr...
A: Retirement Contribution:- When Employees after completion of their work tenure, receive benefits fro...
Q: Issued 10,000 shares of preferred stock at par value 0.40, as payment in exchange for legal service...
A: given that, Issued 10,000 shares of preferred stock at par value 0.40, as payment in exchange for l...
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Q: I need help. What is the correct answer.
A: length of a loan refers to the duration of the period, where the person is required to repay the loa...
Q: Deposits of GHS100 are made every month for 5 years into an account crediting interest at a nominal ...
A: Firstly, we shall calculate Value of investment after 5 years. Then we shall calculate the Monthly w...
Q: Please write the answer in handwriting in addition to writing at the top of the page (Masa tarabeh)
A: given that, west side textiles are selling its accounts receivables to First Factors. accounts recei...
Q: The following information applies to the questions displayed below.] CommercialServices.com Corpor...
A: ROI (%) = Net operating income / Average operating asset
Q: Journalize the entries to record the following transactions: 1. Mar. 10: 400 units of raw materials ...
A: Raw materials purchases are debited to Raw materials Account and then later credited to WIP when use...
Q: Which one of the following is an example of a period cost? O Maintenance on factory machines O Wages...
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...
Q: Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services t...
A: Residual Income = Net operating income - Average operating assets * Minimum required return
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