Accounting Question
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A: Contribution = sales price - variable cost = 5-3 =2 per unit.
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A: The ratio is used to helps management in making strategies on the basis of the evaluation of financi...
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A: Here credit memo should be added back to balance as per books
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Q: Mr. Arish opened Arish’s Carpet Cleaners on March 1, 2021. During March, the following transactions ...
A: "Since you have posted a question with multiple sub-parts. We will solve only first three sub- parts...
Q: Mr. Arish opened Arish’s Carpet Cleaners on March 1, 2021. During March, the following transactions ...
A: The financial statements of the business include the income statement and balance sheet of the firm.
Q: What is budget
A: Management accounting is the one whereby the statements for the internal decision making are prepare...
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A: Ban reconciliation statement reconciles the balance of company book and bank statement.
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A: Situation Here the situation was in the audit of Emerson college it is identified from the auditors ...
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A: At break even sales, profit = 0 Increase in Profit = Increase in Sales - Increase in variable costs ...
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A: Book Value of Material Y = 10kg x £85 per kg = £850 Replacement Cost of Material Y = 10kg x £100...
Q: Balance is
A: Balance refers to the amount remaining in the particular ledger on a specified date. In accounting, ...
Q: On January 1, 2021, Frontier World issues $39.3 million of 7% bonds, due in 10 years, with interest ...
A: A bond is a fixed pay instrument issued to represents to an advance made by a financial specialist t...
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Q: Indicate which principles are violated. The owner manager bought a computer for personal use. The ...
A: Accounting's goals include keeping a systematic record of all financial transactions in a book of ac...
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A: Labour efficiency variance is the difference between actual costs and budgeted cost of labour due to...
Q: On November 1, 2021, Aviation Training Corp. borrows $44,000 cash from Community Savings and Loan. A...
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A: Break even Point - It is the point or level of production at which the revenue is equal to the cost ...
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Q: On December 31, Moscow corporation estimates the utility expenses for December amounting to 820. Th...
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Q: PA4. LO 8.2 April Industries employs a standard costing system in the manufacturing of its sole prod...
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Q: Date Transaction Description July 1 Began business by making a deposit in a company bank ac...
A: Debit what comes in, Credit what goes out Debit the receiver, and Credit the giver Debit all expense...
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Q: Using the following information, what is the amount of gross profit? Purchases $42,000 Merchandise ...
A: Cost of Goods Sold = Opening stock + Net Purchases + Direct Expenses - Closing Stock ...
Q: Activity 1 the periodic inventory system. Bought goods for cash, R540 Account to credit OE No. Accou...
A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...
Q: Bianca investments is a company owned by Bianca McGhuru CA(NAM) and it operates in the logistics ind...
A: Here the problems which are persisted on reporting the purchase of the vehicle by the Bianca investm...
Q: Blossom Inc. manufactures two electronic products, widgets and gadgets, and has a capacity of 2,700 ...
A: CM stands for Contribution margin which refers to the per unit or gross basis and it states the incr...
Q: Journalize the following transactions into the general journal in accordance with the rules of Journ...
A: Down payment = Cost of equipment x 40% = $5,900 x 40% = $2,360
Q: The Golda Bear items listed below for the month of September, 2016.rn Owner’s Capital, September 1 ...
A: Income statement is for month ended September 30th
Q: Mumtaz, Badia and llya are partners in a business partnership, called MBI. Mumtaz c8 contributes $10...
A: Partnership means where two or more person comes together to do some common business activity and ea...
Q: Retailers that accept credit cards pay a “swipe fee” to credit-card issuers such as Visa and Masterc...
A: Surcharge is defined as the extra or additional charge or tax which is added to the cost of the good...
Q: Icebreaker Company (a U.S.-based company) sells parts to a foreign customer on December 1, 2020, wit...
A: Forward Contract: It is the contract made between two parties to buy an asset at a specified pric...
Q: Venus Corp. sold goods, with a selling price of $18,421, for cash. The state sales tax rate is 8%. W...
A:
Q: Q5: The Saad Manufacturing Concern submits the following information at December 31", 2019. Inventor...
A: Cost of Goods Manufactured refers to total cost that inculdes Cost of direct material used in the pr...
Q: Retailers that accept credit cards pay a “swipe fee” to credit-card issuers such as Visa and Masterc...
A: Surcharge is defined as the extra or additional charge or tax which is added to the cost of the good...
Q: In 2021 Waterway Co. had credit sales of $1890000 and sales returns and allowances related to these ...
A: Debtors collection period: The average time it takes for a firm to recover money owing to it by its ...
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