Accounting Question
Q: Which of the following are not part of the components ofthe DuPont system for measuring and evaluati...
A: DuPont system is used to measure the return on the equity.
Q: Scarlet Company owns 80% of Tamara Corp.’s common stock. During October 2019 Tamara sold merchandise...
A: The question is multiple choice question and is related to Consolidated Financial Statements. Requir...
Q: Equipment acquired at a cost of Rs. 245,879 has an estimated residual value of Rs. 4,578 and an esti...
A: The sum of year method adds the total remaining year that is pending of their useful life. Depreciat...
Q: Accounting Question
A: Equity of a business is impact by the revenues and the expenses. Revenue increases the equity of bus...
Q: What is the effective interest rate per month if the interest rate is 9% compounded continuosly?
A: The effective interest rate is the actual return on a savings account or any other interest bearing ...
Q: On August 1, Worthy invested P3, 000 cash and P15, 000 of equipment in Expressions. On August 2, Exp...
A: A journal entry is an act of recording or keeping track of some financial or non-financial activity.
Q: Seroja Sdn. Bhd. manufactures customized equipment for local market. The budgeted data for the month...
A: The first question is answered for you. Please resubmit specifying the question number you want answ...
Q: PC Desk, Inc., makes an oak desk specially designed for personal computers. The desk sells for P2,00...
A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This bra...
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost...
A: The preceding year income statement for the year ending March 31 is as follows Sales (200,000 units ...
Q: Computational. Look for the balances of the different accounts using the following transactions: A) ...
A: The financial transactions in a business are recorded into the books to maintain the accounts. The t...
Q: . During 2022, ABC Corp. acquired 500 shares of XYZ stock at P30 per share. ABC accounted for the st...
A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...
Q: 1. What is not true about a 3-way match? Multiple Choice: A 3-way match compares the inventory's phy...
A: Second option is wrong because 3-way match is a principle of internal control and the statement is t...
Q: On January 2, 2022, MAMBA Inc. purchased 5,000 shares of the 20,000 shares outstanding of BLACK Corp...
A: Acquiring the outstanding common shares of a company gives the ownership rights to the buyer. The in...
Q: II. Computational. Look for the balances of the different accounts using the following transactions:...
A: Cash is the most liquid asset in any organization so the records relating to cash must be well maint...
Q: ABC acquired 70% of EFG on June 30, 2021. Based on EFG's acquisition-date fair value on intangible o...
A: In a consolidated financial statement, the unrealized gains on intra-group transactions should be el...
Q: Please answer questions 1, 2, and 3 with complete solutions that are original not copy-paste. Thank ...
A: Since there are multiple questions, we will solve first for you. To get the remaining questions solv...
Q: The accounting breakeven quantity is 7,440 units. The cash breakeven quantity is 6,800 units. Life o...
A: Break even point: It is the point where the company is at the situation where there is no profit or ...
Q: REINFORCE YOUR SKILLS 10-1 Analyze and Record Transactions Sadie has left a stack of miscellaneous p...
A: Bank reconciliation statement refers to a reconciliation between the entries entered in the cash boo...
Q: What is double-declining-balance method?
A: Double declining balance method is method for recording depreciation, it is a part of accelerating d...
Q: Using the weighted average method, what is the cost of inventory on February 28? a. 3,180,000 b. 3,1...
A: Average rate per unit of inventory Total cost of purchase inventory/ Total unit purchase 100*20,...
Q: For a statement to be true, each part must be true. One detail can make an entire statement false. ...
A: 1) F Receiving cash in advance from a customer for services "Assets Increase and also liabilit...
Q: Djokovic, Federer and Nadal were partners of a firm having their interest 3:2:5 respectively. Their ...
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...
Q: Question 2: Muscat Company has the following information. OMR Fixed Cost Break even Sales 8750 16000...
A: The break-even point can be defined as the point where all the sales generated are equal to the vari...
Q: Answer this MCQ correctly Please.
A: Since you have asked multiple questions, we will answer the first question for you. Kindly repost th...
Q: The partnership of C, A, and G named BREAKEVEN decided to liquidate their partnership on May 31, 202...
A: Step 1 A liquidation of a partnership is the process of setting liabilities, selling assets, and d...
Q: On March 1, 2014, David Richardson started a painting business near a historical housing district. D...
A: Accounting equation- It is an equation which state all the assets and liabilities items separately a...
Q: If Mirabel purchases the new equipment for $1,200,000, it will increase fixed costs by 10% but will ...
A: Break-even point It is a financial calculation for determining the number of products or services a ...
Q: two departments: Assembly Department follow: Work in Pm Spoiled U Started in Transferre
A: Cost of Abnormal loss is allocated to the units spoiled and is separately charged to the Profit and ...
Q: Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,831. The useful lif...
A: Depreciation = (Cost - Salvage value)/Useful life in years
Q: A company's financial statements include the following selected data ($ in millions): Sales, $22,600...
A: Average stockholders' equity = (Beginning stockholders' equity + Ending stockholders' equity) / 2 Av...
Q: On July 1, Lewis Co. acquired a new computer with a list price of $125,000. Lewis receivelr trade-in...
A: Trade in allowance is the value received by the buyer for exchanging one asset to purchase another a...
Q: Make or Buy A company manufactures various-sized plastic bottles for its medicinal product. The manu...
A: A.) Analysis on whether the respected company should make bottles or buy bottles is as follows: Unit...
Q: ABC just issued US$200 million 10 year bond at PAR with an annual coupon of 2% attached with a 3-yea...
A: Theoretical market price of bond=Rv×Pvf (4%,3) +C× Pvaf(4%,3)=10,000×0.888+200×2.771 (c=10,000×2%=20...
Q: Prepare Cash collection schedule
A: Cash collection schedule can be defined as the summary statement being prepared at the year end to s...
Q: if a buyer makes a 15% down payment and obtains a $120,000 mortgage what is the sales price of the p...
A: if a buyer makes a 15% down payment and obtains a $120000 mortgage. Required What is the sales pric...
Q: If you were applying for a home mortgage loan today, would a lender viewyour debt-to-assets ratio fa...
A: Ratio analysis The financial statement of a company are analyzed in order to find profitability, liq...
Q: Two processes can be used for producing a polymer that reduces friction loss in engines. Which proce...
A: Present Worth:- It is a measure through which one company analysis the worth of the present project ...
Q: a) 1,000,000b) 800,000c) 920,000d) 560,000
A:
Q: ABC owns 90% interest of DEF Co. The following information are provided: АВС Со. 2,700,000 (1,350,00...
A: Calculation of non controlling interest :
Q: Sherry, age 34, participates in a defined contribution plan. The plan uses 5-year cliff vesting. She...
A: Given, Marginal tax rate is 24% Income increases by $30,000
Q: How do I record entry to close revenue and expense accounts to retained earnings, and combine the cl...
A: Closing entries are those entries which are passed at the end of the period to close all revenue acc...
Q: Unioil produces vegetable based cooking oil and butter spreads. Unioil uses large quantities of crud...
A: 25000 Metric tons required in September 2021 Current Spot Price =RM 2200 per MT In the case of per...
Q: Delgato Corporation, a manufacturing company, has provided data concerning its operations for Septem...
A: Manufacturing OG cost 100,000 Add: Ending materials 57,000 A 157,000 Less: Beginning mate...
Q: Accounting Question
A: The financial statements are prepared using various steps in accounting.
Q: a) 277,500b) 275,000c) 280,000d) 272,500
A: The cost of goods sold means the total cost that is incurred in the production of a specific good. T...
Q: Covid Company used a perpetual inventory system. At the end of 2020, the inventory account was P360...
A: cost of goods sold in the 2021 income statement = Beginning inventory + purchases - ending inventory...
Q: If each professional in a service company is paid an annual s alary, why might the firm want to use...
A: Pre-determined rate:-Predetermined rate is an allocation rate that is used to apply the estimated co...
Q: Use the following information for Meeker Corporation to determine the amount of equity to report. Ca...
A: Given that, Cash = $61000 Building = $120500 land = $201500 Liabilities = $126500
Q: Make a tabular summary of the effects (check pic)
A: Stock dividend is a method of capitalizing the retained earning. Under this, no profit is distribute...
Q: Before a trial market cycle, Mary's Balance Sheet showed:before after Cash 400Equipment 200Total Ass...
A: Balance sheet is a summary of the financial performance of the company on a particular date, which s...
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