Accounting Question
Q: gross profit are
A: Gross profit is the residual income that is determined by reducing costs that are directly related t...
Q: Alka Company, a domestic company, is a global manufacturer of snack food products and soft drink3. o...
A: Step I: Qualified foreign taxes paid = $1,500,000 + $200,000 + $20,000 = $1,720,000 Step II: Tax cre...
Q: After the business combination on the basis of full-goodwill approach, what amount of investment in ...
A: Goodwill:-It is an intangible asset for the company which appears on the Balance sheet of the compan...
Q: On February 23rd Printing Plus, Inc received cash from a customer for services rendered on January 2...
A: Given transaction is: On February 23rd Printing Plus, Inc received cash from a customer for services...
Q: 2) Complete the table. (Lesson 5) Invoice Date Terms Last Date to Take Discount Last Date to Pay Inv...
A: Eom is an invoice term which stands for end of month. Each invoice has terms to specify the date of...
Q: Proper solution
A: Cash flow statement shows all cash inflows and cash outflows of business for the particular period o...
Q: Why are companies' liquidity ratios calculated?
A: Ratio Analysis: Ratio Analysis is a mathematical comparison of financial statement accounts. It esta...
Q: how much interest will i earn on $200 deposited in an account that pays 5.75% interest annually if i...
A: Given that: Initial deposit amount = $200 Interest rate = 5.75% Period = 1 year
Q: Q2. From the following Balance Sheets of X Ltd. make out the Cash Flow Statement BALANCE SHEET LIABI...
A: Cash flow statement shows all cash inflows and cash outflows of the business for the particular peri...
Q: Stephanie borrows Php77,000 for 10 months at an interest rate of 12% per year. Find the interest ear...
A: Interest earned refers to the product of amount invested/borrowed, time period and interest rate.
Q: Differential Analysis for a Lease-or-Sell Decision Rhombus Construction Company is considering selli...
A: Differential Analysis is the comparison of revenue and costs of different alternatives to find out w...
Q: Explain Financing Project Development?
A: Introduction Project finance refers to the funding of long-term projects, such as public infrastruc...
Q: Wheels Inc. is a manufacturer of bicycles sold through retail bicycle shops in the southeastern Unit...
A: Sales refer to the amount or level of resources or services provided by a business entity. To record...
Q: Vernon Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bic...
A: Introduction: Variable cost: Cost varies according to the change in output levels. The cost which is...
Q: Ayayai Corporation issued 5,000 $1,000 bonds at 98. Each bond was issued with one detachable stock w...
A: Discount on bonds payable = No. of bonds x face value per bonds x (100-sales price)% = 5000 x $1000 ...
Q: Frederick Company has two service departments (Cafeteria Services & Maintenance). Frederick has ...
A: The step method is used to allocate the service department costs to production departments. The cost...
Q: The following data pertain Ali,Saeed partnership for the first year of operations: Revenues OR360,00...
A: Net income means the profit earned from sale of goods or services after deducting all expenses relat...
Q: The 2017 income statement of Sandhill Company showed net income of $718,000 and a gain from disconti...
A: Formula: EPS = ( Net Income - gain from discontinued operations ) / Outstanding shares
Q: Horn’s Crane Service furnished supplies and services under a written contract to a partnership engag...
A: Partnership: This is the form of business entity which is formed by an agreement, owned and managed ...
Q: Purchased equipment for OR5,400, paying OR1,000 down and signing a two-year, 10% note for the balanc...
A: Equipments means the fixed asset which is used in business for earning profits. Note payables means ...
Q: At the beginning of 20X1, the accounting records of Friends Corp. reported the following: $ 228,750 ...
A: Tje journal entries are prepared to keep the record of day to day transactions of the business.
Q: When job 711 was completed, direct materials totaled $4,000, direct labor totaled $4,600, and factor...
A: Given the following information: Direct materials: $4,000 Direct labor: $4,600 Factory overheads: $...
Q: Brief Exercise 5-05 Prepare the journal entries to record the following transactions on Ivanhoe Comp...
A: The question based on the concept of Journal Entries
Q: Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the cur...
A: Journal entry: It is also called as book of original entry. All financial transactions occurred in a...
Q: Drug Y is a new agent for a rare fatal disease. Drug Y is said to cost more but more effective than ...
A: QALYS is abbreviated as Quality adjusted life year is an indicator developed by Rachel Rosser, w...
Q: M Inbox - merc4365@fredonia.edu X yplus.com/edugen/student/mainfr.uni e Maps a Welcome, Joseph New T...
A: The journal entries are prepared to keep the record of day to day transactions of the business.
Q: You buy a piece of equipment for $2,000 and depreciate it over time to $500. You then sell the equip...
A: Depreciation is a reduction in the value of assets due to the usage of that asset. We can evaluate t...
Q: What effects on a retail store's accounting equation occur when it records merchandise purchased for...
A: Option (d) [ No net effect. ] for explanation refer step 2
Q: Throughout 1998, J Co. had 10,000 ordinary shares outstanding. There was no potential dilutionof ear...
A: Diluted Earnings Per Share : It is the method of measuring the quality of a particular company's Ear...
Q: Q2/ in one year, accompany of manufacturing output is twenty thousand dollar. In this period, i.e. o...
A: Data Given: - Inputs Consumed :- Output = $20000 Human = $4000 Material = $1500 Capit...
Q: The new bookkeeper forgot to record the payment of an accounts payable to a supplier. What impact do...
A: Introduction: Balance sheet: All Assets and liabilities are shown in balance sheet. It tells the net...
Q: Evelyn, Francis and George, run a business buying and selling wigs. They have been advised by their ...
A: Solution- Evelyn, Francis and George have same right to be involved in the management of the privat...
Q: Advanced collections from customers prior to the performance obligation being satisfied is accounted...
A: 1) Advanced collections from customers prior to the performance obligation being satisfied is accoun...
Q: Port Corporation sells item X-100. Purchases, sales and costs of item X-100 for the last quarter of ...
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: Accounting Question
A: DATE PARTICULARS DEBIT CREDIT 1) JAN 1 A/C Receivables A/C Dr 19,200 To sa...
Q: Explain how ABC can help a firm identify its true low-cost suppliers. Illustrate with some
A: Solution- Process costing is a method of cost accounting that is used to determine the cost of produ...
Q: 1. How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the...
A: Accounting: It is the process of recording, classifying, summarizing all transactions of a business...
Q: Required: the variance analysis for labor.
A: 1. Direct labor Variance = (standard rate x Standard hrs for actual output) - (Actual rate x Actual ...
Q: Computer Assignment The SK Industries, Inc. manufactures and sells two products, Accel Active and Ac...
A: Financial Management: Financial management comprises of two words i.e. Finance and management. There...
Q: Help asap. Thanks in advance.
A: Under marginal costing Sales Revenue - Total Variable cost - Total Fixed cost = Profit We know that...
Q: |Units Price Accel Active 45,000|s225 Product Accel Regular 75,000|S1sS Expected Target Inventories ...
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...
Q: 6) Lucy's Spa and Salon Services Company estimates that it costs $38,000 annually to carry their inv...
A: Given that: Total cost = $38000 Storage and Handling Costs = 10% Interest = 15% Taxes and Insurance ...
Q: its cost accounting question Please answer
A:
Q: Q1:The following balances appeared in the audit balance of a company Salary of $ 650 Share revenue o...
A: Salary paid in advance : Salary paid in advance should be deducted from salaries for the year t...
Q: The SK Industries, Inc. manufactures and sells two products, Accel Active and Accel Regular. In Sept...
A: Financial Management: Financial management comprises of two words i.e. Finance and management. There...
Q: Concord Company manufactures equipment. Concord’s products range from simple automated machinery to ...
A: FOR EQUIPMENT : ( FAIR VALUE OF EQUIPMENT / TOTAL FAIR VALUE ) X TRANSACTION PRICE ($960,000 / ...
Q: A core objective of the International Organization of Securities Commissions is to: B . protect user...
A: International Organization of Securities Commission is an international body that regulates the secu...
Q: 1. Your mother invested Php 18,000 in government securities that yield 6% annually for two years. So...
A: The formula to be used; Simple Interest = Principal ×Rate × Time100 Principal = Php 18,000 Rate= ...
Q: How much can the following single taxpayer contribute to a traditional IRA? The taxpayer earns $119,...
A: The traditional IRS is consider to be a retirement account for the taxpayer where he contributes som...
Q: 3) On December 1, Jonas Jewelry Wholesale Center started with an inventory of 1,000 watches. Shipmen...
A: The following computations are done for Jonas Jewelry Wholesale Center.
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