An Introduction of the GEMADEPT(HOSE) LOGISTIC's internal reporting system. Is it different from the system used for external reporting, and how?

Q: Directions: Analyze the transactions of Kim as the owner of Chinita Services. Record the…

A: Answer: Answer to the question has been attached as images. Kindly refer to the image for your…

Q: Following is the year-end adjusted trial balance for MGM, Inc. for the December 31, 2020. MGM, Inc.…

A: Closing entries are prepared in order to close accounts like income and expenses which is normally…

Q: "During 2020, Oldie Company, which uses the allowance method of accounting for doubtful accounts,…

A: Net cash flow from operating activities = Net Income - Bad debts expense + Decrease in accounts…

Q: When preparing a draft of its 20B statement of financial position, Megs company reported net assets…

A: Introduction: Net assets are necessary because assessing them helps businesses to gauge their…

Q: Concord Corporation's charter authorized issuance of 96,000 shares of $10 par value common stock and…

A: The company issues either common shares or preferred shares. When the company issues these shares…

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A: The objective of the question is to calculate the machine setup overhead assigned to the order using…

Q: Kate has put a lot of time and effort into streamlining the process to design and produce a greet-…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: lournal Entries for Accounts and Notes Receivable Lancaster, Inc., began business on January 1.…

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A: Contribution margin is the differnce between Sale Price and Variable Cost of…

Q: 49. The net cash flow for year 4 is a. P35,850 b. P35,950 c. P30,150 d. P36,250

A: 49. Net Cash Flow for the year = Net Income + Depreciation Net Income = (Income before depreciation…

Q: rding to AASB 132 Financial Instruments: Presentation, which of the following items would be…

A: As per AASB 132 – Financial Instruments: Presentation Financial liability is a contract that: gives…

Q: Mountain, Inc., purchased a new automobile on October 1 of the 2020 at a cost of $148,000. The…

A: Depreciation is an expense which is charged to a fixed asset of a firm. Depreciation is reported on…

Q: E24 (LO 1) The following information relates to Royale Real Estate Agency. Oct. ! James Royale…

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: In the case of interest income from state and Federal bonds, which are true and which are false? I.…

A: Introduction: The Internal Revenue Service levies a federal income tax on individuals and…

Q: Using the data for Project S and Project T below, conduct an Incremental IRR Analysis and select the…

A: Internal rate of return refers to the minimum return to be earned by the investors over the amount…

Q: Refer to the following data. Suppose a portfolio consisting of 40% in Security A and 60% in Security…

A: Here,Weight of A is 40%Weight of B is 60%SecurityBetaResidual…

Q: What is the minimum price that Dursley Ltd could charge the cosmetics business to justify the…

A: The relevant costs are the differential costs between making and buying of the product.

Q: 2. Chan Lund, Inc., is considering building a sensitive new airport scanning device. His managers…

A: Expected Monetary Value (EMV) could be a statistical method in risk administration utilized to…

Q: Exercise 11-17 (Algo) Preparing a statement of retained earnings LO C3 Prepare a statement of…

A: RETAINED EARNINGS    Retained earnings Account are shown under the Shareholders Equity in the…

Q: Each of the items in the following list must be accounted for in bank reconciliation. Next to each…

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Q: Dazzle, Inc. produces beads for jewellery making use. The following information summarizes…

A: Use of direct materials results in reduction in raw materials.

Q: Required information [The following information applies to the questions displayed below.] Tyrell…

A: Interest due It represents the amount required to pay the interest cost of a loan for the payment…

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A: The objective of the question is to prepare the journal entries for the transactions related to the…

Q: Accounts Debit Credit Cash 5,450 Accounts Receivable 16,200 Supplies Prepaid Insurance Equipment…

A: The adjustment entries are prepared to adjust the revenue and expenses for the current period.

Q: LCD Industries purchased a supply of electronic components from Entel Corporation on November 1,…

A: Purchase Price : $24 Million Period : 12 Months Monthly Interest Rate : 12% / 12 = 1% Annuity rate…

Q: Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will direct…

A: Introduction: A tentative tax is the amount that an individual can take as a minimal tax against an…

Q: PROBLEM NO. 4 Juan Dela Cruz, non-VAT registered lessor of residential and commercial units, had the…

A: Business Tax = Income* tax rate

Q: Missing amount from an account On August 1, the supplies account balance was $1,025. During August,…

A: Introduction:- Supplies expense refers to the cost of consumables used during a reporting period. It…

Q: Consider a five-year MACRS asset purchased at $75,000. (Note that a five-year MACRS property class…

A: Depreciation: Depreciation is a method that allocates the cost of a tangible or physical asset over…

Q: The total maintenance costs of Silver Company in the last four months are presented below: Month…

A: Variable Cost Per Unit = (Highest Activity Cost – Lowest Activity Cost) / (Highest Activity Units –…

Q: Information on Reng Company's overhead costs for January production activity is a follows: Budgeted…

A: The variance is the difference between the actual data and standard output of the production.

Q: Following is the November, 30, 2020 unadjusted trial balance of Zenith Delivery Company, Inc. The…

A:

Q: "Net cash flow from operating activities for 2020 for Jap Company was P300,000. The following items…

A: Net Income for 2020 = Net cash flow from operating activities - Depreciation and Amortization +…

Q: If you earn a total of Php 1,000,000.00 annually, what is your expected monthly tax?

A: Answer; We have Gross Income = P 1,000,000 As per personal income tax (2018-2022), the tax schedule…