artnership

Q: A student puts $10,000 in a savings account that pays 16% annual interest, compounded quarterly.…

A: Amount put in savings bank = $ 10,000 Interest Rate(r) = 16% compounded quarterly = 16/4 = 4% Total…

Q: The following information relates to Taylor Ltd: Trade receivables at 1.2.22 Trade receivables at…

A: Gross Profit is calculated by deducting cost of goods sold from sales. Cost of Goods Sold = Opening…

Q: If the corporation's board of directors decides a P100,000 restriction of accumulated profits for a…

A: The answer is option (b) [i.e, increase in accumulated profits not available for dividend…

Q: Bramlett Company produces and sells two different product: Thingone and Thingtwo. Company uses two…

A: Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

Q: Sales return 600 16 Sales 3,800 22 1,900 Purchase 38.60 29 Purchase return 300 38.60 30

A:

Q: How do I see the rest of the answer?

A: Accounting equation is a representation of the balance sheet that shows total assets is equal to the…

Q: Compute the NPV statistic for Project Y given the following cash flows and if the appropriate cost…

A:

Q: ROBLEM 3-22 Correcting Physical Inventory Count your audit of the RABBIT, INC., you find that a…

A: The ending inventory consists of the goods that belongs to the suppliers. The goods that are sold…

Q: 7. Alset Motors is offering the 2020 Tesla Model S Sedan (basic model) for $89,900. You "wheel and…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: Amatek Industries Pty Ltd. received annual interest in advance in the amount of $216 on 31/8/2020.…

A: The journal entries are prepared to keep the record of day to day transaction of the business.

Q: correct

A: Correct Answer :- C 6000 Gain

Q: Dufry Gift Shop Part I The Dufry Gift Shop purchases souvenir turtles from a vendor in Vieux Forte…

A: Hi student Since there are multiple subparts, we will answer only first three subparts

Q: With the estimates shown below, Sarah needs to determine the trade-in (replacement) value of machine…

A: calculation of replacement cost are as folows

Q: Car Rental Terms Daily Rate Relocation Fee Refueling Fee Fuel Cost Airport Fee Sales Tax A. $468.65…

A: Rental cost The activity or process of renting something, such as a car, a piece of property, or a…

Q: 1. Arden has the following information to evaluate: his current salary of $50,000 versus total…

A: Opportunity Cost is the cost of next best alternative. It is the cost of benefit forgone in favour…

Q: A sporting goods store budgeting September purchases of ski jackets at $17,000. The store had ski…

A: SOLUTION FORMULA- COST OF GOOD SOLD = OPENING STOCK + PURCHASE + DIRECT EXPENSES - CLOSING STOCK

Q: uestion 14 Controls are not designed to provide assurance that: A. Transactions are executed in…

A: Internal controls are the rules and regulations laid down by the management which must be followed…

Q: A company is preparing to produce a set of financial statements. The balance sheet being created…

A: The balance sheet represents the financial position of the business with assets, liabilities and…

Q: What is this question answer?

A: Net realizable value = Estimated Selling Price -  Cost of Completion and Disposal where, Cost of…

Q: Exercise - ABC Inc. provided the following information: Cost per Period Unit Cost $ 5.00 $3.00 $1.50…

A: Manufacturing Overhead Cost All the cost of indirect nature being spent by a company in the…

Q: 7) Yeşil Corp. purchases a machine on January 1, 2017 for $60,000. The machine has a life of 4 years…

A: The depreciation rate under double declining method has been calculated as follows: Depreciation…

Q: Which of the following equations is equal to the intrinsic value of a 14 % coupon rate 3 years…

A: Coupon Rate = 14% Years= 3 Intrinsic Value of Bond = PVAF( Interest rate,3) * 140  + Face Value…

Q: The following information is given about ZEE Company: Beginning inventory S 120,000 Purchases…

A: Inventory is the detailed list of items that are present on hand. It constitute of all the…

Q: are the answers correct?

A: Standard input/output means the budgeted or planned input or output.Variances are computed as…

Q: FIFO cost of goods sold?

A: Goods available for sale Cost of goods sold + Ending inventory As per LIFO method,   Cost of…

Q: The following information is about the cash balances for Mooner Sooner Inc.: Company balance: $5,020…

A: The bank reconciliation statement is prepared to balance the passbook and company book accounts with…

Q: 6) Milestone Inc. Distributes 55% of its profits and uses the rest in the operations of the firm.…

A: Dividend Payout Ratio = 55% Retention Ratio = 1-Dividend Payout Ratio = 1-55% = 45% ROE = 22%…

Q: What amount of write-down is recognized b. 78,000 on Dec. 31, 20x1? c. 90,000 a. 12,000 d. 0

A: The company should report the inventory at cost or net realizable whichever is lower. The write-down…

Q: Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $6.10 per mile C. $0.23…

A: Cost per mile is to be calculated by taking total cost as numerator and total number of miles…

Q: Assets Cash Accounts Receivable Inventory Prepaid Rent Total Assets Liabilities and Owners' Equity.…

A: Income statement is the financial statement that records all the income and expenses of the business…

Q: The lower-of-cost-or-market rule can be applied to which of the following?

A: The lower of cost or market rule can be applied on the following: 1. Major classes or categories of…

Q: Z Company is planning to outsource one of its main materials in producing tables. If said materials…

A: Fixed costs are costs that remains constant and does not affect with the number of units produced or…

Q: 2. Roberta has the following information to evaluate: her current salary of $75,000 versus total…

A: Revenue = $ 130,000 Expenses = $ 80,000

Q: You feel you need to make impressions per day with 3,000 people and get about 60 clicks per day to…

A: Impressions per day = 3000 Impression charges = $0.01 per impression Clicks per day = 60 Clicks…

Q: 2. Jacky and Kyla are partners who share profits and losses in the ratio of 60:40 respectively.…

A:

Q: How to solve this and which answer is the correct?

A: The answer are as follows

Q: Which answer is correct and why?

A: Under average cost method, average cost per unit is calculated as: = Total cost of opening inventory…

Q: Run, Inc. conducted a physical count on December 31, 2020, showing merchandise costing P463,000 was…

A: FOB destination means that buyer becomes the owner of goods when they are reached at final…

Q: Redfield Company has prepared the following forecasts of monthly sales: Sales in units January,…

A: Desired ending inventory for January = Budgeted sales for february x 75% = 5200 x 75% = 3900

Q: nce sheet is presented for the partherst a the ratio of 60:40, respectively

A: Correct Answer is :- D 195,000

Q: Which one of the following is not a unit level driver? Select one: а. Direct labor hours b.…

A: Drivers are those objects which causes the costs to arise or occur. Unit level drivers are those…

Q: 0-70-Co pay days. The company's bankers, MoneyCash charge Hugill Ltd overdraft interest at 2.4% per…

A: > Sales invoice : £2,000> Cash discount if payment is within 30 days = 3% of Sale value…

Q: A. $270,000 C. $275,150 B. $294,850 D. $258,400 tab

A: Given, The purchase value is $300,000. Therefore loan value is calculated as follows. Loan Amount =…

Q: v Question Completion Status: A student puts $10,000 in a savings account that pays 16% annual…

A: Because you have posted multiple questions, we will answer the first question only, for the…

Q: The Wilson Company purchased $33,000 of merchandise from the Poole Wholesale Company. Wilson also…

A: Total Inventory Value = (Purchase Value + Freight)