Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR 2000, Purchases OMR 40000, Sales OMR 80000, Closing Stock OMR 20000, Salaries and wages OMR 10000 and Sales return OMR 6000 a. OMR 40000 b. OMR 52000 C. OMR 34000

Q: 7) What is an ESOP? What are the characteristics and rules of an ESOP plan?

A: ESOP stands for Employee Stock Ownership Plan. It is a kind of employee benefit plan that gives the…

Q: Which components of audit risk can an auditor control? Explain

A: An auditor is a professional who is responsible for verifying a business entity's financial…

Q: to refer to the degree of uncertainty that the future economic benefits associated with the item…

A: Probability refers to the possibility of a uncertain event take place in the future. Generally, an…

Q: True/False) All of the regulations for Section 162 are proposed regulations.

A: The general rule for section 162 states that "A deduction of ordinary and necessary expenses paid or…

Q: please explain 120/360

A: Solution: Interest amount is computed using formula = Principal * Interest rate * time Where time is…

Q: Explain the Rule of 72.

A: In investment and saving management, the doubling period techniques provide the valuation of the…

Q: P12.2 (c)

A: Ending Retained Earnings  = Beginning Retained Earnings  + Net income - dividend declared…

Q: 10) 11) 12) 13) 14) Explain Dual Aspect concept and provide example. Explain Consistency concept and…

A: 10) Dual Aspect Concept:  Any business transaction is documented in two separate accounts according…

Q: requirements

A: These are the following- 1. Such risks must be statistically predictable- This is one of the major…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: Please answer sections d), e) and f)

A: Debt Management Ratios are financial metrics that provide insights into a company's ability to…

Q: 321,818 is incorrect. What is the correct answer?

A: Revenue: We consider unit sales and price per unit to determine total revenue.Variable Costs: Based…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: What is the after announcment?  This is from question a.

A: Debt Value = $2,700,000Current Debt-to-equity ratio = 30%Increased Debt-to-equity ratio = 50%EBIT =…

Q: Explanation 1031 like-kind exchange

A:

Q: 16. Training opportunities fall under which category of returns for work? O A. Total compensation O…

A: All forms of salary and perks are included in an employee's total compensation. In addition to basic…

Q: Carefully explain the cross-sectional test of the CAPM.

A: The Capital Asset Pricing Model (CAPM) is a mathematical model that describes the relationship…

Q: What distinguishes a current liability from a long-term liability?  Why is it so important to report…

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: How about the second question?

A: As per the accounting standard- the effects of changes in foreign exchange currency, income and…

Q: What is AAA (Section 1368(e))

A: The S corporation is a corporation that chooses to pass all income, losses, deductions, and all…

Q: is part b answered in this?

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

Q: What is Break Even Point?

A: BEP is called as break even point. Formula: Break even point = Fixed cost / Contribution per unit

Q: 7. How would you define transaction exposure? How is it different from economic exposure?

A: Exposure refers to the degree to which an individual or entity is subject to a particular risk or…

Q: the correct answer is 12.5

A: When a company goes public, it issues stocks to investors in exchange for capital. The investor who…

Q: E14.3 (b)

A: The cash flow statement is helpful for the stakeholders as they can identify the organization's…

Q: please question d) e) and F)

A: in order to calculate Weighted average cost of capital it is important to know the cost of capital…

Q: In your own words, briefly describe the Sarbanes-Oxley Act and its purpose.

A: The Sarbanes-Oxley Act of 2002 seems to be a law approved by the United States Congress on July 30,…

Q: 5. What are vulnerabilities? Give some examples.

A: Vulnerabilities refers to the possibility of being exposed, harmed and attacked of an application…

Q: 1,525,394 is the wrong answer. what is the correct one?

A: The recovery of net working capital (NWC) refers to the return of funds initially tied to current…

Q: explain in details the scope, obectives

A: IAS / IFRS 33 deals with the calculation and presentation of earnings per share (EPS). It applies to…

Q: How about the last question?

A: Here,Operating Cash Flow is $63,745Cash Flow to Creditors is $22,100Cash Flow to Stock Holders is…

Q: What is the principle behind the Sharpe measure?

A: Shape Ratio: It is known as the Sharpe ratio, this indicator measures how well a financial portfolio…

Q: The significance difference between U.S. GAAP and IFRS in regard of development cost that IFRS…

A: The development cost represents the future economic benefit under the IFRS as well as GAAP. Under…

Q: 4. What is sensitivity analysis?

A: What Is Sensitivity Analysis?

Q: What are the origins of the Sharpe measure?

A: Shape Measure: In a dataset, measures of shape explain the distribution (or pattern) of the data in…

Q: it say 1.33 is incorrect

A:

Q: Why is a policy statement important?

A: A policy statement or an investment policy statement is a document created by the investment…

Q: i did ask for a certain question to be resolved question 2b

A: High low method is used to segregate the semi variable or mixed cost into two separate costs i.e.…

Q: Explain briefly on the misconception about Riba

A: Riba is term that refers to the earnings and assets that are earned through corrupt means. The…

Q: Clear Springs Corporation manufactures products J, K and L from a joint process. Additional…

A: Joint costs are the cost of common resources used to produce two or more products or services…

Q: a. What is the Benefit-Cost ratio for "Proposal 1?" [Select] b. Based on a Benefit-Cost analysis,…

A: Benefit cost ratio is an important metric when we look at analyzing and determining the financial…

Q: What is covered by Regulation S–X?

A: Regulation S-X is a U.S. Securities and Exchange Commission rule that covers annual reports from…

Q: 3) What are the functions of FASB, GASB and FASAB? Explain

A: Accounting rules are used for the high quality of financial information.