Components of Internal Controls

Q: solve this given three prob

A: Step 1: Given Data Sales - $95,000 Total variable cost - $68,400 Contribution margin - $26,600 Total…

Q: find Out Solutions

A: Step 1: The IASB is responsible for developing and promoting International Financial Reporting…

Q: Give true solution for this accounting question

A: Step 1: Define Standard CostingStandard costing is used to estimate targets for revenues and…

Q: Answer want

A: Explanation of Total Income: Total income, also known as gross income, is the total amount of money…

Q: I need do fast typing clear urjent no chatgpt used i will give 5 upvotes pls full explain with…

A: Step 1: Draw the FBD of whole frame  and each members and draw appropriate support reactions.Since…

Q: 92

A: DuPont Analysis is a framework of the ratio components of return on equity (ROE) to determine the…

Q: Windsor Industries presents you with the following information. Complete the table for the year…

A: Step 1: Machine ACost: $153,900Salvage Value: $17,280Life in Years: 10Depreciation Method: Assuming…

Q: What is a balnce sheet ?

A: A balance sheet, also known as a 'statement of financial position', is a financial statement that…

Q: solve both and give correct answer

A: Understanding Jose's Pricing Strategy and Market PositionJose Ruiz wants to establish a snowboard…

Q: March 30 Loaned an officer of the company $45,000 and received a note requiring principal and…

A: To solve the problem, we will calculate the cash received from discounting the note and the loss on…

Q: Operating cycle?

A: Explanation of Days Inventory Outstanding (DIO):Days Inventory Outstanding (DIO) measures the…

Q: Financial Accounting

A: Step 1: Define Price-Earnings RatioThe ratio of the market price per share relative to the earnings…

Q: COrrect calculation please

A: o analyze the tax consequences of Bonnie's ownership and sale of the bonds, we'll calculate her…

Q: Question: Shown below are a company's ledger accounts and their end-of-period balances before…

A: Explanation of Closing Entries: Closing entries are the journal entries made at the end of an…

Q: Answer

A: Explanation of Raw Materials Inventory: Raw materials inventory represents the value of unprocessed…

Q: 2 Fill in the blank: ________ is an organization's ability to achieve low costs relative to…

A: Detailed explanation: Cost leadership is a strategy that firms use to achieve an aggressive gain via…

Q: Need answer

A: Step 1: Define High-Low MethodHigh-Low Method is a method used in separating the variable and fixed…

Q: [The following information applies to the questions displayed below.] When High Horizon LLC was…

A: The Maude's Tax Basis in her LLC interest is as follows:Formula:

Q: Rainbow Toys orders inventory that costs $50 per unit. The annual holding cost is 20% of unit cost,…

A: Approach to solving the question:Step 1: Define the IssueThe work entails determining the Economic…

Q: Give true solution for this accounting question

A: Step 1:- Introduction to the Price-earnings ratioPrice-earnings ratio evaluates the relationship…

Q: Please provide answer this accounting question do fast and step by step calculation

A: Step 1: Define High Low MethodThe High-low method is used to break the mixed cost into its…

Q: Do fast and step by step calculation for these general accounting question

A: Step 1: Define Property, Plant and EquipmentProperty, plant, and equipment is classified as a…

Q: I am trying to get these for a year end (December 31) financial report.  What is the Gain on Sale of…

A: To calculate the gain on the sale of investment and the discount on the note receivable, we'll…

Q: Taxable income & tax liability?

A: Explanation of Sales: Sales refer to the total revenue generated from selling goods or services to…

Q: Financial accounting

A: Explanation of Cash Flow Hedge: A cash flow hedge is a risk management strategy used to protect…

Q: The chief accountant for Ayayai Corporation provides you with the following list of accounts…

A: Estimated bad debt expense under allowance method = Sales * 2%Estimated bad debt expense under…

Q: General Accounting

A: Step 1:- Introduction to the Cost Per UnitThe cost per unit is an important measure in production…

Q: Need General Accounting Question solution

A: Step (1) : Define Price Earnings (P/E) Ratio Analysis:The P/E ratio is a key valuation metric that…

Q: The quick ratio (acid test) excludes which current asset? a) Inventory b) Accounts receivable c)…

A: Explanation of Quick Ratio (Acid Test): The quick ratio is a stringent measure of a company's…

Q: 9 The return-on-investment ratio is an example of a scorecard measure under the     Select…

A: The return-on-investment (ROI) ratio is a key indicator of financial performance, as it measures the…

Q: Can you please answer the accounting question?

A: Step 1: Define Split-off PointIn process costing, the split-off point is where the joint costs are…

Q: An investor will receive equal payments of $700 for four years, and the first payment will be…

A: Step 1: Substitute values into the formula PV=700× 1−(1+0.09)−4/0.09 Step 2: Calculate (1+r)−n…

Q: Prepare payroll registers. Maintain employees’ earnings records. Journalize and post payroll and…

A: Procedures for Journal Entries and Payroll Processing:a. Payroll registers should be prepared by…

Q: Green Valley Company prepared the following trial balance at the end of its first year of operations…

A: Detailed explanation:Revenues $ 113…

Q: Axtell Corporation has the following taxable income: U.S. source income $ 1,620,000 Foreign…

A: Step 1: Calculating U.S. TaxIdentify the taxable income: Axtell's U.S. taxable income is…

Q: Helppp

A: Accounting Treatment for Defined Benefit Plans1. Recognition of Pension Obligation:Defined benefit…

Q: Financial Accounting

A: Explanation of Constructive Obligation: A constructive obligation is a duty or responsibility that…

Q: Green Caterpillar Garden Supplies Inc. has the following end-of-year balance sheet: Green…

A: Given DataCurrent Sales: $13,500,000Net Income: $300,000Sales Growth: 17%Dividend Payout Ratio:…

Q: Griffin Shoe Company records Sales Returns and Allowances, Sales Discounts, and Credit Card…

A: Detailed explanation:TransactionsNet SalesCost of Goods Sold Gross ProfitJuly 12800 - (800 x 2%) =…

Q: Question 5 Melissa has $90,000 in salary from her full-time position and $40,000 in net income in…

A: Melissa's self-employment income =  $40,000 net income from consulting.  full-time salary of $90,000…

Q: Tutor help needed

A: Step 1: Gross Margin Definition Gross Margin is a key financial metric that represents the…

Q: Entry for Inventory

A: Explanation of Ending Inventory per Perpetual Records: Ending inventory per perpetual records…

Q: Need Answer of This General Accounting Question

A: • Purchase value of property = $100,000• Appraised value of building = $66,500• Appraised value of…

Q: The following are comparative balance sheets for concord company

A: Increase in Accounts Receivable: 2022 - 2021 = $84,500 - $79,900 = $4,600 (deducted as it's an…

Q: Need help of Accounting Expert

A: Variable cost per X-ray = (Cost of the highest activity level - Cost of the lowest activity level) /…

Q: Cash Over Or short amount?

A: Explanation of Petty Cash: Petty cash is a small amount of money kept on hand by businesses to pay…

Q: Need Answer please let me know when you send me the Correct answer

A: Trail Balance at December 31, 2014ParticularsDebit ColumnCredit ColumnAccounts Payable  $…

Q: Need answer

A: The problem requires the determination of the ROE. ROE or Return on Equity is a measure of a…

Q: Olson Metrics Ltd. has been the dominant firm in its field. The company's most popular product has…

A: 1. Initial Information and Inventory Value Reduction When the Model A was released, Olson reduced…

Q: 8 The purpose of the balanced scorecard is BEST described as helping an organization   Select…

A: The Balanced Scorecard is a strategic management tool that allows organizations to translate their…