explainThe separation of duties is part of the internal __________ for safeguarding assets.

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A: Step 1: DefinitionsPredetermined Overhead Rate:Predetermined Overhead Rate (POHR) is a rate used to…

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A: Step 1: Definition of Cost Allocation Based on Square FootageCost allocation by square footage is a…

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A: Question : 1Step 1: Definition of Asset Turnover RatioThe Asset Turnover Ratio measures how…

Q: Pharoah Street Inc. makes unfinished bookcases that it sells for $59. Production costs are $38…

A: Sales Price Per UnitSell (Unfinished): $59Process Further (Finished): $73Cost Per UnitVariable…

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A: Step 1: Definition of Net SalesNet Sales is the amount of revenue a company retains after deducting…

Q: Annual variable cost:32000, Annual fixed cost:19000

A: Step 1: Definition of Gain or Loss on ReplacementGain or Loss on Replacement is the difference…

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A: Step 1: Define Average Collection PeriodThe Average Collection Period measures the average number of…

Q: what is the full cost per unit?

A: Step 1: Definition of Full Cost per UnitThe full cost per unit includes all costs associated with…

Q: Calculate return on assets

A: To calculate the Return on Assets (ROA), we use the formula: ROA=Net Income/Average Assets However,…

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A: First Question:Calculation of Cost of Goods SoldCost of Goods Sold = Beginning Finished Goods…

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A: Thus, understanding the context and purpose of the report helps in choosing the right measurement…

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A: Explanation of Rent Expense: Rent expense represents the cost recognized on a company's income…

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A: Explanation of Activity-Level Validations:Activity-level validations are controls or assessments…

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A: Step 1: Definition of Cash Proceeds from Bond IssueCash proceeds from a bond issue are the actual…

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A: Step 1: Define Days' Sales in ReceivablesDays' Sales in Receivables measures the average number of…

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A: Step 1: Definition of Asset TurnoverAsset turnover is a financial ratio that measures how…

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A: Degree of operating leverage = % change in operating income / % change in sales2.75 = 4% increase /…

Q: Lucas purchased a stock for $55.32 per share and sold it one year later for $57.01 per share. He…

A: The capital gains yield (CGY) is calculated using the formula: CGY=(Selling Price−Purchase…

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A: Explanation of Stockholders' Equity: Stockholders' equity represents the residual interest in the…

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A: We are tasked to compute or solve the Return on Assets. In accounting, Return on assets (ROA) is a…

Q: Shakira Electronics has received a special one-time order for 900 light bulbs at $7 per unit.…

A: Explanation of Relevant Costs: Relevant costs are the costs that differ between alternative courses…

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A: Explanation of Capital Adequacy:Capital adequacy refers to a company's available financial resources…

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A: The Underfunded Amount is the excess of the PBO over the fair value of plan assets at the end of the…

Q: What is the cost of goods sold for January??

A: Provided Data:Beginning Inventory (Jan 1): 300 units @ $2.10 = $630Purchase (Jan 12): 400 units @…

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A: Step 1: DefinitionsConcept of Variable Cost:Variable cost refers to expenses that change in direct…

Q: The amount that will remain to be paid?

A: We can solve this step by step using the compound interest formula. Given Data:Principal (P) =…

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A: Step 1: Definition of Gross ProfitGross Profit is the difference between net sales and cost of goods…

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A: Step 1: Definition of Gross ProfitGross Profit is the profit a company makes after deducting the…

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A: Step 1: Define Maturity ValueMaturity Value is the total amount due on a debt instrument when it…

Q: Pluto Flyers, Inc., has balance sheet equity of $6.2 million. At the same time, the income statement…

A: 1: Calculate the Retention RatioThe retention ratio measures the proportion of net income retained…

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A: Step 1: Define Discount NotesDiscount Notes are short-term debt instruments issued at a discount to…

Q: Tom Manufacturing Corp. desires a weighted average cost of capital of 8%. The firm has an after-tax…

A: Summary Answer:To achieve a WACC of 8% with a cost of debt of 5% and a cost of equity of 14%, the…

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A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate is a rate used to…

Q: What is variable overhead efficiency variance?

A: Explanation of Variable Overhead Efficiency Variance: Variable overhead efficiency variance measures…

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A: Step 1: Definition of Gross ProfitGross Profit is the financial metric that shows the difference…

Q: Please provide answer this general accounting question

A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate is a rate…

Q: What is the annual depreciation expense for the equipment?

A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is the most commonly used…

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A: Step 1: Define Target Profit CalculationThe Target Profit Calculation determines the number of units…

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A: Concept of Manufacturing Overhead Costs:Manufacturing overhead costs are all indirect production…

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A: Step 1: Definition of Net Sales RevenueNet Sales Revenue refers to the actual revenue a company…

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A: Explanation of Sales Revenue:Sales revenue is the total income a company earns from selling its…

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A: Step 1: Definition of EPS and P/E RatioEarnings Per Share (EPS) is the portion of a company's net…

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A: Step 1:Answer-1-Given InformationTotal market value = $418,000Number of outstanding shares =…

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A: Step 1: Definition of Lower of Cost or Market (LCM)The lower of cost or market (LCM) method is an…

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A: Step 1: Definition of Contribution Margin RatioContribution Margin Ratio is the percentage of sales…

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A: Step 1: Definition of Maturity ValueMaturity value is the total amount to be paid at the end of a…

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Q: What is the gross profit percentage?

A: Explanation of Gross Profit: Gross profit represents the difference between a company's sales…

Q: Kendrick Industries provided the following financial data: Net Income = $30,120 Assets at the…

A: Return on Assets (ROA) for Kendrick Industries WE HAVE GIVEN FINANCIAL DATA :Net Income =…

Q: Brighton Electronics had a quick ratio of 1.6, a current ratio of 3.5, an inventory turnover ratio…

A: Step 1: Definition of Days' Sales Outstanding (DSO)DSO measures the average number of days a company…