For Questions 36-38 refer to problem below: On August 1, 2020, Tempest Company bought a property insurance for 450,000 pesos. The insurance policy is good for 3 years. How much is the balance of prepaid insurance as of December 31, 2021? Blank 1 Blank 1 Add your answer

Q: Can you provide me the full answer for this quiestion

A: Formulas for different financial ratios are as follows.

Q: could you please give me the specific calculation process of calculating EBITDA? Thank you so much

A: EBITDA (earnings before interests, taxes, depreciations and amortizations) is also called operating…

Q: Support your computations with relevant explanations.

A: Certainly! Here's a brief explanation of why certain items were included or excluded when…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: Discuss a case law to explain the above answer

A: Based on the information provided, it is likely that the gains made by Mr. Peter on the sale of the…

Q: provide answers for PART B as well

A: Ratio analysis help to understand relationship between two variables and understand the impact on…

Q: Why is a source document important? List some examples of source documents.

A: Source documents refers to the documents pertaining to a business transaction. It captures the key…

Q: of any Two updated IFR

A: The field of financial reporting in India has seen major changes in the last 5 years. As the trade…

Q: What can be understood from Integrated disclosure system.

A: Integrated disclosure system: It is an update in the security exchange commission’s guidelines to…

Q: Explain in detail Full disclosure principle with example.

A: The full disclosure concept or norm is an idea that allows a company to disclose all basic facts…

Q: Preparation of the statement of changes in stockholders' equity The purpose of this exercise is to…

A: Stockholder’s Equity is the amount of remaining assets if all the liabilities in the business are…

Q: Explain CVP APPLICATIONS WITH EXAMPLE?

A: The CVP analysis is used to determine what will happen to the financial results when they are…

Q: Please answer part b in detail

A: Shares are issued to raise capital by a company. The person who own's the share in a company is…

Q: Define customers

A: Inventory: It can be defined as all the goods, items, materials, and merchandise that are held by a…

Q: relevance characterisitic

A: Relevance is an important characteristic of accounting or financial information.

Q: Write a research paper explaining how the T Account process works

A: T accounts are visual representations of individual accounts that looks like a "T" and is used to…

Q: Could someone please explain the DCF model

A: Introduction : Discounted cash flows (also known as discounted cash flows): As discounted cash…

Q: Complete the remaining sub-parts

A: Adjusted journal entries made at the end of an accounting period to adjust some accounts to ensure…

Q: How to create the t account

A: T account is a representation of the legder that records business transactions. It is in the form of…

Q: Can you explain each point in detail, if possible?

A: Lets understand the basics. Cash management is must requirement for banks in todays world. This is…

Q: can you do the spreedsheet solution of this?

A:

Q: Explain recourse

A: A recourse is a legal right to demand a compensation  or repayment. it is an legal agreement that…

Q: please show a clearer solution

A: Here, Investment Amount (PV) is P100 Value of Investment Amount after one year (FV) is P112.55…

Q: Summarize what are the MACRS guidelines?

A: The MACRS (Modified Accelerated Cost Recovery System) is the current tax depreciation system in the…

Q: please help me with part E.

A: A question with multiple sub parts were asked by you earlier. One of the sub parts were not…

Q: neasures for firms: Financial accounting and market neasures), Strategic Performance, and Social…

A: Performance measure means the process in which the performance of the firm is collected and…

Q: journalizing?

A: Journalizing is the process followed by businesses in recording their transactions in an orderly…

Q: Explain an example of source documents.

A: Source documents: The documents which contain evidence of accounting data to record the transactions…

Q: explain using the IRAC model.

A: IRAC model refers to Issue, Rule, Application as well as conclusion which is considered as an…

Q: Please respond via a memo on your thoughts of the GAAP article bellow:

A: Accounting Principles- Accounting principles are the principles that are to be followed by an…

Q: Explain an example of prepayments.

A: The outflow of money to reduce the liabilities occurred in the current accounting period refers to…

Q: prepare journal enteries

A: Income tax is defined as the payment obligation of the taxpayer earning income for each year. It is…

Q: references and citations for this please

A: Sports organisations have three options for raising money: public, private, and cooperative…

Q: Can you please provide the formulas here?

A: Given in the question: Sold during the year Asset Original Cost Accumulated Depreciation…

Q: Can you share an example and explainwhy the CVP is important please.

A: Cost-Volume-Profit Analysis: Cost-volume-profit (CVP) analysis is a means to find out how changes in…

Procedural Coding: CPT and HCPCS

Computer hardware and accessories nowadays support various types of coding for a variety of purposes. Procedural coding is a straightforward process that combines several steps of a calculative sequence to achieve the desired result. It is a type of medical classification that aids in the identification of specific surgical, medical, or diagnostic procedures. It begins as soon as a patient enters the premises of a healthcare provider. These coding systems have significantly aided the process of insurance claims and billing.