On June 1, Smart Company issued 8,000 shares of its P100 par ordinary share capital to Dix for a tract of land. The shares were actively traded in the stock exchange at P180 per share. On Dix's last property tax bill, the land had an assessed value of P1,000,000.

Q: rate. Hours worked Total Hours Reg. Rate Employee S M T Th F S Reg. O.T. Rectra, J. 7.5 8 10 9.25 7…

A: The regular wages of an employee is the direct labor cost and overtime wages are overhead cost.

Q: Future Value for Various Compounding Periods Find the amount to which $400 will grow under each of…

A: Present Value = pv = $400Interest Rate = r = 9%Time = t = 5 Years

Q: do you have the answer in a different format using equations

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: person borrows $2,850 on a bank credit card at a nominal rate of 18% per year, which is actually…

A: a.  Annual Percentage Yield      APY =[ (1+r)^n - 1]       APY = [(1+0.015)^12-1]       APY…

Q: The Global Advertising Company has a tax rate of 30%. The company can raise debt at a 12% interest…

A: Cost of Equity = [(Dividend x (1 - Flotation Cost)) / (Current Stock Price x (1 - Flotation Cost))]…

Q: 13. Assuming no other equity transactions occurred during 2022, what should Tack report as…

A: It is to be noted that repurchase of 2000 shares of the ordinary share capital by the company is…

Q: 4. (Appendix) Assuming that the variable cost method is used, determine the following: a. Variable…

A: The markup is calculated on cost. For requirement 6, the variable cost is to be consider as…

Q: 60) Beginning inventory is $30,000. Purchases of inventory during the year are $50,000. Cost of…

A: Ending Inventory = Beginning Inventory + Purchases - Cost of Goods Sold

Q: Greystone Corporation manufactures windows for the home building industry. The window frames are…

A: The transfer price to be charged by Frame Division of Greystone Corporation depends on the current…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Payroll- Payroll refers to the process of making payments to a company's employees. This process…

Q: 3. Savings Bank of Goodworks has three revenue-generating departments: checking accounts, savings…

A: The step method of cost allocation is also referred to as the sequential method of cost allocation…

Q: On January 1, 2020, Seabreeze Construction Company owned 4 dump trucks, 2 excavators and other…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: 5. Suppose that the general inflation rate is 5% and the real interest rate is 3%. Find the market…

A: Fisher Equation:  It is the equation that  shows that relationship under the effect of inflation…

Q: Can you please show how to solve question 4, 5, 6a, 6b.

A: Capital budgeting is a financial management process used by organizations to evaluate and make…

Q: 7 3 9 O 1 2 B 4 5 5 7 B 3 2. The estimated unit costs for CNR Inc., when it is operating at a…

A: Conversion cost refers to all cost required to convert raw materials into finished product.…

Q: The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30…

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period. The…

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: There are two methods of calculation of payout ratios 1) outstanding share method (DPS/EPS) *100 2)…

Q: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A…

A: Lets understand the basics. Predetermine overhead is need to calculate in order to allot overhead…

Q: Complete the following for the present value of an ordinary annuity. (Do not round intermediate…

A: Compound = quarterly = 4 Annuity = a = $15,400 Time = t = 5 * 4 = 20 Interest rate = r = 10 / 4 =…

Q: Problem 1 Prime Company prepared the following bank reconciliation on December 31: Balance per bank…

A: Bank reconciliation statement is a statement which reconciles the bank balance as per bank statement…

Q: 1.4) A firm's stockholders expect a 15% rate of return, and there is $12M in common stock and…

A: The weighted average cost of capital (WACC) is the firm's average after-tax cost of capital from all…

Q: Total Budget Item Product Costs Ace 200,000 Bell 100,000 Budgeted sales in units Selling price per…

A: Budget: A budget is an estimation to determine the income that will be earned and expenses that will…

Q: Kindly answer #7 -10 will surely given an upvote show complete solution.

A: Liabilities refers to the obligations which the business need to pay and it states current…

Q: The shareholders' equity of Janet Corporation at the end of 2018 and 2017. are as follows: 12%…

A: Number of preference shares as on 31st December 2018 = P1,000,000P100 = 10,000 shares Number of…

Q: 4. Suppose the company pays the store manager an inčéhtive shirt separate from that of the…

A: The net income is calculated as difference between revenues earned and expenses incurred during the…

Q: Richelle Company adapted the following changes during 2022: • Appropriately changed to the FIFO cost…

A: The given changes are required to adjust retained earnings opening balance. These changes in…

Q: Total Cost incurred if the company "fails after re- evaluating the making process"

A: The total manufacturing costs include all the expenses incurred by a company for the production of…

Q: Cycle Time, Conversion Cost per Unit, MCE Lander Parts, Inc., produces various automobile parts. In…

A: The budgets and standards are used by the companies to track and evaluate performance. The standard…

Q: Crane Corporation issued 3,200, 6%, 5-year, $ 1,000 bonds dated January 1, 2022, at 100. Interest is…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: Required: A. Classify each of the costs as being either variable, fixed, or semivariable. B.…

A:

Q: You have $56,000. You put 24% of your money in a stock with an expected return of 13%, $31,000 in a…

A: As per the given information: Total amount = $56,00024% of money invested in a stock with an…

Q: 4. Suppose a $1000 EOY loan payment was made today for money that was borrowed five years ago. If…

A: Loan payment is $1,000 made today Time period is five years Inflation rate is 2% To Find: Value of…

Q: A company must decide if a proposed project is financially justifiable. To help make this decision,…

A: In finance, IRR stands for Internal Rate of Return, which is a metric used to evaluate the…

Q: Please solve this by using a number line

A: Net Present Value - It is the difference between the present value of cash outflow and present value…

Q: Kindly answer #4-6 will surely given an upvote please show complete solution

A: Current assets are those assets which can be converted into cash or cash equivalents within one year…

Q: Jain Enterprises honors a short-term note payable. Principal on the note is $425,000, with an annual…

A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

Q: USE CELLS A6 TO B10 FROM THE GIVEN INFORMATION TO COMPLETE THIS QUESTION.

A: Net Present Value is a method of taking investment decision. NPV = PV of Cash inflow - Initial…

Q: From the interest statement 18% per year, compounded monthly, determine the values for interest…

A: Interest Rate period: It is the period (in years) in which interest is charged. Compounding…

Q: 9. You have a student loan of $35,000. The bank charges 6% interest annually. You decide to pay the…

A: Given Interest rate is 6% annually. Loan amount $35,000

Q: As of Dec 31, 2011, the books of V. G and C partnership showed capital balances of V, 40,000; G.…

A: Since, you have specifically asked for question 20, so, we will solve the same for you.

Q: Par owns 88.01% of Sub Corp. Par sold depreciable assets to Sub on January 1, Year 3, at a…

A: Parent company and subsidiary companies are two type of companies being used at the time of…

Q: Is there a way you can provide an example for number 3?

A: Break-even level is computed by the company at which company has sufficient amount of revenue…

Q: 8e. A large profitable corporation is considering a capital investment of $50,000. The equipment has…

A: The success or failure of a capital investment can be determined by analyzing the cashflows of the…

Q: Calculate the project's cash payback period. (Round answer to 2 decimal places, eg. 15.25) Cash…

A: Payback period is the period within which the sum invested by the company in a project will be…

Q: On July 1, 2021, Aurora Company leased a equipment from Lucena Company. The lease was oncancellable…

A: Depreciation: In Lease, PV of all lease payments is considered as the cost of asset .Depreciation is…

Q: PROFITABOLITY: Ratio 2021 2020 2019 ROE= (4,511,706/ 9,414,458) *100 Return on ROE= (2,476,553)/…

A: 1. Return on equity Ratio : This ratio tells that how much a company is able to generate profit from…

Q: The following data for Hello Company for 2020 is available: Transactions in Common Shares Jan. 1,…

A: Net income available for common stockholders per share is called earning per share (EPS). EPS may be…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.