PAS 16, F

Q: Use the trade discount system shown in the table to calculate the cost of 500 lbs of product if the…

A: Trade discount: The discount that is provided by the manufacturer or wholesaler to a wholesaler or…

Q: 8. Ego Co. had the following account balances on December 31, 20x1 before adjustments: Inventory…

A: 1.  Goods on F.O.B Shipping basis means ownership is goods is already transferred to the buyer.…

Q: EM 3: e arcount balances

A: In accounting liabilities are sum you owe to someone else.  So…

Q: please provide the correct answer. thank you.

A: Therefore, the correct answer is option d) 0.0215Explanation:Step 1: To find the capital structure…

Q: What report would you run in Xero to view all of the sales invoices that have been issued by the…

A: Business -A business is any organization or enterprising body that is involved in business,…

Q: select the correct answer and ecplain why

A: Period costs are incurred for a period. These are not directly related to the production of goods.…

Q: A store purchases ear buds from the manufacturer for $5 each. Calculate the sticker price for the…

A: Gross Margin - Gross Margin is the profit earned by the organization from the sales made by the…

Q: 2. Proud Co.'s records on Dec. 31, 20x1 show the following account balances: Trade accounts payable…

A: Current liabilities: Liabilities that have to be paid within one year or one operating cycle,…

Q: E. BB Co. was formed on January 1, 2021. BB reported the following financial statements pertaining…

A: Financial statements are those reports which are prepared at the end of financial period. The main…

Q: can you be more clear of what the answer is? thanks

A: Given: Beginning of the Year Common Stock = $8 Additional Paid in Surplus = $138 End of the Year…

Q: Adams transfers Blackacre to Newco in exchange for 100% of its common stock. Adams (6) acquired…

A: It is the amount of tax a taxpayer is liable to pay on the taxable income earned. The tax liability…

Q: Assume that Toy Craft makes ragdolls. Each ragdoll requires 18 square feet of fabric. If the number…

A: The production budget is prepared by the management to find out the units to be produced. It can be…

Q: Calculaté the required rate of return for Mudd Enterprises assuming that investors expect a 4.0%…

A: Given information : Rate of inflation = 4% Real risk free rate = 2.5% Market risk premium = 3% Beta…

Q: Need help answer the question. Thank you

A: Income Statement Income statement refer as the financial statement which summarizes the revenue and…

Q: 4. Pam, Inc. has P1,000,000 notes payable due on June 15, 20x6. On December 31, 20x5, Pam signed an…

A: Short term liabilities means those liabilities which will be paid in cash in near future generally…

Q: Electricity $.15 per kwh Phone $30 per line Monthly Gas $1 per 100 cubic ft Phone $.10 per int'l min…

A: The utility bills includes the expenses for electricity, water, telephone bill, etc.  The expenses…

Q: 3. Keeper Co. has the following liabilities on December 31, 20x1: Trade and other payables Note…

A: 1. Trade and other payable are current Liabilities.   2. As note payable is maturing in December…

Q: |(For Breakdown of Costs and Expenses, click on the icon here - in order to copy the contents of the…

A: If we evaluate the financial analysis of the statement of comprehensive income then we have to use…

Q: gross method. Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60,…

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Q: 10. Jim Company offers three payment plans on its 12-month contracts. Information on the three plans…

A: Revenue is recognized in the two ways a) At a point in time  Here revenues is recognized…

Q: lust show all your work (NEATLY) and place answer in the blank. Use 6 decimal places for the…

A: A mortgage is a covered loan that a borrower takes for the purchase of a property. The property…

Q: Smart Value peanut butter made $82 million worth of revenue on peanut butter this year. The total…

A: Since 1 billion = 1000 millions $3 billions = 3000 millions

Q: 6. Shameless Co. had the following liabilities on December 31, 20x1: Accounts payable Interest…

A: The current liabilities are the liabilities that are due to be paid within one year.

Q: Calculate the percent change in net income from Quarter 1 to Quarter 2 from the following income…

A: The net income is calculated as difference between total revenue and total expenses.

Q: Assume you graduate from university with a $40,000 student loan. If your interest rate is fixed at…

A: The present value of monthly payments over a 20-year period should be equal to the amount of the…

Q: A certain retail company is obligated to pay 2.17% on earned wages into Worker's Compensation…

A: The expenses incurred during the current period should be recorded in the current period income…

Q: 9. Wooten Co. sells subscriptions for access to an online f sharing site. Subscriptions are…

A: Accrual system of accounting says that every thing which is accrued has to be provided in books of…

Q: ch do you pay for a $32.25 item with 7% sales tax on i rice of an item is 672. Now there is a 20%…

A: Note : As per the bartelby guidelines only first part will be answered.  Given information : Quoted…

Q: An entity received cash of P24,000 on August 1 for one-year's rent in advance and recorded the…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Using the MACRS rates from the following table, what is the book value of a $2,500 computer after 5…

A: MACRS depreciation is used for calculating the depreciation under the US tax regime. Under this…

Q: You organize an 8-hour training for 5 hourly, local employees. The training is led by the manager…

A: Given: - Manager salary=$48,000 Assistant manager salary=$36,000 Training hour= 8 hours Material…

Q: Married individuals filing separate Forms 1040 are not eligible to claim an exclusion for interest…

A: 16.True. To claim an exclusion for interest income earned on United states saving bonds used to…

Q: balance of following:

A: Accounts payable is the amount payable to our suppliers for purchase…

Q: Jim has an annual income of $300,000. Jim is looking to buy a house with monthly property taxes of…

A: Let the monthly mortgage = X Monthly property tax = $1200 Monthly homeowner's insurance = $300…

Q: Drew receives an inheritance that pays him $54,000 every three months for the next two years. hich…

A: Present value is a financial concept that represents the value of a future sum of money in terms of…

Q: 5. Poof Co. has total current liabilities of P3,120,000 on Dec. 31 20x1 before possible adjustment…

A: Adjusted Total current liabilities on dec 31, 20x1 = Total current liabilities on dec 31, 20x1 +…

Q: 13. Mimi Co. sells gift certificates that expire one year after issuance. Information on gift…

A: In this case , 5% revenue never redeemed ,so we can recognised as revenue. Liability= Consideration…

Q: Sales price Estimated Sales Fixed cost Total cost $1.00 1,600,000 bags $400,000 $0.25 $0.40 $0.65…

A: Cost volume profit analysis is the technique used by the management for decision-making. The methods…

Q: D XYZ Company Balance Sheet Assets Liabilities Cash $35,000 Notes $45,000 Wages $56,000 Inventory…

A: Ratio analysis establishes a relationship between the two different items. It is used to evaluate…