The lower of cost or net realizable value rule is an application of ?(a) Matching principle (b) Monetary unit assumption (c) Going concern concept (d) Conservatism principle

Q: # general account

A: Step 1:First, calculate the increase in revenue: Increase in revenue = Additional units sold *…

Q: Total Manufacturing Cost?

A: Explanation of Direct Materials: These are raw materials that can be directly traced to and…

Q: Need help with this accounting questions

A: Step 1: Definition of Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) measures the time…

Q: Which of the companies below would be most likely to not use job- order costing? a. A contract…

A: The correct answer is:c. A chemical manufacturer  Explanation:Job-Order Costing:This costing method…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Average Payment PeriodThe average payment period (or Days Payables Outstanding…

Q: Don't use ai given answer accounting questions

A: Step 1: Calculation of equity before payment of dividendEquity before payment of dividend = Assets -…

Q: What is the firm's average accounts payable balance for this general accounting question?

A: Step 1: Define Trade CreditTrade credit is a way for a business to get money. A supplier gives…

Q: Subject:- General Account

A: Step 1:First, calculate the units started during the period: Units started = Units completed +…

Q: POI Company uses a job order costing system and has set a pre-determined overhead rate of 455% of…

A: Explanation of Pre-Determined Overhead Rate: The pre-determined overhead rate is a percentage…

Q: A delivery service recorded beginning petty cash of $500, received reimbursements of $1,200, and…

A: Concept of Beginning Petty Cash Balance: The beginning petty cash balance is the amount of cash…

Q: Financial accounting question

A: Step 1: Define The Yield on Stock InvestmentsStock investments consist of two types of yields -…

Q: Stockholder 's equity at the end of the year was??

A: Explanation of Stockholders' Equity:Stockholders' equity is the residual value of assets remaining…

Q: Blue Fin started the current year with assets of $840,000, liabilities of $420,000, and common stock…

A: To determine the change in total stockholders' equity during the year, we use the accounting…

Q: Hi expert please give me answer general accounting question

A: Step 1: Definition of Total Manufacturing CostsTotal Manufacturing Costs are the sum of direct…

Q: High value 2009 income statement would report net sales of?

A: Explanation of Net Sales:Net Sales represent the total revenue a company generates from selling…

Q: Compute the net income of this general accounting question

A: Step 1: Define Net IncomeNet income is computed by subtracting the cost of goods sold, operating…

Q: Provide correct option general accounting

A: Detailed explanation:Given:Selling price per unit $80Variable costs per unit, 55% of selling price…

Q: Hi teacher please help me this question general accounting

A: Step 1: Define Return On EquityReturn on equity can be determined using the basic formula or DuPont,…

Q: Hello tutor please provide correct answer general Accounting question

A: Note: The question has stated the purchase price per share as 531, but the sale price given per…

Q: Gross Profit?

A: Step 1: Calculation of Cost of Goods Sold (COGS)COGS = Beginning Inventory + Net Purchases - Ending…

Q: Step by step answer

A: Calculate the Net Change in Assets:Net Change in Assets=Ending Assets−Beginning Assets Net Change in…

Q: Provide correct answer general accounting

A: Step 1: Define Sales of A Target ProfitIn accounting, the level of sales (in dollars or in units) of…

Q: NO WRONG ANSWER

A: Explanation of Total Manufacturing Cost:Total manufacturing cost refers to the total cost incurred…

Q: Financial Accounting Question please answer

A: Step 1: Define Stock ReturnsStocks provide returns in the form of annual dividends and an increase…

Q: Provide correct answer general accounting

A: Step 1: Define Cash Inflows and OutflowsA cash stream that a person or a business house earns during…

Q: Kindly help me with general accounting question

A: Step 1: Definition Goodwill: The excess of purchase price over the fair value of net assets…

Q: Get correct answer accounting questions

A: Step 1: Definition of Contribution MarginThe contribution margin per unit is the amount from each…

Q: Kindly help me with accounting questions

A: Detailed explanation:Sales Revenue (2,900 units sold x $ 180 selling price each)  $ 522,000Less Cost…

Q: Need help with this accounting questions

A: Step 1: Definition of Structural Deficit and Cyclical DeficitStructural Deficit: This represents the…

Q: Hii expert please given correct answer general Accounting question

A: Step 1: Define Dividend YieldA stock's dividend yield refers to an expected rate of return…

Q: Do fast answer of this accounting questions

A: Step 1: Definition of Tax CalculationIncome tax in Australia is calculated based on progressive tax…

Q: Need Answer

A: Concept of Net Sales: Net sales represent the total revenue a company earns from its business…

Q: Price variance for August?

A: Explanation of Standard Inputs: Standard Inputs represent the predetermined quantity of resources…

Q: What was the firm's free cash flow?? General accounting

A: To calculate the firm's free cash flow (FCF), follow these steps: Formula for Free Cash Flow…

Q: Provide correct answer general Accounting

A: Step 1: Define Cost-Volume-Profit AnalysisThe Cost-Volume-Profit Analysis includes analyzing the…

Q: Don't use ai

A: Explanation of Overhead Cost: Overhead Cost represents all manufacturing costs that cannot be…

Q: Don't want ai Answer

A: Explanation of Net Income:Net income represents the profit a company earns during a specific period…

Q: General accounting

A: Step 1: Define Average Payment periodThe average payment period is the number of days it takes a…

Q: Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process.…

A: The question requires the determination of the net present value of cash flows or the present value…

Q: Financial accounting 1.2.24

A: Explanation of Total Labor Variance:Total labor variance measures the difference between the actual…

Q: Landis Company is preparing its financial statements. Gross margin is normally 40% of sales.…

A: To calculate the estimated ending inventory, we can use the gross margin method. This method…

Q: Hi, tutor solve this accounting problem

A: Explanation of Total Manufacturing Cost:Total manufacturing cost represents the total expenses…

Q: Financial accounting question

A: Step 1: Define Return on assetReturn on asset (ROA) is a company profitability ratio which measures…

Q: Solve this question general Accounting question

A: Step 1: Define Debt-to-Equity RatioThe debt-to-equity ratio measures a company's financial leverage…

Q: Webber Fabricating estimated the following annual hours and costs. Expected annual direct labor…

A: To calculate the predetermined overhead allocation rates, we use the formula: Predetermined Overhead…

Q: Need help with this accounting questions

A: Step 1: Information providedTotal manufacturing costs incurred during the year = $635,000Cost of…

Q: Recalculate net income for all three years using variable costing. General Account.

A: Key Information RecapSelling Price per Unit: $1,700Variable Production Costs per Unit: $900Fixed…

Q: How much was the cost of goods sold?

A: Concept of Beginning InventoryBeginning inventory refers to the value of a company's inventory at…

Q: The stockholder's equity of coastal industriea balance is as follows: please answer the general…

A: Explanation for a: Average price will be calculated as = (Common stock + Paid-in capital in excess…

Q: True or False: A company that incurred $1,000 in production costs reported cost of goods sold of…

A: Answer: False  Explanation:Let's analyze the statement step by step based on the cost of goods…