The reliability of audit evidence can be determined by? What about External evidence?

Q: The chart of accounts is a listing of the accounts presently having balances in the general ledger.…

A: FalseExplanation:The Chart of Accounts (COA) is a listing of all accounts available for use in a…

Q: I'm waiting for Answer

A: Concept of Accounts Receivable:Accounts receivable refers to the total amount of money owed to a…

Q: What is the goal of cost accounting? Explain it

A: The goal of cost accounting is to track, analyze, and control costs associated with production,…

Q: Please provide problem with accounting

A: Step 1: Definition of Percentage ChangePercentage Change: It is a financial metric used to measure…

Q: How much is the amount of gross profit for the year

A: Concept of Finished Goods Inventory:Finished goods inventory refers to the value of products that…

Q: Evergreen Corp. has a current accounts receivable balance of $625,000. Credit sales for the year…

A: a) Receivables Turnover RatioThe receivables turnover ratio measures how many times a company…

Q: I need answer financial accounting question

A: Step 1: Define Rate of ReturnRate of Return refers to the gain or loss made on an investment over a…

Q: Can you help me with this question answer general accounting?

A: Step 1: Definition of Return on Capital Employed (ROCE)Return on Capital Employed (ROCE) is a…

Q: ?? Financial accounting

A: Step 1: Definition of Dividend YieldDividend yield is a financial ratio that shows how much a…

Q: ?? Financial accounting

A: To calculate the dividend yield, use the formula:Dividend Yield=(Annual Dividends per Share/Market…

Q: Hello experts solve this qn

A: .Answer to 1.1.13The correct answer is:b) Relative sales value methodThe allocation of joint product…

Q: What is the labor rate variance for June on these general accounting question?

A: Step 1: Define Labor Rate VarianceLabor Rate Variance measures the difference between the actual…

Q: Calculate the Days sales in receivables for upton manufacturing for

A: Concept of Net Sales:Net Sales refers to the total revenue a company earns from selling its goods or…

Q: A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per…

A: Solution: To solve this pricing problem, it is necessary to find the fixed costs, recalculate the…

Q: Hi expert please given correct answer accounting

A: Step 1: Definition of Inventory TurnoverInventory Turnover is a financial ratio that measures how…

Q: Answer? ? Financial accounting question

A: To calculate the equity dividend rate using the band of investment technique, here's the…

Q: Financial accounting

A: Step 1: Definition of Units of Activity MethodThe Units of Activity Method (also called the Units of…

Q: Summit Corp. has an earnings per share (EPS) of $15. The stock is currently selling for $180 per…

A: The price/earnings (P/E) ratio is calculated using the formula:P/E=Price per Share/Earnings per…

Q: Miller Corporation purchased Elvis Enterprises for $750,000 cash. The fair market value of Elvis's…

A: Explanation of Purchase Price:The purchase price is the total amount that Miller Corporation paid to…

Q: what is the overhead at the end of the year?

A: Step 1: Definition of Overhead VarianceOverhead variance is the difference between the applied…

Q: Which of the following represents the accounting equation?a) Assets = Liabilities + Equityb) Assets…

A: the correct answer is:a) Assets = Liabilities + EquityExplanation:The accounting equation is the…

Q: Can you help me with accounting questions

A: Step 1: Calculate Net Credit SalesNet Credit Sales = Credit Sales - Sales Returns= $3,400,000 -…

Q: General accounting question

A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that…

Q: Financial accounting

A: Explanation of Tenant Days: Tenant days represent the kennel's measure of activity, where each…

Q: General accounting question

A: Step 1: Definition of Expected Cash ReceiptsExpected Cash Receipts refer to the total amount of cash…

Q: Please help me correct the wrong answers:Depreciation expense cant be: 11k or 12,625

A: The depreciation expense for 2024 is calculated using the straight-line method. The formula for…

Q: the after-tax income?

A: To find the after-tax income, we need to calculate the tax expense and subtract it from the…

Q: Franklin Auto Works uses a job order cost system. Overhead is applied to jobs on the basis of direct…

A: To determine the overhead application rate, follow these steps:Step 1: Calculate Direct Labor Hours…

Q: Hi expert please give me answer general accounting question

A: Step 1: Definition of Budgeted Cash PaymentsBudgeted Cash Payments are the estimated cash outflows a…

Q: Need help with this question solution general accounting

A: Step 1: Analysis of information givenBeginning Cash Balance (at March 1, 2023) = $78,000Cash…

Q: Sub: accounting

A: Concept of Accounts ReceivableAccounts receivable represents the total amount owed to a company by…

Q: Solve this accounting question i need help today.

A: 1.1.13 Answer: b) Relative sales value method (This method is commonly used to allocate joint…

Q: The Tin company uses the straight-line method to depreciate its equipment. On May 1, 2018, the…

A: Step 1: DefinitionsStraight-Line Depreciation:Straight-line depreciation is a method used to…

Q: Everlast Manufacturing uses a standard cost system. • Standards call for 2.5 direct labor hours per…

A: To calculate the direct labor efficiency (usage) variance, we use the following formula:Direct Labor…

Q: 5 PTS

A: Step 1: Identify Given InformationTotal number of shares sold = 520Total proceeds from selling the…

Q: What is the amount of straight-line depreciation for year 2 if the useful life of an asset is 6…

A: Step 1: Introduction to depreciationDepreciation is referred to a method of expensing the cost of a…

Q: What is the prime cost per unit?

A: Explanation of Direct Materials:Direct materials are the raw materials that become a physical part…

Q: Provide Answer

A: Concept of AssetsAssets are the economic resources owned or controlled by a company that are…

Q: prob. financial account

A: Step 1: Definition of Gross ProfitGross Profit is the difference between a company's net sales and…

Q: Brookfield Technologies provides the following Financial information

A: Concept of Net Income:Net income represents the company's total profit after subtracting all…

Q: What is the book value?

A: Step 1: DefinitionsExplanation of Straight-Line Depreciation:Straight-line depreciation is a method…

Q: General accounting question

A: Step 1: Definition of Units-of-Production DepreciationUnits-of-production depreciation is a method…

Q: Bright Electronics Corporation applies manufacturing overhead on the basis of labor-hours. At the…

A: Step 1: Definition of Applied Manufacturing OverheadApplied Manufacturing Overhead refers to the…

Q: hi expert please help me

A: ✅ Summary Answers:Profit per share (EPS): $5.00Payout ratio: 15%

Q: ans

A: To calculate the break-even point in bags, we'll use the following formula:Break-Even Point (BEP) =…

Q: hi expert please help me

A: The accounting equation is:Assets = Liabilities + EquityGiven:Assets = -$8,000Equity = -$3,000To…

Q: Determine the two limits to Market value

A: Explanation of Historical Cost: Historical cost represents the original purchase or acquisition cost…

Q: can you help me with this General accounting question

A: Step 1: Define Net IncomeNet income is the profit earned by a company after deducting all related…

Q: Solve this financial accounting problem

A: Explanation of Contribution Margin: Contribution margin represents the portion of sales revenue that…

Q: Subject is general account

A: Step 1: Definition of Cost AllocationCost allocation is the process of identifying, aggregating, and…