under: 1. FIFO 2. Weighted Average

Q: Define the term Current ratio with example.

A: Ratio analysis: It is the financial analysis tool for measuring the profitability, liquidity,…

Q: Define Total comprehensive income

A: Comprehensive income includes both net income and unrealized income or losses on financial…

Q: How do I compute for the Started,completed, and transferred-out in Weighted Average EUP?

A: Started units are units at total number of units at the start of the process. Completed and…

Q: Briefly describe the connection and the difference between CAPM and Single Index Model (SIM).

A: Capital Asset Pricing Model or CAPM referred to as the relationship between the systematic risk and…

Q: investment securities for $5, 15,400 on a two-year, 8 per= 7, sold machinery for its ca machinery…

A: 1 Statement  of cash flows      For the year ended Dec 31 2017   Cash flow from operating…

Q: Define Horizontal analysis

A:

Q: Describe in detail about the 3 measurement attributes employed in GAAP.

A: There are three measurement attributes employed in GAAP: Historical Cost Net Realisable Value…

Q: Describe three services offered by a factoring compan

A: The problem statement focuses on identifying the different services offered by the factoring…

Q: Define the term Markel/book ratio?

A: Different financial valuations metrics will be used to evaluate and to understand the company’s…

Q: What is factoring?

A: Accounts receivable: It can be defined as the amount owed by the customers from the business for the…

Q: Describe the format used to report the components of net income.

A: Net income: Net income is the excess amount of revenue after deducting all the expenses of a…

Q: What are the 4 sources of Regular Output VAT?

A: The four sources of regular output VAT (Value Added Tax) are: Sales of goods or services: When a…

Q: The Financial position graph is suitable for Select one: O a. Data Input O b. Data Process O c.…

A: Financial Position depicts the position and status of recorded assets, liabilities, and equity of…

Q: Explain the following terms.(a) LIFO layer.(b) LIFO reserve.(c) LIFO effect

A: (a) LIFO Layer: LIFO Layer refers to a portion of cost in an inventory costing system that follows…

Q: I nee the statement COGM, COGS and income statement

A: Income statement (IS) refers to the statement which states the income as well as loss which is…

Q: Giving two circumstances in which Gaining ratio may be applied.

A:

Q: Explain gaining ratio

A: Introduction:- Gaining ratio may be defined as Gaining ratio is a type of financial tool, which…

Q: where's the total net income under scenario b?

A: Gross Profit = Sales - Manufacturing Expenses Net Income = Gross Profit - Non Manufacturing…

Q: Explain what is meant by the phrase matched with revenues

A: The term matched with revenues means to recognize expenses in the same period as the related…

Q: Discuss the different types of income

A: Income can be described as the money or value received for the sale of goods or provision of…

Q: differentiate and give illustrations of the difference between FIFO and Weighted Average.

A: Inventory Valuation - There are three method using which company can value their inventory a. FIFO…

Q: Define current ratio.

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: balance sheet of above solution

A: Balance Sheet: It is one of the financial statement which list organization's assets, liabilities,…

Q: What is the difference between a PL and a balance sheet?

A: Balance sheet records the assets and liabilities of the firm at a point in time. P&L account or…

Q: Direction: Give at least three (3) differences of IFRS for SMEs and Full IFRS EXPLAIN

A: SOLUTION- INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)-  ITS IS A SET OF RULES AND GUIDELINES…

Q: The amount reported for comprehensive income   Select one: is the same as net income. is…

A: The objective of the question is to understand the relationship between comprehensive income and net…