Which of the following cannot be encashed but instead merely deposited? stale checks post dated checks dishonored checks crossed checks

Q: 2-Olaf Inc. received a check from its underwriters for $83 million. This was for the issue of one…

A: In a fresh stock offering, the underwriter acts as a middleman between the company intending to…

Q: mma Consulting had previously purchased 2838 shares of treasury stock for $7 per share. Emma then…

A: Solution: Treasury stock are the stock which are purchased by the company of its own shares. These…

Q: Is it right to avoid taxes as much as you can?

A: Taxation- The laws and regulations that govern the financial services industry are referred to as…

Q: On a corporate income statement, income from continuing operations a. will exceed net income. b.…

A: Income from continued operations is the income which is calculated after subtracting operating and…

Q: In community what are the examples of decisions or questions that can be supported by accounting…

A: Ans. Accounting information helps in decision making in many ways. Some of them are discussed as…

Q: 4,600 Units in BWIP X Fraction to Complete (60%) 840 Units in EWIP X Fraction Complete (4,000 X 60%)…

A: The word "First-In, First-Out" is "First-In, First-Out." It's a method for calculating the cost of…

Q: Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:…

A: GIVEN   Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:      20Y5…

Q: If you have a taxable income of $372,570.00, what is your total tax bill? $ average tax rate? %

A: Tax is the amount charged by the government to the individual or organizations on the income earned…

Q: The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is a. $28,520.…

A: Total interest paid = Interest paid + Discount on bonds where, Discount on bonds = Face value of…

Q: Outstanding cheques were # 421 for $157, #485 for $257, # 492 for $167, and #494 for $1,157.Cheque…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: On January 2, 2021, A Corporation offers to sell a P100,000 bond coming due in 10 years. The bond…

A: Interest expense is calculated by taking the beginning period carrying value by the yield rate. In…

Q: Use the following to answer questions 27 34 Miracle Corporation reports the following amounts in its…

A: I am answering the first three sub-parts of the question as per bartleby guidelines. Please…

Q: Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, All…

A: Variance is considered as the difference between budgeted value and actual results. The management…

Q: the unearned interest is credited in the adjusting entry, which of teh following will be affected?…

A: When Unearned Interest is credited, the following adjustment entry will be made: Account Titles…

Q: On January 1, 2017, NBM Corporation acquired machinery at a cost of ₱500,000. BMB adopted the…

A: As per IAS 8, Accounting policies, changes in Accounting estimates and errors  A change in method of…

Q: 32.In a work sheet, net income is entered in the following columns:   a. Income Statement (Dr) and…

A: The worksheet represents the different statement such as adjuted trial balance, income statement and…

Q: Unit Cost and Cost Assignment, Nonuniform Inputs Loran Inc. had the following equivalent units…

A: 1. Determination of the unit cost for materials, for conversion, and in total for the fabrication…

Q: On January 1, 2017, Nobel Corporation acquired machinery at a cost of ₱800,000. Nobel adopted the…

A: Depreciation is expense. Expense reduce the net income due to which less tax required to be paid.…

Q: Corristan Company purchased equipment and incurred these costs: Cash price $24,000 Sales taxes 1,200…

A: Sales Taxes- Sales Tax is a form of tax paid to a leading body for the sale of goods and services.…

Q: The marginal cost of a unit is its ----------.   Variable Cost Absorption Cost Fixed Cost Non…

A: Marginal cost is the cost incurred to produce additional unit or to render additional service.

Q: A company issued 60 shares.of $100 par value common stock for $7,100 cash. The journal entry to…

A: Lets understand the basics. Journal entry is required to make to record event and transaction occur…

Q: Wahid had earned income of $250,000 in 2020. Wahid's pension adjustment was $12,000. How much can…

A: Registered Retirement Savings Plan (RRSP) is provided by Canadian government which allows tax free…

Q: Lily Company needs to determine the amount of inventory in its warehouse at the time that an…

A: Cost of goods available for sale = Beginning inventory + purchases Cost of goods sold = Sales -…

Q: Whispering Winds Corp. sold $5,900,000, 11%, 15-year bonds on January 1, 2022. The bonds were dated…

A: The bonds are the financial instruments used by the business to raise money from the market or other…

Q: e business activities

A: The financial statement is the major in accounting.

Q: 17.Which of the following accounts might be placed first in a proper journal entry?   a Cash, when…

A: The journal entries are prepared to keep the record of day to day transactions of the business.  For…

Q: Accounts Receivable of the Fakler Manufacturing Co. on December 31, 1984, had a balance of…

A: The allowance for doubtful accounts is created to record the balance for estimated bad debts…

Q: On December 1, 2000, Marimar, a lessee paid P 18.000 to XYZ Company representing the rent for 3…

A: Lease is a legal agreement by which a person gives his asset to another person for a specified…

Q: 8. Choose the best scenario when the price level falls: * When the money supply falls, the interest…

A: Inflation occurs due to various factors related to supply of money in the economy and the costs of…

Q: 29.Which of the following accounts would not be closed to the income summary account at the end of a…

A: The closing entries are prepared at year end to close the temporary accounts of the business.

Q: DUse the following to answer questions 18 - 22 Attention Men's Wear, Inc. Balance Sheet…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: The list of vouchers Shoppe at December 31 is as follows: Vendor Invoice Date Amount Hagrid…

A: Reconciliation in the books of accounting is a very essential part because each transaction passes…

Q: Which of the follovwing errors cannot be detected by the trial balance? a Incorrect accounts were…

A: Trial balance: Trial balance is a record drafted after completing the posting of all the journal…

Q: Create Journal entry, T-accounts, and financial statements (Income Sratement, Statement of Retained…

A: Journal entries are recorded as first step of accounting  then we prepare ledgers  Then trail…

Q: This year, the Tastee Partnership reported income before guaranteed payments of $263,000. Stella…

A: The question is related to the Partnership Accounting. The details are given regarding the same.

Q: What is companies net income? The following information is given to you relating to the operations…

A: Solution:- Preparation of the net income of the company as follows under:-

Q: A company made an additional (incremental) income of $10,000 during the last week of the year. This…

A: Answer:-  Tax liability definition:- Tax liability is the mount of money owed to tax authorities in…

Q: Problem 17-2O Payout Policy (LO3) Little Oil has outstanding 1 million shares with a total market…

A: The question is based on the concept of Financial Accounting. As per the Bartelby guidelines we are…

Q: Paradise Company plans the following beginning and ending inventory levels (in units) for June: June…

A: The units required to be manufactured can be calculated units sold plus the change in inventory of…

Q: The City of Waterman established a capital projects fund for the construction of an access ramp from…

A: Capital project fund: Capital project fund is a type of government fund which records all the…

Q: The following information is given to you relating to the operations of PrincehallCorporation: The…

A: Income from operations only only the income and expenses which are related to the business…

Q: You plan on starting a lawn mowing business by investing $700 of your own money and purchase $500 of…

A: Depreciation refers to the reduction in asset value resulting from factors such as wear and tear and…

Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…

A: A journal entry appears to be a method of tracking all of a company's individual financial…

Q: The following selected amounts are available for Tamarisk, Inc. Retained earnings $3700 (beginning)…

A: Ending Retained earnings  = Beginning Retained earnings- Net loss - cash dividend declared - stock…

Q: Perry Company sells 3,000 units of its product for $ 500 each in 2021. The selling price includes a…

A: Calculation of Estimated Warranty Liability on December 31, 2021    Amount  Estimated Warrant…

Q: Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in…

A:

Q: A small business has determined that the machinery they currently use will wear out in 17 years. To…

A: The question is based on the concept of Financial Management.

Q: Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in…

A:

Q: the end of 5 years you estimate its selling price to be $1,500.00. Another used r N costs $6,000.00…

A: Concept of  Discounted Cash flow Evaluation of Projected Cash Flow

Q: First Class, Inc., expects to sell 22,000 pool cues for $12.00 each. Direct materials costs are…

A: Number of units to be produced  in 2019 = Expected sales + Ending inventory of finished goods -…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.