Chapter 1, Problem 17E

What is the correct answer with accounting question

1.    How can an accounting system help you find anomalies or variances in financial data? 2.     Assume you calculated a financial ratio variance of 2x the usual balance for accounts receivable. Why did you calculate a financial ratio variance of 2x the usual balance? 3. You are a small company that calculates a normal current ratio at 1.95. This period the current ratio is only 1.45. Why has the ratio decreased?

Please give me true answer this financial accounting question

Yankee Fixtures has received a special one-time order for 1,800 light fixtures at $4.50 per unit. Yankee currently produces and sells 6,000 units at $6.00 each. This level represents 80% of its capacity. Production costs for these units are $3.20 per unit, which includes $1.30 variable cost and $1.90 fixed cost. To produce the special order, a new tool must be purchased at a cost of $1,400 with zero salvage value. Management expects no other cost changes as a result of the additional production. If Yankee wishes to earn $1,300 on the special order, how many units would need to be sold? (Round your answer to nearest number)

Please show me the correct way to solve this financial accounting problem with accurate methods.

Please explain the correct approach for solving this general accounting question.

Can you help me solve this financial accounting question using valid financial accounting techniques?

A piece of equipment that was originally purchased for $29,400, had accumulated depreciation of $19,150, and was sold for $9,200, would recognize a gain of $1,500. a. True. b. False.

The balance sheet of Armani Systems at December 31 showed assets of $75,000 and shareholders equity of $45,000. What were the liabilities at December 31? a. $40,000 b. $30,000