1. What are externalities?

Q: Your client, a carpenter, donated one of his handcrafted wooden desks to his church, a qualified pub...

A:                        As per IRS rules ,  when a doner donates donation in kind ,  then the doner c...

Q: Condensed financial data of Crane Inc. follow. CRANE INC. Comparative Balance Sheets December 31 A...

A: A cash flow statement indicates cash inflow and cash outflow information of a particular time period...

Q: t on the account is 10% compounded semi-annually, for how long does Laura have to deposit the money?...

A: The answer has been mentioned below.

Q: company has three shops (R, S and T) to which the following budgeted information relates:   Sixty ...

A: Budget will help to find any mistakes in planning, hence a business can take corrective measures and...

Q: Kassim Baba Company's inventory records show the following data for the month of September: Units Un...

A: Solution...     Units available  = 100 + 450 + 350  = 900  Units in hands = 200. Units sold  = Units...

Q: Louis spent $200 playing bingo at his church. Since the profits went to the church, Louis can deduct...

A: Games are generally organised by charitable institutions. Bingo is a game and which is organised by ...

Q: Emily Rose Company showed the following data: Preference share capital, par value P20, 100,000 share...

A: Shares: Shares are the units owned by company which are classified into two types, common shares or ...

Q: Jobs completed anc Job 110 P 15,000 P 25,000 Job 220

A: The journal entries and the schedules of gross profit or loss as,

Q: he following costs were incurred in February: Direct materials = PhP1,950,000 Direct labor = P...

A: Prime cost consists of direct material cost, direct labor cost & directly chargeable expenses. I...

Q: Jam Ltd acquired all the equity in Cab Ltd on 31 December 20X4 for $370 000. At the control date, th...

A: The intercompany sales are to be given effect for the unrealized profit. The intercompany purchase o...

Q: Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of ...

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

Q: Which of the following expenses apply to or may be claimed by cash basis taxpayers?  a. Depreciation...

A: Under a cash basis, the cash received and cash paid is considered for calculating the income and exp...

Q: Calculate the amount of discount paid. Ordinary EOM ROG

A: Discount is the amount of money which a buyer gets from the purchases which has been made by him or ...

Q: Telephone calls arrive at a global airline reservation office in Louisville according to Poisson dis...

A: Solution:- Given, Mean = μ = 3.5 calls 

Q: Posa Hotels, Inc., has a sixth-night-free policy. Every sixth night a guest stays at the hotel is fr...

A: Solution Working note- % Of one free night redeemed over total paid nights = (70%/5) = 14%. Revenue ...

Q: Provide two inherent risk factors in the revenue cycle and identify the accounts that are likely to ...

A: RCM (revenue cycle management) is a procedure used by healthcare systems in the United States and ar...

Q: describing a Limited Liability Partnership in which would be involved in. Indicate  specific provisi...

A: This is theory based question and we explain here Limited Liability Partnership in which would be in...

Q: William specializes in purchasing and selling of furniture, currently the business decided to sell a...

A: Special journals are those journal books which are used for accounting and recording of transactions...

Q: Baron Company adopted a defined benefit pension plan 0n January 1, 2018. The following information p...

A: Given as,

Q: REQUIRED: a. How much is the partnership profit during the period? b. Prepare a Statement of Partner...

A: Answer:

Q: A budget: A.is used to determine if a product should be continued or discontinued B.complies actua...

A: The budget is prepared by the business organizations so as to know the expected revenue and expenses...

Q: Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book...

A: The kind of assets which depreciates include building, plant machinery, and office equipment depreci...

Q: (a) What are long-term liabilities? Give three examples. (b) What is a bond?

A: Liability seems to be a debt owing by one firm to an individual or company who is not the owner of t...

Q: On October 1, 2019, Ball Company issued 9% bonds dated October 1, 2019, with a face amount of $200,0...

A: Journal is the book of original entry in which all the transactions relating to the business are rec...

Q:

A: Purchase price of Equipment: $4.2million  Useful life: 6years. Residual value $341 thousand  a) Depr...

Q: What amount should be credited to Share Premium when the rights in connection with the warrants were...

A: Share premium is the premium which has been paid by the shareholder in order to acquire or purchase ...

Q: In a process cost system, factory depreciation expense incurred is debited to ________.A. finished g...

A: Process costing seems to be a way of aggregating manufacturing costs by the process. It illustrates ...

Q: If cash is collected at the sale: A.the operating cycle will be longer than if sold on credit B.the ...

A: Lets understand the basics.  Operating cycle is a company's cycle from the investing cash into raw m...

Q: At the beginning of the year, Custom Manufacturing set its predetermined overhead rate using the fol...

A: 1) Calculation of predetermined overhead rate using estimated direct material costs :- Predetermined...

Q: Prepare the necessary journals for the given transactions 1. Cash paid to Sara BD 600 2. Sold Furnit...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: Requirement: 1. Compute the Economic Order Quantity. 2. Prepare the table which the entity can procu...

A: EOQ : Economic Order Quantity is one of the popular methods of Inventory Management. At this level o...

Q: Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cas...

A:    January   February   March  Beginning Cash Balance  $     40,000  $     40,000  $   69,746 Ca...

Q: he föllówing inventory data relate to Abner Corporation.

A:                                  In this problem we can calculate direct material purchased from add...

Q: Pls answer this question with solutions. In 20x1, LUMINOUS SHINING Co. recalled a product due to a p...

A: Provision is recognized at the reasonable estimate of the probable loss.

Q: A. G Company manufactures two products: Product S and Product T. During January, 50 units of Product...

A: Lets understand the basics. For calculating overhead rate, we will need to use below formula. Overhe...

Q: Prepare journal entries to record the following transactions. Create a T-account for AccountsPayable...

A: Accounts payable (AP) seems to be a financial term that refers to the money owing to vendors or supp...

Q: Discuss how the lease liability would be measured at lease inception.

A: Lease Liability is the present value of the financial obligation of the lease for the lease payments...

Q: Use the information provided to create a standard cost card for production of one glove box switch. ...

A: A standard cost card specifies the typical amount of materials, labour, and overhead required to mak...

Q: c. Purchased Php2,500 worth of supplies on accounts (on credit) d. Returned defective piece of equip...

A: Assets = Liabilities + Owner’s equity

Q: ABC Ltd has the following land and buildings in its financial statements as of 30 June 2022: Residen...

A: Revaluation of Assets means a change in the market value of assets, whether it is increasing or decr...

Q: Moisha is developing material standards for her company. The operations manager wants grade A widget...

A: Since actual costs could not be predicted in advance, standard costs represent approximations of the...

Q: Your examination of Sullivan Company’s records provides the following information for the December 3...

A: The practice of recording financial activity for the first time in the accounting records is known a...

Q: As practice manager, you are asked by the owner physicians to prepare a preliminary budget for addin...

A: Preliminary Budget means the draft budget submitted for initial consider- ation by the Commission, w...

Q: restment for each all projects is eg

A: A) 4 & 5: Profitability index is a calculation that divides the current value of expected antici...

Q: Statement 1: Cost of inventories or supplies are deducted from gross income when purchased or acquir...

A: Inventories form a part of assets of the entity and represent the stock of raw material, work in pro...

Q: When we get a line of credit from the bank Check All That Apply a)Assets increase b)Expenses Increa...

A: The assets are the accounts owned by the business.  The liabilities are the amount due to be paid to...

Q: Hamlet House makes portable garden sheds that sell for $1,800 each. The tax rate for the company is ...

A: The break even sales are the sales where business earns no profit no loss during the period. The con...

Q: Tackett Company sells a single product for $75 each. the variable costs are $45 each. Total fixed co...

A: Formula: Contribution margin per unit = Sales price per unit - variable cost per unit

Q: Love company included one coupon in each package sold. A premium is offered to the costumer who send...

A: Dear student as per bartleby guideline we are supposed to answer only 3 subparts of the question. Ki...

Q: All items of gross income, legitimate or not, are taxable unless exempted by law or treaty. Statemen...

A: c. Only statement 1 is true

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.