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Q: Deja owns a photo printing business and wants to purchase a new state-of-the-art photo printer that ...

A: Promissory note (PN) is one of the source to arrange the funds for short period and it can be discou...

Q: Davidow​, Inc. is a privately held furniture manufacturer. For August 2020​, Davidow had the followi...

A: Variance analysis: Variance analysis can be defined as the calculation of the difference between the...

Q: so at the end of the accounting period on january 31. 1 month of rent had expired at $8.00. since mo...

A: Prepaid expenses are those expenses which are paid in current period but these are related to future...

Q: Estimating Doubtful Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the...

A: Allowance for doubtful debts is considered as the contra asset item i.e used to decrease the value o...

Q: Hardley sells mamburgers. He faces fixed costs of $18,000 per month and variable production and mark...

A: The combination that produces the most profit by comparing should be selected.

Q: What is the non-controlling interest on December 31?

A: A merger is a process in which one company acquires control over the other company and the assets an...

Q: Hardley sells mamburgers. He faces fixed costs of $18,000 per month and variable production and mark...

A: given that, Fixed cost = $18000 Variable cost per unit = $2   Hardly should select the combination w...

Q: ohn invested S12,000 in the stock of Hyper Cyber Eight years later, Hyper Cyber's shares reached $12...

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...

Q: 1. Compute the annual net cost savings promised by the automated welding machine. 2a. Using the data...

A: Annual net cost savings = Annual saving due to replacement of six welders + Annual reduction in mate...

Q: 1. An industry employees 450 workers during the month of Decemcber 2019.The following arethe details...

A: Total cost = Cost of material + ( Normal wages + Overtime wages ) + Overhead cost   Man hour rate on...

Q: provide working notes     Elite Home Decor manufactures customized household furnishings. The compan...

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS     ans 1 Predetermined Manufacturing overhead rat...

Q: Two departments; WAAlways Christmas makes artificial Christmas trees in two departments: Cutting and...

A: Units transferred from cutting department to Boxing department: Beginning units of cutting departmen...

Q: TESCO is a British multinational groceries and general merchandise retailer with headquarters in Wel...

A: Since, there is no information regarding opening inventory, thus, the same has been considered to be...

Q: 1. Which of the following is TRUE? a. When the tax law is vague or ambiguous, it is to be interpret...

A: Tax is a value which is charged by a country's government or authority on the income sources of the ...

Q: Help with what formulas were used in this excel spreadsheet.

A: With formulae:

Q: The following is information related to the shares of the JFC Company at the beginning of 2018 (duri...

A: Dividend distribution is a method of distributing profit among the stockholder of the organization. ...

Q: Narvaez invested P 400, 000 for a one- fourth interest in a partnership in which the other partners ...

A: The partnership comes into existence when two or more partners agrees to do the business and share t...

Q: The Francine Company, a merchandising firm, has planned the following sales for the next four months...

A: Cash Budget: It is the estimation of cash inflow and disbursement during a particular period.   

Q: at january 31 mookie the beagle concierge has incurred $110 of accounting services for assistance wi...

A: The adjustment entries are prepared at the year end to adjust the profits and losses of the current ...

Q: Marigoid, Inc. currently manufactures a wicket as its main product. The costs per unit are as follow...

A: When business has alternatives of either manufacturing the product in house or purchase from outside...

Q: Bank A offers accounts that pay 5% compounded daily and Bank B offers accounts that pay 12% compound...

A: Particulars Bank A Bank B Deposit Amount 12000 12000 Rate of Interest 5% 12% Compounding  Dail...

Q: Under a just-in-time inventory system, management strives to O None of the answers are correct. carr...

A: Answer is = Have inventory available when it is needed.

Q: The following information is related to the defined benefit pension plan of Avalanche Corporation fo...

A: Expected return on Plan assets = Plan assets (fair value), January 1 x Long-term expected return on ...

Q: Problem 2: An accountant must be familiar with the concepts involved in determining earnings of a bu...

A: The reasoning for perceiving costs as costs at the hour of item sales depends on the way that a few ...

Q: Accounting Question

A: Contribution margin income statement shows variable costs and fixed costs in such a manner so that f...

Q: 2

A: Equivalent units are the uncompleted units in production which are considered as completed units.

Q: Prophet Company signed a long-term purchase contract to buy timber from the U.S. Forest Service at $...

A: Ethical issues arise when some circumstances, events or actions result in a conflict with generally ...

Q: Read CA9-7 Ethics (Purchase Commitments) in the end of chapter materials  in the e Text. Please answ...

A: (a)  What are the ethical issues, if any?   (b)  Is any particular stakeholder harmed by the financi...

Q: Hernández Company tiene 560,000 acciones comunes en circulación con valor par de $10. El 2 de enero ...

A: The question is based on the concept of Corporate accounting

Q: (Prepared from a situation suggested by Professor John W. Hardy.) Lone Star Meat Packers is a major ...

A: The question is based on the concept of business analysis.

Q: Distinguish between standard costing and Budgeting.

A: The main difference is that standard costing is a unit concept in which standards are set for all co...

Q: Accounting Question

A: A segmented income statement is important for management to analyze the performance of each segment.

Q: Sunrise Company reported the following shareholders' equity on December 31, 2019: Preference share c...

A: Equity shareholders are the owner of the company whereas, preference share holder get the preference...

Q: 1. Compute the project profitability index for each project. 2. In order of preference, rank the fou...

A: Capital budgeting is used to evaluate the projects. With the help of capital budgeting, the organiza...

Q: Question 3: KLM Co. had the following information in 2020: 32000 15000 21000 55000 Issuance of commo...

A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by...

Q: Differentiate the following terms - External and internal information

A: Internal data is information generated from within the business, covering areas such as operations, ...

Q: How much should be recorded as the purchase price of theindividual PPE items: For items 13 to 17, id...

A: Property, plant and equipment are those non current assets that cannot be sold readily and it includ...

Q: The Mojave Water Agency (MWA) sets water policy and water rates for a desert area that faces a sever...

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...

Q: Given the following data: Fixed overheads £40,000 Selling price Variable cost per unit £6 £4 If the ...

A: New selling price = Current selling price x 1.50 = 6 x 1.50 = 9 per unit

Q: Multiple choice 1. In view of the powers vested by the Tax Code to the Commissioner of Internal Reve...

A:   Tax:- A tax is the compulsory payment which is imposed by the government on Income and capital gai...

Q: 2 From the following prepare stores ledger records for product X using Receipts Total Cost 3 Issues ...

A: Inventory Valuation  1. FIFO  2. LIFO  3. AVOC 

Q: Explain management’s responsibility for ethical financial reporting and describe the basic component...

A: Management is liable for coverage and business the monetary data attributable to the subsequent reas...

Q: You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door ope...

A: working note: 1 FAB corporation         Activity variances         For the month ended M...

Q: If the prime cost 35 350 ID., Manufacturing overhead 6 000 ID., beginning finished goods inventory 2...

A: Prime cost refers to that cost which is related to the production of the product. It includes the co...

Q: What is a computerized accounting system? Write its advantages and disadvantages?

A: Computerized Accounting System It is a system where accounting Transactions are recorded using a com...

Q: Journalizing Sales Transactions Enter the following transactions in a general journal. Use a 6% sale...

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of journ...

Q: TB MC Qu. 10-68 Thomas Enterprises... Thomas Enterprises purchased 65,200 pounds (cost = $521,600) o...

A: Direct Material Price Variance: Direct Material Price Variance is the result of deviation actual pri...

Q: The budget officer of the Department of Social Welfare and Development (DSWD) was granted a cash adv...

A: The Department of DSWD was granted a cash advance in the amount of P15,000 to its budget officer to ...

Q: Pamela in Bamplona makes bull-repellent scent according to a traditional Spanish recipe, which norma...

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost, a...

Q: please see image.

A: In absorption costing , fixed manufacturing overhead will be included in stock valuation where as in...