A positive value for EFN means that the company needs to? A) Sale items B) close the company c) Borrowing D) short-term investment

Q: Sub Zero set the annual rental to ensure an 8% rate of return. The freezer has an economic life of 8…

A: Journal entry shows the recording of transactions during an accounting year and every transaction…

Q: Under absorption costing, a company had the following per unit costs when 10,000 units were…

A: Formulas: Break-even point = Fixed costs /Contribution margin per unit  where, Contribution margin…

Q: What is the difference between current and quick ratio

A: Introduction: Financial ratios, often known as accounting ratios, compare a company's financial…

Q: ABC Corp sold goods with a list price of P100,000 on terms of 10%, 3/10, 1/15 n/30. Based on…

A: Under the gross method, the accounts receivables are recognized as listed price less trade discount.…

Q: MORGAN Merchandising is preparing its Production Budget for the 3rd Quarter of 2020. Its Sales…

A: Production Budget Template: Estimated Sales for the Quarter XXX Add: Desired Ending Inventory…

Q: StudentCo Consulting in Manitoba has seven employees with total gross earnings of $623,800.00 and…

A: Introduction: The total amount of income made by a person or a corporation over a period of time is…

Q: Distinguish between qualitative and quantitative decision analys

A: As per the guidelines, only one question is allowed to be solved so I am answering the 2nd question…

Q: On Jan, 1, 20X1 ABC Corp sold equipment with a cost of P20,000,000 and accumulated depreciation of…

A: Notes Receivable It is important to calculate the present value of the notes receivable which can…

Q: Lucky Food Stores wishes to prepare a cash budget for the month of April, 2022. Total Sales for…

A: Solution: Budgeted cash expenses for April 2022 = Budgeted purchases + Budgeted total expenses -…

Q: wealth

A: Every person in his life makes asset and owe some liabilities. We try to maximize our wealth my…

Q: Name three different methods of tracking and costing out inventory.

A: Introduction: The term inventory refers to both raw materials used in manufacturing and completed…

Q: Baggage Solutions Ltd manufactures top of the range luggage bags that are extremely light weight,…

A: Accounting concepts refer to the rules and regulations laid down in order to provide a guide to the…

Q: Mcmurtry Corporation sells a product for $170 per unit. The product's current sales are 12,800 units…

A: The margin of safety is part of cost volume profit analysis. It indicates the actors of actual sales…

Q: n of the ceiling of the hall was in need of repairs, decided to replace the whole of the ceiling…

A: 1. Facts of the scenario : Because a section of the ceiling in the Cinema hall needed to be…

Q: Bristo Corporation has sales of 1,250 units at $60 per unit. Variable expenses are 40% of the…

A: Formula used : Degree of operating leverage = Contribution margin / ( Contribution margin - fixed…

Q: The focus in capital budgeting is on   a. Favorable and unfavorable variance   b. Expenses under…

A: Capital budgeting :- It is process in which different long term investment proposal are evaluated…

Q: Dynondo incorporated planned to use materials of 8 per unit but actually used materials of $16 per…

A: Ans. A flexible budget variance is calculated by comparing the cost per unit while budget is made…

Q: 4. Using the activity-based product costs as the standard, comment on the ability of departmental…

A: 1. Calculation of overhead cost per unit for each product using a plantwide rate based on direct…

Q: Iron Company has the following property items at December 31, 2021: Particulars / Acquisition (CV) /…

A: As per IAS – 40, an investment property will be a land or a building or part of a building or both…

Q: d. Double Declining Balance Method. BVs=P26,214.40 e. Sum of the Years Digit Method. BVs=P25,454.55…

A: Explanation of the concept In the present problem, we need to calculate the depreciation as per the…

Q: Howard's Supply Co. suffered a fire loss on April 20, 2021. The company's last physical inventory…

A: Inventory is considered as current assets of the company. It is considered as most valuable asset as…

Q: Q66. A, B and C were partners in a firm sharing profits in the ratio of 2:2:1. Cwas guaranteed to be…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: In a Master Budget, where the overhead allocation rate is based on direct labor hours, the…

A: Manufacturing overhead means all type of indirect costs being incurred on the production and…

Q: ABC Corp accounts receivable, beginning and ending balances were P80,000 and P100,000, respectively.…

A: Credit sales = Ending accounts receivable + Write offs + Collections - Beginning accounts receivable

Q: Batik Company presents the following summarized balances of its projected 2021 balance sneet:…

A: calculation of external fund batik company needs are as follows

Q: B00,000.00 5,000,000,00 900,000.0 300,000.00 1,500,000.00 350,000.OC

A: Taxable income is the income which is calculated by adding income from all sources and exempted…

Q: MEERA LTD. Comparative Statements of Financial Position December 31…

A: A cash flow is one of a firm's financial statements that describes cash flows into and out of the…

Q: Top management is trying to determine which would be the best choice of the following   investment…

A: Residual income can be calculated by deducting return on investment from operating income.

Q: MORGAN Merchandising is preparing its Production Budget for the 3rd Quarter of 2020. Its Sales…

A: Lets understand the basics. Management prepares master budget and various budgets based on the…

Q: b) Suppose that you observe the following information in Table 2 for stocks A and B: Table 2…

A: Single index model: Ri=αi+βiRm+ei Ri=excess return over risk free rate

Q: 4.2 Accounting Agency Corporation provides primarily two kinds of services: accounting and tax.…

A: Breakeven sales revenue is that level of sales at which business is only recovering it's fixed costs…

Q: Hendrickson Inc. ended the current year with Revenues of $245,459 COGS of $123,492 Wage Expense of…

A: Net profit = Revenues - COGS - Wage expense = $245,459 - $123,492 - $52,770 = $69,197

Q: Prepare journal entries for the following transactions that took place during the year, 2021:   a.…

A: Journal entries are the basic method of recording financial transections. These are used to prepare…

Q: Inventory valuation is the cost associated with an entity's inventory at the end of a reporting…

A: Introduction: Inventory is a type of asset that is also sold during normal business operations.…

Q: Outline the factors that facilitated the emergence of early bookkeeping.

A: Book keeping refers to the preparation and maintenance of books of accounts for every business…

Q: The maximum amount of Work opportunity tax credit in 2021 is a) 24,000 b) 6,000 c) 2,400 d) None…

A: Work opportunity tax credit which is also written as WOTC, is a federal tax credit which is given to…

Q: ACC 110 PROBLEM 6 -5B Multiple-Step Income Statement and balance sheet The following selected…

A: The income statement has numerous subtotals in the multi-step income statement. This arrangement…

Q: Melissa, an individual, owns a business and has the following assets in servic 2021. She has never…

A: Cost recovery ratio it is the ratio of fare income to total operating costs, it is an important…

Q: where is the correcting entry of the following?

A: Prepaid Expenses: Future costs that have been paid for in whole or in part in advance are referred…

Q: Susan, a store supervisor, is responsible for creating a summary of the store’s transactions at the…

A: Cash embezzlement is a type of misappropriation to steal the whole or part of cash with the…

Q: Perez Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and…

A: Activity Pools Cost Driver Manufacturing overheads (In $) Activity consumed by Decoder P Activity…

Q: Baggage Solutions Ltd manufactures top of the range luggage bags that are extremely light weight,…

A: Revaluation of a fixed asset means re-measuring the fixed assets based on their fair value and the…

Q: Gulay ni Marites Vegetables Shop Income Statement For the year ended Dec 31, 2022 Net Sales…

A: Vertical analysis is a method of financial statement analysis wherein all items are listed at first…

Q: Sales revenue for Hy Marx Tutoring was $620,000. The following data are from the accounting records…

A: Introduction: Revenue (sometimes known as sales revenue) is a term used to describe the amount of…

Q: Use the given statement of comprehensive income below in answering the question. DEF Company, Income…

A: Change in cost of goods sold = Cost of goods sold, 2021 - Cost of goods sold, 2020 = ₱3,000 - ₱2,600…

Q: In case of an M&A between firm A and firm B. If the value of firm A=50M, firm B=40M, the expected…

A: Cost refers to the money spent to create and sell goods and services, or to acquire assets. When…

Q: Advanced Physics please answer this question on excel for a quick upvote 2.79 Find the present worth…

A: Present worth indicates the computation of the present value of the amount invested with respect to…

Q: The following are clauses in the U.S. Constitution that relate to international law.   A. Treaty…

A: Companies wants to expand its operations globally so that the opportunities can be grabbed by the…

Q: Case Study: Jack’s Dog Sanctuary Jack’s Dog Sanctuary performs three services: housing and finding…

A: Direct Cost- Direct costs are expenses incurred in the production and maintenance of goods or…

Q: Prepare the following: Post-closing Trial Balance

A: The question is related to Trial Balance. Trial Balance is the third stage of Accounting. After…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.