A company bought an equipment costing AED 200,000. How much will the company makes in profit every year starting from year 2 ownward and for 4 years at the rate of 6% In order to recover its expenses7
Q: QUESTION 9 Identify the proper order of steps to be taken in an Activity-Based-Costing system. A. 1s...
A: >There are various methods to allocate the overhead support costs that are not directly related t...
Q: Enumerate at least 5 violations on required disclosures in the Notes to Financial Statements.
A: The answer for the question on violation on required disclosures in the Notes to financial statement...
Q: Bramble Inc., had the following condensed balance sheet at the end of operations for 2019. BRAMBLE ...
A: Cash flow statement includes: Cash flows from Operating activities Cash flows from investing activi...
Q: The Kirkland Department of Delta Company began the month of December with beginning work in process ...
A: The question is based on the concept of Cost Accounting.
Q: does not require an entry, leave it blank. Alert Security Services Co End-of-Period Spreadsheet (Wor...
A: Financial statements refer to the statements which state the financial performance as well as the po...
Q: LIFO, Perpetual and Periodic Riedel Company's inventory records showed the following transactions fo...
A: The LIFO stands for last in first out , where goods purchase at last are to be sold first.
Q: Bakersville Company is a manufacturing firm that uses job-order costing. The company's inventory bal...
A: The statement of cost of goods manufactured is prepared to find the cost of goods that are completed...
Q: pping per order. So, now you can make some calculations The variable costs come to $75. You had an a...
A: Here given the details of the advertisement which are given in the internet which can be generated s...
Q: Company E Income Statement For the Year ended December 31, 20Y1 Sales $5,254,000 Cost of merchandise...
A: Net other expenses and income means other expenses less other income
Q: The assets and liabilities of Matt Wesley Auto Shop are as follows: Cash, $10,000; Accounts receivab...
A: Accounting equation says that total assets should always be equals to total liabilities and equity ....
Q: 2- Amina borrowed 60,000 SR on January 1, 2020, from the local bank to expand its bui The funds were...
A: When bond trades or the market price of the bond is below $1000 or par value it is called a discount...
Q: 19. A company count its inventory and arrives at a total of 167,000. The company fears that some mer...
A: Solution.. Beginning inventory = 150,000 Purchase = 390,000 Sales revenue = 600,000 Gross prof...
Q: xercise 12. Account Debited and Account Credited nstruction: For each transaction, identify the acco...
A: Increase in asset is Debited. Increase in liabilities is Credited. Increase in Revenue is Credited. ...
Q: Perform a solvency analysis for the two quotas
A: Ratio analysis is one of the analysis technique that is used by the accountants and decision makers,...
Q: At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $21...
A: The uncollectible account shall be written off by debiting bad debts account and crediting the uncol...
Q: ABC Corporation plans to issue an 8%, 15-year, P5,000,000 face value bonds. It will incur P300,000 a...
A: Given details: Face value, FV = P5,000,000 Coupon rate = 8%, So interest per annum is P5,000,000 x 8...
Q: PB7-2 (Algo) Evaluating the Income Statement and Income Tax Effects of Lower of Cost or Market/Net R...
A:
Q: Accounting The following shareholders' equity accounts are included in the statement of financial po...
A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued i...
Q: Marigold Corp. will receive $720000 in a future year. If the future receipt is discounted at an inte...
A: The nominal future sum of money that a given sum of money is "worth" at a certain time in the future...
Q: Account Name Debit Credit Sales 750,000 Sales Returns and Allowances 15,000 Sales Discounts 10,000 P...
A: Formula: Cost of goods sold = Beginning Inventory + Net purchases - Ending Inventory
Q: 1. A loan of Php 35,000 with a simple interest rate of 12% will be paid within 9 months. interest wi...
A: As posted multiple independent questions we are answering only first question kindly repost the unan...
Q: Accounting for Assets: Receivables Slow Running Shoes uses the Aging of receivables method to accoun...
A: I am answering the first 3 sub-parts of the question as per bartleby guidelines. Please re-submit th...
Q: Select one: a. Bonds issued at a premium are redeemed for the amount of cash originally received b. ...
A: Solution Concept The bond is issued at discount when -the coupon rate is less than t...
Q: The Philippines debt as of today amounts to 12 trillion. This balloons with an interest rate of 0.16...
A: In order to calculate the monthly payment to be made by earning individuals, we are required to calc...
Q: Company XYZ is conducting an engineering economic analysis to decide whether to make vs purchase pos...
A: When there are two or more alternatives, like either we can manufacture the product or purchase the ...
Q: hoose the correct answer: 1. Trading securities are held with the intention of being sold in a shor...
A: Solution Concept Debt securities held to maturity is accounted using amortized cost Debt securities ...
Q: Magic Oaks Realty's net revenue and profit for a five-year period, using 2012 as the base year, foll...
A: Trend Analysis It is the practice of collecting information and then with the help of that data spot...
Q: Striaton Café has three partners: Cilan, Chili, and Cress. On January 1, 2021, the three partners ha...
A: Average capital of partners Cilan = [(250000x 6)+(300000x 6)]/12 = 275000 Chilli =50000x 12/12 = 50...
Q: Problem 2. A multi-step income statement showed net sales of Php 870,000, cost of goods sold of Php ...
A: The question is based on the concept of Cost Accounting. The total expenses incurred and revenues ea...
Q: He buys them at R10 each and sells them for R25. e Some tourists bought 10 units from Peter. a Purch...
A: "We’ll answer the first question since the exact one wasn’t specified. Please submit a new question ...
Q: Q20. An investor has £200,000 in cash which they are looking to either use to buy a house for rentin...
A: The risk profile for both investments as either purchasing house or investing in company is same whi...
Q: Instruction: For each transaction, identify the account debited and credited. Debit Credit 1 Clark L...
A: Introduction: Journals: Recording of a business transaction in a chronological order. First step in ...
Q: Sheffield Co. reported $158,600 of net income for 2020. The accountant, in preparing the statement o...
A: Cash flow statement includes the operating activities which includes all the core activities of comp...
Q: Instruction: Prepare a Financial Transaction Worksheet. If the Owner's Equity is affected, indicate ...
A: Solution Concept Accounting equation is given as Asset = liabilities + equity If we further expa...
Q: 2. The Company place a fixed deposit of $1,000,000 with the bank on 28.12.10 for a period of 7 days ...
A: Journal entries are the basic method for recording financial transactions in the books of accounts. ...
Q: Cane Company manufactures two products called Alpha and Beta that sell for $185 and $120, respective...
A: Contribution margin per unit = selling price per unit - total variable cost per unit Traceable fixed...
Q: Prior to adjustment at the end of the year, the balance in Trucks is $403,000 and the balance in Acc...
A: Depreciation accounting refers to the accounting under which the assets value is depreciated or allo...
Q: A machine purchased for 150,000 its estimated life is 15 years, after which it will be sold for 40,0...
A: Sum of the years digits (SYD) depreciation Method takes the asset's expected life and adds together ...
Q: Daily Custom Company manufactures plastic chairs in its Processing Department. Direct materials are ...
A:
Q: Book Value Market Value Cash P10,000 P10.000 Inventory 80,000 80,000 Plant Assets (net) 350,000 350,...
A: Net profit Sales 190000 Less: Cost of goods sold (130000) Less :Depreciation (20000) Net p...
Q: The interest rate is 20%, which type of hut should you buy? Intuitively, why were the answers for pa...
A:
Q: Enumerate 7 violations on required disclosures in the Notes to Financial Statements.
A: Financial statement Notes These are those supporting notes which are included in the published finna...
Q: E18-4 Vertical analysis of a balance sheet [10–15 min] Beta Graphics Pty Ltd has the following data:...
A:
Q: xplain the difference between perpetual inventory system and periodic inventory system
A: Companies and organizations can record their inventories using any of the two inventory system - per...
Q: Condensed financial data of Novak Company for 2020 and 2019 are presented below. NOVAK COMPANY COMP...
A: Cash flow statement shows the effect of changes in income statement items and balance sheet items on...
Q: Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities:...
A: Total budgeted Overheads = $434000 Out of this, 80% is for Injection Molding & 20%is for decal A...
Q: Dividend revenue is recognized for trading securities and available for sale securities even if held...
A: Solution Concept Dividend is recognized in income statement for trading securities if they are held ...
Q: Neelopak Berhad prepared the standard cost data for one of their products. Direct Labour (0.65 hours...
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: 2019 2020 Assets Coo,024,רה 68,109,000 120000,רה 26,107,000 248,357,000 137,332,000 646,648,000 30,8...
A: Accounting policies and rules and regulations that are used in preparing the financial statement an...
Q: Question 2. Debackere Construction Corp. contracted with Aggretsuko Inc. to build a karaoke machine ...
A: Contract costing refers to identifying costs related to a contract with a customer and recognizing r...
Step by step
Solved in 2 steps
- A company buys a machine for $180,000 that has an expected life of nine years and no salvage value. The company expects an annual net income (after taxes of 30%) of $8,550. What is the accounting rate of return? a. 4.75% c. 2.85% e. 6.65% b. 42.75% d. 9.50%ABC Company invested an amount of OR 60000 in their business for manufacturing a new product. The new product sale is good and gives a positive cash flow of OR 8000 per annum. Then what is the payback period? 8.0 years Oa. 7.5 years Ob. 8.5 O years Oc. 6.0 years Od.Auto Detailers is buying some new equipment at a cost of $188,900. This equipment will be depreciated on a straight-line basis to a zero book value its eight-year life. The equipment is expected to generate net income of $11,000 a year for the first four years and $24,000 a year for the last four years. What is the average accounting rate of return? A) 18.09 percent B) 15.48 percent C) 18.53 percent D) 17.76 percent E) 22.68 percent
- Dallus Car Rental costs $280,000. It is expected to generate a net income of $70,000 at the end of every year for 5 years. At the end of the 5 years, it has a salvage value of $60,000. What is the payback period of this business? Question options: 3.41 years 4.86 years 4.00 years 0.86 years 3.14 yearsA factory company has 5 years to prepare for relocating in another place. The equipment for loading dock is P150,000.00, the salvage value of the equipment after 5 years id P10,000. The company’s rate of return on the money is 10%. What is the capital rate per year?The NUBD Co. is planning to purchase a new machine. The payback period will be 6 years. The cash flow from operations, net of income taxes, will be P20,000 a year for each of the first three years of the payback period and P30,000 a year for each of the last three years of the payback period. Depreciation of P15,000 a year will be charged to income for each of the six years of the payback period. How much will the machine cost?
- A company buys a machine for $80,000 that has an expected life of 10 years and no salvage value. The company uses straight-line depreciation. The company anticipates a yearly net income of $3,850 after taxes of 14%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return? a) 4.81% b) 8.28% c) 1.35% d) 9.63% e) 48.13%A company buys a machine for $69,000 that has an expected life of 7 years and no salvage value. The company anticipates annual income of $3,300, with the cash flows to be received evenly throughout each year. What is the accounting rate of return?A company is considering purchasing a new piece of machinery at a cost $50,000. It is expected to generate revenues of $25,000 per year for 4 years against $1,500 of annual operating expenses. The machinery is MACRS 3-year property. The income tax rate is 25%. MARR is 10%. What is the EVA for year 3?
- An asset was purchased for P66,000. The asset is expected to last for 6 years and will have a salvage value of P16,000. The company expects the income before tax to be P7,200 and the tax rate of the company is 30%. What is the average return on investment (accounting rate of return)? choices: 17.6% 12.3% 7.6% 10.9%A company is planning to spend P60,000 for a machine which will be depreciated on a straight-line basis over 10 year period. the machine will generate additional cash revenues of P12,000 a year. It will incur additional costs except for depreciation. the income tax rate is 35%. Determine the accounting rate of return.4. We-Clean-U, Inc., expects to receive $65,000 each year for 5 years from the sale of its newest soap, OnGuard. There will be an initial investment in new equipment of $150,000. The expenses of manufacturing and selling the soap will be $17,500 per year. Straight-Line Depreciation is to be used with $5,000 Salvage Value. Annual income tax rate is at 30%. a. Compute the ATCF for the 5-year period using the tabular method (Show YEAR, BTCF, DEPRECIATION, TAXABLE INCOME, INCOME TAX, ATCF). b. If the MARR for We-Clean-U is 12%, is OnGuard a worthwhile investment?