BC Corporation has a lower and an upper limit for its savings account at 40,000 and 70,000 respectively. Its optimal return point is 50,000. If as of the end of the day, ABC has a cash balance of 13,000. How much should be it request for additional funds or onvest in marketable securities? Because its cash balance is less than lower cash limit, ABC should request for additional funds in the amount

Q: on which company that gire lower risk to your company. The recommendation must be ustified by the fo...

A: Financial Ratios It is important to calculate the financial Ratio which can be helpful to assess the...

Q: a. Calculate the unit cost for each product using the appropriate cost drivers for each product. Not...

A: Solution Note : As per the Q&A guideline we are required to answer the first three subparts only...

Q: Wynn Company reported revenue of P6,000,000 under the cash basis for the year ended 2020. Additional...

A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are inc...

Q: At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that o...

A: Statement of owner's equity = Capital + Net income - Withdrawals  Net Income = Revenue - expenses As...

Q: Record adjusting journal entries for each separate case below for year ended December 31. Assume no ...

A: The adjustment entries are prepared at end of accounting period to adjust the revenue and expenses o...

Q: What amount of joint costs would be allocated to the three products using the relative sales value m...

A: Joint cost refers to the cost incurred by the company for various process or products in its manufac...

Q: At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that o...

A: The income statement is prepared to record the revenues and expenses of the current period.  It tell...

Q: How much is the patient services revenue? How much is the operating revenue? How much is the total n...

A: Patient revenue services includes charges for direct patient care such as doctor's fees,room charges...

Q: December 31, 2015, Raja Corporations' balance sheet reported the following: Stockholders' Equity nmo...

A: The treasury stock are the own shares repurchased by the company from the market. 

Q: Knowledge Check 01 Select the correct term for the following types of users: Users Terms Customers P...

A: People who are outside the business entity and uses the business information to evaluate the perform...

Q: What is the amount of service department cost allocated to P1 and P2 using the direct method

A: solution concept Direct method of service cost allocation                 Direct method of service c...

Q: Record adjusting journal entries for each separate case below for year ended December 31. Assume no ...

A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the org...

Q: In making a decision of whether to take on a new audit client, the auditor should perform all of the...

A: Acceptance decisions are critical since potential clients and/or contracts might jeopardize independ...

Q: GBV Co. is preparing its November 30, 2015 bank reconciliation statement. The following information ...

A: Credit memos are those collections made by bank, which are not yet recorded in books of account. Thi...

Q: Wynn Company reported revenue of P6,000,000 under the cash basis for the year ended 2020. Additional...

A: The accrual basis accounting records the revenue and expenses when they are incurred irrespective of...

Q: March 120,000 120,000 70,000 100,000 Аprl 120,000 140,000 90,000 120,000 May 200,000 140,000 100,000...

A: Contribution of the Project   Sales.                                    xxxxx-Variable cost.        ...

Q: What is accounting

A: The accounts are maintained by almost all the organization to record its expenses and revenues in an...

Q: Problem 6-9B Record transactions and prepare a partial income statement using a periodic inventory s...

A: >The inventory transactions are recorded either using a perpetual method or periodic method. ...

Q: Corporate Estimated Tax. F Corporation, a calendar year corporation, reported the following informat...

A: There is requirement to pay the estimated tax on quarterly basis, however the actual tax liability m...

Q: Prepare a cash collections budget for March

A: Cash collections budget is an estimate of cash to be collected in a future period. The preparation o...

Q: Y Corporation has daily collections of P180,000 from a selected foreign customer group. The bank off...

A: Solution Given Amount 130000 Current clearing time 8 days Reduced clearing time 3 ...

Q: If the adjustment for prepaid expenses is not recorded   a.assets will be understated. b.net income ...

A: Solution: prepaid expenses are those expenses which have not been incurred but have been paid in adv...

Q: Adjustment for: 1- depreciation and amortization: added in net income 2- increase in deferred task l...

A: Cash flows statement is one of the financial statement which shows all cash inflows and cash outflow...

Q: Upon further investigation, you have found that the amount of account payables for Companies A and X...

A: Ratio Analysis: Under Ratio analysis,  various items  of financial information in the financial stat...

Q: 1. How is the future value related to the present value of a single sum?

A: Solution Note : As per the Q&A guideline we are required to answer the first question only . ple...

Q: The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance...

A: The income statement, balance sheet and statement of shareholders equity are the important financial...

Q: Entity A has 200,000 ordinary shares outstanding on January 1, 20x1. Entity A offers rights issue to...

A: Right share means company offer share issue to it's share to existing shareholders at discount price...

Q: The generally accepted accounting principle that supports recording the value of a property at the p...

A: Monetary principle says that a business should only record transaction if it is measured in monetary...

Q: In 2018, the Board of Trustees of Ayala Foundation designated an amount of current funds for college...

A: solution concept current unrestricted funds                 current unrestricted funds means the fun...

Q: Consider the following data for two products of Vigano Manufacturing. Activity Budgeted Cost Activit...

A:

Q: Remy Morris is an accountant has a full time job at Transcend Haberdashery. He also works every Wedn...

A: Services: Services are the non-physical, elusive pieces of our economy, instead of products, which w...

Q: After preparing and posting the closing entries for revenues and expenses, the income summary accoun...

A:  Closing entries are made every year in order to ascertain the results. For a manufacturing concern...

Q: How do proceeds from the sale of PPE impact Declan's Designs' 2022 Statement of Cash Flows? Ques...

A: Investing Activities - All the Purchase sales of assets are included under this section.

Q: Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Acco...

A: Owner's capital account is increased by the net income and new investment and decreased by net loss ...

Q: if we produce goods over the capacity, should we consider the fixed marketing cost and variable mark...

A: Fixed marketing costs is fixed costs related with the marketing of the product and this will not be ...

Q: What is Declan's Designs' 2022 total "Common Stock Issuance" to be reported on its Statement of Cash...

A: The cash flow statement is prepared to record the cash flow from various activities during the inclu...

Q: Sales 60000 Variable Costs Fixed Costs 36000 20000 Earnings Before Interest and Taxes 4000 3000 1000...

A: The contribution margin is calculated as difference between sales and variable costs.  The total cos...

Q: Bulgasal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000 5,8...

A: Retained earnings is the amount of earnings which is accumulated and collected over the period of ti...

Q: Sierra Company Adjusted Trial Balance December 31 Account Title Debit $ 41,000 2,300 7,600 110,000 C...

A: The income statement records the revenue and expenses of the current period amd tells about the prof...

Q: On January 1, 20x1, Entity A acquires 25% interest in Entity B for P800,000. Entity B reports profit...

A: The carrying amount, also recognized as the carrying value, is indeed the asset's cost less deprecia...

Q: Redlands Inc. sells one product for $5. The variable cost per item is $3, and the fixed costs for th...

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

Q: A credit to a liability account a) indicates a decrease in the amount owed to creditors. b) is an er...

A: Amount owed  by the company to the outside persons such as suppliers, bank etc are called liabilitie...

Q: With the indirect method of cash flow compute operating activities of stevens utensils. Net income =...

A:     Net income = $200,800  Depreciation expense = $47,500  Loss on disposal of plant assets = $5,200...

Q: For each account, identify whether it is included in a post- closing trial balance. Included in post...

A: Closing Entries - Closing entries are required to close the temporary accounts after making financi...

Q: How does Merchandise Inventory impact Declan's Designs' 2022 Statement of Cash Flows?

A: Operating Activities - Under this activity all the company operation-related activities like sales, ...

Q: 1

A: The present value factor (PVF) is a financial treatment used for estimation of the current value of ...

Q: Which of the following is not an example of the application of professional skepticism? 1. Designing...

A: Proper professional care necessitates professional skepticism on the part of the auditor. Profession...

Q: Wynn Company reported revenue of P6,000,000 under the cash basis for the year ended 2020. Additional...

A: Under accrual basis of accounting, transactions for revenue is recorded when earned and expenses are...

Q: Required information Use the following information for the Exercises below. (Algo) 1 [The following ...

A: >Process costing includes calculation of Equivalent units and cost per equivalent units. >...

Q: nerine College, a private 1 P5,000,000 from alumni for construction of a new wing on the science bui...

A: Restricted Funds These are the funds that are received by a NPO for a specific purpose. So, these fu...