List and describe the components of Gross Domestic Product on the demand side. Be sure to account for the relative size of each component within the total GDP.

Q: nvestment d on a 5-ye R of 5%, cc sh flow un The invest

A: Retained earnings refer to the sum value of profits or earnings remained at a company after it has d...

Q: For each separate case below, follow the three-step process for adjusting the Accumulated Depreciati...

A: Depreciation: Depreciation is a concept used to record the fall in the value of tangible fixed asset...

Q: Crane Inc manufactures model airplanes and repair kits. The planes account for 80% of the sales mix,...

A: GIVEN   Crane Inc manufactures model airplanes and repair kits. The planes account for 80% of the sa...

Q: 1. Compute X Solutions Residual Income, was the performance of the division acceptable?

A: A Residual income is an income that a person continues to earn after completing a production project...

Q: A company has provided the following data: Sales Sales price Variable cost Fixed cost If the dollar ...

A: There are two type of costs incurred in the business. One is fixed costs and other is variable costs...

Q: For each separate case below, follow the three-step process for adjusting the Accumulated Depreciati...

A: Since these are three separate cases ( independent of each other ) , we are allowed to do one of the...

Q: The ledger of Mai Company includes the following accounts with normal balances as of December 31: Co...

A: Closing Journal Entry: Closing journal entries are passed at the end of the accounting period. In th...

Q: 38) Park Company acquired a 90% interest in Southwestern Company on December 31, 2016 for $320,000. ...

A:

Q: As a fraud investigator, why you should be concerned about fraud trials as a result of resolving a f...

A: Answer:-  Fraud investigator :- Fraud investigator is that person who investigates the alleged fraud...

Q: you to review the two financial statements below and give your analysis of the company’s performance...

A: "Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and ...

Q: An engineer is working on the layout of a new research and experimentation facility.  Two plant oper...

A: MARR: The minimum acceptable rate of return, regularly contracted MARR, or obstacle rate is the base...

Q: 38) Park Company acquired a 90% interest in Southwestern Company on December 31. 2016 for $320,000. ...

A: Under the cost method, investment is recorded at the historical cost. Under the cost method, the val...

Q: Perform a vertical analysis on both companies. Comment on at least three points, interpreting the da...

A: Vertical Analysis of Financial statements is a method which discloses the relationship between items...

Q: The ABC Company had the following transactions in 2021, the first year of its operations: 1. Issued ...

A:

Q: A company has net income of $950,000; its weighted-average common shares outstanding are 190,000. It...

A: given   A company has earnings per share net income of $950,000; its weighted-average common shares ...

Q: Differentiate Fund Theory-Based Financial Statements from Fund Accounting-Based Financial Statements...

A: Note: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered o...

Q: True or False? You list the accounts on a Trial Balance in Ledger Order which is Assets, Liabilities...

A: On the trial balance, the order of accounts should be this: Assets, Liabilities, Equity, Revenues, a...

Q: . What was the net income after taxes of the property/casualty division?

A: Net income after taxes  $1,53,750

Q: PUMASA AKO Company and its subsidiaries own the following properties that are accounted for in accor...

A: IAS 40 Investment Property applies to the accounting for property i.e. land or buildings or both whi...

Q: On December 31, Lowland, Inc., converts its $900,000 par value bonds (carrying value also $900,000) ...

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: A research laboratory which requires P5M for original construction; P100k at the end of every year f...

A: Original construction cost =5,000,000 Annual operating cost from year 1 to 6 = 100,000 Annual operat...

Q: Niosoki Auto Parts sells new parts for foreign automobiles to auto dealers. Company policy requires ...

A: Solution A journal is a company's official book in which all business transaction are recorded in ch...

Q: When the effective rate falls due to good credit, the fair value of the bond payable reflects a high...

A: The fixed income instrument which represents the loan granted by the investor to a borrower is known...

Q: Rox Corporation’s multiple-step income statement and retained earnings statement for the year ended ...

A: Solution Retained earning are the cumulative net earnings or profit of a company after accounting fo...

Q: Problem 1:   Compute for the profitability ratios of both Ellane and meLanie. Which of the two compa...

A: Ratio analysis is an important part of interpreting the performance of financial accounts. It provid...

Q: CONGRATULATIONS Company recently acquired two items of equipment. • Acquired a press at an invoice p...

A: Assets: Assets are the economic resources acquired by an organization for getting economic benefits ...

Q: XYZ Co has two divisions, X and Y. Division X makes a component for washing machines which it can on...

A: Transfer price refers is acknowledged as the price at which one division of an organization transfer...

Q: Sigma Company began operations on January 1, 2020. On December 31, 2020 and 2021, the entity provide...

A: Introduction Here are the proper answers 1. Php28,000 2. Php8,000 3. Php39,000 4. Dr. Expense       ...

Q: E15.24) Economic order quantity For each of the following independent cases, use the EOQ equation to...

A: Economic order quantity (EOQ) is a calculation companies perform that represents their ideal order s...

Q: CONGRATULATIONS Company recently acquired two items of equipment. • Acquired a press at an invoice p...

A: A company's physical or tangible long-term assets having a life expectancy of more than a year are r...

Q: Depreciation for Partial Periods Hathaway Company purchased a copying machine for $8,700 on October ...

A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by u...

Q: Stark Company's most recent balance sheet reported total assets of $1.74 million, total liabilities ...

A: GIVEN   Stark Company's most recent balance sheet reported total assets of $1.74 milhion, total liab...

Q: 341,000 Fair value of plan assets, Jan. 1 Contributions to the retirement fund during the year Benef...

A: Formula: Return on plan Assets = Beginning fair value Assets + Benefits paid to retirees - Ending fa...

Q: Journalize the adjusting entries to be made at the end of the year. 1. Eight Drops Company is a cons...

A: Adjusting entries are the ones that are recorded at the year-end to adjust the omitted, not recorded...

Q: Chaz Corporation has taxable income in 2021 of $313,000 for purposes of computing the §179 expense a...

A: Depreciation is the diminution in the worth of the fixed assets due to its over use, obsolescence or...

Q: A. Assume that all sales are on account. If sales revenue was $18,000,000 and the average days in ac...

A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account...

Q: On October 1, 2021, POGI company purchased 4000 of the P1000 face amount, 10% bonds of GANDA Company...

A: The carrying value of a bond means the net amount between the bond's face value plus any un-amortize...

Q: A corporation ssued NO shares of ns $5 par value common stock an payment of o $2.600 charge trom es ...

A: Introduction:- Issue of shares 180 Par value per share $5 Total par value of shares = 180 x $5=$900 ...

Q: During the year ended 30 June 2021, Game Ltd rents office space from its parent Mayne Ltd for S150 0...

A: In consolidation, inter-company transactions are eliminated through worksheet entry. This entry is n...

Q: Department M had 2,000 units 60% completed in process at the beginning of June, 12,000 units complet...

A: First in First out ( FIFO ) method : The units bought / purchased first are sold first is the first ...

Q: In order to prepare Forms W-2, an employer would utilize the employee's earnings record. O True O Fa...

A: form w2 is also known as and tax statement is a document that employer is required to send to each e...

Q: Cost of Gross Goods Sold Sales Profit (Loss) Net Ending Beg Inventory Purchases Inventory Net Sales ...

A: Formula: Net sales = Sales - Sales returns Sales = Net sales + Sales returns

Q: Companies are required to report which of the following known liabilities Unearned Revenue OPayroll ...

A: Current Liabilities - Current Liabilities are the amount due to the company. But Company has not pai...

Q: Provide an overall analysis of the ratios below. A. Debt Ratio     Total Liabilities/ Total Assets ...

A: Solution Financial ratios are the relative magnitude of two selected numerical values taken from an ...

Q: Food Delivery Services (FDS) share price is worth $18 today. In a year, the market for meal prep del...

A: In case of probabilistic data, returns are calculated using the various expected returns with corres...

Q: Prepare journal entries for the following credit card sales transactions (the company uses the perpe...

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: The following bank statement was received by Sensi from Metrobank. Date Checks Deposits Balance Dec....

A: The bank reconciliation statement is prepared to record and equate the balances of cash book and pas...

Q: A contract calls for semiannual payments of P40,000 for the the next 10 years and an additional paym...

A: Present value is the current value of the future cash flows at given specified rate. It means what w...

Q: X Solutions , a division of XYZ Corporation buys and installs aluminum windows. For the most recent ...

A: Economic value added (EVA): Economic value added indicates the profitability of the projects that ha...

Q: Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an ...

A: Journal is the basic book of recording transactions when it incurred in the books.