What is the difference between the concepts of surplus and trade deficit in international trade? Why would you choose one over the other ?

Q: The following data relate to the operations of Shilow Company, a wholesale distributor of consumer g...

A: Since you have posted a question with multiple sub-parts we will do the first three sub-parts for yo...

Q: (a) Prepare a personal cash flow. .

A: A personal cash flow statement measures your cash flow (earnings) and cash outflows (expenditures) t...

Q: Swifty Corporation produces flash drives for computers, which it sells for $15 each Each flash drive...

A: Solution: Selling price per unit = $15 Variable cost per unit = $9 Contribution margin per unit = Se...

Q: Don't answer this if you already answered or you'll get a downvote. If you do this correctly and com...

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period. 

Q: Mr. Dela Cruz bought a piece of property for P100,000 down payment and a 10 deferred semiannual paym...

A: Solution: Present worth of property should be computed as = Down payment + Present value of deferred...

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: A company has an opportunity to invest money. Two investment alternatives are considered with estima...

A: You have posted a multi-part question, so as per Bartleby policy only the first three parts are answ...

Q: A high-definition TV costs a company $3,100 to manufacture, If it sells for $6,742, what is the perc...

A: Solution: Markup is the difference between the selling price of a good or service and cost. It is ge...

Q: After several profitable years running her business, Ingrid decided to acquire the assets of a small...

A: a. Calculations:

Q: Define cost of equity? How does it relate to the ‘required rate of return’ (r) on equities?

A: Definition of Cost Equity: Cost of equity is the return that a company requires for an investment or...

Q: A building is acquired on January 1, at a cost of $830,000 with an estimated useful life of eight ye...

A: Solution Depreciation is used to allocate the cost of a tangible or a physical asset over its useful...

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: Find the free cash flows to the debt and equity holders using the below information. Note interest e...

A:

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: Coronado Industries issued at a premium of $10900 a $190000 bond issue convertible into 3100 shares ...

A: Convertible bonds are the bonds issue with an option given to investor of bond to convert it into eq...

Q: Pearl Corporation has the following capital structure at the beginning of the year: 4% Preferred sto...

A: Stock holder Equity: It is an account on a company’s balance sheet which  contain  share capital and...

Q: Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for fou...

A: The specific identification approach has to do with inventory valuation, specifically keeping track ...

Q: An engineer bought equipment for P500,00O. HE spent an additional amount of P30,000 for installation...

A: Total cost of the equipment = P500,000 + P30,000 = P530,000   Annual depreciation  = Total depreciat...

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: d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136, 138, and 139 to Finished Goo...

A: The total cost is calculated as sum of materials, labor, and applied overhead cost. 

Q: Happy Company provided the following profit(loss) relating to operating segments: A- 2,000,000; B - ...

A: Accounting standard related with segment reporting means all rules, regulations and guidelines desig...

Q: the cost of inputs. Finally, there is the 3rd OM option, which would reduce production costs by 25%....

A: Profit means the financial benefit earned when the income from a business activity exceeds the costs...

Q: How much is the return on plan assets during the year? c. 101,000 a. 51,000 b. 81,000 d. 1,000

A: Solution:- Actual Return :- An actual return refers to the actual gain or loss an investor experien...

Q: differentiate internal user from external user of accounting information

A: Accounting is the detailed process of recording, classifying, summarising and reporting accounting i...

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: 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: Common coverage of HMOs include Annual Check-ups, confinements, laboratory fees, doctor's fees and d...

A: HMO stands for Health Maintenance Organization which covers a variety area of services provided to t...

Q: Refer to the following selected financial information from Phantom Corp. Compute the company's days'...

A: GIVEN   Merchandise inventory  Year 2 = 287000 Year 1 =269500 Cost of goods sold Year 2 = 470400 Yea...

Q: Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc. is considering two in...

A: Net present value- The net present value or net present worth applies to a sequence of cash flows oc...

Q: On November 30, 2019, Davis Company and the following account balances: 1. Prepare general journal e...

A: Journal entries (JE) refers to the original books of accounts which reports the daily transaction of...

Q: Cash     $          30,000 Marketable securities   $          25,000 Accounts Receivable     Invento...

A: The balance sheet is a statement of assets, liabilities and stockholders' equity at a particular dat...

Q: Required information [The following informetion applies to the questions displayed below.] The compa...

A: GIVEN   The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are gi...

Q: Warner Company's year-end unadjusted trial balance shows accounts receivable of $99,000, allowance f...

A: Adjusting journal entry: At year-end when the company finalizes its accounts then any unrecognized i...

Q: Camila Company has set the following standard cost per unit for direct materials and direct labor. D...

A: Lets understand the basics. Direct material price variance indicates the variance between the rate a...

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: QUIRED: Identify business and nonbusiness transactions

A: Business transactions are identified as economic events that are made with a third party and these a...

Q: detify and explain the 3 main uses of analytical procedres during the audit

A: Auditors generally make use of analytical procedures during an audit. In fact analytical procedures ...

Q: A company has earnings per share of $9.00. Its dividend per share is $1.35, its market price per sha...

A:

Q: Happy Company provided the following profit(loss) relating to operating segments: A- 2,000,000; B - ...

A: An entity shall report separately information about an operating segment that meets the following qu...

Q: Explain the relationship between dividends and earnings and profits. (pick one answer)         Quest...

A: The relationship between dividends and earnings and profit is very complicated. Generally higher div...

Q: Complete the necessary journal entry for January 2, 2019 by selecting the account names from the dro...

A: As the bond are redeemed on the maturity date, entire discount on bonds payable is amortized and the...

Q: To make money, we neëd make

A: Cash outflows may be regarded as payments of liquid cash by the entity towards various obligations s...

Q: A broadcasting corporation purchased equi pment worth P57, 000 and paid P1, 500 for freight and deli...

A: Answer a) Calculation of Annual Depreciation Cost Annual Depreciation Cost = (Purchase price + Freig...

Q: A company paid $1.40 in cash dividends per share. Its earnings per share is $3.40, and its market pr...

A: Lets understand the basics. Dividend yield is a dividend  received in compared to its market price o...

Q: Assume an employee has a meeting with a potential client. The employee spends P2,500 on airfare, P50...

A: Out of pocket cost: Out of pocket cost is the amount of office or work related charges which are rei...

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: Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities outstandin...

A: GIVEN     Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities ...

Q: E15.22) Supplier Activities Classify the following supplier-related activities as either unit level,...

A:

Q: On June 15, 2020, Brainiac Company purchased 8 shares of Lovely Company for $6 per share. The invest...

A: As the investment was hold with the intention of sell hence the investment will be classified as hel...

Q: Debt securities sold to investors that must be repaid at a particular date in the future

A: ANSWER   Debt securities sold to investors that must be repaid at a particular date in the future is

Currency Market

The currency market, also known as the foreign exchange market, consists of currencies worldwide. This market determines the rate of all currencies based on the buying and selling of forex. It is an over-the-counter market. It is the largest and most liquid market based on trade volume.