5,000 is expected to last 30 years, at the end of which time its renewal cost will be P 40,000. Annual repairs and
Q: Increase / (Decrease) P500,000 (4,600,000) (460,000) 4,800,000 Cash Accounts receivable Allowance…
A: It is the method of accounting in which the transactions are recorded using single entry, instead of…
Q: Using the following information Actual direct labor hours used,…
A: Variance analysis is the detailed analysis of the standards for the operations made relating to the…
Q: Al Rahami Shop started the year with total assets of OMR210,000 and total liabilities of OMR120,000.…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: Define accounting period cycle? And balance sheet?
A: Accounting is a system of recording analyzing and summarizing the day-to-day business transactions…
Q: 2.Hawks Company started selling subscriptions to a semi-annual magazine that is delivered to…
A: Subscription is the amount you pay yearly, It is basically an agreement you make in advance that if…
Q: Question 10 If the estate's value is less than the basic exclusion amount, there is no need to file…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: On January 1, 2020, a machine was purchased for $400,000 by Younger Leasing Co. The machine is…
A: Initial measurement of Lesae liability and Right-of-Use Asset: PV of lease payment = Annual lease…
Q: (Inventory Errors) 5. Machina Company began operations in 2021. During the first two years of…
A: The inventory error effects the balance sheet and income statement of the business. The overstated…
Q: If fixed costs are $246,000, the unit selling price is $120, and the unit variable costs are $71,…
A: Solution We are provided with the following information Selling price (per unit) = $ 120 Variable…
Q: Q A contractor purchase an equipment with a delivered price of (750000$) to operate it in one of his…
A: in the given problem we have to calculate a. cost per hour for first year b. average cost per hour…
Q: If Dakota Company issues 3,000 shares of $9 par common stock for $45,000, a.Paid-In Capital in…
A: Paid-up capital is that part of capital which is paid by the shareholders. The capital is raised…
Q: RDJ Berhad believe
A: The business is often entitled to repay capital before common stock. The preferred stock holders…
Q: Under its executive stock option plan, Western Corporation granted options on January1, 2021, that…
A: Stockholder's equity: Stockholder's equity is the amount inclusive of shares held and the retained…
Q: VESTION The Articles of Con O True
A: The Articles of Confederation have been approved by the Continental Congress in the year 1777. This…
Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…
A: Solution:- Preparation of the necessary entries to adjust the balance of cash as follows under:-
Q: Total Current liabilities? Land 40 000 Building 40 000 Accounts Payable 8 000 Notes Payable 4 000…
A: Introduction: Current liabilities: Liabilities which are payable with in a year period called as…
Q: Discuss with examples, what are substantive audit procedures.
A: Substantive procedures are audit tests or methods designed by an auditor to evaluate the company's…
Q: ABC Corporation has a total debt of $12,240,000 and their cash balance is equal to 10% of their…
A: Shareholder Equity Shareholders' equity (or corporate net worth) is a measurement of how much money…
Q: If sales are $797,000, variable costs are 69% of sales, and operating income is $206,000, what is…
A: Formula: Contribution margin ratio = [ ( Sales - variable cost ) / Sales ] x 100
Q: The following transactions were selected from among those completed by Crowley Retailers. Prepare…
A: Working :- 1) Calculation of cash collected from customer B :- Sales - sales discount = $1,500 -…
Q: What amount of income from the government grant is recognized for the current year?
A: Grant is the government aid which is given by the government to the company in order to support and…
Q: For the credit card account below, compute the average daily balance, the finance charge, and the…
A: Solution: Average Daily Balance Date Balance…
Q: 2. The following items were reported as inventories by Sugar Company as of December 31, 2022: P…
A: a. 605,000 Explanation: Items Amount Treatment Goods displayed in the store 100,000 Inventory…
Q: Kristen Lu purchased a used automobile for $11,450 at the beginning of last year and incurred the…
A: The variable costs are generally most important for making any decision or choosing an alternative…
Q: For the given scenario, identify the weakness or weaknesses in internal control and opposite the…
A: Internal control is a process, performed by a board of directors of business, management and other…
Q: Spouse A Spouse B Market wages 80,000/year 20,000/year Home production 12,000/year 40,000/year…
A: Using Expense approach Spouse B-----50,000/year Rate ---------- 3 Time -------- 25 years.
Q: Beskar Metals Inc. began operations on June 5, 2021. June 5 Sold 4,000 common shares for $85,200 in…
A: Journal entries show the recording of transactions during an accounting year and every transaction…
Q: Knicks Company requires nonrefundable advance payments with special orders from customers for…
A: Note: As per the policy, we are supposed to solve one question at a time. Since the requirement of…
Q: Using the following information: a. The bank statement balance is $4,881. b. The cash account…
A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…
Q: Statement 1: Bank service charge is a book reconciling item and will never affect the bank proof of…
A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…
Q: RDJ Berhad believe O a. that it has
A: Preference shares are generally referred to as Preferred stocks. They are used for long-term…
Q: the dvantage (disadvanta9e) of furt processing eyond the spiit-off point? 2. Based on your analysis…
A: Soluton 1: Financial advantage (disadvantage) to determine which product to be sold at split off…
Q: During this year, board of directors at Munoz Company authorizes repurchase of 100 shares of the…
A: Treasury stock: Shares which are bought back by the company from the open market but not retired…
Q: Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2021.…
A: Amortization Schedule- An amortization schedule, often known an amortization table, spells out…
Q: United Merchants Company sells 19,000 units at $15 per unit. Variable costs are $11.10 per unit, and…
A: Unit contribution margin = Selling price per unit - Variable cost per unit Contribution margin…
Q: Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: 000, and payments are due at the beginning of each lease year. The lease contains a purchase option…
A: Given as, Fair value= $600, 000, Lease term= 5 years.
Q: The actual cash received during the week ended June 7 for cash sales was $18,163, and the amount…
A: Cash Sales :- Cash pays by customer in respect of sales made. Cash receipts :- Cash received from…
Q: The bank may require other forms of collateral security for bank loans. These may include O 1. a…
A: Collateral Securities Concept for Bank borrowing Banking
Q: Al Rahami Shop started the year with total assets of OMR210,000 and total liabilities of OMR120,000.…
A: Introduction: Net income: Net income is shown in income statement. In income statement all revenues…
Q: Prepare the journal entry for (a) materials and (b) labor, based on the following: Raw materials…
A: Journal entries are used in job costing to update and assign the cost of material, labor and…
Q: Cash received electronically through an electronic funds transfers (EFT)
A: Internal control represents the reasonable assurance that the employees of the company have not been…
Q: Mailmax Direct is incorporated in the state of Arizona. Their charter authorized Mailmax to issue…
A: The shareholder's equity section is prepared to record the equity that belongs to the shareholders…
Q: Imperial Jewelers manufactures and sells a gold bracelet for $400.00. The company's accounting…
A:
Q: On January 1, 2021, Ruzak Co. sold five-year, 6% bonds with a face value of $700,000. Interest is…
A:
Q: On 1 January 2021, SR Bhd (SRB) purchases two quoted securities from the open market. The details of…
A:
Q: Required: a. (1) On September 30, journalize the entry to record the flow of costs into the…
A: Process costs: It is a method of cost accounting, which is used where the production is continuous,…
Q: A man decides to deposit a certain amount of money on his son's 10th birthday, which will be…
A: As per Fisher's Method, (1+i) = Real compounding rate (1+r) = Bank pays Annual Compound Rate (1+π)…
Q: Heartland Hospital is a private hospital with a June 30 fiscal year end. Prepare the journal entries…
A: Introduction Private non - profit entities reports their net assets according to provisions of ASC…
Q: a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio.…
A: Solution:- Calculation of Working capital as follows under:- Working capital =Current assets…
Step by step
Solved in 3 steps with 2 images
- A bridge with an initial cost of P50,000,000 has a life of 20 years. The bridge must be partially re-built at the end of each 20 years at a cost of P10,000,000. It will have an annual operating cost of P1,000,000 for the first 10 years and P500,000 thereafter. At 6% annual interest; Determine Case I Capitalized Cost a. 54,530,759 b. 59,658,254 c. 59,319,917 d. 54,789,158A bridge with initial cost of P50,000,000 has a life of 20 years. The bridge must be partially re-built at the end of each 20 years at a cost of P10,000,000. It will have an annual operating cost of P1,000,000 for the first 10 years and P500,000 thereafter. At 6% annual interest, compute its capitalized cost.4. A bridge that was constructed at a cost of P75,000,000 is expected to last 30 years, at the end of which time its renewal cost will be P40,000,000. Annual repairs and maintenance are P3,000,000. What is the capitalized cost of the bridge at an interest of 6%? Capitalized Cost = First cost + Q + X Q = PW (P/A, i, k) X = (1+ i)k – 1
- What is the capitalized cost of a structure that will require construction costof P1,000,000 immediately and P800,00 each year for the next 4 yearsand annual year –end maintenance of P36,000 plus the expenditure ofP200,000 an the end of each 10-year period for replacement? Assume12% interest rate.The following are the costs for one of the alternatives to construct a new bridge: Construction cost = $2200000 M Annual Maintenance cost = $48000 Renovation cost = $800000 every 15 years Based on an interest rate = 5% per year, what is the capitalized cost of this alternative? M RA bridge that was constructed at a cost of ₱75,000,000 is expected to last 30years, at the end of which time its renewal cost will be P40,000,000. Annualrepairs and maintenance are P3,000,000. What is the capitalized cost of thebridge at an interest of 6%?
- At 6% interest rate, find the capitalized cost of a bridge whose cost is P 300 million and life is 20 years. If the bridge must be partially rebuilt at a cost of P 100 million at the end of each 20 years. P 445,178,192 O P 145,413,221 P 345,307,595 P 245,398,21018. Determine the capitalized cost of a bridge whose cost is P200 Million and its life is 50 years, if the bridge must be partially rebuilt at a cost of P100 Million at the end of each 50 years, and an annual maintenance cost is P500,000 and it will be needed to be repair every 10 years for P2 Million. i = 6%At 6%, find the capitalized cost of a bridge whose cost is P250M and life is 20 years, if the bridge must be partially rebuilt at a cost of P100M at the end of each 20 years.
- A bridge that was constructed at a cost of $80,000 is expected to last 50 years, at the end of which time its renewal cost will be $50,000. Annual repairs and maintenance costs are $5,000. What is the capitalized cost of the bridge at an interest rate of 8%?Capitalized cost is an application of perpetuity. It is the sum of the first cost and the present worth of all future payments and replacements. A machine costs P300,000 new, and must be replaced at the end of each 15 years. If the annual maintenance required is P5,000, find the capitalized cost, if money is worth 5% and the salvage value is P50,000.Capitalized cost is an application of perpetuity. It is the sum of the first cost and the present worth of all future payments and replacements. A machine costs P300,000 new, and must be replaced at the end of each 15 years. If the annual maintenance required is P5,000, find the capitalized cost, if money is worth 5% and the salvage value is P50,000. First Cost 300000 Present worth of the annual maintenance cost *Letters only Perpetuity of the depreciation cost Capitalized cost a. 178,700 b. 231,700 c. 321,500 d. 400,500 e. 127,700 a. 372,700 b. 441,700 c. 529,500 d. 609,500 e. 631,700
