According to the FDIC, they would like to see fewer banks in the future. What will be the outcome and how will it affect you?
Q: How would I solve this question in creating a double entry t-acount in solving the following questio...
A: In double entry system, every entry has two aspects ,that is, debit and credited. If one account is ...
Q: Gelato Company manufactures and sells an ice spoon that has seasonal variations in demand, with peak...
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. % ar...
Q: Elyssa’s Elegant Eveningwear (EEE) needs to ship fi nishedgoods from its manufacturing facility to i...
A: Transit time is the amount of time needed for transporting of inventory from one place to another pl...
Q: not-for-profit
A:
Q: Which of the following statements about capitalizing costs is correct?A. Capitalizing costs refers t...
A: There are two type of costs treatments that are being done on all type of costs being incurred. One ...
Q: The business is not vat-registered. Determine the income tax due assuming Kagura opted to be taxed u...
A: As per our protocol we provide solution to the one question only but as you have asked two different...
Q: Use of company records would be an example of using__________ data
A: Solution Company records means any register ,index , accounting records , agreement , memorandum , m...
Q: olac Company acquires 30% of the voting stock of Talgo Corporation on January 1, 2019 for $ 25,000,0...
A: Amortization is the process of writing off value of assets ,it means decreasing the value of assets ...
Q: Henrich is a single taxpayer. In 2021, his taxable income is $461,500. What is his income tax and ne...
A: A tax is a compulsory charge paid to the government by everyone who is generating any kind of income...
Q: 2. Tyler Case, the company's CEO, recently returned from a seminar on activity based costing and ins...
A: answers a) ACTIVITY ACTIVITY RATE (ACTIVITY COST/ACTIVITY HOURS FOUNDATION LAYING 4.30 BUI...
Q: ABC Corp has P100,000 collectibles from Mr. Naki Utang who became insolvent with P60,000 assets and ...
A: 1. Income tax liability = 20% of P 200,000 = P 40,000 2. Income Tax liability will be paid on prior...
Q: Winger Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par valu...
A: There are three golden rules in accounting for recording the transaction : Debit what comes in , C...
Q: Shówn below are selected 202 account balances (before adjustments) taken from the books of SING Corp...
A: Statement of comprehensive income is a statement consisting of income from both ordinary and extraor...
Q: Why is the profit maximization supposed not the most important goal of the company?
A: Solution Profit maximization is a process business firms undergo to ensure the best output and price...
Q: On January 1, 20X7, Phillips Corporation acquired 35 percent of the outstanding shares of Shell Corp...
A: The equity method of accounting shows the total investment in the associate co...
Q: 3. The following information are available for ABC Corporation: Ordinary shares, P100 par value, 50,...
A: The dividend is declared and paid to shareholders from the retained earnings of the business.
Q: On December 31, 20X8, Mercury Corporation acquired 100 percent ownership of Saturn Corporation. On t...
A: Acquisition of the company means when one company acquires another company either only some percenta...
Q: Identify each of the preceding costs as either a product or a period cost. If the cost is a product ...
A: The question is based on the concept of Cost Accounting.
Q: Alexander Murils owes P 25,000 due in one year and P 75,000 due in 4 years. He missed these 2 payme...
A: Future Value: Using an expected rate of growth, future value (FV) is defined as the worth of a prese...
Q: On January 1, 2020, The Red Hot Company established a share option plan for its selected senior empl...
A:
Q: 4. If the company wants a 20% before-tax return on sales, what level of sales, in pesos, does it nee...
A: Contribution margin or gross profit refers to the profit earns by the company for selling goods and ...
Q: QUESTION 9 Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurre...
A: Sales commission will not form part of cost of goods manufactured.
Q: M On May 31, 2012, Deana’s Services Company had account balances as follows: Accounts Paya...
A: Net income is the excess of revenues over expenses incurred. Net income = Revenues - Expenses
Q: On January 1,2019, Jan and Kan have capital balances of P 2,000,000 and P 2,750,000, respectively. O...
A: "Since you have asked multiple questions, we will solve first question for you. If you want any spec...
Q: Pleasant Heating & Cooling (PHC) Co. manufactures furnaces and air conditioners that are in great de...
A: Revenue from Contract With customers According ASC 606 the revenue from contract with customers whic...
Q: PROBLEM 4. Cindy, Inc., sells a single product. The company's most recent income statement is given ...
A: Break-even point ( in units ) = Fixed expenses / Contribution margin per unit Break-even point ( in ...
Q: Evaluate the total relevant costs of diff erent inventory policies.
A: Costs associated with inventory policies include item costs, holding costs, ordering costs, and shor...
Q: Fruit Sushi Corporation sells delicious fruit sushi at a wholesale price of $4.00 per unit. The vari...
A: Answer) The total fixed cost, i.e., $ 7,500 is already charged from existing number of units sold. T...
Q: If a person charges interest on a loan transaction equivalent to the inflation rate than will it be ...
A: Time value of the money is the value of the money which a person must use in order to know how much ...
Q: Turner Excavation maintains a checking account and has decided to open a petty cash fund. The follow...
A: answers 1. Petty Cash Payments Record Date Voucher No Amount Deposit Amount Withdrawn ...
Q: ABC Corporation's board of directors declared a P750,000 cash dividend on September 1, 2021, payable...
A: Dividend: dividend is the portions of profit given to the shareholders by the company There are main...
Q: Comprehensive Oakwood Inc. is a public enterprise whose shares are traded in the over-the-counter ma...
A: Statement of shareholder’s equity as follows: It is a financial statement that states the value of...
Q: The Cougars football team sells season tickets in advance for $480 each. The season consists of 16 g...
A: Revenue means the amount earned by selling the goods or services. Unearned revenue means the amount ...
Q: Which of the following best describes a contingent liability that is unlikely to occur?A. remoteB. p...
A: Contingent liabilities are those liabilities that will occur on the basis of future events. These li...
Q: Kulver's Inc. sponsored a defined benefit plan in 2020. Plan assets had a January 1, 2020, balance a...
A: A journal entry is the process of recording or maintaining track of any financial or non-financial a...
Q: Assign account numbers and specify whether each account would appear on the balance sheet or income ...
A: The question is based on the concept of Financial Accounting.
Q: 9. Selling and administrative costs are direct costs. O inventoriable costs. O period costs. Oindire...
A: Ans. The cost incurred by a business entity is broadly divided into two categories as : i. Direct Co...
Q: management con $6,000. Payroll for the month of May is as follows: FICA Social Securi federal inco...
A: A
Q: Blue Spruce Inc. incurred a net operating loss of $580,000 in 2020. Combined income for 2017, 2018, ...
A: There are financial years in which a company may incur losses instead of profits. When such a situat...
Q: During 2022, Omega Corporation's inventory is expected to decrease by $5. Its accounts payable is ex...
A: Net cash flow refers to the sum over the time period of the aggregate cash received or inflow of cas...
Q: Power Inc. is considering shifting its credit terms from 3/15, n/30 to 4/10, n/30 in order to speed ...
A: In this question, we have to solve 1. Day sales outstanding 2. Account Receivables 3. Incremental ...
Q: A. B and C are partners with average capital balances during 2020 of P945,000, P477,300 and P324,700...
A: Closing capital of partners is to be calculated as follows = Openin...
Q: Jamelsaidthatthe9in129,082istwotimesgreaterthanthe9in127,694becauseit istwoplacevaluestotheleft.Ishe...
A: While determining the value of a number, the left most digit are the ones then the nest digit is in ...
Q: Practice AA Company uses a periodic inventory system. At the end of the annual accounting period the...
A: The inventory can be valued using various methods as FIFO, LIFO and weighted average method. FIFO st...
Q: Integrity Reconstructive is a private, not-for-profit hospital. The following information is availa...
A: Gross patient revenue is the total amount of all hospital bills issued each year. Net revenue is a c...
Q: After illustrating how to account for investments if the investor has significant influence over the...
A: An investment is an item or object purchased with the purpose of generating income or appreciation. ...
Q: How much should the legal services be valued? Please explain the answer.
A: Legal services refer to all those activities which are performed to help other persons in law relati...
Q: (1) What actions have you had to take in your own lifeto overcome liquidity problems? (2) Did those ...
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If yo...
Q: Accounting Equation d. -On November 15, 2010, Ripped agreed to give twelve seminars on proper liftin...
A: The adjustment entries are prepared to adjust the revenue and expenses of the current period.
Q: , is best defined as An asset account An account showing the benefits to be paid to the employee An...
A: An asset account is an account that keeps track of a company's assets. Capital expenditures are dedu...
Step by step
Solved in 2 steps
- What are the major flaws with NPV? What are the major flaws with IRR? If you are going to a bank and trying to get a loan, which is the best method to use (NPV, IRR, Payback period)?Banks tend to focus their loans in one industry so that they can specialize on that industry and reduce the credit risk of their loan portfolio. Group of answer choices: True FalseWhich of the following is the function of the financial market ? Select one : a . It decides the interest rate b . It makes loan available c . It channels funds from lenders - savers to borrowers - spenders D. None of these
- Do you think that IFRS 9 may make loans more expensive for borrowers? Implementation of IFRS 9 will influence borrower make less loan? Is there any needs of improvement with the relationship between borrowers and financial companies?Which of the following is generally the least expensive source of funding? A) demand deposits B) savings deposits C) time deposits D) purchased liabilitiesYou will discuss credit from the lenders point of view. What factors do lenders consider when making new real estate loans? When banks make loans they are taking a risk based on several factors including creditworthiness. You will discuss how banks determine the creditworthiness of borrowers. Topic: Creditworthiness Respond to the following questions: . How does the bank determine if a borrower is credit worthy? . Does this analysis guarantee that the borrower will be able to pay off the loan as agreed? • What happens if their credit scores are below 500? What alternatives would someone with no credit history have? .
- Why is credit risk management important and what are the features of a loan or debt instrument it determines? What is the difference between a spot loan and revolving loan? What is loan commitment? What are the different rates that have replaced LIBOR and in what countries/economic blocs are they used in? What are the borrower and market specific factors that impact the return on a loan for a financial institution? Are higher interest rates a restrictive or stimulative form of monetary policy and explain your answer?why do banks consider interest on loans to be important?Question 2 Explain the following different types of credit advances and when firms use it. (i) Bank overdraft (ii) Syndicated loan (iii) Factoring b) Discuss the advantages and disadvantages of factoring service to businesses?
- The financial performance of both Commercial Banks and Savings Banks is measured using the Net Interest Margin (NIM). a, Explain what the Net Interest Margin is measuring and evaluating. b, Cite an example of why the Net Interest Margin could turn negative.Securitisation of loans results in banks: 1. Transferring the credit risk of loans from their balance sheet to other financial institutions. II. Reducing due diligence in the loan appraisal process. III. Increasing the monitoring of these loans. IV. Freeing up capital so that they can bypass capital requirements. O Only II is true. O I, II and IV are true. O Only I and II are true. O Only I is true. O Only III is true.What is the difference between Investment Banks and regular Banks? explain one small paragraph.