Accounting Question
Q: Companies such as Sime Darby, Maxis and Nestle carry out many transactions in foreign currencies and...
A: It is pertinent to note that functional currency is the currency of the economic environment in whic...
Q: May I ask for a solution and explanation to the problem for a better understanding. Thank you! 1. D...
A: Current Ratio = Current AssetsCurrent Laibilities
Q: .Q1/-A variable capacity 8000unit .sell units 6000units -production units 5000units .Finished good (...
A: The costing theory where all the costs are noted is called total costing theory, whereas theory whic...
Q: Which of the following is not a true statement about capacity?
A: Answer:
Q: Gardial & Son has an ROA of 9%, a 4% profit margin, and a return on equity equal to 20%. What is...
A: Total Asset Turnover - It is ratio that measures how efficiently company uses its assets to generate...
Q: which of the following would be deducted in determining and employees net pay ?
A: Some taxes are deducted by employer from employee salary and paid to the government and net salary t...
Q: Please solve this
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...
Q: Inventory information for Part 311 of Crane Corp. discloses the following information for the month ...
A: Cost of goods available for sale = Beginning Inventory + PurchasesCost of goods available for sale =...
Q: REQUIRED Prepare the Statement of Financial Position as at 29 February 2020.
A: PLEASE GIVE A LIKE, your response matters Midway Traders Statement showing Financial position of o...
Q: 2. Suppose that BMW can produce any quantity of cars at a constant marginal cost equal to $20,000 an...
A: Financial Management: Financial management comprises of two words i.e. Finance and management. There...
Q: Pearl Inc. owns shares of Martinez Corporation stock. At December 31, 2020, the securities were carr...
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....
Q: Answer the question assuming that the preference share capital of Love Company are non-cumulative.
A: Solution- Reported net income of love company (investee company) 5000000 (-) Preference divide...
Q: Vaughn Corporation has outstanding 323,000 shares of $10 par value common stock. The corporation dec...
A: The stock dividend does not have any involvement of cash. Instead, it is the distribution of shares ...
Q: A company had the following costs at four different levels of activity: Number of units 1250 2000 25...
A: With every change producing quantity of goods & services, Cost known as variable cost changes.
Q: Blackwelder Factory produces two similar products: small table lamps and desk lamps. The total facto...
A: Solution- Calculation of Predetermined overhead rate (A) Estimated Overheads $ ...
Q: Prepare a journal entry for the purchase of office equipment on February 19 for $14,800 paying $3,60...
A: The primary reporting of transactions in the books can be done by recording journal entries.
Q: Cook Security Systems has a $37,500 line of credit, which charges an annual percentage rate of prime...
A: Step 1 Financial instruments are assets that can be traded, or contractual; agreement between partie...
Q: As a treasurer of a top 100 company in the Philippines, choose one type of investment product that y...
A: Treasury bonds is sensible investments for World Health Organization those that people who} area uni...
Q: May I ask for a solution and explanation to the problem for a better understanding. Thank you! 7. ...
A: Given information is: Net operating income before interest and taxes = $42000 Interest Expense = $20...
Q: On April 30,2020, ABC Corp. purchased bonds with a face value of P1,400,000 and interest rate of 9% ...
A: The FV-PL accounting treatment is used for all the investments that are reserved to be held for sale...
Q: What are the effects of Working Capital?
A: A business needs to meet both short-term and long-term financial requirements.
Q: Satish & Shamoon Ltd manufactures a single product. The product is processed in three department...
A: Under average cost method, all the units are taken up together whether it be opening WIP or cost add...
Q: Question number 8, please. thanks
A: Journal entries Date Accounts and...
Q: Complete the following table: End-of-month commission Commission Employee Total sales Draw rate rece...
A: Given, Rate of Commission = 6% Total sales = $ 2,94,000 Commission payable = 6% of Total sales = 6...
Q: ZEALOUS COMPANY ESTABLISHED A PETTY CASH FUND. 1. ESTABLISHED A PETTY CASH FUND OF P10,000 ON JANUAR...
A: Journal entries Date Acc...
Q: Sales Commissions Bill was just offered a sales position fora computer company. His salary would be ...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...
Q: rief Exercise 9-2 ndan Company incurs these expenditures in purchasing a truck: cash price $27,170, ...
A: Total Cost of the truck = Cash price + Sales tax + Painting
Q: 6. Why are mergers of large banks located in different geographic regions more likely to be approved...
A: Financial Management: Financial management comprises of two words i.e. Finance and management. There...
Q: John Wick operates books stores and renders services as a professional broker. In 2018, his gross sa...
A: Given: Sales amounted = P800,000 Services as a broker received = P300,000 Tax = 8% Cost of sales = P...
Q: Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows fo...
A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise. ...
Q: HH Inc. had the following transactions:• On May 1, HH purchased parts from a foreign company (FC1) f...
A: Journal is the recording of financial transactions by using dual entity concept, chronologically.
Q: differentiate between financial accounting and management accounting
A: Accounting is the process of record of financial data with sorting, storing , retrieving, summarisin...
Q: Question 5 Answer for (a) and (b)
A: MFRS 119 Employee Benefits - It prescribe the accounting disclosure by employers for benefits of emp...
Q: Blue Company uses the LIFO method for financial reporting purposes but FIFO for internal reporting p...
A: Inventory: It refers to the items held by an organization which were in various forms like raw mater...
Q: Old Bank started its first day of operations (11 March, 2021) with $6 million in capital. $100 milli...
A: Balance Sheet:- It consists of the assets and liabilities & Shareholder's fund of an entity at t...
Q: Jeff Stein incorporated his sole proprietorship by transferring inventory, a building, and land to t...
A: Deferred Tax Assets: It shows the amount of advance tax that a company has paid in excess of the act...
Q: What is the main source of income for a buying and selling company? 2. Between the operational cycle...
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
Q: n0-14 Defining common receivables terms Lea Match the terms with their correct dcinition. Definition...
A: Since there are multi sun-parts, we will solve first three for you. To get the remaining sun-parts s...
Q: Use the Adjusted Trial Balance below for the Year Ended December 31, 2020 to complete the Income Sta...
A: Required statements are given below:
Q: Daisy Drink Company has the following budget at 500,000 cases of cola: Direct materials $180,0...
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
Q: How do the activities of manufacturers, merchandisers, and service businesses differ?
A: Solution- Business is any activity undertaken to earn profit. There can be three basic types of busi...
Q: 6. Which of the following is not considered an appropriate application of offsetting under PAS 1? Pr...
A: Offsetting-: Offsetting, otherwise also named netting, carries place when entities propose their ri...
Q: Presented below are the components in determining cost of goods sold. Cost of Beginning Inventory Co...
A: The question is based on the concept of Cost accounting
Q: What is the balance of Investment in Associate at the end of the current year?
A: A holding of 20% or more of the voting power (directly or through subsidiaries) will indicate signif...
Q: Question 1 There are many ways to segment a market. Explain THREE (3) types of segmentation that is ...
A: Financial Management: Financial management comprises of two words i.e. Finance and management. There...
Q: May I ask for a solution and explanation to the problem for a better understanding. Thank you! 9. ...
A: Debt to Equity Formula :- Debt/Equity
Q: .Q1/-A variable capacity 8000unit .sell units 6000units production units 5000units .Finished good (3...
A: Costing Theory - It is represents the various costs incurred at different stages of production. it d...
Q: In a one-minute and a half oral presentation, as a treasurer of top 100 company in the Philippines, ...
A: Given: The different type of securities and derivatives along with the different risks arising from ...
Q: Explain the five conditions necessary for an act to be considered fraudulent
A: Step 1 Fraud means deceive to others by making false representations to get some unfair advantage....
Q: How do you calculate total deductions on payroll register?
A: Deductions are subtracted from total earned pay.
Step by step
Solved in 2 steps