Defines the meaning of Capital Projects Fund and Debt Service Funds.

Q: ABC Ltd manufactures phone handsets and provides telecommunication services to customers either…

A: The owner’s equity represents the amount left to the owners after the deduction of the liabilities…

Q: How you analyze data and make decisions to improve your customer survey score.  What is the impact…

A: Customer satisfaction is essential to modern business. The companies that will win their market over…

Q: How to do this. Please explain. Thank you.

A: Price variance = ( Actual unit cost - Standard unit cost ) x Actual quantity purchased

Q: David has a contract to buy 900 metres of cloth each month for $7 per month. From each 3 meters of…

A: Obligation refers to the act of fulfillment of an unconditional responsibility. This responsibility…

Q: On December 31, 2021, PACMAN Co. has accounts payable of ₱ 5,000,000 before after adjustment for the…

A: Adjusted Accounts Payable: You must make an adjusting item in your general journal at the conclusion…

Q: Problem 2: (Paid-In Capital is also called Share Premium) Shown below are account balances found in…

A: The question is related to calculation of number of Preference Share and Common Share issued.

Q: An individual makes five annual deposits of P 2,000 in a savings account  that pays interest at a…

A: Annual deposit = 2,000 Interest Rate = 4% Period = 5 Years    After 5 year the interest rate is…

Q: Sales (18,000 units) Variable expenses Contribution margin Fixed expenses $ 360,eee 144,000 216,000…

A: Formula: Contribution margin ratio = ( Contribution margin / Total Sales ) x 100

Q: On January 1, 2020, Growth Inc. (Growth) purchased, in US funds, $500,000 of bonds of Big Company…

A: Bonds: Bonds are the long term liabilities of a company for which the payment is done at the end of…

Q: A company's profit after tax for the year to 31 December 2015 was P150,000. The comparative figure…

A: Earnings per share = (Net Income - Preferred dividend) / Weighted average no. of ordinary shares…

Q: FINISH THE FOLLOWING BLANK AREAS         Units cost per unit Sales price per unit Beginning…

A: Introduction Inventory is considered as current asset of company and referred to goods and services…

Q: QUESTION 18 Upload a full solution to the following question. Shawn was hired and agreed to…

A: Solution:- Given, Shawn was hired and agreed to compensation of $36.88 per hour Weekly hours = 44…

Q: Which of the following scenario not demonstrate significant influence? Yijin Co. who owns 30% of…

A: If an entity holds, directly or indirectly (or through subsidiaries), 20 per cent or more of the…

Q: On December 31, 2021, Mith Company was a defendant in a pending lawsuit.

A: Probable represents that it is definite that the liability will occur in the future therefore, it is…

Q: A certain car was purchased for $25,000. The car has a resale value of $16,000 after a useful life…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: You discovered the fob 1 Interest expense of P20,000 in 2020 was erroneously debited to rent…

A: Interest expense is the amount which is paid on the amount borrowed. It is treated as an expense and…

Q: mazon purchased a piece of land for $5 million and plans to build a $25 million distrib rarehouse to…

A: Depreciation refers to the fall in the value of tangible assets over time. Tax is the mandatory…

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Formula: Net Amount = Gross Amount - All deductions.

Q: Auga Company Ltd Comparative Balance Sheet December 31, 2021 and 2020 Increase/(Decrease 2021 2020 )…

A: Statement of Cash Flows - Statement of Cash Flow is the statement that shows the movement of cash…

Q: The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the…

A: Closing entries are passed at the end of the financial year to close all the temporary accounts by…

Q: Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are…

A: The question is related to Overhead allocation. The details are given regarding the same.

Q: Problem 17 Watson Manufacturing Company employs a job order cost accounting system and keeps…

A: Factory overhead is the indirect total cost for the manufacturing of the product. Factory overhead…

Q: The plant and machinery at cost account of a business for the year ended 30 June 20X4 was as…

A: The key transactions incurred during the period are: i) On 01.07.X3 the last year closing balance of…

Q: Give the effects of the following transactions on ASSETS, LIABILITIES, OWNER’S EQUITY, REVENUES, AND…

A: Transaction  Assets        =  Liabilities   +  Shareholders' Equity  Cash    +  Supplies    =…

Q: 18. of $225,000. Assume the following acquisition costs and monthly onerat expenses for the month of…

A: It is the first step to record the financial transactions in the books of accounts that has dual…

Q: Parent Subsidiary les Foss Profit 2,000,000 1,500,000 550,000 200,000 100,000 350,000 150,000 50,000…

A: As per accounting standard, in business combination assets shall be valued at fair value. Following…

Q: A machine is to be purchased for P155,000 it has an estimated life of 8 years and a salvage value of…

A: Given information, Purchase price=P155,000 Salvage value =P6000 Therefore, Future value (F)=P155,000…

Q: The following information has been extracted from the records of Marie Company about one of its…

A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: Common stock, $1 par, 244,000 shares issued Paid-in capital-excess of par, common Paid-in…

A: Shareholder’s Equity Shareholder equity refers to the actual amount received by the owner if the…

Q: Please get the finished goods june 1 and june 30. disregard the other requirements (questions)

A: Beginning Finished Goods (Jun 1) + Cost of Goods Manufactured = Cost of Goods Sold + Ending Finished…

Q: Which of the following does define investment property? Property held to earn rentals Right of use…

A: Investment property is property (land or a building or part of a building or both) held (by the…

Q: Royal Crown Corp. has the following information to an inventory: Materials -P800,000; Storage cost…

A: Note: Delivery to customers charges will not be included in the inventory cost. These expense are…

Q: On January 1, 20x8,Parent Company purchased 80% of the outstanding shares of Subsidiary Company for…

A: Non-Controlling interest refers to the percentage of ownership that is not held by the parent in its…

Q: The following headline recently appeared in the news: Overnight the prices of many commodities such…

A: Accounting standards increase the openness of financial reporting in all countries. Generally…

Q: Compute for the consolidated expenses to be reported for the year.   On January 1, ABC Acquired 60…

A: Consolidation is a process where income statement and balance sheet of BB (parent) and SS…

Q: Can you explain the revenue cycle and expenditure cycle of banks using narrative description.

A: Revenues and expenditure accounts are created by the non-transient entity to determine the cost of…

Q: A tractor for over-the-road hauling is purchased for $105,000.00. It is expected to be of use to the…

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

Q: Shadee Corp. expects to sell 600 sun visors in May and 440 in June Each visor sells for $14Shadee's…

A: The budget process involves an estimation of expected expenses or revenues relating to a particular…

Q: Profit Corp. has a subunit classified as a cost center that supports other parts of the firm but has…

A: A profit center is a department or division of a firm that directly adds to or is expected to add to…

Q: Squabb Corporation issued a $12,000,000, 5-year bond, with a contract rate of 8%. The market rate of…

A: The bonds are the financial instruments for the business which are used to raise money from the…

Q: Multiple-Product Break-Even and Target Profit Vandenberg, Inc., produces and sells two products: a…

A: Cost-volume-profit analysis shows the relationship between the cost and volume level to get a…

Q: On January 1, ABC Acquired 60 percent of the outstanding voting stock of XYZ for P301,500 cash…

A: To determine the net income/(net loss) attributable to the controlling interest, we have to…

Q: each

A: Annual depreciation = P123,000 / 3 years = P41,000   Earnings before Depreciation Year 1 P49,120…

Q: At the beginning of this year your company issued stock. At the end of the year, your company…

A: Cash Dividend: In business, a cash dividend is a distribution of funds or money to investors that…

Q: of view.                                                                                  b) The…

A: Market capitalization refers to the total dollar market value of a company's outstanding shares of…

Q: On January 3, 2012, the July Company spent P196,000 to apply for and obtain a patent on a newly…

A: Introduction A patent is a legal right to invention that is given to a invntor company or entity for…

Q: When the estimate of an asset's useful life is changed, select the false statement a. depreciation…

A: Depreciation means the amount fixed assets written off due to normal wear and tear , normal usage ,…

Q: When the auditor wants to test the asset for impairment, the auditor would most likely be concerned…

A: Impaired assets are assets whose market value is lower than the value recorded on the company's…

Q: What amount should be reported as inventoriable cost of the purchase?

A: Cost of purchase refers to the amount paid by a company to the manufacturer or seller of a product…

Q: An individual, who is a real estate dealer, sold a residential lot in Quezon City at a gain of…

A: The question is related to taxation

Flow of Funds

The flow of funds is the financial accounts of the nation, which monitor and control the cash flow among various sectors or industries, or markets. Central banks use these flow of funds statements to acquire macroeconomic data, to publish cash inflow and cash outflow statements of the nation. This flow of funds system is utilized to identify economic activity and changes in the economy. It is used by Federal Reserve to determine the Gross Domestic Product (GDP) of the nation and to implement monetary policy and fiscal policies.