Describe the responsibilities of an accounts payables specialist in a freight forwarding company.

Q: The following facts are known: ·     The total pounds needed for production are 2 times the units t...

A: Let the number of units to be produced = A Total pounder needed = 2 times the units to be produced =...

Q: The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct materi...

A: Prime costs means cost of direct materials and direct labour used for the business. Total manufactur...

Q: Matcha Company reported the following changes in all the account balances for 2021, except for retai...

A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...

Q: Hayley recently invested $31,000 in a public utility stock paying a 6 percent annual dividend. (Hayl...

A: Qualified Dividend: Generally speaking, qualified dividends are dividends received from shares of st...

Q: Current Attempt in Progress At January 1, 2022, Bonita Industries reported Retained Earnings of $308...

A: Opening balance of retained earnings = $308,000 Net loss = $66,000 Dividend = $44,000 Closing balanc...

Q: assume that you had to explain to a friend or family member (with no accounting background) the Acco...

A: solution concept accounting cycle The accounting cycle means a cycle where the whole process of iden...

Q: Normal cash collection experience has been that 40% of sales are collected during the month of sale,...

A: The cash budget is prepared by the management to estimate the expected cash receipt and cash disburs...

Q: COMPUTE FOR THE GROSS COMPENSATION INCOME OF JEN.  COMPUTE FOR THE TAXABLE COMPENSATION INCOME OF JE...

A: Gross compensation income is the income which is earned by the employee which has been received by t...

Q: Record the improvements to the truck by Marlon’s. Record the entry, if any, by the lessor to account...

A: Lease liability refers to obligation of the company requires to pay periodic lease payment on the le...

Q: P19.8 (LO 1, 2, 4) (Two Differences, 2 Years, Compute Taxable Income and Pretax Financial Income) Th...

A: Income Tax It is the part of the income of an individual that is given to the government for develop...

Q: Blue Spruce Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $1...

A: At the end of period, closing balance of income and expenses are posted to income summary. The balan...

Q: Checks Issued How much is the Balance per Book? Requirements= 1. Present the Reconciliation per Bank...

A: Bank Reconciliation Statement The purpose of preparing the bank reconciliation statement is to corre...

Q: The net cash provided by operating activities in BLUE Company's statement of cash flows for 2021 was...

A: Cash flows from operating activities is the amount which represents the inflows and outflows of cash...

Q: Assume that a relatively new company you and you group members are involved wilth has presented you ...

A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...

Q: Current Attempt in Progress At December 1, 2022, Tamarisk, Inc. Accounts Receivable balance was $174...

A: Formula: Balance on December 31, 2022 = Balance on December 1, 2022 + Credit sales during December –...

Q: 1.) refer to the original data. Compute the company's margin of safety in both dollar and percentage...

A: Lets understand the meaning of margin of safety. Margin of safety is a sales over a break even point...

Q: Larkspur Inc. has projected sales to be 18,000 units in January; 22,000 units in February; 14,000 un...

A: Budget means the expected value of future. Budget is not affected by the actual value as it is prepa...

Q: A firm is evaluating an Accounts Receivable Change that would increase Bad Debts from 2% to 4% of Sa...

A:   D. No   Current bad debts 50,000*$20*2% = $20000 Proposed change bad debts 60,000*$20*4% = $48,000...

Q: Sandhill Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of ...

A: Income statement is the financial statement prepared in order to estimate the profitability of the e...

Q: pany idS UTe adjusted accounts and balances at its December 31 year-end, Notes payable Prepaid insur...

A: The financial statements of the business includes income statement, balance sheet and statement of r...

Q: Depreciation expense is recognized similarly in both methods of cash and accrual

A: Depreciation refers to the permanent decline in value of tangible assets due to the wear and tear ca...

Q: Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense...

A: Lets understand the basics. For calculating units for the target profit, we need to use below formul...

Q: How much is it worth after 7 years using Double Declining Balance Method? FC = 3.2 M Salvage Value...

A: Solution Formula used Double declining balance rate    =1/ useful life *2 Given First cost          ...

Q: Ray Electric Company purchased a 10,000 ft2 office space for $1,000,000 torelocate its engineering o...

A: Depreciation would be described as the systematic lowering of the reported cost of a fixed asset til...

Q: Baird Construction Company expects to build three new homes during a specific accounting period. The...

A: Activity based costing is a type of costing under which all type of indirect costs and overhead cost...

Q: Partners Dan, Han and Pan, operating a computer store, shares profit and loss on a ratio of 4:4:3. A...

A: The partnership comes into existence when two or more persons agree to do the business together and ...

Q: Total Asset P 57,7 Liabilities and Capital Accounts Payable P 3,200 Notes Payable 30,350 Total Liabi...

A: The equity comprises of capital and retained earnings of the business.

Q: Katie must decide which one of the following initiatives she will pursue. Each of the projects will ...

A: In risk management, probability distributions could be frequently used to assess the likelihood. It ...

Q: The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, ...

A:

Q: he following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Ba...

A: Current Assets = Cash + Accounts Receivable + Prepaid Expenses

Q: Question 1 The following transactions pertain to the Bongiorno Corporation's 20x4 fiscal year: Jan 1...

A: Journal entries are used to keep track of financial transactions. To create a journal entry, you ent...

Q: Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has th...

A: Beginning inventory is 43% completed as to conversion costs , therefore remaining 57% of conversion ...

Q: our year end is December 31. You lent $120,000 to another company on Oct 1. If the interest rate is ...

A: Solution Concept The amount of the interest receivable is mathematically equal to =principal * inter...

Q: Consider the following audit work performed by two auditors, Suzy and Gary:(a) Suzy attended the cli...

A: Audit evidence seems to be data or information used or collected by auditors as a portion of their a...

Q: What temporary capital records are found in the income statement? Revenue and Expenses Revenue and A...

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: bond with a face value of $6,000 pays quarterly interest of 3.5 percent each period. Thirty-four int...

A: solution given Face value 6000 Quarterly interest rate 3.5% Number of period 34 ...

Q: Edward Enterprises is considering relaxing its credit standards to increase its currently sagging sa...

A:                               Working Note :-                                   Increase in gross ma...

Q: under the conceptual framework for internationai financial reporting a non-contraling interest fits ...

A: Non-controlling interest Non-controlling interest is also referred to as the minority interest where...

Q: 117. At December 31, 2017, Sue's Boutique had 1,500 gift certificates outstanding, which had been so...

A: Hi student Since there are multiple questions, we will answer only first question. 

Q: What is the net cash provided (used) from investing activities? ( IF cash INFLOW, leave the numerica...

A: Investing activities are usually from long-term assets which show how much the cash is spent and inv...

Q: Bridgeport Inc. has budgeted sales for the second quarter of $340,000 for April; $505,000 for May; a...

A: Cash budget is used in forecasting to determine supplier payment, receipts from customers which in t...

Q: Based on this information can you create an Income Statment • Accounts Receivable $1,200 Accounts Pa...

A: Formula: Net income = Revenues - Expenses

Q: Excise and Sales Tax Calculations Fulton Corporation initially records its sales at amounts that exc...

A: a. Sales Tax Liability = ($600,000 x 30% x 6%) + ($600,000 x 50% x 6%) = $10,800 + $18,000 = $28,800...

Q: Total Liabilities - Php 9,000,000.0 ncome Statement Sales - Php 20,000,000.00

A: Earnings = Sales - Gross profit - OPEX =2000000-5000000-2000000 =13,000,000

Q: On June 1, Maxwell Corporation (a U.S.-based company) sold goods to a foreign customer at a price of...

A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...

Q: Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had ...

A: The qualified business income deduction (QBI) seems to be a tax break that allows qualifying self-em...

Q: Wnen presenting a consolidated statement of financial position, the non-controlling interest is:

A: Non-controlling interest is also sometimes written as NCI. It arises when someone holds less than 50...

Q: On January 1 of the current year, a company purchased and placed in service a machine with a cost of...

A: 1. Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of th...

Q: LO 8.6Using the following information, prepare a bank reconciliation. • Bank balance: $4,021 • Book ...

A: Ideally cash balance as per cashbook and bank balance as per bank statement should reconcile with ea...

Q: the shareholders' equity of Gregorio Company included P4,000,000 of P10 par ordinary share capital a...

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share...