, enumerate and briefly discuss the following: • 3 Types of Organizations According to Ownership • Advantages and Disadvantages of Partnership • Characteristics of Partnership • Kinds of Partnership • Kinds of Partners

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A: The total manufacturing costs comprises of beginning work in process, direct materials cost, direct…

Q: On September 1, 2021, Daylight Donuts signed a $254,000, 9%, six-month note payable with the amount…

A: Solution...     Principal amount = $254,000  Rate of interest = 9%  Time period = 6 months

Q: On January 1, 2019, Penn Incorporated paid $350,000 for 70% of Sylvania Company's outstanding…

A: Consolidated accounting reports are those that reports the combined assets and liabilities of both…

Q: Green Company sells goods to Thumb Inc. on account on January 1, 2017.The goods have a sales price…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

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A: The distribution of a single cost over various departments, functional areas, or cost centres is…

Q: Identify the correct statement with respect to manufacturing and merchandising companies in general…

A: A merchandising firm is one of the most common types of business. A sales firm is a business that…

Q: In activity-based costing, some manufacturing costs may be excluded from product costs TRUE FALSE

A: Lets understand the basics. Activity based costing is as the name suggest allocate cost based on the…

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A: Introduction: Statement of cash flows: All cash in and out flows are shown in cash flow statements.…

Q: Accounts Debit Credit (OMR) (OMR) Cash 120,000 Capital 100,000 Prepaid insurance 5600 Salary expense…

A: Formula: Net income = Revenues - Expenses

Q: Trend Report, Non-Value-Added Costs Sanford, Inc., has developed value-added standards for four…

A: Horizontal analysis is a technique for examining a company's financial records throughout time. It's…

Q: Dala e estimated scrap value.

A: Answer

Q: Find the percent markup based on selling price, if the percent markup based on the cost is 18%.

A: Solution...     Markup on cost = 18%  Markup on sales = ?

Q: REVISED WITHHOLDING TAX TABLE FOR COMPENSATION DAILY 1 2 3 4 5 6 Compensation Range 685 and…

A: Compensation refers to the remuneration which is paid by the employer to its employee in against of…

Q: ivalent units to be assigned costs are as follows: Direct Materials Conversion ory in process,…

A: Cost of units completed and transferred out of Production  Cost of units completed and transferred…

Q: P10-6B Bobby's has delivery equipment that cost $40,000 and that has been depreciated $26,000.…

A: Lets understand the basics. When asset is sold then there is requirement to calculate profit/loss if…

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A: Introduction: Depreciation: Decreasing value of fixed Assets over its useful life period called as…

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A: A certificate of deposit is a  time deposit, a financial product that is usually sold to banks,…

Q: a. Determine the character of each gain and loss. b. Complete the Section 1231 netting process and…

A: Answer:

Q: a) How many ounces (who b) How many ounces were

A: In this question, we have  to calculate the Beginning WIP started and  completed WIP and Ending WIP.

Q: a)Evaluate the case in your own word.

A: Leander is laible to pay extra cost (jason has incurred.) If contract availbale before december…

Q: . The payroll register of Seaside Architecture Company indicates $970 of social security and $257 of…

A: Lets understand the basics. Journal is required to make to record event and transaction that…

Q: AM Express Inc. is considering the purchase of an additional delivery vehicle for $43,000 on January…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: entxies JOUnal Green Company sells goods to Thumb Inc. on account on January 1, 2017.The goods have…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: (Common-size analysis and differences in profitability and leverage) Comparative financial statement…

A: Common size analysis , also known as vertical analysis expresses each item as a percentage of sales…

Q: What are The challenges and strategies of organisational budgeting?

A: Organizational Budgeting: There are many types of organizational tools that are used for planning…

Q: Suppose you bought a five-year zero-coupon Treasury bond for $800 per $1000 face value. Suppose…

A: Solution Working note Calculation of the price of the bond after 3 years Remaining years to maturity…

Q: December 31 2021 2020 Assets Current assets: Cash Accounts receivable $ 273,440 85,400 105,000…

A: The cash flow statement records the cash transactions incurred during period classified as operating…

Q: What is an operating agreement for an LLC?

A: ANSWER   To form a business entity as a Limited Liability Company (LLC), the business owners are…

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A: Price elasticity of demand refers to as the proportionate change in the quantity demanded due to a…

Q: Current Year Current Year Prior Year Prior Year Amount Percent Amount Percent Revenues: fill in the…

A: Formula: Current year percent : Admission percent = ( Admission value / Total Revenues ) x 100

Q: Finch Company began its operations on March 31 of the current year. Finch has the following…

A: Calculation of cash expense for April month Particulars Amount Manufacturing cost (156800*3/4)…

Q: 1. Mohammed is admitted to the partnership of Rashed & Ameer. Prior to his admission, the…

A: Introduction: Partnership: Its an agreement between two or more partners for forming a business and…

Q: MC48 On July 16, 2019, Rudy Project Company purchased all the ase cash. Iris Company's total…

A: Goodwill: Generally speaking, goodwill is an intangible asset that is related with the acquisition…

Q: how to solve for net income with what I have, thank you.

A: The net income is calculated as difference between sales and expenses incurred during the period.…

Q: Journalize the following merchandise transactions: (If an amount box does not require an entry,…

A: Formula: Introduction: Journals: Recording of a business transactions in a chronological order.…

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A: Sales Revenue: The amount which a company gets from the sale of disposals of their manufactured…

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A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: Required: Journal entries to record transactions of 2021 to determine the following 1. Total amount…

A: Shareholders Equity Shareholders equity which consist of both equity shares and preference shares…

Q: Explain the Threat and Opportunity of Shareholder Activism ?

A: Shareholder's Activism: Shareholder activism is a technique for shareholders to influence a…

Q: Maritza (which means “star of the sea") Joseph is preparing the 2022 budget for one of CK's kayaks.…

A: Production during the year = Closing inventory - opening inventory +Sales To calculate the sales…

Q: BIGBANG Company generated a total of P310,000,000 Sales in its operation for 2022. It financial…

A: The sales revenue is revenue earned by the business for various costs incurred during the period.…

Q: 9.Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts…

A: Formula: Cash collected from customers = Revenue + Receivable balance of the year 2020 - Receivable…

Q: ne beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as…

A: The inventory using LIFO method is computed as new inventory is sold first and old units are left in…

Q: Operating profits move in the same direction as sales when variable costing is used if selling…

A: Introduction:- Variable costing varies in respective of units production Which is used for making…

Q: MC27 On November 1, 2019, a newly established manufacturing outfit paid cash to acquire a patent for…

A: Amortization Allocation of costs to the asset over an estimated life is known as amortization…

Q: Hurtt’s Java Seeds is an independent roaster of specialty coffee beans. The company budgets 2 months…

A: Standard Production Cost=Direct material+Direct labor+Variable Overhead+Fixed Overhead

Q: Apnl 1 Paid rent, P 5.000. 3 Pertormed delivery services for P1.000: P600 in cash and PAC0 on…

A: Trial Balance: It is  a bookkeeping worksheet  where  debit and credit  balance of all ledgers are…

Q: ns. During this year's annual financial audit, the external auditors noticed unusually large gaps in…

A: An embedded audit module (EAM), also known as continuous auditing, detects transactions that exceed…

Q: Gamma Corporation distributes land to its sole shareholder, Lisa. The land has a basis to the…

A: Basis of an asset is the total cost of an asset to the purchaser of the asset. It will include all…

Q: You have just taken a job that requires you to move to a new city. In relocating, you face the…

A: The advantages of Mortgage bonds include advantages to both borrowers and lenders. Mortgage-backed…