Examples
Q: 1, 20x1 is as 3. LABILE ADAPTABLE Co.'s equity as Share capital (authorized 20,000 shares, P100 par ...
A: Treasury shares means the share which has been buy back by the company . It will be shown as deducti...
Q: Pia Manufacturing Company has developed the following overhead cost formulas: (refer to image) Based...
A: Total overhead cost = Depreciation + setup + lubrication + utilities cost
Q: Prob Bayo Dress Shop makes evening has been gathered from the company records of 2019, the first ope...
A: "Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and ...
Q: Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evapora...
A: SOLUTION- WORKING- 1-CLOSING WIP ACTUAL UNITS = (11700 / (100%-2.5%) (10%*1/4)=2.5%...
Q: On January 1, 2021, Feline Financing Co. leased equipment to Kuting, Inc. information on the lease i...
A: SOLUTION- EXPLANATION- YEAR ANNUAL LEASE PAYMENT (A) INTEREST ON LEASE RECEIVABLE (B) RECOV...
Q: Oil consumption is increasing at a rate of 2.3% per year. By what factor will oil consumption incre...
A:
Q: Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of evapora...
A: The beginning WIP was 2/5 (40%) complete, so the work is done on the remaining 60%.
Q: In June 2021, Wanda Fonda organized a corporation to provide drone photography services. The company...
A: Introduction:- Wanda Fonda established a business to offer drone photography services. Drone Queen I...
Q: Compute the contribution margin per unit if the machine is purchased.
A: Contribution Margin = Sale Price - Variable Cost Sale Price = $57 per unit Variable Cost = $34 per u...
Q: A, B and C decided to dissolve their partnership on November 30, 20x1. Their profit and loss ratio a...
A: The partnership comes into existence when two or more persons agree to do the business and further s...
Q: Jamaira Company has unit costs of P10 for materials and P30 for conversion costs. If there are 2,500...
A: Solution The calculation of total cost assigned to ending work in process inventory is shown below ...
Q: Dominos Pizza purchased a deep fryer at a cost of 6800 RO. The expected life is 5000 hours of produc...
A: Depreciation per hour = (cost - salvage value) / expected life in hours = (6800-500)/5000 hours = ...
Q: Michelin is considering going "lights-out" in the mixing area of the business that operates 24/7. Cu...
A: Manual insertion cost is the component of the cost incurred for the process of manual insertion. The...
Q: [The following information applies to the questions displaye On January 1, 2021, the general ledger ...
A: The income statement includes the revenues and expenses of the company.
Q: On January 1, 2020, Aylmer offered to sell some shares on a subscription basis. The offer was for f...
A: Shares are issued to the potential investors for arranging the funds for the company. Shares are usu...
Q: 8. How much is the book value per 10% preference share? a. 525.22 b. 535.50 с. 522.52 d. 432.56 9. H...
A: Preference shares are those shares whose holders have the preference to be paid dividend first and i...
Q: : Provide all the necessary journal entries.
A: On Jan 1,20x1: = Number of SAR × Fair value = 1000 × 20 = 20000 On Dec 31,20x1: = (Number of S...
Q: ROBLEM 3: EXEI . Dinakdakan Co. declared P50 cash dividends per share. On the date of declaration, D...
A: No. of shares issued = Share capital / par value per share = 1600000/100 = 16000 shares
Q: The partners' capital (income-sharing ratio in parenthesis) of Fiona, Shrek, Donkey and Puss on May ...
A: Bonus to remainning partners = Donkey capital balance - cash paid in full settlement of Donkey = P...
Q: Juhari Berhad plans to introduce a new innovative project at Johor Bahru. The cost of the project is...
A: Contribution per unit = Selling price per unit - Variable cost per unit = RM20000 - RM16000 = RM4000...
Q: The cash transactions for the first month of operation of a sole trader business are as follows; Dat...
A: Answer: Cash ledger is the ledger which maintains the complete set of records for transactions relat...
Q: lsarog is a common carrier. with passenger buses and cargo trucks. For the month of June 2018, it ha...
A: Given data, For transporting passengers (receipts)=P660,000For transporting cargoes (revenues)=P440,...
Q: Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following sta...
A: Direct Material price variance = (Actual price per pound - Standard price per pound)*Actual quantity...
Q: Dannielle Company uses a weighted average process costing system and started 36,000 units this month...
A: The equivalent units for conversion cost are calculated by adding the units completed and transferre...
Q: To compute equivalent units of production using the FIFO method of process costing, work for the cur...
A: Equivalent units of products concept came in to existence when some units are not fully completed at...
Q: 1.) A sum f $400,000 invested today by a manufacturing firm may give a series of cash inflows in the...
A: >Net Present value or NPV analysis takes into account the present value of future cash flows to d...
Q: 3.An important development in the area of breach of contract by an auditor is contributory negligenc...
A: Contributory Negligence In simple contributory Negligence which describes as negligence in the part ...
Q: Lakeside Restaurant, Inc., borrowed $40,000 from Empire Savings on November 1, 20X1. The note was wr...
A: Interest accrued on December 31, 20X1 = Amount borrowed x rate of interest x no. of days/360 days = ...
Q: Amiable Company purchased an equipment for P5,000,000 on January 1, 2020. The equipment had a useful...
A: Depreciation 2020=Cost-Residual valueUseful life=P 5,000,000-P 05=P 1,000,000
Q: 2. Reeves Incorporated buys and sells securities expecting to earn profits on short-term differences...
A: Investment in shares - Investment in shares is the current assets for the purchaser. It generates di...
Q: 1. Calculate the Accounts Receivable Collection Period & Accounts Payable Payment Period based on th...
A: Accounts receivable collection period = 365 x Average Accounts receivable ...
Q: 28) Inventory quantities can be adjusted in QBO. True False 29) Merging accounts in QBO is a permane...
A: QBO stand for Quick Books Online It is a software which provides the accounting services and one of ...
Q: Assets, Ic., plans to issue $6 million of bonds with a coupon rate of 11 percent, a par value of $1,...
A: Bond The purpose of issuing bond is to generate more cash liquidity into the business. Bond can be ...
Q: Integrative Exercise Relevant Costing, Cost-Based Pricing, Cost Behavior, and Net Present Value Anal...
A: Solution:-4 a)Calculate the price that NoFat would charge PU for each pound of olestra as follows:- ...
Q: make a journal entry HG Delivery Services paid 125,000.83 cash on the purchase of vehicle costin...
A: The journal entries are prepared to keep the record of day to day transactions of the business.
Q: A company that produces a single product had the following information: Standards Direct labor. 5 hr...
A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked
Q: Raven Company has a target of $70,100 pre-tax income. The contribution margin ratio is 32%. What amo...
A:
Q: Pedro Co purchased a bond investment in Juan Company. The following are the data pertaining to Pedro...
A: Calculation of carrying value of investment in 2024. Date Cash received interest revenue B...
Q: Tom and Jerry form a joint arrangement considered as joint operation with equal interest in the enti...
A: 1. Tome Contributes Machine = P1,000,000 2. Jerry Contributes Cash = P1,000,000 Machine is A fix...
Q: True or False (Provide explanation). Cumulative voting is advantageous to minority shareholders beca...
A: Cumulative Voting: It is a process of electing the director of the company where the total sharehold...
Q: Ch 22 discussed Budgeting which involves (1) Planning - establishing specific goals, (2) Directing -...
A: Note:We’ll answer the first question since the exact one wasn’t specified. Please submit a new quest...
Q: Given: Cost of equity of 9%; Paid Dividend of 5; Long-term growth rate of 10%. What is the fundament...
A: Answer is option d) -550 equation P0 = D1/(Ke-g)
Q: Ritz Company had the following shares outstanding and Retalned Earnings at December 31, 2020: Common...
A: Here in this question, we are required to calculate dividend for equity and preference shares. In cu...
Q: True or False (Provide explanation). Common stocks have no maturity dates.
A: Common stocks have no maturity dates. Answer – True
Q: If the fixed costs of a company are USD 4,000,000, the unit variable cost is USD 200 and the unit se...
A: Contribution margin per unit = selling price - variable cost = 400-200 = USD 200 per unit
Q: Merill Corp has the following info available about a possible capitol investment. Initial Investmen...
A: Given data, Initial Investment = $1,200,000 Annual Net Income = $120,000 Expected Life =8 years Salv...
Q: Interest Only Loan Interest only $250,000 loan at 12% APR compounded quarterly with the balance d...
A: 1. Interest only loan: it is the loan in which the borrower pay the interest only.At end of period b...
Q: Zenia won a raffle prize worth ₱30M, she decided to give it away to her 2 friends. Her best friend w...
A: Gift means the product given free of cost to the customer on fulfilling the certain conditions. It w...
Q: Problem 1 The Century Philippines Corporation has been authorized to issue 100,000 shares on Decembe...
A: An organization has to raise the capital required for their requirements through the issue of shares...
Q: A manufacturing company prepares income statements using both absorption and variable costing method...
A: Gross profit = Sales revenues - Cost of goods sold Contribution margin = Sales - Variable cost If ...
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- What are the financial reports that's required in UAE?Q.1. Identify the different forms of companies which may be formed in the Sultanate of Oman. Explain the role of the Muscat Securities Market in the business sector.what is the difference between Labuan Offshore Financial Centre and Labuan International Business and Financial Centre characteristics .
- what are the the foreign exchange exposure of a multinational company with it's headquarters in Jamaica and how can the company plan to manage this exposure.What is FDI? Explain it and give example 3 companies (which are the FDI in China)What is the prospect of Labuan International Business and Financial Centre in offshore private banking?
