Explain the characteristics of contingency theory of management accounting. What are some of the criticisms of contingency theory? Do you believe that contingency theory has made adequate contribution to management accounting? Explain in detail.

Q: Explain briefly any three decisions involved in the financial management

A: Introduction: The organizing, directing, as well as attempting to control an enterprise's financial…

Q: Kappa SA in 2021 had pre-tax profits of 100,000, equity 450,000 and return on equity of 20%. How…

A: Return on Equity (ROE) :   = (Profit After Tax ÷ Shareholder's equity) × 100   This indicates the…

Q: Question D is incorrect. Can you check the answer

A: Here discuss about the details of the taxable income and income tax which are incurred with the tax…

Q: An item will need replacing in 6 years from now at a cost of ₱128,000.00. How much should the owner…

A: In the given question, the item will be replaced at the end of 6 years at a cost of P 128,000.   In…

Q: New lithographic equipment, acquired at a cost of $905,600 on March 1 at the beginning of a fiscal…

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

Q: But what's the distinction among accounting and management

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: Which type of expenditure is included in the term "exploration and evaluation" of mineral resources

A: the term exploration and evaluation of mineral resources is search for minerals and entity has…

Q: 4. Compare the following purchase options of the SAME PRODUCT by estimation

A: Disclaimer: "Since you have asked multiple question in a single question so we only answer one…

Q: Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for…

A: Straight-line method ( cost of asset less salvage value) / useful life  Units-of-activity method [(…

Q: S1] Concerns over the estate valuation and taxation rarely occur when prices cannot be placed on…

A: Valuation and taxation requirements for financial reporting purposes and for taxation compliance…

Q: Engineering Economics: Please answer the following provide explaination and Solution Clin…

A: The alternative which will give least present value of costs that alternative will be choose.…

Q: Service revenue 110,500 Salary expense 44,850

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Q: Mesa Bottle Company (MBC) manufactures plastic two-liter bottles for the beverage industry. The cost…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: WHAT IF THE CORRECT ANSWER IN NOT IN THE CHOICES

A: The answer calculated is correct. However one more answer can be calculated.   1. Loan payable,…

Q: a. Issued 1,000 shares of $10 par common stock at $59 for cash.

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: Journalize the following transactions for Cox Company using the gross method of accounting for sales…

A: The journal entries keep the record for inventory on different basis such as perpetual or periodic.

Q: Compute cost of goods sold using the following information. $12,200 Merchandise inventory, beginning…

A: The cost of goods sold includes the total cost of goods sold during the period.

Q: Using the MACRS rates from the following table, what is the book value of a $3,000 computer after 5…

A: The modified accelerated cost recovery system (MACRS) is a depreciation system that allows the…

Q: Required: a. What is the net present value of the proposed mining project? b. Should the project be…

A: Net Present Value (NPV) NPV is the difference between present value of cash  inflows and present…

Q: The following were selected from among the transactions completed by Babcock Company during November…

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

Q: Down Under Products, Ltd., of Australia, has budgeted sales of its popular boomerang for the next…

A: Ending inventory = 10% of next month sale                               April = 10% of May sale =…

Q: he City of Raylan has a rather large warehouse that it no longer needs. The city had previously used…

A: Lease: A lease is a contract that transfers real estate, equipment, or facilities for a set duration…

Q: Q3: These are amounts and prices of Ali company store Account name Quantity Cost per unit 9 40…

A: Lets understand the basics. In LIFO method entity assumes that, goods come last in the inventory are…

Q: Extracts from trial balance at 31 March, 2019 GH¢ Current tax credit balance 1,600,000 Deferred tax…

A:

Q: GAS" Company does not segregate sales and sales taxes at the time of sale. The sales register total…

A: Sales and Sales tax both are different, sales is a part of revenue whereas Sales tax is a part of…

Q: ip to question   [The following information applies to the questions displayed below.]…

A: Master Budget: It is the summary of all the budgets i.e. sales budget, production budget,…

Q: Seaforth International wrote off the following accounts receivable as uncollectible for the year…

A: calculation above requirement are as follows

Q: .Calculate the trends in the sales and cost of sales and comment on the information disclosed by…

A: Trend analysis is the analysis which is used by the company in order to anticipate and made an…

Q: Tiago makes three models of camera lens. Its product mix and contribution margin per unit follow:…

A: Introduction: The weighted average contribution margin is the standard amount by which a group of…

Q: Assume that you are the president of Highlight Construction Company. At the end of the first year of…

A: Balance sheet is a statement of financial position of a company, which shows the assets, liabilities…

Q: White Corporation’s budget calls for the following sales for next year:           Quarter 1…

A: Given that: Units to be produced=Expected sales in units + Desired units of ending inventory - Units…

Q: $7,000, respectively. what was the total amount of gain(or loas) for Gemini in 2020 on the sale of…

A: Gemini Sold an asset acquired in 2019 in 2020, to calculate whether it is in profit or loss.

Q: In pricing its ending inventory using the lower of cost or market, what unit values should Milo use…

A: Product 1: RC = $35, NRV = $70 – $10 = $60 NRV – PM = $60 – ($70 × .3) = $36, cost = $40.

Q: A 8 C Contribution Margin/Unit 10 7 9 Units produced per machine hour 2 5 3 Demand 8,000 10,000…

A: It is pertinent to note that as per the theory of constraints an entity needs to identify bottleneck…

Q: Jacobs is considering the purchase of a new machine for $10,700 that has a life of 6 years and would…

A: Present Value- The value of an investment or an amount today is referred to as its present value. It…

Q: Assuming it meets the conditions to net assets and liabilities, how will the company report deferred…

A: Under US GAAP, Crystal​ Critters should net off all the deferred tax assets and liabilities into one…

Q: Goods in process inventory, 1/1 25,000 Goods in process inventory, 12/31 21,920 Indirect labor 4,600…

A: Answer:-  Income statement meaning:- An income statement is a financial statement of the company…

Q: a. Current ratio b. Quick ratio c. Profit margin %

A: Hi student Since there are multiple subparts, we will answer only first three subparts. Ratio…

Q: Income Statement Service revenue 110,500 Salary expense 44,850 Supplies expense

A: Income statement is one of the financial statement. This is prepared for profitability analysis. It…

Q: (prepare and process Required: After the closing process has been completed, answer the following…

A: Closing entries are those entries which are passed at the end of the period. It will close all…

Q: Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2020. As of that…

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Q: The degree of operating leverage is equal to Group of answer choices only important…

A: Degree of operating leverage helps to identify change in operating income of a company in response…

Q: Grandma is worried about her kids and grandchildren. She has two sons, Charles and Tyler. Each is…

A: The estate means the property owned by an individual or the whole family. the value of the estate is…

Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…

A: Dividends is the part or share of profits that is being distributed to the shareholders of the…

Q: You are an auditor in BDO Australia, a mid-tier audit firm. One of your responsibilities is toreview…

A: The expenses are the costs incurred to earn the revenue for the business and liabilities are the…

Q: What distinguishes accounting and business administration from each other?

A: Despite the fact that business administration and accounting are closely related, they have distinct…

Q: The period of time during which interest must be capitalized ends when The asset is abandoned, sold…

A: As per IFRS on Borrowing Costs, the capitalization of interest ceases when the activities necessary…

Q: On June 30, 20X1, ABC Corp exchanged 6,000 shares of XYZ Company P10 par value ordinary shares for…

A: Lets understand the basics. When there is exchnage of non monetary asset on asset of another non…

Q: 29- Collected P1, 000 from R. Hernandez as partial settlement of his account. 30- Paid the…

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Another name…

Q: The declaration, record, and payment dates in connection with a cash dividend of $659,000 on a…

A: Record date is the date on which the list of shareholders entitiled to receive dividend is…