How is the practice of data analytics used within management accounting?

Q: 1. Acquired $35,000 cash from the issue of common stock. 2. Borrowed $35,000 cash from National…

A: Percentage of asset provided by investors, creditors, and earnings represents the ratio of cash…

Q: Property income includes

A: Property is a long term asset which is reported under the head plant, property, and equipment in the…

Q: adjusting journal entries

A: Journal entries are the base of preparing financial statements. They pave the path for ledger…

Q: where's the total net income under scenario b?

A: Gross Profit = Sales - Manufacturing Expenses Net Income = Gross Profit - Non Manufacturing…

Q: Required: • Special Journals Note: use the given format attached

A: Special Journal In a manual accounting or bookkeeping system, a special journal, often referred to…

Q: Q3: A firm buys a delivery van for business use. The van costs £25,000 and is expected to last five…

A: DEPRECIATION EXPENSE Depreciation means gradual decrease in the value of an asset due to normal…

Q: Marc, a single taxpayer, earns $60,800 in taxable income and $5,080 in interest from an investment…

A: The income of an individual or a corporation that is used in determining the tax liability is known…

Q: Croce, Incorporated, is investigating an investment in equipment that would have a useful life of 7…

A: Time Value of Money (TVM) is a fundamental financial concept, stating that the current value of…

Q: For which of the following audit tests would an auditor most likely use attribute sampling?…

A: Audit tests: An audit test is a sample drawn from a larger population with the intention of testing…

Q: QUESTION 7 A company is considering to invest in a project that is expected to yield the following…

A: NPV is one of the project evaluation technique under which all cash inflows and cash outflows of the…

Q: One of the major activities of the City Art Museum (CAM) is a Neighborhood Outreach Program, which…

A: Net gains When the revenues or incomes becomes higher than the costs or expenses of the company,…

Q: Where is the amount of Roman's total child care expense entered in BlockWorks? On the Form 2441 page…

A: Child care expense refers to the amount which is paid through the family for the care of minors…

Q: Fuzhou Spa is considering adding one of two services, seaweed body wraps or hot stone massages. The…

A: The revenue is defined as the total income a business receives from selling a good or service to its…

Q: a privately start-up ventory management to rm plans to sell its shares to the public within next 18…

A: Free cash flow is the cash available after deduction of capital expenses and net working capital…

Q: Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse…

A: Ppdate Particular L.f Debit Credit   Equipment A/c ... Dr 67800     Accounts receivable A/c…

Q: Suppose $7000 is deposited in an account that pays 6% per year compounded semi-annually. Find (a)…

A: Compound interest is the interest calculated on the principal and the interest accumulated over the…

Q: Mrs. Manoban has a gross taxable compensation income of PHP 400,000 and personal exemption of PHP…

A: Personal exemption will be deducted php 100,000 Money in time deposit and interest income from…

Q: Fill in the missing amounts in each of the eight case situations below. Each case is independent of…

A: CONTRIBUTION MARGIN Contribution Margin is the Difference between Total Sales & Variable…

Q: P24,000 7. During 20x4, a parent sold inventory priced at P1,000,000 to its subsidiary, and the…

A: Consolidated financial statements includes the financial statements of the parent entity and its…

Q: Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost…

A: Working Capital :— It is the difference between total current assets and total current liabilities.…

Q: Here are comparative financial statement data for Bramble Company and Debra Company, two…

A: RETURN ON STOCKHOLDERS EQUITY Return On Stockholders Equity is a Ratio Express the net profit in…

Q: On February 1, 2020, Aggie Corporation sold its investment in Smith Corporation bonds for $12,500.…

A: Answer:                                 Journal Entries Date     Account Titles     Debit…

Q: 8. The Holiday Card Company, a producer of specialty cards, has asked you to complete several…

A: Earnings after tax (EAT) is a calculation used to determine a company's net profitability. It is…

Q: Metallica Bearings, Incorporated, is a young startup company. No dividends will be paid on the stock…

A: A share price is the price of a single share of a number of saleable equity shares of a company. In…

Q: 22.The market price of a bond issued at a discount is the present value of its principal amount at…

A: Bonds payable is one of the liability of the business. There may be short term bonds or long term…

Q: Cabell Products is a division of a major corporation. Last year the division had total sales of…

A: Residual Income - Residual income is an income remaining after spending it for the business. It is…

Q: The standard unmodified auditors' report generally refers to both accounting principles and auditing…

A: The auditor decides that the financial accounts of a specific corporation are reported fairly, in…

Q: Returns to suppliers and returns to storeroom are entered as negative in the stock cards under…

A: Store ledger is the inventory record keeping book which is usually prepared by the cost accountant…

Q: Admitting New Partner who Contributes Assets After the tangible assets have been adjusted to current…

A: The question is based on the concept of Partnership Accounting. When an incoming partner is admitted…

Q: Ollie Company experienced the following events during its first-year operations: 1. Acquired $72,000…

A: An income statement summarises a company's sales, costs, and profitability over time. It is…

Q: Select all of the following that managers can use to evaluate capital invesments. (Select all that…

A: Capital budgeting is the process a business undertakes to evaluate potential major projects or…

Q: timation is a classical variables sampling technique that projects the sample average to the total…

A: Auditing - The analysis of the entity's economic situation is done in a methodical manner. An…

Q: Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the…

A: Net Income (loss)=Revenues-Expenses

Q: The sum of the material price variance (calculated at point of purchase) and material quantity…

A: In accounting material price variance occurs when there is a difference between actual price that is…

Q: in a partnership.

A: Partnership accounting can get tedious at times. This is more so if each of the partners have to…

Q: Cash Petty Cash Account Title Accounts receivable Supplies Insurance Accounts payable Ray Brown,…

A: Income summary: It implies to a temporary account which accounts for all the closing entries related…

Q: LO8, 9 Bluesky Ltd undertook the following transactions during the financial year ended 30 June…

A: Retained earnings means earnings accumulated by the business over the period of time. Bonus issue…

Q: Administrative expenses, which include depreciation of R600 per month, are payable in the month…

A: Cash Budget A money budget is a forecast or schedule of anticipated cash inflows and outflows for…

Q: Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in…

A: Joint cost When there are multiple outputs produced from a single input, then the costs incurred…

Q: Kagura is a resident citizen, earning purely business income for the taxable year: Gross sales…

A: A percentage tax is a form of tax imposed on business carried on by individuals or entities under…

Q: Kansas Company acquired a building valued at $158,000 for property tax purposes in exchange for…

A: Common stock: Common stock is the representative of the ownership of a corporation and the holder of…

Q: t is the principal interest at 8% simple interest on May 21, 2017 that will amount to PHP 14,615.00…

A: The simple interest rate is very simple and there is no interest on interest and there is interest…

Q: In which of the following circumstances would an auditor most likely meet with the client's legal…

A: Reviewing and checking company financial records is the process of auditing. Audits confirm that the…

Q: Following is data relative to the 12/31/21 inventory of Jenner: Item A B с D E Original Cost Per…

A: Journal entry to record reduction of inventory. The last three columns in the 12/31/21 schedule.

Q: 15.      Pace's Hardware, a Corporation, pays its employees each Friday for a five-day total…

A: Payroll expenses would be those expenses that are paid by the company to its workers or employees in…

Q: Hw.68. what is the maximum earned income tax credit that a taxpayer can claim in 2021? $4,000,…

A: Low- to medium-income employees and their families can benefit from tax breaks owing to the Earned…

Q: Phantom acquired 70% of the $100,000 equity share capital of Ghost, its only subsidiary, for…

A: Consideration  $200,000 NCI $82,800 Total (A)$282800 Net assets: Shares $100,000 Retained earnings…

Q: The management of Penfold Corporation is considering the purchase of a machine that would cost…

A: Present value: It implies to today's value of a specific future sum of money or investment…

Q: The most recent financial statements for Heine, Inc., are shown here: Balance Sheet Assets $52,500…

A: External financing needed= Change in (Shareholders' equity + Libailities)-Projected retained…

Q: journal entries

A: Accounts receivables factoring or financing is a way of selling receivables to get quick cash for…