What is the difference between accounting and business administration

Q: Bicol Company uses approximately 20 material in its manufacturing operatio On December 1, 2021, the…

A: A call option  gives the buyer the right to buy the option at a particular price on or before…

Q: A firm's stock has a beta of 1.75, Treasury bills yield 3.8%, and the market portfolio offers an…

A: Debt is one of the source of capital which is used by the companies for arranging finance for the…

Q: a) List and briefly the main threats to independence and objectivity as identified in IESBA's Code…

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Q: A Net income? Units sold 8700 games units Selling price per unit = $ 69 Variable expenses = $ 49…

A: Fixed costs are costs which do not change with change in activity level. Variable costs are costs…

Q: 6. A general professional partnership and the partners comprising such partnership may avail the OSD…

A: For taxpayers engaged in trade, business, or practice of profession or partnership, under optional…

Q: A new machine costs $100,000 and is expected to last 10 years. At the end of 10 years, the salvage…

A: Calculation of depreciation percentage :- The straight line depreciation rate  = 1/10 = 10% per…

Q: Mariette, age 29, earns $200,000 per year. Her employer, Taxes Are Us, sponsors a qualified profit…

A: Every employee and in-fact every person wants to save something for the future which the period of…

Q: For each of the adjusting entries (1), (2), and (3), indicate the account to be debited and the…

A: Introduction: Journals: Each and every business transactions are to be recorded in Journal books.…

Q: Lewis Corporation is considering switching from FIFO to LIFO to reduce its income tax expense.…

A: FIFO Method- The FIFO method of costing presupposes that assets with old costs are reflected in the…

Q: Production department records show the following: beginning work in process of 25,000 units (100%…

A: Explanation of Concept Process Costing : Process costing is the costing method which is been used to…

Q: ang Daiyu expects to retire in 30 years. She has decided that she would like to retire with enough…

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Q: Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 2…

A: Calculation of depreciation and accumulated depreciation

Q: Emu Ltd is an Australian company that receives management consulting services from a US company…

A: Explanation of Concept Effect of foreign exchange rate shall be taken care of in the accounting as…

Q: The cash-management process includes three elements: (1) controlling the cash-collection and…

A: Answer:- a Following are 5 various options that can use to manage cash balances:-  1. Keep track of…

Q: 1. Create and Income Statement with schedules for BLAZING ENTERPRISES for the Year Ended December…

A: Income statement is one of the form of income statement which shows all incomes and all expenses of…

Q: The smallest branch of Super Fresh Cosmetics in Iloilo City employs Mary Santos, the branch manager,…

A: Introduction: Internal controls are the procedures, rules, as well as procedures that a company puts…

Q: Road Ltd started construction of equipment, a qualifying asset in terms of IAS23 Borrowing costs,…

A: Management determines the amount of borrowing costs eligible for capitalisation by applying a…

Q: Long-term investments include: Multiple Choice Investments that are not readily convertible to cash…

A: Introduction:- Investments are classified into two types as follows under:- Short term investments…

Q: Partners are taxed on their withdrawals, not on their share of partnership income. True or False

A: A partnership is a form of business in which two or more two individuals agree to operate a…

Q: Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings C3 ⒸP2 P3 Kohler…

A: Retained Earnings: - Retained earnings of a corporation are the accumulated net income of the…

Q: Questions. A sweatshirt is being sold for 25% off its regular sale price of $117.88. a) The best…

A: Disclaimer: "Since you have asked multiple questions in a single so we answered the first question…

Q: Pratt Corp. started the Year 2 accounting period with total assets of $30,000 cash, $12,000 of…

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

Q: 8% preferred stock, $10 par value, 53000 shares authorized; 43000 shares issued Common stock, $10…

A: Shareholders equity also known as net worth is the amount contributed by the owners into the…

Q: View Policies Current Attempt in Progress Tamarisk Company purchased a delivery truck for $40,000 on…

A: The rate for double declining balance method is   2 × 1/ useful life   = 40%

Q: Zynex Co manufactures a range of electronic devices, which it sells to online stores and retail…

A: Zynex co. has conducted primary research and collected quantitative data.

Q: Daily Kneads, Inc., is considering outsourcing one of its many products rather than making it…

A: Make or Buy Decision: The process of deciding whether to produce a product or service in-house or to…

Q: Required: a. What is the profit for each division if the external demand per period for the…

A: Divisions or departments are the different units of a company. One division may need the product…

Q: Bicol Company uses approximately 200,000 units of raw material in its manufacturing operations.…

A: Derivative liability means fair values or losses from the revaluation of derivatives held for…

Q: On net revenue from sources within the exclusively, private educational institutions and nonprofit…

A: Costs of each major activity are accumulated and assigned to the product and services on some…

Q: 38. Production department records show the following: beginning work in process of 25,000 units (80%…

A: Equivalent units are those number of units which are completed or manufactured in a particular time…

Q: On 3 August the company bought Land costs $ 400 000on credit. On 4 August the company bought Cars…

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

Q: Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612,…

A: Introduction: Net pay: Deduction of Federal income tax withholding and FICA from Gross earnings…

Q: Selling price =$750; reduced (New) price = $600. Find the markdown amount and the rate of markdown.…

A: Normally markdown refers to the discount or the reduced price of the product.

Q: 37)At Dec 31, Michael Corp has the following bank information: Cash balance per bank $4,500…

A: Introduction: Bank reconciliation statement: To reconcile the differences between cash book and pass…

Q: Determine the value of R13 000 after it has depreciated for 3 years at 6% p.a: 1.1 on the straight…

A: Note: As per the Policy, We’ll answer the first question since the exact one wasn’t specified.…

Q: Discuss various type  of opinion is issued by the auditorr if he or she is unable to determine the…

A: Introduction: Auditing is the process of finding, verifying, and continuously analyzing all…

Q: A group of billionaires is considering investing in higher education in the Caribbean, which…

A: Higher Education in the Caribbean: Under this approach, the demand on the education system was…

Q: For a decedent who has left a last will and testament, which of the following correctly state issues…

A: Charitable deduction refers to the form of deductions allowed to a taxpayer on the gifts or cash or…

Q: Oak Co currently manufactures and sells four products but is considering whether to buy in some of…

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Q: 37)At Dec 31, Michael Corp has the following bank information: Cash balance per bank $4,500…

A: Introduction: The Adjusted Cash Balance is the amount of money you should have in your bank account…

Q: 37)At Dec 31, Michael Corp has the following bank information: Cash balance per bank $4,500…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: a) Describe the risks associated with the audit of Ajio under the headings inherent risk, control…

A: Introduction: There are several forms of risks that arise from various conditions. We have liquidity…

Q: 1. Form 1096 is completed by the employer and submitted to the IRS for what purpose? Answer:   A.…

A: Various taxes and forms are introduced by the Internal Revenue Services (IRS) in relation to the…

Q: Equipment... Salaries expense Consulting revenue Cash Utilities expense.. Note payable $12,000 9,000…

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

Q: ILLUSTRATE THE VARIOUS COST CLASSIFICATIONS.

A: Introduction: Cost classification primarily refers to the categorization of expenses based on their…

Q: 6. Given the following cost information for DeltaCorps Inc., calculate the flowing: Internal failure…

A: Costs of quality is an important part of management accounting in business. It shows prevention…

Q: Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The…

A: Common Stock: The ownership stake in a company that is represented by securities known as common…

Q: Prepare income statement Particulars Sales Purchases Salaries Ali Mamat Enterprise Trial Balance as…

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

Q: WHAT ARE SOME EXAMPLES OF POLICY CREDITS AND ADMINISTRATIVE GUIDANCE

A: Policy credits: The credit limit portion specifies the maximum amount of credit that consumers will…

Q: A price that can't be quickly or efficiently linked to a cost object is referred to as: Additional…

A: The costs that are easily tracked to the product are known as the traceable costs. Special domestic…