what types are frauds are possible in revenue cycle?
Q: Pompeii's Pizza has a delivery car that it uses for pizza deliveries. The transmission needs to be…
A: NPV for present Car: $ 55,582 NPV of new Car: $ 68,253 Detailed explanation Given Below: PV @ 12 %…
Q: what is the CIP as of 2021?
A: CIP means Construction in Progress . Under CIP general ledger, the cost of assets and expenses…
Q: Which of the following is true of relevant costs? a.Relevant costs are sunk costs that alter future…
A: Sunk cost is the cost which was incurred in past.It is not relevant for decision making.
Q: All of the stock of Hartz and Ryder Corporations is owned by Morgen. Hartz Corporation has been…
A: Two companies 100% owned by a single person i.e. one proprietor holding 100% shares are known as…
Q: The beginning balance of supplies is $4000. On December 31st, the physical count of remaining…
A: Supplies used during the year = Beginning balance of supplies - Physical count of remaining supplies…
Q: Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, All…
A: Variance is considered as the difference between budgeted value and actual results. The management…
Q: Provide the missing data in the following table for a distributor of martial arts products: (Enter…
A: The ratio is the representation of the relation between the two numbers. In accounting, ratios' are…
Q: Purpose: To ascertain whether service revenue recognized during December, year 7, is complete and…
A: Service revenue- Service revenue is the sales reported by a industry that relate to services…
Q: Example 1) Fair value through profit or loss: Equity investment ABC Co. had the following…
A: Accounting for trading investments were include the recognition of purchase, sale, profit, or loss…
Q: He belongs to a medical aid fund to which he contributed R3 000 per month to during the year of…
A: Introduction: When one account incurs expenditures or receives money on behalf of one or more other…
Q: Northern, Inc. just finished its second year of operations. In the first year it produced 1,000…
A: Total production costs = Total Variable production costs + Fixed manufacturing overhead where, Total…
Q: On June 1, 2018, Coronado Company and Whispering Company merged to form Metlock Inc. A totalof…
A: Earning per share tells how much each share of company's stock makes money. The tax rate given is…
Q: On December 31, the stockholders' equity section of the balance sheet of Monk Associates reflected…
A: Source of raising funds includes: Issue of common stock Issue of debts securities i.e. Bonds,…
Q: On January 1, 2021, Heaven Inc. reported the following shareholders' equity: Preference share…
A: The retained earnings of the business comprises of accumulated profits of previous year profits and…
Q: ry corporation is a mid sized public company that had been in operation for many years. December 31,…
A: Closing entries are accounting entries made to close the books of accounts. They are used to close…
Q: On January 1, 2017, Nobel Corporation acquired machinery at a cost of ₱800,000. Nobel adopted the…
A: Depreciation is expense. Expense reduce the net income due to which less tax required to be paid.…
Q: On January 1, 2017, Jace and Naya Corporation acquired equipment at a cost of ₱1,800,000. Jace and…
A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…
Q: QUESTION 1 Ava Consulting issued 1430 shares of previously unissued common stock with a par value of…
A: The debit to cash will be amount received on issue of shares
Q: Pat Company uses activity-based costing. The company has two products: A and B. The annual…
A: Cost per unit of Product B under activity-based = Allocation of total cost to product B / No. of…
Q: apital (P25 par value, 100,000 shares) 2,500,000 Share premium 3,000,000 Retained earnings…
A: Heaven Inc discovered late in 2021 that 2020 depreciation expense was overstated by 500,000.…
Q: In an attempt to increase sales, Kingbird, Inc. began a special promotion on September 1, 2021. A…
A: The journal entries are prepared to keep the record of day to day transactions of the business.
Q: QUESTION 1 Ava Consulting issued 1180 shares of previously unissued common stock with a par value of…
A: Solution: Additional paid in capital is the capital which is the excess of issue price from par…
Q: andard material cost per kg of raw material is $8.75. Standard material allowed per unit is 6 Kg.…
A: Standard cost per output unit = Standard quantity × Standard price
Q: TRUE OR FALSE? An item of property plant and equipment can be asset held for sale.
A: The assets of the business are classified as current assets, fixed assets, tangible assets or…
Q: On January 1, 2017, NBM Corporation acquired machinery at a cost of ₱500,000. BMB adopted the…
A: As per IAS 8, Accounting policies, changes in Accounting estimates and errors A change in method of…
Q: Question Content Area Steven Company has fixed costs of $271,352. The unit selling price, variable…
A: The break even point for the entire company can be calculated as ratio of fixed costs and weighted…
Q: Nike uses a job order cost system and applies factory overhead to production orders on the basis of…
A: Total manufacturing cost indicates the sum of the direct and indirect costs related to the…
Q: Fabienne Talent Agency has a beginning capital amounting P 1,250,000, an additional investment of P…
A: Statement of changes in equity is prepared to get closing balance of stockholders equity which will…
Q: 3. On June 9, Dzeko Co. paid Nike store in full. Date Accounts titles Debit Credit June 9
A: Journal is the book of original entry in which all the financial transactions of the business are…
Q: Asset Turnover = 0.90 Payout Ratio = 0.60 Price Earnings Ratio = 12.0 What is the dividend yield…
A: Dividend yield ratio is a financial ratio that measures percentage return earned from dividend…
Q: Which of the following statement(s) related to budgets is/are TRUE? O In preparing a master budget,…
A: A budget is prepared with a view to estimate the revenues and expenses of the firm over a particular…
Q: The partnership contract of NRR Partnership provided for the division of net income or losses in the…
A: A partnership is an agreement where two or more person agrees to do business. The terms of this…
Q: Why an internal control system can only provide reasonable assurance on the achievement of an…
A: Internal Control is the process designed, implemented and maintained by those charged with…
Q: General obligation long-term debt
A: According to the question, the total fund balances of a county government are $23,000,000, and the…
Q: During February 2022, the following occurred in the business of Nam-Tura Trading, a general dealer:…
A: In the context of the given question, we are going to determine the drawings from transactions as of…
Q: On May 1, Boyz Security Services rented office space and paid two month's rent in advance in the…
A: The rent paid in advance is referred as Prepaid Rent. The amount paid is P 8000 The working is shown…
Q: An entity purchased 4 year debt instruments with a face value of P15,000,000 on January 1, 2019 to…
A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: On January 1, 2021, Heaven Inc. reported the following shareholders' equity: Preference share…
A: Total stockholders equity is the source of company's assets. Total Stockholders equity = Total…
Q: Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: SP SQ…
A: Formulas: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour) x Actual…
Q: Sales variance is the difference between sales price and ---------- Labour rate variance Sales…
A: Sales variance =Actual sales - budgeted sales = Actual quantity * actual price - budgeted quantity *…
Q: Cash Budget The controller of Sonoma Housewares Inc. instructs you to prepare a monthly cash budget…
A: Cash Budget is the estimates of total cash inflows and total cash outflows during a future specific…
Q: A company's sales for the coming months are as follows: April, P175,000 June, P140,000 August,…
A: The Cash Budget is the total estimation of the total cash receipts and the total cash to be disburse…
Q: The amount of sale to qualified PWDS INCLUSIVE of VAT is P1,120,000. Under the law, senior citizens…
A: Introduction Persons With Disability (PWDs) according to republic act 10754 are eligible to get a…
Q: Blossom, Inc. prepared the following master budget items for July: Production and sales 22,000 units…
A: The flexible budget is prepared for actual units produced with budgeted rates.
Q: 1 What is stakeholder? Explain their influence and why?
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a…
A: Section 302(b)(2) states the redemption test for determining whether the shares remained with the…
Q: predict its outcome though it is not expected to have a material adverse effect on the company. In…
A: The given cases are about to decide whether these are contingent gains or contingent losses and…
Q: Julio Estela started a small boat repair service company during the current year. He is interested…
A: An income statement is a financial report that indicates the revenue and expenses of a business. It…
Q: I-Mar ssue 5,000 additional shares of prelerred stock for S102.50 per share Issue 100,000 additional…
A:
Q: Hindi Kho Kaya Corporation is using the cost model for noncurrent assets. On November 1, 2020, the…
A: As per IFRS 5, Non current assets held for sale and discontinued operations, Specifies that an…
what types are frauds are possible in revenue cycle?
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