Which one of the following formulas is correct? O i) Profit margin = EBIT / Sales O ii) ROA = ROE / Equity multiplier O iii) Capital intensity ratio = 1 / Return on assets iv) Quick ratio = Cash / Current liabilities

Q: A review of Olaf Corporation's accounting records found that at a volume of 90,000 units, the variab...

A: The question is based on the concept of Cost Accounting.

Q: You are required show ALL supporting workings where necessary and state any assumption(s) made. Gre...

A: The question is related to Cost Volume Profit Analysis. The Sellling Price is calculated with the he...

Q: [The following information applies to the questions displayed below.]   Beech Corporation is a mer...

A:

Q: Oriole Enterprises purchased equipiment on January 1. 2020, at acost of €342,000. Oriale uies the st...

A: The question is based on the concept of Financial Accounting.

Q: Which of the following accounts would appear ona budgeted balance sheet? Multiple Cholce All of the ...

A: Solution: In a Balance sheet, Assets, liabilities and Equity accounts are represented. However reven...

Q: Freshmart Inc. began operations last year when it produced and sold the same nuber of units. This ye...

A: Fixed overhead cost for 750 units = ($30,000 / 1,000) x 750 = $22,500

Q: The following investment account was taken from the general ledger of One Dream Investment Company: ...

A: Fair value as Decemeber 31, 2023 = 1800000 x 105/100. = 1890000 Fair value as on Decemeber 31, 2022 ...

Q: ry 1, 2016, Truffle Corp. issued 9% bonds in the face amount of P 5,000,000, which maature on Janaur...

A: Solution: Under interest method of bond amortization, Discount amortized is difference between cash ...

Q: Determine the fixed cost given the following information: Lowest level of activity – 200 units at a...

A: Answer) Calculation of Total fixed cost Using high-low method Fixed cost = Highest Activity total co...

Q: Accounting At the beginning of the year, Ernie has a 60% capital and profits interest and Bert has a...

A:                           Partnership interest means a partner's share in the profits and losses of ...

Q: December 31, 2021 at 96. Interest is payable annually White Company issued P8,000,000 12% bonds paya...

A: Solution A journal entry is used to record a business transaction in the accounting records of a bus...

Q: Which of the following is not a common difference between net business income on the books (followin...

A: * As per Bartleby policy, if question are unrelated then answer first only. As per IRS , business me...

Q: 10.Which of the following is not a reason that worker involvement is important in an effective  perf...

A: All the options given above are right from A) to D), as they all effects the efficiency of worker. B...

Q: The components M1 and M2 are used in the manufacture of an article. The following. data relate to th...

A: Dear student as per bartleby guidelines we are supposed to answer only first 3 subparts kindly post ...

Q: A, B and C are solidary debtors for the amount of P45,000 from F. Mr. B has already paid P20,000 to ...

A: Solidarity debtors means where one or more of several debtors are liable to pay whole amount. And on...

Q: Item Nos. 20 and 21 are based on the following information: In its first year of operations, the par...

A: Partnership Account - A partnership is a mutual agreement enter into by two or more entities for the...

Q: Calculate the amount of the annual rental payment required. (Round present value factor calculations...

A: The question is based on the concept of Financial Accounting.

Q: Pure Self-Employment Architect Adira offers architectural design services. She is also the sole prop...

A: Solution Income tax liability is the amount of money in the form of tax debt you owe to tax authorit...

Q: The income statement reveals a. resources and equities of a firm at a point in time. b. resources ...

A: Financial statements consists of Income statements, Balance sheet and statement of financial positio...

Q: Duck Corporation "forecasted" on December 21, 2020 to sell a machine to a company in Italy. The sell...

A: A forward contract is a type of derivative instrument which is used to hedge against risk. The forwa...

Q: Given the following data: Selling price per unit Variable production cost per unit Fixed production ...

A: Break-even point is the situation where the firm neither earns any profits nor suffers any losses.

Q: Required information [The following information applies to the questions displayed below.] The Town ...

A: Journalizing the entry is the recording of entry at the time of occurrence of the transaction.

Q: The company is desirous of comparing several financial transactions and possible outcomes to assist ...

A: Journal entry - It refers to the process where the business transactions are recorded in the books o...

Q: [The following information applies to the questions displayed below.] Iguana, Inc., manufactures bam...

A: The question is based on the concept of Cost Accounting.

Q: True or False True False

A: The question is related to Cost Accounting. 

Q: to the individual or company that 3. A security is issues it. to the person who buys it, but A) asse...

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: ow can fluctuations in exchange rates impact Zara especially in dealing with international busines

A: The rate at which one country's currency may be exchanged for another country's currency is known as...

Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year roun...

A:

Q: 1. The Cost of Sales during the period is equal to 65% of net sales. This resulted to a gross profit...

A: Evert business requires assets and liabilities to prepare their Balance Sheet. They are the number v...

Q: Multiple Cholce $415,000. $56,814. $204,636. $210,364. $153,550.

A: Solution..     Fixed cost = $153,550  Contribution margin ratio = 37%  Break even sales revenue = ? 

Q: owing information applles the questions displayed be Trey has two dependents, his daughters, ages 14...

A: In this question, we have to calculate the amount of child tax 

Q: What is the estate equity (deficit) in the opening journal entry made by the receiver in its books?

A: Answered:

Q: Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise invent...

A: The ratio analysis helps to analyse the financial statements of the business. The total assets turno...

Q: Ehrlich Company reported the following information for 2021: Sales revenue $2,500,000 Cost of goods ...

A: Comprehensive Income Statement: When combined with standard net income, the statement of comprehensi...

Q: On July 1, 2022, bonds of P2,000,000 face amount were Interest on the bonds is payable semiannually ...

A: The procedure of entering commercial transactions for the very first time in the books of accounts i...

Q: 6.If return on investment is a measure used on the balanced scorecard, under which perspective  woul...

A: 6. Return on Investment measure is used under Financial Perspective. 7. Benchmarking is the process ...

Q: A manufacturing company plans to replace an existing production line with a newer and more energy ef...

A: Savings in expenses refers to the amount by which a particular expense or a set of expenses are redu...

Q: eakeven sales in units will decrease by 4,000 units, how much will be the increase/decrease in profi...

A: The breakeven point is where the firm makes no profit or loss . In other words , the contribution ma...

Q: Directions: Establish the following T-Accounts. Write your answers on a separate sheet of paper. Mas...

A: The t-accounts are prepared to record the transactions to specific accounts and find the final balan...

Q: Super Pharma Company had the following transactions: 1. Issued capital stock for $935,000. 2. Purch...

A: Solution: A trial balance is a worksheet in which the balance of all ledgers are reported into debit...

Q: During the auditor's risk assessment procedures, a meeting was held together with the company's mana...

A: Assertion: For financial records and disclosures to be accurate and suitable, assertions must be exa...

Q: Tony Corporation has a construction contract in progress as follows : Total contract price: $550 mil...

A: The question is related to the IFRS 15  "Revenue from Contracts with customers" or "Construction Con...

Q: Chavez Wholesale Inc. changed its method of valuing inventory from the average cost method to the FI...

A: To generate a journal entry, you enter transaction records into your company's books. Your journal e...

Q: Exercise 6-10 Multiproduct Break-Even Analysis (LO6-9] Lucido Products markets two computer games: C...

A:

Q: On December 31, 2020, Dow Steel Corporation had 610,000 shares of common stock and 301,000 shares of...

A: EPS termed as Earnings per share which states that how much amount of money that business makes from...

Q: Date Accounts title & Explanations Debit S Credit S Sep-01 Cash 20000 Owner's Capital 20000 Sep-02 R...

A: Journal entry - It refers to the process where the business transactions are recorded in the books o...

Q: version (% is of Mater is of Conv

A: Computation of Units to be Accounted for:

Q: Question text Dickson Manufacturing Corp., a company reporting under IFRS, has a defined benefit pen...

A: Plan assets means investment held for benefit of employees inrelation to defined benefit plans.

Q: Raine Company has a machine that originally cost $170,000. Depreciation has been recorded for five y...

A: Depreciation as per straight line method = (Cost - Salvage value) /useful life = ($170, 000 - $12, 5...

Q: Allie purchased an office building on October 23, 2018 for $150,000. She uses this building in her b...

A: As per MACRS depreciation table, office building qualifies for 39 year, straight line class. As per ...