Which TWO of the following can big data analytics be used for? To ensure decisions are based on data free from bias O To aid decisions on appropriate product development To inform management of what will happen in the future To forecast conditions which impact costs

Q: You have been appointed to assist the accountant of Catalyst (Pty) Ltd to prepare the financial…

A: Q.1.1 Discuss which elements of the statement of financial position the acquisition of the land…

Q: Required: Prepare a cash budget for September and October.

A: Step 1: Computation of cash collection for salesParticularsSeptemberOctoberBudgeted sales…

Q: 3. Does a qualified opinion on management’s assessment of internal controls over the financial…

A: Answer:- Auditing meaning:- Auditing is an independent examination of the financial statement of the…

Q: Current Liabilities Long-Term Debt Common Stock, $10 par Paid-in Capital in Excess of Par Retained…

A: When a company purchases another company and takes control over another company, it is called…

Q: Anteater company produces 8.000 units and its average costs per unit are as follows: Particulars…

A: Total manufacturing costs refer to the sum of all expenses incurred during the production process of…

Q: Two grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a…

A: The direct materials budget is prepared by the business entities for the purpose of computing the…

Q: Exercise 16-24 (Algo) Entries for transfer of goods across departments LO P4 Required: 1. Compute…

A: Process costing is used in the manufacturing of products that are required to undergo more than one…

Q: Additional Problems with Answers Problem 3 Retained Earnings: The West Hanover Clay Co. had, at the…

A: Retained earnings :— It is the amount of remaining profit after paying all the expenses of company…

Q: Cort Inc. was authorized to issue $1,000,000 of 12 percent bonds. On April 1, 2022, the corporation…

A: The journal entries are prepared to record the transactions on regular basis. The bonds are the…

Q: Use the following information to compute the cost of goods manufactured. Assume all raw materials…

A: Cost of goods manufactured: Cost of goods manufactured means total manufacturing costs; including…

Q: Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and…

A: The cash flow statement is the one of the financial statement of the business. The various…

Q: Max a single taxpayer has a $280,000 loss from his sole proprietorship in 2022. How much of this…

A: An excess business loss refers to the amount by which the total deductions from a taxpayer's…

Q: In February 2023, Wildhorse Construction signed a contract and commenced construction on a parking…

A: Journal entries refer to the recording of the monetary transactions in the debit and credit format…

Q: Research the topic "Puerto Rico as a Domestic Tax Haven: Relocating as an Alternative to…

A: A brief summary of the rules, beneficiaries, benefits, and tax planning tips based on the…

Q: On June 30, 2020, Shamrock Company issued $3,340,000 face value of 14%, 20-year bonds at $3,842,540,…

A: Amortization table:

Q: On December 31, 2020, Petra Company invests $33,000 in Valery, a variable interest entity. In…

A: Balance Sheet is a statement that shows the financial position of a company. The basis for…

Q: Which of the following are measures of effectiveness for a government funded school? (1) The number…

A: The question asks about measures of effectiveness for a government-funded school. Measures of…

Q: Part U67 is used in one of Broce Corporation's products. The company's Accounting Department reports…

A: In make or buy decision, management has to decide between making a product inside the company or…

Q: Cullumber Company reported the following information for 2020: Sales revenue Cost of goods sold…

A: A comprehensive income statement is a statement that is an extension of the income statement and…

Q: Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning…

A: Under FIFO method the oldest products in inventory have been sold first.Under moving average model,…

Q: AVX Home Entertainment Incorporated recently began a "no-hassles" return policy. A sample of 650…

A: Given information,Sample = 650 customers ,Policy was fair =430 customers Too long to complete the…

Q: Jacoby Company received an offer from an exporter for 26,400 units of product at $18 per unit. The…

A: Differential Analysis: Differential analysis refers to the analysis of differential revenue that…

Q: The cost of the automobile is $20,000 including HST. If the car is leased, the monthly lease payment…

A: If the employee drives an employer provided  car for more than 20,004 km for personal use in a year,…

Q: Wildhorse Company has 1,990 kg of raw materials in its December 31, 2022, ending inventory. Required…

A: Desired ending inventory = Budgeted production for February X Raw material required per unit x 25%=…

Q: James Johannsen, a Carpenter Helper in your Boise, Idaho office has 4 years of experience with your…

A: Compa ratio is the measure of current pay rates that are presented as percentage of range midpoints.…

Q: pare the schedule of cost of goods manufactured for Barton Company using the following information…

A: The cost of goods manufactured includes the cost of goods that are finished during the period. The…

Q: The Wham Company provides the following information: Sales (150,000 units) Manufacturing costs:…

A: Break even point  is an important tool used in cost volume profit analysis. Break even point :It is…

Q: 1. The following information was obtained from ABC's Statement of Cash Flows: Net cash flow from…

A: Cash Flow StatementOne of the two approaches that can be used to create the cash flow statement is…

Q: Walbin Corporation uses the weighted-average method in its process costing system. The beginning…

A: In fields involving continuous manufacturing processes, process costing offers useful data for…

Q: Includes claims to specific assets in the event of default Group of answer choices Secured…

A: These claims are often outlined in various legal agreements or contracts, such as loan agreements,…

Q: On January 1, 2024, Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable…

A: The bonds have a specified maturity date, at which point the issuer is obligated to repay the…

Q: Which of the following would NOT be included as an asset on a corporate balance sheet? lect one: O…

A: Assets means It is a resource with economic value that an individual, corporation, or country owns…

Q: Assume the following information from a schedule of cost of goods manufactured:   Beginning work in…

A: Indirect costs incurred while producing goods or services. Overhead costs cannot be directly…

Q: Retained earnings ?

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

Q: XYZ Corporation has purchased a new piece of machinery for $75,000. The piece of equipment should…

A: Depreciation is considered an expense charge on the value of the Asset. It can be calculated by…

Q: 1 FIFO 2 LIFO

A: First in First out method:-FIFO means First-in-first-outIt is one of the inventory valuation…

Q: Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $155,500 has an…

A: JOURNAL ENTRIESJournal Entry is the First stage of Accounting Process. Journal Entry is the Process…

Q: Kinnear Plastics manufactures various components for the aircraft and marine industry. Kinnear buys…

A: The cost of a material per ton of weight of that material is typically measured in terms of a unit…

Q: Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of…

A: DIRECT LABOUR COST VARIANCEDirect Labour Cost Variance is the difference between the actual direct…

Q: Lusk Corporation produces and sells 14,300 units of Product X each month. The selling price of…

A: Dropping a Product line decision :While taking decision regarding adding or dropping a product…

Q: Sell at Split-Off or Process Further Decision, Alternatives, Relevant Costs Vihaan Chemicals…

A: Answer:- Sell or Process Further Decision:- When a manufacturing process yields two or more…

Q: University Car Wash purchased new soap dispensing equipment that cost $270,000 including…

A: Depreciation means the amount fixed assets written off due to normal wear and tear, normal usage,…

Q: (For all requirements, round your answers to 2 decimal places.) 1. Times interest earned ratio 2.…

A: Ratio analysis used identify the business performance of the company.It is used to measure financial…

Q: Leach Incorporated experienced the following events for the first two years of its operations. Year…

A: Financial statements are the statements that are prepared by the entity every year at the end of the…

Q: Manning Company produces a product that has a variable cost of $61 per unit and a sales price of $97…

A: Net Income:Net Income can be calculated by deducting the variable costs and fixed expenses from the…

Q: Provide key points that must be there in the client’s procedures on stock count.

A: Stock count refers to the process of physically counting and verifying the quantity of goods or…

Q: [The following information applies to the questions displayed below.] Valley Company’s adjusted…

A: Income Statement -The income statement includes Revenue earned and Expenses incurred during the…

Q: A company issued 8%, 5-year bonds with a par value of $2,070,000, on January 1. Interest is to be…

A: When the contract rate of interest is more than the market interest rate, the bonds are issued at…

Q: 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your…

A: Gross Profit is the difference between the Sales and the Cost of Goods Sold.

Q: Recent financial statements of General Mills, Inc. report net sales of $12,734,750,000. Accounts…

A: ACCOUNT RECEIVABLE TURNOVER RATIOAccount Receivable Turnover Ratio is the Ratio between Net Credit…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.