In financial analysis there is a possibility that business opportunities for growth will be uncovered

Q: Marigold Corp. will receive $720000 in a future year. If the future receipt is discounted at an inte...

A: The nominal future sum of money that a given sum of money is "worth" at a certain time in the future...

Q: 16. What is the balance of the accounts receivable after pencil footing the ledger? 38,000 debit O 1...

A: Accounts Receivable It is a money due to a firm for goods or services delivered or used but not yet ...

Q: Two types of intercompany stock purchases significantly complicate the consolidation process. The fi...

A: Introduction: A corporation's stock is divided into shares, which are units of equity ownership. For...

Q: 17. Walnut company received from a customer an 1-year, P200,000 note bearing annual interest of 8%. ...

A: The maturity value of note is calculated as sum of principal value of note and interest earned. 

Q: Required: (a) Prepare the Bank Reconciliation Statement of Success Company for the month of  July 20...

A: 1. Difference of $13544 between Deposits in Cash account of $33000 and Deposits in Bank Statement of...

Q: Which of the following factors will most likely have a negative impact or

A: Functions of Budget: Planning: It facilitates planning for future activities. Controlling: Budgets ...

Q: How is contribution margin calculated? What about contribution margin ratio? Aren’t they the same th...

A: Subtracting the selling price per unit from the variable cost per unit yields the contribution margi...

Q: Question 22. A complete commercial invoice can be used for accounting for duties instead of Canada C...

A: Solution Concept Commercial invoice                 The commercial invoice is the invoice generated ...

Q: factor(s) from the tables provided.) Required: 1. Assume the note indicates that Seneca is to pay Ar...

A: Journal entries refers to the official book of a company which is used to record the day to day tran...

Q: Lucky Clothing creates and sells t-shirts that can be customized. The cost of sales order processing...

A: Activity based costing is the costing method of allocation of the costs to the department or to the ...

Q: Record (in the T-shape) and journalize (on the Ledger):

A:   Journal Entries in the Books of Alfa Inc.   Date Particulars Dr Cr         March,28,2021 Sh...

Q: A company's employer payroll tax rates are 0.6%% for federal unemployment taxes, 5.4% for state unem...

A: Solution:

Q: REQUIRED: a.) At what amount should Prince of Wales record the building on July 1,2020? b.) What is ...

A:   Lease Term 10 year Annual lease Payment 750000 Fair Value of Building 4478000 Estimated ...

Q: Practice Exercises - Stock Options On November 1, 2020, Pronghorn Company adopted a stock-option pla...

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

Q: The partnership of Miner Company began operations on January 1, with contributions as follows: Wav...

A: Introduction:- The percentage stake that a partner holds in partnership assets is referred to as par...

Q: What is the times interest earned ratio for 2021?

A: Times Interest Earned = EBITDA / Interest Expense EBITDA = Earnings before Interest and Taxes + Depr...

Q: On January 1, 2021, Sheridan, Inc. purchased a machine for $2180000 which will be depreciated $21800...

A: Solution Concept If in case due to temporary difference The income for tax reporting is less than th...

Q: Peters operated at 80% of capacity during the year but applied factory overhead based on the 90% cap...

A: Overhead amount of cost is the cost which is incurred by the company in order to make the product wh...

Q: compute for throughput time

A: Throughput time or the period is the time in days or in hours which are required by the company in o...

Q: The accountant for the Goshen Company assembled the following data: June 30 July 31 Cash account bal...

A: *As per bartleby guidelines, in case of interlinked question answer first 3 only   A bank reconcilia...

Q: An electronic game listed at $103.00 less 30%, 7%, 5% is offered at a further reduced price of S58.6...

A: Formula: Additional discount amount = Net price - Offered price

Q: Bramble Inc., had the following condensed balance sheet at the end of operations for 2019. BRAMBLE ...

A: Cash flow statement includes: Cash flows from Operating activities Cash flows from investing activi...

Q: Which of the following reclassifications of financial assets is permitted under PFRS 9? a. reclassif...

A: A financial asset is a liquid asset whose value is derived from a contractual right or ownership cla...

Q: LMN Inc. has the following information available: 1 Compute the material price and quantity, and th...

A: Material cost variance: = (Standard quantity * standard price ) - ( actual quantity * actual price...

Q: What is accounting

A: Generally Accepted Accounting Principles (GAAP): A definitive objective of GAAP is to guarantee an o...

Q: He buys them at R10 each and sells them for R25. e Some tourists bought 10 units from Peter. a Purch...

A: "We’ll answer the first question since the exact one wasn’t specified. Please submit a new question ...

Q: Paragon Company Income Statements For the Years Ended December 31 20Υ7 20Y6 Fees eamed $1,300,000 $1...

A: Lets understand the basics. There are two type of income statement analysis is prepared by the manag...

Q: a calendar-year C Corporation, is considering investing in a business expenditure with a cost of $10...

A: Tax Credit: Tax credits are an instrument to reallocate pay to individuals on lower compensation. A ...

Q: Calculate Irene's gross income.

A: answer Interest, U.S. Treasury bills =1950 Interest, bonds issued by Ford Motor Company = 1700  

Q: Would an increase in variable costs per unit cause a company’s break-even point to increase or decre...

A: Variable cost is an amount that changes in total in proportion to the volume produced and sold howev...

Q: Bramble Inc., had the following condensed balance sheet at the end of operations for 2019. BRAMBLE ...

A: Cash flow statement includes: Cash flows from operating activities Cash flows from investing activi...

Q: tatement 1: Measurement period is relevant if Fair Value of Net Assets of acquiree includes the reco...

A:   While Acquiring Assets and Liabilities Acquirer does not recognize contingent assets acquired in a...

Q: 21. A company has two pieces of Inventory, A and B. Inventory A cost the company P40 per unit and ca...

A: The inventory should be reported at the lower of cost or market, subject to a ceiling and floor. Rep...

Q: On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During M...

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

Q: E21.8 (LO3) (Lessor Entries, Sales-Type Lease) Crosley Company, a machinery dealer, leased a machine...

A:   Present Value of lease: PV(rate, nper, pmt, [fv]), [type]) = -PV (6%,8,35004, , 1) = 230,410

Q: As of December 31, 2020, Yahiko, Konan, and Nagato have capital balances of P240,000, P370,000, and ...

A: Bonus to Nagato = Profit × rate 100 + rate = P120,000 × 20120 = P20,000

Q: The manager of the West store has concerns relating to the store’s financial performance and has ask...

A: Operating income (loss) = Gross profit - Total expenses Operating Income/(loss) % = Operating Income...

Q: Remy opened her ToursAFun business. During the first month, January, she completed the following tra...

A: There are three golden rules in accounting for recording the transaction : Debit what comes in , C...

Q: 13. Which is not acceptable for valuation of inventory? a. historical cost c. prime cost d. estimate...

A: Inventory should be valued at cost or Net realisable value whichever is lower.   ▪︎Cost may be the H...

Q: Suppose your business has cash of P50,000, receivables of P60,000 and furniture totaling P200,000. T...

A: Total assets = cash + receivables + furniture                              =  P50,000 + P60,000 + P...

Q: B. CAPITAL BUDGETING Situation: Assume that you are planning to invest for the expansion of your bus...

A: NPV : Net present value, or NPV, is used to calculate the current total value of a future stream of ...

Q: Compute for the capital gains tax.

A: Capital gains tax rate in the country which is Philippines is the 6% which is charged on the shares ...

Q: Instruction: For each transaction, identify the account debited and credited. Debit Credit 1 Clark L...

A: Introduction: Journals: Recording of a business transaction in a chronological order. First step in ...

Q: 4... Cullumber Corporation had the following 2020 income statement. Sales revenue   $213,000 Cos...

A: Cash received from customers = Sales - Increase in accounts receivables Cash paid to suppliers = Cos...

Q: Correcting the Trial Balance: Alpha received cash of $300 in advance from a customer that has not ye...

A: Adjusting journal entry: At year-end when the company finalizes its accounts then any unrecognized i...

Q: Georgia Products Inc. completed and transferred 193,000 particle board units of production from the ...

A: Equivalents units = Units completed and transferred + (Ending units x Completion ratio) Direct mate...

Q: Mason Painting Services has a weekly payroll of S30,000. December 31 falls on Wednesday and Mason wi...

A: Formula: Per day payroll amount = Weekly payroll / Five work days

Q: Compute for the ratio that measures how quickly Nezuko Inc. inventory converted into sales

A: Introduction:- Inventory Conversion Period shows how much time it takes to convert the inventory int...

Q: ABC, wholesaler, incurred the following costs: Purchase abroad ($ 1= P 50) $ 10,000 P 50,000 Import ...

A: Cost of Inventory Purchased: As a result, the processes required to determine the quantity of invent...

Q: Company E Income Statement For the Year ended December 31, 20Y1 Sales $5,254,000 Cost of merchandise...

A: Net other expenses and income means other expenses less other income   

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.