For each of the following business stakeholder groups mata about the business. Will I earn a bonus this year? O Employees/Unions O Potential Investors O Shareholders/Board of Directors O Management O Auditors O Creditors
Q: Problem #2 (Adapted) – Vertical Analysis The following date relate to Bravo Company for the year…
A: GIVEN The following date relate to Bravo Company for the year 2018: Sales P800,000 Cost of goods…
Q: During 2019, ABC Company issued 50,000, P100 par value convertible preference shares for P120 per…
A: Step 1 ABC Company issued 50,000, P100 par value convertible preferenceshares for P120 per share…
Q: Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $183,800, how…
A: Introduction: Break even point: The point where there is no profit nor loss for the units sold…
Q: statement in 2020?*
A: The cost of goods manufactured (COGM) is the sum of the cost of direct labor used, the cost of…
Q: eather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $20 per unit.…
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: On January 1, 2020, Billy Company sold equipment that originally cost $5,000,000 to Selecta Company.…
A:
Q: What guidelines must be followed to classify a transaction as associated with the principal of an…
A: Generally accepted accounting principles are standard accounting principles, standards and…
Q: Discuss the best reason(s) for using the allowance method and give some examples of companies that…
A: The reasons for using the Allowance method are discussed hereunder : There are two methods to…
Q: is and Paco have capital balances of P 90,000, P respectively and they share profits in the ratio of…
A: Solution: When a partner is retired from partnership, and his share is acquired by existing partner,…
Q: S1: A company that produces salt will most likely use a job-order costing system to accumulate…
A: Job order costing : Job order costing method is applied when manufacturer receive the order for…
Q: On March 1, 2022, ABC Co. was contracted to construct a building for a customer at a total contract…
A: Solution: Under percentage of completion method, revenue is recognized based on % work completed…
Q: Select one: a.voluntary reorganization. b.bankrup
A: In bankruptcy, a trustee is appointed by the court who sells your assets to pay back to the…
Q: pment changes cash flows as fo s $5/pinball $1/pinball st: $1000 per year
A: Break even point unit is minimum number of pinballs necessary to recover the fixed cost of each…
Q: ABC has developed a new kitchen utensil. The firm has conducted significant market research and…
A: >Target cost is the cost of the product that has been determined by analysing the difference…
Q: 828 Company is considering the purchase of equipment that would allow the company to add a new…
A: Payback period is the number of years or period in which original investment amount can be…
Q: Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by…
A: Solution: Budgeted direct materials purchases is computed as = Total units of raw materials needed…
Q: Oriental Company follows the procedure of debiting bad debt expense for 2% of all new sales. Sales…
A: Formulas: Accounts written off during the year = beginning Allowance for Bad Debts + bad debts…
Q: Under what circumstances does an estate have an executor
A: An Executor of Estate is a person or institution appointed by a court who is responsible for…
Q: Mr. Uno had the following records of his horse races in the current month of 20X1: Туре of Cost of…
A: In horse winning, a person has to pay tax at the rate of 10% on winnings amount after deducting the…
Q: In a typical 5-day period, the operations team programs a machine to work for 94 hours. Changeovers…
A: Introduction:- The gold standard for assessing industrial productivity is OEE (Overall Equipment…
Q: An existing machine in a factory has an annual maintenance cost of Php 40,000. A new and more…
A: An existing machine in a factory has an annual maintenance cost of Php 40,000. If same cost to be…
Q: Donut Inc. issued 20,000 common shares in exchange for all the outstanding shares of Munchkin Inc.…
A: Purchase consideration is the consideration paid or payable in cash or in-kind including in the form…
Q: Select all the items that are not relevant for decision making from the list below: A. Loss…
A:
Q: Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake…
A: Treasury stock: Shares which are bought back by the company from the open market but not retired…
Q: If Department 1 had put 95,000 units into process during the period and had ending units in process…
A: Units transferred to Department 2 = 95,000 - 21,000 = 74,000
Q: On January 1, the Matthews Band pays $66,400 for sound equipment. The band estimates it will use…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: if magui will invest her money today worth 500000 in JMC Mining company, how much is the expected…
A: The amount of investment today is the present value of annual income at target yield for 10 years.
Q: Why would an investigator interview the prime suspect last in the interview proces
A: Fraud investigation is an important area in accounting especially after big fraud scandals like that…
Q: Zelda owns a 60 percent general interest in YZ Partnership. At the beginning of 2020, the adjusted…
A: Zelda's Share = 60% Income/ Loss is determined after taking consideration all the income and losses…
Q: Problem 1-2 Identification of Accounts Indicate whether each of the following accounts is an asset…
A: There are three elements of accounting equation. These are assets, liability and equity. Total…
Q: uired: 1. Compute the profit-linked productivity measure. By how much did profits increase due to…
A: Productivity measures are undertaken to improve the overall profitability in an entity, these…
Q: Assume the following production data taken from the records of CONEY Manufacturing Co:…
A: Solution: Equivalent units under FIFO method = Units in beginning WIP * % completed during the…
Q: ABC Company uses a backflush costing system with three trigger points: Purchase of direct materials…
A: Backflush costing system means the system which first calculated the cost of goods produced and cost…
Q: Assume the following production data taken from the records of CONEY Manufacturing Co:…
A: Equivalent units under weighted average method = Units completed and transferred out + Units in…
Q: GHI Company compensates its employees for certain absences for vacation and sickness. Employees are…
A: Compensated absences are those leaves taken by the employee for which company will pay if employee…
Q: A computer is purchased for $1,521.55 on June 7, 2014 and a desk is purchased for $1,444.44 on…
A: Useful life: Assets Year Computer 5 year Desk 7 year Depreciation in 1st Year = Cost x…
Q: Carla Vista provides shuttle service between 4 hotels near a medical center and an international…
A: Contribution margin ratio = $32,184 / $40,240 = 80% Contribution margin per unit = $32,184 / 1490 =…
Q: A lessor has entered into a lease agreemen nssee to classify the lease as a capital leas collection…
A: The answer has been mentioned below. Note: Attempting the first question only. kindly…
Q: Janet Wooster owns a retail store that sells new and used sporting equipment. Janet has requested a…
A: The cash budget is prepared to record the cash receipts and cash disbursements during the period.…
Q: ABC Company uses a backflush costing system with three trigger points: • Purchase of direct…
A: Backflush costing is the one in which cost are calculated when goods are finished. This costing is…
Q: What is the process of abatement? Select one: a.The establishment of how the creditors will be…
A: An abatement is a reduction or an exemption on the level of taxation faced by an individual or…
Q: Among other select appliances, Lincoln Appliance Company sells high-end refrigerators on a…
A: GIVEN Among other select appliances, Lincoln Appliance Company sells high-end refrigerators on a…
Q: How much is the additional allowable training expenses, if any?
A: Additional allowable training expenses is the deduction which is allowed legally to the company…
Q: 2. Using the Data Table What-If Analysis tool in Excel, determine the Units and Operating Income…
A: Product A Product B Product C Total Units 32,000 5,000 3,000 40,000 Price per unit $11.00…
Q: Greiner Company makes and sells high-quality glare filters for microcomputer monitors. John Craven,…
A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…
Q: please dont use excel and show ur solution. (NO NEED TO CONVERT INTO PERCENTAGE. TWO DECIMAL POINTS…
A: Debt to equity ratio = Total Debt/ Shareholders equity
Q: An example of an item which is not a liability is a. The portion of a long termdebt due within one…
A: As per the guidelines, only one question is allowed to be answered. Please resubmit the question…
Q: Rush issued callable bonds on January 1. 2021. Rush's accountant has projected the folowing…
A: Solution: Face value of bond = $330,000 Semiannual interest payment = $16,500
Q: Khloe Company imports gift items from overseas and sells them to gift shops and department stores…
A: Cash budget shows the ending cash balance as a result of cash inflows and outflows of the company's…
Q: Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The…
A: Solution 1: Selling price of sofa 1950 Less: Variable cost per unit of Sofa 1350…
Step by step
Solved in 2 steps
- Assuming that a study on risk management practices among 848 entrepreneurs is being made and some of the questions asked their educational attainment, nature of their business, the daily hours of work spent on their business, the numbers of years that the business is operating, their present capitalization and the current number of personnel. REQUIRED: How many elements are there?aims to identify, record, and communicate information about business activities. It helps assess opportunities, products, investments, and social and community responsibilities. Users of accounting are both internal and external. Some users and uses of accounting include (a) managers in controlling, monitoring, and planning; (b) lenders for measuring the risk and return of loans; (c) shareholders for assessing the return and risk of stock; and (d) employees for judging employment opportunities. Opportunities in accounting include financial, managerial, and tax accounting. Csuterstack/Fory burrow OGlow Asia/Saperstock 130s :00/ 0:58 1x CC Knowledge Check 01 Match the term and the definition. Definition The recording of transactions and events only, either manually or electronically. An information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.Corporate Finance Application Complete both parts of this assignment. You will work on some of these pieces earlier in the course when you submit the Module 3: Portfolio Milestone and the Module 5 Portfolio Milestone. Part One: Ratio Analysis Pick one debt ratio and one profitability ratio, which you did not analyze, from the week three portfolio milestone. Research a publicly traded technology company and access the financial statements needed to calculate those two ratios. Provide a cross-sectional analysis comparing the results from TechnoTCL Download TechnoTCLand your chosen company for the two ratios. Prepare a presentation (maximum of 4 slides – no speaker notes required) with the following information: Slide One: Analyze the two ratios including how the ratio is calculated and how it is used. Slide Two: Introduce the public company chosen, describe the information used for the ratios and calculate the two selected ratios. Slide Three: Show the two ratios for the two companies…
- What are the long-term prospects for this company? O Management O Shareholders/Board of Directors O Auditors O Creditors Potential Investors O Employees/Unions. Financial Statement is a statement prepared for: Evaluating past performance O Predicting future performance Provide indices of business enterprises O All of aboveAn accounting and finance career goal statement should be approximately one paragraph that describes the kind of position and field one would like to move into in the future. What industry does this person hope to find themselves in if they're career goal is to be in the accounting and finance field? What are the skills do they hope to utilize in this position?
- As a company's management accountant you would: Select one: а. Be involved in the yearly reporting of financial performance b. Be primarily concerned with the reporting of past data C. Prepare plans and forecasts for the future activities of the business d. Be primarily concerned with providing information to shareholders on how management are doingQuestion: Define and discuss each of the following by providing at least 2 practical examples: Limited Partnership; Limited Liability partnership; Professional corporation? A friend asked you to reveal important financial information of the company, being a finance manager of the company what would you do? Justify by considering ethics in finance. Describe mechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?What lesson does the future value formula provide for young workers who are looking ahead to retiring some day? What is the Effective Annual Rate (EAR) and what is its purpose? The value of a share of common stock in a corporation is directly related to the general rights of shareholders, particularly as it applies to the right to vote for directors. Discuss at least four (4) additional rights that common shareholders have.
- Communication Todd Johnson is the Vice President of Finance for Boz Zeppelin Industries Inc. At a recent finance meeting, Todd made the following statement: The managers of a company should use the same information as the shareholders of the firm. When managers use the same information to guide their internal operations as shareholders use in evaluating their investments, the managers will be aligned with the stockholders profit objectives. Prepare a one-half page memo to Todd discussing any concerns you might have with his statement.Subject: Financial Strategy & Policy We studied the application of Residual Dividend Model in the chapter of Dividend Policy. Now your task is to write Advantages and Disadvantages of using this model by an organization. Course reference book is Fundamental of financial policy 12th Edition.Part AThe corporate disclosure practice will help all the stakeholders to understand and measure businessoperation. Annual financial statement and particularly income statement is one of the most important ones.However, a company's reported profits will be impacted by different factors, including when particulartransactions and events are recognised and how such transactions and events are measured.Requirement:1) Using earning management concept, discuss why the timing of recognising events that impactincome, revenue or profit or expenses are important for managers?"Maximum 1000 words."Part BABC Ltd has incorporated a bonus plan that rewards the board of directors (executive members) by providinga bonus of 3 per cent of reported profits. This is an Accounting-based incentive that has the advantage whichthe accounting results may be based on subunit or divisional performance."A well-informed labour market will motivate management to work to maximise the value of its…