If insouciant abatement is very costly, which of taxation or licenses is preferable?

Q: Statz Company had sales of $1,600,000 and related cost of goods sold of $1,150,000 for its first yea...

A: Customer refunds payable=Sale×1.5%=$1,600,000×1.5%=$24,000

Q: The trial balance below was extracted from the books of CiciCaca Enterprise as at 31  Mac 2020:  ...

A: Income statement is prepared from the figure of adjusted trial balance and the figure in trial balan...

Q: Particulars Debit Credit Cash at bank 14,880 RM RM ТОТAL 680,550 680,550 Capital 1 February 2019 101...

A: Profit and Loss Statement for the year ended 31st Jan, 2021 Particulars Amount (RM) Particulars A...

Q: Shipping, selling, marketing, sales order processing, return processing, and advertising activities ...

A: Shipping, selling, marketing and advertising activities are indirect cost to the product or the acti...

Q: short notes on: written management representations, audit completion memorandum, The management lett...

A: Audit is the term which is defined as the independent examination of the entity financial informatio...

Q: the following independent scenarios? A, Peppers is insolvent, and the land and related mortgage are ...

A: Income tax can be defined as the amount of compulsory charge being levied upon the income earned by ...

Q: your line manager wants to assess your understanding and ability to prepare and produce the appropri...

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts f...

Q: Till in the blanks For euch of the pollowing independent coes. In all situation , selling price is P...

A: Under the absorption costing, the fixed manufacturing overhead is treated as product cost and includ...

Q: 1. If you have the following information about ice-cream manufacturing unit Year Net Discount rate R...

A: Net present value means the difference between present value of cash inflow and present value of cas...

Q: On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/...

A: Under perpetual Inventory system, record of inventory is also made with every sale or purchase. This...

Q: On April 1, 2020, Saiqa Qureshi Industries purchased new equipment at cost of Rs. 325,000. Useful li...

A: Depreciation cost=Equipment cost-Residual value=Rs. 325,000-Rs. 25,000=Rs. 300,000

Q: ou are the audit manager of Overseas Explorer Ltd (OEL), which acquired the small proprietary compan...

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: In reviewing the Generally Accepted Auditin Standards (GAAS), there are three main conduct expectati...

A: The set of guidelines that are to be used by auditors during the audit of companies is known as gene...

Q: 10. Serene Company purchases fountains for its inventory from Kirkland Inc. The following transactio...

A: A credit purchases is recognized as an accounts payable liability and if it converted on their due d...

Q: Flush Mate Co. wholesales bathroom fixtures. During the current fiscal year, Flush Mate Co. received...

A: Notes Receivable: It is a promissory note which involves a written assurance to receive a defined su...

Q: Q8) Jobs arrive at specific printing company in a Poisson stream at the rate of two jobs per 24-hr d...

A: Expected cost per day refers to the expected cost(costs which will probably occurs) of the job per d...

Q: What does it mean that manufacturing overhead is applied to inventory?

A: Manufacturing overhead is defined as all the indirect costs which are incurred during the process of...

Q: 27. Samuel Co. has had taxable income of $450,000, $570,000, $760,000 and $680,000 in years 2013 thr...

A: Taxable payment includes the amount which is to be paid to the government of a country according to ...

Q: On O’s Favorite Giveaway Show, the host gave 100 audience members debit cards, each one for $16,000,...

A: The Bank of America Advantage Banking account is flexible as your needs change. Bank of America anno...

Q: Jorge, Jamul and Jihad are partners in a Limited partnership. Jorge and Jamil are general partners, ...

A: A partnership is the form of a business organization, in which two or more people work together for ...

Q: Pedro sold a piece of land to his nephew Quintin, a minor. One month later, Pedro died. Pedro’s heir...

A: A contract is an agreement intended to be enforceable by law and bind the parties to the contract to...

Q: per job. day. A specific Copier model has an operation cost of $25/hr and can process 16 Sheets/mins...

A: Meaning of Cost Cost is the amount of expenses incurred for manufacture or purchase of a product. Co...

Q: 1. Record the April 1, 20Y3, balance of each account in the appropriate balance column of a four-col...

A: Financial statement: Financial statements are organized summaries of detailed information about the ...

Q: In 2006, the Australian Government incorporated research into corporate social responsibilities to d...

A:

Q: The futures market is referred to as an auction market, whereby producers and suppliers of commoditi...

A: A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at ...

Q: Missing Amounts From Financial Statements The financial statements at the end of Network Realty, Inc...

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...

Q: Contribution Margin and Contribution Margin Ratio

A: Contribution Margin = Sales - Variable Cost Sales   15,700        Variable Cost:     Food &...

Q: 1. In August of 2017, Bill bought a Chevrolet Tahoe (heavy SUV) for $72,400 to be used 80 percent in...

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

Q: Could you please help me solve this on excel with excel formulas?

A: Breakeven is a situation of no profit and no loss. At this point, the total costs are equal to the t...

Q: Why might a firm decide to implement only certain modules in an ERP system rather than a complete im...

A: Enterprise resource planning is software which helps in integrating the transactions of departments ...

Q: 4. Dana forms a small manufacturing company. Her company places the following ng properties into ser...

A: MACRS stands for "Modified Accelerated Cost Recovery System". It is a method of charging depreciatio...

Q: The bank column in the cash book for Mac 2020 and the bank statement for that month  for Keris Enter...

A: Bank reconciliation statement is the statement which shows the difference between bank balance of ca...

Q: Franco Academy Surplus had 15,000 shares of common stock and 2,000 shares of 1%. S20 par value prefe...

A:

Q: Analyse the following accounts determine the amount of direct and indirect materials used.   Analyze...

A: Formula: Indirect materials used = Materials requisitioned - direct materials used Deduction of dire...

Q: In 2017, Burger King successfully acquired Popeye for $1.8 billion. If income from productsales is $...

A: Given that: Investment = $1.8 billion = $1800 million Sales = $1 billion = $1000 million Net profit ...

Q: See image for complete problem

A: a) Relevant costs are the costs which are relevant in decision making. The repair costs of Old Chevr...

Q: What does the capital-recovery ( CR ) cost mean?

A: Capital recovery states the recovering the initial funds put into the investment through the returns...

Q: After you determine the Amount Realized, Type and amount of Basis, and Gain or Loss of the following...

A: When a person sells any house property, there may be a gain or a loss on sale and is taxable in the ...

Q: acme Company has preferred stock outstanding. It pays an annual dividend of $20. If its current pric...

A: The discount rate is the rate that an investor uses in the valuation of an investment’s rate of retu...

Q: Energy cost per pound, June Energy cost per pound, July $ The cost of energy has appeared to by $ pe...

A:

Q: 500,00X bo0=

A: Calculation: 50,000×500=25,000,000

Q: Hello, I need help

A: Margin% = Net Income/Net Sales = 27,500/990,000 = 0.0277 or 2.8% Turnover = Net Sales/Average Total ...

Q: Which of the following is the primary source of revenue for a manufacturing business?

A: the production of products from raw materials

Q: The only accurate way to account for the success or failure of an entity is to accumulate alltransac...

A: Consistency  : It is about following the accounting principles, accounting standards and recommended...

Q: hello, I need help

A: Ratio analysis is a method of measuring the financial position of the organization with different ki...

Q: Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed ...

A: The Manufacturing industry is required to finds out the cost of goods sold with the input costs whic...

Q: Calculate the following ratios from balance sheet statement for any organization (which you can down...

A: Ratio analysis may be defined as a technique of analyzing financial performance of a company through...

Q: The president of the Lamda wholesale company, which markets a single product, requests an expectatio...

A: The variance is calculated by taking the difference between two costs or volumes.

Q: Accounting Question

A: Closing Journal Entries: Closing journal entries are those journal entries that are prepared at the ...

Q: The following trial balance was extracted from the books of Fasuha Trading as at 31  December 2020. ...

A: The statement of Financial position is represented by Balance sheet of the firm. We have to prepare ...