Are there any circumstances under which an investor might be more concerned about the nominal return on an investment than the real return?

Q: 10 In July, TPM Co. incurred total costs of S60,000 and made 6000 units. In December it produced 400...

A: Lets understand the basics. When there is mixed cost is given then for separating fixed cost and var...

Q: Question 3: Which of the following is taxable for Social Security tax? Answer: A. O Contributions to...

A:   Social Security taxes fund the retirement, disability, and survivor ship (benefits paid to a survi...

Q: Valır Co., which began operations on January 1, 2021, appropriately uses the installment method of a...

A: Installment method of accounting is the method in which the owners books the profit when it is reali...

Q: QUESTION S fa company has non-cument assets worth 753, current kabites worth 378, longlerm labites w...

A: Lets understand the basics. As per balance sheet equation, all the asset equals to liabilities and e...

Q: The Souvenir Company purchased, on 1 January 2015, a machine producing embossed  souvenir badges. Th...

A: Given,  Machine cost £32,000  Residual value of £2,000 Estimated to have a five-year life  

Q: Which of the following funds of a governmental unit recognizes revenues only in the accounting perio...

A: correct option with proper explanation are as follows

Q: Lawrence Industries' beginning-of-year common stockholders' equity was $625,000 and its end-of-year ...

A: Formula: Return on common stock holders equity = Net income available to common share holders / Aver...

Q: Under-applied manufacturing overhead costs are always the result of which of the following situation...

A: Applied overhead = Overhead rate x Actual hours incurred where, Overhead rate = Budgeted Overhead co...

Q: Book Value P40,000 170,000 620,000 220,000| 60,000 (300,000) (10,000) (450,000) (350,000) Market Val...

A: On acquisition of other company all assets and liabilities shall be valued at fair market value

Q: QUESTION 3 Calculate Boeing's cash flow from assets given the following information: Interest paid 2...

A: Cash flow from assets It includes the operating cash flow and investing cash flow = OCF – Change in ...

Q: In year 0, Canon purchased a machine to use in its business for $56,000. In year 3, Canon sold the m...

A: The correct answer for the above mentioned question is given in the following steps for your referen...

Q: bank assesses a 3% finance fee and charges interest on the note at 6%. The journal entry to record t...

A: JF termed as Journal entries which records the transactions of company into day books or the account...

Q: On August 15, 2021, Bob bought a rental house. The property cost $310,000. Of this, the land was val...

A: As per GDS MACRS method, for residential rental property- 27.5 year, straight line class with mid mo...

Q: ACE Company issued 4,000, P1,000 11% bonds maturing after 10 years on January 4, 2020. The Bonds pay...

A:   Cash Flow at the time of maturity (4000 * P1000) = P4000000 Interest (Annuity) semi-annually =...

Q: Book Value P50,000 140,000 530,000 210,000 Market Value P50,000 200,000 Cash Inventory Plant Assets ...

A: In a simple meaning goodwill can be define as the worth or value of company for which another compan...

Q: Vaasa Chemicals makes a product by way of two processes – Mixing & Refining. Its process costing sy...

A: Note: "Since you have posted a question with multiple sub-parts, we will solve first three subparts ...

Q: Last Chance Mine (LCM) purchased a coal deposit for $750,000. It estimated it would extract 12,000 t...

A: Calculation of actual depletion expenses are as follows.

Q: December 31, de real estate ta December 31.

A: As per our protocol we provide solution to the one question only but you have asked three questions ...

Q: On January 24, Keaton sold 200 units of this product. The other 160 units remain in inventory at Jan...

A: Under LIFO Method, units that come in last will be sold first and the inventory will be out of the u...

Q: Oriole Company began the year with owner's equity of $301000. During the year, the company recorded ...

A: GIVEN    Beginning stockholder's Equity=$301,000 Revenues  = $386,000 Expense  =$289,000  Dividends ...

Q: In what way you can be an advocate to help others be aware of the plight of the workers both from th...

A: The answer is stated below:

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in exc...

A: Formula: Net pay = Gross pay - All deductions.

Q: Best Appliance Store offers a two-year warranty on all appliances sold. The company estimates that 5...

A: Formula: Sales revenue = Sales units x Sales price per unit

Q: Why does a company evaluate both the money allocated to a project and the time allocated to the proj...

A: "Since you have asked mutiple question we will be solving first question for you,If you want any spe...

Q: Kendra is a self-employed taxpayer working exclusively from her home office. Before the home office ...

A: The correct answer is option (d)Only $6,000 home office expenses may be deducted, resulting in net b...

Q: Bev bought a small mom and pop grocery store. The sale was completed and Bev obtained ownership on J...

A: Intangible Assets: An intangible asset is an asset that needs real substance. This is as opposed to ...

Q: init costs $625 and the cost of carrying one ear is 2% of the unit purchase price. If E rder is $5, ...

A: Ordering costs and Carrying coat of inventory are inversely proportional. If a company orders in sma...

Q: ABC Company and XYZ Company reported the following condensed Statements of Financial Position on Jan...

A: The word "business consolidation" refers to the merging of multiple business divisions or enterprise...

Q: Calculate Boeing's cash flow from assets given the following information: Interest paid 201 Dividend...

A: Cash flow from assets All the inflow or outflows of cash related to business operation = Operating C...

Q: In 2020, the company's inventory turnover ratio was 7.64. What is their Inventory Turnover ratio for...

A: Inventory is the stock which the company has for the purpose to sell and the business has been estab...

Q: Carey, a single taxpayer, purchased a rental house in 2021, which he actively manages. During 2021, ...

A: Revenue recognition and reporting are critical and challenging challenges for accountants to resolve...

Q: The Fuller Company has provided the following information Month Direct Labour Hours 23,000 26,400 18...

A: Lets understand the basics. In high-low method, fixed cost and variable costs are separated.  Formul...

Q: Furniture costing S68,200 is sold at its book value in 2021. Acquisitions of furniture total $53,700...

A: Please Step 2 for the General Ledger accounts as required.

Q: Lee, Min and Ho have been in partnership for more than 10 years. They see that the business profits ...

A: On liquidation of partnership, all the non-cash assets and liabilities are transferred to realisatio...

Q: On January 1, 20x1 Pinup Corp acquired 34,560 outstanding ordinary shares of Slug corp. for a cash c...

A: Calculation of amount of non-controlling interest  are as follows.

Q: Kyle Struck's filing status is single, and he has earned gross pay of $2,340. Each period he makes a...

A: Medicare tax refers to the tax levied by the government that helps in funding the Hospital Insurance...

Q: ABC Corporation acquired 80 percent of XYZ Corporation on August 1 for P500,000. On that date, XYZ C...

A: 80% Acquisition of XYZ  Corporation by ABC  Corporation Purchase Consider = 500000   Book Value M...

Q: A company that manufactures general-purpose transducers invested P2 million 4 years ago in high-yiel...

A: Interest means the extra amount which we received because of investment made and will be paid in cas...

Q: A business employs three individuals, whose taxable earnings to date (prior to the current pay perio...

A: It must be noted that earnings upto $7000 are subject to FUTA Employee 1 cumulative pay till date = ...

Q: t Assets and Non-

A: The current assets are given as,

Q: Question 10: Which of the following is not a retirement plan? Answer: A. O 401(k) В. O Flexible spen...

A: The correct answer is option (b)Flexible spending account

Q: Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which asse...

A: Credit card expense = $4,900 x 5% = $245 Credit card expense is borne by the seller and the seller r...

Q: shares capital, P100 par, 30,000 shares 3,000,000 Share premium 500,000 Retained earnings         ...

A: Dividend refers to the cash distributed by a company to its shareholders.  

Q: Question 11: The Additional Medicare Tax is owed on a portion of employee earnings by which of the f...

A: The Additional Medicare Tax applies to people who make more than a set income level for the year.The...

Q: Data for 2020 taxable year of ML partnership (Domestic corporation) including partner's own income (...

A: Income tax- An income tax is a tax obligatory on persons or entities (taxpayers) in admiration of th...

Q: assuming the beginning of the year (20X3) balance |in the Investment in A account is $716,000 comple...

A: Consolidated worksheet is a statement which is prepared as a financial help for creating other finan...

Q: Matolcsy and Wells are partners. They share profits and losses equally. Their current capital accoun...

A: The partnership comes into existence when two or more persons agree to do the business and share pro...

Q: TSC uses job costing and applies overhead using a normal costing system using direct labour hours as...

A: calculation of overhead allocation rate are as follows.

Q: Calculate Using the Personal Allowances Worksheet on the W-4 form, determine who will have more mone...

A: Withheld tax is the amount of tax which has been deducted by the employer on the paychecks which has...

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.