Explain how accountancy is helpful in the efficient allocation of scarce resources in an economy.
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A: Depreciation refers to the concept of evaluating the rate of decline in the price of an asset for…
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A: Journal entry is defined as the recording of transactions in the books of a company. When a journal…
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A: Joint Cost :— It is the cost that is jointly incurred in the manufacturing of more than one joint…
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A: Partnership is legal agreement between two or more person in which they writes about the;- profit…
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A: Operating leverage is defined as the method that estimates the change in the profit of the company…
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A: INCOME STATEMENT Income Statement is One of the Important Financial Statement of the Company.…
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Q: Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly…
A: Cash Budget is the estimation of a company about its cash inflows and outflows over a period of…
Q: shareholder ensure a redemption receives
A: A shareholder can be referred to any person, company, or institution that owns the shares of any…
Q: Leacock Ltd. Balance Sheet As of November 30, 2019 Current assets Cash Accounts receivable (less…
A:
Q: Present and Future Values The present value of the following cash flow stream is $6,700 when…
A: The present value of a sum that will be received at a later date can be determined using the present…
Q: In 2020, Livernois Corporation had net income from operations of $100,000. In addition, Livernois…
A: A gain or loss considered to be long-term in nature is one that resulted from the sale of an…
Q: Differentiate between the mechanisms of an “actual costing” budgetary system against a “normal…
A: ANSWER:- Differentiate between actual costing against a normal costing :- Under actual costing,…
Q: On part b for the premium on bonds payable, what numbers were multipled to get $3,186.97?
A: Premium on bonds payable is defined as the excess amount paid over the face value. The premium on…
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A: Break-Even Point: The Break-even point is the point of sale at which an organization does not earn…
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A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method. The…
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A: Cost - Salvage Value…
Q: During 2021, Jerry is a self employed therapist, and his net earned income is $160000 from his…
A: Correct answer is $32,000
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A: The Break-even point indicates that total units are to be sold by the business entity to recover its…
Q: Atlantis Corporation has 18,000 shares of 10%, $82 par noncumulative preferred stock outstanding and…
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A: Introduction Fundamental value analyzes relevant economic and financial elements to determine a…
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A: Working :- 1) Calculation of net sales revenue :- Sales revenue - sales returns = $240,310 -…
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A: INTRODUCTION: Cost of goods sold (COGS) refers to the direct costs of manufacturing things that are…
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A: The tax provisions are different for residents, non-residents, and resident aliens. Non-residents…
Q: A company produces a special new type of TV. The company has fixed costs of $476,000, and it costs…
A: Ans. $ 544,000
Q: Exercises - Intangible assets (Eng) Ex 1: Section 4.2.1. Recognition skill: basic In April 2001 your…
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A: Net operating loss deduction: It implies to a tax credit that is available to a business as a result…
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A: Variance refers to the difference between the actual and the budgeted/estimated performance of the…
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A: Every company, firm, and individual invests money and makes an investment. Such as purchasing…
Q: Victory Co. owned 90% of the voting common stock of Walker Co. On January 3, 2022, Victory sold…
A: ANSWER:- $ 126,000 $126,000 amount should the equipment (net of depreciation) be included in the…
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A: Cumulative Preferred Stock :— It is one of the type of preferred stock in which fixed amount of…
Q: Your pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). You…
A: Formula for Calculating Future Value = PMT [(1+i)n - 1] / i Here, PMT = 1600 i =…
Explain how accountancy is helpful in the efficient allocation of scarce resources in an economy.
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- How to define an organizational subunit as a cost center, a profit center, or an investment center?What is the relationship between the value chain and management accounting? With the use of suitable examples, distinguish among a cost centre, profit centre and an investment centre.Distinguish between a profit center and an investment center. Draw a diagram illustrating the relationship between cost, profit, and investment centers.