Question: 1) define Accounting Information System (AIS) ? briefly define.
Q: Based on the above data and the result of your audit, answer the following: 1. The entry to…
A: Here asked for multi sub part question we will solve for first three sub part question. If you need…
Q: There are 80 units of the item in the physical inventory at December 31. The periodic inventory…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: how much is a good margin of safety percentage?
A: Margin of Safety Margin of safety is the area between the break even point and maximum sales. This…
Q: . Compute the break-even point in dollar sales for the Commercial Division and for the Residential…
A: This is the follow-up question and now has asked to solve the two sub-parts of the same question…
Q: Will Stephanie have enough funds for her investment in stocks and bonds, when needed? What will be…
A: Please fallow the answer as below 4) Answer: Bond: step 1. Pleasant innovations Ltd. Given data:…
Q: REQUIRED: • Journal Entries • Ledger • Trial Balance (service business) Note: PLEASE ANSWER ASAP!!!
A: Journal Entry A journal entry is the process of entering any transaction, whether one that is…
Q: A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new…
A: Break even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…
Q: Question: Why payroll internal controls are important? briefly explain.
A: Payroll internal controls seem to be the methods and processes that the business employs to…
Q: Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust…
A: Accounts payable is an current liability. Current liability is an liability payable in normal course…
Q: 7. Which of the listed items should be included in gross income? A Life insurance proceeds B C D E…
A: Gross income is the total amount of money you earn in a year before income taxes or other deductions…
Q: Question 1 Find the maturity value if Php18,000 is invested from February 19, 2011 to September 19,…
A: SIMPLE INTEREST It is a method of calculating the interest charge on a loan. Simple interest is…
Q: Question 2 The Boulevard Coffee Roasting Co pays its employees twice a month, on the 15th and the…
A: Introduction: Employee salaries and pay for non-manufacturing roles such as selling, general…
Q: 1. Is she risk averse, risk neutral, or risk loving? Explain. 2. Write out the equation for her…
A: SOLUTION:- 1. u(I)=I 0.7 R(A)= -(UI /UII ) R(A) >0 THEREFORE she is risk averse because…
Q: Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets X Accounts…
A: Answer to the above first part a) statement showing the Computaton of NET INCOME Laiho Industries:…
Q: quipment with a cost of $742,500 has an estimated residual value of $67,500, has an estimated useful…
A: With age of equipment increasing and also more use of the equipment value would decrease over the…
Q: Paste Corporation acquired 70 percent of Stick Company's stock on January 1, 20X9, for $105,000. At…
A: Consolidated Net Income: The net income (or loss) of the Borrower and its Subsidiaries on a…
Q: Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to…
A: Using the activity-based costing technique, an organization's activities are defined, and the cost…
Q: ent. (a) The expected appreciation rate on home price next year equals ______ percent. (Round to…
A: Appreciation rate refers to the rate or pace at which the value of an asset enhances over a course…
Q: Saleh sold the following stock in 2021. ABC, Incorporated, is a § 1202 qualified small business…
A: INTRODUCTION: A stock is a type of instrument that implies the holder has proportional ownership in…
Q: Complete the following using present value. (Use the Table 12.3.) Note: Do not round intermediate…
A: The question is based on the concept of Financial Management. Present value of the future value can…
Q: parts manager is rrently re inventory policy for used in the production process. The chemical is…
A:
Q: In 2012, Lisa and Fred, a married couple, had taxable income of $300,000. If they were to file…
A: Taxable Income The portion of your gross income known as "taxable income" is used to determine your…
Q: The board of directors of an entity approved a share option plan for key executives. On January 1,…
A: Given: - Number of share options granted= 200,000 Fair value= P6 Period= 3 years
Q: [The following information applies to the questions displayed below] Austin Company established a…
A: Financial Statement includes: Income Statement Balance Sheet Cash flows Statement Statement of…
Q: exchange. Bertoli's financial statements will be used only outside the US. Bertoli should comply:
A: Auditing is the confirmation which is made by the company when their financial statement gets a…
Q: In good form, prepare a multiple-step income statement for 2023. Assume a 20% income tax rate and…
A: Multi Step Income Statement An financial statements with multiple steps lists a company's income,…
Q: Determine what is the net capital by the gain or loss generated taxpayer in 2021.
A: IRS classifies the capital gains and losses as long term and short term. If an asset is held for…
Q: Julie, a teacher, creates home decor as a hobby and occasionally sells it to family and friends. She…
A: Gross income of Julie's for computation of Gross income deduct the cost related to supplies from…
Q: 19. In ABC Food Co.'s 2023 single-step income statement, the section titled "Revenues" consisted of…
A: Revenue is defined as any monetary payment received from a customer when an entity carries out its…
Q: At the beginning of the current year, Ria Company issued 10,000 ordinary shares P20 par value and…
A: PREFERENCE SHARE Preference shares is Also Known as Preferred Stock. Preference stock is…
Q: Tasty Treats is a snow cone stand near the local park. To plan for the future, it wants to determine…
A: Lets understand the basics. In high low method, fixed cost and variable cost gets separated from the…
Q: Question: What are payroll internal controls? briefly discuss.
A: Internal controls refer to those measures which helps in effective and smooth running of the…
Q: adium Inc. produces a variety of household cleaning products. Palladium’s controller has developed…
A: Overhead - Overheads are expenses incurred by a company in carrying out its daily operations.…
Q: On July 1, 2018, Brent purchases a new automobile for $46,000. He uses the car 82% for business and…
A: Depreciation is the reduction in the value of the assets due to its use or wear and tear. The…
Q: Aztec Industries produces bread which goes through two operations, Mixing and Baking, before it is…
A: OVERHEAD RATE & PREDETERMINED OH RATES A predetermined overhead rate is calculated by…
Q: You have been provided with the following extracts of the financial statements of Provision Ltd for…
A: Statement of Cash Flow - Statement of Cash Flow includes inflow and outflow of cash in the financial…
Q: Question 10 A Php300,000 loan is to be amortized by paying equal amount every 6 months for a period…
A: When an individual or an organization finance a product or funds they have to pay an extra amount…
Q: n 2021, TPC Incorporated sold investment land with a $474,000 book and tax basis for $775,000. The…
A: An installment sales method is defined as the method that allows the company to receive payments in…
Q: Based on the fundamental principle of IAS2, identify two (2) circumstances where the NRV of…
A: The fundamental principles of IAS 2 are: 1) Recognition: Items should be recognized in the financial…
Q: Intangible assets are amortized when: There is no more depreciation available to take. It has a…
A: Companies use assets to operate their businesses. These assets include such things as fixed assets,…
Q: Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are…
A: Activity-based costing (ABC): It is a costing method in which overhead and indirect costs are…
Q: issuance on April 30, 2006. Which of the following options is the appropriate accounting treatment…
A: The number of questions which has been asked is the two questions but only one question is answered…
Q: 2. Alexander borrows P50,000 from Caden. Caden offers him two options for the interest: a. Ordinary…
A: As per the given information: Amount borrowed - P50,000 Two options offered for the interest:…
Q: Regular Pay: $8.70 per hour Overtime Pay: 1.5X regular pay for hou 2X regular pay for Sund Hrs Rate…
A:
Q: On July 1, 2022, the Vancouver Canucks paid $50,000 for a four-year insurance policy with the…
A: Q Solution: Vancouver Canucks paid $ 50,000 on July 1, 2022 for a four insurance policy with…
Q: What reporting is appropriate for a loss contingency that does not qualify for recording at the…
A: Introduction: A contingency arises when a situation has to be handled in the future but whose…
Q: Patriot Company manufactures flags in two sizes, small and large. The company has total fixed costs…
A: The fixed cost is the cost that does not vary with the level of activity and even if the output is…
Q: Suppose you incorrectly recorded a deposit as $450. The bank discovered the correct amount was…
A: In this case the amount recorded in books is $450 while the correct amount, which has been recorded…
Q: From page 5-3 of the VLN, what is the appropriate relationship to compute net accounts receivable?…
A: ACCOUNT RECEIVABLE Account receivable is represent the amount owned to a compnay. Account…
Q: Cari’s Manufacturing Company manufactures Tye Dye Special Garment (SG), using cotton and dye as…
A: The revenue budget is the budget prepared to estimate the revenue, the expected number of units to…
Step by step
Solved in 2 steps
