Accounting question and answers for November 19, 2023
- Q Marry Ltd has just acquired an asset at a cost of R1500. The asset is expected to generate a cash flow of R150, R 0, R180, and R300 at the...
- Q Auditors are responsible for obtaining reasonable assurance that the financial statements are free of material misstatements, regardless of whether the misstatements were caused by error or fraud. true or false
- Q lustre la relacin entre un "parent company" y sus subsidiarias.
- Q Running Your Business Imagine you running your own business selling a particular product or service. What would that business be? Identify the costs associated with your product or service....
- Q Using the 15-15 rule as a guide, when would a Project Manager and/or Project Sponsor proceed with completion of a project even if it is both 15% over budget and...
- Q Anne Teak, the financial manager of a furniture manufacturer, is considering operating a lock-box system. She forecasts that 400 payments a day will be made to lock boxes with an...
- Q Under Green Clause L/C, the beneficiary can get advance to begin the production process. True False
- Q 4. What is a fair value hedge?(Please explain in detail)
- Q On December 31, 2016, an entity purchased a building at a cost of $1,000,000. The entity uses the revaluation model for buildings and fair values of the building at December...
- Q Access 2020 annual reports of Rio Tinto Fortescue metals group and provide a comparison of the notes to the financial statement that discuss their recognition and measurement of revenue.
- Q The terms tax avoidance and tax evasion or tax fraud have profoundly different meanings but are sometimes confused with each other. Research a case in which a company has...
- Q R2D2 Corporation produces no defective units but it wants to reduce direct materials usage per unit of BB8 in Year 2. Manufacturing conversion costs in each year depend on production...
- Q BSBFIN601 - How can a spreadsheet be used by an accountant to access and use the "filter function" to help improve the efficiency of tasks (provide at least one example...
- Q explain how the inventory valuation method (LIFO or FIFO) Chosen by a company affects the cost of goods sold and net income if prices are rising. what if the prices...
- Q describe a balance sheet for your personal situation to show you understand the report. Please do not use any true numbers, but you can make up the numbers. In your...
- Q 3.Indiana Regional Industries makes an electronic component in two departments, Machining and Assembly.The capacity per month is 60,000 units in the Machining Department and 40,000 units in the Assembly Department.The...
- Q Moyon corporation issued 5 year convertible bond with a 10,000 php maturity value with an 8% semi annual interest rate. Also, the same corporation issues a retail bond with interest...
- Q EasyGold Inc. has a natural resource with a total cost of $1,200,000 and a residual value of $200,000. It is expected to produce 5,000,000 units. The depletion rate per unit...
- Q RoI is not arbitrary, but rather based on certain investment returns threshold, which is set by the leadership team. Do you agree?
- Q The preferred method for administering medication to children is Multiple Choice subcutaneously. nasally. orally. orgastrically.
- Q Xenia Corporation issued 3,000, 8%, 5-year, $1,000 bonds dated January 1, 2012, at 100. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2012....
- Q Ocean City Kite Company sells kites for $9.50 per kite. In FY 2019, total fixed costs are expected to be $180,000 and variable costs are estimated...
- Q If risk of material misstatement(RoMM) was assessed as high, do you think you'd count more or less inventory for that client during your audit?
- Q Chapter 21 1/ Just-in-time (JIT) processing gained popularity in Japan. While it is being used successfully by many US businesses, its use by domestic enterprises may never...
- Q Suppose Amazon.com Inc. pays no dividends but spent $3 billion on share repurchases last year. If Amazon's equity cost of capital is 8%, and if the amount spent on repurchases...
- Q Ms. Ellis, a single individual, has $200,000 taxable income. Assume the taxable year is 2021. Compute her income tax assuming that: Use Individual Tax Rate Schedules. a. Taxable income includes...
- Q Vous concevez une application qui a besoin d'un stockage de table. Vous valuez s'il faut utiliser le stockage Table Azure ou Azure Cosmos DB for Table. Que faut-il pour utiliser...
- Q In January, 2020,Y Jewelry sold an elusive necklace for$600,000. Thenecklace originally cost$300,000. There is a down payment of 40 percent in 2020, followed by 3 annual payments of 20 percent...
- Q Hi i am just wondering what ways might a presentation of financial statements to the Board of directors of a large company differ to the presentation of financial statements for...
- Q How is a purchase of an office premise through the issuance of long-term notes payable reported as? A.It's a cash outflow reported on the financial column of the...
- Q What is objectivity as it relates to the internal audit function?What factors does an external auditor consider when assessing the objectivity of a client's internal audit function?
- Q Activity: Audit of Nonprofit Entities and Hospitals 1. What is the effect of the pandemic on hospitals in the country? 2. What factors make hospitals hard to audit
- Q Example of sunscreen lotion: What are some of the example for CustomerRelationshipfor Business Canvas? What are some of the example for Customer Segmentfor Business Canvas? What are some of the...
- Q Paper Moon, a manufacturer of outdoor lighting fixtures is operating at less than full capacity. The plant manager is considering making the mounting brackets now being purchased from a supplier...
- Q Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 4,400 ounces in beginning work in process inventory (10% complete). During the period, 31,100 ounces were completed....
- Q Following information is extracted from the books of a business concern on 31st December 2020. Particulars Rs. Particulars Rs. Opening stock of material 13,000 Closing stock of material 12,000 Plant...
- Q Pick up two call options that are in-the-money. Give me their Strike prices. Pick up one call option, and one put option, that has the same Strike price. Give...
- Q Which one of the following industry would you recommend a Job Order Costing system?* aEngineering firm bSteel manufacturer cCar assembly dGlove producer
- Q Lukehart Industries Inc. produces air purifiers in batches. To manufacture a batch of the purifiers, Lukehart Inc. must set up the machines and assembly line tooling. Setup costs are...
- Q Create an organized Google Sheet performing a basic landscape audit of the podcasting industry. You may include industry trends & challenges, audience insights, podcast genres/categories, and the main competitors
- Q Fast Turnstiles Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $324,000 in additional credit sales, 12 percent are likely...
- Q Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead...
- Q The preparation and analysis of comparative balance sheets and income statements are commonly applied tools of financial statement analysis and interpretation Required: Discuss the inherent limitations of analyzing and...
- Q -Examine the evolution of the sources of fund used by the company over the last three financial years with specific focus on the changes of different sources of funds Two...
- Q Question: Globalization and the MNC, benefactor or menace. How is international financial management similar to domestic financial decision making and how does it differ? - Objectives - Methods (methodology)...
- Q ChooseONE SETfrom the following list of companies in the same industry: Intel and AMD Air Canada and WestJet Walmart and Loblaws Through an analysis of the companies' annual...
- Q . Suppose one dollar can be converted to 1,000 yen, 5 pesos, or 0.7 euros. Set up a spreadsheet where the user can enter an amount in Canadian dollars and...
- Q explain the characteristics of an audit committee and how it functions within the corporate governance structure.
- Q For each account title given, identify the financial statement element used for IFRS reporting within which it would directly be reported on the financial statements. A financial statement element can...
- Q If the cost of the beginning work in progress inventory is $60,500 cost of goods manufactured is $915,000. Direct materials cost $335,000. Direct labor cost is $215,000 and overhead cost...
- Q Syntech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and requires $1,500 per month in fixed costs. Syntech sells 100 cameras per month. If...
- Q explain the relationship between IT purchasing and corporate strategy
- Q Google.org made a $ 2.4 million grant to GiveDirectly, a nonprofit that provides direct cash aid to the poor. This example of Corporate Social Responsibility is known as: Sustainability Social...
- Q A very key concept in managerial accounting is how costs "behave", either fixed or variable.
- Q solve in excel with formula explanation or skip thanks
- Q What is a collection of all accounts within a company's accounting system? The chart of accounts consists of a list of all accounts in the ledger, and each account is...
- Q Based on Intuit Inc. and Credit Karma Merger and Acquisition, list and describe three reasons why risk management might increase the value of the firm. Reference: Financial...
- Q Q1. Identify and describe financial probity requirements for businesses. Q2. . Identify the Act that details requirements for financial reporting and auditing and, explain the requirements for companies for preparing...
- Q 1. Identify the principles of corporate governance based on the scenario provided: Disclose the process for performance evaluation of the board, its committees and individual directors and key executives...
- Q What stocks do you think could reduce systematic risk if there is any ?
- Q 23.2 Body Builders Corporation is opening a chain of five health clubs in the Minneapolis area. Body Builders's marketing manager has suggested a marketing plan designed to generate new memberships....
- Q S manages the RST partnership, in which S is also a partner. S receives 30% of all partnership income before guaranteed payments, butnotless than $80,000. In 20X1, the RST partnership...
- Q During 2011, Taxpayer operated an illegal gambling operation, earning gross income of $206,000 and paying expense as set out below. Rent on the building from which Taxpayer operates $12,000. Entertainment...
- Q True or false: If a venture capital fund and an angel investor both want to act as a designated entity for a start-up business under the Start-Up Business Class, the...
- Q A companyhas $1,000,000 of debtand $3,000,000 of assets. The company's cost of debt is 4% and EBIT is $200,000. Assume there are no taxes. What is the company's ROE?
- Q ABC Mutual Insurance Company reported the following balance sheet values at the end of last year: Unearned Premiums $50,000 Bonds $600,000 Premium Balances Due $50,000 Policy Liabilities $400,000 Unpaid Claims...
- Q From the following, prepare a balance sheet for Range Co. Cleaners at the end of April 202X: Cash, $65,000; Equipment, $40,000; Accounts Payable, $16,000; B. Range, Capital. Prepare the balance...
- Q On December 31, 2020, the balances of the accounts appearing in the ledger of Home City Furnishings Company, a furniture wholesaler, are as follows: Rent revenue $11,000 Accounts...
- Q A report, with details, about ONE of the Native peoples (Aeta tribes). discuss their life, customs, traditions, beliefs, tools, shelter, and so on. OR focus on one aspect of their...
- Q Bill has 30.00 more than Alan, but then Alan wins some money on lotto and trebles his money, which means that henow has 20 more than the original amount of...
- Q Greenville Industries uses the accrual basis to account for all sales transactions. Sales for 2018 total $ 510, 000. Included in this amount is $ 55, 000 in receivables from...
- Q Sunland Corporation reported net income of $389,480 in 2020 and had 173,000 common shares outstanding throughout the year. Also outstanding all year were 27,000 (written) options to purchase common shares...
- Q For an emergency care facility project, which of the following credits can be achieved if the total cost of permanently installed products are 25% cradle-to-cradle V3 Gold and 25% GreenScreen...
- Q (10points) One hundred unrelated U.S. persons each own 1% of FORco. Which one of the following statements is true? Explain...
- Q Raw materials cost on the balance sheet consists of? A. Indirect materials cost only. B. Freight-in cost only. C. Raw materials invoice cost plus freight-in cost. ...
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