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Q: Using the equity method for reporting strategic investments, how does investment revenue and…
A: Equity method is an accounting method to compute the investment value in ventures. Under this…
Q: e from Tax Evasion?
A: The difference is given as,
Q: December 31, totals P14,760. b. The rent expense account has a debit balance of P74,400 composed of…
A: The entries have been prepared below.
Q: cember 31, 2021, German Corporation issued 5,000 of its 10%, 10-year, face value bonds with…
A: Bondholders: Bondholders are the individuals or entities who acquires the bonds from an issuing…
Q: Accounting 1. Illini leases another piece of equipment from Cubs Corporation under a four-year lease…
A:
Q: the circumstances under which losses are disallowed to a corporation in a liquidation
A: the circumstances under losses are disallowed to a corporation in a liquidation is
Q: Requirement 1: What is the resturant's cost equation for estimated cots if the number of guests to…
A: Solution Given Fixed cost for rent , salaries and other fixed cost for month =122400 per…
Q: 28. A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: Please answer ASAP thanks in advance TRUE or FALSE. The proceeds from discounting is computed by…
A: Discounting is the process of selling notes receivable to bank for which bank charge discounting…
Q: . A local partnership was in the process of liquidating and reported the following capital balances:…
A: Liquidation When a business is unable to pay off its debts and due obligations and the business came…
Q: Which of the following correctly describes defined benefit (DB) pension plans? A-A typical example…
A: Defined benifit is also written as DB. It is the pension plan in which the employee will receive the…
Q: On January 1 of the current year, Lemon Meyer Corporation purchases the net assets of Vivien's…
A: Book Value of an asset is the cost of the asset reduced by accumulated depreciation. Fair market…
Q: The 2021 comparative balance sheet and income statement of Auga Company Ltd, have just been…
A: Balance Sheet includes: Assets accounts Liabilities accounts Equity accounts As per accounting…
Q: Which of the following is an advantage of using cost-based transfer prices? Multiple Choice Such…
A: Solution: Cost based transfer pricing means transfer price that is based on cost or some nominal…
Q: Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires…
A: Budgeted direct Labor cost for January = Labor hours required to meet budgeted production X labor…
Q: Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout…
A: Solution Contribution margin is calculated by deducting variable cost from the sales. It is a…
Q: January 25 Received $1150 cash for laundry services provided in January 2022.
A: Amount received from laundry services is service revenue
Q: explain each steps
A: In case of a credit sale, the customer is given an option to make payment for the sale within a…
Q: suitable, a company is going to analyze different options by considering various capital budgeting…
A: The capital budgeting is considered to be important decision for business in order to identify the…
Q: Meanwhile, the property proposed another option that will still allow the company the use of the…
A: The answer for the question on acquiring a property is discussed hereunder : Here, Pierogi Corp has…
Q: Question 15 The accountant's work sheet: A serves as the basis for completing the adjusting process…
A: An Accountant worksheet is comprised of various account balances in columnar format containing the…
Q: Dar and Ling share in the partnership’s profit in the ratio of 2:1 respectively. Dar received…
A: Amount receive by Ling as his share = Total amount paid x Ling share where, Total amount paid = Dar…
Q: Allen Inc. took out a 1-year, 8%, $100,000 loan on March 31, 2018. Interest is due upon maturity of…
A: Interest on loan payable is based on the loan amount, interest rate, and total duration of the loan…
Q: TRUE OR FALSE? Avocado Inc. acquire a machinery at a cost of P10,000,000 on January 1, 2021 to be…
A: Depreciation expense is the reduction in the value of the asset due to its wear and tear.…
Q: Use the following to answer questions 19 – 24 The following balance sheet items, listed in…
A: Calculation of Total Liabilities Amount Accounts Payable $ 25,000 Bonds…
Q: Explain the following of the section 34 of act 152, on partnership law.
A: section 34 of act 152, on partnership law. Sec. 34-152. Sharing of profits and losses
Q: Sanjay Company has monthly fixed costs of $112,000. The variable costs are $5.00 per unit. The sales…
A: Formula: Sales revenue = Total sales price per unit x Sales units
Q: Roberts Company has the following manufacturing overhead budget for the current month: Budgeted…
A: The question is related to Total Budegted Manufacturing Overheads. It includes both budgeted…
Q: X Company manufactures a single product. Monthly production costs incurred in the manufacturing…
A: Classification of Costs as Variable, Fixed or Semi Variable Particulars 24000 units 72000 units…
Q: Statement 1 – If partners X, Y and Z agreed to divide profit in the ratio of 1:2:3, this indicated…
A: Profit sharing ratio is the proportion in which profit or loss is shared among partners of a…
Q: Sarasota Corp. reported net sales S 600,000, cost of goods sold S 336,000, operating expenses S…
A: Formula: Profit margin = ( Net income / Net sales ) x 100
Q: Consider the following situations and determine (1) which type of liability should be recognized…
A: Liability: Liability is an obligation of a company towards the lending party. They can be short term…
Q: On January Ist, 2009, an entity's balance sheet showed a total asset of $850 and total liabilities…
A: Formula: Accounting equation: Assets = Liabilities + Owners equity
Q: January 25 Received $1150 cash for laundry services provided in January 2022. JOUonal eny xy
A: Journal entries are the basic method for recording financial transactions in the books of accounts.…
Q: A company provides each of its directors with a car. It has purchased these at £35,000 each. After 4…
A: Residual Value after 4 years = Cost x 40% = £35000 x 40% = £14000 Annual Rate of Depreciation = 1 -…
Q: equired: Prepare the journal entries to record revenues and disbursements if the city treats the…
A: Solution:- a)Preparation of the journal entries to record revenue and disbursements if the city…
Q: A company pledged its entire accounts receivable amounting to P2,500,000 to a financing institution…
A: Pledged accounts refer to those accounts or assets against which a business organization borrow a…
Q: 3. Calculating Projected Net Income A proposed new investment has projected sales of $635,000.…
A: Please see Step 2 for required information.
Q: Activity 5: Problem Solving Directions: Make a trial balance of Nagaget Computer Repairs as of June…
A: Answer:
Q: Provide a description of how the job order costing and process costing methods are applied to…
A: Cost accounting is required for obtaining cost sheet. Cost sheet is prepared to obtain cost of a…
Q: 1e. An asset is purchased for $90,000. It is expected to have a useful life of six years and a…
A: As per the MACRS GDS table( seven year class) , the depreciation rate of an asset for the second…
Q: 2. Alex needs to repay a $ 8500 debt. His bank offers personal loans with terms from one to five…
A: EMI = P × r × (1 + r)n/((1 + r)n - 1)
Q: 19. $ How much are the current assets? 20. $ How much are the total assets? 21. $ How much are the…
A: Answer:
Q: 30. The internal rate of return is the simple (noncompounded) interest rate that equates the present…
A: The internal rate of return is the simple ( non compounded ) interest rate that equates the present…
Q: Prepare the cash budget with the projected income statement of ABC Company from March to June
A: Cost of Goods Sold = 100000 Gross Profit = 20% Based on Sales Sales = 20% i.e 1/5 on Sales i.e. 1/4…
Q: Sol Sib borrowed P14,000 for 10 months from a rural bank. The banker discounts the note at 8%, Find…
A: The Discounting is one of popular technique if one wants early payment. But the person will not get…
Q: e amount received compared to the present value was due to the conversion feature. Each $100 bond…
A: Bonds refer to the financial instrument which entitles a promise made by the borrower to the lending…
Q: H and I are partners sharing profits and losses in the ratio of 6:4 respectively. On January 2, the…
A: Admission of partner means where the new partner is admitted in to the partnership who bring his…
Q: A is the owner of an existing single proprietorship with net assets of 50,000. they agreed to record…
A: Solution Working note Calculation of total capitalization based on the capital contribution of A…
Q: The same information below will be repeated for the next three questions. Freezit manufactures…
A: Direct Material price variance = (Actual price per kg- Standard price per kg)*Actual quantity…
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- Use the present value and future value tables to answer the following questions. Time Value of Money - Principles of Accounting, Volume 2: Managerial Accounting | OpenStax A. If you would like to accumulate $2,400 over the next 5 years when the interest rate is 15%, how much do you need to deposit in the account? $_____ B. If you place $6,200 in a savings account, how much will you have at the end of 6 years with a 12% interest rate? $_____ C. You invest $7,000 per year for 11 years at 12% interest, how much will you have at the end of 11 years? $_____ D. You win the lottery and can either receive $760,000 as a lump sum or $60,000 per year for 19 years. Assuming you can earn 8% interest, which do you recommend and why? _____TIME VALUE OF MONEY (use BAII Plus Financial Calculator to answer questions 25 – 30). If you do not have a financial calculator use the Preferred Short Cut Factor Tables spreadsheet found in Canvas Modules. 25. $ You plan to start your own business in 5 years once you graduate from college and get situated. You plan save $250 every month for the next 5 years. The market rate you can earn is 9%; how much will your investment accumulate to when you are ready to start your business? (Round to nearest dollar) 26. $ Your favorite aunt has committed to provide you with $30,000 for a down payment for your first home. You mentioned to her you plan to buy a home in 6 years. She agrees to set aside money for you today so she will have money to give you when you purchase your first home. The market rate she can earn over the investment period is 6% and it will compound quarterly, what amount will she set aside today? (Round to nearest dollar) 27. $ You won the lottery when the jackpot was…solve using the appropriate formulas show full workings and find the answer. DONT USE EXCEL TO SOLVE ANYTHING ONLY USE RELEVANT FORMULAS TO SOLVE AND SHOW ALL WORKINGS 5. You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?
- SUBJECT: ENGINEERING ECONOMICS (a) Identify the Given and the Unknown or what is being asked in the problem (b)Provide the formula to be used (c)Show the complete solution. The final answer is already provided. You plan to deposit P100 into a savings account at the end of each month for the next 5 years. a.)At 3% compounded monthly, how much will you have accumulated at the end of 5 years? b.)How much difference would it make if the payments were made at the beginning of the month rather than at the end? Answer: a.) F = P6,464.67, b.) F value difference = P196.63Please use question 3 and 4 to answer question 5. 3. It’s time to get a new laptop. The laptop is $2500. You decide to put money aside for it each month for one year. If you put the money in an account that earns 5%, how much will you have to save each month? 4. Instead of saving up, you decide to finance the laptop. What will your monthly payments be if you finance $2500 at 7% for 3 years? 5. What are the acquisition costs for questions 3 and 4? In other words, how much out of pocket will you pay to pay for the laptop?You are thinking about purchasing an investment from Get-Rich-Quick Investmemnt company. If you buy the investment, you will receive $50 every month for five(5)years. Payment will be made at the end of each month. If your required rate of return is 9% how much should you be willing to pay for this investment? Group of answer choices $4,632.87 $2,735.25 $2,525.10 $2,408.67
- Please make an excel spreadsheet and show the formulas in the cells for the problem below and please explain You buy a house of $450,000 today. You put a down payment of 20% and borrow a fixed-rate mortgage of $360,000 with interest rate of 4% and 15 years. After 3 years, your house is appreciated to the value of $550,000 and market interest rate goes up to 6.5%. How much money will you make in book after 3 years?Please provide the steps to solving this problem using a financial calculator: You just opened a brokerage account, depositing $3,500. You expect the account to earn an interest rate of 9.652%. You also plan on depositing $4,500 at the end of years 5 through 10. What will be the value of the account at the end of 20 years, assuming you earn your expected rate of return?Solve the following problems. Round your results to the nearest cent as needed. You need a loan to purchase a car. After the down payment, you need to borrow $24, 200. If a bank offers you a loan at 6.9% for 6 years, how much will your monthly payment be? How much will you pay in interest? Your monthly payment will be $ dollars You will pay a total of $ dollars TVM Calculator in interest
- Please solve using Excel and show formulas. You have decided to buy a car with price tag of $60,000 but you are able to negotiate the price down to $58,000. You have $5,000 saved, so you need to borrow $53,000 in a 5-year loan from your bank (your bank offers lower rates than the auto-dealer) at a 4.5% APR (annual rate). How much will you owe to the bank after 3 years?What is the excel function and formula for this question? Off-The-Books Investment Firm, LLC, has offered you an investment it says will return to you $20,000 in 2 years. To get in, you'll need to make a $10,000 deposit to their receivables account and promise not to tell anyone about it. What is the annual return on this investment?Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $250 at 6% simple interest for 4 years $ 324.65 Need Help? Read it Talk to a Tutor