Calculate COGS from the following? Opening stock - OMR 12,000 Closing stock - OMR 8,000 Purchases - OMR 20,000 Sales-OMR 45,000 Salaries and Wages - 3000 a.
Q: Joe Malay received the following report on the Division's operation for the month of August: Direct…
A: The variance is the difference between standard and actual cost of production for the period.
Q: Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 24,100…
A: Let's understand some basics Factory overhead is the costs incurred during the manufacturing…
Q: A payment of $2,450 is due in 2 years and $3,300 is due in 4 years. These two original payments are…
A: A payment of $2450 is due in 2 years and $3300 is due in 4 years. These two original payments are to…
Q: Journalize the following transaction: Mining corporation is authorized to issue 50,000 shares of…
A: A journal entry is a branch of accounting entry used to document a commercial transactions in a…
Q: Ms Amal and Ms Asma are partners sharing profits and losses in the ratio of 8:4. Ms Rawan is…
A: Partnership means where two or more person joins together to run the business and share the profit…
Q: Response containing written narrative, figures, and charts. Milano Co. manufactures and sells…
A: The breakeven point is the amount of production at which a product's expenses equal its revenues.…
Q: On January 1, 2021, the partnership of TM, JK and AB, who share profits and losses in the ratio of…
A: At the time of liquidation of the partnership, the cash to be distributed to the partners is equal…
Q: A) if you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be…
A: Lets understand the basics. Compound interest is a interest which is compound on the principal as…
Q: 4. EasyJet and Ryair are aviation firms based in UK with operations throughout UK and East Europe.…
A: The profitability ratios can be used to evaluate the profit earning capacity of the business, these…
Q: Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted…
A: Full Costing also known as Absorption costing is a costing technique of including all fixed and…
Q: Suppose you are the buyer for the housewares department of a department store. A number of vendors…
A: Net price = Price ×(1-discount rate)
Q: products that it sells to the same market. Excerpted below are its budgeted and actual operating…
A: The weighted-average budgeted contribution margin per unit is: Total budgeted contribution/ budgeted…
Q: Holland Corporation's annual report is as follows. March 31, 2023 March 31, 2024 Net Income…
A: Common stockholders are the owners of the company. They have voting rights. They are able to get…
Q: EXERCISE 4. Journal Entries - Cash, non-cash, and industry contributions. Prepare and upload the…
A:
Q: AEC purchased an equipment for its manufacturing plant that costs PhP 3 750 000. It is estimated to…
A: In the context of the given question, we are going to compute the book value of the plant after…
Q: Research & Development. Edwards Corporation purchases a building for $2,000,000 which is to be used…
A: The expense means the cost that is spent in the business activities. All the amount spent in the…
Q: The liquidation of the partnership of James, Larry and Brix resulted in a deficiency in James'…
A:
Q: A company shows a $500 balance in Prepaid Insurance in the Unadjusted Trial Balance columns of the…
A: In the given question, the unadjusted balance of prepaid insurance is $ 500. However, adjustment of…
Q: he capital investment requirement is P345,000 and the estimated market value of the system after a…
A: Net Cashflow for each of 6 years = Annual revenues - Annual expenses Net Cashflow for each of 6…
Q: 30,000.00 Accounts Receivable 400,000.00 Allowance for Doubtful Accounts 36,000.00 Merchandise…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: 2) V and K were partners sharing profits and losses as 60% to V and 40% to K. Their Balance Sheet as…
A:
Q: April 1 April 4 April 14 April 28 Answer the following questions assuming that the company uses the…
A: Date Receipt (Units x Price($)) Issue (Units x Price($)) Balance Inventory (Units x Price($))…
Q: 6) The investment in bonds will be initially recorded at what amount?
A: Investment in bonds are classified as Financial assets. financial assets are initially recorded at…
Q: accounting and auditing
A: Accounting is started when the bookkeeping is completed. Whereas, auditing is started when…
Q: K1 and K2 are partners who have capital balances of P95,000 and P65,000 and who share profits 60%…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: Enticement Co currently expects sales of $50,000 a month. Variable costs of sales are $40,000 a…
A: In the purview of the question, we are required to compute the increase in accounts receivable,…
Q: On November 1, 20x1, ABC discounted a P1,000,000, 90-day note, received from a customer on September…
A: Introduction: Accounts payable are a company's liabilities to its suppliers or other third parties.…
Q: How do I answer (c)?
A: Net present value is the difference between the current worth of cash inflows and withdrawals over a…
Q: On January 1, 2015, when the prevailing effective rate on similar instruments was at 7%, INC Company…
A: Bond Valuation Bond Valuation which can be made either par value or in discount or in premium as…
Q: During 2021, Cassandra Albright, who is single, worked part-time at a doctor's office and received a…
A: Form 1040 is a form that is used by the US citizens and NRIs to file their annual income tax…
Q: Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the…
A: 4800 Hours are available Minimum demand is 3000 units for Shorts and Pants We need to find out…
Q: Ritz Furniture has a contribution margin ratio of 0.17. If fixed costs are $166,600, how many…
A: Formula: Break even point in sales dollars = Fixed cost / Contribution margin ratio Division of…
Q: Company B furnished you with the following information with respect to material OXO: Annual…
A: Economic order quantity indicates the number of units to be ordered, So that company can minimize…
Q: Mercedes, Melinda and Julieta are partners sharing profit and loss 40%, 30% and 30% respectively.…
A: A journal entry is the act of keeping or making records of any transactions either economic or…
Q: Accounts receivable Inventory Net sales (all credit) Cost of goods sold Total assets Total…
A: Formula: Receivables turnover ratio = ( Net credit sales / Average Accounts receivables )
Q: The original cost of the properties was P9,000,000 each when they were acquired on January 1, 2015.…
A: The depreciation on investment property is recognized at the fair value over the remaining useful…
Q: Your answer is partially correct. Bramble Corp. purchased from its stockholders 5,600 shares of its…
A: In this question, we are required to prepare the journal entries for those transactions. Treasure…
Q: Please help me answer this. Thank you.
A: Given that; The PH debt as of today amounts 12000000000000 The Philippines is estimated to have…
Q: Sadie White receives an hourly rate of $30, with time and a data for the current week are as…
A: Payroll- The process of making payments to a company's employees is referred to as payroll.…
Q: Item Nos. 15 and 16 are based on the following information: On January 2, 200C, Glad, Happy, and Joy…
A: Ques 15: Joey's Opening Capital : 45000 Joey's Share of Cash : 7500 Hence, Joey's share of Loss on…
Q: Peter Works in a Month for 22 Days. Wage rate per hour is $ 15 Every day Peter works for 8 Hours.…
A: Formula used : Monthly salary = Number of hours worked x Wage rate per hour
Q: culture of the organization can impact the effectiveness of different project man osoft and Boeing,…
A: Project structures refer to the framework of a company under which a set of employees continuously…
Q: Financial Statements of a Manufacturing Firm The following events took place for Rushmore Biking…
A: The material to be used in the production during the period becomes part of work-in-process besides…
Q: Lalua Co is a US firm has planning to export its products to Singapore since its decision to…
A: Cash Flow Statements: The amount of cash and cash equivalents entering and leaving a company is…
Q: Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common…
A: Under the equity method, consolidated balance of the investment will be the sum of its initial…
Q: Pegasus Telecommunications Ltd (PTL) is considering rolling out a new cable Internet service. PTL is…
A: Introduction: Net present value method: The technique of computing the total valuation of all future…
Q: During 2019, Moore Corporation paid $20,000 of dividends. Moore's assets, liabilities, and common…
A: Net Income Computation of net income which was incurred to added up the beginning balance of…
Q: HP 5 of goods sold s profit rating expenses rating income er income/charges mnterest expense…
A: Cash flow from operating activities is generally calculated based on the net income and non cash…
Q: For the next five (5) questions: On January 1, 2022, when the prevailing market rate on similar…
A: In the context of the given question, we are required to compute the interest income to be…
Q: Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories.…
A: As per the guidelines, up to three subparts are allowed to be solved. Please resubmit the question…
10 )
Step by step
Solved in 2 steps
- (a) Calculate current Ratio and Quick Ratio from the followinginformation:Total Assets Rs. 350000Fixed Assets Rs. 175000Investment Rs. 70000Fictitious Assets Rs. 5000Share holders fund Rs. 200000Long term Debts Rs. 100000Inventory Rs. 45000(b) From the following information calculate the stock turnoverratio.Sales Rs. 200000, G.P 25% on cost, Opening Stock was 1/3rd of thevalue of closing stock. Closing stock was 30% of salesYou have the following information about Trisha Company: total asset =P350,000; common stock equity = P175,000; Return on Equity (ROE) =12.5%. What is Trisha’s earnings available for common stockholders? A. P21,875B. P43,750C. P50,000D. P47,632You are given the following information: Stockholders? equity = GHS1,250; price/earnings ratio = 5; shares outstanding = 25; and %3D market/book ratio = 1.5. %3D Calculate the market price of a share of the company?s stock. O A. GHS 33.33 B. GHS 75.00 C. GHS 10.00 D. GHS166.67 O E. GHS133.32
- 31 - The stock movements of entity A are as follows. Calculate STMMAVAILABLE OF GOODS PER PERIOD: 50000 TLPERIOD PURCHASES: 90000 TLFINANCIAL AVAILABILITY AT THE END OF THE TERM: 20000TLA) 120.000 TLB) 70.000 TLC) 60.000 TLD) 100.000 TLE) 130.000 TLIf the common stock of Comdisco pays an annual dividend of $0.28, has a PE ratio of 11, and closed at 25, what are the current earnings per share? a. $7.00 b. $2.27 c. $3.08 d. $1.12You are given the following information: ordinary shares, P80,000 (P80par); Share Premium-Ordinary, 200,000; and Retained Earnings, P400,000.Assuming only one class of share, the book value per share is? a.P280 b. P680 c. P80 d. P400
- The following data are taken from the books of a dealer in securities: How mu ch is the outputtax using 12% rate? Share held as inventory Share held as investment Selling price 3,000,000 2,000,000 Acquisition cost 1,000,000 1,500,000 Oth er Income 200,0002. Calculate stock turnover ratio from the following information: Closing stock RO 21,000 Sales RO 200,000Analyse the information given in the table below and answer the questions below:Details Company A Company BShare price R60 R90Number of ordinary shares issued 10 000 000 10 000 000Market capitalisation 600 000 000 900 000 000Annual earnings R90 000 000 R120 000 000Earnings per share A BPrice/ Earnings (P/ E) Ratio C DREQUIRED:Please note that all theoretical answers should be in your own words and not directly from yourtextbook or any other source. Remember to add a list of resources (correctly referencedaccording to the Harvard method) at the end of your assignment. Calculate the missing amounts for A ‐ D.Round off your answers to 2 decimal places.
- P7-23 Integrative: Risk and valuation Given the following information for the stock of Foster Company, calculate the risk premium on its common stock. Current price per share of common $50.00Expected dividend per share next year $ 3.00Constant annual dividend growth rate 6.5%Risk-free rate of return 4.5%You are given the following information: Book value of stockholders' equity = $5 million; price/earnings ratio = 10; shares outstanding = 100,000; and the market/book ratio = .5. Calculate the market price of %3D a share of the company's stock. O $37.50 O $25.00 O $50.00 O $75.00 O $16.673. A property holdings declared a dividend of P9 per share for the common stock. If the common stock closes at P76, how large is the stock yield ratio on this investment? a. 27. 17% c. 11.04% b. 27. 07% d. 11.84%