Explain four (4) strategy used in management accounting for achieve business goals
Q: The direct labor rate variance is Ca. $14,154.72 favorable Ob. $14,154.72 unfavorable Oc. $10,777.92...
A: Introduction:- Calculation of Actual rate as follows under:- Actual rate = Actual cost / Actual Hour...
Q: ABC Inc. began operations on July 1,2019. The company recognizes income from long term construction ...
A: Solution Concept When the income recognized in financial statement is greater than the income as per...
Q: Alfred issued 9%, ten-year bonds dated January 1, 2010, with a face value of $100,000 at 102 plus ac...
A: Cash proceeds from issue of bonds = (Face value of bonds x issue price / 100) + Accrued interest - I...
Q: A business purchased a new car at the start of October for $16,800 cash. The car has a useful life o...
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as d...
Q: At August 1 of the current year, there are 4,000 units at P15 each of merchandise inventory. During...
A: FIFO stands for first in first out inventory method. Under the perpetual inventory method the gener...
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A: Minimum selling price = incremental revenue/number of units
Q: Atra Corporation provides the following Information related to its merchandise Inventory during the ...
A: Inventory Valuation Methods are methods of valuation of inventory. There are three methods of invent...
Q: ecarrying (book) value of a bond at the time when it is issued is always equal to its par valu True ...
A: A bond may be issued at Par, at a premium or at discount. If the coupon rate of bonds is equal to m...
Q: Answer with computation and explanation If the total authorized share capital is P1,000,000 at P10 ...
A: Issued share capital is the amount or value of shares that has been issued by the company to it's sh...
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A: Margin of safety is the difference between total sales value and breakeven sales value. Here, we can...
Q: Depreciation is the process of allocating the cost of a plant asset to expense in the accounting per...
A: Plant is purchases in the year of its purchase. But the benefit from the plant comes in later years ...
Q: Which of the following would be included in the Lease Receivable account? I. Guaranteed residual va...
A: As per IFRS 16, Leases Executory costs are the costs such as repair and maintenance cost, taxes and ...
Q: Assume that IBM leased equipment that was carried at a cost of $182,000 to Sunland Company. The term...
A: Solution: As lease period is 6 years and equipment useful life is also 6 years, therefore lease shou...
Q: The ovehead overahocated fer Al Jaber Company in 5300.000. Ovehead s alocated under the nomal costin...
A: Proration method refers to the two situations under which the at the end of the accounting year unde...
Q: I need help with just 4a please thank you.
A: The Company generally differentiate the different type of costs in order to control and track those ...
Q: You are auditing the cash account of GSP Company with a balance of P 840,000 as of December 31, 2022...
A: Cash balance is shown in current assets on the assets side of the balance sheet.
Q: 8. If the direct labour cost for company A is £15,000, direct material cost is £26,000, factory rent...
A: Formula: Conversion cost = Direct labor cost + Factory overhead
Q: What are the risk-adjusted on-balance-sheet assets of the bank as defined under the Basle Accord?
A: The answer is stated below:
Q: Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per Wages a...
A: Formulas that are used to calculate Activity Variances:-
Q: Required information (The following information applies to the questions displayed below) The follow...
A: Sales tax: Sales tax is one type of indirect tax that needs to pay on selling goods or rendering ser...
Q: cost and hol
A: Economic order quantity refers to the ideal quantity that a company is required to order for reducin...
Q: Which of the following describes the lease term test? If the lease term is 75% or more of the econ...
A: As per IFRS 16 In a finance lease the lessor will lose the ownership of leased asset. Thus he shoul...
Q: Oriole Company, a major retailer of bicycles and accessories, operates several stores and is a publi...
A: The cash flow statement is prepared to record the cash flow from various activities during the perio...
Q: So-called 6-month or 12-month same-as-cash offers allow you to pay off the whole balance within a ce...
A:
Q: 5... new...C Indigo Inc. manufactures an X-ray machine with an estimated life of 12 years and leases...
A: Introduction A lease is an legal agreement or contract under which one party agrees to give it build...
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near ...
A: A flexible budget is prepared on the basis of the budgeted rate and on the basis of different activi...
Q: Question: Amount of Issuance Price per Share for the Common Stock Issued for the Year? (Round to the...
A: Common stock: Common stock is one of the types of stock owned by the company in terms of ordinary ...
Q: Sunland Company has assets of $4398000, common stock of $1068000, and retained earnings of $645000. ...
A: Formula: Accounting equation: Assets = Liabilities + Owners equity
Q: Questions: 1. The loss from discounting of notes receivables is? 2. The adjusted balance of Accoun...
A: This is a multipart question in which we have to solve different parts.
Q: Which of the following decreases owner’s equity?A. investments by ownersB. lossesC. gainsD. short-te...
A: Owners equity is the total amount that is being attributable for the owners or shareholders of the c...
Q: Bonita Leasing Company agrees to lease equipment to Windsor Corporation on January 1, 2020. The foll...
A: A lease is an arrangement where a lessor agrees to allow a lessee to control the use of the asset fo...
Q: What is the amount of income tax payable for 2019? What is the company's financial income subject t...
A: Solution Concept Financial income is the income as per the income statement prepared by the company ...
Q: A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2009. ...
A: Depreciation as per straight-line method = (cost - salvage value)/useful life
Q: Using the following balance sheet and income statement data, what is the debt to assets ratio? Curre...
A: Formula: Debt to Assets ratio = ( Total liabilities / Total Assets ) x 100
Q: Indigo Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Chambe...
A: Lease agreement :- Lease agreement is a legal agreement which involves transference of an asset righ...
Q: The following information relates to HAVE MERCY Company’s obligations as of December 31, 2019. For e...
A: Accounts payable is the current liability that is due within one operating cycle. One operating cycl...
Q: January 3 Purchased equipment for $55000, paying $45000 in cash and signing a 10000, 4-month, 10% no...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: Cramer Company sold 5-year, 8% bonds on October 1, 2011. The face amount of the bonds was $100,000, ...
A: Interest expense = Interest accrued - Amortization of premium where, Accrued interest = Face value o...
Q: attached is the problem REQUIRED: What is the lease liability on Dec. 31, 2020? What is the lease...
A: A lease is a contract between two parties in which one party grants rights to the other to use the a...
Q: The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Cr...
A: Journal entry: It is the first step of recording transactions of a company. Before this, no other ...
Q: The auditor would like to determine any cash restriction. Which of the following audit procedures ma...
A: Budget audits or a third-party objective review and evaluation of a company's financial accounts are...
Q: The following data were drawn from the records of Quentin Corporation. Planned volume for year (stat...
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Which document lists the total direct materials used in a specific job?A. job cost sheetB. purchase ...
A: Direct material is that cost of material which is used directly for production and manufacturing of ...
Q: hort-term notes payable: O Can replace an account payable O Can be issued in return for money borrow...
A: Short term notes payable is a current liability. It is an obligation to pay a specified sum plus int...
Q: The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were ...
A: The least-square method is the best method to bifurcate fixed and variable costs from the total cost...
Q: Oriole Company, a major retailer of bicycles and accessories, operates several stores and is a publi...
A: The question is based on the concept of Cash flow statement. Cash flow statement is the statement th...
Q: A company reports the following beginning inventory and two purchases for the month of January. On J...
A: Last In, First Out (LIFO): Inventory is counted using the last in, first out (LIFO) approach. The ex...
Q: Benny, Jenny and Kenny are partners in trading business. They participate in the profits and losses ...
A: Liquidation in the partnership accounting is refers to the closing the partnership firm and distribu...
Q: Finance and Growth: Previous Balance $562.93 Month Day Transaction Amount Мay Billing Date 10 May 14...
A: Interest- Interest is the amount paid by the borrower to the lender above the principal amount at a ...
Q: ers Its eal bo tons
A: Given: company sold=500,000 customer redeemed=220,000 boxtops receiving=55,000bowls
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- Think about the organization chart in Figure 1.7. Describe ways in which each of the accounting and managerial functions might overlap and complement each other.a. What are the techniques that are commonly used in Management accounting?Question 5 Explain in detail for the following with your own examples. a. Scope of Management Accounting b. Functions of Management Accounting c. Essentials of Effective Reports
- Question 6 Discuss the difference between Financial Accounting and ManagementAccounting and highlight who uses Management Accounting and what is thekey function of Management Accounting.Management Accounting Reports Definition, advantage & disadvantage, Example (Business Example)Explain the three principles guiding thedesign of management accounting systems.
- 2. Which is the main characteristic of Management accounting? a. Helping to achieve organizational goals b. All of the above c. Analyzing accounting information d. Cause and effect analysis1. Explain detail about Ethical values and principles in management accounting give two examples*Please answer in detail* What is the role of Strategic Management Accounting in the Business Strategy Formulation and Deployment?