In your own understanding, Why is technical writing important in our everyday lives?

Q: - Co. acquires a building on January 1, 200A at a cost of P5,500,000. The uilding has an estimated u...

A: solution concept annual depreciation using straight line method =(Cost- residual value ) / useful li...

Q: Primare Corporation has provided the following data concerning last month’s manufacturing operations...

A: The manufacturing costs comprises of direct materials, direct labor and manufacturing overhead appli...

Q: Answer if true or false. If false write the word that makes the statement incorrect/wrong. 1. In oth...

A: FOB destination and FOB shipping point are two type of shipping terms that are used. Credit card is ...

Q: Stephco purchased $4,000 worth of merchandise. Transportation costs were an additional $350.  Stephc...

A: Total amount paid for merchandise is calculated as below.

Q: Marcel Yang is a young college graduate who did not take a planning course. personal finance. Now he...

A: Personal financial statements aid an individual to plan their finances in a better manner in the nea...

Q: LOUD BASE WIRELESS sells a variety of mobile telephone accessories including several brands of Wirel...

A: Solution A Journal is an company's official book in which all business transactions are recorded in ...

Q: ucido Products markets two computer games: Claimjumper and Makeover. A contribution format income st...

A: The Break-even point indicates that total units are to be sold by the business entity to recover its...

Q: The following information was included in the bank reconciliation for Phillip Company for October an...

A: The calculation is given below. 

Q: The following financial statement information is from five separate companies. Company A Company B C...

A: The accounting equation states that assets equal to sum of liabilities and equity. Ending Equity can...

Q: Erle Company manufactures a mobile fitness device called the Jogging Mate. The company uses standard...

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: The Avett Brothers had net income of $225,000 for the year just ended. The following information was...

A: CASH FLOW STATEMENT: It is a statement that shows details of the flow of cash from the business.  Th...

Q: S1: PSQC 1 specifically refers to competence as required in the audit of specialized industries S2: ...

A: Philippines Standard on Quality Control (PSQC-1 ) provides guidelines for quality control for audit ...

Q: You are tasked to perform cut-off procedures for expenses and its related payable. In testing the c...

A: Cut-off procedures means all transactions are recorded is related to correct accounting period. Gene...

Q: What temporary capital records are found in the income statement? Revenue and Expenses Revenue and A...

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: Basic illustration corp. produces and sells product X. The selling price is 25 and the variable cost...

A: Ans. The break even point is determined by dividing Fixed cost by contribution per unit. Contributio...

Q: 1. A hotel receives advance payment of 2,500,000 from a conference organizer. This is not a sale due...

A: Solution Note Dear student as per the Q&A guideline we are required to answer the first question...

Q: I need the double declining balance for 5 years based on the following statement, I have the first t...

A: Thw Depreciation expense is charged on fixed assets as reduced value of the fixed usage and the pass...

Q: Which of the following is recorded as a cost when purchasing an existing building? O A. cost to reno...

A: The correct solution is given in the following steps for your reference

Q: True or false If transportation costs are the responsibility of the buyer, they should be added to t...

A: Correct answer-True  

Q: Which of the following agendas would least likely affect the total liabilities of the entity?

A: On review of the agenda of the minutes of the meeting, and the choices given in the question, there ...

Q: Required information [The following information applies to the questions displayed below.] On Decemb...

A: An income statements statement that shows a company's income and expenses. It also indicates whether...

Q: On January 1, 2021 Asset of Matalino Company was P2,500,000 and its liabilities was P800,000. By Dec...

A: As per accounting equation in accounting, total assets must be equal to total liabilities and equity...

Q: Assume that a relatively new company you and you group members are involved wilth has presented you ...

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: A. The existence of loans. B. The completeness of loans. C. Related disclosures pertaining to asse...

A: Assertions are claims made by the management of the company which are further verified by the audito...

Q: The following are generally non-taxable income, except:  A. Stock Dividend B. Compensation for pers...

A: The person would not be taxed if the source of income is a stock dividend, receipt from farming, or ...

Q: Ben had $88,000 of income from wages and $4,350 of taxable interest. Ben also made contributions of ...

A: Taxable income seems to be the part of an individual's personal or a firm's income which is used to ...

Q: Bulgasal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000 5,8...

A: Retained earnings is the amount of earnings which is accumulated and collected over the period of ti...

Q: Situs of taxation is the place of taxation. Which of the statement is not true about situs?

A: Answer: Situs of taxation is place of taxation. a. Situs of persons is the residence of the taxpay...

Q: 4,500 per year for 5 years. Mutually Exclusive project LL costs 37,500, and its expected cash flows ...

A: Net present value = (Annual cash inflows x Present value of annuity factor at 14% for 5 years) - Ini...

Q: With regard to segregation of duties, rule one is that transaction authorization and transaction pro...

A: Answer: One of most important part of internal control is segregation of duties. It includes that tr...

Q: S1: The agriculture sector is specialized because only a few businesses operate in the industry S2: ...

A: There are some specialized industries where additional matters to be considered while auditing. Here...

Q: Which circumstance is an example of why Congress established the nonrecognition of gain or loss when...

A: The circumstance that is an example of why congress established the recognition of gain or loss when...

Q: ratio: 2.61x quick ratio: 2.56 cash ratio: 0.85 2. Accounts receivable turnover: 4.08 Ave collectio...

A:  working capital Management is important for company to operate smoothly and efficiently. A good amo...

Q: On December 30, Year 1, ABC Corporation sold a machine to DEF Corporation in exchange for a non-inte...

A: Present value of note receivable on December 31, year 1= Annual amount of payment x Present value fa...

Q: A client erroneously recorded a large purchase twice. Which of the following internal accounting con...

A: Internal control measures are those ways and measures which helps in achievement of objectives of th...

Q: 8,860.50 round to nearest dollar. What is the answer?

A: Rounding to the nearest dollar works as follows: The number rounds to one previous digit if the dec...

Q: lier charges P500 per sa ies. It takes an average entory are funded thru

A: Here it is given that number of days is 365 and average unit sold per day is 60. Hence Total Require...

Q: X Co. purchased P28,800. Give the adjusting entries as of December 31, 200A assuming the a two-year ...

A: Under Asset method, the entire amount spent will be recorded as a current asset initially and at the...

Q: overvalued Building. As a consideration, OPQ Co. issued its own shares of stock with a market value ...

A:

Q: 98 cases were purchased at a cost of $6,202 each. In addition, the business paid a freight charge of...

A: First-in, first-out (FIFO) cost flow assumption - Under FIFO Method, Inventory purchased first is so...

Q: On June 1, Maxwell Corporation (a U.S.-based company) sold goods to a foreign customer at a price of...

A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...

Q: Mr. XYZ is negotiating to buy a parcel of property for his business. The seller of the property is a...

A: The cost concept is a component of the GAPP in accounting. When a new asset is acquired, it should a...

Q: Choy, after receiving her degree in Hotel and Restaurant Management began her own business called Ch...

A: Accounting equation of the business is one of the important element of accounting. This says that to...

Q: The Polaris Company uses a job-order costing system. The following transactions occurred in October:...

A: A T-account is a colloquial term for a set of financial records that employ double-entry bookkeeping...

Q: a. You are an IS designer assigned to build a new accounting system for one of your company's divisi...

A: Solution:- You are an IS designer assigned to build a new accounting system for one of your company'...

Q: Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO ...

A: solution concept periodic inventory system                 Under periodic system of inventory , the ...

Q: Sheffield Corporation agrees on January 1, 2020, to lease equipment from Packers, Inc. for 3 years. ...

A: The question is based on the concept of Operating Lease in  Lease Accounting. Operating lease does n...

Q: 33. On January 2, 2017 Skysong Company leases a machine with a fair value of $35,000 from Snead, In...

A: Leases Leases which are used by the entity to acquired the capital assets which can use for the prod...

Q: Stew and Peed entered into a partnership on March 1, 2017 investing P 2,000,000 and P 1,000,000 resp...

A: Two or more person can start partnership firm. They usually contribute capital at the start of partn...

Q: Marin, Inc. leases a piece of equipment to Bucks Company on January 1, 2020. The contract stipulates...

A: Lease receivables = the minimum lease payments The minimum lease payments will include annual lease ...