Describe the responsibilities of an accounts payables specialist.

Q: Yao Company began operations on June 1, 20x1 and prepares monthly financial statements. It has the f...

A: The prepaid expenses are the expenses paid in advance but not yet due for payment. 

Q: Kent Ltd owns all of the shares of Lodh Ltd. That is Lodh Ltd is a wholly own subsidiary of Kent Ltd...

A: Kent Ltd is a parent company And, Lodh Ltd is a wholly owned subsidiary of Kent Ltd. 

Q: Suppose you are the Director of Human Resources at the local Toyota dealership. You have recently de...

A: GIVEN   Suppose you are the Director of Human Resources at the local Toyota dealership. You have rec...

Q: an investment broker for Fernanda and Tigstu, what would If you were you advise them to do about the...

A: Since you have asked two questions and as per our protocol we provide solution to the one question o...

Q: In small business some activities are outsourced and some resources are acquired externally, that is...

A: THERE ARE EFFORTS OF VARIOUS PEOPLE IN ORDER TO RUN A SUCCESSFUL BUSINESS MANY PEOPLE ASSOCIATED ORG...

Q: Ackerman Limousine Service Balance Sheet December31, 2020 Assets Cash P 16,000 Accounts Receivable 2...

A: The equity comprises of capital and retained earnings of the business.

Q: Record adjusting journal entries for each separate case below for year ended December 31. Assume no ...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: (LO 4) (EPS: Simple Capital Structure) A portion of the statement of income and retained earnings of...

A: Earnings available for common stockholders:   Amount (P) Income from continuing operation     1...

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

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

Q: The following information is taken from Aden Company's records: Product Group Units Cost/Unit Market...

A: Answer a) Calculation of Value of Inventory of the company applies Lower of Cost or Net Realizable V...

Q: On 1 January 2015: A Company has a Building which cost $800,000. Accumulated Depreciation to date on...

A: Impairment Loss = Carrying Value - Recoverable value Carrying Value = Cost of asset - Accumulated de...

Q: 1. -per Tax Return 2022 ¥130,000,000 2023 104,000,000| 2. On January 1, 2022, equipment costing ¥600...

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

Q: $800,000 $400,000 $200.000

A: The share is given as,

Q: How much will be the per unit savings/loss?  If the tools are purchased and the facility rented, Can...

A: 1     Particulars Formula Amount (P) Cost of production     Variable cost (P28*30000) 840000 ...

Q: Omicron Ltd. has a petty cash fund for $2,750 when established. When financial statements are prepar...

A: The petty cash fund is established to maintain the cash balance for smaller cash transactions of the...

Q: What would be the value of P1,000,000 3 years from now if it would be invested at a return of 12% pe...

A: Compound interest refers to the simply earning interest on interest. The principal is increased by t...

Q: 12 000 4 000 1 nd fittings 1 000 2 000 50 000 10 000 2 30.000

A: As per rule, allowed to answer first question and post the remaining in the next submission.

Q: Please respond promptly:                                                                            ...

A: Introduction:- Internal control means:- Internal controls are company policies and procedures and ru...

Q: our year end is December 31. You lent $120,000 to another company on Oct 1. If the interest rate is ...

A: Solution Concept The amount of the interest receivable is mathematically equal to =principal * inter...

Q: Salaries Expense $ 91,500 Accounts receivable $ 86,500 Share Capital 40,000 Insurance Expense 10,800...

A: The income statement is prepared using trial balance and it tells about the profitability of the org...

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: Pacific Hotels operates a centralized call center for the reservation needs of its hotels. Costs ass...

A: Lets understand the basics. There are two method for cost allocation which are, Single rate  - In th...

Q: compute for the cash and cash equivalent that would be reported on the December 31, 2016 balance she...

A: As per our protocol we provide solution to the one question only but you have asked two questions un...

Q: GRAY Company uses the direct method to prepare its statement of cash flows. GRAY had the following c...

A: Investing activities in a cash flow statement includes the activities done by a company such as inve...

Q: ancelot is a dealer of household appliances. He reported the following in 201 | 2019 P500,000 P800,0...

A: Accrual Basis of accounting means recording transaction on Accrual basis i.e. as and when they inten...

Q: Which of the following questions cannot be answered when analyzing the information presented in an i...

A: Answer: Income statement is the statement which shows the profit or loss when the revenue and expens...

Q: How much final tax will be withheld from Atty. Diokno if the law office distributed 50% of its 2021 ...

A: Atty. Diokno is a 30% partner in profit in his law office. It can therefore be concluded that Atty. ...

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: Problem 3-15 High-Low Method; Predicting Cost [LO1, LO2] Crosshill Company's total overhead costs at...

A: Here is given a multiple Sub-parts, As per the Guidelines I give the solution of first 3 Sub-parts p...

Q: Joe and Jane Keller are a married couple who file a joint income taxreturn, where the tax rates are ...

A: The marginal tax rate seems to be the sum of additional tax that must be paid for each new dollar of...

Q: On March 15, 2014, Rex Company paid property taxes of P180,000 on the factory building for calendar ...

A: Given that property tax for the calendar year 2014 paid on March 15, 2014 is P180,000 Property tax p...

Q: These are the events or transactions that occur subsequent to the balance sheet date and may affect ...

A: Prior period transactions are the transactions which are incurred or occurred in previous years to t...

Q: Harry Potter started a Food business to be known as "Harry Delights".

A: Accounting equation is the formula to be satisfied when recording an accounting transaction. The for...

Q: Cadii enuanTATn ISD 18,350 Consulting revenue 4,480 19,360 Salaries expense 46,040 Telephone expense...

A: In Acounting financial statement is prepared. the financial statement include balance sheet in which...

Q: In 2018, Keitel made the following changes to the portfolio: E On Feb. 15, sold 2,400 Alpha shares f...

A: Equity Investment in FVOCI Investment which can be classified into two types FVPL and FVOCI and the ...

Q: nise; expires payment on leasehold (term of lease is 2 y 2019 including incorporation fee, P3,000 a ...

A: The balance sheet is given as,  

Q: Sandhill Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of ...

A: Income statement is the financial statement prepared in order to estimate the profitability of the e...

Q: Azure laptops has a manufacturing plant operating at full capacity has the sales of 3,000,000 for th...

A: Lets understand the basics. Financial leverage company EBIT with the EBT of the entity. Formula = EB...

Q: [The following information applies to the questions displayed below.]   Tunstall, Inc., a small se...

A: Balance Sheet is called the position statement of the company because it shows the standing balances...

Q: Muskoko Inc. purchased a property for $1.800,000 in 2022. The carrying value of property was $1,500,...

A: Correct option: B. Impairment loss of $ 250,000 Incorrect options: A. Impairment gain of $ 550,000 C...

Q: Whether wages paid to all employees are supported by a written and verifiable record of hours worked...

A: Auditing refers to audit of financial statements of a entity in order to check whether they show tru...

Q: Shah Rukh invested RM5 000 in an investment fund for three years. At the end of the investment perio...

A: Simple interest is the amount of interest which is incurred or earned over the period of time. Under...

Q: 2. Consider "Optimal Taxation Theory" a) What is its objective? b) Summarize the main principles in ...

A: The study of creating and executing a tax that optimizes a social welfare metric under economic limi...

Q: orp. currently has sales P2,000,000, and its days sales outstanding is 2 weeks. The financial manage...

A: Given data, Sales =P2,000,000 Days sales outstanding = 2 weeks New sales =50% increase Bad debts =2%...

Q: Bebe owns 30% of the capital and profits of his law office. The law office reported P5,000,000 profi...

A: Tax refers to the compulsory financial obligation as well as some other kind of levy imposed on the ...

Q: Practice Problem 9 Job No.206 incurred the following costs: Wages: Department X - 400 labor hours @ ...

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

Q: Matcha Company reported the following changes in all the account balances for 2021, except for retai...

A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...

Q: In May 2017, o parent sola inventories to a subsiaiary entity for $60 000. The inventories nao previ...

A: When a company takes over the shares of another company, it would be considered as consolidation. Th...

Q: winter provided the following shareholders’ equity on December 31, 2021: Preference share capital...

A:

Q: The following transactions relate to Al-Zafra MunicipalityGeneral Fund for the year ended December 3...

A:

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.