Give the advantages/disadvantages of Share-based payments for services rendered by employees.

Q: Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2…

A: Solution:- 1)Calculation of return on assets as follows under:- Return on total assets ratio…

Q: The standard direct labor rates in effect for the current fiscal year and the standard hours allowed…

A: The labour engaged directly in the production is referred to as direct labour. The wages paid to…

Q: ting at 70% capacity. The plant manager is co O each, a price that is projected to increase e…

A: To decide whether a product should be purchased or made, the purchase cost must be compared with the…

Q: Company provdes the following ABC costing information: Total Costs Activity-cost drivers itles…

A: Activity Based Costing is a method identifying activities and then assigning indirect cost and…

Q: On January 1, 2020, Rama Company had 20,000 treasury shares of P100 par value that had been…

A: Treasury stocks are repurchased shares of the company. The firm can  reissue these stocks at a…

Q: Explain the role and limitations of budgeting in business organizations. Support your answer with…

A: The answer is stated below:

Q: was 107o. uring the first month, Tamara collected $220 Rer deducting $760 of discounts. Tamara…

A: Solution:- Journal entries To record receiving cash from accounts receivable   Cash    account…

Q: Deirdre Surf Shop, Inc. placed in service computer equipment with a basis of $15,0 th a basis of…

A: Placed in service is  point of time when an asset that can be depreciated for the use of accounting.…

Q: Assume A, a "United States Person", owns 9.5% of the vote and value of X, a foreign corporation. A…

A: The answer for the question on U S shareholder is discussed hereunder : A,  a United States person,…

Q: exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of…

A: Direct material price variance = (Standard Price - Actual price) x Actual Quantity  = (Standard…

Q: Crane Company sells one product. Presented below is information for January for Crane Company.…

A: Using periodic system, the cost of goods sold is not recorded regularly. It is estimated and…

Q: We discussed contingent liabilities in class.   Describe the conditions for when a contingent…

A: A liability whose occurrence depends upon the happening or non happening of future uncertain events…

Q: On January 1, 2021, Ree Company sold a machine to Say Company. In lieu of cash payment, Say gave Ree…

A: Liabilities are the amounts which are owed by the organization at the date of the preparation of the…

Q: Assume that we use a perpetual inventory system and that five identical units are purchased at the…

A: The LIFO method stands for Last in first out. The units purchased at last are to be sold first.

Q: ed by a lessee for a lease term of- nterest rate is 12% and payments e at the end of the period. The…

A: Accounting of lease assets  Financial Lease Accounting  Recording unearned interest income in the…

Q: EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner…

A: The sales price variance is the difference between the estimated /standard price and the actual…

Q: der why earnings managem dered important by many m= nanagement teams. Discuss

A: Earnings management is the practice of use accounting procedures to generate income reports that…

Q: Which statement is NOT true about the structure of the Earned Income Tax Credit (EITC)? A. EITC…

A: Answer:-  Earned Income Tax Credit (EITC) meaning:- The Earned Tax Credit (EITC), is a kind of tax…

Q: Calculate the net payment due if the shipment is received on January 10th and the payment is made on…

A: The company making sales on account sometimes provide the discount to fasten the collection process.…

Q: aw Products, Inc. developed standard costs for direct material and direct labor. In 2017, All…

A: Labor efficiency variance = (Standard hours - Actual hours) * standard rate

Q: Plasma Storage Devices buys $10,000 of equity securities, which it classifies as available-for-sale.…

A: Available for Sale (AFS)  securities are those securities equity  or debt securities that are…

Q: which of the following actions update/ record is: a master file, transactions file, special journal,…

A: Transaction- A business transaction, also known as a financial transaction, is one that can be…

Q: Mandatory redeemable preferred stock must be classed as Stockholders' Equity on the balance sheet,…

A: The term "stock" refers to a statement of financial position or ownership. The two categories of…

Q: The following information is available from Goodyear Company’s 2022 accounting records:…

A: COST OF GOODS SOLD IS THE TOTAL AMOUNT OF COST DIRECTLY RELATED TO PRODUCTION OF GOODS AND SERVICES.

Q: Mr. and Mrs. Bachman, both age 65, file a joint return. In 2021, they have wages of $30,000,…

A: Gross total income includes all the kinds of income earned during the year including wages,…

Q: Analysis of Recelvables Method At the end of the current year, Accounts Receivable has a balance of…

A: Calculation of amount of Adjustment Entry The adjustment entry will be made for bad debts expense.…

Q: Give journal entries for the following: On February 1, Your Company’s board authorized 250,000…

A: Journal entry: It implies the recording of the financial transactions of the business in it's…

Q: Inn Corporation had 30,000 ordinary shares of NPA Company which it acquired during Year 2 for a…

A: Answer -    Working Note : December 31, Year 2 ledger balance (30,000 shares x 65)…

Q: If the residual income calculated for a division is a negative number, then which of the following…

A: Return on investment is the amount earned on the investment made.   Minimum required rate of return…

Q: Asap Imperial Jewelers manufactures and sells a gold bracelet for $407.00. The company’s accounting…

A: Introduction: Financial Advantage Associates is a full-service financial services organisation. It…

Q: P8.6 (LO 3)  (Compute FIFO, LIFO, Average-Cost—Periodic and Perpetual) Ehlo Company is a multi…

A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method.

Q: Plasma Storage Devices buys $10,000 of equity securities, which it classifies as available-for-sale.…

A:

Q: A die-cutting machine was purchased three years ago for $450,000. The useful life of the equipment…

A: Calculation of after tax cash inflow on sale of old machine: Cost of old machine…

Q: d.                                                             Cash Receipts…

A: Jan Feb Mar   Total Sales Value         90,000        1,10,000        1,20,000   Sale in…

Q: Dividends $20,000 Long-term capital gain 15,000 Trustee’s fees 1,500 Distribution to…

A: Taxable income refers to the gross income portion which is used for determining how much amount of…

Q: Sales (20,000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45 900,000 Contribution…

A: The margin of safety is part of cost volume profit analysis. It indicates the actors of actual sales…

Q: d. What is the Year-1 imputed interest expense? Do not round intermediate calculations. Round your…

A: As Given  that (HPB) Company need a $80,000 compressed air. Although the compressor's economic…

Q: is earned in the previous year 2020-21. (1) Salary received from Govt. of India (He lived in…

A: In India, income taxation is determined by a person's residency status. An individual's residence…

Q: A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays…

A: Formula used : Cash paid to retailer = Invoice amount - cash discount amount. Deduction of discount…

Q: ry 1, 2020, the Pacita Corp equity securities for P2,000,000. ssion, taxes and other transacti…

A: Marketable securities are valued at fair value at the end of the accounting year . The difference…

Q: If the residual income calculated for a division is a negative number, then which of the following…

A: Residual Income is calculated by reducing minimum required rate of return from Return on investment.…

Q: At the beginning of the current year , Flash Company had retained earnings of P4,000,000 . During…

A: Retained earnings are surplus left after paying all operating Expenses, taxes and dividends. It is…

Q: Problem 16-2 (ACP) Zeus Company reported pretax financial income of P8,000,000 for the year ended…

A: Given information, Financial income =P8,000,000 Taxable income =P9,000,000 Tax rate =25% Estimated…

Q: Sales (20,000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45900,000 Contribution…

A: Degree of operating leverage (DOL): DOL reflects the variable and fixed cost relationship of an…

Q: When should a reversal of a goodwill impairment be recognised? a) © Immediately b) At…

A: Goodwill Impairment: Accounting charges are referred to as goodwill impairment when the carrying…

Q: If the residual income calculated for a division is a negative number, then which of the following…

A: Residual Income is calculated by reducing minimum required rate of return from Return on investment.…

Q: ec. 1245 property acquired in 1983 for $850.000 have been claimed. Martha inherits the me amount of…

A: The answer has been mentioned below.

Q: 3. Danielle Curtain files as married fing jointly on her tax retum and earned weekly gross pay of…

A: The wage bracket method can be used by employees who are claiming a maximum of 10 allowances. The…

Q: Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.)…

A: Variance: The variance is a measurement of the variability in the data. The formula for calculating…

Q: We assume that we have a secured a loan of $10,000 from a bank which will be paid in one year. The…

A: Loan: The duration of a loan, or the amount of time it takes for a loan to be repaid in full when…