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3 years ago

Match the sub-specialization to their definitions.

Business

2 answers:

loris [4]3 years ago

5 0

Answer:

forensic accounting- Working within companies or as a

consultant to detect bookkeeping

errors, embezzlement, and

fraudulent financial reporting.

environmental accounting- Involves a relatively new field in

which specialists help companies

manage their CSR initiatives.

taxation- Researching and inspecting all

summary reports to insure full

compliance with all state and

federal reporting requirements.

auditing- Handles all reporting and

documentation submissions

to local, state, and federal

tax agencies.

Explanation:

i think these are right the last two im really not sure of sorry if wrong.

larisa [96]3 years ago

4 0

Answer:

Auditing:conduct an official financial inspection of (a company or its accounts).

taxation : Taxation is the means by which a government or the taxing authority imposes or levies a tax on its citizens and business entities. From income tax to goods and services tax (GST), taxation applies to all levels.

environmental accounting : Environmental accounting is a field that identifies resource use, measures and communicates costs of a company's or national economic impact on the environment.

forensic accounting: Forensic accounting is a combination of accounting and investigative techniques used to discover financial crimes. One of the key functions of forensic accounting is to explain the nature of a financial crime to the courts.

hope it helps

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Problem 24-6A Payback period, break-even time, and net present value LO P1, A1

KengaRu [80]

Answer:

1. Payback period = 2.8 years

2. Break-even time = 3.8 years

3. NPV = $12,577

Explanation:

NOTE: See the attached excel file for the calculation tables.

1. Determine the payback period for this investment.

Payback period = 2 years and [(49,600 / 70,800) * 12] months = 2 years and 8 months approximately = 2.8 years.

2. Determine the break-even time for this investment.

Break-even time = 3 years and [(23,622 / 36,199) * 12] months = 3 years and 8 months approximately = 3.8 years

3. Determine the net present value for this investment.

Net present value (NPV) of this investment is $12,577

Download xlsx

6 0

3 years ago

Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and adminis

IgorLugansk [536]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and administrative expenses. The company's product cost of $30 per unit is computed as follows. Direct materials $ 4 per unit Direct labor $ 16 per unit Variable overhead $ 4 per unit Fixed overhead ($600,000 / 100,000 units) $ 6 per unit.

We don't have the information of selling price and units sold.

Income statement:

Sales

Variable costs:

Direct material

Direct labor

Variable manufacturing overhead

Total variable cost (-)

Contribution margin

Fixed costs (-)

Net operating income

3 0

3 years ago

Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payro

Roman55 [17]

Answer:

Marcelino Co.

Journal Entries:

Debit Raw materials $500,000

Credit Accounts Payable $500,000

To record the purchase of raw materials on credit.

Debit Factory payroll $363,000

Credit Cash $363,000

To record payment for factory payroll.

Debit Work in Process:

Job 307 $135,000

Job 307 $220,000

Job 308 $100,000

Credit Raw materials $455,000

To record direct materials used in production

Debit Work in Process:

Job 307 $42,500

Job 307 $75,000

Job 308 $52,500

Credit Factory overhead $170,000

To record overhead applied.

Debit Factory overhead $175,000

Credit Raw materials $50,000

Factory payroll $23,000

Factory rent $32,000

Factory utilities $19,000

Factory equipment depreciation $51,000

To record actual factory overhead costs.

Debit Finished Goods Inventory $828,500

Credit Work in Process:

Job 306 $321,500

Job 307 $507,000

To record the cost of finished goods transferred.

Debit Cost of goods sold $321,500

Credit Finished goods inventory $321,500

To record the cost of goods sold.

Debit Cash $635,000

Credit Sales Revenue $635,000

To record the receipt of cash for sales.

Debit Cost of Goods Sold $5,000

Credit Factory overhead $5,000

To record underapplied overhead.

Explanation:

a) Data and Calculations:

Raw materials inventory, March 31 = $80,000

Raw materials $500,000 Accounts Payable $500,000

Factory payroll $363,000 Cash $363,000

Overhead costs incurred in April :

Indirect materials $50,000 Raw materials $50,000

Indirect labor $23,000 Factory payroll $23,000

Factory rent $32,000 Cash $32,000

Factory utilities $19,000 Cash $19,000

Factory equipment depreciation $51,000 Accumulated depreciation $51,000

Total overhead incurred = $175,000

Predetermined overhead rate = 50% of direct labor cost

Sale of Job 306 for cash = $635,000

Job 306 Job 307 Job 308 Total

Balances on March 31

Direct materials $29,000 $35,000 $64,000

Direct labor 20,000 18,000 38,000

Applied overhead 10,000 9,000 19,000

Costs during April

Direct materials 135,000 220,000 $100,000 $455,000

Direct labor 85,000 150,000 105,000 340,000

Applied overhead 42,500 75,000 52,500 170,000

Total costs $321,500 $507,000 $257,500 $1,086,000

Status on April 30 Finished (sold) Finished (unsold) In process

3 0

3 years ago

Prezas Company's balance sheet showed total current assets of $2,500, all of which were required in operations. Its current liab

ipn [44]

Answer:

$1,275

Explanation:

Recall that,

Net operating working assets (NOWC) = Current assets - (current liabilities - notes payable).

Thus,

Given that

Current assets = 2500

Current liabilities = 975 + 250 + 600 = 1825

Notes Payable = 600

Therefore,

NOWC = 2500 - (1825 - 600)

NOWC = 2500 - 1225

NOWC = $1275

8 0

3 years ago

Define liquidity. Rank the following assets in terms of liquidity, from most to least liquid: money market mutual fund, savings

valina [46]

Answer:

Liquidity: amount of cash or cash equivalents and its primary feature of converting quickly into money without losing any of it current value.

1)_ Dollar bill

2)_ Saving account

3)_ Checking account

4)_ Gold bar

5)_ Corporate stock

6)_ Money market mutual fund

7)_ House

Explanation:

To begin with, the liquidity is the feature of those assets to converting the most quickly as possible in cash and therefore the the most liquid asset is properly the dollar bill and the less liquid asset is the house due to the fact that it could take years to sell by a proper offer and becoming actual cash. In conclusion, it works that way with all the other assets, the liquidity of each one is higher or lower depending on the quickness of converting into cash.

3 0

2 years ago