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Keith_Richards [23]
3 years ago
11

What does an accountant analyze to gather the relevant information for adjusting entries? A. Accruals B. Transactions C. Ledgers

D. Deferrals​
Business
1 answer:
laila [671]3 years ago
5 0

Answer:

transactions

Explanation:

the accountant analyzes transactions before financial information is represented in reports

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Your firm needs a machine which costs $260,000, and requires $47,000 in maintenance for each year of its 10 year life. After 5 y
Aleks04 [339]

Answer:

nominal tax shield in year 10: 6,812 dollars

present value of the tax shield: 1,837.49

Explanation:

the nominal tax shield in year 10:

We look into the MACRS table for 10-years property class: 6.55%

The depreciation expense for this year is 260,000 x 6.55% = 17,030

Then this produces a tax shield of 40% 6,812

The nominal tax shield at year 10 is 6,812 dollars

considering time value of money today this tax shield is worth:

\frac{6812}{(1 + 0.14)^{10} } = PV  

PV: 1,837.49

3 0
3 years ago
Which of the following is not a typical adjustment made to the income statement for projection purposes?
ankoles [38]

Answer:

The correct answer is b. Adjusting revenues to only include organic revenue growth.  

Explanation:

One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.

The applications that can be had among others are the following:

Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.

Another application will be to know the external financing needs for the period you want to know.

The most common and practical method of projecting financial statements is based on sales.

7 0
3 years ago
Consider Boeing​ (a producer of jet​ aircraft), General Mills​ (a producer of breakfast​ cereals), and Wacky​ Jack's (which clai
Naddika [18.5K]

Answer:

The long run is longest for Boeing because aircraft production requires​ large, specialized machines and shortest for Wacky​ Jack's because providing singing telegrams requires primarily labor.

Explanation:

The current panorama of commercial aircraft manufacturers presents, due to the important high-tech entry barrier that there is a competitive situation between two major manufacturers: the European Airbus consortium and the North American company Boeing. There are many other construction companies, but their technological or production level is far behind them.

But apart from the commercial competition that exists between these manufacturers, logical on the other hand, both share a common interest in their respective strategies by focusing their research, design and manufacturing activities on ensuring the maximum reliability of their aircraft, since it The security they provide during their operational life will depend.

I do not exaggerate if I affirm that no other transport-related industry is subject to such exhaustive processes for its design, manufacture and maintenance as the air transport-related industry, which does not prevent failures from time to time. , some even unsuspected.

3 0
3 years ago
Whispering enters into a licensing agreement with Pang Pharmaceutical for a drug under development. Whispering will receive a pa
777dan777 [17]

Answer:

Transaction price of the arrangement for Blair Biotech is $10,000,000.

2) Journal Entries for Blair.

Date Accounts Debit$ Credit$

12/20/2017 Accounts Receivable $10,000,000

License Revenue $10,000,000

01/15/2018 Cash $10,000,000

Accounts Receivable $10,000,000

Explanation:

8 0
3 years ago
In the short run, a profit-maximizing monopolistically competitive firm sets it price: A) equal to marginal revenue. B) equal to
Taya2010 [7]

In the short run, a profit-maximizing monopolistically competitive firm sets it price: above marginal cost. Option C. This is further explained below.

<h3>What is marginal cost?</h3>

Generally,  The marginal cost of production is the incremental cost incurred to produce one more unit of a good or service.

In conclusion, Initially, a monopolistically competitive business sets its price at a level above its marginal cost in order to maximize its profits.

Read more about marginal cost

brainly.com/question/7781429

#SPJ1

3 0
2 years ago
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