Accounting Answers

Which of the following qualitative characteristic mandates provided below is complete, free from material error or bias and prudent?  

Select one:

a. 

Relevance 

b. 

Understandability

c. 

Comparability 

d. 

Reliability

Congratulations! You are hired in a business organization. In this company the market research department that you are the member recommended to manufacture and market a promising new product (x). After extensive surveys, the research department supported the recommendation with the demand function:

Dx = f (p) = 60 – 3 P

Where Dx is quantity demanded at price P during a month. Financial department has brought the cost function and is given by

C(x) = 72 + 6x

Now the team leader of the market research department ordered you to manipulate the following problems.

Express revenue as a function of X

Expresses profit as a function of X

the amount of money you will receive from the bank now, if the bank approved the loan with redemption of r30 000 due 8 months from now with an applicable amount with sample discount rate of 16.5 per year is?

In what phase of the venture life cycle is Jan’s firm currently operating? Defend your answer. 

Assume that a firm in monopolistic competition facing the following demand and cost function P= 100 -30+4a1/2 and TC=4q+10q+a where P=price, Q=Quantity and A= Advertisement 

A find the equilibrium of quantity and Advertisement  

Hello I need help with this question

During the budget period ended (31/12/2018), the total of revenues received was 530 million, rent paid was 200 million and Salaries paid was 190 million. In addition, the balance of treasury At the beginning of 2018 was 60 million. moreover, there are maintenance Contracts Which have been signed with service companies worth 10 millions JD and have not been implemented yet

Answer the following questions based on the Cash Basis method:

1. The balance of treasury at the end of 2018 is: 

A. 220

B. 200

C. 80

D. None of the above

2. The balance of the final account for the current period is: 

A. 100 Deficit

B. 40 Deficit

C. 140 Surplus

D. None of the above

3. The surplus at the end of 2018 is: 

A 220

B. 140

C. 20

D. None of the above

4. The balance of Commitment Reserve is:

A. 0

B. 200

C. 780

D. None of the above

Consider the subschema of a receiving clerk. The receiving clerk needs sufficient rights in her logical view to perform her duties but not be given rights that she does not need. Within her duties, she validates that items being received were ordered from a supplier before she accepts shipments from that supplier. To do so she must be able to see purchases from each supplier. Determine which rights (Create, Read, Update, and Delete) the receiving clerk should have for data corresponding to sales, cash receipts, purchases, and suppliers. Write a paragraph response.

1. List a business/Industry that has been impacted by the pandemic. The impact can be negative or positive. Try not to be too vague or general. For example, don't simply say the pandemic has negatively impacted the service industry. Instead, list a specific service.  DO NOT select the FAST FOOD or RESTAURANT industries. Those sectors are far too common. Write a paragraph

2. Explain how the business/industry was impacted. Was the impact positive or negative? Write a paragraph

3. Discuss the strategic measures the business has implemented to address or tackle the impact. Write a paragraph

4. Do you feel the company/industry addressed it appropriately? List any recommendations you would provide that business? Write a paragraph

We actually came across an news article that interviewed a bicycle shop owner who was on the verge of closing his shop before the pandemic, and now due to the pandemic their sales skyrocketed and they were constantly selling out of inventory.

1. List a business/Industry that has been impacted by the pandemic. The impact can be negative or positive. Try not to be too vague or general. For example, don't simply say the pandemic has negatively impacted the service industry. Instead, list a specific service.  DO NOT select the FAST FOOD or RESTAURANT industries. Those sectors are far too common. Write a paragraph

2. Explain how the business/industry was impacted. Was the impact positive or negative? Write a paragraph

3. Discuss the strategic measures the business has implemented to address or tackle the impact. Write a paragraph

4. Do you feel the company/industry addressed it appropriately? List any recommendations you would provide that business? Write a paragraph

Show the journal entries needed to correct the following errors:

(a) Purchases £1,410 on credit from A Ray had been entered in B Roy’s account.

(b) A cheque of £94 paid for printing had been entered in the cash column of the cash book

instead of in the bank column.

(c) Sale of goods £734 on credit to D Rolls had been entered in error in D Rollo’s account.

(d) Purchase of goods on credit L Hand £819 entered in the correct accounts in error as £891.

(e) Cash paid to G Boyd £64 entered on the debit side of the cash book and the credit side of

G Boyd’s account.

(f ) A sale of fittings £320 had been entered in the Sales account.

(g) Cash withdrawn from bank £200 had been entered in the cash column on the credit side of

the cash book, and in the bank column on the debit side.

(h) Purchase of goods £1,182 has been entered in error in the Furnishings account.