Homework Help for Accounting

2points

Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product line for several years. The most recent quarterly contribution format income statement for the bilge pump follows:

*Common costs allocated on the basis of machine-hours.

†Common costs allocated on the basis of sales dollars.

Discontinuing the bilge pump would not affect sales of other product lines and would have no effect on the company’s total general factory overhead or total Purchasing Department expenses.

What is the financial advantage (disadvantage) of discontinuing the bilge pump?

Hi, you have answered around 286 questions.   Did you get any revenue for that?

Seven measurements of the pH of a buffer solution gave the following results:
5.12 5.20 5.15 5.17 5.16 5.19 5.15
Calculate (i) the 95% and (ii) the 99% confidence limits for the true pH.

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How to sale 

Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2023.
 

Ontario Skateboard Company employs a perpetual inventory system.

Required:
1. Calculate the dollar value of ending inventory and cost of goods sold using: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round all weighted average unit costs to two decimal places.)

Outline Five (5) demerits of Net Present Value (NPV).

Provide References

• Would the CM approach better assist management in ensuring all costs are covered? Under absorption costing, FC would become inventoriable and thus buried when production exceeds sales. Conversely, under the CM approach, FC is treated as period costs, making it less likely to overstate profits. What are your thoughts on this topic?

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Profit and Loss Account: A Profit and Loss Account provides a summary of financial gains and losses in a business during a specific period. It includes revenues, expenses, and the resulting profit or loss.

Specific and General Reserves: Reserves are allocated portions of profit that are kept aside for specific or general purposes. They ensure the financial stability of a business and are used for various reasons, including meeting future obligations, funding growth, or providing a safety net during tough times.

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hey apart rom this oneclass where else do you sell your notes. Have you sold made any penny here. 

Lui, Montavo, and Johnson plan to liquidate their Premium Pool and Spa business. They have always shared profit and losses in a 1:4:5 ratio, and on the day of the liquidation their balance sheet appeared as follows:
 

Required:
1. Under the assumption that the machinery is sold and the cash is distributed to the proper parties on June 30, 2023, complete the schedule provided below. Show the sale, the gain or loss allocation, and the distribution of the cash in each of the following unrelated cases:

a. The machinery is sold for $510,000. (Negative answers should be indicated by a minus sign.)

b. The machinery is sold for $397,000. (Negative answers should be indicated by a minus sign.)

c. The machinery is sold for $202,000, and any partners with resulting deficits can and do pay in the amount of their deficits. (Negative answers should be indicated by a minus sign.)

d. The machinery is sold for $209,000, and the partners have no assets other than those invested in the business. (Negative answers should be indicated by a minus sign.)

2. Prepare the entry to record the final distribution of cash assuming the machinery is sold for $510,000.