Categories
Uncategorized

B124 Fundamentals of Accounting- Financial Statements Separately

$20 Bonus + 25% OFF

Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!

Students Who Viewed This Also Studied

B124 Fundamentals of Accounting

Task:

1. Required:
1.Make the end-of-period adjustments entries. (7.2 Marks)
2. Prepare Farah’s income statement for the year ended December 31, 2020.  (7 Marks)
3.Prepare Farah’s balance sheet as at December 31, 2020.  (6.8 Marks)
4. How do the adjusting entries differ from other journal entries?? Explain why adjusting entries are needed. (5 marks)

2. Required:
Show the effect of each entry on the financial statements separately. (Correcting entries are not required).

3. Required:
1- Prepare the necessary adjusting entries at December 31, 2019. Show your calculations.
2- Prepare a partial income statement and a partial balance sheet for the year ended December 31,2019 to show the effect of the adjusting entries on these statements (Show you computations and explanation)

4. Required: Using high-low method and CVP analysis
1. Compute Farah’s breakeven point in units and dollars. Prove your answer 
2. Compute how many units the company needs to sell to earn a profit of $ 600,000. 
3. Compute the selling price per unit of the company if BEP (units) is 40,000 units and the variable cost per unit and total fixed cost does not change. 
4. Explain the various methods used to estimate the variable component and the fixed component of the   mixed cost (Excluding Scattergraph method) and state which method is the most accurate? Why?

5.Required: Calculate the following:
1. The total manufacturing overhead cost.
2. The total direct materials cost.
3. The total manufacturing cost.
4. The total variable selling and administrative cost.
5. The total variable cost.
6. The total fixed cost.
7. The total contribution margin.  

6. Required:
Which model should AAA emphasize? Why? (Show your calculations). 

7. “The traditional income statement format arranges the data in a way that allows management to more easily analyze how changes in production and sales will influence operating profit’’ Discuss the accuracy of this statement.    

8. Required:
1 Prepare the cash collection schedule for the second quarter.
2. What is the accounts receivable balance on June 30th?        

B124 Fundamentals of Accounting

Answer in Detail


Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

10 More Pages to Come in This Document. Get access to the complete answer.

‘Write my dissertation cheap for me’ is a common search phrase among students in Australia, the answer of which lies at MyAssignmenthelp.com. We are the number one online dissertation help provider, having assisted thousands of students in getting an A grade on their paper. We select all of our dissertation writer and experts carefully so that students always get the best quality dissertations from us.

More B124 B124 Fundamentals of Accounting: Questions & Answers

Management

Identification and discussion of the theory and concepts relevant to the selected article Analysis and demonstrated level of understanding of key issues and theory presented in the article Identification and analysis of strengths and weaknesses of the article leading to conclusive identifi …

View Answer

Accounting Management

Assignment QuestionAs at the 30/6/2016 the total assets of the Sha Maru Ltd are $35,500,000. Property plant and equipment comprises $27,500,000 (written down value) and the remainder is current assets. Property plant and equipment is currently depreciated on a straight line basis over a ten year use …

View Answer

Management

PART A You work for Bobs Furniture Pty Ltd – a small business that buys and sells goods on credit. Debtors are encouraged to settle their accounts quickly by the discounts offered by the proprietor. On 1 August 2015, the following debtors accounts were already in existence. J. Espandiar $1450; …

View Answer

Business Management

Task Details: Download the latest annual report of any two listed companies. • Annual Reports are available on the company website or ASX website. • Analyse the conceptual framework with reference to the annual reports of your chosen companies in light of the reporting requirements imposed …

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.

Choose Our Best Expert to Help You

Jane Mac

professor of social science in the University of Southern California.

950 – Completed Orders

Hire Me

Still in Two Minds? The Proof is in Numbers!

33845 Genuine Reviews With a Rating of 4.9/5.

Management

Assignment: 3 Pages, Deadline:
23 days

Good assignment and good support.It is important to review plagiarism and grammer

User ID: 3***11 Qatar

Finance

Assignment: 1 Page, Deadline:
3 days

This PowerPoint presentation is well-done. It fits well with this finance course and the individual did an excellent job. Thank you so much!

User ID: 8***35 Saint Louis, United States

Marketing

Assignment: 11.2 Pages, Deadline:
5 days

Good job done. The assignment is well written, can get higher grade if can provide more in-depth analysis on the topic

User ID: 8***66 Saint Louis, Hong Kong

Marketing

Home Work: 11 Pages, Deadline:
4 days

Overall well written essay, excellent and complete writing in one day, and the Expert prompt reply on comments

User ID: 8***66 Saint Louis, Hong Kong

HRM

Case Study: 8 Pages, Deadline:
6 days

Thanks for your effort. I appreciate it. I have grated 60, which is enough to pass.

User ID: 8***12 Dublin, Ireland

Finance

Home Work: 4 Pages, Deadline:
7 days

The excel formulas were perfect. But the explanation regarding the recommendation was subpar.

User ID: 5***90 Dublin, United States

Physics

Home Work: 1 Page, Deadline:
2 days

Wonderful as always! Very professional and knowledgeable! I love this experts work and always use them when it comes to Physics.

User ID: 6***06 Atlanta, United States

Healthcare

Assignment: 8 Pages, Deadline:
4 days

Really appreciate this work which help me to get 8.9 out of 10. i would like to express thanks to expert.

User ID: 5***91 Atlanta, Malaysia

Healthcare

Assignment: 12 Pages, Deadline:
7 days

Good work . it was help me lots. i got 6.5 out of 10 which is good score for me.

User ID: 5***91 Atlanta, Malaysia

Assignment

Essay: 5 Pages, Deadline:
3 days

amazing results, received a High grade thank you very much, appreciate the help. Can’t wait to have more assignments so you guys can help me.

User ID: 5***22 Atlanta, Switzerland

Assignment

Essay: 1 Page, Deadline:
3 days

Hello, Thanks for the quick delivery. And the job well done. looking forward to do more.

User ID: 5***06 Atlanta, Canada

Management

Essay: 4 Pages, Deadline:
4 days

Thanks for quick delivery. I will go through it and see what you have done. Yet to be graded

User ID: 5***06 Atlanta, Canada

Statistics

Course Work: 7 Pages, Deadline:
1 day

Great work- Job well done!! Work was completed before schedule.I Would highly recommend this service to others.

User ID: 8***59 Atlanta, United States

It Write Up

Assignment: 10 Pages, Deadline:
11 days

thank you a lot for helping me with the assignment and doing this so on time . you did exactly what i wanted you to do. i am very satisfied .

User ID: 8***43 Atlanta, Netherlands

Programing

Programming: 1 Page, Deadline:
10 days

thanks i had a good grade although it took so many back and forth i hope it wont happen again

User ID: 6***09 Atlanta, Philippines

Healthcare

Assignment: 1 Page, Deadline:
9 hours

Thanks for helping me understand my assignment and also helping me with the write up.

User ID: 8***87 Atlanta, United States

Accounting

Programming: 6.4 Pages, Deadline:
6 days

Excellent Service, Professional and Complete Writing. Will sure contact for further future assignments.

User ID: 8***38 Atlanta, Australia

Finance

Home Work: 2 Pages, Deadline:
3 days

Thankfully, I received one of the best marks awarded for the kind of work given. I am grateful to my assignment help team for their assistance

User ID: 2***85 Atlanta, Ghana

Business Law

Home Work: 1 Page, Deadline:
1 hour

Thank you for your service. Really appreciate that you make my assignment within time

User ID: 7***52 Atlanta, Canada

Management

Assignment: 2 Pages, Deadline:
7 days

Thank you Expert, my professor regraded my work and gave me a good grade this time. but he also mention that going forward i should be more detailed i …

User ID: 2***97 Upper Marlboro, United States

Management

Assignment: 3 Pages, Deadline:
23 days

Good assignment and good support.It is important to review plagiarism and grammer

User ID: 3***11 Qatar

Finance

Assignment: 1 Page, Deadline:
3 days

This PowerPoint presentation is well-done. It fits well with this finance course and the individual did an excellent job. Thank you so much!

User ID: 8***35 Saint Louis, United States

Marketing

Assignment: 11.2 Pages, Deadline:
5 days

Good job done. The assignment is well written, can get higher grade if can provide more in-depth analysis on the topic

User ID: 8***66 Saint Louis, Hong Kong

Marketing

Home Work: 11 Pages, Deadline:
4 days

Overall well written essay, excellent and complete writing in one day, and the Expert prompt reply on comments

User ID: 8***66 Saint Louis, Hong Kong

HRM

Case Study: 8 Pages, Deadline:
6 days

Thanks for your effort. I appreciate it. I have grated 60, which is enough to pass.

User ID: 8***12 Dublin, Ireland

Finance

Home Work: 4 Pages, Deadline:
7 days

The excel formulas were perfect. But the explanation regarding the recommendation was subpar.

User ID: 5***90 Dublin, United States

Physics

Home Work: 1 Page, Deadline:
2 days

Wonderful as always! Very professional and knowledgeable! I love this experts work and always use them when it comes to Physics.

User ID: 6***06 Atlanta, United States

Healthcare

Assignment: 8 Pages, Deadline:
4 days

Really appreciate this work which help me to get 8.9 out of 10. i would like to express thanks to expert.

User ID: 5***91 Atlanta, Malaysia

Healthcare

Assignment: 12 Pages, Deadline:
7 days

Good work . it was help me lots. i got 6.5 out of 10 which is good score for me.

User ID: 5***91 Atlanta, Malaysia

Assignment

Essay: 5 Pages, Deadline:
3 days

amazing results, received a High grade thank you very much, appreciate the help. Can’t wait to have more assignments so you guys can help me.

User ID: 5***22 Atlanta, Switzerland

Assignment

Essay: 1 Page, Deadline:
3 days

Hello, Thanks for the quick delivery. And the job well done. looking forward to do more.

User ID: 5***06 Atlanta, Canada

Management

Essay: 4 Pages, Deadline:
4 days

Thanks for quick delivery. I will go through it and see what you have done. Yet to be graded

User ID: 5***06 Atlanta, Canada

Statistics

Course Work: 7 Pages, Deadline:
1 day

Great work- Job well done!! Work was completed before schedule.I Would highly recommend this service to others.

User ID: 8***59 Atlanta, United States

It Write Up

Assignment: 10 Pages, Deadline:
11 days

thank you a lot for helping me with the assignment and doing this so on time . you did exactly what i wanted you to do. i am very satisfied .

User ID: 8***43 Atlanta, Netherlands

Programing

Programming: 1 Page, Deadline:
10 days

thanks i had a good grade although it took so many back and forth i hope it wont happen again

User ID: 6***09 Atlanta, Philippines

Healthcare

Assignment: 1 Page, Deadline:
9 hours

Thanks for helping me understand my assignment and also helping me with the write up.

User ID: 8***87 Atlanta, United States

Accounting

Programming: 6.4 Pages, Deadline:
6 days

Excellent Service, Professional and Complete Writing. Will sure contact for further future assignments.

User ID: 8***38 Atlanta, Australia

Finance

Home Work: 2 Pages, Deadline:
3 days

Thankfully, I received one of the best marks awarded for the kind of work given. I am grateful to my assignment help team for their assistance

User ID: 2***85 Atlanta, Ghana

Business Law

Home Work: 1 Page, Deadline:
1 hour

Thank you for your service. Really appreciate that you make my assignment within time

User ID: 7***52 Atlanta, Canada

Management

Assignment: 2 Pages, Deadline:
7 days

Thank you Expert, my professor regraded my work and gave me a good grade this time. but he also mention that going forward i should be more detailed i …

User ID: 2***97 Upper Marlboro, United States

Have any Query?

Get Homework Help Online From Expert Tutors

X
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, how can I help?