A binds himself to give P10,000 to B upon the death of the father of A. Is the obligation of A conditional or one with a period?

Q: lph Nurseries purchased seeds costing $25,00 with terms of 3/15 net 30 EOM on January 12. Show Solut...

A: solution Concept Meaning of 3/15 net 30 EOM           3% discount is given if the amount is paid wit...

Q: The business type of this company is food services industry. Give me an interpretation for  1. Age...

A: Lets understand the ratios. Age of inventory ratio indicates the days it takes to sell the inventory...

Q: Voiture Company manufactures compact, energy-efficient cars. On April 1, it purchased a machine for ...

A: Financial statements that describe the operations and financial performance of a company. Financial ...

Q: Miller Corp. purchased a new machine for its factory. The following lists shows the various expendit...

A: Note: Insurance costs incurred for the transit to the destination is only capitalized to the assets....

Q: Guess Apparel completed 3,600 expensive bags during the 1st quarter of the current year. The followi...

A: In this Question, we have to calculate the amount of bill to the customer and the gross profit on th...

Q: On december 31, 2017, Precious Company sold an equipment with carrying amount of 2,000,000 and recei...

A: Solution Given Annual payment 500000 Number of years 10 years Note issue date Dece...

Q: AA Corporation shows a cash balance of P1,570,000 as of December 31, 2022. The following cash transa...

A: Working:      Amount (P)   Cash balance per books on Dec 31, 2022         1,570,000  Check re...

Q: direct professional labor hours were estimated to be 15.000 and dire Media incurred actual overhead ...

A: Lets understand the basics. For solving this question first we need to calculate predetermine overhe...

Q: Gr Canr

A: The total inventory value is given below:

Q: Which of the products should be processed further? A. Product 101 only B. Product 303 only C. Produ...

A: Products are to be processed further only if: Incremental Revenue from sale after further processing...

Q: Lacy is a single taxpayer. In 2021, her taxable income is $42,000. What is her tax liability in each...

A: Tax liability is a payment owing to a federal, state, or municipal tax body by an individual, a corp...

Q: Doris company has the following information for the year March 2021: selling, general and admin expe...

A: Operating income is computed to identify the amount of profit that an organisation earned after incu...

Q: CompuWorld sells two products, R66 and R100, and calculates sales variances using the contribution m...

A: Sales quantity variance =  (actual sales quantity- budgeted sales quantity) x budgeted contribution 

Q: Assume the following: XYZ Engineering Supplies Company had the following transactions (Please, use t...

A: A balance sheet is a financial statement that shows a corporation's assets, liabilities, and shareho...

Q: Darlene, Inc. manufactures item “B500” per the design and specification of its customers, and accord...

A: Billing price = Total costs incurred + (Total costs incurred  x markup %) Factory overhead applied =...

Q: What is the rate of interest if P40000 earned interest of P1200 in 140 days? (А) 2% (в) 7.82% c) 7.7...

A: Principal amount = P40000 Interest amount = P1200 Period = 140 days = 140/365 = 0.383561643835616

Q: Rancho Cucamonga Inc. established the following direct materials and direct labor standards for its ...

A: Formulae Used: Direct materials quantity variance=(Standard Price×Standard Quantity)-Standard Price×...

Q: transactions for Buyer and Seller wilmington Co. sold merchandise to Angelleti Co. on account, $158,...

A: To keep track of the financial transactions, journal entries are utilized. Your journal entries are ...

Q: No deductions shall be allowed where the transaction is between “related taxpayers” under Sec. 36(B)...

A: Solution Concept As per the provision of the Tax Code The interest expense in not allowed for deduct...

Q: War Room Company manufactures fire extinguisher per the design and specification of its customers, a...

A: Gross profit rate = Gross profit / Sales Selling price per unit = Cost per unit + Gross profit per u...

Q: Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Prope...

A: The question is based on the concept of Financial Accounting.  

Q: War Room Company manufactures fire extinguisher per the design and specification of its customers, a...

A: Rework is process of correcting defective and non confirming item after inspection.

Q: Data for Barry Computer Co. and its industry averages follow.a. Calculate the indicated ratios for B...

A: Introduction:- Ratio analysis is a statistical method that examines financial documents such as the ...

Q: X Company's Job AAA manufactured 12,000 units that were completed in April at unit costs presented a...

A: Answer) Calculation of Selling Price per unit Selling price per unit = Cost per unit + markup per un...

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A: The FIFO method is known as First-in-First-Out. Under this method, the earliest inventory is sold fi...

Q: On January 1, there were two jobs in process at Worship Printing Company. Details of the jobs are: ...

A: Direct labor cost is a part of wage-bill or payroll that can be specifically and consistently assign...

Q: Answer with example

A: CVP analysis is a relationship between Cost Volume and Profit. This relationship shows the relations...

Q: SONA Co. received an order for 1,000 units of item AY-14.  Because of the order’s exacting specifica...

A: Cost per unit of finished product = Total cost / good Qty produced  Total cost (in the given case) =...

Q: BC Co. provided the following information on selected transactions during 2021: Proceeds from issuin...

A: Cash flow from investing activities: It is a section of the cash flow statement that shows the cash ...

Q: Give me an analyzation or interpretation for Work-in-Process Turnover ratio of 0.38. Thankk you:)

A: In order to Interpret Work in process Turnover Ratio,    We need to look over other ratios under the...

Q: Under the accrual basis, Operating Expenses to be reported by Lady G for the year 2021 amounts

A:

Q: What total amount should be reported as on December 31, 2021? adjusting events

A: Auditing refers to the process of inspecting or examining the financial records and statements of th...

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A: Introduction cash is a liquid asset and legal tender  that is used to exchange of goods ,services an...

Q: xplain the general similarities AND differences between GAAP and IFRS.

A: Discussion of general similarity and difference between GAAP and IFRS are as follows

Q: application? . Predetermined overhead rates result in less accurate but more timely information. inf...

A: Solution Concept Actual overhead rate is the rate that is determined on the basis of actual amount o...

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A: Cash receipts from customers under cash basis of accounting includes receipts collected from beginni...

Q: On January 1, 2022, AA Company received cash of P1,000,000 and a 4-year, oninterest bearing note to ...

A: Solution Given Life of note 4 years Amount to be collected every year 600000 Effecti...

Q: The December 31, 2024, adjusted trial balance for Badger Corporation is presented below.   Account...

A: BADGER CORPORATION Income Statement For the Year Ended December 31, 2024 Service Revenue    $ ...

Q: b. Income Statement for the year ended 31 August 2021.

A: Solution Working note Adjusted trial balance   Debit Credit Withdrawal 15000   S...

Q: orp.’s accounts receivable subsidiary ledger shows the following information: Customer Account Bal...

A:     Customer Account Balance (31 Dec, 22) Sales- Date Amount Sale-Date Amount Pray Inc. P   ...

Q: Using ABC, the total manufacturing costs per unit for product SuperPro is:

A: Calculation of Overhead Cost Per Unit of Cost Driver: Cost Item Cost Driver Cost Driver Units Cos...

Q: Kate and Mark, a married couple, own a limited liability company. Although Kate and Mark are not yet...

A: In a cross purchase buy sell agreement , companies partners purchase interests or shares of partners...

Q: Explain these qualitative characteristicsof financial report as per IFRS: Relevance Faithful Repres...

A: * As per the bartleby guidelines, in case of interlinked answer first 3 only   Relevance: Relevance ...

Q: Compute gross wages due each employee under federal wage-hour law: Latisha is normally paid $1,200 ...

A: Introduction:- A wage is a payment provided by an employer to an employee for work completed within ...

Q: Write at least 3 examples of the following 1. Sole proprietorship 2. Partnership 3. Corporation

A: Sole proprietorship: A sole proprietorship is a business organization is established for doing busin...

Q: ABC Company is in a capital deficiency position and is considering the possibility of liquidation. A...

A:

Q: For the current year, Power Cords Corp. expected to sell 40,400 industrial power cords. Fixed costs ...

A: Margin of safety % = [current sales units - Break even sales units]/Current sales in Units

Q: Al Rahami Shop started the year with total assets of OMR210,000 and total liabilities of OMR120,000....

A: Formula: Net Income = Total Revenues - Total Expenses

Q: CCT 3303, Spring 2022 PROJECT 1 Due March 6 Transactions for Blackberry Mountain Inc for the month o...

A: 1. Journal entries Date Account titles Debit Credit 1-Jan Cash $     21,000     Common Stoc...

Q: The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Dru...

A: Contribution margin income statement as well as with all requirement calculated below.