A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly repayable in equal quarterly installment for 10 years. Payments made at the end of each quarter.  Find the quarterly payment. A• P1,827.79 per quarter B• None of the above C• P1,255,25 per quarter D• P1,655.33 per quarter

Q: Prepare the schedule of cost of goods manufactured for Barton Company using the following…

A: COST OF GOODS MANUFACTURED   Cost of Goods Manufactured include all Direct Cost (Material &…

Q: Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following…

A: Under traditional costing, overheads are allocated by use of single allocation base, but in case of…

Q: 13. [4-a-13] Adjusting Entry. Because the city uses a periodic inventory system a physical count of…

A: Introduction: In order to record an income or cost in the time that it is incurred, an adjusting…

Q: Eastman Publishing Company is considering publishing a paperback textbook spreadsheet applications…

A: Break even point is the point at which total of cost and revenue is same or we can say it is no…

Q: Alabama Medical Practice had a total assets of $500,000 and an equity balance of $350,000 at the end…

A: Dollar growth in asset= Current year balance- Last year balance % growth = Dollar growth/ Last year…

Q: Sandhill Decorating uses a job order cost system to collect the costs of its interior decorating…

A: The question is based on the concept of Cost Accounting. While calculating the  predetermined…

Q: 29 The Home Depot is the largest home improvement retailer in the United States. Home Depot…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: GLO401 (Algo) - Based on Problem 4-1A LO P1, P2 Prepare journal entries to record the following…

A: Income Statement - Income Statement includes income earned and expense incurred during the financial…

Q: age 57, recently suffered a stroke. She was in intensive ital, she spent 25 days in a nursing home…

A: Insurance plan refer to the form of a contract in which the policyholder and the insurance company…

Q: 12 Purchased supplies for P1,500 on account. 15 Received cash of P12,500 for services provided on…

A: Accounting Equation - Accounting Equation is the horizontal way of recording balance sheet and…

Q: Rio Company pays time and a half for hour in excess of 40 hours per week. An individual is paid…

A: Employee earning is a combination of regular earning and overtime earnings.  The overtime earning is…

Q: Pistons Valves Cams Budgeted Volume (Units) 6,000 13,000 1,000 Direct Labor Hours Per Unit Pistons…

A: Plant wide overhead rate is simple method of cost allocation. In this method a single rate is uses…

Q: The following costs result from the production and sale of 4,600 drum sets manufactured by Tight…

A: Contribution margin is calculated as the difference between the sales value and the variable cost .…

Q: Rey Company’s only product sells for $222 per unit. Data for its first year of operations follow.…

A: As per the absorption costing method, the product cost includes fixed and variable manufacturing…

Q: Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your…

A: Markup Price - Markup price is the difference between the Cost of the product and the selling price…

Q: Discussion Question The table below shows monthly data collected on production costs and on the…

A: The question is based on the concept of cost accounting. As per the Bartlerby guidelines we are…

Q: On December 31, 2021, Piper Inc enters into a debt restructuring agreement with Nolte Company, which…

A: Given: - Reduction in the value of note receivable from $5,000,000 to $4,500,000 Reduction in the…

Q: Describe the primary goals of an entity's financial statement audit and the significance of…

A: The primary goal of financial statement audit: An audit of a company's financial statements is done…

Q: On September 1, 2022, Jones Manufacturing purchase equipment from CAT. Jones agreed to pay $25,000…

A: Lets understand the basics. When asset is purchased and amount if going to be paid in the more than…

Q: Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories.…

A: Calculation of plantwide predetermined overhead rate are as follows

Q: AP6-14A (Current and quick ratios) The following amounts were reported by Liquid Company in its most…

A: Current ratio and Quick ratio are those liquidity ratios which helps in analysing liquidity position…

Q: X Company, a division of a major oil company, provides various services to the operators of oil…

A: Return on investment is one of the financial ratio which is used to analyse how much operating…

Q: Yale Corporation issued $30,000, 8% (cash interest payable semiannually on June 30 and December 31)…

A: Bond :— It is one of the source of capital that pays fixed periodic interest and face value at the…

Q: Current Assets Dorothy Corporation had the following accounts in its year-end adjusted trial…

A: Any of a company's securities that are intended to be sold or used in the next year as a part of…

Q: Winnie Corporation purchases Joshua Company and, as part of the contract, will have to pay Joshua an…

A: A provision is recognized by an organization if it seems likely that an outflow of money or other…

Q: Real assets generate net-income to the society.

A: Assets are the future benefit that have to be sacrificed to pay off the obligations of the company.…

Q: The balances of select accounts of​ McMurray, Inc. as of December​ 31, 2024 are given​ below:…

A: Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more.…

Q: WORKSHEET 4 – Transaction Analysis: Accrual Adjustments The accounting firm Seaver &…

A: Adjusting entries are those journal entries which are passed at the end of the period for the…

Q: Assume that markup is based on selling price. Find the dollar markup and percent of markup on…

A: Markup is the difference between selling price of a good and its cost price. Markups are added by…

Q: At May 31, 2022, the accounts of Sandhill Company show the following. 1. 2. 3. 4. May 1…

A: Total manufacturing cost = Direct Material + Direct labor + Manufacturing overhead

Q: Pizza Hut is an American multinational restaurant chain and international franchise founded in 1958.…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: do you want to improve the qualitative characteristics of your firms financial statements. Which of…

A: Because accounting information competes with other types of information, timeliness is an important…

Q: What were the company's total net sales for 2020?

A: The debtors' turnover ratio is a tool used to analyze the efficiency with which the company receives…

Q: Which two accounts are affected when a business buys supplies on account? O Supplies and Accounts…

A: Answer -  Double entry Accounting  is a method of recording transactions in Business and Book…

Q: The following tax expenses related to business were paid by Palmyra Trading in 2022: Business…

A: Following are the Taxes which are not deductible from gross income Income Tax Donor's Tax Value…

Q: 10. [Para. 4-a-10] The city's budget for 2023 was legally amended Estimated Revenues: Property Taxes…

A: A general fund account is the primary fund account used by the government for operating. Under this…

Q: Jurisdiction B’s tax system consists of a 6.5 percent general sales tax on retail goods and selected…

A: Introduction The cost of producing an extra unit of a product is known as the incremental cost.…

Q: Sparky, Co. purchased land as a factory site for $500,000. Sparky paid $16,000 to tear down an…

A: The cost of buildings includes the purchase price as well as any closing costs incurred during the…

Q: 7.2. Calculate the annual depreciation at 16% per year over five years on new equipment which was…

A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

Q: sted his $30 in the preceding problem. At the beginning of the year, Mr. Lanier could have Business…

A: Capital gain tax is a direct tax that is charged on the capital gains which arise out the sale of a…

Q: Raw materials on hand, December 31 Work in process, December 31 Finished goods, December 31 Factory…

A: For unadjusted trial balance, we need to know the debit and credit of each ledger. Assets and…

Q: The owners of a company are planning to sell the business to new interests. The cumulative net…

A: Goodwill: Goodwill is the amount paid in excess of fair market value of the net assets purchased.…

Q: Multiple Production Department Factory Overhead Rate Method Handy Leather, Inc., produces three…

A: >Predetermined overhead rate is the overhead allocation rate, used to 'apply' or 'allocate' the…

Q: Presented below is the trial balance of Marigold Corporation at December 31, 2025. Cash Sales…

A: Preparation of Balance sheet of marigold corporation are as follows

Q: Reclassify $70,450 of property tax revenue to the Deferred Inflows of Resources account in the…

A: Introduction: The current financial found emphasis and the modified accrual basis of accounting are…

Q: C.) If Cullumber's sales were to increase by $100,000 with no change in fixed expenses, by how much…

A: Introduction:- CVP analysis is used to identify the changes in costs and volume affect a company's…

Q: Contribution margin per unit contributes to covering ____cost and then generating. variable, profit…

A: The contribution margin is calculated as difference between sales and variable costs.  The net…

Q: Prepare journal entries to record each of the following transactions of a merchandising company. The…

A: Journal entries are the basic method for recording financial transactions in the books of accounts.…

Q: ABC Corp has the following data in year 2020: Sales 400,000; Variable cost 300,000 and Net loss…

A: Target Sales  Target Sales means how much sales you want to achieve in future year. A sales target…

Q: Financial data for two (2) months are shown below March P3,200 a. Sales Cost A Cost B Cost C Cost D…

A: Fixed cost : fixed cost do not change with output or production. It always remain same.  Variable…