Co. is funded by both debt and equity with a debt to equity ratio of 100%. If Co. has a retained earnings breakpoint of P1,225,000, the additions to the retained earnings during the year amounts t

Q: Gerardo de Guzman has a taxable compensation income of Php 135 000. He is single with two qualified…

A: As per Philippines laws, there is a mandatory deduction for up to four dependent children of an…

Q: 1. Ray Tech Inc. manufactures Game Consoles. The selling price of each Game Consoles is $699, Raw…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: o ente

A: Liabilities are accumulated financial obligations that result from past events that are expected to…

Q: Consultancy Services, prepares financial statements to an accounting date of 31 Ma each year. During…

A: Explanation of Concept  National Insurance Contrition is the payment which is to be made by the…

Q: Compute the July 31 balances of the inventory accounts.

A: Inventory is the raw materials used to produce goods for sale. The working for the closing balances…

Q: Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31,…

A: A cash budget is prepared to estimate the total cash received and total cash disbursement. It is…

Q: A gain or loss on disposal of a plant asset is determined by comparin O replacement cost of the…

A: In the business world, the term "book value" was coined to indicate the current value of a…

Q: Use the following information to prepare the September cash budget for PTO Company, Ignore the "Loan…

A: Budgets are forecasted figures that help in estimating the various incomes and expenses. Budgets are…

Q: question 4 ABC Company purchased equipment on May 1, 2021 costing $1,000,000. Its estimated salvage…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: REQUIRED: What is the deferred tax balance by the end of 2020?

A: Deferred tax refers to the tax difference as per the book profits and taxable income. This tax…

Q: Calculate the value of the fixed manufacturing costs in the opening and closing inventories, using…

A: Solution: Fixed manufacturing overhead per unit = OMR 225,000 / 5000 = OMR 45 per unit

Q: assume that you have recently been invited by a large firm quoted on the kuwait stock exchange to…

A: Answer:-  Audit committee:- An audit committee is basically comprises of board of directors…

Q: Employee business expenses are no longer deductible on Schedule A for federal purposes.  Why are…

A: As per Schedule A, Employee business expenses are no longer deductible for federal purposes but they…

Q: Kenny Day, manager of Day Laboratory, is investigating the possibility of acquiring some new test…

A: Here we will apply and use the concept of capital budgeting to determine financial feasibility of…

Q: ded the following information at the Atla beginning of the current year: 12% convertible bonds…

A: Given that, Net income for the year = P9,500,000  Tax rate = 30%  Ordinary share outstanding at…

Q: The primary source of revenue for a wholesaler is Oinvestment income. service fees. O the sale of…

A: The primary source of revenue is the main sources of income generated through main course of…

Q: 3,000. Thad, a CPA, operates an accounting er LLC (which he reports as a sole proprieto -prietorship…

A: Qualified deduction refers to the allowed deduction for an entity that is $164,900 for the year…

Q: Personally Established Retirement Accounts These days, almost anyone can open personal,…

A: Answer:- Madeline is going to open SEP-IRA plan. Note:- A Simplified Employee Pension (SEP) plan…

Q: he following information is available from the current period financial statements:   Net income…

A: Operating cash flow refers to the amount of money a company produces from ongoing, regular…

Q: The following mixed costs relate to a small manufacturing company; Output 50,000 units 80,000 units…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: On December 31, 2021, ORANGE Company owned two assets as follows: Equipment P 100,000 95,000…

A: An impairment test for asset is required when there are indication that any impairment loss may have…

Q: Terminology: Employer-Sponsored Retirement Plans Many employers offer retirement plans as an…

A: The process of determining retirement income objectives, as well as the actions and decisions…

Q: Manama Steel processes a single type of steel. For the current period the following information is…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: Compute BROWN’s earnings per share based on the assumption that the preference share is cumulative.

A: Earnings per share is calculated with the help help following formula  Earnings Per Share = Earnings…

Q: lа Сompany provided the rent year: chases chase returns and allowances talincome

A: An income statement is a financial statement that displays a company's revenue and costs. It can…

Q: Stinehelfer Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs…

A: The decision of further processing of joint products is based in incremental analysis. If the…

Q: On December 31, 2018, Welington Company leased a new machine from Daniel with the following…

A: Lease represents the agreement between two parties (known as lessor and lessee). Lessor provides the…

Q: D. YOU Company has 40,000 shares of common stock outstanding that it originally issued for P30 per…

A: The dividend yield ratio is calculated as dividend per share divided by market value per share.

Q: On Jan. 1, 2020, Luna Company granted 60,000 share options to employees. The share options will vest…

A: The Compensation expense is calculated by multiplying the number of stock options granted by the…

Q: (A) Discuss the circumstances that would require a business to change from traditional costing to…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted…

A: Journal entry is the primary step to record the transaction in the books of account. The debit and…

Q: nsultancy Services, prepares financial statements to an accounting date of 31 March ch year. ring…

A: National Insurance Contrition is the payment which is to be made by the persons as per UK laws who…

Q: During Year 3, Anywhere, Inc. (AI) incurred the following product costs. $ 84,000 107,220 69,000 Raw…

A: Total cost = Beginning WIP + materials used + direct labor costs + Overhead cost The cost per unit…

Q: Determine the following as a result of your audit: 1. How much is the correct carrying value of the…

A: Financial liabilities that are held for trading are measured at Fair Value through Profit and Loss.…

Q: Cash balance per books, September 30 $5,300 Deposits in transit 510 Notes receivable with interest…

A: Introduction: Bank Reconciliation statement: To reconcile the difference between cash book balance…

Q: A. Compute the following on RED 1. Inventory turnover 2. Days sales in inventory 3. Operating cycle

A: Financial ratios are those which provide a summary of the accounts of a company and helps an…

Q: Stanley sold a building used in his business and held for 5 years for a $50,000 loss. It is the only…

A: A capital asset is an asset that is held for more than one year whereas, a current asset is an asset…

Q: where did the 57,000 in terms of deprication and the 370,000 beginning balance come from?

A: Introduction:- A cash flow statement denotes total amount cash is inflows and cash outflows your…

Q: Cost Costs $6 - Its average cost per unit for each product at this level of activit Alpha $ 30 Beta…

A: Alpha    Beta   Direct material   $   30.00  $   12.00  Direct Labour    $   20.00  $   15.00…

Q: Which of the following types of messages might the Active Auditor display? Question 9 options:…

A: The Active Auditor displays: Notifications of key dates or deadlines Warnings about possible…

Q: Bluebird Manufacturing hes received a special one-time order for 15,900 bird feederslat $3.90 per…

A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…

Q: Required:1. Prepare a performance report for Marston’s manufacturing costs in the current year.2.…

A: The manufacturing cost is the total cost of all resources used in the manufacture of a product. The…

Q: 1. Identify which type of assets should be classified and measured under these two categories…

A: 1. Financial assets are a type of assets that should be classified and measured under these two…

Q: 13

A: An asset that is worth less than its book or net carrying value is considered impaired. In other…

Q: Land the forward.rates for the Brazilan Real Spot Rate Fow (Delivery c 2021) December 1, 2020…

A: It is  a contract  under which a business consents to purchase a specific measure of a  foreign…

Q: 1. PFRS does not address the accounting for revenue from franchise agreements 2. Under the current…

A: Here student asked for multi question as per Q/A guidelines we will solve for first question for…

Q: n October 1, 2021, A Corp. purchased goods from US based corporation worth 60,500 US dollars.…

A: Solution Concept in respect of the monetary assets and liabilities , there shall be initial and…

Q: Swifty has the following inventory information. 30 units at $18 July Beginning 1. $540 Inventory 90…

A: Introduction: The cost of goods sold is the total of all costs incurred in the production of a sold…

Q: Discuss one aspect of the Statement of Cash Flows that can be difficult and write a short paragraph…

A: Introduction:- A cash flow statement denotes total amount cash is inflows and cash outflows your…

Q: lationary stat

A: Given in question: Balance on December 31, 2021 Machine Acquired on Cost Accumulated…