Find the interest on a P120 000-investment compounded semi-annually at 1.5% for 5 years.

Q: Prepare the adjusting entry for each 8l following for year ended December 31, 2021. 1. Received Php ...

A: Journal entry - It refers to the process where the business transactions are recorded in the books o...

Q: Lucena Products provided the following information:                                                 ...

A: Solution: Amount of inventory should be reported in statement of financial position = Raw materials ...

Q: Sinking Fund MethodGiven:FC = 2,000,000.00 pesosSV = 300,000.00 pesosi = 12.00%n = 9 yearsa. A = ?b....

A: Sinking Fund Method Sinking fund method is another useful method to calculate the depreciation for t...

Q: 3 pts The Stoic Bird Company forecasts that total overhead for the current year will be $18,000,000 ...

A: when company uses standard costing method then it certain standard amount of overhead that should be...

Q: Colt Company 1. 3

A: A cash account refers to the account which reflects all the money transactions made by an entity.

Q: Required information Problem 1-24A (Algo) Service versus manufacturing companies LO 1-4 [The followi...

A: A balance sheet is a financial statement that illustrates the assets, liabilities, and shareholder o...

Q: $ 91,300 Harbour Company makes two models of electronic tablets, the Home and the Work. Basic produc...

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Q: Which is true regarding the Investment

A: Option a is true regarding subsidiary stock account

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Q: Sam, Paul, Carlos and Jai form Pinochle Corporation by contributing the following assets to Pinochle...

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Q: major COL ason is that increases in the val our imports negatively, whilst it au obtain the followin...

A: Scenario 1)3months risk free rates:USA = 2.66%×3/12 USA = 0.665% France = 0.5%×3/12France  = 0.125% ...

Q: Discuss the following: a. Are these budget standards challenging for the department that produces li...

A: A Departmental Manager is the person who is responsible for keeping note of stocks available with th...

Q: QUESTION 5 Chain Reaction, Inc. allocates overhead using machine hours as the allocation activity. T...

A: Overhead rate = Estimated Overhead/ Estimated total level of activity ( machine hours ) = $ 200000/1...

Q: What the answer for 22 The first time I had put 950,000 The second time I had put 5,930,000 both was...

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want ...

Q: John’s Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals, Wee...

A: a. Material price variance = Actual quantity x Standard price - Actual quantity x Actual price Mater...

Q: Ex 5. Calculate the retained earnings of a retail company considering the following financial inform...

A: >Retained earnings is an Equity account. >This account contains the accumulated amount of ...

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A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: The following events took place for Collins Manufacturing Company during March, the first month of i...

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Q: Exercise 7-7 Percent of accounts receivable method LO P3 Mazie Supply Co. uses the percent of accoun...

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Q: Jungga Inc is considering relaxing its credit standards to increase its sales. As a result of the pr...

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Q: On January 1, 2021, Entity F acquired 25% of the shares of Pot, Inc. for P425,000. At this date all ...

A: Carrying amount of the investment in Pot, Inc. as of December 31,2021 will be calculated as follows:...

Q: rchased a machinery for Ri. 2.00.000. Or 1st O costing Ps. 1,00,000 wes purchesed. On 1st 3, having ...

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Q: Worley Company buys surgical supplies from a varlety of manufacturers and then resells and dellvers ...

A: 1. University  31000 x 107% = 33170 Memory 31000 x 107% = 33170

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Q: Hermosa, Ic., produces one model of mountain bike. Partial information for the company follows: Numb...

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Q: RR Corporation acquired 80 percent of the stock of GG Company by issuing shares of its common stock ...

A: Investment in a company means to buy the shareholding of the company. It is done in order to earn a ...

Q: Prepare the adjusting journal entries

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Q: On July 1, 2020, Zelensky Company, a calendar-year company, purchased a machine for a cash price of ...

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets ...

Q: 11. How much is the consolidated retained earnings on December 31, 2020? a. P190,750 b. P139,750 c. ...

A: Retained earnings are those earnings which the company has not paid out in the form of dividend mean...

Q: es LIFO? (Do not round your intermediate calcu

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Q: The following is the Trial Balance of Sonia HR Enterprises, a dealer in HR Software, as at 31st Dece...

A:

Q: payment

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Q: Givoly Inc. uses a periodic inventory system. At the end o the accounting records provided the follo...

A:

Q: ncome and balance she Columns on a worksheet are summe nder what circumstances do they balance?

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A:

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Q: plz solve it within 30-40 mins I'll give you multiple upvote

A: Net Interest Margin: Net interest margin is a relative term that computes the gross interest income ...

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Q: Which is true regarding the Non controlling interest? *   [a] It is accounted for in the subsidiary’...

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A: Inventory refers to the stock that the company has kept for the resale purpose or is not sold yet by...

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Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.