General Electric company which manufacture electric motor has a capacity of producing 150 motors is P 750 per motor. Fixed costs of the company amount to P 78,000 per month which includes all taxes. Determine the number

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Q: Return on assets

A: Return on assets is computed as net income upon total assets of the company.

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Q: ou can afford monthly deposits of $180 into an account that pays 3.6% compounded monthly. How long w...

A: solution given Monthly deposit  (PMT) $180 Interest rate (I/Y) 3.6% compounded monthly ...

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A: Inventory to be reported in the Statement of financial position = Lower of cost and Net realizable v...

Q: The information is taken from the records of Paul Company for 2020: Payment of dividends $4,000 Incr...

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the...

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A: Overall Equipment Effectiveness (OEE) refers to measure or criteria or standard of, as the name sugg...

Q: Prepare the journal entries to record the above transactions for Teal Corporation for 2022. (Credit ...

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

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A:

Q: Flexible Budget for Selling and Administrative Expenses for a Service company Daybreak Technologies...

A: Budget means the expected value of future. Budget is not affected by the actual value as it is prepa...

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A: Biological assets on December 31, 2021: Animals available on January 1, 2021 – animals sold during t...

Q: When shares without par value are sold, the proceeds shall be credited to

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Q: a) Explain how differential analysis assist managers in evaluating special order decisions? (No calk...

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A: The company is following the allowance method for recording bad debt expenses. Under this method an ...

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A: Interest Income - It is the amount of money paid by the borrower to the lenders on the amount of mon...

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A: Average Cost Method: This approach allocates a cost to inventory items based on the overall cost of ...

Q: Tveslor Elliot buys shares of stock A for $10,000, while investor Michael takes a short -osition in ...

A: Solution Note : As per Q&A guideline we are required to answer first question only . Please repo...

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A: Units transferred out = Beginning WIP + Units started - Ending WIP Compute the equivalent units of m...

Q: On January 1, 2022. TGIG sold equipment with historical cost of P10,000,000 and accumulated deprecia...

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Q: Smartlink Computer Services Co. specializes in customized software development for the broadcast and...

A: Ratio Analysis The purpose of preparing the ratio analysis is to know the actual strength and weakne...

Q: How do fraud symptoms help in detecting fraud?

A: Fraud symptoms are indicators used by investigators to identify the perpetrator. These fraud symptom...

Q: Use the Goretex case to explain how the P.R.O.F.I.T. supports the assertion that it’s managerial pra...

A: P.R.O.F.I.T. is a popular acronym for Providing Real Opportunities For Income Transformation in gene...

Q: APOL Company provided the following information related to the ending inventory of its Product X: Hi...

A: Inventory to be reported in the Statement of financial position = Lower of cost and Net realizable v...

Q: city nas the following Purchase Order Billed Amount Amount $ 550,000 Transportation Public safety 73...

A: No entry is made for issuance of purchase order.  

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A:

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Q: (a) Mr. Talukder retired very recently receiving 70% lump sum of his total retirement payment of 5 M...

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Q: Company sells milled rice in Isabela Province. On September 15, a flood destroyed the company’s ware...

A: Cost of goods sold = Sales - Gross profit where, Gross profit = Sales x Gross profit ratio

Q: How much of the following is gross income subject to income tax?

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A: Cost of goods sold = Sales / (1 +  markup) Amount of loss from theft = Estimated ending inventory - ...

Q: Sandy Company owns 15,000 of the 100,000 ordinary shares of X Corporation. The investment is account...

A: Answer: If she opted to receive cash instead of share dividend, then she will receive deividend @ P2...

Q: Euclid acquires a 7-year class asset on May 9, 2020, for $96,600 (the only asset acquired during the...

A: Cost Recovery Deduction: When a company uses depreciation, amortisation, or depletion to reduce the ...

Q: What is the gain from change in fair value due to physical change on December 31, 2020? AJUMA Farms ...

A: Biological assets refer to the assets which are in living state, be it animals or plants owned by th...

Q: SST Jetski Corp. has sold motorized watercraft for a number c follows ASPE. Starting from 2020, SST ...

A:                                       QPP is Quality Payment Program is designed for rewarding physi...

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A: The income from an investment in a security is computed under the fair value method or equity method...

Q: Production Budget FitHealth Inc. produces a small and large version of its popular electronic scale...

A: Solution Production budget is a budget that determine the quantity of the firm's product that needs ...

Q: Reason Inc. sold its old equipment with original cost of P2,000,000 and accumulated depreciation of ...

A: Solution Working note  Carrying amount of equipment = original cost - accumulated depreciation. = 20...

Q: b. Prepare a Cash Budget for Muhibbah Harmoni Sdn Bhd for the third quarter of 2022.

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A: Cost of Goods Sold=Finished goods inventory, Beginning+Goods added-Finished goods inventory, Ending

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A: To keep records of cash transactions, journal entries are used. To create a journal entry, you join ...