Oct. 23, 2022: Mr Alberto bought 10 toner cartridges worth P15,000 as supplies for his printers.
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- Q3. In 1990 an anonymous private collector purchased a painting by Picasso entitled Angel Fernandezde Soto for $4,450,000. The painting was done in 1900 and valued then at $1800. If the painting wasowned by the same family until its sale in 1990, what is the interest rate they receive on the $1800investment?A6) Finance Nuno purchased five crypto coins for $1000 in October 2020. He sold two of the coins for $375 in May 2021. He later sold the remaining three coins for $720 in September 2021. What is his net gain or loss on the coins? a: $25 short term loss. b: $95 short term gain. c: $120 short term gain. d: $145 short term gain.Question 2 – During 2020, you receive from your employer: • a $400 gift certificate. • a $600 chair for outstanding customer service. • 4 coffee mugs that cost the employer $20. • an Easter basket of gourmet treats valued at $245. • a cash award of $300 in recognition of 10 years of service with the employer. What is the amount that will be included in your 2020 Net Income (Division B)? A) $800. B) $1,000. C) $1,300. D) $700.
- Cascade Company manufactures a single laundry soap. A towel is offered as a premium to customers who send in two proof-of-purchase seals from the soap boxes and a remittance of P20. The corporation incurs a distribution cost of P5 per towel. Data for the premium offer are: 2021 2022Soap sales P 2,500,000 P 3,125,000Towel purchases (P100 per towel) 175,000 200,000Number of towels distributed as premium 1,000 pieces 1,800 piecesNumber of towels expected to be distributedas premium in the subsequent period 600 pieces 800 pieces 1. What is the balance of the estimated premium liability at December 31, 2022? 2. What is the balance of the premiums inventory as of December 31, 2022?2) A fish vendor bought P653.85 worth of fish. The following day his order worth P562.15 arrived. If she was able to sell them all for P1,625.05 how much did he gain? 3) A school canteen sold hot cakes at P0.55 each. How many were sold if the sale was P18.70? 4) Anne can type 55 words in 1 1/3 minutes. How long will it take her to type 100 words?You purchased a new Beats headphone on sale for $200. Your grandma also bought one for you as a gift at the same price. Your friend offers to purchase the second headphone from you for $120. If you choose not to sell, the opportunity cost of keeping the second headphone Select one: O A. is $120. OB. cannot be determined without further information. OC. is zero OD. is $320. OE. is $80. AL 21 Time left 0:39:26
- Please give me the correct answer and solution pls. 10. The current assets of Domino's Gift shop by month for the last year are P500, P400, P300, P400, P500, P550, P600, P650, P700, P800, P950, P1,100. The amount of permanent current assets is a. 500 b. 400 c. 300 d. 1,100Chapter 7 R E V I E W Write the letter of the best answer to each question. Find the original price for a kitchen table and chairs selling for $799.99 at 40% off. Round to the nearest dollar. A $800.00 B $1,120.00 C $1,333.00 D $2,000.00Taryn would like to open a new business as an interior designer, to funds her ambition she sold some of the following assets:1. AntiquePaintingthatwasgiventoTarynbyherfather5yearsago.Taryn’sfatherboughtiton20August 1984 for $2,500. Taryn sold it on 1’st June 2020 for $25,0002. Taryn sold her car (Toyota Corolla) for the amount of $12,000 on 20’th May 2020, she bought on 1’st January 2015 for the amount of $20,0003. Taryn sold her Harry Potter’s collection for the amount of $1,500 on 4’th January 2020, she bought it second hand on 10’th October 2018 for $350.4. Taryn sold her gold necklace for $2,000 on 20’th March 2020, she bought it for $1,200 on 8’th August 20185. Tarynsoldasculpturefor$6,000on1January2020,sheboughtitonDecember1994for$1,500Advise the Capital Gain Tax Consequences for the above transactions, please have a look at the matrix below on how to answer the questiondentification of material facts on regard to each case Identification and analysis of legal issues / legal…
- 25-James owns a grocery store in north Westley, UK. He purchased £50,000 worth of goods from his suppliers and sold £100,000 worth of goods to his customers in the month of September 2019 excluding VAT. The rate of VAT is 10%. Calculate the output VAT? a. £10,000 b. £4,000 c. None of the options d. £5,000PV at 10% at the end of year 2. How do you get 0.82645? Do you use a calculator, if so, how do you work it out or written?Buyer A bought 20 pcs of product Z from Seller B with the following information: Selling price, P1,500 each. With terms 20,10,5/15/ n/30. Transport cost is P10 per unit. If the payment is made on the 20th day.1. how much will Buyer A pay the seller when the term is FOB Destination Prepaid?2. how much will Buyer A pay the seller when the term is FOB Shipping Point Prepaid?3. how much will Buyer A pay the seller when the term is FOB Destination Collect?