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Q: n, what is the gross profit for the month?

A: 1. As units are sold on the basis of FIFO . So, closing inventory will      be out of Last purchased…

Q: Sales Cost of Sales Gross Profit Operating Expenses (b) Net Income P75,000 (a) P40,000 P17,000

A: Formula used for Cost of sales: Cost of sales = Sales - Gross profit.

Q: Instructions For the fiscal year ended June 30, 2022, calculate the following for Amerigo…

A: Basic and diluted EPS is to be calculated based on the given information.  Basic EPS - Is the…

Q: pls solve this ques needed urgently with the proper explanation will give you many upvotes

A: Here discuss about the details of the capital gain taxes which are applicable in the different…

Q: Jean died in a common-law state in 2022 and was survived by her husband, Loren, and three adult…

A: A federal tax on the property of a person who dies is known as the Federal estate tax. The gross…

Q: d. P 30,000 22.If the step method of allocation is used, how much would be allocated from…

A: Using step allocation method, the service department’s costs are also allocated to other service…

Q: 3. RJ Coley visited Malcolm Variety Store to purchase the following items: These prices are…

A: Introduction General Consumption Tax (GCT) is tax applicable on purchase and sale of goods and…

Q: Narrate how AIS adds value.

A: Accounting Information System (AIS) is a system used by businesses to gather, store, and process…

Q: On December 31, 2020, the pre-closing trial balance of Agency GHI shows the following totals:…

A: A cumulative deficit is defined as a negative deferred revenue balance. This occurs when the total…

Q: Western Foods purchased a 4,000,000 life insurance policy on the company president. The annual…

A: the life insurance expense for 2020= 96000-7000-1500 =$87,500

Q: Cucina Corporation signed a new installment note on January 1, 2021, and deposited the proceeds of…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: The substance of annual report are:

A: An annual report is a document which is published by a company for its stakeholders, internal and…

Q: ackie, a non-business taxpayer, paid for the following relevant figures (in pesos) anent his…

A: Dutiable Goods are calculated on a CIF basis. Note 1. CIF is Cost, Insurance, and Freight (here…

Q: 1. Mrs. Natividad paid P5,380 on a loan made in 6 months at 8% simple interest. Find the original…

A: Simple interest is that form of interest under which interest is only charged on the principal…

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

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

Q: Rica, the president of XYZ Corporation was authorized by the Board of Directors of XYZ Corporation…

A: A loan means a contract in which one party lends money to other for a certain time period that is…

Q: MAJU Print Manufacturing Sdn. Bhd. Manufactures and sell high-technology printing press each year.…

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

Q: What is the amount of bond interest expense for the first year?

A: Solution: Bond interest expense for first year = Interest expense for first semiannual period +…

Q: 1 In the statement of financial position restated to current cost, what amount should be reported as…

A: Solution Concept Inventory which are stated at historical cost means the actual purchase cost are…

Q: For the current year ending october 31, Papadakis Company expects fixed costs of $536,300, a unit…

A: Formula used: Break even sales units = Fixed cost / Unit contribution margin. Division of unit…

Q: What are the formulas that were used here?

A: If the rate of return and the periodic payment do not vary, the future value of an annuity can be…

Q: Gahen Coporon ha 000 cato of orarg thteere haved ata prce of S4SO The inoeme cont of $00 The orarge…

A: Incremental gain = $49,850 - $33,520 = $16,330 Incremental cost = $12,775

Q: Sammie reported the following for the taxable year 2022. Vatable ending inventory for March is…

A: In Philippines generate Vat tax rate is 12% on goods and services provided in the domestic territory…

Q: (a) Calculate the unit cost for the assembly department for the month of April. (b) Calculate the…

A: Equivalent units means number of units that is taken as completed for the calculation of cost per…

Q: The amortization of prior service costs will affect the pension expense for the period along with…

A: solution for above requirement are as follows

Q: Resolve and explain the result of the current ratio for XYZ Company and compare and explain this…

A: The current ratio is a liquidity ratio that assesses a corporation's capacity to pay short-term…

Q: The master budget of Knope Inc. shows that the planned activity level for next year is expected to…

A: Overhead rate is the rate which is calculated by dividing total manufacturing overheads by total…

Q: 2. Jerson, married, 15 dependents, had the following income within and outside the Philippines:…

A: The Philippines taxes its resident citizens on their income from worldwide whereas the non- resident…

Q: Question 8 of 50 -/1 E ! View Policies Current Attempt in Progress On January 1, Oriole Corporation…

A: Common stock dividend  = shares outstanding × % of stock dividend × Market value on date of…

Q: HOM Enterprises estimated the following sales for the first six months of 2022: Month Estimated…

A: The cash budget is prepared by the management to estimate the expected cash collection and cash…

Q: You are considering the purchase of a house. The morigage company is approving 15-year loans at…

A:

Q: depreciation is taken in the year of acquisition. • No depreciation is taken in the year of…

A: Depreciation under straight line method is:   = (Original cost  - Residual value) ÷ Useful life

Q: value aft

A: Service Output Method also known as Working Hours Method. The formula : Depreciation per hour as, =…

Q: vanhoe Variety Store unes the LIFO retal inventory method. Information relating to the computation…

A: Inventory is the current asset reported on the balance sheet of the company. It is used in the…

Q: RELEVANT DECISION MAKING Barkworth Ltd produces a single product. The company has 10,000 machine…

A:

Q: ou are a credit analyst of a growing commercial bank and have recently received loan applications…

A: Financial ratios are a handy tool for the management for evaluating financial performance.

Q: Calculate the Direct expenses and factory cost from the following information: Direct Labor RO…

A: Solution Concept While preparing cost sheet statement prime cost and factory cost shall be shown…

Q: Fitzee, Chesher and Klotia have a partnership. They share income on the basis of the following…

A: Answer:- Meaning of liquidation of partnership:- Liquidation of the partnership generally occurs…

Q: In the separate financial statement of the parent company, which of the following statements…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: What is the difference between authorized capital, issued capital and additional paid in capital?

A: The assets and cash of a firm are referred to as capital. Capital might be cash, machinery,…

Q: CCC Manufacturing Inc. sold equipment that it uses in its business for $110,000. CCC bought the…

A: Capital gain occurs when the sale price exceeds the adjusted value of the equipment. Capital loss…

Q: Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in million dollars). 2020 2021e…

A: Free cash flow- FCF (free cash flow) is a measure of how much cash a company generates after…

Q: PROBLEM: THE COMPANY PURCHASED EQUIPMENT ON ACCOUNT FOR 190,000 ON SEPTEMBER 1, 2017. THE EQUIPMENT…

A: Depreciation expense is charged each year on the property plant and equipment as these assets each…

Q: Hi how do you get 2.73554 can you elaborate it?

A: Solution: Present value of an annuity due is computed as = Annuity amount  * PVAD of $1 at given…

Q: How much is the business tax payable for the August?

A: What is Income Tax Payable?Income tax payable is a term given to a business organization’s tax…

Q: 5. Compute the following financial ratios for 2015 and 2016 and  interpreting the results in the…

A: as per the guidelines we can provide the answer for 3 sub part ( first 3) of  any question . answer…

Q: Alexa owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in…

A: Introduction: AGI, or adjusted gross income, is your gross income less certain adjustments. This…

Q: Many companies recognize that their cost systems are inadequate for today's powerful global…

A: The traditional costing method uses a single overhead recovery rate while in the case of ABC…

Q: Angsa Mas Sdn.Bhd. uses a job-order cost system and applied manufacturing overhead cost  to jobs on…

A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…

Q: Mateen Oil and Gas Company provides the following data: 2019 2020 2021 Unproved property acquisition…

A: Calculation of finding cost of BOE for 2020 = =G&G+Exploratory drillingExtensions &…