OOutline some different approaches to stock control.
Q: company has annual credit sales of €10 million, and a cost of capital of 7%. At present the company'...
A: In this question, we have to find out the discount scheme of the company's profit and loss.
Q: Super Pharma Company had the following transactions: 1. Issued capital stock for $935,000. 2. Purch...
A: Journal entries are the basic method for recording financial transactions in the books of accounts. ...
Q: If what is promised is only the use of a specific thing which does not include its ownership, the co...
A: The contributing partner is the partner of the partnership business which has contributed something ...
Q: 2.8: Assuming that today's date is 1 January 2018, calculate the present value of each of the follow...
A:
Q: 9. the BIR is under the supervision of the: A. Department of Budget B. Bureau of Customs 10. Which o...
A: 9.Answer: C. Department of Finance. The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas In...
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year roun...
A: Break even point is the point of sale where there is no profit and no loss to the company . in othe...
Q: Call Systems Company, a telephone service and supply company, has just completed its fourth year of ...
A: Bad debts expense results from the goods sold on credit and payment not received till the due date.
Q: consequential damag
A: Civil liability refers to the liability or obligation in legal firm which requires the party to pay ...
Q: A, B and C are solidary debtors for the amount of P45,000 from F. Mr. B has already paid P20,000 to ...
A: Solidarity debtors means where one or more of several debtors are liable to pay whole amount. And on...
Q: On January 1, 2020, Alison, Inc., paid $83,800 for a 40 percent interest in Holister Corporation’s c...
A: Solution Common stock can be defined as securities that represent individuals ownership in a said co...
Q: Cost of long-term asset = $50,000 Accumulated Depreciation = $25,000
A: These are the accounting transactions that are having a monetary impact on the financial statement o...
Q: Super Pharma Company had the following transactions: 1. Issued capital stock for $935,000. 2. Purcha...
A: The T-accounts are prepared as posting of journal entries to the specific accounts.
Q: Spark Corp. has a contract to construct a P5,000,000 cruise ship at an estimated cost of P4,000,000....
A: The account receivables are the current assets for the business which can be converted into cash wit...
Q: On January 1, 2016, Saul Company issued convertible bonds with a face amount of P 5,000,000 for P 6,...
A: It is the amount liable to the bondholders by the issuer of bonds. This bonds payable will be report...
Q: The first audit of the books of Concord Company was made for the year ended December 31, 2021. In ex...
A: In this question, we will prepare the journal entries necessary in 2021 to correct the books:
Q: 29. A VAT-taxpayer made the following sales during the year: P 100,000 Domestic Sales Export Sales 1...
A: 29. Amount subject to business tax is P220000
Q: bonds payable with face amount of P7,000,000 on April 1, 2021. Supersonic Company was authorized to ...
A: Given details:
Q: For Year Endea vecember 31, 2019 $372,800 239,900 132,900 Sales Cost of goods sold Gross profit Oper...
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...
Q: Statement 1: BIR rulings are the final interpretations of the Tax Code. Statement 2: Supreme Cou...
A: Statement 1: BIR rulings are the final interpretations of the Tax Code. - TRUE In some cases, the ru...
Q: Suppose your firm is considering buying a van costing $95,000. What is the Undepreciated capital cos...
A: Proportional Tax- A proportional tax, such as a sales tax, is a sort of proportional tax. All consum...
Q: apar int tenancy with right of At the time of the purcha hetter financial nosition .
A: So in present case Answer is option 1) $ 0 Explanation given below When one of the original owners...
Q: Required: 1. Determine budgeted cash collections for July and August. 2. Determine budgeted cash p...
A: Cash Collections for July = 70% of July Sales + 30% of July Credit Sales + 70% of June Credit Sales ...
Q: Yazzie Incorporated bought a machine at the beginning of the year at a cost of $34,000. The estimate...
A: Units of depreciation method Respective year depreciation= Depreciable amount/ Total units* respecti...
Q: Exe (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating effic...
A: Lets understand the basics. Return on total assets indicates the ability of company to generate earn...
Q: Among the executive officials of the government, only the Commissioner of the Bureau of Internal Rev...
A: The chief of the bureau of internal revenue (also written as BIR) is commissioner. BIR is also writt...
Q: Contribution margin dividect by Income is the: Multiple Choice Contribution margin ratio. Margin of ...
A: The break even sales are the sales where business earns no profit no loss during the period.
Q: 21. A non-VAT business reported the following: Sales P 2,500,000 Cost of Sales 1,000,000 Purchases, ...
A: Value-added tax is an indirect tax charged on the value of goods or services at each stage of supply...
Q: A new electric saw for cutting small pieces of lumber in a furniture manufacturing plant has a cost ...
A: Modified Accelerated Cost Recovery System: Modified Accelerated Cost Recovery System is a tax deprec...
Q: 1. Multiple-step and single step income statement. Holler, Inc. has the following data for the year ...
A: Net income is the excess of revenues over total expenses.
Q: Problem 11-12 (Algo) Effect of transactions on liquidity measures LO 1 Selected balance sheet acc...
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or str...
Q: The direct cost of each hotel guest at Seaview hotel is $15 per night. The hotel manager has estimat...
A: The manager should accept the offer only if it recovers the costs incurred.
Q: This refers to the process of taxation to determine the amount of tax based on existing tax laws.
A: Answer: b. Imposition
Q: The company’s pension plan is managed by Castle Fund Managers, a leading provider of pension servic...
A: a) Asset allocation is the most important stage of creating and measuring your investment portfolio....
Q: In the case of conflict between the tax laws and generally accepted accounting standards (GAAP) for ...
A: GAAP refers to Generally Accepted Accounting Principles which were issued by the accounting standard...
Q: Which of the following should not be considered when determining the production budget for an accoun...
A: A budget is prepared by the management to estimate the future event. The production budget is used t...
Q: B. Why is it important for businesses to apply the GST principles of "Networking"; "Attractors" and ...
A: The word classification means classified according to classes or types. The indirect tax system requ...
Q: ad assets with a book value of $240,000 and a market value of $195,000, outside liabilities of $70
A: Book value=$240,000 market value= $195,000outside liabilities =$70,000 partner Able =$20,000 Able ...
Q: Which of the two offers, A or B, yields the lower price?
A: Let's analyze both the offers one by one to find out which offer yield the lower price Offer A. Tota...
Q: 7. Mr. Kwon imports Korean vegetables and sells them in the domestic market for Korean residents in
A: As per the circular issued by Bureau of Internal Revenue [BI...
Q: a. Consider the balance sheet for Inspired to Thrive (IT) Bank belöW: Inspired to Thrive Bank Balanc...
A: The balance sheet of any company is divided into two parts: Assets Liabilities and capital
Q: Three of the following are requisites of an obligation. Which is the exception? Efficient cause Pres...
A: The four essential elements of an obligation are: an Active Subject, a Passive Subject, The Prestati...
Q: The maintenance of a room air conditioner is expected to be P 200,000 at the end of the first year a...
A: The sum of money to be set aside now for the future maintenance of the room = Present Value of Cash ...
Q: Directions: Establish the following T-Accounts. Write your answers on a separate sheet of paper. Mas...
A: The t-accounts are prepared to record the transactions to specific accounts and find the final balan...
Q: Required: (a)Compute prime cost, manufacturing cost and cost of goods manufactured. (b)Compute cost ...
A: Prime Cost= Direct Material Cost+ Direct labor Cost Manufacturing Cost= Prime Cost +Manufacturing Ov...
Q: Given the below assumptions, what is the level of sales required for a two department (food and beve...
A: The return on investment is calculated with the help of following formula Return on Investment = Op...
Q: Blossom Leasing Company agrees to lease equipment to Blue Corporation on January 1, 2020. The follow...
A: Lease is the contract between lessor and the lessee for use of assets which consists the conditions ...
Q: In retail we are always adjusting our operations to ensure financial goals are met. Aside from adjus...
A: Introduction Adjustments is carried out to show the accurate picture of financial statement at the e...
Q: 4. Using your present and future value tables, calculate the following: a. Compute the amount that a...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: Jay Mercado Photocopying Center July 31,2015 July 1- Mr. Mercado invested cash of P30,000 in the bus...
A:
Q: Abdulla Co. issues 4,000 shares of $90 par value preferred stock for cash at $100 per share. Choose ...
A: Given information: No of shares issued 4000 shares Par value $90 Issue price $100
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OOutline some different approaches to stock control.
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