Part 1 What is a "brand"? Why is it imporțant for companies to establish a brand identity? Part 2 How would a company differentiate itself when offering services? What are the (4) l's of service?

Q: The Dali Group consisted of Dali Ltd, the parent, and its subsidiary, Gleeson Pty Ltd. On 31 Decembe...

A: It is one of the important tools, to prepare the consolidated financial statements of patent and sub...

Q: Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the next f...

A: Production budget is an estimate of units to be produced in a future accounting period. The preparat...

Q: From the data below please complete a P&L Account Opening Stock - £800,000 ...

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

Q: A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 1...

A: The remaining time until the bond matures or expires is referred to as the time to maturity.

Q: At the beginning of 2021, Gala company purchased equity securities to held for trading for P5,000,00...

A:

Q: Problem 4. Masagana Corporation has a PI,500,000 credit balance of Accumulated Profits (Losses) in 2...

A:

Q: Prepare the Stockholders' Equity Section Renee Corporation has the following stockholders' equity i...

A: Stockholders' equity is a part of financial statements. It includes common stock, preferred stock, a...

Q: Your company declared $13,800 cash dividends on stock. There were $6,400 in dividends payable at the...

A: Formula: Dividends paid = Beginning of the year dividends + Dividends declared - Ending dividends ba...

Q: arter 2, 43,400 bags. Selling price i re requires 4 pounds of Gumm at a

A: Direct materials Budget - Gumm : CRANE FARM SUPPLY COMPANY       Direct materials Budget - Gu...

Q: Chapter 11:  Internal Control and COSO Framework During your audit of ABC Sports, Inc., a retail ch...

A: Internal control seems to be a method implemented by management and other staff to offer adequate co...

Q: to the nearest integer.) More info Corporate Tax Rate Schedule Taxable income brackets Base tax $o t...

A: Marginal tax rate refers to the extra tax paid for every extra dollar gained by an entity.  

Q: Collaborative Learning -KKI Chocolato Co is a supplier chocolate for Orangtua Corporation. It has ha...

A: Journal Entry of Chocolato co. for 2020 and 2021

Q: Parent Subsidiary Sales P250,000 P60,000 Cost of Goods Sold 120,000 12,000 Depreciation Expense 10,0...

A: Following is calculation of imputed value of the subsidiary 

Q: December Norway Company reported that the year-end is ! receivable of P400,000 from a customer that ...

A:

Q: Parent own 100% of Sub. On the open market parent bought all bonds of the Sub for Sa0o,000 on Jamuar...

A: In this question ,we ae given with Interest Expense = 40,000Interest Revenue = 37,000Explanation:Int...

Q: Rahara Ltd purchased a piece of equipment for £600,000 on the Ist January 2021. The equipment is exp...

A: The question is related to Government Grant. Two methods of presentation in financial statements of ...

Q: Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and...

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for y...

Q: Stock Dividends and Stock Splits The balance sheet of Castle Corporation includes the following sto...

A: Stock Dividend and Stock Split are two methods by which corporations increases the count of outstand...

Q: Dibiasky Corporation is a trading company based in Laguna. The auditor in charge for 2020 audit is e...

A: Accounts Payable  Balance ad on Dec. 31, 2020 600000 C) Goods shipped FOB shipping point and ar...

Q: Chimco is a limited company operating in the Hat making industry in East England. Below is a cost b...

A: A budget refers to a predetermined plan which is quantifiable and estimates the revenues and expendi...

Q: The cost of discounts missed on credit terms 2/10, n/50 is (use 360 days)

A: The given statement means that if the payment is made within 10 days, the buyer will receive a disco...

Q: (a) Prepare a revised statement of financial position using the available information. Assume that ...

A: Solution:- Given, Swifty Corp. has decided to expand its operations and given statement of financial...

Q: Current Assets Current Liabilities Current Ratio Edison 88,000 $ 35,341 MAXT 85,152 54,610 91,786 11...

A: Formula: Current ratio = Current Assets / Current liabilities.

Q: DEF company acquired the assets and assumed liabilities of GHI Company on January 1, 2022 by paying ...

A: Calculate fair value of liabilities acquired:    Amount (P)   Book value of liabilities        ...

Q: The following are facts about a company's activities: Cash flows from operating activities was $33,0...

A:

Q: Blake Green's weekly gross earnings for the week ending December 7 were $2,500, and her federal inco...

A: An employee's net pay is his or her salary after all deductions have been made. Obligatory deduction...

Q: Required: Prepare the company's budgeted income statement for the year.

A: Income statement refers to a statement which shows the revenue and expense of the company of a parti...

Q: Al's Advertising Company trades in a red vehicle which had originally cost the Company $22,000 for a...

A:

Q: a. Calculate the firm's tax liability.

A: A firm's tax liability refers to the total amount of tax debt owed by corporation to a government. U...

Q: On the first day of the fiscal year, a company issues a $5,300,000, 8%, five-year bond that pays sem...

A: Interest expense = Cash interest paid - premium amortized semi annually 

Q: Prepare a statement of cash flows using the direct method.

A: Statement of cash flow (CFS) refers to a financial statement which shows the flows of cash and cash ...

Q: How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000 i...

A: Compounding interest the interest you earn interest on interest amount. 

Q: Only statement 1 is true Only statement 2 is true Both statements are true O Both statements are fal...

A: Statement -1  Split up increase the number of share held and decreases the cost per share   Statemen...

Q: Thompsons Inc. issues 2,000 shares of Restricted Stock to the CEO on January 1, 2021. The stock has ...

A: Fair value of stock = $ 132000 Stock issued = 2000 shares Par value of stock = $ 10 Service period =...

Q: 7

A: We know that in order to avail tha cash discount we need to settle the amount on or before that due ...

Q: What is National's estimated annual usage in units? * Format: 1,111,111 National Co. has determined ...

A: Order size (Q) = 10,000 units Total order cost in year (TC) = P20,000 Cost per order (O) = P100

Q: The National Co. has a revolving line of credit of P300,000 with a one-year maturity. The terms call...

A: Annual cost of financing arrangement = Interest cost 7% on the average loan balance during the year ...

Q: According to a summary of the payroll of Sinclair Company, $505,000 was subject to the 6.0% social s...

A: Your journal entries may not be seen if you use accounting software or outsource your accounting, bu...

Q: P company bought 60% of common stock of S company on January 1, 20x4. On January 1 20x5, there was a...

A: Net income is also referred to as net earnings. Net income means deducting all the expenses (Costs) ...

Q: 4) Selected accounts follow of Bramble Limited at December 31, 2020: Finished Goods Inventory   $1...

A: A balance sheet is a representation of an individual's personal or corporation's financial balances ...

Q: Whispering Corporation has 8,700 shares of $100 par value, 9%, preferred stock and 48,300 shares of ...

A: Formula: Preferred dividend = Preferred shares x PAR value x Preferred rate 

Q: A firm has directly placed an issue of commercial paper that has a maturity of 60 days. The issue so...

A: Annual interest rate is 12% Commercial paper issue amount = P 980000  

Q: Choose a company that creates a product or offers a service that you are familiar. Using the company...

A: Answer with explanation are s follows.

Q: Fred is considering three job offers in advertising. A full-time position as a coordinator that pay...

A: Gross is the income ,which a person get without deduction of tax,social security tax, medicare tax  ...

Q: The Dec. 31, 2016, statement of financial position of Leon Company showed Accounts Receivable of P50...

A: Bad debts are also known as doubtful debts. The bad debts expenses estimated for a particular period...

Q: Blossom Express Co. produces wooden crates used for shipping products by ocean liner. In 2022, Bloss...

A: Absorption Costing- Absorption costing is a way of managerial accounting. The absorption costing met...

Q: Which of the following qualifications is NOT a prerequisite for becoming a licensed agent? a. being ...

A: A town clerk, government agency or corporate executive, government entity, firm, or organization tha...

Q: Clara Company purchased equipment for P5,000,000 on January 1, 2021 with a useful lite of 10 years a...

A: Recoverable Value of the Equipment on December 31, 2022 =  Fair Value - Cost of disposal            ...

Q: On October 1, Year 3, Eure Retailers signed a 4-month, 16% note payable to finance the purchase of h...

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

Q: 2. You need to save up for P5,500 in I year. How much should you save now if the bank offers a rate ...

A: >Present value is the value of future value that can be earned today. >This can get calcul...

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.