The gross profit margin of WALA company is 40%. If the gross profit is ₱332,560.00, how much is the cost of goods sold?   ₱150,450.00   ₱831,400.00   ₱498,840.00   ₱182,110.00

Q: son Company adds materials, 50% at the start of the process and 50% at the end of the process in Dep...

A: At first, Equivalent units of product will need to be computed based on their completion percentage....

Q: On March 13, Folder purchased 100 shares of Straddle Co. stock for $57 per share. On April 5, Folder...

A: Internal Revenue Service- The Internal Revenue Service (IRS) of the United States collects taxes and...

Q: Clear Water Bay Inc. has provided the following data from its activity-based costing system: Activit...

A: The overhead rate is calculated as estimated overhead cost divided by estimated base activity.  The ...

Q: Under the default rules of the ULPA, a limited partner who wishes to withdraw from a limited partner...

A: Limited Partnership: A limited partnership is when at least two individuals start a new business as ...

Q: You are auditing Crown Corporation for the year ended 2022, Its reported net income for the year 202...

A: Errors and omissions are common occurrences in the accounting process which are detected during the ...

Q: The Sahara Company's inventory was partially destroyed on June 4, 2016, when its warehouse caught on...

A: The gross profit method computes inventory value by attempting to apply the firm's future profitabil...

Q: Final Income taxation is characterized by: Full taxes are withheld by the income payor at source. Re...

A: Here discuss about the final withhold taxes which are incurred for the certain income payments which...

Q: Required: a. Prepare journa

A: ( All figure are in Php ) On 1/1/2020, Notes Payable to Bank, Bearing Date April 01,2019 2800000 ...

Q: The Bangko Sentral ng Pilipinas (BSP) allows organizers of bank to form banks as sole proprietorship...

A: The Bangko Sentral ng Pilipinas (BSP) is the central bank Philippines. 

Q: Assets Liabilities + Net Worth Required R$ 1000.00 Demand Deposits 4,000 Excess Reserves: 2,000.00 S...

A: Reserve Ratio can be determined by using the formula given below Reserve Ratio = (Reserve Required t...

Q: On January 1, 2020, when the fair value of its common shares was $80 per share, Pharoah Corp. issued...

A: Conversion of Bonds It is the method  of converting  a bond into shares. It  is dependent on convert...

Q: What is the current ratio? Use the information below. Current Assets: $450,000 Costs of Goods Sold: ...

A: Lets understand the basics. Current ratio shows that how much current asset is there in compare to c...

Q: Prepare a journal entry on June 30 for the payment of dividends of $16,000. If an amount box does no...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: EQUIRED: a.) At what amount should Diana record the leased asset at January 1,2020? b.) Prepare the ...

A: Lease Payment 86,680 Lease Term  5 year Unguaranteed Residual Value 50000 fair value of the ma...

Q: Question Walnut Grove is a quaint town that attracts tourists all year long. The municipality establ...

A: Plant assets are long term fixed assets which are tangible (have physical existence) and estimated t...

Q: Required: Identify the depreciation method used for each of the following comparative balance sheet...

A: Solution Given Cost 495000 Useful life 4 year Salvage value 86000 Capacity of ...

Q: The Sino-Fizer Company is concerned about the cash flow of the company. They consulted you to prepar...

A: Calculation of amount collected from sales for the 4 months ending 30 April 2019 : Months  Janua...

Q: Suppose you are an investment advisor and are looking at two companies to recommend to your clients,...

A: Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of the f...

Q: he discount is $48000289 and the final answer to the nearest cent as needed. Round all intermediate ...

A: Price of bond is sum of present value of coupon payment and present value of par value of bond.

Q: I need the answer as soon as possible

A: Answer: Whenever any amount has been issued to transfer between banks the entry is posted as: Bank o...

Q: Cory Company's bookkeeper is not familiar with accrual accounting concepts. He determined net income...

A: Journal entries means the book of prime entry including debit and credit item. Adjusting entry means...

Q: Frozen Inc. adds materials at the beginning of the process in department USB.  Conversion costs were...

A: Solution: Frozen Inc. Computation of Equivalent unit of Production Particulars Physical Units...

Q: Payroll Accounting and Discussion of Labor Costs Blitzen Marketing Research paid its weekly and mon...

A: Introduction: A journal entry is an act of recording or keeping track of any financial or non-financ...

Q: a. Journalize the transactions (Assume all their investment are trading securities). b. Prepare the ...

A: Investments at fair value means that the investment like the investment in the shares is recorded by...

Q: Find out the Capital maintenance under the following three bases: (a) Financial Capital Maintenance ...

A: Capital refers to the net assets of the company after deduction the balance of company’s liabilities...

Q: Waling-waling Company had 6,400 units of work-in-process inventory in department A on October 1, 202...

A: Under average method, it is assumed that whole of the opening units are completed in the current per...

Q: Please explain step by step.Only number 4 and 5

A: 4. As it is stated in the question that the company has enough capacity available for special order,...

Q: The following data were taken from the records of Winner Company for the month of October: Work in ...

A: Under average costing it is assumed that whole of opening inventory is completed during the period, ...

Q: Prior to liquidating their partnership, Cameron and Solivita had capital accounts of $44,000 and $92...

A: Solution Partnership consists two or more people who combine their resources to form a business and ...

Q: If FIFO Method is used, the costs of goods manufactured amounted to:

A: Equivalent units means where the some goods remain incomplete at the end of process and we need to c...

Q: xpand its operation in Mindanao. With a loan amounting to Php5M payable in 12 periods and with inter...

A: Amortization refers to the concept of systematically and timely declining the principal amount of an...

Q: What is the effect of omission of prepaid expense in net income during the year of error? a. Overst...

A: Prepaid expenses should be deducted from the particular expense to which it relates in the calculati...

Q: Problem 25 Davao Bank loaned P7,500,000 to a borrower on January 1, 2018. The terms of the payment i...

A:   Loan Amount = P7,500,000  Interest Rate = 12% Accrued Interest = 12% of  P7,500,000 = P900,000 To...

Q: On January 1, 2019, Kelly Company sold equipment with a carrying amount of P7, 000,000 in exchange f...

A: Present value of the Note = Face value of the note x Present value factor Gain (loss) on the sale  =...

Q: n April 2, 2011, Caesar Corporation’s BOD declared a 15% stock dividend for stockholders on record o...

A: The question is based on the concept of Financial Accounting. When a dividend is declared the amount...

Q: a. Prepare an unadjusted trial balance, listing the accounts in their proper order. Place the amount...

A: Unadjusted Trial Balance - Unadjusted Trial Balance is the trial balance before making adjustments. ...

Q: Abbe Company uses activity-based costing. The company has two products: A and B. The annual producti...

A: Overhead is a term used to describe ongoing business expenses that are not directly related to the c...

Q: [The following information applies to the questions displayed below.] Del Gato Clinic's cash account...

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with...

Q: xplain the main principles of Direct costing

A: Solution Concept Direct costing                 This is a method of costing which is based on the di...

Q: cost of equipment____________________

A: Cost of Equipment depends upon which types of transactions you are doing. If cash Transactions you m...

Q: Required: a-1. Would you be willing to pay more than $200,000 for the restaurant near the campus? ...

A: Goodwill is an intangible asset of the company which have no physical existence but will increase th...

Q: LMO Company incurred expenditures for leasehold improvements during the year. The relevant lease is ...

A: Introduction Leasehold improvements are the modification made to leased property, to customize as pe...

Q: ournal Entries (Note Issued, Renewed, and Paid) May 1 Purchased $5,000 worth of equipment from a sup...

A: Solution Concept Journal book is a book where the business transaction are recorded primarily These ...

Q: Actu

A: Qualifying asset: A Qualifying asset will  be an asset that  takes substantial period of time to get...

Q: What is the total amount that was disclosed as compensation to key management personnel for the pare...

A: Answer :- compensation is $188,806. Correct Option is:- $ 188,806. 

Q: Counter balancing error is sometimes referred to as: which of the following? a Compensating errors ...

A: Rectification entry means where some error has been done in past and we need to rectify that errors....

Q: Why is issuing a short-term note receivable an investing activity if it's short term and not long te...

A: Solution Concept Short term note receivable are the notes that have maturity period of less than 12 ...

Q: Following dată iš availäble rom the Company. Estimated Factory Overhead Estimated Direct Labor Hours...

A: Solution Note dear student as per the Q&A guideline we are required to answer the first three su...

Q: Registration of securities with the SEC is usually valid for O 3 years O 2 years O 4 years O 1 year

A: Securities and Exchange Commission (SEC): The Securities and Exchange Commission (SEC) of the United...

Q: One subunit of Soaring Sports Manufacturing Company had the following financial results last month: ...

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are allow...