What is the present value of an ordinary annuity of P47,000 each year for eight years assuming a rate of return of 11%? (rounded) P241,860                                     P376,000 P557,380                                     P120,930

Q: On January 2, 2021, Sam company leased a machine from Bailey Company.   The the following…

A: IN CASE OF LESSEE, THE INITIAL RECOGNITION OF LEASE LIABILITY WILL BE CALCULATED AT PRESENT VALUE OF…

Q: How much would $50,000 due in 25 years be worth today if the expected rate were 5.5%?

A: Given details: P = $50,000 n = 25 years r = 5.5% or 0.055 Present value = P1+rn

Q: o agents for e

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: The main automobile manufacturers have plans to spend millions of dollars on the research and…

A: Answer:-  Automobile meaning:- A automobile, often known as a motorcar or car, is a four-wheeled…

Q: Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3,…

A: Under the direct write-off method, the bad debt is charged to expense when accounts receivable are…

Q: Laser Delivery Services, Incorporated (LDS), was incorporated January 1. The following transactions…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: A and B have capital balances of P150,000 and P180,000, respectively. C is to invest P60,000 for 15%…

A: On admission of a person in a partnership firm, the total investment by the newly added partner is…

Q: If Goodwill is understated on the financial statements: O a. Total Liabilities are understated O b.…

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

Q: Standard Cost most Category per 100 Two-Liter Bottles rect labor $1.20 rect materials 6.50 1.80…

A: The manufacturing costs comprise direct material, direct labor, and factory overhead. Total…

Q: Solutions Ltd. has prepared three forecasted demand quantities for the next period for a timber…

A: sales xxxx - variable cost xxxx contribution xxxx - fixed cost xxxx profit xxxx BEP sales…

Q: The following information is taken from the records of Erie Corp.(in thousands) for the year ended…

A: Lets understand the basics. There are generally two type of analysis are made which are, (1)…

Q: Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the…

A: Note: Under the Direct write-off method, bad debts expense are recorded when the company is sure…

Q: A printing machine initially costs ₱156,000. It can be sold for ₱15,000 at the end of its 10-year…

A: Depreciation refers to the allocation of cost over the expected life of the assets and in short, it…

Q: Jhonson Co. provided the following information regarding an automobile; Acquisition date April 1,…

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

Q: what is the value of N?

A: Net pay is the pay which has been received by the employee from the employer in hand means net pay…

Q: On December 31, 2021, EOS Co.'s shareholders' equity consisted of the following: 8%, cumulative…

A: Preference Share: - A share that entities the holder to a fixed dividend, whose payment takes…

Q: On Jan. 1, 2021, Bee Co. settled a P 1,000,000 loan by issuing to the lender 10,000 shares with par…

A: The loan is the amount in which one party lends money to another party. The money is lent for a…

Q: s $2,880 per route plus $15 per passe as 96 routes and 263 passengers. The a be closest to:

A: Spending variance is the difference between actual cost and the standard cost of the actual activity…

Q: Nicole's bookkeeper records three items: $1,000 of prepaid expense being used . $5,000 cash…

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period.

Q: Inc. produces Products X5, Y8, and Z9. The following table provides per unit information relating to…

A: The difference between both the price of a product as well as any associated variable costs results…

Q: If an entity as lessee presents as investment property a property interest held under an operating…

A: A lease is a written contract between two parties in which one party gives the right to another…

Q: Corinthians granted 5,000 share options to employees at an exercise price of P5 per share. The…

A: 2021 Compensation expense = 4500 options x P402.5 years× 1 year…

Q: If a company made a bank deposit on September 30 that did not appear on the bank statement dated…

A: AT the end of each the bank reconciliation statement is prepared to reconcile the balance of cash…

Q: Explain Potential Misstatements- Inventory/ Cost of Goods Sold and the description of misstatements…

A: Internal control is a procedure for insuring that an organization's objectives in operational…

Q: received                                                 1,000,000 Long-term loss accrual in excess…

A: Deferred tax assets or liabilities arises due to the difference between Financial income and Taxable…

Q: Make a system for recording the cost of raw materials using the complete Perpetual and Periodic…

A: Cost of Raw Material To calculate the cost of raw material first to add the beginning inventory plus…

Q: Explain potential misstatements - cash receipt and the description of of misstatements. The…

A: Frauds and errors with cash possible in many ways by the employees dealing with it and is a highly…

Q: Required information [The following information applies to the questions displayed below.] Del Gato…

A:

Q: Noora Company manufactures quality hair care product . The ingredients are combine in the mixing…

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

Q: DC Company purchased 100% of the outstanding common shares of FA Company on December 31, 20X3 for…

A: At the time of business combination, if the fair value of an asset exceeds its carrying amount, the…

Q: Co. acquired equity securities on May 25, 2020. The acquisition did not result nificant influence…

A: Solution: When acquistion did not result into significant influence over investee company,…

Q: On Mar. 1, 2022, Top Company issued P 700,000 of 10% bonds to yield 8%. Interest is payable…

A: Issue price of bonds will be present value of maturity & interest annuity at yield rate.

Q: A registered producer at VAT department sold product to wholesaler registered also for L.E 6000 who…

A: Calculation of Gross Value of Invoice                    Producer Whole-Saler Retailer Price…

Q: The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.) Multiple Choice O O…

A: Solution: Principal amount = $7,500 Interest rate = 6% Period = 90 days

Q: Waterway’s Hair Salon is considering opening a new location in French Lick, California. The cost of…

A: >Annual rate of return measures the net income earned from a given investment. >The result…

Q: (4) What is the average basepay for women? Using DAVERAGE function (5) What is the total basepay for…

A: Requirement 4 DAVERAGE Function returns the average in the given cell for selected records which…

Q: Silver Star Realty Co. pays weekly salaries of $16,200 on Friday for a five-day workweek ending on…

A: The adjusting entries are very important so that Financial statements provides the true and fair…

Q: Table 1: Cost and Production Data for the ixing [Jadual 1: Data Kos dan Pengeluaran untuk Jabatan…

A: Under weighted average method all costs are assigned to the units of product produced . It is the…

Q: P3. (make or buy) Sam Company incurs the following costs in producing 10,000 covers. $20,000 Direct…

A: In making or buying decisions a comparison has to be made in manufacturing cost per unit and…

Q: On January 1, 20x1, an entity purchased marketable equity securities for P2,500,000. The entity paid…

A: As per PFRS 9, Financial instrument, If the equity instrument is designated as fair value through…

Q: 4. Company IR currently uses variable costing in presenting its income statement. In March 2020, the…

A: The variable costing system assunes only variable cost to be included in the product cost.

Q: depletion expense should be recognized for 2021? 550,000

A:

Q: Required Information TES-417 Inc. is a retailler. Its accountants are preparing the company's 2nd…

A: The purchase Budget is prepared to estimate the number of units to be purchased during the period.

Q: Inc. has a shoes and a shirts division. The company reported the following segmented income…

A: Total net operating income with Shirts = $0   Total net operating income without Shirts =…

Q: 2. A jacket which costs PhP1,350 is being sold at PhP2,025. What is the rate of mark-up based on…

A: >Markup is the amount of difference between Cost and the selling price of a product. >Cost is…

Q: On Jan. 1, 20x1, an entity has an outstanding note payable with carrying amount of P 1,000,000. On…

A: Introduction:- Notes payable is a liability account. It is a written promissory note. As per notes…

Q: Coburn (beginning capital, $56,000) and Webb (beginning capital $92,000) are partners. During 2022,…

A: Journal entries refer to recording of the events into the original books of accounts and it reports…

Q: The following items are reported on a company's balance sheet: Cash $350,000 Marketable securities…

A: Formula: Current ratio = Current Assets / Current liabilities. Division of Current liabilities with…

Q: *see attached  Determine the (a) premium expense and (b) estimated liability as of the reporting…

A: Premium (Gift) means the product given free of cost to the customer on fulfilling the certain…

Q: 2018 852,000 2017 912,000 Stal revenue expenses. osts of goods sold 402,000 $ 408,000 264,000 10,500…

A: The horizontal analysis is performed to compare the financial results of two different years.