Which of the following is not a general ledger account? Net income Revenue Dividends Unearned revenue

Q: of P100,000, and a h profession. The husbar ck of a domestic corp- e of shares, P5,000; a er of the…

A: Gross income is the income which has been earned by the person during the year and gross income for…

Q: PROBLEM: On January 1, 2022, Trevor Co. sells goods with a list price of P1,000,000 on account under…

A: Sales terms refer to the amount for which the goods are sold or services are rendered. the sales may…

Q: Items 2 - You can keep on answering this seatwork and use it as a reviewer for quizzes and exams,…

A: Basic Earnings per share is the Net Income per common share that can be allocated to the common…

Q: e $67,000. P Ltd sold inventory of $109,000 to S Ltd on 1 Ju

A: Consolidation is a process of showing all the financial statements of the parent and the subsidiary…

Q: Pedro Reyes purchased a delivery vehicle on January 1, 2016 amounting to PHP250,000. It is estimated…

A: Lets understand the basics. Depreciation is a reduction in value of asset due to wear and tear,…

Q: . In 2018, Delta Corporation bought a condominium unit on installment for the use of its executive.…

A: GIVEN    In 2018, Delta Corporation bought a condominium unit on installment for the use of its…

Q: SLO-1.3. The business entity concept means that OThe owner is part of the business entity. OAn…

A: Introduction:- Accounting concepts used by the organisations for the purpose of uniformity and…

Q: Montello Inc. purchases a delivery truck for $14,000. The truck has a salvage value of $2,000 and is…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: Problem 9-6 Estimated Payments (LO 9.2) Kana is a single wage earner with no dependents and taxable…

A: A tax is a governmental organization's mandatory financial obligation or other form of levy enforced…

Q: 3. Omega Corporation purchased a motor vehicle worth P1,400,000 for the use of its executive. It was…

A: Fringe benefit tax is a type of tax, which is levied on the employees for the fringe benefits that…

Q: on the 4. Partnership Activities. (Obj. 2) Indicate how each of the following items is reported…

A: Partnership taxable income is the one which is to be paid by the partners as per the percentage…

Q: Variable cost ratio is 60%. While breakeven ratio is 65%. Net income is P42,000. Fixed cost must be

A: Break even point= fixed cost / contribution   Contribution ratio = fixed cost /65% Given variable…

Q: Jain Enterprises honors a short-term note payable. Principal on the note is $425,000, with an annual…

A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

Q: Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented…

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

Q: Gordon Helps and Associates Company makes two products. Information regarding one of those products…

A: Cost is the amount incurred on the making of a good. It includes the cost incurred on production as…

Q: Shue, a partner in the Financial Brokers Partnership, has a 30 percent share in partnership profits…

A: Net Income of the partnership is calculated by subtracting total expenses from total revenues.…

Q: -1,000 -1,200 -1,300

A: Given; First cost of equipment= $17500 Year Operating cost Salvage value 1 -1000 7000 2…

Q: Martinsburg Town Partnership has two equal partners with capital accounts and outside bases as…

A: A partnership is a type of business run by the partners like two or more individuals, in an…

Q: Andy Company records its purchases at gross but wishes to change to recording purchases at net.…

A: WHEN PURCHASES ARE RECORDED USING THE NET METHOD , PURCHASES AND ACCOUNTS PAYABLE ARE RECORDED AT AN…

Q: On January 1, 2011, Mormont Company issued 9% bonds in the face amount of P2,500,000 which mature on…

A: Premium (discount) upon issuance of bonds = Issue value of the bonds - Face value of the bonds…

Q: If a business had sales of $3,894,000 and a margin of safety of 20%, the break-even point in sales…

A: Introduction: Break even point: The point where there is no profit nor loss to the company for the…

Q: Zoe Corporation has the following information for the month of March. Cost of materials used in…

A: GIVEN   Cost of direct materials used in production   $16,958 Direct labor  $27,539 Factory overhead…

Q: On January 2, 2021, Harlan Company purchased a patent for $48,000. The patent has an estimated…

A: A patent appears to be a legal privilege awarded by a sovereign authority to an inventor. In…

Q: Pocono Cement Forms expects $1,120,000 in overhead during the next year. It does not know whether it…

A: Predetermined overhead rate = Expected overhead / Anticipated direct labor hours  Or Predetermined…

Q: rrently operates in Trinidad. The company is considering setting  up another location in either…

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

Q: 10. Horizontal analysis is a technique to compare company's financial condition over a period of…

A: 1. Horizontal analysis - Horizontal Analysis is part of the analysis in which individuals get the…

Q: On January 1, 2022, Fancy Co issued $100,000 in 10 year bonds. The bonds have a stated rate of 5%…

A: This question relates to bond amortization journal entries.

Q: 5. Partner's Distributive Share. (Obj. 3). income of $68,000 for the current taxable year. Helen's…

A: A tax return seems to be a document or forms that are lodged with a tax authority and discloses…

Q: Match the following with the best mode of entry Fashion Label [Choose ] + Fast Food Operator [Choose…

A: Basic  concept of Accounts and business

Q: Dianne Company’s accounts payable at December 31, 2020 totaled P25,000,000 before any necessary…

A: The account payable represents the amount due to the suppliers of the business.  The account payable…

Q: The Service Department determined their budget formula to be $140,000 fixed cost monthly plus $150…

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

Q: Calculate the depreciation expense in the year of 2014 by using Straight line method Asif Company…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: 13. Inventory turnover is gene a more important ratio for a manufacturing firm than a service firm O…

A: Financial ratios are computed to test profitability, short-tern solvency, long-term solvency and…

Q: Pork Company's accounts payable at December 31, 2020 totaled P20,000,000 before any necessary…

A: Accounts Payable: It is a  commitment by an organization  to pay its creditors (as money related…

Q: 56. What is the gross profit to be reported by the Filipino entity for the year ended December 31,…

A: As per our protocol we provide solution to the one question only but you have asked two multiple…

Q: - Bianca Capital issued 500, $1,000 convertible bonds at 103. Each bond will be converted to 10…

A: Bonds are high-risk financial instruments that allow a corporation to raise funds and fulfill…

Q: Selling price (per unit) Units in opening inventory Units manufactured Units sold Units in closing…

A: Marginal costing method: It is also called the Variable costing method. In this method, all the…

Q: Debit Credit Accounts Receivable 5,000,000 Allowance for doubtful accounts before adjustment 50,000…

A: Doubtful Debts expense = Sales x doubtful debts as a percentage of sales Doubtful debts expense =…

Q: Using the following information, prepare a bank reconciliation_ • Bank balance: $7,651 • Book…

A: Introduction: Bank reconciliation statement: To Reconcile the balances between Bank book and Cash…

Q: The following data were taken from the financial statements of Hunter Inc. for December 31 of two…

A: Ratio analysis means where the various ratio can be found out with different name and meaning and…

Q: Using the following information, prepare a bank reconciliation. • Bank balance: $4,587 • Book…

A: Introduction: Bank Reconciliation statement: To reconcile the differences between bank book and cash…

Q: The auto repair shop of Quality Motor Company uses standards to control the labor time and labor…

A: Formula: Labor rate variance = (Actual hourly rate  - Standard rate per hour)*Actual hours worked…

Q: In the year 2020, kim plastics sold 100,000 units of its product. Selling price per unit was 100.…

A: Formula: Operating income: Deduction of variable costs and fixed costs from the sales revenue…

Q: Gold Estate is in the business of leasing new sophisticated equipment. As lessor, the entity expects…

A: Gross Investment in lease can be derived by using following formula: Gross Investment = (Lease…

Q: From the following information prepare the sale and leaseback agreement for Steven and CO. On…

A: A sale and lease back agreement is a contract between two parties where one party sells an asset to…

Q: a. Purchased 5,400 shares of its own common stock at $29 per share on October 11. . Sold 1,100…

A: A Journal entry is a primary entry that records the financial transactions initially. The…

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

A: 1. Accounting Equation - Accounting Equation is calculated using following equation - Assets =…

Q: Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic…

A: The cost of goods sold is calculated as difference between cost of goods available for sale and…

Q: Compute the ending inventory on a dollar-value LIFO basis for each year, 2020 through 2023.

A: LIFO is the method which has been used by the company in determining the valuation of the goods and…

Q: es payable inc P3 million, 10% onths. one-year term

A: Current Liabilities:

Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.