The VAT on government is described as a final withholding system creditable system no answer is correct O both answers

Q: merchandise to

A: Given: Accounts receivable $109,000 doubtful accounts $10,000

Q: Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales fo...

A: The production budget is typically formed from a mix of the demand forecast and the intended amount ...

Q: a. Using the least squares method, develop the equation for predicting weekly receiving report costs...

A: Variable cost: Variable cost is one of the component of total cost that variates with the change in ...

Q: Explain how bushfire calamities may affect a bank's loan portfolio. Carefully consider direct and in...

A: The loan portfolio seems to be the total value of all loans given by the bank to persons and compani...

Q: Schylar Pharmaceuticals, Inc., plans to sell 120,000 units of antibiotic at an average price of $18 ...

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get...

Q: TABLE 9.4 Forecast Incomo Yoar: 1 4. statomont for tho U.S. Navy duffol canvas projoct (dollar figur...

A: Net Present Value=(Present Value of Cash Inflows-Present Value of Cash Outflows)

Q: survive. In addition to death, however, one could also say that self-sufficiency is boredom or ignor...

A: Trade is considered  beneficial for   people across the globe as they help the consumer to choose th...

Q: review of interim financial statements or information is not a common type of review engagement. TRU...

A: A review engagement is an activity that provides assurance that no major modifications are made to t...

Q: Pebble Beach Company buys a piece of equipment for $51,000. The equipment has a useful life of six y...

A: Depreciation expense refers to the fall in the value of the asset due to time usage, wear and tear, ...

Q: Financial data for Joel de Paris, Incorporated, for last year follow:   Joel de Paris, Incorporate...

A: Solution  Calculation of Total operating assets-   Beginning balance Ending balance  Cash 12800...

Q: ABC Corporation presented the following information in its 2021 statement of financial position: Co...

A: Journal entry is the first step in recording financial transactions in the books of the company. It ...

Q: Make a journal entry for both of these bonding actions. Be sure to include relevant infomation like ...

A: Bond Issued: Corporate bond issuance is one method of raising capital for a company. A bond serves t...

Q: On January 1, 2020, Abbey acquires 90 percent of Benjamin's outstanding shares. Financial informatio...

A: Calculation of income tax expense and income tax payable in case:  if Abbey and Benjamin file a con...

Q: Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns...

A: FOB Shipping Point-indicating that the buyer must pay to get the goods delivered. FOB (Freight on Bo...

Q: A company purchased a computer system on January 1, 2021 for S1,600,00 and sold it one year later on...

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

Q: The Biscuits division (Division B) and the Cakes division (Division C) are two divisions of a large,...

A: ROI and RI are used to evaluate the performance of the company base on the investments employed into...

Q: Last month, senior management decided to recharge head office costs to the divisions. Consequently, ...

A: An operating budget is a detailed prediction of a company's revenue and expenses over a set period o...

Q: Undeclared dividends (in arrears) to cumulative preferred stockholders must be filed to. in the note...

A: Dividends are payments made by a company to its shareholders in the form of cash, stock, or other pr...

Q: You borrow money on a self liquidating installment loan (equal payments at the end of each year, eac...

A: A self-liquidating loan seems to be a sort of short-term loan wherein the borrowed money has been us...

Q: A credit sale of $3,600 is made on July 15, terms 2/10, n/30, on which a return of $200 is granted o...

A: 2/10 net 30 means 2% discount will be there if payment is made with in 10 days and no discount after...

Q: I. DIRECT COST AND OVERHEAD COST VARIANCE ANALYSIS Goldilock Inc. produces safe deposit boxes. Durin...

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

Q: On June 30, 2021, when ABC Co. stock was selling for $65 each, the equity accounts had the following...

A: Stock dividend refers to the shares that are distributed by the company as a dividend to the existin...

Q: Financial information for three independent cases is given below.                                   ...

A: The accounting equation, often recognized as the balance sheet equation, serves as the foundation fo...

Q: AA and BB are parthers who have capital of P600,000 and P480,000 sharing profits in the ratio of 3:2...

A: Bonus method gives the additional capital to the incoming partner in case of goodwill brought by the...

Q: Below is information related to ABC Corporation: Co

A: It refers to the individuals that provide liquidity to the company and in return, the company offers...

Q: QUESTION 13 The most common practice is a variation of the: O a. residual theory of dividends O b.co...

A: A dividend policy is the policy an organisation (company) uses to structure its dividend payout to s...

Q: The following cost have been estimated based on sales of 30,000 units Direct materias P300,000 (100...

A: Contribution margin = Total sales - Total variable costs where, Total variable costs = Direct materi...

Q: Euclid acquires a 7-year class asset on May 9, 2021, for $80,000 (the only asset acquired during the...

A: Calculation of cost recovery deduction are as follows

Q: On January 1, 2021, PORKING acquired majority of SAPER’s outstanding voting stocks. On that day, the...

A: Consolidation In the Consolidation procedures parent company acquired more than 50% shares of the su...

Q: A labor saving device system save $2.000 per year for five (5) years. It can be installed at a cost ...

A: The rate of return on planned investment = IRR of the project

Q: At the beginning of the year, Cazenovia, Inc. entered into a five-year lease for equipment that was ...

A: Explanation:   REQUIRED:   What is the total expense if straight-line amortization is used for the l...

Q: rovide the missing data in the following table for a distributor of martial arts products:       A...

A: By applying this 3 formula   Sales Formula = Turnover x Average operating asset  Net operating incom...

Q: 3. NASA is considering two materials for use in a space vehicle. The costs are shown beloW. Which sh...

A: Present Worth=-Intial cost-Annual cost×(P/A,i,n)+Salvage value×(P/F,i,n)

Q: Partners Mel and Jay each have 200K capital balance and share profit and loss in a ratio of 3:2 resp...

A: The liquidation is a situation where existing partnership comes to an end.

Q: Break-Even in Units and Sales Dollars, Margin of Safety Drake Company produces a single product. La...

A: Contribution margin per unit = Contribution margin / Number of units Contribution margin ratio = Con...

Q: The corporation records included the following shareholders equity accounts: Preference share par150...

A: Issued and outstanding shares is equal to total shares issued and whit are outstanding till year end...

Q: On 30 June 2019, TIE Ltd acquired a machire for $180 000 cash, with an expected useful life of 9 yea...

A:

Q: Blake’s Blacksmith Co. produces two types of shotguns, a 12-gauge and 20-gauge. The shotguns are mad...

A: Joint cost allocation, a methods for allocating the costs of fundraising activities when conducted c...

Q: January 3 Purchased equipment for $55000, paying $45000 in cash and signing a 10000, 4-month, 10% no...

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

Q: Hey, can I please be helped with the following task and please show calculations on how you got the ...

A: Journal Entries

Q: On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,500, terms...

A: Formula: Discount amount = Service amount x Discount rate

Q: Desert State University installed a HD video board with an invoice price of $5,000,000 in its footba...

A: Cost refers to the amount incurred for acquisition of a good or service having value.

Q: urin Ltd has been asked to give a quote for making a large piece of​ earth-moving equipment. The ord...

A: A relevant cost is a cost that only relates to a specific management decision, and which will change...

Q: Problem 23-17 (IAA) retained earnings on December 31, 2020? During the current year, the following c...

A: Unappropriated Retained Earnings are the portion of the retained earnings which are not kept for any...

Q: In January 2014, ABC Corporation, a new corporation, issued 10,000 shares of common stock with a par...

A: Share Repurchase or Share Buyback means  when company buy backs it's share from the investors. The c...

Q: Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Inco...

A: Answer) KORBIN COMPANY Common -Size Comparative Income Statements For the Years Ended De...

Q: Effect of Errors on Adjusted Trial Balance For each of the following errors, considered individually...

A: The adjustment entries are prepared to keep the record of day to day transactions of the business. 

Q: following account balances: Sales - P120,000; Cost of goods sold - P60,00O; Salary expense P10,000; ...

A: The income before tax is calculated as income before deduction of any income tax on the income.

Q: Cash dividends are paid based on the number of shares to. outstanding. b. issued (issued). C. author...

A: Dividends is paid to the share holders for the money which is being invested in the company as share...

Q: Explain the following terms. Include the definition, how they are calculated, treated in the account...

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