Determine the capitalized cost of a resear construction; P100000 at the cost of every y hereafter for operating expenses and P5000
Q: On December 31, 2021, A&B Partnership has net income amounting to P350,450. Adjustments and correcti...
A: Adjustment to Net Income: Amount (P) Insurance expense account has a debit balance of P...
Q: Sycamore, Inc. purchased €100,000 of 8 percent bonds of Alvarado Industries on January 1, 2022, at a...
A: When you own an asset that has deteriorated in value but do not sell it to realize the loss, you hav...
Q: Help me with question b) only Ratio calculations:
A: Ratio Analysis The Purpose of preparing the Ratio Analysis is to measure the strength and weakness o...
Q: Match each phrase with its definition. 1. Seller's description of a cash discount granted to buyers ...
A:
Q: PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of ...
A: Calculation of WACM So the contribution from Oil changes= 60%*25%= 0.15 So the contribution from Br...
Q: The following information has been obtained for Sheridan Corporation. 1. Prior to 2020, taxable inco...
A: Calculation of taxable income 2021 Particulars Amount Pretax financial income 1,359,000 Less:...
Q: At December 31, 2020 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 p...
A: Solution: Outstanding common shares on Dec 31, 2020 = 300000 shares Outstanding common shares on Dec...
Q: Job 456 manufactured 12,000 units that were completed in February at unit costs presented as follows...
A:
Q: INCOME STATEMENT JUST STUFF, INC. FOR THE YEARS ENDED DEC. 31 2019 & 2020 2019 2020 Sales Revenue P2...
A: 1. Vertical Analysis - The Statement of Financial Position - The statement of financial position is ...
Q: Determine the amount paid to settle the following invoice. Invoice amount = $4,602.00 Payment terms ...
A: Invoice- An invoice is a time-stamped business certificate that itemizes and records a transaction a...
Q: During the year, the ABC partnership’s operations generated a loss. The partnership agreement provid...
A: Solution: Share of loss of partner A = P8,000 Salary and interest to Partner A = P2,000 + P15,000 = ...
Q: The standard quantity allowed for the units produced was 4,500 pounds, the standard price was P2.50 ...
A: Standard quantity allowed for actual production =4500 pounds Standard quantity per unit = 1 pound
Q: The following totals for the month of June were taken from the payroll register of Arcon Company: S...
A: Journal is the book of original entry in which all the transactions of the business are recorded ini...
Q: At December 31,2020, a firm is evaluating a contingent liability as part of their annual financial r...
A: Contingent liabilities are the amount of obligation which depends on the uncertain future event that...
Q: Debit Credit Cash $33,590 Journalize the adjusting entries. (Credit account titles are automatically...
A: The question is based on the concept of Financial Accounting.
Q: Wet Dry Unit after split-off 1,600 800 Sales price per unit P200 P400 Further process costs P100,000...
A: Answer) Calculation of Joint Costs Allocated to Product Wet using Net Realizable Value Method Joint ...
Q: Chloe Enterprises operates a single-product entity. Data relating to the product for 2016 were as fo...
A: MOS stands for margin of safety refers to the investing principle under which investor purchases sec...
Q: The stockholders’ equity section of Sweet Corporation appears below as of December 31, 2017. 8% p...
A: Earnings per Share - Earnings per share is the income earned by the company to the shareholder's of ...
Q: The net income of Zia company for the year ended December 31, 2018 amounted to P5,600,000. Determin...
A: The non cumulative preference dividend is not cumulated for any past year dividend undeclared.
Q: B1,B2,B3 are partners with average capital balances during 2021 of P945,000 P477 300 and P324,700, r...
A: The partnership comes into existence when two or more persons agree to do the business and further s...
Q: Partners A, B, C and D are partners of ABC Partnership who shares profits and losses in the ratio of...
A: Calculation of Net Income after deduction of Salary and Bonus Net Income after Salary and Bonus = P ...
Q: Which statement is incorrect regarding other comprehensive income?
A: Other comprehensive income is the income which the company has not yet earned but yes will be earned...
Q: What is Basis of accounting
A: The system by which revenues and expenses are recognized in a company's financial statements is refe...
Q: A business owned by A1 was short of cash and she decided to form a partnership with A2, who was ...
A: The fair value of net assets of A1 is P 761,000. The cash contribution of A2 will be 1.50 times of f...
Q: Lone Star Company is a calendar-year corporation, and this year Lone Star reported $122,000 in curre...
A: Captain Gain is a source of income gained from the profit from the sale of property or an investment...
Q: ons occurred during the year ending De ed company called BETA Ltd. A acquired equipment valued at $4...
A: A January 1 The Asset account, Equipment, increases by $490,000. The Stock account increases by $490...
Q: Oslo Company prepared the following contribution format income statement based on a sales volume of ...
A:
Q: Jillian Inc. manufactures and installs customized equipment. On January 1, 2021, Jillian entered int...
A: ANSWER IFRS 15 establishes the principles that an entity applies when reporting information abou...
Q: You are 20 years old. You want to retire at age 65 (45 years) with $1,000,000. You can invest your m...
A: Future value required (FV) = $1,000,000 Interest rate = 6% Monthly interest rate (r) = 6%/12 = 0.50%...
Q: December 31. Garcon Реpper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43...
A: The prime cost comprises of direct material and direct labor cost. The conversion cost comprises of ...
Q: What is the audit assertion underlying the tracing procedure?
A: Tracing is the opposite of vouching. In vouching, process started with accounting records and flow t...
Q: Zea Company’s Job 888 manufactured 13,750 units that were completed in February at unit costs presen...
A: Unit cost of good units = (Total cost incurred - Realizable value of spoiled units) / No. of good un...
Q: Moustapha transfers a capital asset with a $20,000 adjusted basis to X Corp in a Section 351 transac...
A: Basis = value of capital asset x fair market value of share in B stock/ total fair market value of s...
Q: sing the financial information is presented below: Operating Expenses $ 55,000 ...
A: Formula: Gross Profit = Net Sales – Cost of Goods Sold Gross Profit = (Sales – Sales returns and all...
Q: During the year, the ABC partnership's operations generated a loss. The partnership agreement provid...
A: Solution: A partnership is a contract between two or more person to undertake business operations an...
Q: Q.4 Whethera company uses process costing or job-order costing depends on its industry. A number of ...
A: Job costing refers to the method of costing which is used while calculating the cost of a special or...
Q: Evaluate the ethical issues related to the payment of income taxes. in other words, if there is a le...
A: Tax saving is the option which the taxpayer uses in order to use the option and reduce the amount of...
Q: According to Statistics Canada population projections, visible minorities could account for over of ...
A: We have to find correct answer from given options.
Q: Download Schedule D of 1040, given the following information, complete through part III of Schedule ...
A: Tax Credit- A tax credit is a tax benefit that taxpayers can take advantage of while paying their t...
Q: -X, Y, and Z formed a partnership on Jnauary 1, 2021, and contributed P150,O0; P200,000; P300,000, r...
A: Months X capital Y capital Z Capital January 150000 200000 300000 February 150000 20000...
Q: A person entoring into a partnership is only liable for debts or eligible for profits from the date ...
A: Partnership is one of the agreement between two or more than two persons in which they invest their ...
Q: How much of the 2021 capital loss can X Corp carry over to 2022?
A: Capital loss refers to the loss which is incurred due to the decrease in the value of capital assets...
Q: missal and the legal counsel determined that it is remote that SBMA will become liable in a reliable...
A: 1) P2000000x50% = P1000000 P 5000000 x 30% = P 1500000 P 10000000x 20% = P2000000 ...
Q: The price of a commodity increased by 5% from 2014 to 2015, 8% irom 2015 to 2016 and 77% from 2016 t...
A: For the purpose of the average increase in the price of a commodity over a period of time, per year ...
Q: PA2. LO 6.1 Record journal entries for the following transactions of Barrera Suppliers. A. May 12: S...
A: The procedure of entering commercial transactions for the first time in the books of accounts is kno...
Q: Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the g...
A: The overhead rate is calculated as estimated overhead cost divided by base activity. The cost per un...
Q: The standard number of hours that should have been worked for the output attained is 10,000 direct l...
A: Direct labor rate variance = Actual hours ×[Actual rate - standard rate]
Q: Job 123A has total cost assigned P24,000 which includes direct materials cost of P6,000. The factory...
A: Conversion cost = Total cost - Direct material cost = P24,000 - P6,000 = P18,000 Conversion cost ...
Q: On May 10, Bramble Corp. issues 1,200 shares of $7 par value common stock for cash at $12 per share....
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....
Q: A high-precision programmable router for shaping furniture components is purchased by Henredon for $...
A: Purchase price = $190,000 Expected life = 12 years Salvage value = $5,000
Step by step
Solved in 2 steps
- A water Reservoir will have a first cost of Php 10,000,000,000, an annual maintenance cost of 35,000,000, and minor reconstruction costs of 3,000,000 every five years. What the capitalized cost of the reservoir at an interest rate of 10% per year?A water pipeline system is installed in an industrial site that requires ₱12,500,000 initial investment. The pipeline network is expected to require a major upkeep that costs ₱606,000 every 3 years and pipe replacements at an estimated cost of ₱1,000,000 every 17 years. What is the capitalized cost of the pipeline project if prevailing annual interest is 9%?A dam will have a first cost of P250,000,000, an annual maintenance cost of P1,250,000 and minor reconstruction costs of P518,546 every five years. At an interest rate of 0.09 per year, what is the capitalized cost of the dam in pesos?
- Calculate the capitalized cost of a project that has an initial cost of Php 3,000,000 and an additional investment cost of Php 1,000,000 at the end of every 10 years. The annual operating cost will be Php 100,000 at the end of every year for the first four years and Php 160,000 thereafter. In addition there is expected to be recurring major rework cost of P300,000 every 13 years. Assume i= 15%.Salalah Methanol Co. has bought some new machinery at a cost of 1250000 OMR. The impact of the new machinery will be felt in the additional annual cash flows of 375000 OMR over the next five years. What is the payback period for this project? If their acceptance period is three years, will this project be ?ассepted اخترأحد الخیارات a. 2.82 years, yes O b. None of these O c. 2.53 years, yes d. 3.33 years, no O e. 3.84 years, no OThe following are the costs for one of the alternatives to construct a new bridge: Construction cost = $2200000 M Annual Maintenance cost = $48000 Renovation cost = $800000 every 15 years Based on an interest rate = 5% per year, what is the capitalized cost of this alternative? M R
- A project has an initial investment of $45,000. This project needs an annual spending of $6,000 to generate an annual revenue of $18,000 for six years. Moreover, the project is expected to return $12,000 as a salvage value at the EOY 6. Calculate the AW using MARR of 10%A town is deciding whether to invest in a new recycling truck. The truck will cost ₱125,00 and will be used for 10 years, at which time it is estimated that it will have a salvage value of ₱40,000. Maintenance costs are estimated to be a uniform gradient of ₱1,000 starting from year 2. Assuming a MARR of 18% per year, what is the annual capital recovery for the truck?A machine is to be purchased for Php155,000; it has an estimated life of 8 years and a salvage value of Php 6,000. A sinking fund is to be established so the money will be available to purchase a replacement when the first machine wears out at the end of 8 years. An amount of Php13,030 is to be deposited at the end of each year during the lifetime of the first machine into the sinking fund. The interest rate (%) this fund must earn to produce sufficient funds to purchase the replacement machine at the end of eight years is closest to?
- What will be the equivalent uniform annual amount that will be deposited in a bank for 15 years that will be replaced the capitalized cost of a project with the following cost; The initial cost is P2,000,000 and an additional cost of P500,000 at the end of every 5 years. The annual operating costs are P100,000 at the end of every year for the first 6 years and P160, 000 thereafter. In addition, there is expected to be a major repair work cost of P300, 000 every 13 yrs. Assume i =15%.The average annual cost of damages caused by floods to a certain subdivision located along Pasig River is estimated at Php 700,000. To build a gravity dam to protect the area from floods, would cost Php 2.5M and would involve an annual maintenance cost of Php 20,000.00. With interest rate at 8% compounded annually, how many years will it take for the dam to pay for itself?XYZ is evaluating a project that would require the purchase of a piece of equipment for $580,000 today. During year 1, the project is expected to have relevant revenue of $756,000, relevant costs of $199,000, and relevant depreciation of $136,000. XYZ would need to borrow $580,000 today to pay for the equipment and would need to make an interest payment of $30,000 to the bank in 1 year. Relevant net income for the project in year 1 is expected to be $322,000. What is the tax rate expected to be in year 1? A rate equal to or greater than 19.95% but less than 24.42% A rate equal to or greater than 28.03% but less than 37.53% A rate equal to or greater than 37.53% but less than 51.10% A rate equal to or greater than 24.42% but less than 28.03% A rate less than 19.95% or a rate greater than 51.10%