rual profit
Q: Sales Cost of goods sold Gross Profit Operating expenses P800,000 480,000 320,000
A: Formula used: Each line item value % = ( Each line item value / Sales value ) x 100
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A: Service department costs are the indirect costs to units produced and therefore these are known as…
Q: Martinez Co. borrowed $69,589 on March 1 of the current year by signing a 60-day, 6%,…
A: A journal entry is a type of accounting entry that is used to record commercial transactions in a…
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A: Cash Flow Statements: The amount of cash and cash equivalents entering and leaving a company is…
Q: Plz solve i ,and j part only and plz solve handwritten not on excel plz (only by hand) and solve…
A: The answer is stated below:
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A: Introduction:- The following basic information as follows under:- Net assets - P169,000 Kobe,…
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A: Lets understand the basics. Contribution margin is a margin generated from the sales. Contribution…
Q: A businessman needs P50,000 for his operations. One financial institution is willing to lend him the…
A: Loan Requirement = 50,000 Time Period (N) = 1 year
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A: The documentary stamp tax is a tax that is charged on the sale or purchase of the property. This is…
Q: Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 269,610…
A: Direct Material: The term "direct material" refers to the tangible components that go into the…
Q: Charles and Clement are partners with capital balances of P 24,500 and P 15.500, respectively. The…
A: The profit and loss on realisation is distributeed to parners in PSR ( profit sharing ratio) and…
Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…
A: PV=FV11+rn=$70011+4.54×1004×3+$500011+4.54×1004×5=$612.062293+$3997.59977=$4609.66206=$4609.66
Q: Martinez Co. borrowed $69,589 on March 1 of the current year by signing a 60-day, 6%,…
A: Introduction: Journals: Each and every business transactions are to be recorded in journals. All the…
Q: On December 31, 2021, Precious Company sold an equipment with carrying amount of P2,000,000 and…
A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: A company shows a $300 balance in Prepaid rent in the Unadjusted Trial Balance columns of the…
A: The unadjusted balance has a prepaid rent is $ 300. However, an adjustment of $ 150 is made to…
Q: 19. If Charlie received P 2,000 from the first distribution of cash, how much did Bruce and Demi…
A: As per our protocol we provide solution to the one question and you have asked three multiple choice…
Q: Q5 The Sleep Company had the following operating results for 2021-2022. In addition, the company…
A: Return on equity is calculated by following formula: Return on equity = Net income/Average…
Q: APPLICATION The following adjusted trial balance accounts were taken from the records of Jaunty…
A: All nominal nature accounts are closed by Income Statement or Income summary. The personal nature…
Q: P25,000 for Vicky and P18,000 for Cynthia, with the remainder divided 60% to Vicky and 40% to…
A: Partnership Net Income before giving salary = P 68000 (-) salary to Vickey…
Q: The Thomlin Company forecasts that total overhead for the current year will be $11,132,000 with…
A: The original cost of machine overhead that has been allocated at = $11132000 / 166000 =…
Q: Last month, Laredo Company sold 450 units for $25 each. During the month, fixed costs were $2,520…
A: Formula: Break even point in Sales dollars = Break even point in units x sales price per unit
Q: The following is the Balance Sheet of Mohammed and Hamed who share profits in the ratio of 5:4.…
A: Notes: Let be Mohammed - 'A' ; Hamed - 'B' and 'Marwan' - 'C'. Adjusted to assets and liabilities…
Q: I) II) III) The principal value of the bond. Trade discount and trade present value. Correct…
A: The principal value of the bond T = 6 months = 0.50 years R = 10% annually Difference between trade…
Q: Mixing Company manufactured 2,200 units of its only product during 2022. The inputs for this…
A: Partial operation productivity is a measure where the output of the production unit is to a single…
Q: 17. The total cash distributed to the partners in the first installment was: a. P 12,500. C. P…
A: Here discuss about the details of total cash distribution which are made to the partners at the time…
Q: The management of Caribbean Juices has provided you with the following data on its Creamy Brand…
A: Variable cost is that cost that changes with the level of production. It is the difference between…
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A: Liquidation means where the business is shut down , assets are sold out and liabilities are paid…
Q: The management of Sheridan Company is trying to decide whether it can increase its dividend. During…
A: Free cash flow refers to the cash a firm generates after taking into account financial outflows to…
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A: The equivalent annual cost of maintenance (EAC) is the annual cost of maintaining an asset over its…
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A: The process of recording business transactions in the books of accounts for the first time is…
Q: Q12 Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of…
A: Contribution margin per unit=Selling price per unit-Variable cost per unit Contribution margin sales…
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A: Current account = Capital account + financial account
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A: A cash flow financial statement that outlines a company's cash inflows from operations to pay…
Q: Why did the solvency status of Mia did not affect the cash distributed to Kia? Why no.26 & no.27…
A: Solvency refers to the company ability for meeting the financial obligations as well as the long…
Q: Activity 2 Directions/Instructions: Journalize the business transactions of Coco Repair Shop and…
A: Advantages of use of ledger : It determines the result of each account. It shows the financial…
Q: Question 8 Al Bakara company report the following results for its calendar year December 31,2021.…
A: Introduction: A bad debt expenditure is a percentage of accounts receivable that your company…
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A: Sales mix variance reflects the difference between the planned and actual amounts. To calculate…
Q: ose, Bonl and Tony are partners with a profit and loss ratio of 5:41 The partnership is to be…
A: The partnership comes into existence when two or more persons agree to do the business and share…
Q: B Pia, Capital Jan. 1 200,000 Oct. 1 40,000 Apr. 1 150,000 Dec. 1 75,000 Profit of the partnership…
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Q: Item Nos. 26 to 28 are based on the following information: Kia, Lia, and Mia are partners sharing…
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A: Formula used: Manufacturing cycle efficiency = Process time / Throughput time. Division of…
Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
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A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: Define transfer pricing and elaborate on FOUR (4) of its purposes.
A: Transfer pricing :- When Goods are transferred from one division to another divison under same…
Q: A manufacturing company applies factory overhead based on direct labor hours. At the beginning of…
A: Predetermined Overhead Rate = Estimated factory overhead costs / Estimated direct labor hours =…
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A: The payback period method is used to appraise various capital investment projects. It uses the cash…
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A: As per the guidelines, the answer for the first question is given, for obtaining the answer to the…
what is the difference between Cash and Accrual profit
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