The converted daily compensation rate of Anna is P2,000. On top of her salary, she receives a daily meal allowance of 20% of her basic daily rate, daily transportation allowance of P50.00 and daily communication allowance of P30.00. How much should be reported as regular compensation for Anna? * O P2,000 P2,400 P2,450 P2,480
Q: before-tax yearly income of $203,000 and has no debt outstanding. Expanding Hemingway Corporation is...
A: The formula to calculate tax liability is - Tax liability = EBT * Tax rate where, EBT is Earning bef...
Q: Parent own 100% of Sub. On the open market parent bought all bonds of the Sub for Sa0o,000 on Jamuar...
A: In this question ,we ae given with Interest Expense = 40,000Interest Revenue = 37,000Explanation:Int...
Q: ABC Company is an operator of service equipments for overseas communications / calls. During the 3rd...
A: Percentage tax due is the indirect tax which is calculated on the gross receipts or gross sales. Per...
Q: d) Prepare Columbus Ltd classified balance sheet at July 31, 2021. e) Prepare the closing entries f)...
A: Balance Sheet In the preparation of balance sheet it includes two sides one is Assets and another is...
Q: Clara Company purchased equipment for P5,000,000 on January 1, 2021 with a useful lite of 10 years a...
A: Recoverable Value of the Equipment on December 31, 2022 = Fair Value - Cost of disposal ...
Q: (LG 7.3) Freeport Brothers have recently purchased a process management system. Cabling installed in...
A: According to the given question: Data Collection nodes : =(4,500×3)+6,000+648+188+5,950+1950+200+150...
Q: Average corporate tax rates Ordinary income in 2017 was taxed subject to the rates shown in the acco...
A: Pre tax Income Level $ 19,800 $ 70,800 $ 302,000 $ ...
Q: Shown below are the unit information and a summary of the costs charged to a production department o...
A: To ascertain the costs of finished goods and ending work-in-progress, we need to calculate the equiv...
Q: Parent Subsidiary Sales P250,000 P60,000 Cost of Goods Sold 120,000 12,000 Depreciation Expense 10,0...
A: Following is calculation of imputed value of the subsidiary
Q: Maria Clara Company carried a provision of P4,000,000 in the draft financial statements for the year...
A: The total final damages to be paid by the company is P6000000
Q: Ron's basis in his stock is $4,000. The corporation has E&P of $5,000 and distributes $6,000 to Ron....
A: Companies pay dividend out of its current profits and earning and accumulated (if any). Dividend in...
Q: Smith invested P 35,000 cash to start the business 2. Purchase 350 of office supplies on account 3. ...
A: The question is based on the concept of Financial Accounting. Accounting equation is the statement t...
Q: The DEF Corp has $3,000 of accumulated E&P and $18,000 of current E&P. It distributed $5,000 on Febr...
A: ANSWER A company has two Earnings & Profit accounts: Current earnings and profit (E&P) – f...
Q: Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $20 per un...
A: Formula: Contribution Margin ratio = Contribution margin / sales
Q: Vanquish, Incorporated, a C Corporation, had the following items of income and expense during 2021.
A: C Corp is a corporation in which shareholders are taxed seperately from t...
Q: A firm has directly placed an issue of commercial paper that has a maturity of 60 days. The issue so...
A: Annual interest rate is 12% Commercial paper issue amount = P 980000
Q: Part 1 What is a "brand"? Why is it imporțant for companies to establish a brand identity? Part 2 Ho...
A: Brand: A brand is an intangible marketing or commercial idea that allows people to recognize a firm,...
Q: On the first day of the fiscal year, a company issues a $500,000, 8%, 10-year bond that pays semiann...
A: Solution:- Given, Company issues =$500,000, 8%, 10-year bond that semiannual Interest = $20,000 ($5...
Q: Net income was $520.000 in 2020. S452.400 in 2021, and $524,784 in 2022. What is the percentage of c...
A:
Q: The National Co. has a revolving line of credit of P300,000 with a one-year maturity. The terms call...
A:
Q: Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a...
A: The U.S. Federal tax rate for year 2021 for corporates is 21%. It is a tax rate calculated on net in...
Q: ssets Cash 100,000 Accounts receivable 600,000 Inventory 900,000 Equipment, net 400,000 total 2...
A: Assets are resources that are controlled which results from prior transactions that are expected to ...
Q: You deposited PHP5,500 in a bank with an interest rate of 6% for l year. What is the uture value of ...
A: Deposited amount (PV) = PHP5,500 Interest rate (r) = 6% Period (n) = 1 Year
Q: Problem 4. Masagana Corporation has a PI,500,000 credit balance of Accumulated Profits (Losses) in 2...
A:
Q: Lucus Laboratories' last dividend was $1.50. Its current equilibriuem st- expected to grow at a cons...
A: The dividend yield is a kind of financial ratio that tells about the shares price percentage of a co...
Q: A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue...
A: A contribution income statement is a tool of cost volume profit analysis. It is used for analyzing s...
Q: handbags at an average of 3,30 120 and 2021 are as follows Actual production (units) 2,400 100 T00
A: Absorption costing refers to the process of computing the expenses regarding a product using its ind...
Q: Question 29 Experience rating removes the incentive to _______, the practice whereby insurance comp...
A: An experience rating compares the amount of damage suffered by an insured person to the amount of da...
Q: A bond pays a coupon of $39 twice a year. What is the coupon rate? Answer as a percent.
A: Coupon rate = total coupon amount paid in a year/face value of the bond
Q: Maximum Annual Contributions to IRAS. H and W file a joint tax return. W is a lawyer with current-ye...
A: Contribution to IRA [Individual Retirement Accounts] are done for two purposes i.e. for retirement b...
Q: The following are facts about a company's activities: Cash flows from operating activities was $33,0...
A:
Q: SAN JOSE Airlines, a domestic carrier had the following gross receipts for the month of July 2018: c...
A: Other percentage tax (OPT) is levied on individuals or entities involved in the business of sale of ...
Q: Which of the following qualifications is NOT a prerequisite for becoming a licensed agent? a. being ...
A: A town clerk, government agency or corporate executive, government entity, firm, or organization tha...
Q: Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the next f...
A: Production budget is an estimate of units to be produced in a future accounting period. The preparat...
Q: Interest versus dividend income Depot Logistics Inc. has declared pretax income from its operations ...
A: Since you have posted question with multiple sub-parts , we will do the first three sub-parts for yo...
Q: Lenox Manufacturing Co. produces and sells specialized equipment used in the petroleum industry. The...
A: Calculation of all above requirement are as follows.
Q: Trial Balance for Lowe's Repair Services june 1. A. lowe invested 7000 cash and 5000 worth of repai...
A: Trail balance for the june 2022
Q: P company bought 60% of common stock of S company on January 1, 20x4. On January 1 20x5, there was a...
A: It is an intercompany transaction, in which the flow of transaction will be from parent to subsidiar...
Q: Scrimshander, Inc. is a shipping company, transporting goods using cargo ships. On January 1, 2017, ...
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...
Q: A3
A: Fundamental analysis (FA) seems to be a way of determining the intrinsic value of security by lookin...
Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. o T...
A: I am answering the first 3 sub-parts of the question as per bartleby guidelines. Please re-submit th...
Q: tatement 1: Unrealized gains or losses from financial assets measured at fair value through OCI are ...
A: Note 1. Fair Valu through OCI Other comprehensive income gives unrealized gains and losses for inve...
Q: Vlad died on October 20, 2018. During his lifetime, upon knowing that he had Stage 4 cancer, sold hi...
A: Introduction:- A good or service's economic value is a measure of the advantage it provides to an ec...
Q: The company has debit balance of input tax at the beginning of th 6. what is the VAT payable for the...
A:
Q: Problem 5. Presented below is the Shareholders' Equity of ligan Water Spring Resort Corporation: Aut...
A: Basic Earnings per share = (net Income - Preferred dividend) / No. of shares outstanding where, No.o...
Q: Bates Company plans to add a new item to its line of consumer product offerings. Two possible produc...
A: Differential revenue is the difference in products sales price. The sale price can be calculated by ...
Q: The following trial balance was extracted from the books of Movies To The Max Ltd at july 31, the en...
A: A balance sheet is a representation of an individual's personal or corporation's financial balances ...
Q: Current Attempt in Progress Carla Vista Timber Corporation uses a machine that removes the bark from...
A:
Q: (a) Prepare a revised statement of financial position using the available information. Assume that ...
A: Solution:- Given, Swifty Corp. has decided to expand its operations and given statement of financial...
Q: Crane Farm Supply Company manufactures and sells a pesticide called Snare. The following data are av...
A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...
Step by step
Solved in 2 steps
- Direction: Solve the following problems and show your complete solution. 1. Aina, who works in an accounting firm, earns a monthly salary of P35,000 per month and also receives P3,500 for a monthly allowance. Her monthly contributions are as follows: P1,466 for income tax, P300 for PhilHealth, P800 for SSS, and P100 for Pag-IBIG. Find her gross and net income for this month. salary of basic salary of P3 2. Cathy, a police officer, gets a basic P39,000 a month, monthly allowance of P2,000 and a hazard pay of P2,500. Find her annual gross income.24. Alex, Ben and Carl are engaged in a group task for which payment of P36,000 is agreed upon/ Time wage rates are: Alex Ben P600 per day P500 per day Carl P400 per day Alex worked for 15 days, Ben for 22 days, and Carl for 25 days. How much is the total payment to be distributed to Ben? a. P12,000 b. 13,200 c. P10,800 d. P11,000You work in a company. You are offered the choice of two payments streams. A. $250 paid now. B. $150 paid now, $50 paid three months from now, and $150 paid ten months from now. If you want both of them to be equal, What should the intrest rate be?
- Title Sarah has 1,000 hours per year she can allot to work or leisure (1). If she works, she gets a wage.. Description Sarah has 1,000 hours per year she can allot to work or leisure (1). If she works, she gets a wage of $16/hour. Food (f) costs $1 per unit (P,-$1). What is the price of leisure P1? Give an intuitive explanation for what the price of leisure means a) b) Draw Sarah's budget constraint. Now suppose Sarah enrolls in TANF, and there is a benefit reduction rate of 0.5 and a benefit guarantee of $2,000. Write out the equation for the income she could receive from TANF if she enrolled. Draw her new budget constraint. What is her new effective wage if she participates in TANF? c) d) Suppose that the government decides to reduce the benefit reduction rate to 0.25 to encourage work (benefit guarantee remains the same). Draw the new budget constraint. e) Draw examples of indifference curves for a single mother who participates in TANF both before and after the reform. Display…Direction: Solve the following problems and show your complete solution. 1. Mr. Gonzaga earned an annual income of 450,000, what is the a. Weekly salary? b. Biweekly salary? c. Semi-monthly salary? d. Monthly salary? CHARACTER SER 2. Ms. Lui earned an annual income of 775,000, what is the a. Weekly salary? b. Biweekly salary? mual income of 775,000. c. Semi-monthly salary? d. Monthly salary? UNIFor he 3 part question that follows, provide your answer to each part. Identify each part with coordinating response. Part A: What is the approxiamate APR formula? Part B: Keely buys a car for 18,000 with down payment of 1000. Estimate her APR to the nearest tenth of a percent if her monthly payments are 375 per onth for 60 months. OPart C: show your work to support your answer for Part B
- Peter's salary (X) is twice the salary of Paul (Y) but half the salary of Mary (Z). Write an expression for the average salary of Paul and Mary in terms of Peter's salary. O a. 0.50X O b. 0.75X O c. 1.25X O d. 1.00XMatt works for Fresh Corporation. Fresh offers a cafeteria plan that allows each employee to receive $15,000 worth of benefits each year. The menu of benefits is as follows:Benefit CostHealth insurance—single $ 5,000Health insurance—with spouse $ 8,000Health insurance—with spouse and dependents $ 11,000Dental and vision $ 1,500Dependent care—any specified amount up to $5,000 VariableAdoption benefits—any specified amount up to $5,000 VariableCash—any specified amount up to $15,000 plan benefit Variable401(k)—any specified amount up to $10,000 VariableFor each of the following independent circumstances, determine the amount of income Matt must recognize and the amount of deduction Fresh may claim: (Leave no answer blank. Enter zero if applicable.)Problem 12-49 Part b (Static) a) Matt elects the single health insurance benefit and places 10,000 dollars in his 401Kb) Matt selects the single health insurance benefit, is reimbursed $5,000 for dependent care,…Use the information provided below to calculate Samantha’s remuneration for 17 March 2022.INFORMATIONSamantha’s normal wage is R300 per hour and her normal working day is 8 hours. The standard production time for each employee is 4 units for every 30 minutes. On 17 March 2022, Samantha’s production was 76 units. Using the Halsey bonus system, a bonus of 50% of the time saved is given to employees.
- Austin received a job offer at a large mining company which will pay her a gross salary of $68,800 per annum. a. Calculate her periodic gross payments if she is paid monthly. Round to the nearest cent b. Calculate her periodic gross payments if she is paid semi-monthly. if: Round to the nearest cent c. Calculate her periodic gross payments if she is paid bi-weekly. Round to the nearest cent d. Calculate her periodic gross payments if she is paid weekly.Miss A has P300,000 annual income while Miss B has P800,000 annual income. Explain the ability to pay theory based on the given situation.Use the information provided below to calculate Samantha’s remuneration for 17 March 2022. INFORMATIONSamantha’s normal wage is R300 per hour and her normal working day is 8 hours. The standard production time foreach employee is 4 units for every 30 minutes. On 17 March 2022, Samantha’s production was 76 units. Using theHalsey bonus system, a bonus of 50% of the time saved is given to employees.