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
Q: The direct method as used by Ultimate Manufacturers is one method that can be used to re-assign…
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…
Q: Lalua Co is a US firm has planning to export its products to Singapore since its decision to…
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:
Q: After operating for seven years, the books of the partnership of Kobe and Gasol showed the following…
A: Introduction:- The following basic information as follows under:- Net assets - P169,000 Kobe,…
Q: Need explanation Changes in Variable Costs, Fixed Costs, Selling Price, and Volume Data for Hermann…
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
Q: Ben purchased a brand-new car. A portion of the selling price was financed by a bank which the car…
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…
Q: Partners Nina, Ricci, and Guess, who share profit and losses in the ratio of 2:2:1, respectively,…
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…
Q: The maintenance cost of a certain equipment is P40,000 per year for the first 5 years, P60,000 per…
A: The equivalent annual cost of maintenance (EAC) is the annual cost of maintaining an asset over its…
Q: Differentiate general journal from a ledger. 2. Is every transaction posted immediately to the…
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…
Q: Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the…
A: 4800 Hours are available Minimum demand is 3000 units for Shorts and Pants We need to find out…
Q: The following table shows the balances in the three main accounts of a country's balance of payments…
A: Current account = Capital account + financial account
Q: Forten Company's current year income statement, comparative balance sheets, and additional…
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…
Q: Entity XYZ acquires a machine for CU100,000. The machine has an estimated useful life of 5 years and…
A: In the context of the given question, we are required to compute the current tax, deferred tax,…
Q: Q3 Hollaway Corporation has the following data for the current fiscal year: Actual Budget…
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…
A: According to this question, we are required to prepare the journal entries with reference to the…
Q: Item Nos. 26 to 28 are based on the following information: Kia, Lia, and Mia are partners sharing…
A: In the context of the given question, we are required to compute the answer to those questions.…
Q: 10- Kingeade Corporation keeps careful track of the time required to fill orders. Data concerning a…
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…
Q: variance iv. Direct labour efficiency variance v. Direct labour rate variance vi. Direct labour…
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 =…
Q: Consider the following five different lockbox arrangements:…
A: The lockbox is a type of baking service provided by the banks to their customers. The bank collects…
Q: where computer-aided design files can be superimposed over the digital pictures. Differences between…
A: The payback period method is used to appraise various capital investment projects. It uses the cash…
Q: Congratulations! You just won your state lottery and will be receiving a check for $1 million. You…
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
Step by step
Solved in 2 steps
