What are the non-mandarory benefits of employees in the philippines ? and decribe each.
Q: How much will be the per unit savings/loss? If the tools are purchased and the facility rented, Can...
A: 1 Particulars Formula Amount (P) Cost of production Variable cost (P28*30000) 840000 ...
Q: Citano Company has a used executive charter plane that originally cost $750,000. Straight-line depre...
A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by u...
Q: Lancelot is a dealer of household appliances. He reported the following in 2019 and 2020: 2019 2020 ...
A: Formula: Gross Income = Installment sales - Cost of Installment sales
Q: GRAY Company uses the direct method to prepare its statement of cash flows. GRAY had the following c...
A: Investing activities in a cash flow statement includes the activities done by a company such as inve...
Q: 1 2 3 4 5 6 7 8 9 10 11 Chapter 1: Applying Excel Data Sales $66,640 Variable cos...
A: Gross margin = Sales - Cost of goods sold Contribution margin = Sales - Total variable costs
Q: Heather, an individual, reported the following items of income and expense during the current year: ...
A: Working notes :- Alimony , Post -TC &J...
Q: The company expects that it will work for 7,000 machine-hours in January 2020. Using the high-low me...
A: High-low method is the method which is used by the company to measure the fixed assets which are inc...
Q: CASE 2-32 Break-Even Analysis for Individual Products in a Multiproduct Company LO2-5, LO2-9 Cheryl ...
A: Overall Break-even point (in dollar sales)=Totak Fixed CostOverall Contribution Margin
Q: Based on the data given, Determine the Net Income in 2017 You discovered the following errors in con...
A: Accrual concept of accounting says that all incomes and expenses of the business for the particular ...
Q: Fact pattern: one-fourth represents secured and priority claims. 1. The "net free assets" are P75. 2...
A: 1. Total assets = P200 The assets are expected to be realized at an average of 75% of the carrying a...
Q: 3. Johnathan was provided a private health care plan for his family. The employer paid $3000 of prem...
A: Answer: Employer paid premium of health care plan = $ 3000 Cash bonus= $800 Christmas present= $1250
Q: Pomelo Company has the policy of valuing inventory at the lower of cost and net realizable value usi...
A: Net Realizable Value of Inventory: In most cases, net realizable value is equal to the difference be...
Q: Shah Rukh invested RM5 000 in an investment fund for three years. At the end of the investment perio...
A: Simple interest is the amount of interest which is incurred or earned over the period of time. Under...
Q: Create a units of production depreciation Cargo Van Price $26,000 Machine Price $48,000 Salv...
A: Depreciation is the non-cash outlay reported in the income statement in order to record the reductio...
Q: Partners Dan, Han and Pan, operating a computer store, shares profit and loss on a ratio of 4:4:3. A...
A: The partnership comes into existence when two or more persons agree to do the business together and ...
Q: Makata owns 30% of the capital and profits of his law office. The law office reported P1,000,000 pro...
A: Any general professional partnership is exempted from Income Tax as pe...
Q: RED Corporation's account balances during 2021 showed the following changes, all increases: Assets 3...
A: Solution Concept Using accounting equation Change in assets =change in liabilities + ch...
Q: Katie must decide which one of the following initiatives she will pursue. Each of the projects will ...
A: In risk management, probability distributions could be frequently used to assess the likelihood. It ...
Q: What is the journal entry to replenish the petty cash fund if expenses were Auto Expense $75, Office...
A: Petty cash is the money that a entity keeps on hand to make small payments, purchases, and reimburse...
Q: Walsh Company manufactures and sells one product. The following information pertains to each of the ...
A: The question is based on the concept of Cost Accounting.
Q: [The following information applies to the questions displayed below.] Tunstall, Inc., a small se...
A: Balance Sheet is called the position statement of the company because it shows the standing balances...
Q: . Nectarine Company lost most of its inventory in a fire in December, 2021, just before the year- en...
A: The question is related to calculation of loss as a result of fire. We will first calculate the gros...
Q: 7. An individual deposits an annual bonus into a savings account that pays 6% interest compounded an...
A: Interest rate = 6% First deposit = $20000 Annual increase in deposits = $5000 Number of annual depos...
Q: What would be the value of P1,000,000 3 years from now if it would be invested at a return of 12% pe...
A: Compound interest refers to the simply earning interest on interest. The principal is increased by t...
Q: Answer with true or false. No need explanation. 1. Indirect cost incurred by the entity in business...
A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first questi...
Q: YELLOW Company owns an office building and leases the offices under a variety of rental agreements i...
A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are inc...
Q: The following is information for Prisma products issued by Tekun Sdn. Bhd. (TSB) RM Sales (3,000 uni...
A: Hi, Since the question has multiple sub-parts, we will provide an answer for the first three subpart...
Q: Fig Company's inventory at December 31, 2021 was P570,000 based on a physical count of goods priced ...
A: Under FOB destination, titles of goods are transferred to the buyer only when goods are delivered to...
Q: hotel corporation is preparing its end of year financial statements. Management has informed the acc...
A: Solution Fact of the case A hotel corporation is preparing its end of year financial statements Mana...
Q: Based on the data given, Determine the Working Capital in 2018 You discovered the following errors i...
A: Rectification of Errors: It is procedure to revise mistakes/errors made in recording transaction...
Q: BTN 6-4 Each team member has the responsibility to become an expert on an inventory method. This exp...
A: a. Cost of goods sold: The cost of goods available for sale will be computed in the following manner...
Q: 8.Which of the following occurs/takes place under the gross price method of recording purchases? a...
A: Gross price method of recording purchases is the method of recording purchases which will not consid...
Q: taxes commonly used by many countries includes: - import duty payable on specific types of imprted g...
A: Direct tax refers to tax payment made by a individual or any other legal entity such as firm, compan...
Q: Total current assets 24 34,558 Plant assets Trucks 181 000
A: A balance sheet is a representation of an individual's personal or corporation's financial balances ...
Q: compute for the cash and cash equivalent that would be reported on the December 31, 2016 balance she...
A: As per our protocol we provide solution to the one question only but you have asked two questions un...
Q: ummer provided the following shareholders’ equity on December 31, 2021: Preference share capital...
A: Solution Concept Book value per preference share =preference share capital+ dividend in ...
Q: LO 8.6Using the following information, prepare a bank reconciliation. • Bank balance: $4,021 • Book ...
A: Ideally cash balance as per cashbook and bank balance as per bank statement should reconcile with ea...
Q: 38.A group of thirty 2-year old cattle was held at January 1, 2021. On this same date, additional f...
A: Fair value is the actual value or amount at which goods or products can be replaced or resold to the...
Q: enshaw had the following happen during tax year 2021: rclosure on his main home resulting in the dis...
A: In 2021, 9 individual income tax provisions which expired in 2020 were re-introduced or extended in ...
Q: 12 000 4 000 1 nd fittings 1 000 2 000 50 000 10 000 2 30.000
A: As per rule, allowed to answer first question and post the remaining in the next submission.
Q: 36.A group of thirty 2-year old cattle was held at January 1, 2021. On this same date, additional f...
A: The question is related to calculation of change in fair value less cost to sell due to physical cha...
Q: The contractually agreed snaring of control of an arrangement wnich exists only when decisions oDout...
A: IFRS are the standards that are used for the financial reporting of the entities. These standards go...
Q: He bought chairs and tables and paid them with P5, 700 cash?
A: T accounts are the general ledger accounts which are used for posting of recorded journal entries. O...
Q: Ventana Window and Wall Treatments Company provides draperies, shades and various window treatments....
A: Initial Markup = it is the original amount of markup from cost price to the selling price Additiona...
Q: ed (1,200) actuarial revaluation, De...
A: Net benefit obligation is the difference between the present benefit obligation and the fair value o...
Q: The following data pertain to a particular item sold by Pomegranate Company. 8/1 – Beg. invy: 2,000...
A: Weighted Average Method In the weighted average method each time purchases made by the entity and th...
Q: 9.Your review of ABC Company's inventory and related records for the year revealed the following inf...
A: Cost of goods sold - Cost of Goods Sold is the cost incurred to sell the goods to the customer. The ...
Q: Based on this information can you create an Income Statment Accounts Receivable $1,200 Accounts Paya...
A: solution concept in the income statement , revenue and expenses are presented so as the find the net...
Q: How do you view goodwill on the balance sheet - specifically, if certain levels of it would cause co...
A: 1.) I see the goodwill on the balance sheet as synergies , which was estimated at the time of the aq...
Q: The inventory records of Cattle Company show the following purchases during the first quarter operat...
A: FIFO means the first in first out which means that goods purchased first will be sold first. Weight...
What are the non-mandarory benefits of employees in the philippines ? and decribe each.
Step by step
Solved in 2 steps
- When is the due date for the employer to pay schedular tax deductions to tax authorities? Malaysiadiscuss why or why not a country should consider a system that gives everyone person a minimum income.1. What loan from the federal government given to individual states is used to provide unemployment benefits to state residents? Answer: A. SUTA Advances B. FUTA Advances C. Title XII Advances D. Title 15 Advances 2. The SUTA tax rate is determined by an employer’s _____. Answer: A. credit reduction B. FUTA tax rate C. experience rating D. Medicare tax rate 3. Identify each item as associated with Form 1099-NEC, Form 1096, or both. A. Displays earnings for one individual Form 1099-NEC Form 1096 Both B. Displays earnings for multiple individuals Form 1099-NEC Form 1096 Both C. Requires a signature Form 1099-NEC Form 1096…
- A new employer will be assigned a SUTA contribution rate: a. will be different for all new employers in the same state. b. at the discretion of the employees' union. c. that is 'reasonable' – and once it is assigned it cannot be changed. d. that is 'reasonable' – and then it will be adjusted in the future as an employment record is developed.Do you agree on this ? " True or False. When calculating the Canada/Québec Pension Plan contribution on a non-regular payment, paid separately from the employee’s regular salary or wages, the pay period exemption must be applied to the payment." Explain with applicable rules."Which of the following taxes would be deducted in determining an employee’s net pay? a. FUTA taxes b. SUTA taxes c. FICA taxes d. all are correct
