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Question - A company sells its products at P30 per unit. Unit variable cost is P22 and total fixed costs total to P100,000 per month. The company currently pays salaries of P40,000 per month but with no commission. It is considering a compensation plan whereby the salespeople would receive 5% commission based on sales, but their salaries would be decreased to P25,000 per month. At what sales level is the company indifferent between two compensation plans?
Tax rules are often very precise. For instance, a taxpayer must ordinarily provide "over 50%" of another person's support in order to claim a dependency exemption. Why is the threshold "over 50%" as opposed to "50% or more"? Explain in detail.
Explain why the income statement uses different terminology to date the income statement than is used to date the balance sheet.
Exercise - Compute and Use the Degree of Operating Leverage. Compute the company's degree of operating leverage
Based on her discussions with management and her knowledge of the industry, she believes that the amount of other expenses should be consistent with the trends from prior years.
Prepare the journal entries required by RTN, assuming that RTN elected the fair value option under SFAS 159
Given the information ,What will be the implied one year forward rate, 5 years. 6 yr treasury security has 8% interest. 5yr has 7.6 %
Prepare a 7 - 10 slide PowerPoint presentation as your training tool for teaching emotional intelligence to managers and supervisors of your organization.
Celine Dion Corporation purchases a patent from Salmon Company on January 1, 2010, for $54,000. Prepare the journal entries to record the $24,000 expenditure
Prepare a statement of earnings for Planxty Ltd. for the year ended December 31, 2010 in proper format
Prepare the adjusting entry to record the accrual of interest on December 31, 2021. The bonds were dated October 1, 2021, and pay interest annually on October 1
GRP Corporation has $500,000 in a bank account paying 0.35% annual interest. As an alternative to leaving the money in the account, the company is considering investing the entire amount for five years. possible investments have been identified as..
Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750. What was its return on total assets
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