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Question 1: A project cost of Rs. 5, 00, 000 and yields annually a profit of Rs 80,000 after depreciation @12p.a but before tax of 50 %. Calculate the pay back period method.
Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 3% charge on sales for using its card. On June 28, Jervis had $3,500 in NB Card credit sales. What entry should Jervis make on June 28 to recor..
What amount will Aisha need to invest today in order to have adequate funds available in 4 years?
at end of 2011 tatum co. has accounts receivable of 700000 and an allowance for doubtful accounts of 28000. on 24th
Use the following 8% interest factors. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 7 periods 5.2064 8.92280 8 periods 5.7466 10.63663 9 periods 6.2469 12.48756 Korman Company wishes to accumulate $1,000,000 by May 1, 2025 by ma..
Calculate the depreciation for 2019 and 2020 using The straight-line method. Usage method (kms.). Double-declining balance method.
A machine costing $208,800 with a four-year life and an estimated $16,000 salvage value is installed in Luther Company’s factory on January 1. The factory manager estimates the machine will produce 482,000 units of product during its life. It actuall..
Maverick Ltd issued a prospectus to the public offering 10 million shares at $1.50 each on 1 July 2018. The prospectus specified that $0.70 per share
You are evaluating audit results for assets in the audit of Roberts Manufacturing. You set the preliminary judgment about materiality at $50,000. The account balances, tolerable misstatement, and estimated overstatements in the accounts are shown nex..
Additionally, the bank statement showed service charges of $40. Determine What is the correct adjusted ending cash balance? explain
Jorge contributes $35,000to his church and 100 share of XYZ stock to the American Red Cross. The shares were purchased three years ago for $10,000 but were worth $ 18,000 as of the donation date. Jorge's AGI this year is $100,00. Assuming no election..
In each of the following cases, find tax expense, DTA or DTL balances for each year. Each example is independent. The company has no differences in tax and financial income.
Compute diluted earnings per share. (Round answer to 2 decimal places). OrioleCorporation reported net income of $398,120 in 2020 and had 206,000
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