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Beginning inventory P 600,000
Purchases 1,500,000
Total goods available for sale P2,100,000
Sales 2,300,000
Instructions
Problem 1: Compute the ending inventory, assuming that (a) gross profit is 40% of sales, (b) gross profit is 60% of cost, (c) gross profit is 35% of sales, and (d) gross profit is 25% of cost.
Rose received a loan of $56,250, 7 years ago. The interest rate charged on the loan was 4.56%. Calculate the accumulated value of the loan today
The beginning finished goods inventory was 5,000 units valued at $405,000. Assuming a FIFO cost flow, determine the cost of goods sold for 20,000 units
Calculate Provision for Unrealized Profit and Prepare a consolidated statement of profit or loss and other comprehensive income for the year 31. December 2019
1. MLB®. Major League Baseball (MLB) requires that a ball used in a major league game weigh between 5 and 5.25 oz. (www.MLB.com). Rawlings® is the official supplier of baseballs for MLB. In their production process, do they treat 5 and 5.25 oz. as..
Microsoft Company sold Windows Program (millions of copies) in the United States and Europe, Compute the prices in each market which was applied
ddf corporation sold land it had used for parking and storage for 20 years for 575000. its basis in the land was 68000.
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1 roy purchased a one-year insurance policy for 2400. the adjusting entry for one month would include a a debit to
Compute the income tax expense for the year is estimated to be $10,000. Supplies actually on hand at December 31, 2015, have a cost of $200.
Van Ness contributes $46,000 to receive a 40% interest in a new partnership with Lilly. Determine the amount and recipient of the partner bonus
love theatre inc. owns and operates movie theaters throughout new mexico and utah. love theatre has declared the
Find What is the amount of gain or loss to be recognized by Adam, Brian and Charlie? On January 3, 2019, Adam, Brian, Charlie and Dave decide to form XYZ Corp.
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