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A private rank and file employee working in a remote tower station of No-Signal Telecom received the following benefit during
2014:
13th month pay P 67,000Performance bonus 15,000Christmas gift 22,000Danger exposure allowance (hazard pay) 6,000 Housing privilege 38,000Uniform and clothing allowance 7,000Laundry allowance 6,000 The housing privilege pertains to the annual value of the employees living quarters furnished by the employer and is purely part of the compensation and it is given NOT for the convenience of the employer. Required:
Problem 1: Compute the excess 13th month pay and other benefits.
Arness Woodcrafters sell $250,000 of receivables to commercial factors on a wth recourse basis . commercial asses a financial charge of 5%and retains an amount equal to 4% of accounts receivablex. arness estimates the fair value of the recourse ob..
The company expects to sell 40% of its merchandise for cash. Prepare a schedule indicating cash collections of accounts receivable for August, September
Project A as well as project B require an initial investment of $1,050,000, have a 6-year life, Determine the cash payback period for each proposal
budgeted overhead for cinnabar industries at normal capacity of 30000 direct labor hours is 4.50 per hour variable and
The previous year 3,200.00 Dividends Interim 18,000.00 Final 20,000.00 You are required to: 1. Calculate the amount of dividends and taxation paid.
What is the net realizable value of the receivables reported on the statement of financial position at December 31, 2018 after adjusting entries?
The new hoist will be used to replace mufflers and tires on automobiles. Calculate the annual rate of return for the new hoist
Prepare an analysis and letter to the president allocating the overhead costs and determining the total departmental costs and their respective overhead rates
What is the amount of the realized gain or loss for Adam, Brian and Charlie? On January 3, 2019, Adam, Brian, Charlie and Dave decide to form XYZ Corp
department a had 1000 units in work in process that were 60 completed at the beginning of the period at a cost of 7000.
If this asset has an estimated useful life of four years, what is the netbook value of the cash registers on May 31
What advantages do you see in this form for the income statement? Compute Corbin's profit margin. Comment on Corbin's profitability
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