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El, Vi, and Hernan are partners in an accounting firm. Their ending capital account balances were: El - P90,000; Vi - P110,000 and Hernan - P50,000. They share profits and losses in a 4:4:2 ratio, after the following special terms:
Problem 1: Assuming profits of P44,000 in 2019, the total profit share of Hernan would be ________________.
a. P7,800b. P19,800c. P16,800d. P19,400
Determine which od the groups of accounts will be shown on the income statement, Dividends, rent expense, depreciation expense
compute the unit product cost under both absorption and variable costing. Create an income statement for the year using absorption costing
Assume that you invested in a two asset portfolio comprising the market portfolio and T-Bills over the same period covered in the table. Your portfolio beta was exactly the same as Fidelity. What is the portfolio weight on the market in your portfoli..
The mean score in a statistics exam of 3 students is 72.4. If the fourth student has scored 80, what is the mean score of the four students?
Assume that Pagnucci Co. paid the balance due to Mockingbird Company on May 4 instead of April 15. Prepare the journal entry to record this payment
Cashion Company produces chemical mixtures for Veterinary pharmaceutical companies. Its factory has four mixing lines that mix various powdered chemicals together according to specified formulas. Prepare a graph for each of these three costs: equipm..
Find What is the corporate income tax liability at December 31, 2015? For the year 2015, the company realized profit of P9, 000,000 before said deductions.
Abebe Helton owns a small restaurant in New York City. Ms. Helton provided her accountant with the following summary information regarding expectations for the month of June. The balance in accounts receivable as of May 31 is $52,000. Compute the amo..
Q1. Use DerivaGem to calculate the value of an American put option on a non-dividend-paying stock when the stock price is USD 30, the strike price is USD 32, the risk-free rate is 5%, the volatility is 30% and the time to maturity is 1.5 years. (..
You wish to purchase a residential house for $240,000 and you would like to put 10% down payment. You can get a 30-year fixed rate mortgage loan at 4.00% Annual rate with monthly compounding and no points. If you buy 2.5 points to bring down the APR ..
Compute the total HPY on these shares and indicate how much was due to the price change and how much was due to the dividend income.
Review debt activity for a few days before and after year-end to determine whether transactions are included in the proper period. Determine due dates on notes and bonds for proper classification between current and long term debt.
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