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Problem 1: Killua Company purchased an equipment for P540,000 on January 2,2020. The equipment had an estimated salvage value of P60,000 and estimated useful life of 5 years. The equipment being depreciated using the sum-of-years digit method. What is the carrying value of the equipment on Dec 31,2021?
Using the contribution margin approach, compute the number of statues the company must sell to (a) break even and (b) earn a profit of $50,000
The auditors compare information on canceled checks with information contained in the cash disbursement journal. The objective of this test is to determine that:
What is the monthly interest rate on this contract? What is the effective annual return? What is the APR?
What did the engineer mean about the large overhead rate being a disadvantage when placing bids and seeking new business
During the month of May, the grinding department produced and transferred out 2,300 units. Find the equivalent units of output for May
Directors are from Chan's family, you are drafting the financial statements for the year. What would you expect them about the earning pattern and dividend?
Prepare a budgeted income statement for June 2014. Prepare a budgeted balance sheet as of June 30, 2014. How do we use computer-based budgeting in sensitivity analysis?
The physical count included $29,000 of goods billed to Sakic Corp. f.o.b. shipping point on December 31, 2014. What amount should Keillor report as inventory
the stewart cake factory owns a building for its operations. stewart uses only half of the building and is considering
assuming that 910,000 shares of common stock were outstanding throughout the year
As a student of Business, state and justify why online shopping is better than in -store shopping ? Why revenue model is a part of the business model.
p corporation paid 2000000 for all 200000 shares outstanding of s corporation. the transaction is recorded as a merger.
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