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Tomas Company does not keep a full set of business records, but the following information is available for the month of June 2014:
Trade receivable, 6/1/14 P80,000
Trade receivable, 6/30/14 55,000
Credit sales 680,000
Cash received from customers 673,000
Bad debts written-off 4,000
Problem 1: General provision for doubtful debts set up in June 10,000 Assuming no other transactions, how much discount was allowed to customers during the month of June?
Compute Cholati's branch profits tax, and - Determine its branch interest withholding tax obligations. Assume that Cholati does not reside in a treaty country.
Broussard is already at full capacity, Use the AFN equation to forecast Broussard's additional funds needed for the coming year.
Based on the evidence of the case, lawyer for Budaya Bhd believe that they will not lose the case. Is there a probable future outflow of resources?
A production department's output for the most recent month consisted of 16,000 units completed and transferred to the next stage of production and 16,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50..
Breeden, Myers, and Kowski are partners operating a business under the name of Professional Business Services. They are considering several ways to share the $24,000 net income earned from the first year's operations. If the net income allocation is ..
The receivable was collected from the customer on October 8. What effect will the collection of cash from the receivable have on the company's financial statements?
$50,000 per year for 20 years in the form of an annuity due. What is the present value of this stream of payments if money can earn 7 percent annual interest?
There are several current events in business, affecting financial reporting, or performance measurements are tied to financial measurements.
the trial balance of the parton wholesale company contained the following accounts at december 31 2010 the end of the
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financial accounting project your board of directors has requested that you prepare a special report addressed to them.
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