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Question - Margarita Corp. consistently bills its branch 125% of the cost of its shipped goods. Half of the beginning inventory of the branch is outsourced from third-party suppliers. During 2021, total shipments from home office amounted to P1,233,750, and total purchases from third-party suppliers amounted to P1,458,750. On December 31, 2021, the loading in branch inventory account amounted to P277,500. Cost of goods sold reported by the branch amounted to P2,600,000 and P12,500 of its ending inventory came from outside suppliers. How much higher is the true branch net income as compared to its reported net income?
A. 0
B. 197,500
C. 200,000
D. 520,000
Today, there are many non-traditional households. Which of the statements are correct? The non-traditional family may take many different forms.
Jerry Seinfeld purchased the above Homeowners 3 policy. A few months later his unattached garage was destroyed by a tornado. The replacement cost of the unattached garage is $24,000 and his garage was depreciated 40%. Ignoring a deductible, How much ..
On January 1, 2020, Burke Company issued 15-year, $1,500,000 face value, 5% bonds, at par. What is the diluted earnings per share for 2020
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What might be some of the alternative measures of performance and would Collison's comments provide a justification for moves towards profit measures that incorporate ‘full costs'
A local pest control company has purchased equipment costing $150,000 with an estimated lifetime of 7.5 years using straight line depreciation. Additional fixed costs per year are $100,000. Variable costs per pest control service are $40 and the pric..
Excel Assessment: In this assignment, you will demonstrate your knowledge and competencies to use Excel to solve an accounting problem. Create a Statement of Cash Flows using both the direct and indirect methods.
Adams Bogut just received a signing bonus of $939,000. His plan is to invest this payment in a fund that will earn 10%, compounded annually. If Bogut plans to establish the AB Foundation once the fund grows to $2,214,115, how many years until he can ..
Camille also incurred selling expenses of $100. What is the amount realized by Camille in the exchange?
Question - What are the challenges of incorporating social responsibility and sustainability into project management practices
Cherry received a 1/3 profits and capital interest in Bright Line, LLC in exchange for legal services she provided. In addition to her share of partnership profits or losses, she receives a $22,000 guaranteed payment each year for ongoing services sh..
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