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Question - The general rate of VAT in The Philippines is 12%. If VAT payable of a VAT-registered company in the Philippines for a certain period amounts to 5,410,392.86 when gross purchases during the same period amounted to 51,498,000, how much is the gross receipts collected/collectible from its customers?
Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank.
The increase in the contract price related to this cost escalation was approved by the client. What is the Original Contract Price 2017
during may the production department of a process manufacturing system completed a number of units of a product and
bozeman corporation manufactures a single product. monthly production costs incurred in the manufacturing process are
Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries
a. What costs are relevant to the decision to accept this special order? b. What would be the dollar effect on pre-tax income if this order were accepted?
The market rate of interest on similar notes is 6%. Prepare journal entry to record the purchase of the machine on July 31, 2018
Godfreid Company has accounts receivable of $95,400 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,100 credit balance.
Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. Journalize the entries to record the operations, identifying each entry by letter. Compute ..
Compute the contribution margin ratio for each product? How many units need to be sold for each product to achieve a target income of $60,000
Rental revenue, including unearned rent deposits of $1,000, was $35,000. What would be the net rental income
What is the cost of new common equity considering the estimate made from the three estimation methodologies? Round your answer to 2 decimal places.
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