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Question - Andrei Company provides an incentive compensation plan under which its chief executive officer receives a bonus equal to 10% of the company's income in excess of P880,000 before bonus and income tax. If income before bonus and income tax for 2021 amounted to P2,200,000 and income tax rate is 30%, this amount of bonus would be Toyanda Cubao, Inc. (TCI) is a dealer of Toyanda trucks and automobiles. TCI distributes annual bonuses to its Vice President for sales and three division managers, namely: Truck Division, SUV Division and AUV Division. The company reported P12,000,000 profit for 2021 before bonuses and income tax. Income tax rate is 30%. How much is the total bonus if the vice president gets 3% and each division manager gets 1% of profit after bonuses but before income taxes? Answer in whole number.
Compute the break-even point in dollars for 2017. Compute the break-even point in dollars under each of the alternative courses of action.
Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.
Carla Vista Co. reported income taxes of $361,316,800 on its 2017 income statement. What amount of cash payments were made for income taxes
1. what are the components of cost-volume-profit cvp analysis? how does a cvp income statement help management make
What is the monthly debt service payment on Marco's loan if Enrique lends him $15,000 for four years at 8% interest?
?54,000 in acquiring another patent that clearly extended the existing patent's life to 12/31/15. What amount of amortization expense would Chair record in 20x4
Annapolis Company manufactures quality boating apparel. Use this information to make a detailed Schedule of Costs of Goods Manufactured for FY 2020
Stefani Wilson, a medical secretary, earns $2,650 monthly for a 37½-hour week. Compute the following amounts
On January 1, Cheyenne Corp. had 61,400 shares of no-par common stock issued and outstanding. Prepare the entries
1. which of the following items would be includable in the gross income of the recipient?a. insurance payments for
curl company completed 425000 units during the year at a cost of 20187500. the beginning finished goods inventory was
mauve corporation began operations as a farm supplies business and used a fiscal year ending october 31. the company
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