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Question - ABC Quezon Avenue, Inc. is a dealer of trucks and automobiles. ABC distributes annual bonuses to its Vice president for Sales department and three division managers, namely: truck divison, SUV division, and AUV and Sedan Division. The company reported P 12,000,000 profit for year 2019 before bonuses and income tax. Income tax rate is 30%. How much is the total bonus expense that should be recognized for the vice president and each division manager, if the vice president gets 3% and each division manager gets 1% of profit after bonuses before income taxes?
Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold for the sales transaction on January 18
The problem belongs to Accounting and it describes about calculation of total gross margin under absorption costing
During 1936 presidential election campaign a survey was conducted that predicted Alf Landon would win the election. Why you think present polling is failing
If Hughes uses a penetration strategy to price these new rubber gloves, give an example of a price that would fit that strategy. Explain your answe
if a check correctly written and paid by the bank for 428 is incorrectly recorded on the companys books for 482 the
Daggar capitalizes the lease, whereas Bayshore records the lease as an operating lease. Both firms depreciate assets by the straight-line method, and both treat the lease as an operating lease for federal income tax purposes.
Natali Vision sells 5,000 pairs of sunglasses per month at $40 each with a desired profit margin of 25%. What is the variable cost per unit
Complete the current tax worksheet. Accumulated depreciation on equipment for tax purposes is $200 000 on 30 June 2019 and $120 000 on 30 June 2018
Identify the chief insights from the pilot project. How does the pilot project for the EDP system compare to SOX requirements?
You are an established Canadian business. You are considering the prospects of starting a subsidiary business in a foreign market. Conduct comprehensive secondary research on trade policies and the prospects of starting a business in that foreign ..
The note receivable dishonored in Eye Opener 14 is paid on July 30 by the maker, plus interest for 30 days, 10%. What entry should be made to record the receipt of the payment?
The regular rate of depreciation is 10% per year. Acquisitions and retirements during a year are depreciated at half this rate. There were no purchases during the year. On December 31, 2013, the balance of the Plant and Equipment account was $220..
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