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Question 1 - The net income of Herbert Co. for the year 2022 was P50,000. Selling expenses were equal to 16% of sales and 20% of the cost of sales. All other expenses were 3% of sales. The cost of sales of Herbert Co. for the year 2022 was?
Question 2 - Honasan Co. reported profit after tax of P420,000, Honasan's income tax rate is 25%. Operating expenses for the year is 20% of sales and 50% of cost of sales. Other expenses were 5% of sales. How much is the total sales?
cardinal llc incurred 20000 of startup expenses 3000 of organizational costs and paid 10000 in transfer taxes to change
The prevailing rate of interest for this type of note at date of issuance was 10%. What Marx should record sales revenue in January 2020 of
queen dairy determined the total predetermined oh rate for costing purposes is 26.80 per animalday. of this 25.20 is
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. Compute the total overhead variance in 2016 for Bluecap Co.
Hedging Exchange Rate Risk. An importer in the United States is due to take delivery of silk scarves from Europe in 6 months. The price is fixed in euros.
A borrower has two alternatives for a loan: (1) issue a $660,000, 90-day, Calculate the amount of the interest expense for each option
A company produces two joint products (called 101 and 202) in a single operation that uses one raw material called Casko. How much of the $800 cost should be allocated to each product, assuming that the company allocates cost based on sales revenue
Discuss the laws surrounding the issue of whistleblowing and whether as the President alleged, the whistleblower had committed a treasonous act.
the following cost data pertain to the operations of swestka department stores inc. for the month of
Four pounds of material are needed for each widget at a standard cost of $2.25 per pound. For direct labor, what is the rate (price) variance
An invoice for $8,100, terms f.o.b. destination, was received and entered January 2, 2011. The receiving report shows that the materials were received December 28, 2010.
Borrowed money from bank on a long-term note, Discuss Purchased equipment by paying cash
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