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Question - Ables had P275, 000 invested during all of 2018; Galang had P200, 000 invested from January 1 to August 31, and he invested another P75, 000 on September 1. If the profit was P800, 000 during 2018, how much should each partner receive under each of the following conditions:
a. Ables and Galang agreed to share profit and losses in a ratio of 60:40.
b. The partners agreed to share profit according to the ratio of their original investments.
c. The partners agreed to share profit on the basis of their average capital balances.
If sales for April, May, and June were $62,000, $99,000, and $71,000, respectively, what were the firm's budgeted collections for June
Kluth Corporation has two manufacturing departments-Molding and Customizing. Calculate the selling prices for Job C and for Job M
The adjusted trial balance of Karise Repairs on December 31, 2017, Assume there are no owner investments in 2017. Prepare an income statement for the year
1.after management has set short-term goals the budgeting process typically starts witha.a set of procedures or
Write a research paper in which you address the compensation and benefits of a selected organization, based on information you have gathered and analyzed about the organization.
Compute the estimated cost of the ending inventory, assuming the gross profit rate is 35%
Determine and Discuss who are the internal users and external users of accounting information. Discuss what the primary concerns are to both groups.
Calculate (using the appropriate statistical tables) the probability that between five and eleven retirees would be interested in investment services
Write the answers for the following problem in the Working Papers.
In December, one of the processing departments at Weisz Corporation had beginning work in process inventory of $20,000 and ending work in process inventory.
Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable.
Erwin and Eleanor have adjusted gross income of $12,000, no tax-exempt interest, and $16,000 of Social Security benefits. Erwin and Eleanor have adjusted gross income of $85,000, no tax-exempt interest, and $15,000 of Social Security benefits.
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