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Problem 1: On July 15, 2020, Nestle White obtained Php 4,000 worth of groceries at Super 11, to be deducted to his next paycheck. Super 11 has a salary deduction arrangement with the Provincial Capitol where Nestle works. Where is the credit transaction and who are the parties to it?
Problem 2: Nelly Ann Gie asked an electrician to replace the old electrical system in her house. The agreed cost of electrical work is Php 7,500. As payment, Nelly told the electrician to go to her department store and get 7,500 worth of groceries and clothings. Is there a credit transaction here?
The Richie Company uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. The standard variable overhead rate per machine setup is:
Get another ratio to evaluate the management of Inventory and explain it.Explain The indication of these ratios and if its increase or decrease
Green Timber reported net income of $57,000?; depreciation expenses of $11,000?; a gain on a land sale of $1,000?; and a decrease in Accounts Receivable of $500. Under the indirect? method, net Cash Flows from operations? is
Complete all work on the spreadsheet attached to this assignment; it will be your only deliverable. Clearly identify the requirements being addressed. Show all calculations within the cells of an Excel spreadsheet.
Identify the companies To start with, you can visit the Toronto Stock Exchange website for information on listed companies in Canada.
If Sal purchases the component from the supplier instead of manufacturing it, the effect on income would be? What is the maximum price Sal would be willing to pay the outside supplier?
Determine The annual deduction of depreciation is an application of which of the accounting principle:- Recognition , Representational faithfulness.
Create the journal entries to record the sales and collection of cash for 2012. Compute the amount of cash that Joe's collected from these sales.
The discount rate is 11 per cent. What would be your choice? Will your answer change if Rs 2,310 is paid in the beginning of each year for 5 years?
Solve for the company's break-even point in unit sales using the equation method.- Solve for the company's break-even point in sales dollars using the equation method and the CM ratio.
How many Shares of Common stock have been issued? Prefered stock, $1 par value $5500, Common Stock $1 par value $ 25000
Evaluate the 'mixed measurement model of accounting'. In your response you should identify three criteria you are using to evaluate the mixed measurement model
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