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Question - A Company started business in March 20xx. Sales for the first year totaled P4,000,000. The entity priced its merchandise to yield a 40% gross profit based on sales.
Industry statistics suggest that 10% of the merchandise Boy to customers will be returned.
The entity estimated sales returns based on the industry average During the year, customers return goods with sale price of P300,000.
Required - Prepare journal entries to record sales, sales returns and the year-end adjusting entry for estimated sales returns?
Renfree Mines, Inc., owns the mining rights to a large tract of land in a mountainous area. Determine the net present value of the proposed mining project
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the following items were selected from among the transactions completed by emerald bay stores co. during the current
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the end of the first bi-weekly pay period of the year rockin companys payroll register showed that its employees earned
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If Amber elects salary deferral treatment for the above amount, how much can she save in taxes? What is the maximum amount Amber can elect for salary
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honeybutter inc. manufactures a product that goes through two departments prior to completion- the mixing department
Alfred Morneau earned gross pay of $760. Each period he makes a 401(k) contribution of 3% of gross pay, Determine the Total Social Security tax
from the following statement please 1 complete bank reconciliation for jimmys deli found on the reverse of the bank
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